 Good afternoon everyone and welcome. This is Melissa Armo with the stocks. What should I thought I would review the week here and Based on a topic the topic for the week being the importance of the percentage of winning trains that You take So in an ideal world if I said to you what's the most important thing for you is the most important thing for you meaning that You get really big winners that have a Big runs or high risk to reward or is the most important thing to you the number of trains that you take when As a higher percentage versus the losers what would be your ideal scenario if you had a choice if you had to pick one It'd be interesting to see people's answers Obviously it'd be great if every single trade that you took Had a big move that was a winner That's not always the case and also sometimes you take trades and they they don't work In an ideal world though the most important thing for me and one of the reasons that I created my 26 point Golden gap rating system was that I I felt very early on that that really one trade was all you needed a day But really even more than that it was about just the right stock pick that one stock One gap one pick would be all that you need even if you had to take two trades in it In other words, let's just say you take a trade and the first set up in the stock that you like fails You take the second set up and it works and then you're up money for the day It's about sticking with that one specific thing. So I'll very early on I realized that getting it right as far as the pick having a high percentage of Times where you get the pick right? Okay, the actual stock pick is More important than having the big runs or having multiple, you know, lots of lots of trades Okay, like I don't trade all day, but I'm telling you that very early on I realized that if you have ten trades It's more important if you have most of those trades be profitable Then have two or three be really big winners and then you know seven for example might be Losers just you would lose one risk unit and have three big ones You're gonna get big runs and big winners just by virtue of Kismet or whatever if you're in the right trade Just by virtue of being in the right stock at the right time You'll just get them sometimes something opens in the Morty and just falls off a cliff Just falls up a cliff. Okay Without even having to hold it to any longer time in the morning or the afternoon that will just happen naturally when you pick the right stock So getting back to the point that I was saying is in an ideal world You have the right pick each morning in the gap and you have a high percentage of Wins of the stock that you pick that works in the gap and in that way you would be a successful and profitable trader That is the reason that I'm so specific in my criteria of looking at 26 things And it is the reason that I have a high probability of success in my trades It's the reason why I'm taking the kind of risk per trade that I'm taking and and I have been talking to people about this I'm I'm pretty much decided. I'm gonna take more risks. I'm gonna wait till the earnings season starts their quarter But here's let me give you an example. Let's just say, you know Eight trades of ten of the eight things that you watch eight gaps work as shorts of ten that you pick and rate and to fail That's a winning system Even if you don't stay in the train to the entire move Even if you don't get it to the full target every day, that is a profitable system and not only that a very profitable system Okay Because many of those eight trades will work One two three hours or some more Even in the first drop even in the first move, which I call the money move So ultimately it is about getting the right pick every day someone wrote a nice Nice testimonial for me that said gets it right every day almost out of the open every day And that is really true for the people that have been following me or the people in the room And obviously I know this myself almost every single day that I choose what gap to watch it works There are days where I watch something that it doesn't set up and I don't trade it There are days when there's nothing to do and I don't trade There are days when I like a gap It fails in the first trade in the setup and the second setup sets up and it goes on to work But it's still a profitable train. I still got the direction right in the gap and it works so that is one of the number one reasons to come with me and learn my system is because most of the days of all the trading days in a calendar year, I can choose the right gap to watch and The right direction and it works So you can risk a high amount per hour and Make good money with me because of the number of percentage of winning picks that I have and it is based on my 26 point Criteria and it is also based on really trading with me in the room because I can look at two gaps that may both rate exactly the same criteria and choose the one that's the best one to work and That is because I'm an expert in reading gaps and price analysis And I'm watching the movement in the pre-market in the morning or maybe the post-market at night And I may also be looking at the overall market of the sector of the stock that it's in and all of these things play Apart in my choices when I when I'm trying to hone it down between two things for example or maybe three things if the rating is the same But if one rates higher than the other it's very easy and often that's the case But this is one of the reasons why it's good to be in the room with me, and I'm offering the room free through Until tomorrow for anyone that signs up for this gym class for the next three months, which is You know a really good deal and three mentoring sessions because again, it gets you time to pick my brain I'm gonna go over the trades this week that I called or did of the picks of just looking at the gaps All we're gonna do just go is go and look at each gap of the ones I called this week for a weekly review Okay, Monday. I got up in the morning This is going back here. This is Monday. I liked no bearish gaps There was only one gap. I said that was good It was a long if you wanted to go long and it was a long if you wanted to go long a spy It worked. I called an intraday trade in the room I person did not do it because I prefer to short But I called an intraday long and this bullish gap up in the spine. It worked The only thing I called I didn't do it because I preferred a short But I saw it. I read it. It was a bullish gap and I called the train in the room and people did it That was Monday Again, one thing did it work? Yes Again one gap each day you're looking at it. I'm picking it based on my criteria I'm telling you whether you go long or short it I tell you what to do the rating system tells you you follow it. That was Monday Tuesday Got up in the morning Tuesday was very easy beautiful gap and VRX June 7th here because it's hard to see because the daily is so tiny Here is the gap in VRX Stock opens drops rallies back holms drops. It's a short You could have shorted it here or here or here or here. Okay, this is too late Anyways, this I did this I called this was a short beautiful call beautiful everything dropped work So I looked at one stop one gap as a short it worked Right there. That's Tuesday Wednesday, I was not in the room. I had a meeting Paul ran the room for me. I did not treat Today is Thursday Only had one pick today The only gap I raided of all the bullish and bearish gaps only one thing RH restoration hardware Rated the gap is a short. Did it work as a short the answer is yes Really the target was 28 on this it got down to 2833 it should have gotten down there But this was still a $2 move for the stock looking at the high So it once again you look at the gap You rate the gap And when it sets up you trade it and this was my top pick today As a short and it worked So here's the first setup in it Dropped you even had another setup in it here and you even had another setup in it here This actually could have been played later in the morning again That's not something I do but it had all the short entries here in the morning Whether you played it one time or two times or three times This was a money move all the way down more than a dollar into the sell-off into the morning RH Short picked it top got rated well boom It is about getting The right stock pick daily in the right direction to make money If you do that whether you have to take two trades in it till it hits and drops or rallies or whether you Hold it all the way to the target Or pass the target or don't even get it to the target Again, it still doesn't matter if most of the trades that you're taking of the picks of the gap Correctly in the direction correctly work in the gap if you get the gap right most of the time which I do You will make money and be a profitable trader and you can have a high risk unit Because it's the problem is that people lose because they're not getting the pick right. They're picking the wrong gap They're picking the wrong stock to trade. They're picking it in the wrong direction. I never do that I never pick a gap in the wrong direction Every once in a blue moon, I will rate a gap that fails on the day and doesn't work Then I take the loss that is very rare. I have a method to determine if something is going to fail It's called a reverse whoosh And lots of times when a stock does that I just don't take it that I don't lose any money and I don't do that trade and I may go to another gap And sometimes I'll see a gap that I like That I stay with it the first setup may fail that the second setup works It goes on to pay for the loss in the first trade and it goes on to make money and be profitable in the day It is very rare that the gap that I like that rates. Well fails And that I lose money in it And so the thing is that the most important thing is picking the right gap in the right direction Sometimes people say well, let's not 26 points is a lot of things Yep, but that's why I get it right so often That is exactly why I get it right as often as I do That's why I can get up every single solitary day and pick the right thing almost every single solitary day Whether it's in the first trade or the second trade Whether I don't take it because it reverse wishes or not It is about finding the right thing And even on monday like I call this by long I I didn't do that trade because I prefer to do stocks and I also prefer to short But I could have gone along the spy on monday and I did call it for the room The focus that I have and the 26 points which sounds like a lot But is what makes you get it right so often is one of the number one things that I do well It is one of the reasons for my success It continues to strengthen my own conviction whenever I get up in the morning and look at something and have the pick To stay with it evil and people are trying to talk me into looking at other things I say no no no no no this is the one And then I do it I call it and we play it out You use the system to your advantage You don't deviate from it and as long as you do that you can be successful You look at one stock a day it keeps your losses low and you're winning percent to chide and that is where it's at If you could have a five thousand dollar trade are as you're risking it imagine how much money You could make in a weekly or monthly basis as a day trader a huge amount of money If you knew that 80 percent or more of the trains that you took of the picks that you had worked Can you imagine the money that you made if you would risk more risk units now? I'm not risking five thousand dollars per risk unit But I am going to increase my risk come july More than I've ever had it in the past So it'll be interesting to see how much money I can make in third quarter earnings season Day training my method because I'm going to risk more and as a result I'm going to make more because I'm not going to do anything different but just take more size Go to the same things. I always did the same trades It is about getting to that level that you can take more risk And that's how you make the money But you got to prove it to yourself by taking Trains on a consistent basis that work by getting the pick right to know that rh is the one To know that all the gaps on tuesday that vrx was the one It's not about doing many many things many strategies many directions many different trades trading all day Or are you five different symbols? No, it is about doing one thing each day One gap staying with it Unless it reverse wishes And holding the conviction and doing it with size And whether you're staying it to the target or get out before then or not It doesn't really matter quite frankly, but you do have to have money management rules Anyways, this is melissa arma with the stock swish. The golden gap class is june 11th and 12th It's this weekend You still have time to sign up by tomorrow if you want but spaces are filling up and and i'm offering the three months free And the three mentoring sessions free through tomorrow if you sign up for this weekend, which is a big help for people But the number one point i'm trying to make today is picking the right gap is everything It's a reason for my success And it's a reason why learning the 26 points is helpful to everyone that's done the class Have a great day everyone