 Good afternoon everyone and welcome to the Stockswish Show Play of the Day, Play of the Day. This is MTW. It's been a really good week. It's been a good earnings season and it's not even anywhere near over. The rest of the month is earnings season, all of August is earnings season. I don't know why people don't like to trade in the summer. I love to trade in the summer. Summer is a great time to trade if you trade the strategy that I trade, which is gaps. So here's the MTW. It's really good and I liked it at 100% conviction at this morning. There were a lot, and when I say a lot, I mean a lot, there were a lot of down gaps today to look at. I mean, I could have literally probably rated 50 things and I wasn't going to do that. So you know, I can tell though because I have a really good eye for what I like and what I know is the top watch and in fact I was talking about this in the room this morning to the people that were there. To learn in the golden gap class how to find the gaps and rate the gaps. The benefit of being in the live trading room though above and beyond after you take the class is that you get me to do the top picks, which I do when I review the stocks and look at the ratings because I have a very good trained eye. It's a trained eye and it's something that you can get if you're with me for a while in the room plus learning the information in the class. You train your eye. The idea is to train your eye to be like mine to see these things when they work. So I mean, when people say, well, what can you do for me? What can you teach me here in the market? Well, I'm teaching people how to trade gaps, how to find the right direction to play the gaps, how to find the right stock to trade on the day, how to know what direction it's going to go into and also how to take the entries in the setups. And then I'm teaching people how to reprice action like for example in the stock today. And at one point today, the stock actually rallied back almost went over the high and I still had the position and I think a lot of people thought it was done that was in the room, but I knew that it wasn't done. I knew that it wasn't done and this is not even done right now, which is crazy. All right, let's go over it. Wow, look at this thing. It's going to make a new low right now. Wow. This is going to make another new low. This could actually get a $25, $50, $25 today. It's early. It's 12 o'clock noon. This is making a new low right now as we're talking right at the second. This could actually go all the way down to $25 today. That's realistic. It's not even a dream target. Look at this. All right, let's go over it. So again, I like to trade the morning here. So I took an entrance immediately in this, immediately in this and I really gave this a cushion and the reason I gave it the cushion was because of the fact that it did have a moving spread in the morning just to make sure that I didn't get popped out. This happens here. Again, are you buying this? No. It's a golden gap. It's a professional bearish gap. It's a gap that raised more than 20 points per my 26-point rating system. I'm not buying this. I am shorting this. I'm looking to short it to get in to get in to get in. And here you could have taken more in this. You could have even taken more in this here. Dropped, broke. I did not get out of any of this here. It rallied back. I didn't do anything with this at all because I was waiting, waiting, waiting, waiting for it to break down again. Now, when it came down in here because of the time of the day, I did give it out of some, but I didn't get out of the whole thing. And I kept the stock for the original stock, stock rallied all the way up and dropped and broke again. And now it's continuing even more. So, you know, what gives me the ability to be able to stay with the trade or hold the trade through any kind of rally or any kind of number or while the market's doing whatever is my conviction in the gap. It's the basis for everything I do. That's the reason I take the trade. That's what enables me to take the risk and to see the trade through and follow it through. If you're looking for a trend on a one-minute chart in this, this one-minute chart actually did not have a clean-down trend here in the morning. It actually flipped into an uptrend at one point after 10 o'clock, where people might have exited their short or bought it, thinking it was going to fill the gap or something, which I've talked about a million times, filling gaps. It's not a strategy. It's not the right way to trade. You know, it's just, this is absolutely nothing. There's no strategic reason for that. The strategic reason for doing this trade today, which by the way is making a brand new loan here now, a brand new loan by 12 o'clock in the stock. The strategic reason for taking this trade is that the stock got sold off, sold off in the gap, and I look at the price of the stock where it's opening. I look at the price of the stock where it's opening. I look at the price of the gap and I determine using the daily chart if this stock is going to drop more on the day, which it has to drop more. So the only way that's going to happen for a stock to drop more from the gap down is if it would have continued selling or shorting. That's the only way something will follow through in a gap down, just like the only way something would fall through on a gap up is if it had continued buying, okay, new buying. Who was in control of this chart? The bearish. This is a short today. The bar is red. This bar will close, but this bar will close with a red body. The red body in this today could be bigger than it is right now, plus another dollar. So honestly, this is a trade you could take any set up in today. The whole day, this might be the load of the day here, but it looks like it's going to break in any second. Time of the day here is good, and I know this bar will close red today. So I had a great conviction in this today, did the right thing, got some money booked in here. Do you see how if you don't know what to do with this, you might buy this? Like, let's pretend this didn't happen here. Get rid of this. First of all, I knew this was a good short, but can you see how what people do here and here? Some people buy this. Triggered on a buy set up here, and some people bought this, thinking it was done, or it was going to fill the gap, or it was going to rally back, or it was a long, a long above and beyond and over the 200-perman moving average. But that's the wrong way to look at the gap. And so people did buy this. People did buy this, and they got stopped out under the load of the day when the stock went down and broke under the load of the day right in there. And nobody should have bought this, though. But this is what confuses traders. And why if you don't have 100% conviction or know how to read the actual daily chart to read what is happening and the price of the gap, you might short something, then buy it, then short it again, then buy it again, and you'd have no idea what to do and no conviction at all. And you have to have conviction to trade and to know what to do. And I just have a really good eye for these things. I mean, I can look at 50 gaps in the morning, 150 gaps in the morning, and take out the best thing to do. And there it is. So that was this today. Beautiful move in this. Beautiful move, and it may not even be done. So, great job, everyone. It's stuck with the MTW today. Beautiful golden gap. It's been a fantastic week. It's been a fantastic week. We're just gonna stay on track here. What a great way to end this month here, July 31st. What a great way to end this month. So today is actually the last day for the special for August for anyone that wants to sign up. It's the last day today. And the golden gap class for August is August 9th and 10th. If you are interested, email me at Melissa at thestockswish.com if you wanna sign up for that class. And just carry on, people. Continue to do your thing, trade. And for those of you that have been watching me, you gotta decide if you wanna make money in the market. I mean, the benefit coming to me in doing the classes I'm gonna teach you actually how to make money trading. There's a lot of things out there that teach you good information in different places in different classes. And I teach good information. However, I also teach people how to make money. And if you're following me and taking the calls and taking the trades that I'm calling then they're making money too. Things have been going great this year. It's been a beautiful year. Fantastic year 2014. Gorgeous fabulous summer. Have a fantastic day, everyone. If you're interested in signing up for the golden gap class, it's August 9th and 10th. Again, there is a bonus day for that class. It's gonna be Saturday, Sunday, and Monday. It's gonna be a special bonus day for that class where I'll be doing golden gap reviews. In fact, we can go over this one. We'll go over this one then. We'll actually review this one on the Monday after the class. That's what we'll do, because this was a goodie. Have a great day, everyone. Email me at Melissa at thestopswitch.com. Thanks, everybody. Have a great day.