 Good afternoon everyone and welcome. My name is Melissa Armone and a company called the Stock Swoosh And I'm here tonight to talk to you about a topic. The topic is how do you how do you make it? How can you make it? How can you make it as a day trader if you want to do this thing? What are your options? What are your options become a successful trader and the reason that I decided to do this video is because I had a very interesting conversation a few days ago from a trader and He's a student of mine and somehow we brought up this topic and we had a great conversation I thought you know what? This is something that I want to talk about for people You only have two options if you want to become a successful trader whether it's a day trader a swing trader a long-term investor You got two options option number one you can Try to figure out a strategy yourself that works in the market you can go Just open up a trading account with live money start trading Trying to figure out a strategy in a system that is Profitable and successful on your own you will lose until you figure something out because no one just wakes up rules out of That is born one morning and successfully trades the stock market So option one is you can teach yourself how to do it That's what I did. Okay. I taught myself how to do with my own money real money wasn't on a demo In fact, I never ever ever traded On a demo figuring out my system It was all live with my own real live money that I lost until I figured out what I knew how to do I mean there were days I I made money it was back and forth back and forth at the beginning But it took me about three years to put together all the 26 points that I have now for my golden gap strategy And during that time I traded live money and I lost and made money and lost and made money was a process So that's one of your options. You can do that people say one practicing I'm doing it on a demo Trying to figure out a profitable strategy and creating one yourself in a demo does not work It all bets are off when you go live You could do something for ten years in a demo and then you start to trade live money. It doesn't work Okay, you've got to trade with live money if you want to create your own system that you know I can prove to yourself works in the market. That is an option. No demos nothing that doesn't work for creating a system That's profitable and so I create a system that was profitable for myself for the purposes of only for myself And I traded my own live money. That was a hard road But that is one of your options. Okay, if you want to be successful do it. How long is it gonna take you? It's who knows. It's an infinite amount of time. Nobody knows Nobody knows how long it will take you how much money it will take you the time investment per day will take you No one knows so that's an unknown factor That is a choice. It's an option What's another option if you want to become a successful trader? You can go and take a class and learn and get educated on how to trade the stock market by Someone like me for example. I teach a class on my method now. There are tons of trading classes out there I don't I don't know how many but I know there's a lot And I didn't know how many there were until after I started by your business and people would say to me How many there are there's this class and that class and people would talk to me I didn't realize when I started my business the Huge amount of companies out there that teach people how to trade online on the net in person You know tutorials or rent a video thing my class is live You have to be there live to learn it. It is a live class where you ask live questions. It's online However, it's live. It's not a tape. There's no DVR a new video anything So it's an interactive class, which is very good for students the thing is that You may take a class You may decide to educate yourself and you may take a class and you may take a class somewhere Not my company, but somewhere and not learn What you need to know to make money in the market you may take a class Go out use the information to trade and find that it doesn't work We're fine that it's not enough information or something's missing Or there's just a lack of Profitability and what you're doing Well, you just didn't see the full potential of the amount of money that you wanted to make in the market Or maybe the system doesn't even work that you learn from someone. Maybe it's a losing system But you can keep taking classes. Okay, you may go out and take Five classes until you find the one class that teaches you how to trade successfully You may take 10 you may take seven eight nine You may spend $50,000 taking classes over the course of 10 15 20 years until you find the right System that will teach you how to trade or like I said, you do option number one and you create a system yourself so many people Start out wanting to learn how to train and go the route of trying to do it themselves Realize it's very difficult realize it costs a lot of money quit Lose in the market and then decide they want the educational route. I tell people start with education first. Okay start with education first You have to learn how to do it first because the market will take an endless amount of money from you if you try to teach yourself I was lucky that it only took me the amount of time that it took me to figure out what I did It was very determined. I really had absolutely no life While I was teaching myself how to trade and analyzing charts. I lived in green charts I did nothing but eat sleep and trade and I had a full-time job as well and I was working seven days a week and I had no social life during that period of my life and It was extremely difficult and I lost a lot of money I figured out what I what I know and there was I never knew when I didn't have the exact date right now when I Figure out all 26 points. It didn't work like that. So many people can't go the distance to actually create their own system They can't go the distance financially. They can't go the distance emotionally. They can't go the distance intellectually They can't physically go the distance and mentally go the distance to create their own system I am very lucky and grateful that I was able to do that for myself It's it was it was I think this is why I was destined to teach people Because I was destined to figure out what I know For the purpose of helping other people that are out there trying to learn how to trade the market Because it's much much easier to take a class even if you have to take a series of classes It's still easier and cheaper than it is to create your own system But you have both options. You don't have any other options. No one wakes up and is born and knows how to trade Okay, no one So you either are going to teach yourself and create your own system You got a bankroll yourself and you need a lot of money to do it Doing a system on a demo doesn't work It is not easy to create your own system or figure out how to trade on your own if it was So many more people will be successful in the market I read something online or an email or something that something because I'm on so many lists myself From being in the trading world for years and years that you can just read charts and buy support and short Resistance and figure it out your own and get a demo account a small account figure out your own that that was ridiculous It was one of the most ridiculous things I've ever heard Okay, you cannot just pick up and teach yourself how to trade like that and die based on Bare bare minimum principles or buying a book it doesn't work that way Okay, you have to have a specific try strategy that you do that's profitable that you follow strictly every day There are nuances to the market There's something to be said for having a mentor as well And I mentor people having someone to call on the phone and say Melissa I don't understand why did this got work or why didn't this got work or what am I doing wrong here? Or how do I size myself? There are advantages to going and having a set system and my system and Classes really like a trading plan a trading plan said I just follow it and do it and you determine your own risk How much money you make is based on the share size that you take at the risk The bottom line is though that you can take classes and sometimes you will take classes And you won't get enough information from them to become profitable, but it's part of the journey It's part of the journey and I think this is what people people don't realize I talked to a lot of people before they come to me that have taken classes and spent money and they feel frustration They feel frustration They feel cheated that they took a class at ABC place and they didn't learn how to trade the bottom line is that It's a process and it's a journey and you know it like I said It's very rare that someone would find me and never have traded before although There's a few few people that have come and found me that I've never traded before in their life I think too. I think there's actually two people and all people have taught for the last four years Which is small so most people that I've taught have taken other classes before they've got to see me It is not a prerequisite and in fact I think it's better if you haven't if you don't know anything about the market You don't have any negativity in your pet or mind about it financially or otherwise you're very fresh and new and positive and that helps with the training But I will tell you though that if you are Wanting to do this and you're serious about being successful. You only have two choices Make the choice pick one don't take a class and then feel like you made the wrong choice Okay, it is still far easier to take class after class after class until you come and meet someone like me that has a Successful system a profitable system, which I do which is a golden gap system It's still easier to do that and find your road to me to make it then creating a system yourself Because you never know when the end road is or how much money that's going to cost You know when you come and take the class with me you have a strategy You have a system to follow every day, which is a 26 point