 humorous financial media platforms, including Fox Business Network, RT America, Cheddar TV and CBS News. Her focus is on a unique golden gap strategy that pinpoints how to leverage institutional money in the stock market. That's really what her thing is, and she's great at it. And in today's session, she's going to be talking about trading and investing in volatile markets. In other words, the markets we're experiencing right now. She's going to be talking about what's driving current market volatility. She's going to be talking about the best index that she uses for gauging market direction. And she's going to also talk about gap opportunities with selective stocks. So with that, I'd like to welcome to the room, Melissa Armo. Thanks, Melissa. Welcome. Yes, we can. Hi. Good morning, Melissa. See the PowerPoint? Let's see. Yes, we can. Oh, beautiful picture of New York there. It is beautiful. You're on the streets of New York. It's not a pretty sight, I'll tell you. I was out the other day, but that's a topic for another lecture right now. That sounds great. Hey, listen, have a great presentation. Thank you. Topic for today. Today, we're going to talk about volatility and how you can trade this market. And this is a good topic for today because why? The markets are selling off today. The markets are selling off and you just had the QQQs make brand new all-time highs. You just had Apple make brand new all-time highs. You just had Amazon make brand new all-time highs. So the sell-off today is happening really because there was a gap down in the market today. And I called a lot of shorts today for the people that are my clients. I called day trade shorts. We did CCL short. We did Boeing short. You could still be in Boeing. And I also called puts today in the spy, the diamonds, the Qs. And I called a bunch of different puts in Boeing. So overall, I'm looking at this market and I'm saying my expectation was that this would occur. Now, why is this occurring? Well, you could say it's because Fauci's testimony in Congress was saying that there's going to be more cases, that there's this community spread. You can blame it on COVID-19. You can blame it on lots and lots of things. And tomorrow morning, we have another unemployment claims number. But the reality is that this market had a big rally since those march lows. And to think that we would 100% recover from what happened since early March as quickly as we did, I don't think was realistic. So you have people that are taking profits, you have people that are still concerned about the future, and you have an awful lot of people that are still unemployed in the United States. So when you have people that are unemployed and you have earnings season coming up for third quarter in July, no one knows really what some of these companies' earnings are going to be. So what I look for is I look at the gap. And stocks gap for many reasons. Stocks can gap on news. The market can gap on news, but they also can gap on earnings. So I don't follow fundamentals, but I do look at the price action in a gap. And we're going to look at some daily charts today. But it's interesting because sometimes the fundamentals and the technicals do match up perfectly, which is what is happening today, which is why we're getting a beautiful sell-off. So I know that there's some chats. Let me just see where that chat is in case somebody does ask questions. Let me just put it up on the side. I'm going to just put the chat over here in case somebody has any questions as I'm going along. Okay. Can everybody see the screen? I'm going to start talking here now with the PowerPoint. So this is an interesting time. If you want to trade the market for a living, I think it's a great year to start. Why? Simply because of the volatility. volatility makes for good profits. You got to know how to trade it. But then you say, okay, well, you should know how to trade anytime you risk money in the market. I'm ever surprised and amazed how many people trade this market and in any market, and they have no idea what to do. I don't know why people think that they can make money trading and they don't know what to do, but people do, they'll hear something on, on, on TV and they'll take the trade. So my idea with the strategy is having no concept, what's really going on in it, and that's really gambling. So what I do is very strategic. It's not based on gambling. Okay. So this is a good time to trade because of volatility because you can make money when you're trading volatility. So a lot of people work hard and they never really get to the point where they're successful, where they really want to be financially. A lot of people think they're helping themselves by trading every day a little bit here, a little bit there, and they're really wasting lots of time and they're wasting lots of money. You speed up and accelerate your time and your, uh, faster chance to get to success when you pay someone to learn their system. Okay. And, and for me, myself, I created my own system 12 years ago, but it took me three years to do it. So when you come in, if you want to learn what I do and you want to get my trade calls, you are paying me for my time and my information, but it's accelerating your own personal growth and your chance to make money in the market. Okay. A lot of people, some people have been following me for years, as long as I've had the stocks whoosh and, and, and they're not making money and they're losing. So you really have to be serious about it. And I think this year is a great year to jump into the market because of the volatility because volatility means moves that happen that are not expected. In other words, a lot of people thought the market was going to continue higher. So the sell-off today for many people is unexpected. To me, it wasn't unexpected, but to a lot of people, it is unexpected. Okay. Cause people thought, well, we're out of the woods. All right. Anyways, getting back to what I was saying here, no matter what your goals are to trade, you need to have a solid strategy in order to achieve those goals. And the one nice thing, particularly during the COVID-19 period is that you can trade from home. You can do options. You can do day trades. You can do swing trades. Now I like to focus on the day trades and options, okay? Because they have a set fixed risk and it's been really nice this year, 2020 working from home. Many people out there are working from home who don't normally and eventually people will have to go back to work. But if you want to become a full-time trader, you can work from home all the time, which is very, very, very convenient. And in the summer, it's nice because you can make your own hours. If it's a beautiful day and you don't want to trade, you can take off. If it's a Friday, you want to have a three-day weekend, you can take off. And really, my strategy is really part-time hours. Many times, we're out of the trades very quickly in the first 30 minutes of the day. Now, today is a day where I think it makes sense to hold. But you could have been done today with the trades I called in the room by 10 a.m. The fact is, I think that you can make more money on a day like today holding. Why? Because you have a power trend day. This is unusual. You don't normally have power trend days in the market. But today is one of those days which is called a power trend day. The other nice thing about trading is you can have weekends off. You have evenings off and you work for yourself. What does that mean? It means that you're in control of your own life. And if you're an independent person, you set your own hours, market closes at four. And the only thing that you have standing in your way from your income that you can make from the market is how much you're risking. The share quantity and the size quantity that you take. So for example, if you short, we shorted Boeing today right when it broke. And if you had gotten it right where I called it with 1,000 shares and it dropped $1, you could have made $1,000. If you had 2,000 shares, you could have made $2,000. So for example, when you do something, it has to do with the share quantity and the amount of momentum and the drop if you're shorting or the rally. If you're going long, we went long Apple yesterday. That was a really nice move. Again, Apple made brand new all-time highs yesterday. So I look at gaps. Apple was a gap up. Boeing today was a gap down. We're going to look at some trades here and some charts in a minute. But I've been trading as something that the risk is worth it for the reward. You can't make money in the market without taking risks. And nothing in life that is great comes without taking chances or risks. People always want to know guarantees, this thing, that thing, and the other thing. And a lot of times people want to accelerate their goals thinking unrealistic like they're going to make like if they've lost money trading for the last five, 10 years that they're going to make all their losses back in a month. Once they find something that works and they risk the farm, so to speak. That's not realistic. But if you learn a good system and you still have money to trade and to pay someone to learn the system like me, then you can start off fresh and brand new and say, I'm going to take this into the future. I've got six more months left in 2020. I'm going to turn this thing around and I'm never going to look back. You can't chase your tail when you're trading. You have to just take it day by day by day and move forward. And once you get in a good footing and a good framework, you'll see then that your goal of wanting to become a professional trader is possible and that when you have volatile markets like right now, it's not scary. It's actually something that you get excited about. I was excited this morning when I saw that the market was gapped down. We actually did had Boeing puts on before today. So they were up through the strike when I got up in the morning. That's exciting. When you get up in the morning and you're up money and you didn't even take a trade at all that morning yet, that is exciting. It's exciting to take chances in life. It's exciting to take risk in the market. OK. Any questions here so far? Excuse me. All right. So where do you want to be to say now the end of 2020? Seems like a long way away. But you know what? It's hard to believe six months are ready or gone for this year are ready. I mean, can you believe it is almost July 4th? It seems like we've been stagnant in the last couple of months because the world has been stuck with all the things that have happened with COVID. But time keeps ticking away. The clock keeps moving on. And it's one of these things where you say, you know what? Half the year is over. OK. You want to get to a point where you are achieving your goals and reaching your goals for this year. OK. And you still have time. So success in the market is about mastering a skill. I have a skill set. Like, again, I'm going to talk about Boeing. I have a skill set that I saw this morning that Boeing was going to sell off the way it's selling off. I have a skill set that I saw Boeing was going to sell off in December of 2019. I didn't know about COVID-19 then yet. I didn't know about some of the things were going to happen in that chart. But I knew it was going to continue lower. So that's a skill. Now, how did I gain that skill? I gained that skill by reading gaps. It's technical analysis, but it's reading the gap. And that's how I'm able to make large consistent profits in the market. And if you can learn that skill and master that skill, then you can predict where a stock is going to go to. When you can predict where a stock is going to go and enter that stock and trade it before it goes, whether it goes up or whether it goes down, that is how you can profit and make money. OK. So if you knew Apple was going to go to 360, which it did, you could have bought the stock before it was at 360. And that's what we did. And then we made money going long. If you knew that Boeing was lower, you could have shorted it, which we did too, into the drop before it sells off. OK. So being able to predict if something's going to move higher or something's going to move lower is a skill set that you can master. One of the reasons people don't do that well and lose money trading in the market is because they're all over the place with different types of strategies. They don't stick on one thing. And they also get very sucked into the confusion that goes on within the markets. They'll listen to thing after thing. And if a trade is down, for example, they'll kill it. Then they'll flip it in the other direction. Then it will end up going in the direction they had it previously. And then they'll lose in two trades. You follow what I'm saying? So it has to do with knowing what to do, even if you're in a position and even if the position is down and waiting for it to go and holding the conviction and sticking with it. I call it having 100% conviction. Well, you have 100% conviction that what you're doing is right. You believe in it and you hold the trade and you let it play on out. OK. Now, this was a clip here I put in here of the market. This was earlier today. Obviously, we've fallen off since then. But volatility shouldn't be scary. This is a chart of the spy. Makes for big profits if you know what you're doing. OK. Now, I'm just going to go over here quickly in a very basics. What is a gap? I'm going to go over the gap today. So this is the spy closed yesterday at one price, opened this morning at a different price, closed at four o'clock extra time, open at 9.30. So the spy gapped down. So what does that mean? It means it closed at one price and opened at a lower price. Now, this sold off today, which I called. OK, we were in it. You could still be in it. Now, not every gap down sells off. Some gap downs rally. I'm going to go back to a couple of days ago. OK. This closed here. This opened here. This was a gap down. OK. This rallied. OK. This day here, this little green guy here is the 22nd. This is Monday. All right. So this red bar was Friday. So from Friday to Monday, we gapped down. But we didn't sell off here. We rallied. OK. So those are two gap downs. Now, there are also gap ups. Let's take a look at some of those. Here is a close at four o'clock, where the market opened higher. This is a gap up. OK, this was from the 15th to the 16th. Over here is another gap up. This is one that rallied. This failed. Here over here, we closed here at one price. This was back a couple of weeks ago, early June. And we opened higher. Boom. And we rallied at a different price. And actually, we rallied for two days. This was a nicer rally here the first week of June. So these are gap ups. This was a gap down. OK. So if you know how to play gap ups and gap downs, you know what to do to do the good ones. I call them the good ones, meaning ones that are predictable, OK, that you can predict that we're lower here, or predict that we're higher here. Because again, like I said, you can't go along every bullish gap and you can't short every bearish gap or vice versa. So I'm looking for the good ones. I created a system. It's a rating system that I rate the gaps in the morning in the pre-market. Like all the trades I talked about that I called this morning, I saw way before the open. I saw as soon as I got out of bed this morning at 7 a.m., I saw all the gaps, and then I rated them, and they rated to go short, OK, even though I don't take trades until after the open. I will call trades on the options letter early and send them via emails for people to watch and get ready for the day, all right? Any questions? You could just write them. I'm seeing the questions on the side. But large moves happen in the first 30 minutes of the day in gaps. And I call them golden gaps. What do I mean? I mean the good ones, like I was saying, ones that you can make a lot of money in, ones like today, like the spy, like Boeing, like the diamonds. So my system is a 26-point rating system. I'm looking at the daily chart. That's where I'm seeing the gap. The gap can happen in the post-market. The gap can happen in the pre-market, OK? We started to sell it a little bit last night, but really the gap followed through this morning in the pre-market. But we did have some selling in the post-market last night. I usually wait, though, to the morning to determine what I'm doing. The rating system is a checklist. The checklist tells you what to look for in the price of the stock. And the points predict price direction correctly when a stock is gapping. Again, to know if it is a long or if it is a short, OK? It's basically what I do is momentum. So the volatility is good for a trader like me because volatility means unexpected and momentum. And very often, something else called panic. So what you're seeing today actually is panic. Panic selling. You say, well, what do you mean? Why are people panicking? People are panicking because of some reasons that are fundamental, some reasons that are news, and some reasons just because selling begets more selling. So once the market started to get some traction early this morning, it continues to fall off a cliff, I say, where the selling comes in. Now, people in the morning may not have packed initially at 9.30, but then they start to panic by 10. Then they start to panic by 10.30, by 11, by 12. You see? So panic is good for shorts. Sometimes panic can even happen in a long. You'll have people piling into a stock like Apple. Oh my God, we're gonna miss it. It's gonna go, and there it goes. It's going without us. And that's how you get a rally like yesterday, or even something like Amazon, which went to basically the dream target, which was 2,800, okay? And that was before the sell-off that we've seen today. But anyways, my system, the point system, tells you where the money is flowing. How do you get movement in stocks? It's money. People are either buying it with their money, or they are selling out of it. They could be selling out of stocks with profits, or they could be selling out with losses. Either way, sometimes people are up and they panic. People could be up right now in many, many things that are bullish. People could be up in the market. People could be up in Apple. People could be up in Amazon. But they're still panicking because the stocks are falling, okay? So why does this matter? It matters because you have to see where the money is flowing to take the position to profit. So my system has an 80% win ratio. And I'm looking for most of the move or 70 to 80% of the move that it's gonna have within the first 30 minutes of the day. Now today is unusual because this is a power trend day, which means that you'll get follow-through most of the day, or the majority of the day, all right? But many days I'm just doing the money move that happens in the morning. I play it and I'm out by 10 o'clock Eastern time. Again, today is unusual because we have a power trend day. We did have a day like this two weeks ago in the market as well, and guess what? It was a short. It was to the downside, okay? So here was the call that I made in Amazon. We did get this move. This was pricing. Amazon is not cheap to trade in any regard. I called, this is an option trade, and I'll show you the chart in a minute. I called the calls for Amazon the 2640s. The stock ran up. This was an exit of yesterday, which I thought was a fabulous exit. It was almost a hundred point move. One contract was 45 bucks. So even to take one, it would have been a risk of $4,500, but it absolutely paid. The profit in this if we took two contracts was $19,800. This was a really, really nice move. And actually if you held this through today's gap up, Amazon gaped up today, even though the market gap down, like I said, this ran up even further and you could have made slightly more. But this was a beautiful, beautiful trade and I'm gonna show you, actually the day I called this was the 17th. So here you go. This is the daily chart in Amazon. See this little bar here? Close to your gaped up. Boom. So this is the day I called the trade. Again, called it out for the 26, was this a Friday. This is an option. You take the trade, you put the risk on, you wait for it to go. And then poof, and there it went. Made new highs. Beautiful, beautiful, beautiful move, okay? So this was one that took a couple of days to get some traction, was up, but really got the nice move in the last 24 hours, okay? So this is a gap up and this was a call. This was an option, okay? This is a nice way to trade extremely expensive stocks like Amazon to do options because even though you would have paid $4,500 for one contract, still a lot cheaper than what you would need for margin to trade a stock like this. And a stock like this can move. As I told you, it went up to 2,800. So it went 160 points through the strike that I called it in the time, okay? And actually, if we wouldn't have had to sell off in the market that I was expecting today, this probably would have gone even further. Probably would have made its way up to close to 3,000, okay? Now this is another one that I've been watching. This is a put, okay? This was CCO called this the same day. So some days we do puts and calls. The cost of this was $1.70, which is fairly cheap. 50 contracts was a risk of 8,500, sold at 260, 4,500 bucks, that's really nice. When I'm looking to take profits and options or even day trades, I'm looking for 50% to 100% normally. Today is an exception because we have the market with us, but I wanna show you what this did. So the strike of this was 19. So here was the gap. Now again, this is a gap down. So here, CCL. CCL closed here, gap down. Called the puts and then it went and continued here. Boom, boom, boom, okay? So here's the nice drop off. So this again has been selling off and actually here's today. We shorted this today in the day trading room too. This is the CCL. But this was a put and this was cheap. You could have bought one contract at paid 170 bucks. When you determine your risk for day trades or options trades, your risk should be the same or close to the same in every trade. Why? That's the only way you're gonna have consistent results. This is an important factor that many people overlook with trading as well as for trying to do well. Because if you wanna take 10 trades, if you have eight winners and two losers, if your risk isn't close to the same or equal on in 10 trades, you could lose all of the profits and eight winners and two losers if you don't have the same risk. And those two losers you let go out of control. So it is important to set your risk and stick with it. Whether you're a beginner trader or whether you're an advanced trader. Any questions here so far? Anyways, going back here now to Monday. We did a day trade in CCL Monday. We did it today, we did it in Monday. And this wasn't even some crazy big move. This was just a normal move in the stock and this just shows you how you can pile it on with size and make a lot of money. We shorted it at 1742, put the stock at 1775. 7,000 shares was the risk of 2100. We add in, I do that when I get the confirmation that the stock is going to continue in my direction. This was a short, okay? The 22nd was here. Again, guess what it did? It gap down people, closed here, gap down, boom. And we got the short. This was a day trade, not an option. Average price with the ad was 1734. Exit was 1668. Actually, this ended up going down to 1650. I was trying to give it more room so I didn't have a great exit on this. I could have made more in this but it was still a beautiful, beautiful trade. 9,240 profits, how is that possible? Size, getting the entry right, getting the direction right. You have to get the direction right in every trade that you take. It doesn't matter what you do. This was one back, again, been doing a lot of these indices in the market. June 11th, we did puts in the diamonds. Strike was 261. This was an expensive but I've seen these cheaper. Cost was 470, contract 16. Rich was 75, 20, sold 1175, profit 11,280. Again, one contract, you still could have made good money. Again, you could have made 100% plus. This is the whole idea. You're flipping your money over. You're turning it over. So I had called this on June 11th. This was the last day when I was talking about earlier that we had a power trend day in the market. This closed here, gap down, sold off, boom. Called the trade in the morning. You can see here, right before the open, you take it into the open, boom, you get the drop. So this is a power trend day here. Today we're having a power trend day two, which is unusual. It's unusual for the market to do that. Now I wanna show you another long. This was a day trade long. It was WWE's Weight Watchers. This was on earnings. We did a day trade in this entry was 2870. Stop was 2810. Remember, this is a long. Okay, we do longs and shorts. Shares in this was 6,000. Rich was 3,600. Ad was 29. Again, the confirmation was higher. Tunnel shares 12,000. Average price, 2885. Eggs to 2975. Now I'll show you this chart in a minute. I felt like it was gonna go to 30, but this was a lot of profit for a fast trade. And again, big size in this, over 10,000 profit. It almost went a dollar though. It almost went a dollar past that, which I'm gonna show you here. Just look at this, which is really funny. It literally, here's the gap up. Close to here, gaped up. We were in it, we waited a while to get this going. And then when it had the pop, I thought it was a good exit, but it actually went to 30. It actually went all the way up. It actually went almost a dollar past where we get out of it. Really nice move. Again, this is a bullish gap. Okay. This is WWE. And then here was that same day. The day we had the power trend day in the spy. Should I call the diamonds? I called the spy. These were put. Okay. Called it really super tight. Cost was six. Contracts was 12. Risk was 7,200. Sold at 14. Beautiful profit. Again, flip it over. More than 100% return on investment. That is a good, solid trade. This is a good, solid trade. You just let it run out. You just let it run. You have 100% conviction. You put it on, you let it run out. And we had a power trend day this day. Profit was 9,600, risking 7,200. Okay. And here was this. Boom, closed here, gap down, sold off. That's it. So sometimes these go the same day. Sometimes they take a couple of days to go. But big profits come in money moves. You gotta get them right. You have to get them right. So my level of experience for the number of years I've been trading, the fact that I am so focused on just one thing, which is the gap. Also, because I'm on national television, I'm always so serious and focused on the information I'm saying, and for the quality of the trades that I'm calling. Okay. So when you're doing this and you're trading, I don't care if you're risking $100, $1,000, 10 grand of trade. You must take it seriously. You must take it seriously. It's your hard-earned money when you're risking and taking money in trades. And again, you can't be back willy-nilly. It can't be like, oh, this is 50, 50. You really have to feel like the trade is such high quality that it's worth you taking it. Okay. Makes sense. Yeah. Hey, Melissa, this is Raleigh. Just wanted to jump in with a couple of quick questions here before we get too far on that. Back when you were talking about that CCI trade that you took that was very successful for it, was that one of the trades where you just basically held it for 30 minutes or is that one that you held longer? Was that a power move play? The CCL, there's been a lot of trades in this. The CCL day trade was just one day in and out. The CCL option, you could have held. So the options, I will hold longer, but the day trades, we gotta be out by four. So I'm looking for that to make a move in the morning. Again, most of the times it's in the first 30 minutes or the first hour. Today we did CCL. In fact, I haven't looked at it right now because I'm talking. I bet it's continued. It's CCL at 16. We did a day trade this morning. I had a great exit on that, but I didn't hold that day trade all day. Boeing was the one I wanted to hold. We're CCL right now. Can somebody tell me what's the price? What's the price of it? Is it at 16? Did it break it? And so while somebody's looking at this, I just want to be here clear. Now that I understand exactly what you're saying, you're looking for a move within the first 30 minutes to an hour. You're not looking to get in and out of a trade in that period of time. You're looking for a, but sometimes you could. Yeah, yeah, yeah. Sometimes we could. Sometimes you can. Like today we did. I knew it was further, but I wanted to take profits and at least one day trade. So I wanted to let the Boeing ride today. And I wanted to book money in the CCL fast today. We were out of CCL today by 10 o'clock. I'm sure that- By the way, it's at 16 right now. Look at that. Am I? Look how good I am. What the future holds for me, but it's something big. I can tell you that right now. Like I literally, I mean, I literally, literally, literally, I'm going to tell you this right now. I called in Boeing today. Someone tell me what that stock's at. Tell me where Boeing is right now. I'm going to, you tell me where it is right now and I'm going to tell you what the puts I called in that today. They were insane. The numbers that I called in that stock today for the targets to hit were probably insane. They were so insane that I don't know if everybody took the trades, but the price of them was so cheap. Where's Boeing at right now? Did it break 175? It's at 178.90. Did it break 175 yet? Yeah, I think so. It's at 178.90. So I called 175 puts. I even called 160 puts today. I have no idea when it gets there, but it's going to get there in the time that I call those trades. Those were some insane numbers that I called in that today. And if you did all those trades, this morning when I called them, even if they don't get to those numbers, they're up. So the beautiful thing about, and I'm just going to go back here, where's a Boeing chart here? Let's see, I know I have Boeing in here. Oh, maybe I don't have it. Maybe I didn't put Boeing in here. If you take a trade, okay, let's just look at the CCL, I'll go back here. If you take a trade, here, let's look at the market. If you take a trade, whether it's a, it doesn't matter what type, it could be an option. It could be a day trade, it could be anything. If you're getting it in, if you get it early enough, before the momentum comes into it, it doesn't matter if you'll be up money, whether it gets to the strike or not, if you do an option, or even to the target or not, if you do a day trade, because the fact is you're getting it. Like I get these trades early enough that you can do whatever you want. You can hold CCL to 16 if you want to hold it till 12, 30 in the afternoon, or you can get out of it at 16 to 1640, where we get out of it this morning at 10 o'clock. So you can do whatever you want. That's the beauty of it. And so what I like to do usually is stack them, where I'll do like two or three, and I'll get out of one hold two, or I'll get out of two hold one. I try to stack them. The most important thing about trading is not to be a pig in everything. When you're a pig in everything you do, that's how you lose. So you can be a pig in one trade, but don't be a pig in five trades, okay? Because you ultimately, something will happen. Trump will tweet, or something else will happen, or whatever, and then you'll be up a lot, and then you'll be down a lot. So the mark, the volatility means, doesn't mean holding everything forever. It doesn't mean being a pig. It means capturing the move. You're never gonna get out of the low of the day, and you're never gonna get out of the high of the day in a long. Your objective is to make money and chunk it out. And some days you will have big trades. Now these trades today are gonna be big trades for people that are staying with them, and for some of the strikes that I've called, but these are really nice profits today, even if the stock doesn't get to 175, even if the stock doesn't get to 160 today, which I'm not saying that it will, but I'm saying that it's going to within the time that I called those puts. And so sometimes we get out in 30 minutes because we're up and I wanna book money. It doesn't mean that it's done for the day. Do you follow me? I think I answered that. Was there any other questions? I'm gonna pull up my charts when we're done here. If I have time, I'll pull up and tell you where I think we're going today. If I can, once I get through this, I think I'll get through this here, this webinar, then I'll pull, I'll just talk at the end here about what's going on. Anyway, success. I think that would be great, Melissa. I think that would be fantastic. It would help clarify some of the statements that you've made, doing a super job. Okay, great. So anyway, you have to look for quality and not quantity, okay? It's not about taking 25 trades in one day. A lot of people, I think, over-trade. I try not to do that. Today, there was opportunity, so we did a number of trades. Tomorrow, there may be nothing. Tomorrow, we may have one. Friday, we may have two. I don't know. I don't know how many good ones we're gonna get till I get up in the morning, but the idea of quality is where my rating system comes into play, into factor, and that's so important. So I use my checklist. If you come and want to learn my system, this is what you're gonna learn. It's just a sheet. It's a checklist. I go through in the morning and I figure out what I'm doing. Is this a long? Is this a short? How does it rate? I'm looking for 20 points or more for 26-point checklist, but the higher the rating, the better the gap, okay? And I won't do anything unless it's over 20. So if it's a 17, 18, 19, it's 50-50 chance of working or failing. That's not good enough for me. So I look for 20 or more. Do I look at anything else for market or stock trade before taking a gap trade? Well, I don't, I look at 26 things. That's what I'm saying. The market, I don't need the market. Today is a good example though, because we have the market. So in other words, I could have gone long something today, but there wasn't any good bullish gaps. So if the market wants to fall, I'll still go long. In fact, I think the market did fall the day we did WW. I'll pull that up at the end and look at it. So I don't need the market to do my gaps. I'm looking at individual gaps. Now, when we're talking about market gaps, that I'm looking at the market individually as like it was a stock, like an ETF when I say the spy. But I don't need the market to do my trades, okay? Which is nice. Today we have the market. So what does that mean? It means we're looking for larger targets. So in other words, you could have looked for a bigger target, okay? I look at it in the morning and I rate the gap. That's what you'd learn in the class, Sue's just asking about it. That's what you'd learn in the class. The class is 14 hours, okay? But anyways, it's a 26 point rating system and the purpose of this system is to help you evaluate which gap to trade each morning using the checklist. And what am I looking for? One, a high probability of directional bias for the entire day. Got it today, perfect. In fact, I got it yesterday. In fact, I'm gonna put the trading room from yesterday and today I haven't had a chance to upload it to YouTube, I've had such a busy week. I'm gonna put it in there yesterday. I told everybody, get out of all longs today. This is it. Get out of all longs today. We're gonna drop tomorrow. The last 24 hours I did perfectly time what has happened in this market. We had the rallying Apple, we had the rallying Amazon. I said, get out of these calls today. This is it. And then I called shorts yesterday which some people emailed me and said, what are you doing shorting here when the market's up? And we were down in this morning. So sometimes I actually can predict where we're gonna get. That I do not do that every single day but I did do that yesterday because I saw that we were gonna fall. But anyways, I'm usually looking for big moves in the day. Early confirmation of my bias in the move between 9.30 and 10 and precise entries with follow through and a good risk to reward. And when I say that, I mean typically 50 to 100%. But as far as today, you let things play out today so you can make more money because it is important for the days that you can capture big moves to make as much as you can in at least one or two things. And again, booking money is critical too. So I had, oh no, here's the Boeing. I do have the chart in here. This was Boeing puts I called another one. I called so many puts in this June 10th. I called the 200 puts, cost was 9.25, risk was 83.25, sold at 36, 24,075 profit. This is a higher amount of risk. I call it an advanced trader but I've been doing this a long time. But in one contract was 925 bucks. Still could have made money, sold it for 36. It's a nice trade. This, and I called the 220s. So on Tuesday, I called the 220s. Then on Wednesday, I called the 200s. This wasn't cheap either. But one contract, one, you don't have to do six. You don't have to do 10, you don't have to do 50. One is still profit, okay? One, so you could have made 15,600 with that. So here was the Boeing. Now this was a day trade too. We've done this a million times. This was the day trade in Boeing that we did on this day. This was back here. This was the short on this day. This was the day here the night that I called those first put. Then I called the second put on the 10th here. So here was the one. Here was the next one. And then we did a day trade on this day too. This continued. So I clipped this here 1.19 in the afternoon of the day here. It went red. It went red then. So we were in it before it went red, okay? Then we did a L. This was another one. Look how cheap this was. This is crazy. We didn't do this today. We should have done this today too. This is probably continued lower. 75 cents was for one. Pile it on. So cheap. 225, we sold this at 15,000 profit. Beautiful, beautiful, beautiful move. Again, this was that similar day the ninth. We did the diamonds here as a day trade. Shorted it 262.40. This is not cheap for a day trade because you have to have margin again. You could do a put. You could do a put in it. 13,501 day. Here it is. Open rallying, shorted it, got the drop. This was on that 11th, on the day on the 11th. So we shorted the diamonds here as a day trade. And again, you could have done this as a put. What I do. I do gaps. Does everyone understand that? I've been talking about what I do the entire time. I trade gaps. I rate the gaps. I trade momentum. I trade volatility. I thought I'd been very clear about that. Someone said, am I gonna show trade examples? Yes, I showed trade examples, but I've been talking since the second that I started talking about the fact I do gaps. That is what I do. If you wanna learn how I'm calculating the points, you will not learn that today. I'm sorry if you thought that. You will pay me for that information. People are making a lot of money with me. If you just did all the trades I did today, you would have paid for the class. My class is seven grand. It is worth every penny. You don't get anything free from me except for what you're gonna get here today. And even me telling you the Boeing is lower right now if you shorted that and me telling you it, you would have made money. So take that and run with it if you wanna trade idea for today. But I've been talking the whole time about what I do. And that question just brings up what I was discussing earlier. You have to be invested in this if you wanna do well. You have to. Coming to these webinars, it's wonderful to present. And I know I used to go to these things before I decided I wanted to teach myself. You will never learn how to trade if you go to every webinar every day for the rest of your life for the next 25 years. You will not learn how to trade and make money in the market if you watch every YouTube video and never sleep between now and the end of 2020. If you think that you are completely mistaken, that is completely irrational. You will have to pay someone if you wanna learn how to make money or if you wanna get their trades. You have two options with me. You either pay to get my trades because you ain't gonna get them for free. You're lucky you got what I told you today about Boeing. Are you gonna pay me what I know for the information to learn it and do it yourself so you don't have to get my trades for the rest of my life because I will not be teaching this class for the rest of my life. So you have an opportunity here to learn something today to see if you are interested in anything I have to say to see if I know what I'm doing, which by the way, I do, okay? And I will put up the YouTube videos from the last two days. But you know, it's interesting to me like when I was starting now, I never thought that I would just listen to all kinds of free stuff and be able to make money. I never thought that. And I guess I don't know, maybe it's a different philosophy, but I always was serious about it. I was always so serious about it. And I really tried hard to find something out there that I could just pay someone to learn how to do this without having to take up three years of my life. I couldn't. I'm paying for one class. It was worthwhile in a sense that I learned technical analysis skills, but I didn't learn how to make money in that class. I didn't learn how to make money in that class. And then I made money in a gap one day, but I didn't have my point system. And then I said, you know what? There's something to this gaps. And then I looked out there and online and many of the information about gaps wasn't good. It wasn't right. It was incorrect. People do gap fills. They do things wrong. And then I said, there's nothing. I have no choice. I have to trade myself and figure this out myself. I have no choice. So I made money, lost money, made money, lost money for a period of three years. And it wasn't like I woke up one morning and had 26 points magically, okay? It was a period where I was doing it over time. And it was frustrating because I never knew when I was gonna figure it all out. And as the years have gone on, my skill set has improved. Just like if you did a sport, if you're a golfer, my father's a golfer, he's very, very good. Okay? He's been golfing for a long time. And the more he golfs, the better he gets. The more I train, the better I get, okay? And that's how you have to think of it too. But if you're doing something for years, it doesn't work. And you're repeating mistakes over and over. You're never gonna get any better because you're making mistakes and you're doing something that doesn't work anyways. So that's the difference. But you must take this seriously if you wanna do it. And if people don't understand and was talking about gaps from the beginning, I don't know, Raleigh's taping this. I'm sure you can go back and rewind and listen to the whole thing. But I do gaps, okay? They work well. They pay well. Today is a good example of that. I had the short of the market before it even started to sell off. But poor even people were talking about it on TV before we even got the traction, okay? You had to wait for Boeing to break. Boeing didn't break right away. It broke late. Did I just start a beep? That just means that another panelist has joined us for the top of the hour. I thought that was a question. Hey, but no, but Melissa, I just wanted to jump in here for just a moment here because I think it brings up a good point. Like many of us, for example, we started out trading and you were in the same position and you found your way. What really, I mean, were you into gaps from the beginning or is it something that you just migrated to because of the sense that they made? I made a lot of money one day in Netflix, which was a short, which was a gap. It was about the first three months that I started trading and then I never looked back. I made more money in gaps than I did in other things that I learned at the beginning and that's why I gravitated towards them because gaps have momentum and gaps have volatility and that's how I got to them. But there are other things that you can do. You can trend trade, for example, but in this kind of market, see how you're getting killed with the trend trades because the fact is the market isn't enough trend in the QQQs. The market isn't enough trend in the spy and you couldn't have gone long today and made any money and actually if you're long, some of these things are down today or not up as much as you were yesterday and you say, well, I don't know what to do. As an active trader, you need to be able to flip it around and go long and short. There's a benefit of being an active trader versus a long-term investor. I'm not a long-term investor for what I do with my trades. You can use what I do with the gaps to read long-term moves. That's how I'm reading the market, but that's a different story for another day. As far as losing trades, of course I'd lose in trades. That would be, again, that would be totally unrealistic to tell you I don't lose in trades. I do lose in trades. I have an 80% win system. That means 20% of the trades I lose in. That's why IU stops. You can go back and look at the slides of where I had to stop in. That means if I get stopped out, then I lose. And as far as options goes, what I risk is to stop. That's it. So if I risk $8,000, I let them, I play them all out. So they either go before they expire and I make money and get out with the profit or if they go bust, they go bust and I'll lose the whole amount. So I don't tightly manage my options. Their win or lose for me, everyone. And I find that the way that I trade that works the best for me. So as part of, once again, just going back a little bit to your process when you wake up in the morning and take a look at what's going on. Do you use some kind of a scanner to scan for gaps or do you have a favorite basket of stocks or things that you look at, Melissa? And that's what you focus on? I don't have a scanner. I paid for a scanner years ago and I found it was overlap. You can go to a million free sites, www.yahoo.com and go to nasaac.com. You can watch the news in the morning, Fox Business or CNBC. You can get a list of earnings that are out every morning and every night and just pull them yourself. I paid for a scanner and I found that it was just a repeat. Like, Nike's out Thursday night. You can watch Nike tomorrow night and see what it does. It's gonna gap. I don't know if it gaps up, I don't know if it gaps down, but the earnings are Thursday night and it's gonna do something. I think KBH is tonight. You can look at KBH tonight. Somebody's saying something about Boeing to $66. I didn't say Boeing's gonna go to $66 by Friday. If it does, then I'm gonna take the rest of the month off though. I'll tell you that right now. I'm taking all the Boeing trades I have on right now. I'm just closing the room for the rest of the month. Do I have reviews? Trading the network as a gap is a fossil alarm. I don't know what you mean by a fossil alarm. I don't know what you mean by that. I do reviews on YouTube. I do reviews, which I send out to clients. I do reviews in the trading room. The fossil alarm question, I don't know what you mean. What percent of your trades or options or what percent of your trades or options? I can't answer that question. I don't know what percentage. No one's ever asked me that before. I would say it's a good mix. It's a good mix. A mix of stocks that you're day trading and options that you're holding for a longer period of time. I'm telling you, there's certain things though that I won't do as options because they don't make any sense to do. And there's ones that I typically gravitate to like the big ones. I call them the high flyers because they have big moves and because I'm not day trading Amazon on margin. That makes no sense to me. So there are ones that I gravitate to that I think are my favorites. Some been like Boeing though. I wouldn't say that's cheap, but I would say, I mean, to day trade that today is a beautiful move. But if you did the put, it's a beautiful move too. I think it depends how much money you have. If you don't have enough money for a margin account, which is $25,000 or more of a retail place, a retail broker or a prop place where you need at least $2,500, if you don't have enough money to trade on margin then options are a way to open up an account at a retail broker without having to worry about margin. I think you can open up nowadays two grand. You can open up an options account at any place like Ameritrade or wherever you wanna go. Sure, absolutely. And I think once again to one of the earlier questions I'm just gonna kind of restate what I'm taking from your presentation. Melissa is that you showed us at the beginning that some gaps are good ones and some gaps are bad ones. And you have developed a rating system that gives you a high percentage of picking or understanding which ones are the good ones. Because I think as you said, they better score 20 points or more when you do your rating system to be even considered. Is that a fair synopsis? That's right. That training, I was thinking about this earlier. Training is about probability. It's probability, it's high probability. Either the odds are in your favor, high probability. So I said, this is high probability. It's not always gonna work. So that's why we set our risk. Otherwise I'd risk my whole account in every trade. That's ridiculous. It's high probability. I'm looking for high probability. I'm gonna tell you right now, high probability in my opinion and my professional opinion that the spy does not make brand new all-time highs before the end of 2020. High probability does not. Does that mean that it absolutely won't? No, it could. But in my opinion and my professional opinion it's a high probability that the S&P will not make brand new all-time highs before the end of 2020. So it's high probability. That's what you're looking for when you take trades. You don't know if it's going to work or not until it plays out. You have high probability. That's where my rating system is important. When it has so many points, 20 is a lot. 22 is a lot. 26 is a lot. That means you know what? The odds are in my favor. High probability. It's any other decision that you'd make in life. You walk outside. Is there a high probability depending on where you live that if you don't wear a mask and you go right up and start kissing strangers that you could get COVID-19 in New York City? Probably, probably right now because there's a lot of people that have it. So you at least say, well you know what? High probability is if I go out wear gloves, wear a mask and stay within six feet social distancing that I'm not gonna get sick. So I'm gonna go outside and go to the grocery store today. But I'm gonna take the normal protections. The stop is the protection. Well, that sounds great. And you know, Melissa and thank you once again for just expanding on that. We have about 10 minutes to go. And I know that I know you wanted to show some charts or you've got a couple of wrap up things here. You wanna talk about an offer that you have. Yeah. Let me just get here. All classes this weekend that I'm doing for June. It's June 27th and 28th from nine to five. Again, my class is 69.99 and the summer special I'm offering for this weekend is the gap options newsletter through Labor Day and the trading room through Labor Day which are free with the classes weekend. Normally you'd pay for those subscription services so you get all my trades for the newsletter and in the trading room live like the ones we talked about today if you did the class this weekend. Now let me pull up my charts. If I just put that up, can you see it? Let me see. If it's part of your sharing your screen we should be able to see it as long as you select that screen. No, I'm still looking at the special offer on your PowerPoint. Let me stop sharing. Okay. There you go. We see them now. Yep. Pretty usually. Except for today is an exception. Day trades are out in 30 minutes at an hour unless it's a power trend day which the market is today. As far as options, they could go within 24 to 48 hours so you might have a move that goes in one day. Yes. So if you can't be active in and out, in and out, in and out, there are some days then you're gonna get a move and then you wouldn't be able to get out if that's what you're saying. I think you have a limit on how many trades you can do but I would say most trades are overnight within 24 to 48 hours that you'll go. Like I would call it and then you could hold it for a day or two but sometimes it's a couple of days. But I don't want to tell you that I might call something like today. The trades I called today you could get out of today. If you don't get out of them today or we lower tomorrow, I'll look at the market right now and tell you what I think but if you're up a lot and you don't get out, you're taking a chance. You know what I mean? Yeah, let's look at that. Let's look at the spy. Yeah, look at this. Beautiful move. Look at that. 302. Let me just look at everything here really quickly. This is lower. Yeah, I think we're, I think we're gonna have some nice follow through here now. Could we follow through? We got three more hours left in the day here. So we could follow through here today more but you see here where the spy came into the first target here. This red bar I'm gonna blow it up is the 200 per moving average. So if we go lower than this, like look where we have to go. We have a long way to go. Because you look at this, you say, okay, this looks like it got to the first target but then you look at the diamonds and you say, gosh, we still got more to go in the diamonds. This is the diamonds. Now let's look at the QQQs. These are all the market instances I'm looking at right here today. And we got, we came down here in this to the first target. But if you hashtags again, Boeing is a part of the diamonds. Apple is a part of, you know what, let's look at some strong stuff and I'll tell you, I'll tell you what I think. Let's look at some strong stuff here to see what the traction in some of these things. Yeah. I just think we're lower here. And whether we're lower in the next three hours or whether we're lower in the next three days, it's really hard to say here because it's too early to say. Like we could, I don't know where we end up today at this point. We could go back down, if we go back down into the late today's lows though, I'll tell you, we're gonna break it. So if we, here's what I think. Here's my two cents on between now and the end of the week. If we get some, we could either follow through today, go back down to the lows, break it, have a really hard sell-off into four o'clock on the day after hours and then have a tight range tomorrow or we actually rally tomorrow or we do not go back down to the low of the day here today. This is it. We had the nice sell-off into the lunchtime period and that's it. And then we go get up tomorrow morning. We have a bad number or a number that's not expected for the unemployment claims and the market reacts negatively and we open lower again tomorrow. So this could be the end of the sell-off today and the market could be waiting to see what happens tomorrow morning on those unemployment claims. The problem with the unemployment claims numbers that's been coming out every Thursday is even though they're going down as far as number of people, it's going on and on and on. So you can't have 1.2, 1.3 million people filing unemployment claims every week for eight, 10, 12, 40 weeks. It's just getting to the point where it's not stopping. Do you know what I'm saying? And that is problematic. So this could be the end of the sell-off for today and then we're lower tomorrow if the number is bad. And then if we are, watch out because we could really drop. We have a long way to go down. We sure do. Yeah, there's a lot of potential for correction there. Absolutely. Well, Melissa, listen, thank you so much for your time. I mean, this has been a very, very fast hour. You covered an awful lot of material and we certainly do appreciate your time and the effort that you've taken to go ahead and put this together and to be a member of our community. Thanks for having me, Raleigh. It was so nice to meet you today. I've talked to you like a hundred thousand times. What's up with that? I know we've been texting back and forth forever. But this is great. And once again, I think it's exciting what you've got going on and you've got definitely something that you focused on. You've really developed it. And I just wanted, once again, thank you for the time that you spent coming in today. And folks, as you can see here, I just wanna make you aware of the fact that her special offer, she's got a comprehensive course where she's gonna basically share with you how she goes ahead and makes choices and how she trades the markets. And she's offering as part of that a free e-book and a newsletter as a part of that service. And you can find that all at westmarktrading.com slash M-A. Go ahead and click that. It's gonna take you right to Melissa's website at the Stockswish. So Melissa, once again, thank you very much for being our guest this morning. Thank you and stay safe. All right.