 Put your hands together and welcome our host and presenter today from thesockswush.com please welcome Melissa Armo Let me know that you see the slide Can you see the green slide here? Okay, great wonderful. Welcome. My name is Melissa Armo I own a company called the Stock Swoosh and I day trade so today I'm going to talk to you about my day trading method, hello, and I'm specifically going to talk to you today about the system that I do that I personally created which focuses on stocks that are gapping and My system has a high win ratio and and I'm going to show you the trains for the last seven weeks I was on vacation last week, so I was off so I don't have any from last week However, I'm going to discuss the importance really of being able to consistently make money in the market I think that if you've ever traded before and some of you might some of you might not You know that it is possible to to make money in the market but one of the things that traders struggle with is the consistency level and I think that there's some very important things that people Miss with that which we're going to talk about today So if you have questions you can write it in the room I'll see them as we go along and if you want to reach out to me after the webinar You can email me at Melissa at the stockswush.com or go to Twitter Facebook YouTube LinkedIn Pinterest or Skype and Follow me at any one of these places so if you've been thinking about Trading or maybe for trading now and not having success ask yourself Why you're not successful and if you've been thinking about trading or you have never traded Then I'm going to tell you something that's very very important, which is that having one focus Works okay There are so many I mean a ridiculous amount of Trading systems and strategies out there that it's almost overwhelming and I'm talking from experience because I know because I personally when I started out and wanted to make money trading Which was like the end of 2008 was trying to figure out what to do myself I had a hard time and that's why I ended up creating my own system, but You really kind of got a sift through the stuff that's out there And I think that many many people jump around from thing to thing to thing and they never stick with one thing And then they never get good at it And then they never make any money and then they wonder why and I'm telling you I'm telling you why Because you've got to find one thing and you've got to stick with it. Obviously the thing has to work Okay, so if you're trading now and you're making money, but maybe not making enough Okay, maybe the system or strategy you're doing It is not that profitable and One of the things that I do that I'm very good at which we're going to discuss like I said today Specifically what I do is I like to short So not only do I have one one focus as far as the strategy? But I have a focus where where I like to short. Okay So I focus really on one direction So we're going to discuss today how to make money with one system and in one direction and why it's advantageous and the reason it's advantageous is because You get good practice. It's practice practice practice practice practice When you were a little okay, and you were Not even walking and you were crawling and then you learned how to walk and then you learned how to ride a bike Or play an instrument. How did you get good at any of those things? Practice doing it over and over and over and over and over again so how we Think how we act as human beings now as adults and learning something and getting good at it It's very very much like when we were young when we were children and how do you get good at something when you're small? Like I said, even a sport. Okay, like if you would play a sport my father likes to golf my father My father's golf is up and down if he has a lot of time to golf one summer He he has you know, he has he does great. He wins He wins the tournaments and all kinds of things But if he's busy with work and he can't golf that much he doesn't tend to do as well So it's golfing the more he golfs the better he is. Okay, it's very similar to trading But it's not just trading in general It's the idea of being very focused on one trading strategy And like I said really in one direction, which makes a huge huge difference in how well you do or not. Okay So why short? Why would you want to short? Well, this like I said is my focus now What is shorting stops move lower when selling action or shorting action comes into the stock? The price is driven down and if you short before the price drops, then you can make money One of the best reasons to short as a trader is that you can make money very quickly, which I like to do Okay, this is my personality. I like to be in and out of trades quick. Okay fast So when something sells off the moves tend to go fast I focus on the period between 9 30 and 10 a.m. When I trade So another great reason is that very often the downward moves happen in a big big way Which I'm going to show you some examples here today as well And when panic comes into a stock sometimes it looks like it has no end and It keeps dropping. Okay, and you don't want to be in the long side of selling action You want to be on the short side of a stock is selling off So you don't buy the stock if it's dropping you will short it and as a trader you can short it Now does everyone here know what it what a short is? I don't know everybody here has different Different experience. Does anyone want me to go over what a short is? You can write in the room or if you if you want to answer Can you hear me? Does everyone know what a short is? Okay Okay, the lyce is yes Well, let's look at target this actually dropped today. Okay Target dropped today some more. This was a chart from Friday I didn't put today's chart in it, but the stock broke this level in here today under 54 So this is again a good example of panic and short selling So why would you want to short because what else are you going to do in this target? If you're going long you won't make any money and What's another good reason to short the profits come very very quickly in the target now? This would be as a swing trader an option trade and I did call an option this I call to put Because selling action which again is panic action that comes into stock can happen sometimes in a straight downward movement where it actually goes vertical And do you see this that's almost what's happened here? And I like I said I didn't put in today's chart we can look at it when we're done if we have time But it kept going down even today So it's really really nice again if you get good at looking at one direction Because you will get used to seeing it like are you still like I said playing a sport or an instrument? And being able to predict then selling action, which is what what I do over here You had selling action previously also in the target This was back in january and even back here This is the end of last year in december where the stock price dropped So if you really go all the way up here from december january february march Do you see how the stock prices collapsed? It was up at 77 dollars at one point and now it's in the low fifties Okay, so you see here how you can make money doing this. Here's another example of Shorting panic selling action. This was a gap that happened on friday Big move that happened here The stock actually opened and swushed Which is something that I I teach my traders that come and learn with me But I want to show you also the follow-through that the stock had today Okay, so what is it that I do? I'm looking for stocks. They're going to sell off when they gap Like the target like the afsi Okay, so it's very very important to be able to predict where the stock's going to go When you're taking a trade because it's the only way that you can make money And the reason I like this one directional bias to the downside is again The follow-through and the panic and the moves happen big and they happen fast as in these examples So it's about training your brain You're training training training your brain in one direction. It's like when you get an instinct, okay It's it's almost when when I'm training in the morning and again I'm trading in that period between 9 30 and 10 which all the trades set up very quickly It's instinct now because I train my brain over and over and over and over to see it To see the patterns to see the patterns of the chart when they're setting up to see the The price action to see the weakness in the chart to take the short Now trader out as a question The only way you can short is by buying options puts on stocks. How do you short stocks? Well, you have to be able to have an account in order to short Which means you need a margin account you have to be able to day tree So if you have an option account You would if you wanted to short the stock you would buy a put like you would buy a put in target If you want to be able to actively day trade like I do Then you have to have an active day trading account Set up at a broker where you can short if you don't have that type of account now Then you would have to you'd have to you know Fill out paperwork with that broker to turn it into a day trading account Or you would have to set up a new account as a new broker You can email me at the list at the stockswish.com for broker referrals For places that you can short Okay, there are two different kinds of accounts you can open one is a retail account Well, you need a minimum of 25,000 to have a margin account to short to day trade actively Or you can open up a proprietary day trading account where your minimum required is going to be $2,500 In order to actively day trade those two different types of accounts the smaller one you will get more leverage 10 to 1 However, you will have a cap every day, and you won't be able to do overnight in that type of account Unless you have more money Uh, do you have to find your locates first thing in the morning prior to market opening to be able to short the stocks You are considering No, I do check if I have it. Okay So you have to check But it's rare that I would have to do a locate usually if I don't have something I email to see if I can get it Usually I do get it But I don't have to do that that often you have to really have an account at a broker Whether it's a retail shop or a prop shop that has a lot of shorts So I don't really do the locates. I just email and say can you get me this one if I don't have it? but that's to be honest with you very very rare I For the last however many years. I mean I've been trading eight years down I go to the places that mostly have shorts. So it's rare. I have to do a locate You can't really Do a system where you're shorting if you have to request shorts, you know three times a week It's a pain in the butt and you don't always get them. Okay So that is something that you've got to you've got to trade at a place that has a good Short list and most brokers with active day traders Uh professional traders or big traders, you know have a big short list because Traders like to short that really know how to trade well. Okay So you can email me if you want to refer over a broker. Anyways getting back to what I'm saying You're training your brain in one direction. Okay So you're training it and you're doing it over and over and over and over and over again um I don't know who's who's asking question because I don't see your name. It's just a dot What's your name there? Mr. Or Mrs. Dot? I don't even know if you're a girl or a boy because you don't have a name in the thing But um email me at maliceofthistoxwish.com and I'll refer you to broker Okay I don't know if it's a man or a woman Um john is saying Schwab almost always says plenty of stocks to short. There you go Most of the big houses should or you just change places So making money consistently means you have to be good at predicting directional bias with accuracy And whether you want to go short or long you still have to be able to predict where it's going to go Or you can't make any money many traders are fighting against each other for the money Who will win you or the other guy because to be honest with you there is only one It is a fight. It looks like this This person wants the money You want the money? What are you going to do? Who's going to get the money in the end? Only one person gets it There's no there's nothing that you're creating. We're not you know, you don't get up in the morning when I get up in the morning I'm not I'm not I'm not creating anything The money's there. I'm pulling it out of the market or I lose if I lose on the day I'm taking it from someone else if I win Which I often do and that is what it is So you have to understand that you're fighting against the other people in there There's buyers and there's sellers. There's only going to be one winner and you want it to be you So there is a certain level of skill set that's required because if you're up against other people You got to be smart. You got to be savvy and I'm telling you a key ingredient to it is really understanding and comprehending that being extremely good and having a focus on one System one strategy and even in one direction really does put you ahead of the pack of the people that there's so many of them That are trying to get the money going back and forth back and forth back and forth On doing many many different things really you never get good at anything And one of the reasons I'm successful is because I'm extremely good at predicting where stock will go when it gaps And more so in the downward direction, but every once in a while I will go long But the reason I'm able to see even the bullish gaps well is because I've gotten good at shorting But I still go to the shorts. I first every day So who will win again? This was clipped from last week. It was the target on Friday. It fell again today Who is going to win in this? Who are the winners? Who's going to be right in target? The longs of the shorts because there are people that are trying to pick up the stock and biden here in this previous support Back from 2014 2012 it's come into this level. It's there right now even in the close today I quick looked at it before we got done Or before we started here Who is going to be the one that gets it? That makes the money the people that are going to biden here and pick it up in the previous support Or the people that are shorting it here are already short that are trying to pull more out of it I my prediction is the shorts. Okay, that's my prediction But the bottom line is that this is how things go and why you have to have a method to determine what to do And the method or system to determine what to do is not based on always buying support because it simply doesn't work all the time Why why doesn't buying support work as a strategy consistently to make money? For the simple reason and I don't know why traders don't get this in their heads that there are too many support levels So this is a support. This is a support. This is a support. This is a support. This was a support Here's another support How do you know or any of these going to hold? How do you know? There's many many supports in target How can you predict which is going to hold? So you can't and that's the point what I can predict to make money and and what you would learn from me is When a gap happens, which is the gap here that happened in the target. I know this is small Here, let me go back. Um, I can predict once the gap happens Where it's going to go and you use that information Based on the rating in the gap I have a system to rate it that will tell me if it's good if it's going to keep going lower Or if it's a long So that's what I do because buying Support does not work consistently as a strategy to make money So it's the gap and then that's that's what I do And like I said, I prefer to short so shorting is hugely profitable It's one of the reasons I like it the moves happen fast They happen quick and it's due to the panic because if you were long or stock And you were in it and you were actually long in it and it starts to sell off You will panic you might panic because you're giving back profits You might panic because you're down money you might panic for lots of reasons And again the effect of panic and something like target very often can be a vertical move down Which is great if you're in it in the right direction and not great if you're in it long So how do I know how to read the panic before it comes into the stock and sells off by reading the gap? This holds the key to predicting directional bias which you can use to make money and that is what I do So what is a gap for those of you that don't know I'm going to describe this to you right now This is zoom z the stock closed here and then a gap down boom Okay, so the stock closed here the night before around 21 and the gap down here to run 18 something What did it do a gap down that it dropped and fell So a gap is when something closes at one price At four o'clock and opens at another price the next day at 9 30. That's it. That's all a gap is So you would see this in the pre market or the post market Okay What I do is look for institutional gaps So what is an institutional gap an institutional gap is a gap that moves in the direction of the gap It's called an institutional gap because institutional money large professional traders and investors are making creating the gap Like this thing here in the zooms eight or even the target where the stock gap down three dollars overnight And in the target it was like a ten dollar move down. Okay So in the case of a bullish gap professionals are buying the stock therefore the stock moves higher on the trading day In the case of a bearish gap professionals are shorting the stock and therefore the stock moves lower On the trading day. Okay, in which case you want to be in it Short, okay, if you're if you're in it Why are gaps significant? They help you to analyze a large time frame to make the trend decision on the direction of bias for the gap And that's how you that's how you know whether to go long or short it All large traders of every kind look at large time frames to make decisions particularly institutional traders They help you make entry decisions and exit decisions Based on a small time frame the one minute chart, which has a high degree of focus and accuracy So using the daily chart to make the decisions for the stock pick allows for accuracy in the right direction And using the one minute chart, which is how I take the entries which we're going to go over here Allows for good risk to reward trades with accuracy So it's the accuracy by applying the same information that you're looking for in the in the gap every day And in the setup and you do it over and over and over again and as i'm saying I prefer to short So getting back to again a common sense philosophy why to trade gaps And why do they work and why do they have big moves? Gaps are created with large institutional money. That is what makes the gap The professional gaps that happen and play out in stocks are formed by one thing and one thing only large institutional money Therefore you need a way that will help you pick the correct direction to play the gap And then you confirm that the large money will flow with it by having a formula to rate and qualify the gap You get confirmation and not only that conviction At the large institutional money is on your side and then you play it Gaps are an event and they create a sense of urgency What's going to happen is a stock going to sell off? Is it going to rally? What's it going to do? Should I get out? Thus an action is being forced by participants in the stock For example, if you were long something like target and then a gap down against you This is why gap trading is incredibly powerful because it has big moves because people see the panic and they're involved in the panic They are the ones panicking. Okay So trading gaps is a powerful and profitable way to trade because you're trading on the side of power of money You can't have moves in stocks like target without huge massive amounts of institutional money Something would never go like this. I'm just going to go back here quick Something would never ever go like this and I'm going to go all the way back here to december from this point here To this within three months Okay, without a huge massive amount Of money that's pushing the stock price down and basically selling out of it And they are selling out of it because how do I know the stock wasn't an uptrend? It's not anymore, but it was okay. So huge massive amounts of selling came in People's shoulder long position and the stock's driving down And it's institutional selling and that's one of the reasons I I called that so well to work. Okay Now many many people ask me about this because they say gap fills and this and that and the other thing Is there more than one kind of gap to trade in my mind? No, not with a high degree of predictability So my answer to this is no because if you can't predict the direction of stock will go any gaps Then you can't make any money with it and therefore there's no play there. There's no reason to trade it. It's not good information Okay, you have to be able to accurately predict something if you want to trade it for profit And if you can't do that then there's no reason to trade it at all So to me the only gaps that are predictable to trade to make money consistently are institutional gaps You really need high probability in order to make money trading. It doesn't matter whether you're swing trading day trading or Or You know option trading you need something with a high probability So I created my own system, which is a 26 point gap rating system That gives me an edge because it reins the price of the gap And using technical analysis and an advanced level pinpoints which stop to trade that day and in what direction And I'm extremely good at doing this Okay I'm going to show you the trades here in the last seven weeks and show you the accuracy rate I've had But it's based on my system. It's based on the 26 points. Now today. I did not trade There was nothing to met my criteria. There was no gap that rated. Well today I did call this morning Tiff tif as a long as a continuation gap That was a bullish gap and it did work But I didn't do it again because I prefer to short but some people did in the room You know again the focus focus focus on the system Here is a chart. This is back going back years now 2012 someone emailed me the other day Uh, Rashid, I think I'm not sure how to pronounce his name About whether or not, you know to use systems for swing trades or whatever Here's a good example. Okay pay had a gap that happened back here in 2012 Stock was here was rally nut was in an uptrend boom gap down Area around here is around 40 41 ish. Okay The stock has never gone over the highest gap That was in 2012. It's 2017 now. I didn't look where this was today, but it's nowhere near this number So you could have done this trade for a long long time to the downside and made money doing it Back and forth a million times whether it was day trades or swing trades or even an option So great example here of again the power of the gap that happened here and that has continued now for five years These things can last for a long time people. You never know You have to keep looking at it and rating the gaps and you have to keep qualifying it and that's what I do every morning So the key for one individual like you or even even me because I just trade, you know myself I don't have a fund or anything. I'm not trading other people's money Just a singular account like you people the key is to produce income generation over and over and you do that by chunking it out I actually had estimated there was like 30 some weeks left in the year But I counted them today. There's actually 40 more weeks left in the calendar year starting March 27th Which is next week after the class My class is this weekend starting Sunday if you made $1,000 a day on average trading between now and the end of 2017 You could still make $200,000 this year Now there are days that I make more than that because Sometimes the stocks have big moves and I'm taking size in my trades And I also do option trades too here and there so you could do the day train options But on average You could still make over 200 grand a year 200 grand a year starting next week trading my system This is not insane It's the idea of being very good at doing one thing And then applying that information It's about chunking it out You will never get to any monetary goal you have Okay Unless you learn how to do it and it is about the focus and it is about how to trade It's it's how to think like I showed you in the morning early about the baby The baby practices over and over and practice practice practice practice practice to the baby gets to good at walking and crawling And and then riding a bike, okay? And even if your goal is half this or only $500 a day What would that mean? You could still make six figures a year between now and the end of the calendar year So it's possible for you to make this kind of money. You still have plenty of time to do it even though it's almost April Okay, it's just that many people Are jump around so much and they also don't do things that they're supposed to do or even that they say do I have people that are in my trading room that have done my class that don't listen to what I say I try to tell them not otherwise, but they want to do their own thing There's nothing I can do I mean you really really have to take this seriously if you want to achieve your goals and I and I'm a goal oriented person But I'm even more more so consciously aware of my my goals for this year for 2017 I've even gotten more serious about it. And it's one of the reasons that my My win ratio Uh and my stability with my trading has been really really shine forth this year So last week I was off, but this is going back seven weeks I'm taping the webinar you can go back and scroll back and look at all these the winners and the losers for all the trades And like I said, I did not do anything today So It's it is about the consistency to do it So last week I was off, but so far since it was since january 23rd. There's been 37 trades 30 winners and seven losers You've got to be able to withstand the fact that some trades will lose But this is still great if you are winning more than you're losing you're making money And you can figure that out as such So what is it that I do when I get up in the morning every morning? I get up and I scan for stocks that are gapping and I look for things that are gapping down And I look for things that are gapping down in the naztik and the new york stock exchange And that's the the ones that I focus on And I have a 26 point checklist and that's what I teach in my class And that's what you come and you learn from me And that's the meat and potatoes in my system because it tells me every morning what stock to watch to trade There's a bunch of things I like for tomorrow. One is gis one is len and one is fran. They have not gapped yet They haven't reported they have earnings tomorrow morning. They all will gap Whether they will rate good per my system to short or not whether they will gap down or gap up I don't know but their watches. Okay, here. I'll put them in the room fran len and gis So I don't know what they're gonna do but one of those probably is going to be a good one Gapped down and probably wait well rate well because I've looked at the charts. I looked at the charts today But how will I know I will get up in the morning? I will apply my system. I will rate the gap I get up early. I do it. I prepare. I don't trade on a whim And I'm always taking my trades between 9 30 and 10 if the stock isn't set up till after 10 o'clock Then guess what? I'm not shorting it because if the stock is rallying rallying rallying and is green on the day And has a green body a green candlestick and it's rally for 30 minutes straight in his green The chances of it selling up in the day and going from green to red or what? Next to none Okay So I want to see the selling action in the morning if I'm going to short the stock Or vice versa if I'm going to go along something. I want to see the buying action like actually happening today in the tip So my 26 point rating system for gaps tells you what what's the purpose? What's the point to have a high probability of directional bias the stock will follow through in the gap To have a big move on the day, which I like to do but I'm in and out usually very quickly I don't often get the whole move in something, but it doesn't matter if I've met my goal I tend to get out That's again how you chunk it out too Also early confirmation Of my bias in the move between 9 30 and 10 And precise entries was followed through in a good risk to reward and this is very important too But you know if you are risking a thousand dollars and you can make a thousand dollars That's real money people But there are many days that I make more But you do have to have a money management proper money management when you're trading and if you're up your goal for the day You know And it starts to back up against you you've got to take something out If not the whole thing at least half So the philosophy behind my system is what it's to look and analyze a large time frame Which is a daily chart and that's where I get the points off of To make the trend decision on the directional bias for the gap all large traders of every kind look at large time frames to make decisions Particularly institutional traders. All right, so you want to be with those people. That's your goal That's your goal in life Okay as a trader and you want to make entry decisions and exit decisions because you have a singular account with a fixed amount of Money and a fixed amount of buying power on a small time frame, which is the one-minute chart And that's where I get the high degree of focus and accuracy and also in that time period between 9 30 and 10 I did a webinar on saturday and I don't know. I guess there was some guy talking before me I didn't hear the guy and he had advised people Not to trade until after 10 o'clock any gaps That that to me was ludicrous I said I want to say that I don't want to embarrass the person in the webinar Or be disrespectful, but the fact is that I would never take anything it hasn't set up till after 10 o'clock But you do absolutely have to know what you're doing between 9 30 and 10 and again It is a skill It is a skill that you would learn and hone in on from me And that's where you're going into making the money because if I ran a fund I wouldn't wait till 10 o'clock to sell my position and target So if you're a trader and you're waiting till after 10 You're missing the move at the sell-off that the institution or fund people are making Does this make sense? So the point is if you're going to be in the market and if you're going to miss your money Then you're going to play it with the people that know what the heck they're doing that are moving the stocks And if you don't have the gum should do that at the where with all the knowledge And you shouldn't be taking any trades at all And that's my opinion on it because it's the only real way that you can make money or at least this Kind of money if you want to make a hundred grand a year or more So i'm using the daily chart to make the decision and i'm doing it before the market opens And then when the market opens i'm waiting until the open to take the trade and get in and i'm looking for you know accuracy Now let's look here at the zoom z So zoom z Gapped down rated well per the system. This was back on march 10th this tail the move down here was the short Now if you get up in the morning and you rate this one and you say this is a good one, which i did I said this is a short boom you short it Stop Here's the drop Here's the first target It kept going a little bit more Do you see the time of the day here between 9 30 and 10 do you see the accuracy? This is what i call the money move as well seeing the stock Rating the gap you get ready in the morning boom you do it. I also use stops So the stock would be here Do you see how ridiculous it would be to do anything else other than this move If you tried to short zoom z later in the day you didn't make any money it flipped It would make no sense for you to go long in here at any point in time And it rarely went it really didn't even barely go over the high of the day The way to play this was to the downside and the selling came in right into the open And what selling is this is an institutional selling that pulls the stock down and it did go to the target Okay So price of the entry 17 99 actually went to the second target, but this is the first move It was basically about 50 cents So if you have an advanced risk of a thousand dollars, you could have taken 2000 shares of this How much would you have made boom 900 bucks and five minutes? Again, this is the type of thing that you are looking for the consistency You get up in the morning you rate the gap you find zoom z among maybe 30 things you're looking at Of the 30 things you're looking at you might rate five six seven Some may rate some may not Then you narrow it down to the highest rated one boom you watch it sets up you take it get the move you're out And this is what you do you do it over and over and over and then that's it You don't do any more trades. You don't take anything else. You don't keep keep trading If you make 900 and five minutes you you you are done. Okay, you shut it down Unless maybe you're doing an option or something later on the day This is again something that is very very I don't I don't I don't even understand like why people want to keep trading all day to four o'clock. I just don't get it I mean part of also Hitting your goals. You're your money goals. Okay as a trader is understanding when to get out and when to stop I did not understand fully this when I first first started But as the years went on I did realize very quickly that in the morning time Is the time to trade that I gave money back in the afternoon I stopped trading in the afternoon And I really had to be very disciplined about that. I have no issue with that now Um, but some people that come to me are so used to trading till four They have to get out of the habit and it is a habit And particularly if you don't have another job to go to you don't have a family or anything You can be distracted and feel like you want to look for stuff and then everything looks good And if you're ready at money in the morning, then you think well I have some I have money to play with no That's the money that really you have to pay yourself and make sure that you keep And the only way you make sure that you know that you keep it is when you when you're out You stop and you're up and you get out when you're up and you don't go back yet on the day. Okay And you wait for tomorrow for the next gap So how did I determine for example the zooms? He was a correct after short again going back common sense Just like if you were a baby and you were learning something you do it do it do it do it And you see it every morning Just over and over and over and over again So I got up I scan here's where I scan on my scanner in the platform and every platform has some type of scanner It's a top 20 list. You'll get the lungs and the shorts So the bullish one the watches and the bearish watches here So if you were looking for bullish gaps, you'd look at the gainers And if you were looking for Shorts like I tend to focus on you're looking at the losers. So this gives you 40 packs Okay, any questions here so far? So then I get up and zoom see was at night Okay, I kind of had a feeling this might do something and then you rate it So you can rate in the night and you rate it in the morning and then here's the live day and see that it goes Okay beautiful beautiful beautiful move Any questions as I'm going along Now let's look at another one here. What happened with this one? Stop closed here. Boom Again, look at the nice solid institutional sell-off the day of the gap the follow through beautiful beautiful beautiful boom What do I do I get up in the morning and I rate the gap and I determine that this is a short If you think that this is a long you are losing If you wait till after 10 o'clock you're losing if you're trying to buy this into support, you're losing Okay, you got to look for where the institutional trader is going to take this sucker on the day And how do you know? Well, that's what you come and learn from me. Which is the rating system Now let's look at it It's a one-minute chart. Stop close to your gap down. Boom Rally to take it short it stop over the high Drops keeps dropping Do do do do do look at this Okay Look at the nice smooth Move in the stop to the downward direction Oh john is saying a trading platform This is not my live platform. This is Orvis I use Orvis for charts and Sterling as the live one So I actually have two different setups You don't need to because if you're in the room with me you can look at my charts too But I just happen to like Orvis charts to look at the candlesticks But really you could make any charts, you know, look like this look like mine You can set them up the same way if you want to or at most places But Sterling charts do not have enough data. So I don't like their charts, but they have a fast execution system But they're expensive though So if you can get something that works for you You don't have to use exactly the same setup as me, but you do have to have charts You got to have the shorts. I also use hotkeys Some people prefer a mouse, but I don't like trading that way. I think it's too slow Um So you can play around with it Pretty much any platform out there will give you a free demo for at least a week or a couple of days Play around with it mess around with the charts. See if you can get them to like them I've never used smart edge. In fact, I don't even know what that looks like But you can you can send me a picture of the charts if you want or go and you know call them and ask them See if you can get your data to go back as long as I can go back The one of the reasons I like Orvis is that the miniature charts the little one minutes go back 17 days To be honest with you, I wish they could go back more, but this is the longest I've found Of any charts that I like. Certainly know it only goes back seven days on the one minute chart and I don't like that So you can find out how long will they go back? Can you make them look like this? Do they have hotkeys? Do they have the shorts? You need pre-market data You need post-market data Okay That kind of stuff So I've never heard of smart edge actually, but you can call and ask them Oh, where were we here? Oh, okay TLRD. So TLRD Boom shorted 1680 stop over 1720 you're in Risk is what 40 cents you will have a different risk every single time that you take a trade I wish I could say every trade is 30 cents 40 cents 50 cents. It's not I don't know till it sets up some stops are 10 cents Okay, you don't know In this case here, it was 40 cents Again, my risk is similar You know I I try to do this very fast and I try to take a certain share of size It's close enough to the whole number But for this one here three thousand shares is 1200 bucks But you shouldn't be risking a thousand if you were trying to hit it and only risk 500 So you got to be close to the number Anyways exit 1625 Boom 1,650 dollars and 15 minutes and this is not all the way down here I just want to show you the stock dropped broke 16 went to 15 something. This is just the first move You take it boom. You're out take it boom. You're out take it out boom 9 3 10 You could actually make a training plan on doing every stock that I short and taking it and getting out every setup by 10 o'clock You could just set the alarm. In fact, I should just set my alarm to go ding And I I don't though because I'm watching the clock usually when I'm trading, but I could set an alarm And get out of every trade at 10 You could you could time yourself like that literally So again going back to the idea of making 200 grand between now and the end of the year is not insane because some days you will not trade But some days you'll make 1600 bucks or 1700 bucks or 1800 bucks You have to be able to take advance risk if you want to hit these numbers if you don't then drop it back Drop it back or risk 300 risk 600 bucks get good You know, whatever your goal is You've got plenty of time left between now and the end of the year Like I said 40 weeks starting next week after the class to make real money doing this if you follow what I do I mean in the room helps because I'm giving the calls So, you know, it's just an attractive way to make money because to me the trades go very fast Five minutes 10 minutes 50 minutes. You're out. I'm not waiting till after 10. I'm out by 10 most of the time And again, you're looking for a good risk to your world Which is what one to one two to one three to one any of these are good Every once in a while you will get something and actually that a fsi, which I didn't I didn't trade last week was insane Huge massive dream target if you did that one for the people that did do it without me last week You will get things that drop and go, you know, 10 rs And on the actions trains, which I'm not going to detail tonight very often Many of them are 100 return investment or 50 return investment and that's a great payout I may end up calling one in tip. I don't know. I didn't look to see where it closed tonight I'm going to be watching it, but tips definitely higher, you know You you have to combine looking at the stock in the gap the gap rating itself Looking at the momentum and the money in the volume that's coming into it with the gap rating Now how much money can you make? I get this question all the time again 500 bucks a day is what It's roughly 130 grand a year again It's not January 1st, but I'm giving you some ideas here is what your expectations could be if what you want to risk $300 a day comes out to be what if that's your goal. That's very reasonable too. That's still $78,000 a year It's chunking it out. You said well $300 a day in the list. So that's not that much Really, but if you stay consistent with that then it's almost 80 grand a year Which is more money than a lot of people make Okay And even if you only wanted to do it part-time you had small small goals Which I do have some traders in the room that have a hundred dollar a day goal That's still 39 grand a year if you make 150 dollars a day and that is great money If you if you have a spouse that works If you're a part-time job if you have something else to do I mean that's still great money if you're considering the only working half an hour a day I mean look at the questions. Do we have any questions here? Write it in the room if you do now how long does it take to learn the system? Well, it takes how long it takes if you follow me It's definitely a lot faster if you just do the trades I call in the room It's faster. You can make your money back for the class faster and hit your goals faster if you listen to me Okay, how much money do you need? This was bby this was a gap that happened back here in early march this one here This is probably on the higher end of the stocks that we trade around a $40 price point But I'd say I trade stocks between $5 and around 65 for the most part and every once in a while is an expensive one Over 100 but not that often So you will need buying power to be able to take the positions in the stock based on an account with leverage Which you will find out from the broker you go to so again $2,500 it would be a small account at a prop place 10 to 1 which would give you 25,000 and buying power And something like this then in bby you wouldn't be able to take 1,000 shares because you need 42,000 in buying power But you could take 500 shares 700 shares. Okay So it depends how much money you have in order to be able to trade the sizable positions But if you have a small amount of money, then your goal would be to build the account up To open it with 2,500 build it up to five open it with five then build it up to 10. Okay And that's really up to you for options. You don't you don't have the same requirements because they're not based on buying power It is really really combining a your dreams with reality. I had a lecture. This was two weeks ago It's actually on youtube where I talked about being an optimist and being a pessimist And and the thing is and then somebody wrote in the room Actually, I think it was gala had he said he's an optimist, but he's a realist or something The idea of thinking positively is not that you're thinking that you're not thinking like a realist I don't really like that word realist at all. The reality is you can create your dreams to happen But you have to have a plan to make it happen So the realistic part of it the reality quote unquote Is that you are going to take this step and that step and this step for it to happen The problem is when people start talking about saying well, I want to be a realist Then they tend to err on the side of being a pessimist thinking that it's Outside of the realm of reality or that they're too harsh on it or that it's too hard or the goals are unachievable Whatever those goals happen to be The the thing that makes someone like me so special which which I am a very very very special person if you would know me personally which Many of you will never get to know me personally But you will get to know me somewhat in the room if you trade with me every day and you're with me for years Is that I absolutely very much so Not only am I an optimist, but I have Real goals to achieve things that I want to do in life that to many many people would seem unrealistic, okay And and that's That's not true. That's not how I look at it. Oh, that was rooming that said that gal. I thought it was you Well, either way, I think there was a couple comments in the room that day about it. I taped it. It's on the tape It's on the youtube tape, but anyways the idea is You have to have a plan If you don't have a plan nothing that you want to achieve Whether it seems like making a hundred bucks a day or a dollar a day will be Will happen for you So so if you're gonna do something I say what the hell you may as well do it and have a have a great goal I mean that's that's the point people if you're gonna set out to do something And it may as well be something that's worthwhile Because if you got to get out of bed every morning, you got to get to work every day Then you may as well do something that you can make a lot of money doing or what's the point of doing Or you may as well enjoy it if you got to get up and you got to get out of bed You got to get to work every day and you get a you get to work to pay your bills So you may as well do something that you make good money and you may as well do something that you like Otherwise, what's the point? okay It's like really okay, and and I think that's where I ended up being with my mortgage job I mean umpteen years ago when I decided to quit I Number one the mortgage industry was was was you know falling apart But number two I was so tired of the hours I mean I had just had it with the amount of hours that I was working and I had had it with working with the banks And the lenders They weren't cooperating they didn't want to lend money to people and I was at my wits end So you know I I still wanted to make good money and it was trying to find a career that would enable me to do that But it really did take a plan of action And you must have one too Um is there only a trading room or a chat room it is a trading room It is a trading room where I call the live trades The only person's writing and the only person you hear is me talking But right now there's I think there's 58 people in the room Since the last class There might be 60 I have to go back and count them. I think it's 58 John asked how many people are in the room So obviously not everyone I've taught the class to is in the room. You don't have to be I'm telling you that it helps you Okay So my system is called the golden gap system It's a course that teaches a 26 point professional bearish gap rating system And the purpose of the system is to help you evaluate which gap to trade each morning using a checklist And that's what you get from the class really Anything that you can do to put the odds in your favor you want to learn how to do And one of the things I teach is a swish which happened in afsi and koala bear pointed that out Uh, that was from the fridays gap and that was the one that went to the dream target And that's something you'd learn in the class So what do I do I get up in the morning? I look at the checklist boom boom boom I check it off and I tell you the points. So in my class you'd learn this checklist That's what you'd come and you'd learn from me and it tells you Boom zooms ease of good pick or like today no good picks You'd know to trade or know not to trade So it teaches you also how to play the stock on the day the entry is like we discussed in here And there's six different entries that I do And they're all in the morning One in the afternoon, which I rarely do the course teaches students chart analysis and technical analysis on an advanced level And you've got to get good. I mean I you know You really really the whole purpose of today's lecture was to have an 81 wind ratio You must be focused on one system and it even helps in one direction And you must get good at it like riding the biker learning to walk or learning to crawl And it is makes common sense Because if you're doing something over and over and over and over and over you will get good at it And that's how you're going to get make the money And that's how you're going to set your part and give yourself an edge in what you're doing with the market Because i'm telling you right now if I pulled every person I've ever talked to has come to every webinar or ever anything In all these things that I do all the people that I come in contact with the training all the people on my youtube site 99.99999 percent of them are doing different strategies and systems and then they wonder why they Are not successful whether not making money why they can't call Amazing calls like I do Like like the market is one because I called the market higher And a lot of people didn't call it now. It was easy to see but I was saying that in 2013 four years ago So, you know, you really have to focus and that's part of the seriousness of it But if that's You know, if your goal is to make money then what why not? Okay, then focus on it I'm giving you the roadmap I'm giving you the plan of action I'm giving you the plan of action in the class and then i'm giving the room as a support system for you to learn For me So the golden gap course is a complete system to learn how to train and i'm teaching the class this weekend It's a full two-day course and how to strategically find pick-and-place stocks at our professional bearish gaps Retakes are free and the class is online. You can be anywhere in the world and take it The class is this weekend sardine sunday march 25th and 26 from 90 a.m To 5 p.m eastern time in the class the class is 49 99 Sometimes people have made the cost of the class before the class in the trial Sometimes they've made some money in the trial Sometimes they've made the money back in the first week or the first month It depends on how much money you're risking I can't make any guarantees or promises of this because you have to follow what I say and you do have to learn it And the class is 16 hours Okay, it's all day sardine all day sunday and you have to focus Now i'm offering the wealth manifestation course free with this class That's coming up in april And i'm also offering one lunch free in the trading room. This was me with gala had he was here. That's my apartment That's a great shot of my apartment there He was here with me mentor with me for the whole month of february it was Uh being in the trading room you get to talk to me every day and ask me questions every day and this is this is important I mean it's really really really really really important to have the access to me in the trading room So you get the calls and then you get the access to me It is possible to make money in the market, but you've got to have a consistent system And this is where this is where the the pieces of the puzzle come together and you mix the the Your dreams with reality and you get away from this fantasy kind of thing which many people do it's it's it's funny It's like a people traders have this extreme you have these fantasy people out there that want to you know That want to open an account with five hundred dollars and make 200 grand a year. That's absolutely ridiculous That is fantasy la la lin Okay And then you have people that think it's absolutely impossible to make any Money at all like 200 grand a year Even if they've got 30 grand in in an account, they think it's impossible to make 200 They don't believe it. They've lost for years. They don't have a good system. They think it's impossible They have a negative terrible attitude somewhere between that person and this person fantasy and mr. Negative. Okay is Someone that has common sense, which is me That you have a plan of action and a system to follow and you do it consistently and you don't veer off of it You stop when you're up You don't trade when there isn't any good trades when somebody doesn't work You have to stop and you take the stop and you take the loss and that will happen As you've seen back on the ones that didn't work And you have a plan of action to achieve your monetary goals Which is based on your risk and you find the system being being consistent Okay, so the realistic part of it is you have a path to do it And you stay on it and you don't get off of it and you stay focused Somebody has a question here Is the trading room open during the day or only for the first four hours? The trading room is open from 8 30 a.m to 11 a.m eastern time if I even keep it open that long Some days like today the room was only open until 10 30 because there wasn't any trades So I will talk. I will teach. We'll review the trades in the morning if we didn't But I don't keep the room open until 11 a.m If there's nothing else to talk or teach about If I'm still in a trade I may still be in it if it's still dropping if it's 10 15 ish or so Or if I give a lecture on something but the room is open from 8 30 is when we open I start talking anywhere between 9 and 9 30 about my picks. I write the picks in the room I write the targets. I write the resistance I write the support or write the gap ratings I write my watch list I review what I like I talk about the market in the morning and then we train Into the open and then I'll review the trades and I teach at this time And I may not keep the room open until 11 o'clock if there's nothing to talk about but some days I do So it's not four hours even I I mean I I'm not entering really new trades after the first trade I mean It's rare. I should say that If you want a week trial to the room you can email me at info at the stockswish.com. You can email me tonight And I can send you a trial for this week. I think tomorrow will be a good day One of those things I told jew is going to work in the morning Do you want a trial? Here was a nice little testimonial from chinchilla. This is his month of the february month Does anyone have any questions for me whatsoever? We have like two minutes here Any questions? How's everybody doing? good Okay Listen email me here if you have questions John wants to know if I'll marry him Since I don't know you at all the chances are slim john I'm sure my parents would love if I would marry someone quickly As they are as they are losing hope that I will ever have children, but I I haven't Somehow I'll defy odds. I'll defy all odds for that as well too If there ever was a person that would have a prince charming, trust me, it will be me Because I've waited my whole life to meet the perfect guy And I'm not settling. I'm not settling for less So keep in touch, but since I don't know you john, it's probably not you Now it's just me. It's all me. It's me. I'm alone. I run the room. I call the trades I trade I teach the class I have two people working for me part-time on back end stuff But it is only me There's no one else working for me anymore and I found that With my clients and students people People want me there isn't anyone else that can call the trades like me having anyone else do it But it's never a good idea But this is you know when you create your own system You're the best person to teach it and when you create your own system You're the best person to call the trades And they're I'm really good at calling trades in the morning quickly And it is because of this thing that I'm talking about about how your brain works And for eight years doing shorts and trading on a one-minute chart It happens like like clockwork. I don't I don't when I call trades many many days I don't even know the words that are coming out of my mouth But I do it instinctually and that's that's the that's the benefit of being in the room with me Gala had said correct Gala had missed me last year But I'm here to stay All right. Have a good have a good night everyone. Have a wonderful wonderful night I will see some of you in the room tomorrow morning if you would like a trial for the room email me and That's the scoop Email me with questions email me if you'd like to sign up for the class You have to email me for the forums or not on the website And I hope you learned something. Oh Uh, what's the charge for just going into the room without taking the training The training is five grand. You cannot join the room without taking the golden gap course You can do a trial There's no charge for the trial But everyone in the room that's a room member of the people in there have taken the class That's a prerequisite. So no one that's a room member hasn't done the class You've got to know how to trade these gaps. They set up very very quickly So but you can do the trial If you want to do the trial and there's no charge for that at all And if you're committed if you're committed to trading you're committed to making money Then you'll spend five grand if you're not committed to spending five grand that you're not committed to To the to the path to make it to be successful And so it's you know, you you know, I'm challenging people you want to do it Then you do it and you're full on it's no half-assing it All right. Happy's gonna kick me out now All right. Have a good night everyone email me if you have any more questions Thanks Okay, doc Hello, everyone. Thank you so much for your time with your participation Especially where I thank our host presenter Melissa Armell Thank you so much everyone for your time when you're participating here today. Have a great day training tomorrow You