 Go ahead and lower the curtain just for a moment so that I can go ahead and get the audio and the visual all set to go and we'll be back to you shortly. Okay, so the curtain is down, Melissa. This is Raleigh White. How are you doing this afternoon? Good afternoon. Hi there, Melissa. I hear you in the background. You're a little bit faint. Maybe you could turn up your mic just a little bit. Okay. That's much better. Can you also see the pointer? Okay. And also, I see your slides perfectly. Make your living trading gaps. That looks super. Melissa, just a couple of things. I've got a very short introduction that I'm going to make for you and then I'm going to turn things over to you. And I also thought I would share some relevant statistics about the webinar today. We had about 1,300 people registered to say that they would attend the event. We had about an additional 700 or so that said they couldn't make it, but they want us to send them a link to the recording. So all told we have about 2,000 people that said they're interested, you know, in our session here and obviously we're going to follow up with all of them at that point at, you know, as soon as the session is over. I thought it would be interesting to have that background because I noticed it online. We only have about 88 to 90 people. That number does tend to fluctuate, but we are going to be reconnecting with about 2,000 people with a recording in the presentation. And let's see here. Melissa, let me see. I'm hearing feedback from me primarily, I think. Let's see. Melissa, sound check. 1, 2, 3. Oh, yes, I do see the red dot. All right, terrific. Well, if you're ready to go, Melissa, I'm going to raise the curtain to a short introduction and we'll take it away. Well, hi there, folks. I'm back and we're coming into the home stretch of the trade-a-thon today. Our next presenter is Melissa Armo. Melissa is a professional trader and founder of the Stockswoosh, and this is an educational firm that is started in December of 2012 with a very specific mission of empowering traders with a complete and detailed education to become profitable traders. And in this regard, she has designed courses to assist traders with the knowledge and help necessary to accelerate their journey and maximize their true potential of becoming highly successful and consistent in the markets. And with that, please join me in welcoming Melissa Armo to the trading pub and her presentation today on making your living trading gaps. Melissa, the floor is now yours. And the exciting thing is actually, in a few slides here, there's a trade that I'm going to talk about that's happening tonight that you could take tomorrow. I did some investigation because I usually watch the market post-market. So since I was on late tonight, I was watching some of the earnings this evening. So we're going to talk about one of the gaps that's happening live right now tonight. So all of you that are here for appointment live presentation are going to get a call by me that you could trade in the market tomorrow if you day trade. So my name is Melissa Armo, and I own a company called the Stockswoosh LLC. And tonight I'm going to talk about making your living trading gaps. Now, let me just see here, how do I go to the next slide? There we go. So I started my company at the end of 2012, but I actually started trading at the end of 2008. And like many, many people, I had no idea what I was doing in the market, and I started trading and risking my own hard earned money. Now, at the time, I was doing mortgages, which I did for a long time, but the industry was changing. So I wanted to find a new career. So I essentially decided I wanted to trade for the idea of making a living because I wanted to find a new career. And I was very excited when I found out about day trading because I found out that actually you can do it from your home. And I had been a broker for a long time and I did that for my home. So I like the idea of working for myself. However, trading is a very different kind of job because you don't have a set salary and you go into the market every day and you don't know how much money exactly you're going to make. You also have to have a very specific reason for taking the trade. And as time went on, I learned that I had to be focused. So I ended up deciding to focus on gaps, and that's what we're going to talk about today. If you'd like more information after the presentation, you can email me at melissathes stockswush.com. And you can also feel free to call me if you'd like if you have questions or follow me at Twitter, Facebook, or YouTube. And I have a lot of market calls and reviews that I put on my YouTube site. So the end of the year is coming up. It's really hard to believe. It's almost 2016, soon going to be the holidays. And it's time to look at really evaluating your career path. And many people are not really happy with what they're doing for a career. Or maybe they think that they're not making enough money. It's a good time at the end of the year to think, where are you at? Did you earn the money you wanted to earn this year? You know, are you getting paid for what you're really worth? And not only that, do you enjoy what you do every day. Not everyone enjoys their career. Now I did mortgages for a long time. I've got to tell you, I didn't, I didn't really enjoy it. I love the money. That's what I loved about it. The nice thing about trading is that I actually, not only do I love the money, but I actually like doing it. And so that's very gratifying for me because for a long time I did a career that was good income, but I didn't like it. I actually love trading. I love charts. I love analyzing charts, like looking at the gap tonight. It's fun for me. So I think you've got to love the market if you're going to do this thing for a career. So one of the benefits of having the dream career, which I feel like I have right now at this point in my life, is that I have freedom of time. I trade in the morning. I'm done very quickly every day and in my own bus. And I also have a high income potential, meaning the more that I risk, the more that I will make. And as I was saying, it's something that I find fun and enjoyable. Now at the beginning, when I didn't know what I was doing, it was challenging for me. So there were days where obviously it wasn't fun and I lost, but I found the challenge of it to be still stimulating for me because I'm an intellectual person. So again, if you are an intellectual person and you like that challenge in the market, it still can be fun to do it. And also it allows time for leisure. I have all my afternoons free and obviously I'm not working on the weekends unless I'm doing a class. So it's a nice job because you really only report to yourself. So one of the things that we're going to talk about a little bit here today, and this seems like a tiny chart here. And hopefully you can see the red little pointer dot, but this is a chart of the QQQs. This is the ETF of the market. I usually look at the QQQs and the SPA ETFs when I'm trying to look at the overall market direction. But I specifically trade stocks in the U.S. market and you can trade gaps in ETFs. Now, the market had a phenomenal gap. This was back in August 24th. This happened actually in almost every chart that existed in the market. When the market gapped down, a lot of stocks gapped down with the market on this day. People called it a market crash. This really wasn't a crash because in my definition of a crash, a crash is something that happens in the live market day. This happened in the gap. The night before, the market closed up here and then it actually in the pre-market gapped down 10 points. This was on a Monday. So between Friday and Monday, the market gapped down 10 points. We have not broken this low since that bounce off the tailing guy here, which was a big tail by the way. And actually this is the low of the year probably for the market. We're set to make a new high, which I did predict and I've been predicting for like the last year. Even though the market seemed a lot of people to be sideways or somewhat bearish this year, especially in the summer, and especially with the smooth of the market had here, I was predicting we would still make a new high and we're going to. And I don't know exactly where we close today, but we will. Now, how is I able to predict that in advance because of the fact that I'm able to read gaps that happen in charts? This is a chart. This is a daily chart of the market. Down here is volume. Here is the price on the side. I have only a couple of moving averages here. This is a 200 per moving average. It's a red line. The black line here is the eight. The green line here, I don't know if you could see it as a 50 per moving average and the blue line is the 20. And that's all I use on my charts. And then I have the candlesticks and I like to have them filled in. These are Japanese candlesticks and really what they do is depict the price in the market. So I use this information to decide what I'm going to trade every day and that's it. I don't have any special indicators or software or anything that I do besides just charts. And then I have a live level to order entry platform system where I take my positions and I get out. And as I said, I'm a day trader. However, the nice thing about gaps, and we will talk this in one of the examples today, is you can trade gaps for longer term trades. You can use them for options or for swing trades if you want to. And the market is a great example of this because I called the market long. If you wanted to take the market long overnight, you could be in it. Actually, you could still be in it or you would still be in it. So why trade gaps? Well, trading is a career that can offer you financial freedom to film it and not only that happiness and maybe because the fact that you're not reporting to a boss and you're not working any 10 hours a day. And the market is even open for eight hours, but I'm just saying I'm done like in the first half an hour, hour. And so you can have the life you want, which is not only a good income, but also freedom of time if you can develop the right skills to become successful in new industry. Now, I find that a lot of people have the challenge of switching careers, like going from one thing to a completely different thing. But if you're doing something you don't like, what choices do you have? You could continue doing the same thing you don't like, and the money, if you're not making enough money for 10 years, more are longer until you retire or you say, gosh darn it, I don't like what I'm doing. I'm going to learn something else. There's a learning curve, there's a process. No one rolls out of bed and starts making money as a career in the market. But the point I'm trying to make and what I'm going to talk about here today is that it can be done. There is a process. However, if you learn from someone that can mentor you, for example, like me or other people out there, you can get there. You just have to start somewhere and go through the process of doing it. So here's the gap that's happening live tonight. Why trade gaps? You get them every day, every day, and you get them at night too. So I don't trade in the post market because it's like the wild, wild rest. But I just quickly got this chart in here and I want to show you this is the post market. After four o'clock Eastern time, this is GPS, it had earnings that reported tonight. So here was the close. So we closed like around here and if you could see this red dot, like around 25 something or whatever it was. Then this big bar happened. This big bar happened all the way down. The low was like 23, 60 something the last time I checked. And then it was bouncing around. If this gap holds in the gap down tomorrow, this is a good short. So here, let me just show you the next one. This is the live gap happening. This is the daily chart of GPS. So what I do is I look at the gap. Now I usually look in the morning, but I looked tonight because I actually knew this was had earnings and I had a feeling that this would gap down. So I was preparing myself tonight. I rated the gap. I have a method that I use to rate the gap on the daily chart to determine if it's a shorter long. So I did it tonight for those of you that are here. This is what is called, you know, live, live TV. You could short GPS as a day trade tomorrow. I'm going to, I'm going to give you the numbers right now. This per my system rated 22 points. The dream target in this tomorrow is $22. I don't know where it opens until the morning because it could open anywhere between 7 a.m. and 9 30 between the market opens in the pre market. But the dream target in this is 22. And actually that's a realistic target really. I should say 20 is a dream target. But I think this could get to 22 tomorrow. It really does have to hold $25 though is the resistance 25 25 or $25. In fact, I'm just going to write this here in the room. GPS equals 22 points. And here's the targets. And I actually wrote down a few targets here. So I'll just give you all of these for the people that are here. This is a short. Okay. So you'd be looking to short this tomorrow in in the actual live trading day. Not in the pre market. Now I some people do like to trade. I mean the pre market, but I just don't because I feel like I don't have enough control. And I like to take my position and put in a stop, which I'm going to show you in some of the trades. Now I will tell you a significant area for this though is called something called a break. And it's this number here. So if you're watching this in the morning, if it breaks that number, it's going to fall off a cliff. If it breaks that number to go to 22. Okay. So there you go. Those of you that came tonight because I don't, I don't think anyone's going to get the recording by the time tomorrow morning rolls around the market opens again. You could short GPS tomorrow, but it really can't cover 25, really 25, 25, but really $25. That's the resistance in this. So the thing I like about gaps is you get them every day and you can get it. You got a lot of them. Now personally, I like to just pick one and focus on one. And personally, I also like to focus on the shorts, although you can use my system and go long and flip the points. Now, why also do I like gaps because they happen fast? For example, that stock GPS will probably set up between 930 and 949 45 tomorrow morning hit hard and could go to the first target of 23 by 10 o'clock Eastern time. So you could even make a dollar in like 15, 10 minutes in that very fast in the morning and you could be out. And if you want to stay in it longer to get it to another number, you could. But what I'm saying is that the setups happen quick and therefore the profits, profits happen fast. And so you don't have to train all day, which is a huge benefit of the strategy that I do. And it's really you can make decent money on it. And so it's like part time work for full time pay because you get paid on the share size. For example, if you would short 3000 shares of GPS tomorrow and it drops a dollar, you'd make $3,000. And that's a lot of money if it happens in 10 minutes. And that's what I love about gap trading. It has a lot of volatility momentum. And also, as I was saying earlier, you could work from home. And it also can help you if you learn how to trade to save for the future because as I was talking about earlier, you can do long term trades in things like the market or even the stocks to hold them overnight. So if you learn how to trade the market, you can be your own boss. You can set your own schedule. And not only that, it's a very comfortable income. You know, it depends what you're setting out to do. But for example, $500 a day is $2,500 a week. That's 10 grand a month. That's over 100 grand a year. I mean, that's enough money for people to actually pay to support themselves as their job. And so I think that it's one of these things where you have to decide how much do you need to make, and then you back it off with how much you want to risk. And then you work yourself up to that point where you feel comfortable doing the strategy to get to that point to have the money that you need that you could change careers. It's important to have a sustainable trading method that is consistent in the market that sets up daily for you to do this to rely on as a career. If there are other strategies out there that people can do, but if they don't happen on a regular basis or have these kinds of moves, you can't have the type of money and profits that's going to sustain you to pay your bills, which obviously everyone has bills they have to pay. They have to pay their rent. They have to pay their mortgages. They have to pay their car payments, whatever. So if you want to trade for living, you need a strategy daily that is number one reliable. You know you're going to get a good one on a regular basis. Number two, it sets up often. And number three is a good risk to reward payout. Now, what do I mean by risk to reward? I mean for every dollar that I risk in a trade, I'm usually looking to make three. Sometimes I make one, sometimes I make two, sometimes you make 10. For example, if GPS sets up tomorrow early, I mean between 9.35 and 9.40, and goes to $22, it'll probably be a 10R trade. Meaning for every dollar that you risk, you'd make 10 risk units. Because it's a $2 target if it opens around 25-ish. So this is the type of thing that I'm looking when I'm picking my gaps. And again, I'm picking them in the stocks, although you can use them for ETFs. And I'm day trading them, taking the equity position. Now, when I started out, which again seems like a long time ago, it was the end of 2008, it's almost eight years now I'm trading. I felt very frustrated because it did mortgages for a long time and I was very successful. And then that industry changed and that's what made me feel like I had to find a different career. But this is a lot of the same thing for a lot of the same people. Today's world is just not the same as 25 years ago or even 10 years ago or even five, six years ago before the bank bailout. What we think is a secure job today may be gone tomorrow. And this is where we have to kind of rely on ourselves. We have to rely on ourselves and what are we going to do? We have to be great employees, productive, outgoing, hardworking, and it may not even matter to our employer. In the end, if a company can't keep you on or if a company isn't making money or if they're not doing well, you may not get annual raise at the same cost of living or bonuses if you're used to or overtime. All of these things that people took for granted, many companies aren't doing anymore. So if a company has poor management, they may fail and it has absolutely nothing to do with you and you may be a productive, intelligent person. Well then, what are you going to do? And the nice thing about trading is it's extra money coming in, you're learning how to do it, so you'd have something else to fall back on. And I wish that I had learned how to trade a long time ago, like in my early 20s. And then I was forced to change careers. So what I'm saying is, you know, if you like the market and you love to do it, even if you like your job right now and you're happy, maybe you'll learn how to do this thing just in case for retirement, for extra money, for savings, because it doesn't take a lot of time to do it every day. But you can work for yourself if you really want to do it for career in the market and create basically your own job security. And it creates the extra savings. But you've got to take it upon yourself to learn it, okay? And be excited about doing it as well. So one strategy is all you need, but it has to be a quality one and what I focus on, like I said, is gaps. And I named my system Golden Gaps because it's like finding gold in the market, just like GPS that I just showed you tonight. That's a golden gap. I'm going to short that tomorrow. And could it go over $25? Yes, it might, but probably not, okay? So what am I looking for when I say a golden gap? A golden gap is a gap that moves in the direction of the gap. So for example, GPS is gapping down, I'm looking to short it. So I have a system where I look at where it's gapping. If it's gapping down, I'm trying to determine if it's a good short, okay? Who makes golden gaps? Institutions. It's institutional money that makes and creates the gap. Some institution, bank hedge fund, whatever, is selling into the pre, post market tonight, started at four o'clock selling GPS and maybe shorting it too. So it's selling action and shorting action that creates the gap, but it's institutional money because that stock closed, like I said, tonight around $25. And at one point it was a 23-something. So it had actually a $2 set off that happened in that big, large, dimungous bar. And there's only one thing that can move a stock like that with volume. It's hedge funds and banks and institutions in the market. And that's what my system pinpoints because that is how you're getting the momentum. You're just writing the coattails of the institutions, whatever they're doing. Now they may buy gaps, but that's where my system comes in because I don't want a short, a gap down that's getting bought. And this is where I invented a way by looking at the daily chart to determine if it's going to flip, okay, or if it's going to continue in the direction of the gap, which is what I am looking to do with it. And in the case of GPS, I'm looking to short it. So in the case of a bullish gap, say a GPS was gapping up. It's not, but pretend it was. In the case of a bullish gap, institutions are buying the stock. Therefore, the stock moves higher on the trading day. In the case of a bearish gap, institutions are selling or shorting the stock. Therefore, the stock moves lower on the trading day. This is just a simple explanation to describe to you what's happening in gaps. But it's really about high probability. I have a system that's a scoring system that tries to pinpoint that there's a high probability it's going to work in the direction of the gap. But it uses advanced technical analysis. Okay, I said to slow down. Sorry, I get a little, I get a little excited. I'm a little excited about GPS tonight. And I have to wait 24 hours or actually, no, not 24 hours, but about 16 until the market opens. That's funny. Thank goodness you told me to slow down. I just would have just gone and gone and gone and gone and gone. See, it would be better if you could see me live. Or I could see you live too. Anyways, I will try to slow down. Thank you for telling me. I'm not trying to get a perfect score. I'm trying to get a 20 rating. So I have a 26 point system, but I don't need 26. I need 20 or more. So what does that mean? Well, GPS got a 22. So it's good. If I had rated GPS and it got a 17 that I wouldn't be shorting it. Now that doesn't mean you're going to buy it. Okay, but it means it's probably not going to work out as a short. So that 20 number is the gauge that I use to determine if it's a good short, if it's gapping down, or if it's a good long, if it's gapping up. It only takes about five to 10 minutes to rate one gap if you're new. For me, it takes like less than five minutes. I've been doing this for like a set of almost eight years, but it sounds like a lot of points, but it's really not that long to do it. And you just have the checklist. And once you get used to doing it, obviously it's easier over time. And this is where the process comes in, where you're doing it every day, Monday, Tuesday, Wednesday, Thursday, Friday. And you practice doing it. It's like riding a bike. And then you get good at it and the faster you do it. But you're doing all of this before the market opens. So you don't have to sweat a bullet and rush around before, I mean, after the open, you're doing this when you get up. Like you could, you could do it now. I mean, I did it for you tonight. But I'm saying you could get up at 830, 845, 9 o'clock, you're getting ready before anything even happens. Okay. I definitely love what I do. I sustain. I love what I do. Yes, I'm on Facebook as well. So my method is a professional bearish gap rating system that I look at 26 points. The purpose of the system is to help you evaluate which gap to trade each morning using a checklist. And the reason that I developed the system, as I said, is when I started out trading at the end of 2008, I realized the market was an overwhelming place. And there were so many stocks every day that were moving and trading. And I didn't know if I should go long or short. And there's so many strategies out there. And obviously there was a million people today that spoke and probably many different strategies. You really, it doesn't even matter what you do as long as it works. But what I'm saying to you is, and again, this is the takeaway from my presentation tonight besides the fact that you got to love what you do in the market, is find something that you really get good at. If you get good at one thing and are making money, you don't have to do anything else. But if you want to do something else, fine. But don't be doing a million things if you're not even good at the one thing. Okay? Because you only need one thing to make money to do this for a career. And I have proven that. And that was something that I learned very early on because I was all over the place. And it was like the days that I had losses when I started out. I had so many different strategies I did on the day in so many different directions and so many different ticker symbols. And the biggest days that I ever had was one symbol and one trade and one system and one direction. So I'm sure some of you know this. I'm sure some of you know this just from trading if you've been trading for a while. So I use a checklist. I just go off and I check it. And it gives me a high probability of success. And I think everybody needs something to give them an edge. I don't use indicators or special things. I like my charts very clean to look at the price. But you got to have something that is going to push you over the edge to give you that extra oomph so that you can be successful with this. For me, it is my 26-point checklist. And I've been teaching people now since the end of 2012. And I've taught people to be successful with my method in the market and they stayed with me. Now I run a live trading room where I call my trades out live. You can do them with me if you're in the room. Okay. Which people do. Now I've taught the class to people and some of them are trading by themselves because they don't want to be in the room and I've taught them everything they know how to do. So it's really up to you. How do I find the gaps? Okay. Everybody has asked me. Well, everybody has a system where they're entering their orders like a level two with the charts. This is just a scanner that is automatic that comes with the platform. It's free. You can buy a separate scanner if you want. There's so many out there. Again, I don't sell any of this type of software. This just comes for freeing with my charting package and it lists the active NASDAQ stocks, the gainers and the losers. Because I'm looking at the shorts, I look at the losers in the NASDAQ here and the losers in the New York here. So this is 40 picks that I could look at tonight if I wanted or even tomorrow morning and go through and you just rate them all. So you could rate 40 things if you wanted to the downside and then here's the upside. Okay. Now sometimes things gap because of earnings which is the reason GPS is gaping tonight but sometimes things gap for other reasons too. Reasons that have nothing to do with the actual earnings. Sometimes it's a news gap. You never know, okay? But it does have to be gapping. It could gap in the post market like tonight or it could gap in the pre-market. So how can you make a career out of this because you get a lot of gaps? In earnings season which we're in right now you get three to five a day. Yesterday was just ridiculous. Target was a good play yesterday. Q-com was a good play yesterday. GPR row was a great play yesterday. There were so many good plays yesterday. You could have done everything and more. It's earnings season right now and so there's so much money to be made in what I do and gap trading and you want to make the money when the market's busy and you don't want to trade when the market's not busy. For example, next week is the Thanksgiving holiday. The market is open Friday but we'll be dead and probably we'll be dead on Wednesday. You know what's interesting? Because of what the market's doing, I wouldn't even put it past the market to rally and make a new high over the holiday week which is really bizarre but we're probably just going to rally straight on up now and get over the high and that could even happen over the holiday when there's low volume. But anyways, as far as a day trader you really don't want to trade when there isn't a lot to do because you get trapped in stuff every week. You do it and you play them and you get it. Now, in non-earning season you still have gaps every day and you usually get three to five good ones a week so you don't get like three to five a day. You may get like one a day or two a day and then you narrow it down and you rate the gap. I'm talking about ones that would rate twenty or more. You get tons of gaps every day but you don't get the good ones and you're only going to make money on the good ones. So a quality gap, like I said is one that rates high enough to trade based on my twenty six point system. So I'm trying to make three dollars for every buck. Now, do I always do that? No. I'm going to go over trade from today. I did not make three dollars for every dollar risk today and the trade that I did today I shorted BBY because it went with the target in an area and then I got out. So, but when I figure it out, like I did tonight in the GPS I'm figuring out the targets, where it's scathing and my plan of action is that it has the potential to move to that number. Now, do I know absolutely it's going to? No because I have to wait till the open. I have to wait till 9.30. But in the morning or at night like now I'm trying to figure out everything to get prepped and ready to go and then I have to wait till it opens to see it because like I said, I'm not in it until it actually opens and I'm looking for a good target and that's what I'm trying to do. I don't want to make a half-risk unit. I don't want to risk a dollar and make 50 cents. I don't think that that's worthwhile. It's not that you can't make money doing that, but you will have some trades that lose and you got to cover those and then obviously your platform costs and room costs and things like that. So you really have to be looking for stuff that's going to move. A dollar or more. Two dollars, three dollars. And I have found the best stocks are actually not that expensive. I love training stocks between about 10 bucks and like 45 dollar-ish and I'm not saying I won't do something 70 dollars or 100 dollars or more, but like you will get stuff that moves 2 to 4 dollars in that range and it's an affordable range. Today trades to take the positions with leverage. I rate my gaps in the poster pre-market using the daily chart. So let's look at this past week. Now tomorrow is Friday so we can't talk about tomorrow, but I did just tell you. I just did tell you what the good one is for tomorrow, but we're going to go back to the last week of the trades. Today was BBY. Okay, so here, for those of you that don't know what a gap is, let's go over that first. So the stock closed. This is a one-minute chart of BBY. So it closed. This is Wednesday night. Wednesday night, which was last night, today's Thursday. It closed like around this number up here. It's very, very small. It was like 31 something or whatever it was. Then in the morning I got up. This actually had earnings today and it gapped in the morning. Okay, so you wouldn't have seen this Wednesday night. It happened Thursday morning, which was this morning, and then I got up and I rated the gap. So this is a one-minute chart. So this is the close at 4 o'clock and this is the 930 bar. So in this movement is where the gap is happening. All a gap is is when a stock closes at one price a night before and opens at a different price the next day it's gapping. That's all that a gap is. It could be gapping up. It could be gapping down, but like I said, I like the shorts. And the reason I like the shorts is because they move fast. Panic tends to come into a stock faster than buying. For example, this market. This market is so amazing. And this is one of the reasons why the market is going to take off like a rocket and never look back and go to some crazy number, which could be over the course of the next one to five years. But people are not really heavily buying the market right now, but they're gonna. They're gonna when everybody knows, which I already know because I understand gaps and that's how we're reading the market so well, is people think about buying. They're like, should I buy? Maybe I should buy. Let me think about it. Should I buy? Let me think. Let me just think about some more. And even traders will like that. Even regular people will like that and traders will like that about going long. Even though regular people love to go long more than long to short. And I have no idea why maybe conceptually people just understand going long or buying. But actually shorting is very easy to understand. Okay. You're betting that the stock is gonna go down in price. That's all that shorting means. And so when I got up in the morning I looked at BBY. I was betting that the stock would drop. So I shorted it here. Got the drop. Boom. And I got out. And that was a beautiful call because guess what? It ended up flipping later in the day because the market rallied hard. And BBY then flipped. But I made money on the short side of it with an exact entry and eggs in it. And it was a great call. But I bet it was gonna go down. It didn't go to a bigger number today though because of the market. But in reference to shorting getting back to what I was saying panic will come in because people have no thought process involved with fear. They are long a stock. The stock gaps down overnight. For example, say you are long GPS right now what are you doing? You're in panic mode. You might be selling out of your long position right now at 538. You might say oh my gosh what should I do? Maybe I should wait till tomorrow. Maybe I should wait. What should I do? Probably you'll wait till the open because you don't know what to do with yourself. You're in panic mode. There's no panic mode with going long. Now I'm not opposed to going long. You can make money going long all day long. The market is long. But I'm just saying people think about it and think about it and think about it and think about it. You don't think about selling when you're down money and so I like too short as a day trader and there's a lot of money to be made as a day trader to the downside. If you know how to do it which I do and I'm teaching people in the class because panic sets in fast and the momentum sets in fast and the moves that happen are quick and fast and you're done early and you make good money and you don't have to wait forever for it to set up and go. Okay? Anyways, this was the BBY so the entry I shorted it at 29.30. Stop was over 29.60 so it was a 30 cent stop and I made $1,500. Now this was not a 3R tree but I was really happy that I got out of it there which I knew to do and I also made this money in 7 minutes. So not only is this a way to make a living because $1,500 is $1,500 and a thousand dollars a day even is 5 grand a week. Okay? And that's 20 grand a month and that's 200 grand a year and that's enough money to live on. But the thing is that it's the quickness of it too. Okay? It's the speed of the execution and here's my, you know, the money I made in this today. Okay? And the thing that amazes me about this one today and the whole room made money because I screened Get Out was that this actually ended up getting bought later in the day and it got bought because the market rallied so strong and it came into an area that was a target and the market was strong today and a lot of things rallied today with the market but later. Okay? Again, I'm looking to play this beginning period. All right, let's go into the next one. So that was today, which was Thursday. So the other day was urban. This was another gap down. We are on again a one-minute chart. I train on a one-minute chart to take the entries. I pick the gap on the daily prior to the open or at night like I did in the GPS tonight. So this was urban. It closed up here the night before and then it gap down here in the morning. So this is four o'clock. This is 930. Again, that's all that a gap is. And then I'm waiting to short it. Okay? Because I rated this gap and it rated good as a short. So here's the move right in here. So this is 930. Do you see this? This is the short move and boom, you're out. So this one was an entry. I shorted it at 1980. Stop was over 2010. So the risk I'm taking is the differential from the price I'm shorting to that and where the stop is. Okay? So the risk is 30 cents. So for example, if you take 1000 shares, you're risking 300 bucks. 2000 shares, you're risking 600 bucks. 3000 shares, you're risking 900 bucks. That's the risk. If it would go over 2010, you would be out with a loss. Okay? So the stop is the protection. It's like the insurance. It ensures that I will lose no more than this amount that I'm sizing myself for, which is 30 cents. So this again is something that is really I don't know why I actually have no idea why and I never realized this until I started teaching the class. But people really struggle with position sizing themselves correctly. In other words, let's just say you have three good trades. One trade works. You risk 300. One trade doesn't work. You risk 600. Do you see how that skewed? You have to risk 300. 300. 300. 300. 600. 600. 600. 600. Every trade that you take, the risk amount needs to be the same, but the stop won't be. So you have to determine that because the money amount monetarily needs to be so that your results are equal and consistent if this is what you're doing for a living. The risk amount monetarily needs to be the same. The stop will not always be the same, as you'll see in the examples here today. But you have to size yourself with a calculator before you take the trade. Or I do it in my head because I'm good with arithmetic. And if you're good with numbers, you can do it on your head. 30 cents right away. Boom. 1500 shares for 50. And this is how you do it. Or you can have a calculator. But that really is something that I find that people don't know how to do. And then they kind of mean they learn how to do that too. Because you might even be doing something right now and actually you might actually be able to make money in something and you're not even sizing yourself right when you think you're losing. But it's just because you're not sizing yourself right. So think about that too. This is all part of it. This is why you have to think of it like a business. How much am I risking? How much am I making? Where am I going? Where is the target? Where am I getting out? Anyways, the profit in the urban was 2400 with this exit. And this went a little bit down too and went to 20-something, 19-20-something. This was a good trade too. This is a 2R trade. But again, 11 minutes. This is a shorting concept. Boom, boom. Okay? The concept of the sell-off happening quickly, quickly, quickly to make the money. If you had a choice to trade all day and make $2,400 or trade for 10 minutes and make $2,500, which choice would you choose? I would choose to make $2,400 in 10 minutes. And actually if someone said to me, Melissa, you can make $3,000 or $3,500 if you trade for six and a half hours and you know what I'd say? I'll make $2,000 and trade for 10 minutes. You know, you've got to have a life, you know, it's two. And when I did mortgages I worked so many hours and had absolutely no life. Oops. And I don't want that anymore. So the great thing about trading is that I'm making money quick and I still have a life. Now, let's look at this one. This was from yesterday. This is the GoPro. So this closed the night before. Again, we're on a one-minute chart. It's a good one, too. 930, 931, 932. It's a one-minute chart. Before this even opens I know I like it. It's a good gap. I know the target's $19. I know I'm going to watch this one today. Okay. Actually, this was not a gap on earnings. I forget the reason for the gap but it wasn't an earnings one. But I saw like gaffing in the morning. And here was the short, right there. And boom. Now, it went to 19 very quickly but I will tell you that it actually went a little bit more. So here's again, you could have held it more but it was to the target. You're out. Price of the entry was 1985. Stop was 2010. Again, if it had gone over 2010 you would have been out and you would have been out with a loss. This was a good risk, 25 cents. So, if you had 1,000 shares it's 250 bucks you risk. 2,000 shares, $500. And that's how it goes. So if your goal is to make $500 a day, again, you very easily make that number if you risk anywhere between $3,500 even. That's only even one one and a half hour. Now I'm risking more than that but I'm just saying if you're starting out. But if you did this with an advanced risk and held it to 19 it was 4,250. This was a great trade because of the movement because it moved almost a dollar. It was a 3.4 and again you're looking for 3. So I knew 1919 and actually it broke 19. Total time in trade about 10 minutes. For some people to make $4,000 in one trade is an entire week's worth of profits of work and you don't even have to do anything else. Now let me see, Vinny here has asked me a question. Do you go to a prop firm for leverage? Assuming you're trading based on shares. I personally traded a retail firm but you can trade at a prop firm. Yes you can. There's many different options out there available for people. However, I'm trading with leverage but it's 4-1. You can trade with leverage of more than 4-1 at a prop place. You have to check the different places out there and I do your due diligence on checking places no matter even if you go to a retail place, okay, either way. Nir, how would you like me to elaborate? Nir is asking me to elaborate more. I'm going over some of the trades in the last week. Tell me how you'd like me to elaborate. I can't bring up my live charts with the PowerPoint. I didn't download the right thing for that. I can go over whatever I can with the charts I have up. The scoring method I actually teach in my class. I couldn't go over that in an hour, Nir. It's a 16 hour class. So I'm not sure exactly I answered enough time here. I only have another 15 minutes to talk. I do have tons of videos though, Nir, on YouTube. If you want to go watch my videos on YouTube, you'll learn more about what I do because of the... I mean, I have a thousand videos on YouTube. What am I looking for to happen during the first 15 to 20 minutes of the trading day to confirm a trade? Well, first of all, I'm looking for to meet the rating or I'm not even watching it. So boom, that's it. I'm going to be watching JPS tomorrow despite the fact that it earnings if it didn't rate over 20 and it rates 22. So that's number one. Secondly, I may not wait 20 minutes. Robert's saying, what am I looking for? I may not even wait 20 minutes. Some of these trades have been at 9.31, 9.35. So I'm saying that I want it to set up by 10, 10, 10 a.m. and that's 30 minutes. But I'm not necessarily waiting 30 or waiting 15 or waiting 20. I'm looking for it to do something that I call a set and a trigger. It sets and it triggers. And the trigger means take it. That was the best thing about the BBY today with the entry that I got in that to short it at 30. It's the price action that I'm watching in it. Here, let me go back to this BBY because this is a really, really... The best way I can describe this just in layman's terms. Okay, so the stock gap down. Gap down, open, rallied. Rallied made the tail. Pretend this is moving. I know this isn't moving. I'm going to talk like the stock's moving to you right now. BBY, open. First of all, gap down. Gap down $2, whatever it was. It doesn't matter. Gap down. I'm watching it. What does it do? It goes higher first. Breaks, so it opens and actually goes higher first. Gap down the open. Goes red. This is all happening in 60 seconds, but this is me, Melissa Armo. I'm watching it. I'm like, oh, it opens. Rallies, breaks, fails to go higher. Opens the next bar. Holds, goes over the high. Rally's big. The next bar opens and immediately sells off again. So what am I looking for? I'm looking for the stock to set up and I short it in this bar, 20 minutes or 30 minutes. I'm waiting till it triggers. I don't know when it is. It'll happen between 9.30 and 10, but I'm watching this live. It's flat right now. If you lived in my brain when I'm calling the trades and taking the trades and getting ready to pound some of the stock laying on my keyboard, I'm seeing what I just told you and what I'm seeing is, boom, weakness. Because I'm seeing that this stock is in fact not going to go higher. I don't know if that makes any sense. I'm trying to describe it like this was moving because everything I just described is like, oh, my lanta. Take it, take it, take it. Because that price action that I'm describing is really institutions. Because what made this do this thing here and hold and then sell off? Selling, shorting, boom. Okay? Somebody came in and just said, and they sold a position there. And that's what makes the rent. I don't know if that explains it. If you want a large amount, yes. I mean, I think it's, I mean, again, if you have a massive account and millions of dollars and whatever, you can trade in the post and pre-market. For me, I feel like the day of the market is regulated. It's just very different in the after hours. It's not regulated. It's like the wild, wild west if there is one of the market. I just prefer to trade in the live day. I just, I feel I have more control if I get in, if I get out. I can press a button right now and short GPS. And then if I press a button to get out and I'm up, I might not get filled. You know what I'm saying? So I don't want to deal with that. So that's why I like trading on the actual open. So I trade on the open. I only trade between 9.30 and 4. But like I said, I usually train between 9.30 and 15. Alright, let's go to the CVLS or CLVS. This was on Whatchamacallit the Monday. Okay? So this stock, again, is a one-minute chart. Close up here. Gap down. Again, if I'm looking at describing this if someone say, Melissa, what are you looking to happen? I'm looking for this to do exactly like what this one did too. Do you see this? I know it's so small here. But it's similar to the BBY in the sense that it's like well, this is telling me that this thing isn't going anywhere but down. Does that make sense? So then I'm looking for it to trigger and then I short it. This happened to go to the target right a ways in 5 minutes which was $26. This had a big stop though for this stock price. So the price of the short was $28.25. Stop was over $30.10. If you took 800 shares of this and exited it at $26, you made $1,800. And again, for 6 minutes of work. $26 was the target. How do I know where to get out? I have exit signs that I use and targets. If it goes right to the target, I'm out of the target and that's it. I hold it and I look if it starts backing up. If it goes to the target and starts backing up, then I just take it. Now, if it doesn't go to the target if it has a move, let's say something moves $1. Let's say I have 5,000 shares of something and it moves $1 and it starts backing up. Even if it's not at the target I'm taking it. Do you know what I mean? Money is money. Again, this has to do with money management besides the targets. I'm looking for the targets near but you have to money manage yourself. You're up 1,000, 2,000 whatever and it starts backing up you take it. You can always take another trade in it. I do sometimes call second trades in the same gap. Not all the time but sometimes although I usually only do one. This was last Friday. Fridays are good days lately. This was last Friday. This was fossil. Again, what happened here? Closed up here, gap down. What happened here describing this? Everyone's like, how do you know? Open, try to go higher, couldn't do it. Open, try to go higher, couldn't do it. Broke the low. Boom. What do you want? Does someone have to scream in your face to tell you to short it? It's not along. This isn't along. This is that price movement that I'm watching in live time is telling me, I'm not going higher and I'm not going higher and I'm breaking and therefore I'm not going higher and it doesn't go higher and it goes lower. So the short was here. Boom. And this actually went farther and I got out of it into the morning. But this actually was one that actually ran all day. Price of the entry was $35.90. Stop was over $36.50. It was a risk of $0.60 and I made it to grand. I was in it for 20 minutes and that was it. But I will tell you the stock actually ran $4.00 in the day, which I kind of laughed at myself and went back and looked at it. But I was out very quickly and this is the money that I made on this last Friday. But I could have been in this all day. I just don't like to do that. But you can. But you could. I don't have the daily chart in this but I think it ended up going more than $4.00 in the day. But I got out of it into the first move because it went to the first target. I was up a lot of money and again I, you know, $2,000. $2,000. Um, double shooting star near said I don't know some of those fancy words but I'll believe you if you tell me that's a shooting star. I love that word though. So here's an example. If you did every call in the last week of the Golden Gaps Fossil, CLVS, Urban GoPro and BBY, you could have made 12 grand last week. That doesn't include the GPS for tomorrow. Now this is an advanced risk but do you see here how you can make a living doing this? Let's just say you didn't even risk an advanced risk. Let's say you only risked half. That's still six grand in a week. Let's say you risked a quarter. That's still three grand in a week and many people are not making money trading at all. It's about the focus, the pick, the gap rating system, watching one thing, knowing the exact entry and exit and getting the move in it. I'm just looking for the move. I'm just looking for the move. I'm just looking for the right pick because if I don't have the pick right, which I gave you, I just gave you the pick for tomorrow and I gave you the numbers too and I put them up in the room so you can copy and paste and remember tomorrow. But the pick is it. So you get the pick and you know it's a good pick because the setups happen so quickly if you're scanning and scanning and scanning it's 10 o'clock. Fossils are ready move $3 by 10 o'clock and you missed the money. Okay. So it will be I don't until it opens. I don't know where it's going to trigger. I have no idea. Like example, GPS if it goes over $25 I'm probably not shorting it tomorrow. Although I said 25-25 but I don't know until it opens. I'm not in it until it opens and that's why I'm not in it until it opens. I don't know until it opens but I know what I'm looking for and then if it does what I want and holds the numbers that I see in the chart prior to the open I take it. Okay. So I do not take it beforehand. I have to wait. I don't know the exact number of shorting it until it opens because what if it doesn't even set up. So this, you know this is earning season profits. Tons of gaps, lots of things to do but this is only one play a day and that's all that you need. One play, one strategy to make money in this if you want to do it for a living. You really have to have a plan of action to win daily that's strategic and this is where my 26-point rating system really helps me know what to do because it really is making the right stock every day. I have the right stock every day and make money. You get the wrong stock, you don't make any money. And I never go long and short the same stock of the same day by the way just so you know. So the philosophy behind my 26-points is really to analyze a large time frame. So I use a daily chart for the 26-points to make the trend decision of the directional bias for the gap on the day. It doesn't have to be in the long-term trend but it has to be on the actual day that I'm playing it and all large traders of every kind look at large time frames to make decisions particularly institutional traders. I make the entry decisions and the exit decisions on the one-minute chart with a high degree of accuracy and focus like I showed you and that's how I'm getting the risk to reward. So I'm looking at the larger picture for the pick and the directional bias on the day on that live day not in the overall longer-term trend but on the day because I'm a day trader and then I do it on the one minute to get the entry. And as I was telling you it's really about trading the size. If you're a beginner you take small size then you bump it up a little bit then you bump it up a little bit more but this is how you get to the point you're making living doing something with it. So even if you made like I said three grand in the last week that's still real money okay that's substantial money. So for example like even the fossil if it dropped a dollar you could have made 200 bucks it's only the difference between the amount of the move of the size it's trading the sizes whether it's 200 or 2,000 the stocks doing the same thing so this is why you've got to get good at one thing and this is again where the edge comes in understanding that to do one thing that's all you need to make money and you get good at it but many people don't ever stick with one thing and get good at it. I've been trading gaps now for almost eight years this is why I'm an expert in trading gaps and why I can do something like BBY today and short that stock and make money in it even though it flipped and went long and one of the reasons I've called the market so well because I'm doing this same thing for eight years and nothing else. And you know what's really funny I like to short and applying the market long and I called the market long you want to gap down so I will tell you when you get good at doing something even in one directional bias you'll get good at doing the thing in the other directional bias too because I now know what weakness looks like and that's how I knew the market wasn't breaking because I can tell what weakness is I know it and it wasn't there in the market so all you have to do is just get one thing in one direction and that's all that you need and then you add the size and that's how you make the money that you can pay your bills doing it so I teach a class it's a 26 point reading system it teaches how to find the targets, the entries and the exits and I teach people how to trade the stock on the day if you want to become a member of the live trading room you need to be a student of the course and I teach the 26 point checklist so gaps are very useful tools to trade because you can use them like I said for options trading or swing trading if you really want to and this is one of the ones oh my gosh this is GPS I even forgot to put this in here this was the chart before the gap you could have been swing short this since the prior gaps I even forgot I had this in here this had gaps prior in the chart here and here you could have been swing short this back since October I forgot I even had it in here look at that because it did the webinar before this is GPS you could have been short this stock as a swing trade back from the gap that happened back up here and you know what you'd be up $15 tonight isn't that funny anyways I just want to let you know I'm teaching normal regular people I'm not teaching people that have necessarily been trading for a long time although I have taught some people been trading for a long time but gaps are something that is just not a lot out there back gaps so because I decided to focus on this one specific thing and because I created my own system which nobody else has which is the 26 points I've taught people that are regular people that are just learning from me taking my calls in the room you don't have to have some special high degree to do this if you do fine great but it's really about learning how to reprice action like I was describing to you in the one minute chart that tells me that it was good you know and that it's going to work so just really quickly here I'm going to go through I know we're running out of time here I just got the beep everybody if you're interested in the class I teach a class it's the golden gap course it's online retakes are free it's a full two-day course and how to strategically find pick-and-play stocks that are professional bearish gaps it's this weekend if you want to learn for this earnings season Saturday and Sunday November 21st and 22nd from 9 a.m. to 5 p.m. Eastern time cost of the class is $39.99 but I'm offering a special for webinar people anyone that's here and Yana put it in the room you get a 10% discount and you can be in the room for free to the end of the year if you want to learn my method and then you'd get my calls just like all the ones I just showed you for the last week so I have people sometimes that come in and they make the money for the class in one trade it's up to you how much you're risking obviously but that's happened a lot you have to do the calls that I make but why wouldn't you anyways the deadline for this offer is tomorrow and Friday if you want to sign up at 5 o'clock Eastern time email me at melissathestockswitch.com again the class is Eastern time 9 to 5 this Saturday and Sunday and I'm offering a great deal of $600 for the class and then to be in the room to the end of the year let me just see if I have anybody's questions here anything else so the whole motto is to empower yourself to trade and you've got to learn how to do it if you want to make money but the idea is that you can does anyone have any other questions thanks so much for having me trader pub and watch gps tomorrow but it really has to hold $25 let me just see if there's any other questions I think that's it thanks so much everyone thanks for having me, thanks yana, thanks trading pub have a great trading day tomorrow happy Thanksgiving everyone Thanksgiving trade is on, happy Thanksgiving from New York have a great night