 27 27 past the hour. This is Kevin and your hosting presenter today once I'm open the stocks push comm I Do want to thank the new folks that have just joined us. Let's see Scott just joined us Maru SC if I'm pronouncing that poker Pete Rebecca Eric scrolling up here MJK Joe Bob W Randy and everyone this is online at Trader Central welcome David welcome Doug B Bubba is here Bob W is here SP trader shredders with us again today We do thank each and everyone of you welcome Mike Mark welcome Ricky This is online at Trader Central start promptly and now just two minutes two minutes start time Thank you again everyone and welcome welcome. This is Kevin with online Trader Central We want to thank you and welcome each and everyone of you to the presentation today The new folks have just joined us you're in the right place at the right time for a presentation today Melissa Armo is your host and presenter today. We are fortunate Welcome enough talking it's time to begin. Please put your hands together and welcome from the stocks wish comm Kevin and everyone at online Trader Central welcome Thank you so much for coming everyone. It's a beautiful summer evening here in New York And I am talking to you tonight about the strategy that I trade My name is Melissa Armo and I own a company called the stocks wish LLC And today's webinar topic is called earn a thousand dollars a day fast Make it book it day done and actually I have that saying I always say make it book it stop But really stopped meaning that being successful in the market was to make sure that you keep the money that you make And I also realized very quickly that the time of the day that you take trades Makes a big big difference in how much money you make and also that the fact that you can make your goal in that Period and then therefore you could stop many people trade in the afternoon and they give money back to the market But I only trade the morning period and we're going to talk about that today So if you have any questions, you can feel free to email me and Melissa at the stocks wish comm after the webinar And you can also go follow me at any one of these places I have a ton of videos and YouTube as well where I talk about the market and I'll be doing some market updates on YouTube this week for some videos So welcome. Let's talk about not knowing where to start. You really have to have a reliable strategy and You know making a thousand dollars a day approximately comes up to about five grand a week Okay, and that comes up to about twenty thousand dollars a month now for many many people that would be considered a Enough money to live on or what would be a full-time career the nice thing about the strategy that I trade and And what I do for living is that it actually is full-time income But part time as far as the hours that you spend doing it And so if you feel behind the eight ball in the year, we're at the halfway point of the calendar year Actually, it's really hard to believe it's almost July 4th worth six months into the calendar year 2015 and if you're feeling like you are not getting where you want to be with your trading Then it's a good time to reevaluate because it is not too late. Okay. It's never too late You can turn your year around financially. You can turn your trading around financially All you have to do is move forward a lot of times people want to constantly constantly constantly looking back Looking back doesn't get you anywhere. Okay? You need to be in the moment live in the present and then have goals to move forward And you must move forward if you want to get somewhere staying stuck in the same place That you're at is not going to get you where you want to be to achieve your goals It really got to just kind of like stop the trading insanity if you've been trading and trading trading trading and languishing over bad trades or losses in the past or fighting stocks all day in the market You've got to just stop stop the insanity of it all because it's really not getting you towards your goals And again, it's still not too late in the calendar year to turn things around So it's about changing your team and The sooner you do it's a better now is the time for you to make some important changes in your life And it's really never too late, and it really is also about it doesn't matter if you're 20 30 40 50 60 I've taught people that are over 70 years old. So it really has nothing to do with that It's about whether or not you just are willing to do it If it thinks it sounds too good to be true though to make a thousand dollars a day Then stop and think again and actually today we're gonna go over trades where I'm just I just went over the last week of trades It's what we're gonna go over today, and I'll show you how it's possible And it can be done billions of dollars run through the market daily So earning a thousand dollars a day as a day trader means you would only be taking a small piece of what the market offers on a daily basis They traded is a very profitable way to trade and after you book the trade the money is yours And that's the really nice thing about it, too Someone said something to me recently they have a different career about the way that they get paid there in real estate They're a realtor and I remember from doing mortgages. I mean, I had to wait forever to get paid I'd wait to the loans got approved that I had to wait to the loans closed Then I had to wait till my company pay me which was a month after the loans closed I'm real estate if you're a real estate agent is the same thing when I Treat one of the nicest things about it is that I have the money right now Like I literally could trade today take the money out of my account today and have it and And I actually I don't even know any career that you can actually Have the money right away unless you're like a waiter or waitress or bartender we get tips And certainly nowhere near the income that I make so it's really nice because I make money and I can take it out right away It is a highly lucrative and expeditious manner to trade and profit if you have a specific strategy and a focus in the market as a day trader So one of the great things about day trading my strategy is that it's early in the morning and in the summer Okay, the market is very flat in the afternoons and there's not that much to do And also it's a great great job to be able to have the whole afternoon and the weekends to yourself in the summer It's a good time to think like this about making the money booking the money than having your day done because the weather is gorgeous And if you live in the East Coast, you know in the Northeast we have winter So I you want to get out in the months of the year when the weather is nice Go do things walk go to Central Park go on vacations go to the pool And so the time really to do this strategy is at this period of the year So how can you do it? It takes more than hard work to get to this level of success as a day trader to be able to earn a thousand dollars a day It takes ingenuity Which I've already created through my own system So you can learning that for me and a detailed plan of action to trade the number one key ingredient to becoming successful as a trader is having a specific strategy that can offer you reliable and consistent profits on a Regular basis because you need to be consistent this type of trading success and financial success in the market is really by a peer design I get up in the morning, and I have everything situated and know what I want to do So what does it take it really takes having a niche which which I had and if you want to trade like everyone else out There then your results will be like everyone else If you want to have outstanding results and you're trading then you need to be different You need to learn from a trader who is talented and has an edge like me because I am very talented and And one of the calls we're going to go over tonight is actually a call that I made a Netflix Which was a swing trade although you could have done as a day trade as well I have a unique method and strategy that I trade which I alone created and I have an edge now I know a lot of people talk about edges and a lot of people use this word so sporadically that I think in reference to trading educators and Trading rooms and even traders talking amongst themselves. I think the word is overused Okay, but the fact is it has meaning and the meaning that it always had the base base meaning of the word is that you need To be able to be one foot out in front of whoever else is trying to get the money Now, how do I do that? I know what I want to Trade before the open. I'm not waiting till after 10 o'clock I know exactly how I want to take the setup in it and when I see it I pounce on top of it at a minute before anybody else So that is an edge and I'm doing the same thing over and over and over and over and over You really do need an edge And I think the problem is that this word has been overused in the trading educational word Because and then this is lost all meaning and then no one feels like they ever have an edge Okay, the fact is there is something like an edge and you do need one Okay, because there's too many people out there in the market trying to make money And you want to be one of them you want to be one of the ones that are making money So my edge is one reason that I read the market so well and it has a lot to do with my strategy Now this is a clip chart of the spy the markets from back and forth back and forth Even though really it's an uptrend and I know the market showed some red today But the fact is that the markets higher I did call the spy to make a new high when it did last year and it did again this year And it's going to do it again even though a lot of people are saying the market is showing Signs of sluggishness and that it's not higher the fact is it is and it is okay And one of the reasons that I know that is because my strategy when I look at it in the market I can see that it is going to continue to move higher So why is an edge important because you need to go into the market and grab money as quickly as you can as Expeditiously as you can and in the idea of making a thousand dollars a day is actually such a small tiny tiny bit of money in the market That you need to be so exact with what you're doing so focused that you can go in and take that kind of cash regularly and get out Okay, and go out in a fast period of time. So you need to be focused for that It's really about working smarter not harder learn to work smarter not harder to reach the income level you desire Making a thousand dollars a day day training is achievable if you set yourself in the right path The number of successful people in the market is small in comparison to the number of people in the market What is the reason for this? It's really that people just don't have a focus They are just not focused enough and not only that they don't even believe that they could be focused Have an edge or that it could even be easy, but it can be easy to make money in the market if you know what to do I'm teaching people that it can be easy because they're making money and I can't tell you what a difference it makes when people start to Consistently make money. It's not even the idea of making money because some people have made money in the past that have been trading or made money The marketing investments. It's the idea of the consistency once you get consistent You can say wow I think I you know This is like something that I actually could do for a living even if you thought you wanted to do it But you weren't a hundred percent sure I'm giving people the conviction to know that they can do it because of the consistency which I call my trades and Show them the system. Okay, which is after you learn it in the class But it does not have to be hard You've just got to learn what to do when and how to have focus It really is about the learning factor and once you know what to do then it's easy This is one of the reasons that trading is effortless for me now Every once in a while I say well, this looks hard and I'm aware of it, but it's not that often I I feel like I just let the stock give it to me or the market whenever I am taking my trades And again, you get to the point over doing something over and over for years that you should be doing better It should be effortless for you You should be making a lot of money and if you've been attempting to trade the market for more than two years Okay, and you're not profitable. Are you finding it struggling? Then something you're doing probably actually is not a successful strategy. There is an issue there Let alone not having an edge. So it's time to evaluate all of that Part of that is also understanding the value of money and your thoughts surrounding money a lot of people just don't get it Every penny that you spend in risk in the market is worth something It was your hard-earned money that you got somehow from working every penny counts One of the things that I really really am so I mean, I have just been never been better at this And I am this year is as finding quality like I just don't even want to do the trade if I don't like it I just don't do it every penny counts that you're risking and what happens is people get sloppy They are so sloppy. They take a trade here or there or they're 50 50 about it It's like they're gambling it or they think well, I'm only taking a couple hundred shares It's not that big of a deal or I'm only risking a hundred dollars. It's not that big of a deal Really if if I gave you a million dollars to trade then would you say it's a big deal? You have to act like every penny That's you're risking whether it's one dollar a hundred dollars or a thousand dollars as your risk unit is important And if you trade like that with that right mindset that money is valuable and you respect it Whether it's a penny or a dollar or a million bucks Then you will see that you can be very very hone into focus to get to the point where you're risking more So you get to the point where you're making more and then you're really really rolling in it And I think it's about the fact that people just get so sloppy with their trades But I'm not sloppy with what I do at all. I'm very very very specific So I say align yourself with like-minded people. This is a picture of me This is what I look like and you know, I'm one of those people that has a great great attitude Through years of experience and learning and process and going on my own journey about wealth and money One of the reasons that I do well is I'm really good at reading live money as it's moving in the market Okay, but I have a full understanding of how that works in the psychology behind it in reference to your brain when you're thinking So be responsible with your choices when you trade And act like you're risking a lot of money and have a lot when you do it And you will find that the market respects people who think like that One of I went out today. I'll just tell you this is my day before I talk about the trades I got up today I woke up late. I didn't go to the gym and I normally do in the morning Then I ran the trading room Did two trades today There wasn't that much to do did two things for small moves got quick out so the market was going to be sideways or possibly lower Got down with a room at 11 o'clock Got my working and walked up to Whole Foods grocery shop and had my groceries delivered And walked back and this is a picture of Central Park 30 minutes from where I walked up to today It was a glorious beautiful day came back did some things around the house took a shower And I'm doing the webinar now and afterwards I'm going to have a glass of wine. That's my life My job is done at 11 o'clock. I was out, you know, Crowsing about the city this afternoon It really you can have the dream life that you want I think a lot of people just don't believe that they can but it will take some focus for you to do it Okay, you got to get to the point where you say I'm really committed to doing this And I'm really going to learn it and I'm really going to take it seriously Like I was saying people lack the focus But success is contagious and when you align yourself with like-minded people And I'm a successful person you really start to see that it's possible Why because you see you you connect with me like my friends see it with me And then they're connecting with me and then I'm meeting other successful people And and and you there's a lot of successful people actually in New York City So success is contagious if you're hanging around people that are not successful and are winding and negative all the time That's not going to get you towards your goals And that's one of the reasons that I have my live trading room closed off. Nobody can see anybody's comments, but me Everyone is independent when they're doing this I'm in charge and I'm running the realm and I'm calling the trades and I know the right mindset And so I'm calling the trades and I'm the one that's directing the positive energy in the room And and it makes a makes a big difference. Okay. In fact, I had someone I had to do something yesterday I had someone fill in for me run the room and he sent me the most wonderful email afterwards He said I've never been in such a positive trading room. Everyone is so happy And people really are focused to know what to do He said it's so different from the other rooms that I've been in and I said, of course, they're happy They're making money and I taught them to be focused. Okay. If you're in rooms that have no focus, it's like Bizarro world to me. Okay. You should be getting up in the morning and watching what you're doing and focusing on one trade or maybe two Now let's talk about how to make a thousand dollars a day and how much money you have to risk You basically need to risk between four and 500 All the units I'm going to go over today are going to be based on you making a thousand dollars a day So for example, if you made three risk units a day and you risk 500 that'd be 1500 in the low end Six risk units, which you could have if the trade goes to a medium target three grand And then if a trade goes to what I call the dream target You could make 10 risk units and this is possible, which would be up to 5000 in the high end This is with a risk of 500. So I'm going to use this as an example all day because we're talking about trades And the purpose of the webinars to talk about making a thousand dollars a day So I'd risk between four and 500 if I were you if I want to make this kind of money And that's where you get to the point where you're making 20 grand a month Because that's basically what a thousand dollars on day average is Now, how can you do this? How can you make a thousand dollars a day of day trading? Number one focus on one strategy, which I'm going to talk about today, which is my strategy, which is golden gas You pick the best golden gap possible each day. How do you do this? Using a 26 point rating system Then you risk up a amount between four and 500 each trade Okay You take an entry in the best qualified gap meaning let's just say you had five you looked at You take the best highest rated one And I take the entry in the one minute chart Which I'm going to show you today and then also you do not trade when there are no good gaps like I didn't trade on Monday So then that's the other thing you have to do too because you don't want to trade when there isn't anything good Because then it's like you're wasting money. It goes back to the old philosophy. I was saying earlier Don't be irresponsible thinking. Well, I'll just take a little bit of size or well I'll just risk this much. No, I really don't you know Encourage people to do that you have your set risk That's what you take if you have conviction you do it if you don't you don't Okay, there are a few critical factors though That must be presenting or trading if you want to make a thousand dollars a day every day you trade If these critical elements are present then not only can you make a thousand dollars a day You can make more than that trading and as time goes on and you increase your risk And really the sky is limited in the market the only difference between you making Two thousand dollars a day or thousand dollars a day or three thousand dollars a day is the amount of risk Because it has to do with your sizing Many people fail However to have each of these critical pieces that are extremely vital and relevant for a trader's success Okay, what are they number one the focus? Okay, you've got to be focused with what you're doing. Number two do one strategy, which I do Okay, which is gaps in the morning that rate. Well number three you pick one direction to play I like to focus on shorts. Okay, so I'm going short most of the days of the year not long Although you can use this strategy for longs if you prefer But the idea of focusing on one direction makes a huge difference And number four know how to take the entry Which I teach in my class many many people Even if they like something or know the right direction have no clue where to get in and when we put the stop We were having a whole discussion about that in the trading room actually today So how can we make a thousand dollars a day trading focus focus focus focus focus focus? All right I had a lot of focus. This was a gap from last week. It was the oracle. We're gonna go over this The strategy has to be present now. This is a one-minute chart, but again my strategy is gaps So what happens when the stock gaps? Well, the stock closed up here in oracle This was last week on thursday It closed up here around 44 dollars in some sense then it got down And it opened around 41 something 41 80 ish So the actual Closed from the prior day until the open of the next day is what a gap is these sides of it could be small It could be big if oracle had opened here at 44 60 It still would have been a gap and you still could have rated the gap Okay But i'm just telling you the gap is the strategy which is intact and then you have the stock pick And then you watch it how to trade Now i name my strategy golden gaps because it's like funding gold of the market because it is a gap that moves in the direction of the gap And has a large move it is called the golden gap because institutional traders and investors are making and creating the gap A golden gap rates 20 points or more per the 26 point rating system And this is what i teach. This is how what i trade. This is what i do every single day In the case of a bullish golden gap institutions are buying the stock Therefore the stock moves higher in the trading day and in the case of a bearish golden gap Which is what i prefer because i like to short Institutions are selling and are shorting the stock on the day. Therefore the stock moves lower On the trading day. Okay This is why i prefer bearish gaps I really prefer bearish gaps because gaps that gap down have two things happening them to create the gap Therefore they have double the potential for a move they have selling and they have shorting Now i will tell you you've got to understand the power of shorting what shorting happens and again This is why i like the short side Which i mainly focus on in my class in the room. You have a lot of panic This was a chart from adobe from last week You have panic that happens and it comes in quickly So going back to the idea of trading quickly and being done sometimes i'm going to trade for five minutes Sometimes i'm going to trade for 10 minutes sometimes i'm going to trade for 30 minutes or an hour Which should be considered long, but it still comes in so fast That's how i'm able to trade and be done So really in the morning and then go out and do other things in the city It's it's the power of shorting is that you get the panic So you can still go along and get momentum moves and you can still trade in with gaps But i'm saying that the power of shorting comes in because you get the panic Okay in order for a trader to make money shorting the stock You have to have selling action in it the stock has to have selling action And in order for a stock to move down aggressively. Okay, it has to have panic action in it meaning fast quick. Okay That's what i mean by aggressive in order for a stock to move big It has to have money moving it and has to have a lot of money moving it Like not just a couple traders shorting it. You really have to have Money that's moving the stock that's selling out of it for the panic So who makes these gaps large institutions hedge funds and banks They they're the ones that makes gaps in the first place So you've got to find out is the stock gapping down and going to be a long is the stock gapping down and going to be a short You have to know which direction the large money is going to flow So what I did was when I was trying to figure this out on my own I devised a formula to find the good ones to rate and qualify the gap So that I had the confirmation and the conviction that the institution of money was with me If I wanted to short it meaning that I get the selling action Okay, this is where the whole sense of urgency comes into Stop and you get the red. Okay. I have that my candlesticks red and the shorting And then the action is that you get sellers This is why they'll got trading is very powerful because it happens quick You get the panic and you're trading on the side of the money and you have to have that money moving a stock Or you won't get paid So what do I mean by institutional money? I mean Large amounts of money millions of shares that come into a stock on any given day and actually push you to move it down Now I talked earlier about this and again I prefer the shorts, but I will tell you that I'm excellent as well at calling longs And netflix had a gap that happened back at the beginning of the year Actually, it's had it's had it had another gap But the one that happened earlier in the year in january called a swing trade on there was another gap here I called this too. You could have done a day trade on this or a swing trade although it was late But this is the one I did the letter on I have a swing trade letter as well This was a great call at the time here when this capped up This was uh a beautiful beautiful beautiful positioning here If you wanted to go long netflix for an overnight for the longer term The swing trade call I made in this and again, this is a gap So whether you day trade or swing trade same principle It's a gap, but I'm showing you here the power of institutional money and that's the example here Even though I day trade you can do these for day trades, but you can also do them overnight I'm showing you it's just the idea of the money The the entry was around 4 10 4 15. This is just the day of the gap you get in it. Okay Stop is 380 risk is about 30 35 dollars depending on your entry First target was 4 35 454 65. They all got hit Now I did this back in a webinar I did in january before before any of this even happened And I just plot this in this webinar because it was one from we did earlier in the year What did this stock do it went it went to the whole shebang Okay, if you had taken a hundred shares of the swing trade you would have made it almost 30 grand It was a hundred shares of it on the call that I made in january now That's six months, but you would have made almost 30 thousand dollars taken a hundred shares in netflix In six months. That's phenomenal If you had the ability to take 500 shares you would have made 147 500 And this was approximately as of last night when it was gapping up But actually ran up a little bit even over the number I'm giving here And if you had the ability to take a thousand shares which some people I'm sure would that are here You would have made almost 300 000 dollars. It was a 70 percent move from the swing train calling me This is the power of Gaps, this is the power of golden gaps is the power of the calls And I made the ability that I had to make the call here and the call here Is because of my rating system that I can read gaps and you can day trade it or swing trade it Now for fast money as a day trader I like to be not quick, but I got to tell you even if I did swing trading consistently This is fast money a swing trade the stock went to the dream target in six months. That's unheard of Okay, but it I knew it and I made the call and and it worked You don't know the timing when they're going to go to these numbers But I did know what the numbers are, but I'm telling you this is fast money in a swing trade and a huge run up 70 in six months is enormous Okay, so how do you read institutional money in a chart gaps? That's how I read it in Netflix And that's how I read it in the market How do I figure out if the gap is good if it's a long or short by looking at my rating system I have 26 points you just check it off on the list you tally everything up And then if it totals 20 or more, you know to do it in the direction of the gap again It's easy. It doesn't take you that long to figure it out You just got to know what to look for and once you know what to look for then you just do it It doesn't have to be that complicated or complex So my system measures the gap by rating them in a daily chart to find the stocks to trade that have number one A high probability of directional bias for the entire day That's what I'm looking for number two a big move on the day because I like the moon. Okay, and again, I like it quick Early confirmation of the bias in the moon, which I'm looking for between 9 30 and 10 And then precise entries with follow-through and a good risk to reward potential and for me. That's like about three Now some days I make more than three some days I make a little bit less than three But I like to get three It's hard for me to take a trade if I don't know that I have the potential for at least three Okay, so if you're risking $500 in a trade your goal every day is to make 1500 not a thousand Some days they will only go two hours and you'll make a thousand some days go four and you'll make two grand Okay, this is if you risk $500 these are the examples we're talking about today Because we're talking about making 20 grand a month now one week of trading with a $500 risk for the profit Let's go over it. I just I just went over the last week. This is all we're going to go over right now These are the trades that are caught in the live room in the last week and again Monday There's no trading. So it's actually wasn't even a full week. Anyways last Wednesday was adobe Now let's look at it here This is adobe on the daily chart. So this was a short Okay, the stock went red The entry for the short in adobe now we're on a one minute chart Okay, you decide you'd like adobe in the morning Then the market opens and then you short adobe if it sets up which it did Right in here was the short And it fell off the planet. Okay, so you're in the trade here And you're out of in here. So you're in the train here approximately 935 and you're out within 30 minutes So if you risk around 500 bucks 595 Okay, you are short the stock And you could have made 21 25 on the day in 30 minutes. Okay This is a beautiful beautiful beautiful trade to happen very very quickly and really You know, again, you're done. You're done by 10 o'clock Okay, you're done. You're in you're out. Boom. The idea of your day being done You're not going back. You're not keep trading. You're not trading trading trading trading trading trading You're just seeing the trade you're doing the trade and you're out You're you're making the money and you're booking it So you're in quick your out quick and I also you stops the stops tell me and in the case of adobe You have to you have to know like do you see how this action here? This is what I'm talking about about institutions This these bars here are happening like this is flat again I know it's hard to say but like if you were watching this live like I was like this is happening like like that It's like and it's going so this is happening very quickly So it looks all nice like and slow here, but it's actually not but that's the beauty of being able to make money really fast Okay Now the next day was the oracle we already talked about the oracle So this was the following day the thursday after the adobe So actually oracle was a beautiful beautiful short this tail. This tail here is where I shorted it Very exact very specific Now I also want to point something out oracle ended up flipping on the day I got out made the profit very quickly was out. It flipped I want you to see what this did afterwards. Look at this I would have never never never never never never never bought that Okay, look at what this has done after this. This is almost through the low of the previous day and actually I don't even see him as closed here, but look at this. Okay. This is exactly what I'm talking about This play is a short It was a short in the day and it's a short here See that Now oracle Okay, stock closed up here gap down Short it And it goes and here it is Very very very very quick Price of the entry was 41 85 Stop is over 42 10 risk is 25 cents So when 2000 shares again, your risk needs to be the same or equal to or close to when every trade was 500 bucks Exit is 41 And your profit is $1,700. This is a nice trade. It was over three. Your goal is three So your goal was 1500 it went to the target. You made 1700 You're in it for less than an hour and you're you're off with your day. Okay Sometimes trades are done in five minutes. Sometimes we're done in 10 minutes Sometimes we're done in an hour. Sometimes if they're done in 30 minutes, but I'm never trading the afternoon Does everyone understand This and if you don't ask me questions, I never know what people know and what they don't I don't know what the range of people is here of their knowledge Somebody tell me they know nothing about gas and you're nothing about trading What does anyone have any questions because I'm not seeing any questions and I don't want to You know talk to advanced here where people miss what I'm saying You are looking for oracle in the daily chart The stock is gapping down you get up in the morning before 9 30 and you're gonna rate it Based on the 26 point system, then you're gonna say wow, this is a good one oracle is assured And then once the open comes in, you know where you're looking to short this and when you see it You take it and then you also know the targets ahead of time and when it gets to the target Then you get out. Okay, and you can even have the order Out there ahead of time in the market if your platform set up that way to fill you at the number I don't trade like that. I use hot keys, but you could Yes, I call Well, actually dsc has asked me do I call the target exit price as well as the entry price I call the entry and the stop in the room and I take it I call it when I'm taking it live, but I actually put the targets In the room in the morning before the market open I even put the targets beforehand So you would know where you're going with it before we even take it But then when I'm getting out of it, I say take it take it and we get out of it So I also say take it live, but I also tell you way before the open where the targets are So but in live time, I'm saying take it and we're out A lot of money or risk you have to purchase the stock. First of all, we're not purchasing oracle. We're shorting it We're borrowing it from the broker as a pre-borrow to short the stock So we're not buying it. Second of all, I'm not buying oracle and holding it overnight as an actual Long trade in other words, I'm not I'm not going and Buying oracle and holding it overnight. So I have day trading buying power day trading buying power is different from overnight buying power Because you get leverage from brokers and you get more leverage from a broker taking something of the day trade than an overnight The leverage you get from the broker varies. You don't have to check with brokers There are retail brokers and proprietary day trading brokers the actual amount if you took 2000 shares of oracle At this price point, you would have needed 83 700 and buying power If you had a retail account You would have needed about 20 grand to do that if you had a prop account You would have needed approximately four thousand dollars to do that trade So that's pretty darn good because if you had four thousand dollars in a prop account You just made 50 percent of your money in that one trade You just you just made 50 percent of your account in that one trade at a prop place But there are different types of brokers and if you don't understand that you have to read online about it Or you can email me and I can send you a referral Does that make sense? Okay, but no one's purchasing anything. You're shorting the stock You're using day trading buying power. You're flat every day by four. In fact, you're flat before noon And there are many many different types of brokers out there and some that will give you high leverage But that's fine because you're flat And you're using stocks Okay So the cost price point of a stock you do not need in the money and is that clear You do not need a bazillion dollars to do this If you did, how do you think I'd have a huge business with lots of clients? Well, I could still because there's a lot of people actually that do have a lot of money But you know, there are people that are trading with me that don't have a bazillion dollars and are doing very well And there are days sometimes when they have five grand in their account and they make Have trades where they make over a thousand dollars and that's like a 25 game in their account And there are at prop places Okay You need to know what to do though All right And take the trade when I call it Now let's look at the next one here. This was friday friday of last week. There were two from friday. There were two good ones And every once in a while I will do Two were good. If there's two good picks, I'll call or look at two good picks But I try to focus on one, but there were two I liked on friday Anyways on friday if you did the one from friday, it was was fs and fnsr Stock closed the night before at period 22 20 and gap down gap down here to 21 something Okay, this actually if you held us all the way down to the dream target It made it I said the target in the morning before the stock opened the dream target was 1950 Low in the day was 1955. How about that for example? But anyways the morning trade was way way before that And so we're going to go over the morning trade The morning trade in this if you've shorted this here and was out of this here you'd be done in five minutes As it turns out the low in here is around 20 dollars The stock ran down more than this though on the day and we set up So you could have made even more money in this if we took two trades in it But the goal is to be done quickly Price of the entry of the short though for the main trade the first trade was 20 dollars and 85 cents It was a 25 cent risk Risk again, it's 500 dollars. You're out boom drop into the drop. You could have made 1600 bucks Again a wonderful risk to reward trade, which is 3.2 and you're in it for five minutes Five minutes again. You couldn't reshorted this it fell. You're actually going out of this here But it reset up again rally and you could have shorted it and got another buck out of it But the quick quick trade was 80 percent of the move and you're done in five minutes 80 percent here Again, this idea of the shorting the panic the time of day the quickness look Look at that There it is If you want a choice to be done with your day in 15 minutes five minutes 10 minutes 15 minutes I take this all day long every day day after day after day after day rather than sitting on languishing in trees Or waiting for them to go You know, it's really not That hard to find stuff like this That does this all the time but many many people have no idea what they're looking for So then they can't get it and they're waiting till after 10 o'clock to try to find something or see something or wait for it to set up You know, you can be waiting forever. Meanwhile, the move is gone. The momentum happens into the open Now this was the other pick from friday This was more of a snaily one the way it set up compared to the f FNsr, but it had money in it stock closed up here at 15 50 gap down here to about approximately 12 50 ish And it was a short So you would look to short the stock here and it went right to the target This this went to the target in five minutes. You don't always have that again, but this did And the risk to reward and this is different because the way it's set up It just happened to go right to the target and it had a larger stop for the payoff 20 cents was a risk in this so you could have taken 2,500 shares if you're risking 500 bucks You shorted into 12 45 Stop is 12 65 And you were out into the first drop five minutes from the target out $12 was the target profits a thousand bucks risk to word and this is two, but you're in the trade for six minutes So you make a thousand dollars and six minutes You make a thousand dollars here in six minutes You could make $1,600 here if you've done this trade in five minutes in this trade here 1700 and less than an hour in this trade here two thousand dollars I mean, this is you know, you just have to have the focus the strategy You gotta know what direction you're playing you gotta take the entry and you gotta know where to get out If you know all of that you can do it and it's not hard and it's easy and you can be done quick Many many people don't have the focus and they definitely don't have the type of eye that I do Which is my rating system to tell me the pick Which is the stock symbol because it's really the stock symbol to know because how do you know Somebody's gonna go do something like this if you wait on the scanner It's too late the sell-off has happened and my rating system tells me in the pre market That this is going to be good and therefore when the time opens and the market opens and the stock sets up I'm right in I'm in and this is my edge. My edge is my rating system My edges. I know how to take the entries my edges I know how to do the stops and what the targets are and I know how to read Life price action when it happens very quickly into the open and I can read it in the first 60 seconds And that is a skill And it's something you can learn from me But that is the edge and I'm telling you if you want to move out in front And trade and make this kind of money quickly You can do it, but you've got to learn how But this is you know, it's fantastic. Let's go up the next one here Oh, okay, so monday money no trading no money no trading for the system nothing rated Again focus focus focus use your brain some days or something to do and monday's are typically slow and it's not earning season Let me just answer some questions here. What about slippage there? I think I'm taking more size in anyone in the room I don't have slippage that often have I never had slippage? No, sometimes I have slippage sometimes some I have slippage when a machine If it stops me out puts me over something and then I have slippage does that happen every week or every month? No, it doesn't it does not it happens. If I get stopped out of something. I don't take that many stops And I do take size, but I will tell you that I train stocks that have large volume error So I don't really get hurt in anything Uh, if you're trading stocks that are wiggly jiggly wippy and low volume Yes, that can happen to you, but I don't I don't because I don't want to be a large position in any stock And because I'm trading with several thousand shares and I risk more than five hundred dollars On my trades even though I'm using this for the same example I risk more than five hundred dollars in my position and I You know some trades I've taken ten thousand shares and I don't want to move that stock So I have to trade things that actually have volume and so I don't really have a problem with slippage because I'm in stocks that That are very very active fluid. I call it Uh a fluid action. Okay. It's the jerky kind of action or people putting incorrect stops In that pops them out, but I know where the stops are supposed to be Hey Melissa, what about losses drawdowns do they all work? Of course they don't all work Of course they don't all work I don't know if that was a serious question or not. That's like asking me if I've ever taken a loss But to be honest with you I am on a roll I am in a roll and I think everyone in the room At covering season in july is increasing their risk. We were talking about it today. I Have never traded a better of my life, but quite frankly. This is exactly the way it should be I have never traded better in my life that I'm trading now And I'm not telling you this right now, but I want to stay on pace here I'm going to be on national television and there's a reason for that because I am incredibly Incredibly incredibly good at what I do incredibly good. Okay. There is no one better. They're reading this stuff than me So if you're interested in learning from me Don't Wait around because there may be a time that you don't even can't even learn from me or talk to me Or take the class from me Or if I'm even teaching it the price of it could be 50 grand Because I'm going to be on national television Very soon So, you know, I know what I'm doing here Anyway, let's get back to this The next gap here is sonic. Okay This was yesterday Stock closed up here at 34 Something all right and gap down gap down here to 32 dollars gap down And this had a nice sell-off. Okay Here is the sonic now. You could have actually taken this here. You could have shorted this here and got all out But this was a little bit bigger for stop in here Now sometimes I do take big stops So sometimes I kind of wait to see if I can get a better entry But this was the first aggressive one. You could have done it and been all out This was a nicer one in here the second set up the second play You've got more volume going on in this by this time You could have shorted the stock here stop and here's the drop. Okay Again, the train is happening in 30 minutes So you could have taken this been out of five minutes You could have taken this been out in five minutes taken in here and been out Either way it's a beautiful sell-off Price of the entry in the second call was 31 stop is 31 20 risk is 20 cents So in 2500 shares, it was a risk of 500 dollars again. I'm using this but as you get better you can risk more over time Okay, and that's how it works Exit 30 15 although I would tell you this kept dropping It's really really really just got pummeled yesterday told our profit was 2000 For risk units. This is a nice trade in 30 minutes. Look out Really nice sell-off in this again institutional money institutional selling. All right I wouldn't use stops if I never took a loss g-tray. Okay, but I've always used stops and I always will Why because again going back to the beginning part of the lecture. I'm responsible with my money I didn't get to this place in my life right now. I'll tell you that right now. I'm not being responsible I'm responsible in my trading. I'm responsible with my own money with my spending with my risk with with my system with my business relationships with my clients with my Friendships with my family. I'm a responsible individual. Okay, and I take responsibility for the choices that I make in the market And the money that I risk if you are not a responsible person You're going to have a hard time trading and making money being successful. You can't look at this as gambling I take it seriously. This is my job. I've always taken it seriously. I take money seriously too So, you know, you have to be responsible and it would be irresponsible to trade a system That had a large amount of losses or drawdowns. I wouldn't be doing this every day of my life And nor would I be teaching people this system or charging the money for it If there was big losses or drawdowns. My system doesn't have that many losses or drawdowns. It works Okay, do you sometimes take a loss? Yes, that is part of trading If you don't understand that then you really shouldn't be a trader Okay, every once in a while you will have to take a loss, but that's why you put in a stop So let's go over the results the glow in the gap system gives you a high percentage success rate Here's the week of trading gaps. Wednesday, again, this is all if you risk 500 bucks. You could have made 2250 Thursday 1700 Friday 2600 Monday, no trades. So actually this is only four days of the trade and Tuesday 2000 dollars Total risk per day was around 500 an average and the total amount made in a week of trading with one day off And no losers and that's correct. And again, I said, you know, I am on a roll here But I've been doing this for seven years Okay, you should be getting better. I should have more if I could trade every day and never lose. I'd love it Who knows? I'm not even gonna put it out of the realm of possibility that could happen I'm not even gonna put it out of the realm of possibility that could happen here. How about that? There you go G trade Because I'm getting better every day So anything's possible. And if that ever happens then my arm's gonna be like 25,000 550 bucks And you know what that netflix trade? Oh, yeah, yeah, I mean that netflix trade It's just you know when I was figuring I was thinking that who was I talking to? Oh I I was talking to my manager last night said, you know, if I taken 5000 shares of it If I'd taken 5000 shares of that, I would have made a million and a half dollars 5000 shares 5000 shares I really it really is not a crazy meta night that would have needed for that 5000 shares if I'd taken that netflix trade that swing trade It would have made a million and five dollars in that and I made that I had the call But I would have had to take 5000 shares of that Anyways, I got off track there Um, anyways, so here we go 8,550 dollars you could have made risking 500 bucks Wednesday, thursday, friday, monday, no trades and tuesday That's being in the room with me and not trading one of the day and no losers and only risking 500 dollars And and and I don't know if we're trading so it's not like you're risking 500 dollars a trade and taking 10 trades to get these results So you're taking one trade and you're done or two trades and you're done And that's it you have to be responsible with your risk And this is what your trading account should look like it should look like this Then you and you should be getting better as I was talking about you should be getting better and it should be like that Is it easy if you know how to trade the answer is yes, but you have to apply yourself You have to learn my system you have to Be responsible and you have to be focused and you have to be focused focused focus focus focus And if I said is something good to do that you don't do anything and if money no gaps rate Well, then you don't trade you turn off your platform you go to the gym So the golden gap system gives you a high percentage success rate because it is extremely detailed You want to know why the system has a high percentage rate looking at 26 things? I mean do you realize that that's like really that's extremely that's a lot of things to look at So if I'm looking at 26 things and I've got to get 20 out of those That is an awful darn Toot in the mouth of things that the stock has to get But every one of them is giving me conviction and confirmation that it's going to work Okay, that is a lot of things to get and so you don't have like 100,000 things to get that So when you qualify them, you have a few In earnings, you have more You're really only looking for one because you only need one trade a day So the golden gap system puts the odds in your favor so you can win and that's what you want to do in the market The course that I teach teaches a 26 point rating system And that's how you find the stock to pick each day The course also teaches you how to enter and exit the stock on the day The course teaches you price analysis and technical analysis on an advanced level And the course teaches a more proficient way to read support and resistance correctly The course teaches you to focus on one strategy in a detailed manner So you can become a good trader and that should be your objective The golden gap course I teach helps you achieve your goal The goal is money in the market. The goal is to be consistently profitable And and really to have a good quality of life and part of that is not working all day to four o'clock And not trading the morning and being obsessed about trading giving money back in the afternoon Trading can be easy. You really can make money booking and be done and and that has to be your focus Okay, I don't understand your question g trade because you're kind of talking In a broken sentence there. I'm not sure if I answered your question or not But if you could write a full sentence there because you lost me So the class I teach teaches the rating system the 26 point rating system And as I was saying earlier in the webinar, you really got to have an edge to make a thousand dollars a day It's not that money in the market. If you can pull it out quickly A lot of people struggle making any money at all in the market. Why they don't have these things They don't have the focus. They don't have the responsibility and reference to making choices correctly about money They're not serious enough about it They're not serious enough about focusing on just one directional bias, whether it's longer short and one stock Okay, many people are scanning and have 20 thumbnails up Where's the focus? Okay, where is the focus if you're watching 20 stocks? You think you're gonna get the right entry at 932 or 933 at the exact price in adobe At the exact moment before it falls off a planet if you're watching 20 things You won't even have time to put it up in your jiggy in your level two I mean I have it up. I'm ready. I'm like on top of my keyboard watching it If I watch 20 things, I never get the entries I get never never never never never let alone be able to size myself Correctly for the risk to reward to be able to put the stop in Okay, and you have to pay attention because they go so fast. You have to get out Okay, making money involves a plan of action using a specific strategy to trade And and that's what you really got to have So empower yourself to trade the market and I teach a class as I was saying It is called the golden gap course It is a full two-day course on how to strategically find pick-and-play stocks That are professional bearish gaps retakes are free if you take the class. It's anywhere in the world Uh, you could be because the class is online. In fact, I had a gentleman He did wonderful. He did the class last time and he Hebrew is his regular language not english And he he did he did a really good job even though You know his main language is in english and he was online doing the class and he did it So, you know, it's one of these things where the us stock market has so much momentum in it You can you know, everybody that lives everywhere in the world wants to trade the market because of the fact that there's so Money stocks and so much volatility and there's a lot of money to be made in it Even if you live in a different country So the next class is july 11th and 12th It is 9 a.m to 5 p.m eastern time Again, eastern is where i'm in the cost of class is 34.99 if you are interested You can email me at melissa at the stockswish.com My whole website is being redone. It should be done by july 1st For now if you want to sign up you have to email me for registration papers I am running a webinar special for anyone that's here today if you're interested and want to sign up for the class I'm running it through sunday sunday, which is june 28th. Okay I'm going to give the swing trade letter freak for the year if you sign up for the class by june 28 This is huge This is huge because I have some really nice swing trades that I've followed even so far just this year Netflix was one of them, but i'm giving the letter free for a year Which is a thousand dollar savings if you sign up for the class in july by sunday the 28th Okay, that's the deal. This is the webinar special for tonight. So again, you know, this was just yeah So if I had taken five thousand shares of this here, I figured it out I would have made a million and a half dollars and from there I will Because I definitely see it This was a great call The stock ended up doing a stock split last night But of course I wouldn't have known that when I made the call here But I saw it in the chart and it's all because I'm reading the gaps. I'm just reading all the gaps Now I do have a live training room. You cannot join my live training room unless you have taken and completed the golden gap class I made that for a reason because I want everyone to be focused and know what to do and be serious about their trading You can do a trial this week if you want For tomorrow and friday. I am off next week. So you can't do a trial next week But you can do a trial if you want thursday and friday Okay, you could email me tonight if you want a trial to sit in I know we're gonna have something good tomorrow because everybody looked at some things tonight And again in order to join the room you have to have done the course everyone in the room has done the class And I wanted to show you here. I just got these pictures taken for the website. This is uh I just got some professional pictures. I had the designer Talk about living in new york and having having a great life the designer signed my shoes Look at these shoes They're red for the socks bush and the designer signed them I don't know if you can see you don't have to blow it up to the socks bush and then sign them These are these is I actually met the designer Uh in new york. He signed my shoes. So I'm putting them on the website All right, let me just see if anyone has any questions Can you trade at work by using your cell phone? I have no idea what platform you use I don't know if you can get on your platform Through your cell phone. I know that you can do that With the hot com to be in the room eric, but I don't know what platform you use So That you have to check your platform place Does anyone else have any questions about anything? Anything at all anything about gas anything about the market anything about the class Good group here tonight Well, if you'd like more information you can email me Again, I'm running the special through sunday if you sign up for the gap class for july Today tomorrow a saturday sunday We'll get the swing trade letter free And the cost of the class is 34.99 Thanks so much for having me everyone. Oh, hold on one more question for melissa. All right. No, that was Kathy Thanks everyone for Being here and having me. Thanks. Kathy and kevin. Have a wonderful evening. Okay Email me and melissa the stocks switch.com if you'd like more information You're welcome