 Okay, welcome everyone! Let me know that you can hear me and see the slide here. We're going to get started. And if anybody comes late, hopefully they'll just ask questions about what they missed. I am taping the lecture today in case anyone is interested. And if you go to my YouTube site, just go into YouTube and look under the stocks whoosh, the recording will be available there this evening. Okay, wonderful. Great. Welcome! Thank you so much for coming today everyone. It is a gorgeous beautiful day outside of New York City, so I appreciate your time here today to sit in your office or at your desk and listen to me lecture. Hopefully it will be worthwhile for you. So welcome! My name is Melissa Armo and I own a company called the StocksWish LLC. And today I'm going to be talking about how to trade gaps. It's actually the strategy that I personally train in the market. If you would like more information, you can go to my website. It's www.thestockswish.com And you can also email me at Melissa at the stockswish.com if you'd like more information as well. And you can go to my Twitter, Facebook, YouTube, LinkedIn, Page, or Skype. You can add me to Skype. Or feel free to give me a call. It's 602-799-5754 if you have any questions for me after the lecture. You can feel free to reach me on that email. I trade in the mornings, but I'm usually available in the afternoon or evenings. So let's talk where to begin. Again, I'm going to talk about one specific strategy today. And I trade in the US stock market. One profitable strategy is really all that you need to make money in the market. And I've proven this. I've proven this to myself. I've proven this to people that know me. And now I am teaching this to individual traders as well. You've really got to simplify your trading life by focusing on just one thing and then doing it extremely well. And then you do it with size. And I'm going to talk about that today. The US stock market has an unlimited potential to pay active traders. And in order to be successful, however, it is very important for a trader to have a strategy. Now, many traders actually trade and don't have a strategy at all. So that's problem number one. If you trade the market and you don't have a strategy, you need to get one. Then the most important thing is focusing on that one and getting really, really good at it. Instead of doing like five different ones and not being good at any of them. You've got to get good at one. So why do you need one? And what strategy can you use to make a lot of money? You need to have the proper focus and knowledge. And that's really the key to consistent trading success. And you don't really need to do tons of trades either. Now, I'm talking about one strategy. But I'm also talking about the idea of just doing one trade a day or two trades a day. I'm trading and I'm done in the morning early. Today my day was done in less than 30 minutes. So this isn't something like where you have to trade all day to four o'clock. Now, have you ever thought about trading the US stock market? The great thing about the US stock market is that it has set hours. It's not like the forex market is 24 hours. It opens at 9.30 and closes at 4. You don't have to trade in the morning because gaps happen very quickly in the morning. But the good thing is that you have the fixed hours of the market and you can also be anywhere in the world and trade the US stock market. You don't have to live in the United States of America to trade the US market. You could live in China. You can live in Australia. There's traders in my room all over the world. So it's available and accessible to anyone that wants to trade it no matter where you live. And the fact is that the market can give you the income you desire. It absolutely can. Whatever you want, it could give you. But guess what? You have to know how to trade. And I think it's extremely important to know what that amount of money is. I teach my class and I ask people. They fill out a questionnaire before they take my class. I say, how much money do you feel that you need to feel wealthy? I think it's very important to be in touch with that. Many, many people go into trading, go into the market, and they're all over the place with how much they think they want to make. And often they're not really in touch with it. I find that if you're very exact about it and in touch with it, you will do better. This is a snapshot of my P&L for today. I took one trade. I lost $234. And I took another trade. I made $4,500. I was up $4,300 in the day in 30 minutes. And we're going to go over the trade I did. So I don't even know what that equates to. It's like more than $100 a minute that my time spent in the market today I got paid on. So let's just say you have a $25,000 account and you can make $4,000 in a day. That's like 20% of your money in a day. Now will you make that every day? No. Some people don't even make $4,500 a month, let alone in a week and let alone in 30 minutes. And I just did that today. So the idea of making $100, $200, $300, $400,000 a year, half a million dollars a year, a million dollars a year or more is 100% doable. Now I did take size in this trade today. I'll go over it. But even if you only took half the size in the trade I made today, you would have made over $2,000 in one trade in less than 30 minutes. And many people will be happy just making $500 a day. I mean I talked to so many traders, they would just be having to make $500 a day, which basically equates to $10,000 or something, $8,000, $10,000 a month, which is 100 grand a year. Now you have to learn how to trade though. You have to know how to do it. You will never, ever, ever make this kind of money in the amount of time that I accomplished this today unless you know what I know and can do it. But I put this in the webinar today to show you that it's real, that it is, is real. And I work from home. I'm in my apartment right now doing the webinar and that's where I trade. So working from home as a trader allows you freedom. You can go out. I can go to the gym when I'm done trading in the afternoon. You could go to lunch. You could go get a massage. You could do another job if you want to, but it allows you freedom. You can go on a bike ride. Anything you want to do, you can do if you learn how to trade. You'll have the money to do it. You'll have the time. You'll have the freedom. So what to do? What to trade and how to make it? How did I do what I did today, which I do often? Seeing the gap, which I'm going to talk about. Having 100% conviction, which I'm going to talk about too, and knowing that it'll work to just hit it right out of the gate. You can make more money than you've ever dreamed possible in the U.S. stock market. If you've been thinking about trading the U.S. market, so really is no better time to start than the present. Why? Because the market is very volatile right now. And the volatility is going to continue. It's not just like right now, and it's not even because it's earnings season, although it is earnings season right now, but the market this year, 2015, is going to be more volatile than it was in 2014 because the market is going to continue rallying. And even though it's sold off the last three days, it actually is going to continue rallying to make a new high. A lot of people are going to think that the market is not going to go higher and crash, but it's not. Rick ZZ is saying test. Can you not hear me, Rick? Can everyone hear me? I'm the only person that can see everyone's running in the room. Can you hear me, Rick? Let me write this in the room. Oh, okay. Then you're good. I have the only one that can actually, you can see me and the assistant moderator, that's it. If you lose sound connection, you can sign out and sign back in, but it should be fine. Okay. So look no further because this is something that you can do and this is going to be a good year to do it. Better than last year because of the volatility that exists in the market right now and is going to continue because a lot of people think, as I was saying, the market is going to crash and it's not. And this is going to bring in volatility and the volatility is going to happen in both directions, bullish and bearish. And that means what? That's how you make money for you as a day trader or a swing trader or core trader make money because the way that I make money in stocks, the way I made the money today was momentum. I could never make that kind of money if the thing didn't move today, but it had to move. It had a dollar plus move very quickly and more and that's how you make money as a trader, specifically as a day trader. So you've got to have that kind of volatility to get paid. If you're in a snail, it really doesn't work out. You don't get paid. So how do you make it? You've got to focus on one thing. This is pretty much what I look like every day when I roll out of bed. I put on my special glasses to go look for the gap, which is a strategy I trade and I'll talk about that in a minute, but this is me. I'm like honed in, zeroed in, one thing and I just go for it. Now how do you get to this point to be this focus that you can go for it when you have to learn what you're supposed to look for? So what is the one piece of information that really, really counts that I'm looking for when I'm looking for stocks to trade in the US market? I'm looking for something called an event. Okay. To decide what stock to trade to make money you can begin with one simple idea. You're looking for an actual event. An event is a reactionary change in price that is noticeable and it is definitive. A gap is an event. I'm explaining now what a gap is. I'm conceptually. I'm going to show it on a chart. A gap is a strategy you would use to enter or exit a trade. A gap is a reactionary event because it is something that is happening which forces people to take action therefore creating the event. When people take action and an event occurs this event in gaps makes stocks have huge momentum, moves. Why? I'm going to show you the one today. I did. There was shock. People are forced therefore to take the action of the shock and there's another reason why events are very important because of power. Power is easy to identify and there is a lot of power in gaps and what I mean is the force of the money. Money. The event is created by huge, huge money. You were looking to trade in the side of huge money that's how you're going to make the money. The power money. Power money creates and controls events. So when an event occurs you're looking to read the side of the power money. When you find it, you will choose that stock to trade in the direction of the event. What made the gap? Did power money buy it? Sell it? What is power money doing? And then you want to trade it in that direction whether you're buying it or shorting it if they're selling action. Read the story of the power money. Read the story of the power is telling you how will you do this? Okay? Power is reflected in price. I am a pure, pure technical analysis trader. I'm as pure as I get. If you gave me nothing to look at and I had to sit and trade and read the tape I still could do as well as I did today if I had to do that. Because everything I do is based on price analysis. I do not read reports. I don't watch the Internet. I don't watch television. I don't read earnings reports. I don't listen to anything anyone says. I am pure, pure, pure technical analysis and making all my choices. Okay? The power is reflected in the price of what you do in a stock that is exactly how you know what it's doing. It always is. It always will be always. Okay? So you don't need to learn any of the other things. And you don't need a million indicators and you don't need any black boxes and you don't need to buy any automated systems. You need your eyes, your brain and a live moving chart that is telling you the current price of the stock. Now, what is the real definition of a gap? A gap is a break between prices and a chart that occurs when the price of a stock makes the chart move up or down with no trading occurring in between. Now, I'll show you what this looks like on a chart in a minute. How do you find gaps though using technical analysis? So technical analysis is a science of recording usually in graphic form which is on a chart. I'm going to show you that in a minute. Now, what is a gap? Let's look at this one. This was one from today. This is win. This is a chart of win. This is a daily chart. This is a daily chart of win and last night win closed up here at a certain price. What a gap is is the closing of the chart. So this is a chart of win. This is a chart of win. This is the closing of the day here which was the Tuesday last night. The stock closed up here around 1.30 something. When you got up in the morning this morning it was not at 1.30. It was gapping down here. So here we have what is considered an event. And you can also see that this is rather shocking. So it opened here around 1.15 something. Actually it was about 1.15. It was like 1.16 or 1.17 something where it opened. So you see here that this stock did what I am telling you as a gap. So the strategy is you are going to find the gap which you found the gap in win and then you have to figure out what to do with this thing. Now you have to figure out if you want to buy this thing or sell this thing. Now you have to figure that out before this happens. It's easy to see now that this was a great short. If you shorted win on the day today you made money it was the only way to make any money. It fell all dead. But you have to know to do that before win even opens. But you do have time because this gap here happens in the pre-market or the post-market. So gaps happen at night and they happen in the morning but they happen before the next day. So you have plenty of time to figure out what to do with this one. If you are going to short it or you are going to buy it. But you want to know so that when the market opens at 9.30 eastern time when the US stock market opens you will know what to do with this so that you can get it so that you get this momentum here. Because here is where all of this is coming in quickly. And as a day trader or any kind of trader actually you do need to assess what you are doing early so that you can get the proper entry otherwise you are chasing something that is a falling knife and that is a terrible way to trade and I just don't trade like that. Okay. So gaps are a strategy to trade. Gaps provide huge momentum moves and stocks with a high risk to reward payout. We will talk about that in a minute too. Gaps can be traded for big profits early in the morning and also in multiple time frames. What does that mean? That means you can trade the stocks or you can take them overnight. And so that is the multiple time frames. A five minute chart or a 15 minute chart we will even look at today. Now what I mean by high risk to reward payout that means for every dollar you risk in the trade you are looking to make anywhere from one to three. Three is your goal every day. Some days you make two some days you make five depending on how long you stay in the position but either way that is a good risk to reward payout. Many, many gaps go to the targets if you want to get the highest risk to reward payouts you stand them to the targets which I know how to look at and figure out and I teach as well. But the real strategy is the gaps and you are looking for the momentum again before it happens. Rick is asking if I use options. No, but there are people that have taken my class that do. You would have to know how to do the option trade yourself. If you do, you could do it. Okay, I don't teach options. That is one way to use what I do. Same principle which is the strategy though which is the strategy though okay, same principle in play so conceptually again you are focusing on the one thing that is fine. It is still the gap. It is still the event. How much money would you like to make trading? This goes back to what I was saying earlier you really got to know. Do you want to make $10,000 a month? Do you want to make $2,000 a week? Do you want to make $1,000 a day? Do you want to make $20,000 a month? I believe that you need to know about how much you need to have in your account to do it. How much buying power and how much cash. Now let's just say you have a goal and you say I want to make $200,000 in your day trading but you have a certain amount of money and you can't risk what you want to make that right now. You can still trade and be profitable and successful with the money you have now even as small as you might have even risking only $100 a trade but you got to learn how to do it and making money from the market, you increase it. Someone asked me the other day about percentages. I can't even say percentages. If I said percentages the numbers would be off the chart with some of the trades that I've taken of percentages of the actual cash money that I've made on the day with the cash that I have in my account. So day trading is not about percentages. It is about risk to reward. So you start with what you have and you make it work. You could have a prop account if you ran into it and you could have that account up to 10 grand less than a month if you knew how to trade but you also could have $5,000 in a prop account and lose it all in a month if you don't know how to trade. You could have $50,000 in an account in a retail day trading account you could lose every dime in a month if you don't know how to trade. The market is just like this wild, wild amazing west of a place. It's like anything is possible out there as much as you want to make it work. So what I find is that people go into the market and they trade and they want to win but they're not focused enough on what they're doing. They're a scatterbrain and therefore they end up losing. So you've got to understand what to focus on and this helps you get something that I call conviction. So frame out your future with gaps as far as the money that you want to make the strategy you want to focus on is your conviction in the market because once you have conviction in what you do the sky's the limit. Someday I'll take a trade and that $4,500 trade will be $45,000. Could I do it in 30 minutes? Yes. The one thing that I've learned from trading the market is that anything is possible in either direction. As quickly as you could make it, you could lose it. So guess what? You need to focus on quality and I've developed a method to do that. That's the kind of money I made today. And as far as I'm concerned, no one should trade the market without conviction. It doesn't matter even if you're only risking a certain amount that you would consider small. Why risk one dime at all if you don't have conviction in what you're doing or if you have no clue what you're doing. It's like going gambling and trading isn't gambling. It's so far from gambling that I don't even understand actually at this point in my career why people even think that it's gambling because it makes perfect sense to me. Now, does every chart make sense? No. And you know what I do? Then I don't trade those stocks those days. I say, oh, that's nothing. It's nothing there. And I move on, I find something else. You train what makes perfect sense. 100 perfect sense. And that's what you do. And that's what you look for. Now, here is today's play. This is LL. This is a one minute chart. Stock rally. Night before the stock closed up here around 33 something. Again, this is a miniature timeframe. We're not on the daily here now. Like I showed you earlier in the wind, this is now a small timeframe. But the market opens at 9.30. Stock closed here, gap down. Rally. Now, you might have looked to buy this. I did not because I knew that LL was a short. And I had 100% conviction it was a short. So this was a short and you would have shorted it. And here's the move. Time of the day of the first drop was before 10 o'clock eastern time. You could have held it longer even. You see that it dropped down in here and it kind of started basing around 11 o'clock right before 11 o'clock. I think this ended up being the low of the day. I don't think it broke the low in here. But the majority of the move happened here in the morning. So this is the timeframe that I train. And this is all you need to do. As a day trader, you're chunking it out. You're going in, taking it, chunk it out. Go take it out. But if you went to buy this here, it was a disaster. And I can see that traders attempted to buy it here and here. That's why this looks so wiggly jiggly. But it actually was a short. It was the only right thing to do with this. And there was only way to make money. But some traders look at something like this and they think it's going to fill the gap. And that's incorrect. So you have to know what to do with this thing because all of this, you know it looks nice and pretty here. It's actually happening very quickly. I guess this is on a one minute chart. All right. But I have everything figured out way ahead of time in the morning, way before the open. Now here is the daily chart of the yellow just to show you. So this one here closed the night before like around 33 something. And then here you have where it opened this morning like around 28. You can even see this bar here. This bar doesn't look like a smidgen. It looks like a dot. But look how much money I made in that. Now there will be days that you can have ones like this. What about days like this? Or days like this. This stock actually did not have a massive move in the day. I just played it extremely, extremely well. This is a massive move actually. The high of this one up here which is a gap by the way not only first but this was a gap. This was a gap down. You could have shorted in LL. This happened back in late February. High up here this bar was 70. Low down here is 50. It's a $20 move. I can't even imagine the day I would have had if I had done this one with the size I did today here. Now I've upped my size for earning season here. But the fact is though that even on a day that isn't even you can still make really good money. Why? Knowing exactly what to look for. Knowing exactly how to play it. Knowing the exact entry. Knowing the exact exit. Knowing the exact numbers. Knowing how to take it short or long. It's like I'm a sniper going in and doing it but it's because of the focus I have on one thing. This is what I'm teaching people to do and this is how I'm teaching people to make money in the market. Making money in the US stock market because I'm teaching them what I do and it's not hard to learn it once you take my class because I do it every day. And if you trade with me in the live trading room you're there every day. You're doing it, doing it, doing it, doing it, doing it, doing it, doing it. And then you just learn it. Now here was the trade. Actually this is the wrong time here. I'm going to update this. It was earlier than 9.50. 28.75. Risk was 38 cents. This is a good stop actually for the LL because the stock can be a little whipper snapper. So 38 cents is good. Some of the stops that I've taken could be 10, 15, 20 cents though. You never know but the price point here in this one was good for this type of stop. So in 4,000 shares I risked over $1,500 today. Again I'm an advanced trader and I don't want to lose my profit. Risk to reward was almost 3. Now if I had held it, if I'd squeezed it down more it actually continued. I could have made more than 3 riskiness on it but I was up too much money to do that and it was out of reversal time. So I followed my trading plan and I took it. Now you could have retaken this. There was another trade in this. You could have traded it twice. I did not. This time in the entry is wrong. We'll just see now. And here's the money I made in this set. That's real. If I want to take it out of my account today I could and I could go shopping tomorrow. So don't tell me that you can't make money in the market. Whenever I talk to people and they tell me blah, blah, blah, blah I've taken this class and I've lost this much money and whatever. You know what? I taught myself how to do this. I created my own system. I started trading at the end of the 2008 and people that know me now see what I'm doing and I'm an inspiration to people that know me because I have friends that trade and I have friends that have known me for the last seven years when I started at the beginning and I was losing and lost a boatload of money. I lost a lot of money in the market when I started that trading. I don't think anybody does it. You don't wake up, roll out a bet and start making $4500 a day in the market. Okay? I don't care how brilliant you are and by the way, I'm brilliant. So it doesn't matter how smart you are it's not realistic. What is realistic is deciding that you really want to do this. You are committed, you believe that it's possible you're going to do the work to learn it you're going to persevere through whatever you need to do to get it done which might mean starting out with a small amount of money because you may not be able to afford to have taken the trade I took today to learn in any ways and trade with the money you have even as small as it is show that as time goes on you get better so you will get to the point that you are me show your goal is to be me but how do you get to that point you've got to take what you have now to do it you've got to take the time that you have in your life right now to devote to doing it you've got to learn what I know from me in order to do it and you've got to be committed to doing that this isn't like some of these things like everyone wants to go out have a good night maybe you go out you play blackjack or something you win a thousand bucks but if you go play blackjack every weekend in Atlantic City I'm not a big gambler I don't really do that but I'm just saying a lot of people here in the city they go to AC you could go and do that every weekend the chances are though you're not going to make a thousand dollars playing every Saturday night and in the end from January to December they probably comp you a lot of the casinos and you end up probably down on the year time you can consider with entertainment I don't consider my trading entertainment I consider it something that I'm doing for the purpose of making money every single solitary day my purpose is to get up and make money and you know what the faster that I can make it the happier I am the quicker that I can make it the happier I am in my dream dream world every trade would be done in less than 30 minutes although some I am in for 45 minutes or an hour longer I do not like trading the afternoon go over a late trade here so you can see you can do it later but I prefer not to do that but some trades do take longer to set up and go to get working but in an ideal world all of my trades happen very very quickly you've got to have guts to take a trade like I did though today and many many trades that I do having a mentor like me to tell you where to take it where to put the stock and where to get out while I'm doing it live with you definitely helps I wish I had had someone like that making me be focused at the beginning it was a process for me to learn and I was not focused enough and one of the very important things that you can learn from me is the focus you know I look at it like you're partnering up with the market that you're going to do this one thing for your own goals and the goal needs to be the certain amount of money that you want to make which I told you you should be in touch with what that is now you know it's funny when I started out trading I wanted to make millions of dollars and I really was kind of unrealistic about how quickly that was going to happen for me but now here I am and the idea of making several million dollars a year as a day trader actually now I see that it's my path so you've got to take where you're at right now be in balance with yourself with the money that you have to go a fourth and make it happen trust me I'm the most impatient person in the world you know my friends know this about me but I'm telling you if you can just hang in there a little bit you'll get the conviction and confidence to do it and it will take you less time than you think to make it happen it's always that you want to make it happen right away and I know because I'm an impatient person too but if you're just a little smidgen more patient with yourself you can make it happen just a smidgen just a tiny little smidgen and do you know that this drop in here happened I'm just going to explain this right now this green bar because I had so much size in it today this green bar I was up a good deal amount of money when this dropped down in here it did not break the low this is pure pure Melissa Armo right here professional trading at its finest the stock dropped and broke the low and I was up a lot of money in here and could have taken it out this green bar happened and could have flipped over the high and I had to stop it and I held through it this doesn't look like much but with the size I had in this I was still up but I was gave back profit and this green bar dropped and I stayed with the trade and do you know then it broke the low and then he resolved the money so I made more than double then but I could have killed it here and I didn't and that's what I'm talking about that conviction is because the stock dropped in here was up and it did break the low and I was up several thousand dollars then I forget what it was exactly but then it did this and I stayed with the trade okay so this is skill skill skill skill skill skill skill skill that you would learn from me to know that it wasn't going to bounce wasn't going to go over the high was still going to break the low the right direction was assured yes traders were trying to buy this I see it happen here I see it happen here it was not a buy was short and the fact is that how will you ever stick with this trade to have the conviction when you're up this much money to get more money that you have to understand what you're looking at and you understand that from the gap it's the gap I rated the gap I got up in the morning I rated the gap and the gap rated for my system that this was assured and that was it and that was it and you take it and you do it and you don't question yourself but you don't second-guess yourself and again this is what many many people do they second-guess themselves they question themselves am I right or wrong should I kill it should I take it should I buy it should I short it should I sell it should I quit it where should I put the stop no it's you got to know exactly what you're doing and then you're in it and you're invested and how do you gain that conviction by learning the process of the strategy of the full understanding of what the heck the stock was supposed to do in the day it's what this stock was going to do in the day and you got to see it before it doesn't or you don't get the money okay now Lee G you want to go through the trade again it was a short right in here you shorted it boom put the stop in never broke over the high of the day here by the way you could have been this all day with the stock here and here's the drop uh do I trade gaps on the on the SPX not really no I mean I like to trade companies I like to trade stocks that are companies actually that's what I like to do you can use gaps happen in ETFs so you can sure you can you can trade gaps in the QQQs you can trade gaps in any ETFs the metals but I I typically like companies that's what I like okay here's the trade again Rick's asking about the entry price right here boom so you size yourself according to the stop and that's how you size yourself okay that's how you figure out how many shares which has to do with the amount of the monetary risk now let's look at it and pretend you're a beginner you just took the class your brand brand knew this is you you're trying to figure out how to even do a short but you do it because you're like I have to do this now Melissa's calling it right now here's the entry price it's the same for you you take shares you're risking 152 this is so you know this is decent total profit is $451 again $400 a day is two grand a week two grand a week is $8,000 a month and $8,000 a month is almost a hundred grand a year okay and that's only making $400 a day but the problem is that many traders are not specific what they do so some days they make $400 some days they lose $400 some days they make $800 some days they lose $2,000 you can't be all over the place like that you can't be all over the place you get like that you can't be like a crazy person all over all over all over here I'll go back I looked at two things today this SSYS I looked at two I actually kind of like didn't it actually didn't even set up I kind of grabbed like a little bit of it there I like I looked at this first because I saw the LL was rallying so I got off of it quickly took to the other one it was a second pick the SSYS set up later I didn't end up ever going back into it because I had such a great trade in LL but the SSYS I just grabbed some of it it actually didn't even set up I just took it because I thought it was going to break and I wanted to get it and then I saw it wasn't going to break and it didn't set up and quick killed it but do you see here the trade I lost in on the day was $234 and then when I made money it was $4,500 so you have to keep your losses down and you maximize the biggies and you don't over trade and you have to know what you're looking for and I find many many people will just they're just grabbing at straws and they're and they're doing too many different things and then they then they don't see the results okay you can't have a massive day one day and then a huge loss the next day you can't have two trades in a day that one's a big loss and one's a big win you won't even get paid you you have to make your effort you have to know what you're looking for and some are going to work some are just flat out not going to work and actually this this SSYS did work I just I just took it because I thought it was going to hit a certain number and I just grabbed it very aggressively but then I quick killed it because it never set up a rally big but it didn't go on to work we can go over that one another time but the point I'm trying to make though is that you can't be all over the place in your P&L not just on the day but on the week and on the month you you have to be able to pay yourself when the time comes the broker calls and says do you want to check and if you're at a prop place you got to have the money there otherwise what is it for what's the purpose and I'm telling you there's nothing like paying yourself to get yourself motivated there's just nothing like it otherwise you can't go from point A to point B now this was the DDD alright let me ask a question here let me just answer the question do you wait for the first 15 minute bar to close no I don't do anything with that at all so these are just day trades yes I'm going to go over swing trade here in a little bit Steven Rick is saying you never paid yourself for trading because you've lost a lot of money in the past in the past but what are you doing in the present what are you doing right now in the present forget the past amnesia amnesia total amnesia right now go into the closet close the door that's it amnesia okay you will never move forward in your trading if you don't forget about the past how can I ever do a trade like I did today if I thought about my life seven years ago how do I ever get to this point how would I ever be where I'm at today how would I ever be in this beautiful, fabulous gorgeous amazing penthouse apartment because that's where I live how would I ever how would I even be here if I didn't have amnesia I'm living in the now I'm living in the moment I'm living right now today you know what this trade I did I'm talking about tonight because I'm doing a webinar I'm talking about tonight because I'm doing a webinar I had a great day and I'm giving myself kudos here pat in the back to height myself up for tomorrow and psych myself up to have a good day tomorrow but quite frankly tomorrow morning around the bed it's all brand new story I know what I'm going to get and you know what if I don't get anything good I'm not going to trade if I get a good one I'm going to trade and if I get a good gap the rates per my six point system I'll trade it if I don't then then that's it and you can't constantly be looking back whether the day is good whether the day is bad you go to bed at night you tuck yourself in you brush your teeth and you dust your shoes off you know when I was losing okay and my friends could attest to this there were days that I would lose and then I couldn't trade the next day unless I refunded the account I had a retail account you had to have 25,000 minimum in the retail places or you wouldn't have the day train buying power for the next day I would raise to the bank like a crazy person before two o'clock before the wire cutoff time to wire money to trade the next day because I didn't want to miss one day like I would lose money in the morning knowing it was under the 25,000 raise to the bank wire the money before two so I could trade the next day I never gave up that's one of the reasons I've made it but the fact is that I would get up the next day and have amnesia I would get up the right next day and have amnesia every day every day I would do it constantly constantly until I figured it out until I figured it out that this you have to just move forward all the losses that you have you don't have any idea how many people tell me to take classes and they don't learn any from them enough you've got to let the past go just because you're two classes in the past and they weren't worth the money and you didn't learn anything doesn't mean mine is going to be that way and if you think that you're never going to learn from anyone then you don't want to go trade the market and teach yourself it's a long, long road and you better be rich in fact you better be stinking rich if you don't have a lot of money you'll never make it and not only that you have to have the courage of a warrior which I happen to have or I wouldn't have made it but many people don't so it's a lot easier to learn from someone else and you might have to take five classes till you find me you might have to take ten classes till you find me you might have to lose however much money until you just get your head on straight and say oh my god why am I doing this on myself and I should just go learn from Alyssa you've got to get to the point where you recognize that it's part of the process it's a journey you go through the journey no one wakes up one day and all of a sudden trades the market I don't care how smart you are that was the point I was trying to make in the beginning you've got to understand this is one of these things that many people want to do and the road is different for everyone for some it's short for some it's long for some it's small, for some it's big for some they will never make it because they will quit before they've even given themselves a chance to make it and they don't have the courage or they will run out of money you're better off paying for my class so you don't run out of money and you can learn it because the market is not a fixed cost the market will take and take and take and take and take and take and take and will take as much as you have to give you see the difference yes I do, Lee sorry I just went off there from Rick's talks I am very consistently profitable MR but I don't take a lot of trades a day one or two at the most usually one maybe two it is earnings season right now so you could do as many as you want if every gap rates go to you get five gaps you could do all five I'm not going to take five trades in a day but you could alright now I just went off in a tangent but let's talk about this DVD and then I'll go back and answer some of the questions there I missed so here this DVD happened okay the stock gap down now this one here in the day ended up being a late short but it still was a short the stock opened it did gap down it had a big big rally though so the setup in this was late it did not set up early and aggressively you could have shorted it the next day aggressively but the day of the actual gap you had to be a little bit patient here was 15 minutes someone's asking about that here's the 15 minute it went and had this massive gigamongous move up here in the 15 minute and if you're trading later you do need to wait for a higher time frame here's the 15 minute right into lunch of the DVD you could have shorted it right here and it dropped it never broke the low you would have just taken this for a move you could have got out here into this reversal time where you could have tried to held it to the end of the day but the bottom line is it never broke the low you waited you tried you wanted to get it down it didn't do it guess what it gap down the next day gap down the next day broke the low and you could have aggressively done it then the following day but on the day of the gap you could have taken this as a 15 minute okay so this entry time actually this is wrong time here I think too I didn't have the time's right knees price is $27.68 for the entry stop is $27.85 this is a really good risk it's $1.17 now remember this is a different stock it's DDD price is still very similar I would say most of the stocks I trade or trade in a range that have really great moves of $1 or more between $10.45 now there are times I trade expensive things but it's not that often and there are times I trade really cheapy cheapy things but that's not that often either I find the range between $10.45 is a good range to get stocks to move $1,000 shares of this with an $850 risk and made $2,400 this is a late trade though you're taking it in the afternoon I don't suggest doing this unless you're ready up from the morning so let's say you took a trade in the morning and you made $3,000 you could risk a portion of that $5,000, $6,000, $7,800 and then you can make more money so then you have the extra but if it wouldn't have worked then you would have slipped up from the debt risk to work here though is good this isn't crazy, this is totally doable and this isn't a 15 minute chart here's your entry, drop but this is the gap it is a gap this is a gap this is the strategy, this is the event this is just the trade this is the trade inside the strategy which is the gap I wouldn't even be doing anything with this thing here at all I wouldn't even be looking at DVD if it didn't get because it got I can do this thing here ok now what if you were a beginner again in DDD same concept you only wanted to risk $85 you took 500 shares it doesn't matter the risk to work is still the same so you make $240 but you only risked $85 this is great so again $200 a day is still money that's $1,000 a week that's $4,000 a month that is totally doable it's $50 grand a year if this is your part-time job and you're making it an hour's worth of work an extra $50 grand a year is a part-time job first of all most traders are losing so if you can make $50 grand a year the first year is a day trader the next year you'll probably make $100 and the next year you'll probably make $200 and so on and so forth any single person that trades the market should be able to make $200 a day and if you can't make $200 a day consistently then you have no business trading take a step back pull yourself together and learn something new because $200 a day is like I could make with my eyes closed I could be a sleep impressive button to make $200 it's ridiculous and many people can't even do that and yet when you think about it it's $1,000 a week and the other thing I said about keeping in touch with what you want with where you're at right now and your goals a lot of people are like well I gotta make $1,000 a day I gotta make $1,000 a day why don't you just try to make $200 a day first and then you can try to make $1,000 prove to yourself and to me that you can make $200 a day and then we'll get you up to $1,000 and I must say you have to do this for like a year I'm saying make $200 a day for two months and prove you can do it you've got to take what you have right now and make it and until you do it doesn't matter that you want to make $1,000 a day let that be your goal you'll learn the system after you learn the trains, after you learn the gaps after you learn how to get conviction after you get out of the fear that you might have about risking money or the money that you lost and you start to have amnesia where you're not constantly living in the past because you'll never live in the present moment as long as you're living in the past and therefore you cannot move forward in your life and if you are not willing to move forward in your life it is going to be very challenging for you to be successful in the market and if you realize something the market's alive and it moves very quickly and I am in touch with that energy in the market and that's the reason I'm able to trade now like I do I'm in touch with that energy it has a speed and a life of its own and I'm reading it in live time and doing it and I understand how it works and the energy is the energy of money it's the energy of billions of dollars that run through the market at milliseconds it's money that runs through the market in a faster than the speed of light and it's a matter of money that is faster than the speed of light like you can't even conceive of it and it's real that one little girl in her apartment can make that kind of money today in that kind of time I was a blip in that stock today do you understand? Real institutions sold out of that stock today big time and it really didn't even have a massive move in the stock and the chart but it did okay I did not hold the positions overnight I do offer a swing trade letter that you have to really pick quality to do overnight some gaps I do you could hold overnight many actually though you know you'd have to really size your wrist differently in other words what am I saying I'm saying you wouldn't take 4,000 shares of LL and hold it overnight but that wouldn't make any sense you take a smaller position size do I ever get stopped out of re-enter of course sometimes I get stopped out it's an immediate failure that's it I don't retake it I'm off of it nope it's not gonna work whenever the number done sometimes I wait I let it do what I call correct itself I let it fix itself I'm not off of it I wait if it fixes itself I'll retake it if it doesn't then I don't you have to know again what to look for what is up based on the gap and the numbers in the chart let's do some real and sincere though so many BSers out there I'm so far from a BSer it's not even funny I think I had what's called honest dietist or something somebody told me somebody said something the other day it was so funny oh my god what did they say some friend of mine said something about something I was talking to him about what's happening right now in my career and he said something about that's what he said I just remembered he said don't let them push you around and I said that was even possible that's what I said to my friend I'm very honest very forthright and you know you have to be tough to trade the market and I am in my business dealings as well so you don't look to re-enter on the same day in the same stock I might if it still is okay to do and fixes itself if you shorted DDDD in the morning you got stopped out look what it did it went poof like that but it really was a short you would have had to wait you would have to wait and sit and wait and read a book because it took two hours to fix itself do you see what I'm saying so some days I will do that some days I will not if you're not only a patient then you're off you're done because sometimes it may take more than five minutes and that was the case in this DDDD what about the wash sale rules trading the same stock in the same month that all of those things you have to talk to your accountant about OJ I can refer you to an accountant to talk to them about that wash sale rules have to do with accounting terms that's an accounting question that's not a trading question but needless to say if you are set up as a market to market trader for accounting purposes you don't have to be concerned with that and anyone that's professional day trader should be set up that way and if you're not again email me and I can refer you to an accountant to get set up as a market to market trader although it is too late for 2015 or 2014 for your taxes how do you find the shares that got you mean to short you just look them up on your platform and see if you have them I check it before the open if you don't have them you can request them your broker every broker has a way to do that if you don't know how to do that you got to ask the broker I don't know where you trade ask the broker find out they'll tell you okay my average profit per day varies obviously does every trade go to 3 Rs no some go to 1 some go to 5 some go to 2 you have to have the targets and then you go with the exit rules which I teach in the class but I am looking for real targets not every stock goes there so then you have exit rules where you would look for what I call reversal exit signs that I would take out half the position or more book it with profit let the rest try to run to the target but it may not go so that has a big deal to do with the amount of the Rs that you make and you might have a certain amount of money and it wouldn't make any sense to try to hold it to the target and I'll be honest with you the target on what you call it today the target on that was 26 dream target in LL today was 26 low the day was 2650 should you have stayed in that all day to get it down to 26 that would have been ridiculous so there is a little bit of the common sense you have the targets do many stocks go to the targets your goal is done for the day when you make three risk units or more and you may have to go somewhere you may have to go to the gym you may have to go to work you may have to pick up your kids from school all of these things have to do with your lifestyle as well and my lifestyle is such that I have a lot going on right now and the idea of trading at 4 o'clock is not interesting to me whatsoever and I try to make as much money as I can at the beginning part of the day I know that 80% of the move happens then I'm fine now there are days though when I'm like 100% conviction no chance of failure absolutely in love with the gap that I will suffer through waiting for it to go to a target and might be in it for more than an hour but that doesn't happen every day and I really have a lot of conviction that that sucker is going to that number so you know what I mean but some people would never even have the patience for that but you do have to have some patience again you have to have some patience okay now the Netflix swing this is the swing trade someone asked me about doing the overnights here I called Netflix's swing trade back when it gapped up here you could have bought this gap the day of this gap here and then it gapped up here in the earnings and it just had an April and if you did this swing trade you were never down in it and if you took 100 shares look how much money you would have made it went to the target that I said it has other targets as well but it did go to one of the targets actually this date is wrong here too this date in here was not this is January January actually 21st the day of the gap over here was April so the entry date here is wrong just so you know it was the gap though that happened at the beginning of the year in January this was the day of the actual exit to the target of $575 but if you only took 100 shares of that which actually wasn't that crazy now I know this is expensive but this wasn't insane if you were never down in it and you could have made 17 grand let's go back and look at this if you bought this as a swing trade or an overnight trade if you bought 100 shares of this in January the day of the gap this is a swing trade I called in the letter you would have made $17,000 here getting it to the target high actually was over $575 so it would have taken you from January to February February to March and March to April it would have taken you three months to make $17,000 for the 100 shares of that how would you ever be able to do that how would you ever be able to take 100 shares of the stock with a $400 strike price and hold it and stay in it and have the conviction because you were up in here you might have just scaled out of this thing in here because you were up and you were singing and dancing but I knew it was going to make a new high and I called it to make a new high on the day before it even gapped on the earnings on this day here in the room I said this is going to gap up and one of the guys did do an option in it he did an option, not the swing trade but some people did do the swing trade that I called back there I don't know where people got out of it but you could have made $17,000 in 100 shares in three months how can you do that one strategy, it's all the gap this is a bullish gap so let's go over this in here, Netflix is a bullish gap Netflix was a bullish gap here closed the night before, gapped up gapped up here, if you tried to buy it on the day though as an actual long so you might have taken this it actually never set up but let's just say you did go long this on the day you would have taken the one loss and you would have been out but it actually was a great long it just didn't work on the day again sometimes you have to accept the fact that some of them won't work but this really actually never set up as long but it's either here or there let's pretend you did buy it and you took the loss in it if you bought it here as a day trade on this one you didn't take a loss, you made a lot of money on this day so here's where it closed the night before here around four something, 80 or something or whatever it was the night before 475 I think it was and then it gapped up the next morning here actually this was overnight, this happened after hours it was like around 530 so the stock gapped up $52 overnight if you had bought that before you would have made over $5000 with 100 shares it happened in 5 minutes actually when the earnings came out I'm not talking about as an option I'm talking about buying it outright you would have had to do that but you would have made 5 grand and you could have taken it out in 5 minutes if you do the option you have to wait to the time period that you're in the option and take it out whenever that happens to be when you did the option for it so again it depends what you want to do whether it's the equity trading or the day trading the idea though, the basis, the strategy is the gap itself and it's so profitable no matter how you trade it this is the point I'm trying to make is that it doesn't matter how you do it whether you do it as a swing trader core trader, day trader, doesn't really matter I like the day trading, I like money fast and quick and that's my personality but whether you do it as a swing trader an option or a core trader, day trader the money is there, it's real wide the gap but not in every gap you can't do every single gap you can't buy every gap up you can't short every gap down you can't fade every gap you can't short every gap up you can't go back to the chart and that's how you know and I developed a rating system to figure that out and that's how I'm doing these trades that's how I'm so consistent because I'm looking for that niche that one set of criteria that criteria tells me this is a good one Melissa do it does that mean I never take a loss? No sometimes I do but I win far more than I ever take a loss and then the days that I win I win big as well but I don't lose that much and then you see how it tallens itself up how do you know whether to buy the gap or short the gap I have a rating system that I teach to do it and I'm going to talk about that in a minute here that's how I know so when you went to your website the course is expensive it's $3,500 you can make that back trading so it's not expensive and to be honest with you if you don't have $3,500 for the class I think you need to not trade I mean you want me to be honest with you here's the honest side if you don't have an extra $3,500 for my class you have no business trading the market I've got to be honest with you, that's it you've got to have money to trade and you've got to have money to learn what to do and if you only have $3,500 and you throw it in the market you're going to lose every dime you have to have money to trade you have to have money for my class my class is not expensive some classes are out there for 10, 20 grants and once you have that information you have it for the rest of your life so is it worth it? Absolutely it's on the cheap side actually because what I teach you is real and it teaches you how to make money not just $3,500 but money for the rest of your life so therefore it is like cheap okay and I named it the golden gap because it's like finding gold in the market when you find one and you can make it back in one trade okay but if you feel that you don't have that much money you don't have your own good you know I care about people I run a business and it's successful but I don't want people doing crazy nutzy stuff you have to grab hold of what you have and figure it out figure out what you can do you can put the class on a charge card you can take your cash to open up an account you risk what you can afford you sit down to figure out your finances how are we going to make it work but don't go into this lack of commitment mentally or thinking that you're going to run out tomorrow make a million dollars could you over the course of your life though yes, yes you could okay could you make $100,000 a year doing this, yes you could could it happen in the first year, yes it could is it going to happen in the first week not unless you're risking a certain amount which is more than small okay so the market will pay you if you know what to do absolutely well I love this quote on this movie Wall Street the most valuable quality I know of is information it's a quote from Gordon Gecko and it's so so true and getting back to the price of the class it's the value and the information that I teach to me it's invaluable someday I won't teach the class anymore I just won't okay it's very valuable I take pride in what I teach I take pride in what I know I take pride in what I do I take pride in this webinar here tonight but I'm talking so honestly and fluidly with you people to try to teach you something here above and beyond the strategy itself with just some common sense about money and risk and how your mind has to work your mind controls your thoughts and you have to have power over that when you train okay the power of information is real so you can grab it I'm teaching it but if you're not willing to do that then there's a lack of commitment and that's where you got to say then why am I training at all and reevaluate okay the class I teach is called the golden gap course it is a 26 point reading system to find the best gap to train each day the course also teaches you how to play the stock on the day which is the entries which we talked about the course teaches you chart analysis and technical analysis on a very advanced level so the 26 point reading system is how I am finding the gaps whether to buy them or short them but the class gives you conviction it gives you conviction to take the risk because it's detailed and it's precise and it's complete and the class is advanced that's why it's $3,500 as well this conviction will help you to take size in your trades which will allow you to make more money because you just can't take size in trades you can't take 4,000 shares of something that's day trade unless you have conviction I don't care how much money you have that would be just silly you got to know what you're doing once you learn the strategy you will realize that the US stock market I'm not talking about once every couple months I'm talking about consistently throughout the week throughout the months and the key is learning what to look for and then sticking with one strategy because one good strategy is all you need and this is the big big point I want to make in this webinar tonight gaps is a strategy I focus on it's the only one that you need the reason is because no matter what type of trader you are there's a lot of momentum that happens when stocks gap if it's a good one and what do I qualify as a good one any gap that rates 20 points or more per my 26 point rating system you don't need to have 26 to 26 it's not about getting a perfect score but if you rate the gap and you tally it up and then everything totals over 20 you can do it what if you get 3 once 24, once 20, once 21 you're going to do the one that's 24 first you risk more with the one that's 24 and you rate them in order you say this is pick 1, 2 and 3 NR has a question here let me just look and then Rick has a question here hold on you do like a method besides the $3,500 are there any other fees are there monthly trader room fees I run a live trading room I'm offering a special if you do the class you get one month free if you do this class in May which I'm going to go over in a minute here other than that if you want to sign up for the live trading room it's $250 a month after the one month free if you sign up for the year there's a 25% discount I do not allow people to sign up for the room without taking the class that was a great decision on my part to help mold people as traders so you can't take the class you can't be in the room without taking the class I don't want people risking their live money every day with me unless they know what they're doing and the only way you'll know what you're doing is you take the class and even if you traded for 30 years or 50 years or older than I'm alive you don't know what I do and because it happens very quickly you have got to learn it and I want you to do well so I make everyone take the class that is in the room with me but I do give trials if you want a one week trial in the room you can email me I'll give you one week trial I've had people make the money for the class in the trial now I'm not saying you should do that you should take the trial and watch okay but you could get umpteen gaps in a week's time to make the money for the class but you know you're supposed to be watching and observing to see if you want to do it but I do give people trials but in order to sign up for the room full time you have to take the class so it is a full two-day course on how to strategically find pick and play stocks that are professional bearish gaps and I allow free retakes the class is online you don't have to fly to New York it's online you can be anywhere in the world and take it and if you take it one time you can retake it for free if you miss something and forget somebody you want to retake it you can always do that so why take the class to learn a strategy that you can use to make money in the US stock market simple and to learn a strategy that offers momentum moves and stocks each day to learn how to trade gaps because many people out there have no clue how to trade them and are teaching people the wrong way to trade them which is why people don't tend not to do well in gaps and then get confused okay and to learn a strategy that's profitable on multiple time frames to read stock charts and price patterns to learn how to pick which symbol to trade on the day like to know to do LL or win and to learn how to enter the stock and determine the targets this is very important a lot of people have no idea how to figure out targets as well so I use a 26 point checklist I just go through in the morning and check it and I just tally them up and then total it has to be 20 or more of the 26 that's what I'm looking for so the Golden Gap course teaches technical analysis on a very advanced level this is the name of the class I teach the class he just had to comprehend calculate and determine the price action to follow the large institutional money that is trading in stocks in the market the 26 point rating system in the Golden Gap course can be used to rate stocks to play intraday however the 26 point rating system can be used to choose a stock to take as a swing your core trade like Netflix and by the way LL is lower too because it didn't get to 26 today and it will the system is designed to follow the event this event in a chart happens in a gap large institutional money is the power in the market that creates gaps trading on the side of big money is how to make a lot of money trading and the Golden Gap course is a serious study of stock charts so even if you've been trading technical analysis for years you're going to learn even more about it it's just pure pure praise that I'm focusing on and the class is an education of how to determine the direction a stock at will make of the day and how to trade it properly again the entries like we talked about with the LL some people tried to buy that it was a short the class also educates traders on how to read resistance and support on an advanced level now let's talk briefly here about the market this is a chart of the QQQs this isn't from the close but I'm not sure is that who will be close tonight but you've got to learn how to read support and resistance in stocks and also the market and this is your own market and I do look at the general QQQs as buying each day when I'm reading it and they gap many days and that's unusual but it's the market overall market stocks don't tend to gap every day I've traded different one every day, different symbol every day but you could trade the market every day and people ask me this about futures using my system of reference to futures or even options for the market but it's very important to learn how to read support and resistance and I have found just from teaching people I didn't know this was such a big problem but many people don't read support and resistance okay you will learn this in the class too this is nothing to do with the points but this is above and beyond something that I teach in the class like as an overlap of things that just help you become more proficient in chart reading you went to camp for three days call of the enlightened warrior camp it seems like you may have attended that camp I've never heard of it but it sounds like a great name after the camp most of the fears go away one event was to walk 30 feet on charcoal oh that sounds interesting Rick I can look at AK and when we're done let me just see the other questions I think that's everything do you use overall market direction to enter trades or all of your entries secular secular but I do look at the market and I got to tell you the market the market is hard to read every day I get up and I look at the market gap and that's how I figure out what the market is going to do and I look at the overall bias what I think the market is going to do in the day but I am looking what I think it's going to do in the morning in reference to how I'm getting in my gap too the gap is secular the gaps work in their own regards to the market in other words the market has been rallying and bullish for umpteen years now and I short I prefer to short and I'm making money with the short side in a very bullish market which in and of itself is spectacular but I will tell you that when the market is ready to turn I'll be in a great position because I do know how to short and a lot of traders don't short well ok although they love to buy they have problems shorting mentally shorting rallies shorting in the wind which I don't have a problem doing the market isn't going to turn though right now the market is going to continue higher this year and continue making new highs but I trade my gaps based on the rating system secular I still look at the market anyways because I need to be informed of what's happening there are economic data reports that happen in the live intro day that can affect the market and could affect something that I'm in so you have to be aware of that doesn't have anything to do with the point system no but am I in awareness of what the market is doing and do I look in the morning yes so that's the combined rationale for that so the goal is number one trade golden gaps trade only golden gaps you have a high rate of success and directional bias number two get the best entry you can with precision so you can take size with a property or more money number three manage it correctly by taking some off into dips doing ads and doing your best to hold to a bigger target with a portion of your position and that's the best thing that you can do when you find something that's working your up a lot managing get out of half of the drop hold the rest you got to know where the target is but if you're up so much that you have to take it take it you could retake the second trade you could have that's seeing how one great trading system is really the key for your future and it's focusing on the detail of the precision if you're a focus on one strategy will be more detailed of what you do and you will train with precision this focus will translate into successful results successful results grow on top of each other your confidence grows with results your conviction grows with results you make more money than with results it's like it's like just the same thing we're having a good day or having a bad day when things are going great they they're going great it's just like when you're having a bad day all of a sudden everything's out of control you've got to get things in the right path where they're going great okay doesn't mean you have a bump in the road but when you do you just you just plow right through it okay focus you know one quality strategy in play will make an important impact on your trading it really takes focus on one thing to win the Kentucky Derby is this weekend I love the Kentucky Derby it's Saturday okay it's such a short race you think that those riders aren't focused to win all that money in that click of time they are it's actually it's like I love the Kentucky Derby and I like horse racing in general but I love the Derby and you know it's just like me like I'm trying to make XYZ amount of money in this many quickly seconds or minutes like that's me I'm like focus win go get it and then you have it there these horse riders are focused the horses are focused one successful strategy is all you need to trade learn one solid strategy one play you've got to learn advanced technical analysis because even if you know the other stuff about fundamentals if you're off on the technicals you'll lose so you've got to lead with the technicals okay and learn how to get conviction in the market as a source of wealth because it is and that's what I wanted to show you today okay it is a source of source of endless abundance and wealth if you know how to take advantage of it so educate yourself to become a master trader it's just the one strategy that's it okay you can go long in it you can go short in it it's one one strategy one focus to reach the top so don't give up on having the financial success you want in life because trading is it it can be the path for you and it doesn't take enough teen mares a day you do have to be committed you have to do have to do the class you do have to be there every day to look for the gaps and rate them and take the trades but don't go nuts giving up or go off the deep end thinking that all this time and energy put into the market for years is was a waste maybe your path was to go along for years and years and years and all of a sudden you find someone like me no one can know okay I'm single I'm not married I have no children someday I will get married and someday I will have a family did I think that this point in my life that I would be this successful and single now if someone said to me five years ago that I'd be single at this point in my life I would have said you're crazy 10 years ago would have said you're crazy and now things are happening in my life my business my success that if I had married someone 10 years ago I I'm going to meet right now right now I am the meeting amazing people in the greatest city in the world in Manhattan and that I and with my success and the people that I'm meeting every day that I would never have met if I hadn't gotten here and if I married someone 10 years ago I probably wouldn't be here so you just never know it all comes full circle I'm going to meet some amazing man this year I would never have met and everybody met him you just never know you never know how life comes around you have to go with it it doesn't matter if it's love it doesn't matter if it's success it doesn't matter if it's money it doesn't matter if it's training it doesn't matter the market if you lose hope and you give up and you don't want to push through it you'll never know how great you could be you got to have amnesia you got to go to the next level so simplify your trading life so you can enjoy your real life you can work on teen hours a day I don't ever want to do that again actually the best job is when you are your own boss you can go away in the afternoons go golf and go on vacation so make more money than you've ever gained in the US stock market the United States stock market is here it's waiting for you and the golden gap is a path to your financial success now here's the class dates the bearish class is May 16th and 17th it's from 9 a.m. to 5 p.m. the cost of the class is 34.99 you can email me if you want to sign up I am teaching a bullish class okay the dates of the bullish class are the 18th, 19th and 20th from 12 to 4 I'm spreading out in the week so this is Monday Tuesday Wednesday cost is the same this is a different course it's for the bullish class you can do the bullish one or the bearish one now I'm offering a Kentucky Derby special because I love the Derby it's through Saturday because that's the Derby I'm giving the wealth manifestation class for free with the class in May where they do the bullish one or the bearish one this is all about trading psychology it talks about the mind, money and how it works in relationship to being successful okay and I'm also offering like I said uh one month free in the live trading room look at that look at that I put one money there is a free in slip I wrote this today after I was done out of my trade I was like money money money after I got out of that LL look at that what a 40 in slip there anyways I'm doing very well uh I have to look at the ACAM tonight who knows maybe that'll be my pick tonight for the money or tomorrow you save $649 if you do the early sign up for the Derby special because you'll get the wealth class free in one month in the room and you get the whole month of May in the room where you can be in the room when it's earnings season and there's a million things to do so you should be able to more than follow me and take all of my trades if you're in the room you do exactly what I said take it here put the stop and get out I'm calling it live okay the idea of being in the room is that you're going to do exactly the trades that I do now could you do other trades if you want short yes you can you could do five things of the day if they all rank well but if you're in the room and you're new my suggestion is do exactly what I say okay so I do offer a class it's a trading room it's open Monday Tuesday Wednesday Thursday Friday but you have to take the class actually to be in the room I will offer a trial if you're interested for the week trading can make all of your dreams come true even the big ones so thank you for coming now does anyone else have any questions let me look yes most of my trades happen between 9 30 and 10 I don't take anything usually after 10 that doesn't mean I never do any trades but it's not every day it's unusual I'm usually done out of my trades by 10 10 15 10 30 Eastern time 11 o'clock the latest room as close as at 11 he's probably on the web case right now Scott said are you talking about the man of my dreams do I need any particular person or broker you could use whoever you want if you want to refer I'll send you one if you want to set up your charts just like mine I'll send you the charts you set them up just like mine I have just very very clean charts the white background so I can refer you for charting packages to try like a demo or a broker if you want you can day trade at a retail place or a prop place and that depends a lot on how much money you want to put up all right I'm going to I'm going to turn the tape off here quickly you look at a cam for for Rick Scott is saying he's going to be a kept man that's a funny one