 Well, welcome everyone. I'm going to put up a slide here in a minute. Let me know you can see it. Wonderful. We're going to get started here today. If you have any questions, excuse me. You can just type them in the room. My name is Melissa Armo and I own a company called The Stock Swoosh. And I started the company about seven, almost eight years ago. Excuse me. And I basically do only one thing. It's gaps. So you can earn a living day trading if you're very, very focused. And if you have a good strategy, which I happen to have. Okay. So you can use my strategy for day trading options or doing equity trades. Whether you do them for options or whether you do them for equity trades really depends on the time that you have in your schedule, in your life. Excuse me. So sorry. I may have to get some water here if I keep cropping. I don't want to keep cropping in the mic. But it depends on your schedule and it also depends on the size of your account. Okay. So if you want to be in and out, in and out, in and out in stocks, in equity trades, you need to have a margin account or you need to have a proprietary day trading account. If you don't know what that is, we can go over that at the end or you can email me with questions. If you want to do options, you only need a minimum of $2,000 in an options account. So there's different requirements, cash wise, different types of accounts. But the strategy is the same thing. And we will go over one option trade in the market today. And we're going to talk about a few trades we did in the last few weeks. So any questions, write it in the room. But everything I do is based on stocks gapping. And I'm going to go over what that is in a minute as well. If you have any questions, you can reach out to me or email me at Melissa at the stockswush.com and call me at 929-3200 GATT. Follow me on Twitter, Facebook, YouTube or Skype. So I've been, again, I've been doing this for a long time. I've taught a lot of people. I'm very good at what I do. You know, I think that one of the reasons why traders fail and I'm not talking about just for making money for a living. I'm talking about traders fail just flat on their faces and lose money in the market is because we're not focused. And if you're one of those people, then you know exactly what I'm talking about. I typically, in the morning, go to the shorts first. Okay. That doesn't mean that I never go long. It means that I prefer to short stocks. So that really does give me an edge. If I see a good long, I will go long, but I prefer to short. Okay. But any questions? Just write it in the rub. So how does the market work? There's, there's, there's two sides to every trade. And it is like this picture depicts. It's a tug of war. Okay. Someone is buying a stock and sell someone is selling a stock. Someone is on the opposite side of every trade that you take. There's nothing that's being created. There's a fight, a fight for the money. Okay. And the one that wins the bag of money is the person that is, is the winner. Okay. And the person that is the most focused. And I don't want to say the smartest, but it's kind of like it. The person that wins is the smartest because that person took the stock in the right direction that it moved. Now, can you personally move a stock? No. No, you can't. Okay. And neither can I. Institutions move stocks. So when you're the tug of war is going on, you need to be in the right direction where institutions are going to take it. Going to take it next. Okay. Like then before you need to get in the mood before the move occurs. Okay. So it's a tug of war. Nothing's being created when you profit from a trade. You are taking money from another person, another man, another woman on the other side. Say, this is you. You're taking money from this guy over here. Okay. So you want to be the one that wins. And that's how you have to look at it. You want to be the winner. And so if you are serious about being the winner, then you have to be serious about what you're doing with your trades. And I found teaching people for, like I said, almost eight years that many, many, many, many, many people are not serious about their trading. And they are definitely not serious about making money. I'm very serious about everything that I do in reference to the business, trading, making money, looking at a chart, all of it. Okay. And it's one of the reasons that I talk on national TV because I'm serious about the calls I make on television. So when you decide to do this, if you want to be the winner, then you have to be serious because there's another guy on the other side of your trade that is serious. And he wants your bag of money. And he won't stop till he has it. Do you understand? So understanding how the market works and the concept of trading is very, very important. And I think a lot of people miss sight of that. They just miss sight of it completely. And although trading is fun, you have to take it seriously. So how can you make money in the market? You have to get in in the right direction. If a stock is rallying, then you need to be long. If a stock is falling, then obviously you would be short. Okay. If you want to make money. So you have to make sure that you get it in the right direction. And again, that's something that I focus on. Okay. So let's take a look here at the spy. This is a chart of the spy going back pretty much close to where we closed today. I took this this afternoon. Yeah. This was after the close. This is a chart of the spy, which is an ETF for the SMP, the overall market. So the overall market's in an uptrend. Okay. And every day I get up in the morning and what am I focused on? I'm focused on looking at where a stock is gapping and the market too. But I mostly focus on specific stocks. But I just want to talk here about this chart. This is a daily chart. So I'm focusing on gaps. Now let's go over what a gap is. A gap is a difference between the close and the open. Here's a daily chart. This is going back. I'm going to go back a couple of days here now. This is from the 19th. This is back in September. The market closed here at a certain price point at four o'clock Eastern time and opened here. The next day it opened at a different price. That's a gap. When the market or any stock closes at one price and opens at a different price, it's gapping. In this case here, this was gapping down. So the market closed here, open lower in the morning, gap down. Let's look at some gap ups. Today was a gap up in the market. Market closed here on Friday, gapped up today. So the market closed at one price, opened at a higher price today in the market. And again, this could be anything as a chart of the spy. So I focus on gaps. I would read this here in the morning or read this over here or any of the other days on here. And I have a system that I use in the morning where I go through a 26 point rating system to determine the direction that this chart, whatever this happens to be, this is a spy, moves on the day. I determine whether or not it's a long or short. And that is what I do when I do it every day, every single day, Monday through Friday. And I sometimes call options trades, sometimes called day trades, and sometimes I call both. There are many, many people that look at gaps and many people that don't. There are many people that look at gaps that have no idea how to read a gap. And there are lots of people that are aware of gaps and have no idea how to read them. And I've found being on television and meeting a lot, a lot of people in the last few years that are in the market for longer than I'm alive have absolutely no clue how to actually read a stock chart. So it's very interesting. If you can learn how to understand how to read gaps in a chart, you will have an edge because many people don't understand it. Many people trade based on fundamentals. And although that's all well and dandy, you can't get, as an active trader, you can't get in and out based on fundamental decisions and moves. You have to be looking at the price action because you have to be in and out. And whether that means take it on a Monday at 9.30 and get out at 9.35 on a Monday or take it on a Monday and get out on that Friday of that week if you're in an option trade either way as an active trader, you need to be in and out. And fundamentals are simply not good enough. Now, if the fundamentals match up the technicals and you want to do it, fine. I don't look at fundamentals at all and I don't have time and I don't care. All that you need to know is how to read the price action. And it's something I'm good at doing and the way that I do it is gaps. Okay. Now, if you're typing a question, I cannot see it. And now I know you've been following me for a while. You haven't signed up yet, but I don't know if I can answer any questions for you, but your typing is stuck. So how can you grow your money? Let's say you want to do this as a career. Let's say you don't even want to do this as a career. You just want to do it as something on the side. You have money sitting in the savings account. You're earning 1% or something. It's not doing anything for you and you want to grow it. So you can buy real estate. You can flip houses. You can buy stocks and hold them for months and weeks and years. Or you can be an active trader. So what I'm doing and what I teach people to do, active, active, active. You're not Warren Buffett. You're not buying a stock like Apple and holding it till 2025. That's long-term investing. Although you could read a chart based on the gaps using my system to do that. That's not the concept. That's not the idea of what I call chunking it out. Okay. That's not what I call active. That's long-term investing where if you take a position in a stock, you're not going to get your money out for years and years and years and years and years. So while you could grow it, you could grow it. It's going to be at a very, very slow pace. Whereas if you're in and out every Monday, Tuesday, Wednesday, Thursday, Friday, five days a week, four days a week, three days a week, you're in and out, in and out, in and out. Okay. You're, like I said, you're chunking it out. You have a bigger chance, more opportunity to grow it because you're making your money work for you faster and quicker and better than just taking a set amount of money, say $5,000 or something and sticking it in a stock and buying it and holding it for five years because you can't take that $5,000 and do anything else with it. You're stuck. You're stuck in that stock and you're stuck in the investment. Okay. Does that make sense? So usually the percentage that we're looking to make, percentage of returning the investment in any trade that we take or risk to reward in any trade. Again, whether it's an option or whether it's a day trade is one to one. Kathy, I don't know if you can help Alan. His typing is totally stuck. I can't see his question. I don't know if you're there, Kathy. Anyways, it's the idea of taking one to one. So say for example, you take a trade and you risk $1,000 in a trade. Your goal is what? To make $1,000. If you risk $500 in a trade, your goal is to what? Make $500. So that's how I look at it for chunking it out. So you can see how if you're active and taking 2, 3, 4, 5, 6 trades a week, you can take your money and flip it over, flip it over, flip it over, flip it over. A lot more to grow it faster than you would if you just said, well, I'm going to buy Apple and I'm going to hold it till 2025 or whatever. Okay. Make sense? And again, if you have any questions, let me know. I don't know if Alan has a question for me or not because it's stuck. So I also get this question to him before I start talking. People ask me, well, I like my job. I like what I do for a living. I don't want to quit my job, but I don't have enough money for retirement. I don't have enough money for retirement and therefore I'm trying to figure out how I can prepare because I'm just saying that people that I talk to, they may say, well, I'm thinking I want to retire in five years, but I don't have enough money in my 401k, people say, to be able to quit my job. Well, it's interesting because a lot of people now are working full time, even after 60, 65. And that's just the way that the world is lately. Kathy, is the room there? Because I just totally lost every comment. Am I still alive? Can everybody hear me? Okay. All right. I don't know what just happened. Anyways, I lost my train of thought. I was talking about retirement. Okay, retirement. So some people say, well, I want to retire, but I don't feel like I have enough money saved to retire and just stop working completely. What can I do? Training, active training is something that you could do if you retire. So this is a way, again, to chunk it out, to take the amount of money you have. And again, this isn't investing. It's active, active training. Okay. Well, you are in and out, in and out, in and out of stock trades every week. Okay. Every week or once a day, where you can, instead of going to your job so that you could retire from your job, you would trade. And you would basically trade full-time. But full-time training is not really working 40 hours a week. Full-time trading is you could work for one hour a day, a half an hour a day. Or even if you worked the entire amount of hours the market is open, the market is only open from 9.30 a.m. to 4 o'clock Eastern time. So it's only open six and a half hours, even if you wanted to stare at your charts all day, which I don't do, by the way. Okay. We are usually done very early in the morning. But if you are thinking that you're going to retire and you want to retire and you don't want to go into an office full-time or your job or wherever you're working, this is a way to have some cash pointed out of the market on a consistent basis each week. And it's active trading. Again, this isn't long-term investing. It's active trading. So it's really something that you could do, not just for your job if you want to do it, but something on the side after you retire. Okay. If you feel like you don't have enough money that you could just stop working all together and stop having money coming in, because it's very difficult for people to think, well, how much money could you actually, would you actually need to never have any money ever come in again? I mean, that's pretty difficult for people to say. People used to say, oh, a million dollars. A million dollars isn't enough anymore. It's absolutely not enough. And many, many people, and lots of people, you know, knock on wood luckily, are living longer and longer and longer healthier lives. Okay. So, you know, to plan for retirement, if you really want to retire from your job and not have to worry about the stress of it, you may have to think about doing something for extra money coming in. All right. Any questions from anyone so far? Let me know. All right. So, what do I do? Getting back to what I was saying, I do gaps. It is a system. It is a strategy that I've mastered in the market where I'm predicting the way, the direction a stock will go or the market itself if we play the market. And I take the trade before the move occurs and we either go long or we go short. And as I said, I prefer it to short. And the reason I prefer it to short is because I find that stocks drop and fall faster than they rally. That's just the way that it is. Okay. Again, I will go long sometimes some places, some stocks. Nike was a long, it was a nice call that we did. And Nike had a nice move and a rally today. But most of the things that I do on any given day are shorts. Okay. But I use one system to do everything that I do. So again, getting back to day training specifically, one of the reasons why people again, and I said this earlier, I'm going to hit home on this again. Why people find day trading so hard is because of the lack of focus. Lack of focus, lack of clarity. And people just second-guess themselves. Like if they take a trade and it doesn't make money right in ways, then they question themselves and they question themselves. You need to have conviction in what you're doing. You need to have a full-on understanding of why you're taking the trade. Why do you believe that the stock is going to move higher? Why do you believe the stock is going to move lower? This comes from using a system. It comes from conviction and it comes from knowledge. Okay. So because I created my own system, I have a high level of confidence in it. But I also am very, very focused. This doesn't mean that every single trade that I take works, but more trades work than don't work that I take. And the conviction over time is something you will learn and if you come and decide to trade with me and do the class and join the room, you will see that things play out very often the way that I predict. So it's that focus that really builds your confidence up and that is how you're going to get to the point where you make money. Okay. Again, any questions? Let me know. So I talk about this a lot. It's conviction. It's believing in what you're choosing to do. Okay. And taking the risk accordingly. Now you can start out right away with a small risk because you're learning, you're growing, you're testing your conviction. You're filling it out so you can start out slow and over time as your conviction grows, you can increase your risk. But the returns can be incredible. When you think about it, where can you go and actually put your money in some place and pull out the same amount on a given day even three days a week? I can't even think of any work. So if you want to take $500 and go stick it into bank, you're not going to be able to take $1,000 out at the end of the day. If you want to take $500 and stick it into bank, you're not going to go take $500 out at the end of the day. These kinds of returns just aren't out there in normal types of investments. And even getting back to what I was saying about real estate, although people can make money in real estate now, people are scooping up different things because the market has started to drop, particularly here in New York. But you have to wait, wait for then the return, hold on to it, wait, find a buyer, spend money to fix it up. It's not the same. It's not as fast. And that's what I love about Shradian. That's what I love about the market, the fact that you can make money so quickly. It's a way of producing income. It's not investing. It's in out, fast moves. And that's one of the most amazing things that I love about not only trading period, but also trading gaps. And I'm going to show you what I mean by some of the stock charts we're going to look at in a minute. But it's the quick moves, the fast moves. And that, again, is something that is extremely, extremely attractive. And many people, and I don't care if you have a lot of money or a little bit of money, if you have $2,000 in an options account or $200 grand in an account, everyone would prefer to make money fast than waiting. Would you rather double your money in 12 months or 12 days? I mean, or 12 minutes? I mean, the answer is easy, okay? So again, it goes to the strategy. It goes to the focus. It goes to exactly what I'm looking at each day, which is the gap. Now, this was a gap back from the end of August, beginning of September, and I'm showing you this here. Because one, it had a big move. And two, it had some really nice follow-through. And also, this is a stock that many of you would know probably the company. It's Alta. So this is the beauty company. The stock had been trading higher and higher and higher for a long time, had a big beautiful move, made new highs, was up around $365 back here in the middle of the summer. Then it had earnings. Again, I'm going back. This is the month of August. This is a daily chart. This is Alta. Stock closed here the night before around $336 in change. Okay? This was, again, where it closed prior to the earnings reports coming out. So that was four o'clock eastern time on the 29th. Okay? That was August 29th. Then, boom. This was a Friday, August 30th. The stock opened. And you can see this here. I'm going to the left, to the right. I know this is really, really small. The stock opened here around $250 in change. Okay? So the stock closed here at one price. And then it opened down here at a different price. You see this? So I got up in the morning. Actually, I got up pretty early this morning. And I looked at this gap in Alta. And I saw the price it was at. I said, okay, I'm going to use my system to rate it. Is the stock going to rally? Should we go long it? Or should we short it for money? And I rated the gap using my system and it rated as a short. So I could tell in the pre-market, this is before the open, before 9.30, even though we don't take a trade before then. But I look at it and I study it. And I rate it. And that's the system and it's telling me this is lower. So then when the stock opens, boom. Then you can short it. And you can do a short and you can do a put. And we did both. And it had a big drop. Low in here in that day was around $2.30 in change and it fell, fell, fell. Down in here around $2.26, $2.25. So this was a nice move. You could have bought a put. You could have shorted it. And here was the trade. Now this was the day trade. I don't have the puts in here, but there was some puts on this as well. Entry of the day of the short was $251.48. Stock was $256.80. 500 shares, which is a good amount considering the price point of this. Exit $244.75. Boom. Really nice move. And this is just take it, get out. Take it, get out. Okay. This is happening very quickly like in several minutes. Like the first hour of the day usually we're in and out of trades and we're done. $3,365. And this was not even really the low of the day in this. I'm going to go back and show you again this chart here. So we got out of this around here because that was the morning drop. It fell another $10 plus on that day. But again, I focus on in, out, in, out. And it was a good trade. It was a really nice trade. Okay. So this is what I'm looking to do every day. Or you might have looked at this or something else. This wasn't the case with this one, but you might have said it was a long. Now in this case again, we shorted it. But this is what you would learn from me. You would learn how to look at a stock, look at the gap and determine if it's a long or short. And that's how you make money. But it's quick. It's quick meaning it happens between 9.30 and 4. Which to be honest for most traders is pretty fast. And sometimes we're in and out of something in 15 minutes. And for a lot of traders, that is fast. But for me, I prefer the fast moves. We're usually done by 10 o'clock to 10.15 unless I'm waiting for something to go. Today we waited all day for something to go. It was a profitable trade, but it was a long one, but it was still money. So some days we wait a little bit longer. But most days, I'd say 9 out of 10 days, we're in and out quick. Okay. Any questions so far? So again, getting back to what I was saying and I'm going to reiterate this again. The focus, the focus. It's the focus on the directional bias. And then you plop on the size and that is how you can do it for something that can sustain yourself or living or again, if you want to save and just have extra money to retire. So when I'm looking for something, I'm typically looking for a dollar move. Now something like Alta, we obviously were looking for a way bigger move because the price point of the stock was kind of pricey. It's expensive. Okay. Over 250 a share is kind of expensive, but most stocks we do, you know, we're ranging in five to $100 range and I'm looking for a dollar, dollar 50 move. So if you take a thousand shares of something and it drops and you short it, boom, and it drops a dollar, what's your profit? A thousand bucks. Now I look at each stock differently. Like I said, it depends how the gap rates. It depends on the difference between the entry and the stop. For Alta, and I'm going to go back here, this was kind of a big stop. So it was only a 500 share quantity on this for the risk because it was the difference between 251.48 and 256.80. Understand? And that is really what your risk is. Makes sense? So your risk should be the same or close to the same on every trade you take. And that's whether you do the day trades or whether you do the options trades. Okay? You can back it up and say, okay, well my goal is I want to make a thousand dollars a day. Then your risk needs to be around that much per trade. And you can look at it like that and I say, look at it in increments per day, per week, per month. Okay? And that's the best way to really do it to plan out your year to try to get somewhere. Because I think a lot of people again, they want to trade, trade, trade, trade, trade. If we take a good trade and we make our goal in the morning and we're up, that's it. We're done for the day. I'm not like taking 20, 30 trades a day. And if you come to the trading room and again if you're interested in a trial, you can email me. I can send you a trial for the end of the week, for the rest of this week. But the fact is that a lot of trading rooms are open all day. We're not. I don't think it's a good idea to keep trading. Whether the first trade you take in the morning loses or the first trade you take in the morning exceeds your goal, it's just not a good idea to keep trading, trading, trading. Okay? Look at this as a job, whether you have another job or not, and you say, you go in, you do it, you're done, that's it. If your job is to make a thousand dollars and you take a trade and you make a thousand dollars, then you're done. And you wipe your hands of it and you move on with your day. Because I think, again, one of the mistakes that traders make is going after and after and after it. And it's just not that way. It's just not that way. You have to be, again, focused on the task at hand. And the task at hand is for you to make money every day that you trade and your goal. Okay? Whatever that goal happens to be. Any questions? So let's take a look here at Mew. So this is a chart of Mew. This was from Friday. Stock closed here. The night before. Again, Thursday night. Boom. Open in the morning down. So I got up in the morning and I rated the gap. Mew rated as a short. So again, you could have done a putt or you could have shorted the stock as an equity. Okay? Dropped, fell, boom. Nice move in here. You could have done this a couple of times. All right? So we did it in the room. Entry was 45-22. Share quantity, 2500. Exit. And this was a really quick exit. 44-83. And you could have made almost $1,000. It's take it, get in, and get out. And this was within the first half an hour the day that we did it. Now, if you happen to hold Mew longer, I'm going to go back. You can see here, I know this is really, really small, but you can see here where it broke 44 and dropped and went all the way down into 43 area. So you could have, so we took it and we got in and we got out quick, but you could have held it longer or you could have got out and take it in again. But again, you know, when I see my Golan for the day, I take it, boom. Book it, done. And I really think that that's an important piece to my own personal success. Okay? It's taking profits. It's taking profits particularly in this market. This market's been very volatile and I know everybody thinks we're higher, but you know, I wouldn't bet the farm on it, even though the market's in an uptrend. We're in a choppy market. This is a volatile market. If you're up real money, you need to make sure you book it. And the money isn't yours until you're out of the trade just so you know. Any questions here? So far. That was a nice one. Again, I get this question a lot. The classes I do are online. You can trade and be anywhere in the world. Okay? You do not have to be in New York if you want to actively day trade. You can be anywhere in the world. You can be in a different country. You can be in a different time zone. So I'm an Eastern time zone. I'm in New York. The market opens at 9.30 Eastern time zone. But again, we usually trade in the first half hour of the day. So you really only need to block out between 9.30 and 10. 9.30 and 10.30 in the morning to be able to do this. Today was an anomaly where we're waiting for something to go for a long time, but you could have exited the trade today in the morning earlier and been out with money too. So it depends on your schedule. It depends what you have to do. It depends what you have going on in your life and also the time zone that you live in, but you don't have to be in New York. You need a brokerage account. You need a computer. And obviously, you need a strategy that you can follow consistently. And I do think it's important to have a mentor, someone to follow that's calling the trades like I do in the room. It helps you stay focused. Okay. Any questions here so far? We all good? So again, it's interesting because again, I have so many different people for so many different walks of life that I talked to. And there's one common thread from whether I talk to people that are, you know, 29 or 49, everyone would like to have more time and more money in their life. And that is just a common thread no matter what age group that I talked to. People want to be financially independent. And the more money that people have, the more financially independent they feel. And people also feel more independent when they don't feel like they're ashamed for the job where they have to work till 10, 11 o'clock at night. And it's interesting because again, like I said, I live in New York. I have a lot of friends that work till midnight. Some people work till 2 o'clock in the morning. And that is how the city is with certain jobs, particularly if you're happen to be an attorney, a doctor, I mean even accountants work late at night in New York. So it's interesting and I know a lot of people live in a lot of different places, but people wish that they had more time to themselves for their own enjoyment of life. And that's really where what money brings. Although money can buy you nice things and all of that's great and beautiful houses and cars and clothing and vacations and all that good stuff. When you have more money, you're not a slave to someone else and you can choose what you want to do with your life and you can choose the job that you work for. And you can choose when you retire like I was talking about earlier. And some people feel like they just don't have enough money to retire and they end up working later and longer in life. And you know, I think it's good to keep your mind active. I think sometimes it's okay to be part-time at a job or whatever at a certain point. But I mean, you know, people want to enjoy their lives and when you have more money you can enjoy your life better. Whether again, it's buying nice things or whether it's just having the financial security where you feel like you could go to sleep at night and worry so much. So having more money means you don't have to worry as much really. And I found that's a common thread for people at any age. Okay. So how are you going to grow the money that you have? First of all, you need money to trade. If you don't have money you cannot trade. Okay. My class costs money. You need money to open up a trading account. You need money to trade. That's just period end of story. It's like saying we're gonna go buy a house and you don't have any money. Okay. You can't even buy a house and years and years and years ago they had those loans where you have 100% loan devalued. Those were crazy, silly loans. And that was nuts. Okay. You can't buy house without any money and you can't trade in the market without any money and you need to know how to do it. Because if you don't know how to do it, whatever amount of money that you have, you're gonna lose. And lose quickly too. And that happens to people a lot. Okay. So you have to be realistic. You have to have a plan of action and you have to decide that this is something that you really want to do and you want to know why you wanted to do it. Again, are you doing this for extra cash? You're doing it to support yourself? Do you want to buy something? You just like trading? You like reading charts? I mean, for me, I really do love chart reading. I love the skillset that I have. And after I'm done here we're gonna go over the chart today because I think I will have time to go over today's chart. I know Kathy said I definitely have to be done by 5.30 today. But I think what I'm done with the presentation here I'm gonna pull up the chart from today because it's a great example of conviction. Okay. I'm gonna go over the questions here before I go over this next chart. This is CCL and what's really, really funny about this one is I heard somebody today on TV say that this was a long. This was short. And again, they were talking about the fundamentals. This is Carnival Cruise Line. I can see the ships right outside in the Hudson River. And although it can be, it's a fabulous cruise line. You can go on vacations and everything is great. This stock right now has been a short and was a short and it's a short. And again, I don't follow fundamentals. I follow what the price is telling me and the price is telling me that the stock is dropping. So this was back a couple of days ago. The stock closed up here around 48 and change. Boom. Open in the morning here at 45.50. So this was on the 25th. This was on the 26th. Okay. And the stock fell and it was a short. Okay. So this was our day trade on that day last week. The entry was 44.72. Boom. And we got out again. Take it. Get out. Take it. Get out. Take it. Get out. Got the drop. 2,500 shares, 2,400 bucks. Almost pulled a buck out of it. I'm going to go back and show you where this landed. Take it. Get out. Take it. Get out. Do you see this? So here's the drop. So this again is all you need. One of these a day. One of these and you just get it and you get it at the right time and you get the shares on and you take it and you do it and you get out. Okay. And again this was an equity trade and you could have done a put two and you could have done both. So you could have done an option. You could have done a day trade or you could have done both. That was really funny because I was writing this webinar today and I had the TV in the background and so I was talking about this as along. So I mean when you're an active trader you don't need to go in and you're out. You're in and you're out. You're in and you're out. Okay. And that's all that you have to do and again you're pulling the money and taking the money from somebody else and that's what you want to focus on. You want to win. So the nice thing about trading is you work your on hours, you work from home and the only limitation to the amount of money that you can make is the amount of risk you're taking in the trade. You have to learn what to do first and then you do it. Okay. But again this is producing income. Rafa is writing something. You're typing a stuck to Kathy. I haven't seen any person's questions today. I don't know what's up with is there something that with hot com but no one that's typed in today. Every person's typing a stuck. I don't know but I can't see your question either Rafa. I'm sorry. Anyways, it's you that has to decide what you want. You have to want the money to get the money you have to know what to do. The knowledge is key. The focus is key. The conviction is key. If the goal is financial freedom okay combined with the money that's what you want it then you have to be serious about doing it. And again whether it's just by doing it for to buy nice things you're serious about doing it because you want to retire those are all good reasons but you still have to be serious about it no matter what. So what do I do each day? I get up in the morning and I measure gaps by rating them in the daily chart like I showed you the CCL the Alta and the Mu. Okay. So I'm looking for a high probability of directional bias for the entire day preferably. A big move in the day preferably. Early confirmation of the bias in the move between 9.30 and 10 a.m. which we got on all these ones here and precise entries with a follow through and a good risk to reward target potential. Again I'm looking for a good risk to reward it some go bigger than I think. Okay. Alta went way bigger than I ever would have thought. So sometimes you get bigger ones but again we try to go with the normal risk per day. Rafa, do you can hear me? Kathy is saying you have to press enter or the question will not come up so I can't see what you wrote. Okay. If you're listening to me. I think also a lot of people are very focused. My class is 64.99 it's $6500 and I think a lot of people are so focused on spending the money for their class and trying to get that money back in trades right away. While that's all well and good the fact is that your goal should be to learn this and not to make your money right away in one trader a week even though you could depending on your risk the goal is to learn it to grasp the concepts so you can make way more than $6500. Okay. The idea is if something is going to sustain you again I started trading in 2008 and even though I started in 2008 and didn't have all of my system at that point it took me three years to figure it out. Okay. And now here it is almost 2020. So for me personally when I started it was a time investment it was a money investment and it was me alone in the market myself. Okay. And I wish that I would have had a support system like I give to people now helping people calling trades the mentoring the trading room I didn't have any of that so it was a harder road for me but long term I'm glad I stuck it out to figure all this stuff out because I know what I do really well now and again it was the longevity that I'm saying you know what I want to switch careers I was doing mortgages I was tired of doing it and I wanted a new career and I was way too young to even think about retirement at that point so I wanted to do something that I could change jobs with because I didn't like the job I was doing anymore so you have to look at it as a time investment for me I lost money in the market I invested money in the market to figure out the system that I now teach people and I now use and it was a process what's the average risk per trade amount of money and how much funds the trading account to trade like you well first of all if you want to take an advanced trader risk and I consider myself an advanced trader number of years doing this okay a day trade any of these trades we're talking about here the day trades are a risk of an average of $2,000 per trade you do not have to risk that Rafa you could risk $100 a trade so I mean if you risk $100 a trade and make $100 that's $500 a week and two grand a month that's still money you do not have to risk $2,000 a trade I don't know why anybody wants to run out tomorrow and be me immediately that should not be your goal long term the couple of three months from now six months from now a year from now but I mean your goal should be to be positive and make money and be consistent now if you can afford to risk $2,000 a trade go ahead take the class and risk $2,000 a trade which is basically 10 grand a week okay if you can afford to but I think it's more important to learn it excuse me out of the get though okay so I'm showing here advanced risks again I've been doing this since 2012 what if you took half this size what if you only risked $1,000 a trade and then you made $1,200 is that not good enough what if you risked a quarter of this and made 600 bucks in this trade here at CCL is that not good enough of course it's good enough okay when you look at your account if you're trading right now actively they even the thought even the thought of being positive you know five days a week out of five days a week is like I don't know why it's so funny because again I talk to so many different people and everybody wants to make all this money right away people need to realize like if you're losing and then all of a sudden you're winning no matter what you're winning it's like it's like a whole new world for you it's like it's like somebody open up the floodgates and all of a sudden you see then what it can be what I found and I'm going to just go off topic here for one second I know we're tight on time today here but what I found is that what I found from talking to people is that people will go years and years and years losing money in the market and then instead of just switching gears and all of a sudden starting to be profitable like they want to try to make all the money that they ever lost for the last ten years back right away and I don't know why people are like that I have no idea I really really don't it's the way that you have to look at it the way that you have to look at it is that you'll turn the corner it's like here like pretend you're um here let me think of a good analogy say you're going somewhere and you are going somewhere and you don't know where you're going and you're driving and you're completely lost you just the GPS isn't working you don't have any wifi uh you can't get the map thing and you don't even have a full-on map and you actually seriously literally are lost you don't know where you're going okay you're lost and you're driving and you're with your friend and you don't have a clue and you realize you're lost and you get to be in panic mode then all of a sudden you're going and going and going and you find a road that you realize that's getting onto like a major highway and you say let's just get on this we're gonna get on this now and we'll figure it out from here and you get on say 95 or something and you get on 95 you're like oh my gosh we're on 95 we'll figure it out from here well we'll get we're gonna get where we need to go because we got on the 95 and we're on the major highway on the east coast and we're gonna figure it out we'll get to we'll get to the destination even though we don't have any maps we lost the directions the GPS is broken we're gonna find our way and then all of a sudden you realize you're on the right road you got on 95 and you're gonna get to the destination and that's really what people need to realize and so the right road is the strategy that you're gonna learn in my class if you come and do it the strategy is the road and I'm the vehicle to get you there okay so I'm the one that's getting you there with the system and I'm teaching you it but it's a system that's really which is the road so the system is the road so even though if you come to me you're on the road but you're not you're not to the destination yet you still have to continue on the road you have to make a couple of turns and it's gonna take a couple hours whatever it is you understand so I think people have to realize that once you turn the corner from being a losing trader into a positive trader that in and of itself just like being lost completely in the middle of nowhere and then finding 95 and then you realize life is now totally different and that's how people have to look at it because that's really what it is the fact that you found me the fact that you come if you take the class and you learn you're on the right road it's up to you then to drive a 95 and you know get to the next place that you're going to but the fact is getting on the right road is a meaner at the destination yet but it means you're going to get there you've got a shot whereas if you were still lost on the side road and not even on 95 yet you'll never get there and that's where many people are they're losing losing losing and they don't know a system they don't have a system they don't have a clue how to take a trade like CCL or MEW or anything else and they're completely lost once you go from losing to making money whatever the amount is you're on the right path so whether you risk $2,000 a trade or $200 a trade is irrelevant at the beginning because you just went from losing to find something that works it's turning turning the corner and it's getting on the right road and that is invaluable you pay the cost of the class for me but once you get on that right road you're finally on a road it's going to take you on the path of success and whether you're successful or not is totally up to you because you still have to stay on 95 and take the right turn to get off to go to meet your family or friends or wherever you're going I think that was a good explanation I think there was a good analogy did that make sense I hope it did was it good? Caby's not a trader but she said it was good anyways you can use the system like I said for day trading swing trading options trading and it's really a function of how much you risk but you can't risk more than you can afford and that's the point I'm trying to make to Rafa because Rafa you can only risk $200 if you can't afford $2,000 then why would you risk $2,000 you know what I'm saying it's about the consistency now we'll talk about this this was an option trade I called this buy I called puts in a spy way way a couple of weeks ago September 20th I called the 300 puts boom dropped fell this is a really nice trade now Rafa was asking about risk here I'm showing a couple of different risks for people again depends on the size of your account this is an options trade not a day trade where you pay the cost and this was pretty cheap cost of this was $1.40 $1.40 is affordable for anyone whether you're an advanced trader intermediate beginner so let's go to beginner for Rafa if you had a $1.40 cost and bought five contracts your risk was $700 exited five bucks what could you have made $1,800 that's a nice trade and your risk was only $700 and again this is affordable for pretty much anyone that trades it's a nice amount you could have even bought one and paid $140 and you would have made money you would have made $360 so an intermediate risk was $2,800 $2,800 you could have made over $7,000 really nice trade again cost of it and the trade itself you're going to go back I called this pre-market in the morning even though you can't take the trades till the open on Friday the 20th and I called the 300 puts and the market fell and again an advanced risk for an overnight trade is a little bit more because we're doing some I'm doing some that are a higher price like Amazon Googles so again doing this a long time but an advanced risk of $7,000 or you could have made $18,000 and we've had trades like this we've had a lot of trades like this this year but again you have to be able to afford to take the risk but even this risk here $2,800 to make over $7,000 that's a whole account for some people so and I call trades like this a lot so this again was an option I'm going to go back I called it on the 20th on this day here again we talked about this one closed here gap down boop and look how it fell okay so that was a nice downward move again it was a put but it was a short so we talked about this earlier how do you grow your money take stocks in the right direction trade the market be active build your account up if you have a small account take small risk chunk it chunk it chunk it build it up build it up each week and that's how you will get to the point that you can do this so I teach a class it's this weekend October 5th and 6th it's called the golden gap it's a 26 point professional bearish gap rating system the purpose of the system is to help you evaluate which gap to trade each morning using a checklist and this checklist tells you what to trade when and in what direction just like that market call is a good call the 26 point checklist predicts directional bias in a stock so it's one strategy whether you do day trades or options you do not need a general overall broad base view of the market to make money and you don't have to re-earnings reports and you don't have to study fundamentals okay which is really nice tons of people do that and they fail and they lose money just like I said about the people that were buying the CCL so you've got to learn how to read where's the money headed so you can take it and you get in and you get out and again you're not holding these forever you're taking them and you're in and out very quickly and that's how you make the money and 10 a.m. eastern time so if this fits your schedule you can block it out and do it and if you have a passion to trade the market then you may want to learn from me but again it's about getting on the right path many people are not on the right path no matter what reason they're doing this for they're all over the place they're lack focus and you must be focused if you want to make money because getting back to the slide with the tug of war the tug of war is real okay so I teach a class it's called the Golden Gap course it's this weekend October 5th and 6th 90 a.m. to 5 p.m. eastern time again eastern it's online you can be anywhere in the world and take it class tuition is 64.99 deadline is Friday if you want to sign up education is a gift to yourself you want to do this you're investing yourself to do it and move forward now let me bring up the chart from today really quickly hold on because I know where I'll have a couple minutes here let me pull it up we did we did the Mew today again and what's really hilarious is this did take forever but I will show you can everybody see the chart so this was the Mew from Friday and there wasn't a lot to look at this morning there was really like next to nothing but anyways I will say one thing if you did this in the morning I'll show you the trade and get out with money fine if you didn't hold it all day you get out with profit fine but I will say one thing this is how good I am at reading charts and talk about conviction this didn't stop out the whole day it got within pennies 43.47 was the high of the stock on the day and we had to stop at 43.55 man was that a good read on the numbers really nice read so again I'm very good at reading numbers I'm just so good but let's go look at what this was in the morning I think a lot of people got out of this pretty quick in the morning I expected a bigger drop in the morning then I kind of realized I missed the quickie but if you held it all day you still made money now here was this let me actually squish it and any questions write it in the room I'm trying to squish this to get the whole day in let me see if I can do it so this is a one minute chart of the new okay so anyways we did this here in the morning okay and we got the drop fell dropped okay this is today and we were in this it dropped the stop was all the way up here and it never stopped out the whole day so again you could have shortened the 90s and got out in the 60s which was the drop in the morning the low of the day was set in the morning actually I was expecting a bigger move it didn't happen but it was still a profitable trade if you get out in the morning fine if you get out into the clothes it was profitable but I want to show you how good I am at numbers here at Reading Price Action this never stopped out this was red this was green this was green this was red on the daily chart and the market ended up being green today even though I have to look at here how we close later but long story short we never got stopped in this this was a profitable trade even if you ran it all day this was the quickie exit though boom doom but we were really I mean I was trying to find something to do today there was Mondays or slow we're just getting into the period of the busy season here in fall and let me see if we're doing anything here tonight but any questions from anyone I just want to see where we're at tonight not really anything here any questions from anyone at all so again I'm going to go back classes this weekend if you want to sign up if you would like a trial to here's the information if you want to email me here's my email melissathestalkswitch.com if you want to trial for this week email me does anyone have any questions about anything else Rafa did you have any more questions Al we lost him he never came back I don't know what happened to him Kathy I know we had a question and then he kind of just got lost Kathy is the support person for us so I think it's going to be an interesting fall there's a lot of political stuff going on in the market man it's going to create a lot of volatility so it's interesting times I think next week will be a busy busy busy week the meeting with the Chinese delegation about tariffs that's the 10th which is next week tomorrow's October 1st can you believe it three more months in the year it's 2020 this year has flown by people but it's been a good year and again I've been very focused and every day I remind myself to be focused you can get caught up a lot in the craziness of the news and everything but when you train and when you're risking money you have to be focused and again that's also why we use stops okay thank you Kathy alright listen have a wonderful night everybody get a good night's sleep if you're interested in the trial email me at Melissa at thestopswish.com if you're interested in the class email me too you must email me for the sign up forums and have a great evening thank you very much you're welcome hi everyone I want to thank you for coming to Online Traders Center hi everyone I want to thank you for coming to my two computers and I always forget I've got my second computer and so can see all the questions anyway I want to thank you for coming out tonight we know that all anybody has is their time and we really appreciate that you spent so many years here with us tonight it's that come on they're not out there trading and Melissa is having an open house this week all the links that got you in here today will get you in tomorrow I'll be sending the email out again to invite new people you don't have to register again alright and that was a good analogy with 95 that was actually very spot on but yeah you don't have to register again if you're here tonight I will be pushing the date along so the same link that connected you to this room will connect you to her live room she opens it at 830 she usually doesn't get on the mic or put her screen up so a little after nine sometimes maybe like when he's 930 because she's studying the market so don't get it confused I have more people thinking that they're supposed to here or see something 930 she gets going with her commentary okay everybody have a great night ahead good day trading tomorrow don't forget to be at Melissa's room tomorrow I will make that happen for you if you have any questions email me to com I will be posting Melissa's information one more time so that you can get a hold of her if you have any burning desires to ask for something after we close tonight and before the open house tomorrow there you go alright have a good night ahead take care bye now