 Hello there everyone and welcome. This is Melissa Arma with the Stock Swoosh, and I'm here to talk to you today about the importance of knowledge. Why is knowledge and really understanding what's going on in a chart? Important to taking stock positions. And again, you know, if you're somebody that is giving your money to an investment advisor to trade, that's one thing. You're trusting them that they're going to make the decisions for you. If you're someone that wants to actively trade and make your own decisions, you really need education to understand what to do because you're putting your own money at risk. And if you don't know why you're taking the trade, if you don't know what direction you should be taking the trade, it's dangerous and you can lose money. So education is very important to be a successful trader. And I actually, I think it's important even if you're going to give your money to someone to invest because you could look at a chart. You could say, wait a minute, Mr. So-and-So, or Mrs. So-and-So, I don't think this is a good position. I don't think this is a good investment long term or for my IRA or whatever. So having the right knowledge and understanding the stock market or any chart that you trade, any stock in particular, understanding the technicals is critical, I think, for your financial future and success. So today the market fell. It fell very hard. You know, my prediction was the market was going to fall this week. It happened late though. Okay. Late meaning we had options trades that I had called that were, some were Friday, some were Monday that expired today. Today is August 26th. So some of those trades were up that you could have got out of them before today. Some of those trades were down and if you killed them, for example yesterday, we had a rally yesterday, if you killed them yesterday in the rally and lost money killing the positions, you would have lost when, consequently, the trades that I called actually were winners and worked and if you held them to today, you would have made money instead of losing. It's always better to make money rather than lose money. So one of the things that I tell people in reference to the options letter is to play every trade out when to win or lose. That means you can lose in trades. If they go into the expiration data, they never go positive, but you also can win in them. Some people want to kill them if they think that they're not going to work right. Well, the knowledge tells me that they are going to work right. And again, timing is very important for options too. While it's a lot better if we get the immediate quick move is something I expected this move actually to happen. On Monday, it took five days, five days or took to happen. Anyways, long story short, it did happen today and the trades were positive. So the people that held the trades, I got a couple of nice emails today and a couple of nice calls from people because they did the class in the last month. They took the Golden Gat course, they learned, they understood, they were in the room, they were listening to what I was saying. They ended up holding trades that were down and they made money in the trades. They've turned around that I'm talking about options and they would have previously killed them. But they listened to what I taught, understand the chart better. And so they understand gaps a lot more and therefore they made much better decisions by holding through the trades. How are they able to do that? Obviously, the education, the educational piece. So that education that you can get by taking my Golden Gat course is going to help you day trade in the room. It's going to help you decide what you do in a chart for an option strain. Even if you don't want to sign up for the options newsletter, you can do the options on your own. The options newsletter service is a separate subscription service that I offer where I'm rating the gaps. I'm making the picks. I had a lot of nice calls in the last week. But the reality is that there are times when trades don't go right of ways. There are times when the market is tricky. If you know what to do and you understand what's happening, you will not get scared out of a trade. Take a loss in something that you don't need to. Okay. And then miss out when the trade goes on to work. So I'm really proud of some of the students today that held through the trades. They absolutely did the right thing. We had a beautiful sell off here today into the close on a Friday going into the weekend. And again, the important key lesson, the takeaway from today is that knowledge is extremely important. If you have the right knowledge, you have the highest chance of success as a trader. You still have to have the right knowledge and apply it. But the support that I give in the live trading room and in the options newsletter helps people to be able to apply the knowledge on a daily basis. And of course, I'm able to answer questions where people I let people call me or email me, answer me questions. That type of private service is something that no one else offers. And it really does help people get it. If you're interested in more information and want to sign up for the next Golden Gap course, I'm doing a Labor Day special through Labor Day, September 5th. The information is online. You can also reach out to me and Melissa, the stockswish.com for questions. The Golden Gap course for September is September 17th and 18th. There are only four more classes left in the calendar year. Don't miss out. Have a great week, everyone.