 Testing one two testing one two. Can you see the screen and can you hear me? Okay, we'll be right back everyone In now just one minute welcome DC just joined us again. This is online creator central Thank you everyone again, and welcome. And another gentleman is exactly 430 each time here in the Boston area at times begin welcome people Thank you so much Kevin. Thank you online trader central.com welcome My name is Melissa Armel, and I own a company called the stocks whoosh LLC I'm here today to talk to you about a trading methodology that I personally do every day in the market and It's a way that you can train to make money in the market and very quickly by the way a Sunup that happens in 30 minutes that you can make money profitably in the market and quite a lot Meaning over six figures a year So if you would like more information you can go to my website It's WWW dot the stocks wish comm you can also email me at Melissa at the stocks wish comm as well Kathy's going to put my information in there if you have any questions after the webinar today You can email me. I have a lot of videos up on YouTube as well in fact last night I put a trade up that I knew was going to happen and set up today and Worked out beautifully so you can check out my YouTube site and go to that as well So welcome today. We're going to talk about trading one of my favorite topics in the world and after we're done today I'm going to do a live market review So if you'd like to stay after the one-hour presentation Kathy's going to take everybody over to my live trading room. We're going to review the market I actually didn't look at the market since about lunchtime today We'll take a look at where we close today and we'll review it because the market was back and forth today And I know a lot of people are anxious and wondering where is this market headed? What is it doing? So I thought it would be a good thing to discuss today after the webinar The reason you're here is because you wanted to find out information about making money trading Maybe it was because you wanted to find out about making six figures trading Maybe it was just because of the fact that this strategy sets up quickly and you're a busy person And if you're a busy person and I'm a busy person then time is important to you In fact, time is money when you're busy If you want to be financially secure earning money is also something that's very important to you And in today's day and age it is extremely important to have financial security because you never know You never know you may be working at a job for 10 years and all of a sudden the company goes bankrupt You don't know if you're going to get a raise next year You don't know if you do everything perfect in your job If you're going to be able to keep that job for the next 20 years until you retire It's a very uncertain times that we live in so we have to think ahead We have to think ourselves forward. We have to take our own responsibilities to earning money to being financially secure One of the other important things I think it's to think about today is that if you want to have a good quality of life Having free time is important And if you are working two jobs a full-time job a part-time job three part-time jobs If you're working 50 60 hours a week at your job like I know some people are and I used to in my mortgage Job you don't have a lot of free time and the free time you do have outside of your job You're exhausted and you laid out at night and you fall asleep immediately because you're so tired from working hard all day And all week so it's really important to have a good quality of life And how do you do that? Well making a good amount of money and a short period of time that will be able to sustain you and If you want to have nice things I like nice things I enjoy nice things then making good money is also important too So that you have the money to buy the things that you like going out to a nice dinner Buying nice clothing being able to get a massage once in a while. It's nice to have nice things So what ingredient do you need to be successful to make six figures a year trading? Well, whether your goal is full-time income part-time income savings wealth or retirement Maybe you're looking to do this for retirement income because you don't have the same pension You thought you were going to at one time or your 401k has dropped out a lot Still in all there's one common denominator and ingredient that is necessary for lasting success in the market And the key there is lasting and that's why I underlined it because a lot of people sometimes trade and they might get lucky They might get one big trade They may get lucky for a couple of weeks or one month or in one big train But it doesn't last and by lasting success I mean something that works week after week month after month year after year that you can duplicate Every trader needs this and every trader needs a strategy and it has to be something that is lasting that is real That is good. That's reliable. It has to make sense It has to be something that works under any market condition Whether the market is bullish, whether the market is bearish, whether the market is sideways Uh, it has to be something that works irregardless of what's happening in the economy Because you need to be able to rely on it if it's going to be your full-time income or your savings, okay So what strategy can you trade and make money in 30 minutes? It's gaps And if any of you looked at my youtube site prior to coming here today for the new people You could see I was doing gaps as a strategy. We're going to talk about this some more today Gaps are a strategy that's set up in the market on a daily basis every day There's gaps they provide moves that happen very quickly in the morning and not only that they usually finish quickly as well Many gap trades set up and are done in the first hour of the trading day You can usually get 75% And this is true of the full day's move of a stock in the first 30 minutes between 9 30 and 10 That's unbelievable almost it, but it's true gaps happen on a regular basis and they happen with momentum And this momentum provides the opportunity to trade to make six figures that you're in profits and and more than that Okay, but I know a lot of people are here because they really want to be able to make 100 grand A year trading the fact is if you can make 100 grand in trading This year next year you're going to make 250 and so on and so forth And that's how you make it happen In fact, I was talking to a student last night surf dog Who's already done my class and he's doing very well since he did the class two months ago And we talked about what he's on pace now to do this year And he's thrilled because he knows if he keeps up that pace He's going to move momentum quickly to be doubling that in the next year and so on and so forth And that's the great thing about trading once you get good So what is a gap a stock gaps and I'm going to show you some charts some examples when the opening price today At 9 30 eastern time because that's when the market opens Is different from the closing price of the previous days trading which would be four o'clock eastern time A gap is a break in the price action from one day to the next simple That's really all that a gap is now. We're going to look at this here. This was a gap today This is one that I did it was fossil f o s l And this is the gap So what happened here last night it was tuesday This stock closed up here at this number was approximately 111 something and change where it closed at four o'clock eastern time And then this morning the stock opened at 9 30 eastern time today's wednesday and it opened down here approximately 104 ish So you see the stock actually lost this much value overnight. That's a lot Okay, that's seven dollars plus that it lost overnight in the gap So the closing price here the day before and the opening price today was different And that's all the gap is and you see the move at this out of the day I'm going to talk about this in a little bit So why do gaps work so fast gaps work fast because there's a sense of urgency that's created in the gap There's a sense of urgency That stock fossil closed last night at 111 strike point price and change And the sense of urgency is that this morning at 9 30 literally overnight The stock broke and fell off a planet and opened at 104. That's panic Okay, because this was a short the stock lost value. It's a red bar. So it's a panic effect for shorts For longs if you're looking to do a bullish gap It's similar in that there's a sense of urgency, but it's a different kind of sense of urgency. It's I better buy it now. Oh my gosh. It's better by the stuff. Should I buy it now? I better buy it now I better buy it now. I'll miss it. Yeah, I better buy it. Should I buy it? Should I buy Facebook? Wait, should I get it? No, I better buy it. I better buy it now before it gets any higher It's an emergency effect for longs like if you don't get it, you're going to miss it kind of thing Okay, it's different but same same concept sense of urgency, but different Okay, either way something has to be done and it has to be done now Now in the opening of the gap in the opening of the price of the stock on the day when it gaps And that is how people think of it. It's all about people money and people. That's the market What are people doing? Are they buying? Are they selling? What are they doing? How can we make money? People think people think crap. I'm down or I better buy this if I don't buy it now I'm gonna miss it. And then you know what sometimes too sometimes people buy too soon Okay, it's how people feel and how they think and their reaction to the price gap that makes it go fast into the open Okay, and this is why gaps work. So how do they work? Gaps work because Institutions institutional money hedge funds banks. They take positions and stocks in or out buying or selling institutional money it makes gaps and that is how the gap is created in the first place Because it's not a couple of people It's not you or me or all of us together that could make fossil go from 111 down to 104 overnight That's an institutional selling that happened into that stock And that is also why they work so big in the day Institutions are moving their money in and out buying selling shorting They're moving the money in and out of stocks in a big way on the day of the gap And that's why there's so much Value in understanding how to trade gaps because the biggest moves that stocks ever have in their life on a chart Are always the day of the gap if you pick up you could pick any Chart on the planet you could email it to me to look at anything in the world Every large bar bullish or bearish is always in a gap So let's talk about the concept of shorting Shorting for fast moves. This is just something that I like to do. I prefer to shorten Here's why because of the panic here was the first 15 minute bar in the day of the fossil Okay, this is a 15 minute chart. This is a 15 minute bar. Look at this So up here is the high is 104 50 Excuse me down here at the low is 101 61 This all happened in 15 minutes look So in 15 minutes that stock dropped three dollars That's a big move and it happens fast and it happens fast because it's a gap and it was a good gap And it also was to the downside because this concept of shorting means people are panicking and you want to get in Before all the people sell out and there it goes now. I want you to take notice of something I didn't see how this closed at four o'clock But this low here around 101 61 that was set by 945 Was close to near the low of the day the stock did go a teeny weeny little bit more down But this was very close to what the low of the stock was in the day and it set it in the first 15 minutes So that you can see here. This is way more than 75 of the move This is actually like 85 90 of the move the stock had on the day that happened the first 15 minutes And if you play this that's all you need to do boom and you go on with your life So what does it mean to short when you short you are borrowing the stock from the broker Wherever you're trading at a price higher than where you expect the price to go Mr. Brunker, I want to borrow the stock. I want to get this fossil I've got to get this thing. Give it to me here Give it to me at 104 because I think it's going to go to 100 101 wherever it goes You're anticipating that the stock will move lower and then the current price it is at So you borrow it and you short it For example, you might get in at nine dollars because you think it will move to eight And if you shorted at nine and it moves to eight you cover the short and you would have made a dollar And that's how shorts work and I'm talking about this today because I talked to so many people now and I'm just ever amazed how people don't understand the concept of shorting But it's very simple And it's actually terrific because of the panic that comes into shorts so quickly For example, if you had 5 000 shares and the stock moved a dollar lower from a nine dollar short price Then you would make five thousand dollars in profit If you shorted a stock at nine and exited at eight and you have five thousand shares That's five grand in profit and you certainly can do that stocks move like that all the time even at that price point It's the panic that equals the fast cash Because people are forced to take an action. They have to do something. It's required And as the day goes on sometimes it comes even more panicky and you see this in stocks that continue Here's an example of panic. This is amazon. This is back from the end of april amazon gap down This is a one-minute chart on amazon I'm not going to go over today what a swush is and full on but this actually opened and swushed And it's a play that I do in the market and it's the reason I name my company the stock swush So amazon swushed here. This was back in a gap the stock gap the close the night before appeared at 336 and change and open the next morning down here around 316 ish The first bar of the day. This is the first bar. This is 60 seconds The stock the high of this bar is 3609 and the low here is 309 The stock dropped like a banshee seven dollars and 60 seconds That is panic That's panic Okay, and this happened in a gap and if you played the stock Look what this thing did on the day Okay, I actually went all the way down to 302 on the day on this day of the gap So here you can see and you don't even need one of these things every day I mean you could get them every day and particularly during earnings season, which is happening right now But you only need like two or three these are weak to get moves like this to get pain So gas or astronomy that focuses on maximizing panic activity. That's the truth. I mean, that's what it is people don't know what to do Crap should I sell it should I buy it should I show it what should I do? I don't know what to do help me And that's what happens and that's what happens in the gaps And if you understand that as a person intellectually and comprehend it and get it You can take advantage of that as a trader and that gives me an edge when I trade And that's what i'm teaching people how to do I need an edge to trade to make money in the market You got to see things before they happen because if you don't see them before they happen, you'll never get it You'll never get it. I saw t2 which I did today Uh before the it even opened this morning. I saw it last night I knew it was going to work. Boom. Okay. I saw it before it happened and it did it I see things before they happen. How can I do that because I'm reading the gap If you don't have a strategy And you have no strategy when you trade Then you don't have any consistency And every day you look at something and you don't know what to do with it And you're kind of trading with the market and you're back and forth and your p&l will show the back and forth of it, too Amazon here on this day. Here was the day of this beautiful gap Right in here. This was the 25th Had a nice follow through the second date down You could have done amazon here and here it actually got two days in a row Now would you have done anything with amazon here or here or here or anywhere in here? Would you have done anything with this? No, there's nothing to do There's no strategy in here at all in the any of these days. There's nothing going on in here This you play boom you do it you hit it you get it and this one here too Boom you could have done that one too. There's nothing else to do in here And if you look at 200 trading days of a year of a stock There's really nothing to do many of the days sounds crazy, but it's true and people are constantly looking for things to do They want to trend trade they want to trade with the market They want to look for stuff to do here in amazon They want to think this is going to rally back or do something There's no clean trade in here with any level of consistency that you can take the trade Put the stop at the right place and get a move and know the target or anything This is a down this is going down the direction is down You can't buy it the trade is here and the trade is here It's nothing else to do right now And you look for these in different stock symbols every day because many many many days There's nothing to do in any given stock You look for gaps and they're different and they set up differently on each day So a hundred thousand dollars a year is very realistic in the market It's about consistency to see though in the strategy and sticking to the game plan and doing what you're supposed to do Instead of trying to make something out of nothing on days with the stock Is it really doing anything where you should even trade it? And it's not about rolling the dice or playing the odds I was speaking to someone yesterday that was talking about taking five trades And giving up the risk and taking five trades every day It's like throwing darts at a board. I don't throw darts at a board Anyone's ever spent even a 30 minutes trading with me and my trading room knows that I don't throw darts ever I am trying to get it exactly Boom one shot it do it. It's not about rolling the dice. It's not about gambling It's about having a very very very strategic way to take a trade And something that you're looking at doing and having a hundred percent conviction to do it You have to risk manage yourself by deciding what you want to risk So you can divvy up as many trades as you wanted today But if you're taking three four five six trades in a day and divvy up your risk because you're throwing darts at a board to play the odds That isn't how you become successful at trading the people that are successful in the market are playing the odds They know exactly what they're doing. They know exactly why they're doing it either works or it doesn't But they know why they're doing it and they're not playing any odds. It's not about percentages It's about trying to be as exact and detailed as you can and once in a while it doesn't work And most of the time it does if you're playing the odds your p&l is going to show that varying type of Money in your account and you'll never get where you want to be with making the kind of money that you could in the market Like making six figures a year So what is it about gaps that make some so profitable? We've been talking about the moose. It's also the risk to reward It's a risk to reward and the fast setups Because if you get a setup very quickly right away is into the open in these stocks amazon Fossil any of them and you take them you're getting in these early before all of that red happens Before they drop off a planet So the risk to reward is great because you're getting in quickly you're getting in fast the setups happen fast And then you're getting to move fast too It has to do with having a plan of action. What are you going to do? How are you going to get there? How are you going to make the money in order to make six figures a year? You need a plan. You have to have a plan. Otherwise, what how are you going to do? The plan is that i'm going to take five trades every day of my life That's not the plan you need a real serious strategic plan You need a plan of action in place in order to be successful trading It's like if you would go into a bank and want to get a business loan they'd say to you I need your business plan give me your business plan. How are you going to make this much money? If I give you this much money to borrow, how are you going to pay me back banks want to know that all the time It's just like if you went to someone and they wanted to hire you as a trader Yeah, I'd have to say how are you going to do this? How are you going to do it? How much are you going to risk? How are you going to make it? What are you going to do? How many trades are you going to take and why are you going to do it and you need to know It's just like if you were going to work for someone because but you're working for yourself But you have to take it just that seriously So you need a proven strategy and a system that works in order to make money trading and you absolutely Must follow this plan to achieve success and i'm very good at doing this. I'm very strict with myself And it works So why do people fail? Why do people fail? Why is it that people sometimes look at trading as gambling? Why do they lose money at all? Number one, they have no plan of action Number two, they have no focus Number three, they have no strategy no strategy at all. They don't know why they're trading Uh amazon today or tomorrow. They have no idea why they're doing it at all, but they're doing it They have no mentor This is another very important factor because if you are trading by yourself and don't have a mentor Someone you can go to like me and ask questions You're kind of hanging out in the wind and you do need a person that you can go to when you're learning how to trade to Ask questions to and get a direct answer And number five and which is also not the last but the first and the number one reason why people lose money in the market Is that they do not have a system in place that works? They just don't they don't have any system at all. They don't have one that works They do not have a system that is specific enough specialized enough detailed enough focused enough and meaningful enough to the Real trend of a stock because the only way you're going to make money in the market is if you're in something in the right direction If you go to buy fossil today on a gap down, you will lose you'll never make money The stock didn't rally at all on the day. It was a short So you have to get in the trend of the stock correctly whether long or short And you're doing that based on the quality of the gap that's being made by institutional money So I teach a class on how to train Gaps that's what I teach in the two-day class It's only a two-day class and in that two days you learn how to train professional bearish gaps It is of course. It's designed to help you strategically and that's the key word there Find pick-and-play stocks that are professional bearish gaps. Now. I like the downside I like the downside because I like the panic that comes in quickly to stocks and people when they're long stocks And they got down you can take my class and flip the points to go bullish to buy Bullish gaps you can do that some people do that, but I like the downside How do I do it? How did I know t2 would work today? How did I know fossa would work today? I have a strategic way to figure it out. I have a system. It's a checklist I look at 26 things in the daily chart of a stock to determine if it's good or not I looked at 26 things in fossil today and t2 to determine if they were going to work The funny thing is and I put a video on youtube You can watch it after we're done here someone in the room said today kramer is calling t2 is along And they were concerned he was on tv And I rated the gap and the gap rated per my system is a short and I said we're doing it I don't I don't care what kramer says And t2 fell off the planet today went to a dream target and I was right and kramer wasn't How did I know that? How did I know that? How did I know it was going to do that? Because I have a method that strategically works that looks at 26 things on the daily chart of a stock to analyze the price To determine if selling is going to come into that stock and even with someone like kramer Who's a famous person that gets on television where billions of people are watching it? It doesn't even matter the stock roll over on the day and why? Because institutions wanted to sell out of that stock and they didn't care what kramer says because they're not listening to kramer They're making decisions what they are doing with their money These hedge funds that have millions of billions of billions of dollars are not listening to kramer If you want to listen to somebody you got to listen to the institutions And how do you do that because we're not talking to you and you don't know their phone number You see what is happening in the price of the stock In the gap to see what those people are doing It's a hidden gem to figure this out to see it the way that I do before they actually do it If you want to listen to jibber jabber online in other places, you're going to miss the boat There's no other way to make money in the market other than this someone asked me the other day about other strategies I said if you want me to be honest with you, you want me to lie? I said, I'll tell you right now as a day trader Which is a tough tough tough business There's only one way to make money trading gaps Many people don't understand it. They don't get it. They do not know how to do them It took me three years of my life to figure this out and it works I hardly ever get it wrong. You can ask anyone that knows me and is trading with me So it was one of these things that happened today And I think people in the room that took that t2 We're concerned because we talked about it with kramer and I said it out loud what the lady said in the room But the fact is it worked. Okay. It was a short So why trade gaps stops the gap have big moves on the day number one Big moves. That's how you get paid stocks that gap usually have their moves within the first 30 minutes of the trading day once again quick quick quick quick quick Stops that gap have huge moves with small stops, which means it can make more money with less risk I'm going to look at some examples in a minute and stocks that gap have a sharp precision And this is the key that is very unique in the market. This precision will help you stay consistent So you can achieve your goal of making six figures a year trading if that's what you want to do Maybe you want to make more than that maybe you want to make less Some people have huge goals and some people are very realistic I think you have to look at yourself and look at your expenses and look at how much money you have to trade And I think you have to be somewhat realistic somewhere between what your dream is and how much money you have And what you're trying to accomplish in a reasonable time frame and figure it out Can you get there to make six figures a year? Yes, can you get there in a week? Probably not Not unless you have a lot of money. Could you get there in six months and 12 months? Probably yes Trading gaps and you're donating millions of dollars. You have to learn how to do it There's it's just invaluable to understand this People say is it hard to trade is it too long to analyze the gaps and I say no All I did was look at t2 last night and because I live and breathe charts I knew it would work now. I still get up and rate the gap. I still go through my process I follow my system and I'm very strict But I have an eye now a trained eye that I could read something to my sleep And one of the days it was last week or something. I couldn't even see the candlesticks I couldn't see the candlesticks and the thing was going and I just to take it here and put the numbers here because I had the numbers memorized in my head You have to learn how to read price if you're living and dying by feminine cheese and moving averages and all this other stuff that everybody has in the world You're you're you're gonna miss the boat All that matters is what that price is doing if you get in here and you get out here You can make money if you get in here and it's wrong and you get out here and it's wrong You're loose simple You can look money at 30 minutes or less in fast gap moves. You can do it So you don't need a hundred strategies. You don't need a hundred. You don't need a million. You don't you don't even need three You do not need a hundred strategies in place to make money the market You need one strategy and one play which works and you can even do it in one direction If you can combine one strategy and one play and do them extremely well You can make six figures of your trading you can do it and in a reasonable time frame So let's go over some examples how to make money fast in the morning gaps golden gaps And that's what I named my system. Let's look at it here. This was go go Go go, which is still weak as all get out this happened back here at the end of april Here's the gap Okay, here's this one here and look at the fall through that happened after the fact So sometimes you can do swing trades in these now i'm doing the day trades But you can do swing trades in these sometimes this was a good good gap It was a weak stock and it fell off the planet after the gap Do you see here if you don't know what to do with this you might think well It's going to fill the gap or something. No This thing couldn't even rally to save its life and look how broke after the gap The day before the gap the stock was up here at 1850 something now It's down here and open the day of the gap at 15 something and then within a week's time It broke 12 that is weakness. That's institutional selling So here was the move in the go go again open right here 9 30 9 31 9 32 boom You're into it. No hesitation. No waiting nothing at all. How do you know you can do it? How can you take the train? How do you know you could short go go right here and that it was going to do anything remotely like this Although this was much better than even expected You knew you could because you looked at the gap and you rated this gap This thing didn't even open yet. You get up in the morning. You look at the stock price You look at the price in the morning or your level two you look at and you see This thing is at 1550 or sure 1560 or 1575 And then you go here see where closed last night and you go through the points 1 2 3 4 5 6 7 8 9 10 You go through them And you rate it and they're low and behold the stock rates according to the system 20 points or more And go go opens up and you go for the go go and you take it and you short it and the stock dropped more than a dollar The entry price was 9 33 15 19 was the entry stop over 15 50 Again, this is an advanced risk This is an advanced you could divvy it up. Okay, if you don't want to take this much for trade But 2000 shares was 620 dollars exits 14 bucks. It actually broke 14 a boot down in 13 90 something Tele profit 2380 Rich tree word is 3.8 times the amount risk was made in profit What has opened? Mr. Langen has a question. Is it about the go-go slide? Can you see me or are you talking about the go-go? Has it opened? This trade happened in nine minutes. Okay, so you could have made $2,300 in nine minutes That's a very good living and you get on with your day Has it opened? Yes, it's opened. This is open Okay, you have to I don't I don't take pre-market trades if that's what you mean I'm waiting till at least the open okay so The bonus to this strategy is it sets up Right a ways and works like the go-go or what if it wouldn't have worked? I mean, what if go-go wouldn't have worked if it wouldn't have worked It would have failed immediately that I can tell you setups work in the first 30 minutes of the day They either set up or they fail So you're not even wasting a lot of time suffering suffering suffering down the trade waiting over hours No, either sets up goes and works or it doesn't either way you see right into the open how the price is trading To know whether will work or not conceptually you're seeing you're seeing Ooh, there's the weakness in the go-go and you do it within the first half hour of the day watching the stock trade You will see it set up or it won't set up It sometimes they don't set up and then obviously you don't do anything And this is why I'm not in the stock before it sets up. Okay But if it fails, you don't take the trade. Well, then you don't take it. You won't waste your time You don't waste your time with gaps another great thing again Get on with your life. Do other things go do your other job. Don't take care of your kids You're not going to waste a lot of time You're going to set up and go and you're going to be up Or they're not going to set up at all and then you see it and you don't do them Or they set up and if they fail they fail right away as you're out, okay The time commitment is focused on that first 30 minutes of the trading day. It's so key It's into the open there that opening part of the day That is such a challenging time of the day for people to read and that's that's that's how I can do everything I could do I couldn't even read anything though as well as I could if I didn't have that time period that time period Is so I can read that so so well better than any person that I know That tells me everything all everything is there. I go back to look at this. I see this I say oh look at that go go that thing just opened and fell off the planet that stock is so so so so weak The stock closed the night before at 1840 and opened down here the next day of 1550 The stock got down three dollars and opened and it can't get a breath of life That stock is weak. It's going to get sold off. They're dumping it. They're dumping go go go go And it gets dumped in the open this part of the day tells me everything I need to do about what the stock is Going to do not only today, but then sometimes Continuations If you had a job and you work for someone you'd never make this much money per hour $2,300 for how many hours of work one hour prep you're in you're organizing yourself You're scanning you're reading the gaps nine minutes in the train And then to sit What kind of job pays a thousand dollars an hour pay rate very few You either you work for a hedge fund. You're a CEO You're a partner in a law firm. You can't even make this much money if you're actually an attorney You have to be a partner where you're making a couple million. This is like two two million hours a year or more Specialized physicians. Okay, specialized physicians specialized regular doctors don't even make this much money There's very few people on the planet that make the kind of money that you can make in the stock market This is why everybody wants to do it. Okay The only thing is you need to learn how everyone wants to do it But people don't want to take the time and commitment to learn how It takes you a little bit of time out of your life in the course of your whole lifetime It takes you a week a month one class A six months to get to the point where you're making 100 grand a year. I mean people have to get real This is such a small small thing to get that could completely change your life It has completely changed my life My life will never be the same again because I know how to trade money in the market It'll never be the same again, and I'll never live without the market I'll never never not be a trader Here's another gap this I clipped. This is actually from Just a couple days ago last week, but actually it's continued here down. I even today. This is wfm Nick has a question here. I'll just ask this quickly. Do you mean percentage of your account? He's saying which money manager rules do you use to make six figures? Do you mean percentage of risk of your account on the train on the day? What are you where are you getting the two percent the five percent? Do you mean percentage of risk of the account per trade per day? What do you mean? What do you want to do with that? If you're risking if you have ten thousand dollars in your account Say you have a proprietary daytrain account. You have ten thousand dollars in it for example Risking five percent is a lot if you have twenty five thousand in your account Risking five percent is a little bit better. Do you see the difference? It's it depends how much money you have I think you the less you have the more conservative you want to be you should be if you want me to be honest with you The less money that you have the more conservative you could you should be and you know what's funny I'll tell you this right now before I go on The more money I make guess what I'm being more conservative. Isn't that crazy? And the more money that I make the less trades I'm taking I could take more I give myself more I could take more now and risk more than I did six months ago last year And I'd be more conservative Isn't it funny when I was young and started out and was doing this six years ago? I was a huge risk taker and just was swinging a big bat And I did have I did have a lot of money when I started I did but the fact is that you know I I should not have risked that much in the beginning because I didn't know what I was doing Okay, I should have been more conservative You have all the time in the world to actually make all the money in the world Once you know what you're doing and the funny thing is I could take more risk right now than I am and I'm not I'm probably going to start taking more soon I'm not yet Okay, but the thing is that I'm not taking that many trades and I could take more Maybe I do two a day. Maybe I only do one I usually don't do more than two three is a lot for me You'll find that the better you do the less you want to The rest you want to train you don't want to over train the commission start to add up It starts to be to the point where you're like, I'm happy. I'll take it. Give it to me market And then you're not greedy the when you don't have a lot here I'll just say this I don't want to get too off course here when you don't have a lot You tend to lean on the side of neediness and greed When you have a lot and you feel safe and protected and glorious about your life in the universe that everything's coming to you You don't feel greedy and you don't feel needy. I'm in a position in my life right now where I don't feel greedy and I don't feel needy You know When you when you're trying to make it and you've lost money trying to make it and you've lost money in classes And you haven't figured it out and you've given money to the market that you worked hard for And whatever reason you gave it to the market because you were doing trades you didn't know what to do You took another class it didn't work out that person didn't know what they were doing Whatever the reason is now here you are you meet me You you can't be needy. I it's hard Okay, go see a therapist. This is what I'm telling people You got to work through that the greediness the neediness the market smells it. It smells it like a dead animal It doesn't want to be friends with you then I'm telling you when you get to a place where your friends are the market It gives it to you it just give it to you it just gives you the gaps It gives you the sets up it gives you the information It gives it to you so easily you don't have to fight with it. Don't fight with the market It's your friend the market is your friend. Do not look at the market as an enemy the market is your friend What was on february 13th? The gap on the left of the chart would have failed correct as price was going back up just a question february 13th Are you talking about wfm this gap worked as a short you short of this is a day trade boom Stock went down here. This didn't fail. This was a short. This is a daily chart I think it does matter But that's your but see see this is where money manages your personal decision If you think it doesn't matter how much you risk depending on how much money you have Then that's your decision. That's your money management. That's your decision. Okay. It's up to you Okay, you can decide that for yourself You're the one that makes a decision how much you want to risk Some people want to be conservative. Some people want to be aggressive if you have the money to trade do it Do it risk what you feel comfortable with and money manage yourself correctly every trade has to be approximately the same risk That cannot waver Okay, and you need to stick to your targets and your money manager rules on the day You're not going to lose more than this much on any given day or week And you're not going and you're going to stop when you're up and you've met your goals and the trade is done You're not going to give that money back to the market that you've made profitably So if you're willing to risk five percent and you've got 250 grand go for it You have to be happy and accept that and want to do it. It's up to you. Okay I'm I'm giving people guidelines. I'm not telling you what to do with your money. I'm telling you how to trade Um Lou you have to go to a proprietary day trading account if you have less than 25 000 And I can refer you to some places, but that you know, look and look online yourself There's lots and lots and lots of places you can go and uh look into it If you don't have enough money for a retail account and actually you could open up a retail account But then you're going to be restricted with the number of trades you take You just can't take actively trades every day. We talked about this the last time I forget how many you can take a week or something. I don't remember three or five or I don't remember But you can there's ways you can do it. Okay So let's look here at the WFM Just got off target there a little bit, but good questions. Feel free to keep asking me the questions WFM Such a great guy it closed up here the night before At 48 something opened down here at 39 something and the stock set up right here This was one of the most aggressive trades I've done in the last couple of weeks And I talked about in the morning You'll see that the gap is a daily chart the stock closed up here at 48 open the next day around 39 something I talked about in the room and I said this is institutions selling this stock and hardly any traders are going to do this today Why it's crazy? Crazy gutsy trade very gutsy trade stock caps down $10 every night everybody thinks it's going to fill the gap Nobody wants to short this and nobody believes it lower and I rate the gap it goes with my system and I shorted it here This was it ran $2 So, you know, this was institutional selling traders did not do this gap This is not being sold off by traders. It's institutions That's what made the gap in the first place and it continued it down and it was a great great great trade Entry time is 933 price is 38 97 stop over 39 20. That's a great stop 23 cents on WFM. That's a gift from the market You could have taken 2600 shares approximate risk 600 Exit 37 35 just ended up being the low the day didn't go to 37. That was a dream target You could have made over $4,000 in 30 minutes 42 12 advanced risk if you split this in half and risk 300 you could have made over 21 100 still terrific money The risk you were to seven that means for every dollar you made seven Oh, there it is trader XYZ said three days and three day trades in five days Can you use this with into EPS? Yes Can you use this with currencies? You can use it with everything you said in their name except for the currencies I I don't know I don't trade currencies and I never ever did but I'll tell you one thing There are 24 hour market except for sunday. So they don't have any gaps except for that one day So There you go. You would have to try it. You'd have to have the gap You'd have to try it the day of the gap now that being said You could read the gaps that happened once a week in currencies And you could determine overall directional trends to play them in the days in between in the week to play the trends Right, you could do that You'd read the gaps Even if you only had one gap a week and the stocks are the currencies that you would be trading You could read the overall trends better if you understood conceptually gaps and you rated the gaps that happened Even though you'd only have them once a week Uh, I've had a bunch of people take my class with futures. Lou. I can refer you to those people Email me. I'll give you those people's names because I never did it with futures I'm not doing anything with day trading. I'm just straight out day trading to stock I've had people take my class or doing everything futures options all the gamut And nobody's done it yet for the currencies somebody's going to sometime because people keep asking me somebody's gonna do it So I can refer you to people that are doing these other things. Just email me Okay, let me go to where we were here. So rate per hour wfm Again crazy good You don't even need to do anything else the rest of the week if you make four thousand dollars in a week in one Train you're making 16 rent a month now. Are you gonna get that every train? No, no, you're not but you will get it in trades You will get it in trains You will get a train like this in a great gap like this that you hit it out of the gate and the stock rolls over and falls off the planet why institutional selling institutional selling into the gap Pure hard selling that happens for no other reason other than the fact that people that are long to stop Hedge funds banks and whoever else in the world don't don't want to be in it anymore It's the panic the panic is this panic This is panic if you were long wfm if you own the stock if you bought it Into this rally here somebody's just asking about this. What if you bought it here? What if you bought it here? You bought it at 55 or 54 and you were like down a little bit here and down a little bit here and down a little bit here and you were like, I'm just gonna get it back I'm just gonna get it back. I'm just gonna get it back to the break even as soon as you guys I'm gonna You get up the next morning. Look at that It was a terrible trade to go along this anyways, but this is what people do This is what people do they do it That's how you're able to do it and read the people to make money. So who is a system for Anyone You don't have to have an experience training where you can learn my class and take my class You don't have to be any certain age. You can be from any walk of life You got to be able to afford the class and afford to trade And actually it's more important to take the class and learn how to do it than anything else The systems for anyone anyone that actually is What I call an entrepreneur Someone that actually wants to do something with their life for themselves Someone that wants to set their own course someone that actually wants to be successful Someone that wants to do something that they care about that's exciting to them. That's passionate I am very very passionate about training the market. I'm very passionate about making money It's a tie now. It's a tie between training and money Used to be when I first started out that I wanted the money badly And then that overshadowed my ability to be able to trade well Then I came back to a sense of balance where now all of it comes together and it meshes very well And I'm going to stay to balance with the money and trading you have to be in a state of balance If you're not in a state of balance where you're too focused on the money You're not going to make the right decisions about trading You got to get yourself back into balance so that you can be successful make money trading And I find that having a system which is what I teach people in the class helps them get back into balance Because I'm saying look at this focus on this it gives them their eye and their brain Something to do in the morning instead of going haywire with money So to make six figures a year you need a complete system What is necessary for a complete trading system the following components specifically and in their entirety Number one a strategy number two a play number three a concept to give you an edge And and for me actually a lot of things that give me an edge gaps give me an edge because most people do them wrong Or don't do them at all I'm playing with institutional money the directions of the institutions that gives me an edge I'm shorting. I don't do longs. I only do the shorts I might do along once a year and I sometimes call longs, but I short that gives me an edge I'm aggressive. I'm trading in the beginning part of the day that gives me an edge Okay, I teach the calculations of the targets in the class nick in the gap class. I teach that I teach the entries. I teach the exits. I teach the targets I teach the plays. I teach the stops whoosh, which is the play in the market So the class is called the golden gap the golden gap system. It is a 26 point professional bearish gap rating system That's how I need to do t2 fossil today the wfm knew the goga was good The purpose of this system is to help you evaluate which stock that is gapping to trade each morning using a checklist This checklist is invaluable This is what you're paying for when you're taking the class to learn this information So you know how to direction to trade the stock Do I short it do I buy it? Where do I get in? Where do I get out? Should I do anything with today? Should I listen to kramer? Should I listen to kramer and buy t2? Or should I rate the gap? What should I do? I think I'll follow melissa today I just made money Okay, you have to have a system and you got to follow it and you can't let anything like a television show or anything I'll set you off course Making money in the market is addictive. It's absolutely addictive. It's addictive. It's like eating chocolate Okay, making money fast is addictive I'm in a space where I love to make money as soon as I count in the morning and I really just get addicted to doing that As soon as you take the trading you're up and you're up this kind of money It's addictive. You'll want to train. You'll be in love with the market. You'll be passionate about trading You love gaps. You won't trade any other way. You won't feel like you need to Everyone that's asking me about doing options of futures and everything else Do you know that people come in and take my class and have that in their head? But they're gonna do that and then all of a sudden they start trading the equity the straight out equity Just like me with a share size to get the moves and then they're like Woo, and then they're doing exactly what I'm doing because it's working and then they're up and then they want to do it It's addictive. It's like chocolate The power of the gap to make six figures a year is real And I'm going to just touch on one thing here for those of you that like to swing trade The class teaches a 26 point gap rating system to day trade However, the system can also be used for swing and court trading these stocks for even bigger moves These moves can continue for three to five days three to five months or three and five years I've seen it taking trades and making investments for the long term can help you save for your future So you can do lots of things with it. Cree is on the move. I did Cree as a day trade This is going people. This is broken the chart isn't a downtrend The chart is broken Cree the entry for the swing trade was back on the gap for a court trade was back there Uh, you'd be put the stop over the high of the gap. You can take it Cree is lower Cree is an actual core swing short. It's real Uh, I don't know if it can be program. I have no identity. Nobody ever asked me that before Uh, I don't know you could try if you want to do it Um, melissa, can you look at z-zoo and see why the gap down didn't work? Yeah, let's look at that We look at the market trader xyz I didn't like that today though I don't remember why but I didn't I didn't like it. I saw it our rich people successful Because they just work really hard. No, no, they're not I'm sure a lot of you work hard at your jobs. A lot of a lot of people are actually hard working people. Okay Some people are lazy, but a lot of people are actually hard working. Okay, and they're not rich And it gets frustrating and they come home at night and they're tired and they say why Because it takes more than that People who are successful are willing to take risk. They're willing to take risk They're willing to go and get the cheese and feed themselves and take the trades of the market and learn a system Not knowing the exact outcome before they actually do it and trade it and learn it They're willing to take risk and people that are successful are willing to take risk If you want to be successful, you have to decide how are you going to plan this success? How are you going to do it success requires a plan success also involves risk successful people don't spend time thinking Why opportunity passes them by? Successful people meet their goals year after year. They exceed them. Not only do they meet them They exceed them people who take risk get rewarded in life because they are willing to take a chance Success does not come without taking a risk and making an effort if there wasn't a risk involved The reward would not be so great If there wasn't a risk involved in trading in life everyone would be successful It's true. Everyone will be making six figures a year, but that's not that's not the case It's not the case in life. It's not the case in the market And it's not because not if people don't want to work hard because many people do So why why isn't that set successful people apart from regular people? Successful people are willing to take risk not knowing the outcome and not only that they believe in themselves They believe in themselves They believe their own ability to make the right decisions and the right choices They know that they're going to be successful They know that the essence of exactly who they are is someone that is successful and they plan They have a calculated risk. It's not crazy willy-nilly risk It's called calculator risk and that means a plan of action calculator risk in the form of a plan of action What is your plan? How are you going to achieve the monetary goals you've set for yourself this year? Where do you want to be in the future? Taking the golden god class is the first step to assist you in achieving the financial goals You have set for yourself and your family to trade the market not just for this year But for years to come someone said to me well, how quickly can I make back the $2,500 for the class? And i'll go over the class cost and the dates in a minute I said, you know what? You're thinking about the wrong thing You shouldn't be thinking about how quickly it's going to take you to make that money back You should be thinking about the fact that you're going to learn something here that works in the market That you're going to be able to train for the rest of your life The rest of your existence that you're going to be able to train successfully and make money from the market In a way that your friends and your family cannot that you're going to make not only $2,500 back but way way more Don't be short sighted the market sees it The market sees it Remember a class is an investment in yourself. It's an investment in yourself You love yourself enough that you actually want to make something of yourself You want to be successful you want to make this kind of money and you don't want to work really hard And you want to work from home and you're tired of being a slave to other people and you want to be in control of your own life The golden god course will teach you a strategy that will help you sustain yourself in the market It's about consistency It's about longevity and if you want to have longevity you need to produce consistent results Otherwise you won't make it you won't you have to be consistent and the golden god course teaches you how to get consistent results In your trading know that if you want a life with personal freedom and a six-figure income you need to make a plan You can't just throw yourself into the market without a plan It's about self empowerment So the class is a course that is a complete system to use to trade I teach the targets in the class the entries it exits the setups And how to rate the gaps the class is called the golden gap course It is a full two-day course on how to strategically find pick-and-play stocks that are professional bearish gaps Retakes are free if you sign up for the class you can do it whenever you want to You can do the day one one weekend do day two the other weekend Retakes are free and the class is online. You could be anywhere in the world and take it The class dates are this weekend a 17th and 18th 9 to 5 The cost is $2,400. I'm also doing a weekday class next week Monday Tuesday Wednesday Uh, which is going to be after the trading 12 to 4 monday 12 to 5 tuesday and wednesday for the people that work on the weekends or have family Things they have to do email me at molestatestockswish.com if you want to sign up I already have people registered. I only take a certain amount of people every class because otherwise I can't answer everyone's questions and I'll lose my voice if I'm talking until nine o'clock at night So I want to keep the class within the time frame of the hour schedule So I limit the number of people I take each course So if you want to do it get in touch with me and I'll send you the sign up sheets I also do a class called the trends course. This is June 10th and 11 from 12 to 4 This class is a course on how to read trends and stop charts if you're a longer term trader This is a good class if you're want to do swing trades or overnight trades. This is a good class for this It's above and beyond and on top of the gap class the gap class teaches you directional bias and how to trade gaps Day trade swing trading core trade the trends class teaches you how to bring longer-term trends Which helps your day training skills and it helps you and is vital if you're a swing or core trader I'm running a special you can do both classes and save 499 dollars if you want to this month I ran this special last month and it was very popular So i'm running again this month now because it's earnings season second quarter and people want to learn as much as they can to trade Right now and start making money I I I I'm ever people take my class and want to start trading money immediately But you're so sorry to trade people are trying to set up their accounts to trade before they even take the class You've got to take the class first Just take it one step at a time Take the class learn it you have all the time in the world to take my trades and calls in the room and and get the system It's it's exciting to see people that they want to do it It's exciting to see people that i'm teaching making money It this is the reason why I have such great students and they're willing to talk to people because they're doing very well It's it's very rewarding if you want to learn how to do this You can contact me or give me a call or email me Know that you kind of have the personal freedom that you want this year. It's not too late, but I will tell you it's may It's almost june half the years over if you've been trading or in a job That's a dead-end job. You're trying to figure out something to do half the year is gone It's really hard to believe and before you know it's going to be july 4 So we're going to do the live market review here and i'm going to answer some questions and i'm going to look at zoo for trader xyz How many charts do you monitor one time? I only look at one thing at a time That's it I only have two monitors one. I have my live platform up I'm in something I have that there and then I have the room and then I have the other one where I'm looking at different things But only one at a time Do I research 26 points are ready for the market opens and check the short list in the first three minutes What do you mean check the short list? I can check the short list Way before the first three minutes. I check the short list when I roll out of bed. I check at the short list Um, and yes, I do figure it out before the market opens. I start the room at 8 a.m I'm like get up at 6 o'clock in every morning. I look at stuff You'll be available after 24th Okay, chris You're welcome Does anyone have any other questions for me right now about the class? Anything I talked about in this webinar anything at all we have a couple minutes here If not then Kathy's going to flip everyone over to my live trading room if you have Is it java kathy? You might get lost But if you don't I think you'll be fine Here's my email I don't monitor a lot of things at one time. There's just no reason to I can flip and scan through stuff pretty quickly though But you know, I I'm just Usually only in one trade at a time or two trades at a time. I'm not in a lot of things at a time. So That's why I don't have to really worry about it. All right Kathy's going to bring everyone over to my room. I'm going to click this off. I'll see you over there We're going to go over the market. I'm going to look at the zoo and I'll answer any other questions over there Thank you everyone For coming if someone can't join prepping just send them my email if you can You're welcome. Thank you online trader central Thanks tab. Lou come over to the room