 able to listen to all the recordings that you missed and we'll send an email out as soon as they are ready. I'm going to go ahead and switch over the controls for Melissa Armo. She is with the Stock Swoosh, so we'll begin her presentation momentarily. Melissa. I'm muted. You're with us. Good morning. Can everyone hear me? Yeah. Thanks. And we can see your screen. Thank you so much Trader's Talk. Good morning, everyone. My name is Melissa Armo and I am here today to talk to you about making money day trading, which obviously everyone wants to make money trading. That's the reason that you do it. And so we're going to talk today about how you can earn a thousand dollars a day trading. And my method specifically you can use for option swing trades or day trades, but the main focus of today is going to be about day trading. So I do own my own companies called the Stock Swoosh. And if you'd like more information, you can email me at Melissa at thestockswoosh.com or give me a call at 929-3200 GATT or you can watch me on Fox Business Network. I'll be talking about stocks every now and then. And you can go to my YouTube and watch the clip where I talked about Apple. So let's get right into it. Today actually was a really nice day. Was a long, most of the trades though that I will tell you are shorts that I'm focusing on in the morning. I'm a GAP Trader. So I'm going to talk to you specifically about GAPs today. That's a strategy that I'm going to discuss where you can make a thousand dollars a day. But I wanted to go over the stats for the last six days from last Tuesday through today. If you had been in the live trading room with me, how much money would you have made with an advanced risk? So if your goal is to make a thousand dollars a day minimum, which you don't, you don't have to have it as a goal, but that's the topic for today's webinar. And certainly that would be enough if you wanted to trade for a living. But if that was your goal, how much would you need to risk? At least a minimum of about a thousand bucks, okay? So some of these trades in here were a little bit more. Some were a little bit less. But on average, you're looking to make a thousand dollars a day. You want to risk a minimum of a thousand. Same thing if you were risking 500. You want to capture at least a $500 a day move. So on last Tuesday was TTS short. Wednesday was Tiva short. Thursday, no trades. Cost Friday and Monday actually was a short, which we're going to talk about today. And today was a long. So a late entry today in the Dow, but I will discuss it. But this is an average of about $1,600 a day. So you can very well see here how you can average a minimum of $1,000 a day if you take an advanced risk. The key is to not have them any losses. And how do you do that? So that's what we're going to talk about today. And actually, let me just make sure here, I see everyone's questions. Let me just open up the chat. I just realized here. Okay, there we go. Hold on a second. Okay. All right. So I can, I can see everyone's questions as we go along. Just wanted to open up the chat. If you have them, I'll glance to the side here and make sure I don't miss anybody as we go along. So in the last six days in my live trading realm, if you had risked a minimum of a thousand dollars, you would have made over 9 grand, which is, which is a good amount of money. I don't care where you live in the world, even if you live in New York, which I do, that's a good amount of profit. And the key to trading successfully is consistency. Okay. So so many people are all over the place. One day they do options, one day they do breakouts, one day they do gaps, one day they do pullbacks, you know, one day they do reversals. When people trade like that, you never really actually establish a foundation of consistency within your trading. So if I don't see the setup in the morning on something like last week, the one day, then then there may be no trades. It's not like I can pull a gap out of the sky and make it work in my favor. So not every day will there be a trade. Now we're coming into earning season for the last quarter of 2017. And there will be a lot of gaps in earning season. However, there still may be some days between now and December 31st where there are no trades, but at least you don't lose. So again, it's the consistency. That's what allows you to be able to trade not only for living, but to have the profits, even if you want to do something else, even if you have a business or a part-time job or another full-time job. Either way, it's the idea that you don't have that many losses. You have way more winners and losers, and that's how you're able to do it. And that's how you're able to put together a week or a month or a year. So my system has about an 80% win ratio. Sometimes it's in the 70s. Sometimes it's over 80. So this gives you an average from, you know, a whole county or from January to the end of the year, approximately what you can figure to make. There's times though where I'm definitely, you know, can do no wrong. Okay? I've been very, very focused lately. Part of that does have to do with the fact that I've been on Fox. You know, I'm out there now in the world and I am trying to be as accurate as I possibly can and I am. But that doesn't mean that you're never going to have any losers. I use stops, okay? And when I'm in the trading room, I always say this is where the stop is so that everybody knows. I call the entry and the stop. And we are going to go over those today as well. But making $1,000 a day is really about what? Chunking it out. It's like today. Today wasn't a thousand bucks profit, but the last week was really good. So it's an average, okay? Some days you make a little bit more. Some days you make a little bit less. Some days you get a big one. You know, some days you do nothing. Some days you will take a loss, okay? So you figure out of every 10 trades, two at least are going to be losers. And again, that's why I use stops. I'm getting a couple questions here. Hold on. Yes, I just look at stocks, although you can look at ETFs. So we will talk about the SPI chart in here today because I've been calling the market higher and that is absolutely true and the market is still higher. I don't know where the SPI is at right now actually. I'm already here today. But the market is higher. You can use this system. My system for ETFs are stocks. And the reason though I prefer stocks is because you get more volatility in stocks, like for example, you know, Apple, Google, any of these things, people tend to have emotions associated with publicly traded companies where they buy products and services. And so therefore you do tend to have a lot of volatility in stocks. So if you can use it for ETFs, but you get more gaps in stocks and you also get more volatility and volatility is good for a trader if you're playing it in the right direction, obviously. So anyways, getting back to what I was saying here, you got to stop thinking be practical before you start to trade. You know, not everybody is going to be successful in the market. Some people will, some people won't. What's the difference between people that are successful and people that are not successful? You've got to understand really what you're getting yourself into when you do it. And it's funny because I talked about this the other day in the trading room one day last week and I said, you know what? When I started to trade almost nine years ago now, I had absolutely no idea what I was getting myself into. I'm very bright and I thought I'm going to pick this up right away in three to six months. I mean, I didn't think I'd pick it up immediately, but I figured I was really new, never traded my life. I figured I'd pick it up in three to six months. I'm really smart and hello and behold, it took me three years to create my system. So you kind of got to just be practical and understand what you're getting yourself into if you want to do it. If you want to do it, is it worth it if you're successful? Yes. Yes, it is. You can work from home as a professional trader. The money's good. The hours are good. The market closes every day at four, although I don't trade till four o'clock every day. I focus in the morning, but you know, you have every weekend off. You know, there's lots of wonderful things about the benefits of trading, but not everyone will be successful. So I think it's important to understand the process. What is it going to take for you to get to this point to make $1,000 a day? Understand the process if you endeavor to undertake it, mainly so that your expectations are not that you don't let yourself down. If your expectations are like I said, my expectation was I was going to be profitable and figure this out in three months. Well, I wasn't. I didn't really have the guidance of someone like me, but it's still the point. You know, be realistic with yourself. Know that you can do it, but it's a process. You've got to be consistent. You have to be focused. You've got to give yourself time to learn. You've got to go through the process, whatever that is, whether it's taking a class, whether it's practicing on a demo, whether it's opening up an account, learning how to read charts, you know, all of these things and also having a daily routine is extremely important, which I'm a very routine oriented person. I live in Eastern time zone, so it works for trading the US market, but you could really be anywhere in the world and trade the market. I would say the number of people that are in my room, it's about 50-50. 50% of the people that are in my trading room with me daily are US citizens and 50% live other places, other countries in the world. So honestly, you know, you could be anywhere. You just got to make it work for yourself as far as your routine goes. Okay. So it's about learning and focusing on one strategy. We have another question here. Going back to the tracking, were those the only trades you took those days? Yes. Were there others that were losses? No. This is tracking means these are the trackings. I rarely, rarely, rarely, rarely call more than one trade in one day. I rarely call. If I'm calling or doing or anything more than one trade in a day, then chances is the first trade was a loss. Okay. So usually my routine, talking about routine here is to find one top pick. Actually, that's what I'll talk about today. Today, one of my picks was AIG short. It never set up. Doll was a pick too, but it was a long. So AIG, I watched it, never set up, quick, flipped, flipped right away as to the Dow because AIG never set up. So AIG was a watch, but didn't take a loss and it didn't do it, never set up. Flip to the Dow and then Dow set up. And that's the other thing too. And I don't want to get too off track here. I'm going to get back to the PowerPoint, but you can watch something and absolutely love it in the pre-market, which is usually what I do. I get one pick in the pre-market, which actually going back here, I think all these were my top picks in the pre-market. Yeah. TTS was and it set up. Tiva was it set up. Thursday didn't like anything. Cost was on Friday. Yeah. So today was the only day where I flipped of the picks. Watch the AIG, but it never set up. But anyways, usually that's what I said. You watch it into the open because if it doesn't set up, then you don't do it. That's why I don't trade after hours. So I do not do any trades in the post or pre-market because it may not work. AIG flipped today. So let's just say you had shorted an 845 in the pre-market, which it was gapping down. You would have, you would have lost. Okay. So I always wait until after 930 and I'm always out of any trades before four. I'm way before four actually. Okay, getting back to what I was saying. So it's about following a mentor. Again, you know, the picks that I would have in the room in the morning and don't give up. If you've been dreaming of being successful in the market for years, but success has alluded to you got to stop and think why? What are you doing? You know, be practical about it. It's not impossible to make this kind of money. It's just that not everyone will. Why? Very simple. Not everyone's going to do all the things I just listed above. Not everyone is going to stay focused. A lot of times when you're doing something where you're risking money, which trading is, people tend to get emotional. And I have a lot of emotions as well. You know, I get excited when I'm winning. If somebody doesn't work out, you hear in my voice in the room, but the bottom line is I use my emotions to my advantage to trade. And I also understand myself very well at this point in my life. And I think that that helps you as well too. So wherever you are at with your trading, you have to stop and think about what you're doing. And I say, if people are losing, losing, losing, you're just burning money, you know, every day. And you really kind of have to take a step back and look at it. And I think before any quarterly earnings season, which we're right before it now, pretty much starts the end of this week with the banks reporting, JPM City, they're all in the next two, three days. It's a time to really kind of regroup. So this is why it's good that you're at this webinar here today. So earning power is from what? The knowledge. It's the knowledge. The knowledge is what counts because say you did any one of the trades that I called in the last week. Say you did them. And you did a trial in the room and you made that kind of money. Well, if you didn't do my class, you wouldn't know how to do it. You'd never be able to replicate it. So the knowledge that you gain if you come and learn from me is what you're going to be able to use to take that and create the earning power to turn it into cash for the rest of your life if you want to trade in the market. And the nice thing is I truly believe that the US stock market will always have it in open and close. The forex market is 24 hours except for one day a week. So you really can't use my system for that except for one day a week. But the US market has some regulations in it, which benefits people like, you know, that want to individually trade as day traders actually. But the key to profits is really getting the money moved. So how do I find that? Like, for example, in the Dow today, how do I find the money move in gaps? So I started talking about this earlier. This is a strategy that I focused on, but I'm going to get right into it now for those of you that do not know what a gap is. I'm going to explain very basic layman's terms. What is a gap? A stock gap. So in the opening price today is different than the closing price of yesterday's trading. A gap is a break in price action from one day to the next. So a stock could gap up or stock could gap down. And just like someone asked earlier about the ETS, okay, this is nice, a beautiful chart here of cost. So this was last week. Last week, cost reported. It reported earnings. It was Thursday night. So here was the closing to the Friday of Thursday night right up around here around 167-ish, okay, wherever it closed. This is four o'clock Eastern time. Boom. The stock gap down in the morning on Friday then cost opened around 159, whatever. Okay, then it dropped. So the play in cost was a short, but this was the gap. So the stock closed here at one price and open the next day at a different price. That's a gap. Stocks can gap up and stocks can gap down. Let's look for a gap up over here. This is April. So going back April this year, cost had a gap up. This was a nice one. It closed here around 173 and opened up here around 177-ish, okay. Then it took the stock to new highs, rallied over 180 quite a bit, up to 183. Now the stock doesn't look the same right now, but I just want to show you this is a bullish gap. This is a gap up and this is a gap down. And gaps could be of any size. Any size or shape or whatever, they could be small. They could be medium. They could be big. Here's a gap down over here that happened right after this one. The stock closed here and gap down, okay. So again, this is all happening in the post market or pre-market, but I'm not trading that just so you know, all right. All you need though is one of these a day to be profitable. What if one does lose? Then you stop. So guess what? You reduce your losses by only looking at one or two picks a day because it would be impossible for you to blow up if you're only doing one or two trades a day. So that helps with the consistency too. That helps with the win ratio too. You don't do a lot of trades. Someone's asking me, does it work with day training for futures? Again, with futures, you'd be mostly focused really on the market gaps. The market gaps some days are playable, some days are not. So if you're really focusing on that, yes, you can use it for that. It will definitely help your futures trading if you understand gaps in charts like in a daily chart. But again, I really think stocks is where you're going to have the most volatility, but you can use it for futures, yes. Because you'd be reading the gaps. So why do gaps work like this? What created the cost move? I'm looking for the footprints of institutional money and gaps. What do I mean by institutional money? I mean banks, hedge funds, big position players in the market that take positions into the stock on or off. Should they either buy it or they sell it? Or they short it? Okay, because funds can short stocks too. So you're reading who is controlling, I'm going to get back to the cost here a minute, you're reading the control level. Who's in control? Who is the control of costs from Friday to Monday? The bears. So you wouldn't have made any money going long. You would have needed a short to make money in cost if that's what you watched. Okay, so from the time the earnings reported till the close of Monday, okay, the move was down in cost and the control was to the bears. So and it was, it was a decent flip. Okay, so you're saying, well, Melissa, how do you know the difference between institutional money and the bottom line is, and we'll look at the one minute of this chart in a second. The control you can read when you're seeing the stock into the open, okay, into the morning in a certain time period of day where you're looking for the money move, which is happening when? Between 9.30 and 10. So you see the gap in the pre-market of the post market, but you're watching, watching, watching, watching what the stock's doing between 9.30 and 10, which is typically when institutions will take positions on or off, unless you have some kind of news related thing, a press conference, you know, something that affects the market overall, that it would affect every stock that's trading, you know, like North Korea studying off another missile that the market would drop or fall. Typically, the planned actions of institutions will happen within that first 30 minutes into the open, whether they will buy stocks or whether there were sell stocks. Another great example of this here is the market. So here's a spy. Someone has asked about other things besides stocks, you could have played every bullish gap here in the spy and made money and it's continuing and the market's getting bought. So institutions are buying the market up, otherwise it wouldn't be moving like this higher, higher, higher ever since the election, the market has almost gone vertical with very little pullbacks or very little chances to make money if you bought the pullbacks. The time to buy in the spy was in the bullish gaps and actually it was a beautiful bullish gap back at the beginning of September that we've not broken the low from. The stock, the stock of the ETF, the spy closed here gap up. If you had gone along this bullish gap in the spiders, it rallied on the day, held, held, held, boom, took it up to new highs, the high today was 255. So what a nice move here and this was more than a month ago and you could still be in the trade or you would have gotten out of profit up in here. Does the strategy work for all markets like Forex? I don't know, I've never traded any other foreign markets. All I can say is that if the market that you're in has a close and an open and any company's a trade on a gap, then yes, you have to have things that gap. So you have to have a close and an open and you have to have post and pre-market trading because otherwise when would the trades go off for it to gap? Do you know what I'm saying? So you'd have to have a market where you would have that to be applicable, but if you did, the answer would be yes. And I know there's a lot of other places, a lot of countries, but I will tell you that one of the reasons why people that are foreigners like to trade the US market and find it interesting is, number one, you get their leverage at prop accounts or brokers. You can get nice leverage if you trade the US markets and you get that from the broker. With the buying power increases, you don't need the cash price point to do it. Also you can short stocks in the US market, which people love to do. And there's a lot of volatility, which makes it good for you to make money. So some markets like barely trade or move like they're dead. I'd probably go crazy if I was trading some of these slower markets. So one of the reasons people love the US market even that don't live here is because it has a lot of volatility. And you can get a dollar, two dollars, five dollars, three dollar moves in stocks and you can get them very fast, which I'm going to show you. Okay. So getting back to what I was saying, commitment has a plan of action, which would be in what? Something like research reports. For example, if you ran a fund and you decided to sell the cost, say you had a long position in cost and you decided to sell it based on whatever the earnings report said of the chart, you might have many, many, many, many different reasons for deciding to sell your position at cost that we will never be privy to. So the only thing that you have as an individual, which is actually all you need to make trading decisions or to make predictions where stocks will go, is you have the price of the stock. You can see the live price of a stock right now today within milliseconds of a difference in time, based on your internet connection, no matter where you are in the world, that everyone can see that things are trading at a certain price. And that is all that you need really to trade. So I do not trade based on fundamental analysis. I train based on technical analysis, which is what you come and learn from me. But I will tell you, it's a very unique way that I trade with technical analysis. So I have a unique way that I look at charts, and that's my niche. And it's one of the reasons that I've been successful for the last several years, you know, teaching people to do what I do in the system I created myself because it's unique. So if you have a background in technical analysis, that's great, but you're still going to learn something different when you come to me because the way that I interpret a chart is based on it gapping. And that's one of the ways I've been able to call the market higher, which by the way, it's still higher. Even if we're red today, which you were a little bit this morning, we still hit up and made another new high. And you can't ignore that. You can't ignore the fact that institutions are buying, in fact, the market, because institutional money is in charge at all times. And even if you think it's not, it is, it's there. So even if you have something in an uptrend, you can have one red big bar. Doesn't mean that there's been a flip of control. Okay, it might, but it might not. And how do you read it on the quality of what's happening in the gap and the price of the gap? Okay. And we're going to talk a little bit about this here, but a big flow of money going in a certain direction is what moves the market stocks. And it creates momentum and sets the trend in charts. Which is very important if you're looking to profit on a regular basis. You can't be, you can't be against the trend all the time and expect to be consistently profitable. That's just absolutely ridiculous. Okay. So again, be practical. Think. When you're looking for institutional money, we're really reading the side of the power in a stock of the who's in control of it, the bulls or the bears. And you want to be on the side of the power in order for you to make money trading, because it's really the only way you're going to be profitable. Long term. I'm not talking about in a day or a week. I'm talking about long term. Institutional money is in charge of the market and stocks at all time. And that is what's happening right now in the market. And even if we fell off a planet today in the market, which is, I do not think that's going to happen. But even if we would, that would not necessarily signify a change of control. In order to make money, you have to find the power of money. And then you've got to play it in the right direction. Now, again, if you're day trading it, it's different from your targets for you're looking to do longer term trades, like options or swing trades. But you're still going to get the direction right. It's just your target numbers will be different. And your risk probably will be different too, because you'll obviously have more leverage if you day trade and swing trade and options, you don't have to worry about leverage. Let me just answer a couple of questions here. Gaps are gaps in any market, foreign stocks, Far East, Europe. Your biggest assumption taken is that these are continuation gaps because they are with trend, not exhaustion gaps. I don't term things exhaustion gaps for one thing. That's not a term that I use at all. In fact, that's just a made up term. So I don't use that at all. We can look at a chart to discuss more what you mean. But there are, there's only one kind of gap that I would ever do. And it's a gap created with institutional money. It might be a brand new gap that makes a new trend in the stock, or it might be a gap that follows through the current trend. That's the best way that I would describe what you just said, Richard, because I don't do anything with exhaustion gaps at all. Gaps are institutional money that's desperate to purchase to get rid of a financial asset. Not every gap is made with institutional money. So let me preface that too. The ones that I'm discussing here are what I call the good ones that are gaps made with institutional money. Those are the only ones you want to play. Almost every stock gaps, every single solitary day in the market, if you really want to be specific. Nothing, not nothing, but it's rare that something would close at 1.4302 and open tomorrow morning at 9.30 at 1.4302. So almost everything gaps every day if you look at the close and the open and the difference of the price, whether it's up or down. But not everything is playable, meaning predictable. The gaps that are predictable, meaning I can look and predict the direction will be up or down on the live day before 9.30 are the gaps that you would want to trade, that you can predict the direction. And those are the ones that are made with institutional money. There are many, many reasons why they're doing it. You just mentioned one thing. It could be a million different. That's the point. You don't need to concern yourself with that. What you're concerning yourself is interpreting the price action of what's happening in the daily chart of the gap to predict the direction to do it. The where's and why's and all of that stuff, like I said, you're never going to know anyways. But what I'm telling you is to see that and to be able to predict that is how you can consistently make money because those are the people that are moving stocks. They are. So if everybody in this room did a trade that I call it right now or whatever in anything, I can't see any of my charts right now this second, but say it would work, we wouldn't really be moving the stock. It's institutions that move stocks. So, all right, getting back to what I was saying. These are good questions though. I focus on the time of the day. Time of the day, why? That's how you get the money moves. The money moves that come into stocks. And in this case here, this was cost from Monday. The stock dropped down. So I'm focusing mostly between, like I said, the open and 10 o'clock, between 9.30 and 10. So it's very interesting here. You can see, boom, fell off a cliff. This was Monday's move, not Friday's, but the stock opened and dropped into 10. Now, you could have held it longer, but this is the time of the day that you really get the majority of the move. I'd say 75 to 80% of the move of any of this thing that's gaps. That's a gap that you would play and then you get in and you get out. Again, talking about reducing losses, you don't trade all day. You trade in the morning. You focus on a certain time of the day. Either sets up or it doesn't. NVIDIA yesterday was a good long. Didn't see this till after the fact, but I want to point it out because it pushed up immediately, gapped up, closed here, gapped up, dropped, came in, held, rallied, rallied into what? 9.45, pushed one more time up, passed it into 10, went a little bit tiny, tiny, tiny bit over here, but you see here the majority of the move. Again, more than 80% of the move happened between 9.30 and 10. This was Monday, NVIDIA. Had a nice move and actually had a huge gap up today if you did NVIDIA overnight. Stock broke out today to new highs and you could have done this as an overnight. In fact, some one person did do it in the room as an overnight. Times again, 9.30 and 10 a.m. is when you're watching for the move. Eastern, Eastern time, I'm in New York. And the market is based on Eastern time as well. So when I always refer to times, I'm referring to market hours for Eastern time zone. 4 o'clock Eastern is the close of the market. 9.30 Eastern is the open of the market. So all gaps are created with what? Institutional money? No. No, they're not. Only the good ones are. So that's the point I'm trying to make which I kind of already talked about. You have to be very picky about the ones that you do. Gaps happen in the market on a regular basis. However, some gaps are better than others. That's why I usually focus on one or two things a day. Some gaps are nothing gaps and some gaps are very powerful displays of institutional money and those are the ones you're going to make money on, just like that in the video, just like from yesterday. The most important gaps in the market are gaps that signify a change of direction or a bigger move in the same direction. Understanding which gaps are meaningful and which gaps are not meaningful in the market though will help you to know what to do. And then when a change is occurring, which you might want to exit a position, for example, like if you were long cost, maybe you sold out of your long on Friday. Maybe you were out money in the long, but you sold it then because of the gap down from the earnings. Do you follow me? So it's another way to use the system too. But you've got to understand really where the money is flowing so you know what to do. And here again is the market. I just want to point this out about the good ones. This was a good gap to go along in the spy. So this is the one I already, I just blew it up here. You can see here it was right in here where we happened in the beginning of September. So right after Labor Day holiday, market gapped out and we've run ever since. So you know, I don't know how long this gap holds, it doesn't necessarily matter. But I'm telling you, this was a bullish gap that happened in the spy. Now this was a bearish gap that happened back here. See this one in here? Closed here gap down. Yes, if you look at it, it fell in the day. Yes, if you shorted it, you could have made money theoretically as a day trade. But was it a good gap to get an entry in with an exact target and stop and all of that, which we're going to talk about in the trades here from the last week. No. And did it fall through? No. So this isn't a good one. This is a good one. This didn't even last a week. Do you see? Okay. So what was I saying? Oh, here you can see also follow through higher, higher, higher, higher, higher. Okay. So all of this in here stemmed. This is going all the way back to November. It's almost a year now. It's hard to believe it's been almost a year since election, but it's about 11 months. 11 months almost to the day actually. Here's where the spiders gapped up in the election and took off like crazy. So this is almost a year. This is where the market's done. Look at that. It's a beautiful, beautiful move. So you can see who's in control there of the spy, the bulls. Okay. So how do I figure all this out? And what would you learn from me if you came and you wanted to do my class and you wanted to learn from me? You would learn a checklist. It is a 26-point checklist which tells you and predicts in the morning before 9.30 with a high probability of 80% ratio, win ratio, what's direction the gap will move in the day? Will the gap move up? Will the gap move down? So that's what you would learn from me. I look at 26 points in the morning for each stock symbol that I look at like AIG or any of the others. Cost the same thing. I rate it. If it rates 20 points or more, do it in the direction of the gap. If it doesn't, then it's off. Low odds. Like I said earlier, in trading there's not 100% in anything. You're looking at high odds. High odds for doing something. You're never going to make a dime in the market if you're not willing to take risk. So you have to go with what's called calculated risk. What are you going to do that has a high odds of working? So I developed a system over three years. It's called the Golden Gap 26-point reading system and it pinpoints the direction of power money by reading the price in the daily chart of a stock. You prep in the morning before 9.30 and have your picks ready before 9.30. And if there isn't anything by then, then there's nothing good to do that day. And then the rule is you don't trade. Someone's asking here, what's the average dollar value of individual stock positions? As far as average stock price, the range could be anywhere from $5 up to 160 or something like the cost. I don't typically do things that are crazy, crazy expensive and it's rare to do something over 100 bucks but cost is not that hard to trade as far as day trading. It's not that wild or wippy or spreading. But obviously the price point was 150 something. So to give you a range, I'd say typically most of the stocks are between 25 and maybe 55, 60 bucks on average, but they could be from $5 up to the cost. And where you go depends on the leverage you're going to get. I'm not a broker so you have to contact a broker and find out how much do you have to deposit? How much do you get on leverage? Do you need to be licensed? All these questions someone just asked me. It depends what broker that you go to. Some places you need to license, some places you don't. Some places you get four to one leverage, some places you get 20 to one leverage. That's something that you have to do your due diligence in to check out. And you also have to make sure that you can short at the broker and that you have a good short list. Because you need to be able to short because most of the trades are shorts. Anyways, going over here, this is a week of results. And so TTS, this was back last week, a week ago, hard to believe. Here you have the stock were closed up here around 13 something, boom, open in the morning here about eight something. So you see here, the stock gapped down. Okay. And it was a short. Also down in here you have the volume. This was October 3rd. So what happened in this one? This is a one minute chart. So you look to enter in the one minute chart. Remember, you're not entering before the market opens. Boom, you could have shorted it. Went to the first target and you're out. So if you had done this, $9 short price exited at $850, you would have made $1500 with 3000 shares. Someone's asking, what's the total cost of the position? This is how you'd figure out anything, 3000 times $9. But again, the stock price varies. So the cost of the position will vary depending on the number of share quantity and the cost of the stock. But your average risk, now just listen to me, your average risk dollar and cents should be similar. So for example, if your average risk, if you're trying to make a thousand, you want your average risk to be about a thousand. Do you understand that? Did everybody hear me? I just heard a little noisy there. Did everybody just hear what I said? So this has to do with the buying power. So for this, you would just take $9 times 3000 shares. You're going to need $27,000 in BP. So the total position cast cost of the stock depends on what broker you trade at. So this wouldn't have been a costly position no matter where you would have traded for that, because it was on the cheaper end. But your risk would have to be the difference between the entry and the stock, whether it's 500, a thousand, 200 bucks, that has to be similar for each trade. And that's how you set your goals. Okay? Does that make sense? Anyways, quickly here, I know we're running out a little bit of a time. Tiva, Tiva was a nice one here. And actually you guys can watch this, you guys and girls, sorry ladies. You can watch this in here, Tiva close to your gap down. This is hanging on by a thread. It's hanging on by a thread here. Tiva has more room to go. This is more leg in it. So you can watch this. Had a nice move here last week on Wednesday, open rally, boom. Could have shorted it, got the drop. If you hold a little bit longer, this came on down too. Tiva was a good one as well. Again, how would you figure out the cost of it? Boom. Have a calculator next year. I usually figure it out in my head. And you're really going to know the maximum buying power you have in the day. And usually I filled it out in the sheet, especially if it's an expensive stock. Not necessarily for the cheapies. 6,000 shares, price of the entry, 1660, boom. Again, 50 cents. This isn't a million miles. This isn't, I mean, look at the, look at the bar and you could have made three grand. Here, go back. That, the fact that you could have made $3,000 in that is astounding to me even to this day. You know, I mean, this is what makes trading very, very, very attractive as a career. But you've got to be accurate. You know, that's why I look at 26 points in the morning before I pick something. So gaps have to be qualified. You're going to use the checklist and you have to know what to look for in the price of the stock. And if you do, then it's easy to make money. It does not mean that every trade will work. But when something doesn't work, you're not bothered by it and it doesn't ruin your day or your week or your life or your account. You accept the fact that some trades won't work. That's the gray area of the market. You're looking for clues in the morning and you're looking for the clues to tell you that this is a good one. And then you wait for the confirmation, which happens into the open between 9.30 and 10. And that's why you don't get it until after it happens. But the confirmation is the commitment or lack thereof where you wouldn't do it, okay, of the institutional money. So that's how you're reading it. Now last Thursday, then there was nothing. Friday was the cost. Again, you see this one here. This one did fall through from the Monday. It's going to quickly go through here. Stock gap down. This is a one minute chart from Friday. Close your gap down. You can see here where some traders probably tried to buy this in here, but I called it as a short and it worked. So again, this is again, you know, such professional trading here to see the Costco was a short on Friday, especially right into the open because of the move that it made. And it's easy to see this now if you look at the daily. But in the live day, I'm watching this, you know, I mean, this is expert trading to know to short this right in here. So it was a really nice move. Anyways, it went farther than this though. Entry 15870 boom, do a dollar 50 cents out time of the day, going for the day. Again, share quantity here is very different. Why stop was bigger? Stop was bigger in the cost than in the TVA or the TTS. Anyways, profit 1100, go for the day out. This kept going though. All right, this did have a bigger move. Monday cost worked as well. Drop in here, boom, followed through. Today it's taking a rest, I think. Anyway, short in here for the cost on Monday, boom, boom. Again, time of the day, short it, get out. And that is again, these all in a one minute chart. Short entry Monday 15670. Here, you could have taken more on Monday. Why stop was smaller the second day around and a bigger move. It actually went to 154 something almost got to the whole number 154. I think the low yesterday was 154.10, but 155 was a real target in this. You could have made $3,400. Today's Dow, I'm going to quickly go over this here, was a long. I don't know what this is doing right now, but stock close to your gapped up. So Dow was a gap up, rallying Dow has earnings out tomorrow morning, gapped up on some information this morning, whatever it was, rated it, looked good. Here's the Dow. You could have aggressively done it right in here, close to your gapped up. You could have gone along right in here. I actually called it for some people, didn't do it till late. I didn't get this running here. But anyways, this worked if you did it here or if you did it up in here. So then ended up doing a quick scalp quick scalp in this because it was a late entry with the tighter stop, but it actually kept going, went to the target and we'll see what this ends up doing tomorrow morning. Anyways, a quick scalp and Dow did a long 5320 entry, boom, 25 cents, 625 bucks, but it was in less than five minutes. So again, chunk it out, chunk it out, chunk it out. You look for the quality, look for the entry, take it, put the stop, get the move out. Just take it, get the move out. Take it, get the move out, but you've got to get the direction right. And let me just look at some questions here. Got a list of gapping stocks. Do you recommend software? I don't recommend any software necessarily. You can get gaps at lots and lots of places. You can get them for free. You don't have to pay for software. You can get a list of earnings reports for free on y'all who finance as well. I know it's institutional money from rating the gap. So if the gap rates over 20 points per my 26 point system, that's how I know. Someone just asked me about that. But the point here is that you've got to be very specific with what you do. Part of it is having an edge and you can't go with what everyone's doing. I think a lot of people that were traders were trying to buy that cost on Friday and I could tell when we were in it. But every trader needs an edge. For me, it's focusing on one strategy and one time of the day. And that's how you maximize the profits and you're looking to get the move. If you want to trade for a living as a professional trader, the nice thing is you can also do it from home. So if you'd like to learn, I definitely can teach you. You can email me if you're want more information. My class teaches a 26 point rating system to find the best stock to trade each day. It teaches you how to enter and exit the trade and it teaches you technical analysis on a very advanced level and that's really one of the most important things that you would learn from me. And you really would learn how to make money in stocks and how they move. And that will help your attitude as far as trading. So if you're interested in more information, the classes this weekend October 14th and 15th, it's a full two-day course on how to strategically find pick-and-play stops at our professional bearish gaps. The class is online. You can be anywhere in the world and take it from 9 to 5. Cost of the class is $4,999. You can email me if you want to sign up. Here's a testimonial from Vishnu who's doing good smart trader in the room. And if you sign up for the class by today, I'm doing a webinar special. It's just good through today. You would get the option letter and the trading room free until the end of the year. So then you would get all my calls, you know, be able to be in the room money for Friday from now until December 31st, 2017. You would also get an option letter that I offer, which I give option calls. You can do gaps and options too. But the deadline for this is tonight. You'd have to email me for more information tonight. Really quickly, there was a Google trade I called. I just want to show you this had a gap up. This was last week on Thursday called an option in this. Boom. Exit was yesterday up through the number and through the strike, which was 980. So this is just another way to use the system where you don't have to worry about the leverage. If you bought, you know, one contract or 10 contracts, either way, cost was $4. You could have turned them around your money and made 100% return investment. And that's what you want to do in the market. That's why I said flip it around. Take 500, make 500, take 1000, make 1000. Okay. I mean, just see if I have all the questions here. Okay, someone's asking questions here. I don't think Howard understands leverage. If you have something with $156 to share times 2000, the leverage or buying power required to take it is 300 some 1000, you do not need that in cash in an account. Do you understand that Howard? So that's the kind of questions that concern me that people don't understand day trading that maybe I need to have to do some basic webinars or videos on every person that day trades actively trades with leverage, even big professional traders, even traders that have millions of dollars. Why would you not? Okay. So for example, I'm just going to use an example, a retail account. And a retail account, if you traded a retail place, this isn't a prop place, your minimum requirement to open and fund an account is 25,000. You get four to one leverage for day trading. So you get 100,000 in BP or buying power in order to trade with 25,000 cash. Do you understand that Howard? So you don't need 300 some thousand dollars to take a position at cost. You would have needed the buying power, the BP. If you write a retail place, you divide forward by whatever the amount is. If you're at a plot place, it's anywhere between 10 and 20. So for example, if you had a proprietary day trading account with 10 to one margin and you wanted to take a position in costs, let's just easy math here, say the price of the stock at that point of cost would be 150. And you took 200,000, 2000 shares price of it, of the cost of the position would be what 300,000, you would need 30 grand cash and a 10 to one leverage prop account, not 300. Do you understand that Howard? Because you asked the question there. It wouldn't be nearly impossible for many active people to trade if there wasn't something as leverage a margin. And it is extremely important if anyone is trading that you understand that. And Howard, if you're actively trading right now, you should know that if you're not, I'll give you a pass. But anyone that's trained, you got to know what you're doing people. You got to understand this stuff. This is so basic. It's like the, it's like even figuring out the calculation of what the risk would be for something that costs nine bucks for 3000 shares. Or if I call an entry and I say 10 by 50, you're going to know that's 40 cents. You got to know how to size yourself 40 cents times 2000 shares, you'd be risking 800 bucks if you took 2000 shares. This is very basic information that is important that every person that takes a trade, I don't care what you do, you must understand how to do this. And if you don't, then learn it. Learn this stuff. This is basic stuff. Okay. You needed edge and quality criteria to judge a gap. Yes, that's what I teach in the class, Richard. It took me three years by trading actively with real money and making money and losing over a period of three years and creating my system. It just didn't happen in a day or a week. It was a three year period where I put all the points together and I figured out how to do it. I think I answered everybody's questions. Good questions here. Good questions. So if you're interested in more information, like I said, email me here. If you're branding a trade here, don't understand the basics of buying power, margin, or any of that stuff, please reach out to me, call me, email me. I mean, I can explain it to you in five, 10, 15 minutes conversation on the phone, but you do have to know how to do this stuff. You should know how to do that before you place any trade in the market. I don't care what you do. Okay. This is very basic information and I'm over my time. Thank you, everybody. Sorry, I went two minutes over. No problem. Thank you so much, Melissa, for your presentation. We appreciate your time.