 Hello there everyone and welcome. This is Melissa Armo with the Stock Swooshing today. I wanted to talk about Conviction. Conviction is something that I think is essential in order to be successful trading and making money. And this market this year of 2022 I think is a good example of that because if you haven't had conviction this year in one directional bias for your trades The market anything any specific stock you're getting killed. The market has been choppy. It's been training in a range I've had a certain Pinpointed area that I've been watching myself But the overall thing is you can't have conviction in something that's going to fall and rally at the same time And that is a big mistake the traders make in other words They'll take a trade it goes in one direction. They kill it they flip it They do in the opposite direction ultimately they end up losing then doing that that's no conviction You you look at something you analyze it You should have a reason and a strategy that you use to apply to analyze something to determine if you want to take a trade long Or short you apply that information. That's what I do with my golden gap rating system I rate it apply the information use the system And then that is the reason that I decide to take the trade long or short But either way you can't flip-flop and I think right now people are flip-flop flip-flop flip-flop and the ultimately they're losing and they're just chopping up their accounts and so it's been one of these markets where again I think you need conviction all the time to trade But it's been really one of these markets where you have to have conviction or to trade if you don't have Conviction you should be not trading at all And if you want to learn how to get conviction then you can take my class you can learn from me because I definitely teach people how And why to have conviction is something and I think that's something that people lack and they need in any market But really in this market. I mean again, this is just this today tomorrow and Friday and the whole last two weeks is a great example of this But I could go back like I said since the beginning of the year and give many specific examples of this as well You've got to have conviction if you're risking your own money You should not be trading if you don't understand what you're doing trading is not gambling It is not something that you can take lightly you must be serious about what you're doing It doesn't mean it's not fun. We have fun making money as fun We have fun in the trading room, but I'm serious about what I'm doing and we have to stay focused And there has to be a reason Again why we're doing something you apply the system and you take it and you set your risk and you let It play out and that's what we've been doing really since since I ever started the business But I think this year really is a good example where people have got to have conviction or they're not going to be able to be profitable They're not going to make money if they don't have conviction and you're going to see this and it's going to continue It's going to continue the shop is going to continue This is not over and I can't wait to see what happens going into earnings season Which starts about a month and then a lot of big stocks and aims are going to report and again That's a long time away from now for the market to really see where the markets out by now All of these things that we've been dealing with right now this news this inflation oil prices All these things are going to continue to affect the market for the rest of 2022 It's going to mean great trading good trading lots of trading longs and shorts But you have to know what to do when you decide if you want to trade and risk money in a position If you'd like to learn what I know you can email me and Melissa at the stocks wish calm I teach a class once a month the next class for March and the last class for this month is March 26 27th tomorrow is a deadline to sign up email me if you'd like more information. Have a great day