 Hello everyone and welcome. We start promptly in just two minutes two minutes start time here at online trader central again Melissa arm was your host and presenter today start time in two minutes Tell over what again and welcome. This is Kevin with online trader central We want to welcome you to today's presentation Melissa arm. What's your host presenter? Let's present her. Let's get it started Hey, and with that ladies and gentlemen, please put your hands together and welcome our host presenter for today. Please welcome Melissa Thank you everyone in online trader central Thanks for having me tonight My name is Melissa Armell and I own a company called the stocks wish LLC And today I'm going to lecture about the strategy that I actually personally trade a lot of people ask me Do you really trade and the answer is yes? I'm a day trader. I trade Monday Tuesday Wednesday Thursday Friday And I have a system that I use and enables me to choose what stock to trade each day Today's lecture is going to be about making up to twenty thousand dollars a month trading thirty minutes a day The beauty of the strategy that I personally trade is that it sets up in the morning I am looking to trade into the open that very early morning period and then I'm done I'm done every day usually between 10 10 15 10 30 I do run a live trading room till 11 o'clock eastern time But it's rare that I'm in something even till 11 o'clock If you have any questions as we go along today, feel free to write them in the script I will see them as we go along live and if you'd like more information you go to my website www.thestalkswish.com or feel free to email me at Melissa at the stockswish.com as well I have a ton of videos on YouTube and you can follow me on Twitter and Facebook as well We're gonna talk really about the time of the year right now. It's June 1st It's it's summer. It's really hard to believe because it's freezing out today in New York City We're getting a big storm, but it is the start of summer and we're halfway through the year when you think about Six months ago back at the beginning of January at the start of the year It's hard to believe again that half the year is over but half the year of 2015 is is almost over And what were your goals for 2015 back in January now? This goes for people that are trading right now actively or Even if you have goals for yourself financially that has nothing to do with the market But you're not meeting your financial goals. Let's just say for the year if you're in your regular job Okay, it's time to re-evaluate and look at that because there's still half the year left so the great news is that You still have half the year left to turn your trading around if you're not achieving your goals this year or to do Something different in your life completely like learn how to trade if you are not trading currently Because it's June and it's time to do it So can you make $20,000 a month trading in just a half an hour a day in this very short period? Yes, and the reason is because the market opens at 9 30 eastern time And what I'm looking at is the momentum that happens between 9 30 and 10 a.m That's really the time today that I focus on and in fact if I don't see a train by 10 a.m. Eastern time I don't even do anything that day I'm so so focused on that first 30 minutes that if I'm not in a trade within that 30 minutes Then I don't do anything at all that day Many day traders. Okay are looking to only take trades from 10 a.m. On that is the opposite of what I do However, if you learn my method is extremely profitable, which is how you can get to this type of income per month Now a lot of people ask me Can I do it? You know, yes, you're doing it, but can I do it? I this is a very nice email that I received from a client who just did the class This was his first month and I just thought I put it here in the webinar because the fact is I just met this gentleman He just did the class last month and he had a great month So it doesn't have anything to do with the fact that you don't have to be me. I've been trading for seven years That's that's true, but you can learn what I do and have results very very quickly It doesn't have to take you forever and he brought me this nice email. I'm just gonna briefly read it He said thank you for the education. I learned during my first month of live trading I went 10 for 12. That means 10 trades he took worked and two failed I took limited risk on those trades just because I was new. I know every month moving forward I will take more risk of my positions I do know for a fact that I will not hold anything past 11 a.m And again, this is what I'm gonna talk about today the very important time of the day He said I'm just not that kind of trader. I don't want to sit around all day and look at a chart So that was from Steven. We're gonna talk about the time of day and we're also gonna talk about the Consistency and Steven talked about this here meaning 10 for 12 I'm gonna go over a whole week of trades of the last full week that I've had Because last week was a holiday week Monday was a moral day and the market was closed The last full week of trading I had was a week prior and I'm gonna go over all the trades today in the webinar in a little bit So you can kind of get an idea of what you can make with the system Now how is it possible to make this kind of money in just 30 minutes? It's possible by trading Golden gaps, that's the strategy that I trade and we're gonna talk about it It's just one strategy. That's it. That's all that I do. I'm not doing Three different trades or four different trades or six different trades Okay, a day to make this kind of money and really you can you can make more it depends on your risk But all the examples I'm gonna go over today are just gonna be strictly focused on being able to make 20 grand a month Because that's what I'm discussing here today. Obviously when you trading you take risk the more you risk the more that you can make now looking here This was back from this week that I'm gonna talk about. This is a daily chart a merbell this Gat okay now. I'm gonna talk about what a gap is But this is the strategy that I'm looking for every day in the market But again, I'm only looking for that first period. I'm just looking for that beginning move So sometimes you get a stock and this was one of them were actually fell past the 10 a.m. Period But what I often find is you really don't get that much more out of it by holding Longer so as far as getting the most bang for your buck. It's better to do it quickly and then get out It's really about the how what and the when so how do you make money in the market? You have to trade a strategy that's profitable and I would say $20,000 a month is profitable, but I bet there's a lot of traders in here that are losing So any amount of money to be up would be profitable But again, you have to have a strategy that's profitable. Otherwise, you won't be profitable as a trader and this is nothing to do with you Professional gaps, which is what I trade are highly profitable strategy because they create large momentum Just like that Marvell and we're gonna talk about these examples in a minute What stocks though should you treat the fact is that many many stocks every day gap? So you you don't know which one to train unless you have a method to find it You can't just trade every single gap and you can't just trade every single gap against the where it's gapping And you can't trade every gap in the direction of the gap So I created a method to actually qualify and rate the gap It's a 26 point rating system, but I'm not looking for a perfect score each day I'm looking for 20 out of 26 Obviously the higher the rating the better quality of the gap Which means what the bigger the move it's gonna make whether it's in the first 30 minutes reading for the whole day When do you train them early in the morning on the open when they set up and trigger again? I'm using my trades between 9 30 and 10 a.m The big big point that I want to make today though is that you can make this kind of money and even more With just one strategy you do not need to be doing a million different things in the market And the fact is the only way to get good is if you have focus many traders black focus I Prefer to short in fact everything I want to talk about today as shorts because I love to short I really only do shorts although every once in a blue moon I will do along for the most part of the 200 trading plus days a year I go short Every once in a blue moon though like I said I will go long if I really am in love with the gap But I prefer to short so now I do only need one strategy You could pick one direction then just stick with it whether long or short and just get really really good at it But the goal is to make a living doing this if you're a day trader now If you are not a day trader and you just want to do this on the side Well, you don't really have to do it money through Friday You could do it whenever you have time during any given month But if you're gonna invest the time to learn how to trade and you're gonna end up being profitable with it Then maybe it is something that you could do for a living certainly making 250 grand a year is a is a living for many people At least in the United States so what I find is valuable about trading my strategy is that it sets up fast and Being able to make money very quickly is exciting if you've never done that. What do I mean by? Quickly, I mean less than 30 minutes Sometimes I'm gonna trade them up like five ten minutes and when I say a lot of money I mean anything that has a comment in it anything where you press the button in the trade and you're up a thousand dollars or more Or two thousand dollars or more or three four thousand dollars more I mean that is a lot of money to make very quickly and it's it's an adrenaline rush And I'm not gonna lie to you It is absolutely a rush and once you start to trade like that and can see that you can make that kind of money That fast you'll fall in love with my strategy and you'll fall over the market I mean even if you're out of love with the market because you've been going through losses or different periods of your life Where you've been losing and trying to make it for years and years and years You will you will fall right back in love with the market once you can make that kind of money that fast It is a rush But it is really about focusing on one strategy with the consistency Consistency meaning to profit where your P and L goes up If your P and L is going down That isn't good. So you want your P and L to be rising. All right over the course of the years that you trade in the weeks and the months that you trade Knowing a strategy that you can replicate can completely change your world You could go from having a losing streak for ten years to all of a sudden making money right after my class I mean people are doing it. All right It has to do with the strategy and it has to do with the knowledge that you gain from the Information that I teach in the class What is the value of information the value of information when you trade is that it gives you conviction to take risk a Lot of people do not really grasp and understand how important it is to have conviction when you trade because without it You won't take the necessary risk that you need to be able to make this kind of money You might be able to go in and risk a hundred bucks or fifty bucks But you'll never be able to risk $500 or $1,000 or $1,500 in a trade if you do not have conviction that it will work You have to have that belief that it will and what gives you that the knowledge understanding it understand why you're doing it Conceptually really knowing it. Okay. There are many many other reasons though that it's great to trade gaps besides the money And again, as I was talking about one of them is the fast profits the adrenaline rush to make that kind of money fast and be right out Also, the good risk to reward setups happen in that 30 first 30 minutes Yes, you can take trains throughout the whole day if you really want to but they usually don't have good risk to reward What I'm looking for is a three minimum now some trades go more than three some trades Don't quite go three in the morning But I get the move or the biggest move that I can make Into the target in the morning in that 30 minutes But the best risk to reward setups happen in the beginning part of the day and the great thing is as well as I'm done early I have the rest of the day myself. I can do a webinar like tonight. I can go to the gym I can go shopping. I can do whatever I want. I live in the eastern time zone as I said I'm in New York and so if you are on the west coast you can go on to another job You can go back to bed It's it's a really convenient to be done early in the a.m. And the other plus about trading my strategy is it is faster Because meaning that you're in and out So you have less risk like if you're going to get something that there's a possibility of you getting hurt in something Like this mouse with the cheese. He could get rammed on the head with this and die But if he's really really quick, he won't he's got his protection on He's got to stop in and he's fast enough. He'll be in and out with no pain whatsoever And this is really how I look at trading as a day trader I think that traders that day trader and are in stuff the longer in at the more your risk more chance You have to lose money or that the trade could fail it back up on you So again, my goal is to do it and do it quickly and get out quickly Now getting back to what I was saying about the knowledge piece of trading Why? Do gaps work in the first place as a strategy that you could even get any momentum or even make? You know money in it's because they're created with large institutional money. Now, what do I mean by institutional money? I mean hedge funds Banks, okay, that's what I consider institutional money in the market. They make gaps Okay, they make gaps all kinds of gaps. They make bullish gaps and bearish gaps as I said I prefer the bearish gaps But you need still a way to pick which of these gaps to play because not really every gap is created with real institutional money Okay The ones that work with momentum are but not everyone is that's why Sometimes gaps don't work and people try to play them and then they wonder they wonder why okay? So gaps are an event and they really create a sense of urgency in the stock Whether buying is coming in or selling or shorting and then an action is being forced by participants of the stock For example people that may own it if the stock gaps down and they're selling out of it But this is why and I'm explaining this here gap trading is powerful Because you're trading on the side of that institutional money and that's going to move the stock And the only thing that can really move the stock is institutional money like the drop I just showed you back here in the Marvell It's gonna go back here one second Was a huge sell-off on this day that was made by institutional money You can see the size of the bar here and down here at the bottom of the volume Okay, this would not have happened by just a few traders though the impossible is had a dollar move in the day Okay And again if you have any questions you can just write them in the room as I'm going along Ultimately it is about control. Okay Control of what control of the price control the price direction It's control the price direction if you're in something long and the price is dropping and The control is to the downside You will not make money going long the stock if the price is dropping and you're long You will not make money. You will lose money Okay, you have to be in the side of who is controlling that stock in the case of you being a day trader If you're day trader like me, you need to be in the side of the control for the day of the stock Okay, now if you are in something for example short and You are short the stock as a day trader and the stock is getting bought with institutional money And the control is to the upside again. You will not make money on the day. You will lose Okay So this is a chart here of racks I just want to show this again I'm going to go over what an example of the gap is the stock closed up here the night before at $53 This is the strategy you're looking at and a gap down here the next day around 45 something So the stock gap down you get up in the morning You will look at this gap and use my system if you want to learn it and rate it to determine If this is a long or a short so that you know what to do because again If the stock is going to rally you need to be long if the price control is up You have to be long to make money. You will not make money if you're short and the control the price direction is higher understand show it is about control and the control has to do with who is controlling the price and What are who controls price in stocks as far as stock movement of this whole chart here? You can go back the last few months It's money because that's the only thing that can be moved price in the first place whether buying or selling comes into it and Again ask me questions if anyone has any questions here for those of you that are new Okay to Gaps if you don't know what a gap is I can better explain it more detail but the idea is to find One strategy which I have done and I did this for myself by the way I did not create this method to ever ever ever teach anyone quite frankly I did it for myself because I wanted to day trade and I wanted to change careers My number one goal was to make at least 200 ran a year because I had been doing mortgages for a long time and that was the kind of money was making I was making more than that and then all of a sudden the mortgage industry changed back in 2007 2008 and I wanted to change career So my number one goal was always to make this kind of money in the market at the beginning when I started out I was losing but I turned it around and I realized very quickly that had to be about one thing And it really got to the point where then I realized very quickly as well that if I traded all day at four o'clock Even if I made money in the morning, I'd give it back in the afternoon So then it was a habitual thing with me where I was constantly making money in the morning And I was constantly losing the afternoon and it became very evident to me that the time of the day to make money As a day trader was the morning except for the only difference is you had to be right and you had to be right early Because if you weren't then you missed it So then that's how I got went through the process of figuring out what I do now But if you really want to trade for a living then you have to find something you can replicate There's there's things you can do but they don't happen on a weekly basis or a monthly basis And then therefore how can you do it for a living? You have to have the consistency so you can replicate it And the money has to be there too. Okay, so how do you find these gaps you rate them now? We have a question here Do you wait until the market open to find and qualify the gaps? No because I wouldn't have time I would not have time to do it. That's what I call trading on the fly So no, I do everything and figure everything out in the morning And you could actually figure everything out too as well at night I don't do that because again when my day is done I like to just take my mind off charts. I mean I'm talking here tonight I'm talking about charts tonight, but to be honest with you when I'm done trading in the morning I I just shut it down I give myself that 24-hour break of my brain to not look at any price action And it keeps me sharp for the morning But I live on the East Coast if you're in the West Coast and you want to look at stuff In the evening you can but gaps happen at the post market close and the pre-market That's when they happen and I'm figuring everything out before 9 30 I Can't do it at 9 30 because I wouldn't have time if I want to get into trade at 9 35 I wouldn't have time to rate the gap and determine what I want to do with it and So there just isn't time you have to do it before the open But that kind of time that you have before the open you could start at 7 a.m. 8 a.m.. 8 30 if there's no rush There's no pressure. That's the other nice thing. I like about what I do I have everything figured out and figured out perfectly before 9 30. I'm very relaxed Even though I'm striking quickly in the trades. I have a hundred percent conviction Exactly what I like and exactly what I want to do by 9 30 and I'm prepared I'm prepared and I'm not rushed about it at all, okay Many traders are waiting till 10 o'clock scanning for half an hour an hour And then then there then it's the pressure of the live moment They have to decide they're doing or not. I I know what I like and what I don't I know way before 9 30 I know exactly what I'm looking for anyone has to do I know if it's a good gap and then if it sets up, I take it and that's it you know Well your brand brand new Someone asked how much time you need to get ready if you're brand brand new you can give yourself more time I suggest if you're new to the system if you are not new I would say you could you know start about 9 o'clock But if you're new you might want to give yourself an hour like 8 30 8 45 Okay, that's private message me. You could just write it in the room. You don't have to private message me Do I trade the E-minis? No, no, I don't but I've had a lot of people ask me about using my strategy to for other Systems and other markets you you could I mean there's people that use my method for options But I personally am just straight out trading the equity like I'm using the leverage and buying power to actually buy or short the Stop and I'm flat every day by 4 o'clock But you could use it for other things as long as there's gaps in it me personally I just do the straight equity trade the only thing you really would have a challenge doing it for Inconsistent basis would be the forex market because there's only one gap This is a 24-hour market only have one time on the weekend when it closes and opens You only have one gap in that market, but otherwise you could try to use the system for anything that as long as they have gaps Okay, but what do I do? I do I trade the US stock market And I trade the equity and I'm using leverage and buying power in order to take the trades and I'm flat by 4 So the way to do it is using the checklist you learn the checklist in the class and you just apply it every day And that's it This is your trading plan if you don't have a training plan in your trading Well, you need one to trade Many people have trading plans, but they don't have a strategy in the trading plan Like a lot of people have trading plans, and I think they're doing everything I think they're so disciplined in the world except for the fact that a trading plan has no strategy It may say I'm taking my trades and waiting to 10 o'clock and skinny I'm looking for longs or shorts with the market and I'm entering on a one-minute chart What's the strategy? Why are you doing it? Why are you going along that stock on the day? Why are you shorting that stock of the day? I mean there has to be an underlying strategy So the 26-point checklist the golden gap is a strategy anything else I do after that is is the entry Okay, a lot of people that even trade now that think they're really good traders and very disciplined that are losing I can't figure out why I'm losing because they do not have a strategy It is a basis for the reason that they're taking the trade and that is what gives me conviction I mean, there's there's times when I have taken a trade that now you're you know You really have to have a set risk every time to take a trade But I'll be honest with you my trading is at such a high level right now where there's some times But I price a bet and take a trade and I have so much conviction in that gap And it is the gap the gap That's telling me to do it that it could set up almost any way on the planet And I would take it with a crazy amount of risk and by crazy amount of risk I mean anything over a thousand dollars because as a day trader to be training on a one-minute chart to take Over a thousand dollars risk on a one-minute chart within seconds to put in a stop Is there's not many people on the planet that are doing that and I do it I do it day after day after day after day and it is because I have such a high level conviction in this rating system This is the reason that I'm able to be successful This is a reason that someone like Stephen and many many people that is trading a mere successful is this it is this Otherwise, you'd never know what to do any day and you'd be you'd be waiting to 10 o'clock You'd be scanning after they open and you'd be looking for stuff to do and you would not have consistently profitable results, okay, and There's lots of different ways to enter trades and we're gonna talk about them today And that is important because that's how you get the risk to reward I'm gonna go over the trades like I said from that week But the underlying basis for taking the trade long or short Has to be within the strategy and if you are trading now and don't have a strategy then you need one Okay, and maybe that's why you found me tonight So it is the 26-point rating system that tells me what to do It's tells what tells me what to do like Mar-Vell It measures the gap by reading them in the daily chart to find stocks to trade that have number one a high Probability of directional bias for the entire day number two a big move on the day. What am I looking for? I'm really looking for a dollar in most things some days. I get 50 cents But the but the entry is 10 cents. So that's still a good quality trade. All right, and these aren't cheaper stocks For example, I'm looking for early confirmation of the bias and the move between 9 30 and 10 because I want to be in and out quickly and Precise entries with follow-through and a good risk to reward target potential because some of these trades can go later in the day I just may not hold them or be in them to the afternoon So what I decided to do because many people want to know results in this and that I don't track my results and put them on the website I don't feel any need to do that to be honest with you quite frankly. I just don't If you want referrals for my class or my course, I could give them to you If you want to come into the live trading room for a trial, I can certainly offer you that for a week and I don't ever see myself even once my website is completely revamped Tracking everything on the site, but I'm gonna give it to you here This was a week of trading in a week of May and it was during earnings season It is still earning season here now, but just to give an example of the money if you were in my room You could have made this week. This was the week before Memorial Day This is the 26 points in trading in action all right on Monday There was JSO. I Like JSO was a short all of these are shorts. I like to short as I said, I rated JSO. It was a good gap I wanted to short it the stock quote tonight before up here around 10 10 ish Okay, get down the next morning to run 970 something. I did a shortened JSO This was kind of whippy in here and it dropped Literally this trade dropped to the target within 10 minutes and then you had to be out It went within 10 minutes sometimes stocks go like I said 30 minutes sometimes they go 10 Sometimes they go five sometimes you're in them two minutes and you're out But I know the numbers and if it hits a target you got to be out in the case of JSO here The move was only 15 cents, but the fact is where you took the entry and put the stop That's what it was and he had to take it But it still was money all right again going back to the level of consistency the consistency is you follow the structure Look for the right pick take the train and when it gets to the target you got to get out. All right now JSO Entry price was 965 you shorted it. The risk is only 10 cents. So this is a nice risk So if you want to make 20 grand a month, you need to be risking approximately $500 per trade Again, I'm usually doing one trade a day. Maybe two All right, just to give me an example. You could risk less And so was it the target of 950 total profit $750 as $750 if you make $750 a day It's a lot better than losing if some of you are losing. All right, and that's almost four grand a week Which is 16 grand a month so $750 a day really isn't anything to sneeze at okay? Not at all risk to reward is 1.5 again looking for three could this have gone to nine yes, but 950 was the first target So you made $750 and you did it like in 10 minutes nice trade. That was Monday May 18th You get up in the morning May 19th. Love this gap. It was urban. This is Tuesday Stop gap down close the night before appeared 40 70 ish gap down the next morning here run 3470 somebody asked What do you do? Do you look do wait on the open? No, I don't have time. I'm an airman here. Boom. I'm in it Stop and I'm figuring out way way before here. Okay, here's four o'clock But I'm figuring out when I get out of bed in the morning here Whatever time I start looking I start early because that's just me That I like this before 930. This is a one-minute chart now. Okay 939 31 932. I'm shorting urban Price of the entry 3480 risk in this is larger now than the previous stock obviously the price points more But this was a good entry in urban Your risk should be close to the same in this case you could take 1,300 shares or risk 585 the stock move more than a dollar again This is what I'm looking for a dollar or more. It actually went farther on the day But I just want to show you here total profit 1560. This is nice Here's your goal for the day almost three. You're almost there more than a thousand dollars Dollar or more dollar 20 and you're out and again very quickly. You see here. You're in this trade boom That's it. You're out and actually went a little bit longer here if you stayed in it down into the 1030 period But you have to be careful here of this timing All right So you're in it. That's it and to be able to do something like this and make over a thousand dollars is great I mean again, this is 1500 bucks and you only risked 585 I mean not only but I mean this isn't a million dollars VCI had asked to answer that question earlier. I do not trade options and gaps. I don't do anything but this I don't need to I I can tell you right now. I never will I never will because I don't need to I'll just keep risking more What I'm doing now over and over and over and over and over and over again So I don't I don't feel any need to do options. I just don't do them You could if you want to some people find it's a cheaper way to do the trade But you don't have as much control. I have control and I Like that like I have control. I have control of the timing that I'm taking the urban here I'm in this urban. I have control or I'm taking it putting to stop my sizing How much you want to take in the live moment and where I'm exactly I'm getting out the timing of my exit? You do not have as much control in options So if that's the only way you can do in as far as cost efficiency for you Go for it. You can learn my method into the options, but I'm telling you right now I have you have more control as a day trader a lot of people think day trading is so challenging But they just don't know what to do But I'm telling you it's the highest highest level of trading you can get to as far as profitability risk to reward maximizing your profit in a short period of time and level of control and least amount of risk of where you're at because of the level of control of the timing Okay You can again you can do whatever you want with this stuff if you learn my system You're not going to talk me into doing it in different than what I'm doing because I'm so good at what I'm doing And I just don't feel I need to do anything else But if you want to do something else use it for futures or options or whatever it's up to you I don't need that higher leverage if you need that You then you got to do it if you need it. I don't need that where I'm at right now here like in my life Okay So what is the initial fund requirement for your strategy? I'm not a broker You have to talk to a broker you need to have an account where you can day trade Okay, I can refer you to some brokers, but I'm not a broker You would learn from me how to trade you have to have an account with an actual broker to take the position Okay There's no minimum or maximum with me you decide your risk What I'm going over today and reviewing is if you want to make $20,000 a month You're gonna need to risk approximately $500 on average in your trades So you have to back out in your mind then for that But if you cannot afford that right now, you can still trade this method and risk less Till until you can afford to risk $500 a trade at least you'd be making money and learning it all the while and saving Okay, a lot of people want to save and save and save and save and save until they have all this money to trade Well, you can keep doing that all you want. What if I'm not teaching the class anymore? What what if what if I'm not doing this at all anymore because you know, I'm not going to be teaching this class forever I mean, you do realize that some of you that have been following me. I'm not sure some of you do realize that You know, I'm very very good at what I do and my life is changing already here in 2015 So it's it's one of these things where this is an opportunity for you to learn something from someone that is extremely good in a Method that is in the market that is very unique. There's a lot of people that teach gaps out there that have no clue What they're doing I'm not saying that things don't work sometimes and other people teach about gaps But it's a level of consistency that's lacking always and so I talk to people and they learn gaps from other places And then what happens is then they then they have a String of losers and then they get scared and then they quit and then they think it's the gaps It's not the gaps at all. It's the method that they're doing a relationship to being able to understand the gap a Great example as a servant because a lot of people would look at this and try to buy it. I'm just short Okay, it right in here, you know right in here and actually here really is where people were trying to buy urban like I could tell I was in this trade. I was in this trader ready Actually, there were two places here right in here and right in here traders were trying to buy urban on this dip here in the day And this is a one-minute chart here. I'm not gonna bring up the daily But right in here traders were trying to buy this long and I am shorted and I'm telling people stay with it Stay with it stay with it stay with it stay with it stay with it I have the conviction. I'm telling the traders in the room stay with the trade Don't kill it stay with the trade. Don't kill it. It went up through my price before it dropped I actually was short this year. I just want you to pay attention this before I go on further I'm short the stock here. All right, the stock drove up through my price. So I'm in the short I was up in it. I didn't I'm not getting out of here with one red bar Stop is in this could have put me out of it. Okay. I'm up through my price. I'm in the stock here I'm short the stock. I'm profitable. I don't get out of it. Why I have conviction It's going the stock goes through my price. I'm negative in the trade negative the trade here And I hold it through And it goes on to draw so this this this This is the kind of thing that sets me apart that I really really know what I'm doing And if you don't know what you're doing you might take this get out kill it flip it go along kill it get stopped out Long short it again here You know, this is this is what what I just described is what a lot of people do you have no idea what they're doing Okay, you need to know why you're doing this and again, it goes back to what the gap the gap Which is nothing here with this stuff here. It's the gap itself It is the gap itself It is the rating of the gap of the 26 point rating of the gap that tells me that I can short this and that I Stay with the short of this. I have a conviction and I stayed with it. Let me just answer some questions here What does a real-time data feed cost that has to do with various brokers as far as the platform Brokers offer platforms. Sometimes they offer free platforms. You don't have to pay for it at all Otherwise if you have a platform the platform fees could be like a hundred bucks a month If you're getting something really fancy dancey it could be three hundred dollars a month But you have choices of platforms at the brokers so you could get try to get a free one if you want You do have to have live data feed though. Yes The initial investment is the cost of my class to learn the system VC Which I'll go over here at the end of the seminar the account with the broker That's what I'm saying. You must speak to each individual broker and say how much money do I need to open an account? Mr. Broker and and they'll tell you and just email me at Melissa the stocks wish comm Kathy put my information in there I'll send VC some referrals for brokers Can this be trained at 5k IRA counters is too small for most brokers to allow shorting I have absolutely no idea if a broker is going to allow you to shorten IRA account I've got to ask that question so many different times and people have told me so many different answers That is something you need to ask number one your accountant because it has to do with your IRA and number two the broker Because you have to ask them if they're you're allowed to shorten IRA. I don't want to be answering tax questions Again, I'm a trader through and through Why not give your service away for free if you don't need the income from a duty or successful trading That is an excellent question and let me answer that for Caleb since he asked it Why would you think that I would give my service away that is I've spent three years of my life and lost Thousands and thousands and thousands and thousands of dollars in the market away for anyone for free Do you know that my friends had paid me for my class? So if you're my friend, are you paying me for my class? If you're not my friend, you're paying me for my class Do you think that my time is worth nothing? My time is invaluable I'm giving you an hour of my time today. Let me tell you something. My time is valuable I could be at the gym right now doing a cycle class. I could be out on a date. I'm single I live in the greatest city in the world. It's New York City. It's rainy and I'm here tonight And I'm here talking to you, but let me tell you something I think you're important here. I wouldn't be sitting here talking to you I run my own business and I'm not giving anything away for free because my system works And I never will and my time is valuable and I know what I'm worth The people that are giving stuff away from free don't think their time is valuable and probably their system isn't worth anything I spent three years of my life figuring out those 26 points. It is invaluable to me I can't even put a price on it and when people say stuff like that to me I am aghast although I'm never surprised when I come to webinars like this Do you have any idea how much time and effort and money I lost in the market until I got to this point to figure this out? Do you have any idea? I have a great life right now I live in a gorgeous penthouse in the greatest city on the planet and I work an hour a day But I'll tell you right now I'm giving nothing away for free because I know exactly what I'm worth And I spent years of my life figuring this out and I stuck with it And I persevered and I deserve every dime I make. Every dime I make for the class Every dime I make when I train I deserve it all and more That's the answer to that question Now another train from WMT on Tuesday was this one You could have taken it here aggressively and shorted it It rallied back and you could have shorted it here Went immediately down in here into 10 o'clock or you could have got a little bit more out of it The risk in this was 15 cents which actually is good for WMT If you risked $525 on 3,500 shares this moved almost above Actually it moved more than a dollar but again you're looking for 10 o'clock 10 a.m. that time of the day Total profit 3,150 this is amazing Now you've got to have the buying prior for this We'll talk about this more at the end Risk to reward in this is 6 times the amount of risk made in profit This is a great trade But again WMT can move a dollar or more But this was a great, great stop in here 10, 15 cents look So you're taking the short Putting in the stop Boom Drop into the target I just want to point out here this one even more See this one here? Went 30 cents more Duke just wrote go go go Melissa love your passion for what you do Duke actually I think you're the Duke that's been following You're the Duke that just signed up You just signed up for the class Duke signed up for the class last week and it's been in the room for a week And it's just been observing he hasn't taken the class yet I don't know why but he's been observing I think that's who you are Duke right? Yeah that's who I thought it was And actually he's been following me for a little while But just signed up for the class even though he hasn't done it yet That for me people Quite frankly Hey you know what there's a lot of great people out there that teach good classes And I know there's just as many if not more hacks But don't put me on that level people Don't even And you know what the people that meet me face to face know that I'm looking into this thing where I'm going to be getting a face to face Where you could see me live on the internet soon But that is not in place yet When that happens I don't know if it's going to be every day in the trading room Or if it's going to just be when I'm doing videos But if you saw me face to face You would know that you know I'm the real shebang here That's funny Duke Anyways here we go WNT This was the one on Tuesday You could have done Urban And you could have done WNT at the same time Okay Look at that nice trade beautiful gap in there There was another one on Tuesday There just happened to be three good ones on Tuesday Again it's earning season Right now it's earning season Summary is even a good ton of trade because you have third quarter earning season Look at this You're in the trade here 932 you short it stop in drops Into the first five minutes of the day Okay Into the first five minutes of the day and you're out That's it Now you could have actually resorted this And taken it down for longer But you're in this trade here at 932 933 934 935 You're out of this trade in three minutes Literally 30 cents you risked And it moved more than a dollar If you risked 540 dollars You made over two grand This is a good trade because it's a three risk unit It's almost four But literally Not only is this less than 30 minutes For five minutes Why? Because it went to the first target 53 was the first target Also a dollar more Into the reversal time You're out Target you're out So sometimes these go like this And you can retake them But you know Again if you've made $2,000 in five minutes I don't really know if you want to retake it VC if you want to sign up for one retrial Email me at melissa at thestockswitch.com Michael's asking about 4x I was saying in reference to 4x These are gaps So you can only do it once a week I'm doing this five days a week And again fast means fast As you've seen here with this train This happened within five minutes This was on the DKS I was saying Caleb you are a funny bird Caleb is saying I would do it for free To better the lives of other common everyday traders To help beat the institutions First of all I have absolutely no desire To beat the institutions If your goal in trading is to beat institutions You will lose Find a new dream It's never going to happen The people that run the money control the world And as sooner you get on that program The more successful you'll be And you've got to understand that I'm not trying to beat any institutions I love the institutions I'm with them When I look for these gaps And they're paying me So the reality is I make money with them I'm not against them If you want to try to beat them You will fail That's not the game here The game is to win The game is to make money That's the game You've got to understand why you're doing this And my goal in life is not to help Common everyday traders for free That is not my goal in life I am helping people actually in their own lives And I'm helping them learn a system to make money And I'm helping them learn How to be responsible with their money And how to be successful And I'm motivating them how to be successful in their own You have to take responsibility For the decisions that you make in the market And in taking classes like mine And part of that level of responsibility Gets you to the next stage of involvement In your own life Where you want to pay someone like me To learn because you respect me It is about mutual respect Do you understand that? I am improving people's lives But they're paying me for it Because they respect me And as a result I'm changing their lives And teaching them a system They can use for the rest of their life And they're making money in the market When they were losing for years So I've gained a high level of respect For people You understand? That's what it's about Now let's talk about staples here Staples didn't work This was a loss I'm going to go over this here On Wednesday staples failed Got stopped out Actually I killed it Before I got stopped out Because I didn't want to wait Because it didn't go in the morning Here's where the staples dropped Rallied The stop was 1630 It took until one o'clock in the afternoon For it to be stopped out But I killed it before then Because I didn't want to wait around And I just didn't want to wait around for it But if you did the trade You did get stopped out Actually the high of the day was 1632 Look at that That was pretty interesting The stop was 1630 But the high of the day was 1632 If you held it through one o'clock You got stopped out The profit was zero You lost $500 if you took this You would have gotten stopped out at one o'clock You could have killed it at 10 a.m. And actually you could have killed it At 10 o'clock break even From the original entry So Wednesday was a loss For staples There was another trade on Wednesday ACHN that worked So you could have done staples and this The short was here Stop over here And you get the drop So there were two Wednesdays One failed, one worked One you took a stop One you made money Again, nice risk in here For the price point You could take 3,500 shares Risk should be close to the same $525 Exits $9 Told a profit 1575 This is a nice profit Again, $1,000 $1,500 $2,000 These are nice days With this kind of risk Not that you have to risk this But I'm talking again about Making $20 grand a month Risk reward is three times the amount Risk made in profit Again in 30 minutes Okay Do you see here You're taking the trade Drop Into 10 o'clock goes The target $9 You're shorting in here In 930 You're in Drop Into 10 o'clock target 9 It actually went past 9 But again I'm looking to play In the morning In the morning In the morning Quickly and quickly out Quickly and quickly out Quickly and quickly out Even if it fails Like the staples Okay Thursday was end top Stock did what? It gapped down Remember I'm reading the gap The close the night before I appeared at 35 something It opened the next morning Down here at 31 something And it rallied It's still early I'm still looking between 930 and 10 to get the short I short end tap here It drops Goes right to the first target Of $31 Again a dollar or more End tap price 32 Risk is 20 cents If you're risking $500 You can take 2,500 shares It goes but So you make $2,500 This is a nice trade And it happened Very very very very Very very quickly Look at where You did this Right out Again This is like Less than 15 minutes Beautiful beautiful beautiful And then you're out So nice trade End tap on Thursday And then Friday was the Marvell Okay Now I'm just talking About the morning move On Marvell Which is the drop Into 10 o'clock But it actually Went all the way down At $13 So if you Hadn't done Marvell And held it past 10 Which I don't do You actually Could have held it And made another 50 cents You could have actually Made double the move In here Again Great entry in this The stop was only 8 cents You could take 7,000 shares Of this and missed $560 Exits $13.50 Total profit $4,200 You could have actually Made double this Because it went to 13 But you would have Held it past 10 But again I like to trade the morning And on this day If you shorted this here And took it This is the day before The holiday Because it was the Friday Before the long weekend But here's where You're getting an institutional Sella Why would you want to Be with this It's the only way I'm going to make any money Okay You've got to be with them So the golden gap Final on the week If you risk Approximately $500 As a trade Summer a little bit more But the total risk Actually on the entire week Was $42.35 For the whole week Money for Friday Approximately $500 As a trade If you did them all One loser Seven winners Eight trades Total Minus the loser $15,305 And every one of those Is in 30 minutes I'm not talking about Mar-Belle Going longer Urban went more Everyone that I am talking About in here With the exits were Not the ones that even Went past the targets Which some of them Went to the secondary targets Just that You would have made Over $15,000 Risking only $500 Approximately per trade V.C. said He likes my approach You'll be more responsible When you get paid Absolutely How do you define Your target Support and resistance Or measure I lose everything Looking at the daily chart Scalper And I do teach that in a class And it's not something I could even say In like five minutes Because I have to teach it to you But it's really I'm getting everything Target, support, resistance Everything off the daily chart Yes Fish picker And I am spunky That's for sure I'm a trader I'm a female trader There's not that many Of them out there What's the name? First of all I'm a female trader I date trade I'm a woman And I teach That is very unique Right there Just all of that Okay I'm a very unique person So golden gaps are important For so many types of traders It's important Because you gotta know The good ones There was somebody Doing a trial in the room Today I don't know If he's here tonight Nick The average range of the day Of this thing was 20 cents You couldn't have made any money If you did this today If we went long or short of it You need to look for stuff That moves, okay The common theme In making this kind of money Is the consistency And you have to have the consistency Happening in the gap To take the setups And you have to have it move To get the good Rest your word to be in and out In today's world You need to be very thoughtful About what you are doing And this goes for any of this I'm thoughtful About what I'm doing when I teach I'm thoughtful About doing what I'm When I'm speaking I'm thoughtful about doing When I'm doing When I'm taking my trains And when I'm taking risk When I'm spending money in New York You have to be thoughtful About what you were doing And why you were doing it Now I put this in the class This was an email I recently got From Richard I don't know if he's here He emailed me about the class He's been following me for a while He said like I would like nothing better Than to thank the universe For helping me find you If I take the class This is not a student He hasn't done the class yet He's thinking about it He might be here, okay Most day traders lose Richard says And if you make a living at it He says I'm still in favor of trying your system But it seems too good to be true Now this is what I wrote Richard back this morning I don't know if he's here If he read it yet My answer to Richard was this And I thought this was important to teach Most traders lose Because they think they will Do you hear what I'm saying They have zero percent conviction In what they're doing Or why And yet they risk money in the market Traders lose Because they think they will Do you know that when I take a trade I don't think I'll ever lose I don't Now I'm putting my stops To protect myself But I never take a trade If I think I'm gonna lose That I just pass If I don't like something That I don't do it Okay And a lot of people Zero percent conviction In what they're doing And yet they risk money In the market So they're not thinking This is what I'm talking about The thought process What are the thoughts That you're thinking What are the thoughts That you're thinking Be conscious of the thoughts That you're thinking All the time About money When you are trading You must Okay You've got to put a plan Of action in place For what you are doing If you want to trade And be successful Again, on average It's about risking About $500 a trade To make $250 a year Once you're experienced You can risk more I've been talking About risk units It's really just The amount of money You risk per trade That's it When you become Consistently profitable What scalper I'm lost with your question Is there When do you Or what are you saying It's kind of Cut off there I don't know what you mean The goal though Is to make Three risk units per trade Golden gas Provide setups That have a Three-hour payout For the most part Some like I showed you The first one Jay so Only went a little over one But you see on average Some went more than three Some went less than three So it's an average Okay Because not every trade Is the same every day And not every trade Goes a target But sometimes You get a three-hour Even if it doesn't go to The target And you're up The three hours And you get out And I teach the exit Rules in the class Even if it doesn't go To the target A scalper You can write your question In again A good risk to a payout Though is one of the Most significant reasons To learn my system Because a lot of people Are in the market They're scalping Or they are trying To rebate trade I could never trade Like that I'd go crazy Again Once you get to the point Where you learn How to do this And have the adrenaline You'll never go back Whatever the first day was That I ever traded gaps I never went back The first day that I traded And made I made over $5,000 One day in a gap trade And I never, never went back Now I didn't know I didn't know what I was Doing then I had no idea Why the gap worked Or anything else And then Everything started From that point But the first day I had the biggest trade I made over five grand Within the first six months I ever started trading And I never looked back I was doing gaps For the rest of my life Then that's all I do That trade was just like I didn't know why it worked Or anything And obviously I lost money After that Because it took me Three years to figure this out But once you see That kind of money That quickly And something You'll never do anything else But you gotta know How to do it I'm just showing you An example To give you some idea How to get to the numbers Three Rs Is 1,500 Which we looked at Six is three And there are some trades That go to 10 Rs Like for example If you'd stayed in Marvell But you would have Had to stay in it Past 10 And you got a dollar Out of it And if you had 5,000 shares You would have made Five grand But you're really looking For an average of About 10 Rs a week Okay So if you really Want to make this kind Of money It's possible You just have To learn the system First And then you Bump the risk up Every time One of the greatest Commodities is Time Someone asked earlier Why don't I teach For free I would never Give my time away For free I feel that my time Is very valuable And you should too If you've been trying To learn how to trade The market for years And you are losing Do you value your time? You gotta think about that People Come on What could you have Done with that time In your life You could have Written a book Alright Plan of action In place for beginners Take the Loading God Class Which is my course Learn how to rank Gaps Countries Trading on a demo For a week Then you start risking Small size Then you bump it up $50 $100 $150 $300 $500 This is what I suggest To people Now if you really Really want to Go out of the gate After the class And start risking $500 Fine If you think You've got it Shamang right after The class Do it Alright But this is what I suggest for Beginners You can show the consistency Because then you can bump up Your risk You have the conviction Then again in the market To do it to bump up the risk If you take $3,000 shares And a stop drops $3,000 3 grand If it drops $2 At 6 grand So it has to do with sizing If you take size And trains You will make more money That's how I'm able To do this now So You can learn How to do this You can do it from home You can do it In the morning period I think it's best To do it in the morning No matter what Because you get the most Of what happens in the morning You tend to give money Back as the day goes on And even you solve What Steven wrote He's like I don't even want to do it After 11 He must have started out And noticed that things Don't really go after 11 Even after the class But I shut the room down Then anyways So you're on your own If you want to trade The afternoon I'm not supporting People doing that I know it's dangerous You just give The morning profits back So my class Is called the Golden Gap Course it teaches A 26 point system To find the best stock To trade each day It also teaches Back on the day It teaches advanced Technical analysis And it does teach Support and resistance In the right direction And the targets Which someone's asking About tonight And I really teach People how to be good traders So take a lesson About some of the things I said tonight Value your own time Respect yourself Enough to value yourself And others too Okay And think about What you're doing With your money Be thoughtful What you're spending Your money on Be thoughtful about the Trades you're taking In the market What you're doing In your life Okay So the checklist Tells you What to look for And it gives you an edge Because it's my own system I created it myself And no one else has it And I made it for myself Which is one of the reasons That it works so well If you want a day trade It has to be about consistency Many many people Day trade They're back and forth Back and forth Back and forth But then they're not Profitably Even though they have Some winning days The consistency Is what sets me apart I am a trader I do trade actively So the class Is a complete system To use to trade As all the pieces of the puzzle The class Is a full two-day course On how to strategically Find pick-and-play socks That are professional bearish gaps Retakes are free So once you sign up For the class first You can retake it anytime You want in the future The class is online It's June 6 and 7 This Saturday and Sunday 90 am to 5 p.m. Eastern time Cost of the class Is $34.99 If you want to sign up You have to email me For registration papers I already have people Signed up So if you're interested Go back Melissa at thestockswish.com I'm giving everyone The wealth manifestation class For free this month That signs up for the June 6 and 7 class That class will be June 9 You'll get it for free This is nothing to do With actual trading charts Or anything But it has to do with Your mindset Which I kind of touched On tonight But didn't really go Into detail about But I do in this class I also teach A class called The Trends Course This is June 24th And 25th This is about taking Long-range trends If you want to do Swing or core trading The cost of this class Is $9.99 This does not teach You how to day trade though But this is a good Other advanced course To do with the gap class If you want to do Swing trades or core trades And I'm offering $500 office If you do them both together So you can do them Both for $39.99 For June And take both the classes In June You get the wealth Manifestation class Free for June Now let me see If I have any Miss any questions here PRP says Tell them Melissa I have no idea This is funny What's the biggest hurdle The new students have With your system Great question Sizing Sizing Because I'm calling the trade And I'm saying 30 by 50 And in your head You have to think In your mind 20 cents And you have to know Then if you take A thousand shares 20 cents is 200 bucks So for that Is the biggest hurdle I never never Never thought That would be a big hurdle For people It's really simple The arithmetic You can have A little jiggy up I have cheat sheets In my computer But honestly That is the biggest hurdle And I think It's hilarious to me Because when I started teaching People I never thought That would be it But that's it Because you do have To size yourself right Because you don't want To take 5,000 shares Of something Or risk 5 grand If you're only Supposed to be risking A hundred dollars So it's simple arithmetic Really though And you can have A cheat sheet Next to you 25% Ah The classes Are not recorded Not in my classes Are recorded In June If you're interested In the class in June For the later class In June June 20 Up in 21st So if you Miss the one For June 6 And 7 You can do the later class In June Or if you can do One day The beginning of June You can do the second day The end of June I'm doing two classes This month Because it's Earning season And I have a busy Busy summer For myself Going on here So I need to do Two classes Right now Some skills that you apply That make you consistently profitable There was not one I'm going to say this Let everybody go And I know I'm over time Just give me Give me two minutes To answer this question I appreciate that Kathy and Kevin There was not one Event in my Trading career To get to this point That there was not One thing ever That happened If you Think that There's one thing Like that That's ever going to happen To you You're mistaken It really is A process of self-discovery It absolutely is And in that process You will discover yourself And evolve If you get to the point Where you can make it I think the greatest part Of my story is That I was able to Perseverance through A terrible time in my life The worst time in my life ever To get to the point Where I have the life I have now Because I truly, truly Believed in myself So there was not One event There was not one instance There was not one person I met That had all the effect On me in the world There was nothing like that It was a series of events Of many, many, many Help me along the way In the path of my life And most of them Was emotional support Because, you know I funded my own trading losses And I did borrow For some of it, you know But really At the end of the day It was like less than 1% of the amount That I borrowed From what I did I mean I worked Full-time While I traded And just worked In my job Support of my trading losses And I kept working There is not one event That's going to turn it Around for you The fact that I'm able To turn people's Money Is phenomenal I mean you ask my gift To the world That's it The fact that I'm even Choosing to teach this To anyone The fact that I'm even out There And dealing with criticisms Like from people Like strangers Because I don't really Enjoy dealing with that I don't need to do this I do feel that What I'm doing Is actually giving to the World Even charging for the class Or even teaching it I will not be doing it For the rest of my life There's many, many Things to come for me But the fact is that You know You really have to Find me You probably went through Some process To get to the point That you'd even be able To decide that you Want to come to me The last thing I want to say Is even if you come to me And I turn your train Around and you're Immediately profitable The time that it took For you to get to me To decide that you Want to spend $3,500 on a class With a woman like me That you don't know Anything about Was a process To get to the point To believe in me And then something To say to you tonight Or you will hear from me In any of my videos Strikes you And cuts right into The depths of you Where you're ready then To take the leap to do it And then all of a sudden You do it And you're making money With me But to get to the point To meet me To get to all the years Of your life For the weeks Of your life To get to the point To decide to pay me for it Could have been All happened before me But it has nothing to do With the market This is more than Just learning this But that one gentleman That asked me on the email If you think you're going to Lose, you will You don't understand What I'm saying So it's a process Even if you take my class And start making money Immediately, it's a process To get to the point Or me And I will tell you That there's people That have taken my class But they may be so Negative in their mind If they don't absorb Everything I'm saying If they feel like They're a loser If they believe They're a loser Then if I even teach Them everything to do They will miss my trades They will I will call the trade And they will do They will miss it Now will they miss it Every day? No But they will miss Sometimes the good ones Then because in their mind They feel like They're a loser But I try to help People with that That's why I'm offering the Wealth class too You are a winner You're not a loser You've got to think Like that All right All right Have a great night Everyone If you're interested Email me at MelissaTheStockSwitch.com Great questions Tonight Good participation Email me at MelissaTheStockSwitch.com