 Welcome and as you know that that the sound of the trumpet something just time to begin Please put your hands together and welcome our host presenter for the next hour. Please welcome from the stocks wish calm Thank you Kevin, thank you so much everyone at online trader central welcome My name is Melissa armel, and I own a company called the stocks wish LLC Today's lecture is going to be about making six figures a year trading the open and we're going to talk about the open This is a very specific time of the day in the stock market. We will be talking about the US stock market This is about trading stocks and trading stocks into the open If you would like more information, you can feel free to email me at Melissa at the stocks wish calm You can also go to my Twitter site Facebook YouTube LinkedIn pin interest or Skype and add me at any one of these places If you'd like more information show today's lecture is going to be about the open and Particularly about trading and if you're looking at making this kind of money a year six figures a year You could possibly trade for a career if this is what you want to do or you could do it as a part-time thing And still make this kind of money on the side So, you know, I meet a lot of people I live in New York and it's so interesting when I meet people I always say what do you do for a living? You know that the happiest people are people that have a career that they love So right now I want you to think about this. You're by yourself. You're alone. You're at your office Or you're at home. Are you happy with your life? Are you happy with your career when you get up in the morning and you get up out of bed? Are you excited about the day? Are you happy? Do you look like these people? Okay? I enjoy training I enjoy what I do and I think it makes a big big difference if you have a career that you love or one that you don't Having a happy life has a lot to do with your career choice because we all spend time out of our lives money through Friday Some people work weekends working. You have to work to support yourself Whatever you do whether it's trading or a regular job and so the quality of our life though How we feel how we communicate with people whether we're smiling whether we're happy has a lot to do with your career choice Because you spend a lot of time, you know in your career and what you're doing And if you don't like what you're doing for career Sometimes you can end up being unhappy and this reflects and other things to relationship your finances all of the other Parts of your life it all goes together and having a happy balance so trading is one of these things where maybe you might consider a doing this for careers a career change and really Trading a having a trading career is a lifestyle choice because you do not have to work set hours every day as a trader The markets open 9 30 to 4, but you would not necessarily have to be there every minute of the day from 9 30 to 4 And I actually am not and the strategy we're gonna talk about this morning sets up in the open It happens really quickly into the open and you're only training that period into the open So a training career has a lot of potential not just for the short hours But also unlimited income and of course, this is something that everybody wants They want the potential lots of people have careers now where they're used to getting Over time or cost of living raises and companies just aren't giving them anymore They just are not giving them anymore and you have to kind of start looking elsewhere for more income potential To get where you want to be with your life This is My message this is a big message that I have and it's really what I call the wave of the future It's taking charge of your own life Deciding that you want to do something and the great thing about the stock market is it's a vehicle that's open and Available to anyone to trade from any walk of life You do not have to live in the United States to trade the market if you have money and you want to learn how to trade You can do it and you can do it This is the wave of the future is taking upon yourself to empower yourself to do something to make more money for yourself and Instead of relying on a different company instead of relying on a boss instead of relying on employer Which we don't have the same reliability as we did 10 20 30 years ago You know 30 years ago people went to a job that worked at a job. They got a pension. They were there for a long time They were valuable to the companies that employed them. This this is not the way the world is anymore Okay, we have to take charge of our own life on our own finances We have to be forward-thinking and this is one of my messages Okay, you have to get to a place where you realize that and you want to create the future for yourself And the great thing about trading in the market is that you can do it So let's talk here about six figures six figures of your how how can you make this kind of money a hundred random year or more How can you make this in the market? Well, it's a new method. It's a method that I've created to make money trading There's a new method to trade the open that will give you a profit edge Okay, so that means you would make more trading this period of the day Then you would even sitting at your desk for six hours There's a lot of a mention that happens into the open of stocks on the day The open means right into 9 30 right into 9 30 between 9 30 and 10 a.m Many traders do not trade this period this quick time of the day because they're waiting for confirmation They're waiting for what I call confirmation confirmation of the intraday trend whether the stock is going to be a long or short Before they trade it which means many traders wait till after 10 o'clock But what if you had a new method to get the confirmation before 9 30 before the open happens before? It even does anything before the stock market even opens What if you had a method to get the confirmation before it so you knew what to watch and so you could trade that period? Well, this is how I trade. It's a new method that I do. I personally trade it It is trading gaps and I am reading the gap before the stock market opens to determine What to do for the directional bias of the stock on the day or the market now? I've clicked here a chart of the QQQs I've read this market Extremely well. Okay, one of the reasons I've been able to do that consistently is because I am reading the market gaps The market had a bullish gap here Now for those of you that don't know what a gap is we're gonna I'm just gonna briefly go over it For those of you that do you're just gonna get a review of here This is the chart of the QQQs. Okay, we're going back here to May Market rallied up here a little bit over a booped over $90 a Gap is when a stock closes or the market you can do this with ETFs too at a certain price one day Which should be four o'clock Eastern time it opens the next day in a different price So the market gapped up this day it opened at 9 30 Eastern time Then the next day after this day here You can see where they closed at 90 something and then gapped up the next day to 91 something That's a gap gaps can be big gaps can be small Again stocks and ETFs can gap. This is a QQQs. So the QQQs gap up, okay This is a market ETFs had a rally on the day that took this market up to new highs Now there were other gaps in here, too. There's a few other ones as well. Okay, here's one as well These are all bullish gaps. There's another bullish gap in the market. There's one. There's one. There's one, okay? Now today the market gap down we closed today the green. I don't know the exact Price that we closed today, but I know we closed green and in the morning when I saw the market where we were gapping I said we're gonna we're gonna hold meaning we're gonna rally We're gonna hold and that the down gap was gonna actually rally So how do am I able to figure this out when these ones are going to go in the opposite direction or when they will Go in the right direction. How am I able to do that? Well? I have a method to do that and this is important because if you do not Train something in the correct direction, you won't make any money as a trader and obviously you need to make money So the importance of the open happens right at the beginning of the time frame But I'm getting the information that is giving me the confirmation when I see The market or the stock gap now the importance of the open is that Professionals are taking positions in and out of the open. This is the most important thing about the open in existence This is why this time of the day matters This is why you can make six figures in your trading this time of the day And if you know how to trade it you can do extremely well it is something that a lot of people don't know how to do well and We'll never know how to do well quite frankly There will there with this will always be and it always has been it will always be a time of the day That is for professionals now as one individual you're a person you can still trade With the professionals like a professional and take what you do when you're trading very seriously You don't have to go get a job at JP Morgan Chase as a professional trader at a trading desk in order to act and trade like a Professional the beauty of what your choices are what you can do is that you can trade from home But you think and act like a professional and trade like they do and think about what they're doing Because those traders those big traders those professionals are the ones that are making the moves that you make money on So the importance of the open is number one. It's traded by professionals. Okay. That's the time of the day when they're in it meaning that punch funds trading desks banks Institutions they are buying stocks into the open or they are selling stocks into the open or they are shorting stocks into the open It is being traded by professionals large large money Also setups have good risk to you were with small stops or the smallest stock you're going to get in the stock of the day Some some stocks are expensive are spreading and they they will have the smaller stock possible Okay, that a stock could have for example cores had a move today There was a gap today. It was the smallest stop that that stock could have had. It was a spreading stock But you get a good entry meaning a good receipt We're going to talk about that later if you trade and take the position in the open It also tells you immediately if a stock will have momentum of volatility Again, this is something that I teach you have to learn how to read this This is how you know whether to stick with it or whether it's going to be a bust And it's not going to work and it's going to flat line and not go anywhere and not have any movement The only way you can make money as a trader with stock moves Also into the open the importance of the open is it tells you the directional bias whether we'll play out correctly or fail Like for example the QQQs that gap down this morning, but flipped and rally It was a bearish gap But it found as a bearish gap and rally as a long you bought the market today That was the right thing to do It was the correct directional bias and you made money, but you were buying it down gap So you have to learn how to read these ones whether they're going to work correctly in the direction of the gap or fail So the main point about training the open and why it's possible make a lot of money doing this is that professionals Trade it professionals trade it with power money. They have a lot of money. They're making the moves. They're doing it You get in as It sets up. So what happens the professionals trade it they do their thing They buy the stock you get it when the stock sets up into the open the power money moves You're trading the right direction you determine It's going to go per the 26 point rating system Which is the system and method that I've created to trade this part of the day to know what stocks should look at to trade it You let the power money move your trade. Then you're at money quickly You're also out fairly fast because these stocks have very Momentum moves and what you do is you really ride the coattails of the big money and then you get paid by it You are not going to move a stock. You need that power money to move the stock You need the professionals to move the stock That's what's so great about taking a position into this time of the day because professionals are moving the stocks In fact, sometimes if you go in the summer is a good time to do this actually you can go and look at You know 50 stocks a hundred stocks people say well, I like to trade this summer I'd love to trade this summer July was a great month August is going to be a great month Summer is a time to trade the method that I trade into the open because that's when people are doing stuff People are still doing stuff institutions hedge funds are still moving stocks are still in positions are still there in the market Okay, but you'll see stocks kind of like flat lines sometimes after 12 o'clock or in the afternoon particularly in the summer There's really nothing to do and so that's why again if this is another strategy You could do for a living because you could trade it from January to December Okay, you could trade it from January to December because you were trading in the open Lots of times they call it the summer doldrums was nothing to do in the afternoon But if you trade the open you're done quick you're making the money and then you're out So trading the open gives you an edge why because the professionals professionals take positions in and out of stocks during this period If you learn how to trade it you will have a huge edge and you're trading if you wait until it's over You may miss the move. Okay, if you wait until the opens over if you wait until it's done You may miss it you may miss the move that the professionals make they may be done They bought everything I wanted to buy that's it are they still everything I wanted to sell that's it If you wait you won't get the risk to reward as well Okay, and if you wait you may miss the entire move if you want to make money like a professional $100,000 a year more than you need to learn to trade in that time frame with those people with their professionals acting like a professional with That amount of risk that you can take per your account But you're training thinking like a big trader like a professional with them reading what they're doing Because you're just riding their coattails. That's how you can make money doing it Most individual traders have no idea no clue how to trade this time frame or do it wrong and most traders who are trading the market for five ten twenty thirty years I'm I've talked to people who've been trading for so long that don't know how to trade this time of the day correctly PS PCln I did not even look at today. I can look at when we're done JT didn't even look at it I can read the open trade it and caught extremely well This is a skill I have mastered in the method and system I used to train and it gives me an edge to read these professional moves. Okay, so I'm good at doing this I mean, this is why I'm doing it making money doing it and I'm teaching people to do it I'm very good at reading it. I'm god at calling in a lifetime and I'm good at trading it And let me tell you something people also shy away from this time of the day because it happens in a very short time frame But that allows you to make the money quickly. Okay, so that's the plus about it I think on my feet. Okay, so I can read it right away, but I also know what I'm looking for I know like way ahead of time what I'm looking for I know what to look for what the resistance is what the support is for the stock What's not kind of it? I'm watching and that's how I'm able to call it so well And all this comes down to the fact that I'm reading price. I'm reading price and and this is a skill I mean, this is a skill a lot of people talk about stuff. They want to learn They want to learn how to Trade I'll get to the examples a little bit kw. They want to learn how to trade. Okay, but They they're they want to read books. They want to they want to trade people want to People take their money and just go right into the market and start trading You know, you've got to gain that skill. It's a skill that you gain Now whether or not you gain it in a couple of days a couple of weeks or a couple months is up to your Attitude and how well you can follow me and learn what I do But it's certainly something that you can do Now kw wanted some examples. Here's an example of starbucks This was a bearish gap down. It was a gap down that happened on july 25th. I did not short it I did not short it. I did not buy it It was a gap down failure is what I call a failure. Here is this stop trading into the open. Okay Again, I know how to reprice the stock open to your rallied up first dropped broke the low I'm sure some people shorted this and then some people bought this. How do I know people shorted this? It went red. How do people bought this did it down the bottom here rally rallying over the high Came down and then it rallied up But the stock ended up trading and closing of the day with a bottoming tail and a topping tail and no body A very small body that was a greenish color It was a gap down the correct direction of bias would be to look at this as a gap down It was not a good gap down per the 26 point reading system I use and then when you see it in mealy in the open Boom, I tell right away is it's a failure stock should not have done this the way that it's set up on the daily chart It should not have done this. Okay So didn't even do anything with this so you don't waste your bullets and you don't waste any time It was a failure and I I knew it was going to fail before I eat the market even open And then I saw it in the open and I didn't do anything with it. I saw it was immediate failure Okay, but You see and rate the gap in the stop Before the open to know if it's going to be good or not And in this case, then of course it never set up. You don't do anything with it. Now. Here's an example of an open Uh, that was a bullish open. This is a bullish gap. There was a quality open. This is iantc This is back on the 16th of July The stock opened gapped up close the night before down here at 30 170 opened up here at 33 30 Nice bullish gap open rally. This is confirming the bullish directional bias for the professionals on the day of iantc So you can watch and wait and you get the confirmation here that you can buy the stock on the day Okay, this is a good sharp by the way. This is a this is a good bullish sharp by the way iantc for the longer term And then here's the course talking about this earlier again Watched course this morning immediate confirmation dropped ran down rallied up set up again and broke went all the way down Went to basically what would have been the dream target of the stock on the day Again, you can get out of these by 10 o'clock Or you could stay in them till they keep if they keep going. I mean it's up to you But you were watching the open To determine where to get in to know how do you know you got a know to watch for example Of course and you would look at it in the morning before this even does here And then you would see him immediately right away and you do it and you take the trade Uh The procedure for scanning is jt is asking a procedure for scanning you can buy a scanner if you want Uh, or you can just use the scanner on your platform. I actually don't buy a scanner So and I manually do it if you're asking me if I input everything into a thing and boop boop boop No, I manually do it with my eyes because I have a really good eye read on things If you want to put everything into a scanner and buy a scanner you'd have to program everything and you'd have to Do that. I I don't personally do that. I just do it manually with my eye So a common sense strategy is What gaps are because The fact that they're trading with large institutional money the fact the professionals are making them That is what's making the gap in the first place the professionals and then you're you're getting the follow through into the open Of what the professionals are doing The professional gaps that happen and plan and stocks are formed by one thing and one thing only large institutional money So therefore you need a way that will help you pick the correct direction to play the gap and confirm that the large money will Flow with it by having a formula to read and qualify the gap You get confirmation and conviction that the large institutional money is on your side And then you play it when you get the setup gaps are an event. They create a sense of urgency We got to get out of this thing. We got to sell this thing whatever happened a ceo quit There's a downgrade bad news in it in something that happened with the company and then there's an urgency Where the professionals have to sell out of it and immediately get out Okay So an action is being forced by participants of the stock people that are long the stock or people that are short the stock Whatever their position is they're being forced to do something with the gap Whether it's a gap up or gap down And this is why gap trading is incredibly powerful trading gaps is a powerful and profitable way to train because you're trading on the Side of the power and like I said, you just trade on the court coattails of them. And that's how you make money Now I was saying earlier one of the good things about trading this method in the open is you can book profits quickly Whatever you want to do whether you want to get out of half a quarter the whole thing You can book profits extremely quickly doing this So you don't have to sit around and waste time all day to four o'clock. First of all the volatility happens in the morning Any percent of the volatility happens into the open Sometimes stock will bleed and go all day low or or rally higher into the close But that is very very rare It is so rare that it's not we're sitting here at dusk to four o'clock if it was I would okay But it isn't and the beauty of this is that obviously if you have other things to do with your life You can get on and do other things So, you know You can trade in the morning and be done very quickly And also that's the time of the day when you're going to get the move to pay you anyways So it's not like you're really giving up anything not trading the afternoon Okay, and this is any time of the year from january to december So you're booking money quickly booking money quickly helps you because it actually helps your own uh way to Go into the train take the risk because you know, I'm not going to be in this that long I'm not going to be in this thing that long as soon as I take it You're almost like i'm up We're going to get ready to look where we're going to get out as soon as you take it You get in you put the stop in you're looking to see where are we getting out? I mean it helps you it gives your p&l boost and your confidence of boost as a trader If you can take a trade and be up money immediately I mean I cannot tell you how good this is for people that are new And I since i've been teaching you people it really makes a big difference It also gives your confidence of boost if you know what to watch ahead of the open You will say loads loads of time is stress of having to filter and scan stocks into the open If you have determined what to watch ahead of time a lot of people will scan stuff into the open They'll find something they'll scan on their scan of their platform and after 9 30 9 45 10 o'clock Well, then it's too late the setup's gone. The risk to your word is gone. It's already gone Okay, it saves you time and stress if you just figure it out before the open So how do you do this with a method that pinpoints what stocks to watch and what direction to trade them? You have your list or your top pick. I usually have one top pick You're ready to go and then you watch it to set up and you trade it You just watch it set up and you trade it and you see if it immediately fails You see if it's really sets up and you see if it's going to work right away into the open Once you get good at the method trading becomes relaxing not stressful last week The last two weeks were so Relaxing it was almost like I would just get up in the morning find something and I liked immediately I was hardly even looking for that many things like it would be like us. That's perfect. Let's just do it And I mean it was like literally that relaxing and I would just take the trade and let it go I mean once you get into a groove and the better you get trading becomes relaxing It is stressful to trade a million different symbols It is stressful to scan quickly quickly quickly into the open from 9 30 to 10 and then 10 o'clock You're rushing around to take a trade and then you have to watch the market You have to know what to do that's stressful. It is not stressful being prepared being prepared takes away the stress Okay, and it helps you get conviction So I've developed a method called the golden gap 26 point rating system to narrow down before the open What stocks to watch to trade? So it pinpoints what to watch in the open a b c or d whichever one it is I like to have a top pick and sometimes I have two top picks and then I watch them into the open They still have to confirm into the open. They're going to work. Okay So you still have to watch it There are thousands of stocks out there. How do you find the ones with the gaps you like? I have to go through them. I have to go through them kw That's what jt was asking me. How do you do it? You can get a scanner if you want to but actually my platform has a scanner And since you pay for the platform you as we use the free one that comes with it If you don't have a free one with it, which I wouldn't know why you wouldn't because almost everybody does But if you wouldn't then you'd have to get a scanner. Yes, but I mean I actually I'm you probably have one you have to call the platform place Okay, I'm sure you have one. I'd be shocked if we didn't have one So I've developed a system this method this method to know what to trade before the open And I use a 26 point professional bearish gap rating system The purpose of the system is help you evaluate which gap to trade each morning using a checklist and that's how I do it That's how I know what to watch So having a system also helps you focus a hundred percent on one thing now this was one from Like it was last week guys. It was last week dwa This was on the 30th If you know what to watch you will stick with it This stock actually got down. I loved it. I liked it. I liked it. Okay, but it didn't go right a ways But I knew it was fine And I knew how to read this and I knew that there wasn't anything wrong with this And I knew it was still a short and if you don't know how to read this You might short this buy this and short it again and buy it again. I have no idea I had a hundred percent conviction a hundred percent focus Because of my reading system that told me this was good So when the stock booped over the high of the day and had this big rain bar, I stayed in the trade I was ready in it. I stayed in it. I didn't kill it and I didn't get stopped out I stayed with the train. You couldn't have even taken more dropped broke I stayed with it here stayed with it here stayed with her stay with her broke on down So it helps you have a focus if you have a system if you don't have a system You love any focus you're shorting a stock and buying a stock of the same symbol You're doing five different things And you're obviously not taking size because it's hard to take size in a trade if you don't have conviction or focus So quickly booking money helps your p&l, but it really helps your confidence level And you need your confidence level if you want to trade with size Now let's talk about risk to your word here a little bit before we get into the examples It's a good idea to try to go into every train with the thought process that you're going to make one to three Three is your goal. Okay now for every dollar you risk you should have a goal of three Minimum now there will be trades where you make more than three There will be some where you only make one But you need to have the potential of it to go to three which means the target You would look for the stock to go to the target to make three now There are times when a stock will go to a dream target Then you're making 10 or more Some stocks don't go to the full targets and then you might make only one to one or one to two The goal is to find a highly rated gap that has the potential to make a big move of the quality setup I always take a gap with a risk to our potential three or more And also this has to do with the conviction because if you took dwa here and you killed this tray before and broke You didn't have the risk to reward payout. You didn't get the payout But you know what if you took it right you did so again focus conviction focus conviction Focus and what gives me that is the rating system? Okay Uh, let's look at the examples here jt is asking instead of actually buying or shorting the equity stock I'm sure you can just do the options right you can if you want to I don't teach people how to do options But since the 26 point rating system tells you directional bias, could you do an option in it? Yes, you'd have to know how to do the option Uh, I personally am not doing that. Okay. I'm day trading the stock But if you learn the rating system and want to do the option instead You can there are people in the room that sometimes day train them and do the option with me Some people are only doing the options. Some people are only doing the equity. Some people are doing both That's up to you Okay, so let's look at edu again a nice gap a gap. I liked I had conviction. I rated the gap was a good gap Stock closed the night before up here 24 12 open the next day down here 22 something this stock felt applied here into the open and actually I teach this in the class how to read this correctly. This is actually how I name my company. This is a swoosh This is called a stocks swoosh. Okay, so I actually didn't play this It it happened so fast. I didn't pull the trigger in time to even get it. I literally missed it This thing here from here to here was two bucks Some people in the room got it But I was right on top of this thing watching it Anyways, it rallied back Checked the setup here Now it dropped a dollar in here beautiful trade. So the price. This is the second entry now Not the first one the first one fell two dollars. So price is 21 44 risk is 30 cents You must use similar risk every time you take a position This is a subject for another lecture, but I think it's something important that I'm going to have to start talking more about because people don't realize it really Is is very essential that you use a common risk amount that you set this for yourself. Okay Exit is a buck a buck in herself boot and it dropped on down told a profit if you took 2000 shares Was almost $2,000. It's a dollar. It's a good move. Richie word is 3.3 again very quality quality quality quality buying power required is 42,880. This is very good. This isn't even the buying powers the amount of leverage the brokers giving you This is a very good amount of buying power. This isn't even too much too high too big. This is realistic. Okay And the trade worked right into the open you're watching it you see the setup here it drops You could have done that one then it values back then you do this one boom You're all out of this thing by 10 o'clock 10 o'clock fine. Okay. How do you know to watch it 26 point reading system? How do you know it's okay to take it to short it you watch the open and how it trades and you take the setup Okay, and you got to know what one to do Now I want to point out here that This was the day that I did it this one here That's the picture. I just showed you this is a daily chart. That was the one minute Look what the stock did afterwards This had a great move of the day was a beautiful move of the day was a good short It went to the dream target in a swing trade Now this could have gone to the dream target as a day trade down and broke 19 on this day. It did not do it It was good though. It's great Made money, but it could have gone here in the day. Sometimes I do that. It did it on the swing trade Okay, beautiful follow through a nice follow through and you can get these kinds of moves again in gaps So you can do swing trades with this and if you were talking about somebody was asking about the options Look, you know, you could hold it on through for this Okay And you get a bigger move Again, I've never done futures either kw. I've only ever traded a day traded equity So I don't know if you could do it with futures or not I can ask some of my clients if they've ever done it me personally I haven't if you you're looking at the gap and that's how you're Picking it what to watch and then you're watching the open Which is right into the 930 Now the stock did have a move again after the fact. So let's go back here Here was the first move down in here Here was the next move on this day and here was the next move on this day. Okay Really great quality setups in this stock If you follow through you could have played this three days in a row You could have done nothing but this for three days in a row So now you're watching this the next day in there. You're waiting. You're like, I know this is going to give the dream target It's going to go in a swing trade. I'm going to day trade. I'm going to watch it every day for the follow through Stock opens drops rallies back Holds You take this and short this in here and here's the move on one of the other days in there You see it Beautiful move How do you get the confirmation right into the open as soon as I'm seeing this here? I'm reading this again If you don't know what to look for you're thinking this is not going to work And if you don't know what to look for it, you're thinking you're going to buy it And if you don't know what to look for it, you don't know to do this as soon as I see this I say it's good boom Okay And this is a follow through on the original play from the original day of the original guy Price in this entry here was actually a better better mystery word 2040 risk is 20 cents You can take another thousand shares you take 3,000 if you risk 600 exits 19 actually dropped and broke broke 19 That was the target. That was the dream target on the day of the gap This is the follow through tell the profit $4,200 risk to word seven times the risk to word buy in power 61 to this is again very reasonable So how do you make six figures a year? A $2,000 trade a $4,000 trade a thousand dollar trade you you add it up and chunk out a month like this Okay, buy taking proper entries looking for good quality gaps. Okay, you're chunking out the amounts of money that would build up your month by taking quality trains like this And you need quality trains like this in order to pay for your commissions to the broker Your platform fees if you have them For a trading room, you know all of these things you need to be making money And then in top of that you have to pay yourself. So you've got to have good quality trades Now I clip this here because I wanted to talk about indicators because so many people use What I call needless indicators things that are you don't you don't need you don't need you don't know why you use them You couldn't even explain them to someone if you pulled someone off the street And you would try to explain this to them You may not be able to explain this to person on the street and if the person on the street saw it Person on the street probably wouldn't know how to read this I could explain to a person on the street What is going on here? Even if they never traded before in their life, I could say boom boom boom I could explain everything in this chart and I could tell them what it is Many people use these indicators. I don't know what they mean. They can't explain to people All right, and regular people can understand them It's just common sense breaking it down that the only thing you really need to be watching when you trade is price And what happens is with indicators we get so focused and your mind gets taken off Which you should be looking at which is the price and many times you have so many indicators And you're trying so you can't even see the darn price and then that's really a problem if you can't even see it Uh Nick Nick Has a question if we can only for trading 200 or so shares rather than 2000 is it worth using your system? You'll still make money nick-nick But you obviously would not make as much money as you would if you would trade 2000 shares But if you're new and you have a small account you have to use the amount of money and trade what you can You have to work with what you can if you can prove to yourself that you could get good with doing this However long it takes you to do that You will be able to over time risk more why because your confidence level will be higher You will know that you can make the money and you will be able to Do bigger size over time if you can only afford to take 200 shares now Then that's all that you can afford to take you can still make money doing it Whether you take 100 shares or 1000 shares or 10,000 shares Obviously the more shares you take the more you can make but you can still make money You would just make the same risk to reward but dollar for dollar It would be less for dollars and cents but the risk to your word would still be three to one If you took 100 shares or something and it went a dollar you'd make 100 bucks That's still 100 bucks 100 bucks 100 bucks or 200 bucks. You've dipped 200 shares and something moved to dollar like and this one here Okay, it was more than a dollar this all right So you have to take the risk at a for 20 cent risk If you took 200 shares is how much quickly quickly i'm quizzing you somebody tell me Gosh, there's people in my trading room so much trouble with size How many shares can you take no one's even answering me? It's her risk is 20 cents You gotta get around and do this you gotta know how to do this right now This is arithmetic simple arithmetic 20 cents. Nobody's even answering me. It's gotta be somebody here philip anybody somebody from my trading room How many how many shares can you take? No one's answering me I Say 40 shares No, you can take more than 40 shares If you if you take our home of 40 dollars 200 shares is 40. Yes. Yes 200 shares is 40 dollars. You're risking Donby says a thousand Yes loss amount. That's correct. So if you would take 200 shares of this nicknick You will be risking 40 bucks Okay, now if the stock moves a dollar You would make 200 bucks and you risked only 40 That's pretty good nicknick. You see and it went more than that So and if it were took a thousand if you took a thousand don be be 200 200 bucks I need to make more than a thousand you already made 1400 bucks So it was 200 bucks to make 1400 bucks. That's good. That's a good risk to reward trade Okay, um, let me answer another question here before I go on to talk more about indicators You sell inputs, but actually never shorted only use puts Inverse ETFs. Can you explain the margin crime? For instance on edu 60k needed, but it's similar to margin requirements Are you talking about You're talking about options again. I think jt you're gonna have to talk to the broker about requirements for buying power for margin for options I've never traded them. So you're gonna have to ask the broker about that When I trade an ETF or a stock It it sucks up the same buying power for me If I trade the qqqs or the strike price of the qqqs is 90 bucks It takes up that amount out of my share size if I take a thousand shares of being 90 grand So I don't know what it is the margin requirements are for options. I don't want to tell you the wrong thing What is your attitude on sim trading? I think at the beginning if you don't know how to trade on the platform You got to practice on a sim could be a couple days could be a week But you can't take a live trade without ever having taken a live trade before if you've already traded before and you know How to trade actually pressing the buttons Then you can trade live After you take my class and actually trade small size But you still have to actually practice on a demo Even for a day to know how to put in a stop because what if you take the training on how to put in a stop? I mean you have to be able to know how to short it and put in a stop or buy a stock. I'm putting a stop So let's go back to indicators here. Why do people realize so much in indicators in today's electronic training world? People rely heavily on indicators There are so many places that sell programs and systems and indicators are designed to help you with signals To tell you the exact entry and exit, but if there was such a thing we wouldn't wouldn't we all have it? I mean this is just common sense If there was such a great signal platform out there a program system indicator anything They would tell us exactly where to take the train exactly where to put the exit when we all have it And by the way, if we would it wouldn't work it wouldn't work There's only one winner in a trade There's only every one winner when you take a trade and you make money somebody else in the opposite end loses When I take a trade and I make money somebody opposite and loses There's only one winner in a trade and there is just no magic indicator of signal machine Or anything that you can buy to tell you a signal that's going to tell you where to take a trade in one direction It just doesn't exist Becoming a successful trader is something you need to learn if you've got to learn it I mean, I'm here to tell you you must learn it. You have to learn it and apply yourself to learn it People like to rely on indicators because they don't know what to do. They're unsure of themselves mostly Okay, and they lack knowledge and conviction the true path that is success is to get the right knowledge And then you gain the conviction and then you can trade Once you come to grips and come to terms with the fact that you're gonna have to this is a process You're gonna have to learn to do it You're gonna that you're gonna have The gates are gonna open wide for you. Okay, you must learn how to trade to make money. There is no magic pill Okay, and even if you take my class you're gonna you're gonna have to learn you're gonna learn what I teach you And you don't take a pill Okay, you're gonna learn what I would teach you how to do this and you got to learn it All right, it's one of these things that People want to make money in the market, but you have to apply yourself It's just like if you want to go to law school and you want to pass the bar after you graduate a law school Well, you have to study. Okay So there's no magic indicator that's going to tell you what to do If you don't use all the indicators you have on your charts how we know what to watch how we know what to do How do you know when to take something when this and moving average intersects with this one? It does this you have The golden gap system you get the gap you rate the gap you rate the gap for the 26 point system And if it's good, then you watch it to do the short for example Okay, this was another one here. This was b y d. This is friday And you don't have any indicators on here with fibonacci's or things In fact, you have no indicators even around this all the moving averages I even have as indicators are far from this. How do you know what you do with this? You are actually rating the gap We're looking at the price the stock is opening on the day And you do this all ahead of time before the market even opens Now here was another one. This was p. This was the end of july as well Again a good gap stock closed up here 28 80 open down here 25 40 open rally Beautiful beautiful beautiful entry in this again into the open into the open into the open If you take this here right away and some short the stock and put the stop over the right place It drops a dollar If you wait if you waited and you waited and waited and waited it never set up never set up again The only setup was here and you could have taken a late one here, but again into the open You missed the whole move 100% of the movie missed actually if you did not short this into the open And it was a good gap. So you can watch it to short Price of the entry was 25 75 risk is 10 cents great risk in this beautiful beautiful stop again You're you're you're getting the gap you're getting the gap So you get the confirmation of the gaps you can take the trade into the open again a dollar move Total profit you could have made over six grand on this So obviously you can see how the money can really start to add up huge trade here 12 times the risk to reward why because the stock went to the target They don't all do that, but when they do they're nice trades buying power required is a little bit more for this one because of the cost for 141 625 and also you took more size, but you could because it's stock So if you want to risk $100 you can take how much a thousand $200 2000 2000 and moves a dollar That's 2000 bucks Okay, and again the trade worked right into the open So how can you learn how to trade stocks like p the class the class I teach is called the golden gap course It teaches this 26 point rating system that I use to find the best stocks to trade each day and by golly I do I do The course also teaches you how to play the stock as a day trade The course teaches you chart analysis and technical analysis at an advanced level Long-term trading potential for swing and core trades also exists in highly rated gaps Like I showed you there. You could have done that one down into the drop an edu and there's other ones Now why learn this method? Why do it? Well, I've been trading gaps in the open for six years before I developed my method I tried many different types of ways to trade in the market. Okay. I tried a lot of different strategies Figuring out playing around with them seeing what would work I found that no other strategy gave me the conviction to take risk Like like I like what I'm trading gaps like nothing else that I felt like I could take the size of the risk Gaps have so much power momentum and volatility and I would see them move and so many other things were like snails Spiny what institutions are doing with the stock in the open is an advanced skill that you can learn from me Learning how to see whether a stock will be a long or short Or a fail on the day is important to make profits because you don't want to take the stock in the wrong direction And you don't want to buy and short something in the same symbol the same day That's you know a nightmare for your commissions and it does nothing for your level of conviction And you can't trade like that. I also Do it because I'm looking for the follow-through And I saw the longer term quality that gaps are making when I started out trading gaps And it's all due to the institutional buying and selling. Okay, so this is one of the good reasons to learn it Melissa, how can you trade quickly if you're rating a gap in 26 point criteria? I do it all before the open I'm rolling out of bed at the crack of dawn. I start the trading room at 8 30 I prep for one hour before the open sometimes it doesn't take me an hour Sometimes it takes me a whole hour. I'm doing everything before the open read So that's exactly how I know to watch p. That's exactly how I know to watch edu. It's exactly how I know to watch something Now why learn from me? Because I have an edge in my ability to be able to accurately read directional bias in a stock due to my 26 point rating system 26 points is a lot of things to look at And analyzing the daily chart of a stock. So I'm prepping beforehand. I'm not doing it in the open I'm doing it beforehand. So you have time to do it. You still have time to do it down an hour I have an amazing ability to correctly read a stock within minutes of an opening or even seconds Of an opening at 9 30 am eastern time. And this is what you would learn from me I am able to do this so well so many days because of my ability to read gaps How am I able to read that open to read an Immediate train set up or failure because of my ability to read gaps because the gap rating gives me the confirmation Okay, I can pinpoint what to watch and what will work all pre market before the stock market opens I'm doing this pre market I'm not taking a pre market. I'm taking into the open But I'm reading a pre market and I have an edge in my gap analysis in many hours of experience into trading the open I I have traded nothing but this for years this time of the day And I also have a great eye for reading price, which is how you're going to train That's how you're going to make money This is a skill that you can learn from me and the advantage of learning from me is that I'm good at it And you will learn from an expert and I'm an expert at trading the open and I'm an expert at trading gaps I'm an expert at reading price and that's how you're going to make money as a trader You're not going to make money as a trader buying something that's going to give you signals Putting extra indicators on your charts. In fact, it's going to take away from your ability to do that Many people shy away from trading the open or have no idea how or trade it incorrectly and yet this time of the day is So much valuable information in it. It's like reading into like a looking glass where you can see How am I able to see what somebody's going to happen ahead of time? How am I able to see what the market's going to do? How am I able to see that right now? This five is going to give a 200 Sometime soon. I don't know the day that it does it. I'll probably see it the day of whether it's going to do it Okay How am I able to do this? Because I'm reading gaps Am I ability to read this time frame quickly gives me an edge and you will have a chance to learn this edge from me If you learn from me and if you learn my method, so that's the reason to learn from me You're learning from someone that's really good. It's something that she does and this is trading the open and trading gaps Yes, keep it kw you can email me The other value of learning for me is that I'm I'm mentoring people you can call me on the phone You can ask me a question. You can email me. Okay. This is something that a lot of places don't offer You can talk to me. I will answer your questions. You have a question about a gap or a train You know, you can pick up a phone and I'll help mentor you I'm very good at pinpointing things that people are doing right or people are doing wrong And I because I know I've been through the process myself personally So in the end time is important if you have someone you can go to like me to teach you something And learn it and help mentor you it matters. It's extremely important. Okay, and a lot of people say well you know what about Teaching you know and the thing is that Everyone should be grateful that there's people like me that are willing to teach what they know how to do Do you have any idea if you didn't have people that were willing to teach people how to trade right? What you'd have to do to ever make it You'd never make it I Suffered and had a hard time trading my own money to figure the stuff out. Okay And I relied on myself most people could not do that could not go through the process to develop a system on their own With their own life money because that's how you do it So if there weren't people like me that were willing to teach you Or other people the people of my students how to trade something accurately and well Everyone would be able to have to fend for themselves And there would be even less people that are successful in the market than there are now Even less and there's not that many people are successful now So it's an opportunity to learn from me because I'm not going to be teaching people forever I'm young and single and I'm doing it now and it's fun and I train live But I'm not going to do it forever And you know people should be grateful that I'm willing to teach what I know because you know if there weren't people like me At they're teaching this stuff You'd have to do it yourself and many people wouldn't do it And many people would never figure it out in fact I don't know one person that I even know that is a trader like me that Could have gone through what I did to figure this stuff out But that's why the stuff I figured out is so good because I pushed myself and pushed myself and pushed myself to a level of perfection To figure this out 26 things is a lot of things to figure out to pinpoint stuff But that's why I get it right so many days of the 200 trading days in the year I mean My ability to be able to pinpoint what something's going to do and read that in the open is just second to none second to none Okay So your time is important and when you come to me and if you decide to come to me to pay to take the class It's because your time is valuable and you don't want to waste time spending years figuring out like I did And you also probably won't be able to do it because it's a tough road It's a long road and you got to be a strong personality that you have to have a lot of money to do it You have to have your own money to do it. You have to be able to bankroll yourself And time is valuable you want to get to the point where you say you know what I want to enjoy my life I want to enjoy my retirement. I want to think about my retirement I want to be able to retire before I'm you know 70 so many people now are working working working They have no savings. You could trade in the morning. It's still work. You can work. You're a good job I'm just retire early and you have a lot of different options Financial freedom is also very valuable for you to go on vacations do other things with your life spend money doing other stuff Training is a career choice. It's one you must take seriously It's a time commitment for you as far as the learning process and the money it costs to take a class And you got to take it seriously You're not going to take it seriously. I mean why do it I can tell right away when I talk to people if they're serious or not and you know It's so fabulous when I meet people that are serious because I'm like these people are going to get it This person's going to get it I I know that when I talk to some like this person's going to make it because we're serious about doing it They want to do it Self empowerment is valuable And this is where again going back to the way with the future was talk about this at the beginning of the lecture today You have got to empower yourself because you never know where you're going to be tomorrow It's a changing world that we live in all you have to do is turn the news watch it for five minutes 10 minutes and you're like what? I mean look at the world that we live in today You have got to empower yourself to take charge of your own life and trading the market is one of these things So study and learn how to comprehend price. It is extremely important What are the underlying principles behind why you're taking a trade if you're trading now you got to know the reason What is the framework for buying something the framework for selling something the framework for shorting something Having a checklist is like your own set of principles It's a blueprint to follow the stock correctly and you've got to learn how to trade it and also stop second guessing yourself If you have a system that says 20 points or more you're going to watch to trade it on the day Then you just do it you stop the guessing it takes out the guesswork for yourself So my class teaches a 26 point rating system to find the best stock to trade each day It teaches you what direction to take it. It teaches you chart analysis and technical analysis on an advanced level It's taking away the guessing work from you You find the gaps in the morning you rate them you watch the ones that rate 20 points or more Here's another example here. This was one. This is a while ago back at april pran Many people in short thought pran was along pran was not along the day The gap was a short continue the next day gap down again as a short and look at what this stock is at today It's a two dollars and 19 cents Never went anywhere to fill the gap or do anything right pran was a good rate of gap pran was a Good bearish gap that is held for Four months five months even with the gap down like that. Look at that Okay, you got to learn how to reprace correctly How do you do this you learn the system you start making money that gives you the confidence You get the conviction and you proceed now. We're talking here about making six figures a year How much do you have to risk? About 250 dollars I'd say per trade so this is called a risk unit If you get really good if you risk 200 dollars, but you'd be having to hold a lot of trades to target for that 250 is a good amount if you get two hours, it's 500 bucks if you get three hours at 750 If you get a stock that moves a dollar And you risk 250 bucks and you have enough shares to get a buck out of it You could make a thousand fifteen hundred two thousand dollars in a trade Okay, like some of the trades I showed you here today So just to break it down. Okay saying you were wanting to take 150 this is intermediate Now you're getting up to advanced And this is even more advanced up here if you be risking this amount So you're getting to the point where you could make 2,500 dollars a week. Okay. That's 130 grand a year That's 500 dollars a day Okay, so that's two hours for the 250 risk, which is realistic Some will be more than two hours some will be three some will be four some will be 10 Once in a while you're going to take a loss. Okay, and then this covers it because of the ones that win But this is how you get to the amount of money to be able to make 39 000 a year extra income working part-time is good This is if you're only risking 150 and to be able to make 130 working part-time hours is great You're only trading into the open that is a great living to make 130 000 a year Getting up at 8 30 in the morning prepping from 8 30 to 9 30 trading from 9 30 to 10 10 15 for less than two hours of Work every day. That is a great life. That's that's that's a great life. Okay And so I'll ask for all your questions at the end here because I want to get through all this everybody I see them So I've been reading this market. I'm the real deal. I trained It's a strategy you can use for longer term trades. This is the bbb y beautiful gap of bbb y happen back here in January because short, this is 73 inch stock came all the way down to 55 took six months beautiful swing trade though So why take the golden gap course to learn a strategy can be used to make money in the market that offers momentum You're trading gaps. You're going to learn technical analysis You're going to learn how to trade on multiple time frames. You're going to learn how to reprice patterns Okay, you're going to learn how to find the targets and not only that it's a career that you can do from home One important key factor in becoming a successful trader is keeping in mind the bigger picture while living in the Now someone said he loves to come to my things. It was dave. I love dates here tonight He loves to come to my stuff and he said I just don't have the time and I love the time I love the time to take the class you got to make the time you make the time You know, it'll come together for you You've got to live in the now with your daily decisions But keep the bigger picture in mind and where you want to go and who you want to become and what your Goals are because if you are stuck in the now You'll never see the future come together if you're always waiting for the perfect time You've got to keep the bigger picture in mind If you have regular everyday things that they consume your thoughts, you're never going to reach the bigger picture goal Training is a career choice and a lifestyle choice in the bigger picture Many people struggle to remember the bigger picture goals and dreams during their day to day activities And if you keep waiting until you have time or the perfect moment, guess what it never comes It never comes. It's 2015. You didn't have time. It's 2016 you didn't have time. It's five years later. You didn't have time. Okay. It never comes You got to look at where you see yourself in a year and a five years from now time flies In less than six months. It's going to be the holidays Every moment you're living your breathing time is going You have to decide if you want to commit yourself to learning something for your future and many people have jobs They're like, well, I'm having my job today, but again self empowerment What if something would happen in two months three months six months a year if you learn how to train You know how to do it So it's about taking the class learning how to train in the golden gap course You can be in a demo if you're brand new you could be in a demo for a month If you're not brand new you could be in a demo for a couple days or a week You start a training account with a beginner risk move to intermediate then advanced Then you have a plan of action to achieve your desired monetary monthly goal On a quarterly basis for the first year and then annually after that And if you want to trade for career, then you need a plan of action how to do it Okay So the class teaches the strategy the entries the exits how to trade the open and how to get conviction in The market as a place to make money A full two-day course on how to strategically find picket play socks to professional gaps is the golden gap class Retakes are free. The class is online It's this coming week on august 9th and 10th from 9 a.m. To 5 p.m. Eastern time I'm doing a special bonus third day for this class Same price 29 99 on august 11th and the monday. We're going to trade in the morning live from 8 3 11 And then from 12 to 3 we're going to do golden gap review session We're going to go back and redo ratings. So that happened in the last month That's going to be very educational for people right after doing the class If you're interested you can email me at melissa at thestockswitch.com I also teach another class called the trends course. It's a course on how to retrends and stock charts This is september 23rd and 24th from 12 to 4 price of this class separate is 9 99 However, i'm offering a special for this month if you want to do two classes you will save 499 dollars so both together at the combo price for a august is 34 99 So you do the gap class this week in an august 9 10 11 And then you do the class september 23rd and 24th for the trends class That helps you read longer term trends, which actually helps become a better day trader and a good for swing and overnight trading Also, i'm doing a special for those of you that are on my email less everyone that's here I'm going to run some contests next week. It's shark week. I love shark week So i'm going to do some contests. I'll be watching the emails read all your emails next week. I'm going to be celebrating shark week Thank you everyone. Okay. Let me see some questions here. We have two minutes Uh, let me just say here You can if you want to Day trade actively and if you want to have a retail brokerage account and day trade actively Which means you can be in and out as many times as you want Monday through Friday as many days as you want in a month The minimum requirement for a retail brokerage account is 25 000 If you want to trade at a proprietary day trading firm, you have to contact one. There's Hundreds out there Talk to them and find out their specific requirements. I am not a brokerage firm I'm not a prop firm prop firms will allow you to train their leverage Which they give you more leverage than a retail account And you can put up less money. Some you can only put up $2,500 and they'll give you leverage to trade They uh determine how much you're allowed to risk per day They monitor you but that's good discipline for people and you don't have to have the 25 000 You have to contact proprietary day trading firms on your own and ask them specific questions Uh What are your average win loss percentage and win loss ratio? You know as far as day trading I have a very high percentage of picks that I get. I say 70 percent over 70 percent In the longer term it's higher. I'm not actually doing it overnight, so I mean there are many times where I will rate a gap and if for some reason the gap doesn't work right on the day It ends up working the next day so that if I had done a swing trade or core trade in it I would have gotten the false room would have never taken a loss in it But I'm not taking it really nice So it's like over 90 percent for longer term because I'm reading the directional bias Of the professionals that are in these stocks that are taking big professional entries or exits depending if they're longs or shorts Okay, so I am looking at reading that bias. It's made by institutions. So it has a high Uh directional bias follow through of working not just on the day, but for the longer term Let me see if I got all the other questions Okay, if you have any more questions, it looks like it's 5 30 here email me Melissa at the stockswish.com If you'd like more information, there's my email feel free to email if you have other questions because we're done with the time here You're welcome, right And I'd be happy to answer any questions. You can give me a call or email me not a problem Very interesting way to trade think about the things I said tonight Uh and and most importantly really consider what I was saying about Empowering yourself to make some changes in your life You wait for the perfect moment to learn to trade or make any career change or do anything, you know, it never comes And and you've got to get to that point with yourself And I'm speaking 100 from experience because of the time that I realized that I need to make a career change I was doing mortgages. I'll say this one quick thing. I'll let everybody go. I was doing mortgages and You know, I I I was not happy doing it And I didn't push myself to find another career And you know what then the bank bailout happened that all the crap hit the fan And all these mortgage companies were going under and then I was forced to find a different career and had to do it If I had learned something to do way before that when I was unhappy with my mortgage job If I had chosen to do it then I would have been in a much better position I already would have been trading would have been trading for 10 years Okay, so I'm speaking from experience when I say these things to people. Okay a real experience that I have had All right All right. Have a great night everybody. Yes. Yes, Don. It's it's recorded All right, sounds good. Email me and I'll send you the recording. Have a great night everybody. Thank you so much All in trade essential. Thanks