 Testing one two one two. Let me know if you can hear me. Let me just move this slide back. I'm part of the little bit here Okay, great, I'll be right back And welcome. This is online at Trader Center We want to welcome each and every one of you to the presentation today. We do try to start properly. We do try to end On time or before But we do again want to thank each and every one of you for your time and your participation here today. Today we're We're here with Melissa Armell your host and presenter today from thestocksquish.com So let me see if I can round up the uh The percussion section and the trumpets, okay drummers And with that ladies and gentlemen, you know that means it's time to begin Please put your hands together and welcome our host and presenter today from thestocksquish.com Thank you Online Trader Central for having me. Welcome My name is Melissa Armell and I own a company called the stocks wish llc Kathy can put my information in there if you'd like to learn more about me or my company You can email me at melissa at the stocks wish.com today I'm going to talk about the trading strategy that I actually personally trade. I I'm an active day trader I trade money too soon Wednesday Thursday Friday And I'm going to talk about earning a hundred thousand dollars a year trading one strategy that makes you money daily I only trained this one strategy actually So I'm proof that you really only need one strategy to make money in the market and actually I Prefer to do only one trade even a day really one good pick can get you the money that you need in order to make a living So if you'd like more information, you go to my website www.thes stocks wish.com And you can also email me at melissa at the stocks wish.com as well and go to twitter facebook youtube LinkedIn and pen interest or skype and like me at any one of these places I put a lot of plays of the days webinar replays and also Um videos about the market if you'd like to go there and subscribe to my youtube site So let's get started. Okay. We're going to talk about actually trading for income Which to me means really trading for a living So maybe you're doing a job right now and you're working for somebody else And it's kind of like you're thinking you're like a slave to the job I remember years ago when I worked for a bank That's how I felt and the funny thing was I was a salary position So I didn't work nine to five I worked till the job was done And I didn't get paid any overtime It was a salary job And whether I worked 10 hours a day or eight hours a day or 60 hours a week My salary was the same and I felt like a slave So if this is where you're at with your career, it's it's maybe something that you might be interested in changing Are you in charge of your finances or do your finances control you? And the reason I asked that is because I talked to a lot of people since I've been teaching my strategy And I could tell when I speak to people how money actually controls them And when you're in a position where you feel like you have self control and you're the one in charge I can't tell you how empowering that is for you to go out into the world And make the kind of money that you really want to make and the kind of money that you deserve to make And we're talking about you know making a hundred grand right now as an income in this strategy But the fact is you can make unlimited amounts of money in the market Okay, and when you open up your eyes to think about that it really can change your whole perspective So are you in charge of your income and are you the one that's just creating it? Okay, or is someone else setting it for you? Like can you make more money? Between now and december 31st or is your salary set like there's nothing that you could possibly do you can work as hard as you can And you're still only going to make x y z amount of money What would it take for you to be in charge? Not only of your time, but also your finances And that's what we're really going to talk about today What kind of career can offer you financial freedom and not only that personal freedom? And I say that because i'm a day trader and I work from home. So I have a lot of Free time because I only trade the morning and I work from home. I don't have to worry about commuting So i'm really the one that's in charge of my time on the day And how much money do you need to make to have financial freedom? I think this is a good point too because like for example, I live in new york city Obviously what would be required as a normal income in new york city Money will be very very different from someone that might live in, you know, Cincinnati, Ohio So it's like one of those things that you kind of got to think about how much do you need That you could support yourself for an income 100,000 200,000 50 grand a year. I don't know Okay, and what would it take for you to feel successful in your own life that you are in charge And no one else is okay, what would make you feel like you're in a driver's seat in your own life? Rich is asking me how much money I make I'm not going to tell you exactly, but I'm making well over six figures I've been trading my strategy for seven years But I will tell you rich that in the first three years of my trading career. I lost Okay, so I lost money for three years like three years straight Losing until I started making it. All right. Now I have a strategy that works And and I make you money So you got to get to the point where you turn it around. I find a lot of people Struggle, okay Or losing and then give up But if you really really want to make it you can't give up So you have two choices, okay You have two choices You can decide you want to be the one of the driver's seat and you can make it happen Now, how can you do that? Well, you could be like me You could just go keep trading and figuring it out and going back and looking at your trades and figuring out and losing And losing and losing and losing and losing and losing until you figure it out Odd infinitum until you figure it out yourself something that works in the market or You could go and learn from someone like me who's already doing it and who is already successful And then you would take my class and you would learn from me how to do what I know how to do Okay And take my trades. So those are your options I was talking to a client actually who did the class last month Alex earlier today and You know, he said the problem is time You know, he decided to take my class because he just didn't have the time to trade the market and figure it out himself and so if you don't have three years of your life to spend or the money it would take for years of your life to Figure something out It's it's time and money both together that you would need to figure it out yourself And I find a lot of people don't have that kind of accommodations that they can give to the market At the time that I was doing it and even now I'm a single woman So I was able to do it if I had had children or a husband I'm I'm certain that I wouldn't have had the three years to devote of my life financially or time wise to figuring out what I know But this was my destiny to actually trade and be successful doing it. So I did it. Okay But you've got to make the decision however much money it is that you want to make in the market Is a hundred thousand going to be sufficient for you to quit your day job? I don't know again We were talking earlier. Where do you live? What are your costs? But the nice thing about my strategy, which we'll talk about a little bit is that it sets up in the morning So even if you have another job To go to or a business or something else to do this could be extra income Like say you like your job and you don't want to quit your job You could keep your job and still trade and just make more And as I was saying earlier, I talked to a client earlier today. He's in israel So the language of trading is really international. It's international He was concerned when taking the class that he was going to have a barrier an english barrier language barrier Because english wasn't his native language and he and he understood the entire class So I will say that you know, my class is based on a lot of charts Which we're going to look at and talk about today, but the market. Okay Market is about money and price action and I read Charts and my system is based on technical analysis not specific indicators or any kind of algorithms But real price action that I read and decide what to do in the market And really the language of trading is international So you could be anywhere in the world and trade the us stock market all you need is access to a computer the internet And to know what to do and then you have set up your own brokerage account With a broker to be able to trade So training the stock market is a job that can offer an income of a hundred thousand dollars a year or more And that's the point earlier. I was trying to make You set your goals now what you want to make right now Say for the next six months to the end of this year Then you can set goals for 2016 and so on and so forth Every year you could increase your goals for what you want to make The nice thing is that trading the strategy we're going to talk about today is really Full-time income but not a full-time job It's a part-time job in the sense that the time allocation that you have to make in your daily routine is not that much And you can do it from anywhere in the world So what kind of strategy offers the potential to make a hundred thousand dollars a year or more? Income It's a strategy that I developed and I titled it golden gaps and that's what we're going to talk about today So the golden gap strategy is limited work hours. When do I trade the strategy between 9 30 and 10 10 15 in the morning? That's it. All right I have a live trading room that I close out every day by no later than 11 am eastern time But I'm usually out of my trades between 10 10 15 10 30 ish. Okay Also, as I was saying earlier, you can work from home This is very nice Because you can be anywhere in the world and do it and you don't have to worry about commuting or coming to a Certain location like coming to a trading desk and you don't have to be in new york Even though I live in new york, you don't have to be here to learn to trade for me Or trade with me in the room And also it allows more time for yourself to do things in the afternoon because I'm done in the morning And I have the afternoon to myself and again depending on what time zone you're in if you're a pacific time And you're in the us It's very early in the morning and by the time you're done and you have the literally the whole day to yourself Because 10 a.m eastern time is right now, you know, seven seven Uh pacific But actually now it's it's two hour time zone difference. No, it's three hours for three hours of california right now So it depends if you're central or pacific time zone, you could still almost have the whole day to yourself You know go golfing go to the pool. It's the summer right now It's gorgeous days to have the rest of the afternoon to yourself And there's no cap on the money that you can make Okay, that was one of the reasons that I ultimately decided I wanted to learn this thing because when I was Uh working before I was doing mortgages and I had a commission sales job So my income actually fluctuated meaning I could have enormous months some months if I had a lot of loans going on And I love that. I mean really the idea of having an unlimited income was one of the reasons I love doing mortgages But then everything went topsy-turvy in that industry But I wanted to find a career that didn't have a fixed salary Because I'm a hard worker and I wanted to do something that had unlimited income potential And the great thing about the market is the better that you get the more that you trade the longer that you trade The more money that you can make it's all about the size that you take and how much you risk Okay So golden gaps are lucrative because gaps offer momentum and volatility on the trading day And as a trader you make money on volatility For example, if a stock was a dollar and you have a thousand shares you make a thousand dollars If it moves two dollars and you have two thousand shares Then you'll make four dollars and so on and so forth. It's the idea that You make more dependent on the size Okay, so it's really just the focus focus focus focus on what you're doing How many shares you're taking and the volatility in the momentum that you're getting in it And one of the main points about my strategy is again, you're done in the morning Okay And you don't over trade many people give money back to the market in the afternoon So you have one job as a trader you go in Okay, and you make the money and you stop All right So as I was saying the strategy that I trade is called golden gaps Now what is a gap for those of you that don't know a gap is when a stock closes at one price today And opens at another price the next trading day a gap is a break in price action from one day to the next Okay Gaps work because they are a price event in the life of a stock And they are also demonstrated they also demonstrate what The volatility that's going to happen in the stock, okay So for example if a stock closes at one price, okay, we're going to look at this chart here in lny If it closes here at nine dollars and say 75 cents, this is a daily chart Okay, the stock is closing here on this day at four o'clock eastern time When you get up in the morning the next day at 9 30, you'll see this before 9 30 You'll see that the stock is down here around nine dollars and 45 cents or thereabouts Okay, so the stock gap down So a gap is just a differentiation from the close to the open Okay, it could be big. It could be small. It doesn't matter. It's a difference in price So what I look at in my strategy before the open is I tried to determine if ny That's the stock here would be a good short or a good long Okay, so you know whether to short the stock or buy the stock again You can only make money going long a stock if the price goes up or if the price goes down You have to be shorted if you want to be profitable. Okay Gaps are very useful because you can use them for day trading, which is what I personally do This is michael koers. I day traded this back in here. This was back in may, okay But I also have a swing trade letter and I called michael koers as a swing trade It it worked. Okay. This was a really really nice easy peasy swing trade that just kind of fell and fell off The planet and is ready to go on to the first target So if you want a day trade using my system, you can like on this day here With you short the stock using the gaps or you can do swing trades same concept You're just holding the swing trade for overnight So why trade gaps and why do them work so well and pay so well again? This is the strategy that I trade. All right, but I like to day trade So I'm flat every day by four o'clock Gaps are created with large institutional money Now if you don't know what that is, that's hedge funds banks, okay institutions that make the gap for example like in the michael koers They sold out into the gap from the close of price of around 60 some dollars or wherever michael koers closed the night before And it opened the next day around 49 bucks or wherever it was. Okay So an institutions made the gap in michael koers and then it continued to sell off on the day That is not always the case. Sometimes they get bought But in the case of this it was a short And how did I know that this was a short because I have a method that I use To determine before the open that I wouldn't be able to take this as a short on the day. Okay I have a rating system that I use that helps me pick the correct direction to play the gap And then confirm that the large money, which is the institutional money will flow with it Meaning that in the case of michael koers, for example, it would keep selling off all day long Like things would sell it into the gap and it would keep selling into the gap or what I would call continuation Okay, so I have a formula to rating qualify the gap That gives me the confirmation and the conviction that the large institutional money is on my side And then I play it in the case like I said, of course It's a short gaps are an event and they create a sense of urgency in the stock which is like panic Okay, and therefore an action that is being forced by participants of the stock And this is why gap trading is incredibly powerful trading gaps is a powerful and profitable way to trade Because you're trading on the side of power Okay, you're trading on the side of power. What is the power the power is the money Where is the money coming from the money is coming from the institutions? Because they're the ones that move the market. They're the ones that pick the market up And they're the ones that drop the market. They're the ones that move the market with big amounts of money Okay, now The system that I use is a rating system I'm going to talk about that in a minute, but this in the morning is what I get up and look at This is just in in here as a scanner. It's just a clipping So I get up in the morning like at 7 a.m. Or 8 a.m. Or whatever time I get up And I go through and scan in here. This would show me all the stocks that are gapping Okay, so you have all of these you can go through and pick And every anyone would have anything like this in their trading platform It usually comes free with your trading platform So I can go through and I can rate everything in here if I want to okay Now how long will it take you to learn my system again? I'm going to talk about it in a moment here You can learn it in a weekend my class is two days. It's not something that has to take you forever to learn It's not like so complex and complicated That you it's going to take you weeks or months or years to get it again as I was just saying earlier I have people that are not native to the english language that have taken the class in two days and learned it So it is something that you learn in the two day course that I teach How to find what stock to trade and how to trade it and what the targets are And you can start trading immediately right after the class live, okay So it's a very profitable system because the volatility is I was talking about Now getting back to is making a hundred thousand dollars a year realistic Yes, it is okay. It is about chunking it out I think a lot of people that trade on a regular basis and for those of you that are in here that are active traders Day traders or swing traders don't understand that the concept in making even a hundred grand a year is chunking it out It's about keeping losses to a minimum. You don't lose that much Okay, so you're not giving money back to the market that you made And you don't overtreat because that eats up costs and commissions that go to the broker All you need is one pick a day or maybe two and again like I was saying I prefer one And you make the money quickly in the morning and you stop once your goal is reached It's about picking the quality stocks to trade each day that have momentum and that is how you do it You chunk it out one thousand five hundred two thousand three hundred five hundred. That's how you do it Okay, and you make your goal and you stop Now I put in here a testimonial before I go over the trades because This is something I'm going to talk about in the room this week jaguar pa Has been training with me actively now for not not even not even a year six months only, okay And he has made 50 percent of his account Okay, that's amazing He has made 50 percent of his account So I don't care how much money you have Whatever you have if you could double your money in a certain period of time Trading my strategy Then why wouldn't you want to do it? Okay Every bunny that I talked to wants to make millions and millions of dollars this that the other thing You know what if you can make 50 grand In six months, why wouldn't you do it if you could make 10 grand in three months? Why wouldn't you do it? I mean it's like money is money people Okay, and I couldn't be more prouder of this student because he he has done everything I told him to do I mean he listens to everything I tell him to do and he's doing very well All right So if you come and you learn from me and you want to be mentored by me you listen do everything I say and do everything I tell you to do all right and you'll make it and that's really what it comes down to It's just about doing it and learning. Okay And you've got to learn something that is practical and effective And that was a great example there of effectiveness because that student You know is is just a regular person. Okay, just a regular guy and he is having an amazing year All right, so now let's get really into it I was telling you earlier what a gap is now. Let's talk about what a golden gap is what I turned my system and how actually to Do you use it? It is a rating system as I was saying earlier. I have to find the Michael course. I have to find the yellow Nli I have to find what socks symbol to train. Otherwise. I don't get a momentum move I have to get volatility in order to make money. Okay, and any trader does So my system really the crux of the system is a 26 point Raining system. It's a list. It's a checklist And the purpose of the system is to help you evaluate which gap which gap to trade each morning And that's it Now I prefer the short side although I do teach bullish gaps as well But it is a 26 point system and that seems like a lot of things to look at But the fact is it's not that much when you think about it of the time that you have in the morning You select a watch list and you rate them but in the sense as far as focus and Criteria that you be looking to pick something like Michael course for example to get something that would move that big on the day It is a lot of exactness and trying to hone it down to finding that one thing that's going to have an amazing move You know very early on when I started training. I realized that It was about the fact that I only needed one trade It was like when I got the right thing on the day I had huge mornings and when I didn't I started the day down. It was like the difference between night and day It's like and and I can't I don't even know how I can describe this and it's it's this way even now to today Like the difference between having an amazing day where you make thousands of dollars and losing is like one smidgen But that extra smidgen counts Okay, so even though 26 things sounds like an awful lot of things to look at I that's what I need in order to get me over the edge to get me over to that point that i'm Above and beyond the person that's behind me who's losing so that I win so any amount of Specification or detail or focus that you can have makes a huge huge difference I mean this is what everybody talks about when they they call and they say an edge Okay, my edge is my 26 point rating system. Yes, it's a lot of things to look at But that gives me the one extra thing It's the difference between having a huge day or not getting anything at all And so that's that's the key Okay, because you really do need everything on your side to be able to get something so fast so huge so beautiful every day Okay Now why does it work the golden gap system works because it looks at a large time frame Which is a daily chart which we're going to look at in a minute Of a stock to analyze the directional bias, which is whether long or short again I prefer the shorts the quality and high success rate for choosing the right stock to trade each day And getting the directional bias correct comes from the 26 point rating system Many traders lose money in the market because they're going long a stock that's dropping or the shorting of stock that's rally Okay, you it's just like trading 101. You have to get the direction right. I mean that's number one. All right So I use the checklist to help me determine Which stock is going to go as along our short and also if it's going to have a big move So that extra thing to tell the volatility Helps me as well as knowing which direction to play it Because again, if I have a hundred stocks in the market, I'm looking at in the morning that are gapping Of that hundred that are gapping Okay There might be two Or three that have big big moves. Maybe the one in some days is only one Okay So it's again the difference is night and day between finding something where you have an amazing day And finding something where you don't have anything at all or you lose So it is about being that focus and that specific The philosophy behind the 26 points is that the rating system gives you a high probability of directional bias from the entire day Big moves on the day. Okay Early confirmation of the bias and the move which is between 9 30 and 10 again I'm getting in my trades early and precise entries with follow through and a good risk to reward Now what I mean by risk to reward? We'll look at this in some of the trades for every dollar that I risk in the market I'm looking to make two to three to four Okay on the high end some days you get trades that can go 10 That would be going something to what I would call the dream target. Okay But you don't want to risk a dollar to make 50 cents. That's not a good risk to reward trade So let's look at some trades here just to show you How you can use the system to actually make money and again I'm looking here at day trades Now this was the last week of june. Okay the stock was mu. That's the ticker symbol Mu actually had earnings Sometimes stocks gap for many many reasons in the case of mu though it was an earnings gap The stock closed up here the night before around 24 dollars in some sense and gap down here at around 20 dollars in some sense So the stock gap down I forget if mu was at night or in the morning when it gaps Stocks and gap both at night and in the morning But anyways it gapped Okay, so then you would rate the gap before the market opens using my 26 point rating system And that would tell you oh, this is a good one to short or this is a good one if you want to go long it Okay, now when I rated the gap in mu it was a good short Okay, and it was a short And so you could have shorted mu in the day made money and actually continued quite frankly all day And you can see here you could have actually done an overnight in mu too So mu had a two-day move down again going back to the idea that you can use the system for overnight trades or even options Again, you're looking for the stock pick that's going to have the momentum move and to get the direction right And how do you know all of that from the rating system? So my golden gap 26 point rating system tells me mu was good. Were there other stocks that were gapping to stay? Yes Did I play anything else? No Mu is the one and all you need is one trade like this to make money So here is a one minute chart. Okay, that was the daily chart So you find the gap on the daily And you decide you're doing it on the daily and you rate it on the daily But mu as a day trader. I want to actually take my entry on a one minute chart So this is a smaller time frame now. This is a one minute chart of mu. Okay It's 9 30 here. This is 9 30 9 31 9 32 This is really Very small tiny bars here, but I want you to see the whole move of it What I like to do what I usually do again is play between 9 30 and 10 So I get in a stock it drops and I get out Okay, but you could have actually done mu as I was saying earlier longer Here do you see that it dropped and went even past 11 a.m eastern time? This is 10 50 over here But the morning trade on mu is this price of the entry was 20 30 you shorted stop was over 2050 I use hard stops when I trade why because I have a fixed risk going back to what we were discussing earlier How do you make it you chunk it out part of chunking it out in the market is also Defining your risk so that you risk same or equal to in every trade. How am I able to do that? By using stops. Okay, so that if mu wouldn't work. I wouldn't have an unlimited amount of risk I have a fixed risk in the case of this 5000 shares of mu is a thousand dollar risk now This is a this is an advanced risk You can take less than that you could take a thousand shares Okay, if you took a thousand shares of mu you'd be risking $200 If you're taking a thousand shares of mu risk $200 You would have made 500 bucks That's still a nice nice trade If you did this trade here that I did though and took 5000 shares of mu again This is an advanced risk. You've been trading for a while profit was 2500 risk to reward. It's 2.5 What does that mean? It means for every dollar that I risked a mu I mean $2.50 and I made it in 13 minutes in 13 minutes in 13 Trade that you could have been in longer in you. I didn't do this one. This is the one that I did Okay, you could have had a longer it went it went to the target and passed the target and beyond But money in 13 minutes and this is the reason that I like to day trade This is the reason I like the strategy that I trade and to be honest with me This is a reason that I probably always do the strategy and nothing else And somebody said to me the other day like why don't you do this or that the other thing? And I'm like why why there is nothing else that I'm ever going to do in the market ever Ex much money this quickly in the market and how am I able to do it day after day after day after day because I know exactly What to go after I'm like a hunter going into the I'm like a lion going into the night to catch my prey and get my money And the bottom line is I am doing it. I'm out and guess what? Then there's no more risk for me Then that's it. Not only can I take the money out of my account then immediately if I want to Okay, but I'm no longer at risk. Okay So like let's just say now again you was a short That's a better if I had an example of a long here But okay, like let's just say last last week the market Fell one of the days. I don't remember what the day was. I didn't trade last week. It was a holiday All right, but let's just say the market instead of falling like a crazy person the one day last week rally like a crazy person one day You don't have to worry about that in my mule if I was short mule and the market was rallying like a crazy person power training up Okay I wouldn't have to worry about it. Why because I'm in and I'm out so quick So do you see what I mean? A lot of times people get caught if they don't get the direction of the market right They're screwed. Okay. I don't have to worry about that. Number one I'm getting the gap or in the correct direction of bias number two. I'm getting the entry exact and perfect Number three. I'm sizing myself well number four. I know the targets and number five I'm up the money and I see where I'm going with it I have the reversal signs and the exit signs which I know and teaching the class and I Looking for the targets and I'm out. Okay, so I'm no longer at risk If new rallies against me if the market goes crazy and some Fed announcement If grease falls off the planet, okay Nothing's going to affect me with the mute Because I'm out and I have my money and I can go to the gym. Okay The this idea of trading trading trading and I was saying over trading earlier It's really also just the fact that people that train Feel like the more that they trade the more that they will make but that's not true It's actually the opposite. It's about quality honed in specification Rather than the longer term It's like people that are investors if you buy a stock and you're investing in you're saying I'm going to get in the stock I'm going to buy it. I'm going to hold it till I retire, you know, you can say 35 years from now 40 years from now That's not treating. Okay. That's not what I do. That's not what traders do That's like a long-term investor person and you're you are at risk. You're at risk Okay, you're at risk the longer that you're in something I am actually not as much at risk because I'm in and out so quickly and I Have my risk to find in the trade even when I'm in and live in that 13 minutes I also know exactly where I'm going with it. I'm paying attention. I'm like a sniper going out into the breast Okay, and I'm taking the money. I'm just grabbing it And that's something that traders have the difficulty doing But that's really what you can do and you can do it every day because that's all that you need And then all of a sudden you're making all this money because just getting back to what I was saying I mean a hundred thousand dollars a year you make twenty five hundred dollars a week That's a hundred grand a year. All right, so you could do one trade a week You don't even have to trade five days a week But obviously if you do you'll make more than a hundred grand a year with this kind of sizing Now again, I did not stay immune to the target. There were some people in the room that did hold me all the way down And actually it went to 1950 the low of the day was 1944 But 1950 was one of the dream targets in the mule and if you had taken a $1,000 risk or 5,000 shares of mule in the exact same entry that I did except for you would have held it down in here And it never went against you. I mean you never would have been down in the trade So you could have held it if you had the patience and wanted to wait past 11 It actually you could have made four thousand dollars Okay, again, I did the first one because I'd like to be out quickly you would have had to be in this for longer You could monitor yourself and your stop You could lower your stop. I don't trade like that though. Okay, so going back I take my trade But you could have done this it never went back to your original entry price And you could have actually put it With the stop at break even but I don't trade like that I'm just giving you ideas if you want to try to hold it longer But again The longer in something the more that you're at risk as far as what the market's going to do Or the trade reversing Any questions at all about mule? But the crux of the mule train here that i'm showing here in the one-minute chart goes back to the gap I would have never done me or known what to do with me or even known where to take me or get out of me Or anything with the mule if I didn't know that mule is assured based on my 26 point rating system Do you understand so that's How I know That's that one strategy that i'm doing in golden gaps that makes me know that mule is the good one Because there's a million things that gap every day I mean I showed you that scanner earlier where you can see how many things are gapping on any given day lots But you only need one And actually as I was saying if you took a 200 risk in this you would have made 500 bucks here And 500 a day is still 2,500 a week and 2,500 a week is still 100 grand a year. All right But this is an increased risk amount Now we're not work. I always get these questions in webinars. I didn't get this tonight Everyone says oh, do they do they ever do they always work? That's unrealistic. There are times when some trades do not work. That's why you have a stop in I call any hard stop. It's a limit order, but it's a hard stop to me And there are times when some trades do not work now. I did not do this, but I had off last week. Okay, but I saw this If I had Done this which I did not. Okay. I did not run the room last week. I looked at things in the morning on my own I saw this but actually if you had watched it Per my system, you wouldn't have even done it. Now. It didn't work as a short now. Why wouldn't you have done it? This is the one-minute chart. Okay, so this is the daily. This is pay X Here's the gap. I know it's harder to see than the other one But the stock actually gap down so the stock closed here and got down here. You would have rated this gap You would have rated this gap to actually short Okay So you would have had to go through the process here But per my system per my system for my rating system and per the rules the stock opened did a huge massive Bar thing here all the way down dropped off the planet Like almost two dollars this bar is here. This is happening in one minute because remember this is a one-minute chart Then it rallied And then it did this This was no play what I call no play. You wouldn't have ever taken the trade in this So per my system, you wouldn't have made money in pay X and you wouldn't have lost money in pay X So do they ever not work? Yes, there's some times where they don't work But in the case of pay X it didn't work But you knew not to take the trade to do anything with it Because of the gap and the way it set up And I teach this in the class. Okay, you want to understand? And then it actually completely flipped I mean it flipped a big time and that's why you have this huge candlestick here So this is where learning okay counts and it saves you money from bad trades It won't work because you don't take any trades in pay X You see the gap you rate the gap even if you decided you wanted to watch the gap It didn't set up to short it and it didn't set up to buy it So you didn't you didn't make any money in it, but you didn't lose any money in it Again going back to the concept of how do you make this kind of money? You chunk it out if you have Wonderful fabulous beautiful trading days when you make money. That's all well and good But if the days that you are down that you lose They're enormous too big or you have too many of them. It doesn't matter if you have fantastic days You have to keep the losses Confined small not that many not that often not that big Okay, this is part of the chunking it out thing And so not only do I teach people actually how to take good trades I teach people things that are called failures And and you see it in the live price action that it's a failure And you see it from the gap rating. That's a failure So I have a 26 point system if the gap rates 20 points or more I look to take it in the direction of the gap If the gap rates less than that I'm not trading it per the system. So for example If a gap would rate 11 points, let's just say say you would get up in the morning and see whatever a a or something Has earnings out Wednesday night If you have a gap down and you rated it and it rated 11 points You wouldn't short it. You wouldn't trade it. You wouldn't do it because per my system It would tell you no play. Don't do anything. Don't short that okay The class I teach Rick cost 34.99 and if you'd like more information on that You can email me at melissa at the stocks wish.com if you have to leave soon And Kathy can also put my information in the room as well It is a two day class for 16 hours where you learn how to rate the gaps and also how to take the entries in the trade and the targets Now let's look at apol This was last week. This was the actually this is the only thing I did last week because this was a good one Uh, this gapped down. Okay the night before it was up here around 15 something It gapped down here to like 13 something. This was on june 30th So you get up in the morning and you rate the gap Okay, you're raining it to see if it rates 20 points or more. So you could see if you could short it All right, I did that and it was good and it met the criteria again The focus focus focus of being specific to know what to do Because last week it was a holiday week and there might have been nothing to do But there was some things to do. Anyway, so apol was a short now The stock gap down here again were in the one minute chart. You're looking to take the entry Here's the entry in the apol And again, what do I like to do? I like to take the trade and I like to be out very quickly And here's the move and actually this is one of those ones that went to the target. So you didn't even have to think Sometimes you get the move very very quickly into the immediate target And sometimes you get a move like in the mu where it goes to an area that you have That's not quite the target But you're up a good amount of money in the time of the day you have an exit sign But sometimes you get lucky and you have the move and it goes right to the target in the time period And in the case of apol it did and it was like easy peasy to know where to take it out exactly Price of the entry the entry that I actually had in this because I did take a good amount of size in this I got filled at 1948 and changed Stop was over 1980. So this is 32 cents. Again, I have to size myself correctly because it's based on the stop Okay, 5000 shares of this is a risk of 1600 dollars with a stop at 1980 And here was my exit. I took it out as quick as I saw it go It hit 13 though Total profit was 1939 again time and trade 11 minutes. Let's go back and look at it I'm in it here. I actually got out of it here It was so close to the target. No, I got out of it here. I'm sorry. This was the bargain out of it But I could have stayed in it like a like a couple minutes longer I got out of this tally thing But that's it and so this is before 10 and again You could sometimes Trade these later Sometimes you can take a second trade sometimes you can trade them again in the morning for a second trade But I like to do the first trade and if your goal is in if your monetary goal is in if you made the money Why would you take another trade? So I plot this and this is a copy of my p&l for the day So I was not going to take another trade that day. It was like idiotic to even think of taking another trade So in an ideal world in an ideal melissa armo world Every trade I take I'm in and out in less than 30 minutes and make whatever I make a thousand dollars two thousand dollars four thousand dollars Whatever I make Okay It's about going in and hitting it like a sniper or like a lion going out into the brush And then I'm no longer at risk I've got the money that I need for the day and I'm done But you can't do this unless you know where to take the trade or how to take the trade or how to trade in a one-minute chart And to even know to do apol and to know what direction to do it longer short Okay, because if you try to buy apol which by the way traders did you lost money on the day It was not in long. It was a short Okay, and you can see the way that clues on the day any questions at all about the trades in mu Or apol or any questions about gaps really Or does anyone have any questions at all about what i'm talking about here? I know some of you are Active traders. I know some of you may not have ever traded at all If you've never traded at all the idea of day trading to be able to make 1900 dollars and 10 minutes might may seem astounding But I do this. Okay It's it's one of those things where it's a different type of career It's just a very very different type of career than a regular job But it is something that you can do if you learn how to do it And I and that's why I had the testimonial from jaguar paul because he's had an It's just an amazing year. All right. He's doing everything I taught him Well, let's go back to that rich is asking me now. Let's go back. How much do you actually Need you have to actually set up an account with a broker. There are different types of brokers There are retail brokers and there are also proprietary trading brokers Okay Depending on the type of brokerage account you have Will depend on the actual amount of money that you need in the account to be able to take a trade like the apu l So let's just say this one here. So let's just say let's use for 1948 1948 here somebody do the calculation times 5,000 equals what? Somebody figure it out really quick in a calculator or you're going to make me do it Whatever that amount is you divide it by that for your buying power Rich is asking me how much, you know, how much money do you need? He's saying you need lots of money. You actually don't but This is how much buying power you need I don't know why that just popped up there. Hold on. No one figured it out. So I just did There you go You would need 97,400 dollars in buying power. Do you need 97,400 dollars in cash? No. No, you don't You need it in buying power or what is called leverage that you get from the broker Proprietary day trading places give you more leverage than a retail broker If you're at a retail place, you would need to have a minimum of 25,000 cash to take that trade If you are at a proprietary day trading place You would you could you could take that trade with $5,000 cash or $10,000 cash At some they may not give you 20 to 1 some will give you 20 to 1 some will give you 10 to 1 Either way You don't need a hundred grand Does that make sense and if you don't understand that then ask me I don't know experience you have rich, but you don't need 97,400 dollars to take that trade If you did the only people that'll be able to trade would be people that don't have that much money Okay, I mean the only people that would be able to trade are people that have a lot of money And people that don't have that much money wouldn't be able to trade but that's not true There are people in my training room that have accounts with $2,000 in it and they're and they're making money So obviously the more money that you have the more you can risk If you have $2,000 in your account though, you shouldn't be risking $1,600 Even if you have a hundred thousand and buying power in APOL You have to look at your risk per trade Based on your cash balance Okay, but the buying power has to do with how much the broker is giving you At retail accounts, it's four to one for day trading And a proprietary day trading accounts is anywhere from 10 to 20 depending on where you trade Does everyone understand this because if you don't ask me Although it's something that really you could talk to your broker about But this is the beauty about you know day trading actively is that you don't need 97,400 dollars Because if you did like I was saying only very wealthy people could trade the market But I will tell you that the more money you have the more that you can make Well, if you have an active day trading account, you can actively train every day, which which which I do So another profitable and practical use for the golden gap is swing and core trades as I pointed out earlier Michael Kors was a nice swing trade So it is very useful my strategy because you can do it on multiple time frames If you want to do overnight's and day trade and do options you can use the same strategy Which is a rating system for all of them and the targets Okay, would just be bigger targets if you're looking to do overnight There's some other questions here. What happens if your broker cannot borrow the Borrow the stock Well, first of all g gamma you must trade at a You must have an account at a broker that has short access. I mean that is like number one boom. That's it like you must If you're going to be an active trader they have to be able to get you in you have to have the short access You got to have it all. I know those places if you want to referral email me. I'll send you them You do you cannot trade at a place that can't get you shorts. That's insanity You must trade at a broker that has shorts and there are so many out there, but I know the good ones Example of one of the 26 point checklist, please I haven't given any examples of the 26 point checklist at all I teach that in the class at 16 hours The 20 point rule is what I'm saying is that there is a 20 point minimum Meaning 26 is the maximum points you can get 20 is the minimum that you have to have or I'm not touching it. Okay, that's not the point itself That's the criteria where I'm doing it or I'm not even touching it, correct So that has nothing to do with the actual Reason or point or that's not the point itself. That's the criteria My criteria is if the gap rates 20 or more I can do it if it doesn't I'm not doing it The maximum points I can anything you get is 26 the minimum criteria at the very least is 20 Martin if you would like that email me directly, okay So there are very few strategies if any that you can use to trade in multiple time frames. This is actually Something that's amazing to me I did not create my system to do anything other than day trade But I will tell you that one of the things that's so great about my system is if you learn it You can use it in so many different ways for so many other different ways to trade And I didn't I didn't make it that way, but guess what that's how good it is at honing in on the pet Okay, like the micro cores here. You could have done so many different things with this to make money It's not even funny All right, but the swing trade was entry when I called it 48 Risk was three dollars. You could have risked 600 bucks and you would have made 1200 already It's still going. This is still in play. This is bigger targets in it But I'm just saying as of now you would have made this and you would have never been down in the trade And and this is a nice trade. You would have been up and it just fell off the planet This just fell off the planet. Look at it Okay, swing trades don't normally set up like that I've called some really nice swing trades this year So the golden gap strategy can help you get to your goal. All you have to do is chunk it out Chunk it out. Chunk it out. It's about 8500 dollars a month You're making if you want to make 100 grand a year and I'm not saying you have to risk a thousand dollars a trade You really have to risk probably about 500 Three four 500. Okay on average So that is still an intermediate risk. All right Once you get up to risking way more than that obviously you're making more than 100 grand a year But if the goal is to make 100 grand a year, it's realistic If you chunk it out If you think of it if you break it down to get real It's like 2100 a week 2100 a week. I was talking to somebody this was like a month ago or longer I'm like 1500 a week is was all he wanted to make that's six grand a month that would pay his bills It was it's like 72 grand a year 1500 dollars a week is like nothing in the market. It comes out to be like 300 bucks a day And 1500 dollars you can make in one trade and not even work the rest of the week And some people are not only not making 1500 dollars a week. They're losing and 2100 dollars a week is realistic And 2100 dollars a week makes 100 grand a year. That's it And you have five days to do it and you can do it in one trade. Okay one try you could do it It's it's about the you've got to have the right system that gives you the right pick If you can you can do it and it's not that hard It's really about getting serious about your trading goals and getting to respect the money you want to make in the market You can't be a looky loo I know that people come to these webinars and they want to come and come and come and come and keep looking You're never going to learn it until you take the class and actually do it and get good And that means getting serious about it. You either want to make the money in the market Or you don't or you want to be a looky loo. You can be a looky loo forever, but what's the point? Okay, I was very serious about my training very serious about making money and I did it If you want to be serious, you can do it and it is 100 achievable to do it It's really about the daily pick. It's just it's it's so important if you are a day trader to have these nice big days It's important to not have big losing days. It's important to have big gains It's important to make money and keep your risks defined Okay, big profit days are important because they make a huge difference in your p&l Whether it's a thousand dollars two thousand dollars three thousand dollars They can really help your whole month and not only that it helps your self confidence It helps get you excited. It helps you be passionate about trading. What is the reason that I like to teach? What is the reason I trade still even after seven years? Why do I keep doing this? Why do I get so excited? Why do I jump up and down and clap in the morning still after seven years of trading? Because there is nothing like the thrill of making $1900 and 11 minutes. There's nothing that is never I'm never going to not be thrilled about that 10 years from now If I make $25,000 and 11 minutes, I'll scream and jump up and down and clap in the trading room When I trade and he's excited then as I am today the idea of making several thousand dollars working for milliseconds I mean, it's like it's I'm just basically my early It's like I made a hundred twenty one dollars a minute like where can you do that? There is no other place in the planet that you could do that. No, there's nowhere Nowhere you could do that I will never not be as excited about trading the market because of the amount of money that I can make as quick as I could make it And if I could make it in one minute, I would and maybe someday I'll figure that out But right now I mean the idea to make it in 10 15 minutes is exciting Okay, and when you see that kind of profit it makes you passionate about learning and passionate about trading and Passion about getting up out of bed in the morning and learning this stuff and doing it and doing it well Instead of being a looky loo Okay, you can looky loo all you want, but you don't have the cash You got to train and you got to learn it and you got to do it to make the money. Okay So think about where you see yourself in a year You've got to get to the point where you really open up your eyes to see the possibility for your own life to do it Because we do not have the same job security that we did in the past We just don't and I learned that tough lesson with the whole thing that was happening in the mortgage industry You've got to fend for yourself even if you have a job right now and everything's going great You don't even know if you have the same job security Something could happen six months from now a year from now take care of yourself always be looking forward always be looking at a head Always be looking out where you want to be next or if you're not where you want to be now How are you gonna get there? You have to have a plan of action to do it What is your plan of action? You have to start somewhere if you have $2,000 in a trading account open it up Learn take the class do it treat whatever you've got the longer it takes you to do it The longer it's going to take for you to get off the ground and maximize your money whatever you make July august september it's money. It's more money than you would have Prior to trading so you've got to do it and taking my class and learning it is the first step And then you learn how to do it and you take my instruction okay Martin is saying is there payment plan option for the learning course? No, and the reason is because you learn everything in the two days in the class to actually trade But you can go into paypal and paypal has a six month credit plan You can pay me through paypal and if you apply for the six month credit plan through paypal You pay for the class directly to me and whole and then you pay paypal over six months And I think it's no interest you'd have to go to paypal and apply That I accept. Okay You can email me martin if you want that information So my class teaches a 26 point rating system to find the best stock to trade each day It teaches you how to enter the trades and as of the trades it teaches you the targets price analysis technical analysis And really a very efficient way to trade as I just showed you in the trades that I took Okay, it is all about the checklist though So empower yourself today to train the market and get serious about success success is Sexy it's attractive. It is appealing to people You'll be amazed if you start to make more money in your life and do well as a trader all the Opportunities and things that are going to come your way lots and lots and lots of opportunities Okay, the golden gap course is a complete system to use to trade It is a full two-day course on how to strategically find pick-and-play stocks at our professional bearish gaps Retakes are free. The class is online. You can be anywhere in the world and take the class It is this weekend saturday and sunday july 11th and 12th from 9 a.m. To 5 p.m. Eastern time cost of the class is 34 99 And if you're interested you have to email me for sign-up information at melissa at the stockswush.com Now I also teach a trends course. This is a class on longer-term trends. This is at the end of july This is not teach you gaps, but it teaches you how to bring long-term pattern trends and charts If you're an options trader or you do over nights, this is a good class to take for that It's july 28th and 29th from 12 to 4 This class is 9 99 it is during the week Okay, if you are interested in this course as well And if you want to sign up for both i'm giving a discount You can sign up for the trends class and the golden gap course And actually i'll have june in here. It's actually july. It's 39 99 for both classes Okay And they're in july sorry about that And I also am teaching for the very first time a bullish class next week july 14th and 15th from 12 to 6 Which is tuesday and wednesday the bullish gaps is not the same as the bearish gaps Okay, some things are the same some things are different again Like everything else it's about honing it down to the very very specifics of what you're doing So there are some things that are different about going long and bullish gaps than bearish gaps So if you're interested more in going long or doing bullish gaps you can do this class It's during the week though 12 to 6 tuesday and wednesday, which is the next week And if you want to do both the bullish class and the bearish class You actually get a huge discount. You can do both classes for 50 to 48 50. It's basically 25 off You save 17 50 If you want to do them all Okay, and you'll know how to go long and short You know how to do the up gaps the down gaps and you can do both classes this month Okay, so for a lot of people some are trading they call it the summer dull drums I don't because it's earning season which starts wednesday It runs all through into labor day So I will trade every day and have active trading daily in the market doing my strategy when many people will not Have a sentiment stocks because they'll be looking for entries after 10 o'clock 10 30 and in the afternoon When there is a summer dull drums, but not in gaps not in the strategy I trade not into the open between 9 30 and 10 when the Institutions are taking positions on and off in their stocks because the institutions are there and people are traders are working And hedge funds were open in the summer Okay, so they are actively in and out of positions, but they're making the moves Into the morning period So you've got to know how to trade that you have to know how to train that time frame In order to make money and specifically in the summer and if you can summer can be a great great trading time I remember one of the best months I ever had After I figured everything out was in a month of august In the month of august I'm one of the biggest months I ever had for the risk that I was taking at that time Does anyone have any questions? About anything right now that I can answer we're almost out of time If you are interested in the trial to the live trading room, you can email me at melissa at the stockswish.com I do give one week free trials You do have to sign up for the class and take the class in order to join the live training room to be in the Room full-time the class is this coming weekend saturday and sunday and the bullish class is next week tuesday and wednesday And feel free to email me with any other questions. Thanks online trader central. Have a good night