 Did you have sound Renee? Can you hear me? I can hear you and I can see your side so you should feel set. Wonderful. Thanks so much. Thanks for having me today. I hope everyone is having a great Saturday and learning a lot. I can see the little chat messages here. I just saw it to answer anyone's questions. Welcome. My name is Melissa Armel and as Renee said, I own a company called the Stockswush and today I'm specifically going to talk about making money trading shorting. There's only one strategy that I trade and actually I prefer to short. That's not that you can't make money in the market on the long side, but I found that focusing in one strategy and one directional bias really can be very profitable and occasionally I will go long if I can't find a good short. But today we're going to talk about shorts and if you'd like more information you can email me at Melissa at thestockswush.com or follow me at any one of these social media handles. I specifically have a lot of videos on YouTube, a lot of plays of the day and I tape the trading room occasionally and you can listen to that as well. So have you ever thought about just focusing on one directional bias? And in this case here today like I said I'm going to talk about shorting. I talk to a lot of different people and some people like to short, some people are scared to short. I think in general people have a tendency whether they're traders and particularly investors to want to go long. People understand going long very you know very well. The idea of buying something at a lower price and when the stock rises you would make money if the stock rises at a higher price. That seems very simplistic but many people understand that. I could even talk to somebody on the street in New York and explain it and they get it. Shorting is a little bit different. There's nothing really scary about it. It's actually a very simple concept. It's in the reverse where you are almost betting or predicting that a stock price will drop and you take the trade and make money then when the stock price does drop and actually as a trader you can do that and it can be hugely profitable. And one of the reasons is because things tend to sell off in a big big way when they start to drop and things take longer to go higher when they're rallying. What's a good example of that? The market right now is in a space where people are probably dying to short it but it's showing incredible strength and it's not dropping. And when I talk about the market here I'm talking about, I think this goes out to everyone, I'm talking about the QQQs and the spy indexes. So the QQQs and the spy indexes are rallying, rallying, rallying. People want to short it but they can't make money shorting it right now because those two indexes are rallying. It's taking what seems like a long time to rally but we are still going higher. When the market does come in, if it ever does come in, there might be a place to short but not right now. And if that does happen it could happen very quickly and it could be a very profitable trade. So if you're trading right now and you're not making enough money in what you're doing and feeling like gosh you know it's just there's not enough profit, you trade all day, you're sitting at your desk from 9.30 to 4.00, then maybe you need to look into doing something different and that's what I'm here to talk about today. Not just shorts but the strategy I trade. So today we're going to talk about how to make money shorting and also why it is advantageous to traders. So first of all, what is short selling? This is going to be reviewed for some of you but it's good to define it anyways. And I pulled this off of the Investopedia. One investor goes long on an investment. It means that he or she has bought a stock believing its price will rise in the future. Okay, that makes sense. Conversely, when an investor goes short, he or she is anticipating a decrease in share price. And like I said, you can make money doing that if you know where to take the trade before the stock price drops. So when sellers short a stock, they are selling a stock they don't own, more specifically a short sale as a sale of a security that isn't owned by the seller but it is promised to be delivered. That may sound confusing but it's actually a simple concept. So when you short sell a stock, your broker, which is where you have your trade account and where you have your money at, the broker will lend it to you. The stock will come from the brokerage's own inventory from another one of the firm's customers and from another brokerage firm. You got to make sure that you have the stock to short every morning if you want to take a short and something. And I always check it before in the pre-market. The shares are sold and the proceeds are credited to your account. So sooner or later you must close out the short by buying it back the same number of shares called short covering. Okay, so you cover or it's a buy to cover and returning them to your broker. If the price drops, you can buy back a stock at the lower price and make a profit. And the difference of the price of the stock rises, you have to buy it back at the higher price and you lose money. Obviously you are looking to short and make money. So you, like I said, you're looking to take it, for example, if you short a stock at $10, you want it to drop under $10. That's the only way you're going to make money. Because if you short a stock of $10 and it rises to $10.25, you would be down money. You'd be down 25 cents. Now let me look here at some of these questions. Renee, how do I expand this little jiggy here to look at the questions? You have no idea how much money you're trading. You have no idea how much money you start trading. Well, we'll go over that. We'll go over that. We're going to go over how much money you need to trade and we'll go over how much money you can make. Renee, if you could just plop in there, how do I expand that to see the questions without scrolling up? Let me know. So why short? Oh, go ahead. Up in the right of the question pane, there's a little arrow next to the X. If you click that, it'll pop out the questions and then you can make it as big as you want. Undock. Is that it? Oh, yes. Got it. God bless. Thank you. And Brett is asking for a broker. You can email me Brett if you would like me to recommend a broker to you. I really focus on shorts, like I said, so you definitely have to find a broker that has a big shortlist. There's a lot that do. Some are better than others though. I rarely have to request a stock to short, but I might once in a blue moon. You can email me for that at Melissa at thestockswish.com. I don't want to talk about brokers really here today because I'm not a broker, but I will refer you to two or three places if you want to look into them because you really do have to have a good shortlist at the broker. So why short? Stocks move lower when selling action or shorting action comes into the stock. The price is driven down and if you short before the price drops, then you can make money. One of the best reasons to short as a trader is that you can make money very quickly. Now why? Because simple, common sense, if you own a stock and I'm just going to pick one out of the blue, I'm going to say if you own Costco, and the reason I'm saying that is because the stock had earnings about two weeks ago, maybe it was three weeks ago, was on vacation this week. I don't remember the date, but Costco had earnings and it gapped down, okay? So if you owned Costco before the earnings, you were down money or you might have been down or you were not up as much the day after the earnings reported in the stock. So why does this happen quickly? Because you could be in a panic mode if you're long something and now all of a sudden you were up and now all of a sudden you're down. So the selling action comes in quickly because you're panicking yourself and I'm talking about you meaning you, you could be anyone, anyone that's long the stock, okay? So another great reason to short is that these downward moves happen in a big way and they happen fast. So when panic comes into a stock, sometimes it looks like it has no end and you don't want to be in the long side of the selling action, which many traders don't get right about about gaps, which is a strategy I trade and how I determine when things are good short. I'm going to talk about that next. But anyways, you don't buy the stock when it's selling off, you want to short it because you need to be able to make money when it's dropping. And I like to do this because I like to make money fast and when Renee was reading my intro, you know, I'm good at seeing this in the pre-market and doing it into the open between 9.30 and 10. That's the time of the day that I trade. It's, you know, I rarely trade outside of those parameters and that is the time I focus on and I am prepared in the morning before 9.30 what I want to do and I'm predicting that the selling action will come in into that period in the open. Now let's look at here what I mean by panic. So Target had a good short. Okay, this was an option trade I called and you could have also day traded and you could have done it as a swing trade. The stock had earnings closed here the night before gap down. Now we're going to talk about gaps. This is a strategy I trade but just follow me here. So the stock fell. Okay, open, closed here and open here the day of the earnings then it dropped. So do you see how the panic came in? So in the previous day up here before the earnings announced the stock was at around 67 dollars in some sense and then after the earnings the stock moved down open around 57 and started to collapse and fall off a cliff. Now this is a daily chart just so you know down here you see the dates and here you have what happened after the fact. So this was just on Friday. Do you see how the stock is just continuing to sell off? So why short? Sometimes you will get and I'm not saying every time but sometimes you will get almost these dramatic vertical moves almost straight down which is amazing. Rare to the upside okay but can happen but you get these sometimes with the day trades and the and the overnight or the option trades with with shorting okay which is really really nice. So making money consistently means you have to be good at predicting directional bias so you need to know where to short or where to go long. Albert's asking a question how much money do you need to make? I'll answer this I was going to talk about this later Albert but I'll answer you quickly right now because you're asking you needed a minimum of an account size to day trade at a proprietary day trading account of $2,500. I'm not sure if you could go any place for less than that and that's at a prop account not a retail account. If you want to day trade using options then you can call up any broker out there any large broker out there and find out what they require. They may be able to give you an account with $500 to do options okay and you can use my strategy for options or day trading but day trading you need at least $2,500 at a prop place all right and we'll talk about that a little bit more later. So anyways as I was saying many traders are fighting against each other for the money. You have one side going long, you have one side shorting. How do I know? Well let me go back to the target. There were people here that went long target this day. How do I know? The stock came down in the gap and rally. So there were people here that went long target thinking that this was going to rally and fill the gap which it did not do okay and people lost money on this here because the stock has continued to drop. It's dropped dramatically and aggressively more than three dollars since this day. So you have people in opposite directions. The only way you're going to make money as a trader is if you get the direction right at the right time and the timing is for me when the stock is gapping and to take the trade as a day trade between 9.30 and 10. A prop place is a proprietary day trading firm. I don't want to get too off target here talking about you know brokerages. If we have time I will at the end but as I said you can certainly email me and I can go into more detail with that with anyone that wants to know about proprietary day trading accounts or if we have time at the end. Okay so in the end who will win? Who will win out? Who will make the money? He will be successful. This is a bigger picture here clipped of the target okay and I squish these bars together so you can see. You can really see the dramatic effect that the stock has had since the earnings in just the last two weeks okay. This is that that move continuing down into the Friday here into just yesterday of the stock dropping and where is it going to go? If your long target or you think you're going to buy target or your long target in here you're buying into the previous support who is going to win? You are the person that's shorted. Well what do I do? I predict the direction that a stock will go when it gaps. That is what I do. It's actually what I'm extremely good at doing. It is a skill. It's a skill that I practice every day that I practice every day for the last you know going on seven eight years and it is the skill that you would learn if you wanted to come and take my class and trade with me and it is a skill. There are days where I take trains and they don't work and then there are many days where I do make money trading. So there's no way that you can take every possible trade that you ever take and have 100% win ratio but I have a very high percentage win ratio and the reason is because I accurately predict what directional bias a stock will move on the day based on the gap. I find that shorting is very very profitable and it is a fast way to make money to get in and out quickly and that fits my personality because I don't want to sit at a computer all day. Now when I first started to trade back in 2008 and really into 2009 when I developed my own system I did sit and trade all day and what I found was that I very often lost money. The more I traded the more that I lost. It didn't make sense for me to keep trading. The moves that stocks made happen very very quickly to the downside specifically in that first half an hour of the day and every once in a blue moon you can take something to trade it the afternoon but it's really due to the panic of the selling action that creates the moves happening fast so it doesn't always make sense to take a second or third trade in something after 10 o'clock because you're at the whims then and the whimsy or the whimsical of the market or economic news or things that happen or Trump gets on and talks in the afternoon something could happen that moves the market and then moves your stock and it doesn't work right as a later setup trade. So you've got to wash the stock really in that open time period to see if people are going to come in with the selling action and take it when it does rather than wait for a later setup and then like I said many times things stocks will go with what the QQQs or the Spival doing whether whether it's rallying or selling off it will go with the market direction which is often you know challenging to read you know perfectly for six and a half hours a day but the effect of panic into a stock can happen very quickly and Target is a great example of that so how do I know as I was saying where stocks are going to sell off I do it by reading the gap and this was what holds the key to predicting directional bias when you look at a chart you could look at something like Target or Costco or even the overall market you can say well well here's a support you know here you could say well here's a support in Target okay well how do you know that support's going to hold as it turns out it didn't boom didn't hold up here you could say well here's a support this red line back in here and I don't have the whole target actually let me go back to the big one here um this is I know this is really squished but the red line is the 200 premium average you could say well this is support and this is support and this is support and this is a support how do you know what support's going to hold so if you're if your strategy is I buy support and I short resistance you will not consistently make money training a gap okay is a way to consistently predict the direction it is not just looking at the support of resistance because as you see here in these cases here it did not hold and there were people that were long stop okay someone's asking when when I've reached a low do I ever buy back what do you mean a low I don't buy anything that's gapping down I buy bullish gaps the only strategy I trade are gaps I'm buying bullish gaps and I'm shorting bearish gaps okay so let's talk more here about what is a gap here's one that happened recently this is March 10th so what happened the stock closed here gap down what is the gap it's when a stock closes at one price at four o'clock eastern time it opens at a different price the next day at 9 30 and that's what happened closed here open here approximately it was around 1810 or something like that it opened the stock open dropped fell this is the tail the stock selling off and bounced see the volume here in the day again a daily chart so that's what a gap is so I get up in the morning before 9 30 and I predict is zoom Z something to short or is zoom Z something that I don't want to short I'm not buying this either way because if it rates well I have a checklist I use to determine that's my system what to do with this which is either nothing or shorted then I trade it if it rates well and if it doesn't I don't do anything with it at all the kind of gaps that I do are called institutional gaps now what do I mean by an institutional gap an institutional gap is a gap that moves in the direction of the gap like zoom Z down you look to short it if it's gapping down it is called an institutional gap because into institutional money your large professional traders and investors are making and creating the gap how do I know because I see it happening alive at night when gaps happen after four o'clock or in the morning in the pre-market so the stock right here closed at four o'clock at 21 bucks or something and open here in the morning around 1810 so that was an institutional gap that happened in the market in the case of a bullish gap professionals are buying the stock and they're moving it higher therefore the stock was higher on the trading day and as I said I prefer to short but you can look at bullish gaps I put it in here in the case of a bearish gap when stock is gapping down professionals are shorting or selling the stock and therefore the stock moves lower on the trading day so why are gaps significant and we're going to talk more about this in here with the shorting they help you to analyze a large time frame which we're looking at the daily chart to make the trend decision on the direction of bias for the gap where is it going to take it where are they going to take it where the institution is going to take that stock price are they going to sell it are they going to buy it so all large traders of every kind look at large time frames and make decisions particularly institutional traders and that's who you where you want to be on the side of because they're the ones that move stocks they're the ones that move stocks to three dollars on a day or ten dollars on a day from the time of the gap to the open they help you make entry decisions and exit decisions based on small time frames which are going to go over some trades here I trade on a one minute so I'm taking the entry in the one minute and this leads to a high degree of focus and accuracy for someone to be in and out nimbly as a day trader which is what I am so I use a daily chart to make the decision for the stock pick and the directional bias which as I said I prefer to short and then I take the one minute and that's how I take the entries let someone just right here a previous presenter took an opposite position with gaps and said not to trade the first 30 minutes I've been caught with one minute bars moving almost one percent in the first 15 minutes how do you manage your risk during the first 15 minutes that's interesting I didn't listen to the earlier lectures but I will tell you that all I do is gaps for eight years and I really am an expert in this I will say though that many people don't know how to trade this period so if you don't then that person gave you good direction don't do it but if you know how to do it which I do or if you trade with me or do my class or in my room with me you can make a lot of money it is it is a skill I said that earlier it's a skill that many people don't have and I absolutely have it so if you don't know how to do it then you shouldn't because stocks move fast that's exactly what I'm talking about but the beauty is that if you know how to do it you can be in trades for minutes or seconds and make thousands of dollars so and also I'm with the institutions so the reason that I make so much so quickly is because I am I'm I'm forecasting I'm forecasting what the institutions are going to do let's just say I I ran a fund okay here let me go back to let me go back to target because it's just such a great example here if I'm if I'm running a fund okay and I decide that I want to sell our position long and target okay I decided I want to do it I forget if the earnings and target came out at night in the morning I don't remember um anyways say they came out at night and I decide we're selling we're selling our position in target or we're going to sell 20 percent of our position in the target for whatever reason okay I sell and create the gap some of it okay not just me there's other people other funds whatever so I sell some of our position it creates the stocks pulling it down okay get up in the morning it's not being lifting stock is holding this area I said dump it dump the rest of this thing it's crap okay or maybe I wait until the next day see how it reacts on the day of earnings and then decide the following day which as you can see is what happened in here we're dumping the rest of the sucker and we dump it and the stock sells off so what I do is predict the target will sell off and as a day trader I take advantage of that forecasting but taking the trade very quickly in the morning or as a longer term trade but it is a very specific thing that many traders don't know how to do and so whoever told you not to trade that time was good advice if you don't know what to do but that's why you would come and learn from me you would learn from me what to do so that you can take advantage of that of that move because as a trader you gotta get stuff to move to make money otherwise you have to take an extreme amount of risk dollars and cents or share size wise or have a huge account to take some massive position to scalp something for five ten fifteen cents and that's not how I trade I'm usually in a stock and I do take a good amount of risk about a thousand dollars or a little bit more on my day trades and I'll take two three four five thousand shares of something but you know I'm looking for 50 cents or 40 cents or a dollar or more if I wanted to make a thousand bucks every day if I didn't get a move like that and I was a scalper which I'm not then I would have to take ten thousand shares of something to get a ten cents move to make a thousand dollars and to me that's an awful lot of risk I'd rather do what I do which I'm very good at doing and and let's get back to what I was talking about so okay where was I here okay so gaps are created with large institutional money that's what makes the gaps so these professional institutional gaps that are made by institutional investors happen and play out in stocks and they're formed by large institutional money millions of shares huge huge amounts of share size and quantity of money that are buying stocks and I play stocks that have volume like target high flyers microsoft okay Costco therefore you need a way that will help you pick the stock direction to play the gap and that's what I that's what I've created and that's why for me and the people that come to me and learn from me it is not risky to trade in that period of time it is very specific and it has a high level of degree of accuracy but you absolutely have to know how to do it so I'm confirming that the money is going to go with it in the pre-market before the market even opens so I have a formula to rate and qualify the gap in the pre-market or you can do it at night and it gives me the confirmation and conviction that the large institutional money is on my side and therefore I'm going to short it or play it so gaps are an event it's an event that happens in a daily chart of a stock and it creates a sense of urgency and in the case of shorts it creates the panic and sometimes in the upside actually creates a sense of urgency too which is why you kind of seen that happening right now in the QQQs in the spine in the overall market okay that it's almost like there's a sense of urgency coming in that people aren't long and they're going to missing the rally and in fact I heard the presenter on earlier who's talking about he he missed the rally and I forget what the stock was but yes many people have missed the rally because they didn't go long and the market was already higher but guess what it kept going and it's still going to keep going so waiting for pullbacks you you are very often miss the move so when I go long I don't wait for pullbacks either I'm going long a bullish gap the rates well in my system so anyways gap trading is incredibly powerful it's it's a powerful powerful way to trade and it is a skill that you would you would learn from someone that's good at doing it like me and it is very profitable because you're trading with institutional money and that is what moves stocks now someone mentioned about different kinds of gaps is there more than one kind of gap to trade my professional opinion as a trader and an educator now for you know five years is no not with a high degree of predictability so my answer is no that there's only one kind of gap to predict and that's gaps that are moved by institutions because if you cannot accurately predict something there's no way for you to trade it and there's no way for you to make money so what I do is predictable that's a difference whether something fills a gap or does this kind of thing or that kind of thing there's different names for different gaps to me there is only one kind because it to me there's only one kind that you can accurately predict consistently to make money okay so you need high probability anything that can put the odds in your favorite a trade will give you an edge and so I created my own system I'm going to look at some trades here in a minute my system gives anyone that comes and takes my class and learns from you an edge because it is predicting what the stock is going to do with the rating system before it even happens it reads the price of the gap and using technical analysis at an advanced level pinpoints would stock to trade that day and in what direction and I usually do one trade a day that's all that I do I might rate five different gaps in the morning but I'm usually only doing one stock or one simple per day they can be used for long-term trades I'm not going to review options here and I'm not going to review swing trades but you can use them for long-term trades I've made me think of pay here I clipped this chart again it's going back here for a couple of years pay was a was a day trade that I did back in 2012 to this day in 2013 five years ago the stock has held the day of the gap of the short of the gap that I did this gap on this day here it is it's very squished all the way back and I remember this because I just did the class last month pay had a gap down here that happened in 2012 take it across take it across take it across the stock has never gone over the high that gap down that day the chart is broken and it had another gap here in the earnings it just happened two weeks ago and this shows you the power of institutional gaps and this is the strategy I trade you could have done any one of the number of things with this I did the day trades in here all along but you could have done this for a long-term swing trade or an option trader investment the stock has held for five years based on the power of that gap the chart broke on that day it was immediately in a downtrend and it has never looked back and even in this rally here the chart had not recovered it has never gone over the high of the day that gap that doesn't mean necessarily when somebody does that it's that it's in a downtrend but in this case here it is and it's a good example of something and I'm not saying I'm not selling targets headed to look like this but I'm saying it could okay but and I'm definitely watching it so the key for one individual like you or me or anyone is really to produce income over and over and so you have to have something that you can do consistently to replicate and that gets back to what I'm saying the the types of gaps you chunk it out if you want to make money as a trader and and I didn't I I roughed out there's about 36 more weeks left in the year it might be 37 we're here at the end of March but if you made 500 bucks a day trading and this is not a crazy amount of money you could make 90 grand between now and the rest of the year so you chunk it out it's not beyond the realm of possibility to make money trading it's just that many people are not focused enough so not only do I focus on the one strategy which is gaps I focus on the short side and I just have a goal and then you're and then you go and you chunk it out and you go in and you take what you can out of the market every day that you can by following your system and that's how you do it okay you chunk it out chunk it out chunk it out chunk it out I took off vacation actually this past week I did not trade at all I took about took a holiday and but I have tracked here all of the trades before last week for the last seven weeks of this year I started tracking them like I think it was January 23rd for this year all the winners all the losers all the gaps and the days where there were no gaps to my system to trade and my win ratio for 2017 has been 81% so I've had 37 trades 30 winners and seven losers and that is how you make money trading you chunk it out and I'm only doing it in the morning if I was someone that treated all day I'd be exhausted by four o'clock and I probably would not make as much money you your idea of trading is just going in and finding the thing and doing it and getting out and getting out as quick as you can and that's why shorting really really is a good way to make money as a day trader because the moves happened fast and the days when the stocks don't work when they lose like urban was a loser okay the not this past week but the last week then then you're out quick I use hard stops when I trade it's a limit order stop but it takes me out so the pain is over quick and then you stop okay you don't keep going after going after and going after and going after it so how do I figure this out with a checklist that's my system and that's how I do it and it determines a high probability directional bias big move on the day again getting in between 930 and 10 which you do have to know how to do and I'm looking at very very precise entries it's looking at the bigger time frame to pick the direction and I'm looking at the one minute for the entry now let's look at some of these trades here let me just see if I missed any questions and we're going to look at the day trade for zoomzine what time do I pace the trade what do you mean pace it what do you what do you mean pace it take it well we're going to go over that here in the zoomzine how much is my class Derek or how much do you need to start trading I asked to answer the question how much do you start day trading you must have a minimum of $2,500 to open up a proprietary day trading account and that place will give you 10 to 1 leverage place place place where do I put the stop loss we're going to go over it here we're going to look at the zoomzine this is the day trade close to your gap down in the morning I determined this was a good short now here's the one minute again boom morning stop close to your gap down open rally one minute here's the volume boom short it you're in drop boom you're out that's it do you see here if you waited someone was saying about taking after 10 o'clock there was there was nothing in here that made any sense at all to predict to take so this you can predict which I do and I take it and I'm in and then I'm out so the price of the entry was 1799 stop over 1850 it's about 50 cents wherever you get filled hit okay when it breaks on 2000 shares is a thousand dollar risk which is an advanced risk if you can't afford to risk this then you risk less take 500 shares okay either way if you took 500 shares what's your risk 250 dollars okay exit it went past this but this is the first drop in the first move that's high time myself it's about 50 cents boom you're out first target 1750 total profit 900 bucks you could have made in five minutes so this is how you do it you're in and you're out you're in and you're out you take it in you're in and you're out so I'm predicting that zoomzine is going to sell off into the open and it does boom take it hit it stop drop this is the panic this is the short selling this is a price moving lower okay here's the volume this is a skill it's a skill that many people don't have and I'm very good at it and that's that's why you'd come and you'd you'd learn from me if you want to do this the benefit is that you would be done trading very quickly and you wouldn't have to trade all day and and like I said I found that what happens when I used to trade all day my eyes and your brain everything gets tired and now we live in a world where we can't escape our phones and you get texts and you get phone calls and you get distracted and when you're risking money you should never allow yourself to get distracted and you should be serious about what you're doing and and you know based on the way that I trade and the amount of money that I'm risking I have to focus on what I'm doing I don't I don't allow myself be distracted by anything else in the period of time I'm trading I only say I can be perfect for 30 minutes a day and that's my goal every morning but it is hard to be perfect for six and a half hours the chances of that for anyone is next to none but you can be perfect like a like a sniper going in finding the pick taking the trade looking for the panic so here's the panic boom boom and it's the tail so I'm actually shorting the tail and getting out before the bounce now why would you want to do this because the stock isn't getting bought do you see what the stock did after this see it so what I did is predictable anything else isn't okay and that's why you don't that it's why you don't wait till after 10 at least not for for gap trading because there's nothing else after that's predictable unless you have the market with you and a power trend all day in the stock with you in the same direction in a power trend all day and you'd have to get the market directional bias correct too so how did I determine zoomz was the correct gap to short I found it on a on a pick list in a in a watch list in a scanner and you can you can do this too you can buy scanners you can find earnings lists online you can look in your top 20 lists of losers on the nasdaq and the new york exchange every platform should have this list for free you can look for bullish ones and bearish ones in here so I'm focusing on the losses the losers here the list this gives you 40 picks and they're all stocks that are gapping here is the actual gap itself in zoomz happening boom here it was at night dropped here's the morning here's the open so here's the gap happening at night and then I would rate the gap with my system there at night and that's how I do it now here's another one here TLRD stock closed to your gap down boom look at this again I'm predicting the directional bias of that that the institutions are going to take the stock on the day and in the long term for you to trade it look how the stock fell from the 9th 10th 11th and 12th or no the 10th the 13th sorry in the 14th look how it fell for these four days in here it's still lower by the way okay so here was a trade in here again the one minute and I am taking it between 9 30 and 10 closes here gaps down boom opens rally shorted take it boom stop drop get the drop this one kept going okay it depends how long you want to hold it price of the short 16 80 stop over 17 20 again a nice thing about trading aggressively in the morning is what you do have small stops you have small stops 20 cents 30 cents 40 cents 50 cents are not big stops the longer you trade the later in the day you got to take trades in the five-minute chart in the 15-minute chart you can't trade in the one-minute chart after 10 a.m it's not going to hold no stop that you take would hold and it is good to use stops because your risk is assessed if I lose in a trade I'm not going to lose any more than I mean you know except for some slippage what I have risked which in this here case here if I had 3 000 shares would have been 1200 bucks again stock kept going broke 16 first target 16 25 profit $1,650 and this is in 15 minutes and this is the benefit of shorting and this is the benefit of knowing what stock to pick and I'm only doing one a day I'm only doing one a day so the time it takes to make money shorting is attractive it's very very attractive because it happens so fast what kind of risk to warning looking for one to one two to one three to one it depends how long you want to hold the stock you can take the trade early and hold it till 10 sometimes you get a bigger move you can take the trade and get out quick and make one to one and again options trades is simply else that I do on the side I'm not going to go into detail about that today but you can make money with options trades as well playing gaps and very often what I'm looking for is 100% return or whatever I'm risking so if I'm risking too grand I'm looking to make two grand that's how I look at myself when I'm doing the option trades but it's it's the precise entries combined with the gap momentum that tells me to take the trade in a certain in a certain direction and at that specific time frame so here someone's asking how much money can you make again if you want to make $500 a day it's totally doable and that amounts to be more than six figures a year I don't think this is a crazy goal for people and you don't need some absurd kind of amount of money to do it because most of the stocks I'm trading are between a $5 price point and about 60 65 now every once in a while we'll do something around $100 a little bit more but not not every day and not every week okay even if your goal was something like making 150 bucks a day that's still almost 40 grand a year and that's a great part-time job if you're only doing it for a few minutes in the morning you can go on and do another job you can trade at your desk in the morning and then do something else you can start trading trade in the morning for half an hour work yourself into it make $150 a day till you get good at it then increase your risk grow your account until you get to the point that you can be risking more money and making $2,500 a week that's how you chunk it out that's how you build yourself up I was giving advice to someone the other day who has an account with like five grand I said get your account up to 10 grand get should get your $5,000 account up to 10 grand don't take any money out until you do chunk it up there okay every trade you take your profitable get out chunk it up get that $5,000 account up to 10,000 and then you can start risking more okay and and that's where people have to start out everybody wants to start you know risking a thousand dollars you can't do that if you have a $2,500 account you've got to work your account up and and I find that many of the beginner traders that start out with me and their you know their their goal is a hundred bucks a day or $200 a day tend to tend to tend to end up doing very well because they exceed their own expectations find that they're not pressuring themselves at all and they ended up doing very well sometimes better than the people that are trying to make a thousand bucks a day so go easy on yourself whatever your goals are again it's it's different for everyone how long does it take to learn this my class is in two days you can learn it all in that two days I teach everything I don't hold anything back whether or not you'll pick it all up immediately though it's up to you but you got to listen to what I say if you want it if you want to do well and that's part of the reasons of being in the training with me and someone said how much money you need a minimum of $2,500 a day trade at a proprietary day training account and again you can email me at Melissa the stock swish.com for that information John is saying do I get specific entry points with exact stops for and the library the answer is yes in fact here let me just talk a little bit about my class because we're running out of time so my class teaches a 26 point professional bearish gap reading system it is very specific the purpose of the system is to help you evaluate which gap to trade each morning using a checklist and I review this it's about five minutes in the morning to look at one gap you will learn the checklist in my class and this is the reason for my success and I do give the exact entries and exits it's a complete system to learn how to trade you would learn how to take these one-minute entries between 9 30 and 10 in my course retakes are free if you need to retake it you can retake it as many times as you want to the class is online I usually do it once a month the class is next weekend March 25th and 26th it's a full two-day course on how to strategically find pick-and-play stocks that are professional bearish gaps the class is from nine to five eastern time and the cost of the class is 49.99 if you're interested you can't sign up on the website you have to email me for sign up papers at melissa at the stockswish.com now I am running the st patty's a special I started yesterday for my current marketing list and I'm running it through tomorrow where I'm giving 10 off the class tuition which I never give percentages off the class I'm doing this for these three days started yesterday today and Sunday and I'm also giving the trading room free through July 4th which is a lot of time to be in the trading room live with me and take the trades this expires Sunday March 19th so someone was asking about the exact entries and stops the answer is yes I do give that in is something as well about me that is very unique I was talking to someone two weeks ago before I took the holiday there were in another trading room and they said they think the person's making money that's running the room but they can't follow them and I said I'm looking at the point of what's the point of being in the room then with the person you're in the room with me you're listening to what I'm saying taking the trades when I call them I'm only watching one thing at a time that's what I have up on the screen and you're following me and if you want to see how I call the trains and how I do it you can go to the stockswish on YouTube and you can listen to the room I've taped the room many days in fact I taped the room the days of the zoomz and the other trades from two weeks ago I've been taping the room every day so you can hear me call the trades live where I say to take it in live live time so I'm doing it you're doing it I'm calling it live and that is the benefit of being in the room with me and following me you must take my class though to join my trading room if you want a trial though you can do a one-week trial you can email me for that you could do a trial for this coming week if you want to you will not get the special because it expires tomorrow but if you want a week in the room to trial you can certainly have it I'd say follow along or track the trades if you know how to trade you can you can deal with me but they do set up fast and I suggest people you know learn first before doing it is something that you can do it is not without the realm of possibility to do it I do make it very easy for people to to follow me because I'm only doing one thing and I call the trades I have a friend of that is an older gentleman um he's been trading for about 25 years or so and I just talked to him the phone yesterday and he likes to be in my room he's my friend and and he's in a bunch of trading rooms and I said I don't know I'm why do you want to be in the room with me anymore you know you know what to do and he said because I make it easy for him he said you you call in call the numbers Melissa and I just take it you just make it easy for me so he already knows he might know that he likes the same stock pick as me and then it gives him more conviction if I say I like zoomz and he already liked it so then he gives him more conviction to do it too but if I'm saying you know 99 by 25 or whatever it makes it easy for him to pull the button and press it press it and and that is the skill that I have and I and I teach people that but I think the room really is the basis for the support system for people that come and want to learn how to day trade that they follow me the support system and and trading in that time of the day does happen fast and so having a support system helps you but you know it's much more beneficial to make money in a few minutes five minutes 10 minutes 15 minutes and to sit and wait for trade to set up for an hour that would annoy the crap out of me and I just don't trade like that and I won't do it and I've tracked all these gaps I've tracked all these gaps back for the last however many years I've been trading 80 percent of the moves of these gaps happen in the first 30 minutes of the day so if you're waiting till after tend to take them you're getting smaller moves with larger stops and then you got to wait for the setups and then you got to have the market with you you're really going to have the market with you and let me tell you something you know there's been a lot of stocks selling off I mean you go back and look at that that list if you if you go back and look at the list of things that I had for the last seven weeks of the the trades that I've tracked I mean we have had some really good stocks selling off some good short moves considering how bullish the market's been this year could keep them making climbing higher and making new highs but you got to have the right thing to do you still have to have the right pick and it doesn't matter if you're long or short you still have to have the right pick okay so if you want the one make trial you can email me here at info at the stockswish.com does anyone have any questions for me at all but anything oh here's a little testimonial I put at the end anyone have any questions for me really quick I got a wrap up here any questions feel free to email me if you do have questions I know some of you any questions about the brokers are you going to email me there it was good to be with with everyone here on a Saturday it's it's um it's snowing I think here again in New York a few snowflakes out but it was good to be with you all today and if you have any questions feel free to give me a call or email me thanks everyone for having me all right and thank you Melissa appreciate you coming out today and taking time out of your weekend for us