 Good afternoon everyone and welcome. My name is Melissa Armo and I'm here to introduce you to the Trends course. This is a course designed to teach you how to accurately comprehend the directional bias in a stock chart. It's a class designed by me Melissa Armo. Many of you know me, if you do not, I started trading, day trading specifically at the end of 2008. It's 2016. It's really hard to believe. Time just flies and now I love the market and I trade a strategy on gaps and I teach many classes, but this class is about learning to read long-term patterns and charts. I like to start out all my classes with a quote. This is from Jimmy Dean. I can't change direction of the win, but I can adjust my sales to always reach my destination. So what does that mean? It means you got to be in the right direction, but you know what? You can adjust. Why are trends important in trading? Well, the number one reason why trends are important in trading is for you to make money taking a trade in the right direction to profit. Understanding and reading the trend correctly will make or break you as a trader and this is true. In fact, it is so important that it almost gets overlooked. Suddenly because people assume they know how to read a stock's trend, I can't tell you how many times I talk to people and they tell me, I know how to recharge my list. I know what this is doing, but you know what? They're losing money. Ultimately then, they're not reading it right. They're not reading the direction right. This is so, so important. In fact, it's so important that it almost gets overlooked. The very reading of a stock trend is so commonplace that people forget how much attention they should be paying to it. It is vital to the success or failure of a trading position because if you're long something and the price is dropping, you're not gonna make money. And if you're short something and the price is rising, you're not gonna profit. This is common sense. It is so significantly obvious that it often gets overlooked. Why? Because people assume that the reading the trend of stock chart is easy. Many people assume this because they read trends based on pivots or pivot lines or support and resistance. And if that's all it took to read a trend, no one would ever get it wrong. But that's not correct. Why are trends important in training? Well, if it were easy to read the proper direction and chart, then a lot more people would make money trading. They lose money trading the market. I mean, think about it seriously. And as you know that it's not the kinks, it is important to note, if you err in your direction of bias too often, you will lose money. And you don't want to do that. You're doing this because you want to make money, obviously. If you read the dimensional bias correctly, you will more often make money. Again, common sense. However, even if you get in with the trend and you're on money, that is not enough. If you fail to read a change in trend for the proper timing to exit your trade, then you will get back the endless profit, which you don't want to do. Knowing the trend is important for entry and exit reasons if you want to be successful in the market and everything you need to do to be successful you need to do. Understanding the trend and read it correctly should not be taken casually or lightly. The number one reason why people lose money trading, the number one reason, here, you're all today. Here you are. I'm telling you right now. The number one reason why people lose money trading is that they get the direction of the trade wrong. That's it. They completely misread the trend. They're getting in when they should be getting out. They're getting out when they should be holding on. They do not know what to do or how to do it or when. People misread what is going on and they do not have a clue what to do next. They have no clue. So, because of a lack of knowledge, you do nothing, which is not the best idea in today's markets. I'm telling you right now, this sounds so common. People want to make it very complicated to say, well, I'm losing money trading because I lack discipline or this or that. The other thing, no, no, no, no. The number one reason why people lose money trading is because they're in the wrong direction. If you were in the right direction every trade you took, you'd never lose. Think about it. Many things that I teach, philosophies, my golden gap strategy, the trends class, the golden gap class, the 26 points. My overall philosophy about trading on the side of institutional money is one major factor, which is that you must get the directional bias right in your trade. And if you did not, you're going to lose. And if you get it right, you'll win. And if you get it right, you'll win. And it doesn't even matter where you get out. Do you understand what I'm saying? So think about it. This is very, very important. If you are interested in signing up for the trends class or learning more information on trends or gaps or reading gaps and trends, or reading directional bias so that you can make money in the market, email me at melissa at the stockswush.com. Thank you, everyone. Have a great night.