 Can you hear me? I heard a terrible echo there. I just wanted to know if you could hear me before I start just write it in the room Okay Wonderful Thank you so much Thanks so much for coming everyone and welcome for those of you that don't know me My name is Melissa Armo and I own a company called the stocks whoosh and And today I'm going to talk about how you as a trader an individual if you're not a trader Can make six figures a year trading 30 minutes a day I Day trade okay, that's my main focus as a trader And so what that means is that I'm in and out of trades quickly in the first half an hour of the day It's a prime prime time to get moves in stocks that in particular that are setting up that I'm looking for that are gapping And if you don't know what a gap is we're going to go over that today as well I don't think it benefits people trading all day until four o'clock people tend to give money away The more trades that they do so what I focus on is just capturing a move in a stock in This first half an hour period between 9 30 and 10. Okay Now I just wrote hi there if you have any questions as we're going along you can just type the question in the room Okay, I will see it and I want to say the question out loud and answer it for everyone If you'd like more information you can email me at Melissa at the stocks whoosh calm and feel free to Follow me at any one of these social media places and also you can give me a call if you have questions of my method at 929 3200 gap Just to talk a little bit here I wanted to talk about some general day trading questions that I I've gotten recently and I thought that they were important to to talk about in tonight's webinar somebody emailed me over the weekend and they said You know Melissa isn't trading gambling and I said no, you know day trading is not gambling You know, I think a lot of people do Look at day trading that way And one of the mistakes that people make is that they just don't take it serious enough And people will go into free webinars trading room trials trading room open houses do, you know cheap classes And they will do all of this without really a lot of thought or seriousness to what they're doing Because they don't want to spend a lot of money or take a lot of time to learn Because in their mind their belief system is the trading is gambling and it's a 50 50 kind of shot All right, that's what a lot of people think their odds are I will tell you when I take a trade, I don't look at it like 50 50 Now is there a possibility that every trade I take may work or fail? Yes But in my mind, I have such a such a strict system such a Such an analytical system. I do so much analysis and prep work before I trade Okay, which is what you would learn from me that to me before I decide to take a trade or take any risk at all I do not look at it like 50 50 I look at it more like 95 by five or 99 by one I mean, which which may sound crazy, but that is how I look at it So if you're one of these people that thinks that trading is gambling that it's probably because you have absolutely no idea what you're doing Okay, and you don't have any conviction in the philosophy or even idea or concept That that what you would trade that's what you would decide to trade or the stock You would decide to trade because I trade stocks would actually Have a high probability of working in your favor to predict. Okay For example, we are going to go over the trade from today The trade from today I shorted a and f and it worked So what I'm looking to do every morning before I trade is predict what stocks going to work And in what direction I'm going to take it before I take the trade And so this idea of gambling if you want to do this the best thing that you can do for yourself Is to get this idea out of your head because if you truly believe this Then you're you're you're not going to do well. Okay So it is about taking it serious And that's about the focus and it's about the prep work and the time you're taking to do things You know one of the reasons you have to be very thoughtful about your trades Not over trade have a system be ready to go Know what to do Okay, have the conviction is because there's a lot of people in the market This guy this guy here's all the money Okay mountains and mountains and mountains, but because everybody wants the same money Okay, you have to Go into it with a structure and a strategy And a mindset to take it and to take the bag of money and to win to win Okay, if you're thinking of it like gambling that's not going to work out for you. Okay Now here was the gap from this morning now for those of you that don't know what a gap is I'm going to tell you this is a very basic explanation, but When a stock gaps it closes at a certain price The night before at four o'clock Which in this case would have been friday because it was the last trading day, which was last week today is monday morning And a stock opens at a different price on the following morning So today was monday morning. So this a and f opened at a different price at 9 30 then it closed at four o'clock friday And what i'm showing you here is the gap happening a lot So here we have All of this here. This is a 15 minute. This is the downward trading Gap selling off in a and f in the pre market So in the morning, I get up when i'm looking for stocks to trade, which I found this this morning This is the gap happening Live down here. You have the time of day. So all of this is in the pre market So you hear here's 9 30. This is before 9 30 Okay, and then you have the live day. So this was a short So actually this stock had a huge move of the day now going back to what I was discussing with you How can you make six figures a year trading 30 minutes? Well, I'm going to show you the setup of the trade But the first thing is to find the right stock to trade and you got to get the direction right If you went along the stock today, you lost anywhere you took it if you shorted it today You made money, which is what I did. So the stock closed the night before up here and opened down here in the morning So again, this was friday at four o'clock around 12 dollars and some cents Monday morning here boom opens at 10 something this Is the gap happening And here you can't see it because I have it separated on the daily chart But it's actually this is the stuff i'm looking at in the morning when i'm predicting That I want to short a and f on the day, which I wait until the open. So here was the trade This now is a one-minute chart. Okay, so remember I told you I'm looking to take trades between 9 30 and 10 So the stock closed here gap down boom dropped Doom was in it shorted it stop here got the drop now I got out very quickly in this, but I will tell you the stock kept going. Okay kept going Target was 10 Then next target was 9 80 9 75 this stock bled all day. It really was a good short I could have made more money in this, but I was very happy for the money I made, but this was a nice move So for those of you that you know are looking to do what I do you will be trading in this time period In this first half an hour But this is a good example here. We're actually could have held it more. I'm gonna go back. Here's the daily bar I don't know where this closed, but it was closed probably to the low here So this is what I do. I'm looking to get trades just like this Boom boom every morning and I usually only do one trade Every once in a while I will do two But usually only one and we will go over the the stats for the trading room calls in the last month And a little bit here, but does anyone have any questions on this if you are completely unfamiliar with gaps? Don't worry about it. You will learn what I do If you are unfamiliar with shorting the concept really is very simple again, not complicated It's about the idea that I'm predicting the stock price will drop And when I'm predicting the price will drop if I'm taking the trade and the price does drop in my favor down Then I short it and I get out when the price drops in the case here For example, if you would have shorted the stock at 1065 Boom and got the drop anywhere under 1065 if you would have taken the trade out Covered it. Okay. It's you cover the trade to buy to cover. You would have been profitable So shorted this trade 1065 stop was 1110 Exit for me again was was really quickly in six minutes. I did this trade and it ended up going to 960 950 something it actually went to But I like to get it out quick and my goal for the day is in profit in this trade $1,470 in six minutes So you can see here how you don't have to be in something long Now sometimes you might want to hold it This was a very good gap today. Okay. I have a system that I'm looking at that I follow It is a rating system for choosing the stock this rated good today rated 21 points Per my 26 point system, but my goal was in it hit the first target. Boom. I was out Another really important thing if you want to hit these these kind of numbers that we're going to talk about today You know making six figures a year is when you are up in a trade and your goal is is in for the day You have to be right on top of it because something can reverse against you It is very important to book money and trades on a consistent basis over and over and you just keep the losses down I call it chunking it out Okay, any questions here about a and f Really nice trade here really good short Really big move for the stock to start out the week to start out monday Any questions about this So every day i'm looking to capture the move quickly quickly in the morning Just get in get out get in get out get in get out Okay, but i'm figuring all this out here In the pre-market. So i'm i'm not making that split second decision On the live day i'm i'm actually doing it All the work in the prep Saying this is the one I like it Of course, I don't get in it though until after it sets up and go back here I don't get in the trade until actually on the open I do not trade in the pre-imposed market our staffs respected. Yes, they are respected because I put them in It's not an imaginary stop. It's a real stop John just asked for stops respected It's not about respect. It's I put it in Boom if I put as soon as I take the trade. Do I get it in? You have to otherwise all is lost What if this did not happen? But what if it didn't work? okay Let's just say for example This did not I shorted it here Let's just say it went to And it went all the way up literally as fast as this dropped It could have gone in the opposite direction that did not happen But if it had Guess what my losses would be unlimited. So it is a stop The order is there you get it in and if it hits you out, then you lose in the trade But you want to be out I'm not afraid of stops. I don't I don't understand why some traders are anti stops. I mean, I just I I think it's funny I was having a conversation with somebody the this is like a couple weeks ago And they were like you're one of the few people that I know that continually lose the stops and I'm like, yeah Yes I have for you know eight years. I will for the rest of my life. I mean, I just can't see myself ever not using stops I mean as long as I'm an individual trader Obviously, if you take, you know, 150 000 shares is something if I owned a fund There would be nothing like that where it have a hard stop in but I mean I still would have placements where I would know the trade would be off and it wouldn't work Then you'd have to take it off But the problem is as a day trader you don't have a lot of time if it reverses against you Number one and number two a lot of times people just go And they freeze and then then they then they don't take it off So you avoid that issue of yourself freezing up like a jackrabbit by just putting the stop in You are deciding I'm going to risk a thousand bucks today 500 dollars 200 bucks You size yourself recordingly bump you take it. Okay So I usually rough out my size In this case here today, you know You can you rough it 40 cents 50 cents, you know, you have a short amount of time to take the trade Either way if it fails you're out if the stock was over the number That's that's you know, you're gonna learn from me if you want to do the class You've got to put the stop in if you don't it's you know I think that's crazy to be honest with you and I've had people come back to me and then they say Oh, I didn't put a stop and they know they should put stops So, you know, what can I say, you know, I'm not I'm teaching you things that you've got to do If you want to come and learn from me, you got to follow the system. I've never regretted putting a stop in Never my whole life Now let me talk about something else here because people ask me this too before we get into the trades more Some questions about trading with me. Okay. What what's the deal? What's the easiest and hardest things about trading with me because if you want to learn my system And you want to trade with me in the room people ask a lot of questions What is the easiest thing about trading with me? Well, the easiest thing about trading with me Is really truly that I call one stock symbol at a time Okay, one usually per day one at a time Even if I look at two things, I'm only doing one Stock symbol at a time. Okay Very easy to follow. I call the exact entry stop and targets for the exit I'm very focused. So it's easy to follow me and duplicate my trades, which if you'd be in the room, that's what you'd want to do Also, I'm mostly short. I do occasionally go long, but I prefer to short So it's really not confusing for you to figure out is Melissa going longer short today You always mostly go short if we're going long. I say we are going long today and I make a big deal of it So then you know that too because a lot of other trading rooms You don't know if they're going long or short to stock. Okay, so I call the trades in live time after the open However, I also will give the number one pick before the open So that you'll have time to prepare which stocks symbol to trade have it up getting your platform Figure everything out. Okay. I give the targets in the morning before the room the gap rating And all of this advanced prep work, which I'm doing in the morning in the pre market really helps And it helps you to be more organized And I make more money when I'm more organized. Okay. I don't trade on the fly No, what's the hardest thing about trading with me? The hardest thing about trading with me for some reason not to me But I'm telling you what other people have told me Is that they have difficulty figuring out their exact sizing based on the risk Okay So what this means is if I say, you know, the entry 65 by 10 Like just today or 10 by 40. Okay 10 by 40 means your risk is what 30 cents But everybody risks different money amounts Some are risking a hundred bucks. Some are risking a thousand bucks. Some are risking 250 You've got to know, okay 30 cents times 500 shares You have to know what your monetary risk is and then the quantity that you would take Which in this case here if your stop was 30 cents and you're risking 300 bucks You could take a thousand shares But, you know, you have to figure this out People have given me, you know, they tell me that they find this difficult I don't think it I I never found this difficult for myself But, you know, for some reason people do I don't know why but I'm telling you So the best thing I would say is to have a calculator Okay, practice mathematical tables in your head and I do give people cheat sheets after the class That's the best thing that I can say to give you some some tips But you do have to be somewhat good at math and if you're not you have to have a calculator. All right Now I'm going to go over the last 27 trains that I called in the trading room back since the last five weeks Because I took time off for the Memorial Day holiday and July 4th holiday Things to note is it was really not a good idea actually to trade during the holiday week I did get some feedback from people. There were some things to do last week. I was surprised But the market volume was very very low I focus on trading stocks that move with a lot of volume that are traded by hedge funds You know institutional traders and most of those people take the holiday offer on vacation So I focus on trading the busy season and we're getting set up now and ready for the busy season Which is third quarter earning season So when stocks gap they gap for many reasons sometimes it's news sometimes it's earnings So third quarter earnings season means there will be lots of companies that report their third quarter earnings and they will gap Now whether they are good gaps or not good gaps. I won't know to the gap and also Again, things could gap up and things can gap down Any questions so far okay So anyways, let's go back here May 18th Cisco again, this is based on a thousand dollar average risk here Some was a little bit less some was a little bit more just so you know Footlocker was a good one 24 50 then was off for the memorial day period May 31st was cores 700 bucks. Do you see here how You you don't have to make some huge huge are a risk amount per trade and you can put together A decent week and month. Okay, and still hit your mark The key is getting the trade right The key is also getting out when you're up and also keeping your losses low Now I did um, this was june 1st here. There was two HPE which was a winner 2500 and expr which was a loser There are some days if I take a trade and one doesn't work that I will do too. That's up to you But sometimes that's when I do the two or if there's something really really good Actually, you could have done a and f today twice. Some people in the room did and made more money I just did the one our h 1260 bucks 65 no trades June 6 hds had two setups. This was a really good short Two trades 900 dollars and 3300 total profit 4200 So you will have big days in a course of a month, but not every single day It doesn't matter if you keep your losses down and also like on june 5th No trades there will be days when something does not meet your criteria Again, this goes back to the idea of the gambling. Sometimes people want to gamble. They say, well Let's just try this one today. I don't I don't do that anymore You know, you don't just you're risking a thousand dollars If that if you get to that point where you're in advanced risk, it's like, you know It's not like oh, I just let me try this one. No, no, no, no, no, okay And if your mindset is that you're only risking even a hundred dollars You shouldn't think like that because if you ever want to get to the point that you're making a lot of money And you're risking a thousand you have to act like you care, okay If you don't give a crap about risking 200 shares, how do you think you're going to give a crap about risking 5000? So you have to get your mind working like you care care care care care like every trade is important Everyone counts Every amount of money that you make is valuable All right Now June this is the month of june here june 7th dlh Is a short Again, most of these are short. It's a thousand dollars urban 930 pay was tough Did two trades in the pay first one failed did a retake in this one But that was a hard hard one in the pay. It was a short Another day. There was no trades that met the criteria june 12th june 13th cake was good, but small 400 hrb 800 kr Was a good gap 2080 bucks. Okay, see here. Do you see here? Some days you will have a loss like the pay Was was a crappy setup in the first one And if you didn't do the second trade and lost the first one it you still has a solid week And one day was no trades Target 1200 spy was a little trade which was a long june 20th no trades adobe adobe was 1560 loss for me that was actually a long Didn't work out oracle 935 loss and then bbb y was a good one on june 23rd 3550 profit. So that was a tough week for me But still ended up having a good month again You take the stock Actually adobe is a great example If I hadn't taken the stop on that I would have lost a lot of money The stock didn't work. It just didn't work on the day. Okay That's another thing too before I get into these other ones here You know It's you can't take it personally if the trade doesn't set up and work I know I know that's tougher people But you know sometimes I go back and I look and say well, was there anything I missed and you know a lot of times They leave there isn't it just it's just part of it. Sometimes things don't work Okay, it's like sometimes you get in there You get in a relationship with someone and you you think it's going to work and everything's great And it's at the beginning and everything's fabulous Then it doesn't work out It's nobody's fault. It's not your fault. It's not the other person's fault. It's just life. Okay But you do have to do a method and a strategy and a training system that works way more than it doesn't Okay, but you can't blame yourself every time one thing doesn't work And you can't have a conifption if one trade stops you out or doesn't work Even if you have one loss in the week, you can't you can't go hog wild You can't trade all day and you lose everything. Okay, take the stop You can always get up the next day and make money and that's this really how you have to look at it And it's not your fault. All right, people just take it so personally June 26 BBBY was a continuation gap if you risked a thousand dollars you would have made 800 bucks again That was a short ALDR On the 27th was a loss 1215 then a small tiny win right after 585 PayX was a good 1,050 profit Fred was a good one 629 2150 And then Nike actually was alone 1,100 dollars right before the holiday and then it was off. Okay And then today was a and f made 1470 So on average my system's around 80 81% here for this last period of the last five weeks 22 winners and five losers Sometimes I'm I'm right under 80. Sometimes I'm higher than 81. It just varies in the week of the month But this gives you an idea. So for a period of the last five weeks If you had risked a thousand dollars, which you do not have to but I'm telling you what you could expect None of these trades did I hold to some crazy number? Today is a good example. Okay, I actually could have made 75 cents more on the trade today And I I didn't I I got out. Okay, but you don't know You don't know if it's going to go to the second target or the third target It did But again when your ball is in for the day you take it you watch the numbers you watch the targets So if you had risked a thousand dollars in the last 27 trades you would have made what? 25,000 and this is you know, again Sometimes you hold a little bit longer than I might sometimes to get out a little bit earlier than me It doesn't matter. It's the idea of getting the trade Getting the stock getting the gap taking the entry with me at least paying attention to where I'm saying I'm getting out and if you don't get out exactly where I say then you are on top of it to watch Let me see if it goes a little bit more if it doesn't amount. Okay that kind of thing Okay So anyways and five trading weeks you'd be on pace to make what over 260 thousand dollars a year Obviously, this is well over six figures a year It is not out of the round of possibility for you to make real money like this trading Real money like this that you could be making an annual income trading for career Why it why isn't everyone Doing this because people have so many issues with money number one That is a huge huge problem Number two a lot of people have the mindset and philosophy that I discussed earlier that they believe that trading the market is gambling Which is a huge problem if you go into it thinking that And number three people don't know what to do They have no clue what to do. They might go long a and f they might short Nike They don't know what to do. They don't know what stock to watch There are hundreds of thousands of stocks you can watch in any given day to narrow something down to do exactly Exactly all these ticker symbols that I just gave you here for the last five weeks You know what this one this one this one this one on the day to know that how do I know it because I have a system I have a 26 point rating system. That's telling me what stock to watch It tells me melissa a and f boom do it rates 21 points You can watch this to short today and then I wait and then I get the setup and then I do it Okay So anyways, I have an 81% win ratio If you want to learn my system if you want to learn my system be a career trader, you can do it If you want to risk a thousand dollars a trade, you can you have to have an account that can withstand that Which we'll talk about here how much money you need a minute if you what if you can only risk half that What if you can only risk 500 dollars a trade? That's still you'd be on pace to make will over six figures a year You still be on pace to make 130 grand a year And I know half the year is over. Okay, but you still have six months left in the calendar year Give or take the holidays. Okay. You still have a good period of training period left in the year to make money And more importantly than that once you learn my system It's something that you can do for the rest of your life as long as the stock market exists in the us I'll always have a close and open but they the us likes to have a controlled market There will always be a close and there will always be an open and as long as there is there will always be gaps Okay, which allows you to be able to see it beforehand and prep Any questions Before we keep going here Let me know The only difference between trading with a small account versus a big account is that you can risk more money if you have a larger account I mean, this is common sense, but I'm telling you So let's just say you don't have a large account. You have a small account then start with a small account Even if you only made 50 dollars a day or 100 dollars a day It's better than losing and it's more money than you had yesterday if you didn't trade or if you didn't get on the path to trade I have a lot of people that come to me and they want to wait till they have all this money that they can risk a thousand dollars a trade I think that's a great goal But you don't have to wait to get to that point because all along the way you're learning If you start trading with me july 10th Which you wouldn't because it's today in the classes into the weekend, but you you will be a better trader by december 10th Even if you only risked 100 bucks a trade If you went to december 10, so you can afford to risk a thousand dollars a trade You won't know what you're doing till whenever, okay Every person goes their own path the learning process is almost invaluable For you to know what to do to take it to have the conviction to take the risk I think there's no problem with people taking their time doing it If you want to go in and full on in and have the money to risk a thousand dollars per trade do it But there's no downside to you risking smaller and learning through the process and building up your account If you could make 200 a day that's still a thousand bucks a week And i'm not saying you have the small account, but it's less than a thousand per day But that's still four thousand a month That's real money. I mean that's still almost 50 grand a year Some people that's what they make at their job working full time and this is only trading in the morning very very quickly And it's better than sitting on the sidelines and waiting. Okay. There's a in fact is patrick here Patrick is doing the class with his wife this weekend He's been following me for more than two years More two years ago. The class was a lot less expensive than it is right now And he probably wishes he had signed up in 2015 Now he's finally doing it. He came back around to me. He tried something else. It didn't work Now he's back around Now he's finally gonna learn in fact. He was in the room today. We had a great trade first day in So, you know sitting on the sidelines and waiting, you know, you're just wasting time You're really just wasting time and if you're doing a strategy and trading now Whether it's forex or futures or some other kind of method. Okay, not, you know equity trading, which is what I do If you're if you're not making any money if you're not making enough then you really have to think about Resetting, you know, what you're doing with your trading or the money that you have in the trading account Now how much do you need? You can open up two types of accounts One is a proprietary j-train account minimum 2500 bucks. This you will typically get 10 to 1 buying power on margin So if you open up an account with 2500 you'd have 25 000 buying power to take positions. Okay If you want to open up a retail account You will need a minimum of 25 000 to be an active day trader And you get four to one intraday. So that's your margin of leverage. Your buying power would be 100 000 Okay As a professional responsible trading educator, I believe people that should learn how to trade first before risking any money at all in the market By trading rim is limited only to people that have done the golden gap course You cannot join the room without it and one of the reasons is I want people to do well And I don't want people to lose and if you don't know what to do your chances of losing are high You have to learn the system Okay Your likelihood of doing well and being successful making money is higher if you know what to do And if you want to be a good trader and a serious about it, you will want to learn So, you know, I want to just briefly briefly talk about this. I hardly ever mentioned this in any webinars But I want to say this because I've just seen so many things out there lately There's some places out there that say things That really are absolutely crazy And I think this is where people get to the gambling mentality because there's a lot of people out there that say crazy stuff There's some somebody out there right now saying you can take a thousand dollar trading account and make eight thousand dollars in 30 days That is completely irresponsible. I am not telling you that. Okay. That is nothing that I do Um, even if you you couldn't even open up a day trading account and any of the places I refer you to with a thousand bucks Not that they aren't out there. They are but I wouldn't refer people to go to those places So, you know, you have to think in your mind realistically It's realistic to risk a thousand bucks and make 25 grand in five weeks. That's not crazy. Okay It's it's it's crazy to think that you're going to take a thousand dollars in an account Okay, and make eight thousand dollars in 30 days In fact, I I don't I can't even tell you that I think that anyone in the planet could even do it Not even me and I'm a great trader So the fact is that you this is where the the gambling kind of mentality gets people all in their head They see the stuff out there They believe it because they want to believe it Then when it doesn't work Then they think trading is gambling and then they think nothing works But the fact is that people that believe is irresponsible to begin with people that think this are crazy in their head Be realistic. Have some common sense I mean even if even if somebody if I talk to somebody in the street in new york and said do you think you can make a Thousand eight thousand dollars for the thousand dollars in account I don't even know if somebody on the streets. I didn't know a thing about the market would believe that They might want to believe it But I don't even know if common sense normal person that wouldn't know anything about trading would believe it They probably would say I don't believe in Melissa and you know what that would be a smart person because he shouldn't believe it Okay, but the idea of actually making 25 grand risking a thousand dollars a day. That's believable Okay, and that's flipping your money around every day on average. That makes sense. That's not crazy Okay, does everyone understand what I'm trying to say Think okay think common sense So getting back to what I was saying if your goal is to do this to make six figures a year as a career Then you have to have a little bit more advanced size and even 500 dollars. The trade is advanced That's an advanced size too. All right, but you can start small you can work yourself up all right I mean really what would be so bad with making 50 grand a year 60 grand a year You know like I said a lot of people make that for their job So another question I often get which I thought I would review today is What's the difference between a cash you need? And then buying power margin So When you open an account You have an amount that you put in the account Then the broker gives you buying power margin. Now again, I said there's two types of accounts proprietary day training retail The margin for those is different One is four to one one might be ten to one But the cost of the position Has to do with the stock price that you trade So if you trade a stock, okay like today, let's just take the a and f like today Like let's just say you had shorted a and f today at ten dollars at that price Which it was at at some point today If you had shorted it with three thousand shares You would have needed what 30 000 in buying power margin not 30 000 in cash Does everyone understand that because I think a lot of people don't understand that So it depends what type of account you would have to take the position You would need three thousand and a prop account in a retail account You need 25 000 just to have one But that doesn't mean that you would even if you had three thousand in a prop account You wouldn't you wouldn't use your whole buying power for the whole trade if that's all the cash you had The risk is still the risk between the difference through the entry and the stop Like I said, if it's 30 cents and you want to risk 300 bucks You would take a thousand shares and you would risk 300 bucks if the three thousand in cash you'd have in the account But you take the position for a thousand shares, let's say Well, no three thousand here. I'm using an example of a ten dollar stock price You would need 30 000 in bp But your risk should never be your entire margin on your account or the entire cash in your account Does everyone understand what I'm saying? If you don't ask me and I can show you more examples To to tell you but but the reason that that regular regular people can day trade is because you don't need 30 000 in cash To take a position like this In a stock like a enough and actually there's a lot of stocks that are trading more expensive than this And again because as a day trader we trade with margin or bp You don't need the full cash Does everybody get it? Because I had some questions about that recently too Now Going into the quickness again, we're talking about making trades and making money in 30 minutes How I'm able to do the trades and get in and out so quickly. How does your brain work? It's just like anything else that you would do it is practice. It's practice practice practice practice practice I'm in such the habit Looking at things and looking at the gaps and seeing the trades or the one-minute chart and taking the trades and putting the stops And getting out. I've been doing this for more than eight years. I traded in a one-minute chart very expertly In fact, I don't think there's anyone else that can do it better than me I would be very difficult for me to find someone to replace me to run my trading room Yet my brain is trained to just See it and do it And so the benefit of You know making money and becoming an expert in one strategy and system is that you will just train your brain To do it do it do it do it do it Another reason why people have such a tough time making money Six figures or any money at all as a trader Is that they do not stick with one Strategy or one system. They never stick with anything long enough to actually get good at it I have done that. I really credit myself for doing that I mean, I really really credit myself for doing that as one of the reasons One of the never one reasons for my success is that I don't do anything else I never will do anything else and that's why I'm so good at what I do And if you want to make money, you only need to do one thing and how will you make more? Taking more size Eventually getting to the point where you can take Six thousand shares of something instead of three Five thousand shares of something instead of twenty five hundred risking two thousand dollars of trade instead of one. Okay Your brain is this amazing thing But it really it's everything has to be like in sync. Okay, and that's why I tell people Don't trade when you're sick. Don't trade if you have it at breakfast Don't trade if you're tired. Don't trade if you're having to argue with somebody. Don't train if you're in a bad mood Okay, everything has to be going in the right direction And also if you train yourself to be in a habit we're creatures of habit as human beings We're we're just we're just so habitual like earlier in the year when it was winter It was really hard to get up in the morning early and go work out And that's when the that's when the best time is for me to work out because if I don't get it done in the morning It's so hard for me to go later in the day After I trade because I have too many things to do Okay, because I'm running a business and I have a lot of other projects and things I'm working on or like tonight I have a webinar, okay But in the in the winter it's so hard in New York. It's so cold It was so dark and I got out of the habit earlier this year of getting up in the morning at five o'clock Five thirty to go to the gym. It was it was it was so painful then for me to get up every morning Which I did get into the habit now I'm back into the habit of getting up at five thirty But it was like hell in a hand bucket For me to get my body and my brain to think get up get up get up to do it to get back into the habit We are just creatures of habit. We we do things and once we get in the habit It's just there we are and now it's just like I get up every day if I 30 I go I come back I trade I do my thing It's everything's in sync again But when you get out of the habit of doing something then it's hard to get back into it And if you're not in the habit of trading well If you're not in the habit of trading and making money if you're not in the habit of even knowing what to do It's like like you're like, oh my god. How is this possible? But I'm telling you that it is possible because our brains and our bodies we're just creatures of habit So it's training yourself You're just you got to train it and that's why you have to do the class You train your brain to do it and that's also why being in the training room is important too because I'm saying it I'm forcing you to do it by like calling it. Okay. I'm saying this is it a enough. It's a good one. Okay Any questions so far? How's everybody doing talking talking talking here one thing I just wanted to know You know also that things are different in reference to day trading versus You know Investing okay, you know day trading is you are chunking out the money for profit you're pulling profits out of the market Small medium big whatever this is not this isn't about You know, you're not You're not you're not becoming some big investor like Warren Buffett when you're day trading here. Okay The financial freedom is that you have time to yourself when you're not stuck in an office all day For eight to ten hours And you're making good money. Okay, so if you if you wanted to become some big investor or do something with that You can I mean there's other things you can do with life But the but the purpose of day trading and what you're trying to do with that is not It's really not the purpose of day trading the purpose of day training is just pulling one thing up out of the market Okay, and Pulling money out every day. I just lost the whole room there Can you hear me? I have no idea what just happened. I don't know what just happened there I'm like, hello That was funny Anyways, if you're interested I teach a class on my method It's called the golden gap course It's a course that teaches the strategy and how to trade gaps The course teaches a 26 point rating system to find the best stock to trade each day And that's the meat and potatoes of my system That's how I'm able to pick all the stocks that you saw that I picked in the last five weeks. Okay The class also teaches you how to play the stock on the day, which is important Okay, and the course also teaches you chart analysis and technical analysis on a very advanced level And that's what you'll learn from me So the 26 point checklist is really the most invaluable part of my system because it teaches you what stock to look for every day It saves you time by doing the prep work in the morning for you So you don't have to think you know to watch it you go by the point rating, okay? And again, one of the things that makes day trading a good career is the time that you're spending doing it It's just not a lot of time you prep in the morning before you trade and like I'm usually in and out of the trade in a few minutes But the time that I am looking is between 9 30 and 10 and it's very exciting to be able to make You know a thousand bucks in just a couple of minutes I mean, it's you know, there's there's no better feeling than that a lot of people Come to me and I know people have done different classes and things and But I really have a very unique method here, which I do and a lot of people out there that teach gaps Don't know what they're doing a lot of people teach gap fills that doesn't work When I take the gap like an a and f I'm going and taking the gap in the direction of the gap for one thing I do prefer to short one of the reasons I'm doing that is because stocks tend to move faster to the downside But I believe that when you decide to trade whatever you choose to trade whether you go long or short Whatever stock symbol you do you really have to have conviction in what you're doing When I take a trade like I said at the beginning, I believe that I have conviction. It's going to work My expectation of myself is that I will make money on the day and I expect myself to You know have positive results Right Rob has asked me a good question here. Why did 95 of day traders lose money? I did kind of answer that a little bit ago Rob. I don't know if you caught that or if you signed in late No, actually you were here. I'm looking where you signed in for uh 4 32 There's several reasons one people struggle with money in general in general people have a poor attitude about money Okay, that is a huge huge factor and one of the reasons that people lose money Taking risk. They do not have a good relationship with money Also people when they trade the market Do not have a structure in a system that they follow every day on a regular basis Like somebody in here. I think it was john He said earlier. Do you follow your stops? That was that was a great question. He probably was basically saying sometimes people don't You know, you have to have a structure and then you got to follow it A lot of people don't Sounds like why wouldn't they but I know that people don't I force the structure on people one of the ways I force it is I close the trading room when we're done trading I'll close the trading room at 10 15 and we're done if people stood at their desk and trailed data four o'clock That's their problem and loose So you have to have a structure and you have to have a system and you have to follow it And not only that it has to work A lot of people also think that the more that they train the more money that will make That's another thing people make a mistake You a lot of people assume that if I they take 10 trades, they have a higher chance of making more money. No The more trades you take the more money you have at risk and the less chance you have of doing well Why do you think I only do one trade a day? Okay So people people think that they have to do more they trade all day they do multiple trades They don't stop when they're up. I mean I could I could go I could talk for an hour about why people lose money I could name every reason in the world every bad habit I had at the beginning everything I was taught originally that was wrong everything anyone's taught me. I mean, there's so many reasons So, you know You know, I don't know if you've ever traded before but there's a bazillion reasons why people lose Also at the beginning I said people think trading the market is gambling So if you people think that if that's really what you believe it's going to be hard for you to turn that mindset around Also, you know when you start out trading everybody including me when I started out at the end of 2008 when you start out trading You lose I don't know one person that has ever started trading and all of a sudden made money right out of the gate And just went took off like a you know did amazing At you will go through the beginning struggles Okay And if you've if you found me, I'm sure you've taken classes or lost money in the market have done something till you found me It's very very few people in the world. I don't know anyone that's came right out never trading their life all of a sudden trade make money So you have to overcome Whatever happened to you at the beginning of your career with the losses you had in taking classes where you didn't learn Are losses in the market if you mentally are not strong enough to overcome that Which many people don't why because they have bad relationships with money Okay negative attitudes Then it will be challenging for you to do well And I'm not saying that it wasn't challenging for me to get over that situation with myself too. It was At at some point I had to force the discipline on myself. I was doing well I figured it out. I was making money in the morning and then there were days I wanted to trade all day and I thought it the more I traded And then I started to force myself to leave the house and go to the gym after I mean It was like a process of about a year till I forced the discipline on myself to stop And get out of the habit of trading all day and realize the less is more philosophy It was work for myself to do it It was work for myself Also when I started becoming profitable not to think that I wanted to make all the money that I ever lost At the beginning back in a month that was another I mean I was it was real real work for me to overcome All of these things that I'm discussing with you and if you are not Emotionally equipped and intellectual enough to think to know that you must do it And it's a hundred percent your responsibility to do so to overcome those obstacles Mentally and emotionally then you will have a difficulty making it and most people can't They won't It helps if you have a mentor like me, but a lot of people will still have difficulties with it I'm a very optimistic person. Okay. I've always been successful in everything I've done. I understood that about myself When I would get into Situations where I wasn't doing well. I knew that it was a hundred percent my responsibility And I I was so frustrated with myself that I that I there was absolutely no way that I wasn't going to get this down And I did and then then when I would do something like a bad habit I would say gosh darn it. I am gonna stop doing this stupid thing if it no matter what And I and I'm not saying it was it didn't take work. It took work, but I was determined Absolutely determined to do it just determined to do it. I'm determined to do anything. I set my sights to do It's just that's who I am, but if you're not then you'll lose Okay You know, I mean I could just talk about this all night long actually But there's there's some reasons. Okay, but there's there's like a million more So, I mean if you want to be in the five percent of the people that make it I I don't want I don't want to tell you that that you can't I think that people can but Even if you take all the people Rob that I ever taught since I started the business five years ago And all the people I'll teach all the rest of this calendar year and all the people I'll teach the next You know, however many years I have the business that it will still be a Split in the number of people on the planet of the billions of people that trade the market Even if every person that I teach makes it which not every person I teach will make it Because some people will not be able to overcome the negativity they've had since they started trading I work with people. I try to help them, but there are some people that have issues then they will admit them themselves So, you know, you have to Understand that it is your responsibility to do well as a trader But I was honest with you today and I told you, you know people have told me melissa I'm struggling with the sizing really actually the biggest problem that people have in the room is the sizing I mean people I think people in general in the trading room have a positive attitude They see me do it every day. They see me do it every day. They see themselves do it Over and over and over again. They see themselves have good days But I think you know people just struggle with the mathematics of the arithmetic It's a simple problem to resolve but you know from people in the room That is the biggest challenge that people in the room have trading with me I told you that in the webinar Not the not the money because I just lecture so much about money Although there are a few people that just have huge major money issues emotional issues Obstacles in their head that they have to overcome and and I do offer private Mentoring sessions to help people with that I think very positive and I try to help every person that comes to me But it is your responsibility as a human being as an adult to to know what your obstacles are and to fix them. Okay So that's the lesson for that Anyways getting back on track here with the webinar. It's about focus and being practical And I'm teaching people a skill set which they can use so here are some comments in the trading room today again Nice day in here for some people had a really good day Some people had a medium day some people had a small day Some people got out of the whole thing some people held it some people took half off. Okay. I told you where I got out But my class will teach you how to make money in the market It will also teach you a strategy and trading gaps You will focus on shorts with me And we will get in and out quickly and you will learn the entries and I call them in the room You have to take the class to be in the room. That is a prerequisite Okay, but the trading room is a great support system Talking about, you know, not just the entries and the exits and the stops But also the having an emotional support system to even go over questions like this Because I mean you could have asked me a question like that in the room when I could have gone over it for you So if you want to empower yourself to learn how to make money in the market You have an opportunity to learn with me. I am teaching how people how to do it people are doing well You know, Susanna for example is um, yeah, health practitioner. She really didn't have much experience trading She traded a little bit before she came to me and she's doing very well So I teach a course. It's this weekend July 15th and 16th It's a full two-day course in how to strategically find pick and play stocks at our professional bearish gaps The class is online. You can be anywhere in the world and take it. You do need internet access The cost of the class is 49 99 if you're interested email me at melissa at the stocks wish.com Okay If you want to sign up you have to email me for registration papers to this email melissa at the stocks wish.com I also do a class which I review long-term trends. It's called the Trends course is august 1st and 2nd from 12 to 4. This is not going to teach how to day trade but if you want to learn how to swing trains or You know, look at a long-term trend in the chart. You can learn this as a class in august And if you want to do both classes, you can save 500 dollars and sign up for both at the same time Which is a good deal because it gives you an overall broader perspective on everything cost of this combo special is 54 99 And I decided to extend the july 4th trading room special because I took off last week And I had a bunch of people that emailed me last night this morning I was running a july 4th special through yesterday. I'm extending it till friday take advantage of this offer This is a great deal I'm giving the trading room free to the end of the calendar year If you want to be in the room and take my trades and make money You can do the class this weekend and be in the room for the rest of 2017 This is a huge deal for people It expires friday there. I'm not making any exceptions If you want to sign up, you have to email me and I do limit the number of people I'm taking for the class I already have people signed up. I took pretty much off last week So I really didn't get back to everybody on time. I needed some time off to relax And I'm very glad I took it and that's another thing you take time for yourself You know, if you want to I mean today was such a great day I can't help but wonder. I was just like boom right on top of that thing today I mean, I was so rested and relaxed from being off for the last week In fact, that's funny because shower singer always says he loves when I go on vacation Because when I go on vacation, I come back. I'm always I'm always just like right on top of it. We always have a huge week So look for this week to be huge Um, anyway summer is here is the best I am doing a trading room open house devils if you want to come starting tomorrow If you want to come no password, you can come into the room Go to the website Log into the training room. Boom. No password. You can come in if you have trouble getting in You can email info at the stockswish.com and again if you want to sign up for the trading room special For the class this weekend email me at melissa at the stockswish.com Now any other questions we do have like five minutes here from anyone Couple good questions today not a lot of questions, but a couple good questions I think you know the best thing I can think of um Rob was saying about traders other traders and stuff is You you know think and think overall You know about life and things that seem impossible Sometimes if you you know things that seem impossible to people tend tend to be Things that don't seem impossible to people tend not to be and I and I always like to use the example of the presidential election because I I I thought the Trump was going to win. In fact, I remember saying it like last summer And one of the reasons I said it I was just telling people and nobody wanted to hear me say that But I was saying he's Trump's going to win and at that time they were calling Hillary to win and nobody believed what I was saying But every time he spoke he said we're going to win. We're going to win. We're going to win He was saying what he wanted to happen and he manifested it for himself So that mindset I believe absolutely played a big factor in his ability to win Which many people thought was impossible and to this day people can't believe So you must have a certain Mindset to do well trading But I believe that you need to have a successful mindset to make a lot of money period I don't care what you do In today's world the competition for any career that you choose to do is fierce Okay, so if you want to do well, you better have your head on the street Because there's lots of people that are competing against you So if you think something's impossible You you will you will not be successful if you think that there's a chance you will be You've got a higher odds and the guy next to you that doesn't believe he can do squat What time does the trading room open it opens at 8 30, but I don't start talking till nine See how the market closed today. I will do a video or review it in the room tomorrow morning doggie But overall the market's bullish We're not bearish if just to be general from this morning's gap. I'm telling you I don't know where we went today didn't look since before we We had the webinar here, but I'll look in the morning, but the market's still extremely bullish um The training the class the golden gap class is not taped. You must be there live Um, you can email me or contact me if for some reason you miss a portion of it You are allowed one free retake in the next 30 days So if you can't do the full class this weekend In august then you can do the portion of the class you mix or get with me after the fact And then I'll just say one last thing or but let everybody go I think one of the things that's beneficial for women people come to me Although if you know if though some people takes time like I told you about the guy Patrick He took two years to decide to do the class He followed me for two years. So, you know, I think even if you have a negative mindset You I've turned that around for people If you're in the room with me and making money, you see it's possible If you're not and you're just watching my videos You see it's possible over a period of weeks and months and years Whether you wait two years from now to do it or not is your own fault for waiting and missing out Because I who knows what the class price will be in two years. It'll be more than five grand I can tell you that but the point is though that I have had a great effect on people to change their negative mindset But the timing of that Varies from person to person and it's only dependent on you But I have had a positive impact on changing people's uh negative You know thoughts in the market simply from making money with me doing the class and seeing it happen and following me for a period of time So, you know, if you understand that it is all in your head Then change your mindset Because you're just missing out and you're waiting and you're missing out on life It's really hard to believe that half the year 2017 is over. I mean, it's absolutely crazy I'm gonna blink my eye three times and it will be Thanksgiving. I mean that is just crazy But you know We've got a lot of trades to do left in the next half of this year And I am more determined than ever to make it, you know, to make this year be a bang So I've got a lot of work to do Email me if you have any questions steve. I think you did email me. You could call me if you want tonight And then if anybody wants to come to the open house, you can be there this week And if you want to sign up for the class email me too Have a great night everyone. Thanks Kathy. Thanks online trader central