 Hello everyone, this is Melissa Arbaugh and I own a company called the Stock Swoosh and today I thought I would review A-CAM. A-CAM was an amazing short today and it's interesting because in the trade room this morning I discussed A-CAM and I said that there were probably people that were attempting to buy the stock today and what some traders term a climactic that is not a strategy, it is a play. It is something that rarely sets up but what I find that is very often traders misread what is climactic. And so I said people are trying to probably buy the steps but really no one in the world, really no intelligent person would buy the stock today. It's not climactic. Traders are going to try to buy it as a climactic but it's not and no one really is going to buy this today at all. It's a goner. Anyways, the trading room made money shorting this today but the interesting thing is later in the afternoon I found a video, I get so many different emails from so many different places from another trading educational company that did a video and put out there that they did buy the stock today twice in the dip into support. I am not going to disclose the company that is but I am going to use this as a teaching lesson for people that follow me so you can get the benefit of what not to do in reference to gap trading. So I am going to play this and then I am not going to show you who is talking but I am going to play it in the background. Then I am going to look at the chart and I am going to talk about it afterwards and I think a lot of people are going to really learn a lot from this but it's interesting because it's ironic I discussed this in the trading room today. Now just listen here. Alright, good afternoon guys. Let's do a quick recap of the trade this morning. I traded AKM. I was trying to wait for it to get down to this pivot level and I took two stabs at it. Didn't get the bounce we were looking for but that's okay. These things happen as part of trading. We had a good spot technically sound support level just the stock ended up being a little bit too weak and since it pulled this hard out of the open I don't find that to be a good place to actually try to get into a position because it tends to be a chase most of the time so I will tend to wait until we hit a big support level because oftentimes these stocks that get sold off real hard like this into a big support level will see a nice bounce and that's what we were looking for since we had a big support level. Alright, I'm going to stop it right there. This here listen the gap is a strategy so that person that was talking was looking to buy the stock into the sport level. There was a bunch of supports in here. This is a support. This is a support. This is a support. Okay. It didn't hold any of these but but but the person is discussing about buying it into a different support. Critical mistake that a lot of day traders make and a lot of traders make a reference to gaps. Okay. Anyways, let's just get back to it. I'll remember what I was going to say after. So let's talk a little bit about the support that we were looking at. If you look at the daily on this there's a nice pivot level that comes into play right in through here. This is what he's basically a double bottom in through 4680 but if we back way out we've got this trend line here. Let's see. We've got this trend line that's put up right here right and you know it falls it falls right to where we were coming at today right so that's what I was looking at to get. I do not use trend lines to trade. They are of no significance. There's no valid reason to use them. You will not trade any better with them. They will not help you make money. Cleaner charts the better okay and his trend line was showing basically a diagonal that went all the way up to here. That means absolutely nothing. That doesn't show you control. It doesn't show you anything at all. Doesn't show you the long-term trend. Doesn't show you the daily trend. Doesn't show you the short term. Doesn't show you anything. You know most of the indicators that day traders use to trade are absolutely worthless. If I took everything off my charts and only read the ticker tape I'd be able to make money in the market. Very few people in 2017 can say that. He's showing a line where the stock went diagonal up to here. That has absolutely no meaning and will not help you predict how to trade the stock on the live day today. We got a bounce on this thing and you can see we initially got a really nice looking bounce to start on it but it didn't actually continue. I started to try it here around this pivot. Got a little bit of a reaction and then once we rolled over I stopped out for about a 10 cent loss and then as we came into the secondary pivot down here I tried again. We got a decent little move up started to roll back over and since I had added into the move here a little bit I ended up stopping out to just under break even there. So you know unfortunately it just didn't end up giving us the bounce we were looking for but we have the right technical levels and you have to take advantage of these situations when they present themselves. Unfortunately today it just didn't respond in the way that we normally see it. It is so important to have a strategy for your day trade. So I mean I'm just going to stop it right there but the bottom line is that I talked about this in the trading room this morning that people are going to try to buy that support that people look at it as climactic and this was a trading room a large trading room actually a trading room much much larger than mine that was directing people to buy the stock today. What a horrible horrible horrible trade okay if you went long ACAM today. There was no way to make money in this today to the upside. The stock is lower it was lower today it is still continued lower actually the stock opened it did something called a stockswush which is the name of my company. It's a play that I teach and something that I teach in my golden gap class but you know I I get very upset when I see people telling people to do things that are so incorrect. It doesn't even make sense to buy the stock today. One of the things I think that gives me an edge as a trader overall is that I know what people like that room are doing. I know what other day traders are doing and therefore when something pushes back against me even if I'm in the trade or I'm waiting for the setup I'm aware of that or knowing that or I step away from that which was not the case today but are I say this isn't going to work today because I see what traders are doing. I do not follow what other day traders are doing. My golden gap method follows what institutions are doing with the stock. Institutions sold the long positions in this stock today they shorted it they sold it everything else. No one that was controlling the stock today was taking any long trades of the upside okay was a terrible thing to do to go along the stock this day. That gentleman did not even discuss climatics he was just looking to buy and to support but you will not consistently make money trading buying support or shorting resistance. If you do not have a strategy to trade you will not make money and buying support and shorting resistance is not a strategy. The irony is I discussed this in the room today and then I found this video tonight and we will talk about this more in the room today but you know I mean this was a great example today of institutional selling you do not buy support in something that is pushing with institutional money to the downside just like you don't buy short stocks and to resistance that are pushing to the upside. How do you know the difference of the control? Okay how do you know the controls to the downside? How do you know the controls to the upside? How do you know control? You you have to have a method to depict that control to predict it and that's what I have in the 26 points and it sounds complicated but actually that's what helps me be profitable and make money and predict the direction a stock will make so often eight out of ten times. Google is a great example and I'm just going to pull this up very quickly before I say good night for tonight because Google gapped down in the earnings but I did not call a put in this as an option. We did not day trade this it had a small bodied red bar the day after the earnings and the fact is it did gap down then it had a medium bar today I do not know what it does tomorrow although Amazon's higher Facebook's higher the stock would rally finally on Thursday Amazon earnings are Thursday night but I will tell you that you know you cannot short every down gap and you cannot go long every up gap and you can't buy every level of support in anything whether it's gapping or not it could trade as important doesn't mean you're going to buy it you cannot short every resistance level I really have something special here and I know that the people that have already done my class you know are fully aware of that we will go into a long long detailed discussion tomorrow about ACAM particularly after I heard that video but you know one of the reasons that people lose money in the market that are day traders or investors or swing traders is because they they believe videos like that they follow people like that they do not understand what to look for in a chart they do not understand how to read a daily chart period end of story they don't have a strategy they don't follow it they think the idea of buying support makes sense so they look to do it and they're following people like that guy who are directing them to do things that are just not going to work and I'm sure that guy does make money some days but ultimately between January 1st and December 31st that guy using the strategy that he described in the video is losing money more than he's making money because you cannot buy every support level and expect to make money in charts in stocks this was not a climactic today nor is that a strategy anyways it's just a play it's not something that I even teach people to do although I know what it looks like ACAM was lower today it fell and bled all day and if you were an intelligent human being you would never have looked to buy the stock today and you know I think one of the benefits of coming to me is that I teach you something that really really really works and it just makes sense if you want to go along the stock today you looked like an idiot this is the most ridiculous thing I've ever seen to want to go along the stock today there was no one in the world that was going along the stock today and yet that trading room was directing people to do it so I mean you know you really I'm just I'm never surprised why people come to me and they tell me that they're losing money the market because people people do things like this and they listen to that guy and other people too don't don't take any trades that anyone tells you to do unless you know why they're doing them the the trading room that I have is only available to people that have done my class you're not supposed to do trades that I call in the room unless you've done my class and if you did do my class you know how to do the trades yourself I want people to understand why I'm even calling a cam short in the first place I want you to get it and understand the strategy yourself that's why doing the class is a prerequisite okay I'm teaching you how to think in your own head because thinking like that guy is going to get you nowhere and you will lose forever okay you have to understand why a can was assured today you have to grasp that concept if you think like that person in the video that I just played that you're going to buy every support a short every resistance you are doomed to lose every dime that you own for as long as you trade in the market you have to understand that it is possible to make money trading but so many people out there are teaching things that make no sense they make no sense it actually doesn't even make sense okay when you see something that looks like this that is bleeding falling with every breath that's alive every second it ticks on the day why you wouldn't even consider going along with stuff like this is absolutely the most the craziest thing I've ever heard and yet that's exactly what this huge monster trading room way bigger than mine was teaching people and telling people to do today and so people lost twice in this in that room I you know I I feel I feel for people that are losing money in the market I honestly do but you know you're not using your head if you're listening to somebody like that all right so this was a short today this was a short today this is a short for until it continues I mean I wouldn't be surprised if you woke up tomorrow morning this gap down again so I called an option put in this for people in the room and also you could be in this have done the day trade a swing trade it's it's it's you know eight camps lower so I will talk to everyone soon I you know I hope you learn something from this I mean just don't don't go to these trading room trials and just do everything they say and when people come into a trial in my room you should just listen you should just listen and see if I say this is going to happen and it does anything well maybe this girl knows something you're not supposed to trade in trials okay yeah you know you're supposed to just observe and determine for yourself listening to me in the trading room watching my videos listening to webinars if anything I'm saying is making sense I'm telling you if you are looking to buy every support level in a stock you will lose if you're looking to short every resistance level in the stock you will lose overall okay the strategy is the gap not all down gaps can be shorted not all up gaps can be bought you must be able to determine the difference and you have to read where the control is in the stock the control on the live day that's how you make money as a trader good luck everyone if you're interested in the golden gap course it's this weekend July 29th and 30th I definitely will teach you a brand new way to read charts and you will you will get good at reading charts if you can come and do my class and learn from me and be in the room and you'll make money too so we'll see what happens with this and the bigger picture for the option and congratulations to everyone that did this today thanks everybody have a great night