 Let me know if you can see the slide And we're gonna get started if people come late they come late Can everybody see an orange actually this is a nice fall color Getting ready for fall here in New York Orange slide wonderful Welcome everyone. We're gonna get going here people come late they come late, but I want to get started It's a little bit after four today. We're gonna talk about shorting and why you should shorten why I'm loved to short and If those of you that don't know me, my name is Melissa Armo And I own my own company called the Stock Swoosh if you have questions after the webinar today You can email me at Melissa the Stock Swoosh calm I see some new faces some old faces of those of you that have been following me for a bit and Of course, you know how to get in touch with me So it's very interesting times that we live in right now We got one week to Labor Day one week today's Monday One week from now is Labor Day and actually Friday is September 1st if you can even believe it We and before you know, it's gonna be the holidays like that So this year has flown by in 2023 and today we're talking about shorting, but the year really in 2023 started out quite bullish So if you bought the market for example the first day of the year Any of the QQQs of the spy you're up as of now even though we've fallen off this month of August But I've shorted all year and in fact I've shorted ever since I started training And one of the reasons I prefer to short and we're gonna talk about today is because short moves happen fast And also a lot of trainers don't know how to short They don't understand shorting or they're not good at shorting So I've made it my mission to actually get good at shorting so that I can get you know Ahead of the game so to speak when stocks of the market falls If you happen to be around I will be on Fox News on Labor Day I'm on your computer show with Charles paying at four o'clock Again, that's a week from now. And if you have any questions as we're going along today You can email me afterwards or plop it in the room if you don't know how to chat you get out to two Individual user type my name and then you can write so let's get right into it So the first 30 minutes is really the most important time for me as a day trader or really even an options tracer That's what I'm looking to get in trades and out of trades in and out between 9 30 and 10 a.m Eastern time now say for example, I take an option on a Monday And I enter the trade at 9 30. I May be looking to get out of mind my options trade the following day if it continues in my direction Lower if I'm going to put for example because we're going to talk about shorts today So that first half an hour that first period of the day is critical now when I do day trains I'm usually in and out in five minutes ten minutes fifteen minutes very very quick So this time of the day is critical Because you can get big moves you can get momentum moves and you can take trains and get an aggressive entry with a small stop So I always get this question and since I'm doing this lecture here today Whether you're here today because you want to trade part-time or full-time or you've never traded in your life before And you want to get into doing it the fact is that you can make a living in the stock market You absolutely can not a lot of people do because most people don't know what that don't know what to do And they don't have a good system So therefore they make a little money then they lose then they make a lot of money Then they lose a lot of money then they're down from where they even started or their break even or they're up a little down A little I never really getting anywhere with it and wasting 20 30 years of their life I've been I've taught people that are older than me that have been trading longer than me That still don't have a good strategy or system So you can make a living in the stock market, but without a good system You'll never be able to make a dime you might make some money some days But lose it then the next or the next week or the next month and so if the market starts to turn Which I don't know I don't know if the market turns like I said We've embolished since the beginning of 2023 where the market's in an uptrend the markets bullish You can't deny it, but if the market turns whether it's fall of 2023 whether it's going into 2024 You need to be poised in order to learn how to short to take advantage of the downward moves that we're gonna have in the market Now as far as 2024 again, there's different pundits out there that say different things I'm gonna say what I think on Fox news in a week But the reality is people are saying well We're we're gonna have a recession now in 2024. We're gonna have a recession in late 2024 into 2025 Nobody knows you as a day trader you as an options trader you as an individual trader should not be worried about Where we're gonna be six months from now or 12 months from now? You should worry about making money right now today. That's all that you should worry about or this week Because no one can really predict whether or not we're gonna go into recession or not And it's very difficult to predict what we're gonna be long long term out So the best thing you could do is again get the fast moves One of the reasons why I like shorting is because the fast moves mean I can make money fast And then I can also be out so if something affects my trade that could move against my trade that could affect my trade in a negative direction I don't have to worry about it because we're running out of the trade and I already made the money So consistency is the main objective or should be your main objective if you want to trade for living But quite frankly even if you want to do it a couple of hours a week two days a week one day a week three days a week That's it You still have to get serious about it because you're not gonna make money if you're not serious about it And you have to have a good strategy if you want to be consistent So whether you're risking a lot of money or a little bit of money or everything you have You have to take it seriously because that's the only way that you're gonna make it There's billions of millions of dollars in the market and then we watch a show billions It's back. It's the series finale on showtime. It just started. I just watched the third episode I think it was over the weekend anyone watching the show billions. They brought the axe guide back So I'm hoping that it's a good season because I wasn't crazy about last season But anyways, it's a fun show to watch it takes place in New York It's a it's a scripted drama series and it kind of reminds you just again about the amount of wealth That's out there and who's trading the market and again. It's about a hedge fund. Okay So there are hedge fund money is in the market. There are individual traders in the market They're a big banks and invest in the market companies, too So to say oh my god, you know, I can't make a thousand dollars a day. I can't make a thousand dollars a week I can't make any money at all. That's just not true There's billions of dollars in the market You just have to know how to spot it and find it and again for me It's the in and out quick of it that really counts So the key today training stocks successfully is to trade a system that is reliable improvement So I started trading in 2008 But I didn't know what I was doing and then it took me about three years to develop my own system And now I have been teaching people since I started the stocks whoosh, which was in 2012 So I've had the business for 11 years And again, it's one of these things where I've gotten better over time I think teaching the class and doing the class myself over and over again. It actually helps me Also remind myself of the information. I'm even teaching because I teach the class once a month So it's a good review for myself to do as well And then also, you know me doing it every day, you know Monday Tuesday Wednesday Thursday Friday being a participant in the market and actually trading in the market so I can Feel it and see it and see what's going on and that makes a big big big big difference for me But again, like I said, I'm mostly short and again if anyone's any questions where we're going along just plop them in the room And I'll see him But you know, if you're someone that's trading and you don't have a system at all, that's another problem Because why are you taking the train? You know, you can't take the you can't say well I'm gonna buy Apple because I love it. It's a great company. Apple's never gonna go under Okay, that's fine. And maybe that's true. Apple is a great company and they're they're not gonna go under But what does it have to do with you making money as a trader? You have to be able to take a position in a stock whether long or short and you've got to get a move in it in your Direction within the period of time that you're taking it for profit If you're doing day trades on margin, you only have between 9 30 and 4. You only got six and a half hours Get it right. That's it Okay, and if you're in an option, you only got the period of the option and now I'm doing the weeklies Okay, you could do two weeks one month You're gonna pay more money If you do what out past a week But again, it's all about the precision in the timing and direction and what I call getting the best pick So for me, it's about the pick. Okay. If if you're trading For example, not every trade that I take works. Okay, sometimes I take a trade it loses But more trades that I take work than lose So every day my goal is to get up and find the best pick because I want to win. Okay, so I follow the system to find the best pick What do I mean by a system? I'm looking at putting the odds in my favor that I can have a Higher risk to reward chance of succeeding Knowing full well that some trades I take will lose if I didn't think any trade that I took would ever lose And I wouldn't even have any amount of risk in my trades I'd have risked my whole account every day on every trade I take and you can't do that So ultimately it's about trying to narrow it down for the best best pick. I apologize my The sacks wish headquarters is getting a phone call I apologize right now, but the phone will stop ringing. Sorry about that Anyways getting back to what I was saying I'm trying to narrow it down to get the best best best pick and if I can find that pick I can do that pick as a day train I can do that pick as an option or if you could do that pick Even if you want to as a swing trade for example now for me I do options and I also do day trades But I you know I could do swing trades if I wanted to but the problem with swing trades is you essentially have Unlimited risk because if you take a train and you get in it say for example You want to buy Apple like I said for example if you think Apple is going to go up and it's going to go to 300 someday you might buy it here today or buy it at 178 for example And then it may go to 300 but it could take five years eight years And the trade may drop all the way down to 150 till it goes to 300 So the reason that I get in and out of options quickly and the reason I get in and out of day trades quickly It's because I want to make money right now when you're in long-term swing trades or long-term investments You don't have no idea when you're going to exit the trades. Therefore. It's not income generation There the phone stop ringing. Sorry about that It's it's not income generation when you're in long-term positions that you're in for so many so many years So for me, I'm trying to get in and out quick because I'm trying to build up my account And then also once you build up your account, you can start taking money out of your account as well Gosh, I'm so glad the phone stop ringing. Sorry about that Anyways getting back to becoming a successful day trading It takes more than a hard work to become successful as a day trader And again the amount of money that you want to make or risk has to do with How much you're going to put on in the position now whether you do an option or day trader We say try to turn it over one to one So if your goal is for example to make a thousand dollars a day You need to risk a minimum of a thousand dollars per tree So you're trying to turn it over one amount So if you want to make five hundred dollars a day, you're trying to risk at least five hundred dollars in the trade Okay, but getting back to what I was saying the number one key ingredient to becoming successful as a trader is Having a specific system and strategy that can offer you reliable and consistent profits on a regular basis Trading success of financial success in the market is by pure design You have to send out in the morning like I said to find the best pick and for me I do that in the pre-market so what does it take it takes having a niche so I get a burling I get up early and ready my gaps and trying to figure out what to do very very early I have it all pre-planned out what I like and what I want to do for example on Friday We shorted Mar-Vell that trade is in here. We're gonna talk about it We did a put in Mar-Vell and we shorted Mar-Vell as a day trade on margin. I knew I liked the Mar-Vell I rated the gap. I prepared all before the market even open and it worked Okay, if you want to trade like everyone else out there then your results will be like everyone else Which like I said many people are back and forth back and forth trying to figure out what to do can make up Their mind and they never really get anywhere with trading you really can't have outstanding results because there's so much money The market like I just explained but a lot of people just get so sucked into the money part of it Where they are just obsessed is the best word that I can find with making the money that they're not focused enough on the Information and then of course they're trading in fear because they've lost they've lost money trading They've lost money the market or they have too much risk on in a trade and then they make dumb decisions I mean there's just no other way to put it. They'll take a trade. They'll kill it. They'll double down They'll buy the dip or do all kinds of things if you don't know why you're taking the trade Then you shouldn't do it and I'd say wait wait So the best thing you could do for yourself is to start taking learning how to trade at something seriously and by learning How to trade I mean learning how to trade a good system not learning how to press the buttons Okay, everybody knows how to press the buttons if you've traded at least even for a week So it is about for me the focus and specifically the focus on gaps So if you decide to come and learn my method, I teach a 26 point checklist I'm looking for 20 points or more if I find a gap the rates 20 points or more. I'll take it in the direction of the gap I'm looking to short. I'm looking to short gap downs now. I will go long gap ups, okay But I prefer to short one of the reasons why I prefer to short is because of the fact that Short moves happen quick short moves happen fast. So I might take a trade like Mar-Vell We were in and out of it in less than 10 minutes less than 10 minutes. I was done. It's Friday afternoon You could be on with your day. Okay, and again, you can hold an option if you want to but even weekly options in my opinion Are very very very fast trades But it's about the time of the day focusing on the time of the day and Trying to grab that Momentum as quick as you can in and out now. How am I finding the momentum? How am I spotting the momentum? I'm looking for large institutional money gaps are created with large institutional money That is what makes the gap the professional gaps that happen and play out in stocks are formed by one thing and one thing only large Institutional money Mar-Vell is a good example We're gonna look at that chart in a minute Markets another good example we can look at here in a bit too Therefore you need a way that will help you pick the correct direction to play the gap and then confirm that the large money will Flow with it by having a formula to rate and qualify the gap You get confirmation and conviction that the large institutional money is on your side And then you play it gaps are an event and create a sense of urgency quick quick quick quick hurry and You see how you're like, oh my god the panic the panic. That's why people sell. That's why people short That's why things move down faster than they move up Think about it. There's no panic that comes in like I said with the Apple example There's no emergency that you have to buy Apple Maybe if it was the earnings tonight or something or tomorrow and you want to buy it in the earnings because you think it's higher Which it may not be it might be lower, but there's no sense of urgency to buy anything at all including the market, okay? So again, why I prefer to short Anyways getting back to gaps and actions being forced by Participants of the stock and this is why gap trade is incredibly powerful Training golden gaps the powerful and profitable way to trade because you're trading the side of power money and again You are never going to move a stock Only big money can move a stock big money big positions, okay? So my system is constantly looking for the largest institutional money That is also the reason why it moves so fast Okay, because it's like a dump like if someone was dumping a million shares Selling it, okay into the open or whatever between 9 30 and 10. They're dumping their stock So for me, I have been focused particularly You know this month of August watching the tremendous selling that has come into the stock market last Thursday It was Thursday. I think it was the 24th or something. Yeah, that was the day We had a massive red bar in the market and many many stocks with the QQQs in the spot Selling selling selling selling something we got it. We capture the move. We got the downside move We were ready in punts and they went, okay? So again, think about it shorting really will give you a niche many people don't know how to do it It's about getting a high win ratio for the trades that you take because again Not everything's gonna work and then you want to have some trades that are really really big trades That will cover the trades that don't work on your losses and then you still have good profits after the fact So again, this is a chart of the overall market here of the QQQs. We're just gonna look at it I didn't see exactly where we closed today My guess is we closed similar to where this was so today. We really didn't go anywhere in the market We're probably gonna wait to go somewhere tomorrow because a 10 a and we have a consumer confidence I'm really the big number tomorrow That is gonna affect the market I do not know what the number is and I don't know how the market reacts, okay But this was the bar that I was talking about right here So you see this big bar. This is a nice big bearish bar So I called this to fail because it was a gap up was a gap up that sold off and failed I called that in the trading room, but anyways, it could have worked higher. This could have moved higher This could have got bought it could have went up. We back in here This is back in July back in June back at the end Well the middle of the summer I guess it was the market Looked like it was gonna continue and make brandy long-time highs any second any day soon Could have done it by the end of this the summer actually could have done it by now, but it didn't do it Okay, so again this would have been a perfect perfect perfect place for people to come in and buy the market and support the market But guess what it did not happen. It did not happen and the market sold off and we captured that move again in put okay, which is essentially a short and To the downside, okay And again any questions you can feel free to Drop it in the room and I will see as we go along. So how do you make good choices? You have to think through your choices Why do I want to do this? I want to do this because I think it's going to move lower Why I want to do this because I think it's gonna move higher. Why you you know You have to make good choices. If you're risking two thousand dollars on a trade. Why can you afford to lose the 2000 are you gonna do five trades that day and risk two thousand and risk ten grand? Is that what you want to do? You know, you have to think things through some days. I call a lot of options trades Not every day, but some days I do You may not be able to do them all and if you do and they don't all go the day that I call them Do you want to hold all those trades overnight? I always tell people to start slow because it's the options newsletter I have is a very active letter Okay, and not every trade goes the second that I call it you may have to hold it a day or two So it's about finding quality trades Thinking about what you're doing making good choices. And for me, it's about using a proven system But it's the how what and when how do you make money in the market? You have to trade a strategy in a system that's profitable and you need a strategy Because if you don't have one then how are you making trade decisions? Like I said make good choices my system looks for gas but particularly looking for momentum in the gap to see that the momentum will follow Through in the direction of the gap for example if the stock gaps down I'm always looking to short it if a stock gaps up. I'm rating it to go long I may or may not go long and I may or may not short it. I'm not shorting every gap down I Rated based on my point rating system that tells me that it's going to rate To short or not to short Okay, and I'm looking for 20 points or more if I don't find one that I don't do anything Actually, we didn't do anything today We didn't know day trades today, and I didn't know new options today and the market went nowhere today So that was a good decision So we didn't have any good, you know earnings gaps or news gaps and the market was had a sideways day So I'm always looking for quality now When do I do them early in the morning early in the morning when they set up and trigger so for me? I want to make money and I want to make money as quickly as possible So I don't have to worry about the wiggles and jiggles of the market and particularly so I don't have to worry about Economic data coming out the Fed talking news a plane crash somebody saying something that could screw up my train If you're a 9 of a train in 5 minutes 10 minutes 15 minutes You don't care what happens at 12 o'clock or 2 o'clock for any of these other time frames And you can see then how if you hone in on a certain time frame and a certain thing every single day that you can do it and Again, like I said if you don't find it then you don't do it Now I'm gonna this is an options trade that I had called this was for the week of expiring the 18th I'm gonna go over the trade here and then I'm gonna go show you the chart But this was a really nice call this ironically this was not the biggest trade that we had this week We had a huge week trading options the week of the expiration of the 18th The market sold off beautifully and we were in trades early and we were ready in trades before the sell-off occurred So if you sign up for the newsletter when to join the newsletter comes out usually in the morning So this was around 10 a.m. I called the Tesla 235 puts it expired on the 18th I sent this trade out actually on the 15th So this was tight in the call because it had three days to go that was it It was very reasonably priced again. We're gonna look at Tesla in a minute 350 which is cheap for something of this You know cost You can take one contract you could have taken two and spent $700 this is an advanced trader risk You can take less you could take more. Okay risk was 87 50 sold at 20 You could have held this all the way into the last day, which is crazy, but it's true $41,250 you could have made this is taking the trade on the 15 This isn't holding this trade for 10 years. That's a hell of a lot of money to make in a trade Even with this kind of risk it was returning investment of 471 percent So a lot of times people say well, I don't have enough money to trade If you did this trade with three contracts and risk an average of a thousand dollars You could have made almost five grand So the reality is no you don't have to have a big account to do options at all You do not need to not a margin account to do options and every once in a blue moon I will call a trade like this. I don't call trades like this every day I don't even call trades like this every week, but I call enough of them to make it worthwhile to be on my newsletter This was an awesome call. It's the my ability to be able to read gaps So again, take whatever money you have and use it wisely Yeah, I always have this repeat because they're like, oh my god I have to trade this thing that thing because I have a small account if you have a small account people say Well, I'm doing futures right now because why because you get a crazy leverage with futures If you have a small account, it doesn't mean you should be doing futures. That makes no sense You can't get big enough moves in futures like you would never get these kind of moves in futures With this type of accuracy Stocks have big moves. The market has big moves You can make a lot of money doing options, but you have to get it right You have to get number one the direction right, but you also have to get the timing right Because options is about timing you can do something the same day that it expires and make money If you get the timing right now, I don't call them that close I always give myself the Friday cushion of the expiration But there are daily options in the queues in the spine now that you could do as what would be effectively like a day trade If I call to put for example in the spine now, let's take a look at this Tuesday the 15th This feels like a long time ago now as I'm looking here. Okay. Here we go This was Tesla. Oh I cut this off here, but you can see Closed here gap down. We got this drop I don't know if you can see here right where this was like I cut this off here when I was taking a Copy of the slide, but you can see where the strike was there So again, we're looking for in a putt. Okay, which this is a putt the gap down fell closed gap down again Rallying Closed gap done again felt boom and again. This is crazy, but she could have held it the last day That was just a beautiful Beautiful beautiful beautiful sell-off. We also did Well, I had called this the week before for the expiration the 18th. I saw Tesla was already falling I called the 240s And it's funny looking at this now the one on the 235 which actually because the cost was less was actually a better return An investment, but I called Thursday the 10th. I saw the Tesla was falling called the trade This was in the middle of the afternoon 130 up here Day I sent the trade out was the 10th. This is not all the time that I set an afternoon trade But I did let's go look at that the 10th. Oh Here Closed here gap down rallying. This was good timing. So I called it as it was starting to break I waited that's why I didn't do it right out of the game because it's rallyed first Then I waited then it started to retrace then I saw we're gonna gap down the next day Then we did then we did Yeah, that was the 10th Anyways still very very inexpensive at four dollars for one So you could have bought one Okay, so if you bought one contract and spent four hundred dollars, how much money could you've made? $1,600 with four hundred bucks So again, you know Trading options is a way to trade Trade my method without having to have an options account This was another one on Tuesday the 15th sent out the morning at 10.09 I think this is the same close to the same time I sent out the Tesla again This is a QQQ put type is down here. This is a letter if you get it 362 strength again It expired the 18th. This was super duper super duper super duper cheap It was almost unbelievable how cheap it was actually cost was 90 cents. Can you take this much volume? Yes, you could take so much volume in these 9,000 risk 675. What if you took one? What if you took one contract? Again, you still could have made six hundred and fifty percent. This was an insane This was an insane market call to see it would do it. Let's go back and look at the chart here The 15th was here. That was the 362 closed here gap down fell dropped See it So again, we were talking about shorting. We were talking about momentum. We were talking about speed Okay, this is quick. This is fast. This is momentum Okay So that was the week expiring the 18th in the market But how did I know that the queues are gonna fall because I've rated the gaps and then I played it You can play it as an option. You can play it as a day tree You can play it however you want to play it whoever it makes sense to you This was ridiculously cheap though But we were in these really really really really early and again the bias at the day that I called these Okay, the day that this started to go in here You know again This is August 15th. We're getting into it's almost two weeks ago. It was Thursday to the 31st Long story short, you know, this was dirt dirt dirt dirt cheap because it was before all of this happened before all of this happened and Actually, you know people were thinking that the market was higher there It was just good timing You know again, you get the timing right at an option It makes all the difference in the world not just the cost that you pay But then you have some wiggle room where you can make a decision if you want to hold something get out of something You didn't have to hold the trade You could have got out of half the trade for example the first day the second day If you take two contracts get out of one hold another one you could chunk it out Could have done day trades could have done options But anyways, if you don't have a consistent strategy to trade You are looking at that and you are not knowing what to do with it and even right now even today Even since Thursday people have no idea what to do with this market We fell Friday bounced rally gap today and didn't go anywhere at all. Are we higher? Are we lower if you don't know what to do? You're thoroughly confused and again if you're confused and don't know what to do The answer is don't trade. I had somebody email me the other day that they're losing Simple then stop stop trading take a break. Don't do anything watch You're like if you really don't have a strategy if you really don't know what to do if you're really losing money the market Why are you doing it every day? It's the market isn't going anywhere take your time take your time and try to figure it out or come to me and learn because You're just gonna keep leading money. It's like You're not helping yourself if you're not accepting the reality, which is that you could say it's not it's not a crime If you say oh my god, I have no idea what I'm doing. I really don't I Don't get this thing. That's not a crime and no one should be ashamed of that Again, it took me three years of my life to figure out what I know now It sounds like oh three years is nothing. It was hell in a hand bucket Three years was a long time trading every day losing money back and forth It was I had no idea when I was gonna make it and I kept going I lost a lot of money I think wasn't training on a demo was trading my own life harder and cash and then I was working a full-time job in the Side outside of that. So it's you may say think three years. It's nothing. No, it was a hell of a three years It was a long time You know So you have to think about What's you're doing and it's no crime to say I really don't know what I'm doing and I actually do need help Because I don't know what I'm doing and I have to figure it out. I know this isn't easy. That's okay Sometimes the first step to moving forward to success is realizing that you don't know everything and that you can get help Any questions here so far Anyways, there's a lot of money to be made to the market if you know how to train We talked about that before when I was talking about the TV show Billions and it's fun and it's fun to Think about all the money you can make but it's not fun losing. Okay now How much do you need you need to know if you Have the money to trade a margin account or if you need to set up an options account you need to know How many trades you could take a day you need a plan of action You need to know what are your goals? How much money do you want to make per week? I already told you if you want to make five hundred dollars a day You have to minimum be risking five hundred dollars per trade or a thousand okay and Then of course you have to know what types of trades you can do whether you can do margin trades or options trades Now there's something called prop accounts where you can set up a prop account with less than 25,000 and You can day trade on margin There are many places out there where you could do that and you can open up an options account anywhere that allows you to open Up an options account Now one of the reasons that I like to do day trades And I also like to do options is because I get in the quick trades in the day trades in and out Sometimes very very quickly and I can be more nimble when I'm doing an option I am tend to hold options a wee bit longer for sure than I ever do my day trades Now those particular days that I just told you about the 60 the 15th and the 16th when we were short We also did the market. So this was on the 16th I know this is really really small, but this is the QQQ remember This was the 15th or showed you call the options called the puts then we got down the next day Again, so the original put was more profitable the second day and then we day traded it and then we drained day traded this in the room and this may look like Nothing much at all, but it actually was enough to make money and again one of the reasons I like to do day trades is I can be very nimble nimble in my trades Whereas I can't quite be as nimble with options So the entry for this and again if you don't want to take a large position You could take a small position you could take a hundred shares of the Q's you could take 200 shares 500 shares the Q's are pricey if you don't want to day trade the Q's you can buy a put For example, you could have bought the 365 puts Okay, that expired this day because they have the dailies now When I did this day trade if you didn't want to do it a margin But I did and I call this trade of the room 365 50 I add it at 85 And then the average price was 365 67, which was a really good price. This had a beautiful drop Again, I'm trying to pull a dollar out of it a dollar or more and I got it So again, this doesn't look like much But it actually was a really really nice day trade and we were ready in the puts Okay, so you could have done the put here and held it got out boom could have done the put here You could have held it. Why wasn't doing anything wrong? It was already going It was fine Okay, and then we did the day trade Then I also did we were talking about the 15th We did the spy again, if you do not want to do this on margin, this was a day trade in the room for 4605 I added at 445 16 my average price was 445 82 This was a huge trade now if you didn't want to do this because this is expensive You could have bought puts, okay? Again, I do put some the spy too, but you could have done this day trade as a put that expired on the 15th Is what I'm saying here was the 15th. We shorted this as a day trade closed here gap down dropped boom fell out done So again, as I was saying, this is something new since the beginning of the year where they have daily explorations This was a trade on margin You could take a hundred shares of this you don't have to take this size But it is very expensive to do The etfs of the market right now because of the cost of them as a margin trades. I get it But it was very very profitable. Okay So again, you know, it's how you want to do it if you're in the room and I'm calling the trade Now this whole time I've been talking about shorting because of the whole idea of panic and getting fast trades But again, going back to what I was saying about apple. There's no sense of urgency in buying apple at all It's like, you know, you're like, okay. Well, maybe I'll buy it. Maybe I'll buy today. Maybe I'll buy it next year But if you're in a stock and it's dropping and it's fine off a cliff Well, that's a different story then you might actually have some panic involved And so again, what are you doing? You're shorting You're shorting. Okay to get the drop When you're when you're taking the position and again, you can buy a put And sell the put or you can short it as a day trade But everything that I'm doing I'm looking at power money Power money in the market is created by institutions who set the tone for stocks move in the day the day like last thursday Again, great example The market sold off like a hot cake. It just did. We had a huge massive red bar And if you become a specialist like you wouldn't you wouldn't make any money if you were long thursday You had to be short and if you weren't you missed out If you become a specialist in defining what institutions are buying or selling you will have a huge advantage in your trading And again, many day traders prefer for some reason. I do not know they prefer to go long It sounds like something that I don't know makes more sense to people but the fact is shorting makes Huge sense. It makes just as much sense as going long I just choose to short because it goes the trades go faster and also because I have an inch doing it But I will go long. I'll make money going long. You can make money doing both directions But I'm telling you that you get a niche if you learn how to short as a retail trader as one individual Because you're not running a hedge fund because many day traders do not know how to short Or they're not put at short either not experts in shorting or buying puts And we're buying a crazy amount of puts this year I mean, I I won't go long I consider going long to video, but I didn't do it. I'm glad The video gapped up in the earnings and failed the video failed today actually So power money sets the trend makes the trend and changes the trend in charts If you're not trading the side of power money in the market You'll have a hard time seeing lasting and consistent success in your trading because you're going to be trading for scraps You're going to be basically scalping 10 pennies here five pennies here 20 cents there And again, you're going to lose in some trades. So then you're never going to really get ahead You're never really going to get ahead that you can get serious about doing it where you could feel like You could rely on this as something that could be your income or it could be something you do in the side of retirement You know I people in the room they're retired But they're trading they still have money coming in in retirement Which is great right now because social security doesn't pay hardly anything at all It's people cannot subsist anymore just on social security alone They need their retirement accounts. They need part-time jobs And trading is a way to make money Anyways institutional money is in charge of the market and stocks at all time Even if you think it's not it is So tessa, we are waiting. I did not look and see where this closed today. If anyone wants to let me know where it closes. You can This was today So tessa gapped up today fell fell to the market again. I didn't look at what time this closed I clipped this here. It looks like it was 3 30 in the afternoon So this closed red. I'm sure it closed red wherever closed red. We'll see where it goes tomorrow Institutional money has been selling Selling tessa shorting tessa They haven't been buying it Okay, again, could I one day go along this? Yes, but not right here. Okay Not right here not right this second Any questions as I'm going along here Luckily the phone didn't ring anymore I smell like I was screaming above the phone Anyway, it's getting back to Being a day trader. You have to win more than you lose in this business It's the only way to move ahead. It's the only way to consistently make profits. And guess what you got to have some big ones Like the ones we had the week of the 18th. You got to have some biggies You have to win more than you lose and you got to have big ones. And how do I do it? I use my rainy system. Again, this is not rocket science It's just that you don't know unless you do my class what I'm looking for So, you know, the genius of my system is that I'm figuring it out. I'm predicting where a stock in the market is going to go Way before the stock even opens. I'm not predicting the gap. I'm predicting where it's going to go after 9 30 eastern time Why I'm seeing the gap in the morning or I'm seeing the gap at night We're probably not gapping at all tonight because the market really went nowhere But there are we're probably we'll gap somewhere tomorrow morning. We could be up. We could be down We could be up and fail. We could be up and rally. We could be down and fail. We could be down and drop I don't know until I see the gap But the genius of my system is I can see the gap in the morning in the pre-market and read it and then make the prediction to Take a trade, but I'm still not taking a trade until after 9 30. I do not trade In the pre market That's what I'm doing the work Make sense Now I'm measuring gaps by rating them at the daily chart to find stocks to trade that have Number one high probability of directional bias for the entire day. Hopefully Mar-Vell fell all day Again, we're gonna go over that trade. It had a big move It fell all day had the early confirmation. I'm looking for early confirmation between 9 30 and 10 preferably And then precise entries with follow-through and a good risk-to-reward target potential because I'm always trying to make as Much money as I possibly can with the money that I'm making now. I could have held Mar-Vell longer I didn't I wanted to get out quick. It was a Friday. I did not know what the market was going to do because the Fed was talking So I wanted to get out before then But I could have made more there every once in a while. We'll have a lower the day exit in a short But not all the time. I'm trying to get the momentum though It's consistent trade selection correct trade selection correct decisions make good decisions It's like if someone said to me I live in New York City. I live in Manhattan If someone said melissa You want to take a you know get on the train at two o'clock in the morning? You know and go downtown or uptown or anywhere at all in the city. I'd say are you kidding me? I wouldn't do that even if I was carrying mace and no money whatsoever at all. I wouldn't do it That would be a bad decision. Okay. So the whole idea is you want to make good decisions You know, don't put yourself in a predicament where you're making bad decisions Everybody here is an adult you know Once you get past a certain age, whatever it is 21, you know, whatever As you get older you learn through life experiences But the older we get we should be making good decisions You should be making better decisions about trading right now Then you did six months ago. You should be making better decisions about your money right now Then you did a year ago and come, you know, october 2023 Two months from now, you should be making better decisions about your trades and better decisions about money It's the idea of progress Clining up the mountain getting somewhere evolving Getting smarter about all the things that you're seeing in the market and seeing in life Don't continue to make the same mistakes. But the problem is people get in these if you just see my my arrow here People get in like a like a hurricane almost And it's in their mind They just go around and around and it spins round and round and then they the hurricane just keeps going And people never get out of the hurricane So again, you know, your mind can really warp your whole progress if you're seeing things at a very very negative light You can get out of the habits that you're that you're doing like making poor choices If you know you're making poor choices You can change that habit and you can start to make better choices If you if you're in denial that you're making poor choices. Well, that's that's a whole another thing I mean, that's like and there's people that are you know, and they just keep losing and they're in total denial That what they're doing isn't working. They said this is going to work. This is going to work Didn't work the last 365 days, but it's going to work tomorrow. Okay You see, you know being in denial isn't helping you either But making money trading it's about correct trade selection It's about getting the directional bias consistently right to know what direction take the trade Now, why is it sometimes difficult for people because they can't see it They don't see it people never saw in a million years. We were going to fall on thursday But again, they're looking at the wrong stuff Trading successfully means focusing on taking trades with institutions and being on the side of institutions will increase your odds to make profits Because institutions make stock trends and move the market and institutions move stocks either up or down That's the only two directions you got You can go up. You can go down and the key is to be with that movement. It's buying or selling If you're trading with institutions, not only are you on the side of momentum You're also guaranteed to get The a big move because they usually take, you know volume large positions, which is good And then of course you want the speed we want big ones fast ones Okay, and then it's up to you whether you want to hold it or get out quickly Again, my rating system looks at 26 points in the daily chart of a stock. The rating system is a checklist The checklist tells you what to look for in the price of the stock to read the correct Direction and it tells you where the money is flowing Is it moving this stock up? Is it moving this stock down? And why does it matter because you're if you're in their own direction, you're not going to make money You just won't And and again, many people don't know what to look for to predict where that's going So what do you need to make trading work? Number one a strategy. This was the Mar-Vell. This was the Mar-Vell that we did on Friday So stock close here gap down Boom, this was a 25th. We shorted it. We got in we got out. We also did a put Was a good little put you could have got in and out boom You could still be in it. I'm not because I wanted to book some money on friday But you could still be in this put actually So we shorted it here as a day trade at 54 10 boom Try to pull a dollar out of it. That was my go exit at 53 20. It kept going may 22 50 Going back to this you see where this went take it over. This came down at 52 So I could have held it for another dollar I wanted to get out before the fed talked at 10 So that's why I didn't hold that But that was a nice trade And again, that was a short That also was a gap on earnings Okay So how did I know Mar-Vell would fall? Because I got up in the morning early and I rated it So you need a system A you need a system to follow with rules Okay rules mean rules. You're not making up as you go along again. That's another problem people have What are my rules again? I created the rules, but I still have to follow them If I can't follow the rules I set for myself. What's the point? I make the rules I set the rules and I follow my own rules and I'm okay with that I only trade gaps and meet the criteria 20 points or more if there's none I don't trade I didn't trade today. I did nothing take the gap in the direction of the gap long or short If it meets the criteria in my system and no deviation like I said, I did not do anything today Follow the rules. Not all gaps are good. They must meet the criteria. That's the again what I'm Always focused on trying to find So here was the one minute on Mar-Vell You also need a method and a structure to enter the trade like where are you getting in? Where are you getting out stack close to your gap down? We got in and I got out of this pretty quickly into this drop in here Now like I said down in here it fell fell fell into the afternoon into their early afternoon I did not hold it, but this is a one-minute chart So you also need a method and structure to enter the pit and exit the pit And then of course you have to size yourself right too But the time of the day is just such a big factor for me particularly For the day trades and and again, I like to short But number four what else do you need to be successful? You don't have goals. You can't say well, whatever I make today Whatever I make tomorrow No, you have to have goals. My goal is this much per week I think making weekly goals is good because like I said today I didn't trade So I'm not going to try to make double tomorrow. I said this is how much I want to make a week I might do two trades tomorrow might do two Wednesday Might do one tomorrow this huge So you have an average goal per week. It's called a risk unit Should be based on the size of your account your risk on every trade should be the same or close to the same And that's the case where they do an option or where they do a day trade Now I risk more of my options, but you could risk the same on both But again, I also use stops or limit order stops on my day trades because if you don't have a stop And you essentially have unlimited risk For me though, it's always trying to stick with one thing We did more bell putts. We shorted more bells a day trade Okay So again Some days you will not do any trades. I told you I didn't today didn't mean nothing met my criteria But it's better than losing you have to know when to step back It's not going to kill you if you don't take a trade one day Because trust me, I've been doing this long enough that the next day you may have a big one You're going to dig yourself a hole if you start to trade things that don't work and don't make sense Shopping at the bit today was not a day to do anything in the market The market didn't go anywhere and there wasn't any specific things to do If you rely on the system and you believe in the system and you conviction the system and understand it The system will tell you what to do the system will tell you when you can trade or when you cannot trade So again, I always get this question. How much money can you make? People always think this idea of making, you know, a thousand dollars a day is like their dream amount of money You know You should have bigger goals in this to be honest with you A thousand dollars a day Really isn't that much when you look at the way i'm calling some of these trades It's just if you're not making any money at all This seems like an insane amount of money because you've been losing for umpteen years So you don't have to run out and make a thousand dollars a day right away Just start being consistently profitable even if you have a small account 200 200 200 200 250 dollars a day 200 200 whatever you make a thousand dollars a week for a month And you've got four grand And last month you might have lost four grand Or made nothing break even So again, it's the consistently the consistency that people lack And sometimes I think people just don't even have big enough goals It's you can have big goals, but until you understand what to do, you're not going to make any goals You're not going to make a thousand dollars a day You're not going to make a thousand dollars a week and you're not going to make a thousand dollars a month So until you know what to do, it doesn't even matter. Do you know what i'm saying? That money will come once you understand what to do It's all the money in the world is there once you understand what to do But like I was saying for me that morning time period is so key and it's the prep work in the morning It's seen it out of the gate and it and it's doing it I have more bell here. This isn't actually more bell. This is dks I wanted to show you another trade that we did here again taking trades quick in and out This is another one. This is dks. We did this the day before Stop close to your gap down. We shorted it. I did not do a put in this I actually don't even know what the volume was in the puts in this But I didn't anticipate this to go as big as it did So I did not do an option in this what you could have If there was volume in this options chain, it was dicks sporting goods This was an earnings gap and it collapsed. I didn't do an option in it I did a day trade in it. It was a great trade But again, if you're in the room and you don't want to do a day trade You could do an option in it even if I don't call it So, you know, what what are we going to get tomorrow? What are we going to get this week? I don't know. We're at the end of burning season. There's lots and lots of retailers out Stores that report. I think bby is tomorrow morning for one thing I don't enter anything until after I see it And I have to get the setup and I also have to get the gap rating Any questions here as I'm going along Any questions any comments from anyone? I do see some new people Now what helps with successful profits money management? Like I said, you have to assess your risk You have to use stops and don't be afraid to take a stop I mean if you take a stop What's going to happen you'll lose you could take another trade. No one says you only have to take one trade today You could take two trades in it Sometimes I do a retake. I take a trade to get stopped. Then I take it again Okay, that's better than letting your account just run them up And then you have all this huge loss and then takes you four trades to come back to break even So I use stops. In fact, I've always used stops since I've started trading And if I'm in a day trade and I'm not up and I didn't get out and I'm down but not stopped out I'll kill it with the loss before four o'clock. I don't hold it over a night into a swing trade Just so you know Anyways be deliberate in your trading choices I'm very much like this if you've ever heard me trade If you've ever listened to my trading videos on youtube, which I put up sometimes a room up there if you've ever been in the room You know, I'm very uh I either love it or I hate it or I do it or I don't that's that conviction. It's my personality It's me wanting to risk my own money or saying no, this is not worth it. I don't want to do this This is stupid and again why we didn't do anything today Didn't like anything thought the market was gapping up and could fail. I was right. Do we fall off a cliff today though? No So it was you know, there was nothing to do today proper education helps you If you don't have the proper education You're not going to do well And and the problem is again many people have been trying to trade for years and they just don't know what to do And they're taking classes and they haven't made money and so they feel like nothing's going to work But that's simply not true Um, you know, I tell this story all the time because I moved it's crazy. I moved almost a year ago It's almost a year I've been here. I looked at so many apartments. I started. I was like a realtor I was better than the realtors actually I was literally you know, like going to these apartments and I knew more about these apartments than the real estate agents did I mean, I had seen so many apartment apartments I had studied so much real estate and looked at so many different buildings by the time I found the place I'm in right now You know, again, I could have very very very very very easily just given up and said I'm never going to find a place This is crazy. I've seen so many places. I've been looking for so long. I'm never going to find it But I didn't so if that's you if you're like, oh my god, I'm never going to learn anything I'm never going to I'm never going to get a system that works. I've done so many classes I've spent so much money. It's never going to come together That type of negative thinking you're just working against yourself You already have a problem with other people in the market that are working against you that want your money If you're going to work against yourself and strangers are going to work against yourself Then who is working for you? No one And other people are perfectly happy To take your money that are trading Does this make sense? So think about what I'm saying, you know, you have to be your own best advocate You have to be your own cheerleader, you know when I was out with these real estate agents I mean, they just wanted to sell me an apartment Everyone that I went And what was so funny is many of them didn't even know anything about the building Didn't even know anything about the apartments didn't know the fees didn't know this didn't know that You know, I mean, they they were really not qualified to even be selling apartments Any questions any comments? I am talking about My apartment. I am sitting here right now And I am watching of the red-tailed hawk Fly right in front of me as I'm talking to you I mean, I think I for those who have been following me. I put pictures of this hawk He's he lives on the top of my roof And he is flying right over me now as I'm talking. It is beautiful. He is huge You know, it's I never thought I was a nature person until I moved where I moved I mean, sometimes life can really really really surprise you And you know how I can tell it's the hawk versus other birds because they just glide The hawks don't flap flap flap their wings. They just circle a circle circle glide So he is looking for his dinner right now as I'm talking to you Um, does the training help the newbie set up the correct amount? Correct amount. What do you mean correct amount? Do you mean how much you should be risking for train or what do you mean? Well, if you don't mean how much to risk for trade, I don't know what you mean But if that's what you mean, if you come to me and say melissa I have $10,000 and an account I'm going to use your system to do options. How much do you think I should risk per train? Or per day melissa? I would say no the more than $500 In a position at one time and if you want to do two at once maybe 250 And I would say if you want to do four trains at 250 a piece or two trades at $500 a piece I would say that's a lot That's a lot, but you could do it and that would probably be the maximum If that gives you some kind of an idea now if you are someone that has a margin account at a prop place Look at you 10 to 1 margin with 10,000 you'd have 100,000 in buying power Again similar I would say no more than 500 in the day trades Per day and you could do two at the max, but you're not going to need two trains a day Like we did more val that was it we were done So again, even if you said I will allow myself two trades a day It doesn't mean you're going to use two trades a day like so if I take a trade. I make money. I'm done. I'm out I'm finished. I don't trade trade trade trade trade trade. Do you know what I mean? So if you make the allotment and you set your maximums limits But it doesn't mean you're sucking it all up every day If your job is to trade and your job is to make $300 a day or $400 a day or $500 a day As soon as you have fixed that job and you've accomplished that job, then you are then you're done. You're shutting it down You're not just going to keep trading trading trading all day Make sense So getting back to what I was saying Create a planet What if you're like, well, I can't receive how I want to make the amount I want Okay, so then then what are you gonna do give up? That's crazy. Get to the next point Get everybody wants more than they have Everyone wants more than they have trust me. I'm living New York City It's like every there's always something else. There's always something more It's just there's always something bigger. Okay. I get it. I get it. But you have to say I'm happy where I'm at This is fun. This is enjoyable. I feel like I'm making some progress I actually feel like this has been worth all the years that I've been trying to do this thing Like I actually feel like I might get somewhere with this now like yay, you know And you're starting to feel good about it. Sometimes that's just as important as the money You know, I mean, it's just it's the learning process It's that the enjoyment of the process of learning and sometimes that's That's as enjoyable as anything else, you know It's like when you have a project that you have to take on and you know It's going to be a lot of work and it's going to cost a lot of money And you know that going into it and there's no way to accomplish that goal until you do it You've got two choices. You can bitch a complaint and whine about doing all the work and everything you have to do Or you can say I'm going to enjoy this process And I'm going to be better off for it I'm going to throw myself into this thing and I'm going to make it as enjoyable as I can You know make the learning enjoyable The the hard work the tough work I'm trying to think of an example of something You know like to even Give an example like a another story that I could think of Anyways getting back to what I was saying here The golden gap course teaches us one solid strategy to trade gaps effectively by reading the side of power and charts The course teaches how to read support and resistance to take profits in the right direction The course teaches a more proficient and advanced way to read charts focusing on technical analysis and gaps And the course teaches how to get conviction in your trading in the market as a source of wealth by trading with the side of power for consistent profit Actually, I am going to use because I just saw the hockey disappeared. I think you went up on the roof When I saw him This was two weeks ago It was on a Tuesday night because the weather was it's gotten a little bit colder now He died bombed down It was around this time of the night. Actually he died bombed down Straight off the roof just And I ran up to the window. I watched him basically plummet into a tree. He went there to eat something He dove off their uh hawks have sight like I don't know they can see like I don't know how many hundred yards They can see so they can see their Food that they're going to go get he died bombed down off of it right into the tree To get whatever he was going to eat That's how you have to be to get a trade You know, you can't be like You have to be like like that Again, that doesn't mean full throttle with risk. It means You believe a hundred percent that you're going to catch that rat And you're going to devour that rat and for you it's grabbing the train momentum Taking the position before the big move comes in and devouring it And getting the money and capturing it before it's gone Before the rat runs off on another branch and he's gone and you don't have dinner that night And that's like how you have to be with trains You know, it's it's you have limited time You only have six and a half hours and you only have five days a week. Okay So you have to die bombed down off the roof like the hawk No ifs ands or buts and if you're honest with yourself when you think about yourself the last time You took a trade like that where you had a hundred percent conviction in it and you thought This is going to work a hundred percent. When was the last time you thought that? That's how I trade every day How do I get myself to that place in my head to act like that with my Body and take the trade and take the risk and think like that. I've been doing this a long time I've been doing this a long time So again, you have to train yourself to do it You have to train yourself to think like that and act like that and it's it's no hesitation because again If you have hesitation and if you're like You know, then you're then then it's gone the more bell drops. You're getting a terrible exit. I'm a terrible injury You know, 80 of the movies over you're scalping it If you're think think think think think, you know, you're unsure of yourself We don't know what to do. That's how a lot of people train. They don't even take trades till after 10 a.m Anyways, you have to start somewhere. So get a plan of action in place. Yes It should be based on the size of your account, but that's okay. That's like anyone You have to start somewhere You have to be consistently profitable as a trader if you want to make it and if you're not consistently profitable You do not have the right plan of action in place You have to make a thousand dollars a month before you can make two thousand a month You have to make three thousand a month before you can make six and so on and so forth And so on and so forth. So trading isn't winning the lottery You have to be very very focused on what you're doing Take it get in get out Again, the hawk the hawk is a good example of that how he just dove right down to get that I don't know if he was getting a rat or if he was getting a squirrel Or and sometimes they actually end up eating pigeons But he went he died bombed down off the roof and that's how I am and then we're getting the one minute chart Sometimes i'm in something like that Five minutes boom i'm in and out And that's it i'm done And then you have the rest of the day to yourself But anyways, it's about quality. You cannot lose a lot if you want to make up money It it doesn't matter how much again It just doesn't even matter and and I and I use these numbers because people always ask for these numbers But you know again 20 grand a month look at today's inflation. Look at how much things cost If you are buying food grocery bills have doubled They're like it's like double So I mean what whatever you need to make to make ends meet now is a hell of a lot more money than it was a year ago Or two years ago, so don't put a cap on it You know if you said all you know Get it down learn it Get in a groove with it get in a pattern get in a habit get in get to be consistent Prove yourself you can do it. Yeah, and and do it Okay, with no hesitation focus on the quality and then even like days like today prove yourself You can not do something one day instead of you know Always feeling like you have to do something because if you don't make $50 today, you won't make your goal No If you're wearing stocks that moved and had big moves You wouldn't have to be chomping at the bit all the time to do stuff on crappy days If you went along the market today, you watched if you showed the market today You watched there was no trade to do today at all You'll make more on the days when trades are good The problem is a lot of times people don't can't don't even know what a good trade is when they see it You know Anyways, put a plan of action in place number one trade only golden gaps come take my class learn it Follow the system follow me in the room. Don't do any don't do anything. I don't do If I don't train you don't trade if I take a train in the room, you're doing it. That's it Boom as long as you can be there get the best entry you can with precision in the morning to get a good risk to reward one to one And that's not crazy That's really not crazy Create a money manage and plan for yourself to achieve the amount of money you want 20 grand a month 40 grand a month five Anything As long as you could say, you know what you should do you can say, okay I'm going to take Melissa's class I'm going to start trading with her I got four more months left in the year between now and january 1st I want to have this much money. You could say I'm not taking any money out of my account at all I'm I want to have this much money in my account of money that I made trading by january 1 You could make like that's a plan right there. That's a plan of action you could say And that's a good plan Maybe you're trying to get up to a margin account size of the 25 000 and you have a small account now And you want to do the margin trades Anyways be in the live room because in the live room I say things that Just come out of my mouth. So a week ago monday I said the market's going to have a big red bar. It's coming And then it was thursday I didn't know when we're going to have it But I taught I taught the last class that weekend and I saw it in the chart and I said, oh, we're going to have a big red bar Soon I said And then I said it in the room on monday and then we had a thursday So I wished it was earlier in the week, but it was thursday And that was that But you know again It's it's reading Reading the charts a technical analysis getting good at the technical analysis year over year over year You know you take my class 10 years from now. You're doing this for 10 years. You're going to be in such a different place You know, it's so hard for people to fathom and conceive because Because we're like, oh my god one year two years. How much it's like no I mean if you've been trading for umpteen years and you're not getting anywhere and you're losing What's wrong with investing one year of your life? Or four months of your life or whatever if you knew that you could achieve your goals and get where you want to be So if you want to take my class, it's called the golden gap course The golden gap course teaches a 26 point rating system to find the best stock to trade each day The course teaches what direction to play the stock It also teaches you how to play the stock on the live day and take the entries and exits the class teaches You how to read institutional positioning and stocks the golden gap course teaches you how to day trade gaps And you can also do the misoptions My reliability is in the rating system. So most options trades I do call in the pre market when i'm rating the gaps, but I will call some in the morning And occasionally i'll call a late one like I showed you what we did That one afternoon In fact on Thursday I called some late trades late meaning not before 9 30 a.m So, you know, you do them when you get them and How many you do is really up to you You can give yourself a chance to learn the income you desire But again, you have to start somewhere because it's really about working smarter not harder and Again, you can watch every single video on youtube and go to every single Uh trading room trial and you know, you can do anything in the world It's just like what's where's it going to get you if you just dive Yourself into it and say that's it. I want to do it. I'm going to get somewhere. I'm ready. I'm doing it You're going to be so much better off and you're going to get where you want to be quicker And you're going to feel better about what you're doing, which of course isn't is important like I said Um the I'm doing a labor day special try that includes the trading room and the options newsletter With the class for labor day, which is good till next one week. I'll talk about that at the end So normally the room is not part of the class, but you do have to Take the class to be a remember But I'm running a labor day special Which you can take advantage of for one week Anyways working smarter not harder is important. It's like if you said, okay, I'm going to exercise every day only of 30 minutes Well, if you're trying to lose weight and you want to do cardio run for 30 minutes Or do weights, you know, you gotta if you're like, oh my god, I only have 30 minutes You know, you could walk for an hour, but you don't have an hour run 20 minutes You wait for 10 minutes 15 minutes running 15 minute waits You'll get you'll be able to maximize your workout in that 30 minute period If that's all you have to give on a daily basis to exercise So, you know, you want to try to just think about what you're doing So you can be smarter. So you want 2024 To be a good year for you and I hate to say it because this is crazy Considering the fact that I can't even believe it's almost September. I can't believe I'm in my apartment almost a year But I am so I mean Start to plan now You've got to start to plan for 2024 now People always say, well, what's my learning curve? I'm gonna be Melissa. I don't know. I don't know you. I really don't know you individually. Some of you don't talk to before I you know, some of some people I don't have to talk to at all, you know It's it's just it's here it is it's summer. It's almost fall. It's going to be the holidays Start to plan now if you are going to have a learning curve Then get in start trading you can trade before the class You take the class Then you go through your ups and downs in the process This year 2023 and you get it all down pat and you You know, you figured out, okay, I see what she means here. I'm doing it. I did the class I have her questions and then you do it and then you go into 2024 and you're exactly exactly where you want to be And and and maybe that's what it is again some people pick it up really fast can pick it up in a week or Or or a weekend or a month But if you don't know how long it's going to take you to get it if you don't know your learning curve You know, I mean getting prepped and ready to go for 2024 now is not a bad idea It's really not So it's about how badly do you want it? I wanted it really badly. I really wanted to change careers. I did not like doing more just anymore I love the idea of making a lot of money in the market. I always knew that I could Um, and I just didn't know what I was doing when I started and it took me a long time to figure it out But I am so glad I did I just I was not going to quit till I figured it out I was not going to quit till I till I uh got it Um, I knew I wanted to do gaps. I knew I wanted to short I always had made a lot of money shorting when I had good trades before I figured it out I just didn't know why certain trades worked and why other ones didn't And that was the process for me of the three years of figuring it out in the chart in the gap, but You know, when I set my mind of a very goal oriented person I will put my mind on something and I will not get off of it until I've accomplished that thing It was the same way with me for finding an apartment and I'm so glad I did I I would be stuck in the same place I was living at And miserable miserable if I was still there if I was forced to sign another lease and stay Instead of finding someplace else because I was I was in a lease and I had a time frame And I had to make a decision and find something so It you know, I really really really did a great job finding this place. I'm very happy here. It's nature It's you know, even just like I said finding a different side of myself where I'm really enjoying central park But if you're not ready to really be willing to expand like your horizons about things in life If you're so clung on to fear the fear about risking money the fear about learning something new the fear about spending money for my class The fear about risking money in a trade doing something different doing something you never did before You know options are really really really really new for a lot of people or they're the way that I do options It's new for people many times. I'll take a trade the train could be completely down before it's up And then it could be up and it could be up a lot That's trading So, you know the way that I do things sometimes doesn't make sense to people unless you take the class If you take the class it all makes perfect sense Which is why I always encourage people to take the class Some people do some people don't you have to take the class to be on the run But you don't have to take the class to trade options with me. Some people are fine with that They trade options. They manage the trades Sometimes people kill trades and then they regret doing it But I think learning is so important again. You're empowering yourself to learn You're empowering yourself with the information so that no one can ever take it away from me It's a no one can ever take it away from you. It's in your head It's in your brain. Then you know how to do it So again, the golden gap course is the complete system to trade It's all the pieces of the puzzle that you'd ever need To be able to trade gaps. So this is what I do and again, we're shorting We're shorting. We're looking for gaps. It's a full two-day course in how to strategically find pick and play stocks at our professional bearish gaps The class is online. It can be anywhere in the world and take it So the next class is not from more than a month. September 30th and october 1st It's nine to five The class is 69 99 Everyone pays the same if you want to sign up email me now the labor day special is a great deal. Why two reasons One you can start trading already. You can start getting the trades tomorrow You sign up today. You can start getting the options trades now But this special is going on through labor day, but you could get in this week It gives you the trading room free to the end of 2024. That's huge. That's more than a year It's basically 16 months of the room and the newsletter free with the golden gap course combo. What's the combo It's the golden gap course and the trends. So it's september 30th october 1st and then october 3rd This is 74 99, which is a great price with tons and tons of things in here And you wouldn't even have to pay if you want to stay in the room or get the options until 2025 If you're like doing great and you're like, I love it. I want to stay you're making money You renew then in january 2025. That is a long time away So this is plenty of time for you to learn plenty of time for you to take your time and plenty of time for you to not feel rushed questions From anyone How are we doing? I love what I do I'm here if you have questions My email is melissa at thestockswish.com. I will write it in the room Bob, I see you here. Bob. How are you doing? I have not talked to you for a while. Bob. What's your story? Jeff, how are you doing? Troy, how long have you been following me? If you have any other questions, Troy, you can email me Jeff's doing okay No, you've been following me for eight years No He's serious enough. That sounds like a lot of people It was funny. Some guy emailed me the other day I don't I don't remember what he emailed me, but he gave me a compliment He said he loves my emails and then I looked him up. He's never done the class And I do creative email. Actually, my assistant does the emails, but I give my assistant a lot of the ideas Anyways, I try to make the emails fun where so many trading educational emails marketing emails are boring They're boring boring boring But anyways, um, I looked the guy up. He's been following me for 10 years 10 years and he never reached out Uh, Bob's doing fine. He's still trying Was happy with my transition to tv. Oh, that's nice So I'm taping The fox segment on thursday At fox studios with trials pain. It's going to be on live labor day. So it's taped show I always have to be careful what I say. So I don't say like it's thursday But anyways, I'm sure the general discussion is going to be markets I love doing tv and you know, what's interesting so many people have left new york now that I used to do tv with or just gone What's it's a different it's a different Different time than we live in again There's many many things on the internet and I and I could focus more on my youtube channel But I do like doing live tv or something about it. It's exciting Bob you can always email me If you have questions bob I think I emailed you bob like two or three weeks ago I said send me your phone number. I'll call you and then you didn't then you didn't send me your number You can always email me if you have questions Always I'm gonna say something else. I forget Bob don't be afraid to email me Bob's doing options So we'll see where we go this week. So next week's labor day week You know, I don't know if we go anywhere next week again Slow week of the holiday, but this week we have Some economic news coming out. We got the consumer confidence number tomorrow morning at 10 a.m And I don't think the market sits on its butt Like we did today all week In fact, let's see. I'm just going to take this off. Let's see how we did close today While we're here. Let me just look at this