 Hello there everyone and welcome. This is Melissa Arma with the Stock Swoosh and I'm reviewing Target. Target was a bullish gap up and it was a bullish gap which is interesting because I mostly like to look at the shorts but in this case Target was the golden gap of the month for August and the advanced trader results for this gap were 55,980 dollars. So this was one day trade and then a few options trades which I'm going to go over with you but this was all in the month of August and it was the gap of the month. So when I look back and I say gosh you know the market was had such a drag on it in the month of August and Target just surpassed expectations and and acted fabulous almost got to the dream target of 110 that shows me just how strong Target is because if the market had been backing Target in the month of August which it it did not Then this would have flown. I mean it would have gone to 110, 115, 120, 125 Okay, so we're gonna look at the chart but Target is definitely one of those retailers. I would say that it's worth watching If you have any questions, you can email me at Melissa at thestockswoosh.com or call me at 929-3200 Gap Follow me on Twitter, Facebook, YouTube or Skype So if you're interested in making money day trading I do think that you can however the focus is key in order to make money because a lot of people are all over the place and one of The reasons that day traders swing traders options traders Fail is because they're not focused and there's a lot of things that you could be watching on any given calendar day Some days fundamentals some days technicals Personally myself. I have in the background the news that is happening, but I don't make Decisions based on that or fundamentals. I am looking at the chart and I'm looking at the technical analysis reading in the gap Okay, so here is the chart of Target Actually, when was that date? Yeah, so I called on the 19th Here was the date I called on the 19th. I think it was a Monday. Yeah I called calls on the option letter for Target and to be honest with you on this particular day I thought the stock was going to rally and it did have a rally The trade that I called was profitable in this two-day period before the earnings But it it really didn't make the move that I anticipated That's the best way I can describe it on this period of the two days And then it did on the earnings so Target closed here gapped up and Just ran up like the dickens and again a dream target on this was 110 We're gonna go over the trades I called on this But this still Despite the fact that it didn't get to the dream target when you look at this and the stock closed the night before around 85 and change and Within this two-week period ran up to 109 and change That is a fantastic move for a stock like this and it really did it on its own It did it on its own accord Okay So the day trying to called was the day of the actual earnings in the live trading room You would have had to be in the trading room to get this call Entry was 9975 shares was 2000 there was an add-in this at 160 set up total shares and 4000 exit one-to-one ninety profit as the day trades This is an equity trade not an option 6,880 with an advanced risk because this is 4,000 shares now you when you're looking at your day trading account if you're trading on Margin whether it's at a prop account or retail account you have to look at the Maximum amount of position size that you can take cash wise and also Margin wise to take a position, but either way it was a profitable trade So on the Monday the 19th I had called the 87 calls because I thought that was gonna move up on this particular day And again, it was a profitable trade for the earnings, but the big move happened into the earnings expiring to 23rd so that was that same week Okay, so I called on the 19th that one just out for the week and and the dates that I called the options trade So, you know vary Cost of this was 240 on the Monday 30 contracts, which is an advanced risk Okay, an advanced trader would have been 7,200 exit 15 profit 37 800 following it into the earnings So let's just say you had done this trade and spent $2 and 40 cents and bought one We've been $240 would have been your risk and you could have sold it and made a huge profit So I'm gonna go back to the chart here. Just to show you What occurred? So here was the call on this day here. It's a little doji 19th of August 20th boom Here's the move and And then I mean to be honest with you it actually continued more. I'm not sure that anyone would have held this Through the week, but it did continue higher But with that type of profit and that type of movement and that type of guy It really makes sense to to book your money because it's never over to the fat lady sings when you're in a trade until the money is off The table so then target just was going and then I realized that on that day So on the day of which was Wednesday on the earnings into the morning I call the 100 strikes another trade that work flew over the number cost of this was cheaper again Expiring on the 23rd because I was seeing that the moves gonna happen on that day or the next day or before the expiration Because this was Wednesday expiration Friday cost of dollar 70 contracts 40 again Your risk should be same or close to the same in every trade you take whether it's an options trade swing trade or day Trades your results are consistent exit three profit five thousand two hundred on a 40 contract Size and that's not nothing. I mean when you look at the price of target This was relatively cheap when you look at it, but actually, you know target is not a cheap stock I mean target can move it can have big moves and that's what it did then on Thursday I called another one the 105s 105s dollar 50 50 contracts for 7,500 exit at three Profits 7,500 again another big move. I'm gonna go back to the chart again here So you can just see where this went do you boo? Okay, I Mean this stock almost actually went straight up like a rocket Then on the 29th, I call the 108th I mean it just kept going and going and one thing that I do if you join the letter or join the room You'll see like I will hit it hit it hit it hit it hit it If I'm seeing them that it's gonna take it to a certain number and I did that with Alta called it boom boom boom You know, I did that with Disney. I did it with BYMD. I mean we did it with target I mean, it's very obvious. You're just taking it taking it taking them You're playing into the momentum and that's that's how you make money as a trader So this is Thursday morning the pre-market before the open Expiring the 30th cost 70 cents dirt cheap 90 contracts 6,300 risk exit a dollar 10 3600 profit Again, that's the 108th went through that number and I called the 110 same day it was too late probably I guess in the day but Anyways, this one did not go did not go to 110 was a loss and again You know, do you will have trades not every trade will work But more trades that I'm calling on this letter and in the day trading room are profitable and work and our winners Then our losers and I think it's it's basically up to you to decide the amount of money You want to risk and how you want to manage them? Some people got out of that target trade Before the earnings and they made money and that's okay That's okay. I mean when you're making money. That is a positive thing. It is a positive thing to book money I say book it book it book it if you held it you made more Same thing with some of these other ones I called in here when you're making money You cannot criticize yourself, but you can criticize yourself for being up money and then Losing the money that you made and losing the money in the risk So one thing that I teach people is book money when you're up. It's important So if you want to learn how to make money trading options if you want to sign up for the options newsletter You can it's about working for yourself. You could do this inside or if you have no job or just do it when you have time Because the options trades I can call it at any time throughout the entire trading day But how am I calling the trades? I'm using the golden gap point checklist Every single gap that I call target was one of them on the multiple days. I rate the gap And I teach my method in the class called the golden gap course Class was September September 21st and 22nd 9 a.m. to 5 p.m. Eastern time across the class is 64 99 Classes online could be anywhere in the world and take it if you want to just sign up for the options newsletter Where you would have received the options trades on target they get emailed to you They can come anytime of the day you take them yourself you manage them yourself the trades are emailed to you It's 59 99 a year you can sign up and you get all the trades for one year So whatever you're interested in doing learning the system doing it yourself taking the trades in the newsletter It's totally totally up to you But target was the golden gap of the month for august a spectacular move no matter what anyone says Really really really a nice move in that and he could have actually done several days of day trades in that I think there was one day I called it and then it was late though and one person I think did it but all in all target was very bullish target is still bullish I would wait and see what happens here now obviously with the mark on the holiday week But that was a nice move and I will be watching that chart to see where it goes Between now and the end of the year and the next earnings. Have a great day everyone