 Remember, you have to learn before you could earn. All right. Now, if you're watching us on YouTube and Facebook Live, we are broadcasting live. Just like us and friend us, you have that little button if you like what we're doing here. And if you can share, like I said, the cheapest trade you can make is learning how to trade. Now, let me just bring out our first guest, Jody Sam. Let me just tell you a little bit about her. She is the founder and CEO of FX Trader Edge. She's also an author of the 10 habits that highly successful traders. She has a little bit more of an institutional trading background. She was inspired a lot of traders because of the lack of guidance of developing a proper trading skill in their habits. So she kind of helps them to be equipped with the right real-life emotions, the psychological effects of today's markets. And she's going to be covering a lot of that stuff within the next 45 minutes. So without further ado, everyone, let me just pass everything over to her, Jody. And she's going to share her screen. And like I said, if you have any questions, feel free to ask them in the chat room. But thank you for being here and enjoy the CyberExpo. Oh, so hi. How long do I have? Can you just tell me how long I have? Right up to about the, like I said, up to about 1255 if it's okay with you. That's fine. Okay, perfect. Time flies when you're doing these events and you haven't used conversations. The next thing you know, it's like it goes quickly, but enjoy. Okay. Thank you so much. It's thank you, Fausto, for inviting me to your Cyber Trading Expo to educate traders. Like you just said, I think it's just fantastic what you're doing. So I just want to thank you for inviting me. And I'm going to speak about a topic that I am very passionate about, the top three trading habits for 2021 and how to help traders reach their full potential as traders and reap the rewards that trading brings. This content is based on my book, The 10 Habits of Highly Successful Traders. It gives you a practical foundation to building your trading business, i.e. building that trading account. But I'd like you to stay to the end because I'm going to tell you about my Wavy Tunnel Pro Program coming up on April 11th, where I teach you the strategy to trade the market cycles as well as coach you to make sure you put it into practice and create profits to your bottom line. So are you spending too much time spinning your wheels without making progress? Not sure which techniques to apply. I want to understand the market a little bit better. So that's why we're here today. So in today's session, let me help you to see a clearer vision for your trading business by sharing with you but what I think are the top three trading habits. Let's start with the trader's pendulum. All traders ride on a pendulum every day. Unsuccessful traders ride the pendulum back and forth with no real idea of the pendulum's swing. And successful traders recognize that the pendulum swings and ride it mindfully as a result they make better decisions and better trades. So the pendulum factors, think of a pendulum moving back and forth, it represents two situations arising from trading the markets. So on the one end of the pendulum swing, there is one thing going on and on the other often opposing and there is another thing going on. So ideally you as a trader want to remain or get back to a neutral position because staying at either end can be unproductive. And there's nothing that you can do about the swings but you need to learn how to ride them mindfully. So the lack of skills to weather the swings is what makes trading an emotional psychological roller coaster ride for traders. And believe me, I can attest to that after trading on Wall Street for 15 years, especially trading currencies during the 80s. The markets were very, very volatile and we're experiencing that volatility today. So you're getting a taste of that. Although there was a lot more back then, believe me. So there are three types of pendulum swings that I want to talk about today. First start off the market pendulum. The market trades up and down all the time but how do you know where to exit and where to enter and exit a trade? So you need to learn to recognize the pendulum swings. And by that I mean the trends and the corrections. After we have an extreme and exhaustive move, we're gonna have a correction. So do you think it's time to enter the market after we have a string and extreme and exhaustive moves? And you can actually look at the candlesticks to see that as soon as we have a reversal candlestick followed by a second one, we're probably gonna have a correction. So do you wanna get in after we have an exhaustive move? Absolutely not. Because we're gonna have a correction most likely after that. So the market pendulums are the trends and the corrections and to trade the market pendulum, you need to have a strategy which you can use to trigger your trades and exit your trades. I use Elliott wave analysis to ride the market pendulum. I'm gonna talk to you about that a little bit later. So when the market is very stretched you wanna take a step back and watch it move back to the moving averages, watch price come back. So that's the market pendulum. The financial pendulum is making and losing money. So making money from trading isn't a one way street. And I know all of you can attest to that. On the one end of the pendulum there are times when you make money on the other ends there are times when you lose money. So both winning and losing are part and parcel to trading. It's important not to bet the ranch so that if it's a losing trade you lose the entire account. And it's really trading is all about managing the money in the account so that when you win your wins are bigger than your losses. That's really very important. Otherwise you can work so hard every day for one week only to see the profits disappear at the end of the week from one trade. I hear that, I see that over and over again from many, many traders so you are not alone. And finally the emotional pendulum is best described as the fear and greed continuum. On the one end of the pendulum swing you have the desire to earn more money and be driven by greed to take larger positions. But on the other end you are in fear of losing money and your actions might be held back from fear. So learning how to balance between these two factors is the focus for you as a trader slash investor. Remember greed can lead to exuberance, fear can lead to despondence. So watch these emotions. And that's why it's important to have a trading plan to protect against the emotional swings that can be damaging to the P&L. The more objective you can be with your trading decisions the less emotional you will be. So hear that again, the more objective the less emotional. Okay and these are some of the pendulum scenarios that traders deal with every day. Fear versus greed summarizes the first few emotions below it self-doubting can lead to fear. Overconfidence can lead to greed. Being too cautious can come from fear. Reckless trading can come from greed. Also it's really, really important to be organized in your trading to have a schedule that you're gonna follow during the week to make sure you review all of the trades that you have on the books. Make sure that you have a plan for every single trade that you have on the books. And sometimes flexibility is really a good thing. The market changes every day, every minute. So why be stubborn with your view? And calm versus nervous. When we develop self-confidence in our strategy and our trades we become calm versus nervous. So let me tell you about the technical traders trap before we go into the top three habits. Here we have Farrah and Fred. There are technical junkies in the technical traders trap. They are out of shape. Farrah was a retired IT professional. She decided to take up trading and after three years of searching the internet for the next best system, she found herself out $50,000 between money spent on buying systems and losing money trying them. So let's call her frustrated Farrah. Fred was a highly paid engineer. He was sick of working for an employer and he had an ex-colleague who told him about trading that attracted him to trading. So he quit his job and jumped in with both feet. He had some capital and after a year he remained in seeking mode. Endlessly going after every secret strategy that trading gurus guaranteed to bring success. And that's what I call the technical traders trap. So both of these traders had no business plan. They weren't making money consistently. They lack discipline and I like to call that habits because everybody can develop good trading habits. They traded emotionally with no trading plan. In short, they were out of shape. So there are technical junkies, but now let's move to Steve and Stacey are transformed entrepreneurial traders. Do you wanna become an entrepreneurial trader? I hope so. So Steve and Stacey are transformed. Let's see what they do to run their trading business. They're at the other end of the spectrum. Stacey started her trading career slowly and steadily. Took her months to settle on a system and run tests to prove her strategy. One with which she was finally comfortable. Although selecting and testing her system was a long process as a result of this work, this legwork that she had been making consistent income. At the same time, the freedom that trading provided had allowed her to be a stay at home mother. Even with COVID, at this stage in her trading career, trading seems to offer her more flexibility, intellectual stimulation and reward. So she's good to go. Steve has a really solid trading routine. He has a trading and wellness routine. By six o'clock, he's in his study meditating and with his meditation, he clears his mind but he also becomes focused and determined before his trading days. And this is really important for his life and his work as a trader. After his meditation, he takes a little run. He takes a little jog for 30 minutes. And then he comes back and he has his breakfast and he's ready to start work in his home office at 7.30 a.m. He launches his news feed and he starts reading the overnight news to see what went on and he gets prepared. He looks at his book, he looks at his trades, his positions, he looks at the markets and he decides what action he's gonna take if certain criteria are met. So both Steve and Stacey used to be technical junkies but they have transformed themselves into successful entrepreneurial traders. They both have a business plan. They're both making money consistently. They trade with discipline. In other words, they've developed proper trading habits. They trade unemotionally and they have a clear trading plan. In short, they are in shape and here's how they became successful. This is the trader's quadrant. Stacey and Steve both moved from the left side of the chart to the right side. So what does it take to move from the left side to the right side? Learning the habits of successful traders. On the left side is the technical trader's trap and new traders and experienced traders can live there. On the right side are the transformed traders. So on the left side, let me ask you a question. Do traders on the left side keep track of their trades and learn from their mistakes? What do you think? Probably not. Do traders on the left side trade at organized times during the day or during the week? Probably not. Do traders on the left side just take trades and hope for the best? Probably. So on the right side, you have the transformed trader. A new trader can develop good habits and become successful and an experienced trader can learn from their mistakes and become successful. So let's jump in right now and start with the first habit that we're gonna discuss today, which is habit number five out of the 10 called understand and exploit your unique trading personality. What trading style do you prefer? There are many different trading styles due to the simple fact that everyone is unique. All have different personalities and different personalities are better suited to certain trading styles. So for example, if you are sitting in front of the screen and you screen watching the market action and you love that, you may prefer momentum or day trading. Also, you might be a new trader starting out and you need to take a lot of trades to really understand the mechanics of trading, understand your trading platform. So you might even start as a short-term momentum or day trader. Also, you might be the type of person that isn't very patient. So therefore, you wanna just take your position and take your profits as soon as you see your profits and then take a few trades during the day and meet your day trading P&L and be done for the day and go work out or go take a nice walk. We're having beautiful weather now finally in Toronto. So these are all of the things that you have to think about for short-term momentum or day trading, but make no mistake, whether you're a short-term, medium-term or long-term position taker, the difference is you can make the same kind of money. The difference is you're monitoring every day for short-term momentum or day. Maybe you're monitoring once a week. Well, every day you can trade, but in other words, monitor what you've done at the end of every week if you're a swing trader and maybe you monitor once a day for long-term positions and really take a look once a month. So if you like to analyze the markets and establish your trade plan and let your trade play itself out, you might be better suited to swing trades and you might set three different profit targets and hold the position for one to three days. I'm gonna show you a trade management strategy today as well. And as a long-term position trader, you might be holding your positions for at least a month if the market is going your way. So for this, you need patience, mental stamina and the ability to ride down, draw downs. And there is no right or wrong style. The key is finding the style that suits your temperament and lifestyle. So look at this matrix to help you determine the trading style that suits you. There are a few, in addition to short-term, medium-term and long-term, what kind of trader are you? Are you a conventional manual trading person or do you prefer to automate your trading strategy? So as a manual trader, you may be discretionary in your trading or you may semi-automate your trades. You might decide to automate when you get into a trade so that your system shows you when to get in and then you manually execute the trade and set your stop and profit targets and monitor your positions. As a fully automated trader, you have, it's set on autopilot for you, but make no mistake, please don't buy a black box system unless you understand what's behind it. Most successful traders that automate their trading build it themselves and they know exactly what the strategy is and they've tested their strategy, they've traded it manually and then they go on to automate it. So that's my only caution, very important. Let's move on now to habit number, the second habit which is habit number six, follow a system. We've already said that both discretionary and systematic traders have systems. If you look at highly successful organizations such as Microsoft, Amazon or Walmart, you find these companies are doing the same thing the same way every day with consistency. They find a winning formula and adhere to it. So ask yourself if you have that winning formula to get that trader's edge and if so, are you executing that formula or system consistently? So you have confidence in your ability to follow it. So you may have started out like Ferret and Fred going to lots of seminars, taking loads of courses, trying every guru system. So at some point you need to stop jumping from system to system, take a step back, develop your own game plan, your own system for your own trading style and temperament. You will formulate what works for you. You may need some coaching, some mentoring and that's fine but what's really important is that you develop confidence in yourself and your system to follow it. And sometimes that means reading it out every day before you trade so that you are clear what you need to do because our mind plays funny tricks on us, it really does. So developing habits to follow our system, it's a daily thing. Every day we wake up and we get the opportunity to do it all over again. And the more boring it is, I say the better it is. So we like boring as traders. We don't like excitement as much as boring. Chart setup, general rules, entries and exits. So your chart setup is the specific chart setup, the indicators that you have on the charts. If you use indicators, you are the markets that you're gonna be trading. You set up your trading platform with the markets that you're gonna be following. You might have a few different screens. You wanna be clear on the time zones that you're trading. You might be in different parts of the world. So just be clear which time zone you're gonna be trading. And if you trade forex as a 24-hour market, if you're trading the US market stocks, well then it's a define, you're trading the US market. You also would have up on your charts the time frames traded and that has to do with day trading, swing trading or long-term position taking. And like I said, you dress up your charts with indicators, tools or even price action, candlestick patterns to help you identify a new trend and to help you confirm the trend and to help you get in. We spoke about general rules briefly. That's a set of rules that hold true all the time and it reminds you to stick to the plan and I would recommend writing down some rules that you would like to follow every day and read them before every trading session. Then you have your entry and exit rules. What triggers and this is part of the trading strategy. What triggers the buy and sell decisions and what triggers your exits including stop losses and targets. So let's just take a little break now and talk about the market cycles and discuss the difference between trending and sideways markets. This is a picture of three different timeframe superimposed over each other. So the red line is the daily chart. The, which is the longer term trend. The blue is the four hour which is the more medium term trend. And the green is the one hour which is the more short-term trend. So the market might be bullish it might be in an uptrend on the daily chart but notice what happens with the four hour and the one hour. They cycle up, they reach a point of exhaustion and they come back to the averages. They come back, they cycle back, they retrace, they breathe. So this hourly chart, this is an elite wave five wave sequence with a three wave pullback, another five wave sequence with a three wave pullback, another five wave sequence waves for waves one, three and five. And then we have a bigger correction. This is how the market unfolds in a simplified fashion. But this is pretty well how the market unfolds on every different time zone or timeframe. So even on the four hour chart we have a nice five wave move up and then we have a nice pullback. So your job as a trader is to, if you're bullish is to get in on the pullbacks, now notice what happens at the beginning of the market cycle and at the end of the market cycle. This is what I call a market reversal. So here we're moving lower and then the definition of an uptrend is higher highs and higher lows. And in this case, lower lows and lower highs on the left side of the market. So when do we become, when do we change into an uptrend when we have a higher high and a higher low which would be once we take out this point here and I hope you can see my cursor. The market moves up, it corrects and then it moves back up and takes out this high and now we have higher highs and higher lows. So that is the start of the uptrend. And that happens at the end of the trend also for a market reversal. So just keep these things in mind when you're trading. Now let's look at the next chart which shows you what a sideways market looks like and what a bullish market looks like. So we have a bunch of moving averages here and when the moving averages are moving up and separating that's when we're in an uptrend. When the moving averages are twisted in sideways the market is in a sideways consolidation phase and it's best to wait for the trend continuation before buying in an uptrend or selling in a downtrend. Now you can trade the sideways markets you can trade the twisted moving averages but you just, you need to trade it a little bit differently you're not just gonna be buying and holding. So just reading from the top this hourly chart highlights the moving averages that capture the broad trends in this market when the moving averages are pointed up and separating the uptrend is in full force and the trader can buy the dips. Notice how you don't know what this is this could be a stock, this could be a currency pair you don't know and you don't even know that it's an hourly chart. You only know it because I told you but this could be a daily, it could be a four hour it could be a one minute and it could be any asset class whatsoever it can be a commodity, a stock, a currency pair a cryptocurrency, it can be anything you don't know. Why? Because the markets are scrapped and all the markets trade really in the same way. Now it is important to understand like the personality of the markets that you're trading also there might be some specific things that you can see from different asset classes that you're trading and there might be some seasonal factors affecting the market so I am oversimplifying a little bit. Let's go back to habit number seven plan the trade and trade the plan. So in our wavy tunnel pro system which I'm gonna talk to you about at the end we have different trading strategies. We have four trend strategies and two end of trend strategies. The trading system is a collection of trading strategies. So I define the trading system as the combination of the analysis techniques that you use and the trading strategies that you use. So in our system we use Fibonacci, Elliott Wave and Harmonix and the strategy is called the wavy tunnel pro strategy. So that is just an example. Now the trading strategy consists of entries and exits based on price action, analysis techniques and or chart setup with indicators. However you read the markets, whatever strategy you learn to read the markets to determine your entries and your exits that's the trading strategy. And I mentioned that we have six strategies and not all traders use all six. Again, traders have different personalities and some tend to gravitate to one or two and others tend to gravitate to another one or two. You don't have to trade everything. Some traders might be better at trading trends, other traders might be better at trading end of trends or sideways markets, it really depends on you. The trade plan is a set of rules for when the trade opportunity arises. So it's specific to the market that you're trading. The path to greatness lies not only in our performance but in the systematic practice we put into it. So trading mastery is about internalizing patterns, rehearsing, execution skills. So you gotta know what your trading platform is all about and how to navigate your trading platform. That's where you execute your trades and you will learn from market feedback. The market will tell you very quickly whether you're right or wrong. And it's all trading mastery is also about preparing your trade plans so that you are fully prepared for whatever the market brings, whatever the market brings. I'm gonna show you my trading blotter which is a manual trading blotter and these are all of the elements that I like to look at when I'm trading. I like to do the analysis first and then look at my checklist or scanner to see what high probability trades there are, then create a trade plan and do a post market review. So you can take a screenshot of this if you'd like and you can determine your own trading blotter but across the top we have the analysis and you can use your own analysis. Again, we use elite wave analysis and harmonics and Fibonacci. So across the top we have just simply what is the trend, the monthly trend, the weekly trend, the daily trend? Is it up, is it down? You need to know that for whatever market you're analyzing. And then what are the support and resistance levels? And you can have these right on your charts. Most traders do. So you don't need to fill this out. You can just put them right on your charts and to learn a little bit about what the other markets are doing, read an article once a week or once a day every morning if you're trading every single day. Read an article to see what happened overnight and to see what the various markets are doing. So have a look at the different asset classes. Have a look at the global equities market. What interest rates are doing, what oil's doing, what gold is doing, what crypto's doing. So that's across the top, the analysis. Then across the middle, that's your trading strategy. So you have your trading rules, indicators, confirmations. It can just be as simple as a checklist. And then once you automate it, it will be automated in the strategy, in the trading platform. So this tells you whether you should go longer short is that if everything is checked off long, well, that's a pretty good indication that you wanna be going long. If it's very mixed, well, maybe you should hold off. And you can write your comments down. And then once you've gone through and you've come up with your high probability assessments, you wanna do your trade plan, okay? And that's where you set up your trade. Where you enter what your stop losses and where you take your profits. At the end of the day, you wanna do your post-trading analysis and you have your feelings before trading, your actual trade planning, and then your end of day or end of week, your actual trade results where your targets hit. Did you follow your trade plan? So now I'm just gonna talk to you about a trade management strategy that I developed. It's called the three profiteers, which is number two here, getting in all at once and taking profits at various levels. So these four strategies go from simple to more complex and which strategy to choose is a function of the trader's experience. The first one is the most standard and simplest. It's for new traders and even experienced traders getting in and out all at once. So if you're a momentum or day trader, you're probably gonna use this anyway. But I'm gonna show you number two, getting in all at once and taking profits at various levels. This is good for maintaining balance on the fear and greed continuum that we spoke about. And it's perfect for perfectionists who wanna capture every last pip or every last dollar in the move. And I really developed this for me because I tend to be a little bit of a perfectionist. So what does that mean exactly? It means that I wasn't happy if the market moved my way and I took my profits too soon. And then I would get into the cycle of letting it go my way and saying, well, I'm just gonna wait and then watching it go back to where I took the trade and giving up those profits. So that's what I mean by perfectionist and that's why I developed the three profit tiers to take profits along the way. And this is how it works. Determine the potential profit area, the PPA, and assume the PPA is 100 pips and with stocks, you use dollars. So assume the PPA is $10 or $100. Then you use the Fibonacci sequence. This is the Fibonacci sequence and it goes even further, but we're just gonna deal with these numbers here and pick three profit targets, the third edding at your PPA. So in this case, the PPA is 100 pips. So the Fibonacci sequence to determine your profit objectives, we work backwards, we would start with 89 and then go to 55 and then go to 34. And in the case of stocks, we would go for, if we use $10, we would go for $8.90, $5.50, $3.40. Then you set your stop loss at the first profit target. In this case, it's 34 pips. And move your stop to break even once the first profit target is met. And you can move your stop to P1 once P2 is met. You calculate your risk reward and with stocks, this is your risk reward with stocks. No, well, no, you use dollars. So it's the same. $5.90 versus 59 pips. The risk reward will be exactly the same, 1.74. So this is, I'm gonna show you a currency example and a stock example. So the price moves down here and we're expecting, we're anticipating price to move back up again into the wave. This is a 55-pip difference from the profit target and the trade entry. So we work backwards from 55 and we set three different profit targets, 55, 34, and 21. And that's how we just set it in our trading platform and then we follow it and we see. So all three, when the first profit target is hit, we move the stop to break even and then we move the stop to P1 when P2 is met. And then we're out of the trade when the three profit targets are hit. Maybe only two profit targets are hit. That's why we move our stop. So we don't lose money on any part of the position. We're gonna be proactive. This is a stock example, Microsoft. So at this point, this is the trade entry. The market has a nice reversal candle. We're going to leave a stop sell to 40, 85, and our profit target is down here, okay? 231.40. So there's a $9.45 difference. So we set our three profit targets using the Fibonacci sequence. That's $8.90, $5.50, $3.40. And this is just the semantics, what you do. You take all three positions at the entry price. This is your first profit target, second and third, and you move your stop to break even when P1 is met. So you're protecting yourself. This is your stop loss. And this is what happens. So you get filled for your first target here, your second, and your third. And you're out of the trade. You're out of the trade. And you're onto the next trade. That's a good trade. This is the Wavey Tunnel Pro, by the way. And this is the system that we use, and this is what I'm going to be talking to you about shortly. So we just talked about, we just learned three of the 10 common habits of successful traders. And the simplest way to succeed in trading is to learn from the best and model their habits. So why should you practice these habits? Because learning them will help you save a lot of time and effort, make more money, and achieve your full potential as a trader. And I really do believe the trading is about building habits. It really is. Getting into that routine and just understanding what those habits are, and just working it, working it, working it. So you can always replace negative trading habits with positive trading habits, and you will see dramatic change in your results. Dramatic change. And the day came when the risk it took to remain tight inside the bud was more painful than the risk it took to blossom. So really it is my hope for you, all of you today, that you achieve much personal and trading success in the many years to come. And now I'm going to show you how you can develop the proper trading habits and how you can join me in my upcoming training starting April 11th. So I already told you that we use the Wavy Tunnel Pro strategy. And there are six trades, four trend-following trades, and this is what we call them, breakouts one, two, three, and four, and two end-of-trend trades called PW Infiltogap. And this is the eight-wave market cycle where you have the eight-wave market cycle, where you have your trend move, and then you have your corrections. And the Wavy Tunnel trades trade the various parts of the market cycle. And like I said, you do not have to trade all of these trades. Some traders really like the breakout one trade. Other trades, traders really like the breakout threes or the breakout four. So it depends on your trading personality. And we figure it out together what's best for you because I'm also a trader's coach. So I help you to decide what's best for you as a trader. Once you master the simple concepts of using the Wavy Tunnel Pro strategy, combined with the bungees and the semaphores, you can make more accurate high probability trades each day resulting in more profitable trades. Thank you, David. This is the trading system that has worked for me over the past 30 years in counting, and it can work for you too. The Wavy Tunnel Pro five-day accelerated trading and mentorship program, you can start now and join me for coaching starting April 11. So all of the course material is there already, and or you can take the five days and work with me for the five days. You can do both. The Wavy Tunnel Pro is a solid master's in trading education for all asset classes, instruments and timeframes. No special software is required and it works on all trading platforms. And as I mentioned, this is our flagship trading program, my personal system to achieve consistent profits in any market, and this starts on April 11th. This is my team. And Neil is, runs the trading rooms and he is, he runs the trading rooms and his, the students are really, really doing well with the high probability setups that they, that they are trading during the week. And Jeff is our automated trading specialist and stock and options master trader. This is how we'll do it in a one week program. Section one is the Elliott Wave series. So that's day one. And what I've done is I've taken all of the training that I've developed and I've created really nice videos to capture what I think are the most important points from all of the training that I've created. You still have access to the archived training, but I've really tightened it for you. So on day one, we learn all about the Elliott Wave market cycles. On days two and three, that's where we focus on the Wavy Tunnel Pro trading strategy. On day four, it's all about live trading, going into the trading room and really looking for setups. And day five is about incorporating harmonics strategies with the Wavy Tunnel. I call it the icing on the cake. You'll learn the exact trading system I've used to successfully trade in both institutional and retail markets over the past three decades. There is more than 60 years of trading wisdom collected here. So what's the price? It's $12.97, or three pay $4.97 each. And it starts April 11th and you sign up at wavytunnelpro.com, wavytunnelpro.com. So what do you do next? You click the purchase button, choose your payment plan, get your login info and gain instant access to the full Wavy Tunnel Pro course. Five days, 30 training sessions, as I said, pruned and really tightened up. The premium bonus is the live Q&A and coaching sessions and mastermind that I'm going to be holding with you three sessions a day for five days. And you will have, you will also have access to 15 live Q&A and 11 student trade analysis sessions comprised of trade review and analysis where you will internalize the concepts with numerous examples for practice to speed up your development. You will also have access, premium bonus to the Wavy Tunnel Pro and WaveCount Desk membership with the trade scanner for 4x stocks commodities and crypto for London and New York trading and analysis rooms per week, daily WaveCount videos on 20 markets, trade with confidence videos and psychology podcasts and trade alerts with entry stops and profit targets on Telegram and Discord membership channel where the members can communicate with one another and our automated trading tool. So just a few good trades will pay for this entire program. So I see that the link that was posted there is a different link. So I apologize. WavyTunnelPro.com is where this program is located. And so just check it out. But you can certainly click on the link that's posted there because that will, it looks like that will get you to try it out. That will get you to three Elliott Wave videos. So you may as well start with that. So we are going to hold your hands and mentor you to success in the Trading Room and Discord channel with our successful members who love to pay it forward. Join the stock channel with our options expert and join the Forex channel with our Forex expert. And again, if you're sitting on the fence and certainly watch the three videos that we have created, especially for you with this, with this event. And if you want to just jump to the head of the line WavyTunnelPro.com. So this is the price and just to recap, it's a five day accelerated trading and mentorship program with 30 trading sessions in live Q&A access to now to the WavyTunnelPro original modules lifetime access to the trading material and access to the WavyTunnelPro mastermind and trade review. You can also use the WavyTunnelPro to internalize the setups and you will get one month free to the WavyTunnelPro WaveCount Desk and Scanner with premium concierge support Discord channel special reports. So just take action now go to WavyTunnelPro.com or just copy the link that's in there if you're sitting in the fence but this is the this is my exclusive lineup over the next 24 hours you will receive my business plan for traders and investors so this discount ends on Sunday $12.97 is the best price. Accelerated trading starts April 11th. So if you have questions you can certainly contact me at jodyfxtradersedge.com I enjoy speaking to traders and helping you decide what's best for you. Again every trader is unique and I realize that there is a lot of material out there but this is a great event for you to be at. Thank you Fausto for organizing this. You have four great presenters so if you didn't resonate with what I spoke about today you have three other presenters that you might resonate with. So thank you so much and do we have any questions? Yeah if anybody has any questions for Jody it's probably a good time to kind of shoot it out there just really quick Jody the thing I was very impressed about that little Excel spreadsheet that you have how to actually people get that you have to be part of the program I can give it out to people if they email me okay great that's fine I'll be your first customer what? great traders always surround themselves with great traders I tell people that all the time and you have to learn you can always learn something so hopefully everybody can pick up something you got a question right here are you a TO so that what traders platforms are using what trading platform I using so yeah so I use awanda for forex and I use thinkorswim TD Ameritrade thinkorswim four stocks and options yeah thinkorswim is a very good platform I've been using that for a while too obviously it's all about also support too that kind of helps out too so stick with what everyone else is using not everyone else is not using yeah I think you just have to try it out and see what yeah the support is good I like the support that I'm getting there as well yeah that's good it's good well listen Jody thanks for having us and have us coming here today and taking the time talking to the audience and hopefully everybody will take advantage of that promotion that you have and we'll looking forward to having you back here again in the near future and if anybody has any emails or emails up there Jody at fxtradersedge.com if you have any other questions listen you know what the last thing that could happen is that you go out there and you get something that you couldn't get on a YouTube or an email but just a quick little talk to Jody we'll help you get you to get you there but thanks again for coming and we'll look forward to seeing you again Jody thanks so much Fausto bye everyone alright everybody so let me just go out there and take over the screen here really quick let me just share you my screen let me just give me a second here alright so if anybody could see that really quick could everyone see my screen okay alright perfect just give me a second here get a couple of things moved over here and then we will get started alright just wanted to get the camera up and running and then ready to get going alright perfect everybody so it looks like I can see everybody in the room and hopefully you like that little presentation with Jody and listen we have a lot more that's coming up the presenters after me I'm going to take over right now and I want to talk about a little bit about how to become a successful day trader in 30 days now I know a lot of you know who I am some of you are my students here some of you are part of my trading room maybe some of you heard me for the first time but I'm here to kind of educate you guys a little bit more about the everyday trader and what we do and how we trade today's volatile markets which once again we saw what happened in the last couple of days we're getting this little correction some of you guys traders are a little nervous you don't know if this is time to get in time to get out but as a day trader we look at things differently we look at opportunities how to trade during the day now what I'm looking to do let me just break let me get my animation spotlight right here so you guys can follow along my little dot there you go alright but I have to understand that when it comes to trading ladies and gentlemen that trading is very very dangerous you know results can vary from student to student people can lose a lot of money doing this you know even by even getting educated but the way I look at things where I train my traders I try to teach them how to stop losing money not teaching them how to make money because winners take care of themselves so losers everyone has a problem but once again just got to be very smart when you go into trading don't go out there and risk what you really can't afford and I just want to be very compliance everybody knows that because it is a very big failure rate and the reason why a lot of people fail because most of them try to do it on their own without getting proper education and even education still might not not help but at least gives you a fighting chance now what we're going to learn today is a couple of things we're going to talk about in the next hour I'm going to tell you a little bit about what is day trading what does it do what does it work how can I make a living of day trading okay because day trading back in the old days had a very very bad name to it now all of a sudden it's making a big comeback everybody wants to do it day trading has exploded you know by I can't even imagine how much it has been going on as percentage wise but people start to look at it that what is day trading and why was it a bad thing I can tell you why a lot of people really were not day trading we're going to talk about why the people fail so hopefully you're not part of that that group of people how to find stocks to trade because as a day trader you're looking at what's really moving how did you find these stocks and also one of the biggest things that probably going to make you fall off your chair is that what is level three you heard about it but you don't know wait a minute I know there's level two my brokerage from there is a level three how about this there's a level four could you imagine that you've been trading blind wait till you see this is going to fall off your chair and you're going to realize exactly why people are trading blind versus not doing the right way but before I do that let me just give you a quick little introduction for some of you that do not know who I am I've traveled around the world I competed against every school that wanted to go up against me and I beat every single one of them now I'm not saying that for an ego I'm just telling you that there are people that are traders and there are people that are not and the thing is this being a champion does not make me a very good teacher okay so what I'm going to do at the end of my presentation I'm going to invite every single one of you all of you that are in here today to do my professional trading room that I started 25 years ago and you're going to see exactly why I teach how I teach my trades be very successful at it and the worst thing that could happen is that you find out it might not be for you but at least you could say you were in a room with a 12 time world champion the longest running school in the industry and basically and see people actually make money doing it SG yes it is being recorded absolutely and then people always ask I love this question I don't know how everybody else answers it but why do you teach well I've been doing this for 25 years and I lived here in New York it's the financial capital of the world but what ended up happening was when I started the only way I became very successful is when I started working for someone I worked for a trading firm I was a market maker what is a market maker actually I'm a trader for a brokerage firm that's what I was doing and let me tell you something what I've learned sitting in a presentation like you're doing today I lost a lot of money in trading and I was 22 years old and I deserved everything that happened to me because I didn't realize everything that I was doing was the totally opposite I didn't realize that there was this machine that was called Instanet I was able to trade with ECNs and all that I'm like oh my god this is the greatest thing so what I ended up doing is that as a trader let me put you in my situation back then like today's times you got to buy education back then you couldn't buy education you had to work for somebody and the compensation for working somebody is that they charged you to work there it gave you a desk fee and you split the commissions so I didn't I was semi-retired at the age of 24 I did really really well but I didn't see myself working for these people and splitting my profits I'm like after a while you're like it's a lot of money do I really need them so what I did was I started my own firm and I didn't start a brokerage firm I started a trading school because I needed to teach people to trade the way I've learned so we could trade together in the community so I started one of the first online educational schools and the first chat room in the industry so you're going to get the opportunity to be in the first trading room ever to see exactly why and everyone is doing what we're doing and why everybody's copying Cybertrade University which is very flattering I don't take that in a bad way but you're going to see what it's all about but the thing is this to be a good trader you have to teach people how to trade and what to look at because we're sharing ideas back and forth there's no platform out there there's no software out there there's no crystal ball okay you have to surround yourself with good traders to become very very successful now I have a question to ask everyone here I'm going to do a quick couple polls I want to launch a poll right here first I want to get to know could everybody just tell me what kind of trader are you are you a stock trader an options trader futures trader forex just want to get an idea of what kind of traders we have here so you guys answer that it has just put in the chat room I mean on the poll alright so I'm going to share this poll with everyone and so basically look like we have a lot of stock traders which is great we've got some option traders futures and forex so this is what I tell everybody don't worry about oh I gotta trade futures you know oh I gotta trade this is the way I look at it you remember what today's topic is how to be successful in 30 days the thing is this if you're not making money or seeing success within 30 to 60 days you're probably better off trying somebody else to teach you or try a different market there's nothing wrong with that we all know there's a great business pays a lot of money but if it's not working for you and you're not seeing it that's okay that's why you gotta go that's why just try something else because I rather do this than a small stimulus check which by the way I don't even know what the hell that's going to cover in today's times so anyway I day trade for one reason I like to sleep at night day trading is you're in and out the same day that's basically what it means if you hold a position overnight you are no longer a day trader you're a swing trader now do I swing trade yes of course I do I manage my own IRA I'm not going to give it to some schmuck trader for me and lose it when I could just do it myself what I need them for and then charge me a commission you know what I'm saying like you work so hard that you don't need someone else to show you 5-10% you could do that probably in a day or in a month so that's one thing but day trading is a strategy where you're just focusing on a day's pay we don't care what we trade we don't want to know what we trade we want to make money so as a day trader we're just looking for a day's pay if it's $200 a day, $500 a day $1000 a day that's basically the strategy behind it how I made that $200 a day is irrelevant if I told you I traded what are they trading to in the trading room they got a stock up there right now let me see what they're looking at ODT okay I don't know I'll just bring them to a chair with you guys so you can see it so they're looking at this stock right here ODT this is where I'm going to invite all of you guys the stock went from $3 to $380 okay so I mean when you look at it you got Kenda made $0.34 right now in IQ Can Can's drop in you can see all these traders you know what they're looking at but this is what we're trading okay stock goes from $3 to $380 you bought a thousand shares of that stock I don't know $0.80 thousand shares $800 you know what is that $200,000 a year who doesn't want that job you know what I'm saying so there's definitely a lot of opportunities out there now how do day traders become very successful a couple of things I want to clarify first of all this is probably like 80-90% if you have the wrong brokerage account I just we just have a new student that just signed up with Cybertree University and he told me he's like I got E-Trade and could you tell me a little about them I said I can't because I don't do business with them and he asked me why and I said I'll tell you why they don't pick up the phone they don't I mean it's just not there for you they just don't you know he told me he's emailing them I'm like this is why you have a problem you can't do business with somebody that you got money on the line that's not going to give you the customer service that you need and that has a lot to do with having a direct access broker then dealing with some big brand name TV commercial on the Super Bowl you know giving you free tickets it just doesn't work okay listen I think this is how I compare online brokers I love public transportation paying $2.50 to take the bus that's pretty cheap compared to buying your own car try to explain that to a pregnant wife that's going to give your birth to your child oh honey we got to wait for the local bus it's going to be back here oh you're in labor it's 12 o'clock okay the first bus could be at 6.30 yeah let me know how that works out for you I know it sounds ridiculous but you want to deal with public transportation or you want to drive your own car you know there's going to be an investment you got to have the right trading execution a lot of you here I noticed that when we train traders they have the wrong platform they don't have it laid out properly they're saying wow this thing is confused how many of you can raise your hand and say thinkorswim's a confusing platform it's like you know I keep they give me these windows and you have to actually make an appointment with them that they have to show you how to do it which is great you know but every trader is different if you're an options trader a forex trader a stock trader a day trader different platforms different platforms or different traders also as a trader too we only trade an hour in the morning and an hour in the afternoon what do you think I'm doing right now you think I you think I could actually be doing an event and have money on the line I mean I can't you think I'm really that multitask no absolutely not so it's not a full-time job you know so for some of you worried about can I trade all day no it's not it's also you know it's all managing and finding stocks and the big percentage gainers and losers that's how we actually go out there and then most importantly you've got to be part of a team how many of you here could raise your hand and say you know what I'm trading by myself yes I'm in my basement the first thing I ask everyone is who are you trading with myself how could you run a successful business being the owner the manager the cashier the stock boy the delivery man like how could you run a business like that I mean I know we're getting better in today's times but you know what you're running a business you got to surround yourself with good business people my dad always taught me something I want to share with all of you when I was younger my dad always taught me and said son he's an immigrant from Italy first generation I'm first generation Italian and he came here with $20 in his pocket and we really I mean I'm basically a self made millionaire and same thing with my brothers and sisters but meanwhile we were sharing a room with three kids how does that even happen well the American dream obviously worked out well but we were hard workers and my dad always told me he said listen how do you become very successful how do I become a millionaire he says you know you become a millionaire hang out with millionaires and I'm like wow that's pretty that makes kind of sense now but well yeah if you hang out with troublemakers you end up being a troublemaker right so how do you become a good trader you hang out with good traders you think that you could be a good trader by doing it yourself I mean it is a chance it's possible but at the end of the day why you got to learn the hard mistakes when you can learn from someone else's mistakes that's one of the big ways of being very successful in trading and so that's why a lot of people fail people start mixing day trading with swing trading with futures trading and then they start getting oh let me do options because I could buy more now they're doubling down and tripling down they're reading too many books everybody has an excuse other than hit the button you know what I always tell everybody buy less shares and trade more the only way you're going to learn is you have to trade the only way you're going to learn is have somebody that's going to be piggybacking you and watching you and telling you you know being a coach basically and a lot of you here are going to need more than one mentor just how it is listen my we're all probably trying to lose some weight right we're all probably trying to do the best we can try to get healthy we get older we get sicker we see the doctor more often so we want to lose a couple of pounds so I went to the doctor and obviously I had to practice what I preach so I said listen doc I need to you know obviously with COVID I think we all gained a couple of pounds so he came up to me and he said listen I want to see a nutritious this and that he goes and he's like wow I can't believe it you actually want to see somebody tell you what to do and you want to find somebody to mentor you he goes yeah of course well I think I'm going to do it myself he goes I mean I need someone to tell me what I'm doing right and wrong you know I can't do it all myself because after you do the 17 diet you then you're going to realize you're going to have to hire someone to help you and that's what trading is all about and that's why a lot of people fail in trading so let me show you exactly what I'm talking about did anybody see this stock JFIN JFIN the stock went from $5 to $13 in one day in the matter of was it one hour about two and a half hours did anybody see this stock $5 stock to $13 $5 minus 13 is 8,000 shares could have been $8,000 I mean I don't know did anybody no one one person two that's it there's over a hundred people in here no one saw JFIN this week okay what about the next day you probably missed it on Monday how about the next day went to $15 Lewis you did obviously being a student guys don't be shy Adam Bill Bob Bonnie Cheryl that's our picking on people Gene Gary Mills we got here Jill Lee but why are you guys afraid I miss stocks all the time if you didn't see it just say no I didn't see it but are you asking me how did the stock go up then and that's the $64,000 question why did it go up why did it go up so high why did it go up in such a very quick way this is why we love day trading so how do you find the stock before it makes the big move that's what it's all about and it's very simple you got to follow the money first place that we always teach our traders is this we work through our big percentage gainers okay and you could see Jfinn was obviously not up a lot it was up about 24% there was a couple other stocks that trade a little bit higher but what I do when I teach my traders we work off a scanner and in that scanner we're going to go out there I'm going to teach you how to just specifically pick the one that's going to give you the least amount of risk with the high amount of reward now if you follow me on YouTube and Facebook live I know we're broadcasting live also if you like us you friend us click on that little bell you know I always do a live broadcast we do a watch list every morning once again it's watch list doesn't need a buy list because buy lists are really legal but we do a watch list and we tell you what looks like out of all the stocks they're going to give you the least amount of risk with the high amount of reward now how do we know this they're going to go up well the strategy behind Cybertrain University is following the money I think we all can get that right does that seem hard follow the money well how do we follow the money well remember when I first started and I was like you when I first stepped into this order stepped into Serena I was introduced something called a an incident machine and that incident machine back then for a 22 year old kid cost a thousand dollars a month could you believe that I had to pay a thousand dollars to trade on that platform today cost fifteen dollars and it blows my mind where I could show you 70% where all the buyers and sellers are all the dark pools all the spoofing going on all the algorithms all the high frequency trades all the institutions all those for a lousy 15 dollars and I paid a thousand and that was 25 years ago and I was 22 years old well this is how we separate the ignorance and the more successful people you want a quarter million dollar job you're going to have to pay you don't want the quarter million dollar job then you know what just keep doing what you're doing and let me know how that works out for you and you know what I might be a little brash but let me tell you when I first started they used to rip us apart because you know what it's their money and they have the right if you're not going to think about it hitting your head and like listen do you get it or you don't get it I mean I'm still trying to find free employees by the way is this such thing is anything free in this world oh wait someone does have to pay for something right it's going to be free for you but someone had to pick up the tab so there's a catch so my father always told me you don't want anything for free you just want a good deal if somebody gives you anything for free you better run away okay there's definitely a catch behind it but we have to follow the money so let's go and follow the money so let's talk about Japhon okay now listen guys I'm going to ask you guys some questions I want you to interact with you very sincerely you better quit trading I'm not going to give you anything crazy I'm going to give you basic kindergarten trading questions okay so how do we beat them very simple you follow them the brokerage firms the institutions the that's how you find them you don't have to do anything more than that remember these people are moving billions and billions of dollars you just want to make the crumbs on the floor you're the ants you don't like it then you shouldn't be in this business you can't compete with these people you might not like them you might not like what they stand for but at the end of the day can't beat them you have to join them that's it so let's talk with something called Nasdaq Total View so let me stop to share these results and let me just ask everyone is it really similar to level 3 so does anybody here have level 3 quotes or does anyone have something called Total View just give me a yes or no in the trading in the little poll question I'm posting up there wow this looks great a lot of you guys are starting to answer things now all of a sudden that makes me feel a little bit better alright can give you another 5 seconds 4, 3, 2, 1 listen if you don't know just say I don't know there's nothing bad about that alright so I'm going to share the results now for the ones that did not answer it I'll just take that as you don't so with that said I would say it's probably close it says 59 with less than half you didn't answer I'm going to raise that to maybe about 80-90% okay so now listen to me carefully I was able to tell you right now that I could show you where 70% if not more of where all the buyers and sellers are now remember you're in a stock right who the hell are you could you move the stock if you could then I'm not the right guy but if you feel like you're just a peasant you're just part of that crowd you get shamed in there with 100 deep you know who's pushing the crowd what is that worth to you okay what is that worth would you pay $15 for that to see where 70% of the buyers and sellers are or would you rather use some indicator or some crystal ball you want somebody that looks good behind a camera that has a great infomercial and it's got 400,000 hits on on YouTube listen you're talking from you want to make money, you got to follow the money so let me tell you exactly what we got going on here and by the way if you go do what I'm about to show you too when you guys get a chance I'm just going to bring up this point right here right here on Nasdaq right on our homepage or our website and I'll have them post the link up there I was a regular guest at Nasdaq before they shut it down due to coronavirus on Nasdaq specifically want me to come there to educate publicly what is Nasdaq total view because they want you to know what's going on and by the way you think Nasdaq in exchange wants Fausto do you think they need me no but they see the value on it they see somebody's actually talking about something that they want the general public to know so let me show you how it works what you got right here is you got buyers you got sellers the buyers are on the left the sellers are on the right now you seen the stock American Airlines stock went from 25 all the way down to right around $24 right below 24 and then when it got around that close to that 24 price the stock went right back up to 2480 it took literally 30 minutes to drop literally over a dollar and recovered less than all day long in less than a half hour the stock basically lost all that profit but recovered but why did it stop right at that number why did it stop right around that $24 price range it wasn't a Fibonacci it wasn't a MACD it wasn't President Trump or President Biden it wasn't Congress it wasn't Goldman Sachs it was this you look right here on the left hand side you had over a quarter of a million shares looking to be bought at $23 $23.83 you had another 159 orders out there around the world that make up 45,000 shares and you got another 92,000 92 orders around the world that a Tray on Nasdaq makes 66,000 I mean if you do the math what is that over 350,000 shares that are looking to be bought right below that $24 price range why else would that stock go up why else would it go up think about it do you really think the thousand share buyer that's over here at $23.97 is going to push the stock up or would you rather look at this quarter million share buyer at $23.83 it's almost like common sense how many shares are you going to trade of American Airlines oh but some of you can even afford to pay even at $24 stock oh I can't afford to trade the options listen you can't afford the stock you can't afford to trade so don't play a poor man playing a rich man's game follow the money because if you knew those buyers were out there and you were right with them right above them you would have bought a stock right now and make yourself a nice $0.80 thousand shares $800 I don't know $200,000 salary who doesn't want that job I know it pays a hell of a lot more in soul security alright let's look at another one stock goes from $35.50 in an hour actually less like 30 minutes all the way up to about $36 like that $0.50 then it stops finished why did the stock stop why did five serve stop does it have to do about the new coronavirus drug only one explanation if you look over here on the right resistance is made from sellers okay and you could see right there there's a $60,000 share seller sitting there at $36 you could sit there and you could pretend and you could do anything you want to believe but at the end of the day the only reason why it came down and consistently did not want to go up even up until 2 o'clock in the afternoon right here is because of that seller that's it which by the way everything I show you I'm going to show you live in my trading room okay what better thing is that now let's have a little fun I want to launch this poll and I want you to tell me we're looking at a stock hold F sell could you tell me is the stock going up or going down from what you know about trading is the stock going up or going down let's see how you answer this question alright just waiting for everyone to answer Bob could you put it in the poll just put it in the poll okay alright we got a problem because I can't okay do you really think the stock is going up if you really thought the trend of the stock was going up I'm telling you I don't know who put that in there but you better quit trading you literally I don't understand why you even thought you know I've been doing this for years and I don't know if people just trying to like be embarrassed themselves if you really was serious and for the ones that said it was going down congratulations you just passed the kindergarten of trading but if you really thought it was going up you should quit trading I'm just helping you right now alright now for the ones that were correct and said it was going down what do we need for the stock to go back up what is going to make F sell go back up because what's happening today I didn't ask that okay so I'll give you a pass now look what everyone's saying buyers buyers oh wow so you're telling me you don't need support you just said the magic word you're right Tony you need demand I'll give you that one we need buyers oh you don't need support you need buyers so this is the issue do you see buyers on a chart do you see buyers anywhere on a chart no you don't right because the buyers are in the future support is the past do you want to trade the past or you want to trade the future okay this is what I was taught it's almost a common sense right so obviously the future so let's go and check and see where the orders are now if you look over here in F sell there's a hundred thousand a hundred and two thousand share buyer at nine dollars there's two hundred and fifty nine orders around the whole world it could be you, it could be me, it could be Tony it could be you, you, Marcel you, William, you, Mike make up, I don't know it could be a guy buying ten shares it could be a thousand, it could be a hundred whatever it is but out of that whole market look at all the buyers it could be a hundred hundred that's just like that's just like damn hundred thousand shares nine hundred thousand dollars worth of stock is looking to be bought exactly at nine dollars so let's think about this for a second in theory what do you think is going to happen when the stock gets close to nine dollars is it going to go up or is it going to go down how do you guys, how do you figure that one out buyers make a demand where you have a demand that technically would make it a support level so let's change the slide and look what happened as soon as it got right close to that buyer right there, boom program trading kick in it ran from nine dollars and less than thirty minutes went right back to ten nice nice dollar, thousand shares thousand dollars, quarter million dollar a year hell if you just got half half fifty cents five hundred bucks hundred thousand dollars salary I know it definitely pays more to Social Security I don't know how many people get Social Security it makes over a hundred thousand a year so who doesn't want that job still want that stimulus check still want that second job we'd rather sit at home enjoy life and just sit there and watch these guys what they're doing one more today people are trading and the more trading we're getting the more orders we're getting the more icebergs we're getting by the way did I lose anybody did anyone confused anybody following along anybody lost see I didn't even teach you how to trade could you imagine if you were in my trading room could you imagine we took the time to look at the markets that's what I'm saying wait till you see everyone gets registered in the next few moments okay so now without using all that fancy charts and indicators and time and sales all that let's just look at this just look at the raw data could you guys tell me where would resistance levels be on F-E-Y-E which who cares the stock symbol is right but if I own that stock right now I've got to have a game plan where is my resistance levels let's see how you guys if you don't know the answer give me a question mark let me give everyone a couple of seconds here some of you got to think about it for a second huh well I'll give you a little hint and I'll draw some lines here resistance are sellers you want to work your way down and you want to find out where are the big sellers well 600s a lot 1200s more than 600 then 1200 oh if you said 1650 congratulations that's where the biggest order is so if you notice 95% of what you're looking at these orders are garbage all you are concerned about is that iceberg order right there 96,000 so if I was seriously owning the stock would I want to sell it now at 1690 no I probably could squeeze out another 40 cents out of the stock so let me just change the slide here and see what happens what does this stock look like it's doing going up or down what's the trend on this that's right up right Doug right Kevin so think about it where was the resistance level again 1640 but the trunk looks like it's going up right anyone that looked at this at the past we just looked at the future but the majority of people looking at the past so while they're thinking about it's going higher we already know it's going down how? listen very simple that's where the order was and look what happened when it got to that 1650 it ran from 1650 right back down to 16 how many times let me ask you something have any of you guys ever felt like you bought a stock and every time you buy it the thing goes down and every time you sell it it goes up and you feel like somebody's watching you you ever feel that way anybody ever have that issue like I can't believe that as soon as I bought the same thing you know now it tanks on me all the time well guess what I'm going to break it down to you it's not that they're watching you you're not watching them if you were watching them you know what I'm looking for is people of that what you just witnessed that could help me find these orders because there's no software out there that does it for you and what I'm looking for is I could teach people how to use this strategy so we all could trade together and find these iceberg orders and get out and high five each other and making a day's pay and then coming back the next day because every person can't do it there's a lot of stocks that are moving we're scanning a lot of stocks and we're looking for these iceberg orders just keeping it simple so would you rather trade with you know the people on the floor doing or do you want to be like the average trader and do nothing because when you look at the floor the New York Stock Exchange you'll notice there's a lot of numbers on those TV screens up there you notice there's no charts, no indicators no nothing it's all numbers they're all following the orders and that's what you have to do follow the money now the next question people ask me is when I buy a stock where does my order go okay so I always hear people always ask me how do I know these orders are real how do I know these orders are getting executed well I'm an actual tape reader being a tape reader basically what you're doing you're reading the tape you're following the orders and these transactions that take place this is where the chart gets its data from so let me give you an example green or trades are going off on the offer red or trades are going off on the bid so if you sell a stock it's going to come up in red if you buy a stock it's going to come up in green so let's look at these so-called fake orders looking at a stock sdc right and we can see there's a big order right here around $26 right around there okay and there's about 44 orders out there so in theory if I was owning this stock I would say immediately $12 is resistance levels but when we go to the chart we'll notice that it broke through 12 and it ran all the way to almost $14 how is that even possible well I don't know if you know this but somebody could really want those shares I mean someone could really want to buy them right so if somebody really wants to buy them that is going to cause a huge chain reaction to stock to go higher why would anybody buy a stock other than he's knowing that it's going to go higher and the only way we know he sold it is right there in time in sales all the green green green green green 3000 2000 3000 5000 1000 1000 so that guy was basically kept selling it so this is one of our indicators that we use something called time in sales that gives us a direction where the stock is going it's as simple as that so for everybody that's not using it I know why you don't use it some people said it moves too fast and the bottom line is you got your default wrong I mean I don't know who taught you how to use it but you pretty much got your default wrong so that's where that comes in now let's talk about level 4 have any of you guys ever heard level 4 before anybody heard level 4 let me bring up one level 4 here let me bring up a stock that's moving up pretty decent here hold on what we got here is a stock that's moving in a trading room a couple of you because you're students that's it 4 people 5 people out of a thousand over 100 people in here so let me show you what I mean let me bring up something this is a good one right here so what we're looking at right here is level 4 here you see this red line right here see that right there right there we're looking at a stock called NIO now load this up and you could see that there was a very big buyer out here and he was here for a while when you look at it it's been a while since he's been here it's been over an hour and the stock came down so what would happen here is that this would be called a support level but when you look at it somebody bought it I mean sold it to them and it dropped all the way down to here and if you notice right here there's a new red line that's coming in see that right there that's a new buyer over 23,000 shares which obviously makes support and if you look up here you see up here this red line 35,000 shares 850 and stop at 39 is because of this big seller and guess what he's still out there you can't see this with level 3 but with level 4 you could think how much smarter and better trading decisions you would make if you were able to see those orders see all those big block orders you know what I'm saying like think about that it just makes things easier you got to have a game plan you got to know where your enemies are you got to know when you fight your battles but a lot of people are not doing that and that's why they fail so this is all new for me it's turning my life around Kevin well you know what let me just share that because I'm really thankful that's great to hear from Kevin Barrett Kevin listen I always tell everybody that I know a lot of you here have taken courses with other people and sometimes it takes a couple of courses before you find the right person until you find it because then all of a sudden it clicks like a light bulb and I told you it shouldn't be complicated if you see how simple it is imagine what you'll see in the trading room because as a day trader I also want to let you know you don't got to make a lot of money to make this very successful because it's not genius that goes from five to eight dollars in about an hour you don't need to make three dollars if you made fifty cents on a thousand on a five thousand dollar investment five hundred dollars a hundred thousand dollars like I said you don't have to kill yourself to make a big day's pay on it so everybody just to give you a heads up and get back to what I was just mentioning to Kevin earlier you don't need mentors we have some great presenters here they all have their own strategy but if something clicks you should try a little bit of everybody's stuff but you can't do this on your own and you definitely can't do it trading on your own you have to learn from successful traders that have a good reputation that have been around for a while and most importantly you know explain it pretty simple so you catch it pretty easily so trading great job I love it I spend more time with my family I don't think I'd probably be married for over 25 years if I was in a day trader because you know what I have a better relationship with my family I could come and go I don't have to do this all day you know it's a great job you could do things you always want to do in life I mean I got people in here that are on their RVs they're trading on the road all day they love it you don't have to worry about going in the office anymore everybody's trying to find the next best thing to do you know how I make money on the internet I don't know this is like trading on the internet isn't it it's not that hard and you know what it's not going out of business too it's going to be a forever if you continue at Cybertrain University listen just to let you guys know we're endorsed by more brokerage firms than anyone in the industry and if you're ever going to do business with anyone make sure they are endorsed by brokerage firms because they do their they do their credit checks they do their due diligence their compliance does it they're not going to have Cybertrain University come do presentations in front of them if they thought we were teaching people how to lose money and if you're going to do business with anyone and let's say you don't want to do it with us make sure they have been endorsed so this is what I'm looking to do I'm going to invite every single one of you to come to my original trading room where we do we trade in pre-market we trade in aftermarket which is going to blow your socks off we're going to do live commentary you're going to learn from other traders you're going to see things live and you're going to get great audio so before you start worrying about do I got to open a brokerage account I'm in a position right now just don't worry about that right now just jump in the room and just see if our traders how they do it and what we're talking about let me show you level three let me show you level four let me show you how we find some stocks let me show you a professionalism let us show you the customer service of how we want you to succeed because I'm telling you right now it's not for everybody it's not for everybody that all the time it's a lot cheaper to watch and be in a room for an hour then going out there and just turning on the TV and buying something and making a mistake it doesn't work that way but this is what I'm asking for I'm not asking for a lot of money I'm asking for nine dollars that's it nine stinking little dollars and all I'm asking you is to it's basically an application fee and you're going to get access into our cybergroup room our live daily market meetings our morning and afternoon watch list you're going to get your own personal education advisor a crash course on day trading also on swing trading you're going to get all this stuff for a lousy nine dollars and guess what if you're not happy I'll give you nine dollars back after the end of the week I at least want you to know the real truth because I'm sick and tired of hearing people bashing that saying oh you're going to lose all your money and this and that I said you know come in my room people do make money doing it what do you have to lose and you know what as a bonus if you register right now I will personally even talk to you on the phone and give you a coaching class for the first 20 people so what do you have to lose what do you have to lose you have the greatest opportunity to do the career job that you always wanted to do and you know what if you've been doing it more than 30 to 60 days and you're still not making money you know it's time to move on to have an opportunity to see what it's all about to meet people just like you and see if they make money doing it because you know what if they're not what's the worst thing happens I'll give you nine dollars back I just wanted to prove to you the facts and see if it really does work but I can't invite anybody here to go for free because at the I don't know who you are where you came from you know we take this very seriously so if you don't got nine dollars you obviously can't afford to trade I mean I'm just being being honest if you got nine dollars in your pocket come in the trading room and you know what I'll give it back to you if you feel like it doesn't work out if you think we're wasting your time so is anybody have any questions we got the new presenter coming up Jim McCall I got Larry Gantz that comes up a very great presenter he's been with us many many years we haven't had him in a while but is anyone have any other questions any other questions when you start well I will personally start on Monday I actually what I'm saying you start tomorrow crying out loud if you can get an appointment start tomorrow you know don't let anything because you know what you kind of forget things after the next day you're like what do I sign up for you know what I mean like it's fresh in your mind do it now and get it and get and book your appointments do the walkthrough do all that stuff alright yes you could start whenever it's convenient for you also absolutely Monday is good for me has good you got nothing to lose alright so listen guys I'm going to give you guys about 10 minutes we're going to come back we want to hit the restrooms and then we're going to bring Larry Gantz going to start here at 2 o'clock so in the meantime don't go anywhere if you have any questions we'll sit in the room and we'll answer those questions but I'll be right back and then we'll have Larry come in step in and then we have two presenters to pick up where we left off so don't go anywhere everybody thanks for listening and we'll be right back total view and fast and could not be a better time to have you with us at Marketplace because everything going on the volatility we've seen in the market since you were with us in the middle of February last time that was pretty great traders are asking themselves what's the bottom what's the top but as a day trader you can kind of get an inside look when you're looking at a single staff what is Jill is that and yes when it comes to day trading people realize that what happens over the course of the day was trickled down to a swing trade into a long-term investment and my phone's been blown up it's just the bottom we're looking at the market all day and honestly this is how you really know it's the bottom when you have the worst of the worst of the worst news and just constantly all negative stuff and the market's not going any lower that's when you know it's time to buy so as you see a lot of bad news keeps coming up and they load the February by a half it took a big decline and all of a sudden the market's up about almost like 900 points so far and there's still a lot of bad news that's coming out with the coronavirus and everything else but that's really when you know when you hit the bottom so for some of the listeners out there that really were missed a boat and the market had a big rally you almost hit 30,000 these are the opportunities it is the same thing I sold back in 2008 when we had the financial crisis so when you start seeing all the bad news they start going once again say we're going to look at ticker symbol MRNA now it's like listed of course where's the level that you're looking to sell okay so listen what is MRNA I keep bringing up stock people are like what is this company if it doesn't matter we're just here to make money the main goal about total view and you have to understand how it works how to know where the buyers and sellers are so that's a fine demand that's why it's such a great tool so we're looking at a chart right here and we're looking at the stock right here and the first thing people notice this morning it's at 2580 it's at 28 is it going higher now the goal is why does the stock keep breaking out it hits a resistance it comes back down it breaks the previous resistance keeps going up how do you know it's going to keep breaking higher highs and what we're going to do this time is we're going to bring a video so you all can see exactly what it's like to see in the real market condition alright so let's go to the next slide here that's exactly what we do let's take a look at total view I'm going to let you take the reins tell us what's happening here okay so we've got like a little minute video here just time and sales these are the transactions that are taking place we're looking at level two level two is basically people get for free but it doesn't give you the depth of data as total view does now the key here is that you don't see that many sellers out there you're just seeing the best bid and best offer of that exchange but you'll notice how the stock keeps going higher what we need to focus on is the way you see the big sellers and you're looking for big orders you've got 51 different orders there right around 28 things going so quickly I try to slow it down 28.50 that is really your resistance level so when you're looking at a stock going higher you're going to say is this not going to break out so you see it's coming up to this guy right here really quickly you see it's coming up it's coming up to this person right here 70,000 shares 5,000 shares so it's going to come up to that seller now the goal is this you have 100 shares sellers 300 shares, 1,000 you have a big order out there you want to see if that guy gets executed that's how it breaks out remember what makes support resistance levels is buyers and sellers so we're coming up to that seller right here now the goal is to look right here and see if that seller gets executed and you see it's coming up to the seller and boom the guy gets taken out it's actually executing it boom boom boom boom boom from 250 or 260, 270, 280 boom like that as quickly as that that's why it's so important to know where the orders are know where the resistance and see if the guy gets taken out now when we get to the next slide look at it we're already at 2880 you can see it's starting to see it's 35,000 which is exactly now this is the next order the next question is here's the next biggest resistance there's 33,000 shares there's 100 different orders out there where the next resistance level is so the goal is you hit a resistance where's the next resistance the next resistance is the next biggest seller so now we're coming up to him and we're going to see what's going to happen when we get to 29 yeah it happened so fast well also this is about a 5 minute video that I was able to capture when we traded the stock and it kind of speeded up over about a minute so it doesn't move as quickly boom we hit 29 the guy got taken out again and look at the stock just took off again and what I want to explain to you Jill is that your listeners have to understand is that when you have a big seller out there and that guy gets taken out that is a very big demand someone says oh wow I'll take that 30,000 shares and that's why you get the stock that really really starts to take off now the next thing is that you're going to get some resistance levels people it's going to start backing off there's always profit taking going on so when you have profit taking going on you can see profit taking going on but the question is is it really a profit taking or is it just people just or is it really going to go lower in this case it's not seller got done remember we just watched the stock go from 28 to 29 now look at it we're at 2950 already stock keeps going higher and higher because those sellers are getting executed as those sellers get executed that means there's a demand for it when you see big block orders out there and it's a bigger demand that makes it higher now the next resistance level obviously is going to be where we the next biggest orders are so we got some we've reached right we're done we have a little bit more to go here we slow down over here yep we're done so the next video we're going to show you have to go to our slide here so this is where you're looking at those levels right so we look at the seller so we have a 67,000 share seller at 28 so now we have to look what's what's what we call iceberg orders what does that mean so it's a funny story so I came up with this word about 20 years ago after watching the movie the titanic okay I should go after that movie I definitely don't recommend it so anyway what happened to titanic it hit an iceberg and the thing is everybody was focused on the pretty the ship and the bubble water they didn't realize it's not with some bubble words the bottom of water icebergs are really big so it happened it crashed and it sunk so what we're looking for is big iceberg orders which we call some people call big block orders but when you see a big big order it's called an iceberg order so now we're looking at a 20, 90 and we're looking for a resistance once again stocks will go higher we need to focus on the next resistance level which is on the next chart here so here's the quick little screenshot so as we're looking at it you see it's a lot easier when you're focusing on when you're just looking at the level of the total view and it's easier to point it out now please keep in mind you listen to how to understand we're fast-forwarding it's pretty quickly to get to the point it doesn't move this quickly but I'm showing right here it's the quick screenshot what we're focusing on is this big order right here for 73,000 shares there's 30 there's 315 different orders out there making up that 73,000 now the thing I just want to point out is I just want to teach everyone a quick little lesson yeah don't ever sell anything at 30, 30 dollars go out of 29, 99 you just cut the line by so that's for anything that's even even number biggest trick I was called by my mentors when I was younger listen everybody's going to think 30 go out 21, 99 you just cut the line by 73,000 shares like selling a house or buying a house those incremental psychological levels well if you remember if you look at it the stock has a penny so that's a little tip but the thing is let's focus what happens to the 30 you know just right after that you know that's a major resistance level and that's what you have to focus on for this to go any higher it's got to get through that 73,000 on total view what happens next we're going to get the other piece of the trade okay so here we are now we're looking at the stock moving here's 29, 45 29, 49, 48 62, 67 so the sellers are getting executed you can see the transactions taking place but we know that there's that guy sitting right here and now his order is coming up he's starting to make up the ranking it's getting up to 30 it's getting close to him 34, 70 we're going to transaction taking place it's trying to get there and by the way those orders they're all real people think like that big those are real orders can a guy cancel it of course they can cancel it but that you have to take very seriously and that's a real order out there so now as we're looking at it and as it's trading it's trying to get there actually it kind of almost tested it you see that right there it's hit it and now it's starting back hopefully now you're starting to see the red candle sticks so now that means that the last sale is lower than the previous and this works for all kinds of stocks ETS would it work for ETS offers? ETS, futures, it works the same way remember it's moving the stock that makes all those other things ETS and everything else you can look up any ETS and they'll come up on totally now we're down to 29 so my point that I'm getting to is this if you didn't have a game plan Jill and didn't know that that seller was out there and actually to go to the next slide this is exactly what you were talking about there's your level right there if you didn't have a game plan and knew that seller was out there and look at that candle that stock literally moved look how fast it moved in that one bar chart if you didn't have a game plan to get out there before that guy was out there and if you didn't know what we call shaving if you didn't shave just before that 30 and cut that line, guess what just look how much money you have lost that stock didn't even drop from 30 look where it went to just because what happened if that seller was out there and he's not getting executed he really had to sell out of order Jill how is he going to get out he's got to sell to the buyers if he hits the bid, he's running that stock down, not you and I remember we're not trading 74,000 someone else's but and it's not one person we saw it, it was like there were several people out there doing it and that's how you got to focus on using the total view when you trade in today's volatile markets all right so cool to actually watch it happen in real time thanks so much for doing that President Belso now I'm training on global market to quarter it all right everybody welcome back so hopefully everybody enjoyed that little quick little video and wanted to just give you something to watch while you're sitting around for about 30 minutes a couple of minutes before we bring Larry Gans so let me bring Larry Gans back into here so listen really quick you know we got two more presenters and just want to kind of just let everybody know who Larry Gans is Larry's been a he's been with Cyber Training University has presented for us for several years I think I've gone back since 2015 so he's very very well known in the industry he's been involved in trading brokering commodities and financial markets over 30 years his trading group is one of the first to trade over counter options and cargoes and foreign crew all of it you'll see what's happening with oil too he followed a passion to teach others just like we all are and then but his passion is to help trade in the options just as powercycletrading.com back in 2009 his approach is to train low risk discipline approach through price cycle trading systems so Larry's going to come in he's going to show you a little bit more about it and like I said if you have any questions feel free to ask him in the chat room so Larry thanks for coming back here again and the stage is all yours thank you very much Fausta let me get things set up here okay can everybody see this screen okay? yeah you see everything fine okay great so let's get rolling make sure I've got my chat area so if anybody has a question I can see those one second here okay good go well again thanks for having me here Fausta and what I'm going to talk about today are ways to trade what I call uncertain markets or extreme market volatility and these are we're going to focus here on two really amazing low risk high return option strategies that I like to use for any kind of market environment they're exceptionally good though when you're getting into a lot of market uncertainty where the next headline could you know sabotage whatever trade you're working on so let's get started so the following presentation is purely for educational purposes any stocks options or futures mentioned does not constitute a vice and should not be construed as a recommendation now to me the secret to trading profits overall is comes down to direction timing and then options for your risk management or sometimes what we refer to as opportunistic risk management because when you use options you've got so many different things that you can do or options to turn the trade into a neutral trade or even flip the trade from long to short or short to long so it gives you a really great amount of flexibility in your trading now option trading though has many more advantages than just trading outright stocks but as you probably know can be a bit more complicated as well but once you understand the benefits and the advantages of options and especially option spreads you're really going to never look back so when used correctly option spreads are going to really help you to provide your trades more defined trading risk it's going to lower your capital at risk going to provide you greater trading leverage on your trades and they're going to offer you an unmatched hedging advantage for your trades your portfolio or stock specific now I've been trading options for over 30 years and I've found that the most valuable go to option strategies out there that can literally help any trader more than in the other trading strategies known and especially when we come into times of extreme market uncertainty are to use and incorporating your trading the option butterfly and the long condor so I kind of call it my trading secret weapon now the huge advantage that these two strategies have is their unique option framework that's designed to take advantage of time decay and volatility these are the two main pricing components of an option and so it what it does it helps to stack the trading odds in your favor and these can be used in any type of market environment but they're really exceptional when you get into really more uncertain market kind of trading environments where you're not sure from one day to the next what the market is going to do now the great advantage is because you can structure these trades where you only require a small amount of your hard-earned trading capital and so your trading returns will be then greater and your trading stress is going to be really reduced by having that lower capital at risk on your trades and to me that's always a major win-win situation now when we look at the butterflies and the long condors they're also very dynamic and they can be traded for a variety of different reasons with different goals in mind so in other words you can learn how to use or trade the butterflies and long condors and you're going to be covered for both your offense and defense of a trade so goals and protection so we construct them in a lot of different ways to help us like I said in a lot of different environment or conditions that we're trading in now these two strategies they can work no matter what the markets are doing as far as a market cycle so you could be in an up trend, down trend or even more of the sideways price action and they can really help to provide income from stocks that are going nowhere will help to really eliminate the stress of having to be perfect on a stocks direction or overall market direction will eliminate the time decay expense that you're going to encounter from long decaying options it's going to really help you to take the unsettling guesswork out of your trading in general and these can be structured at a very low cost or low capital at risk for your trades and as you're going to see ahead you can get returns of 10 to 1 or higher kind of reward to risk type of setups now butterflies and condors are also very flexible as you're going to see ahead so I'm going to show you a lot of different trading examples but once you learn them the fundamental setup and then of how they work you can then adapt these options strategies for your goals and your market insights so you know they can be structured for a more delta neutral or neutral type of sideways trading market but to me the real beauty is that they can be used for directional for your directional trading so offering you either a bullish or bearish exposure to a market when you feel pretty sure on a stocks direction where it's headed one way or the other but the thing that's great is that if you are wrong the butterfly and long condor are going to really help you to manage your risk but at the same time we're going to help you retain a large potential return on that trade setup and that's always a win-win situation now when we look at these two strategies let's you know kind of be real though these are option spreads so they're going to offer you kind of a limited and not an unlimited profit potential but what I like about them is they're usually going to always cost you a lot less than if you're going to buy an outright option and they're going to offer you an amazing risk reward trade setup so what this means that the butterflies and long condors can really significantly increase the probability of your winning trades but at the same time reducing your risk for those trades and that's what it's all about so you know the current market we've kind of been flipping and gyrating up and down and a lot of kind of with the price action so one day you might have a trade that looks really good and the next day it's going the opposite way so with that kind of condition of uncertainty these two strategies can really then be a popular way to go and construct them to really reduce the risk in the trade now the other thing when you look at these two strategies they can be used for hedging when you mess things up not that anybody here ever messes a trade up but they can be used as what I call a fast low cost way to cover your you know what pronto when a position starts to move against you and I've literally found another way to hedge or any other hedging strategy that even comes close to using these two options strategies now by constructing either a butterfly or a long condor around a strike that is under pressure from another core trade such as if you do credit spreads or say you did a debit spread this can really become one of the best ways and the fastest way I've found to immediately neutralize but not only neutralize your risk but you can lower your risk now if anybody here probably a lot of you have done credit spreads this is a kind of a situation that happens to a lot of people that do credit spreads myself included you'll have a credit spread on and it looks really good you sold it way out of the money you thought and so you didn't expect your short strike to ever get hit but you know you come in the one day and you get a gap up and the price is right through your short strike and your trade is going against you so you've had you know really great success with credit spreads we call them probability trades but you have that one that you can create or whatever that can really sabotage all your other profits now what you can do though is this is probably one of the only strategies I've found where you can actually neutralize that risk on a credit spread by doing what we call a butterfly hedge on it so it becomes a great way to neutralize and reduce your risk and then you can kind of regroup see what's going to happen then you can leg out if you need to so this was you know from Pam once she learned that she didn't know how to do this hedging before I lost so much money doing credit spreads and that's really so so true now we look at hedging these can be great strategies for for hedging an original position or core position so all you really have to do is just put on a butterfly construction or a long condor hedge on the the original position that you had set up so what it does if you let's say you had a demonstrate or credit spread you can build our condor around that so what the strategy does it takes advantage of the time decay element or component of the option while you wait and many times that's really all you need a lot of times you know you you just need a little bit more time for that original position to stabilize so you know in an uncertain market you'll have everything is kind of trending you know your trade looks great and then some headline or something comes out and it totally you know stalls to trade out the momentum of it and that trade maybe backs off and then you're left with a decision do you do you stop yourself out and a lot of times you stop out and then you'll see the next day it continues back in the right direction so what I found is a lot of times we can put this hedge on that core trade and it gives us time to wait it out and then we can see what happens and we can then you know lay out of the trade and do a lot of different things but it buys you that time and also you're getting paid while you wait so a lot of times this can actually reduce and adjust your trade costs down so at that point you just you know you can lift the hedge and stick with the original trade you know right for what it's worth now when we look at the butterfly they're kind of a simplistic structure so I'll go through kind of the basics of a butterfly so here's like let's say call debit spread and so here you were my pointer so let's say you're long a call here and short a call and your risk then is your debit paid in this example $300 so you know what you know this is the fine risk trade which is great but I never want to lose my full at risk on my capital so we could easily neutralize this and actually reduce this risk by converting it to a butterfly so what we could do is we could sell a credit spread call credit spread against this and in this situation receive $200 for the credit spread that we sold and then by doing that we just reduced our risk from $300 to $100 by making this conversion into a butterfly so we were long a call debit spread here and then we sold another call credit spread up here sharing the same short strike and now we've neutralized and reduced our risk down $100 but we still have potential for a good profit if it stays in this profit zone and if it goes out of the top of the tent we call it the profit tent you could make your max profit and actually have a huge or bigger return lower capital at risk so this is just one kind of aspect of it but that's the simplicity of it so that vertical credit spread and a vertical debit spread combination now the other thing that I really like is we use a lot of long condors at power socket trading because with this strategy is very similar to the butterfly but we can widen out the profit zone so the butterfly you've got to really thread the needle to make your maximum profit but with the short strike we can widen this out so rather than having the same short strike as a butterfly we can widen this structure out and have a bigger zone of profit so I love this as kind of a go to hedge first usually or a lot of times what we'll do is we might have a long call debit spread or put debit spread and then we'll convert it to a condor to reduce that risk and the other thing it does is it increase if you're trading options you know how theta can or time decay can really hurt most of the time you can convert your trade into a positive theta trade by you know doing this conversion so another really great strategy so they're kind of similar to a lot of degree but this one is a little different because it widens that profit zone out which is really great now the core concepts that make the butterfly and the long condor dynamic let's kind of dive into that comes down to option pricing so we look at options for profit generation or just from a standpoint for income when we look at using the butterfly and long condor these two strategies really come down to understanding how option pricing works and when you break down what an option price is made up of the core component is time decay so option price is made up of time and volatility but that time decay component is really a big factor to the price of an option and it's one that we can take advantage of when we use the butterfly and long condor because it has a selling component which basically selling time and we're collecting that time decay premium so let's take a kind of a review of this now what theta does it tells us how much an option price will go down over time and that's the rate of the time decay of your stocks option now time decay occurs because that extrinsic value or the time value of that option that goes down and as expiration draws near it really accelerates and at expiration day it's zero so you know it's a decaying part of the component of your option trade and you know at the end of the expiration period it'll be at zero and that's what we take advantage of when we structure a butterfly or long condor now by looking at the butterfly long condor you can see the construction will go through a bunch of examples here to kind of show you visually how they work and when we look at a butterfly spread here's kind of the basic makeup of it so let's say we have this XYZ company that's trading at $45 and we're looking for a direction move down and in this example I said okay we're going to move it it's going to go down to $43 so we just not a big move so we can structure these for big moves or small moves but here we're saying a move down to $43 which is our target so one thing also whenever you do a trade I use kind of a seven step trading process or steps and one of the steps is to always have a profit target before you ever put on a trade and typically what I'll use for profit targets I typically will use Fibonacci levels and then support resistance levels maybe based on moving averages and price support so in this example we're looking for a trade down to a target of $43 so with the butterfly this is one thing we can do directionally we can target $43 and typically what we'll do is we'll have that as the body of the butterfly so if you look at this example this would be buying a March 44 put paying $2.38 or $238 and then we're going to sell a March 43 put below that bringing a $1.67 and then we're going to sell another $43 put bringing another $1.67 and then buy below that $42 put at $1.6 so when you go through the math here and you add it all up you've got your total cost of this trade which is your risk the debit paid is $238 for that $44 put, $1.6 for the $42 put and then you get the credit from selling those $243 puts, $1.67 times $100 to make it into an option contract the risk on this trade if you did want a butterfly is $10 per spread now you can see the body the butterfly gets its name from the body as your short strikes and that's typically what we'll do with the target and then your legs are long so your long put butterfly in this example now your profit you just look at the strikes and you look at the width of the strikes so $44, $43 you've got $1 or $43, $42 so $1 or $100 wide so you take that you dollar-wide spread less your cost of your trade so in this example you could theoretically make $0.90 or $90 per option spread if it nailed right at expiration at $43 so you can see that this is a huge potential reward to risk of 900% so you're risking a dollar to make $9 and that's very typical of the butterfly and also the long condor now of all the option spreads strategies this one by far will give you the highest return on your risk option strategy out there other than if you just go long calls or something but you can literally get returns of 10 to 1 or higher by using this structure so we'll go through some examples so you'll see exactly how that is possible now let's take a look at how to choose the best butterfly or long condor and then you can kind of select maybe which one might align with your trading goals so in my opinion one major goal for traders is that you should look to select trades that are going to be based on what's going to provide you the most consistent positive returns over your trading career let's say with low defined risk and not always that great as home run hit so to me it's like you know always look at the risk first and then I look at the return on that risk so I kind of go backwards on it so to me the most important thing is what is the risk so I know what that is going into the trade and then I know what is the return on that risk and if that's acceptable then you can go for the trade now one of the best ways then to achieve maybe your trading goals of what strategies to use is to understand what option strategies are out there and available understand how they work and then select the one that's going to be best suited for the market environment you're trading in your specific trading goals so everybody here today is going to be trading a different amount so Susan might have a 100,000 trading account that she can trade with and John might only have a $5,000 account so it makes a difference on how you trade but the one thing you'll understand and find out is if you understand these two strategies these can be used for literally any account size you can have a hedge fund account with hundreds of millions and do these strategies or you can be a small retail trader like ourselves and maybe have two or $3,000 account and still have great success doing these trades because they're very low capital at risk type trade structures so let's take a look at what I call the butterfly family and you know the basic component or the basic things that are in common with the butterfly different variations in the condor is the long condors that they have a selling component to the trade so you not only do you have a long component which gives you that accelerator or better return from the leverage but you also have a selling component which will take advantage of you know collecting premium in time decay and then that's going to reduce your trading risk but also is going to reduce your what we call that theta decay so we look at the different variations there's the long call or put butterflies so we can structure butterflies with calls we can do what we call a broken wing or butterfly using calls or puts sometimes it's referred to as a skip strike butterfly so it just kind of reduces the cost of the trade to one direction the other variation is what we call what I call the ninja which is an unbalanced or ratio butterfly which is another way to reduce your risk trading risk to one direction and still have really great returns then we have what we call the iron butterfly really great and volatility and then we've got another category which is a big category is hedging you know how to utilize the butterfly for trading defense for trades that are you know under pressure from you know the directional change something like that and then the other category is using the long condor option spread strategy which is very similar to the butterfly but winds out your profit zone so it's a really a lot of great variations that you can get from these different strategies so let's go through and look at you know different trade examples so you can get a better idea of how these can maybe fit into your trading plan so first let's take a look at a lot of different variations and examples of the butterfly itself now when we look at the butterfly spread the other really great thing or cool thing is that we can adjust the risk in the profit of your butterfly spread by the wingspan of the spread so you know think about it if you were actually a butterfly collector the easiest way for you to catch a butterfly would be with a big wide net right versus a small net so with the butterfly we can adjust the potential profit zone or profit area by widening the butterfly the wings of the butterfly so we can do a really wide butterfly and give ourselves a bigger profit zone now that's going to increase the risk or the capital cost but we're going to get a good profit zone for that trade now if we really want to keep the risk super super low but still have an unbelievable return on that lowered risk we can narrow in the wings of the butterfly and make it a very low cost capital trade setup so we'll take a look at these different variations so you can get an idea so here's the first one we'll go through and this is the other with butterflies are great for the ETFs and index options so we'll use the butterfly a lot for ETFs like SPY or QQQ or the Russell IWM or you can use it on kind of a larger contract the SPX or the NDX or the rut so they're great for the index options for ETFs and great for stocks in general so this is an example of a narrowing butterfly on the ETF SPY so a spread width of $100 so if you look at this trade setup first it's a directional trade so first off we've got our fib level so we've got the swing high to low here and now that establishes our different Fibonacci levels which are then I use for targets so in this example we were targeting this kind of 618 level right here which was coming in at 273 274 so that's a really good target plus there's a lot of option activity here so it gave us a great target so SPY was trading right about here to 267 where my pointer is and we were looking for a move to 273 so we structured this with a very narrow butterfly to give it very low capital at risk on the trade setup now our price target was here at 273 so let's take a look so this was using calls for an upside move so we bought the 272 call and sold the 273 so we're targeting that 273 shorts right there that was our target now you'll see here that's a 272-73 that looks like a call debit spread and it's a dollar wide and then we sold the 273-74 against it at the same time you can leg into these too which are great and that's a dollar wide spread so you can see your spread width here is $100 and the cost of the trade is 10 so you can see over here where my pointer is the debit cost here was $270 so super low that's the most you would lose if you did one spread and you got it wrong totally wrong could not adjust it you'd lose to $10 now your theoretical profit is your spread width here of $100 less of your cost so theoretically you can make $90 per spread if it goes out at expiration at 273 now with the butterfly you'll never make it exactly your max profit so you can throw that needle so it'll always be a little bit off but they're very close so you can see in this example this trade over two days made $70 but on the so that might sound like a lot of money it might not sound like much money but when you look at the return on $10 that's a 700% return so you did one option contract you made $70 if you did 10 you made $700 but your risk was $10 or $100 if you did 10 so super low way to trade keeping your risk under control and what I found it's super helpful when you're in a market of high uncertainty because you want to keep that risk low because you never know what's going to pop up next to sabotage your original trade so here you can see it's going out this is that profit zone or the profit 10 right here almost the top but not perfect and that purple area is where it is in time so we can use our analytics here and we can get a good, you can kind of use that to tell you what it's doing at any point in time but here you can see it's going out on the day of expiration on the 16th and it's trading right here $273.08 so very very close so it's up $70 per spread and so you can see here where my pointer went from $0.10 or $10 to $80 so there's your profit $70 per spread which is 700% return so in this example we had four contracts and so that was over $280 so very low defined risk trade it takes advantage of the time decay volatility decay which both of these pricing components go to zero at expiration that's what really makes the butterfly very very attractive as you hold it into an expiration and you get these super high returns on that very low capital at risk now here's another example of using a butterfly so in this market it's been hard to short so we found that by using a butterfly spread for shorting we can really reduce our risk and if we do get it wrong we can short the market on very low capital at risk so here's a short trade that we did using the SPY and this spread with this $500 or $5 so with this again using targets we had the SPY was trading at $392 or $393 right about here and we were looking for it to pull back and we were looking for a target down to about $387 right down in this area here so that was kind of our target zone so we weren't looking for a huge move but we could structure a trade where we could take advantage of any kind of pullback even if it's a small pullback and make a really good profit based on the low capital that we put up but if we're wrong we're not going to lose much money so here's the trade setup for a short trade and the other thing what a lot of times do like we did today we went short the QQQ and five time I'll show you the trade we set up the trade using a put debit spread and what we'll do is maybe later we'll convert it to either a butterfly or condor I can show you real quick here so what we did this morning in the trade room we're looking for a break potentially lower and it could go a lot lower if we break 308 on the QQQ so we did a put debit spread so we bought the April 1 series 309 305 put debit spread at $1.29 so it's up a little bit right now but what we can do then what I typically will look to do is if we get a bigger flush to the downside we can hedge it out and reduce the risk in our theta decay by selling a bull put so converting it to butterfly or a put condor so if I have time I'll go through that with you in a minute but here is the example so in this trade example we bought the 390 put sold the 385 put debit spread and then sold the 385 bought the 380 that's a bull put credit spread if you put those two verticals together now look at the spread width it's $5 between each strike so that's $500 that's the maximum risk on the trade so if you totally got it wrong and you didn't adjust typically we can do other adjustments to reduce that even more but if you did nothing else you would risk only $500 or $50 per spread your potential profit is $450 the spread width less the cost of the trade and that's a 900% return so you risk $1 to make $9 that's the potential of the trade now two days later we had a profit of $86 per spread and that was fine we knew it was going to be hard to short but we took it the risk to short and we had low risk so it made $86 per spread but on that risk of $50 that's 172% return now theoretically it could have made a lot more but this is a great way to trade if you're in a market where things are whipping around really fast so here's the profit zone here you can see that big profit zone we got a pretty wide butterfly here to kind of give us a bigger, wider profit zone and it was going out here on the 18th two days later right here almost out but still inside so it went from $50 to $136 and that's that profit of $86 on the risk of 50 172% return so take those kind of returns all day long especially when we look at the risk first of $50 so that's a really good example there now the other thing that really gives you a great advantage if you're wanting to trade higher price stocks so like an Amazon or a Tesla or even game stock you know you can do these types of trades on a lot lower defined risk by using a butterfly so I'll show you the advantage here now here's a potential here's a trade setup that we had on Amazon so we did this with a really wide wing butterfly to give us a big profit zone by doing this though we were able to trade Amazon to the long side or short side if you wanted on very little capital so we did this with a $30 wide spread which would be $3,000 wide so let's go through the trade setup here first so it was trading Amazon was trading right here about $3,150 and we were looking for a move up towards $3,200 so there was a lot of option activity here in price action resistance so that was our target so we have the target there so we structured a trade targeting $3,200 now here's the great thing with using this option strategy is let's say that you wanted to play Amazon to the long side so you went out and bought 100 shares so we'll relate this to 100 shares because one option contracts equivalent to 100 shares so let's say you wanted to go along Amazon and you were targeting $3,200 so you bought 100 shares at $3,150 so you're putting out $315,000 to buy that 100 shares that's a lot of capital that's a lot of risk and if you got it right though and it did hit your $3,200 target that's going to be $50 a share that would be 2.33% return on that risk but to me that would be a huge amount of risk but we could do the same kind of target trade with the butterflies so here's the trade setup so this was buying the $3190 call selling the $3,220 so you can see that it's $30 wide between these two strikes right now then the next thing is you're selling the $3,220 buying the $3,250 so $30 wide so that would be $3,000 per option spread now the risk on this trade though you're setting this trade up for only a maximum amount of risk of $388 that's the debit paid so in this example you're paying out $388 per one contractor that'd be equivalent to 100 shares versus $315,000 now your potential here is to make $2,612 if you nailed it perfectly which we that's theoretically what it would make and that would be a 673% return so you're risking a dollar to make almost $7 versus here you're risking $315,000 and you make 2.33% return so very very not even comparable but that's the beauty of it now here it is going out within our profit zone on the 27 two days later and so it's trading right here at $3210 it's a little bit over the target but that's fine because we're going to just go ahead and nail it take it off we're not going to wait around to expiration we're just going to go ahead and take that profit so here it is it went from $388 or $388 up to $1426 or that'd be $1,426 per one spread and so this is a profit of $1,038 if you did one butterfly or a 267% return on this trade structure versus if you bought the shares and you made 2.33% so that's another great advantage of the butterfly now here's another really good one to show you this is also on Amazon so these are you know Amazon's a great one for some of these butterfly spreads but here's to show you how you can use this and this is another great advantage this is a dollar wide or $1,000 wide so I'll show you how you can get the extreme payoff for money or return on your trade in the same day because of the structure of that time decay collapse and volatility collapse so here you're seeing Amazon been trading right here on this support level it's a 200 day moving average and we're looking for a target up here to this $1830 level so we did a butterfly to do this and it was $10 wide which is $1,000 so about the $1820 targeted the $1830 $1840 so $1,000 wide now look at the risk here it was only $0.80 or $80 so theoretically this could make $920 that'd be a 1,150% return risk in a dollar to make $11.5 pretty nice and if you did just the shares you're going to have to shell out $178,000 plus dollars to buy 100 shares and if you did hit your target you make $48 a share or 2.69% return alright so which one is better you know just looking at that here's the other great advantage this was in the morning of the option expiration day on the 6 this was about $930 in the morning so at this point in time on Friday this was trading it was trading at $1836 but it was up it went from $80 to $2.30 alright so this was up $150 per spread or $187% return okay that's in the morning but look in the afternoon this was up another four times more it was up 400% and that's because of the time decay I'll show you so here it was trading the same day into expiration later in the afternoon and it was trading very close to the same price but it was up it had gone now it was from $80 now it was trading at $695 so it was up $614 per spread on your return of your capital at risk $80 so now it was up 269% that's just in the same day but what that is doing is taking advantage of into expiration this time goes to zero the timing component of the spread is going to go to zero so you get the major impact of that plus volatility so that little area there is what's left still a little bit of profit in there that's what's left in time and volatility so that's the other great advantage you get you know potential if you hold these into expiration and nail it to your kind of target you can really increase those returns on that now here's another one we're going to look at here's the long condor spread so again I like this one a lot because it gives us a positive theta no time decay it lowers our capital at risk it gives us a potential for a big return also fantastic for hedging so here's a trade that we did on Boeing and this was it was trading at the time 204.50 and you know we got off it was trading up tier to 215 we were targeting up in this area here but we wanted Boeing had been just so volatile we wanted to do a very low risk trade so we did this with a long condor so look at the risk here we had a risk of $65 on this trade this is a long condor so we're long here the call spread at 205.207 and then we sold against it and we did this as a spread we sold the 217.5 220 so we had this condor structure like this and our maximum risk was $65 per spread so one spread 65 bucks and this though was trading right here at our target within the target zone here and that was then went from $65 to $172 so we were up $106 per spread or 163% return on that risk of only 65 so looking at that risk first 65 that's definitely something that you can handle on those trades so the potential though if we held this index operation it would have made $185 if it went out between the spreads which would be 285% return so you get the idea of how powerful these can be so here's your risk profile you're risking $65 on the spread to make 185 potentially so not bad now here's another example of what we call opportunistic hedging and this is doing it with a long condor so in this example we started out with a put demonstrate looking for a downside move and then the other great thing with options you always look when you're trading have a trading plan where you're looking at multiple steps ahead alright so we're always thinking okay what if it then traded down to our target so we take profit is there anything else we could do to enhance this trade and make it better so that could be reducing the risk which could also then increase the return on that capital so this one I'll show you how we turn this into a free trade so started off with a put demonstrate so we're targeting down that 270 area so we did a 273 put long 270 short put demonstrate low risk $65 on the trade now the spread width is $3 or $300 so we've got a potential on this trade to make $235 if it at expiration would stay down there and short trades they don't last so that would have been a really great return but we've been tricked so many times on the short side that we tend to go ahead and lock it and hedge it so this one when it hit down to the target what we did you take partial profit it was at that point time $98 per spread so that's still a really good return 150% but instead of just waiting thinking that we'll wait until expiration see if we make the max profit we were able to hedge this or convert it to a put condor and we converted it to free trade because when it flushed down to that 271 area we sold an out of money bull put credit spread for $65 credit so here's the other part of the trade so it flushed down to that 270 level and at that point we were ready to do it we looked at the different variations we could sell the $268.65 bull put spread bringing $65 credit and now we have a zero risk trade so we cover the cost of the debit spread with the credit spread received and now we've got this structure here with the profit zone in between if it was to go out here you've got $300 profit we have zero risk now on the trade so we can kind of kick back and see what it's going to do so it went out was trading right here we close it out trading right there $271.30 so this was up $164 but on zero risk so you can see the difference trade one made that or 150% return if you look at that way looks pretty good but trade two that's basically an infinite return because there's zero risk so that's the beauty of these kind of trade strategies so if you'd like to learn more on how you can master these really high reward low risk strategies and these can work in any kind of market environment two things that you can do hopefully you've got enough ideas here where you probably figure it out yourself but if you want some more additional health and make your learning curve a lot faster I've got a really great course here that if you like I'll give you the link here it's $97 now this is a course that I just did here this was done in February so it's a relatively brand new course and it's on demand so this is what you'll get so you'll get this it's a seven plus hour recorded course that we did live of just the Butterfly in the Long Condor and so it's an option master's course on these two strategies so you'll get the full PowerPoint I'll show you everything you'll get but for $97 you can't go wrong it's yours forever so you'll get the full on demand course the Butterfly Long Condor we'll also do a live follow up Q&A we'll send you a link for that when we're ready to do it and you'll get that plus that will be recorded and then you'll get the full chapters of a book of 30 minutes or less plus the my course are very detailed lots of examples 456 page PowerPoint of that course so here's what you're going to get here today if you'd like to join us access to the seven hour recorded Butterfly course if you go to my website www.powercycletrading.com you'll see this course listed on the site for $497 but you're going to get it here today at $97 plus you're going to get my options beginner's course so anybody here who's starting out and options you're thinking well I'd like to learn that but maybe it's too advanced you're going to, this is yours forever so just put your library come back to it when you're ready if you need to but take advantage of it now but you're going to get my options beginner's course and my option beginner's program so you'll get that to really kind of help you up the learning curve there so these are two additional bonuses then you'll do, we'll give you a live follow up Q&A live plus recorded so you can come in there and ask questions and I'll give you my option trading tutorial this is just another kind of option course on the Greeks and probabilities things like that in my options strategy manifesto course this is 15 this is basically 15 different options strategies that I'll take you through and I'll show you here in a minute in my Greek power tool guide this is something you print out put on your desktop shows you what the Greeks are but the other big thing to help you and support your learning curve here is you're going to get everybody here that signs up today month trial membership to my trading club which gives you access to my virtual trading room open each and every day and to our weekly Q&A so this will give you additional learning support you know once you go through the course if you have any questions you can come in and ask in the trade room and ask whatever questions you have so it's a really great way to give yourself additional support so all this here for 97 now with the trading club if you want to start it later you don't have to start it today if you buy it today you can send us an email we'll start it you know a week two weeks or a month from now you know whatever you'd like to do on that so we're very flexible so use that link here I'll give it to you one more time but it's a really great course let's go through we'll go through the bonuses here and then any questions I'll be happy to take it so this course is what I did live in February so it turned out seven plus hour course again recorded in modules of 30 minutes or less 456 page training manual basically a blueprint course on these two strategies takes you through how to use it for income profits hedging etc a lot of hedging covered in this course and like I tell my my members and stuff if you don't know how to hedge your trading accident waiting to happen so part one we covered the importance of the the Greeks that are important you know to make the butterfly condor work such as the theta decay how that works the impact that it has how volatility impacts the the pricing of the butterfly condor and what we call volatility crush so you're going to learn a lot here just in general period about options and then how option pricing works super important and then in the course I take you through using Fibonacci price target mapping and standard deviation which sounds complicated but simple for helping you select your target so you always want to have targets and this will teach you how to do the target when I call mapping and then we go through part two we get into the core basics most traders just kind of you know your demystifies the butterfly and condor so you can in layman terms understand how it works and then in the course I go into how why and when to use the various different variations of a long caller put butterfly and these are all gone through every variation with different trade examples so you can visually see how they work the wide wing butterfly broken wing butterfly ratio butterfly iron butterfly vacation butterfly long ponders like always a bubblegum shrimp there's so many different ones to say yeah this is my butterfly course I did this just in February so if you you would have known if you took it live in February but this was February so this is brand new basically and then it goes through the what are the best time frames that you should use to capitalize on the butterfly and what you know stocks or ETFs use and then how do you get those structures where you get a setup of 10 to 1 or higher how do you profit from you know what we call volatility collapse and theta decay using the butterfly and condor and then another part of the course is how you can use the butterfly strategy to what we call option expiration or pinning so you know 12 times a year monthly we have monthly option expiration so it's a really good opportunity to do what we call option pinning trades where you're looking to select where the monthly options will go out and expire what strike price and then what will typically do is we can set up a butterfly at that strike price to take advantage of the theta decay and time and volatility going to zero at expiration when it pins so this course is a lot of fun plus gives you a really great way to make big returns on low risk and it's what we call pinning so we'll go through in the course takes you through how to select your targets you know that what strikes to select based on unusual option activity and Fibonacci and then how to structure the trade and then the course goes into the condor long condor on how to use that take advantage of the long condor either calls or puts and these are fantastic to give you that bigger profit zone and typically returns of a hundred two hundred three hundred percent for you know a capital at risk and positive theta very important so then how wide when to use the long condor now that part three of the course is a really probably to me the most important part of the course because it's on the hedging and if you don't know hedge you know you really need to understand hedging if you're looking at swing trades things like that so takes you through what I call the progression of hedging how can you hedge a if you're long shares so how do you hedge that how do you hedge if you're long a caller put how do you hedge that how do you hedge a spread so it takes you through the different progressions for hedges that you can use in your trading so this alone is a great part of the course and then we jump into how to use the butterfly long condor to hedge a core position or to use it to hedge vertical spreads maybe a credit spread that you have this going against your debit spread so go through a checklist of when to put these on take them off execution of management and then you get a resource chapter which takes you through you know what is your risk of assignment what is your risk of exploration risk and auto exercise that takes that and shows you how this works so you're you know not worried about it and you know and then I give you a trading library 58 page trading library of you know butterflies and condors you can look at see how they actually work so it's a very very thorough course and little feedback said from Alicia never seen anyone explain options like this is excellent this is exactly what I've been looking for very informative no one has anything like this wish I'd found you sooner but I'm glad I found you now thanks again for your time today Larry and this from Pam excellent class Larry as usual you under promise and over deliver wish I'd known how to use this hedging before I lost so much money on credit spreads and that's that's so true so many people have lost you know doing credit spreads like that and then here's from Jim this is really true as well so thanks again for showing so many ways of getting out of trouble right and trading we can always find a way to get into trouble but by these two strategies putting these in your to your toolbox you can these will really help you to come in handy to keep your your trouble down or to reduce that trouble okay so it's a great way to hedge and so Jim really pointed that out well so here's everything you'll get I call this the survival bonus package you're going to get my special options for beginners it's a brand new course we're still tweaking it here so it's going to get better and better but this is a new on-demand option beginners course that basically takes you through you know what options are if you're just starting out so it demystifies an option versus stocks you know what is a put what's a call mastering that what is option expiration and then it goes through a kind of a beginners option strategy the cover call and then what we call a cover call with the protective put strategy to it so it's a really good option beginners course you'll get other bonuses a beginners option home study package so this will for our course on options from beginner's point of view so how to develop a trading plan basics of options how options work types of options you know monthly weeks weekly leaps things like that different trading levels for options so another really good bonus course and then I like to say you'll get the follow-up Q&A which will be recorded and you can come in ask questions like that or send in an email and I'll answer it from that standpoint and then you'll get my bonus to my option trading tutorials another option course basically 60 page option guide with videos covering the Greeks delta gamma theta pricing of option standard deviation probabilities so again that these are all yours forever so great trading library for your your options and then you'll get my 15 option guide so this will take you through if you're a what's a back ratio spread you can go through this will tell you what the construction is when to use it what's a long straddle or short straddle so 15 different option strategies there to help you out and then my my Greek power tool reference guide so you print this out tells you what the Greeks are and it gives you that you know if you're not hey what's row or what's gamma you know so you check that out but here's a really good helpful support part of this offer is you're going to get one trial free month to my trading club and so this will you know provide you additional support for the course or any questions you have on the course or any other trading problems that you might have you come in and ask the questions in our trading room so this will give you access to the virtual trading room for 30 days and if you like to stay on then it's 97 a month or you can do annual membership for 488 but we have a virtual trading room open every day during the week 9 30 to 10 30 I'm in for first hour back for the close I do a daily video newsletter update every night after the close these are archived and we do a weekly Q&A every Tuesday live and recorded so another really good area to support set up for for members you got educational vault for the members a lot of good educational material and then on you get discounts of 6% off on all my courses and trading software on my website so I've got a lot of great trading software that you can get for big discounts as well so you know just overall the experience will be really helpful for all the things that I'm giving to you in this package here's like what the net said he said trade room experience daily is awesome you cannot get that anywhere in real time nothing like it and then here's Pam this was a good one with the markets being so crazy she said this schizophrenic market certainly keeps you on your toes Larry and you're a master at the managing the trades so a lot of great stuff here this will you know really help your trading pay for the course very very fast at this low price of 97 so again thank you so much for having me here today and hopefully everybody has a good rest of the week trading so I've got a little time here left if you have any questions let me know what is the average duration of the trades yeah so I like to you know kind of look at trades kind of swing trade basis so that could be a week to two weeks kind of the average duration or it could be you're with really certain setups we could be in and out of the trade one day but typically a week maybe two weeks you know so but you can make it longer but that's kind of the duration I like to keep them kind of short duration to take advantage of the time decay component of this these two option strategies so any other questions here question do you always start with the butterfly spread or convert it later that's the great benefit too so we can sometimes we'll start it with the spread sometimes we'll convert it later so just kind of vary so if you get a good trade entry and you get momentum to one direction I typically might like to start it out with just a debit spread and then I could convert it later you know with if it moves in the direction of your spread then you can convert it to you know a better spread because you get more premium so that's a great question when would you use calls versus puts butterfly okay so in a butterfly just think of it if you're an option trader right so how do you go long you can go long using calls right if you buy a call you can go long or if you want to go short you can buy puts to go short right so if we're doing a directional trade with a butterfly for an upside move we'll do it with calls if we're doing a directional trade for a downside move we'll do it with puts any other questions yeah here's the link again if you need it so put that in one more time so do you help make a trade yeah in the trade room you know we'll go through every day whatever trades are looking good for potential trade setup and so you know step you through that and I do also have an alert service that I'll send out text alerts on specific trades so I've got four different alert services and and you can have you get all four in the alert service but one service will give you you know that spreads one service give you butterflies and condors and one service I have will give you what we call calendar and calendar diagonals and the other services for earnings earnings type trades so those are text out to you or emailed or you get both so what account size well a lot of times your account size is going to be governed by the broker you use but if you look at this this will show you the account size this okay so if we back up and I'll show the trade you can see how you don't need a big account so just back up here a little bit here try to find one of the trades that we went through here so for example let's say here this was a call condor okay so you would need 65 dollars if you did one spread let's say you did a hundred you need 650 so you can get an idea you don't have to have a big account side account size okay so not you don't need much but that's going to be the broker is going to pretty much tell you that if you're a beginner this is a great package for you as a beginner kind of design it because I wanted to give you a very low price of entry 97 you get not only do you get this course fantastic course this is kind of my signature course but it's yours forever so you know if you and starting out I gave you these two option beginners course to get you kind of rolling so if you're just starting out this is the perfect package because it's only 97 but you get these two beginning courses this is a fabulous course and then you get this additional support and then if you want to stay on with this in the trading club it's 97 a month or 488 a year you can come in every day during the day and ask any questions on any of the stuff so you get this extra you know mentoring or tutoring so this is a really great and it's your like I said it's yours forever so it's really good as a way to get you started you never know until you take a shot right Wayne Grisky say or Jordan you never take a shot you'll never score a goal so if you want to try to take a shot it may not be your thing but you may find out that the light bulb snaps on and this is exactly what you've been looking for and it only cost you 97 so it's a really great way for you to start so again thank you very much I think my time is up but again good luck everybody trading and thanks again Falstow Falstow for having me here today thank you very much for being here Larry and that was very very informative like I always tell everybody listen if you really want to learn about options that's why I've been doing business with Larry for so long and having him a regular guest here for so many years it's been I mean like I said it's been we're in 2000 2001 yeah it's over six years now we had him and if you know what just getting better better so take advantage at $97 like anything else what do you have to lose a lot of great content great way to start but I don't want to run behind I got Melissa in here right now and just want to give her a quick intro so she can get started so I know Melissa Armo for a long long time also she's very well known she's been on TV many of times she's been on Cheddar she's been on CBS so she's been on Fox Business News Fox News you know all these great great financial stations and talking about a little bit more about what she actually preaching which she's very known for being from a mortgage broker for so many years working with some of the biggest banks before she started realizing a little bit like myself and got into you know taking a career and pursuing trading back in 2008 so she's very she's a self toward day trader trades very similar like myself actually but she's more of a fan of shorting which is obviously we're always nervous about what's happening so she's going to talk about the volatility all the things that happen in the market and tell you a little bit about the way she does a little bit more of her short terms and I know she does a little bit more of the swing trading type of thing of overnights and she'll talk a little bit about that but Melissa thanks for coming here and like I said stages all yours thank you Fausto welcome how's everyone doing today Fausto and I have another thing and come we're both live in New York except for I'm in the city it's an interesting place to be right now but beautiful day here in Manhattan and I know we're supposed to meet up one time I think what would happen with us not to cut you off Melissa but with all COVID I know we were planning on like trying to catch up on a couple of things but we definitely that rain check is going to be due very shortly yeah I don't know New York is not the place you want to visit right now I'll let you know when it's good to go it's pretty much a ghost town still but hope is on the horizon if they can get the vaccinations going for a period of time here into the summer but today I'm here to talk about trading and again because of COVID because I live in New York it's been really really nice to be able to work from home so I'll just start out by saying that if you decide that you want to trade and you decide that you want to do this for a living you know it's such a great thing to do because you don't have to worry about going out you don't have to worry about the commute the traffic anything else now I know that some people depending on what you do for a living are part time working from home now I have a friend that's working three days a week in the office and then two days a week from home so even if you could spend two days a week trading you know if you're at home and can do it two days a week that's really enough for you to be able to make some extra money people are looking for ways to make extra money right now again part of it is COVID and part of it is just what's going on all over the world right now we're going to talk about shorting and the market which I see is backing up we're rallying here into the close today but we're going to talk about shorting we're going to talk about shorting a couple of nice shorts here today and we're going to talk about shorting for fast profits this was a short of the week and I just want to I just plop this in here to bring it up I do day trades but I also do options so Wednesday I called puts I called the five twenty seven fifty puts in Netflix and this morning I called the week so you could have got out of it yesterday you could have held it into today you could have done the one today just to give an example if you bought the Netflix puts yesterday the five twenty seven fifties that I called around noon it was a little bit before twelve o'clock Eastern time and got the drop today it was almost a five hundred percent return in investment now that to me is fast ok for an options trade and as far as day trades I usually look to get in and out quick we shorted the overall market today that was the day trade today we shorted the overall market so yes I do prefer to short why do I prefer to short because short moves happen fast kind of comes into a stock quickly for example just bring up here and show you the Netflix what I do is focus on gaps that's how I'm making the picks that's how I called the Netflix so what happened here in Netflix I'm going to go back here to the beginning the wink this was Monday Netflix rally ok closed here gapped up this was the day I called the five twenty seven fifties Netflix gapped down so yesterday what's today Thursday this was Wednesday fell dropped closed then last night gapped down here today for Thursday fell and then once it started getting again the selling the selling the shorty momentum into it it dropped like a brick so this was the day I called the five twenty seven fifties Netflix gapped down so yesterday what's today it dropped like a brick so this was this is helping to pull the cues down a bit too in the market gap down this morning as well in the spy and the cues but overall the reason that I like shorting I although I'll go long I'll preference this by saying I'll go long as well but I always go to the short side first so I look for shorts first if I don't find any good shorts then I look for longs ok so I really like shorts because I like getting in and out of trades quickly when you're booking money the faster the better you can book it why because you never know what's going to happen so it's it's your you're protecting yourself when you get these fast trades and you get out and you book the money because you don't know what's going to happen with economic data what's going to happen with covid what's going to happen with any news at any sector and anything you happen to be in their testifying on Capitol Hill today that I didn't have it on and then Biden was doing a press conference or so many things that are going on during the pandemic. I'm going to talk a little bit about what's going to happen in the future connected also across the world so something can happen in a completely different country and then affect the US markets while we're open or could create a gap up or a gap down overnight so I focus on gap downs I also will do gap ups like I said but I go to the gap downs first now let's just talk about what a gap down a gap up is this is a gap up this is a gap down 500 and change gapped up here around 516 rally so this you would have gone long or you could have done calls let me just see how I can get the chat um am I now am I calling the gap up I don't know what you're talking about somebody said Lewis is saying there's no gap up right now Netflix what are you talking about you lost me there Netflix gap down now can you short of a gap down no can you go longer we gap up no so I've advised a system that took me about three years to figure it out on my own this is a you know 2008 when I started figuring it out took me about three years to figure the whole thing out where I will find the good ones to do like the Netflix okay I'm not shorting every gap down and I'm not going long every gap up but I find the good ones okay so I have a rating system I divide work while I will find the good ones based on a 26 rating system if it rates more than 20 points and the stock gaps down I'll short it or do a put if it gaps up and it rates more than 20 points and the 26 point system will go longer to do a call okay but these were good gaps here in Netflix to the downside I don't know what ones are talking about gapping up I don't I'm not sure about it in the gap depth today quite frankly on many many many many given days most things go with the market and because the market the overall market gap down today a lot of things gap down now some things gap down and reversed reversed okay and some things fell quickly in the morning but anyways now's a good time to think about if you want to trade the market for a living why if you have the convenience to work from home or even if it's part time you may have some time to be able to devote to trading and again it's money through through Friday so you're not trading on the weekend and you're focused mostly in the morning period okay occasionally I will call a later trade but most of the times we're focused on trading in the morning getting in and out in the morning okay so a lot of people try to do this trading thing they try try try try try and they never ever ever get there they they just never seem to get there they flounder that's the best way I can describe a lot of people that I've encountered in the years that I started my company and my business called the stock solution I've been teaching people my method I've run into so many people that just are back and forth back and forth they make money lose money make money lose money overall they're wasting years of your life tons of time and mostly losing they're floundering once you get to the point that you're committed to doing this you need to step forward and say I really want to do it I'm going to do what it takes to get there and part of that is a cost of time and expense for you to do it okay for me my personality is I'm just all in something when I do it now that's just my personality of a type A personality but I think the only way you can really make it in the market overall and ever become successful at doing this is to throw yourself into it okay because the fact is there's a lot of people that want to make money in the market there's a lot of people that would love to quickly be in and out of trades and make thousands of dollars within 24 hours or within 24 minutes not all of them will in fact most people lose that trade specifically options you know you got to get the direction and the timing right in an option you know we got it we got it in the Netflix but that's one thing about options and overall even the day trades when I'm in a day trade I have to get in and I have to get out between 9 30 and 4 I have to get in and out within a six and a half hour time period or I'm not going to make any money so you've got to get the direction right and you have to get the timing right so there's a lot of things that are involved with trading many many people I think want to look at stuff as black and white they want to look at an indicator and have that one indicator say boom that's going to do it that's all I have to do or the bias system where it's a computer generated thing and it just tells me exactly what to do no I hate to tell you but you're going to have to use your brain you're going to have to use your mind there's analysis there's a skill set involved I have a skill calling the Netflix that was a skill to see that that would collapse like that within a 24 hour period you learn the skill and you can make money okay but I find that a lot of people like I said trading is not gambling it is not like that it's not like going to Atlantic City and putting on a bet without knowing anything at all about anything okay so you can do this if you're willing to learn what to do learn a good strategy okay and then you take that and you continue to trade and you as a time goes on you can do that and you can do that and you can do that and you trade and you as a time goes on as the years goes on then you're still set gets better and as your skill set gets better then you risk more money over time and that's how you really start to get somewhere with it okay you can risk a hundred take a hundred shares on a trade you could take a thousand shares on a trade I added someone that emailed me she had one contract of that Netflix she made a thousand dollars today on the 510 so you know you don't have to have some huge account but you absolutely have to know what you're doing okay and any questions I can see the chat now I pulled it up just plop it in the room no matter what your goals are to trade you need a solid strategy in order to achieve them okay so I'm very very focused every morning on finding the gap my strategy is gaps and again as I started out one nice thing about day training is you can work from home it's been a blessing for me in the last 12 months with COVID but I really frankly have always enjoyed working from home I did mortgages before I started trading and I worked from home doing that now when I did mortgages I was working 70s a week nice thing about trading is I'm not working 70s a week the market is closed in the weekends I get my nights off I get my weekends off and I love that it allows me to have more of a life and it's really part-time hours for full-time income but again you have to learn what to do so for me the investment of the time and money to get to this point in my career and my life definitely definitely was worth it but I think a lot of people start to trade lose money because no one starts and wakes up tomorrow and then starts trading and makes money right away that just isn't realistic people lose sight of the long-term goal if you have a long-term goal in mind you're realistic about achieving it you can achieve it okay because again you have to think of it and have it that what is the bigger picture here what you want to do it's the idea that you still have to be 100% focused when you're in a trade and in the moments that you are trading and again it's nice to have weekends off but there is an unlimited income potential for you if you want to train based on what size you're taking the position and the skill set that you're using so how good are you at really pinpointing where something is going to go to be able to take the trade but nothing in life that is great comes without taking chances or risk when you put on a trade you're taking risk not every trade that I take works sometimes I take a trade and it loses okay that's the chance you take okay when I look at something and I use my system and I rate it I say I'm looking at odds okay I said these are high odds that's why I developed the 26 point rating system I said listen 20 points or more if I rate something tells me high odds it's going to work okay I don't want to do low odds trades I want to do high odds trades okay so that's how you have to look at it and every time I take a position I'm weighing that I'm weighing that it's called calculated risk it's not risk for the sake of taking risk like all the people that are trading GME I predicted that that stock would drop in the earnings it did I didn't trade it because that stock now is off limits that stock is tainted to me I will never ever trade it forever again it's tainted because of the reddit but it was very predictable that that would gap down in the earnings and fall like a brick so the fact is like you have to look at something and say is this worth the risk or is this not worth the risk and then you make the assessment and I also use stocks when I trade too okay so you need to be taking more winners than losers when you trade that's the only way you're going to get anywhere with it you have to have more winners than losers so keep the odds up high all right everybody with me anyways think about where you want to be end of 2021 heard to believe we're almost in April next week is April it's crazy Easter in a week and you still have nine more months left in the year but I mean we are three months into the year which is crazy to me it seems like just yesterday it was the holidays but here we are you have to start setting goals for yourself if you have not if you're losing money in the first three months of 2021 you better step back get organized get a game plan together figure out what you're doing wrong is it you're risking too much money are you not exiting your trades when you're up do you not have a strategy you're following do you not have a strategy at all okay what is it that you're doing wrong so that you can get somewhere with this within the next nine months and again like I said earlier a lot of people just flounder flounder flounder while it's great to talk for an hour here and you've been listening to many speakers today the reality is that you're not going to learn from me unless you sign up for a class and learn from an expert or pay someone for private tutoring to learn from them you will not learn any free webinars or free YouTube videos how to trade you won't and I didn't I created my own system over three years of pain stakingly trading the market with my own cash while I worked full time doing mortgages back and forth back and forth back and forth so you got two choices if you want to make it in the market one create your own system which was a path that I did that path is really draining and financially draining so you better have a lot of money saved if you're going to go down that path and it still will take you years to create your own system or two you pay someone to learn how to do their system okay now you know you may have taken classes and you may have not learned anything from those classes but no one said you're going to take a class right out of the game and learn everything you may have to take a few classes until you find the good ones you know like dating you have to kiss a few frogs to that's just the way it is in life and I always say to people that come to me I said people are meant to find me okay people the people that find me and come to me and I teach are meant to find me in this world because there's a ton of people out there in this universe that that teach educational information about trading or stocks so you have to find someone that has a strategy that resonates with you and you take risk and you learn it and you see what happens or like I said you teach yourself you know when I when I started out it wasn't like I planned to teach myself I did take one class I did not learn how to make money in that class but I did learn a basic a full understanding of technical analysis so what I do is chart reading it's not based on fundamentals what I do I look at the technicals but I'm looking at the technicals in a gap so let's go over here again what is a gap this was a nice one we did the other wink this was Nike this Friday we shorted this one stop close to your gap down open rally dropped so what is a gap we shorted this as a day trade I did not do an option in this like if I had known it was going to drop like this I would have but anyways we did a day trade in it so a gap is a difference between the clothes in the open Nike this was Thursday 9th this was earnings closed up here around 143 open in the morning down here around run 40 rally broke so we shorted it we did a day train you need a margin account to day trade or like I said you could have done it put in it I did not but it was a nice straight day trade here I don't know where this is at today I haven't looked at this actually at all this week since Monday but this was a short so so that is what a gap is and I have mastered the skill of gaps and that's how I make money and that's what you come and learn from me again I will do bullish gaps but I do prefer the shorts like the Nikes I find that shorts move quick they move very very fast okay and again the nice thing about that is you can be done early in the day and then you don't have to worry about all the other stuff that's happening in the world that could affect your trade sometimes things happen that's economic data in the afternoon when you have fed minutes and meetings that can help your trades but sometimes it makes things all over the place we've seen a lot of volatility lately you're seeing that right now we sold off yesterday gap down today dropped pushback that's volatility, volatility is something going in a direction that you don't expect volatility is not necessarily selling volatility is something happening that's unexpected and don't think that's not going to happen tomorrow either we're rallying here today and we held on the 50 per moving average and I have a feeling and I'm talking about the spine that a lot of people think that we're going to just continue here and go back up to the highs don't bet on it don't bet on it at all if we have time at the end I'll look at the market and tell you where I think where we are into the close but I mean we are in a volatile market I don't think it's going away and we're still in this period of COVID I just got done talking about New York City it's ridiculous here how many things are closed we've on a scale of 1 to 10 we're at a 2 I mean we're it's just like crazy so I mean don't think that the market is going to keep going steamrolling ahead I get up in the morning I do something different every day I never know what I'm going to do until I get up I never know until I see the gap I don't know what I'm going to do tomorrow I may do three things tomorrow I may do one thing I may do nothing okay I don't take and trade you know seen like until I see the gap okay I'm not I'm not predicting the gap I'm predicting where the stocks going to go after the gap for the overall market okay so I developed a system it's called the golden gap rating system it looks at 26 points in the daily chart of a stock the rating system is a checklist the checklist tells you what to look for in the price of the stock I do it in the morning in the pre-market I get all ready to go see what I like or I might have a list and I rate something but I don't do it to a little bit later because I want to make sure that it sets up first like the Netflix we did that a little bit later this morning the points predict price direction correctly when a stock is gapping okay and again it's based on momentum what do I mean selling pressure or buying I'm looking for the money the institutional money that is buying into something and moving it up or selling dumping it like Netflix the stock is getting sold off it's getting dumped okay and you just train with that momentum train with that flow of the money trade with the institutional money and it's very easy to make money it's very very easy if you're in the right direction to make money if you're not in the right direction you will lose again this is very simple it's very basic but a lot of people don't understand it they think that to make money you have to do something tricky tricky are very complex it's not the complexity in what I do is the analysis that I do in the pre-market doing the ratings looking for the points trying to figure out what's going to happen when I'm going through step by step by step but that is all done for me early in the morning when I get up okay not in split second decisions I already know what I'm like or what I'm doing before the open and what I'm watching okay anyways golden counts of 80% of them were over the first 30 minutes of the day which is again why I like to get in and out quick and I call this the money move that's what we did today and it's fine we shorted it you play it you get in you get out you book the money you're done now something's continuing to go like Netflix you can hold it you can hold it if you want to but again you know you're you're never going to lose money if you get out when you're up now let's talk about a couple ones we did here Apple this was back last week we shorted Apple Apple's been falling falling falling this was a day trade now I have advanced trader risk we will look at some beginner trader risk here this you would need margin to do it you can trade it a retail trading account you can trade it a prop trading account what's the difference a prop trading account will give you ten to one margin or sometimes more a retail trading account you're going to get four to one margin two to one for overnights but this was a day trade here's the Apple $1.2 million Google got it down boom fell like this was the 18 $18 there $1.290 at the drop beautiful beautiful beautiful move on the day here in this Apple exit was $120.80 this is a really nice move it's a $2 move in a stock that happens in one day again here we go momentum so I took a lot of risk in this We shorted it early, I chipped 7,000 shares of it, but profit was 14,700. Now, again, I don't think this is expensive, but if you say, well, this is a little crazy, you could buy a put in this. Okay, you could buy, I did call puts in this, but I don't know if I have them in here. You could have bought a put in this, or you could have done what? You could have done 500 shares. Guess what? You would have made over $1,000. That's a great trade. That's a great trade. Okay, so whatever you can afford to take as far as quantity share size, depending on your margin, depending on your buying power, depending on your risk, is what you need to take. But we had a really good entry in this. Okay, it was a beautiful stop, and it fell, and it was a gap down. Again, here, closed the night before, fell, dropped. Now, I want to point somebody else out here. Let me just find one here. You can't short every gap down. Let's see if I can find one here. Here's one. This closed here, this gap down, it rallied. So you can't short every gap down. That's why I'm figuring it all out in the pre-market in the open. And just like you can't go along every gap up. Can't go along every gap up. Here's one. Wouldn't work as along. This closed here, gaped up, fell. What a loss if you went along that one there. That was back in the beginning of March. So you have to really know what you're doing. Again, the skill, the analysis, everything I'm doing is in the pre-market. Oh, here it is. Here's the one minute. So again, here's the gap. Stop close to your gap down, boom, rally, got the drop. Here's the sell-off, boom, fell. I mean, never went anywhere near where we were entered this trade. You could have been in it for a while. Now, if you wanted to get out in the morning, you could have got out quick. Got to get out here. Got to get out here. And if you wanted to hold it, could have got the drop. Could have put the stop and break even. Let it roll on down. That was last week, a week ago. Here was another one. This was a long, and I stepped this in here because I just want you to see sometimes I will go long. This was 316. And the interesting thing is here, I actually went long, made money on the day of the day of the stock close, read was the market. We closed here, gapped up, rally, went long to spy, and then got out. It was just 60 cents, but it was money. And it was in a gap up and it was a bullish gap. So I want to show you here that I did go long and will sometimes go long. This was the spot. Here it is. This is the one minute. Stock closed here, gapped up. And again, here's the rally. This is a one-minute chart. I'm figuring out the gap though on the daily and then I enter the trade in the one minute. And again, I have a live trading room where I'm calling these trades. Where I'm saying 90 by 60 or wherever I'm calling out the entries and I'm saying where to give in, where to get out. And if you want to try out of the room and want to come tomorrow, you can email me. I don't know what we're doing tomorrow though there's no earnings out tonight of interest to me and there's zero earnings out tomorrow morning. But we could have something market related. We might have a follow-through continuation gap in Netflix. I don't know. We did break 500 a day. I have to see where we closed in half an hour in that thing. If I understand you're right, you trade the gap down the same day it doesn't. Yes. If it rates well, that's what I'm pointing out though. You cannot short of a gap down. Is that clear, Louise? And you cannot go long every gap up. Is that clear? So, you know, it's what I'm doing when they rate well, but they don't all work. Otherwise it would be very easy. Every gap down you chore and every gap up you go long. There'd be no analysis, but that's not the case. And today is a good example. Actually, if you want to pull up the banks, again, if I have time at the end, we'll pull up the banks. The banks gap down. JPM Goldman, I just was on an air trade talking about it an hour ago. If you short of them, you lost. They rally. They rally quite significantly today, actually. So, 315, we did, at least it was a gun. This was not earnings. I don't even remember why this gap down, but it did. I liked it. This was a little pricey too, but you could have done a put. I did not do puts in this, but you could have. Entry was 191.70. Boom. Got the drop. Again, momentum. Take it. Get in. Get out. Get in. Get out. Drop was down 188.45. A thousand shares. You could have made 31.15. This was a nice one here. Here's the day. Again, this was, I think it was last Monday. Stack close to your gap down. Boom. Fell. Shorted it. This is a day trade. Here's one minute. Stack close to your gap down. Boom. Got it. Got the drop. Fell. That's the lily. This is a one minute. I have it squished. You could see the whole day there. But again, you could have got out quick. You could have held it. You could have done whatever you wanted to do. I like to get out of things quick though and early, but this did continue as well. How long before the market opened? Do I have to complete the analysis? I get out of bed. The first thing I do in the morning is look at the market before I go to the gym. Usually get out of bed around 6 a.m. Then I figure out where the market's gapping. Then I go to the gym. Then I come back. Then I make breakfast. Then I sit down at my desk and I start reading gaps at 8 o'clock in the morning and I open up the trading room and I don't start talking until right before the open. So I give myself a good hour, hour and a half to rate gaps. But I'm looking at things as soon as I get up to see what's going on. I do it every day. It's my routine. I'm a very routine oriented person and I'm a morning person too, which works out good because I trade the morning. That's the time when I got to be spot on. I only say you can be perfect for one hour a day. You can be perfect for half an hour in a day. The longer the day goes on, the more tired you get. I'm a little bit tired right now. I've been up since 5.30 this morning. I did a merit trade around the room. I traded. I'm doing this webinar. I got to finish my tax return today. It's 3.30. By 5 o'clock, my brain is going to be shut off. So I get, I fall on and max myself out in the morning with my brain activity. Take all my vitamins, eat breakfast, do my thing. But that's what counts. I'd rather make thousands of dollars, thousands of dollars in the morning and just check out my brain then later in the day. I mean, that's just what I do. And Friday tomorrow, I'll be taking it easy. I don't usually trade into the afternoon on Friday. So no matter what period of the year it is, and right now, remember, next week's a holiday. Some people in the markets close Friday. Some people will be taking off starting this week and will take off the whole week. So it's going to be a light trading week next week for sure. But anyways, I would give myself an hour. An hour is good. Okay. No, I don't, well, I don't get in any trades until after the open, if that's what you mean. I'm not, I'm not trading the pre-market ourselves asking, but I'm doing the analysis. Got it. So big profits come in money moves. Netflix is a good example. Netflix is a great example actually. So success in large profits come from quality, not quantity in the plays. Although if I read the market direction and I get the market direction correctly, we did a bunch of puts this week and then we got the gap down this morning. We were in puts yesterday, got the gap down this morning, boom. I will do a series of trades in one plop, like in options overnight, if I get the market direction together. So I might do a couple. But anyways, for the day trades, I'm usually doing one a day in dumb. I only do this Friday day as a day trade. But anyways, it's the idea of getting out quickly as soon as it happens. It's the idea of quality, not quantity. I will do multiple options trades if I have a move with the market that I think I'm gonna get the market gap in a certain direction or power trending. I will do that. But I don't do options trades every day. I will try to do a day trade every day. But I might do no options trades Monday, Tuesday, Wednesday, and then do seven on a Thursday. So you don't know. It depends what you get. But I'm looking for quality. I'm not looking for quantity. It's about just making money and getting the high rating system to checklist. The checklist is the points and that's the meat and potatoes of what you learn in the classroom make. And then you may have questions after the class and then you ask me the questions or we go over stuff in the room. And then that's how you learn and you trade as time goes on. So my system is a 26 point professional bearish gap rating system. The purpose of the system is to help you evaluate which gap to trade each morning using a checklist. I do have a bullish class. I do it usually once a year. That class is in April. But the bearish class is the most popular because I'm mostly, mostly shorting. And again, a put for those of you that don't know, a put when you buy a put that's basically shorting the stock for the options. But I'm looking to find stocks to trade that have what? A high probability of direction of bias for the entire day. Two, big moves in the day. Three, early confirmation of my bias in the mood between 9.30 and 10 a.m. Eastern time. That's what I want to get in. That's what I want to see the momentum take place which we saw this morning in Netflix and the spy and then precise entries would follow through and a good risk to reward. Also, I called Amazon today too that we called puts in that too. We'll look at that tonight if we have time here before we're done. Here was Facebook. Now this was, this feels like a long time ago but it was actually only two weeks ago here the Facebook here. Let me find this. I called March 4th, I called calls. Now this is a long, because we don't know calling an option is a long. Thursday the 4th, I call the 270s. You'll get it here. So here we are. So this was a gap up. Now one of the reasons again I'd like to short is why. Short means happen quickly, long, take long. This trade took a long time. Back some people killed it and they missed out. This closed here, stock closed here, gap dot rallied. Then it gapped down. Then it dropped. Then it rallied. Then it gapped up. Then it sold off like a banshee. Trade was down. Then it gapped up. Then it rallied. Then it gapped up. Then it fell. Then it broke out. And here was the breakout day. It expired on the 12th this day. It was the 11th. It was a beautiful trade. I call it the 270s and the 275s. But if you killed it, you didn't make any money in this. If you held it through, which I did, you made money. Now again, this is a beautiful long, but this just goes to what I'm saying where longs take longer. And that's why I prefer to short. Shorting is fast. This was very reasonable. This cost three bucks. Could have sold it at eight. Risk 3,500 profit, 12,500. It could have taken one contract, paid 300 bucks. But the return in investment was 167% on that trade. It was a beautiful, beautiful, beautiful trade. If you did a beginner risk, two contracts for $600 risk, sold at eight, could have made $1,000. Okay. Again, I called it on the fourth. You would have had to hold it into the next week, which is still not a big deal. I usually did the weeklies, or I do every two weeks for the options. But here's the breakout dead. Then I got off this, but I knew it was getting bought. And I missed this move up to 300 actually. I should have done something else in this this week, but I just didn't. I got off this and it went right up. This went to 300. This had buying that came in. Again, I read the institutional buying. I read the graphs correctly, but I wish that I had done something right in here up to 300 because it went there. But I would have had to do it out longer. Does this happen? Yeah, this was this week when it hit up through 300. This was a big bar too. Anyways, I also did the 275, which I called the same day. This was, these were cheap. Cost was $2, sold at four, 40 contracts. And this is an advanced risk. 8,000, could have made 8,000. 100% return on investment. It's a nice trade. And again, you would have had to wait to the breakout day, which was on the 11th. If you took again four contracts, risk $800, profits 800. Okay. So anyways, that was a nice move. But it was institutional money that came in and it bought the Facebook. It bought it. So you want to be long or you want to be in calls, which is basically a long. Netflix again was a short, or so you would be inputs or you would shorten as a day train. So why trade gaps? Why do they work so well and pay so well because of the momentum? And because gaps are creating large institutional money, but I must preface this by saying again, not every gap. That's why I developed the system and the method to pinpoint the good ones. That's why I get up early, like I said, and take an hour to prepare the morning to find the good ones. I want to find the gaps that are created by institutional money, not the ones that retail traders are trading, like the reddits and the GME and other things. I'm looking for what institutional money is doing hedge fund money, big, big money, banks, okay. They're creating the gap. I need to see follow through in that in order for me to do that, which is why I wait for the setup after the open. The professional gaps that happen and play out and 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. A lot of people do gap fills that are retail traders that trade gaps. That does not work. Why sometimes you may make money doing a gap fill. It does not work overall. It does not work overall as a method to trade, okay. But by having a formula to rein and qualify the gap, you get confirmation and conviction that the largest institutional money is on your side and you play it. Gaps are an event and create a sense of urgency. Hurry, hurry, hurry, quick. It's panic. That's the idea of shorting. It's panic. Selling is panic. You're not panicking to buy Netflix today. There's no panic. You're not panicking to buy anything actually today, quite frankly. But you might have panicked in Netflix for example. If you were long, you might have panicked if you were long, panicked because you are down and then need to sell, okay. That's an action is being forced by participants of the stock. And this is why gap trade is incredibly powerful. So panic comes into shorts. You do not have panic buying rarely. Panic buying is something I've seen happen maybe once in a blue moon. I've seen it in the Beyond Meet. Gosh, I think that was two years ago now or 2019, I want to say. 2018, I don't remember. When that Beyond Meet, that BY&D had some panic buying it. I don't remember when that was. I think it was 2019. Something really, really rare. And sometimes I've seen that also in Tesla. Tesla too. But that is so rare. You almost never see it, okay. Trading gap is a powerful and profitable way to trade because you're trading on the side of power. And that's how you can make money because again, you're not going to move a stock. You personally will not move the stock. You have to have big money moving the stock and all you have to do is play on that just to get a small piece of it. Even one contract will pay you, okay. And everybody's always like, well, I can't, I can't trade until I have this much money and this much money and this much money and I have to have a lot of money. No, if you're a small account, you can make money trading. If you have a big account, you can lose money trading if you don't know what to do. So you have to know what to do no matter if you have a small account or a big account. But the benefit and the goal long term is know what to do and have a lot of money. Guess what? That's when you've made it, okay. But take step by step by step by step and take the amount of money that you have and build on it. Take a $2,000 option account or a $2,500 day trading account and turn it into 10 grand. Then you can risk more. Be reasonable about it, okay. Everybody's working within frameworks and guidelines and even hedge funds. You saw that with what happened with the GME. Even hedge funds have parameters that they must work within those parameters or they're in trouble too. No one has unlimited funds, okay. Even places that are getting leveraged from brokers or even loans from banks are gonna get cut off at a certain point, all right. You must be thoughtful about the risk you take but you certainly can be reasonable and still make money. So anyways, the whole philosophy behind what I do with my gap rating is to analyze a large timeframe which is the daily to make the trend decision in the direction of bias for the gap and then to play it. All large traders of every kind look a large timeframe to make decisions, particularly institutional draiders. So again, I'm looking at the daily and then I make entry decisions and exit decisions in the one minute chart on the small timeframe that allows me for focus and high degree of accuracy. And then I'm using the daily chart to make the decision for the stock pick for the accuracy in the direction, particularly then when I'm doing an option and then the one minute allows me to have the good risk to reward, okay. So the whole idea of doing this is to make money. While trading is fun, it's not fun if you're losing. So like I said earlier, you know, half an hour ago if take a step back if you're losing for the year you're not doing something right if you're down money for the year. We're three months into the year. It's not January 15th, okay. If you are losing, take a step back. You know, you cannot continue to bleed money in the market if you don't know what you're doing. And you're better to face it and say, wait a minute, is this something that I really, really, really, really, really want to do? If it is, then commit yourself to doing it. I mean, that's just the only way to go forward. You can't continue to bleed money if you're failing. Any questions? I truly believe that people can be successful. Why? I'm successful and I've also taught people to be successful. Everybody has a different learning curve. I meet people, I'm here to help them, teach them, answer their questions, but everyone is in a different timeframe. Some people I've taught have no knowledge about the market before they come to me and some people have been training the market for years, but nobody knows what I know. So they come to me and they have to come to me with an open mind to sometimes relearn things that they know that are wrong and really have conviction. I talk about that a lot. I said that about the market even yesterday. It's based on having, though, what I do, a solid foundation and then the extra skill set that I have just adds to it. And that's the benefit of trading with me and being in my room. But I really think people need a plan of action where you want to be for your financial goals for 2021. Like I said, this year is going super duper fast. I mean, I feel like, gosh, I seriously cannot believe that it's April, let alone the fact that we're one year into COVID and we're still wearing these stupid masks and New York City has still shut down. I mean, it's really quite shocking, to be honest with you. It'll be interesting to see really what the market does and what some of these big tech stocks do come April 2nd quarter. But there's going to be a lot of opportunity, a lot of opportunity, I think, in April to trade. So the second week of April is when the banks report the financials and they will move and then we'll move the market, whether they move up or whether they move down. I have no idea. I don't take positions and stop predicting the gap. Like I said, I wait for the stock to gap. But typically we do stocks a gap on earnings or news or with the market. Anyways, you have to be precise. I'm looking for a quality. I'm looking for a good risk to reward. I'm looking for the right entry. I'm looking for a proper exit. You have to take correct size. Most of your trades or all of your trades should be of equal size. If you take five trades and three, you risk a different amount than the two that you did. The two that you risk less win and the three that you, other ones, you risk more, they lose. You're going to be upside down. So you have to have similar risk in all your trades. Makes sense for the consistency. Really detail matters though. I mean, looking at the one minute, I mean, just seeing what's happening. A lot of people don't even look at the one minute. And a lot of traders don't even trade till 10 a.m. Okay, I'm looking very early in the morning to see what's happening in the free market. I'm looking at night. And again, I'm looking right into the open. I've trained myself to do that. I've trained my eyes. So when I went in my eye, when you come in the trading room where you get my picks on the options newsletter, you get the picks that those newsletters are sent via an email. If you're in the live trading room and calling the day trades live, but you're just never going to make it if you don't commit yourself to doing it. And there's a cost to doing it. There is, okay? I mean, the end goal is to be able to do this from home and make a lot of money. You think that's going to just plop into your lap? It doesn't work that way. It just does not work that way. It's like anything in life, okay? So how much money do you need to do this? You need buying power where you have to open up a margin account. You can trade at a retail account or a prop account. Take my classes called the Golden Gap. Horsed the classes this weekend. I know it's the end of the week, but I am doing a class this weekend. It's March 27th to 28th. You need to trade an account and go anywhere. As long as you can date trading, just make sure you're going to do shorts or by-plits. You could have an options account. You could have a cash account or a margin account with options. You don't have to have any special software or scanners to do my system. You can trade wherever you want. In most places, you can make your charts look like my charts, okay? So you can really go to any broker you want to, any broker that works for you, and most brokers now aren't even charging commissions. So it's cheaper than ever to trade, quite frankly, in this environment. And again, with the volatility we're seeing, that makes for lots of opportunity for you as an individual to make money, but you must get the focus right. As easily as you can make money, you can lose if you're on the wrong thing. Like you would have lost money if you had gone long Netflix yesterday or today, okay? You have to be in the right direction. And again, Jackie, one of the traders had emailed me and she's thrilled. She had one contract of Netflix and she made $1,000. You can make a lot of money with a small size. Some trades are small, some trades are medium, some trades are big. You don't know. You don't know, too. You get in the trade and you're watching. You see where it goes. But it's all about the technical analysis. I'm reading the chart. It's chart reading. The fundamentals, I don't have time to deal with them or read them. Okay, I really don't. I follow the news because sometimes I have to talk on TV or whatever, and I know what's going on in the world, but I don't make my trading decisions based on that. Now, sometimes that might help you. It might help your conviction if you see the fundamentals of something. But the choices I make are based on the price action, the price action, okay? The price action of the gap. But you need to have a plan for booking money. Again, in, out, in, out. You have to get in and you have to get out. The faster the better. Good restored trades is what I'm looking for, one-to-one typically. If we get more than that, like we had on the Netflix, that's great, but that's not every trade. If you risk 500, looking to make 500. If you're risking 1,000, you're looking to make 1,000. That's normal. But we do have trades that go really, really big sometimes during earnings season. Now, Netflix was not in earnings trade, but they will happen. You can't really plan for that. You just let the momentum fall into you and watch for the targets that I'm giving you in the letter. Any questions here so far? I think we'll have time for me to pull up the market. Look at some things here before I go. Anyways, I mean, I don't even have to reiterate this, even though I talked about it earlier. People are talking about floundering their trading. People are feeling very insecure, very insecure in their jobs right now. It's COVID. It really is in the economy. Gas prices going up, interest rates going up, the unknown, what's going to happen. Corporate taxes going up. There's just so many things. So many things. And we can be great employees productive about going hard working, and it may not even matter to our employer in the end if the company can't keep you on. Airlines, the travel industry, the restaurant industry, all of these things have been struggling in the last year. The beauty industry as well. Television, I just had a producer friend that just texted me and he said, it's crazy what's going on right now. Companies do not want to spend the same money in advertising. And so that's how television companies make money from advertising. So if companies don't want to spend the same money on advertising dollars, then they're not raking in the same amount of money. And of course, they still have to pay all their employees and their anchors and everything else. So we live in a very interesting time right now. As far as day trains, Marcell has asked me how many trades I do a day. I try to do one a day and done. But if I do want to take a stop, I'll do another trade. Unless I have a power trend day going where I'll do a couple things with the market. But that's not most days. Most days one and done. Now as far as options, like I said, I won't do an options trade every day. But sometimes I'll do a couple. I'll do a couple. I'll couple in one day like we did yesterday because I'll read the market. I'll say the market's going to gap down tomorrow. Therefore, we're going to do a couple putts and we're going to get the move into the morning. Okay. But day trades one a day typically. The percent doesn't matter to me. I'm not making a decision on my gap trade based on the percentage now. Again, don't think like black and white. Don't think black and white. Traders are so funny. They're like, oh gosh, it's not black and white. Trading is a black and white. Live in the gray. That's where you're going to succeed. That's where you can get rich. It's not black and white. You cannot program into the thing and say at 222% and in one half, it's going to go here and do. No, no. Move out of that. Move out of that. Move out of your comfort zone of feeling that you need the black and white. That's one of the reasons also why many people lose. Live in the gray. It's that dot. It's that middle space right in the middle there. Okay. I'll talk about that more if I have time at the end. But anyways, it's mind over matter. Mind over matter. Again, share size should be consistent with your account size. If you're not sure of that, you can, Ea asked me, I do risk more in options because I want the overnight. Sometimes I'm doing expensive stocks like Amazon and Tesla that cost more. But you can do day trades on options. You could just do options. You could just do day trades. It's up to you. It's whatever you feel comfortable with. It's the same system that I teach no matter what. But again, having a positive attitude helps you. You started out trading and you're losing. The most important thing for you to do is get green. Green, green, green, green. Because when you've taken a hit and you're down money, this is another thing I find with people. They try to want to make everything back right away. If they've been losing money for five years and they've lost 100 grand trading with classes or whatever, they want to try to make it back right away. That's not realistic. Do not risk your whole account in one trade. Now, again, Netflix worked. If I risk my whole account, I mean, come on. You can't do that, though. You can't take it day by day and step by step and look at every day and say, today's a brand new day. Today I'm going to do it. I'm going to move forward. Okay. It's like if you fall off the wagon, if you're drinking and you want to stop drinking or if you're smoking and you want to stop smoking, you take it day by day and you just say, today I'm going to do better. And tomorrow I'm even going to do better than even today. And that's how you have to look at it. You can't continue to live in the past. You cannot continue to chase losses in the past or live in the past. I say you have to get up and have amnesia. It's like if you're in a relationship and you had a divorce and you had a bad time, you're never going to fall in love again and you're never going to get involved with anyone again, you have to move forward. That's what it's about. You will never be successful if you don't move forward. It doesn't matter what happened before. Look at it. Look at it like you became stronger from the failures that you had in the past or the losses, whether those were losses from paying for classes where you didn't learn anything or whether they were losses from trades. It's all in learning experience. Okay. I'm in the process right now looking for apartments in New York. I don't have time to go into detail about it, but man, is it a learning experience for me? And I thought to myself, whew, this is an experience. And I mean, it's like, and I'm still like apartment hunting right now, but I'm like, geez, if I wouldn't have started this experience, I wouldn't, I know so much more now than I did three days ago, three weeks ago and three months ago. Everything in life is an experience. You cannot, you cannot become more involved. You cannot become more successful. You cannot become wealthy if you sit on your butt and do nothing and never take risk and never learn anything about life. And there is a cost to learn. There's a benchmark, there's a floor. There's a floor to get in to do my class. My class is seven grand. That's the floor. Everybody pays it. That's one. You pay the $7,000 for my class. You're not getting in, you're not learning it, so you pay that money. Then you also have to have money for an account. And then you go from there. There's a floor. Okay. I'm looking at a building right now in New York City. I almost fell over when I found out how much it's gonna cost to get into building just to get in the building, to live in this one building that I went to look at, which I didn't know anything about. And I went with a railroad and look at the building. I mean, I just started laughing because New York City is so crazy. But there's a floor. To get in the building. It's a very high-end building. I have to pay this much money if I went in, and that's it. That's it. I have to pay if I want to get in. Otherwise, I can't get in. Now, I don't know if I'm gonna move there, but the point is it's like that in a lot of buildings. Everything is a learning experience. You want to get to the next level. You want to become smarter and wealthier and more free. What, right now, people are so trapped right now. Look at the stupid mask stuff. We're still wearing these stupid masks. I am so sick of these damn masks. I just rip it off every time I have to come in the apartment. I feel like I'm suffocating when I go out and wear the thing. And now it's soon gonna be summer. People are feeling trapped. When you work for yourself and you empower yourself to make your own choices and you're making your own money, even if you fail, the confidence that you're building yourself to really do it instills that the next time, the next challenge that you embark on life, you're gonna be able to do it again. And again, you have to keep moving forward. It is so easy for people to flounder. It is so easy for people to get up. Most people give up. Most people will fail at this. They will never make it. They will never make a dime. They will lose, lose, lose. You have to look at it as something where you're moving forward and you are not going to lose. You are not going to fail. You are gonna continue until you make it. And once that becomes your attitude and once you're in that mindset, you're gonna make it. I can't tell you when, but I know that if that's your mindset, you will make it. If you want guarantees, guess what? I guarantee you if you quit, you will not make it. That's a guarantee. So guess what? Don't quit. Then you've got a shot. Then you've got a chance. Okay. I have no trials for my options newsletter. It's gold. Gold, Jerry. You can come in the trading room for a trial. You can come in tomorrow for that. If you want to travel to the trading room, email me. But I don't call the options in the room. I call them in the letter. I will talk about things we did. We talked about Netflix today. No trials for the options letter. They're gold. But the room, yes. And you'll get my market read. Anyways, the key of the system is in the 26 points. I predict the stock. I talked about my class. It's a golden gap system. It's one strategy. So all you need to be successful in the market and you do not need a general overall broad base view to make money. You do not have to know how to analyze financial statements or any of that stuff. Don't worry about it. If you want to watch Jamie's hand, I'm wanting to get some news. Fine. But you don't have to look at all the economic data to make decisions. Just look at the gap. Just read the chart. Okay. And if your reason for doing this is to make money, you will make money if you learn what to do. You have to size yourself, right? You can ask me about that. You can ask me my thoughts. I'll give them to you. I said, well, I have this much money in the account list. So what do you think I should risk? Okay. Anyways, the classes this week. I'm March 27th to 28th, 9 to 5. Class of the class, as I said, is 7 grand at $69.99. If you want to sign up, you can email me. You must email me for the forms. Trends class is the 30th, 11 to 3. It's a combo class. Two classes together. You save $74.99 for the combo. And I'm doing a spring special. This is a good deal. If you sign up by tomorrow, you get the trading room free and the options that are free through July 4th with the classes weekend. The deadline is tomorrow. You do the classes weekend. You get in the room then starting next week and then you get the options newsletter starting next week. Now, any questions here? If not, just quickly pull up the marker. We got five minutes left. Any quick questions? There was my email. If you want to email me for a trial for tomorrow, next week I'm going out of town for a few days. So it'd be better to do a trial tomorrow. Let's see what's going on here. Can you see my chart or do I have to stop and unshare it and then share it again? Can everybody see the chart? I have Netflix up. No, you can't. All right. Let me stop and share it again. Can you see it now? Yeah, we can see more. All right. Let's look at the market. I lost the questions. Let me find the questions quick. I'm just looking at this here. I don't know if anybody has any questions. I just, oh, here's the chart. So here's my take on this. Just in the last three minutes here. Amazon, I call puts in this today. If this collapse is tomorrow, the market's going to go with it. So I'm watching Amazon. Like this is not going to fall off a cliff and then have everything else be green. That's just not going to happen. So you're really going to watch this. This is closing at the lowest. This is closing week. If Amazon gaps down tomorrow, it can hit on through 3,000. If Amazon falls like a drop between now and tomorrow morning, then the market is not going to hold. I mean, this is just not going to hold. Look at that one here. So I think we're lower right now for the short-term period. If Amazon breaks, that's my two cents. I'm surprised today, this didn't continue down to 3,000. It's hanging on by a thread. And if that continues, and Netflix will continue to, but this was a beautiful move and it was a good move to get in and out with the profits in the 52750s. I called to actually expire tomorrow. So everybody had to be out of those today. I did call the 510s out for next week, but don't forget next week is a short week. Next week is a very short week. So you're really going to make the money this week because next week you only have a couple of days. Anyways, I like Amazon lower. And if it does, everything will fall with it. Look at this here. It's going to close right at the low. Let's see if it breaks the low before the close. Low today, and this is 303714. It's going to try. It's going to run out of seconds. Any questions from anyone about anything? Be very careful right now. It's don't trade alone. If you don't know what you're doing, don't trade it all until you learn how to do it. And if you don't have enough money, then save. Save, save, save, save, save. You do not want to just throw money into the market and lose. In fact, let's look at this stupid GME thing before I go. I knew this was going to get blot around today. People bought it. I would not be surprised whatsoever at all if this fell again in the next month. This is such a disaster. Good day. Thanks for having me, Flashstone. One of these days we'll meet. I'd wait till New York comes back. Thanks again, Melissa. Your presentation was great. I actually had to step out. So I just wanted to thank everybody for attending the event today. Greg, if I don't know if you're going to play the NASDAQ video at the end. But I just wanted to thank everybody for attending the event today. I wanted to thank all of our partners for making this even possible. And I hope you all have a great rest of your day. I'm just going to play Flashstone on NASDAQ here. So hang tight. Welcome to NASDAQ Trade Talks. I'm Jill Melandrino, global market to reporter at NASDAQ. Joining me at the market site in Times Square, New York City. We have Fausto Puglisi. He's the founder and president of Cyber Trading University. We're going to take a look at how traders are using TotalView and Fausto. Could not be a better time to have you in with us at Marketplace. Welcome to NASDAQ Trade Talks. I'm Jill Melandrino, global market to reporter at NASDAQ. Joining me at the market site in Times Square, New York City. We have Fausto Puglisi. He's the founder and president of Cyber Trading University. We're going to take a look at how traders are using TotalView and Fausto. Could not be a better time to have you in with us at Marketplace because with everything going on the volatility we've seen in the market since you were with us in the middle of February last time. That was pretty crazy. Traders are asking themselves, what's the bottom? What's the top? But as a day trader, you can kind of get inside look when you're looking at a single stack. What is Jill is that, thanks for having me again. And yes, when it comes to day trading, people realize that what happens over the course of the day, which trickles down to a swing trade into a long-term investment. And my phone's been blown up. People could ask me, Fausto, is this the bottom? Is this the bottom? Because we're looking at the market all day. And honestly, this is how you really know it's the bottom. When you have the worst of the worst of the worst news and just constantly all negative stuff and the market's not going any lower, that's when you know it's time to buy. So as you see, a lot of bad news keeps coming up and then obviously saw what happened yesterday when they load the Fed rate by a half. It took for a big decline and all of a sudden the market's up almost like 900 points so far. So and there's still a lot of bad news that's coming out with the coronavirus and everything else. But that's really when you know when you hit the bottom. So for some of the listeners out there that really were missed a vote when the market had a big rally, you almost hit 30,000. You know, these are the opportunities. You know, honestly, it is like the same thing I saw back in 2008 when we had the financial crisis. So once you start seeing all the bad news, things start going up. All right, let's take a look at our example here today. We're going to look at ticker symbol, MRNA, now it's like listed of course. What are we looking at? Where's the levels that you're looking to sell? Okay, so listen, what is MRNA? You know, I keep bringing up stocks. So people are like, what is this company? It doesn't matter, we're just here to make money. The main goal about TotalView and you have to understand how it works, how to know where the buyers and sellers are. It's all about supply and demand. That's why it's such a great tool. So we're looking at a chart right here and we're looking at the stock right here. And the first thing people notice is like the stock's going up beautifully. Nice, look at the stock. Started this morning, it's at 2580, it's at 28, is it going higher? Now the goal is, why does the stock keep breaking out? It hits a resistance, it comes back down. It breaks the previous resistance, keeps going up. How do you know it's going to keep breaking higher highs? And what we're going to do this time is we're going to bring a video so you all can see exactly what it's like to see in the real market conditions. All right, so let's move along to our next slide here that's exactly what we're doing. Let's take a look at TotalView. I'm going to let you take the reins, tell us what's happening here. Okay, so we've got like a little minute video here. So we're looking at some real time and the key here is time and sales. These are the transactions that are taking place. We're looking at level two. Level two is basically people get for free but it doesn't give you the depth of data as TotalView does. Now the key here is that you see, you don't see that many sellers out there. You're just seeing the best bid and best offer of that exchange but you'll notice how the stock keeps going higher. What we need to focus on is the where you see the big sellers and you're looking for big orders. You've got a 51 different orders out there right around 20, 28. Things are going so quickly. I try to slow it down. So right around 28, 50. So that is really your resistance level. So when you're looking at a stock going out, going higher, you're going to say, is the stock going to break out? So you see it's coming up to this guy right here really quickly. You see it's coming up. It's coming up to this person right here. So it's 70,000 shares, 5,000 shares. So it's going to come up to that seller. Now the goal is this. Is that guy going to get executed? Remember, you have 100-chair sellers, 300-chairs, 1,000. You have a big order out there. You want to see if that guy gets executed and you want to see if that's how it breaks out. Remember, what makes support and resistance levels is buyers and sellers. So you've got a seller out there. So we're coming up to that seller right here. Now the goal is to look right here and see if that seller gets executed. And you see it's coming up to the seller and boom, the guy gets taken out. It's actually executing him. Boom, boom, boom, boom, boom, look at that. See all those trades actions? It took the guy out. Now look how fast the stock goes up. From 250, we're at 260, 270, 280. Boom, like that. As quickly as that. That's why it's so important to know where the orders are, know where the resistance and see if the guy gets taken out. Now when we get to the next slide, look at it, we're already at 2880. Yep. And you can see it's 35,000 orders. Exactly, now this is the next order. Now the next question is, here's the next biggest resistance. There's 33,000 shares. There's 100 different orders out there. Now then that's where the next resistance level is. So the goal is, you hit a resistance, where's the next resistance? The next resistance is the next biggest seller. So now we're coming up to him and we're going to see what's going to happen when he gets to 29. Yeah, it happens so fast. Well also, this is about a five-minute video that I was able to capture when we traded this stock and I kind of speeded it up over about a minute. So it doesn't move as quickly. Boom, we hit 29. The guy got taken out again and look at the stock just took off again. And the thing I want to explain to you, Jill, is that, and your listeners have to understand, is that when you have a big seller out there and that guy gets taken out, that is a very big demand. Someone says, oh wow, I'll take that 30,000 shares and that's why you get the stock that really, really starts to take off. Now the next thing is that you're going to get some resistance levels. People, it's going to start backing off. There's always profit taking going on, right? Of course. So when you have profit taking going on, you could see profit taking going on, but the question is, is it really a profit taking or is it just people just, or is it really going to go lower? In this case, it's not. Seller got done. Remember, we just watched the stock go from 28 to 29. Now look at it, we're at 2950 already. Stock keeps going higher and higher because those sellers are getting executed as those sellers get executed. That means there's a demand for it. When you see big block orders out there, it makes a bigger demand and that makes it higher. Now the next resistance level obviously is going to be where we have to focus on where the next biggest orders are. So we got some, it's going to be free, right? We're done. Nope, we have a little bit more to go here. We slow down over here. Yep, we're done. So the next video we're going to show. Yeah, we actually go to our slide here. So this is where you're looking at those levels. Right. So we look at the seller. So we have a 67,000 share seller at 28. So now we have to look what's what's what we call iceberg orders. What does that mean? Okay. So it's a funny story. So I came up with this word about 20 years ago after watching the movie to Titanic. Okay. I should go watch that movie. Very sad movie. I definitely am recommended. So anyway, what happened to Titanic? It hit an iceberg. And the thing is, everybody was focused on the pretty of the ship and above the water. They didn't realize it's not what's above the woods at the bottom of the water. Icebergs are really big. So what happened, it crashed and it sunk. So what we're looking for is big iceberg orders, which we call. Some people call them big block orders, but when you see a big, big order, it's called an iceberg order. So now we're looking at a 20, 90, and we're looking for a resistance. Once again, stocks going higher. We need to focus on the next resistance level. All right. Which is on the next chart here, particular. Yep. So here's just a quick little screenshot. So as we're looking at it, you see it's a lot easier when you're focusing on, when you're just looking at the level of the total view. And it's easy to point it out. Now please keep in mind, you'll just have to understand, we're fast-forwarding this pretty quickly to get to the point. It doesn't move this quickly. But I'm showing right here is the quick screenshot. What we're focusing on is this big order right here for 73,000 shares. And there's 30, there's 315 different orders out there making up that 73,000. Now the thing I just want to point out is I was going to teach everyone a quick little lesson. Yeah. Don't ever sell anything at 30 dollars. Go out at 29.99. You just cut the line by. So that's for anything? That's like an even number. The biggest trick I was told by my mentors when I was younger, listen, everybody's going to think 30. Everybody's going to think 20. Go out 21.99. You just cut the line by 73,000 shares. So it's a very good lesson. Like selling a house or buying a house. It's like those incremental psychological levels. Well, if you remember, if you look at it, the stock has a penny intervals. So that's a little tip. But the thing is, let's focus what happens to the 30. You know, just right off the bat, you know that's a major resistance level. And that's what we have to focus on. That's for this stock to go any higher, it's got to get through that 73,000 share seller on total view. All right. Well, let's take a look at that next side. See what happens next? Now we're going to get the other piece of the trade. Okay. So here we're, now we're looking at the stock moving. Here's 29.45, 29.48, 62, 67. So the sellers are getting executed. You can see the transactions taking place. But we know that there's that guy sitting right here. And now his order is coming up. Look, as he's starting to make up the ranking, it's getting up to 30. It's getting close to him. So let's watch what happens. 74, 70, look at the transactions taking place. It's trying to get there. And by the way, those orders, they're all real. People think like they're fake. Those are real orders. Can a guy cancel it? Of course they can cancel it. But that you have to take very seriously. And that's a real order out there. So now as we're looking at it, and as it's trading, it's trying to get there. Actually, it kind of almost tested it. You see that right there? See that candle right there? It's hit it and now it's starting to back off of it. Now you're starting to see the red candlesticks. So now it means that the last sale is lower than the previous. And this works for all kinds of stocks. ETFs, would it work for ETFs also? ETFs, futures, it works the same way. Remember, it's the move in the stock that makes all those other things. ETFs and everything else. You could look up any ETF and it'll come up on total view. Look, now we're down to 29. So my point that I'm getting to is this. If you didn't have a game plan, Jill, and didn't know that that seller was out there, and you try to like... And actually, if we go to the next slide, this is exactly what you were talking about. There's your level right there. If you didn't have a game plan and knew that seller was out there, and look at that candle, that stock literally moved. Look how fast it moved in that one bar chart. If you didn't have a game plan to get out there before that guy was out there, and if you didn't, what we call, shaving, if you didn't shave just before that 30 and cut that line, guess what, you would have just, look how much money you would have lost. That stock didn't even drop from 30. Look where it went to. 27, 30, you would have got crushed on that trade. Because what happens, if that seller's out there and he's not getting executed, he really had to sell that order, Jill. How is he going to get out? He's got to sell to the buyers. If he hits the bid, he's learning that stock down, not you and I. Remember, we're not trading 74,000. Someone else is, but... And it's not one person. We saw it. It was like there were several people out there doing it. And that's how you got to focus on using the total view when you trade in today's volatile markets. All right, so cool to actually watch it happen in real time. Thanks so much for doing that for us, Valso. And thank you for joining me on Trade Talks. I'm Jill Malantrino, global market reporter at NASDAQ.