 Welcome. This is Melissa Arma with the stocks portion today. I wanted to talk to you about trading on margin. I did a webinar yesterday where someone was asking about margin in the webinar, and I was really, really shocked because then there were comments in the webinar, how many people didn't understand margin? If you are trading the market at all in any way, shape or form, you absolutely need to understand what margin is. I don't care what type of trading you're doing. So if you set up an account with a broker, you can open up what's called a margin account. Most traders, most active traders, most, again, professional traders, have a margin account. When you are trading options, for example, you pay the cost of the option, whether you buy a call or put, and that's not on margin. You're just paying it. Say something costs a dollar, you're paying a dollar for it. That's it. When you're buying stock or you're shorting stock, you're taking actual shares of it. You're doing day trades in it, for example, where you're in the trading, you must exit the trade between 9.30 and 4 on the day. You can get something called margin. So retail brokers will give you a 4 to 1 margin. What does that mean? You can open up an account with $25,000, and you have $100,000 in buying power of 4 to 1. That allows you to take, say, a thousand shares of $100 stock without having $100,000 cash. Every professional trader does this and has this ability. You are not actually taking $100,000 of risk. Do you understand me? Your risk is whatever you take the position, wherever you put in the stock, or wherever you exit the trade. You are trading on margin, and the broker is allowing you to do that. This goes for longs or shorts, by the way. And again, at a prop broker, okay, there's many prop brokers out there, you can do that on sometimes with 10 to 1 margin or even more. You have to look around with less than $25,000. You have to do your due diligence with prop brokers when you're checking, but there are places out there. You can open up an account maybe with $5,000 at a prop broker and get $50,000 in buying power, which is 10 to 1. And again, then you could take 500 shares of that one example. But the point I'm trying to say is that you have to understand margin if you're trading. A lot of people are trading, and they're buying it, and they're sucking up all their cash, taking position. You can maximize your profits and maximize your ability to be able to trade and make more money by taking more share quantity if you're trading on margin. Margin is actually beneficial to you as a trader. And if you don't understand it, you've got to look into it. You've got to investigate it. You've got to call your broker. You've got to call around other brokers and find out more. There are requirements, again, that you have to have to have a margin account, but no one should be afraid of it. People certainly shouldn't trade without understanding it. And again, when I'm in a day trade, I'm in and out in five minutes, 10 minutes, 15 minutes. I'm out of all my day trades before four o'clock Eastern time and usually very early in the morning. And again, I also use stocks, which are limit order stocks, which I talk about more and teach in the class. But it is important for you to understand margin. You don't need to have a million dollars or 500 grand in order to trade stocks, even stocks at $200, $300 price points, because you get margin. That is what you get from the broker. So if you have questions, email me at MelissaTheStocksWish.com. Look it up, investigate it. You need to know these things. This is very, very important if you're someone that wants to actively trade. Thank you, everyone.