 Good afternoon everyone this is Melissa Arma with the stockswush.com and welcome. Happy Memorial Day. I'm here today with Pam. Pam is a new trader. She's thinking about the market. She's been interested in the market. She's been following some things on Facebook and Pam came to visit today and Pam has some questions and so welcome Pam. Thank you Melissa. My first question is I'm a new follower, new to your stockroom and I noticed that on Facebook you mentioned about a certain stock that did well that people were saying we're not going to do well and you wrote that you predicted it but then since I had not seen previous posts I wanted to know what did you predict because I think maybe that should have just maybe been re-explained in a blurb. So what was your prediction? I see what you're saying. Okay well first of all I know you know I talk about this trading strategy but you really know what a gap is. Like I know you her grand talking about it. Do you know what a gap is because I was let's go back to that originally. I was predicting the gap. Do you know what a gap is? Not completely. I think I have an idea but not a full grasp of the concept. I think that the day that you were talking about was okay this is a chart of Netflix. This is what it is. These are just candlesticks and these candlesticks here depict price action that the stock traded on the day. The red ones mean the price went lower in the day and the green ones mean the price went up on the day. So I predicted that Netflix would gap up. It had an earnings announcement. This was here on 416. The earnings happened at night. So I predict this would gap up but I want to describe to you what a gap is because this is really what I do every day. This is what I do every day. The stock closed at 475.46 on the night of April 15th and then it had earnings and in the next morning the stock price opened at 532. So that is what a gap is. That's just it gapped up. So this is what I'm looking to analyze in the morning when I get up. So Netflix gapped up. Now I like the shorts. I like things to gap down but in this case it gapped up. I predicted this to gap up. So let's just say you had a hundred shares of this. I'm breaking it down to try to break it down for you. It closed at 475. It opened the next day at 532. So if you had a hundred shares of that it moved up $50 in price. That means you would have made five grand just sitting on your butt. Which is good. And that's what you trade in every day on what you predict. What you feel like the gap is going to be between day over like overnight or hour by hour. This is actually just an extra thing I started doing with the room to be honest with you. I really just do this for so with the predictions. Okay. I'm looking I just wait till it does it till I actually get in the tree. Okay. But the predictions I'm making for the gap itself which is not what I teach in the class but is what I do in the live trading room is something that people in the trading room are taking advantage of because my predictions have been good. So they're saying ooh and then like a guy in the room did this and it worked and he made money and I didn't do it. Now the day of I'm looking to do this but I'm saying he just said I think Melissa's predictions is going to turn out to be true and it did and he made money. And so then the next day it gapped up again. The next day it gapped up and then it ran low was 530. It ran up to 568. So that's a $38 run. So again if you would have just waited until the day of bought a hundred shares right then the next day that little green this one went up still it went up to 575 and that would have been your overnight you could you could have carried in here. Yeah but but but the amazing thing is and I don't know if this is one of the posts that was on Facebook or not is that I mean Pam we didn't know me then but I predicted this gap up to happen here in 2013 and I didn't I didn't take it. I did not take this as an overnight. Netflix was in a downtrend all of 2011-2012. Because it wasn't as strong as it is now. No. Once it changed it added to its portfolio of original programming. I mean because Netflix was like a joke. It was like the DVD home get the movies. But the minute really I didn't know that. Netflix was at one point. I think like the little engine that could it was you order movies online you know on your your DVR right and that was it. And then all of a sudden whoever the genius is that maybe need to Google that that came in and said original programming is where we're gonna go and then all of a sudden when was that when did I I'm thinking probably like two years and that's what all of a sudden they decided to say okay we're doing original programming. People are gonna have memberships and now instead of having to wait week like how we do on HBO show you're gonna get the whole season with your membership. I don't I don't have it but I know a lot of people do. So Orange is the new black Kevin Spacey who everybody loves. There's another one I think Ray Donovan. But now they'll do they'll film the series when they're like okay June 1st such and such will be available. You're getting all 13 episodes or 15 episodes. People like that. And people like that. Yeah. And you now have more people moving to that. Like I love Chelsea Handler. She left E. She's gonna be doing her talk show on Netflix. I don't know how that's gonna work because she was a daily nightly live show. Maybe that will still be her format on Netflix. Interesting. But now to have a membership. Now you're not just getting movies. Now you're getting original program. Yeah. And TV programs. I'm sure it's E. I'm sure that I'm not that too. And that was the upswing. And now and then they're winning awards like at the Emmys and the you know daytime Emmys in the night time. So that just adds to to see that's what's so interesting because again I don't follow any of that. But I will tell you that if you traded that would help you get conviction to buy Netflix. Okay. I don't even know any of the things that you said. Okay. But if you knew what I knew about the gaps and the price of Netflix rising in the matter that it has and you knew the other stuff that you're talking about right now. Which I did not. Okay. I have no idea. All I care about is the price of tea in China. That's all I'm looking at. I'm analyzing the price. It's strictly like numbers, numbers, numbers, numbers, numbers. You know me. I'm all in my head about that stuff. I don't even look at any of the stuff you're saying but I'm saying for you that would help you get conviction that to take it and hold it. I'm telling you this stock is gonna get a 750. That's my prediction for the target for Netflix. It closed Friday at 62150. It's gonna have a more than $100 run for the end of the calendar year. The market's bullish. This stock could hit up over $1,000 if they don't. And it'd probably pay too to see one new program and it's gonna be released because then the stock will go up again. Well if you want to track that. I mean I just don't even have time to look at that stuff. No. But it'd be interesting. I'll look up and see what and then kind of give you those numbers and see if things do core. I mean it obviously does. But yeah that's interesting. But I'm telling you that's what's so amazing about this. So I think that was the one you were talking about. I just probably you know I think I did it in a video maybe I had on YouTube. I didn't have it on a post where I predicted what it would do. But this one here you know this is what I talk. So your daily thing is when you go online in the morning. Yes. You see whatever you trade in. Do you do it hour by hour or you do it overnight? No. I'm doing it live in the second. Sometimes I'm in something and out of it in five minutes. Really? Like literally. So you put money on something and then take it away. Yes. Like that. Yes. Like okay. Yeah. Like sell. Sell. Okay. Yeah. And what makes you change. Like what makes you. Let me go here and look at. I guess. Go ahead. Buy and sell so quickly. Like because I'm thinking you're doing it overnight. Like you're buying buying buying and selling selling and then overnight you see but if you're doing it. I'm a day trader. You're talking about things like investing a long term which is fine. You could do that. Well even as a day trader. How do you know what to pop in and out of quickly and how long to stay in something. Because of the gap. Because I have a system that rates the gaps. Okay. And that gap rating system tells me if it rates 20 points or more for the 26-point rating system that it's gonna work. And that's how I hone it down. That's how I narrow it down to the 1. Good question. Otherwise you wouldn't because there's a trillion things in the market. Right. Because I'm thinking if I went on and said okay I went for money in the target. Yeah. And targeting it up. How would I know what point to like get out of target and go into the Macy's or something like that. You wouldn't know unless it was gapping and I'm not doing it unless it's gapping. But here just example this is just a recent day. I can't go all the way back to the day that happened. But this was just the 15th of May. The stock had a bullish gap. It just gapped up. But like on this day here again it's 9.40 in the morning. It was around 6.01-ish. Okay. 10.15. If you took it this is just you know 30 minutes here. It ran up to 6.10. So if you took 100 shares you would have made a thousand bucks and you just get quick out. So you make your money and that's an hour later and then you're out. I mean you could have held this actually that all went all the way up to 6.15. And that was till 10.45. But still I'm not in this stuff all day. And you know I'm done. I don't do anything in the afternoon. So you it's just like your quick money in and out. That's exactly. And so it's basically like you have a formula but it's basically kind of like hoping it goes. No I'm not hoping the formula tells me that it is good for a watch. I still have to wait till 9.30. The market opens at 9.30 Eastern time right here. This is a one minute chart. I'm not doing anything until it opens and it sets up because sometimes they open and they fail. And then they call they do what's called like a reverse wash. And that's something where I said up that's it. It's off. Don't do it. And we didn't risk any money and then I don't lose and I don't make any money on it. And I can't do it but I wait. Okay. But I'm not doing anything till after 9.30. But most of the time this which is why my system works they do set up and then I do them and then quickly get out. Because you're the longer you're in something the longer your risk. Okay. So long money's tied up like if you okay. I used to. Pam works for and and I'll be and I'll be. Okay. So well let's pretend you had a problem. Okay. That's something you're in for years and years and years and years and years. Which I did with Viacom. I did. Yeah. Yeah. So this is not the same as that. No I get that. Yeah. Right. Because that's a little time but say if I took what about like if I had a thousand dollars today and I went into like I said okay I'm going to say all right here I am putting my money into like Target at 10 o'clock. You keep talking about Target. I'm going to say Target. Because I feel like. Okay. You love Target. They tell you to use what you know. Why would you use. Okay. Okay. All right. Or whatever. It could be Macy. It could be whoever. Okay. It doesn't matter. Let's look at it. But I'm just saying as a company I'm entering at 10 o'clock. I'm like okay they're high. I'm putting my money like buying X amount of shares. Yes. At what point do I know to jump out. You're looking for the Target. You would learn to know the Target on the day. You would say this is the Target for Target. Okay. Okay. Target for Netflix so you know to get out and you're also looking for specific time of the day. Okay. Because there's times in the day where the market kind of just goes sideways and doesn't do anything and you want to be out before that action happens because if you're up in the train it could go against you and you could be up and then give it back and you don't want that to happen. Okay. Your goal as a day trader is to make the money and be done with it and get on with your day. It's less of more kind of thing. You're kind of like me. We're very, very workaholics and so this is not that way. This is why I struggle with this when I first started trading. Because I was a workaholic and I trade and trade and trade like a crazy person at 4 o'clock and I'd end up making money, losing it, making it, losing it, making it, losing it and then paying for commissions. This is not like that. You do it. You go in. You're like a tiger in the jungle and you go and you take it and you're done. Literally. Okay. And you take as much as you can, as quick as you can and then you're done. And then you're not at risk for that long so it's good. So when you say you take as much as you can, you're buying or you're selling? Right. I'd short but it's the same concept, selling. Here. This is the one that I did the other day. But let's talk about Target because you're in love with Target. I just do them as a big company. Hey, this looks good. Let me just look at the bigger picture here. It could be Home Depot. Target is actually an enough trend. Target's a good buy. Target's a good buy and the market is bullish and this is absolutely fine. This is not as strong as Netflix but it is very strong. Prior high of this was $83.98. Look, so Target's continuing higher. This isn't an ideal place to buy Target if you were a new person but I want to show you this here. Do you see it gapped up? This looks just like the Netflix here. Very, very similar. This happened back in November of 2014. Look at that run. Low is $69.86. High is $73. Should the stock ran up more than $3 in the day? Again, I can't go back on a one-minute chart to see this but I can tell you right now 80% of that bar was probably made before 11 o'clock in the morning. Okay. So you're saying, right, because it's open up. I go in, I buy whatever. Now I'm going to say, okay, I'm in it for an hour. I don't want to risk anymore. Am I selling or am I just getting out? You're buying it and then you're selling it. So you're buying it first. You're in it as a buy and you're selling it to exit the position and then the money is yours. You're just a temporary. It's a temporary. So when I'm selling it, who's buying it from me? That's the way though. But that's the market. There's always somebody against you in the trade. It's like that Wall Street movie in Gordon Gecko says there's always a winner, always a loser. It's a zero-sum game. Every time I make money in the market, I'm taking that money from someone else and that's why you have to know what to do. Because somebody on this day was trying to short this thing, which was a bad idea, but people, not me. I'm telling you something now that is incorrect. But sometimes people will look at a gap like this from the prior days close, which was at 67.51 and say, oh, it gapped up and opened at 71. They'll think it's going to come in and go lower and they'll short it. And so when you go to buy it, you're grabbing money and then those people are losing and you're making it and it goes higher and you're up. And then the losers, which were the people were thinking it was going to fill this gap space, you're taking money from them. You're not actually, you're creating profit for yourself when you trade, but you got to be right because you're taking the money from somebody else. And that's why most people lose in the market because the people that win make boatloads of money. And the people that lose lose, of which there's just a lot of losers, because they really don't learn what to do. But conceptually, you understand this and you don't know a thing about the stock market, but you're getting it. No, it's so funny because even though I didn't see all of Wall Street, one of my favorite movies is Trading Places. Oh my God, that's an old one too. And at the end, I keep saying, I try to pay attention. Like at the end, I'm like, why are they buying high? I thought you'd want to buy low. And then all of a sudden, if you remember, then they go, when it leads to a certain point, then they're like, sell, sell. And everybody's buying it. And I guess for me, I'm saying, wouldn't you rather buy low and sell high? Well, I mean, it depends what you're doing here. Well, it was orange juice in that case. Oh, okay. I forgot. But it was orange juice. Yeah, and it's every time I watch it, I try to pay attention because even though it's like a funny movie, they have to portray that part correctly. So they go in and they're going to buy high. That's a short though. And they always watch it. And then all of a sudden, they have a certain number, I mean, because they got the stock report. Right. And then they know at that point, people are thinking, it's not going to happen. And then they're selling, but then the Duke's guy had the wrong report. So he's buying up all the stock and they're trying to get to him and tell him, don't buy anymore. And he's trying to buy up all the stock at the lower price. And then he bankrupts the Duke's because. That's right. Yeah. And that was just like, and I always try to pay attention to that part. You never saw the Wall Street movie. Not completely. Not completely. Yeah. But that was like. Then you didn't see two either. No. No. Oh my gosh. We'll have to rent one of those. We'll have to get them on Netflix. Make them some coin. Right. All right. Well, let's go over the short concept because what you're talking about now is the short concept, which is what I prefer to do. But I will tell you that many, many people understand buying the concept of buying more than shorting. Okay. Like buying Netflix or Target. But what I like to do. Okay. In short. So this is one from last week. This is Marvell. The stock open at 1406 low in the day was 1305. So the stock dropped a dollar in the day. You wouldn't have made any money if you bought this. You would have made money shorting it. So I shorted it. So I was betting that the stock price would go down. Okay. And it did go down. And I was right. This is a gap too. It doesn't look exactly the same as Netflix. It dropped. Yes. But also the space is not large. It doesn't matter. But I want to point out the stock closed the night before at 1437. And the price it opened at gapped because it opened at a price of 1406. So it opened 31 pennies under the close from four o'clock to 930. And you just do this in the day and you're out. And you do it. But you would have lost money though. If you had bought it. But I shorted it. So therefore you would have made money if you shorted it. Okay. Let's go look at a smaller chart. No, no, no. I mean I guess what I'm talking about is shorted it means. Like shorting it means. Just buy. Like when you go and buy it. Well you're not buying it. You're barring it from the broker wherever you have your account. Okay. And you're saying Mr. Broker I'm betting that the stock is going lower. Give me these shares right now. Quick, quick, quick. Right. I want a hundred shares, a thousand shares. Okay. I got to have them. Give them to me. I'm betting that the stock price is going lower. Okay. So I'm selling it or shorting it. Okay. People don't understand the concept of selling when you don't own something. But as a trader you can basically sell or short something without actually owning it. That is a trading. So I get that. You're saying. Yes. Okay. Buy the shares. And then I'm saying. You're selling it first then buying it. You're selling it high and buying it low. Just like you just explained. That's what they were talking about I think in that movie. Although it's been so many years since I saw it. They were trying to get that guy to lose money. But the one guy was trying to make it. It's the concept of making money on something that's losing price. Right. Right. Yeah. Okay. Because you're betting it's going to go lower. And I will tell you one thing and this is good for you to know from whenever you set up your 401k again. Most stocks do actually go down in price over time. With the very few exceptions. Companies that people love. Apple. Netflix. Target. Whatever. But in general most stocks do decline in price. Right. Which is a misnomer thinking that most things go up. That's not true. Right. And I know it's like up and down. Because then when I first started buying a comp. Yeah. I chose like a basic plan. And then I was like no I want to have a handle on what's going on. Right. And I had to pay attention and pick my own little companies and stuff like that. I did pretty well. But it's like unfortunately being out of work. Well I mean it doesn't matter because I think you missed all of that period when everything kind of fell off the planet. Because I was like 2008, 2009 when everything was falling. Because if you stayed with it you would just be recouping that back up again now. I don't know when you cashed out at it. Well I cashed out of it. Yeah. I was already out of it like 2000 and when I lost my job 2008. Okay. Well then you missed the downturn. Right. Yeah it was. It's just I had my own downturn so all my money went whoosh. And so now I do want to start up again but I want to wait until my salary goes a little higher. But literally like here's the market right now and I'm just going to talk about the general overall market. If you find if you get into anything in a 401k we have a nice basket of stocks where they they pick usually like these baskets and they put them right. Right. Because they do right. Yeah. That's what they do. You don't want to pick your own. Yes. They call like they go by the year that you're born and then they have to write. Yeah. They're going to move higher. The market's going to rally the rest of 2015 it's going to rally into 2016. If even if you contributed the bare bare minimum that they would you would make you would you would this is a good time for you to get into your 401k and hold it. Okay. Because I'm telling you the market is going to make a jimungous new move higher which is unexpected but I'm telling you I'm predicting it. I'm predicting this year this is going to happen. So whatever they were willing to match try to do it because they don't match. Oh they don't match. Like Viacom matched MLB doesn't match because they say because they give you a pension plan they don't want to match it. Okay. So if you contribute something that's just whatever you contribute. Right. Is that how it works? Exactly. Whatever percentage you choose that's what you choose. And what did you have at the last place? The maximum of five percent. They would match the whole thing? They'd match up to five. Wow. And so I was like okay after you're after a year or if you were an employee it was like after so many months or after a thousand hours as a temp and since I came in as a temp after my thousand hours I went into it. Yeah, yeah, yeah. But yeah with MLB it's like you can join whenever it's just they don't match because they don't give you a pension plan. I think a lot of companies probably changed their requirements for that when everything happened. Yeah, yeah. Same thing with health insurance and all the things that have happened. Yeah really we lucked out. They're paying for health insurance. Really? They do. That is fantastic. That's like wow. And I said you know what can't complain for not matching. No, that's really expensive. They're paying for it. Yeah. And because even at Viacom I had to pay but I always you know wanted to plan where I chose my own doctor. Oh yeah okay. So it's like it's Blue Cross Blue Shield. That's good. It's okay. I prefer United Health Care but you know my doctor. The only one of my doctors isn't on there so I need to find another. Well that's great if they pay for that. They do. They do. Exactly. That right there is like a poof. Yeah. A weight off. Yeah. Yeah. Well this is the overall general market here that you can just see it's rallying. It's been rallying and people are saying the rally is going to end but I'm predicting that it's going to continue. You'll see this again on my Facebook post where I'll predict it to continue. But this is something where you know if you wanted to get involved and hold overnight which I'm not saying that you should do but I'm saying if you wanted to get involved in holding stocks overnight for longer term moves whether it isn't a 401k or just a trade that you take for like a swing or a trade it is a good idea to be bullish in something overnight as long as it's a good buy or a strong stock. Target was one. Netflix is another one. That would be good. But that's not what I do again. I do the things where I'm quick, quick out. Just a couple hours or minutes and you're in it. It literally could be a few minutes like going back to the one from Friday and you have to be on your game when you're doing this which is fine. And would you trade till about noon? No. I mean I run the room till 11. I'm out of things usually by 10, 15, 10, 30. I mean sometimes I'm out of something in five minutes. That's the best in an ideal world. You don't do multiple ones. Do you? Usually I do one thing a day or I might do two trades in one thing or I might do two trades, one trade in two different things but that's even rare. I mean because it's really you only need one thing. You have to focus on one thing at a time. Like see this here, this happened and set up here like right at 9.33ish. You see this? Boom. The price dropped. So if you shorted this here like around 14.10 it just went and it just collapsed and it moved 60 cents literally in 10, 12 minutes. So let's just say you had a thousand shares of this here and you got the 60 cent drop. You would have made 600 bucks in 10 minutes. That's it. Your day is up. Also you want to drop, you still would have made money. Because I'm shorting. Now tell me, see you're having trouble with the concept. I want to explain it to you. I need you to be able to explain this better. Help me understand what you're thinking. I guess because I think for me I'm thinking that if I'm why am I why am I making money on something I'm losing money on? Or why would I buy something that's losing money? You're not buying it. You are barring the shares from the broker. Okay so then what's the balance between buying and borrowing? Well when you buy it you are saying I'm going to buy it and I'm betting it goes up and I'm buying it but I'm still giving it back to them before 4 o'clock. So it's really still you're barring it. Because you don't have the full price of the cost. Like for example in Netflix it's $600 a share. You would need $600 to buy one share. And you would need to buy 100 shares, 60 grand. Right. You don't have 60 grand in your account. The broker doesn't care. The broker is just letting you temporarily borrow it in your flat by 4 with what's called leverage. Okay. So the concept of shorting though is again you don't need the cost of the stock at $14.10 but if you did this is a cheaper one. It would be $14.10 per share. Okay. Or if you wanted a thousand shares it would be $14 grand. But you'd be borrowing it temporarily from the broker but you're borrowing it and you're betting it to go lower so you are shorting it or selling it. Let's use the concept of selling because you understand selling. You don't understand shorting. So I'm going to say selling. You're selling it. You're selling it without owning it. Okay. Which is a trading concept. Tell me if you get that. I get the concept of selling it without owning it. Okay. But I guess I figure that if it's something that I'm borrowing on. Yeah. Why would I even borrow it if it's going to go into the draw? Because you're going to make money. But it's going to draw. Yes. You're going to make money because you're betting it will draw. So that's why you're not buying it and why you are selling it. It's okay. I didn't know that you could still, that you would want to still get something that was going to draw. Why wouldn't you? Because it's going to draw and you lose money. You're only going to lose money if you own it long. If you're, if you don't own it at all. We'll see that's what I'm saying. I didn't know about all the terms. Yes. It's like either I know you buy it and you hold it over night it's boom. But I didn't know about the. No. You don't own it at all. You don't even know what this is. This is MRVL. This isn't like you're in love with Target. This is just like whatever. Right. You get up in the morning and you see every day I trade something different. I don't even know. Right. What these companies are. What they do. I don't read the reports. I don't follow them. Nothing. I read the gap. Right. And the gap is saying this price is going to drop. Therefore I see an opportunity to make money. So you have this but the average person who goes in how do they look at the gap. Do they have to go every day and look at. Watch the numbers change. They have to go in every day and read the gap. Now I'm going to go back. But this kind of chart is that available to everybody. What do you mean you can. There's free stock charts.com. You can go online and look at these charts. I can send you the link. You can do it yourself tomorrow. And then you can look at and see what. Yes. And just kind of pay attention to see what does. Yes. Whatever. Okay. You need an account at a brokerage place to take the live position. But you could watch charts. I mean charts are available freely anywhere. Anywhere. And then you'll see what happens like minute by minute or. It's live. Yeah. Okay. But anyways here's the gap on this. This gap here at the night before. Right. And then these little lines here are called ticks. It's a share that went off. And then these bars are some people. Okay. So this is happening here before the open. So that means that they was like no positions just flat like. Well this flat but there were some people in here that were making the price go down a little bit. And how do you make it go down? Like they. These people were selling their position or shorting either one. They made it go down from the night before. This isn't a big one down. But it's a little bit down and it was enough for me to rate it. So I rate the gap and I say I can see from the gap that this is going to drop on the day. And it did go to the dream target. The dream target was 13 and went to 1305. This is a massive move. Look at the size of the bar. I mean you don't have to be. You don't have to know anything. You know it's a massive massive sell off day for that stock. But I'm saying this concept of shorting think of it as selling because of the fact that that will conceptually help you understand how you make the money on it. You don't own it long. Therefore you're not losing if it falls. If you want to make money you got two choices. Well you'd either do nothing which you're not going to make any money or you decide to sell it or short it so that you can make money on the drop. So if you see here let's just say you lived in a world where there was only one stock to trade on Friday and it was this one. You saw the gap and you'd say crap I know that this is going to drop. If I buy it I'm going to lose. So I can't buy it and make money. What can I do if I short it or sell it I will make money. Therefore that's what I'm going to do. Let's just say you have to make money every day because this is your living and this is what you do and you have to do something. So to do that if you were going to whether you borrow or buy whatever well I'll say as far as borrow how do you if you don't have a broker can you yourself go in and do the borrow. No you have to have a broker. To borrow. You have to have a broker. Okay. You have to have a platform. You don't have to have a broker to buy but you have to have a broker to borrow. No you have to have a broker to buy or sell. But I think it's like E-Trade. That's a broker. That's a broker to buy. Oh but they said that you do it yourself. You do do it yourself. You will learn how to do it yourself. You go and you press the button. You do it yourself. Okay. E-Trade would teach you how to do it. They have customer service people. Right. But I'm saying on E-Trade I get that you could buy but on E-Trade you could borrow too. They would be like a tab that says borrow whatever. There would be a tab and you would have to learn how to do it. Most people don't know that that exists. Okay. That's what I'm saying. This is why this is a new concept for you. But on time it is. Right. I'm saying if you went in and had like A, B, C, tab and you would choose. Okay. Same thing with XYZ company and you wanted to buy. Right. Okay. I'm going to buy a hundred shares and it would say would I want to buy a hundred shares or borrow a hundred shares? It would give me that option. Well again let's go back to the selling concept. You're borrowing it to sell. Just make sure you put the sell in there. Buying is buying. Borrowing to sell. It's borrowing to short. But that would be an option. Yes. That would be there to choose. You know how to do it through wherever you had your account. Okay. Yes. Exactly. But it is available but most people don't know that. Okay. They only go buy or sell. Exactly. Okay. Because if you're not a trader you don't know any of this. Right. Then that's why people get traders to know to watch the money. Right. And stock brokers and so on and so forth. Got it. But it's the idea though that also I will tell you most people love the idea of buying. It makes them feel good. That they own something. Yes. Right. But this you're not trying to be in this long term. So the concept of shorting that are selling it temporarily. You should take it or leave it. You're just doing it for the purpose of making the money. Right. Which you are taking for yourself. And therefore what do you care? I mean this thing could actually recover. I'm not saying it's going to. Right. But this could recover tomorrow. It's just the temporary thing on the day it dropped. Right. Okay. Okay. And that's today? No this was Friday. Friday. Whatever it is. Yeah. Morbell. Yeah. That was the one. Toilet paper. But again it's the idea though that you can do that. Okay. You just didn't know you could do that. Right. You have to learn how to do it from pressing the button. But it's like not a big deal. Okay. It's just a different button. Okay. Okay. I got you now. Okay. But it's the idea though that you have to pick the right one. If you don't know that this is a good gap. Right. If you don't know that it's going to drop. Then you wouldn't know to even press that button. So that's what this is what I teach people in the class. And what I do in the trading room. I can pick this one and say woo. You know that's a good one. And I think that's what you see in the post where I'm predicting things are saying. And then you teach people how to pick the good gap. Yes. High or low. Yes. Okay. As opposed to looking at that and going. Well that dropped like $50 a dollar. Why would I choose that? Right. Okay. If you rolled out a bet in the morning and you saw this here around you know $10.30. Right. You could have shorted this and still made money in it. But nine times out of ten what happens is these drops happen very quickly. Right. We see most of the drop happen by $11.30. Right. It reached $13.16 and went $10 more pennies for the rest of the day. It went up and went down. It went up and down. Exactly. So you've got to know what to do to get it quickly in the morning to get the best price to get the biggest move. Because most of the move happens in the morning. Right. If you don't get that or don't know what to watch then you miss your chance to make money. And this is like you know this is like hell on wheels in here. If you're trying to short this in here you're like you're up, you're down, you're up, you're down. You make ten cents. Right. Like I don't like to do that. And then you're also sweating a bullet for three hours and you make ten cents. Like this is what I want to get. I want it to go you know really really quickly fall off a planet or rally like the Netflix very quickly. So that's what you want to do. Again it's the idea of where you're taking the fixed trade in a certain way. But you have to know what to look for. Which I teach in a classroom. I don't know if you've ever watched. What? Oh God. Living single? Did you ever watch that? That was like a hundred years ago. Yeah. I know I've ever watched episode because Kyle was a broker. I don't remember that episode. I still remember that episode where they all put their money in. Yeah. To have him you know to put in the market to make money. Right. And so when he came home that day they were like how do we do? And he threw a quarter on the table. And they were like that's all we made? He goes because every hour you guys were calling me. Bye. Sell. Bye. Sell. Bye. Sell. He goes so that's what you made. 25 cents. He goes may I make a recommendation for you for the next time? You're like what? And he pulls out a piggy bank. Boom. Right there. That's what you should put your money in. I was crying. I don't remember that one. Yeah that was funny because they like you know they don't show them calling but when he got home that day he threw a quarter or whatever on the table. And they were like what do we make? He's like that's what you made. But see that's the concept of what we were talking about with the Netflix is the idea of the conviction. I have a lot of conviction in what I do. Right. So I know what I'm looking at. I believe in it and I have 100% conviction and I take it and I do it and I know it for the number that I'm out of the number. You have to have conviction otherwise you are. That's what I call wishy-washy. Right. That's how most people are. Right. They are like should I tell them what do I tell them like that in the market. Whether you hold it overnight or even if you're in it for five minutes you can't make any money doing that. That's why you have to really really really really know what you're doing. But if you do and you have the conviction you can do it whether you hold them for overnight or do it very quickly. I just personally like to do it the quick ones. Okay. But you can hold them as well but again you have to have the conviction and this is where people that that episode probably I should Google it on YouTube because I mean that sounds funny because that is how people act. Right. As day traders or long term traders. Right. Exactly how people act. Right. And then they made no money because they kept telling him about it. Or they lost money. They lost them. Well they did. They lost money because at the time they were telling him buy this stuff. You know and when you have it's better than one person but when you have like five people. Oh my gosh. Calling you on the same money. Yeah. Oh my gosh. You know. And that's what stock brokers have to deal with as well when they have clients to do that. I don't know do you have any other questions about this. Yeah. So now it's like maybe when I'm at work tomorrow I'll look for like a. I will send you the link. A link. Yeah. And then I can start paying attention to see. Well you should watch the ones you like. Maybe buy something. Maybe buy something like really cheap that I can get into. Well you should watch the ones you like. At least to kind of learn at least the movement you can watch the charts. Right. You can watch the chart. I can't buy or borrow because it's like well borrow you don't need the money. Right. You know either way you have to have the money in there to borrow it temporarily. Right. For the cost of it. Right. But it's cheaper because you get leverage. I mean you don't need the exact price of it. Because if you needed the exact price of anything to trade anything. Right. Everyone the market would only be available to people that were very wealthy. But the great thing is that the market is available to anyone that wants to learn how to trade it. Right. You know. All right this is Melissa with PAM. Thank you PAM. You're welcome. This is Melissa with the stockswush.com. Happy Memorial Day everyone and have a great evening.