 everyone and welcome. This is Melissa Armo with the Stock Swoosh and today I just wanted to talk to you briefly about gaps. A lot of people probably don't know exactly what I do every day, but the only thing that I do and exactly what I do and I don't do anything else is I get up in the morning and I look at stocks that are gapping. Now, what is a gap? A gap is the difference between the close and the open. I'm very good at reading gaps and I'm very good at predicting where a stock is going to go based on the gap. What do I mean? Is it going to move higher or lower? If you know a stock is going to move higher and you go long and then buy it before the move happens when it moves up, you can make money. If you know a stock is going to get sold off or move lower, then you can short it and you can make money on the drop. So it's very advantageous to know the direction that a stock is going to go, whether up or down, before the move happens. And so that's why I'm looking at the gap and rating the gap in the method that I do, which is looking at 26 points in the daily chart, is advantageous because it is like giving me a window into the future where the stock is going to go. And it's very interesting. I was talking about this with Gyro, who's my assistant in the trading room today, because I was frustrated about something today that didn't go right out of the gate that I wanted it to. And when we got into a whole conversation about it, but it ended up going then the right way that I wanted it to later in the day. And I thought to myself, you know, if I could take full positions, you know, full cash positions, not on margin overnight positions in every single solitary thing that I've ever, ever done, not options where I have to worry about the timing, not day trades where I have to be out flat by the end of the day. Just if I just swing traded, bought and sold every single thing, a cash, you know, that I ever rated ever, you know, my win ratio is probably like 99.9% or it might even be 100%. But, you know, I have to think of my risk assessment. I have to think of, you know, my timing. There is timing associated with options. And obviously there's timing associated with day trades because I've got to be flat by four. But it's very interesting. Like the percentage of win ratio that I probably have, again, I've never gone back and tracked it because this isn't how I trade. I don't do swing trades every day and everything I do. But if I did, it probably is very close to 100% or as perfect as anyone could get. So, you know, we had this whole conversation because of a stock that we were looking at this morning in the gap. So, you know, it's extremely, extremely advantageous to know where something's going to go. The tricky part is getting the timing right, too. I do get the timing right a lot in my day trades and options. But sometimes things don't work in the exact time that I want. And I might have to do what's called a retake, okay? A retake is you take a trade, you take a stop, and then you retake it. And that is what I do sometimes, but you have to do it with the same risks. For example, if you take a trade and you risk $500 and you get stopped and you lose $500, you have to take the next trade and a retake if you want to do it with the same risk of $500. So, you can cover the loss from the first trade and then make money on the second trade. Anyways, getting back to what I was saying about what I do with gaps and everything else, it's just so interesting to me. And it's something that I really never took the time in the last, you know, 10 years to go back and really track every single thing that I've done. But one of these months, I'm just going to do it. I'm just going to do it for a week or a month, just to see, because I usually don't go back to look at anything from the prior day. Whether I wanted it lost today, I usually don't go back in time to look at it. And I'm really thinking that I should do that for a period of time. Again, whether it's one month or two months or two weeks, I really have to block out the time of my life because my reigning system is so accurate, is such a high, high level of accuracy that I really would be interested to know what it really would be if I just took every position as it is, as just a full position, you know. It's something definitely for me to think about for myself long term and also for long term investing and swing trading and really just for wealth building, you know, into the future. So, that's one of the reasons why I've read the market so well, particularly, particularly even this year in 2021 is because I'm reading the gaps in the market. And when I say the market, I mean the spy and the QQQs, those are the two that I watched, those are the two that I've been watching. I sometimes look at the diamonds, which is a DIA for the symbol, but not all the time because there's not that many stocks in that. And I think Boeing affects that too much. Anyways, it's been an interesting period. Email me if you're interested in the class. My email is Melissa at thestockswish.com. Again, I teach people my method on rating gaps. And if you're interested in more questions, shoot me an email or call me at 929-3200GAP. Have a good day.