 I'm going to put the slide up. Let me know if you can see it. You should see a chart of the QQQs. And again, if you have questions as we go along today, you can plop it in the room. You go down to to individual user, and then you choose my name Melissa Armo. So we're going to get started here. People come in late. They come in late. I will let them in. For those of you that don't know me, my name is Melissa Armo, and I own my own company called the Stock Swoosh and I trade gaps. And I teach people how to trade gaps. In fact, I have a class this coming weekend, June 24th and 25th on how to trade gaps. I teach the class once a month, but every single morning I get up early and I'm looking for the best gap to trade. So today we're going to go over a lecture, why trade gaps. And first, before we even do that, we're going to go over what is a gap. So actually let me go to a different chart here. I'm going to go to BA. So what is a gap? A gap is a difference between the close and the open. That is what a gap is. There are bearish gaps and there are bullish gaps. For those of you that don't know what I do, I prefer to focus on shorts, although I will go long. So in the case of BA, we actually did a put in BA today. It worked, it was a nice trade. What happened in BA is a gap down and then it fell. So a put is a short. So we basically shorted BA. You could have done BA as a day trade. You could have done BA as a put like we did. Whether you do an options trade or whether you do a day trade, it's neither here nor there. The whole idea is trading the gap and doing the momentum. Now I happen to do both. So I do do day trades on margin and I do options. It's whatever works for you. With your timing, with your job, with your lives, with your schedule, with the type of account you have, whether you have an options account or a margin account. Because again, you can trade options with a cash account, with a cash account. And as far as trades on margin, you need a margin account. What do I mean? Like if you just would short BA outright with a hundred shares, for example, you would need to have a margin account which would be at a broker where you'd have a four-to-one margin or you might have a 10-to-one margin if you're at a prop account. And if you have questions about those types of things, types of accounts or anything else, you can ask me in the room as well. So let's go over what is a gap. Can everybody see this is BA? So BA closed here. This was yesterday, which was Friday at 219.99. Gap down here the next day, 620 and open at 218.89. Everybody see that? So a gap down means that at four o'clock, the stock closes or the market, I trade the market, I trade ETFs as well, but this is BA. It means a gap is that there is a closing price at four that is different than the opening price at 9.30 the following day. Just so happens, we had a three-day weekend so it was Friday to Tuesday. So today's Tuesday, we had a gap down in BA today. Now, when I am looking to take a trade or do a trade, again, first I'm looking for the gap, then I'm looking to rate or qualify the gap to see if the gap is going to move in the direction of the gap. So in other words, in the case of BA because it was a gap down, I'm looking to do what? I'm looking to short it. I'm looking to see if it rates good enough to short. If I have a gap up, I will rate it to go long to see if it's good enough to go long, okay? I will rate it as a bullish gap, meaning I would go long it or do a call, which is an option to the upside. Now, I get this question a lot. Can you always short every bearish gap down? No. Can you always go long every bullish gap up? No, you can't. In fact, many, many times things flip. Some people play gaps too flip as what is called a gap fill. That does not work consistently, okay? But sometimes it does. Sometimes it actually does. But it doesn't work more than it fails. Therefore, I don't do gap fills. But just to go over what is a gap, this is an example of the gap down and we did it and it fell. Now, let's look at another one here because everyone see this chart. This is NVIDIA. NVIDIA is a gap up or was a gap up today, okay? We actually went long NVIDIA. So we did NVIDIA here. This was a call, okay? Again, this was another option because this is kind of expensive. What happened in NVIDIA? On Friday, the shop closed at 426.92, boom. Open in the morning at 429.98. So it gapped up and I called calls in this in the options newsletter and it ran up. So this would have been a long. So this was a bullish gap that I raided that was gonna move higher and it did. So why trade gaps? And again, that is the topic for today. Going to go to another one here. Chart of target. Why trade gaps? You train gaps because gaps can have large moves with momentum. And whether you're trading with beginner size or medium size or big size or no matter how much risk you're putting up for trade, no matter if you're doing options, no matter if you're doing day trades, no matter what. When you are trading, the whole point is as an individual trader that you need to get momentum because if you don't get momentum, it's gonna be very difficult for you to make money where you have winners that win. And the winners also cover the losers because nobody has 100% win ratio. So you need to be ahead after all the trades, winners covering the losers, and then the winner still getting you ahead with some big moves, okay? And any questions as I'm going along here, let me know, okay? So getting back to again, why trade gaps because they have momentum, because they have momentum. And I'm gonna specifically go over this target and we're gonna look at a live gap tonight as well, but momentum can go up, momentum can go down. Again, for those of you that don't know me, I prefer to short, but I will go long, like we went long in the video. So we'll look at that chart again here, but momentum is the reason to train gaps because if you get a big move, that can really pay you. And again, in the case of options, you can hold an option for several hours or several days. I'm doing the weeklies, so I'm usually holding them if I'm holding them a day or two or so. If you're doing a day trade, momentum could be still a big move within the first five, 10, 15, 30 minutes of the day. Okay? So the whole purpose of trading is to make money. You need to make money in more trades than you lose, but you also have to have some big winners, some big movers, some trades that have big momentum that you can really make the biggest bang for your buck because you need them to cover the trades that lose. Okay? Anyways, again, why trade gaps because of momentum? So we did this gap. Well, let's just go back all the way over here. This was target. So we're going back to May. 522 and May, this was target. Target closed here, gap down. So if you traded this, okay, just showing you an example of momentum, in this case here, this is a momentum to the downside, the stock was at 150, boom. Again, you could have done day trades in this, you could have done a swing trade in this, you could have done puts in this at various strike points, but all the way down within a two-wing period, the stock dropped like almost 25 points. That's momentum, that's a really good move. Again, if you're in the right side of it, which you would have had to be short, okay, short as a day trade, short as swing trades or inputs as options, that is a really good move for something to the downside. Again, each bar is about a medium-sized bar, but nice follow-through there in the target. Now, actually let me show you another one here that we did, this was a little bit ago, but this had nice follow-through to the downside too. We haven't done this for a while, but we did do this over here. This was back in May to PayPal. Again, why trade gaps? Because of momentum. So this closed up here at 75.52. Gap down here opened at 69.53. Everyone see this? So this is again, five nine, okay. One, two, three, four, five, six. So we're up here, around $69 and change, fell all the way down to 60 some bucks. Again, nine points. And again, the whole point is it's momentum whether you play it for one day momentum or whether you play it for consecutive days for momentum. Again, as a swing trade or an option, in this case here, this is PayPal, this would have been a put, okay, this would have been a put. So again, momentum is the main reason to trade gas because you can get big momentum. Again, you can get momentum to the upside or the downside, but the benefit of having momentum behind you means you take the trade, the momentum carries you through. You don't have to think about it. You don't have to stress out about it. Again, going back to the BA, which I did today, actually, I'll just put this up here. BA is down a little bit here tonight after hours. If you did, I called the 215 puts in BA. So it ran down almost three points through the strike. The trade was up today. You could've get out of it today and book money had been done. You could still be in the trade. You could still be in it. So again, when you have momentum on your side in the trade, you can make money. And it's a lot less stressful because whether you get out of half into the first move, hold the second move with the other position, get out of the whole thing quickly, hold the whole thing, whatever, you have flexibility because the momentum's already through it. Like there's very little chance. I'd say no chance that this stock will be up tomorrow morning, anywhere up, reversing through the strike that I call this today. Whether this opens a little bit higher than it closed or something like that, this stock is not gonna open tomorrow at 215. Remember, I called the 215 puts. So it's like, again, you wanna book money quick. You could've done a shake it out, boom, done. Call it a day. I see the momentum. Nira's asking me, where do I see the momentum? I see the momentum in the morning when I am rating the gap, when I'm going through my process of rating the gap, going through the 26 points. So I developed 26 points to look at a gap each morning to determine if it will have a follow through move in the direction of the gap and if it will have momentum too. If I rate that gap and it rates 20 points or more, then I go with it. The rule is 20 points or more. I take it as a trade. If it sets up on a live day, after 9.30, I'm not trading the pre-market as an option or a day trade or both. If it rates 20 points or more, I do it in the direction of the gap. If it does not rate per my system 20 points or more, then I don't do it at all. I don't reverse it. Like I won't go long BA. Like if BA had rated 10 points, that would have been a horrible rating. I would not have gone long BA then. So I never reverse it. But the system is there to apply the methodology so that I will see the momentum ahead of time so that I can, in fact, watch that stock, whatever that stock happens to be. In this case here, it's BA, okay? So I watched BA and then I saw the momentum coming into the BA and we did the trade. But I rated it in the morning ahead of time, okay? So I'm seeing the momentum in the pre-market. I apologize that my phone is ringing, but I'm not gonna get it while we're talking here, but I apologize. Any other questions here before I keep talking? Sorry, my phone keeps ringing. Okay, there it stopped. Any other questions here before I get to the next thing I wanted to say? So I see the momentum in the morning in the pre-market when I'm rating the gap. No, I am not only doing options. I am doing options and I am doing day trades. Now, why am I doing both? First of all, there are benefits. If you wanna talk about options and day trades, there are pros and cons for both. If you've done both, you know what they are. But if you never have, then we'll go over it. One of the pros of doing options or the benefits of doing options is that I can hold a move overnight. I'm never gonna do that in a day trade. So say I take a day trade. Say if I had done BA, I didn't. I didn't do this as a day trade. We did target today as a day trade short, but I did BA as a put. But let's just say I had shorted this as a day trade and I wasn't up money. In fact, let's say I was down money. I wouldn't have held the trade into the next day. I would have got out of it, I would have lost in it, I would have been done. If I take an option, say I take an option expires Friday, I'm doing the weeklies. If I took the trade and I was down in the trade in the option, I would hold it. I would give it a chance to work. I rated the gap, I liked the gap, I take the trade and put the position on. I wouldn't kill it with a loss, I would hold it. So the benefit of doing options is you can hold trades overnight. You can give them time to work. You can give them a little cushion. You can also take a trade that is up, that's working the second you do it and you can hold it for a larger move overnight as an option. So one of the benefits of doing options is that you can hold trades overnight. You can't do that with day trades or you shouldn't do that with day trades because day trades, if you're holding them overnight are gonna go to revert to cash or two to one margin depending on your broker rules or how you have the account set up. And you're at, you really have unlimited risk because you have no stop in when you do a day trade and you hold it overnight. When you do an option, one of the other benefits is not only to hold it overnight, but you have a fixed risk. So if you risk a thousand dollars in an option, the most you can lose even if the trade goes upside down is a thousand dollars. Now, why do I like day trades? Which I do, we shorted target today, it worked. I like day trades because I can then get in and out quick and fast and I can take several thousand shares in a position. Again, it's on margin, it's on margin, but I can get in and out quickly, quickly, quickly. And so the benefit of that is that I can make money very fast, very quick in three, four, five, six, seven, 10 minutes and book the money. And I don't have to worry about anything else. I don't have to worry about if it continues the next day, if it continues the next week, whatever. And I'll go over the trade we did in target here today, but as far as day trades, I always know where I am by the end of the day by four o'clock in a day trade. I may not always know where I am in an option, so I may take an option and go to bed and I could be down in it. Whereas if I take a day trade, and I know if I made money or if I lost money, again, I know by four where I am. So I have an opportunity for different reasons to do different things with both. Makes sense? And I do like both. What about futures? I've never traded futures because I don't really have any desire to trade futures or need to trade futures. I will short the market. QQQ's in the spot. Basically, if we're trading the futures, we're trading what I call the market, which is a market, I trade the market ETFs. So there's no benefit to trading futures. And one of the reasons that people like futures is because you can trade futures with a very, very small account. I don't see that as a positive for people. I get it, people want to trade with limited funds, but again, you could open up an options account with as little as $2,000. In my opinion, if you have less than $2,000, you really shouldn't be trading. You really shouldn't be trading because you can't afford to lose. If you have $500 and you open up an account, you can't afford to lose at all. That's all you have. If that's all you can put in the account. So people trade futures because of the types of accounts you can have with smaller funds. I do not think that is a good enough reason to trade futures. I'm trading the market. I'm trading the market ETFs. I'm doing them as options. I'm doing this as a day trade. So my ability to read gaps and the market gaps a lot is I read the gap, I rate the gap and then I make trading decisions based on the market ETFs if I want to do options or puts in them and I can make so much more than you'd ever make in futures if I get the direction right. Again, based on the momentum. So for me, it's, I think people burn through their accounts and burn through their futures accounts fast and quick and just burn through money. Not that people can't lose as day trading or doing options that people can but I think people just burn through money so fast that really can't afford it in futures and I think people are just better off waiting until they've saved enough money to open, for example, a small options account. Now we're getting the benefit of the opportunity here of looking at a live gap that's happening right now. This gap is in FDX, FDX had earnings out tonight. So this fell all the way down at one point. It was gapping down, this is a live gap. It was down at 2.1421, about a half an hour ago, four o'clock. Now it's not. Now it's a 2.25 and change. So this is a live gap that's happening. That's actually gapping down, okay? So again, I'm not gonna rate this tonight. I'm not even gonna look at this tonight because you can see right now the gyrations of this are huge, why? So this was at here, like 20 minutes ago. Now it's here, you know, 2.25-2.24. It's still down, but I have no idea where this is gonna be tomorrow morning, but this is definitely gonna gap tomorrow for sure. It could flip, it could end up gapping up tomorrow. I don't know. Again, they're talking, the earnings are reporting right now. It could change between now and tomorrow morning. It could change between now and, you know, five o'clock. But this is a live gap that's happening and the gap is happening on earnings and this is FDX. So tomorrow morning I will get up and if FDX is gapping down, I will rate it for my system. If FDX is gapping up, I will rate it for my system. So again, why do I like, hold on one second, why do I like gaps because they have momentum, okay, and you can get big moves, but I'm waiting until the morning to go over the gap, to review the gap, to rate the gap, and then I wait till the live day to trade it. But a stock like this FDX, again, I don't know if we're gonna go long this or we're gonna short it, but a stock like this can move 10, 15, 20 points in a day. So again, how do you make money trading momentum? Again, if you get the momentum right in FDX tomorrow, you will make money because the stock will move. It will have a large move. Again, I don't know if it's gonna be up or down. I don't know if this is gonna rate good as a gap down. Right now it's gapping down. I don't know if it's gonna hold the gap down too early to call. But I'm telling you that the benefit of trading gaps is that you get big moves. You gotta get the direction right, but you gotta get the direction right in anything you do. Now I'm just gonna show you this bar over here. This is a nice big fat bar here. It's about $8 or so, $6.15. You see that? That was last week, Thursday for FDX. So again, when you're looking to do something, finding momentum makes it so much more easier to trade because otherwise you have to take an exorbitant amount of size if something only moves 10, 15, 20 cents. One of the reasons I don't trade penny stocks is because you have to take way too much size to make money in them. They don't have big moves and you don't have institutional money or hedge funds trading them and they can get halted many, many times and the price points are way too cheap, way too small and the volume isn't there. So everything we trade, again, the options too, we're trading stocks with volume or the market ETFs that have volume as well. Now there was another earnings out tonight, Lazy Boy. Let's see what this is doing right now. So Lazy Boy is gapping down, it looks like. It's at 26.35. Again, 26.35, 26.74. If everyone see this, that's Lazy Boy right now at 4.29 Eastern. So I will get up tomorrow morning, I will rate Lazy Boy. Do I wanna short this? Is it gonna move down in the direction of the gap or is it gonna flip? Again, if I rate something for my system and it doesn't rate good enough to short, I don't flip it and go long. If I'm rating it as a bullish gap up to continue to the higher side, I don't flip it if it doesn't rate good too short. Any questions so far? You can look at gaps in any timeframe near. I haven't thought, you can look at gaps in any timeframe, you can see a gap on any timeframe on any chart. You could just see the gap on the level too, okay? But I use the daily to rate the gap. But you can see them on every single timeframe or anyone that you wanna set up. The beauty of my system is that I'm taking the entries on the one minute chart. And so I'm really honing down the minutia of what I'm doing for the day trades and the options by trying to take very precise entries to get in and get out fast. In fact, we were talking about targets, so let's go to that today since this was a day trade. So again, what happened to target today? A gap down. Stop closed up here, 133.81, boom. Again, that was Friday, today is Tuesday. Open at 132.77. Rallyed fell. We shorted it, we got in, got the drop, got out. Again, again, a day trade is a trade where you're in and out and you're trading the stock on margin. If you want to, you can also trade the stock. Again, if you wanted a short target, you could buy a put in this. Now, I don't day trade, options were a minute out of options in five minutes. I'm usually looking for a larger moving options. This did continue, came all the way down. Looks like it went to 131.42 and then it bounced here later in the afternoon with the market. But for day trades, I'm trying to get in and out quickly. Very, very, very fast, between 9.30 and 10. Five minutes, 10 minutes, 15 minutes. So again, what is a benefit of doing day trades? We're talking about the benefit of options is that you can get in and out quick. You can make $500, $1,000, $2,000, really, really quick, you're in and out. And again, the whole idea of margin is that you're borrowing, the buying power is giving you that cost position, that's the whole point of having a brokerage account. They're giving you four to one as a retail account or 10 to one as a prop account. So you don't need the full cost cash of the position to take a position in something like Target, which is not crazy expensive, but it's over $100 a share. So you don't need $132,000 in cash to take 1,000 shares of Target. You get four to one margin at a retail broker. So again, if you have limited funds and you like options or you're doing other things and you can't be in the room trading the morning, quick trades in and out, options are good because you could put the trade on, then put it in immediate sell order. And if the trade goes, put the sell order if you pay a dollar, put a sell order at a buck 50, it'll get you out, you would have made 50% or put it at two, if you can't watch it, if you're working or doing something else during the day. If you can watch it, you look for the targets, you watch what's going on in the stock, you watch the market. If you can day trade, I say do the day trades and do the options. The benefit of the day trades is I'm calling the trades live in the room like Target, I'm calling the entry, the stop, exactly in live time and the exit with the options or newsletters that come to your inbox. Now, some people like that, they like it coming to their email directly, some people like the room. So it's whatever works for you but I do think the benefit of having the live mentoring in the room is important even if you're just doing the options. Some people are in the room and they're only doing options but they're there every day because they wanna hear what I have to say about the market, what stocks we're doing, looking at targets and so on and so forth. Now this target bounce today, just pull up the spy because the market bounced so you saw how the target fell, this spy bounced because of Tesla was rallying and the target bounced because the spy bounced in the afternoon. Target would have kept falling but the spy wouldn't have bounced and the spy bounced because of Tesla. Now I did not go long this but this flew up today. You could have gone long this today. It actually gapped up here today. I wasn't on my radar to do this as a long. Again, we did other things today but this did go up today, 277.63. It had a big move. Zach, let me blow up this chart and look at this quickly. Any questions why anyone else is listening to me talk here? So the whole point that I'm trying to get across, let's go back to BA is why trade gaps because you can get momentum. How you choose to trade the momentum to capture the profit of the momentum, whether a day trade or a swing trade or an option is up to you. How do I find which gap is going to get the momentum and is gonna follow through in the direction of the gap? I rate it in the morning in the pre-market and that is what I teach in the class. Again, I also teach in the class, the entries and the exits. I think in this market, and by this market I mean 2023, it's been a challenging market for people to find momentum because for weeks and weeks and weeks and weeks, the market was in a sideways range and the things were chopping. So we're in another area for the market going into July 4th weekend in two weeks or whatever it is. Coming out of that, we have earnings season for the third quarter in your earnings season for 2023 and stock to report their earnings. There's gonna be a lot of things that affect the market going into earnings season. So the Fed pretty much put it out there. They're gonna raise rates a half a point between now and the end of the year. If they end up doing more, that could be problematic for the market. What if another bank fails? That could be problematic for the market. If none of those things happen, if all is well on the front and everything seems to be going great, the market could go up and make new highs. I truly don't believe that's gonna happen, but I could be wrong because I didn't think the market would rally as much as it did the last six weeks. So again, long-term, if you wanna look at long-term, you look at long-term for your retirement account or your investment account, long-term swing trades or things you wanna be invested in, the type of trading that I do is short and quick and fast. Even the options that we're doing. A week is quick, a week is fast. So you really don't need to be worried about, is the market gonna make a new high before the end of 2023? Is the market gonna fall again into this area? And break the 2022, you don't need to be worried about that if you're an active trader. What your goal should be is making money as often as you can and taking the amount of money you have in your trading account and turning it over and over and over and over. The idea is what I call chunking it out. You chunk it out, you chunk it out. And far too many people like, and again, I've been teaching people how to train my method specifically for 11 years now. It's just hard to believe it's crazy, it's been this long, but you know, people go through the ringer, they take classes, they don't learn anything, they trade, they lose money, and then they wanna have a big trade where they can make all their money back when they ever lost in something. If you're down for the year, if you're down for the last five years trading the market, you never made it done. You're just losing, maybe not losing every day, but you make money, lose money, make money, lose money by the end of each year, you're writing off and your taxes are down. You know, if that's you, you have to just sort of like wipe the slate clean with trading. Like when you come to me and if you wanna learn my method and you wanna take my class this weekend and do it, you just wipe the slate clean and say, I'm moving forward from this point forward and you chip it back because it's, you know, I wouldn't say it's impossible, but it's highly unlikely that if you've lost 50 grand trading in the last five years or 10 years or if you've lost 20 grand trading in the last six months, whatever your risk is, however long you've been doing this, it's highly unlikely. You're just gonna have one huge trade or two huge trades that's gonna make everything back that's gonna put you at that even or get you back around again positive whatever investment you've made in the stock market or in trading or courses or anything else. You have to chunk it out. You have to chip it back. And if that means getting out of trades quickly with profits, you know, fast, then that's what you have to do. Like if I have a bad day or even if I have a bad week, you know, if I trade, if I find on the wrong side of the market with options, I may lose an options for the week. I may make money day trading, but I may lose an options for the week if I'm on the wrong side of the market if it did something I didn't expect. And say I have a losing week. The next week then I go into the next week to chip it back. Take a trade, book the money, get out. Take another trade, book the money, get out. Take it, book it, take it, book it, chip it back. That's the best way you can always handle it whenever you're having a bad day or a bad week. And if you're someone that's, like I said, been unsuccessful trading where you've had a string of bad years or months trading the market that you just really never figured it out, your number one goal should be to just move forward and just start being positive and chipping it back. And I'd say set some goals for yourself then between now and January 1st, 2024, you know, that in the next six months, you wanna make this much money and then all of a sudden you're there. And then you can refocus and reset some new goals for 2024 for next year. Again, it's the, piggy targets are great. Momentum is in every trade is a piggy target. Don't get confused. Momentum is BA work today. We made money in the trade. Again, you could have got out, you could still be in it, it really doesn't matter because this isn't gonna reverse tomorrow. In any way, on the open, that's gonna screw up the trade. In other words, you will have time at 9.30 even if this is gapping up tomorrow to make a decision to get out of this trade with profit, in my opinion, most likely, if you didn't get out today. Or it could be up more tomorrow. Could be opening at 2.10 tomorrow morning. Market could be down tomorrow, who knows. But this is momentum, an example of momentum and the reason to trade gaps. This is not a piggy target. A piggy target, if you did the 215 puts in BA, a piggy would be 206, 205 between now and the end of the week. Today is only Tuesday. You have Wednesday, Thursday, Friday. You have three more days left in the week and the Fed talks or testifies, Fed term on power testifies for Congress Wednesday and Thursday. So guess what? We could have a lot of volatility the next two days. So a piggy target is seven, eight, 10 more points down or 10 points through the strike, which would be 205 from the 215 number. Every trade isn't gonna go like that, that you take with me, this could, okay. But don't get confused with piggy targets and momentum. And getting back to what I was saying, a lot of people want piggy targets when they're losing in trades, they're so desperate to make money and then they just hold things too long. Does that make sense? Any other questions here right now? Go back and look at this here. So again, I didn't have anything pre-planned today, like a PowerPoint. I wanted to just have a free-flowing discussion here about gaps and answer questions. And here as we're looking at this, it's just interesting. So we've been talking about the FDX, this is a live gap, it's still gaping down, but look, even now it's rising, it's rising. So it was a 214, then it was a 215, then it was a 224, 225, now it's a 226. So you see, again, you're not doing anything with this right now. You're not trading the post-market, you're not trading the pre-market, you're just wading it through. We may not trade this at all. I don't know. Might be something better tomorrow. But I will for sure wait until tomorrow to raid it. So again, I'm taking the trades on the one minute chart, honing it down the minutia to get a position to make sure it triggers. But I'm raiding the gap on the daily, but you can look at any timeframe that you want to see the gap near because it is on every timeframe, as you're seeing right now. This is gapping down everywhere. It's gapping down, it's just FDX. It's down at the moment. But it's lifting from where it was originally down. I think a lot of people want to go with the market. And when that works, it's great. If the market's trending up, which has been for the last couple of weeks, like I said, everything's great, everything's fine. You just go long. If it's trending down, like it did a lot in 2022, you're short, short, short, short, short the world, everything's great, everything's fine, you're making money. It's rare that things continue to follow through. And even when they do, it's rare that they do forever. So that's the bugaboo for traders. For me, I'm looking for specific stocks to trade. Yes, sometimes I will trade the market. Yes, sometimes I will trade the QQQs or the spy or the diamonds. Sometimes I'll do the market ETFs for puts or options or day trades, but I'm really mostly doing stocks, like FDX, like Target, like PayPal. We did Mew, things like that that I don't need to worry about the market or even NVIDIA. NVIDIA worked today and that would have worked anyways. I do not use an automatic scanner, no. I did pay for a scanner long time ago. It was a hundred bucks a month, I canceled it. I felt like it was a waste of money and it was overlap. Finding stocks that are gapping is not hard. It's qualifying them that takes the nuances and the understanding and the education to learn how I'm doing it and then applying that method daily. And I am doing that manually. So I'm manually scanning and I'm manually rating them, but you can pay for a scanner if you want. But again, you can't short every gap down and you can't go long every gap up. And I gotta be honest with you, writing or now just looking off the cuff here without going through anything else, again, because this is gonna change. At 226, this FDX, I'm not crazy about this here. I'm not crazy about this here at all. I liked it a lot better earlier. It's gonna say something else now and I forget. Any other questions? So I mean, be careful out there people. Be careful if you're trading, do the right thing. If you're not sure of something, if something's a 50, 50, I would pass. I would pass on the trade. Do not risk more than you can afford to lose. Make sure you use stocks in your trades, okay? And if you'd like a trial to the live trading room, if you're interested in the class this weekend, you can email me at melissa at thestockswish.com and if you're interested in the trial to the live room, I can send you a trial for Wednesday, Thursday, Friday before the class. Some of you are new. Some of you I don't recognize that are here. Any other questions? It's important, I'll say this one last thing I'll let everybody go. It's really important to have a strategy and buying support and shorting resistance is not a strategy. It's something that you can use to help you take trade setups, okay? But that is not a strategy to trade. They work in trendy market periods. But again, that doesn't last long and is rare. And when something turns against you, then it can happen like that. The live trading room is open to subscribe as a member for people who have taken the Golden Gap course. Once you've taken the class, the room is $500 a month or $39.99 a year, but you must take the class first to join the room. Sometimes I do specials where I give the room membership free for a period of time with the class, which I am doing this week until Friday. I'm doing the Hawks special, which includes the trading room and the Gap Options newsletter to the end of 2023 for free with the class and also five mentoring sessions for one hour, which is really actually beneficial. The Golden Gap class is $69.99. Here, you can go to the website. Everything's right on there. Oops, sorry, I didn't put it in the wrong. The class is $69.99. The promotion that I have is, if you sign up for the class, which is Saturday and Sunday, 9 a.m. to 5 p.m. Eastern time, by Friday, June 23rd, which you'd have to, because the class is Saturday and Sunday, you get the trading room free to the end of 2023 and the Gap Options newsletter free to the end of 2023 and you also get five one-hour mentoring sessions. Now, since Nier is asking about the special, hold on one second. I will show you, we'll go over this trade that we did today, just so you know, because the options are a newsletter which get emailed to you. So let me show you what one of them looks like from today. One may as well show you the BA. One may as well show you the BA. Let's see if there's a way that I can move this over. Hold on one second, because I want to pull this up, this BA and show you what a newsletter is. Can you see it now? Everybody let me know if you can see the BA. This was the newsletter I sent out today. I'm just showing you the format, what they look like. So the symbol is always at the top, which is BA. Then you have the strike. We already were talking about the BA was the 215s. The expiration date is on here too. And we did some trades out for next week, but this I thought would move pretty fast and it did. Today is Tuesday. So this is, you know, this is tight, but it went, luckily. 6.23 is Friday. Now you could have done it out, if you wanted to, some people do them out longer. If you wanted to do it out for another week, you could have done that. You would have paid a little bit more. Anyways, I always put the strike, the expiration date, the type is call or put. So you know what you're doing. You also will know, obviously, that BA gap down. So we're always taking a trade in the direction of the gap, the BA gap down, therefore you would be doing only a put or nothing at all. So BA gap down, you buy the put. To exit the trade, you would sell the put, which you could have done today into the close, or like I said, you can still be in it. Then I put the support numbers and the resistance. Oh shit, I have, I meant 235 here, how funny. Just see, I made an error there, rushing to get that out. That's supposed to be 235, not 135. I just saw that now. Yeah, nobody, actually nobody noticed it, because usually if I'm rushing to get things out, nobody noticed it though. We'll pull up the BA chart in a minute again. But anyways, that was supposed to be 235. I think that's pretty much self-explanatory. But the 205 that starred, we already talked about the 205, it's the dream target. So like I said, sometimes things will go to the dream target. What was the first target, 212? That's where it went. So again, if you followed the letter today, you could have bought the put, got out at the first target, boom, done, that's it, call it a day. I said 212, I was right, it was a good call. But this is funny, I was rushing to get it out. And it was 205 is the dream target. Now how would BA, what would have to occur for BA to go to the dream target, again, no later than Friday. And preferably before Friday, how would that have to transfer, what would be the transfer, like how would that have to transpire? The market would have to roll over, the market would have to continue down with the BA. So you're not, you know, you're not gonna have the market rallying up in the next three days and BA go to 205. That's just not gonna set up that way. With the market, BA closed today around 212 and change. Of course you could go to 205, it could go to 200 if the market continues lower. I don't know. So again, you could have played this any number of ways today. You could have got in, got out. You could have got in, you could have got out a half, held half. You could have got in, you could have held it for the reason I explained earlier. No chance, no chance. This is gonna be down tomorrow morning. It's not gonna be through the strike up. The stop loss is whatever you choose to risk. So, I'm gonna move this over because I wanna pull up the chart now. The stop loss is your risk, go to the BA. Now again, in a day trade, for example, I put a stop. And again, I'm just making this up. Say I had shorted BA today. If I'd shorted it and put the stop at 216, if I'd had gone over 216, I would have been stopped and I would have lost. I would have been a day trade, say. I'm just making this up. We didn't day trade this, we did the put. A, an option is you choose an amount. Your stop is the cost of the position. So if you're gonna risk $2,000 a trade, you can't lose any more than $2,000 a trade. That's it. So you boom, you put it on and you take the trade. And if you're risking $2,000, you can't lose any more than $2,000. So that is your stop. Now, if you wanna kill it, if it's down 50%, that's a different story. Some people are managing the trades that way. Some people are killing the trades if they're down at 50% if they don't go positive, which this did, okay? But anyways, long story short, some people are doing that. And then if the trade goes on to work, they don't get the trade, but they saved half because if the trade doesn't work, they saved half the trade of loss. Now, I'm not playing them that way. So it's winner or lose for me. I take a trade, I plop it on, I rate the gap. If it works, I get out with profit. If it loses, I'm running into the Friday and it could reverse from the Friday or it could go positive in my direction and then I am up money and then I get out or I lose in the whole thing bust. But that means that the amount that you risk, you better be okay with that risk amount. No, and you could lose it all. But I think you should make that determination before you decide your risk as well. Does that answer your question, Nir? So I'm pretty good, because I said 212, first target. That's where it went. Low of the day was 211.88, bloop. And like I said earlier, I said 205. I didn't remember what I put on the letter. I forgot what I had it in my head. I guess I just looking at the chart, there it is, 205. But again, to get to that 205, we need the market. You know, we need the market. Let's look at the market quick before we go tonight. So let's actually look at the diamonds because the BA, yeah, so this is just kind of messy here. The diamonds are messy, Q's gap down today. Again, no real reason, spy gap down today. Tesla flew though. If Tesla didn't fly today, the spy would have continued lower. For sure, 100%. We were down this morning quite a bit, but you know, when Tesla started rallying, it started lifting everything. But I don't know where we go tomorrow morning. And again, FDX, like I said, even though that's down, this is looking a little bit better here now again. Even though this is down, this isn't what I call a market stock. This isn't like a market stock. And you know what, we didn't look at it. Let's look at the banks. Let's look at the banks here. So getting back to what I was saying, recap, next six months of the year mean what? It's really gonna depend on whether or not a certain things occur. Does the Fed raise rates more than a half a point in the next six months? Does the Fed change course on what they said last week? They already said they're not gonna lower rates. Everybody knows that already. Is another bank gonna fail? We don't know. We don't know. And we're not gonna know until it does for sure. So that's that. Would I say I'm trading more options and stocks for my trades, 70, 30 for options? I never counted. Like I don't know exactly. So I don't know if it's 70, 30, 50, 50 or what. As far as every day, I'm usually doing a day trade. I can tell you that. I'm usually doing one day trade a day. If I get stopped in the first trade, I'll do a second trade. So I might do two. I'm doing more than two trades and probably having a horrible day. As far as options go, I don't do options every day. But it probably all evens out because I may do several options on one day and then maybe I don't do any options for the next two days. So I'm probably trading, I'm probably doing, probably doing more 50, 50 or maybe slightly more options, but only because some of the options are directional with the market that I might do five options trades on one day, which I wouldn't do in a day, five day trades in a day usually. So I might do eight or nine options a week. If it's a busy week, that's not every week. And then I might do only five day trades or something. So I'm probably doing slightly less day trades, but I'm doing day trades more often if that answers your question because I may go one or two or three days without doing any options. So like tomorrow, am I gonna do anything tomorrow? As of now, if FDX is a good gap, I may do FDX tomorrow. If I don't, I'm probably not gonna do any options tomorrow because I'm gonna wait and see what happens with the Fed Wednesday into Thursday. And the only earnings I was looking at was FDX tonight. So that would be the only thing I'd be considering doing an option in tomorrow or nothing. And I already did some things today, so I wanna wait for those things to play out. Do you know what I'm saying? There was something else I was gonna say. We're talking about day trades, we're talking about options. Any other questions? I'll just say this before I let everybody go. One of the biggest challenges I see traders just in general is everybody wants to make money. That's your goal. That should be your goal is to make money and be profitable. But a lot of people are not focused on the right things to do that. They just aren't. So I think that you've gotta kind of get your plan of action in place. The goal is to be profitable. The goal is to make money. How are you going to achieve that goal and accomplish that goal and reach that goal? So you need a plan of action. Step one, step two, step three. I'm big on writing lists. I have stickies, I have notebooks. Whenever I have things to do like I moved a couple months ago I'm still organizing things and decorating and cleaning and like I have a list I gotta do these things and I have a list of things I've been doing ever July 4th holiday and this lists and how are you gonna get this thing done and when are you gonna get this thing done? It's people are just not goal oriented enough in the bigger picture I think to accomplish their goals. They get up in the morning they wanna make money trading but they have no idea how they're gonna do it. They don't have any plan of action in place of how they're gonna do it and it's certainly not going to free lectures or free trading room trials. While that's good for exploration, you're exploring, you're looking for things, you're hunting for facts and information to determine what you think you wanna do. A plan of action is you're going to trade this time of the day. You're gonna risk this much money. You're gonna do this many trades a week. You're gonna do day trades or options or both. You're gonna trade this strategy. You're learn this strategy. You're gonna plan of actions. You're gonna take this class that between now and January 1st you're gonna make this much money or you're gonna double your trading account or whatever like a very specific plan of action is what you need in order to be successful or it doesn't come together. It just doesn't come together. Just getting out and saying, well, I wanna make money. That's great. That should be your goal. You should take it seriously enough to do that but you need a plan of action to get there. Floundering I think is unfortunately what many, many people do. They don't have a plan of action and they flounder around and they never really get there. Did I answer all your questions? If you wanna email me I will send you the details on the special. I don't know if you're on my marketing list or not. If you saw it, it is also on the website. Any other questions from anyone else? Again, some of you I do not recognize so I don't know what you know about what I do and what I don't do and hopefully you learn some things today. Okay, great. Have a wonderful, wonderful, wonderful evening. Sure thing, near email me if you have questions. Have a great night. I will see some of you again, I'm sure and I will talk to you soon. You're welcome.