 Yeah, thanks for thanks for being back. So Yeah, for any of you who are been here throughout the week Melissa was here Earlier in the week and did a presentation and it's now back for another one today. So Hold on just a second. Let me finish getting set up Monday feels like a year ago Yeah, yeah, that was just a couple of days ago Yeah, I have not had much sleep this week It's been it's been quite a week, but yeah, it's been a lot of a lot of good presentations though. So All right, I am all set up. So whenever you're ready, we can get started Well, welcome everyone and my name is Melissa Armell and I own a company called the stocks whoosh I started trading in 2008 which feels like a million years ago, too, but Here it is. It's 2021. We're into the third month of the year So we'll see where we go from now until I guess really even tomorrow because the market's falling today Unexpectedly in my opinion and we have an unemployment rate out tomorrow morning, which is a huge huge huge number So I'll be watching the market carefully But what I do is I watch gaps and I rank gaps in the morning I prefer to short but I do go long so I look for bullish gaps and bearish gaps I don't work from home So today's kind of the presentation is about working from home and how you can make money training and Specifically shorting gaps. So today we're gonna talk about shorts, which is a good topic since since the market is selling off as we speak So if you're someone that wants to make money in the market Shorting may be for you because short moves happen fast. Why because of panic Panic is happening right now as we speak pal is talking today and I don't have it on I didn't listen to what he said But whatever he was saying is creating now panic in the market, which is creating selling Okay, so the best shorts that you ever ever get sometimes you have shorts, but you also have sellers Okay, those are the best shorts that you ever have and if you're somebody that has the market bug that you have been Trying at this and going at it year over year over year trying to make a living trading You know once the market bug bits you it kind of has you and you never really quite give up So when I started out trading I really threw myself into it full throttle And I worked full-time doing mortgages that was my job And then I full-time traded to because I did mortgages in a different time zone So I was like West Coast East Coast when I did my job So I was really doing two full-time jobs until I figured out my system created my system and and Figured out how to make money in the market So it took me about three years to do it And I think a lot of people go back and forth do they want to do this to they not want to do this You know, I think you're better off just committing yourself from the outset that you want to do this And you want to be successful even if it ends up taking longer than you thought it was going to initially You're better off with the commitment level is high because you will continue forward so many people want to quit And the one thing I can guarantee you is if you quit you definitely will not make it So you're better off just continuing forward trying to learn new things Doing classes trading being as active as you possibly can with your other job Which again, I was and we're gonna talk about some morning trades. We did this week. I trade mostly in the morning That's when I look at the gap and the nice thing about trading the morning is you can trade in the morning And then you can get on with the rest of your day if you have to go to another job And specifically if you're in a different time zone, you know, like if you're on the West Coast you can trade in the morning and then Go and end up doing your job later in the day after you're done because we usually trade between 9 30 and 10 a.m. So if you don't have a lot of time to train if you have between 9 30 and 10 a.m. 10 15 Sometimes we're in stuff for an hour. That's really all you need to short In the morning quickly quickly quickly quickly and again sometimes we go long But those fast moves in the morning is what I'm looking for in the gap And I'm gonna explain what a gap is here in a minute for those of you that don't know But if you're looking for something to have more money coming in every month If you are currently working from home because of coven And you want to do something else or have the time to do a trading maybe for you and specifically like I'm saying gaps Because of the amount of time of the day isn't that much because the trades move fast and not only that the trades move big Okay, and we did we did Ross to yesterday. I have that trade in here. That was a short that had earnings That was a gap down It was a big move in fact it moved past the point that I even exited the train So sometimes you will have trades that go big and go to what I would call the dream target Okay, so if you've been thinking about trading, but you don't know where to start, you know This may be a place for you to consider it again working from home Having a strategy were done fast in the morning and then you can get on with your day Which a lot of people also find convenient not just because of coven, but even in normal life So how do you become successful? You need a strategy? You need to focus and you need a system Now the market's falling right now And I actually am not sure at this market and I'll tell you why and if we have time at the end I will bring up the market and we'll take a look at where we are once I'm done talking here But I didn't short the market because the market didn't have any gap that rated per my qualifications to short in the spy and the and the banks may brand new all-time highs In the last couple of days, so you know, I am very very strict with what I do with my strategy and I get up in the morning I look for my picks and if they rate well, I do them and if they don't I don't do them or I don't do anything at all so having that type of focus and a system to follow is Is the way that you can become successful because it is about consistency because you can't make money in the market long term Long term week over week month over month year over year unless you're consistent It does not mean that every trade that I take works. Sometimes I take losses Okay, but it means that more trades I take win than lose and that is what we're at with a level of consistency And that's where you need to be if overall you want to make it So the strategy that I do the strategy that I use every day is gaps Okay, and again, let's talk about what I get what is a gap a gap is a difference between the clothes in the open Simple that's it the US stock market closes every day at 4 o'clock and opens every morning at 9 30 a.m Between that time period after form before 9 30 in the morning the market has pre-market and post-market trading trades go off at night and They go off in the morning before the open that is where the gap is being created. I'm seeing that I'm not trading that after hours. Okay I'm not getting in positions and trading that after hours. It's a wild wild west for me But I'm analyzing that data and I'm looking at that data and I'm seeing that data and then I'm making trade choices to trade on the Live day using that data. Okay, so I'm entering trades after after 9 30 and after I see the gap So I'm not I'm not predicting that the gap is going to occur. I'm predicting where it's gonna go after I see the gap So again, what is the gap? This was back a chart of the spy back from the beginning of the week Just gonna go back here This seems like a long time ago based on where the market's trading right now, but the spy gapped up So what's a gap? It's a difference between the clothes in the open Here's where the market closed on Friday, then it gapped up So the market closed here at 380 gapped up here to 386 So the market had a a really big gap up actually overnight from Friday to Monday And on Monday, then we sold off rally got bought. Okay, so this is a bullish gap Now let's look for a bearish gap back over here. This was the end of January We had a bearish gap again This is in the spy market closed here gap down closed up here around 384 open down here in the morning around 382 ish and Fell so you could have shorted this gap in the market on the gap down You could have gone long this gap up here on Monday in the market that moved higher Okay, so anyways, you cannot short every gap down and you cannot go long every gap up So I devised a strategy to determine which gaps would follow through in the gap whether higher or lower because you can't always Do it in the right direction? So I devised a system to pinpoint which ones were good Here's a good example one over here. This was a gap up that sold off Okay, now I didn't short this because I get I'm looking to short bearish gaps like that guy there But here's a good example why you can't go long every gap up this closed here gapped up at this point We were at new highs then sold off Okay So you have to be very very very very very very picky with what you do Here's another example of a gap down that did not move lower Again, we didn't do this But I just want to show you why you can't short every gap down even this was a market here closed here gap down reversed That was back two weeks ago or three weeks ago Okay, right there in the 17th So I devised a way to pick what I call the good ones This was a good one to go long. This was a good one to short Are people asking questions? Let me see if I know how to do this question chat thing Where is the chat? Oh, there it is Okay, let me just see if people are asking questions here if the gap is already happened Is it already too late to trade in the same direction? No No, it's not It is not What I'm looking for is follow through in the gap, but no it's not too late to trade it Let's look at WMT. Actually, this is a good example here. Stephanie was asking is it too late to trade it? No here proof of this What happened here Walmart? We did this one. We did puts we shorted it Stock closed here gap down. So it closed up here the night before Okay, right around 147 and change boom gap down in the morning. I rated it open at 138 rally broke So we did a short in here as far as inequity trading we did puts fell off a planet In fact, I got out of this, you know early This went to the dream target, which was 130 it broke that I don't even know where this is at today This is probably selling off today for sure It's been selling off since the earnings and it's probably selling off today with the market this walmart So no, it's not too late. You want to get the confirmation that it is going to continue Okay, and again, I'm not trading that nighttime action And it would be too difficult to trade anyways because what happens in that period Is huge massive position sizes that are creating the gap in the first place. Look here This was at 147 this opened at 138. This is happening in a very short period of time I forget if walmart was at night or in the morning I I totally forget but whatever the period of time here is very very quick So it was a big move that happened quickly quickly quickly quickly So you don't even have time to do anything here if you even wanted to do it So what's the reason another reason to trade graphs a great risk to our payout? So you're looking to risk usually whatever amount you're looking to make one to one Okay, but sometimes you can make way more than that And we'll talk about some of those trades here today But it's the idea of playing momentum And you saw that there in the walmart and also you could take fast Fast trades and get out quickly, which is obviously ideal You would prefer to get out of trades quickly rather than have to deal with market volatility What's happening today what happened yesterday in the market and actually what happens It's monday is what I call volatility. What do I mean? I mean something is happening that is unexpected And that that's what volatility is it doesn't necessarily mean selling it could mean rallying too But whatever it is it's something that occurs and happens I don't know we're unexpected that people aren't expecting and that's how they get trapped in trades in the wrong direction Okay, so what I'm trying to look for is to read institutional money in the gap I'm reading it in the pre market in the post market and I'm reading in the day chart And I figured all out ahead of time Okay in the morning early I usually get up about you know 6 a.m But I sit down and start looking at the market at rating my gaps by 7 7 30 in the morning Now you need to give yourself at least one hour. I think to prepare to trade so at least 8 30 But I like to take my time and look at everything and again I'm I'm running live trading for money through friday. In fact, if you're interested in trial, you can email me To come tomorrow the last day of the week tonight. I'll be watching cost Costco has earnings tonight And gps has earnings tonight too. Will they gap? Probably Where will they gap? I don't know. I will watch them and I will rate them after they gap They could gap up. They could gap down. I will be looking at them But it's the idea of focusing on one thing and preferably one ticker symbol one ticker symbol That's it So if if you can focus on one trade you plop on the size to it and that's how you can make a lot of Money also you you reduce your losses if you're not trading trading trading trading trading all day from 9 30 to 4 It becomes very problematic when you're in trades for a very very long time Again, if you're day trading you have to be flat by 4 o'clock You don't have a lot of time to mess around and that's one of the reasons why I like to do the fast trades too But you can use my system for gaps to do options and day trades options You can hold overnight. You can do this. We did some nice options in twitter I told you we did the put in the walmart twitter was calls. We'll talk about them I think I have this in here in this lecture today too But you can use gaps to do options or equity trades day trades if that's what you want to do So again, the big profits is one of the reasons I like to do them and the speed So here was the rust we did this yesterday And again, it kept going. In fact, I think it went all the way down to 1 10 and change Continue to fall, but let's take a look at that. So yesterday was 3 3 The stock closed up here gapped down closed up here around 117 and change boom open in the morning here Was like around 114 ish. Okay, we shorted it I'll show you the one minute in a minute But I looked at this on the daily to determine if I wanted to do it If I wanted to again take it in the direction of the gap, which would be a short it gapped down But then I entered the trade in the one minute. Okay, which we did on the rust So this was again a bearish gap. So here's what we did Entry was 113 80 boom shares was 3000 risk was 25 50 exit 1 12 75 Again, I got out of this without what I thought was a nice move. It was a dollar It was a good trade profit 30 150, but this stuff went Um down another two dollars basically you could have made even more But I like to get in and out fast in the morning preferably before lunch preferably by 10 a.m If I can and again, that is what we did with this. It was a very very quick trade So anyways, we got in it and we got the drop boom Okay, and you could have got out or you could have held it down in here. Boom either way Nice move nice short in the rust If you had a smaller size If you had a a a beginner risk, you could have taken 1000 shares And I'm just showing you here because you don't have to take an advanced trader risk You can risk less you could have taken 100 shares and still made money in this I I um I'm doing this for a long time. So I use a bigger size, but 1000 shares You could have made a thousand five dollars risking eight 50 Okay games send same setups in here when I call the trades in the live trading room You can go to my youtube and subscribe I call the trade I call the entry and then I call the stop And then obviously I call the exit the target on this really their normal target was 113 I was happy when it broke 113 and it booped down and then we got out of it But it did continue and it did continue down two dollars past this number Which was insane if you wanted to hold it the market did pull this down a little bit more I think longer yesterday, but you know, I think getting out of the morning and and taking your profits is good The confirmation is the rating system that I teach in the class Stephanie When do it when do it depends I do both stocks and options I did not do an option and rushed that I didn't even look at the cost of it I think sometimes it's easier to do one versus the other depending on the stock For example, I'm not day trading amazon. The cost is too prohibitive for me I'm just not interested in doing that. It has big stops and huge spreads. It's better to do as an option Something like the market I think the market options are cheap, but I will day trade the market as well I'm talking about the spot or the qqqs But the options in those compared to the cost of the market ETFs right now. I think are much more reasonable if you want to trade the overall market And again, the market can be very volatile But most of the things that we do I would say are in a reasonable Price point range with the exception of the spy, which costs over 300 dollars a share Most of the things we do are probably between 20 dollars and maybe 150 So it's not like we're doing a lot of very expensive stocks for day trading And some of the things that I do do not make sense to do options They don't have enough volume in the options chain. They don't make any sense. They don't move enough I talked earlier about the fact that banks make brand new all-time highs I I've traded options in the banks before but they're painting the ass to be honest with you They almost never go enough in the option unless they really have a big big big big big big move It's you make like 25 cents or 30 cents on those if you risk a buck It's hard to get any momentum in those options sometimes in the banks although the stock can move So I think jpm goldman, those are better stocks to do equity trades in like you could have been going long them And you would have made money or even done them as a swing trade Okay, but you know many times when I'm doing an option I'm looking for a 50 return investment or 100 return investment So it depends on what you do certain ones are better than others to trade as options And again, it just varies from whatever stock it is And I don't trade penny stocks and I don't trade low flow stocks and I don't trade stocks with no volume So that's just like a given not a rule, but I just don't touch them So the time in this trade was 10 minutes fast fast fast fast fast again. It continued some people did hold it I did not Um, in fact, actually the I have the trading room on youtube if you want to go listen to it I lost internet. I lost internet yesterday. I problems Verizon was down in New York City I don't know why it was beautiful weather, but I had issues with my internet today and somehow By a miracle I was able to get a trade in before I lost the internet But it was spotty before they opened and and then I got this trade in so it all worked out for me But normally I'm looking for the fast trades anyways. Okay And what do you mean about mainly amazon? You lost me there with your question joe About mainly amazon You kind of lost me there with your question. I do options in amazon But I I don't day trade it So one of the reasons to trade gaps is big profits. Well, again, let's look at the one we did the day before Yesterday was wednesday tuesday. We did ddd So this continued you could have done a swing trade of this actually I didn't do an option in this but you could have this continued down this went to the dream target Actually, I got out of this before this fell even on the end of the day here on tuesday So here's the gap down stock closed here gap down boom. Okay. This was again Tuesday Here's the day chart again. We shorted it We shorted it. We took it in the direction of the gap. It rated to do as a short. We did it This was earnings too entry was 36 30 boom 2000 shares risk was 2600 exit 3468. What's really hilarious is that this went to 31 So I could have had bigger gains in this too, but um and I had internet that day But you know, I I like to get out in the morning So, you know, and I'm plopping on the size It's you know, it's I don't ever even move my stop to break even I just get out of it I mean you can always go back in anyways. This was 3400 profit, but here's what it did We took it here. We shorted it. We got the drop. I wanted to show you here even though this is squished This is a one minute chart on the ddd. This was the open 930 here went all the way down I know these are tiny bars. I did not hold this all the way down here But this to go to the dream target this was 31 And here's the end of the day and from the place that we shorted it all the way up in here It never looked back. You could have been in this all day I've never done anything with that at all In fact, I don't even know what it is So obviously I've never done anything with it So as far as specific stocks go versus ETFs, I mainly focus on stocks. I will Trade the spy. I will trade the QQQs. There's a new ETF on work from homes I don't do that. I have never traded that either that does not have enough data for me to look at it to trade So it's rare that I would do an ETF if I do it's probably the overall market I'll do the diamond sometimes I've traded gold before but I don't even know all the ETFs that are out there I prefer not to trade them I will trade the overall market because of the volatility that exists in the market And occasionally I've done something like an ETF in gold or silver, but I'm not doing the weird ones I don't even know what all of them are. I prefer to trade stocks I think you get more playing stocks bigger moves in stocks people get emotional about stocks either love them or they hate them Like like the way that people love apple. So I prefer to trade stocks But if I'm looking for a trade and I really really can't find anything It's not that I'm anti ETFs, but there's very few that I trade I certainly don't know all the ones out there They're making up new ones like the work from home one two and that I don't think has enough data Because what I do is look at technical analysis. What I do is based on technical analysis And if somebody doesn't have enough life history Then I probably tend not to trade it and again I really don't think you get the same playthrough in some of these other ETFs as you would if you played a specific stock in the sector So for example, if you wanted to do something like very often very often like if we do Boeing And if I'm in love with Boeing that I'll probably do the diamonds on that day because it's such a big percentage Of of the diamonds of the Dow Boeing is in the stock So that's kind of how I look at it Or if I do if I do apple that I might do the cues or vice versa because apple is a big part of the QQQ So there's usually always a stock tied to that for some reason if I do that one specific ETF Hopefully that answers your question Um, anyways, this was Tuesday and this continued. I mean this just kept collapsing if you wanted to do A beginner risk took a thousand shares of this boom risk was 1,300 could have made 1,700 again one flip around So if you're risking 1,000 you're looking to make 1,000 if you're risking 2,000 you're looking to make 2,000 If you can make more than that great again, this collapsed That I mean you could have seriously seriously made five dollars on this You could have made over five grand and it's just with a thousand shares It'd be held it all the way down and it never looked back from where we shorted it Where I got into this year it went It just went straight down now the market actually helped this I mean the market helped this for the last couple of days the same thing with ross But this was a quick trade too in and out boom And again, if you have things to do if you have another job to go to if you're doing this part time To being a trading in and out in the first half an hour is great Five minutes 10 minutes 15 minutes, although you could have held these things all day Now let's look at the twitter twitter was back Twitter was back When was that beginning of february now god it feels like a long time ago We did we did this a bunch of days We did this a ton of days actually and we did calls in this and we went along as a day trade several of the days Because this really was a nice gap up This closed here at this gapped up rally So anyways, we did this a bunch of days in here it continued Went to the dream target, which was 80 which again what you would have been in for the option But here was the day trade that we did this in the twitter and again one two three Boom this closed here gapped up this closed here gapped up this closed here gapped up this closed here gapped up So is it too late someone asked earlier if if it happens in the gap? Hell no look at this We just keep doing it doing it doing it and it was a beautiful beautiful move and the setups were there You got to get the setup the confirmation on the live day after I rated after it looks good is the setup And again, I teach that in the class too, but here's what we did. We entered this long at 73 Okay, and we exited 74 70 was a nice move. It was almost two bucks profit was 4,780. This was a good Uh nice trade that just went straight up. I'll show you the one minute in this This was on twitter a beginner risk again a thousand shares. You could have made 1700 a nice trade a buck 70 Now here was the one So again, this was 216. I don't know. These was like think four days into it or something Where we did it here 73 Right in here We went long and that it went poof and it went up and we had a great exit on this actually We had a we had a perfect exit on this actually even though it held pretty well in the live day up green So again morning train in out take it get out boom done This took a little bit longer long so you take longer That is why I prefer to short, but I wanted to show you along here because I will go long, but I prefer to short I prefer to short But the reasons I like to do gaps is they happen fast whether they take 15 minutes 10 minutes Or even if you have to do a long you have to wait 45 minutes or something That's still a short time comparatively when you figure the markets open for six and a half hours And obviously today would have been a great example Like if you go along something this morning You were a lot better off getting out of it before pal started to talk when the market started to break and broke the low So when you can book money in the morning particularly if you're looking to day trade If you're doing the day trades and you can get in and out quickly in the morning You're a lot better off because you don't have to deal with the wiggles and jiggles of the market Okay, most likely the market will do something tomorrow what it does I don't know it will depend on what the data is that comes out Which is in the pre market markets going to gap somewhere tomorrow could be up could be down Could be surprised everyone after this sell-off today. In fact, I'm not even sure how we end up closing today here I'll look when I'm done, but the fact is that there's data We're expecting the unemployment rate is 6.4 if that breaks six Market's probably going to rally If it ends up being down lower if it gets up to above seven close to seven the market could have a negative reaction Okay My opinion the negative reaction the market's having on rates is overblown So we'll really have to see if we follow through with this tomorrow or not But what I do is just gaps that's it and how I've made more money year over year in the last You know 13 years I've traded is I just add size and plus I've started to do options in the last six years I've been doing options So I plop on the size when I'm wanting to make more instead of doing 10 trades a day or a million different strategies or forex or bitcoin or whatever I just do the thing that I know the thing that I'm good at and I just add more size And again, I'm taking them as options to get the overnight move But if you're starting out and you're trying to figure Okay, I want to make 50 cents in this or a dollar in this you can size yourself accordingly But it has to be based on the cash size of your account as well If you're not sure about that you can always ask me But really even risking $500 in a trade in my opinion is a good amount to risk You do not have to risk a thousand dollars in a trade 500 is good If it loses you lose 500 if it makes money, you know, you could still make two grand plus a week So if 500 is a nice easy amount I think for people who even have small accounts that you could work with especially when you're learning and you're trying to To to follow me and and and follow along really in the room But I really only trade day trades 30 to 60 minutes a day. That's the time that I'm focusing on So one of the big benefits to work for yourself and trade from home is what? You can work whenever you want. You could take a day off. You're not working all day It's not eight hours let alone know overtime and your income is only determined on how much you're risking portray The more you take the more size the more you're going to make So there's many many benefits to trading I found that people are all over the place with their commitment level since I've had the stock switch business Um, you know, since I've had a lot of following, you know, some people are just not committed And then they wonder why they fail why they lose why they're not making money I was extremely committed when I started out trading because I really wanted to change careers It's one of the reasons I made it but when I started I lost money I took me three years to figure out my system if I hadn't been committed I would have never figured out what I know today and I never be where I am today I mean, I don't even know what I've done. I wouldn't have stayed in the mortgage industry though. That's for sure I'm sure it's even tougher now than it was Um, you know 16 years ago But the fact is that you have to be committed you have to have some level of commitment to learning it trading is a skill Uh, everybody wants to make money in the market But it's not as easy as just joining a group of reddits and taking a trade that everybody wants to jump on And you really saw that with the way that stock reacted because it had one move up and immediately collapsed So I mean it's you have to learn how to trade if you want to make money trading isn't gambling. It's just not I mean, you can throw darts at a board if you want But the analyzing what you're doing the process of what you're doing is what really really really makes a big big difference And you have to understand why you're taking the trade. Why would you short something or why are you going long something? So I'm looking for ideally on every gap that I rate a high probability of directional bias for the entire day Again, doesn't mean I'm holding all day. I didn't hold the roster. I didn't hold the dvd But I'm looking for high probability I'm looking for a big move on the day and I'm looking for early confirmation of the bias and then move between 9 30 and 10 And I'm also looking for precise entries with follow-through and a good risk to reward target potential. Okay Any questions here? I think we will have time to pull up the market But you know you plop on the size how to get to that point You have to prove to yourself that you can do it be consistent You have all the time in the world to make money once you learn how to trade So my system is called the golden gap system. It's a 26 point professional bearish gap rating system I'd like to focus in shorts The purpose of the system is to help you evaluate which gap to trade each morning using a checklist This checklist tells you what to trade when and in what direction the 26 point checklist predicts directional bias and a stop Now as I said earlier, I also will do options So we did a bunch of options on twitter And I said we were going to keep doing these and keep going long this until it stopped working because quite frankly This was a beautiful beautiful gap. This gap that happened back here wasn't the 10th was an earnings I don't know where this is at today, but I'd be shocked if this breaks here I don't think that this gap is going to break Despite the fact the market's selling off twitter is holding that pretty well Considering most things right now in the last two days in the market So on that one day on that first day, we went long twitter. We did the 65 cost Cost was 215. That was cheap. So again, this would have been cheaper to do the option Then to buy the stock even at 65 dollars a share Shoulded a 460 return investment was 113 percent. So an advanced risk I risk way more in my options simply because I am doing expensive trade sometimes like google and amazon and I want my risk to be all equal Uh risk was 75 25 profit 85 75 and we'll go back to this here. That was 210 So here again 210 was this day when this open draft we did the 65s Okay, then it rallied up and then it continued. So this was a nice move And that was on the wednesday expired to the following friday. Sometimes I'll do the same week. Sometimes I'll do them out two weeks Depending on what I see the move now this you can see I called the trade in the pre-market So a lot of the options I call in the pre-market Most of them I actually do strike was 68. Okay, this was friday then Expected a continuation move up, which it did cost was 260 again advanced risk 7,830 contracts sold at 525 profit 79 50 Returned investment 102 percent. So let's go look at the daily. This was the twitter on the day we did the seconds was here On the 12th and it went poof. Okay So you could have done him here and you could have got out or you could have done him here and even held it into monday Really nice trade big move up nice follow through And that was the 68 calls So I will do options and I will do day trades, but the options you got to give more time You have to give them more time to work. It's not like the day trades where we're in and out quickly But people do day trade options. Sometimes I'll day trade an option, but but but not all the time I mean most of the time I'm not to be honest with you Most of the time I'm holding them and I'm looking for a big move So right now we're in this period and it's it's an interesting period here where people are changing careers Some people are unemployed Some people are still employed but working from home. So their life is very very different And many people are at home because their kids are at home. They're not not back in school yet And so I mean we're just in a very strange period even here still even though it's 2021 It's almost a year anniversary to covet and and I don't know who knows maybe that's the reason the market's selling off What's today March 4th? It's almost a year anniversary Today's world is not the same as 25 years ago or 10 years ago or even five years ago Or even a year ago pre-covid seems like a forever ago. Doesn't it people? What we think is a secure job today may be gone tomorrow Look at the world economy and the decisions that lawmakers are making for you Who knows if the stimulus will pass and if it does I don't think people are getting checks don't may I mean, they're not getting them now could be april. Maybe if people are lucky They've been talking about it since november and nobody got their checks after the election and here we are You've got to rely on yourself. You have to be independent and if you're an entrepreneurial person and you have that type of mindset You're going to be much much better off. Yes, it takes worse work And no one said it's going to happen overnight But it really is worth it in the end because leaving your destiny in the hands of the government or other people or even your boss Um, you know is is crazy when you look at the world today I always was the type of person that was independent and wanted to work for myself So that's just my nature But I think people are starting to wake up now and realizing that they really have to create their own future So ask yourself. Do you want to create your own future? Or do you want someone else to determine it? And I kind of realized that with the mortgage industry wouldn't change because it wasn't my fault I did a great job banks stopped wanting to approve loans Uh banks started going under had nothing to do with me nothing to do with my clients that came wanting to buy homes or refinance We can be great employees productive out going hard working and it may not even matter To anyone not our employer not anyone in the end and then you're laid off and you don't have a job And the company can keep you on if a company has poor management They might fail and it has nothing to do with you or your industry might fail and it's nothing to do with you Aka banks mortgages healthcare and in the last year with covet. We've seen what restaurant industry Uh, we've seen the travel industry. We've seen the airlines tank In fact, I didn't even look at Boeing today. I'll have to look at that later You're a skilled person with a great mind and you can learn how to do this The time it takes for you to get to the point where you know what I know is up to you But I'm here to teach people and that's what I've been doing and I'm calling the trades live in the room You can work for yourself in the market You can create your own job security and you can create your own opportunity by taking it upon yourself to learn How to trade the market and make money trading something I did a long time ago and I don't regret it But I was pretty much set when covet came I I knew the market wasn't going to disappear But it's interesting. There was a period there in march where I wondered if they were going to close the market for a couple days I I seriously wondered that right after they announced the 15 days to slow the spread the market was insane In fact, I think we had days in there that we halted Uh, you know, which was scary to be honest with you very very, uh, not normal abnormal I should say for the market to halt But in the end the market kept going it kept going and going and going and we recovered and we came back And whenever she'll know if we're doing today, we'll recover from this too So I teach people my system. It's one strategy. That's all you need to be successful in the market You do not need a general overall broad base view to make money Again, I follow what's happening the news I am aware of the fundamentals, but I don't have time to read all the reports that come out in every earnings How would I have time to do anything or sleep or trade? I'm reading the charts. It's technical analysis I'm reading the institutional money and the price patterns in gaps And quite frankly, you don't need to do anything else if you don't know how to do this You know, you learn it and like I said, it's a skill and you will apply the skill. It's price forecasting That's what I'm doing. I'm looking at the past price data and forecasting the future price data And that's why I don't look at things that don't have a long history Okay, if your reason for doing this is to make money Then you have to have a system that makes money. Okay, at least again consistently So if you have time to trade between 9 30 and 10 Um, if you like the idea of being out of in and out of trades quickly If you have a passion for trading and working from home, then this may be something for you So on average, it's one to one whatever you risk if you're risking 500 Your expectation should be to make 500 if you're risking a thousand your expectations should be to make a thousand I do you stops I try to only do one trade a day if possible or stick on the same symbol Because for me, it's not about quantity. It is about quality. Okay, it's about quality quality quality And uh, so that's you know, that's what I focus on So again, my class is called the golden gap system. Here's some testimonials from people. This was uh, last year 2020 Zen trader focuses on the options and we had a really strong start to the year 2020 When we had coven we had some huge trades in tesla and bynd And that was before tesla, um got into the the marketing tf But overall, I still think we're gonna have the continued volatility that we've that we had in 2020 this year And I think you're seeing that actually this week. We did bowing a ton of times. We've been shorting bowing We're not going long bowing. It's been a mess Um, jackie Is someone that started out with me. She's been with me about three years. She's a nurse Um, and then she quit her job and is trading full time. So she's been doing well as well So you don't have a lot of experience to do this. You can be a beginner. You can be somebody, you know, right out of school Um, as long as you have the money to open up an account to trade and do my class I can teach you so you have to have the time available though between 9 30 and 10 to do the day trades If you want to do the options, you can you can just sign up for the options newsletter And you just get the options emailed to you like the twitter trades I had in the class here But I've taught people that have never traded in their life that are total beginners I teach everything from the beginning from candlesticks up But it's really the looking at the gap and analyzing the gap that really really makes a big difference So I look at the gap in the morning I rate the gap using a 26 point checklist if it rates 20 points or more per my system I will take it in the direction of the gap So twitter gapped up it rated well I went long and I did it as calls and I did it as options and I did it as day trades long A wmt wallmark rated as a short gap down It continued we did punts in it and we shorted it as a day trade So that's the philosophy that i'm looking at wallmark sold off had institutional selling twitter got bought had institutional buying Okay, so I teach all of this in the class. It's a complete system to learn how to trade It teaches you the entries the points the targets support resistance All the things that you're going to need to be able to make the decisions and of course i'm i'm helping to mentor people through this So my class is called the golden gap course This is a full two-day course on how to strategically find pick-and-play stocks that are professional bearish gaps It's a class designed by me Melissa armo and the class is not this weekend But next weekend, which is actually daylight savings time I didn't realize this when I set the date but sunday the 14th was daylight savings time So I think what do we do we spring ahead so we lose an hour So i'll be Be getting up early that day But it's nine to five cost of the class tuition is 69 99 us dollars if you want to sign up you have to email me You can go out of my website look at the information But you still have to email me to sign up now i'm doing an early bird special through tomorrow I know tomorrow is one day, but you can come in the room and do a trial if you want for one day You may make money um following me but The deadline for the early bird is tomorrow You get the trading room free to the end of the year through 12 31 21 If you want to sign up you get the trading room free for one year, which is a huge deal You have to sign up and do the class in order to join the room But there's normally a fee for the room But if you pay for the class you get the room free to the end of the year Which is basically almost the whole year. It's it's the next 10 months of the year So it's a good deal now. We do have some time here. Do I have until three david? I can bring up some charts Am I am I till two? Yeah Yeah, until just before three so another 15 minutes or so, you know, okay Let me I know we did this before if I stop sharing and then share again I think I can put the chart up You see it Uh, yes, I yeah, I see the chart now. Okay All right, so let's take a look at this here In fact, let me let me look at bowing since I talked about that. I'm just curious here Any questions have been any here this did fall today Yeah The room is normally 500 a month or if you sign up for the year you get a discount if you sign up for the whole year After the end of 2020 but normally 500 if you want to go monthly or or this discount if you sign up for the year So let's look at this here. Actually, let me fix this here So, yeah, so we've been doing a million shorts in this I mean, I I'm not in this right now, but I'm not surprised at all This has been struggling and struggling and struggling and struggling with this area I mean and and again, this has gone back to when we dropped off with coven This has never recovered from that coven south And I'm not surprised. I mean, we'll see where the next earnings are in this for second quarter But you know quit this recover. Yes But ultimately, you know, this has had so many problems not just the coven not just a lack of travel. This has had You know accidents and and and mechanical problems and issues this is and so again, if I would look at doing something like this Somebody's asked about etfs. I would look if I did something with this I would probably also do the diamonds that same day too Like if I went long going and play along the diamonds if I shorted Boeing I probably short the diamonds because they tend to go together Uh, the newsletter the the trading the options newsletter is not a class You just get the newsletter emailed to you in live time in your email You take the trade when you get it based on the strike And the ticker symbol in live time if you get them in the morning pre-market You take them in the first five ten minutes of the day you enter it and you will manage those trades yourself It's an annual newsletter, which is 69 99 for the year So you get all the options trades for one year. No class with that. Let's go look at the twitter Again, you know my website, uh and look at all the classes. I have www.thesoxswitch.com. See this is holding up Low of this here 63 20 This is trying to hang on it is hanging on So I I'm gonna be watching this one I really think this hangs on this is hung on more than a lot of things and you know what else is hung on well, disney So disney was one that fell on the earnings But then this was the day of the earnings back here Blow it out then blew it out ran up ran up to the big target of the 200 It tried to make it here, but couldn't do it Made it up drop down and now look how well this is holding on So disney is one of the strongest things in the market. I'm looking at twitter is still one of the strongest things in the market I'm looking at and I'm just trying to pinpoint things here that are strong Because just to see because the market's selling off how and what they're holding up and now let's look at the banks like I discussed So here was this this is fine today with the market too, but this was up so much and this is why You're not going to have the market completely tank without the banks 154 90 154 98 that was yesterday And golden. I know when it got up to 340 In fact in my new highs yesterday markets sold off yesterday golden was over 340 I mean just you're not going to have the market collapse and have the banks at new highs It's an impossibility, but we are selling off today And you know, do I think we're going to hold up forever? Meaning the banks and the financials. Well, I don't know that we hear in new york I mean they keep pushing off the eviction for rentals people are living in apartments here in new york city and not paying the landlord for a year Which is crazy. It's bad for the landlords. They still have mortgages They're still paying taxes and all the fees, but it's going to come to a head They keep extending the deadline for the foreclosure moratorium as well at some point It's all going to come to a head. I don't know when that will be my expectation is they will keep pushing it out But then some point is going to come to a head when that happens people could Terribles, it sounds going to foreclosure. You will have loan defaults And you could even have more commercial defaults because some of these businesses not the ones that went under But the places that have loans that have people where they're not paying their rent That is a problem. That is a problem and one year into it It could it could all come together and I think that's way more of a problem than Bond rates rising which everyone's screaming about and the reason that we sold off here And that we even had to sell off that we had last week I mean to me that is not a big deal You cannot earn as much money in a bond as you can in the market People are not going to dump all their positions in the market. I'm talking about high net worth individuals I'm talking about super healthy people because you know, that's what I'm talking about Big investment firms that are managing money for people wealthy people And and you're not going to have them all dump all their positions and then buy bonds It's just not going to work out that way. They may sell some of their positions But we're not going to fall all the way down in my opinion a hundred points from here And if you look at the spy, you're like, oh my god, we could go down to to to 340 I mean, I just don't see that happening. I could be wrong, but I just don't see it happening So I'm not sure at this market And you know, I had a guy that was trying to pitch me on buying corporate bonds I think it was like I think it was a year ago isn't and and I just You don't get paid that much. I just didn't you just don't get them much interest I just I didn't I didn't do it. I didn't invest in them. I just didn't feel like I could go for it I get people Managed their money and like to be in safe havens, but I just don't see it here and also interest rates for savings CDs Even long-term certificates of deposits. They've hardly risen in the last week money market savings They haven't risen at all. So I think this is a short-term reaction here an overblown reaction here in my opinion The Fed will keep rates low. I think the biggest danger to the market long term If we end up changing trends or something is another huge covid outbreak that could be disaster Where we'd hit up over a million deaths or something god forbid in the country or something like, you know Where the banks have just get crushed from defaults Um, so it remains to be seen But those are the dangers that I seem looming out for the market in the next 12 to 18 months And and right now the banks look so so so so good You say well, how can the banks be at new highs and how can the market be falling? Well, it doesn't make sense But a lot of things in the market don't make sense And that's one of the reasons why I don't make trading decisions based on fundamentals I'm talking it through with you But I'm looking at the gap and when I see the gaps in the market here I mean you can't like what were the gaps in the market here? We had a baby gap down yesterday, which I didn't short And then this today open neutral. We didn't really gap down the day And this was a gap down here and we didn't go anywhere That reversed it almost made new highs So there was no gap downs in here this market that I would have shortened And I didn't so I'm I'm watching here to see if I can get a strong bullish move I don't know if I'm going to get it tomorrow, but we could get it next week But I am I will be very interested to see what happens here And we've got about an hour left in the day here to see where we bounce and to see where we close So it looks like we dropped all the way off here to 37188 Again, this is why I like to short selling happens big selling happens fast Once the selling came in today and we broke the low we crashed But we're going to bounce here because I think money is going to come in And lift this market now. Just let me look at Um apple because apple has been a drag on the queues apple has drugged the market down No, this is hanging on Like the spine looks worse right now than this Um any other questions about any specific stocks or anything else you want to look at Google looks great. Look at this No, let me look at amazon facebook had a big rally this morning Dropped all the way off I look at this This is what I mean by volatility Actually, we have calls in this right now. I like this higher This was this morning. This ran all the way up here like the dickens Slip And then of course once pal started talking this lost it all but look how this is going I wouldn't be surprised if this went all the way up back to the tp tp top Even by the end of the day and this is what you know Why when you train you have to know what you're doing So I don't short something and then flip it and go long or vice versa Like I will not do that either. I have a bias that is bullish or I have a bias that is bearish Now that doesn't mean that something may happen where we get a gap in the opposite direction That may make me change my mind, but it never happened in the market And you know, so my bias right now is still bullish in the spy With the financials higher and we never got to that 400 number. I don't know if we will soon But I know that number is hanging out there It's hanging out there. We got pretty pretty close. We got up here to 394 17 So You know, I'm I'm looking at Costco for tonight. Let's just look at this here. We have a couple minutes Tesla You want me to look at Tesla? Let's see what it's doing I feel like I haven't done this in a million years, but I'll look at it And then I want to look at Costco because Costco is out tonight I'll tell you what I think about Costco. I'd love to get a good trade in Costco You know what I love in an ideal world I always say this I say what I know what I'm looking for and if I get it I'm all in an ideal world Costco gaps up the market gaps up tomorrow The date is better than expected and we run like the dickens. That's the an ideal world. That's what we do Well, let's just look at Tesla I would love that play Because it just gets too hard to short here With the way that we've acted one We haven't gotten any good gap down setups to short the market and two It just gets too hard to to go in When you're when you're down to three days like we are, you know what I'm saying? And let's look at this. I don't think this is real, but I don't know what's going on with that bar there. I don't think that's real. I think that's a messed up bar And this made new highs was 125 Feels like a long time ago This is still strong I don't know. You can't you can't short this here. I mean just can't do it You can't do it You know, I I'd wait for the next earnings on this. I can look it up and see when they are Um, this seems like it has a long way to go though 300 points almost off the high Did we get down to 600 in this today? Yeah, and it's bouncing off of it. I would not do anything with this right now I wouldn't short it and I wouldn't go along it and I'd wait for the earnings on that to see what it does Let's look at Costco So again, like I said I would love this to gap up And I'd like it to be a big one a big in And then a gap up in the market with good data tomorrow morning, but this is out tonight So this is out tonight. So again talking it through in my mind what I want to see I want to see a gap up in this tonight market do whatever today into the close Then we have follow-through more buying coming in tomorrow morning with You know good market data to pull this up even more. Do you know what I'm saying? Like 340 350 340 350 would be a great Uh, great move up for this I mean really when you look about it 320 20 30 points up. That's not crazy Microsoft actually looking for a return investment up between 50 to 100 percent But if if for example, it depends on the time in the of the trade if I'm running out of time I might get out of it if it's 45 percent If I'm running out of time I'll get out of it at 50 percent if I have time in it I might give it 100 but many many times like the twitter. They'll just run right up I say the target it runs right up. You're up more than 100 percent because this trade just goes The best ones are the day that they go the day that I call them Or within 24 hours, I should say if I call it and it falls through that day or it continues the following day Microsoft Is a slimy as the rest of these things because of the market. Look how look at this bar today Let's just go over. What what did this do? It opened here to 2673 it ran Up to 230 249 Then in reverse came down low was 224 26 and now it's back up here where it opened I mean the extension on this bar today again, we were discussing volatility You could have shorted this end going longer today. That is not what I do I do not Do the opposite flip flop around all day But this is why today was so crazy because you could have made money shorting this today And you could have made money going longer today. They're the Microsoft My average win ratio is about 70 75 percent on any given month David Or Daniel, I'm sorry If you have questions, you can email me my emails melissa the stocks wish.com Listen, stay safe everyone Um, we're still hunkering down in new york one day. I'll be free To walk the streets without a mask and breathe I hope is before summer and the weather gets up to 85 again Any other questions from anybody? One day One day So now we're just gonna move to texas friend of mine today. She's like, why don't you move to texas? They have no state taxes you can buy a mansion for a million dollars and i'm like Texas is too far away Anyways, have a great day everyone