 Welcome. This is Melissa Armo. The stocks, Washington reviewing the spy afternoon trade that I actually called Friday They're related to the clues and that gapped up on Monday And I wanted to go over this for the last two days. I'm just having time tonight This was really a nice call except for the fact that you had to get out when it was up and That is a critical part of actually treating that is kind of like a lesson 101 and except I know a lot of people when they see themselves up money very quickly Make the assumption That the trade is going to go on to be even bigger That's not always the case and in these kinds of markets when it's very volatile things can change in a dime either way You could be down and up or you could be up and down So let's go over this. So this was a spy option trade that I called on Friday If you have any questions, you can email me at Melissa at the stockswush.com or call me at 9 to 9 3 200 gap Follow me on Twitter Facebook YouTube or Skype So again, if you want to learn how to day trade you can day trade my system using swing trades options or even in and out And you can do options trades as day trades get in and out the same day take a one-day get out the next Or you could do the equity trades and the day trades in the room each morning But if you've ever thought about trading for a living, let me tell you something you can do this from anywhere in the world However, one thing that you have to have is a strategy and a system and a structure It has to be solid as a brick. It has to be a winning system so that you can stay consistent with your trades This does not mean that you win in every trade some trades will be losses but it means that you win in more trades than you lose and That's where the consistency lies the profit. Okay, but there are many different types of traders You have to look at your schedule look at your life Look at the amount of money you have and decide what you want to do And I think it's important to set the proper expectations for yourself. Do not Set low goals for yourself Just be realistic in those goals within the time you want to achieve them And I think that that is something to people think well, you know, I'm gonna do this. I'm gonna start this I'm gonna take $500 and turn into 100 grand in a month. I know there's places out there that say that that is crazy town So you can open up an account you can take a small account You can double that account you can triple that account you can quadruple that account You can grow that account in a reasonable period of time It's not gonna happen overnight and it's not gonna happen in a week It will happen with consecutive trades day by day by day every day chunking it out 100 200 300 400 if you're risking more money, you can grow the account obviously faster with bigger risk Okay, but the trades that everyone's doing in the room whether a beginner or advanced or all the same trades And it's all the same system So the system I teach is called the golden gap course is a checklist boom boom boom I go through everything I rate the gap is how I determine what to do in what direction So how much money do you need? Well for an options account? You don't have to worry about buying power a margin So you can go pretty much to any broker any retail broker and open up an options account I think the minimum opening is $2,000 you can check into that but you can go pretty much anywhere and do that and Then you pay the cost of the option as I will discuss here with the spy one But all of them have to do with the system you learn the system And that's how you know what trades to do with ticker symbols and whether you're buying a call or buying a put So when I'm calling the trades are very simple. He's just by the call by the put I'm not doing any crazy a different kind of option things I'm doing very simple where I'm grading the gap I'm looking to see if it's gonna the stock price is gonna move higher if it does Where is it gonna go and then I call the call or if it's gonna move lower Then I call to buy a put and into that strike whatever the target happens to be so I have a newsletter and I call the trades in the newsletter. You can join the newsletter for the year It's five grand for the year for 12 months subscription and you get the trades email to you Or if you're in the room you could do the trades that I call in the day training room as options if you want now The spy was kind of expensive here. So you might have done this in the room as an option trade But I did call it in the letter Friday night late But you can take market trades ten minutes after the close So, you know she could have got in here anywhere between the time I called it a 410 and then it was immediately up So I called the 280 calls and went through the strike into the open So as I was saying earlier you could have got right out here with profit Which is what I'm gonna go over it now Some people thought it would follow through the market dropped then heavily. This was on Tuesday This was Monday. This is Friday Monday Tuesday's bar. I don't have here But anyways, there was a big drop in the market So if you didn't get out of this trade when it's positive then the trade is gonna lose Because it was only through Friday for the expiration. So as I was saying earlier when you're up in trades specifically when you have a turnaround that is a Decent percentage and very quickly from one night to the next you need to get out with the profit So here was the close on Friday This is late at night Here was in the four and here's the basing and then the market gapping up here And then it based out fell and then here was the day and then this was the next day Here was the buying that I saw it came in really in the afternoon of Friday lifted lifted lifted And then shut up like a rocket here and then I called the trade so this was very late But you can buy the market and I knew that after the close 355 I called it buying was coming into the market into Friday late I called the 280 calls expiring on the 7th and it was immediately up in the gap That will happen sometimes I will call a trade like that and there's gonna probably a lot of trades like that next year That I call where you take the train and then you're up right in the next morning. Just take it out I mean, that's how hard is that? It's really not that difficult. It's quite easy actually you take the trade you get out in the next morning You did two contracts with the beginner risk of 320 bucks The cost to pay was $1.60 per one show if you bought to you paid 320 and sold it at 290 profit was 260 Your return in investment was what? 81% and that is fantastic to take a trade and get out that quickly Then if you did an advanced risk again 20 contracts, which is essentially 2000 shares You would have risked 3200 and made what 2600 bucks again huge 81% return in investment in less than 25 hours That is a good bang for your buck as they said all right and there will be a lot of trades in this volatile market in 2019 that would be calling like that Nice testimonial here from someone on the options letter Particularly the market calls I've been making he said however one thing you're figured out from being in the classes is you're awesome And figuring out the market moves for that day that itself is worth the weight in gold that is true So my system is what tells me though the markets gonna do these things. That's how I knew I saw that I saw the market was gonna gap up Monday. I didn't know how much but I saw it was gonna. Okay Anyways, it's all one strategy that I use and you don't need a margin account if you trade options So the benefits of trading options versus equity trades is what no margin requirements no day trading margin requirements The only cost is the price you pay for the trade You can make active money trading just like equity trades and you can make a good return on investment Some are way more than that flip around but some you're looking for and you just want to get out when you're up a Decent amount because it's so quick sometimes you're up so fast You just got to take it when the market is throwing money into your lap, which this trade was it just went Do and it threw it into your lap you took it and got out of it I mean when the market throws money in your lap, you got to grab it in these volatile times. All right This buy-and-hold mentality is totally defunct and in this market even more So unless you're unless you're in retirement accounts And even then I gotta tell you some of the stocks that people are in in the retirement accounts Not the overall market, but some stocks stock specific. They should dump dump dumpity dump. Okay, that's a topic for another day But options are a way to make money if you cannot be in the live trading room daily It's all about supporting yourself and taking charge of your own finances. No one else. It's you So if you want to learn my method, it's in the Golden Gap course The class is December 15th and 16th 9 to 5 Eastern time cost of the class is 59 99 The class is online. It can be anywhere in the world and take it the combo class is 6499 two classes for one price and if you're gonna do options I suggest doing the trend so you read long-term trends correctly Moffering an early bird special for the December class. You learn the system You would get the options letter and the trading room free through 228. This is a great great idea It's almost three months of the room in the letter and there'll be a lot of nice calls like this with the spies I'm telling you you want to look into it. You want to do it There's an early bird deadline Saturday December 8th for this if you want to sign up Do not delay have a great day everyone and email me if you're interested in the Golden Gap course Or if you're interested in the options letter and don't forget special end Saturday