 Okay, totally fine. I can hear you well and I can see what you're trying to show us. So I'll go ahead and get out of your way and I'll let you take over now. Thank you so much. Thanks for having me, Jeff. Welcome everyone. What a great day to be here. What a great day to train, which of course today is what? Today is a leap day. You get one extra day to train, one extra day to make money and one extra day of life. So I'm looking forward this afternoon actually to go out, enjoy Central Park. I live in New York. For those of you who don't know me, my name is Melissa Armell and I own my own company called the Stock Swoosh and as Jeff said, I trade gaps. I specifically trade momentum and gaps and I do prefer it to short, although ironically we did go long today. The market gapped up today on some economic data this morning and we went long. But I appear on TV, I talk about the stock market, I talk about economic data that comes out in news and of course many things that affect the overall market moves like we're happening today. If you have questions after the presentation today, you can always email me at Melissa at thestockswoosh.com. You can follow me on Twitter, Facebook, YouTube or Skype or you can call me at 929-3200 Gap. Probably the best place to follow me is YouTube where I put a lot of videos. I put trading room videos on their webinars and I also put some interesting videos about New York. So we're into already almost, tomorrow is officially March 1st, the third month of 2024. Hard to believe, two months of the year is already gone and it's a good time to reassess and think about where you are for the year. I'm very goal-oriented, I'm a very goal-oriented person. I set goals for myself, daily goals, weekly goals, monthly goals, annual goals. Sometimes it's very challenging for traders, particularly if traders are losing money, to think in their mind about making 200 grand a year or whatever trading. They can't seem to quite grasp that concept if they're losing, especially if people are losing for a very long time. So think about it in bits and chunks and I say chunking it out. How are you going to do this week? How much money do you want to make tomorrow? And again, it's a good time to look at what you're doing so far this year for the first two months of the year. Think about it, are you on track for the year? Because if you're not, you've got plenty of time left in the year, 10 more months to get on track to do something different, to do something new. So I put the stats in here, I run a live trading room where I do trades on margin. Most of my trades are actually shorts, okay? So far for the year, year to date, we're up 229,059, this is through the 26th. Now today, I actually, like I said, went long. We actually went long Amazon today. I still like Amazon higher and I also called an options trade in Amazon. These are stats for the year so far in options, 618,645. So, so far this year it's been a really strong start to the year. Why? The markets had a lot of momentum. The markets had a lot of volatility and stocks have specifically as well. So our year to date totals for day trades and options, again, you could do one, you could do the other, I do both. It's totally up to you. But 847,704 year to date. Now I risk more money, I will tell you in my options. And the reason I do that is because I want to be able to trade certain stocks like NVIDIA. We were in NVIDIA calls actually right now and I believe that NVIDIA is higher and NVIDIA is kind of expensive to trade as an option, but still way, way cheaper to trade as an option than it is to do as a day trade based on the price point. So one of the reasons people love to trade options and that includes being is you can take a trade and hold it overnight with a fixed risk. And we will talk a little bit about options later. So you can capture the momentum with a fixed risk and also the benefit of doing options. You can capture the overnight move in a gap. And again, that's what we're going to talk about today. So just start out just to set the tone here. You know, I do these webinars, I do these lectures. I'm always excited to come and talk to Jeff's people. But it's really, really important when you're listening to all the lectures this week, when you're listening to people talk today, when you're trading, when you're sitting down and deciding what to do with your cash or even to sign up for a class like mine or somebody else's. You need to think about what you're doing. You need your brain, okay? So you need to keep your brain healthy. You need to think about what you're doing when you're trading. And again, I always say I can be perfect for 30 minutes a day, one hour a day. I focus on the morning. The morning part of my day involves trading between 9.30 and 10 a.m., maybe until 10.30. But usually the first 30 minutes of the day are in and out and done. And so I'm extremely focused within that 30 minutes of the day. Far too many people when they're trading. And again, today's a good day to talk about this because the market gapped up today, rallying, flirting with the highs then dropped. So many people look at things, make choices based on fear or basically gamble in the market and don't really think through what they're doing. So you need your brain to trade. You need to think things through when you're trading in order to make money and in order to be successful. And this is whether or not you make, you know, $1,000 a week or $10,000 a week, you have to think through what you're doing. So how do you make money in the market? Sounds like, oh, well, you know, everyone's trying to do this. How do you do it? It's really not that complicated when you break down the philosophy of how, how, the how is what? You determine who is in control. If you can determine who is in control of a stock or the market, you can get into position in the correct direction to profit. In other words, if the bulls are in control, you want to be long. If the bears are in control, guess what? You want to be short. Because the only way you're going to make money if a stock is rallying is if you go long. And the only way you're going to make money if a stock is falling is if you're short. You're not going to make money if you're against what's going on, okay? So you have to look at the control side of it. And this is often where it frustrates people because today's a good example of this because the market whipped around today. If you were in calls, for example, today, if you were in longs, you would stay, you would stay with them. You would stay with them. You would get 100% conviction. If you shorted, which I don't know why you would, and we didn't short today, but again, if you shorted, you would have to have a reason for doing that, which would be what? Now, the market gapped up today. I don't short gap ups. So that's something we're going to talk about a little bit. But the bottom line is, in order to make money in the market, you need to determine who is in control. And then you take a position in that, in that direction of the control. So again, who is in control? This is the one that we did today. This was Amazon. Definitely, definitely, definitely. With Amazon, the bulls are in control. So here we have, again, Amazon closed here, gapped up rallying. So what is a gap? Let's just go over this very specifically because again, I trade momentum and gaps. A gap is a difference between the close and the open. So yesterday, Amazon, this is a daily chart, Amazon closed here at one price and gapped up at another price. Then it rallied and the momentum in Amazon at least this morning, I don't know exactly what it's trading at right now. But the momentum in Amazon this morning was up. Okay. So the bulls were in control. So you would have wanted to go long, which of course we did, we got in, got out. And again, this is still higher anyways. So you could be in calls in this looking to continue up. This stock is getting bought. Now it may be sloshed around here with you overall market at 12, 15 lunch period, but it's neither here nor there. The control, the control this morning if you traded this was in the side of the bulls. This was when we did the other day. This is PANW, who's in control of this. This was the day we did it February 21st. The bears stock closed here, gap down. Again, what is a gap? A gap is a difference between the close and the open. So at four o'clock Eastern time, this stock closed. Okay, this was an earnings gap actually. Then it opened the next day at a price that was lower. Okay, then it fell and it fell big. Huge, got sold off, shorted. And we shorted this. And so again, who is in control here? The bears. Okay. So the only way you would have made money there is what? Shorting. Just like today, the only way to make money in Amazon today would have been to go long. Okay. And specifically we're talking about leaving your brain. You also need a focus. And as I said, my focus is gaps. So the strategy that I do is focused around gaps. So again, what is a gap? A stock gaps with the opening price today is different than the closing price of yesterday's trading. A gap is a break in price action from one day to the next. Simple, right? But how do you determine how to play the gap? Or what exactly is what stocks to do? Many gaps are nothing gaps or what I call nothing burgers. There's nothing to do with them. You can't predict the direction of them. In other words, they're not getting bought. There's no one really in control. Or they're not getting shorted or sold off. There's no one really in control. There's nothing to do with it. And unless you read the market correctly pretty much for the whole entire day, it's going to be difficult for you to make money unless you have a specific stock that is going on its own. Which of course Amazon actually is going on its own to the gap side. And PA and W on the day that we did it was going on its own to the downside. Now here's another one we did. Again, what is a gap? A gap is a difference between the closing and the opening. So at four o'clock the stock market, there's a little post and pre-market training. And that's where the gap is being created. Now here the Roku closed around 95 and change. Open in the morning here around 77 and change. Open, dropped, fell. Again, this was a short. Now I didn't do a put in this. I didn't do an option. This is what you could have. This actually continued down. Actually, this was a nice overnight if you did it. But I did the Dane trade in this. This was Roku, but this was a short. So how do I determine the control? I have a checklist. It's a 26-point checklist. This is a meat, potatoes, and my strategy. This is how I determine who is in control. Whether or not I want to go long it or short it. But really the reigning system helps me determine who is in control. And that's how I get high odds in my trades and that's how I get the kind of results that I just showed you earlier for the year. Because I'm not looking at everything like a 50-50 crapshoot to the market for my trades. It's challenging for people to do that. Now some people may be having a good year because the market's been in an uptrend this year. It may do highs a bunch of times. Do I think that the sustained rally in the market continues for the rest of 2024? No, I do not. And when the chop happens, whenever that occurs, whenever that is, is what's going to be problematic for people that are doing swing trades or who are going with the market what I do though is momentum trading which like I said earlier is chunking it out where I'm getting in, getting the move, get out. Swing trading or longer term trading where you buy and hold the stock for weeks or months or years is not even the way that I'm doing the options. When I'm doing options I'm taking a weekly option expiration where I'm taking the trade, getting the move and getting out. Like I said, we're in a video, so we buy a call, it has one week to go in a day, boom, we get in, get the move, get out. Okay? Now I was talking about the live room I call the PANW in the live room. So the trades I do in the room are trades on margin so this is effectively day trading. Now people that don't understand margin you need to research it. You can open up a prop account and get 10 to 1 margin. You can open up a retail account and get 4 to 1 margin. Every trader, every professional trader trades with margin and I use stops out in several minutes but theoretically you could hold a trade all day if you want to, if it's continuing to go. PANW was a trade that you could have actually held and had the extension here on the day on this particular day. So what happened here? What happened to make the gap? The stock had earnings and for whatever reason, again I'm not worried about fundamentals of it but for whatever reason the stock got down and it tanked, it absolutely kabooms, so we shorted it. Entry was $270. 600 shares was a $3,720 risk. You can risk less but this was an advanced trader risk with an exit of 261. It came all the way down, I think it got to 260 or close to that. Profit was $5,460. This isn't a day trade and this is a trade that you would have needed a margin account to do. This is a smaller risk or what I would say a beginner risk you could have risked less, you could have taken 100 shares. A risk of 1240 again you could have made 1820. This is a good return on investment or what you would say risk to reward where we're looking to risk one and make one. Sometimes we make a little bit more than one. Sometimes we make a little bit less. Sometimes we make double or triple. But my goal and again I said I'm very goal oriented my goal every day is to try to make one. Take the amount that I'm risking and turn it over into one. And again if you can do that you're going to be profitable. If you can look back on the stats that I showed you at the beginning, there are trades that I take that lose. But I have more winners than losers and the reason I use stops is to control the losers so the losers don't go out of control. So when I lose I lose the one amount that I risk. But again getting back to what I was saying how do I pick the gap how do I know this particular gap is going to drop or fall or this one's going to rally. Again I didn't really like anything from the downside today. I did look for shorts today. I was trying to find a good short today. I found a good short tomorrow. There's a bunch of earnings out tonight and tomorrow morning. But I really liked actually Amazon today. And that has been very strong as I said. But how do I determine which stock I want to trade how do I get the best pick I rate it. I rate the gap. Okay I go through the rating system boom boom boom. And I try to determine whatever stock rates 20 points or more per the 26 point rating system. Now how do you find gaps? Well that's easy. And actually Jeff can help you do that at the end. You find gaps by scanning. Here's a scanner. You just scan them. It's easy to find gaps. It's not easy to necessarily find what ones are going to rate good. I may go through and scan 200 things in the morning. But I only may rate 5. And then I only may like 1 or maybe 2. So on any given day like I said most things go with the market. And if you need the market for your trains you're going to get chopped up. Again today's a great example of that because the market gapped up today and started like it was going to hold and then dropped and broke. Okay. Now here's another example of one that we did that was a short. Again who was in control. UPS stock closed here gap down. Open rally dropped. So we shorted this. This was a short. Stock closed up here around 1.58 and changed gap down here in the morning to 1.46 and changed. Again here's the rally get the drop boom. So this momentum in the UPS the trade here is a short. You wouldn't have wanted to go along this. Okay. And many people also wanted trade gaps for gap fills. That does not work consistently. Well sometimes once in a blue moon a stock will rally against the gap or the direction of the gap but does not work consistently to make money. But when you're trading when you're thinking about what you're trying to figure out what you want to do you really just got to weigh the pros and cons every time you take a trade. But you've got to put the odds in your favor. If you don't have a system to do that then again you're 50-50 crap shooting everything that you're doing because at the end of the day you want to take trades analyze them use your brain but you want to take trades that have high odds. There's no getting away from taking taking the risk. Again whether you put a stop in or not you're still taking risk when you take the trade. And when I do options basically my risk is my stock. So I don't kill options trades in the middle of them. Actually we were in options we were in an Amazon call for the last week and the trade was down actually until it flipped around today. So I will let a trade completely play out even into the last day of exploration for it to go in my favor. I don't kill it in the middle of a trade even for options. But I don't look at every trade like a 50-50 I'm trying to take trades that have very high odds of working. Because again I want to make money. You can't get away from the risk factor but you can look at things think them through and use your brain and say why am I doing this trade. So many times I talk to people and again I've had the business now for 12 years going on 13 that I've taught people my trading method. And this is all that I do so it's all that I teach people because I only trade gaps. So I've been teaching gaps and trading gaps for a very long time and the fact is many people when I ask them what their strategy is they talk about moving averages they talk about indicators they talk about buying support or shorter resistance and none of those things are a strategy. You're never going to buy any indicator and get a correct and accurate way to trade that's going to work more than it doesn't consistently. And consistency is all that matters. Anybody even terrible traders even people that are in these chat rooms just taking trades from people that are strangers anybody can make money on any given thing on any given day just based on dumb luck some of the time. Sometimes people have really really good dumb luck and they make a lot of money in one trade then they duplicate and try to do it that same thing over and over and over again for years and lose way more than they made in the one dumb luck trade because they thought they knew how to trade and they didn't okay it takes skill in order to trade it takes knowing what to do and it definitely takes having a strategy or you're excuse me are you going to lose hold on let me get a glass of water here or you're going to lose so the whole point is that you want to look at trades more than the indicators okay more than the indicators because if there was one indicator one specific thing that would tell you everything that you want to do whatever lose we don't use that indicator it's always interesting to me and again if you look at my charts they're very very very very clean so anyways DFS stop close to your gap down this is another gap who is in control here the bears the bears were in control this was an earnings gap again the banks have been rallying now this was way back in January stop closed here had the earnings gap down here so closed up here the night before around 109 and change gap down here around 100 and change rally and we shorted it and again you could have done a day trade here you could have bought a put in it we didn't do a put in this one but we did do a day trade this was a huge huge trade why momentum how to make money in the market you got to get momentum again I'm not scalping I'm not scalping for five cents ten cents twenty five cents I'm not risking three four five thousand dollars to make 500 bucks and you shouldn't either those aren't good again those aren't high odds they're not good trades alright so anyways this one here on the particular day that we did it we shorted it at 115 now I didn't add so I had doubled up my risk with this one I really really liked it pushback we add in then I got out in 96 80 again this is momentum so when a stock and something like this at this price point two dollars three dollars four if you can squeeze it out of it and it was a huge trade now yes you would have had to have a margin account to do this but to go to a retail broker you've got to have twenty five thousand cash to get four to one margin which is a hundred thousand and you could have taken a thousand shares of this actually close to it at a hundred some per share if you go to a prop place again you can get ten to one margin so you can take a thousand shares with ten grand with ten to one margin and a hundred hundred dollar stock price point should people always say you only need all this money no you don't everyone's trading a margin again if you you do not understand margin you really have no business trading whatsoever at all as far as I'm concerned you must understand margin and when you do options which we're going to talk about a little bit you can understand those too because everyone's so worried about delta and this thing and that thing with options if you get the move you could have you could have none of those things ever matter none of those things even matter even the timing necessarily doesn't even matter because you can get it the last day okay if it goes if it moves if it has a big move okay and again that's what we're trying to get but anyways here was the short get the drop boom out again this was DFS this was January 18 and I'm showing you an example here if you took less risk here total risk a thousand seventy five this is a great trade okay you could take this trade with a ten thousand dollar account at a prop firm absolutely absolutely could okay this is a nice trade same trade less size could have even taken a hundred shares if you wanted to any questions here so far from anyone just looking over at the chat you can plop it in the room go ahead Vincent wants to know do you recognize after hours price action when looking for grabs that's the whole who asked that Vincent that's where the gaps happening now I'm not trading it asking me no but that's where I'm looking at it I'm analyzing it that's where the gaps occurring so the answer is yes good question and then just another comment Kumar said keyword use your brain that's exactly right anyway that's it that catches up with questions if you guys have questions let them know in the chat let us know in the chat and I'll pass them along thanks Felicia that's why and again I don't want to go off on a tangent here because I know we started a little bit late today but the fact is you you got to keep yourself healthy you got to keep yourself healthy again you want to go off and go crazy do it on a weekends you get a weekends off when you're trading the markets only open money through Friday it's it's you have to keep your brain healthy that means eating I eat breakfast every morning again I live in New York so I'm trading Eastern time zone if you're in Europe make sure you eat lunch you need to get seven to eight hours of sleep again all of these things sound like so much common sense but you would not believe how many people do not follow any type of structure with their everyday lives that all of these things help your brain okay and there's something called REM sleep when you get into that very very deep sleep and that is where your brain is regenerating and where you're getting into that deep sleep where you're resting to get up the next day and this is the benefit of being in the live room with me because I'm calling these day trades live like the PANW and I'm trying to narrow it down between one thing and two things or something we're not going to do I look at it and say no we're not going to do it and I make a decision within seconds as fast as I'm talking here right now today is as fast as I trade and the fact is that that is as fast as you can make money and as fast as the market moves and we're trading on the one minute chart you've got to be able to be able to do that when we're day trading but if your brain is not sharp then you're not going to be able to make quick decisions and sometimes you can be up a lot of money in the trade and it can all go against you if you don't make a quick decision to get out so if your brain is sharp and you keep yourself healthy you're going to have a lot higher odds or higher chances of doing well and making money in the market because it's far too much competition there's far too many people out there it's everybody that's coming to this conference all week and millions and millions of other people that are out there too and they want your money you're never you're not making anything you're not knitting socks and selling them in the street quarter down in Times Square and getting cash for them you are going against another person's position when you're in a trade and you're making money and when I make money and I make profit I'm taking somebody else's money away there are people right now that are short in a video 100% guarantee people shorted it at the highs it was a crap trade and I don't even care if it worked for a day a million years we're long to video the stock is higher and the fact is that when I make money in that trade I will be taking it away from the people that are short because they're going to lose and that could happen as soon as today as soon as tomorrow you have to be on you have to gain an edge okay you have to gain an edge and that's why I focus on gaps okay gaps are very very powerful but anyways getting back to this you can trade options and you can day trade gaps so let's look at some some some options that we did this was in January Tesla and I've been liking this I've been liking this for a while it's starting to fall today we'll see strike for this one was 205 so we did the 205 puts and I sent this trade out the newsletter goes out in an email January 17th that expired the 26th so let's look at the Tesla chart 205 what day was that the 17th so I called this here well this is a while ago here okay let's take it over boom boom boom so again this was the 205 so this was a put the cost of the trade was 450 which wasn't crazy for for Tesla again depends what you want to risk you could have done two contracts where it's $900 my $900 this is a good trade dropped quick again we're doing the weeklies whether you do I always do the Friday explorations that even when I'm doing the market I'm not doing the dailies market explorations but the bottom line is the way to be in Tesla to make money on this one was the drop was a put you could have even made more money in this and if you held it all the way down to the last last day I don't always do that but you could have done that there now we started talking about this at the beginning as far as goals and I think it's also important to know why do you want to trade are you doing this because you want to become wealthy are you doing this because you want to do this for a job are you doing this because you're retired and you just want some side income are you doing this because of inflation which is of course the reason the market reacted today because cost of things are so high rates are so high that you want extra money coming in many many people decide they want to trade the market for various reasons a different reason so once they get bitten by the market bug they're in I find that people are just in for life for as long as I've had the business I've had people following me which like I said has been for for 12 years going on 13 it's the American dream to become rich successful and financially independent a lot of people want to make that happen but you've got to have a plan to make that happen no one's going to ring your doorbell and drop it in your a bag of money in your lap overnight and again sometimes it takes time you set goals for yourself you say okay between now in the end of the year between now and January 1st 2025 I'm going to have this much money in my trading account by trading for the rest of this year and again that's why I said this is the end today's February 29th it's the end of February look at your trading account are you up for the year are you down for the year are you where you want to be okay it's a good time to assess really at the end of every calendar month okay you don't have to do it every week but I get at the end of the calendar month it's a good time or even quarterly you know but so many things out there so many things to do so many different strategies and again you're here this week learning lots and lots of different things if what I'm saying today resonates with you then you may want to reach out to me but the fact is whatever you decide to do you really only need one strategy and one focus that's how you simplify it down and again that helps ease the stress off of your brain about the risk factor because you have to risk money in order to make money in the market so for me my one strategy and one focus is gaps and again particularly shorting although I will go long like I said we went long today but why gaps why are gaps my focus because gaps are the most powerful show a price action in a chart gaps have large moves we talked about some of those here earlier gaps can move up or down some of the biggest momentum moves in a daily chart come from a gap and again there's there's gaps all the time there's gaps every day but you can't go long every bullish gap you can't short every bullish gap you can't short every bearish gap and you can't go long every bearish gap simple I analyze them I studied them I try to figure out what you want to do and then the direction here was when we did the paypal stock close here gap down open drop so paypal this was back here had earnings closed up here around 63 and change open down here dropped fell and again we shorted it it was a put okay and we also we're doing some day trades here but again you could do whatever you want you could do a day trade you could do a put I'm not doing swing trading okay I did my risk would be a lot less okay because I wouldn't have a fixed risk in overnight swing trades but if you wanted to do swing trades you could do swing trades too you know again there's many things you could be you could be in right now with your goal direction the market long you know overnight a swing trades but then you're not making money every day and you're not making money every week when you're in a swing trade you're waiting for something to go you could wait until July of 2025 the whole idea of trading momentum which is exactly what I do is I'm an active trader you can call me a day trader but I do options too whatever you want to call it I'm an active trader I'm looking to pull money out of the market under regular basis each and every single day and that again is something that I specialize in swing trading is you can look at your retirement account you could look at an account you have on the side you're not going to be taking positions every day and getting out of them every day and many times you will be down those positions before they go you're not going to be affected by the overall market but the key to what I follow in gaps is following like we're talking about control who's in control institutional money that's who's in control there is only one thing and one thing only that can move the direction of a stock it's money not a little bit of money but a lot of money or what I call power money and again that's the whole key power money is in charge power money is in charge of the stock's direction trends are set and moved by there's a ton of them in the market there's a ton of them in the market there's a lot of large professional traders in the market banks trade they have trading desters hedge funds in the market again think things through when you're taking the trades as fun as it is to make money it's not fun when you lose alright and it's also not fun being chopped up you could take a trade kill it you could go long you could kill it you could lose a little then short in and kill it I guarantee you people are doing that with the market today and they're doing it with a new video you need to use your brain you say I believe this is higher or I believe this is lower if you don't know you shouldn't be in the trade because trading isn't gambling again if you want to go gambling just go to Atlantic City go to Las Vegas have a good time look at it as a vacation when I get up in the morning and I trade I get up and I rate the gap and I put the odds in my favor by saying I'm not going to do this because it rates under 20 or I'm going to do this because it rates over 20 and then I put them in order 1, 2, 3, 4, 5 if I have a couple of picks or whatever I want to do and look at the overall market is the market with me is the market against me you have to worry about the market today now as I was saying the point is to stay consistent because that's the only way you're going to have longevity it's the only way you're going to have longevity year over year over year and many people that I talk to they want to trade they really want to do it up and down and by the end of the year they lose the 26 point checklist gives me the consistency that I need because it helps keep me focused and it will help keep you focused too again that's how I know where the money is flowing and this again this P&W was a good example because it was a nice big short yes it was a little pricy but again you could have bought a put in it as well again puts are ways to do trades that are cheaper if you don't have a margin account but for me I personally like trading in the live room I like the fast trades and the benefit of trading gaps is you can trade fast and be done quick in the morning between 9 30 and 10 and I think the whole idea of trading is to work smarter not harder sitting at a desk for six and a half hours a day can really zap you particularly if you're waiting something to go if you get the big move in the morning and get out you don't have to worry about any economic data reports things that come out the fed and you could just go about your business and go to your job or do something else or go take care of whatever you have to that day but a big flow of money going a certain direction is what moves the market stocks creates momentum and sets the trend in charts when you're looking for institutional money or really reading the side of the power in a stock you want to be in the side of the power in order for you to make money trading institutional money is in charge of the market and stocks at all times even if you think it isn't it is trust me when you say that again today is a great example of the market the video is another great example too the control on the video is to the upside that's it and that's why I'm not shorting the stock not shorting it for an hour a day five minutes no the control on the side of the video is up bullish the bulls are in control okay any questions you're so far now I put in here a week of training yes we do have one coming in from YouTube sorry if you covered this already do you subscribe to the theory that all gaps get filled no that doesn't work I said that earlier that person must have come in late gaps do not fill themselves consistently as a way to make money I do not do that now I'm taking a gap in the direction of the gap and if you're trading gaps for gap fills you will not consistently make money while sometimes it may work if you take one trade you're going to lose in the next ten it does not work as a consistent method to trade and that's what happens then people get tripped up they take a gap they lose because they do it just like you said they do the fill it doesn't work and then they get plowed over and they lose a lot of money and then they don't want to do it people trade gaps and they don't understand them that's not what I'm doing even if it rates poorly I'm not flipping it say I rate a gap it doesn't rate 20 points or more say it rates 10 or 15 I'm not taking it in the opposite direction of the gap anyways because you must respect the gap I can thank you I'm already talking about here okay so this was one week of trades I'm just going to quickly go through these here no trades on the one day it was the Monday the 29th nothing rated good to do again if you get up in the morning there's gaps you still got to rate them there's nothing there rates good you're not going to train and that can happen okay this was BA January 30th we were shorting BA a ton just an absolute ton again this is dropping today we didn't do this today though but BA fell again this is momentum this is momentum here's the gap stock close here gap down open rally dropped so again you get in get out done boom that's it could have held a little bit more could have lowered your stock but you're in and out of the morning and call it a day we also did UPS this was a good short too this closed here gap down this was a gap on earnings we shorted it got in got out done boom again you see how these trades are quick and fast in the morning now we did Tesla on the 31st we lost in this got stopped that was the end of that one again I have a fixed amount and then I got stopped in it and then I lost again if it resets I think I retake it but you got to put the stop in we had a huge trading Google Google went the other day actually I saw it after the close and I didn't do it yesterday you could have shorted Google yesterday was beautiful but we didn't do it stock close here gap down open dropped okay Google was a nice short here on January 31st February 1st we did Q-Com I shorted this here there were people in the room that got out I didn't react fast enough it booped over and I got stopped in this one I lost in the Q-Com and then we did BA this was February 1st this fell off a cliff again the momentum was to the downside and then we did Amazon here actually this was February 2nd we went long Amazon I've been liking this for quite some time like I told you we did it today long Amazon rally boom out again nice trade good trade could have bought it as a call again nice momentum here in this today as well and so this was one week of trades my average risk was about 3,000 per trade you could risk half you could risk you know one fifth of what I do it's the whole idea where you're going to have more winners and losers and you chunk it out as you go about trading because that's how you pull a week together and that's how you pull a whole month together and it's about having the daily focus which is the gap so how do I know ahead of time where stock will go I don't guess where the gap is going to be I'm not predicting the gap I'm not in anything and then just predicting the gap itself I see the gap after I see it and then I rate it and then I use the 26 point checklist it tells me what to trade and what to look for in a trade again think before you trade it's exciting to make money but it sucks to lose and so many people are taking trades and then jumping things people are taking trades like in stocks like NVIDIA which no one should even remotely be trading unless they can afford to take that risk even those options are very very pricing they were before the earnings after the earnings the fact is you must think about what you're doing if you don't think about what you're doing with your risk why are you taking the trade have a set strategy you use have a stop know where you're going to get out you have to know where you're going to get out okay if you don't even know that or how much your goal is for your money you're going to make again you're just like trading on the fly you're going back to the gambling mentality but the key to getting big trades is momentum when I trade I'm looking for momentum this gives me an edge and it will give you an edge momentum trading is one of the most profitable and fastest ways to make money trading it's the only way to make money trading as far as I'm concerned because if you're making a little bit and then some trades lose you're just going to lose I mean it's just again it's ridiculous we don't scow you've got to get the momentum and you've got to get that in options too again some of these things are so crazy it's you have to you have to be able to you've got to get a move alright 20-30 bucks and something like Mavinia I don't want a dollar I need more learn how to take a position as stock and anticipation that the stock will have an explosive move that's what I mean by momentum the explosive move could be up the explosive move could be down that's what you need these enormous moves happen in one direction and happen fast particularly in the morning momentum trading can be very very profitable so again what creates momentum in a gap institutional money who's in control gaps happen in the market on a regular basis however some gaps are nothing gaps and some gaps are very powerful displays of institutional money the most important gaps in the market are gaps that signify a change in direction which can happen or a larger bigger move in the same direction understanding which gaps are meaningful which gaps are not meaningful in the market will help you to know what to do and when a change is occurring that's how you know when the power of money will flow to pay you so again my 26-point rating system pin points the footprint of institutional money to tell me if someone's going to commit and buy and continue the bullish gap up or short it and continue the bearish gap down again because if you're not on the side of the control it's impossible to make money and again we want momentum if institutional money is coming in guess what we have volume we have momentum we're going to get a big move so if you're a beginner you never did this in your life you don't you're like I don't know I've taught beginners I just taught someone that was brand brand new this past weekend I had the February class I've taught people that have never traded their life and then I've taught people that are older than me so if the fact that you have experienced patterns and know a platform and things like that you may have bad habits if you've been training for a while whereas someone that's brand new as a beginner doesn't have any bad habits but they may need practice on the platform setting their charts up things like that everybody has pluses and minuses and everyone has a different learning curve you've got to push forward and you've got to push through it complaining about it or wishing you were a different place or why you wasted money on other classes or lost money training in the market over umpteen years is never going to get you ahead there's just no point in even thinking about those things you can't change the past or mistakes that you made the best thing you can do for yourself is let that go move forward and say I'm going to do something different again today's leap day let this be a brand new start for you to think differently about the market about your trading have a brand new attitude you got the whole rest of the year again it's hard to believe but before you know it it's going to be Easter it's going to be spring it's going to be a moral day and half the year is going to be gone so the time to make changes and do things differently is now and when we think about things in our past or things that we did very often it can bring you down you have to be your own best friend your own best advocate and your own best cheerleader because like I said everybody else that's in the market training wants your cash and wants your money so if you're talking negative to yourself you're not doing yourself any favors okay you are going against yourself as far as trying to be your own best advocate and you don't want to do that to yourself because you want to succeed if you've been trying to do this and trying to do it for a while and wanting to be successful then you have the drive you have the motivation it just may be taking you longer than you thought but trust me it takes everybody longer than they think when I started training in 2008 I thought I'd be able to figure this out I took one class I didn't learn how to make money in that class I did it so I took it upon myself then to start to trade on my own and I figured out in six months it took me over three years to figure out the strategy now that I've been doing for this last you know however many years 16 years things always take longer than we think but things can happen fast once we start to make the transition and again it's a series of ten steps up ten steps forward one step back five steps forward two steps back and seeing the profit seeing the results again following the run it's very beneficial for people you may not be able to risk an advanced trader risk right now but you got to build your account up so you can do it and if you're having too many losses it's going to be tough for you to ever pull ahead and again whatever works for you as far as doing options or day trades now this was BABA this was a nice one here we did this one two sixteen I called it on two seven this was another put I haven't looked at this chart for a while but this was cheap a dollar eighty again however many contracts you want to take my goal is a hundred percent this booped a little bit over it if you risked a thousand eighty you could have made fourteen seventy this is a good solid trade so we did it on two seven two seven BABA was here stock closed here gap down open rally dropped gap down here the next day boom you're out or you could have been out here could have been out here you could have been out here you could have been out here if you wanted to but it was fine and by this point again we were ready through the strike there you see we did the seventy fives so into the close on the first day the day I called it we were ready through the strike and again I'm not holding the trade into the last day if I'm up in it I'm more than a hundred percent that's ridiculous okay so you get in get out chunk it out chunk it and you take another trade every trade that you're in when you're in a trade particularly an option if you're in it every night your money is being sucked up and used up in that trade so let's say you're up so you could be up three thousand dollars maybe it costs you a thousand to take it or two thousand to take it you really have been five thousand at risk the money you have at risk the profit so it's important to take it and book it take it and book it and that's why we gotta get the momentum okay but again get back to what I was saying you must have an edge to be successful minus body momentum playing the gap and also I do focus on shorting you may say well how are you shorting now when the market's been rallying and making new highs trust me we've been doing it most of the trades that I showed at the examples were shorts sometimes I will go long we went long ebay ebay was a gap up in earnings I liked it and so today and yesterday we actually went long so I have nothing against going long and we do calls on the options newsletter but I do focus on shorting but ironically being able to spot pure weakness and seeing what's weak has helped me pick the best longs again I talked about some of those today but either way you've still got to have a focus because there's too many people that are doing too many different things people want to do forex people want to do options people want to do bitcoin you're never going to get good at one thing unless you focus people want to do futures there's no magic bullet you have to learn something it's got to work and then you've got to get really good at it and that is what I've made a career out of doing because I've been doing this since 2008 so whatever you choose to do if you don't ever hone it down you're never really going to get good at it anywhere to be able to risk $79,000 and an options trade and a trade overnight but the reason I do love to short just to tell you though and I prefer to short even though we went long today is because shorting moves go fast moves to the downside go fast and quick and again shorting is profitable because of the fear and the panic that comes into a stock when it drops and falls nobody thinks about getting out of something when they're down they'll get out like that and the downside go much much faster the moves to the upside there's no sense of emergency to go long now I will say this though occasionally you have something called panic buying you might see that actually in the video we really haven't seen that yet you might see that in a stock like that but it's very very rare you might see it in the market actually at some point this year but usually the fear and panic happens to the downside to the downside any questions here go ahead David wants to know and I always think this is interesting I love this question do you use market or limit orders or something else no I do limit orders but that's not a rule that's not a stock switch rule if you want to do market orders you can I get better fills with limit orders or faster fills but that's not a rule do whatever works for you to get a good fill all right Christopher asked in your rating system of 26 points you've earned one point no because that's what you're paying me for in the class and also the class is 14 hours and Jeff is going to boot me out here in about 10 minutes so we don't even have time that catches us up with the questions I'll add it back to you ask that point you because again it's not one thing even if I told you something today for free what good would that do you nothing you've got a system is a system because you look at everything today and I don't know what this is it's kind of interesting to me traders are very black and white that's why they love indicators they live and die by indicators because they want to see a 20 pair moving average and they want to say that's it we're going to go along on that it's all going to work we're going to make all this money even if I gave you one thing today it wouldn't help you it would be meaningless to you because you wouldn't be able to make money on any one particular point of the 26 points a system is a system look at everything together as a whole you say this thing and this thing and this thing and this thing and then guess what even after that if I ran a gap at 8 am market isn't even open didn't even do anything not even in trade not even doing anything yet I wait for the open I don't even take that train until after the market opens and after it sets up what if it doesn't set up guess what I'm not doing it there was something today I don't even know what it's doing right now it pushed up we look at it to short if I had done it I would have lost we didn't do it so I could go through all the steps but that's the preliminaries then I have to also get the setup if I don't get the setup I'm not doing it so again a system is designed to use everything together if you're looking for one thing ever to make a decision for you you're you're looking for something doesn't exist and again I know that's why people love this idea of indicators whatever Fibonacci is all this stuff you're just you're kind of like looking for something that's totally unrealistic and doesn't exist you've got to learn it all you've got to make decisions based on all of the points together and then you wait for the confirmation to get the setup after the market opens and if you don't get it then you don't trade well that was a good question every day I'm looking for stocks to trade that have number one a high probability of directional bias for the entire day preferably number two big moves of the day number three early confirmation on my bias and the move between 930 and 10 a.m. eastern time and number four precise entries with follow through in a good risk to reward and you need that because again I'm not entering the stock in the pre-market I'm not entering stocks in the post-market what if it fails okay and sometimes something is affected by the overall market I think HPQ if you want my opinion failed today because of the market okay because the market was up today and then rally this is initially initially I don't know what's doing right now but that's what happened in the morning so we didn't do it but anyway so 26 point golden gap rating system helps you pick which stock to trade each day it's all everything together it pinpoints ahead of time which stock will have the move in the day with volatility to trade and volatility is your friend because that's how you're going to make money in the market and you need momentum having a checklist keeps you organized and this is imperative because so many traders are not organized it helps you to stay organized it helps you to stay focused if you know you have ADD or something where your brain has a hard time focusing or you're at work or you've got kids or the dogs barking I mean you you really need something to help you and that's the room is good for people for that when I'm saying boom and I'm giving the number it helps people but the reality is you still have to help yourself get focused too having a checklist forces you to look at what you should be looking at in a chart in a stock to make the correct decision having a checklist helps assist you with your directional bias that's the only way you're going to make money and having a checklist keeps you in track to reach your goals a checklist is a plan of action like if you were going to get surgery you'd go through a checklist they say don't eat 12 hours before don't do this don't do that don't drink anything you go on a plane there's a checklist the pilot goes through everything this checks out this checks out all the time anything that you're taking seriously you have to do it and unfortunately a lot of people trade the market and risk mine they don't take it seriously I had a guy it was a guy I had a cable outage on the internet or she came here nice guy young guy came here you know it was like oh my god you know and he wanted to find out what I did and fixed up my internet and then he text him the other day some stock it was a shit stock that he wanted to buy and I said don't do it don't do it you know it's like everybody just gets excited about the money that they could make but I mean if you're investing in something that's crap you're not going to make any money you don't lose you really have to learn what to do in order to trade and be successful and it's just it's just like you can't just say well whatever everyone that puts money in the market should have a plan of action a checklist on a professional level all high income career field specialists have checklists you've got to take it seriously and just like I can't even stress that enough and again so many people throw money into the market and they just don't take it seriously it's like why people take their IRA seriously but they don't take the regular trading account seriously that's that's as important if not more important because you can make a lot of money you're you're limited with your IRA your retirement account of what you can do with it you have no limitations in your trading account if you have a margin account set up at a broker you can do whatever you want don't waste time trading without getting anywhere it just makes no sense and again if you've been attempting to do this for a while and need a strategy you can come and learn my strategy I teach the class once a month again it's all day on a Saturday all day on a Sunday you will learn the points you'll learn the whole system you'll learn all the entries you'll learn targets the exits you'll learn chart analysis and technical analysis on an advanced level and remember when you pay for a class like mine it's a gift to yourself it's an investment in yourself it's a quote from Warren Buffett this is a good quote there's one investment that supersedes all others you investing yourself you want to get ahead in life you're going to invest in yourself you want to get ahead in your trading same concept otherwise you're fly-by-nighting it 50-50 crapshoots fast forward one year from now or the end of this year and you're nowhere or you're worse off and I hate to say that for people especially in this type of environment especially in an environment where cost and inflation is so high and interest rates are so high you've got to think about what you're doing with your money and not only that you should think about what you're doing with your time love what you do because you're going to do it for hours and hours every day for a long long time I love trading I love shorting I love making money okay I love when we win I hate to lose and I even love teaching now again it's something that I only do once a month but I do love doing it you know but the nice thing about trading is I'm done quick and early in the day and I can go out and I could do whatever I want the rest of the day go shopping go for a walk I'm here today doing a webinar with you it's a nice lifestyle if you can invest the time and money and energy and to learn how to do it and to take it seriously but you've got to get value out of your education again if you want to come you will learn the points from me you'll learn the entries and the exits and you can empower yourself today but it's a whole system it's not just one thing it's all the pieces of puzzle together like if you go I bought my grandmother a puzzle essential part for Christmas it was a little bit smaller pieces than I thought when I got it for her she's working on it she's got it about halfway done she told me it's a picture of essential part ice skaters in the park at winter you don't know what the puzzle looks like until you have the puzzle done and that's the whole point we're trying to predict that the stock is going to go here that's the genius in the system but you have to do it and learn it and go through the process so the class is called the golden gap course it's a full today course in how to strategically find stocks that are professional bearish gaps classes online the marsh class is early because of the fact of Easter March 16 17th and then of course I know basketball class tuition is 69 99 classes online combo includes the trends which is 74 99 and I'm doing a leap year special the leap year special is going on through Sunday March 3rd if you want to sign up you can get the trading free on the options newsletter free to the end of this year and again this is going on through Sunday I don't know if anyone has any questions I think I'm done on time any more questions yeah I have a comment in a question we'll do them real quick so Fred was to know oh wait Kumar says with good risk and trade management and your brain loses gap option is very profitable that's my current experience so thank you for that thank you Kumar oh Kumar Fred says that is the 26 point checklist done manually on each stock that you're looking at yes yes it is because again your best thing is your brain now again Jeff has scanners and this thing and that thing if you want to try to put something in a scanner you can but I got to be honest with you you are going to have to think through all the points anyways the scanner helps you find a group of gaps but as far as using your brain to go through it manually you're doing on the daily chart and yeah you got to go through each one consecutively but I'm not rating 10,000 things every morning like I said I'm going through and making a small watch list and then I'm pairing them out and the better you get the easier you get the faster you get at doing it it doesn't take you that long to go through and rate them I've put the email address in the chat also YouTube is going to put that in the chat as well Melissa thank you very much for coming and joining us and spending some time with us thank you