 Yep, I'm gonna put the screen up in a minute. Let me know if you can see the screen and hear me Welcome everyone Beautiful day here in New York Stuck inside though with cope it is usual But I'm going to talk to you today about trading and gosh What a what a great year to work from home talk about talk about good timing I mean, this is just one of these years where no matter what you do for a living You're able to work from home excuse me, it is a true true blessing because It has been a nutty year for many employers and many people Trying to get into a group with their work style, but for me, I've been working from home now for for so long I don't know 12 years now. I've been I've been doing this trading stuff So, you know, it was just normal work environment for me for but a lot of people, you know Now are working from home with their regular jobs and you know It's not convenient for people because they don't have all the tools and essentials they need and the only thing you really need to trade is a computer a trading platform and charts, okay So today I'm going to talk about earning six figures a year trading from home Which again is a blessing from many many people who are experiencing Termo oil are uncertainty in their life due to 2020 and COVID So if you'd like more information after the webinar today, you can feel free to email me and Melissa the stockswish.com Or if you'd like a trial to the trading room this week, you can email me to or you can call me. I'm here 9293200 gap or follow me on Twitter Facebook YouTube or Skype So welcome everyone today. I'm going to talk about really the idea of being able to earn a living trading And I'm saying six figures a year, but honestly you can make so much money in the market What prevents you from winning versus losing from making six figures a year to aren't losing six figures a year? First of all, you have to have a strategy that works consistently in the in the market under any market conditions Whether it's wild volatile bullish or bearish and second of all, it's determined by your risk Okay, but you can't get to a higher risk to be able to earn this kind of money Unless you know what to do. So again, it goes back to the original thing. It goes back to the strategy It goes back to understanding why you're trading and what you're doing As crazy as it sounds because I've been stuck inside, you know for the majority of the year I feel like I've never traded more than any other year that I have this year because I basically am here And it's what's funny because I typically tend not to trade in the afternoons But I have found myself Seeing options trades in the afternoon, you know, I even called something late today after three o'clock, which is unusual So because I'm here, you know, I'm seeing a lot more opportunities in the market And so whether you want to work part-time or full-time as a trader you can do it Whatever your schedule works for you, but really it's only a Monday through Friday job Markets closed in the weekends. I don't trade the after hours Okay, even if I'm in an option, you can't trade options after four o'clock So I'm sticking with just talking today about doing my strategy on gaps We will discuss options and we will discuss day trades, but the overall strategy I do whether you want to do options day trades or both you can use to make whatever kind of money you want It's determined by the size of your account. Now a lot of people were saying to me Well, how can you trade your strategy with a small account? The answer is yes I see gala had in here. Some people go off the rails a little bit when they when they have to be structured like that I really think it's not a big deal as long as you're following structure and and gala had I hope when you come back you realize that I'm gonna tell you a story about a guy right now He's not here tonight, but he's doing the gap options course, which is this Thursday. He has a small account Okay, he does not have a retail account. He's not over the 25,000 So if you he's only doing options if you do options You can't day trade options in and out in and out without 25,000 or more. Okay to broker But anyways, this guy has not taken any class that I've ever had yet He's not done any one of my classes yet. He signed up for the gap options course Which is this Thursday, but it has you get the the letter free the newsletter free for a month So he's been on the letter For the last couple of weeks. He's doing the class this this Thursday, and he has a small account He's trying to build it up. He's trying to build it up. He's been calling me. He's been answering asking me questions all the time He's Texas me probably every single day Anyways, he is almost over the 25,000 threshold and He and and and he's he's been with me less than a month. He's a great and he hasn't in the class yet Okay, he's gonna do a lot better after he does a class this Thursday. I'll tell you that He's made some mistakes. He's admitted he has he's done some things that he really shouldn't do But the reality is it just goes to show you if you have somebody that's a great mentor and giving great calls Which I which I do you can make money even if you don't know what you're doing really So but the benefit of trading and doing it on your own is learning the information and also getting the trades And again, he admits he made some mistakes on his own When he did some things that he didn't talk to me about first And now he's learning as he's going along so you can take a small account. You can build it up to 25,000 You could take a 25,000 dollar account and build it up to 100,000 There's a trader that started out with a hundred grand this year. It's she's almost up to half a million dollars She made 400 grand just doing options with me in the first six months of the year now I don't I haven't talked to her to see where her account is in September But she's up so much in the first half of the year that There's no way she's not gonna have a huge end to 2020. We only have you know, three and a half months left And part of that is earning season So I think that anybody can do this But if you're not it actually see Erwin here, too Erwin, I haven't seen you in years years I thought you disappeared Erwin see some old-timers here today If you're somebody that you really have this desire to make a lot of money, trust me I get it. I totally totally get it I'm thinking that way in a way different scale than some of you are but the philosophy of how we were thinking is the same in The sense that everybody wants more everyone wants to make more earn more have more Listen, I get it. Okay. I'm thinking in a different way than some of you But still same philosophy where I have dreams and goals as well on Saturday went to look at apartments I was looking at 15 million dollar apartments. So I have my goals. Okay, you have your goals Your goal maybe to get a $5,000 account up to 25,000 my goals to buy a huge apartment in New York Because we're in a downturn here and this market's gonna crash in the next 12 months Probably in New York City and I want to be able to take advantage of that as a person that lives here So we all are doing our own thing. So don't think you're you're not alone You know, you think oh my god, I can't even how am I ever gonna get there? You have to think of it like a process Okay. Yeah, you take it as it comes you take it on a Monday take it on a Tuesday take it on a Wednesday like today We didn't do any trades today. There was nothing to do Now if you traded today when there wasn't anything good that met my strategy, then guess what you probably would have lost What I said today played out in reference to the market. We'll talk about at the end I have a specific way of reading this market and I'll share that with you at the end of the webinar But the reality is that there's days that you don't train And if you were if you're pushing the envelope too much You're gonna trip and fall over and this new guy that I've been talking to you about his name is Julio He I've been talking to him and coaching him through this. He gets it He's starting to get it now. Like I said, listen, you're gonna get there You're gonna get over the 25,000, but if you do stupid stuff, you're gonna hurt yourself I said, you're gonna get there. He said, well, when I said, well, I don't know Whatever you get there you get there but know that you're gonna get there Do you know what I'm saying if you have the mindset that you know That you're gonna be able to make six figures of your trading then just know that like whether you can make it there by October 1st by You know December 1st Who cares if you know that you can do it however long it takes is however long it's gonna take Do you know what I'm saying? So this is kind of how I do things with myself. I said, this is my goal I know I can make it happen I see myself in this apartment or whatever it is like I know I'm gonna get there And I know every single thing I have to do along the way to make it happen Even though I'm not there right now I know exactly what I have to do and I know that I'm gonna get there and that is how you have to look at your trading Okay, or any any big goal that you have in life that seems huge. Okay So anyways, let's get into it and any questions you can just write them in the room I see some people signing in late. So why do people find day trading so hard? There are many many reasons however one big one is a lack of focus and a lack of clarity This is one thing I'm very good at I'm very good at focusing down and honing in on usually one pick One pick a day I try to do and then clarity about the market Traders are often second-guessing themselves Should I go long? Should I short? Should I do anything today? Should I do nothing? You shouldn't second-guess yourself because it really hurts your confidence level and that's just a sidebar You need conviction to trade And you need conviction to make money And I gotta be honest with you many people that I talk to that are interested in trading Don't have confidence and don't have conviction You can gain the conviction coming to me by doing the class you get the conviction because you say well This makes sense what she's saying. I can get behind this strategy I get it now it makes sense and that conviction that helps your confidence then to take risk Because the only way that you can make money in the market is when you risk money And that's just the way you have to do it. And so if you're risking five hundred dollars or a thousand dollars You really do need to have some level of confidence and conviction behind what you're doing in order to make money Okay, the conviction comes from the knowledge because without that you won't be successful So you have to have the conviction you have to have the confidence and you need to know what to focus on So why is conviction really important? And what is it? Conviction is a strong strong belief And getting back to what I was saying earlier a belief in in the fact that you Know that you can do it You know that this goal that you have to trade for a living and make six figures a year Is something that you can do you believe Kathy? I'm saying you're writing in the room Can everybody hear me just give me a heads up that you can hear me I don't know if there's any hot-com issues But I'm seeing some some weird notes in the room for you some stars and stuff. I don't get Okay All right, so you can hear me because I know we lost we lost connection that one thing. Okay, very good Um getting back to what I was saying Conviction is a strong strong belief. I believe I believe that I can do this Um, it's like when you get sick. Okay, you get sick and you're and you're sick and you say I know that I'm going to get better. I'm going to take this antibiotic and I'm going to get over this I'm going to take all my vitamins. I'm going to go to bed early. It's it's whatever thing you're determined to do Your determination could be pinpointed to something small or your determination could be pinpointed into something big We all have small goals. We have medium goals and we have big goals Okay, a small goal could be getting up at five o'clock tomorrow morning to go exercise A medium goal could be losing 10 pounds before the end of the year And a big goal could be something like learning how to train and make six making six figures a year and changing careers So it's good to to see on a scale Where this goal is as far as something in your life Is is it small? Is it medium? Is it large and I call it chunking it out But you get to the large goal by taking a small goal achieving that getting the results from the small goal Then having the medium goal and then getting the results from the medium goal And then getting the results to the bigger goal So if the bigger goal is that you want to earn a living trading and make you know 100 grand a year 200 grand a year Take it by a small goal, which is learning a strategy that consistently makes you green Even if it's 25 dollars a day you make you're green green green green green green green You have a lot of wins and very few losses. So that could be a small goal A medium goal could be again taking something like Julio's account Where you're trying to get a $5,000 account up to a $25,000 account. That's a medium goal Okay So and then after you get the account up to the $25,000 Then you're on your way to making an average of $1,000 a day So you can go up that scale by setting your goals that way And I think it's a lot easier too for people to get their head around it because when they do Then if they're if they're at zero and they're trying to get a thousand if they're at point zero They're losing money. They don't have a strategy. They don't have a lot of cash Okay, and they're trying to you know get to the end goal Which you know is to just trade for a living and be able to pay all your bills with that and then have money left over to say You know that sometimes is like too big of a leap for people to get through their head There's many many little goals in between. There's the baby ones the small ones the medium ones Do you understand what i'm saying? So allow yourself to go up the ladder of that because I think it helps your confidence too You can say well, I got I did this today I got out of bed at 5 a.m. And I went and I exercised so I did cardio for an hour That's a small step towards the next step or whatever it is. You understand what i'm saying Anyways talking about conviction and what i'm seeing here with this This was a chart that we did we'll go over this trade. I think I think my assistant put this in here This was cn cn Was a gap now I'm just going to briefly go over here with you My strategy is on gaps whether I do day trains or whether I do options I do calls and puts and options and we go short and we go long In in stocks. This is a day chart. Okay This closed up here at 60 dollars boom open in the morning down here around 46 and change So one is a gap a gap is a difference between the close and the open Okay, so the stock up here the cn. This was earnings closed up here at 60 dollars and open what like 14 bucks Under where it closed so a gap is a difference between the close and the open So the market closes at four o'clock cn close at four o'clock it open the next day down here lower Okay, so you have bearish gaps, which is what this is where the stock opens lower than it closed You also have bullish gaps which happened here the day before This closed here run 58 and change this opened up here run 59 and change So this opened higher closed at four o'clock at 9 30. It was higher rallied up Okay So this is a bullish gap. This is a bearish gap We shorted this and I had a lot of conviction in this we did this trade And then actually it continued. I just want to show you here. This is three days into it this drop down here Um ended up really going nice. So you could have done a swing trade in this or even an option continuation Here is another day chart. I'm going to show you some more gaps in this chart This is netflix I had a lot of conviction netflix was going to move higher I was watching it watching it watching it watching it watching it And then on this morning here I saw that it was going to go I actually didn't know it was going to go this big But I saw that it was going to rally this was a bullish gap this closed here Gapped up and then this is all buying that came in. This was a massive move that happened on the day It was over 40 dollar move on the day in one day for netflix. This is a big bar So we did calls in this so we we we basically Bought the stock moving higher in an option and it was a very nice trade Gallowhead, you would have loved this trade. This would have been something you would have loved That was a really great option move, but it I had conviction that this was higher Okay, you could have gone long and is a day trade Or you could have bought the calls Okay, so that was a nice one there Any questions here so far? anyways when you are When you are trading, okay when you're day trading you are in and out and flat by four o'clock When you are doing options The amount of risk you have on is the set risk That's it If you risk a thousand dollars, you can't lose any more than that in an option So basically you're paying the cost of the option So you can't lose any more than that and I think a lot of traders that are doing swing trades And even some of these people that are trading on this robin hood now, which has become so popular People are taking stuff. They're holding it and then it's turning upside down for them overnight And their risk then is essentially more than they even have in their account, which can be very very scary for people Okay So when you're day trading you're in you're out and when you're doing options Hopefully you're in and out in 24 to 48 hours too Now sometimes i'll call an option trade and we're in it longer than that because it hasn't moved yet But ideally the best trades that I call work within 24 to 48 hours even for the options and again the day trades were in and out But I I tend to look at something where if I risk one amount Then i'm turning it over one amount now I will get out of something between 50 and 100 for an option risk But like for example, if you're risking 200 and a day trade your goal should be 200 dollars If you're risking 500 dollars in an option your goal should be 500 dollars I tend to day trade in the morning in the first half hour of the day I will do options throughout the day, but most of them in the morning Most of the trades I send in the pre market before the open and sometimes i'll call a late one Like I did today, but you know when when people look at day trading And again, you can day trade stocks. You can day trade options. This is this is not investing You're not buying and holding a lot of people are wanting to to buy and hold this tesla right now They think it's higher the stock split it dropped off now people are getting excited about that again You know, this is not long-term investing what we do This this gap strategy is looking at something and determining Where the momentum is going to come in and as an active trader you are playing the momentum You're not investing in this stock for ever and ever and ever and ever, okay? You are going into the stock or the market sometimes we do ETFs You're trading it. However, you're trading it on margin as an equity trade or as an option, which is not on margin You're pulling money out of that stock by trading the momentum And how do I look at it? I look at the gap and then I determine if the stock's going to move higher or lower Based on the actual gap That is the strategy and I'll talk about the little more later But that is what I figure out in the pre market But you're you're just getting the move like that netflix a rally, okay? I like the cn like the drop You play the momentum. That's what i'm looking for. I'm looking for the momentum I'm predicting the momentum is going to come into the gap and basically follow through Okay, any questions here so far? Anyways getting back to what I was talking about about small goals breaking it down If it's too cumbersome for you to think about an annual goal break it down per week Break it down per day break it down per month. Okay, so You know, if you rate if you make a thousand dollars approximately a day That's you know 5200 a week. That's going to take you to 250 a year now some days you might lose Or some days you may not trade at all like today, but guess what some days you may make three grand in a trade So it's on average and this is why you have to look at it pinpoint by pinpoint and again if it helps you to look at a weekly goal Sometimes you get a big trade you can make your whole goal for the week and one day We've done that a million times like netflix would have done that in fact that would have made your goal really for the month But if you look at it like that by taking nibbles out of it bites and chunking it It really helps you I think to get to that point Anyways, this was back in the netflix and here again is a daily chart. You can see this bigger here This date was the 26 when it had this beautiful gap up stack close to your gap up I don't think anybody including me thought that it would go that big that fast like it did And we ended up doing several several option strikes in it But on wednesday morning right before the open I called the calls in netflix In fact, I first called the 4 90s this flew So they cost 17 dollars for one Five contracts was a cost of 8500 and the stock ran up and and it was a beautiful trade to 58 So this one train you could have made 20 500 which was a 241 percent return on investment if you had five contracts Now, what if you got one? What if you paid 1700 dollars? But one contract, guess what you still would have had a beautiful beautiful beautiful trade That still would have been 241 percent return on investment because at the end of the day even if you only did one contract It was still a big trade. So again, you see how it actually this was one of the ones that julio did That's helped him get his account up this in the last couple of weeks The weather whether you did one whether you did five Again, you do what you can afford. Does everybody see this here? I mean so again, you're taking a train and you know, you know, if you did one you made over three grand It's a really really nice nice return on investment in one trade And it just so happened to go on that one particular day Now that was an option. I also did day trades. This was a day trade that we did. This was tiff Okay, tiff was a bearish gap that previous one was a bullish gap So this closed here up here around 121 and change This was a news. It was an earnings open in the morning fell We shorted this in the tail. It was really nice move. We had a good exit Share size was 2,500 stop was 110 70 entry was 109 60 boom We pulled almost a buck out of it actually ended up going all the way almost all the way down to 108 Um, you could have had a better exit on this actually profit was 2,125 This was a nice move. Again, what if you took half the size then if you only took 1200 1300 shares You still would have made over a thousand bucks So we just shorted this tail Boom we got out done In fact it lifted So this was a really nice quick fast day trade we did in the morning and we were out I think by 1015 ish we were we were out of this So this was a trade that she would have taken on margin. The options are not on margin. You only pay the cost Okay Any questions here so far? So again, is it possible to make six figures that you're trading? Yes Well, your risk should be approximately I'd say around a thousand dollars a train And that's across the board whether you're doing day trades or options if you want to hit these numbers But you also have to have more winners than losers So this is the important piece of having somebody again that's guiding you and mentoring you I call the live trades in the day trading room and the options newsletters are emailed to you You take the trade once you get the email So having someone that has a keen insight on what's going on in the market And again, I've been doing this a long time definitely definitely helps you And if you have questions to call and ask me like I was telling you like Julio has been doing It helps you to determine You know, whether the market's going to work against you whether the market's going to work in your favor But every single thing I do is based on the golden gap system It's a system that I created What I first started to trade in 2008 and then it took me about three years to develop it It's how I read the market. It's how I can determine if a stock is going to sell off or if a stock is going to get bought It's really based on institutional money that I'm reading in the chart And we'll just quickly look here at the QQQs So the market here at a nice run up ran up and made brand in waltem highs in august Then we dropped on down and we had a couple nice shorts in the last, you know Two weeks that we've done in the market that have really gone very nicely Previously though, we did have a call and this was back monday august 1st In fact, I'll show you where this is. I called the 296 QQQs So this was the 31st And again, it doesn't this doesn't even look like much But the market was breaking out so it broke out and then went And there it went so again called this really pretty much right where it was trading at Actually, you know, this was in the morning. I saw it was going to run up to the 296 and then it popped So this again just a quick trade you're in in a day or two And you're out Could have got out of it here could have got out of it here trade was green even the day that I called it Okay, but anyways, I called this in the afternoon on the monday gapped up the next day gapped up the next day Cost was pretty cheap for the market 325 Contracts was 25 risk. This is an advanced risk was 8125 sold at 7 So guess what you could have bought one for 325 dollars And sold it for 7 bucks and then turned it over you more than 300 bucks 115 percent Just you know again in one day where you take it And you can get out Or you could have held a little more So this is The market moving higher From the gap ups Market close to your gapped up called the trade in the afternoon I saw the market was going to gap up the next day market closed here gapped up Again, we rallied and held market closed here gapped up So the gap ups we're taking to market higher that we're getting bought Sometimes gap ups move higher. Sometimes they fall Here's one that's a gap is it and this is again why you have to learn the strategy You didn't know what to do this close to your gapped up fell sold off This close to your gapped up fell sold off. So here's two gap ups that sold off Here's two gap ups that got rally So again, you can't go along every gap up just like you can't short every gap down and vice versa I know a lot of people are finding the market really tricky these days. Anyways, this was a nice trade Very cheap for this market. I mean this was just a great price um again 81 25 investment 93 75 profit and if you have the size of account that you can train these kinds of positions I mean, it's it's a beautiful beautiful thing. This is bowing Oh, this has been basing out for so long. We're waiting and waiting for the drop in this to the next earnings But on September 1st, I called a put in bowing called the 170 puts Again dirt cheap three bucks. You could have bought two for six hundred dollars You could have about one for 300 you do not need a big account for this You don't even need a margin account to trade options. Again, nice profit in here 25 contracts cost is three 250 was your profit 62 50 Boom. Now, let's go look at this September 1st. I call this in the pre market in the morning This is a put. So this is a short This little guy in here closed here Open gap down rally dropped Here's the bush So this one actually did not go the first day Lifted and then dropped See where the sell-off is here's the sell-off. So people were buying this in here. We were short it trade was down Down if you took it until it went and then it went poop and it went Nice read on that And there were people that were long, but it was a short So again Just just a trade whether you do options where you do day trades. It's this idea of looking at the gap And reading it and I do that with my system. Now. This is walmart This is this is still pretty strong, but we haven't done anything since this one This was september 1st. I called calls the 150 calls on walmart cost was a dollar 70 sold at three profit was 58 50 again beautiful trade. So you could have bought two Spent a little over 300 bucks. You could have bought one for 170 bucks sold it for three So I did it on september 1st. It was in the afternoon here. I saw this would continue I wish I'd done this earlier, but I didn't catch it in the morning But it had the push up had the pop went over the strike was the 150 strike again I knew it was still higher boom gapped up over the 150 And you just take it and you're out Nice trade This was walmart. This is still strong Here was today's move in this That was an option too Any questions should we talked about bullish gaps? We talked about bearish gaps I do the bearish gap class usually once a month the bullish gap class. I'm doing this weekend I only do that about once a year Uh, we mostly Mostly do bearish gaps to be honest with you But the bullish gap class is different than the bearish clap class And it's funny because I think most of the options we've done in 2020 actually are bullish gaps Um, but I mean I'd have to count them to see but that's Something that if you want to do options, I'd say the bullish class would really be For you to be interested in because we mostly Do uh shorts in the dating trading room But as far as someone that has these set goals that we talked about and is trying to get there Keypoint number one is having a good strategy and key point number two Then is taking the right size in order to make the profit that you're that you want to achieve for your goals You have to have the right size account to do that. You cannot risk more than you can afford I had another person he he was new he risked His whole account in one trade. That's a no-no. Okay. That is not a good idea Um, and again, that's why it is important to learn now That's I think is a little bit of common sense where you should know not to do that Luckily, it was it was a trade of the newsletter the the trade worked And but he knew not to do that again So I think a lot of people just don't understand sizing and how important it is for the consistency and the sizing If you take 10 trades a week, okay Or if you take five say take one trade a day for over a five day period You have to have a similar risk on every trade you take You can't have one trade be 500 one trade be 2000 one trade be 7000 one trade be 2000 You're you're you're not going to see you're not going to know even if you're following the strategy, right? Okay Because you're you'll be too low over the place. Does that make sense? I know this is such a simple concept But it's funny a lot of traders are are taking different risk all the time and you just can't do that And particularly with options I would say the risk is different on some of the ones that we do like something like amazon here We're gonna look at this. This is a more expensive to do with an option So this may not meet your parameters to be able to trade it Okay This set a rally this made new highs This fell off a planet then with the rest of the market in the last week Now let's go back and look here where we went long this on that same day on september 1st When I knew the market was hired to you in the afternoon and that it would gap up the following day We went long amazon was the 3,500 calls again. This was kind of pricey, but but for amazon this was right in the range 3650 for one contract. So two was 7,300 Sold at 64 dollars profit was 5,500 return and investment is 75 percent Really really really really just quick move up Take it out and here was that date. So here was the first Here's the pop up poof over the strike you can get out of it You're up. Okay, and those days where you take a trade and you get up in the morning And you know that you're up that the trade is through the strike from the gap where the gap is continuing Whether the gaps continue and higher or lower are beautiful beautiful days to get up in the morning Gala had you remember those you get up and you know, you're going to be up money as soon as the market opens You can see it. You can feel it. It's a great feeling and it's a great way to start the day So that was one of those days Google was another one of these ones here again This one really had a nice breakout. This was I called the 1660 call same day. Okay This had the bigger of the moves broke out and made new highs cost was 16 a contract Six contracts risk is 9600 sold at 62. We'll go back and look at the chart profit 288 percent return investment. This is one of my favorites Usually i'm stuck on something where I say this is really what i'm on like watch this one Or whatever profit was 27600 we'll go back over here And look again This was this exact same day that I saw the market and everything else was up the following day We closed here called the trade in the afternoon poof Got up in the morning. This was through the strike above the strike rallying broke out ran over hit through every dream target I thought 1700 ran up to 1720 1725 a beautiful trade And of course you would get out. Okay Again trading is not investing. You're not holding it forever You're taking the trade. You're making the money. You could have got out of the morning here Actually, you could have got out You could have got out earlier if you wanted to but it was higher and this is a gap up And it closed during gap up and then it got thought Okay, so I get up in the morning and I look at this stuff and I tried to determine If the stock's going to move higher or lower using the 26 point rating system that I developed over that three year period I use that system to rate the gap and that is how I make the trade calls And that is what you would kind of learn from me if you want to learn what I do Okay, you you would you would rate the gaps yourself Okay, right then you'd see what I see to be able to determine the direction and then you can do it yourself as well That was a really nice breakout in google And then this was the spy again closed here Here's the breakout and not Again, this one was september 2nd Call this one in the morning the 356 calls and it wasn't it wasn't even too late to be honest Cost was 275, which is cheap for the market 30 contracts risk is 82 50 sold at 5 25 profit 7500 return on investment 91 percent. Let's take a look at the gap And again, you would get these trades if you're on the newsletter list closed here gapped up called it in the morning here boom went up nice trade Again, you can day trade options like you could just do them But personally I like to do both because when we do the day trades I know where I map by the end of the day I always know and then if sometimes you're going to bet an option you don't know you're in it But sometimes you get up in the morning you're up a lot. That's nice about the option So I like them both I really like day trades that I really like options that I think it gives a good mix And it allows you to get those bigger moves doing the options You know with just having the cost on of not owning to stop like in a swing train And then the day trades you can you can we're more consistently booking money I think of the day trades because I don't have options trades every day Now some days when I see somebody's going to happen like that day in the september first day I'll call them in a in a in a group But I may not necessarily do an option trade every day But some days that I might call five six seven So I like the idea of being able to do something every day as long as there are good gaps to do So that's why I like combining the day trades with the options Any any questions here from anyone? Quiet group here today So let's talk about financial freedom Oh, this is a big on everybody's mind this year For most it means having enough money stashed away. They can live off the interest Or not only that they can live wherever they want in the world If you're shipper dipper wealthy, guess what? You want to put up with some of these restrictions of some of these states did for covet You would have packed your bangs and been off living in an island doing whatever you please Wearing a mask or not wearing a mask Can you imagine and that is what a lot of wealthy people did and are still doing this year So I mean when you think about it and you think about the freedom that having an enormous amount of money Has not only can you buy nice things when you have a lot of money You also have freedom and that is such an important piece of it But guess what when you work for yourself You have a lot of freedom, but how are you going to do it? Okay, when you trade you work for yourself, but you have to be a disciplined boss Again, you can't risk your whole account in one trade because if that trade would lose then guess what? You'd have no money to trade with the next day So you have to say I will take it step by step by step I will take it seriously too and learn what to do in order to be successful And that's an important part of it And for a lot of people they also don't want to work 40 hours a week while we're doing this covet thing and people are Working from zoom and doing zoom meetings. I think some people have become more productive Through home working and some people have become less productive Now, I don't know which of the categories you people here fit, but I've noticed just speaking from friends I can tell some people are less productive some people are more so it's very interesting as an observer for me I'm a very driven person So I've always been very productive working from home and working for myself But you know when you're doing this trading thing, you don't have to sit all day from 9 30 to 4 You could just trade the first half an hour be done If you're one of those people that you don't want to work eight hours a day or six and a half Then just then just trade the morning Just trade the morning get whatever your move you have and be done with it If you know that you can't sit at a computer for six and a half hours a day You don't need to the day trades we do were usually done in the first 30 minutes And the options like I said, even if I call one late in the day You put the trade on and you take it overnight into the next day Okay, thanks Kathy But anyways, you know This is a good time for people to think about learning more about trading because if you are working from home You have the time and energy to do it while doing your other job And I think a lot of people are trying to figure out other ways to make money during this time where they may be on You know In a situation where they're like well, I thought my future was going to be this now I don't know if that's going to be my future and I realized that I have to learn a different career So there's a lot of things going on in people's minds right now And then like I said earlier at the beginning the idea of working from home Which a lot of people may never have thought was possible And now people are like, you know what I really do want to job from home Eventually a lot of these companies are going to send their employees back to the office and back to work It may not be 2020 But I think people are going to have a hard time going from working from home back to the office If it's not something they want to do But you have time you have time to learn how to do this from home And again, many businesses at least here in New York are already told their employees They don't have to come back till June or July of 2021 So, you know, if you have the ability to trade and do your job from home, you can transition Which I think is the best possibility for people if they want to trade for a career because You shouldn't quit your job and just do this without knowing what to do and having any clue what to do It's a good idea to do two things at once until you make the money that you know that you can sustain yourself With before quitting your job and when I was doing it I worked basically my mortgage job and taught myself how to train until I until I was able to teach myself how to trade And like I said, it took about three years to figure out the entire system that I that I do right now But it is totally possible to do this. You have to have a strategy that works. That's number one It doesn't matter if you're count small or big and number two then you have to risk the amount that you want Which she the results that you desire, which may be different for every person. Okay Some people do not need a hundred grand a year to live on some people Can live on 50 Some people can't live in 100. Some people need 200. Okay, and then some people are very aspirational and they have You know very lofty goals and again, I'm right there with you Um, you just keep working towards them and you will get there But if you want to just do the day trading you day trade in the morning in the first half an hour hour of the day between 9 30 and 10 30 you would be in the trading room with me if you want to focus on the day trading Um, and if you want to do the options then you're not in the room. You're just getting the trace of your email You can be really anywhere and take the trades for that So the benefits of trading is that you work your own hours Okay, and again, you can take off when you want and obviously the unlimited income potential Which is extremely important and particularly in these times you have to remember though. It is chunking it out It's it's just getting the momentum. You're out Getting the move you're out Uh google is another good example of that chart where it had that breakout you take it. You're out. Take it out Take it book it. Okay Sometimes we get trades really to piggy targets I call them or they'll go so big on the first day that every single person is out like the netflix But I mean to to most trades We just have you know normal exits and you get the momentum and you're out And it's very difficult to time the exact top of along or the bottom of a short But I think you know one of the reasons people love trades like that netflix is because it goes so big on that very particular day That obviously everybody would be out like nobody would hold that you know overnight after that But one of the things that I do think that it's important going back to the confidence and conviction idea is Knowing that you want to do this Having the commitment to do it. It does take commitment to get up early in the morning study your charts go through the ratings Do it it takes commitment to do my class. It's an entire weekend You're giving up your weekend nine to five eastern time And also the cost my class is seven grand So there's a commitment to doing it. So you really have to want to do this You really have to be serious about it. I was extremely serious about trading when I started doing it I had no idea it was going to take me years to figure it out When I look back and I think about If what if someone had told me it was going to take you this long to do it and it cost you this much money and take you This long if I had the choice what I've said, yes I know I can't say but once I was involved with it once I was in the thick of it Then I felt like I couldn't turn back And the only way that I was gonna I was going to be able to To proceed was to just keep going. Do you know what I mean? So it's kind of like once here It's like it's like it's like if you're crawling. It's like if you're crawling out of the cave And and the back part of the cave has collapsed. You can't go back if you go back You ain't gonna get out the same way. Do you know what I'm saying? It's like you're stuck in a cave and the only way to get out is to keep going So if you're at that place in your training where you're losing and you're not doing well I mean, what are your choices? You can't go back It's you just got to keep going forward and that does take a certain level of commitment Especially if you're in the cave and you're super duper tired Are you spend a lot of money in other classes or you lost money in the market and you don't know how you can keep going Take it out to the fresh air You got to keep going. You have no choice if you really want to make it And I think that there's a lot of lucky lose out there. They come to my webinars. I've talked to them for years I've been I've had the stocks switch for a long time now too But the fact is that it's very obvious to me the people that want to make it They make the commitment to the clash the time the money And and learning and then they ask me, you know Important questions that make me see that this person really has the potential to make it because they they're getting it They're getting the information. They're determined to get it And they're serious about making the money and I think that's that's an important part of it too You know, there's a there's there's people out there that talk about Trading and making money and stuff and they're just not serious about it. Listen Nobody likes taking losses, but you got to take it seriously when you take losses And that's why for me it's so important. I know I'm so thoughtful in the trades that I take I spend a lot of time in the morning I get up at you know 5 36 o'clock in the morning and I look at the market as soon as I wake up I don't spend four hours rating gaps But I do probably spend at least an hour and a half maybe two hours Looking at the market and my gap picks in the morning for my options and day trades That's a long time to prepare to trade in the morning I'm very thoughtful about what I do and I usually only do one thing a day I really try to get it right as often as I can because I don't like to lose I like to win That is a benefit for people to come and want to trade with me because I personally want to win And the driving the motivation the confidence the conviction that I personally exude I think definitely helps people push them to make it Recently I had a sale on mentoring sessions and I had a couple people sign up for them The the things people said back to me after the session was amazing Just one one-hour session after talking to people about their specific problems Really helped two of the people that I talked to that I had sessions with are ready So it's sometimes it's just that one thing that should that just can turn you over And if you're open to learning you're open to doing it You really will get it and and and all of a sudden you'll start to make the money Okay, but you have to have a strategy that is the leading point The leading point to do it because you're not going to be successful in the market If what you're doing just simply doesn't work and at the end of the day some days anything works You can do a bad trade and make money sometimes But that isn't good for your overall morale because if you do that same trade 10 times over and lose Then obviously you're going to be hurting. So it's the consistency the consistency and that's what you have to get And I and I really hone that down quite frankly Um any questions here so far know why you want to train? Buy something full-time job Side-time retirement, I don't know whatever your goals are like right now Julio his goal He has a he has a regular job. He's a construction worker He has his his goal is just to get his account over 25,000. That's all he's focused on right now Okay, so have these different goals for yourself to get to that point And he knows he also doesn't want to do construction for the rest of his life because it's a really hard job It's physically physically hard In fact, he calls me sometimes during the day. I can't even hear him. It's so loud the construction in the back And I just screaming him. I can't hear you. I can't hear you. I can't hear anything And then he ends up he ends up texting me but um You know, god love him. He's doing great. Any any he's gonna finally do the class uh this week But anyways, let's talk about the 26 point checklist It measures gaps by rating them and the daily chart to find stocks to trade that have Number one a high probability of directional bias for the entire day. Okay Early confirmation even if you don't get the move right a ways Early confirmation of the move a big move of the day and the precise entries would follow through and a good risk to Your target potential which is obviously what we all want Any questions here? Kathy, please put my email in the room If you want a trial to the room email me if you've had several trials already You got to tell me you're interested in the class this weekend to come again Some people have done trial trial trial and they never sign up. I I don't know why you know The room is serious. I'm focused on making money. I want to talk to serious people You can do this. You're welcome to call me if you have questions. Oh, you did post that. Thank you, Kathy Anyways for me You know, I've been doing this a long time. So for me I'd say most days are easy. Although some days I do have hard days, too But I've really gotten so good at reading the market that I think that that has enhanced My own level of trading as well So you definitely can do this and having a mentor counts for those of you that are looking at this this this Trying to break it down point I'd say four five hundred dollars a day That can average you out to be a hundred grand a year So don't think you can't do it I think personally Probably everyone that's sitting in this room right now could make four to five hundred dollars a day At least doing my strategy. So you really really have to chunk it out to a point that you can get Get there. Okay. Get there to that point Anyways, the golden gap system is a 26 point professional get bearish gap rating system That it's a class I do once once a month the bullish class is this weekend And it is looking at bullish gaps It depends if you're focused on options or day trades The purpose of the system is to help you evaluate which gap to trade each morning using a checklist This checklist tells you what to trade when and in what direction The 26 point checklist predicts directional bias in a stock. Okay So my system is called the golden gap And I truly believe you only need this one thing to be successful in the market because this is the only thing that I'm doing now For the last 12 years. You can do it for options. You can do it for day trains You can do it for ETFs. You can do it for stocks. I specifically Like stocks and companies, but we do sometimes do the market as you know Okay, you do not need a general overall broad base view though to make money And I really don't use any other fancy indicators either And tons of people know a lot about the market and they don't do well I've been on tv with these people and they they can't call the market right either In fact, a lot of people that day after we sold off we were telling people to buy the market on tv I thought oh my god this i'm watching it said this is terrible advice We sold off hard the second day then down again too and then we sold up again So I mean there's just so many people out there that are trading that have no clue what they're doing So I think what I do is very special And if you come to me and you do the class you will you will see that as well I think everyone that does my golden gap class walks away with a brand new view of how to look at the market And it's the kind of thing you're just not going to know to do it But if you learn how to read institutional money and price patterns and gaps You really don't need to do anything else the gap itself tells you a lot And again the gap is the difference between the clothes and the open Okay, and if your reason for doing this is to make money You will do well If you follow my structure and system and then the money management combined I'm not taking the trade for you. So you have to figure out the size in yourself But I'm definitely here to talk to if you have questions and I call the live trades in the room. I'll say 15 by 80 Okay, so 50 by 80 would be what first number is the entry second one to stop So that would be what 30 cents for example I don't call the front numbers because everybody should know what stock i'm looking at cn or bbby or whatever it is Because i'm usually doing one thing at a time So the system is called the golden gap Any questions here? I know we're coming into the 530 anyways the class is called the golden gap So here's the dates the bullish golden gap course is september 19th and 20th This is the only one i'm doing this year. So if you want to learn the bullish gaps You'd have to do it in september. I'm not doing this again in 2020 The bearish class is october 3rd and 4th 9 to 5 class tuition is 69 99 class is online Again email me if you want to sign up Now I was talking about the gap options course that julio is doing That class is this thursday 11 23 during the week This includes one one three of the gap options newsletter Tuition is $2,500 for this half-day class and then you get one month of the newsletter trades are emailed to you okay and as far as Learning goes I think it's invaluable to learn what to do You will trade better. You will have more confidence in yourself your choices You can match up in the morning then learning the gap or rating the gap with me Okay, you said well, I like this one. I'm going to do this one and then it comes together Now earning season is almost here. It's in october and since I don't do this class more than once a year And since most of the options are calls I'm offering one year of the newsletter free with the bullish class this weekend This is a fantastic deal the newsletter for the options newsletter is 69 99 So you're essentially getting that free for one year with the class you do the class And they get the newsletter free for one year. This is just fantastic I mean, I have had so many huge options calls not every trade I call works some trades lose But I have had so many trades that are winners and so many that are huge Netflix google, I mean, there's just so many that this is such a fantastic deal And I already have people signed up for this weekend. Do not miss out on this opportunity I don't do this class that often once a year and because many of the options newsletters are bullish gaps I thought this is a good opportunity for people to learn it and then do the options trades What was the first option you mean in the webinar? In the webinar Erwin, I'll go back. I'll go back You mean at the beginning of the today Gosh, I don't remember my assistant put this together for me Doodly-doo Might have been Netflix Yeah It was Netflix. Are you talking about the classes you lost me? I thought you meant the first trade of the webinar I'm like, I'm like options options options I'm thinking of all the things I have on right now. That's hilarious You mean choices You're funny the bullish classes this weekend It's it for 2020 you want to learn how to go long bullish gaps Do the class this weekend and you get the newsletter for free. You got to sign up by friday The bearish class is in october october 3rd and 4th And Erwin you are one of those people my god Erwin you've been following me for eight years You've been following me almost since I was born. When are you gonna sign up? I can't believe you haven't signed up Erwin Erwin Erwin Oh, but you've taken 10 other classes and lost money because you told me And I think some of them you paid the same I Listen you get what you pay for. It's like uh here. I'll tell you a story really quick. I I I I just bought these shoes I I thought I I I can't buy anything else until I get a bigger apartment. I'll tell you that right now I'm running out of space in my closets, but I bought these shoes. I bought these shoes at Nordstrom They were really pretty online. They were red They were red Sweet, okay, and they were so cheap. I said I have to get these it was a low heel And so I bought them I wore them when I had friends over the one day And you know what my feet were killing me afterwards. They were absolutely killing me afterwards I couldn't I couldn't I got I was like I can't actually wear these shoes ever again And I would never have that in an inexpensive shoe and I said, that's it. I'm done like I did I bought them Not because they were cheap but because they were they they looked pretty But then when I got them the way they were put together was like it wasn't real sweet It was like fake sweet or whatever, you know, like that Fox faux suede and I thought to myself that these were real sweet these shoes It was real leather They would have given and stretched and my feet were so squished together like my feet were killing me afterwards And I blisters all over my feet But if they were real leather they would have cost, you know, four or five hundred dollars or more And I my would my feet wouldn't have been killing me. So it just goes to show you you get what you pay for You get what you pay for you buy cheap shoes. They hurt your feet expensive ones They last forever So it's the same thing with trading classes. You get what you're paying for You're going to get a good class with me. You're going to learn the information You get my support as a mentor and also in this case here If you want to do the bullish class this weekend you get the newsletter for a year. That is a fantastic offer The option course is a separate class. There's no prerequisites for that at all That is one month on the newsletter and the class. So that is Thursday You have to sign up for that by Wednesday. Today is Monday If you're interested in this or the other classes, you have to email me to get the sign up paperwork This is a good introduction to options. It's a half day class It's not the whole weekend and then you get one month in the newsletter to see what you can do with it So Julio again, I'm going to Julio is a good example Julio has already Paid for the newsletter through the end of the year So Julio before he even his subscription was even up and before he even did the class this Thursday Has made so much money in the last few weeks Um, he signed up to extend his subscription with a student special I did until the end of 2020 So he's just a great example of somebody that didn't know anything at all Is a construction worker. It's not at his computer at all I mean half the time he can't even see the chart. He's looking at it on his phone on this app I mean, he's just a great example of someone that That really I should talk more about because so many people think you need to have this Plethora of education and information You know back in the stock market and this and that a lot of times people have been trading for a long time And of all this information it interferes With their ability to actually make money and they have a lot of bad habits And those bad habits are going to kill you and kill your account You come to me with an open mind You're going to learn what I know and you're going to listen to to what I'm saying, you know Now, let me just look here quickly at the market before I let everybody go here tonight See if we're doing anything here No, we're just flat Well, we're just flat here. Actually, we're down a little in the spy We're down a little on the spy Flat in google flat in amazon. Let me look at apple This is up slightly but not much Okay All right Not much going on here after hours tonight. Wanted to take a peek? Listen email me if you have questions email me if you want to try out of the room Erwin one of these days you're going to join maybe let me this week Maybe you'll surprise me I'll fall off my chair In amazement And then you're going to join then you're going to trade then you're going to make money Then you're going to do a testimonial for me or better yet, you're going to get on skype And we're going to do skype video. I'm going to post it on youtube I'm going to say Erwin Erwin's been following me for eight years and never signed up And then he finally did And he started making money Kathy if you weren't so distracted by your cats, I teach you how to trade you got too many cats and too many husbands Too many distractions Listen have a great night everyone and please please stay safe out there everybody wherever you are in the world Very good Okay, Kathy I can teach you math