 Hello there everyone and welcome. This is Melissa Armo with the stocks. What's just about 543 on Wednesday evening? Wow, what a Last 48 hours. I mean 24 hours. I mean the market has just collapsed here And I've just called trade-up to trade-up to trade and I'm really on vacation this week But I didn't I didn't leave New York and so obviously here I am I mean I'm seeing these things just falling into my lap and all of a sudden boom So let's go over it. So Okay, so here's the story. So yesterday 528 I called Let me just give you the exact time In the afternoon 227 in the afternoon. I called the puts Let's find it here Here in the diamonds. I saw we were falling we would fall we fell Okay, so this fell into the area on What was yesterday Tuesday, yeah yesterday was Tuesday because of the holiday So essentially was Monday in the market, but really Tuesday So I called the 255 puts and we fell right into it closed We were up in the trade if you did it into the into the close and then we fell even more We got down this morning. Here's the open and we actually opened today $3 almost through the strike Unbelievable so a lot of people got out of that trade They bought the 255 puts and then they answered to the trade into the open because they were up And you would have been up if you had done it when I called it yesterday You would have been up immediately into the open again There's there's I must stress there's no bad exits on any of these trades And I'm calling people are starting to get greedy and I see the writing on the wall People are trying to predict the lows and these shorts with the highs and the longs. I'm telling you You cannot worry about that stuff. You have one objective and I'm saying this to everybody That's on the options letter in the trading room. I'm calling fantastic trades It's literally almost like every trade is working, but you cannot get greedy But don't forget you're doing this to make money You're never going to predict the low and a short and you're never going to predict the high and a long You have one goal make money make money make money make money make money So for the people that got out in the open It was a great trade if you let it follow through into the drop down here Although the day was 249 48 that was a great trade. It dropped more than five dollars through the strike Okay, this is the one that I called on Monday the 28 Anyways, then I called another round of trades this morning I had to wait to watch it called them right away is that into the open I called another trade in the diamonds and a bunch of other things too So 12 trades in the last 48 hours or 24 hours or whatever since Tuesday through Wednesday And that worked too and if you're still in that that's not longer and if you're in that that's fine If you're holding it fine, but anyways the point I'm trying to make here is that You have to read price action That's the point that I'm gonna make tonight the point of tonight's lecture here is Reading price action is imperative taking profits is imperative Everyone's up no matter when you did it and even if you're still in it But the fact is that don't get greedy Don't get greedy and at the same time don't be so hesitant that you don't do the trades Or you do them too late Don't chase the trades like if I call a trade on a Tuesday and you don't do it on Tuesday You're not gonna do it on a Wednesday. Okay, you have to do the trade of the day that I call the trade itself Okay, and also there's nothing wrong with getting out again This trade gap down and follow through was up in the morning if you didn't want to hold it into the drop fine You still get out with money Anyways, I have no idea now at this point where we gap tomorrow morning tomorrow's Thursday We have two solid full more days left in the week and anything could happen The chances of us recovering from the sell-off though on all day Tuesday all day Wednesday market was closed Monday The chances of us recovering from the sell-off Thursday Friday are You know slim to none. I'm not saying that we don't recover I'm saying that it's a slim chance that we recover and if we attempt at a recovery It's probably gonna be a pathetic recovery and yet there will be people if we do Attempt to recover gap up tomorrow. There will be people that will go along the market And I'm saying at this point now and I've said this actually the entire month. It's the first day of May I've said this that people really need to follow the structure and follow the system I firmly believe that if you are doing something and you're losing money that you need to stop trading If you were doing something if you're making money Then that's fantastic continue doing what you're doing if you want to trade and you want to learn a good system It's a has a high one ratio my system does and you learn it and you do it you do the trades and you get out when you're up and I think at the end of the day people that are trading that don't know what they're doing are Really getting chopped up in this market because it has had no follow-through or virtually very little follow-through in any two-day period Like for example, we fell yesterday. We fell today. I won't be surprised if we rally tomorrow Does that mean we're gonna go back up to the high not necessarily? So this is the market's tricky. That's the point. I'm that's the point I'm trying to make here that the market's tricky. You have to take your profits You have to make sure that you are trading a system that works That has a high win ratio and not only that trade a system If you're trading and you don't know what you're doing now is not the time to be trading if you're trading And you do know what you're doing. You're making a crap loaded money right now and I have called some unbelievable trades I mean not unbelievable because they're 100% believable because I've been know what I'm doing and my system really really works So for those of you that have done the class follow the system Don't make it hard for yourself Get up in the morning and rate the gap and if it rates well and it sets up then you do it Stop overthinking it. Stop trying to squeeze every penny out of it and get out the low If we're shorting or if get out the high for going long make money Every trade that I've been calling is working in the last two weeks Don't don't try to make it more difficult than it is Anyway, some people had just huge days huge days today and so I'm I'm just very enthusiastic I'm thrilled that people are doing so well. It's I mean this is gonna continue There's there's no end to in sight to any Resolution for the tariff issue and no end in sight to what's gonna happen with the Democrats trying to impeach Trump And again, I didn't know Mueller was gonna talk at all this morning I had no idea no clue about that, but I will tell you one thing I read the price action yesterday on Tuesday predicted the market was lower called the trades and called him again This morning way before I knew when Miller was gonna talk So you do not trade news events you trade the price action You do have to be able to have a strategy that tells you what that is for me It is the golden gap rating system follow the rating system follow it follow it follow it follow it follow it follow it Follow it don't overthink it don't question and take the trains put your risk on be okay with the risk Whatever it is don't kill the trades that don't work out put the stop in if you're dating and if you're doing the options Whatever you put on as a risk is the risk and that's what you put on You know anyways, I have no idea where we open tomorrow because we are so volatile right now We could be down. We could be up. We could be flat as far as the gap tomorrow It's like so far away to even tell what's gonna happen. It's five fifty one at night Well, I will definitely be looking at the market and rating the gap tomorrow morning on Thursday and Friday, too And if you got out of all the trades today, everyone that I called you had a fantastic day if you're still holding some I don't think it's a problem either Anyways, have a great day everyone if you're interested in the next golden gap course It is June 8th and 9th and I'm running a special offer for people that signed up for the golden gap course You have until June 2nd Sunday at midnight You will receive the trading room the afters that are free till 8 31 2019 August 31st That's the whole summer in the room to get all the options calls and all the trade trades There's people that have signed up for that that have already paid for the class so kudos to them Big big week and it's only it's a short week It's two days in but I have never been more focused than I am right now So good luck everyone if you're interested email me at melissa at the stocks wish calm