 There I didn't have it up front Nice to meet you. Yeah, there you are. Welcome everyone. This is Mike My name is Melissa Arma and Mike is a trader Mike. Why did you do the class? I think earlier in the year Really? Do you only do the class this year in 2016? Yeah. Yeah. No way. It feels like you've been with me longer than that So you live in Virginia And are you a full-time trader? Tell me a little bit about you. No, I'm not I So I should look at the camera Okay, well, yeah, I'm not a full-time trader. I Have a full-time job. I'm an engineer But you know, I started trading like last last year in July and And but I just do it as a hobby Well, it's a It's a consulting job. So I don't always have to you know, you know flexible so I can You know, I can trade like an hour a day So, you know, I can't trade every morning, but um, but I do try to You know But yeah, I mean when I can I trade that's great. So you you're probably there at least four days of the week in the room, right? Yeah, yeah, that's right. Yeah, so when you first started out, what were you doing before you took my gap? That's what were you doing? Like you said July. What were you doing in July? I? You know, I'm new to the market. So I I just You know, I didn't really know what I was doing You know, just, you know Fine in the dip, but that doesn't always work because you know, if it's a market falling and you didn't just get run over But you know after You know, I can I can I think I can read the markets a lot better, you know, so, you know, it's not So many it's it's helped tremendously, you know, like, you know, just not just the day training, but it's when trading, you know Just I mean just overall, so it's You know, I'm getting a lot better I would say just a general I mean, there's a lot of things But Yeah, I mean, it's hard to say just one thing So I just say a few things, okay? Overall, I mean just to read the charts to see if the stock is an off trend or a downtrend You could to get that right you know, you need to get that right in the first place and Yeah, and then just You know before I would read the charts as like You know, if it makes a well, I just Reaction, but you know looking at looking at it from a you know, whether you know It gaps or not and how much it gaps, you know, the quality of the gas You can see you can kind of get a clue as to where the institutional money is And tell me that when it's trading, but also in day trading, I just didn't know how to you know enter and and how to exit but You know, I mean that's that's helped a lot. So Because before you know, I don't know it's just it's hard to explain you just overall you You know because you know like when you when you call things in the room You would say You know, you say you should enter here You know it held here, you know, there's a little things like that. It just kind of helps you see the big picture You know instead of just It's it's just coming with experience. I guess I mean Because I've never did I think I would say for someone who's starting off in trading they should With I think I would highly recommend a trade with somebody who actually trade and if we know what they're doing because Because if you just try to do it by yourself, you just you don't really know I think that being treated with you You know your perspective and and contact And so you just learn so much faster, you know Um, that's great. Yeah, so I would say it just you just give overall direction, you know You just keep things in perspective and you can kind of kind of see um You know the market through Someone who knows what they're doing You know to you is because you took this Amazing call that I made in the market and you have a better price than me and not really jealous And I looked at it tonight to see what it closed down Of course, I'm I'm better today than I've ever been now with the close today when I looked at it when I got back tonight So obviously I didn't look at yours. What's the what was the difference between the bid and the asker? You're trained today Yeah, so, um, I bought it at three cents and now the the spread I think is I think it's between eight and 11 That's fantastic. And so I could I could definitely could fill that nine cents You know, but I'm Okay, so tell everybody what you did tell everyone it wasn't on my email list because I'm I'm whatever you want to know What exactly did you do and why? I've heard you talking about uh, that that spy train. And so, um, you know, it uh So I thought so, you know at the time it was um, it was in the downtrend because in january And then we were stuck we found stuff. I think around 180 and the spies and then, um You know, first I I thought uh, I think 300 at three cents. Okay. And then um And I was like, you know That they're so cheap, you know So and the thing is is Like, um, you know, you couldn't I could lose, you know Three cents per contract, but I could make You know, god knows how much And so it's just so I just so a couple days later. I bought 200 more So how much total did you spend tell everybody so they understand? I bought, um, I only I got filled at three cents for for all of them. So I bought 500 in total And so that's about 1500 plus In 375 with commission. Okay, but the less than 2000 for the entire So your profit right now is two grand Yeah, yeah, okay. Yeah, so it's the difference between what you could sell it for forces What you paid is the profit that works because you did an option trade, right? Now what what is the benefit of doing an option versus taking a day trade using my method for someone like you? um In action, um, if you if you get full compression, right, then you have you have some Accessibility as a person day trading because you're in day trading If you get the direction wrong, you know Then you lose money that day when in swing trading Um, it's a little bit more forgiving. Um, you know, I wanted to get the overall direction, right? So You have you can hold on to it You're a good amount of money and then you're coming to new york and you're taking me to dinner Like, you know, because you have a better price of them than me I'm bliss now I mean, I could have bought more and cost average my price down and I thought about it But I spent so much money like because I took a big position I have 300 but I took it back in december and then I figured out what I would have had to buy To pull myself price down and I was like forget it. It's not worth and I'm gonna just write it out I knew it was good But when you took it and when I was talking about the market Did you have a hundred percent conviction in what I was saying because every day I'd be like bullish bullish and I'm like no one believed me in the room. Did you believe me at first? And then you like question it or did you there's something here like when did you actually say Was it before you took the trade or did you always believe what I said or you were like, wait a minute. This is crazy I mean, I we do wrong, but you know, you know the market it it moves kind of slow You know, so there were some sometimes, you know, when I was like, I'm just gonna work but But the thing is Overall, I believe here because um, you know me that you know what you're talking about So I know it's just um, it just makes sense because you know, we have the 180 I think it was um, about the bottom And it's just and also it's uh, I'm comfortable with the risk Yeah It was it was just a good trade, you know I mean We held the 180 on the five And you know, even if I'm wrong, you know, it's it's um, really like $1,500-$2,000 Right It's just a it's just a great trade. You have to if the risk to reward is that good you have to kick trade So now let we talked about this in the room. We said no piggy targets. Let's just say this thing rallies a dollar Okay, it rallies a dollar since let's just figure out 50 000 shares You basically have a 97 cents. You would be up 48 500 dollars. Are you gonna get out of any of that or not? Oh Like 50 50 000. Yeah Um, I guess Yeah, I mean, I would get off half. Yes. Okay. Very good. That's the answer I wanted to hear You know, if I think that the market's gonna keep going up, you know Hold it to like maybe to satisfy it back for december expiration. Yeah You know, but I mean, I'll just if I'm up 50 000, I'm getting rid of half. I would have to I was gonna ask you and you said the perfect answer because $25,000 that's a lot of money to make in the trade for the risk and you still would have you such a huge position You'd still have 250 contracts that if the rest of it rides and it could be worth A couple bucks that's still even more money and you have have booked and then if the rest flop off It doesn't even matter like that's that was a good thing because you have a strike price I think of what 240 or is that what it is? Yeah, yeah Yeah, definitely So like you said, you could you could get something out later Continuing to look at it and seeing when we hit up over the high It depends when we hit up over the high the sooner we hit up over the high The more those are gonna run faster Well, I'm so glad that example of someone that has done normal risk that you can afford And stayed with the trade not lost conviction and not killed it because of fear or something and not rich But look at the potential you have now in the trade So, I mean you really have done a great job with it You're you're you're one of the people that has taken my class and that's why I think it's great to showcase someone like you That's doing well that really quickly. Let's talk about your day trading So how is that going as far as like let's just talk about since since Well, really let's go back to earning season first quarter Like at the beginning of the year january february. It was your first earning season then after the class. How did you do? Um, I was just um, I wasn't really taking trades. I was just watching Really? Yeah, and then And then um, you know, I still Now I can do things more on my own. Um So in the beginning, you know, I would have to watch you and you know Because my ultimate goal was so that I could do it I'm like, you know, because I could I study a lot and things like that. But you know, but in terms of um day trading See, okay I have this problem. I think it's just coming from experience and personality, but I have this fear of um You know, actually pushing the button, you know, take the trade, you know, the trades that I would have taken If I had taken every single trade without, you know fear, um I would have won like percent of You know It's just for the thing is even the ones that ended up going in my way. I'm gonna get out too quick. Um, and then But overall from the direction, right? Yeah Um, I think that I'm just gonna come with with experience and once I you know game I wouldn't think too much about The loss, but I think I just focus more on the loss than the what I can You know just over a trade like reading the market, you know, um in the direction I'm I just need to stop, uh, you know thinking and if I believe that it's gonna work and I see the setup I should just take it, you know without thinking I think so what is holding you back even though you're seeing it You're seeing like 80 of them work What's holding you back is the fact that you still might lose. Is that what you're saying? Because I lost so much, um in the beginning of getting out, you know from july to november and no actually even Yeah, I have a lot of swing trade positions. Actually, I got ran over in um, january Okay, last year you mean Um, no actually January this month In terms of um swing trade, I still have long term swing trading positions on and they were all on the long side and so You know, I just I did and um, I think you know, that's how you got me psychologically But that's probably why I'm not, you know, because I But the thing is, I mean, I'm recovered. So yeah, yeah, yeah So, I mean, I think it'll it'll I just need to Just keep working at it. But in terms of um reading the market and I mean, I keep I keep a spreadsheet and um, I I would have made so much So you would have made back all of your losses and then um team thousands probably if you had done all the Even though the other day, um, we were watching I think that day stx or Yeah, and then Paul was watching wbc. Um, I took wbc But um, why I said earlier post actually ended up losing uh down Yeah, we both worked that st Was it stx? I don't even remember because I can't forget the chart Yeah, but that one, you know, right that one did move um a lot more but um wbc worked too But it was a little bit more choppier. Yeah But but that one see even that I better and I was like, how did I do that? Yeah You know, basically I have a stop and I'm moving to stop, you know, and that's that I think that's no no You know, you're lowering the stop after you take it Yeah I lower it and and I think that's you know Either that or I just don't take the trade, you know, and But I mean, I'm you know, I think that can be fit That's an easy problem. I mean holding them a little bit longer is an easy problem Or like take it get half out into the first place that you would don't lower the stop Keep the stop for the rest of the original place and ride the rest out You know what I mean or or trailed and and and then he would just trail it breaking It's just about a lot of it is mental. I mean we talked about this in the gap class You've got to get through past those points of things that happen in the past to you And everybody's vantage point like some people Their parameters of how much money they lost is so different from somebody else's for you. It might be Really horrendous to you, but if you talk to another person, it's like nothing to them or vice versa Do you know what I mean? So that's why it's all about the person whoever you are and how you deal with things But obviously you don't how to do it now. So what are you worried about? Sure, but yeah, I mean I I do know how to do it because You do Like 80% that's that's really high I know so let me tell you my option will that get you over this mental anxiety Plus knowing all the stuff you're doing and tracking the money you made since the class And the money you would have made if you did all the trades that you didn't do Would that do it for you if you make 50 grand or something crazy? I think that yeah, I think so. I think if I had Because I lost so much You know, I think if I had A cushion yeah, I think that would make it easier to push the bottom I can see myself getting over it Either it's with time Or a big trade like the spy trade you'll get over it because again, you know that you can do it It's a matter of convincing that you know that you can do it You either convince yourself, you know, you can do it as time goes on because the longer the time goes on Do you realize you can do it the more you just know that you can and nobody has to tell you that you just know it You just know it inside in your heart that I can do this thing. It doesn't matter if melissa Goes to wherever I know I can do it without her But the other thing is if you have the money there as a cushion That's like a safety net too I think you're gonna have a good year because it's still very very early in the year You got this great trade going on your upper ready Like you said you can sell it today and make three times the amount That would be a little cushion. It would be a little more cushion You have before an extra couple thousand dollars like the stx or wc or whatever the ones are Are the spy then it just it helps your conviction It helps your commitment that you that what I taught you works And then also that you can see it yourself in the way that I'm seeing it to do it. Yeah Yeah, yeah, like today on the hans That was a gap up. Yeah, and right when it opened, um, I just knew it was gonna work What about that? Oh, let me ask you that really quickly when I say I don't like anything and it doesn't meet the criteria Do you do something that's like a kamikaze or are like doesn't rate that good or do you do things on your own? What do you do? I do things on my own. So What I started doing recently is I started looking at the charts, um, like doing homework like after The market closes. Yeah, I'm trying to look at it like 30 minutes or nothing And then some things you can just see it in the chart and it's going to follow through and you know keep going down So I just look at those and if they set up then I just short those Oh, okay As a swing trade you mean or day trade? Why the day trade? Because even if it doesn't get um some things on the chart, it's just looks like it's gonna fall Yes, I know Yeah, so I would just look at those and um, yeah, so I Yeah, so there's nothing to do that. I would just look for something. I would just do something that was on my list Yeah, thank you so much for for talking to me today. This was fantastic You can do without me and you know what I mean Yeah, but you know, I want to say though that um See I started I study now on my own but Everything that that you um, you know teach It's um, it's not true Is why wait, what did you say? What did you say I cut off there? What did you say? I said everything that you teach, you know, it's You can always use it, you know, even if you know, because now I'm um, I'm starting to look at like the futures Okay, I'm thinking of me But um, it but if if I didn't take me from the view in the beginning of the year, right, you know, it's you just give a Like a solid foundation so that if you want to do other things because you know, you only trade in the morning Yeah And if you want to do other things, you know, it's everything that you teach still applies because Really? Because you you give um, I mean because it's just reading price, you know, and so Whether you want to you know, just straight in the morning or do other things, I think um, you know But I don't know. I think I was I would understand that the best thing that I've done in my training was um, You know trading with you You know trade with someone Yeah, because there's a lot of people that are you just can't really trust them. But you were losing money last year You didn't do any other class or you were losing You would put up these uh You know, I would watch those like And it took me about like two or three months before I, you know, decided I was gonna pay you, you know and Take the class and then trade with you But um, I wish I had done it sooner Yeah, so But you know, you but you know, I would say one um, good thing about you is that you actually the thing that made me want to Be confident and you know you You could just see it and you're very positive You know, so like I would lose money, you know, say like in July, you know watch your video I don't know. It's just uh, you give this kind of vibe and it's very positive. I would say Well, I mean the brain I never take a trade thinking I'm gonna lose of course I said my says my wrist But like this fly trade is a good trade like look that trade is gonna work out and that's like look at it And when I took it and after I took it the market fell and then I stayed with the train And I could have killed it with a partial loss at like any point in January and then And then they flatline those options But it's just like when I take a trade doesn't mean that some trades don't work some trades don't work That's part of the business But it's the point that yes, I myself believe that it's going to work if I take the train And you believe it's going to work too because you're putting on money on the line Well, it's a hundred dollars or fifteen hundred dollars. It's like a waste if you don't think it's going to work Why would you even take it? You know, but I've been trading my system for years that I just really really believe it and I know that it works And and every time I talk to somebody new like talking to you today This helps my conviction. This helps my conviction. Do you understand? It's like I don't even know you and I just I'm talking to you now and you're somebody like on the planet And you did the class a couple months ago, but it's the point that That you found mine and you did the class and now you're making money because you took my class I've helped you which is a good feeling that I honestly got I mean I'd love you to make a half a million dollars in that spy trade But I think if you're at 50 grand you gotta get out of half of it But I mean I would love you to make a million dollars and hold the whole thing But it's too risky to hold it past being up a lot of money. I mean really really still could make like a hundred grand I don't know. We'll see how we'll see what we head up over the high and we'll look at it But I know you're gonna make a lot of money on that trade and and that's what's so great And you would have kept losing probably for six more months until you figure something out or take another class Or maybe you would have quit because are you wouldn't have been able to keep going and you would have been hit hard And said I can't do this thing anymore. I was just one day. I was just watching video and then I was like, oh, I liked it Was it about gaps or was it about the market? Like Your webinar and then you know, I would watch I think that went on for like two to three months Okay, and then I found new week I think what it was that I lost so much money obviously actually for myself Really? Yeah, and then so and you know, there's this lady you know, she's making so much money Yeah You know what it was to Because I I studied the market like every day. Yeah I try to figure it out by myself You know, which is fine. I mean, it's really really hard to figure it out yourself and most people run out of money You either run out of money or run out of steam or it drags you down and you just it's hard mentally Yeah, so and I was You know reading about I just couldn't figure out It just didn't make sense. Right. And so I already knew About the app before taking your class the class I was very Like I was really looking forward to it, you know, because I was like You know, I really could know what you're doing And uh, yeah, so I took the class it's so helpful I I just I learned, you know, so much like and um And I I took it Yeah, um the next two weeks I took it twice. You know, I didn't take the first day, but I took the second day. Okay. Yeah Then by then, you know, I think everything like I felt like I really got it. Yeah And then um, and then it's just trading with you in the morning then um So, um, I mean, I I feel very confident like You should you should feel terrific about what you've done I mean, you're in the scope of life. You really haven't been trading for that many years So you took your head to the beginning Just too quick But a lot of people a lot of people do you're you're lucky that you did or you might not have been able to carry through Take the class and keep trading. So I'm glad that you found me quick Yeah, I like your trading style because it's very simple, you know, you just really price action, you know, and so I'm so glad I Got, um, you know trading in that direction. Yeah I think I could have wasted a lot of money taking like crappy stuff, you know classes where they teach that indicator and stuff Yeah You don't do that. Yeah, my charts are really clean I mean, I don't know if you have your charts just like mine or not Do you have your charts just like mine or do you have other stuff on there you use or I'm using It's just like you work. Okay. Good. Yeah. Yeah Yeah, I'm so glad I, um, I I found you because that's another thing Could I could I read these stories about people saying that, you know, they wasted so much money taking All these classes, but I don't have that experience, you know I'm the only class that I take in is your class And Yeah, you never took it. I um, you know, I like to I feel like I could do it on my own. So I read a lot and so But I do it by myself So I was like, if I'm gonna take somebody's class, I'm gonna take it Great. I'm so glad You know very intelligent people It's like it's like a mystery until you figure it out But I think the one good thing I did is that I honed in on just this one thing Which was the gaps But I'm telling you that is That's how I call the market like because I was reading the bearish gaps in the market Not seeing them to be weak enough to break it and then I was reading the bullish gaps So that's how I was reading it. So ultimately whatever you choose to do Learning the gaps can help you with everything because it is about reading what the institutions are doing and that's what happens at the gaps Yeah, and the thing that really helped me was um, also when um, I also took your trends class Yeah, that's right. You did you did. Yeah and then um This is what you said and I asked what you said, um find a follow If it's once you know it, you know, it sounds intuitive, but unless you actually Someone says it, you don't know it, you know, and this is what you Have made everything like come together. You said it's just such a simple statement. You said Just by reading um the gaps, you know, you can follow institutional money, you know, like so when when some I think we'll be example you use what's necklace where it's like used, you know And um, even though it went down Um, if you trade if you try to short that, you know, you're going against the power And you know, it's so now when I look at gap, I think of you know, where's the money going? You know, and and so see that's just a simple thing But no one knows it because they don't you know if they just see it as a gap You know, they don't see yeah, they're living in a plastic this and I'm looking at like everything. Yeah. Yeah Um, so that's helped me tremendously, you know, just seeing the picture. You're just just just context You know because before I mean, um, just the uh Just the one minute chart, right? Can't read the market like that because you have to look at it. You have to step back. Yes Yeah, so that's pretty yes. So you put everything in context, you know, so It just makes perfect sense It's all um kind of You know logical, you know, thank you Yeah, you're a good teacher, you know So yeah, I just I don't know I'm I do I believe in god, you know, and so I just think that You know, god didn't want me to fail so You know, I I always find me and take my class are meant to find me because I literally just started the business I don't know the videos on youtube like when I started it, you know back at the end of 2012 and No one know who I was was and a lot of people don't know who I am now I mean, I have more of a following now that I ever did But I mean I didn't even get the website done and now the website really doesn't even say everything that I do Enough about the market. It's more about me and that has to be redone again I mean, there's so many things and you say how is people finding me that People that find me are meant to find me because like you said, there's so much to choose out there How do you know to go to this person and that person? You want to go to a bigger company than mine because it's really just me and now I've hired paul But it's the point that I'm just one person That's just doing it But what I know is like amazing but it's because I I did a lot of work and figured it out myself and and I just never thought I'd be teaching people I mean, I just never in my life thought I'd be talking or teaching someone like you to make a difference So I do believe like fate or whatever it is and I feel like that the people and that's why I really want people to make it I want people to make it and I want to help them and I want them to make money And you're doing that is above and beyond You know the price of the class or anything else. I've taught you something you can use to learn For the rest of your life Definitely But we're gonna do this again because you were so great and I want an update Of where you're at with everything. Maybe we'll talk like every couple weeks or something like that now that we talked Okay But honestly, I'm so glad that you said you're gonna get out of half that tree when it's up a crazy amount Because I want to make sure that you feel that Emotionally to have a huge massive win like that. I think it'll be good for you. Do you know what I mean? A big love of studying The other ones like I came out with this options letter like I've been studying them. There'll be other ones I'll make other crazy calls. I was you know what I mean? It's about seeing it far out and I was I was I was able to see this far out I've never anticipated we'd fall like we did when I took it myself in december But I'll let because I saw the money in there and the money didn't leave Even though we dropped it really didn't leave. Do you know what I'm saying? Yeah Yes, just like you said about the netflix Yeah, and the google is to say that chart study that chart. There's something there in that one too Okay, and we could talk about that in the room this week in fact remind me I'll talk about the google very similar very similar to the thing in the netflix And and and you just remember you said that we could talk about it in the room this week Okay, I'd like to meet you someday Okay. All right. Okay. Have a good night