 Okay, is everybody there? I might turn the mic off again. I don't want to choke in the mic. It just doesn't sound good She'll just have to bear with me for those of you that just signed in I'm getting over some kind of cold or sinus infection here So if you have questions, you can email me at Melissa at the stockswush.com Follow me on Twitter, Facebook, YouTube, LinkedIn, Pinterest, or Skype So we're gonna talk about how you can earn a living trading and whether that's 100 grand a year 200 grand a year Half a million dollars a year, whatever it takes for you to pay your bills or less than that When you decide that you want to trade, I do think it's extremely important to know the purpose of why you are trading Is it to supplement another job that you have? Is it part-time income? Is it full-time income? Is it for retirement? Are you just trying to save up to buy something like a home or a car? Because it will have a lot to do with your long-range outlook on this process and also your risk portrayed and Even though we might have goals in mind how much we want to risk portrayed Sometimes we make more sometimes we lose in trades and we're gonna go over that today, too But you have to at least have an objective and I definitely think again that helps you with the focus So I always tell people to try to break it down How much do you need to make on average a day in order to make 200 grand a year? So it's on average about a thousand dollars a day So we had a good solid day today in the day training room. We went along the market the spy And if I have time I can pull that up But we didn't have any good gaps yesterday. It was a slow week. So you take okay one day No trains next day is about $1,500 in profit today. So I say all right. Well, we're averaging $1,500 in two days. That's pretty much on pace Okay, because tomorrow could be an even bigger day. And so this is how you have to look at it Now if you have a small account, you may only be one-tuned to risk a hundred hundred fifty dollars a day If you're doing this part time and we a small account even something like 39 grand a year is Real money and some people that's all they make in the entire year and they work full time Okay, when you think about it, especially like even minimum wage workers The amount of time that we spend trading really isn't that long. I think I closed the trading room down today Like a 10-0-5 or something was really early. We were in and out of the trade pretty quick So it doesn't take a long time to trade. You're not trading for eight ten hours Markets only open from 9 30 to 4 and again the training rooms really only open till 10 30 to 11 But I may close it early if we're in and out of something quick So I always tell people Chunk it out. You're going to set your goals. You look to stay focused You chunk it out and if it helps you look at it for the month per week, then do it that way, okay? To stay focused That also help you not get so caught up if you have a day where you don't trade like we had yesterday or a day Where you have a loss? It's not the end of the world You will have certain days where you take a trade and it doesn't work and you have a loss and that's part of Trading that's part of accepting what this is And again, if anybody has any questions you can write them in the room, okay? So if you're doing this for a career, you have to figure out how am I going to get there? Again, everybody wants the money. That's the goal But what's the thought process of to get to the money? It really has to be in balance You really have to be in balance when you're thinking about it And that's why I'm very focused each morning when I trade out on a set strategy. Okay? The other benefit of trading if you're doing this for a living is you can do it from home Now if you're doing this and you have another job, then you can have the other job and you can work maybe from your office Okay, if they let you get on the computer Whatever get on the internet. I don't suggest Being on the go too much, you know, but if you had good Wi-Fi Excuse me You can watch it But you got to have make sure that you have a solid Wi-Fi if you're in your computer like in a Wi-Fi connection But the nice thing about trading is you can do it from anywhere in the world And that is really one of the biggest benefits to training the market today trading the market as your career You could go on vacation and take your computer with you You also can take off if you want you don't have to train Fridays You could say well, I'm gonna trade every money through Thursday or Tuesday through Friday. You can set your own schedule There I just saw somebody else sign in Kathy if you need to help people that are coming in late Anyways, it only takes a few hours a week When you're deciding to do this if you want to learn my method And only day trading in the morning day trading just in that open open period and the US stock market opens at 9 30 a.m So I'm focusing the first half an hour to the first hour of the day Now we do do options if you sign up for the options newsletter Those trades could be at any point in the day But most of them are actually in the morning as well Just so you know And we'll talk about that too. So how can you earn $200,000 a year trading? Focusing on one strategy. It's the being specific You you say I'm going in this direction and that's it meaning I'm only going to focus on one particular thing While there are as many many day trading strategies out there and long-term strategies out there I really don't think it's an it's it's a function of Doing all of them. It is very very important to get good at one thing and it really helps you then to have something that I call conviction Conviction helps you trade it allows you to put size on in a trade And then do really well Okay, and how do you get to that point where you have to get good at one thing? So it has to do with the focus. So for me, I focus on momentum Actually, uh amazon I'll pull that chart up in a minute I did put this in this but amazon has it's having a nice Beautiful bullish move up and I have a lot of conviction in that right now Now this was adobe back here How was this late june? Stock closed here gap up. This was an earnings rally Had a secondary gap here had another rally here Took the stock over 300. So this was a bullish move So in this case here, it was an earnings gap and the momentum move the stock higher Okay, you see that there. So that was a nice move and I called options calls in that for the adobe You see this here On here it is again So my focus is on the gaps the gaps in adobe because again, that's what I focus on gaps So I'm focusing on gaps. I'm focusing on momentum and I'm focusing on that for the purpose of what to make money Focus counts lots of times people They start trading and then they do one thing and then they do another thing and another thing and another thing And they never really stick with one thing and they may be trading more years than I am But they're not good and they're not making money because they've flopped around Doing too many different things That is very dangerous Also, the only person that ever makes money with that is who the broker because you're paying commissions every time You're in and out of multiple trades So one individual can trade the market successfully as a career with a dependable method And that's what I have and that's what I that's what that's my go-to. That's my focus Okay, in order to reap the rewards that the market has to offer you need a quality system to follow The central structure to trading results must be a strategy with a solid foundation that is based on accurately reading price action The other powerful factor in being consistently profitable is having an edge Now we're going to talk today about some shorts shorting gives traders an edge Particularly because many people don't know how to do it No, we dig along the market today, but I usually do look for shorts first In the case today, though, there really wasn't any good shorts. So if I don't see any good shorts Then I won't look for the longs. Okay. That's usually what I do in the room Anyways, many traders don't know how to focus on one strategy or won't They're always in fear of missing out mode And it's actually the opposite because you're not missing out on anything Actually, even if you're not in a trade, you're not making money, but you're not losing. Okay You're really missing out when you miss the total bigger picture of how you're going to get somewhere with this trading This idea of trying to get somewhere very fast With no time no energy no effort and no money is totally ridiculous So that's what a lot of people think they think they're going to take $500 and make a million Literally in a year or a month or whatever some ridiculous amount of time that is absurd So people have to get real with themselves What does it take to be successful? It doesn't have to be Work that's not fun. If you enjoy trading then the work even to get good at it is fun Okay, and although people don't like necessarily spending money whether it's on risk or a class like mine It is exciting in a sense that you're moving yourself forward and improving the quality of your thoughts and your method And again, it's like you're you're making the foundation You're making the foundation stronger and you're making yourself stronger personally And you're making your smells yourself smarter by getting the education in order to be good Which is extremely extremely important. A lot of people just don't get that Now we'll talk today about momentum momentum can happen very quickly Markets a good example of that today momentum came into the market. Whew really quick quick and moved it up Okay, so that's good. That makes for quality quality day trades And again, like I was saying earlier, you have to become an expert an expert of what you're seeing and doing So for me, I look at a 26 point reading system to determine the direction that a stop is going to go to go long or short So I use a checklist this checklist I rate gaps every day in the morning Some days are rate two or three things. Some days I rate mate 10 I rate a may rate more if it's earning season, which starts next week. There may be 30 things in the morning I rate It really depends Because I really never know until I get up in the morning And the gala had I see you here tonight. It was anything tonight. You want me to look at I will certainly look at anything tonight here if there's anything gapping tonight But the philosophy behind the 26 points for me is I'm looking to find a high probability of directional bias for the entire day I'm looking for big moves on the day I'm looking for early confirmation of my bias and the moon and usually between 9 30 and 10 am eastern time And I'm looking for precise entries with follow-through and a good risk to reward So any questions here so far? So what I'm looking for really in my method is to look for selling To go to go after something like Baidu, which is falling Now this was back from the end of may into june Stock closed here like around 150 and change Open in the morning around 130 gapped down boom and it was a short So this fell so you could have bought a putt or you could have shorted it Followed through Boom so from this number here around 150 within like two weeks stock was where broke 110 You see that here That's a very nice downward move You would have had to be sure to bought a putt to make money By and day was institutional buying stock closed here gapped up rally This area here is around 100 opened at 130 Flew up to 185 and eventually I don't have that piece of the chart on here It was at 200 so the stock literally went 200. I mean 100 points It went from 100 to 200 In a matter of two weeks That is what institutional buying you only have an institution that can move a stock like that plus you have traders But again as individual traders How do we make money we play on this we play with these institutional moves makes it very easy to make money When you're in with a big big player Because they're the ones that are buying it gapping it up overnight and then moving it and following it through What you saw here in the b y and d Any questions here so far So think about what I've been saying here accuracy precision details Accuracy counts in trading on all fronts No matter what you're doing you need a quality strategy So many people trade and they don't have a strategy at all Which is crazy to me, but it's true and then they wonder why they're losing they're losing because they don't have a strategy You also need a good risk to reward a minimum of one to one So if you're risking a thousand your goal is to make a thousand You need to have the right entry. I teach us in the class correct size And proper exit. I think I literally think that we could not have gotten a better exit on the market today We literally almost got out of the market today in the long this morning at the high of the day That does not happen all the time But today great read on the market great exit. So you have to watch and if you're in the room I call the exits So being successful the market takes detail and it takes a certain level of precision and detail matters It can make a difference when you're making a lot of money one day or losing one day So you have to learn what to do And you have to learn what to do and you have to learn when to do it and you have to be on board Okay, so when you come and you want to learn from me I'm I'm helping you to train your own eye to see things in the same way that I see things Because I see things ahead of time. I don't see where the gap is going to happen I see the gap and then I see where it's going to go after the gap has occurred on the live day because we only trade on the live live day Okay Now this was a call again back from the end of may And again, I like the shorts. So this was facebook Start close to your gap down fell closed here gap down fell. So this is facebook facebook fall for planet here Beautiful move again, whether you did a put in it or whether you did a day trade short in it That was the facebook But again, you see if you went long here and this 50 pure move an average you would have lost Because facebook tanked here at least for that short term period And again when you're trading when you're trading and you're and you're looking to get in stuff Again, we're not Warren Buffett here. We're not like long-term investors And even the options i'm calling are out for a week or a couple of days or two weeks It doesn't even mean you need to hold them for that whole period. Okay Any questions so far So focus on where the momentum is Focus focus focus So let's talk about a day trade here. This was back Again, we went long today, but this was a short again. I prefer to short. It was ccl Stop close to your gap down open drop. We shorted the tail. This is a daily chart So I rate the gap in the daily chart and here's the one minute So we trade it on the one minute stop close to your gap down open drop boom We shorted it got the drop. This is what I look for every day A literally we could be in and out of the trade in two minutes three minutes four minutes five and it's 10 minutes This is what we do. Okay every day boom boom boom So that was it So this was one where the gap rated 23 points. It rated pretty well entry 4690 shares 4 000 Risk was an advanced trader risk 2400 exit 4615 profit 3 000 Very nice move. I'm going to go back and show you this here again. Take it get out short it boom Okay, and again if you're in the live trading room i'm calling this i'm calling the entry i'm calling the stop I'm calling the exit just like we did today in the market okay Any questions just write them in the room here So as far as the time of day And again, I've got to see that set up by 10 10 a.m. At the latest And really if I don't see anything it's getting close to 10. I'm probably not doing anything in the day institutions tend to make their moves fast Fast fast fast. In fact, you see that the market in fact, let me pull the market up here since I'm just talking about this time of the day Because I just want to see exactly where The high of the day was for the market if you can just hang on here one second where it is I know we did have this pop Well, that was two o'clock Let's just see here where we were This is a spy. This is what we did today in the trading room Look at that Beautiful. So we literally we went long in here the market today. Some people got out in here, which is fine It was profit we but if you followed me today, you held it longer This is a beauty. We literally got out of this by the day. We can have out a better exit. We tried um I think that was the high of the day to 9966 And it was beautiful move gala had quick put in here bbb y I'll look at it if it's up. This is earnings Dave is asking an example 4 000 shares of 46 how large of a count you need it depends if you have a prop account or retail account If you have a retail account your margin is 4 to 1. That's it If you have a proprietary day train account your margin will vary It may be 10 to 1. It may be 20 to 1 So you can do the math So let's just say for example, if you had an account you take 46 dollars times 4 000 I'll tell you what you needed for both That's a hundred eighty four thousand and bp you would have needed If you had a retail account you would have needed 46 grand if you had a Prop account you would have needed 18,400 Got it davidah But by all means you don't have to risk 4 000 shares of that you didn't have to do that This is this is if you're trading for a while if you have a big account If you've done the class if you know what you're doing you could risk 200 dollars and it would have been a profitable trade Do you see what i'm saying? You don't have to take a big risk in order to use my system Your risk should be in accordance with the size of your account and david let me know that you understand that answer to your question You can use whatever platform you want. That's totally up to you and this bby is absolutely bupkus I'll look at the other things really quickly here the galley had put Uh That's nothing. This is nothing This is something So we're gonna we're gonna look at this tomorrow This is something to watch now. I don't know where this opens, but this is definitely worth looking at Oh, at least we have we have something decent to look at tomorrow That's good news. All right. Let me get back So if you want to refer off her broker, you can email me, but i'm not a broker They will be more specific of the questions. It depends what type you have Some people start out with prop accounts and move into retail accounts Some people just don't do the day trades at all they end up doing options because you don't need any margin with options So then it has nothing to do with the cost of the stock It's a cost of the contract and we will talk about one options trade as well Uh, if you want a trial to the open house this week email me at melissa at the stockswish.com Okay, I can send you that when we are finished here this evening Anyway, is it about is it about the time of day? Time of day time of day time of day focus precision time of day And again good exit on that spy trade today time of day Now this was another one here This is cag back from end of june Stock closed here a gap down foul And you see this big red bar. So this is what you want to do. This is these are the good ones Okay, this is nice You could have done a couple trades in this and we only did one but you could have done a couple And and that's nice and the earnings season starts next week And we're going to get a lot a lot of good plays in earnings season I think it's going to be extremely volatile time to trade in the month of july and august Okay, and the market will add to that And the things that are happening in the world is going to add to that too, which adds to the volatility in the market Now here was cag cag closed here a gap down open dropped boom push back again fell So again, you shorten it get out take it boom. Do you see here where the price is? I'm taking it over 27 20 See this in here This isn't more than a buck And that's it and literally just look at the time of the day 9 30 This is 9 50 9 50 This is all you need You don't have to sit nagging eyes and blah blah blah blah blah and look at everything and watch the market and get all crazy All you have to do is this Do boom boom boom take it get out do do but you have to get this in the right direction Because obviously if you went long this you lost this is not a long. This was a short How do I know? Look, this is the bar Okay And again, I'm calling these trades in the live room. This was a this was a 22 point rating Okay, entry 2688 shares 3000 eggs of 2617 Again, this is just the morning move 2130 you do not have to take 3000 shares. You can take 500 shares. You can take 600 shares You can take 1500 shares Whatever if you took 1500 shares you still made over 1000 bucks in this It's what you can afford, which is your cash account And the amount of margin that you have as well Okay Any questions here so far besides the one I asked today So how how do I predict where things are going to go? Okay Because I rate the gap. I rate the gap using my checklist And I do it in the pre market And like that price smart I could rate that tonight now. I'm not going to because it's late. I'm tired I'd like to get up fresh. I'm an early morning person. So that's why trading in the eastern time zone works for me I get up early. I look at the market. It's my process. I'll check and see what's gapping I'll rate stuff. I'll have my breakfast. I'll have coffee. I'll see what's happening in the world And that's what I do. So I like to do it in the morning, but you could rate price mark tonight Theoretically because it's really gapping down tonight. Okay So it's a three step process for me and again Get yourself in a in a in an organized pattern. I get up in the morning I rate the gap predicting the correct directional bias. It rates 20 points or more per to my 26 point rating system That's it. And then two I take the trade as an option or equity trade That's it and then three I book the money into the momentum move That's it Okay, and if the trade stops out then we take a loss because I do use stops The stops are there as the insurance. They're there to protect myself. Okay, so I want to make sure that I Don't lose an endless amount of money in a trade That's how you have consistency as well There's nothing you can do when a trade stops. Sometimes the trades just don't work And also and I'm going to say this here and I don't want to get too off off um Track from tonight's discussion But the longer you trade The better you get You'll handle losses better when they come I know you're saying well, well that shouldn't be you know, you the better you get you should have no losses No, there's no one out there Even if they're great at what they do which I am that doesn't ever Have a loss There are times when things don't work and I call it the gray area If you look at the market, it's black and white. You're really going to struggle to ever be successful In any consistent manner and I'm talking consistently over weeks and months and years You must accept the fact that sometimes you have to kill a trade Or you have to take a stop and a trade doesn't work and you have to accept the loss You will be better off in the end And you will become stronger through the process by understanding that and and if you have a The type of personality like I do it will actually help you Proceed in a in a stronger direction to make more money. I don't know if that makes any sense, but Does everybody get what I'm trying to say there Many times what happens with traders is they take losses or they take a loss and they get weak And they lose more and they get weaker and weaker and weaker and weaker and poorer I'm kind of like the opposite if something doesn't work out for me I try to analyze it see if there's something that I missed Sometimes there isn't it just didn't work and then I tend to come back Stronger and make more money It's very interesting So I'm telling you through the process of understanding trading If this is something you really want to do and really want to do good at and really want to make a lot of money doing Then listen to what I'm saying. Okay, because most people what happens is they take losses and they get weak and weak and weak Okay Losses teach you something it teach you to get strong and toughen up Accept it as part of trading because it's a gray area because you're never not going to have any losses And you must kill trade sometimes when they don't work, which is basically taking a stop because we use stops And evaluate if you did anything wrong and sometimes you don't it just didn't work but it's all part of What you're doing of this process to get better and stronger and eventually make more money Because you go with the ones that are working On your trades you call out what percentage of your trades we say are successful over long periods I don't know what you mean by long periods day trades as far as day trades We're doing we're running out in a couple minutes. So that's not a long period to me Options trades aren't long periods to me either because we're doing them out for a week or two weeks So I'm not calling any long-term swing trades. So I don't know what you mean by long-term periods my average win ratio for All of my my program itself, which is the golden gap whether you're doing his options or equity trades is 80 percent, but I don't know what you mean by long-term period I'm not calling. Well, I shouldn't say that I there's two trades that I've called out long for um for the options letter And actually I could resend those to the people on the letter now because it's still not too late to even take those Even though I called them a couple months ago But that is so rare that I don't want to I don't want people to assume that I'm calling trades out like so long out But I did this year because I should because I just did because the cost of them was so dirt cheap And and they're all up and it's actually not even too late to do them Um average win ratio is running 80 percent. Sometimes it's higher Sometimes it's a little bit less again. It depends on what's happening. How busy we are how many trades we're doing We're getting into an active period here in the month of july and august even though you say well It's the summer dull drums. It's not for people that do gaps. So for me particularly It's a busy time because you have earnings now. This was a this is a really nice call I think some people get out of this too early, but this continued You could still be in this but I think really the exit was the other day This was the ba puts 362 50s expiring 712. I call it in june 27th So here's the ba chart. So here's the 27 stop close to your gap down You could have done this as a short as a day trade one this day here And it could have went just boom taken it or you could have bought the put and again There's the drop Okay, so cost was not cheap in this but it wasn't crazy 550 12 contracts risk was 6600 I did an out of this because I really really liked it 24 contracts average price and was 625 Exit 1280 profit 15 720 you still could be in this trading would be positive actually Um, I don't know if anybody is though. I really don't know if anybody is but this would you would still be up in this trade This was a really really really nice move And ba even looks in fact, let's pull up ba right now while we have this one. So I just want to see um Just want to see here if this is down tonight Uh gal ahead. I think you're talking about the 350s. You're talking about the 350s aren't you So low here was street 51 25 Here this is tonight So we'll see what this does tomorrow I only think this could be lower tomorrow This closed extremely weak today Gapped up today with the market fell today in the day even though the market rally falling here a little bit tonight Yeah, I'm talking about the 362 50s in this in this webinar gala had the 350s I mean, you're you're just waiting them out here. There's nothing to do the 350s could go tomorrow I just I just think this is lower the 362 50s gal had I don't know if you did them or not, but they were they would still be profitable if you're in them So if you're talking about 350s, yeah, you got to you got to wait until that drops Any other questions from anybody else? So far So anyways like that ba back from the 27th in june I rate the gap and then I look at it And then that's how I'm determining what to do and ba has earnings. I think july 24th. So today is the What is today? Today's the 10th So it has two more weeks two more weeks to the ba earnings So we'll see we'll see what happens if it drops through that 350 number Or if I'm going to want to do anything else with that until after the earnings since they are two weeks away They're not that far out But that was a nice play for the 362 50s and I think it still falls tomorrow We'll see if it gets through and beyond that 350 number, but that is how I determine To call these trades Whether it's a day trade where it's an option and I do look at it for the cost of that for for something So I was asking about margin earlier It made sense although you could have day traded ba back in the 27th Yes, you could have it made sense to do that as an option If you wanted to take the size in that and hold it to get that bigger move, okay Because I dropped, you know 10 plus So how many gaps per week during each quarterly earnings season three to five quality gaps are more Usually I'm looking for per day doesn't mean I'm doing them all I might do one Okay, and then not earning season it might be three to five a week Okay, because it's really just a function of how many gaps we're getting You get more in earnings season and that's something that I just can't control you have to wait You have to see the gaps. I don't know until I get up in the morning Now we looked at the the one tonight The pet smart or the price smart that may end up continuing down tomorrow We have to rate it in the morning But right now earnings season like I said doesn't start till next week But a quality gap is one that rates high enough to trade based on the rating system So my plan is to try to get in and out of trade trades quickly quickly quickly quickly And that's why we're out of the spiral early this morning And you have to like know what you're doing again If you if you want to hold stuff the options are better If you're in and out for the quick money and the day trades are better Just figure out what you want to do. What are your goals? How much money can you afford to risk? And again, you should be looking to turn it over at least once. Okay And and good trades can go three, but then you've got to be willing to hold them Now amazon looks really really strong That was one I called as well today and that one is a call and that one has some big targets in it But you've got to be willing to hold it And you've got to be willing to hold the trade And so this is this is where you have to decide like where you're at I tell people listen if you have small accounts you might want to get out quicker to book money in chunks Because you want to build it if you have a small account like $2,000 and a $2,500 and you want to build it So on average though, you need to be risking $1,000 per trade to hit these kinds of numbers But you can certainly risk $2,000 That was the example earlier in the ccl And either way you have to look at your cash size of the account to determine your risk I call out the day trades in the trading room entry Stops and targets and just to get out But the options is a separate service the options is a newsletter We do not review options in the trading room That's a separate service that you will have to sign up for it's a newsletter That you manage the trades themselves, but I do call the exact strike Here this is what the options newsletter looks like it's right here But you have to manage the trades yourself. You have to take the exit yourself Everybody's doing them differently to be honest with you I have a whole wide range of people in this letter now Some people get up when they're up at anything at all. Some people don't let the trades play out They kill them if they're down 50 percent. Some people let them play out. Some people hold them It's just completely based on what works for you for this letter So there's the money management for the options letter is on you And that is nothing to do with the trading room, but there's no prerequisites for the letter The prerequisite for the trading learner if you want to join to get the live calls in the room Which are not options calls. They're day trades. You must do the class Okay Where was I here? Anyways, I I do like to short a lot So you might be shorting the one tonight that galley had mentioned we'll we'll see But anyways, it's all based on my system. It's called the golden gap system The golden gap system is a 26 point professional bearish gap rating system The purpose of the system is to help you evaluate which gap to trade each morning using a checklist I've been doing this for more than 10 years and I rate gaps that I do. I don't I don't do anything. I don't rate You have a day trades then then you can do the trial this week if you want But you must sign up for the class in order to join the room So the golden gap course teaches a 26 point rating system to find the best stock to trade each day The course also teaches you how to enter and exit the stock on the day to get good risk to reward trades The course teaches price analysis and technical analysis on an advanced level The course teaches a more proficient way to read supporting resistance in the right direction And the course teaches you to focus on one strategy in a detail manner She become a good trader and I think that that's the important part and as I was saying about that earlier If you want to get serious about this, you got to get good and so many people are so wishy-washy Wishy-washy about their strategy the trades the risk all of it and their commitment the commitment level isn't there so my commitment level was My commitment level with this when I started was full on from day one and it's never wavered And that's one of the reasons that I'm successful I just never wavered off that commitment level, but that's kind of my personality as well Like I don't do something half-ass it Like I can't be bothered if I don't want to do it So I mean you kind of have to take that approach to it if you want to be successful But but if you if you do you really can do well the money is there in the market to be made I'm telling you people and there's so much volume of volatility going on this year. You may not know it, but there is You're just not playing the right things So the golden gap reading system is a 26 point checklist. So what am I looking for? I'm really analyzing a large time frame Which is a daily chart to make the trend decision on the directional bias for the gap All large traders of every kind look at large time frames to make decisions particularly institutional traders And then to make entry decisions and exit decisions in a time On a small time frame with a one-minute chart because that's where I'm calling the trades in the morning And then I that's the focus for me the high degree of accuracy And then using the daily chart to make the decisions for the stock pick allows for accuracy in the direction And using the one-minute chart allows for good risk to award trades with accuracy too Any questions here so far Success in the market is about skill not luck to be a successful trader. It is not about luck It is a skilled based career. You have to be good. I mean it's just as simple as that It's not like going to mcdonald's, you know, it's this is like you have to actually show up and be present All highly paid careers are skilled based physicians musicians attorneys You need to have the right skills of knowledge in order to succeed The interesting thing about training is that people either One don't realize how important the right knowledge and skill set is before they risk money in a trade I think that's The case a lot or two. They think they have the right knowledge, but they really don't That's true as well. A lot of people think they know how to trade and they're not making money That's it's kind of dumb. You think about it. It's like, okay, if you're losing, why would you think you know how to trade? You don't Because if you do you'd be winning Now I get this question a lot is the class beginner advanced You you are learning my system so it's all new for anyone if you've traded for 35 years My system is new to you. You don't know it. Okay, it's going to be new if you've never traded before my system is new to you It's new so either way you're going to have to learn what I know And that's the reality. So whether you find my information easier hard I don't know and you won't know either until you do the class I will say that I'm here if you have questions Obviously joining the room is a support system after the class as well. You will get it. I will help you get it I will do my best. You can feel free to pick up the phone and call me and ask me questions too I mean you have to start up the ladder on the right path if you're doing this Otherwise, how are you ever going to become successful staying on the wrong path? Like I was saying earlier if you're doing something where you're losing money, that just doesn't make any sense At some point you have to say, you know what this path isn't working And I'm going to get in a different path and it's about change and you have to be willing to change It's not about failure. You can if you quit doing a strategy you're losing money If you're down money in the year in the market from 2019 You're not you're not saying well you failed if you're quitting and doing something else and you have to pay for a class like mine To do it what you do It means that you're getting on a new path and that's something exciting That's positive. You're making a change that's good for yourself. It doesn't mean that you're failing It doesn't mean it's something that you have to look at negative You have to look at it positive changing past sometimes and life can be extremely positive and it can be empowering for you Too many people stay on the wrong path for too long because they're afraid to say to themselves That it's time to change or get on a different path that they feel like then they fail And not everybody just wakes up in the out of the blue and all of a sudden learns how to trade and knows how to do it Successfully, that's just not realistic. You may take many paths You may take many paths until you meet up with me and you just have to be honest with yourself And it is important to have a positive mindset a lot of people are very negative mindsets once you're losing the market And I get that I get it. I totally get it But it's not going to help you in the long run being positive if having a positive outlook is going to serve you It's you need more than that, but I mean definitely definitely it helps Okay I only usually call that one trade a day I might call out two, but if I call out two, it's for a darn good reason Two amazing gaps or we lost in the first trading. We call a second trade most days one One one one one one is what on my focus is and what I'm attempting to do every day with success I don't trade all day. Again, that doesn't serve you either Anyways, it's about resetting sometimes to move forward Sometimes you just got to do it It's like it's like uh doing a cleanse. I know it's summer A lot of people say well do a cleanse in the spring, but you know or in the fall change the seasons But hey, you know, you can do a cleanse now. You can cleanse yourself of all your bad habits with trading Just like you go on a food cleanse and you do it You just do it. I mean you got to reset yourself to move forward You got to change your mindset if it's been negative and positive You got it. You got to just get honest with yourself And you got to be willing to move forward It it has a lot to do with having the right attitude It has a lot to do with your dedication to your own success It has a lot to do with your own personal commitment to this. It will cost you money You're not going to learn what I know without paying me for my information Which is in the class and that's the reality of the situation It's like saying that you're going to make You know 13 grand in the market and a train without risking any money or without only risking a dollar I had a conversation with a guy last week and it's somebody that I've had multiple conversations with And he was going on and on and on and on and on and on about this concept of taking $500 and turning into a million I just had to shut it down with him immediately. I was fully full on honest with him and say no, you can not do that Stop thinking like that as soon as you accept the reality that you are not going to be able to do that That's not going to happen for you that you'll do better If you have $2,000 to trade with you're not going to turn that into a million dollars in a year I hate to tell you I hate to burst your bubble. That's not reality Could you take a $2,000 account and build that $2,000 account to $4,000 Then take that $4,000 account and build it to $8,000 Then take that $8,000 account and build it to $16,000 within several months of time trading well Yes, that's realistic So when when you when you get down to reality when you become grounded Then you're going to start to make some real progress Okay All these crazy things that people think are not helping you it's not helping your emotions It's not helping your mindset Okay, and all of the above So think like a successful person that wants to not only be successful but maintain that level of success It's not just about having one big trade You want to have lots of good trades lots of positive trades not just the one big one You want to have lots of good ones doesn't mean you're never going to have any losers You are going to have some trades that lose but you're going to manage them accordingly per your risk. Okay I'm thinking positive is important and I say don't let anything stand in your way of your success If you're busy, you're going to have to make time If you're busy, you will have to make time to do the class. It's on a weekend It's nine to five Easter time the class is July 20th to 21st You got to block out a weekend to do it It's time away in a summer weekend if you want to learn how to do it, but it's well worth it You do the class you learn it and then you've got it down Yes, you have to do the golden gap class to have access to the trading room You can do the trial this week for the open house But you must do the class to join the room. Yes These trades set up very quickly and everyone in the room is a student Any other questions here again your goals think about them is reasonable chunking it out So empower yourself today the golden gap course is a complete system to use the trade Again, the class is a full two-day course in how to strategically find pick-and-play stocks that are professional bearish gaps Classes online. It could be anywhere in the world and take it So the next class is july 20th and 21st 9 to 5 Costs to the class is 59 99 if you're interested in signing up you must email me for the forms at melissa at the stocks Wish.com now I am doing a Christmas in july offer I've been watching hallmark Christmas movies all month, which is hilarious, but I've been sick And I found them on tv and it's put me in a christmasy mood and everyone's doing it I found like three different christmas movies last night Even the food network was doing like I baked off the other night. They were making christmas cookies. I was rolling Um, so i'm gonna do it too. So i'm doing christmas in july If you sign up for the class in july by july 19th You'll receive a trading room and options that are free to the end of the year This is a great deal So you get all my trade calls both options and day trades access to the trading room until the end of the year Free and the letter But you've got to pay for the class the normal class price is 59 99 anyways And you email me at melissa at the stocks wish.com if you want to sign up I do the class once a month aj Okay But this christmas in july offer ends july 19th For the room and letter free Any questions about anything so far from anyone At all has everyone doing Made it through with my voice. I'm getting better Feel better. I just don't sound better Any questions from anyone about anything at all if you want access to the open house email me. I'll send you the link I sound better Kathy terrific Let's try to have a good uh Good end of the week here good solid day today wednesday. We got thursday. We got friday A slow week but solid so far, so we'll see what we get the next two days and um And we'll go from there Open house is thursday and friday, correct and kathy's putting in I guess the link takes you right there Kathy did you take the password out off for the room if you have questions you can email me here at melissa at thestopswush.com Okay Next week remember is a big week Mueller's testifying earnings season starts Gonna be a lot of volatility Okay We'll see what happens. We'll be watching ba tomorrow and amazon those are the two top picks right now All right, everybody. Have a great night. Email me if you have any questions Thank you, Kathy You know I usually get up on my soapbox But not for many and I will get up on my soapbox today And I will say that i'll assist in my customer for a very long time and her customers know my customers We're very long time nine years And I do know she's out there changing lives and when she says that she will help you get it She means she will help you get it. She really she parts in a lot of her personal time To train students to their students guide sessions hot concepts and be named it. She'll be very flexible to work with So and she's got a very busy life of television schedule and everything but she makes time for everything you will personally take that class And some people just get it from being in the room So yeah In any event, that's all I have to say about that I do appreciate y'all spending your time here. We know that time is that commodity. You're not trading out there There's too few little bits of minutes and if they can add two more weekends in a week That would make me happy They all have a great night ahead. Good day training tomorrow a lot