 there everyone let me know if you can hear me let me know if you can see the slide I have the slide up excuse me great wonderful thanks for being here everyone just was watching Netflix earnings which came out tonight and it is getting pounded stock is down big time right now so very interesting to be watching the sell-off in that probably we'll be looking at that later this evening myself and tomorrow morning but I'm going to talk to you here tonight about my training strategy so you're lucky if you made it tonight because I'm going to discuss to you gaps and it's been a really solid year so far this year and this week has been great earning season has started and as I just said Netflix had earnings tonight it's happening right now live and when stocks have earnings they tend to gap now there are many reasons that a stock may gap could be news could be the CEO got fired who knows a million million different reasons okay but I particularly like to watch stocks so I will look at the market but I prefer stocks companies that you know like like I said Netflix so I'm going to talk to you today and this evening but how you can make a six-figure income working 30 minutes a day trading one strategy I focus on one pick per day every time that I'm getting up in the morning what I'm my procedure what I do as I'm looking for one thing to trade daily today with CSX and we will go over that in the webinar today this is me and if you have any questions you can reach out to me at Melissa at the stocks wish that comma call me at 9 to 9 30 200 gap and you can follow me on Twitter Facebook YouTube or Skype so a lot of people want to trade but they don't know where to start and then there's people that are trading and they found it difficult and you know it's very interesting because when I started out it wasn't easy for me either that was a long time ago 11 years ago now but I gradually stumbled into actually it was Netflix I did a gap one day and I made a lot of money of course at that time I didn't know what I was doing but I realized you could make a lot of money with gaps and then I totally focused on that and then I developed my own system for choosing the right stock to trade daily so that is what I do and it really is about the focus if you want to make money in the market you really only need one trade one solid trade one stock one stock pick and you can do it as a day trade or you can do as an option okay now what do I look for I'm looking for institutional money now for those who don't know what that is it's big big buying or big big selling in the case of Amazon this is monster buying the stock is getting bought up institutions are buying Amazon now this is before today I didn't see how this closed today but the stock was back up near the previous highs up here around 2050 and this was the rally in June and the rally in July so institutions are buying the stock the price of the stock not was standing it is definitely getting bought okay again I think pretty much everything fell today with the market but institutional money is how you can profit as one individual trader where you don't need to be necessarily taking a massive size to get a certain amount like people to trade penny stocks which I don't do I think they're junk or what they call low float stocks I think that's junk too when you have to take 20,000 shares or 10,000 shares of something to even make a thousand dollars that's just too risky in my opinion so that's not what I do taking a thousand shares or two thousand shares of a stock that moves two dollars three dollars four dollars or more now that's realistic okay and it's a much safer way to make money than stocks that have low volume or again what I was calling penny stocks or low float stocks we have to take this massive size okay make sense now this was crocs this is an example of something that is not getting bought by institutions I did not do this but I'm showing you here the stock gap up but I would not have gone long this show Amazon's example of buying this is an example of something that isn't getting bought by institutions although it had a rally it was really day traders or little traders not institutions okay in this stock this just happened recently I think this was this week or last week so when you actively day trade there's no overnight risk okay you're in control of your money you're in between 9 30 and 4 you're in and out and so again because you're trading on margin when you day trade you can take a bigger position than you could if you were in and overnight you get in you get out in out you could be in and out of position five minutes 10 minutes 15 minutes very very quickly okay so it's important to understand where the momentum again is coming in okay and any questions I'll just write in here if you have any questions just write it in the room I'll see it and I'll answer the question out loud okay a million one can see everybody's questions but anyways when you're actively trading the returns can be incredible and even doing options options or day trades and it's because when you think about it say if you put your money in a savings account I mean I think today you could probably get around 2% if that but the fact is that you know it takes a long time to earn that when you think how can you turn your money over when you're day trading you can turn your money over one in a day sometimes two or three so say you risk 500 bucks you could turn that $500 into another $500 which would mean then you'd start with 500 risking the 500 and then have a thousand when all is said and done and that's the benefit of looking to actively day trade it's not passive investing you're in your out quickly okay and again there are high returns when you look at it versus investing which is one of the reasons that I'm comparing it because I think a lot of people are into this thing where they're thinking the buy and hold philosophy that buy and hold philosophy is not what this is about this is a long-term investing although I've read long-term trends and stocks in the market that's not what this is if you're trying to make money as an active trader then active is exactly what it is you're in and you're out you're in and you're out okay so it's a way of producing income you're getting the fast moves the quick moves whatever that happens to be and we're looking for the fast moves in the first half an hour of the day all right so you are putting your money in for the risk but it's not like long-term investing so you have to think of it in a broader spectrum and understand a lot of people are used to buy low sell high and holding holding holding that's not what day trading is okay so when you have goals I say to look at your goals in the bigger picture if it helps you to break it down which I find for many people it does you look at it per year per week per day this does not mean that you'll never have a losing day some days you will have losing day some trades do not work my system is about an 80% win ratio so that means of every 10 trades ain't will win and two will fail so you have to account for that and that's one of the reasons that I use stops and I teach people to use stops it's important it's like the insurance okay but you chunk it out so over the course of a week over the course of a month you are profitable okay actually we haven't had a losing day in quite a while here even even though we're in season just started I've been extremely focused so let's talk about BBBY BBBY was a gap down that happened just back early July was on the 11th here it is stop closed here gap down now what is a gap for those of you that don't know it's the difference between the close in the open the stock close here the night before around 1150 and open in the morning around 11 and we shorted it this tally thing here is where we shorted it we got in and out and it's hard to see this here but the stock dropped now I'm going to show it to you in a one-minute timeframe what we did so the stock closed up here gap down we shorted it and we got the drop and this is all that you need to make money as a day trader this doesn't look like much but it is it's real money how do you get this kind of money out of this directional bias getting the direction right and getting the entry right and getting the pick to know to get this sell-off to come into it which is exactly what we did so share quantity in this again this is an advanced trader risk although I'm going to go over beginner risk 8,000 shares and you could take this much size in a stock like this because it has volume stop is 1105 risk is 1840 entry 1082 exit 1061 so you shorten it boom get the drop out and actually I think the low in here ended up being 1040 or 1030 or something I have to go back so that you could have even made more in this we had a we had a quick exit on this but again in out in out that's your job as a trader you're chunking it out okay tell them a profit $1,680 so a really really really nice move in a fast timeframe which again is what I'm trying to focus on quick quick moves okay so that was I think that was last week this isn't a beginner risk a lot of people say well do you need a lot of money to trade no you need $2,500 minimum to open up a proprietary day trading account and 2,000 for an options account share quantity for beginner is 800 you would have risked $184 and you could have made 168 bucks this is in less than 15 minutes 10 minutes out of your day and you're done so a lot of people if they have other jobs transitioning from a day trader actually something that's doable because they can trade in the morning and then go off to work and if you're in a times on the solar than the market it's also beneficial now bill is asking a question let's go back I get this question a lot and bill I think you were in some other webinar when you asked this or maybe it was somebody else bills asking about he says this is his question so you put $86,000 into that trade no bills asking about something that's a question that I get a lot that I should just do a whole lecture on on YouTube actually when you're an active day trader you day trade on something called margin okay so margin is you get margin from the broker so this is not a position where you are buying the stock and you are actually getting the stock from the actual broker and you're hauling the stock or you're getting the stock certificate this is trading on margin every active day trader trades a margin some people trade 4 to 1 margin some people trade on 2 to 1 margin some people trade on 10 to 1 margin okay so say you have a stock and I'm just gonna make it easy here that is an $11 price point even though the century was under 11 bucks 11 times 8,000 is what 88,000 that's not $88,000 and cash and dollars and cents that's 88,000 in margin so if you have a prop account with 10 to 1 margin how much cash would you need you would need $8,600 or $8,800 because I'm using the 11 by 8 example if you had a retail account you must have a minimum of 25,000 to trade in which case you would have had that in here to take this trade with a 4 to 1 account I think a lot of people are not familiar with margin and that's shocking to me but I really should do a whole lecture on that and Bill obviously you're not familiar with margin you did not need 86,000 or 88,000 dollars in cash to do this it was a use of margin in a prop account it would have been 8,800 and change and in a retail account you must have 25,000 in order to trade at a retail place and the margins 4 to 1 so you'd have a minimum of 100,000 which would have allowed you to take this position does that make sense Bill and anyone else that doesn't understand margin ask me ask me because this is an important aspect of trading this is margin is what allows regular people to actually actively trade if everybody needed a half a million dollars or a million dollars in cash to take any sizable position it would really limit the number of active traders in the market and there are there are a lot of places again you know it's up to you where you want to trade but there are some places that give huge margin 20 to 1 margin someone saying they can't hear me Kathy can everybody hear me I don't I don't I honestly don't know how to turn up my volume anymore Kathy you can let me know or can everybody hear me I'm on top of my mic here at my desk maybe turn your volume up h5 um Kathy are you there I don't know how to turn up the volume on hotcom but it's up on my my mic so build it do you understand what I just explained about margin in fact let's look up let's look up Netflix since we're on this topic here I'm gonna pull up Netflix because Netflix is expensive it's an expensive stock so there's gonna be a good example here now I'm not in anything in this right now and I don't know if I'm gonna do this tomorrow but I might but let's make a pretend example here so Netflix okay say you wanted to short Netflix tomorrow and I'm just making this up don't anybody do this trade I'm just want to give this example here for Bill's question say you want to short Netflix at 320 okay so say you want 320 dollars a share is what a class so that's very expensive if you wanted to take a thousand shares times 320 per share you would need 320,000 in margin not cash but that's still a lot of margin so you would need let's divide that by four if you had a retail account you would need 80,000 in cash in a retail account or you would need 32,000 in a prop account with 10 to 1 margin what's another way say you don't have either one of those say you don't have 32,000 and say you don't have 80,000 and you want to trade Netflix say you get up in the morning you really like it rate the gap it's gorgeous it's fabulous whatever you really want to do it what could you do you could do an option in it okay you could do an option yes Robert's got it so this is another way to trade it now I don't think this is going to be cheap tomorrow I could be wrong I have no idea where this opens tomorrow and I have I'm not going to rate it tonight because tomorrow's a long way away and the stock could look completely different it could be at 300 tomorrow morning it could be at 340 tomorrow morning so I just I'm going to wait till tomorrow morning to watch Netflix but I will tell you that it may or may not be cheap but even something that would be expensive or what I would consider expensive for an option in this will still probably be completely worth it meaning cheaper than what you would need to short the stock outright that you need any margin at all so let's pretend that you that one contract which equals a hundred shares okay let's pretend the cost of it is seven so that means you'd pay what $700 for one or a hundred shares now that pretty much anybody could do if I mean you have to have $2,000 in a trade in a county even trade options so again that's a better way to do it now there are some stocks that we trade though that don't make any sense to do options so I don't call options trades in them and the trades I call in the day trading live remember different than the trades on the options letter most of the options that we do though tend to be expensive because it just makes more sense however a stock like this I might do both I might day trade and do options but either way that's another way to take advantage of trading the stock without having to even conceive or worry about margin but you do need to make sure you get the the cost of it right with the strike of it right with the expiration period right and I want to get to off topic here about talking about options but that is another way that you can use my system and I do have an options newsletter that you can sign up for just to get the trades and there's no prerequisites for that but all in all there's many ways to be active in the market to make money without having to have 88 grand or or you know hundreds of thousands of dollars okay look at this here this is really tanking so Gallo had thought this was up so I'm glad nobody did any trades in this I had considered doing a trade in both directions in this as an option knowing one would go bust I almost did that I sort of wish I would have now but I knew either way this was gonna have a big move I was right I was definitely right I didn't do that I would have taken two trades one would have worked huge and one would have been a loss I thought about doing that for about the last 24 hours and I've never done that before because I hate to take something to both directions I didn't do it I didn't call the trade I kind of wish I had here now looking at this I knew this would have a big move but I'm not gonna rate this because it's really difficult to say where this is gonna go tomorrow now because you can see here as we're talking to just drop two and a half bucks so this is this could be it this could have a tune in front of it by tomorrow morning I it's just really hard to say what it's gonna do tomorrow until I get up and as let's get back to where we were okay so does that make sense so different ways to trade the stock and it's affordable no matter what you want to do really but you do have to know how to place an option trade it's different from an equity trade it's not exactly the same but you can use my system the golden gap system okay you can use to do in either way because you're just trying to get the direction that's all that it is you've got to get the direction right how are you gonna make money and something like this BBBY it drops how you're gonna get money and something like I don't know I can't think of anything right now that's rallying but some best stock that would be rallying then you have to go along it okay now let's talk about CSX this was today this with the hilarious thing about this today is I really did like this and I held on to this what I thought was a good period of time it fell off a planet very late in the morning which was really hilarious but again I think that our goal as a traders are to get in and get out with profit but this ended up dropping ridiculously more after we got out and sometimes that happens let's look at this what happened here it got sold off stock post here the night before around 7950 boom open in the morning around 7325 it was a short so we shorted this in the day trade room today boom and it dropped this is not a bad price point I don't think in the 70s I did not call any options in it I could have actually looking back at the move that it made but anyways this was a nice day train and I'm gonna show it to you here so we shorted this and then here's the drop boom and I thought we had a beautiful exit on this actually because we waited till it broke through and then it completely fell like another two dollars which is really funny but share quantity in this 2500 risk 1840 entry 7290 exit was 72 oh eight again this ended up going to like 70 something I think in the low it might have even been 69 which is crazy but a good solid day again two thousand fifty bucks good solid solid solid profit okay and again in a very quick period of time because we did the train we got in and out in and out in and out and that's your goal as of every day that you trade so profit on this if you took a beginner risk would have been 200 bucks again in out in out in out in out okay and again these are equity trades where you would trade with margin you could have done an option in it I did not and I didn't call any but honestly if I had known it was gonna go the way that it did I might have but it had a big move market fell today and dragged everything down with it any questions here so far okay I'm gonna keep going so one of the things I focus on as well is risk per trade meaning your risk per trade should be close to the same so you can't risk five hundred dollars in one trade and then two thousand dollars another trade well that's gonna screw you up because then inevitably the one trade that you take where you risk two thousand will lose and the one that you risk five hundred will win and then you'll be upside down having one winner and one loser so the goal is to try to closely as close as you can again this isn't an exact science and we're trying to get the trades quickly and sometimes I have an amount in that I think it's gonna be for the stop sometimes I'm a little over it sometimes a little under it that's okay excuse me but what I said earlier is true though you don't want to be double triple quadruple that is what will screw you up okay so it's a consistency in the system the consistency in the sizing and then getting the move so I don't take a set size every day of the share quantity some days I may take a thousand some days I may take five thousand I just don't know I don't know what the entry is and the stop is until I see the gap until I see the setup and this is happening live okay so one of the nice things about trading is I do live in New York but I don't have to live in New York I really can move anywhere in the world I think I can move to your Europe if I wanted to so I can go anywhere and do this why because all you need is an internet connection and a brokerage account somewhere where you can get live active charts and you can see what's happening in the market but you can live anywhere in the world and so that makes it convenient to do this any questions here so far now we will talk a little bit about options now I did have one option example I wanted to put in here this was actually this was a good exit on this so this had a rally this was the diamonds okay and I had called this before this rally began so this is again is the option letter this is the ETF for the Dow I called on Wednesday July 10th the 270 calls expiring the 19th which isn't isn't until Friday this when I call an expiration date you don't have to hold it and again I think booking money is very important in this market but so here's the 10th so I called it here and then it rallied so it moved up into the number through the strike and rallied into the period okay and again I I don't see any reason why anybody wouldn't have gotten out of this but the fact is that it had the immediate move up and that's something that I really try to capitalize on as much as I can again it doesn't mean that every trade that I do like this works but a lot do but this is what I aim to do each time boom boom boom boom and that's what I'm going to try to do with Netflix again if it gets if it rates well so my system looks for gas but in order to find the right pick it has to meet my criteria so that's why I don't know what I'm doing with Netflix yet because I don't know the criteria because I can't rate it because the stock is moving right now and it's going to be moving all night and it's going to be moving tomorrow morning in fact I may rate it quite late so I'm looking for something in live time that I'm seeing that I want to rate that's going to meet the criteria didn't know to be able to predict the direction because I'm trying to get it in and out very very quickly okay anyways this was a nice trade advanced trader risk you would have taken 50 again we're talking about not using margin this is not margin you pay the cost of the contract one contract cost a dollar 30 so if you're a beginner you could have bought five contracts and paid 650 bucks bought it for 130 sold it at three and then made $850 so that is a good trade you risked 650 you made 850 advanced risk 6500 you could have bought 50 contracts and again this is one of the reasons I like to trade things that have volume because you can take 50 contracts in this profit 8500 this is in the diamonds and again I'm going to go back called it on the Wednesday right into the open and here's the move take it get out boom okay this is a series of days so this is an option you can day trade options or hold them for a day or two or you can actively trade stocks which is what I was showing you in the trades from today so any questions about anything I've talked about so far here tonight what's happening with IBM Galahad because I know IBM was out tonight to an eBay if you want to look this up quickly I will pull those up any questions from anybody so far and build you understand margin I don't think it's necessarily for people that have to have to trade full time if you enjoy what you're doing for your job you don't have to trade full time but it's a way to make extra money and it's a way for people to feel a little bit more independent and I think that's important and I think of people some people want to trade for for their career and they don't want to do their other job but they hate their job but they don't like their hours or they work too many hours or they work weekends or whatever but the fact is that the idea of just being able to make more money that is very very very important okay and I don't think anybody could say well it would be nice to to have you know feel that they have their retirement accounts set have no mortgage all of these things cars paid off all that kind of stuff that people think about and particularly if you have kids so you can do this for a career but you don't have to it's a way to make extra money that doesn't involve a lot of time out of your life so I talked to people about trading and people you know have learned and done different classes you know I was one of those people that took a class initially when I first started I did not learn how to make money in that class but I learned some basic technical analysis and that was important and then I ended up trading live and creating my own system and I learned from the market the market was a very difficult teacher I created my own system over a course of three years and I traded live money and I lost and made money back and forth until I figured it out that is a long hard road I don't think it's a road that many people can travel financially emotionally and you know all of the all of it so it's easier to pay someone else to learn their system now while not every system out there is good that's true it doesn't mean that there's no good systems there are people out there that know how to trade I'm one of them there are people that have good systems and one of them too but you may it's just like dating you may have to kiss a bunch of different frogs in order to meet the right prince and you may take a lot of bum classes until you come out with one that's good and that's just the nature of the beast again unless you teach yourself how to do it is the time frame always swing for these trades or can you do this in an intradayday platform Ellis you signed in Lee so you didn't hear the discussion the options newsletter and the options trades you can get in and out of one day if you want or you can hold them in this case here wouldn't make sense to get out on the day because the day that I called the trade it didn't have a move yet so you wouldn't have gotten out okay now we talked before you signed in about day trades this is CSX this was today's trade this was a day trade I don't think you should be in this overnight and I did not call any options in this this was an equity trade this was a day trade it was in out in out so I do both and there are many traders in the room that do both some people only do options some people only do day trades some people in the room do both I do think it's important to do both because why not you can make money doing both and like I said about the expensive things like Netflix for example it makes sense because a lot of people may not feel comfortable day trading Netflix or have the margin but will be able to do the option trade and make money if in fact it sets up properly which again I don't know but I'm talking about it anyways IBM is up okay what about eBay um Ellis has another question go ahead anyways if you want to do this for a career that's fine but I still think it's important to transition so you gain the confidence one of the things that I find that is so difficult for people is that they lack confidence they really lack confidence in what to do I have a lot of confidence it doesn't mean that every decision that I make is is correct as far as the choices some trades fail but I'm so confident in every trade I take I believe will work and that confidence allows me to be successful but a lot of it has to do with the fact that I did create the system myself I made it up myself I know it I know it well I've been doing this now for 11 years and I have a lot of conviction in it but again it doesn't mean that every trade works otherwise I would take unlimited risk in every trade and I never put a stop in and that would just be foolish but the fact is that every time I take a trade I 100% believe it will work so that's kind of a different mindset I think that a lot of people I'm very very confident in myself and what I do but a lot of people aren't and how do you build that confidence you make money so until you get the confidence yourself in the system you actually have to learn from someone where you're kind of piggybacking off of their confidence piggybacking off of their trades does that make sense um you have a lot of intraday BP available as a prop trader yeah then that's fine again you can trade a prop account uh you can trade a retail account whatever okay so I'm usually focused again between 30 and 60 minutes a day that is the time that I'm focused on really to get these trades if you want to do this for a career the benefits are what work from home only working a half an hour an hour a day like the trade this morning was done in less than an hour you don't have to trade five days a week if you don't want to and you have unlimited potential uh you know you have unlimited potential for what you could do because the only thing holding you back is your own knowledge of getting good at it and what the risk which your risk has to go with the size of your account how do you grow your account take positive trades book money take good solid trades get the wins book them okay so any questions before I continue going eBay is up I'll look at those two things I'm surprised that two they're both up um but anyways there's there's pros and cons I mean obviously it's you have to learn it some people take my class and they are ready to go right out of the game and they do great immediately the Monday after the class some people have a learning curve it's really you know it's really up to you I don't know everybody individually and personally it takes time to get to know people so I don't know what everybody's learning curves are going to be but I know you don't have to have an experience before coming to me to learn how to trade I go over everything including candlesticks in the class but I do think it's important to have a focus I do think it's important to have a strategy I only do golden gaps that's all that I do I don't listen to anything else I don't look at fundamentals okay and if you're not successful and you're losing money in the market you really kind of have to take a step back because you need to be profitable half the year more than half the year is over and if you're losing money trading this year you're either on a path to continue losing money for the rest of the year or you're going to do something to change it it's plenty of time left in the year to change it but if you're losing money from January 1 until July 17th then you're going to continue losing money until the end of the year unless you do something different and most of the time what I find for people that is actually the strategy people say well I'm not disciplined this and that well that may be part of it but if you had a good strategy you would make money even with crappy discipline it is really about having something where you can determine the directional bias and something that you're doing to make money so there's lots of benefits to trading we'll be talking about them let's talk a little bit about my system so I have a checklist Netflix I will get up tomorrow morning and I will rate it I do this every morning I do not skip it I don't eyeball it every day for the last 11 years I do it I measure gaps by rating them in the daily chart to find stocks to trade that have number one a high probability of directional bias for the entire day hopefully or a big move which CSX had today big move in the day early confirmation of the bias and then move between 9 30 and 10 a.m and precise entries with follow-through and a good risk to reward target potential so I'm really really looking for a solid move like like I showed you in that day trade in CSX but that had a bigger move then so it's up to you if you do a second trade in it or if you hold it you know but you can pay for the course and a few trades if you sign up and take my trades in the room you must take my class to join the room okay that is a prerequisite now the options letter you do not you could sign up for the options letter if you want and and you can join that letter it's a one-year annual subscription and you don't have to do the class but I think you will do better in the options trades if you know the system also you have to keep in mind if I ever decide that I don't want to teach anymore and you are on the options letter and you don't know the system how are you going to you won't get the trades anymore how you're going to know how to figure out the trades yourself so it is important to really learn it and understand it and it will help you trade better and it will help you make more money any questions here so far but for me it's just about honing in on that one thing trying to get the most bang for my buck which I'm usually looking for one-to-one or more if I'm expecting a big move I'm very consistent in the trading room we're usually focused on shorts and hard to believe but we've been doing more longs in the options letter this year more calls and we have shorts for the whole year from january through and out so you never know but you can use my system for day trading swing trading and options trading so the golden gap system is a 26-point professional bearish gap rating system the purpose of this system is to help you evaluate which gap to trade each morning using a checklist the checklist tells you what to trade when and in what direction the 26-point checklist predicts directional bias in a stock okay and so that is essential it's essential and when you're looking to do this again one pick a day two picks a day in earning season it's busy there's a lot of gaps i may rate five six things in the morning i may rate 10 but it doesn't mean i'm not doing them all now tomorrow we'll see i'm probably going to be a hundred percent focus on netflix um but like there are days where i will look at two things like yesterday we looked at a dpz ngs so i did look at two things yesterday so you never know if i feel that i want to watch two things i will but it's usually one but either way they have to rate well they have to meet the criteria it's important though to be focused and i think that's one of the reasons that i'm successful you keep your losses lower when you have a focus and then your wins are higher because you have conviction of what you're doing with the focus if you're all over the place with different strategies and different reasoning and rationale for following something or doing a trade or taking a trade then what you are really going to hone in on for me it's the price action it's the price action in gaps okay so one strategy is all you need to be successful in the market and i think that's the takeaway from here tonight if you take away one thing that is it you do not need a general overall broad base view to make money tons of people have that and they fail and they fail all the time okay so learn how to read institutional money and price patterns and gaps and you don't need to do anything else because if you if your reason for doing this is to make money okay this will make you money you have to follow what institutions are doing it are they buying it are they selling it any questions here so far thanks gal ahead yeah i'll i'll look at all this tomorrow i just i just wondered what the big names were doing so if you if you have time between nine thirty and ten if that fits your schedule then you can use my system if you if you're okay with the in and out quick the active day trades again you trade an account with margin and again you'd be doing this from home or if you have an office where they let you set up your computer and trade that's fine too but you can do this for a career if you want or you can do it part time you don't either weigh the hours or not full-time hours like i have time to do many other things during the day in fact today i was cleaning out my closet i did a little summer summer closet cleaning today that's what i did done early in the morning today by 10 30 spent the whole day organizing my closet now i'm doing a webinar and i'm done so i mean you don't have to sit at the computer all the time i'm also on tv i mean so you know you really have a lot of time to do stuff and if i was married and had kids i'd be with the kids you know it's summer so it's it's just a nice nice way to make money if you are passionate about doing it there is a price to pay though there's a price to pay to join my room to to to do the class to learn it and obviously you have to be able to open up an active account to take the trades whether it's an options account or a day trading account so actually speaking of tv i had to move the class originally i was going to have the class this weekend and now the date has been changed because i'm on fox news on saturday so the class is really going to be now this is and this is set in stone july 27th and 28 9 a.m to 5 p.m eastern time class of the class is 59 99 u.s classes online now i am doing a holiday special that is not being extended that is through this friday july 19th if you want to sign up for this class again it's july 27th and 28th then you can sign up by this friday and you would get the trading room free until the end of the year and the options that are free until the end of the year this is a nice deal it's that you just pay the price for the class and you get both free to the end of the year and again this expires this friday class is now moved out a week okay and if you're around on saturday morning i'll be on cabuto live at 10 a.m. let's look at what the market's doing quickly in ibm i'll look at see netflix has fallen even more so 314 i was so certain that would have a big move i was right in fact where did that close today 362 all right let's look at to see if this is this is this is pulling the market down interesting so netflix is pulling the market down a bit not a lot just a small amount let's take a look at ibm ibm is up 149 149 i'm not crazy about this what was the other one ebay definitely netflix is a top watch i just have to see what it's going to be doing tomorrow it's just so too early strap six dollars ends up in talking ebay is up actually this is pretty good ebay is up and this looks like a nice solid long and this is on its own and netflix is down and it's too soon to say what we're going to do with that does anyone have any questions about anything at all it's been an interesting year uh the market has behaved quite well this year if you look at the way that it behaved the last quarter of 2018 but i don't think all is said and done even though the markets behaved very very well for the first six and a half months of the year i think we're going to have volatility i thought we would have before now we haven't really yet but it is coming so this makes for good trading volatility makes for good trading the moves i'm showing these stocks like ebay ibm and netflix this makes for a good trading but you've got to get it in the right direction and css i'll just pull this up really quickly we'll look up at the low of the day was this was so hilarious we waited forever for this to drop i was glad that i waited and then it ended up going to 70 it went two dollars past the morning exit can you believe that beautiful sell-off in that nice trade anyone have any other questions so i'm doing an open house this week if you want to come thursday friday email me if you want to come melissa at the stockswish.com if you're interested in the class or the options that are out of questions email me at melissa at the stockswish.com but the options letter is is something nice if you're not familiar with day trades but you get a free to the end of the year with the classes not this week and i'm sorry next weekend so you could be in the day trade ring room too and the day trading room i go over the market every day so that's very beneficial to be there and just to hear what i what i'm saying live about stuff that we're doing what did dpz do today let's look oh that was a good exit on that yesterday too all right any questions from anyone at all netflix is the big watch for tomorrow i will rate it in the morning you're welcome to come to the open house just email me i will send you the link h5 has a question did you hear the webinar we're done a little early but that's okay is that really did i am tired and i'm going to need it all my brain energy in the world tomorrow for netflix i don't necessarily know if that's going to be easy either trading room open house is thursday and friday do you want to email me at melissathestockswish.com and we'll send you the information here any other questions though from anybody else i think it's important to take trading seriously i think if you do you can do well and that's kind of the attitude i've always had that's one of the reasons why and make people take the class before joining the room it's been good to teach people it's been good to reinforce that discipline for people to be successful um and it's just it's a good program thanks for coming everyone uh h5 are you typing go ahead you didn't take any trades at netflix to the upside before the earnings did you i was almost going to buy a call and buy a put i was going to buy the 330 puts and i was going to buy the 38750 calls and i didn't do it but one would have gone bust and one would have more than covered the difference i just i just didn't do it um on any given day uh it depends people some people are signed up for the room but don't come every day h5 so to be honest with you i don't know the exact number of members anymore it's close to 100 but not everybody comes every day like one lady's a nurse she's only there three days out of the week so some days it's packed some days only half the people are there comes and goes uh not everybody that's done the class is in the room so you know sometimes people do the class they join the room and they might be in the room the first year and then after that they decide to go out on their own so you don't have to be in the room because you're gonna learn the system you learn what i know in the class but i think the first year it's helpful first couple of months i definitely think it's helpful um just to have my guidance but you know there are people that are in the room for since i started that still pay every year to rejoin the room it just makes it easier for them so they like to be in the room so it's a mix new people old people but not everybody i've taught but the numbers fluctuate because sometimes uh people just would rather trade on their own you know i was just gonna outright buy the put and outright buy the call i was just gonna just do two separate completely trade different trades but i never did that before and i mean one would have gone bust and one would have worked the three thirty puts would have worked and they would have been twelve dollars under it but the but the calls i don't know the last time i looked i think it were seven so it it would have it would have it would have paid but it wouldn't have been like astronomical like 20 plus or something like so we'll just we'll just see what this does tomorrow you have to take the class before you join the chat room and please don't ask me for an exception because i'm not going to make it for you everyone that's in the room is a student and it really benefits you as well because what are you going to do if i stop running the room one day you'd be left out in the cold ills has a question go ahead um ills i have like one bazillion videos on youtube uh the last tracking video i think i did was i don't know it might be the end of may beginning of june i don't know if you email me i'll find the video and send it to you for year-to-date numbers bazillion i do have a bazillion videos on youtube though okay good listen let's have a good night sleep tight get organized if you're interested in the open house email me we'll be ready to conquer netflix in the morning after good night's rest and we'll see what we get very good all right have a good day everyone