 Hello everyone and welcome. My name is Melissa Armo and I am the Stock Swoosh. And today I wanted to go over a question that I get a lot. People ask me, you know, what would it be better to do your system using options or day trades? I'm not sure what I wanna do. You know, I like doing both and I'll explain why. But it's really totally, totally up to you. You can make money using my golden gap 26 point rating system. I apply the system to trade as options or apply the system to day trades. So what are the benefits of doing one versus the other? First of all, the day trades I like because you can make money in and out quick and sometimes in several minutes. Like today we were in the trade so fast today you wouldn't even believe it. I like that. I like that. So I like that aspect of day trading, okay? Now if that doesn't suit your personality, if you don't really like fast trading, if you're a little bit more even keeled and slower on the draw, you don't wanna do the fast trades, then options will be a better product for you. You can do the same stock, okay? That we do, for example, if we would short Boeing, you could buy a put in Boeing as an option. So if you wanna do options, they're a little bit slower pace for you to get in and out of the trade. Whereas you're not necessarily gonna do an option. I mean, I don't do options where I get in and out in two minutes and I might do that in the day trade. So options, you would be in the trade, you might be in it for a couple of hours, you might be in it for a couple of days. It depends. We're doing the weeklies. So it really has to do with how fast you like to trade and what type of trading do you like to do? The other benefit of doing options I find is you can get the bigger moves. So I like risking more in options because I wanna do some of the more sizable stocks that cost more like Amazon, Google, things that I would not normally day trade because of the, with the cost of the stock, particularly on margin. So I will take the position as an option where you pay a fixed cost and then you can get overnight moves in those types of stocks. So that's the benefit and get bigger moves and options overnight. The benefit again, going back to doing day trading is not just that it's fast, but even if you have a trade that maybe you're in it in the day trade, maybe you're in it for a whole half an hour, an hour. The fact is, you know where you're at by the end of the day. I mean, you have to be flat by the end of the day when you do day trades. You might take an option and be in it, be up or be down or flat in it and not know, go to bed, not know what's gonna happen the next day. So again, it's different depending on what you wanna do. The benefit of options is you do not eat a margin account unless you're gonna get in out, in out. You can take trades in an options account without it being a margin account and you can open up a cash account. That's something you have to talk to your broker about but a lot of people like that because you can open up an options account as little as $2,000. For day trades, for equity trades, you need margin. It's something called buying power and you get that from the broker. It varies from the brokers that you go to, how much buying power margin you're going to get. Anyways, and that's a different type of account and that has to do with the cost of the stock when you're taking the position. Say you're taking a thousand shares or something might cost $40, you're gonna need $40,000 in buying power. That doesn't mean $40,000 in cash. It means $40,000 in BP or buying power which at a retail place you would need what? $10,000 cash, if you follow me in order to get that type of position. But again, you're flat, flat by the end of the day. Every day you gotta be out of everything in a day trade. Not true with options. So again, is there different types of trades? It depends what suits your personality. It depends what suits the money that you have to train within the type of account that you can afford to open up and trade with. So all of that is something that you can talk to about if you have questions. Personally, I like both because there are different types of ways to take trades. But sometimes we do do the same stocks, not always, but sometimes. For example, today we shorted KSS, we did not do that as an option, okay? So the reality is it has to do with the individual but the system that I apply to every single thing that I do, every pick, every gap, I use made by the Golden Gap 26 point rating system. That's how I make the picks. That's the reason for my success and that's the reason you should sign up for my Golden Gap course and learn the 26 point rating system. If you have questions, email me at Melissa at thestockswish.com. The next Golden Gap course is October 9th and 10th. Don't miss it. It's gonna be a great time to trade. It really was a great week and I'm really looking forward to earning season coming up soon. Have a great day, everyone.