 Good afternoon everyone. This is Melissa with the stockswish.com and welcome welcome to another stockswish show play of the day This is infi and why did I do this today? Well, I just like this whole chart short and who wouldn't First let's go over the bigger time frame Actually, no, you know what? Let's go over the actual trade This ended up being a big move in here and it was like kind of like well See this I think I want to do it and I took it right in here right in here in the break and initially at the stop at 1420 which was tight for anything rally back here. I said, you know what? I'm lowering the stop to 1415 I really gave this no room to jiggle But it was around this period here late in the morning and I said, you know what if it works it works And if it doesn't I'm out of it So then I lowered the stop to 1415 it held it held and I could have been even more aggressive taking more here I called a second entry in this here I don't I don't know if anyone in the room did it. I did not take more it rolled on down Broke through the low and fell off the planet. I actually got completely tonally out of this Here into the two o'clock period 1325 was a number. I was 25 cents from the dream target and It just was a good day and I wasn't gonna stay through this into four o'clock But there's a chance this could go to 13 yet still 13 is the dream target, but this was a really nice trade here I mean, I this was just a really good trade. I actually wish I would have gotten heavier in here now looking back But you always say that about trades that go on to work so well You say gosh, I would have wish it would have had more wish it would have had more wish it would have had more But it was like not planned to do this today But it ended up working out really well and I still think this could possibly even get to 13 before the close But I'm done with it now And I'm pretty much out of everything I'm flat so this had a bullish gap up back here on the night Someone asked me about it in the room as a long and I said no, it's not a long It's actually gonna fail. That was a great call. I made the interesting thing was when I saw this gap Let me go look at it Was the day it was the night This was around 10 o'clock ish, and it was still holding green. I said that's strange. I said that's weird Because I really thought it would fail and then lo and behold it did at 10 30 So then it broke the low at 10 30 fell off a cliff. I mean absolutely fell off a cliff here This is a 15-minute chart of infine on the day of the failed bullish gap and I would have never bought this Because it just wasn't a good bullish gap and it's I don't really usually do failures I really don't I did end up shorting some of that in the afternoon or late early afternoon late morning on the day of the night For a quick quick play because I knew it was gonna go and at least get to 14 But after this happened after this bullish gap up failure again, it wasn't a good one anyways I knew this was gonna continue to break and this will get back down here again Now, I don't know if this does it soon, but it will it absolutely will in the I have in my trends class I have this chart of my trends class because I was looking at it because it's changed directions a bunch of different times And it's been in the downtrend now all year and it's gotten to the swing target of the next time I do the trends class. I have to update it This got to the number got to the dream target for a swing trade if you did infine since the first gap and I actually think it's gonna break here now because of the way that gap failed so Horrifically back up here. I mean, no one should have bought this. Do you see how this is a short? I Mean forget about the fact the last two days It was a short even here just pretend you saw this gap here at 18 opening. It's not a buy I I see what people see here, but see I just don't look at things that way It's it's so funny because I have a certain way of looking at things And it's so opposite of the way that a lot of people look at things But I think that's because I'm really good at reading gaps number one and number two I'm just doing this type of trading now for a long long time, and I'm not doing anything else I mean I'm only doing gaps Someone asked me over the day. I said, why don't you do? Longs and shorts. Why do you do other things? Could I do a things? Yes, would I be as good at seeing the Specifics and the detail that I see in my trains if I did other types of strategies and also different directions Long and short every single day. I Don't think so to be honest with you I think the reason I'm so so good at what I do is because I'm only doing one thing and I'm only doing it one direction So I see things in a way that not everybody sees and then there's that intuition part of me that says Oh gosh, you know, I know that this is gonna work or I know this isn't gonna work kind of thing Like the cost Costco gap today. I didn't think it was gonna work as a short and it didn't in fact, it flipped over the high in the market fell all day and Something told me the Costco wasn't gonna work right and it didn't But anyways to make a long story short here some going off in a tangent I see what people see here why they wanted to buy this but it was not the way that I looked at it and Who's right? I mean, who's right the person that makes money in the train in the correct direction that it ends up going right in The day and if you shorted this on the ninth you made money if you shorted it's day like I did you made money Infi's a short and a story What really happened here on this the stock pretend this didn't even gap here It just got to the resistance and then it broke and fell. That's all that it did It could have very well rallied up to resistance. It wouldn't have made any difference. It wouldn't have made a wood of difference It's the same concept. Do you see this here? This is resistance. This is resistance. It's not a buy and support It's a short into the resistance And you got to know how to read this stuff people and if you don't you got to learn This is how you get the directions right and stuff. Look, this is gonna break a new low. I'm out of it Yeah, here it goes. Do do do It was a nice play though It was a nice play. I you can't complain you can't get greedy. You have a good day. Everything's working You know you just do it and this is gonna keep going So this is empty the stocks will show play of the day Beautiful beautiful nice trade in here This is gonna end up going to buck. It's probably gonna get a 13. I I got a good 75 cents out of this I'm gonna miss the last piece of what this does, but this will continue further I just know that this will continue down and somewhere in here break 13 This could even break 13 before the end of the day. Wouldn't that be funny? Where would it go then? 1250 1250 if this breaks 13 Well, I'm not redoing it But this is a wonderful nice Play here that I call today in the live training room So if you're interested in learning how to read correct directional trend read support read resistance read gaps Know how to take trains in the right direction. I'm doing a golden gap class this weekend December 14th and 15th It really teaches you what to do and how to read charts, right? I don't read charts the same as most people I really don't But I see what other people do and actually knowing that helps me do what I do Besides because when I'm going to short something and people are going to buy something then I'm taking it out against them So I'm getting it But I'm wanting to be with the position of the institutions the people that are really in control of the stock chart So I'm have conviction to take my position because I know that traders are trying to do stuff like buy this Which is a bad tree and I also know institutions are looking to short more of this or sell out of this If they're still long this thing who knows why anyone would be but people still are I mean they are people that have been This for a long time a long long long time. So all of that comes in the longs get stopped out here Shorts come in Okay The longs in the day get stopped out shorts come in and people that are still long the stock that see a breaking End up selling then finally who haven't sold all long So all of that creates the move here where this infee had this $4 drop And it's still continuing today and had it another this is almost going to be a $2 drop today today look Here it goes. It's gonna break Any second so this is Melissa with the stock switch comm if you're interested in more information on how to trade gaps Email me about doing the class this weekend's the last one this year last chance to do it To trade successfully for 2014 six if you're interested email me at Melissa at the stocks wish comm or give me a call Have a great day everybody