 Welcome. This is Melissa Armo. The stock swash, and I want to take a look at the market and just review a few things here today You know I teach people my gap method in a class once a month And I use the system and the system is there for reason to help me look and stay focused every day And what to do today there was nothing to do that met my criteria therefore we didn't trade I understand that people and I'm saying traders in general retail traders want to chomp at the bit They want to trade trade trade trade trade. They always want to get something right at ways every single solitary day And I get that I a hundred percent get that but the fact is that I developed a system So that I wouldn't lose on days where there wasn't anything good and that I would look for something that had a high High high high win ratio because again there are some days in the market It's rare of the 200 plus trading days of the year It's rare, but there are some days where there isn't anything good So what did I say today in the room in the morning the first thing I said out of the gate is that the market's gapping up and this Isn't a good long and the play today is to short the market on a gap up failure I did not do that because I do not short gap ups, but if you did it it worked We're ready in trades Okay options trades and so I told everybody let them play out But as far as the day trade today there was no play in here to do because you can't go long It was not a good gap up which I'll show you in a minute and again to short this doesn't make any sense either because you can't Get the right entry even though I said if you want to do this of your desperate for a trade I said this in the room. This is the play. I was right So getting back to what I said at the beginning having a focus a set set focus is Extremely important if you're trading every day because you can very easily on any given day lose focus because you're chomping at the Bit to make money This can happen if you're losing because you're desperate to get your losses back and to start making money It can also happen if you're winning. Okay, everyone's doing really well this year with me So people are chomping at the bit to keep going going going Some days you have to take a break some days you have to wait it out. That's just what it is and having that type of Discipline okay, and that Mentality that you're gonna only trade when you get the good ones got a only trade when you get the good ones Really actually will help you do better in the long run Alright, you'll make more money on the days when there is the good ones if you lay low in the days when there's not good ones If you know what I mean, and I know that's hard for people. It's not hard for me You know, it's hard for me to tell people that in the room when I'm running the run because I know people are expecting something every day But I do teachings and we talk in the room then on the days when we don't do anything That's that's what I have to offer people that are in the room that we don't trade on days like this I teach because it just doesn't make any sense to just go after something whatever But I read the market extremely well today I said this is what's gonna happen if you want to do something But this isn't what I do and again I have criteria. I have this rule. I have a system. I developed it I developed it for a reason so that I could win so that it could be successful That's the whole point, you know, and that's the whole point of having a system to begin with now Let me just blow this up here markets just so weak. There's no buyers. I mean, there's just no buyers anywhere at all Look at this we fell in here. This was Friday gap down fell then we got down yesterday rallying We had a big green bar. We had a green bar one point lost it all into the close Then we closed then today we gapped up. This was the morning where I said we're not gonna go higher But we tried we tried tried tried and then we fell for what reason you could say I don't know what reason or this reason that reason again Did we fall the clip yet? No, so people are wondering what's gonna happen here Are we gonna move up? Are we gonna rally all the way up here? We're gonna hold so far We're holding so far. We have not fallen off the clip. That's true. That's true We have not so you can wait and see what happens, but I'm telling you right now I mean the last three days are stupid every week to me even today in a gap up I can tell you that I feel like this is weak because again, I'm looking at the price action I'm reading the price action. I'm not wrong That's how I saw this morning very early on that we were gonna drift off and fall and not go anywhere higher And that's exactly what we did not only today, but yesterday too in the day before So, you know the market needs a reason to rally You know we had good data this morning that wasn't even reason enough So I think people are really scared about where the market could go and yes You got the buy the dippers are gonna step in at some point. It may or may not be this week Don't forget with the unemployment number next week That could be something that affects the market So we can a half away But what's gonna make this market fall this week? I don't know what's gonna make the market rally this week I don't know. I know the last two days was Jewish holidays So we had low volume in the overall market and a lot of stocks the last two days New York public schools were closed But tomorrow we could get back at it again Something could happen in a gap in the morning. Could be a gap up could be a gap down I don't know I'm watching but there are days like today where the best thing to do is absolutely nothing and Being strict. There's nothing wrong with that. Take a break on days like today. Do house cleaning It's a change of seasons here in New York It's fall just started last week the weather started to get colder we're cooked for the first time in months yesterday So, you know get organized do some house cleaning with your trading Determine what your risk is going to be take a class on my classes this weekend get organized learn Get ready for earning season which starts in two weeks. Don't waste your bullets. Your bullish is your cash Don't waste your bullets doing trades that you have no business doing but there's nothing good If you're interested in my class again the class for October is this weekend October 1st and 2nd I can't believe this October. It's like ridiculous. How fast this year went But if you're interested email me, I'm Melissa the stocks wish calm. Have a great day everyone