 is knowledge and financial resources. You may lose all or more of your investment, your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not necessarily indicative of future events. And first off for today, we'd like you to take some notes and hold your questions if at all possible. Melissa, I hope you don't mind, but if the question seems to be very relevant to the moment and that the context is going to get lost, I'll definitely pop it over to you or I might even break in and say, hey, this person wants to know something. Is that okay with you? Sure, sounds good. Fantastic. So guys, Melissa Armo is with us from the Stock Swish. She's presenting her trade on the side of institutional money and gaps. She's the founder and owner of an international educational company where she teaches people how to successfully trade the stock market. And the method that she teaches is she owns it and she created it, which is unique to the Stock Swish. And it's based on one strategy called Golden Gaps, which pinpoints institutional money in the stock market. She's also the executive producer and creator of her own television show, which is titled Make a Million with Melissa. So Make a Million with Melissa is a what to do and how to do a television show on stock trading. She appears on TV as an expert stock market analyst discussing the market stocks news and world events on Fox News, Fox Business Network, RT America, Cheddar TV and CBS News Corporation. So with that, I'd like to turn the screen over to Melissa and she's going to bring us a really cool talk. So let me just bring you over to presenter. Yes, and take it away. Okay, great. Can you see the slide? I can see your slide. Thank you so much, Sherry. Thanks for hanging in there and got set up. So glad to be here with everyone. Speaking of the market, we are selling off as we speak. You have the health professionals in Capitol Hill right now that are talking and they are scaring the market. So I've had a bearish bias on the market actually for most of this month. I really called earlier in the month of September and I thought that this was going to be a month that the market would sell off. So these are interesting times to trade and I live in New York. This is a picture of New York from a long time ago, happier times in New York City. It's been a rough year for New York in 2020 and I think it's been a rough year for traders if you don't know what to do. If you do know what to do, it's been a fantastic year because we've had a lot of volatility in the market. We had the nice rally into the beginning of the year sell off then that happened in March with COVID, the rally back and now we made new highs a couple of weeks ago and now we are selling off again. So I think no matter what period of time we're in, I think it's important to have a set strategy to trade and that's really what we're going to talk about today. I'm going to talk about my strategy which is on gaps. I'm going to go over some trades from the last couple of weeks and I'm going to talk about institutional money and gaps which is what I look at and pinpoint in the morning. Now the market rallied not today but the last two days and I know people bought and that was really not a good idea in my mind but people did it because people saw the rally and in fact again if you day traded the market yesterday you made money as it long but the fact is that the gap up that happened in the market yesterday was not made with institutional money so it was not a good placement to go long or for any follow-through and again you can see that here today because we're reversing like a hundred percent of the rally that we had just boom like that in one day today and in fact the day isn't even over so we've reversed it and it's only one at ten less than three hours of the day to go but that's a long time left where the market could continue selling off today okay so it is very important to know which side to be on whether you want to be long whether you want to be short okay it's important to know because when you get in a trade the only way you're going to make money is if you're in the right direction okay with the best money management in the world you're not going to make money if you are in the wrong direction so like for example today if you're in the market long it's selling off you'd be down okay so let's talk about trading on the side of institutional money and specifically in gaps if you have any questions you can email me at melissa at the stockswish.com you can call me at 9 to 9 3200 gap or feel free to tweet me or follow me on twitter facebook youtube or skype and also i think youtube is the best place to follow me because i put videos reviews uh and also you can always feel free to call me if you have questions okay so you can trade the us stock market from anywhere in the world so that's a plus and again another plus is the fact that the market is been has been volatile because that makes for good trading so while the word volatility tends to scare long-term investors or or maybe scare you if you have money in a 401k your retirement account if you're an active trader actually that's a plus again you have to be in the right direction but you have to be in the right direction no matter what you do when you trade okay whether you do a swing trade a day trade an options trade uh the volatility that we're seeing even here right now we started to see it started seeing the last two weeks actually last week we saw it we saw it on the rally last thursday and then the market sold off hard on friday that was a good another example of volatility okay and now we're seeing it again today today we're seeing the reversal today okay so again volatility is a good thing if you want to make active money in the market so i think for for right now 2020 and going into this period into the election year into 2021 many things coming up we're still in this COVID crisis i think it's a great time to succeed and profit and again you have to have a good strategy that pinpoints where to enter the trade where to exit the trade and in what direction so it's been really for me a good year to trade the market and this is a clip of the cues earlier from today and i just want to show you here this is july july august and then september okay so september first we actually made new highs and then we gapped up september second sold off gapped down september third now i'm going to just explain to you very briefly here what is a gap for those of you that don't know what a gap is just very briefly a gap is a difference between the close and the open okay so you have bullish gaps and you have bearish gaps so what's this here this again is the cute cute cues we closed here one day then we gapped up so we opened higher at a higher price than we closed on this day this was august 31st into september first okay then we did it again september first into september second we did another gap up then we sold off then we closed then we gapped down so we closed at four o'clock open at 9 30 at a lower price okay this was on the the third okay that was a big sell-off day so again i'm looking for the gap and i'm always looking in the pre-market now you can look at the post market too gaps can happen at night gaps can happen in the morning okay casco reports it's casco reporting tonight casco either reports tonight or tomorrow night i forget casco reports one night this week maybe it's tomorrow that will gap okay that will have a gap that will create buying or selling in the after hours then i will rate it and determine if the following day in the trading day i will go longer or shorter and that's what i do in a nutshell that's really what i do but i figured out all before the open okay and again any questions you can plop them in the room but fall is a great time to trade because we have or earnings season starts the quarterly earnings season there's four quarterly earnings seasons in the u.s stock market and what happens in earnings season companies report their earnings like casco is coming out this week now it doesn't always match up though with the fundamentals so i don't look at those like you could have bad fundamentals and then the stock could make new highs or reverse you could have great fundamentals a great report and the stock would sell off so you can't always make a decision what to do based on the fundamentals if that helps you fine but i don't make trading decisions based on that i look at technical analysis and it's technical analysis in the gap but one of the reasons that falls a great time to trade is because you have lots of earnings it's a busy time people want to get in stuff again before the end of the year it's usually a very time where there's a lot of volume people are back from the summer holidays and vacation and so fall is really a good time to trade and make money before the end of the year now let's talk about the power of institutional money so what do i mean by this institutional money is big money big positions that come in two stocks of the market volume move it big big moves okay it's momentum so that's what i'm doing i'm trading on momentum okay so the momentum right now today for the market is what to the downside so you'd be short today or you'd be in options that are put today to make money okay we shorted the qqqs as a day trade this morning right out of the gate and it worked it was a nice trade and again you could be still in it if you want to be but institutional money is usually made by what big positions by large traders hedge funds banks big trading desks okay not retail traders and even a thousand retail traders wouldn't move a stock like apple or the market in any set direction okay so this usually happens when in the post market and the pre-market so that's what i'm looking at i'm looking at that specific period to make the trading decisions that i want to make on the given day so i don't trade the pre-market i don't trade the post market but i make my decisions then and then i determine what i'm doing after the open after nine thirty and i think you know having had the stocks which business now for you know about eight years or so a lot of people that i've talked to that are trading they tend to get very stressed out and they jump around from thing to thing to thing all over the place if you want to be successful in this business and i don't care if you're doing a part time or full time you must have one a strategy that works and two you have to be good at it and the only way to get good at anyone strategy is to be focused on it to master it and that is something that i have done uh early on in my career i didn't know what i was doing either like many many people out there and some of you may be here today feeling the same way it took me about three years to create my system i traded gaps though very early on and it made a lot of money one day in a gap in one trade and then i knew there was something to it of course i didn't have my system at that point but i was very determined then to figure it out and figure out gaps and much of what what is taught out there in gaps on gap analysis is actually false it's not good it's not good information it's not reliable and consistent to trade based off of it so i'm very focused on one strategy it's the golden gap and if you stay focused on one strategy you will be a lot less stressed out if you're jumping around from thing to thing to thing you're gonna make money have losses make money have losses kind of chase your tail all the way around and that will stress you out okay the focus has to be in there because you will have days in a reason but you also will have tricky days tricky tricky tricky days okay and you have to hold the conviction i call it conviction like i called putz and tesla um a couple of days ago and guess what they're working like crazy today but they took a couple of days to go so the trade was down before it went up okay there was an options trade so if you don't have conviction you're going to get very stressed out you have to know what to do you have to have conviction and you have to hold that conviction okay but trading can be very easy when you know what to do i've called this market actually uh very well in the last few weeks and you know you have to look at something and say you know what i believe in this i'm going to stick on it it doesn't mean that every trade works even that i take but way more trades i take are positive than than fail and that's really the niche that i have and what you have to find for yourself if you're going to do this because trading is so easy when you know what to do and again it's not that it's not that taking a loss is easy but you let it roll off your back because you know that the next six trades you're going to take for example are going to be winners and so then that it allows some big winners too and that allows you then to keep going okay and actually enjoy what you do and i really do enjoy reading charts and more than that i enjoy predicting things that are going to happen that seem impossible like i predicted this market to fall like this and so you know it's one of these things where the expertise the skill set it's the skill set that you need as a trader and many people are focused and think they have certain skill sets but the things that they're focused on that they're reading every day based on they're making their trading decisions to trade off of are not things that are going to make the money because they're not the right things if that makes any sense so anyways this was a short we did actually just the other day we shorted the market even on the gap down on monday so let me just go over this here this is the spy so here we were we rallied up rallied up rallied up gapped up main new highs this was the beginning of the month gap down fell fell fell fell fell fell and again i called puts on a thursday morning in here dropped friday into the monday okay then on monday we did a day trade so here's the spy what happened here this is friday market closed here gap down boom here in the tail is the sell-off where we got a nice trade entry was 325 85 stop was 327 30 this is a day trade an equity trade which you would need a margin account to trade off up at a retail broker or you could trade at a prop broker again you need margin so this is not an option this is a day trade but i will be going over some options shares was 2500 this is an advanced risk 36 25 you can take less you could take 100 shares of this if you want it was a beautiful trade exit was 322 10 boom out and this was not the low it actually broke a little bit more but it was a nice exit and it was a solid short and again this is more than a three dollar move it was almost four bucks profit was 9,375 so even if you took 500 shares of this it was just a huge huge call and so again the analysis that i do is to see that a set that that this market that this stock we did the market here this is a buy would go to take the entry short and then let it drop okay same thing here with the with the sell-off here from thursday into monday okay now i was talking here about institutional money earlier what do i mean here's a chart of google again this is a very i call it a high flyer google can have big moves very very large moves google has been getting bought you have institutional money that was buying google here how do you think the stock went from here this is a mid august stock was around 1525 had a monster move up more than 200 move very very quickly in about a two week period how do you think it got all the way up here it got bought it got bought okay so again this is institutional money moving the stock higher here even on this particular day here on the second and then you have profit taking in here so all of this selling here is profit taking for people that went long it and people that have been long it for a while actually so again you're looking for who is in charge the bulls are the bears now this is another one here that we ended up doing thursday the 10th let me just find this that date that was last week no that was two weeks ago the 1500s we did here oops here here's the 10th so we shorted we did a put in google here on this day no here's the day where the heck is it no i did have the right day here here this is the 10th we did the 1500s dropped here dropped here fell broke okay that was a nice trade so sometimes i'll call things through the strike sometimes i'll call it into the strike um anyways i have a gap options newsletter which gives you trade ideas where the newsletters come right to your email this was at late in the day on the 10th i saw that it was going to continue and gap down the following day this is at 321 in the afternoon this is not cheap to trade okay but definitely worthwhile uh four contracts of this 18 dollars a piece um sold here at 56 this is a nice move okay so the profit was 15 200 a 211 percent return in investment so what if you bought one you could have paid 1800 for one and you get the sell off so this was a nice drop again the difference between options and equity trading is you do not need margin for this so like for example to take one contract of google here you would have needed only 1800 in your account and the other thing is when you do options you don't need a margin account if you want to be in out in out in out you have to set up a margin account with your broker for that but in reference to opening the an options account the minimum starter is usually two thousand dollars okay so a nice drop in google and again any questions here let me know here was the test i was talking about here was this and this i clipped earlier today this dropped even more beautiful charting this we we've been doing many different trades in this some of them were calls some of them were punts again how would this stock go like it did and this is this is not really makes sense here with the price points because the stock split so this number over here the price was different in these bars previously back in august but just to show you you see here this closed here gapped up rally continued from this area to here the stop almost basically went straight up and i think people got a little bit crazy in here going long before the stock split which is not a strategy people went long before the news out on this battery thing this week that was not a strategy either again what i do is based on technical analysis and it's technical analysis in the gap so people are losing heavily today that went long into that battery day and you know people love this stock i get it i totally get it the stock is in an uptrend that's true but you have to have the right placement of what's happening because if you're trading momentum which is the only way quite frankly i think you can make money as one individual in the market unless you have millions and millions of millions of dollars to put it work to you for you to train then you've got to get momentum you've got to get big moves and you have to pinpoint it at the right time to get that flush and again whether it's a rally or whether it's a draw you would this would be a terrible long here today you know in fact i was talking about this somewhere i said this on a spot i had on a merit trade two days ago if you knew you could buy something at you know if if you're gonna you could buy something for a hundred dollars why would you pay 150 if you knew for sure you're going to be able to get it for a hundred well you wouldn't you just wait you wait for it to be at a hundred or whatever do you know what i'm saying anyways this was one back from earlier in the month september third i called puts the 418 puts in this now this is an expensive stock to trade they cost 29 bucks for one and three is an 8700 advanced risk sold at 45 it's a nice trade 55 return in investment let's go and i'll show you the date september third 418s here's the third here's the drop drop boom show anyways again nice move in tesla the downside here and then we're getting it here today as well and actually you could be out of this today or you could still be in it because i called the puts for the this friday so you know whenever you're doing anything you have to have a reason for doing it and i think when people just assume that somebody's going to happen based on news i mean that's just ridiculous to me that's like gambling i mean you almost could have predicted that it was going to go in the opposite direction that everyone was doing it quite frankly because so many people were telling me there's so much stuff in the news and i'm like why are people doing this this makes no sense like there's no reason to assume it's going to have xyz move for for for the news that you don't know anything about for the stock split really so anyways here's the amazon this is another one here i've been looking at that this just to kind of see where the polls going to be because again if amazon falls hard show will go the market uh this is a big market mover huge okay and i was watching this actually last week which was helping me pinpoint exactly where the overall market would go as well this had a big sell-off last week we got it a couple of times it's having a sell-off today i know it had a rally yesterday and you may look at that and say gosh there was a big rally yesterday whatever again while theoretically you could have gone along yesterday as a day train it really wasn't a great entry of what was going to happen here because the momentum rally is pushing this into the selling position right now and this is selling off as well today but we did this back here last friday and then got it down and the gap down on monday morning or you could have got out of it friday so again set this newsletter out friday morning the 3100 put so let's take a look at it so that was oops the 10 i know that was two weeks ago gosh it feels like every day just runs together living in new york anymore this was the 10th show i call this here call the 3100 put spoon drop okay um something just weird happened there with the chat is you'll be trying to write a question or something there sherry the chat just kind of jumped up if you didn't yes you got a question from hosday asking will you discuss in detail your reasoning in any one of these trades 16 hours that's the whole that's the class that i do the class that i do is a two-day weekend class at 16 hours so it would take me to wait too long i have a limited amount of time to talk today and that's the meat and potatoes of what i do and the process also that i go through in the morning which doesn't take 16 hours but when i go through my process in the morning i rate the gap in the morning using a 26-point rating criteria we would not even have time to go over that today but that is okay so you'll need to know how to get in touch with you later yeah yeah they can get in touch with me later and you know sherry cuts me off at a certain time so we get a where i'm trying to give you a basic overall general analysis here of gaps that's the purpose of today showing you some trades that we did showing you how they worked and then if you're interested you can email me for a trial to the trading room well i'll call the trades live if you want to come into the trading room you're welcome to email me to get in the room this week okay you can email me and melissa the stockswish.com if you want to come in the room tomorrow we'll see what we get and it's probably going to be a big day because of the fact that again we have the unemployment claims coming out tomorrow morning that i believe has a big reaction tomorrow in the gap so um so good question there anyways this was the 3100 puts and the and the overall reasoning is this gap down i mean just to be quick about it this gap down i rated the gap the gap rated per my system so we shorted it and it's that simple you've got to learn the you've got to learn the system and that's what takes the whole weekend 16 hours but as far as doing it once you learn the system you're rated it rates per the system then you take it in the direction of the gap so because amazon here gapped down we did it we shorted it it was a great trade this was a really nice trade again this is very expensive so if you're somebody that that has a smaller account maybe you can't do the amazons or you know what maybe you do it farther away because when you do options you could have done the three thousands and you still would have been profitable so again you can do something farther away um but anyways when you're trading again you have to make good choices and i think this is what people people jump around too much yeah good choices means a good trade selection having a plan and having a good system and quality entries and most importantly also don't over trade um every all of us have a bad day now and then we feel like we did too many trades and it usually happens like for me if i over trade i always go back and look it's because i started out the day with a loss when i have the biggest and best days i ever had guess what it's usually one trade and done now we did short the market this week on on monday we did the cues we did the spy we did the diamonds as a day trades we did three things that once because i knew the market would roll over but that's that's unusual it's unusual to have a day where the market will power trend down we're kind of getting that today though quite frankly um so i mean when you're looking to trade i think you say you get up in the morning and you say this is my goal for the day and once you have your goal done you take it you book it you get out if there is a day where there isn't anything that meets your criteria or nothing to do then guess what you don't trade i mean you have to be disciplined in what you're doing because ultimately this idea of doing it is to make money it's really not the thought process of necessarily just doing something for the sake of doing it although trading is fun impressing the buttons are fun making money is more fun and you don't want to lose it on a day unnecessarily if there isn't anything to do and i suspect that many traders are losing today so i mean we're we got it we we got it but i mean this is not an easy read here this market and i give myself all the credit in the world for reading it right in fact sherry was talking about television i emailed two weeks ago last monday on the 14th um my talking points to fox news where i thought the market was going i was i was 100 correct this is 12 and a half years of doing this uh and doing nothing else i have an a very advanced skill set and that is the benefit of coming and learning from me one if you can trade in the live trading room with me every morning you're getting the calls live and two taking the class you learn what i know but you still have to do it yourself trading is an independent activity it is not a group activity it is something that you have to do and if you're an independent person if you're entrepreneurial and you want to do it that's great i help people i mentor them i'm here for the support and the knowledge but ultimately it is up to you to do it you're the one that presses a button you're the one that has to take this seriously and you're the one that would be investing in my class if in fact you wanted to come and learn from me so it has to be something that you take seriously now as far as goal setting and making money and where you want to be per week per day per month i say chunk it out and look at it as share quantity size so again in the trading room i'll call the entry and the stop and then we're to exit but like for example if i say 50 by 75 that would be 75 cents first number is the entry second one's a stop and show you look at the share quantity 50 cents if you take a thousand shares again you can make 50 cents that's 500 bucks that's profit i'm usually looking for one turnover again some days we get bigger trades but like that tesla trade that's a trade 50% in an option that's money one over on a day trade that's profit you risk 1500 a day trade you make 1500 you're out okay so stop losses is something i use this is important money management is you have to risk the same amount in every train and you have to manage them the same so for the day trains again we're getting them one to one but for options i really just let everything ride should the trade either wins or loses with me for the options so you can be tighter if you want to kill them when they're down 50 but i really don't suggest that to people just knowing myself and how i've been calling the trades now let's take a look here at another short this was on the 16th this was apple entry was 114.99 shares was 2200 risk was 2662 eggs it was 113 again two dollar move out profit 43.78 again this is on a gap down it is so so important to get the right direction with the momentum apple is falling today in fact if someone can quickly quickly look and tell me where's apple at right now because i'm doing this and i'm talking can anybody quick tell me what's the price of apple right now as i'm as we're talking here because apple was falling today that was the other thing that i saw that was going to drag drag on the market even today as well so we can write it in the room anyway ccl we did this on the 15th nice bar in here again what's the reason i did this trade because i got up in the morning it's ccl gap down close to your 18th boom opened in the morning around 1720 ish open drop i rated the gap in the premarket it rated to short that it would continue selling off on the gap down and actually we had an early exit on this i thought it was a good exit on this but it ended up continuing um entering this was 1685 stopped with 1715 8000 shares 2400 risk we had to do this at 1657 which is hilarious because it actually went down broke 16 went to the dream target i mean that was a great trade but this was again this is your goal for the day you're out but if you held this all the way down you could have made 16 more cents on this plus i mean look at that what it did but we got out of this right in here snug as a bug on the 20 per moving average but it kept going kept going fell all the way down anyways i think it's important to focus on quality and that is what i'm trying to show you also in all of these trades quality quality quality quality not quantity um and and it's oh here i clipped this from apple here this morning where is apple is that no one brought it in the room no one knows that no one cares we also did a put in apple this was back on thursday the 10th we did a bunch of puts that day called the 115's boy this was cheap for apple even to get this here three bucks for one contract you could have paid sold at 640 113 13 return an investment so this is thursday the 10th again i'm gonna go back it's wrapped boom fell fell fell nice trade nice sell-off and again we're continuing that into the move today and people you know i just and i know that people went long even apple yesterday apple did get up yesterday and people love to go long apple um but you know really we've been we've been shorting apple and the trades have been working and then here is the q q q's again here is the sell-off here today what happened today we closed here gap down open fell and we did the same day we did the 277 puts in the q's cost was 520 a little expensive but we did it out to the 18th again you don't have to hold something to the whole next week you can do it and get out of it when you get the momentum sold at 11 25 beautiful trade once 116 return an investment so if you were 70 and 100 you made 9075 so again same day here on this day here the 10 boom boom drop see how it works and again what's really funny is you could have held this even longer because actually look what this did actually then that very last day not that i suggest that i didn't really suggest that but this like from the day that i called this up here which is the day i called it i called the 277 strike this was one and this is rare and apple was like this too you could have actually held this the very last day of expiration and still made money in this trade that's so rare and i don't suggest people are doing it but again you see how well i'm reading this here where we're going where we're headed like i can see where we're going in the future and how can i see that it's based on technical analysis and gaps that is what i do um and here's the spy today i have to look at where we are with this later too this was the same day too we called the 338 puts did them five bucks which is normal for the market for out for two weeks basically 95 return on investment got the drop in this too again this was on that particular day here sell off boom drop again we did the 338 fell through it hard got the move again when you're doing a put you're doing a put you're doing a short basically and you could have done equity trades in the market here as well so anyways you know my whole point here is that you you when you're trade you need to make more money on your winning trades than your losing trades and and you also have to have way more winning trades okay than losing trades so that means you have to be right and you have to be right a lot quite frankly and if you're not then guess what you're you're gonna not get anywhere and i think a lot of people when they're trading they they just push the envelope too much and then they lose and then that's one of the reasons why people jump around so much because they have such big losses they're desperate desperate for ending it all to somehow do one big trade that's going to get all their money back from all the money they've ever lost in the last umpteen years of trading it doesn't work like that it has to be a process and like i said earlier it has to be based on a skill set and so you know for me i use stops in my day trades the amount that i risk is the stop in the option if it loses it loses and you have to think about this in a very very specified focused way i'm trying to get the move fast i'm trying to get the momentum and really that's what i'm looking for now here was one more here facebook actually i should take a look at this here later today facebook we did the puts on monday september 14th they did the 265s that expired last friday nice roll over in this dropped cost of these again 375 20 contracts for 7500 sold at 1275 $18,000 which is a 240% returning investment these trains even don't take that long i'm doing everything out within the same week or the next week depends on the timing of when exactly how many more days i have left where i see it's going to go so this was on the 14th and i'm going to go back and show you this here this was here and then we dropped okay and then we fell and then we dropped and again beautiful move dropped into itself like a cup okay this is facebook nice sell-off that fell on down and here then i'm showing the beginner risk so if you want to take two contracts you could have rinsed 750 dollars and made 1800 bucks that's a good trade for 750 dollar risk so again if you have a 2000 dollar small beginner account you could have basically doubled it with a 750 dollar risk in this one trade and some of the days to be honest with you i'm calling many many trades so you know it's one of these things if i see the market it's going to go a certain direction we will do a bunch of trades and it's up to you if you want to do them all if you want to do one or two you know it depends how much you want to have on so what does it take to do this and what do you need to do you need number one a system to trade i have that i said it's a golden gap you learned that in the class i'm looking for stocks to gap in the morning that had big moves and often a clear directional bias that gives you an edge what i have is an edge because it tells me in the pre market or the post market where it's going to go that has helped me read this overall market i read the gaps in the market too even though i'm not necessarily playing them every day sometimes the moves for the day trades happen very quick sometimes for the options they happen quick sometimes they take 24 to 48 hours okay but gaps are a very specialized strategy that i think you've got to really kind of say i'm going to learn this i'm going to take all the information that i know in the past that maybe hasn't been working for me i'm going to start fresh and i think now's the time to do that a lot of people are working from home they have the time to learn they have the time to take a class and they have the time to trade from home so um you know if that's this is something that you're thinking about doing you definitely can reach out to me you definitely can come and do the trial but you would learn the system in the class it is the reading system it is a 26 point professional bearish gap reading system the purpose of the system is to help you evaluate your gap to trade each morning using a checklist to read what's going to happen so you can take the trade into the open when it sets up the checklist tells you what to trade and when and it's a very very powerful system and gaps are powerful uh gaps are traded again with a lot of money and momentum and that's how you get the big moves and as i was saying before volatility is actually a good thing if you know what to do so if you're thinking about doing this what are you going to learn how what and when what stocks to train when to trade them and then how to figure out which ones to trade okay i'm looking for high probability everything with the market is about probabilities is it high probability low probability okay is there a high probability the market's going to make brand new all-time highs before the election no that's low probability is what i would say you understand so you have to train based on probabilities high and low and when i'm looking at 26 points it's a lot of things but by golly if i could think of 126 i'd do it then maybe i'd never lose because it's about the detail and the very specific parts of it which is one of the reasons why i could never go over that today detail is important if i'm putting on seven eight thousand dollars in a train you better believe that i'm detailed about what i'm doing and for you your shelf if you're putting on a thousand dollars of your own money you better have the detail you better know what you're doing and why and that's why i can't understand why sometimes people just take these trades for no reason at all like i was talking about with tesla and apple uh into the stock splits but you know if you want to learn what i do if you want to find out more information you can email me you can call me the next class is october 3rd and 4th again it's call the golden gap course and it's definitely a realistic for you to make good money trading i have some traders that are up for the year several hundred thousand dollars i mean so this has just been a banner year for a lot of people with me one i've never traded more because of the pandemic i'm home more to see things during the day and two it's been a volatile year but you can do this for me it's the analysis i'm a very brain oriented person and for those of you that are here if you've known me or watched other webinars you're aware of that i'm a very independent person i think if you have this kind of skill set and this desire to work for yourself you absolutely can do it but you have to have the right guidance and you have to have the right strategy and you have to want to do it my class is seven thousand dollars so for some people uh that's that's fine for some people they consider that expensive it is well worth the money every single penny every single person that takes my class comes away with it blown away by the information that they get out of the class so you're paying me for my time and the information and to learn a system that you can use pretty much for the rest of your life you can use it for swing trades options or day trades the class is online and i'm doing a file special here through sunday if you want to sign up you get the trading room and options that are free to the end of the year and then you would get all my trades between now and new year's eve 2020 so if you're interested call me email me if you want to try you can reach out to me too sorry i was late today fantastic thank you we do have a couple of questions for you sure and i think we as long as we only keep it down to a couple of minutes we should be good and maybe this can't be answered in a couple of minutes one person said uh how do you use stop losses with options based on the underlying or the option price are you doing this with spreads no i'm just buying calls or buying puts like what you saw in those newsletter clips i just buy calls and buy puts that's it i either believe the stock's lower or higher i don't do spreads that also what it's whatever i risk show something costs a buck that's it either the trade works or goes bust i don't kill it in the middle but if you want to you can if you want to you can and we're going to look here at apple i call the 110 puts an apple today i called the 110 puts an apple today this stop is that 109 this is a great trade and no one wants to give me the price of it it's down a dollar this is a good trade you could have done this trade today when i call it this morning get out of it today with money or you could be still be in it because i think we're lower tomorrow this was a great trade yep awesome and then the other question that i have for you is what is the average roi for your trade system do you have that for the day trades for the day trades i would say about 80 percent to 100 percent for the options for the options some of them have i would say 100 percent and i'm going to be conservative there because some of them have been blown away we did trades in tesla a couple of different times this year with the where the roi was like a thousand percent so it's so difficult to say what is an average because there are trades that i lose in full completely but i i will tell you i don't get out of something if it's like 10 percent so i'm either all in or all out so i'm going to say a hundred percent one turnover all right well i put your email address down there for everybody to respond to and by the way everyone you'll probably be getting an email from melissa just giving you this offer one more time so um i appreciate your time today melissa and i'm looking forward to having you back in december of january so um if you guys have more questions for her you need to email her at melissa at thestockslush.com right yes thank you have a great day bye bye