 Everyone, let me know if you can hear me. Let me know if you can see the slide. Welcome, as I said earlier, I'm on News Nation tonight at 6.30, Eastern 5.30 Central if you're around, if you get it on your television, can watch me in two hours. So we do have to be done today within the one hour period because I have to get ready to be on. So I'm gonna talk about the market on TV tonight. And today I'm gonna talk about fast summer profits, which is basically what I am looking for every single day. All right, I'm looking to get in and get out. I'm looking to do fast trains no matter what time of the year. But I think this is really a good topic for this period in the June, July, August, summer months because even today, you saw the market sideline in the afternoon. It seems like the volume goes down in the afternoon and it shocks in the market in the summer. People take off, people do stuff, people aren't sitting on the computer six and a half hours or all day long. Even trainers, okay? So it is really important to get in and out quick and what I focus on is the morning, the morning time period. And if Kathy, if you can put my information in the room, this is me. If you have any questions, you can email me at melissathestalkschwisch.com. You can follow me on Twitter, Facebook, YouTube, or Skype. And if you'd like a trial of the live trading room this week, you can email me as well if you're interested in day trading, okay? So we're gonna talk about really summer trading and really learning. I'm running a summer school special for the class, which is this weekend. I'll talk about that at the end today, but a lot of times people forget how important learning is and not only that, how fun learning can be. You remember back in the day when you were little and you went to school and obviously most kids have off in the summer. Sometimes they go to summer school, but during the year they're going to school and learning is fun. I don't know what happens after a certain age after we graduate high school or college or some people go to graduate school too. Learning becomes mature or work, but the reality is that learning can be fun and you have to kind of go back in and reinvigorate that within yourself and remember when you were little and you learned new things and it was exciting. And the thing that's exciting about trading obviously is making the money, but when you learn things that can help you make money, then it makes learning exciting, exciting and fun, okay? Because ultimately information is how you make money. Good information can make you money. Bad information can make you lose money. The interesting thing about right now in the world that we live in, there's a lot of free chat rooms out there, these Reddit chat rooms that a lot of them have what? Bad information. They're free, but they have bad information. So good information is worth paying for. Bad information, whether it's free or it costs you money, is not a good idea, okay? So everyone wants free, free, free, free everything. You know, free isn't good if it's bad information that will hurt you and you take trades and risk money without knowing what to do or trades that will lose, okay? So good information is worth paying for. It's like if you go to, there's a guy that sells food on the corner, he sells sandwiches, things he's there every day in New York City, I live in Manhattan. You know, if he was given away free sandwiches, well he said, oh, free lunch, free lunch. Yeah, but what if the meat is tainted in the lunch that you're getting for free? Well, then it would be bad. You would eat it, you would get sick, you would get food poisoning and so what's the good of it? It's just like going to some of these chat rooms where you're getting bad information and bad trades and even though it's free, you're losing money and it's hurting you, just like eating the bad food. So ultimately, good information is how you're gonna make money and yes, you're gonna have to pay for it. Now I'm gonna give you a lecture here today and you're gonna get a good feel for what I do today and some tidbits of information. You're not gonna learn my system here in one hour class. My class is 16 hours and we take a one hour break for lunch each day. It's a long process. It's not a just quick, you know, one hour lecture. All right, does everyone understand that? So this is an introduction today to see if you're interested in what I do, if you're interested in coming to me, if you're interested in learning from me and again, learning good information even though it's gonna cost you money so that you can use it to make money trading. So again, as I was saying, is the information you're using to make your trading decisions good or not? Because if it's not, then you're probably losing which may be why you're here, okay? Good information is worth paying for. It's always worth paying for, all right? And that's the bottom line because when you have good information, you will make money, all right? And then you can also replicate it in trades over and over and over again, okay? Because the idea of learning a system like mine is not to learn it and do it for a week or a month or even a year. You know, I started trading back in 2008 and I started the business in 2012 and I've been teaching people since then it's almost 10 years. You know, the system that I have been doing for a very long time, I don't do anything else and you can use it in any market, bullish or bearish, even the word of bullish market right now and it's something that works forever. Why? Because what I do is based on gaps and there will always be gaps in the market and we're gonna talk about what a gap is in a minute, okay? And any questions, you can just plop it in the room. So you can make money in the market. People do it all the time, not everyone does, why? Because that's the way the market is set up. The market is set up as a zero sum game. There is always one winner and always one loser and there's always more losers than winners which is why the people that win make so much, okay? So you have to be on the right side of things. That's the name of the game. And again, when you're up in a trade, if you don't get out it's never over to the fat lady sings until you're out of the trade. Even though the profits are there, you see them in your account. Until you exit the trade, the money is in yours. And so you can lose money even if you're up money in a trade if you don't have the proper exit, okay? A lot of times people wanna do this, they wanna do it, they have the market bug but there's something holding them back. And when I talk to people sometimes it's well they lost in the past or they don't have enough money or they're this thing or that thing or they don't have enough time. Listen, it doesn't take them much time to do trades, the types of trades that I do. We're trading in the half an hour between 9.30 and 10 AM Eastern time, that's it. That's it. And if you wanna do options trades you put in the order as soon as you take it you put it in a sell order and you can walk away. If the order hits you're out by the end of the day. And if it doesn't then you put another sell order in the next day, okay? You don't have to sit and trade at your computer for six and a half hours in a day and you don't need hundreds of thousands of dollars to trade either. You're better off starting with a small account and growing it into a larger account and just starting the process, starting the process of learning, okay? So many people I think wait too long and then things change in their lives and then ultimately all of a sudden five years go by, two years go by, six months go by and then they don't have the money at all to even trade or they don't have the time whatsoever. You know, you're never gonna have a block of time where you can just do nothing but trade unless you have income coming in from some other source that where you quit your job. You have to make a transition at some point if you really wanna do this full time. Now if you're retired and you've got the time to do it and you have the time to devote to doing it, well that's a good period in your life to do it. Or if you're maybe a teacher, some type of job where you have the summer off, you can focus on it then in the next three months. But whatever it is, whatever is holding you back, if there's anything holding you back, if any of this is you, you must overcome these obstacles to get ahead. Everyone has to overcome obstacles. The athletes have to overcome a lot of obstacles. We're coming up into the Olympics. We're having the Olympics trials right now. I don't know if the Olympics start at the end of July, beginning of August. Not if anybody knows, but they're the summer, all right? I often enjoy watching the Olympics swimming I love. There's a lot of sports I love in the summer sports. But you know, those athletes have gone through major hurdles to get to where they are, the people that make it. And particularly then, even the people that win. So anything that's worth getting to the top in life, it is definitely worth making the sacrifices to do it and putting the time and effort into it. Nothing is impossible, but you have to take your own success seriously. And again, this goes back to the school. This goes back to the learning. This goes back to the focusing on the information. This goes back to the fact that you have to pay to learn good information that not everything's free, okay? Any questions right in the room? I see some people, some people signing in late. Again, if you have questions, just plop it in the room. Anyways, part of learning is also learning from people that have experience, so have experience. I've been doing this like I said, since 2008, but when I started, I didn't know what it was doing. I spent about three years teaching myself and creating my own method, which I've been doing ever since. And then I started my business in 2012 and I've been teaching people as well. All my classes are online. Some day I made you live classes in New York, but not right now. And because I have so much experience, because I'm good at what I do, I speak about it on television. Like I said, I'm on News Nation tonight at 6.30. So people want to hear what I have to say about my thoughts on where the market's going, where particular stocks are going, things like that. Again, if you come and learn from me, I'm your mentor and I'm here to answer questions for you, whatever. Garvin, I see you in here. You asked me a question, a question, I don't know if that was Sunday night or something. If we have time in the end, I will go over the market and answer your question for you as well. Just remind me, Garvin, if you're there. Garvin's on the options newsletter. Since you're here, Garvin, I'll just answer it live. Anyways, learning from someone may cost you money upfront, but it saves you money in the end. A lot of people blow up their accounts and I think that's the problem with some of these things like the Reddit chat rooms where people are just taking trades, throwing money at the wall, from trades in a chat room where people that don't understand what strategy they're doing, and then they're losing. And again, you can trade with so little money right now. You can open up a prop account in day trade with $2,500 on 10 to one margin. Some places you can open up an account with $500. Now I don't suggest doing that, but $2,500 is still, 10 to one margin is 25,000 in buying power. That's a lot, that's a lot for you to be able to actively day trade. Garvin, you just write the question in the room. You don't speak it in the room. You write the question, I'm the only one that can see it, but I did see your email. Unless you had a different question from your email, I can just answer that email question at the end, just remind me. Anyways, as I was saying, it's about being focused, learning, okay? Trading smart, focusing on the right information, that's how you're gonna do it, okay? And for summer trading, which we're talking about today, the focus is what? In and out, quick trades. I call it the money move. You get it, get out. Get it, get out. Take it, get out. Follow me. When the summertime comes, you must book your profits quickly, all right? So for me, I trade stocks. Whether I do them as options or day trades, that's what I'm doing, okay? So this is equities. So I trade a system that has a high level of predictability in the directional move, meaning I wanna know if it's gonna go up or down. So that's how I know whether to go long or short. And I wanted to work independently of the market and not have to have the market with it. Why? Because the market can be volatile, all right? In the last 48 hours, even when you saw the market drop, then you saw the market rally. You're gonna see more of that. You're gonna see more of that. And we're gonna see this pretty much the rest of the summer and probably even into the fall, okay? We'll talk about that more later. Anyway, success or failure, what you do is everything to do with the quality of your system and if you don't have a system, if you're taking trades blindly from watching TV or in chat rooms, like I said, you have no system at all, so how do you expect to be successful? It's like going out and starting a business without having a business plan or without having any employees or no money or even knowing where you're gonna get your supplies or products from that you're gonna sell. You have to have some kind of plan of action. So for me, my 26 points that I teach in my class, which determines my pick of my gap, again, we'll go over this in a minute, that is my roadmap for what I'm supposed to be doing every day, what I'm supposed to be watching every day and why. It's having a specific system, a system and a strategy that can offer you reliable and consistent profits on a regular basis. For me, it also has to do with having an itch why. Remember I talked about earlier how there's only one winner in every single trade on the other side of the trade and that there's way more losers and winners. So you have to have an itch to stand out. You have to have something that you get really good at. One of the things that I think traders don't understand is they wanna do thing after thing after thing. They say, well, I have, I do this strategy and this strategy and this strategy and I do Forex and I do stocks and I do crypto, I do everything. No, you're never gonna get good at anything that way. What's your niche if you're doing this thing, that thing, the other thing? You have to get really, really, really, really good at one thing to make money and then all you need is one trade a day or two trades a day if you wanna do an option and you wanna do a day trade and that's it. It's about getting the win ratio up. A high win ratio. Why? So that you can risk more money so that you can make more money. You only need one good trade in order to make money. Each and every single day, quite frankly. And any questions, just plop them in the room. I still see some people signing in. If you signed in late enough questions, you can write it in the room. So a lot of people don't have a niche. That's one thing I think you need. It's something that I have. My niche is I'm focusing on gaps, okay? And the gaps that I focus on, I'm focused on reading institutional money. For me, when I look at it, I'm looking for the institutional money that is moving the stock, okay? Not all gaps that happen in the market are made with institutional money. Now, what is a gap? A gap is a difference between the close and the open. I'll show you on a chart in a minute. But they happen almost every single day. But not there isn't good gaps every single day. A lot of days there's good gaps, but for example, today we didn't do anything. There wasn't any good gaps, all right? I'm looking for predictable directional buyers for the gap. And that's why I go through the process and prep in the morning in the pre-market. So again, my niche is gaps. What is a gap? A gap is a difference between the close and the open. So that means that something could gap up, which means that it opens at a higher price at 9.30 in the morning tomorrow than it closed at four o'clock today, or it could gap down, which means that it opens at a lower price tomorrow at 9.30 than it closed today at four o'clock. The US stock market has a close on the open. Closes at four o'clock opens at 9.30. However, there are a post-market and pre-market trading that happens in the after hours, even though the after hours in the morning time period has a close and open too, okay? I'm looking for institutional buying and selling that happens in that period that's creating the gap. And then I'm rating the gap using the system that I devised and that is what you'd come and learn from me to determine the directional bias for the stock and which stock is the best one to watch each day so that you get the move and you can just play that one stock and be done and out fast. Ideally, you wanna be out quick. You wanna get in the trade between 9.30 and 10 and ideally out of the trade by 10 o'clock. Now that doesn't mean you have to kill it at 10 o'clock. If it's still going, you can let it keep going but you need to watch it. And again, in the summer period, the best thing you can do is fast, fast, fast, fast, fast, booking the profits in and out, okay? Now this is a daily chart. This is a daily chart of Oracle. This had earnings, this was last week. So now I'm gonna show you what a gap looks like on the daily. Here's the Oracle. Stock closed here at four o'clock the night before. This was whatever day that was, the 15th. Then on the 16th, it gapped down here and it opened at a price lower than where it closed the previous day. I rated the gap using my system and it rated per my 26 point system that it was going to fall. So we shorted it. We did a short and we made money and it worked, okay? So again, this is a gap. This is a gap down. Now you also have gap ups just to show you here what a gap up is. Again, closes here, opens here, prices up. So this is a gap up. This rally. You could have gone long this here in this day. I didn't but you could have and if you had, you would have made money, okay? Now you can't go long every gap up and you can't short every gap down. It just doesn't work like that. If we have time at the end, I'll show you. I'll show you some that didn't work. Pull up my charts, okay? But I'm looking specifically for the ones that do work and I'm looking for the ones that are gonna be the good pick that are gonna have what I call the money move on the debt. So here is the trade that we did in Oracle. This is the one minute chart. Now, if you're gonna trade on the fast, fast, fast, fast, fast period, guess what? I focus on the fastest timeframe, which is guess what? It's the one minute chart. So the one minute chart is the chart that I trade on. That is the one that I'm gonna get in and out on and again, it does move very, very quickly. Again, this is why you also have to learn what to do before you take the position because things move fast and you wanna make sure you get incorrectly and get out correctly with the profits. So this was 616, this was a day train. We didn't do an option in this. Entry was 77.95, right up in here, snug as a bug, okay? An advanced trader risk was 3,000 shares, risk was 25.50, got the drop, boom, into the first target, which was about 77 and you could have got out at 76.93. Profit was 3,060, this is a good trade. Any amount you're risking, you're looking to turn it over one. If you're in an option, you can turn it over 50% is even good, all right? 50% is good in a day trade too, but in this case here, here's the money move. Open, drop, boom, sell off. Now, this continued. So I got out of this, but I will show you here. Here's the drop in the morning, fast, boom. In and out of it quickly in 10 minutes, it continued to drop though into the 30 minute period and you could have made another dollar. It actually, I think broke 76. So that was a nice move. That is what I call the money move. Here's a blown up actually. Here's the gap, stock close to your gap down, open rally, boom. You're in, you're out, in, out. And again, you could have held it down a little bit more. But again, this, whether you get out here, or here, or here, here, here, this is the money. This is the profit. This is summer trading, what you need to do. Now, if you are looking at this on your scanner and you're seeing it, you're not getting the trade or you're taking it late and then look, it doesn't go your direction. Nothing works right. And basically you missed it. You missed it. This is all the money. And this is why you have to know what to look at way before 930 and way before the open. So that's what I'm looking for. That's what I'm rating. That's what I'm doing. All that homework and the pre-market, getting ready and deciding what I wanna do. Now, tonight, there really isn't anything that's gapping. Otherwise, I'd show you a live gap tonight. There's nothing tonight. We do have a couple of gaps later in the week that I'll be on the lookout for. And we'll have some things tomorrow morning, but right now, tonight, it's a slow day today. Like I told you, we didn't do any day trades today on Monday and there's nothing tonight to look at. Any questions here so far? So you look for the money move. You take it, get out. Take it, get out. Summer trading, fast. Fast means five minutes, 10 minutes, 15 minutes. I even think fast is 30 minutes. Again, it's not that you have to kill the trade, but you can't let money go against you. And as you see here, if you took it, where I call the trade, I call the trades live in the live trading room. Again, if you wanna try email me, but you're in, if you don't get out of it, look what's happening. It's lifting and all the profits going away from you. The idea of trading is not long-term investing. It's chunking it out. You chunk it, chunk it, chunk it. 3,000, 2,000, 3,000, 1,000, 2,000, boom, boom, boom. It's chunking it out. It's not buying it and holding it or shorting it and holding it forever and ever and ever. That's not what day trading is, okay? You are booking profits. You are an active trader, okay? Now let's look here at NVIDIA. This was a very bullish chart, okay? This was rallying. This had gap ups. I called several options trades in this. What was happening here? Institutions were buying it. They were buying the stock. The stock was getting bought, okay? I just have one option straight in here. Even though I called a lot. I called a lot on this stock. On June 2nd, I called the 700 calls that expired on 6-11 in NVIDIA. So let's go look at June 2nd, 700. June 2nd was here. I called the 700 calls and it went boom and it ran right up. And when you're doing an option, actually, you can do something where the strike is away from you. If it's running into it, that's good enough. You don't even have to get it through the strike. You don't even have to get it to the strike if you get it early enough. So I called this, on the date that I called this on June 2nd, you can see here where the stock was. It was hovering somewhere between 650, 640 something and 650. So I called this with a strike about 50 points away. You see this? So anyways, the cost of this, I gave an advanced risk and a beginner risk in here for people to go over. You do not have to take an advanced risk. You take one contract if you want. So an advanced risk, okay, 20 contracts cost 8,000, sold at 18, fabulous profit. You could have made $28,000, return in investment 350%. This is a very, very nice trade. This is way more than I would have expected in this, but this stock, this was a good gap and everything this has done has been bigger than expected, to be honest with you. Now, what if you took one? So when I spent 400 bucks, I'm showing a beginner risk here and I'm using an average of 1,000. So three would be 1,200, sold at 18, profits 4,200. You see here how you can grow a small account though. Return in investment again, same 350%. So the idea, like if you had an account with five grand in it or 10 grand in it, if you had an account with 10 grand in it and risked about 10% of the account, which is about what it would be here, the fact that you could make 40% almost of your money in one trade like that is phenomenal. And that's how you can grow a small account into a big account. You follow me. It's about chunking it, chunking it, chunking it, chunking it. Again, you're looking for the money move. And in this case here with NVIDIA, I'm gonna go back, this is a bullish move, okay? This was a gap up, ran up, boom. We also did this one here, I wanna show you. I'm not gonna go over this right now. I don't have the trade in here, but I called the 720s on this day and it took off like a rocket here on this day of the 17th and then went up continued. So I called the 720 calls in this on this day here with the people that were in the options newsletter. It was the 16th and within three days this talk went to 775, I think it went to. I did not hold it all the way up there. But again, even an options trade to be in it one day and out is fast to me, you know? So this is very, very much an indication here of power buying back here in the second. I saw the buying was gonna come into it and then it went poof. This is a daily chart. This is a daily chart here, NVIDIA. So I'm rating the gaps in the daily chart. I'm trading the gaps in the one minute chart. Let's go over the spy. Again, this is the daily, okay? Closed here, gap down. This is Thursday night, Friday morning, spy gap down. Fell, boom. We did a day trade here. We did a short in this. Again, 618 was Friday. Now you could have done this as an option or a day trade or both, but because this was very, very expensive you might not have wanted to do a big size in this because again, at the margin, you could do 100 shares, all right? Entry 416.60 shares 1500. This is an advanced risk of 2700. Exit 415.70 in out quick trade. This was not even where I dropped because I did not stay in this until the very end of close of the day but it had a big sell off into the end of the close of the day, actually. But again, I try to get out super duper quick. I think it's the best thing to do. I think it's the best thing to do all the time. Even in the summer with day trades because you never know what's gonna happen in the afternoon and we have had a lot of data and reactions and fed things and inflation and all kinds of things that can wreak havoc on our trades. Remember, you are never, the money isn't in your account until you're out of it and it's never more important than the summer. Profit in this was 1350. Again, 50% is good. 50% is good enough. So what was this? This was a short. This was a short. So you had selling coming in on Friday and it fell, boom. Now, here's the one minute. Stop close to your gap down, open rally, boom. Short it, get the drop out. Again, if you held this all the way into almost four o'clock it continued down. I think it even broke 415. I don't even remember. It had a big move in the last like 10 minutes of the day on Friday if you happen to hold it. But again, who's to say? Who's to say? Do you really want to sit all day? The idea is to be able to trade, make money and get on with the rest of your life. And that is really the whole point of trading is to do something where you can make money very quickly and do other things with your life. Now that other thing could be a job. It could be a business or it could be just taking care of your kids and going golfing. And if you're retired then you're just making money doing this on the side versus working a part-time job. Which you spend a lot less time doing this and obviously you work for yourself and you can make a lot more money than a part-time job. So there's so many advantages to trading but one of the advantages is the fact that you don't have to sit all day for six and a half hours a day and you don't have to work 40, 50 hours a week like so many jobs are, okay? And if you're an entrepreneur or a person, if you're an independent person and you have the type of personality to do it then this is for you. Now Garvin, since we're talking about the spine I'm gonna answer your question. Garvin is on the options newsletter. Share that with everyone. Garvin's here, he isn't in the class yet. Garvin, at some point you need to do the class. Garvin, you email probably since you joined the letter you email at least once a week, sometimes three times a week where you got out of a trade and it keeps going and you make money in the trades and then you email me and say I got out too soon, I got out too soon, I hate myself, I got out too soon. Stop doing that. My professional advice to you is that you are like putting it out there that you're like not happy with the money. You need to be happy with the money. You are making money since you joined the letter. You need to just be happy with it. You see today how the market flipped around. Now the reality is whether it would have fallen off a cliff today or whether it wouldn't have fallen off a cliff today which it didn't, whether it falls off a cliff tomorrow you did a trade on Friday and you got out of the trade on Friday and then you were upset with yourself for getting out of it, why? Every single time that you book money be happy. Most people that trade the market are losing. Stop being unhappy about booking money because you don't think it's enough because it goes a little bit more. You would have been more upset if you had not gotten out of it and the trade had not and you had been down today. Do you follow me? Until you get to the nuances, until you do the full class, until you're reading the one minute chart as well as I'm am, go with it. You don't know what you're doing. You're taking the trades and you're making money, be happy. That's my two cents to you. And when you're putting this thought process out there that you're unhappy about the money you're making and that is negative and you don't wanna create negativity in your life. You wanna create positive things. You should be proud of yourself that you're making money. Proud of yourself that you finally signed up for the newsletter because you've been following me for years. You should be happy that you're making money whether it's $100 or $200 or whatever it is. You're growing your account. You have a small account. You're growing it. You're chunking it out. You're building it up. Be happy, okay? And as far as your question, were you emailed me? Should you jump back in the trade today? No, I don't ever think it's a good idea if you get out of a trade to retake it unless I call a trade a second time. So if I call a trade on a Monday and you get out of the trade on a Monday and you get out of it and then you wanna do it again on Tuesday, no, I wouldn't do that. I didn't call any trades today. So I would not do that. Don't be jumping and making it up, okay? If you're following along in the letter then you follow along. To jump in, jump out, jump in, jump out. Take it, take it, take it, take it. That's gonna be trouble for you. That's gonna be trouble in River City. So I would follow the program and do not feel upset when you get out of a trade, okay? Like NVIDIA, I did not hold this trade until Friday. That would have been insane. I would have made, I don't know, not double but a heck of a lot more. The high of the day here was 775 and the high of the day here was 753-ish. I thought I had a good exit. I did have a good exit. It was the 720 calls. In fact, I said to myself, I know this is higher, I really wanna get out of it. And I said to myself, you know what? I'm gonna be conservative because it's summer and I've been conservative lately and I feel like I'm being more conservative but guess what, it's working. It's working. So I'm being more conservative. My win ratio is up. So even, but I said to myself, I was alone and I said to myself, I know this is higher. I know that it is and it was. But you can't, I mean, it's just too much money not to get out of it because what, who knows? Something can happen with China and then even though I knew it was higher, tomorrow morning it's here and all the money's gone. So you just, you can't take chances that are crazy. You can't take crazy chances. So that's, there's a difference between risk and calculated risk. You started with $2,500 and you're up $8,000 in less than a month. Congratulations. That's fabulous. That's fabulous, Garvin. Write me an email. I'll send that out as a testimonial. That is fabulous. But every week, once a week you email me, I shouldn't have got out. It kept going, I could have made another 500. You have to stop doing that. Seriously, be happy, you're up. You're proving the point of the lecture. You can take a small amount of money and chunk it out but you have to get out when you're up. You have to get out when you're up. And again, you see here how this thoughtful process of what you're doing is getting the money move here. It's not taking it and holding it for the rest of your life. You're not gonna get rich with one trade. Now, while you look at NVIDIA and say, gosh, I could have gotten rich with that. If I had, you know, if I had, you know, if I had a richer, I should say, I could have just, you know, did this here and just bought the stock outright or bought calls out for, you know, August or something and held it all the way up with, you know, tons of shares. No, I mean, it's just, that's, you know, you never know. You just don't know. So you just do what you normally do and every once in a while, you have a good one. And if something's really going gangbusters, I'll call two, three, four, five, six trades in it over the period of a week or two or three or a month or whatever, okay? For now, we're not in anything with this. We're not in anything with this at all. This happened to be a great trade but most trades are just trades. That's it. And every once in a while, you get a big one, okay? But it's this whole idea where I think lots of times people trade and I think the one thing, like the GameStop, which I did not trade and I'll never trade that stock. Again, it's burnt. It's burnt because of the Reddit's people. The Reddit chat rooms have burned that chart. But anyways, the point was some people got rich with that. A lot of people lost because they bought after the move up that made everybody rich, then they kept buying and it's sold off hard. So while that can happen once in a blue moon, if you don't know what you're doing, you're not gonna be able to replicate that type of activity again and it's just like winning the lottery. Like your chances of having a trade like that are like winning the lottery. I don't know what the odds are of winning the lottery. I can look it up and Google it or whatever when we're done but they're not high. They're very low odds, you know? It's like the odds of people that are in some of these cryptocurrencies, they're not all going to go like Bitcoin. They just aren't, okay? People think that this one, the next one, the cheapy one, whatever that they're gonna all be the Bitcoins. No, if you happen to have bought Bitcoin before it took off five, six, seven years ago, you made a lot of money when it ran up and it started becoming more commonplace. But that's not gonna happen with every single cryptocurrency, absolutely not, okay? Those are once in a lifetime things and they don't happen to everybody and they have low odds and that's not what trading is and you shouldn't have that attitude anyways. One trade is never gonna be the be all I know of your wink and it's the same thing with the loss. It's the same thing with a loser. It's the same thing with a trade that doesn't work. You should never risk so much in one trade that you're throwing your money at it. It's risking the farm that if the trade doesn't work you lose your whole account. Don't ever do that with a trade too. One losing trade should never ruin your account of your life, okay? But that has happened with some of those people in that GameStop. Some of those people literally risked their mortgage payments and all kinds of, you know, borrowed money and lost it all. I mean, I've heard some of the stories like terrible stories, okay? Don't be like that, think like a normal person. And again, does that mean, well, if you think like a normal person you're not gonna get rich? No, I didn't say that. I didn't say that, but you know what? Maybe the whole purpose is for you to grow over time where you have more money. Now again, we all have ideas of what being rich means. Everybody has a different mindset. I definitely have a different mindset than a lot of people I know because I live in Manhattan and it's very expensive to live here. But the reality is that, you know, this thing that you're doing here can grow your income and grow your wealth, whether it's gonna grow it enough to the point where you become a millionaire or a billionaire, I don't know. It depends how much you're risking per train. It depends how good you get at it. It depends how many years you're doing it and so on and so forth. But I know that blowing up your account and doing stupid things isn't gonna get you there ever. So why not take your time and baby step it? And that's my point with you, Garvin, to take a $2,500 account in less than a month and make 8,000, you know, that's not even baby stepping it. That's fantastic, but don't push it. Don't push it, okay? And what else was I gonna say? I forget. Anyways, how do I do all this? How am I making the picks? How's Garvin making the money he's making because he's taking the trades that I'm calling? Using the Golden Gap Rating System, it's a 26 point checklist. So I go through every morning and I rate the gaps. If you're in the trading room and pulling the trade live, if you're on the options newsletter, I'm writing the gap for you and then sending them out like the NVIDIA. This is how I'm making the picks, okay? But again, getting back to what my niche is, it's looking for large institutional money. Like I saw the NVIDIA was gonna get bought. I didn't know it was gonna go to 775, you know, when I first called it, but as it started to go and go, I could tell it was gonna go over 700 and so on and so forth because the buying was coming in, the money was coming in, it was moving it up, okay? So gaps are created with large institutional money. That is what makes the gap, the good ones. And that's all the ones that we wanna do. We don't wanna do the crap ones. The professional gaps that happen to play out in stocks are formed by one thing and one thing only, large institutional money. Therefore, you need a way that will help you pick the correct direction to play the gap and confirm that the large money will flow with it, okay? So when you see something, you say, okay, is this going to get selling or is this going to get buying? Buy what? Buy institutional money. Now, what do I mean by institutional money? Hedge funds, big, big traders, you know, there's a lot of money in the market, particularly the market, look how much we've been running that, look how bullish the market's been. There's a lot of 401k money in the market, invested in the market. We had that big drop off with COVID back in March, like 18 months ago. Look at the recovery we've had, the market has had since then. Now, whether or not we can sit here and debate all day the economy, and again, I'm gonna talk about this tonight at 6.30 as far as why the heck is the market rallying like it is when we, the backdrop of the economy is looming inflation. A lot of people still out of work and shown and so forth, but we're not here to forecast that. We're here for one reason and one reason only to make money. That's it, that's all we care about. And again, that's why you have to get in, that's why you're gonna have to get out because there are things that could affect the market. There are things that could affect the market in a negative way. And if you hold on too long, guess what? You could be up and then you'll lose. But my system really is based on common sense, common sense, what makes sense? And that's what we're doing. And again, this gets back to taking profits too. So how do you make good choices? Follow the picks, follow the rating system, only do gaps, only do one thing, using a solid system, setting your risk right, your risk should be the same in almost every trade you take. If you're gonna risk a thousand, it's a thousand, a thousand, a thousand, or close to it, or whatever amount you wanna risk. And again, if your account has $5,000 with it, you shouldn't be risking $5,000 in one trade, all right? You have to pick the right stock, you've gotta get the right entry, okay? So how do you make money in the market? Trade a system that's profitable. So for me, golden gaps are very profitable. I'm looking for 20 points or more when I rate it. Now, say your goal is to do this for a job. I think $500 a day is very realistic. Once you get good, then you can step it up to $1,000 a day, okay? And again, then you're at the $20,000 a month mark, which is a good place to be. You know, with vacations, holidays, weekends off, it's a very nice living. And really, it's we're halfway point through the year. You do the class, you follow along, you get there, you can build it up, or you can take money out if you're making profits. But I think it's a good idea to build your account, like Garwin's doing, because then you can risk more once you get it up to the point, all right? Now, again, I already said this, don't be pigish about targets, don't over-trade, get out fast, some are trading, that's the whole point. Fast could be five minutes, fast could be 10 minutes, it's up to you. Fast could be 30 minutes, I'm okay with that as well. Fast could be the same day if it's an option, or, you know, but the whole idea is not holding it forever and ever and ever, because you wanna chunk it out. And part of this is money management and taking profits, because again, that's the whole reason that you're doing this. Now, I look at this question a lot, as far as options, I don't use stops and options. If I take a trade in an option, either wins or loses. So I don't get out of the trade fast, and an option, if I take it and it's down, I don't kill it either. Now, what about a day trade? Yes, I use stops, if I get stopped out, then I lose, okay? That's why I'm also trying to risk the same in every trade. So I take a trade, I take the stop, like if I had taken a stop in Oracle, I probably would have tried to take it again, either way it worked. Now, if I take a trade and it works, then I'm not gonna do another day trade in the day. And that's how I manage myself. I don't sit in trade all day, I just don't think that there's any point in that. I think you get tired as the day goes on, you have other things that can affect you, and specifically the little market. Also, once your goal is met for the day, what's the point of trading, trading, trading? If your goals make $1,000 a day, and you make it in the first 10 minutes of the day, that doesn't necessarily mean you're gonna make $1,000 in every trade that whole day. Your odds go down. Remember, be selective, okay? Selection is key. It's quality, not quantity, but I do use stops. And I take trades, I'm selective, I don't trade all day, the room is closed in the morning when we're done, because I'm trying to keep myself contained and disciplined. Back in the day when I started trading, I would make money in the morning, then I keep trading, I give the money back, and then I fight back to the end of the day to come back and it was just stupid. And every trading room that I've been in previous to starting my own business and trading by myself actually was open all day and I thought that was dumb. You have to limit your losses and you also have to weigh more than you lose. How do you limit your losses? Do you less trades? That's point number one, that's just simple math. So then you have to find the quality trades if you're gonna do less, all right? And then also you can risk more if you have a high wind ratio too. You'll feel more comfortable risking, you know, $8,000 in an options trade. Even if you had a big account, if you know that you have a high wind ratio, okay? So it's the idea of for every 10 trades you take, eight should win, two should lose. On any given month or year, the idea is to keep your wind ratio high. That's how you make money, okay? So I use limit order stops for the day trades. But it's important to use this as a discipline behavior. I know not every one of the trading room uses stops, but you should. And I teach people to do it. I don't use stops for options because you can't lose more than you risk. If you feel the need to do that, then I'd say cut your risk back. If you're risking a thousand and you wanna kill it, if the trade goes down 200 bucks and your risk was a thousand, then I'm telling you that your risk is probably too great. Cut your risk back to 500. Some trades you have to give time to work, okay? But ultimately the goal is quality, not quantity, okay? It's reinforcing the behavior. Now, we were talking about options and day trades, but either way, it's the same philosophy where you can say return an investment versus return a risk. When I'm taking a trade, say I take a trade and it's an option, say it costs a dollar, okay? When it's a cost a dollar and you take 10 contracts, that's like a thousand shares. So a thousand shares you're risking what? A thousand dollars. That's it, that's all the money you need. Now, what if you take a trade like Oracle or whatever? It's $77 a share. Do you need $77 per dollar of share for every share you take? No, you trade on margin or buying power, which you get from a broker. It's 4 to 1 a retail and 10 to 1 a prop, okay? So you still don't need the total cash of it. So you might take a trade like the Oracle and you might make, let's say you risked half of what I showed. You didn't risk $2,500 to make 1,000. Say you risked 1,200 and you made 1,500 on the Oracle, okay? But you needed more than $1,200 in buying power to take the trade, but you only needed $1,200 cash. So if the trade were to fail and you had to stop in, that's all you would have lost. You wouldn't, you won't lose the whole cost of the position. Positions for day trades are on margin and everyone uses margin and that's why you're flat by the end of the day, where these are not swing trades. Again, this is in buying whole. So you can trade expensive stocks. You can trade things like the spy, the cues, apple, things that are over $100 a share. You size yourself correctly, all right? And you put the stop in, but it's based on four to one or 10 to one margin. So it's returning investment versus risk to reward. It's a different way to look at it with day trading options, but I say 50 to 100% is a good amount. So if you risked 1,200 and you wanna make 600 fine, if you risked 1,200, you're trying to make 1,200 fine. Some trades will make more because they will. All right? And you can always ask me, but again, don't beat yourself up if you get out of a trade. Even if it's not up 50% and you get out of it at 35%, that's okay. If you're worried, if you're timid, if you're not used to booking money and it's your green or you gotta go and you can't watch it, I have no problem people getting out when they're up. Don't ever beat yourself up for doing that, okay? But anyways, my niche is the gaps and my edge is the 26 points in reading the gap. Again, getting back to the teaching, the class, the information, this is what you'd learn from me. It's a full two-day course. That is how I make the predictions. I make the predictions where the move's gonna go. If you know a direction of where stock will go before it does it, you can make a lot of money. That's how Garvin's making money. And Pip Daddy, I see you here too. Pip Daddy is doing well as well. And I think Pip Daddy is a small account. He's on the options letter too. There's nothing wrong with starting out with a small amount of money. Sometimes people start out with a lot of money trading, not with me, but at other places or other things and they lose it all. So if you know what to do, regardless of the amount of money that you have, you can grow it, okay? Again, keep your eye on the ball. Keep your focus, focus, focus, focus, all right? Making money trading is about correct trade selection. It's about getting the direction of bias right consistently. Green, green, green, green, green, green, and knowing what direction to take the trade. Trading successfully means focusing on taking trades with the institutional money because they're the ones that are moving the stock. They set the trend, they move the market, they move it either up or down. Again, I go long and short, but I do prefer it to short, quite frankly. It's power of money. That's how you're getting the money move. Again, it could be a sell-off or it could be a rally. But the key is to get the move fast. And when you have big power of money, it does move fast. It has momentum, it has volume, it comes in fast and usually into the open, okay? Into the open. So the rating system that I use looks at 26 points on what? On the daily chart. That's how I'm making the picks. I trade it on the one minute. But this is what tells me, okay, do it or don't do it. Is it going up? Is it going down? I wanna know how to read it correctly. That's the whole point. Where is the money flowing? Because if you get in a stock before the money goes, that's how you're gonna make money. Like the people in GME that made money, not the people that lost, but the people that made money, got in before the move occurred. Okay, the big move I'm talking about, the jump up and the gap up overnight. Everybody that bought after that lost, it fell, okay? What's the good then when it's too late? When you're chasing it, which is again, what's dangerous about those chat rooms as well? Any questions here? So what do you need to know to make trading work? You need a good system that consistently makes money in the market. You also need a niche. You also have to have a good attitude and a positive attitude about money and the market and trading. A lot of people are talking of the market's rigged and you can't make money and it's rigged again. So you have a systems rigged. The system isn't rigged. The system is what it is. And you aren't gonna change it and it's never gonna change and no one's gonna change it and this is what it is. So you learn to work within the confines of the system and guess what? That's how you can make money. Don't fight the system. Say, okay, the system is an institutional money and hedge funds move the market. Okay, now that I know that, what can I do to make money? Oh, I know, figure out how to trade with them. That's what I'm going to do and that is what I do. Do you follow me? Complaining and whining that everyone's against you? It's, and that's what a lot of people do. That's what a lot of people do. It's pointless actually. So what do you need? A strategy for me, it's gaps, okay? A system with rules, rules, rules, rules. Don't trade with the resident and then good. I didn't trade anything today. I'm looking for the gap that rates 20 points or more. That's my cutoff or I won't do it. No deviation, don't make it up. Garvin was wondering if we should make it up. Jump in, jump out, take it again. No, follow the rules. Follow the system. Three, a method and structure to enter and exit the picks. Okay, this is targets, entries. I teach all of this in the class. Again, this is on a one minute chart. Number four, monetary goals. How much are you trying to make a week? How much are you trying to make a month? Ask me if that's the size of your account which you think is realistic and I'll tell you. I'll tell you, if you have a $5,000 account and you want to make 20 grand a month, I'm gonna say, well, that might not be realistic because the risk that you'll have to take may be too great. I say start out conservative. Conservative is good. Conservative is gonna give you the confidence to be green all the time and then you grow it, grow it, grow it, okay? But it is the reliability in the system which means sticking with one thing, getting focused. And again, I'm using this example of $20,000 a month because it basically flushes out to be five grand a week, which is $1,000 a day. Not that anyone could live on 20 grand a month. It depends where you live. Some people can, some people can't but it's certainly a nice income if you live in a city or town where it can pay all your bills in mortgage and if this is extra money from the side on top of a rightler job, then of course it's great. And if you're retired, this is a fabulous amount of income if you're retired and you're living on social security or a pension to have this extra money, okay? It's gonna put you in a different tax bracket. But the reality is that when you're trading, okay, whatever the amount of money it is you should know your goal and that helps you. It really, really helps you. When I first started out and I started doing well, I would get up every single morning and look at my account and I'd see my account grow that really helped me. It helped me continue, it helped me focus and helped me keep going because I wanted to make more and it felt like, oh gosh, it takes so long to get there and but every day I was making progress and that really helped my mental state and it really helped my confidence. It's green, green, green, green, green. And again, getting back to what I was saying earlier about Marvin, you should give yourself a round of applause. You're doing great, okay? You've more than doubled your account. In fact, you've tripled your account. That is fabulous, okay? So you have to just kind of pat yourself on the back, be your own cheerleader, be your own best friend and be positive. That's what you need to cheer yourself on because you're gonna have bad days. You're gonna have tough trains. You need to be positive, positive, positive for there may be a couple of days where there aren't any trades and you say, well, this is taking too long. Why didn't we have a train today? You have to be patient, okay? Anyways, the money comes easy once you learn what to do and once you have a system and a mentor, which would be me if you come to me. I try to help people out, I do the best that I can. I try to get back in emails within 24 to 48 hours. Sometimes I do take my weekends off if I don't have a class, but for the most part, I'm here. You can call me, you can email me. I even do Skype sessions with people if they need help for private mentoring, all right? I've been doing this, like I said, for a long time. I don't do anything else. I don't think you need anything else. I am very good at what I do, but I understand that everybody's coming from a different place and everybody's a different learning curve. I've taught people that I've never traded before and I've also taught people that have had experience, okay? One guy just did the class a couple weeks ago. He told me that I never traded before. I'm scared, what should I do? Read a book first. I said, no, just do the class. There's no books to read. I haven't written a book. And sometimes you do things and you learn things that are the opposite of what I do and then it screws up your head. So you're better off coming to me with a fresh slate. If you have things you've done in the past that have hurt you or you lost money, then you're gonna have to just dump them in the toilet. Listen to what I say and then you'll see a new light, okay? Start fresh. And I think it's good for everyone to start fresh at some point. You know, I've been looking for apartments now for a while. I wanna start fresh. Get a new area in New York, a new apartment. I don't wanna leave Manhattan, but I wanna start fresh. I can't believe how long it's taking me to find an apartment though, a good one, but it is and I have to be patient too because I want a good one. I don't wanna start fresh just for the sake of starting fresh. I wanna start fresh with a good one, okay? So be delivered in your trade choices. How? Get conviction in the system to do it. It's an intentional. It's in the forefront of your mind. You get up in the morning. I am gonna make money today. I consciously am going to do this. I'm gonna rate the gap. My intention is to be successful. My intention is to be green. My intention is to be better than the other people that are doing this because you know that you have friends and this person and that person that are failing. Forget those people. Focus on you. Be selfish when you get up in the morning and train. Close your door. Don't answer your phone. Don't answer emails. Just lock yourself in your office with your computer for 30 minutes, okay? That's what you need to do. So you can be focused, all right? So again, getting the proper education so you do well and relying on a mentor is very important. And again, free stuff is not good if it's bad information. While you can get some free information, that's good like you did today. The stuff you learn today isn't gonna help you make money tomorrow. It will help you overall to decide if you wanna come to me and invest the money that it costs for my class. And certainly today, I hope some of the things I said were a good lesson that some of you need to hear a good lecture or talking to or to help your mindset or to get real about really what this is. But as far as what to trade tomorrow morning and the exact thing to do to make money and all of that, you've got to learn it. You've got to learn it. And that isn't free, okay? Garvin had to pay for the newsletter that he's now making money for, but he paid for a whole year. So he's really ahead of the game because he's been doing this for less than a month, okay? It's an investment in you and in your future really to do this, but something that you really wanna do and be serious about. So it's about learning a system that works over and over. And again, create an action plan. How much do you wanna make this week? How much do you wanna make by Labor Day? How much do you wanna make by the end of the year? How much do you wanna make in 2022? How much do you wanna grow your account by by January 1st, 2022 or whatever it is, okay? Put a plan of action in place. Like I'm trying to do that right now. Like I said, I'm talking about the fact that I, that I'm, you know, been looking for an apartment. I've kind of been just like fumbling around looking. To me in my mind now, I'm like, okay, it's taken me longer than I thought. My goal is now by 2022. And I'm like, okay, that's really realistic. I can find a fabulous apartment by January 1st. Not that I'm gonna wait till January 1st, but before I was like, I was floundering, just looking and looking and looking. And I put in a couple offers, I didn't get them. And now I'm like, okay, I know the area I wanna be in. I know the buildings in the area. I'm focusing on them and looking at them every day. I know what the market is here in New York. I'm, you know, I know where I wanna be by the end of the year or the beginning of next year, I should say. So I set myself a time limit. You know, I set myself a timeframe and the area and everything, all of it. So I have a plan of action now, which I didn't have before, even for something like moving, you know? So that's what's really, really, really, really, really important to do that, all right? Anyways, I look at a 26 point checklist to measure gas or rating them in a daily chart. This is what you come and learn from me how to do it. The idea is to look at stocks to trade that have a high probability of directional bias for the entire day. A big move on the day, roughly confirmation of the bias and the move between 9.30 and 10 a.m. Eastern time. Precise entries was followed through and a good risk to reward target potential, okay? Polkina and George, I don't know who that is and I don't follow really anybody on YouTube, but never heard of them. Anyways, the system that I do is called the Golden Gap. It's a 26 point professional gap rating system. The purpose of this system is to help you evaluate which gap to trade each morning using a checklist and this is what I do and I do it every day and I never skip it. I never skip it because I wanna do well. I wanna do well for myself and then the other people like Garvin and Pip Dottie. This checklist tells you what to trade when and in what direction. The 26 point checklist predicts directional bias in a stock, okay, that is the whole point. You know something's gonna go up, you go long. If you know something's gonna go down, you short it. So one strategy though is all you need to be successful in the market. You do not need a general overall broad base view to make money. Tons of people have that and fail all the time. Learn how to read institutional money and price patterns and gaps and you don't need to do anything else and I'm serious about this because I've been doing this now for, you know, since I've figured out my system, like I said, it's almost 10 years but really 13 altogether since I've been trading gaps but I didn't really get good until about three years into it. But if the reason you're doing this is to make money, this will do it. You've gotta follow it. And Garvin, you're a great success story. You're a great success story. Anyways, I'm doing a summer school special if you wanna sign up for the class this weekend. It's nine to five Eastern time, calls to the class of 69.99. It's Saturday and Sunday, the 26 and 27th. So the earnings season starts in July. So about the second week of July after July 4th, earnings season begins, that's the busy time. Lots of day trades, lots of options. Between now and then I'm very, very careful like I didn't do anything today. So it's a good weekend to do the class because you'll be all set, learn it before earnings season starts and then we're super-duper busy. Now I have a combo, which is a trends class which is June 29th, 11 to three and this is 74.99 for the class tuition for this. Now I am doing a special. If you sign up for the student school summer special you get the trading room and the options newsletter free until Labor Day. If you sign up for the class by Friday, June 25th. Now I'm just gonna quickly pull up a chart here if you just wanna hang on for one second. Just look here at the market. You ready with me? Look at that tail, where this came from, 340. Can everyone see the market? Actually not the market, I'm sorry, Goldman. Can everyone see the chart? So we're up slightly. It's a baby gap up. I just wanna see where their most recent high is. Geez Louise, 346.38 was the most recent high that was Thursday. And again, we have bad data. We have bad data Thursday. I know what I wanted to say. I remember what I wanted to say here from before. I'll just say this and then I'll let everybody go. You can't always short a gap down and you can't always buy a gap up and here's the example I wanna use because the market on Thursday morning, again, nothing that's been happening fundamentally makes any sense with this market so you just can't follow the fundamentals or you're getting killed. Because a fundamental backdrop, actually this market is bad, to be honest with you. Anyways, we got down. We got down and rallying and made a brand new well-timed high on bad data. It was higher than expected. Unemployment numbers that came in on Thursday and we got down and we rallied. So this is a gap down. We closed here, open lower. So again, you cannot short every gap down and you can't go long every gap up and that is the point I wanted to make because you just can't. And this market, even as much as people are very, very bullish, don't expect that it's gonna last forever. Don't expect that it's gonna last forever. Again, there is looming inflation and lots of other things going on but for now, you can't fight it. You can't fight this. You just can't fight it. Look, we are pennies away from making another new high in the queues. I mean, look at Apple here. Again, I didn't do anything today because I'm trying to be very selective until earnings season starts but I don't even know why I'm surprised that we're so close to making another new high again but I guess I am. Even though I didn't do this today, I'm just like, it's crazy to me. We're not making new highs yet in this. 145.09 January, it was a long time ago. Any questions from anyone? I appreciate you coming today. If you would like a trial to the live trading room, email me at melissathestalkswitch.com. I will send it. If not before my TV hit, after the fact. If you're interested in the class, you must email me for the forms. Again, I'm doing a summer special which includes the trading room and options deals that are free to labor day which is a good deal. That expires Friday. Some of you eventually, I know, like Garvin, you do need to do the class. I think you will understand things more with the letter at some point whenever you're ready and Pip Daddy too. Kathy, thank you for having me. I will talk to you later this week. Any last minute questions from anyone? Any last minute questions here? I'll give you one more minute. News Nation, I have to look up the channel. I don't know it. I know I have it on my TV. Listen, have a great night, everyone. Have a fabulous, fabulous, fabulous evening. And if you're interested in trial, email me. I don't know when we get tomorrow, but whatever we get, I'm gonna roll with it. I always put my TV clips on YouTube. Yes, Kathy. All right, have a great day.