 You know, we're going to get started here. If everybody can hear me and see the slide. Very good. Welcome. Kathy's going to put my email in. If you have any questions, you can always email me at Melissa at the stockswush.com. OK, Kathy, if you can put that in the room. Today I'm going to do a brief lecture. We're going to talk about how you can earn a living one hour day-day trading. Now, you know, a lot of people are interested in making money in the market. I must clarify that active trading is not the same as investing. OK, investing is I'm going to buy this stock and I'm going to hold it for weeks and months and years. OK, that's not what this is. Excuse me, active trading is you may buy stocks. You might short stocks. And you're in them maybe for a couple of minutes or even an hour, maybe less than that. Or you could do options, which we'll talk about an option trade here in this webinar too, which you might be in it for a day or two. But either way, you can actively trade the market and be in and out in several minutes, not even an hour. But that's not investing. It's trading. So I call it chunking it out. You chunk out the money. OK, you pull it out of the market and you stick it into your account. And that's really what it is. OK. And if you have any questions as we go along here today, you can always put them in the room. OK. So anyways, you can watch me in Fox Business, Fox News. I also appear in CBS. I just did a CBS radio interview today. So I'm making the rounds. OK, talk with the market the market found today. And we'll talk about the market today as well. And if you'd like more information, you can call me at 929-3200, yeah. And you can also email me at Melissa at thestockswish.com or follow me on Twitter, Facebook, YouTube, or Skype. So I mean, many people are here. Some of you are recognized. Your names are not. You haven't done the class or have enjoyed my group. Some of you, I see some students in here. How many of you are trading right now? This is a very volatile time for the market. You could take that one of two ways. It's good if you're an active trader and you play it in the right direction. It's not good if you play it in the wrong direction. But I think you have to be focused no matter what you do. Whether the market's volatile or not, you still have to be focused. But I will say that from pretty much January 1st up until April 30th, the market was just rallying. And you could have gone long tons of stops and made money without blinking an eye. It's not the case right now. And it's not the case most of the time. NAB said no, not trading yet. All right, well, it's a good time to start. I called 2019 in December. In January, I thought this would be a volatile year, but then it was very quiet for the first four months of the year, but the year isn't over. So May has begun. The volatility has begun. And that means the way I look at it, okay? Again, I'm trying to explain this. It's opportunity, volatility equals opportunity. That is how I look at it, okay? And again, if you have any questions that go along in here, let me know. Excuse me, so for those of you that don't know what I do, I focus on stocks that are gapping. So we'll do a quick lesson here on what is a gap. A gap is a difference between the close and the open. So here's a chart, it's a day chart of the spine. This was today, I clipped it around three o'clock. The market on Friday closed here, boom, gapped down. So closed here at one price and gapped down to a different price. So what is a gap? A gap is a difference between the close and the open. That's all that it is. So stocks can gap up, stocks can gap down in the case of the market here, which is a spy, which is EETF for the S&P and gap down, okay? So what I look at is the first 30 minutes. Really, I'm very focused, 9.30 to 10 a Eastern time. It's a very important part of the day between 9.30, 10, 10, 10, 30, okay? You get big moves in stocks and the market in that period when they're gapping. Now that's not everything that you'd ever train. It's only things that are gapping, okay? And again, any questions, just write it in the room. I get this question a lot. Can you do this if you're a beginner? Yes, yes, you can. It may be something where you don't understand it, but then you ask questions or you just don't get it. Then you have to ask questions or maybe you'll get everything that I say. You'll sign up for the class and you'll get it all like that, okay? But the fact is you don't have to have an experience to be an active trader. You can do my class that I teach once a month. It's this weekend, May 18th and 19th and you can learn everything about the whole system in the two days. It is a full on 16 hour two day class, okay? But you don't have to have prior experience to trade. You don't have to have a college degree in trading. There is no such thing. You don't have to have a degree in business or finance and that's the beauty of the market. It's a free opportunity for you to come, free meaning open to anyone, experience level, anything. You just have to have the money to trade. You have to have the motivation to do it. You have to have a right system. And then of course you have to have the cost for my class. But trading is one of those things where you can do it anywhere in the world, anywhere then you live. And a lot of people like to trade the US markets because of the volume, because of the volatility. There are other markets out there to trade but a lot of them are slower, okay, slower going. So one of the things that's important to be successful whether you're trading for one hour a day or longer is you have to have a strategy. It's key to be successful. Very important if you wanna make money the market. You are not gonna be consistently profitable if you don't have a strategy. So this market as I was saying from May 1st through today has been all over the place. We drop, we fall, we rally, we drop the next day. If you don't know what to look at then you're probably getting killed in this market. But again if you do then you can make money and profit but it's all about the strategy for me, the system, okay, the system that I created that's called the golden gap. And I look at that system and I rank gaps in the pre-market, pre-market. Now you can also look at gaps at night, okay. In fact, the market may be gaping right now. In fact, let's look at it, hold on. Let's see if the market is up or down right now. Let's just take a little doozy. Let's look at the spy. I don't know why I did have that up. Hold on, where did we close? Oh, we see we're down, we're down. So we closed 280.96, we closed 280.96, and we're down. So we're down right now. Look at this, we're following as we speak. So you see the price here, 280.32, doing 280.36. You see this is where we closed over here, 280.96. Market's down. Does everyone see that? This is live. And again, I don't try the after hours, but this is live. It's 4.42, market closed at four. Everybody see that? Tell me if you see it. I'll go back to the PowerPoint, hold on one second. Any questions? Let me get the slide back up one second. Any questions about that? So the market is down tonight. Next it's about consistency. So consistency, the strategy, consistency, consistency is gonna help you particularly in 2019. Why? Because as I said earlier, it's gonna be a volatile year. So you don't want to miss opportunity when it comes and also you don't wanna be up money and then knock it out. And you don't wanna be down money in a train and then have it go on to work where you could have been up when you killed with a loss. It's very, very, very, very, very important when you are trading to understand what you're doing particularly in these wild times, okay? Make sense? So how can you make money in the market? It's consistency in the strategy, money management and following a system. So for me, I really think that active trading in and out is fun. I like doing the work in the morning. I also like having the rest of my day to myself and I also like the idea that I can work from home. So a lot of you may go into your office or your job but the beautiful thing about trading is you don't have to go downtown to Wall Street. You don't have to live in New York if you wanna actively trade. It can be anywhere in the world, okay? We live in an electronic trading system. You can pull up your charts right now and see the price and guess what? We all have the same information. That's a beautiful thing. You open up an account at a broker. We all see, oh, the spy is down tonight. If you pull it up, boom, 2835 or wherever it's trading right now, okay? So this is really a great job. You don't have to be in New York. You don't have to be in the United States and you don't even have to trade all day, okay? Any questions? So trading in the morning Eastern time, talking about the market open, which is 9.30. If you can focus between 9.30 and 10, if that fits your schedule, you're gonna do fine, okay? Now, if you're at your job, you gotta be able to log into your computer or something and be able to take trades from your work desk but we're looking for the fast moves and we're gonna go over today's trades in this webinar tonight, at least the day trades. Not the actions, but the day trades today. There were two day trades today and they were in and out, in and out, in and out. Now, you could have actually held the moves today longer because the market fell and everything was pulled down with it but most of the time we're looking to get in and out quickly in the morning, all right? If you like the idea of working from home and if you like the idea of working for yourself, then this is something that you might wanna look into and that's what I'm here tonight and I will also answer anyone's questions if you have any questions about trading. But the ultimate lesson and the takeaway from today no matter what you decide to do, if you do decide to get engaged in the market, I think is have the proper focus and I always say it can be perfect for one hour a day. Just turn off your cell phone, do not check your email, close the door wherever you are in your home or office and do not talk to anyone and don't get distracted. I don't have the TV on. Turn the television off too. You have to be focused, okay? The market moves quickly. That's not a bad thing but it means that you definitely have to be focused on what you're doing and this is one of the reasons I like to prep. I like to prep myself in the pre-market, okay? So I'm very focused on what I'm doing, the time of the day and I'm watching things in the pre-market and I'm also focused on only one strategy. Now, what is the general philosophy of my strategy? I'm focused on institutional money. I learn how to read institutional money and price patterns and gaps and that is what I do, that's what you come and learn from me, okay? I read price. I read price action and gaps. I see movements ahead of time in charts and how do I do that? Because I'm reading the charts data, like I just showed you in the spy and I do something called price forecasting. So forecasting is the use of historic data to determine the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for the anticipated expenses for an upcoming period of time. This is typically based on the projected demand for the goods and services they offer. So it's very similar when you plan out something where you're doing if you had a business and you're forecasting how much money you're gonna spend, what is your budget? Well, it's similar when you're looking at a chart and a stock chart, you're looking at a historic data and you're saying, well, I'm gonna determine the stock is gonna go there based on past price action, past price data and again, that's why you have to have charts. So what I do is something called technical analysis or it's advanced technical analysis because I'm looking at the gap but I'm looking at things in the chart and I'm determining in the pre-market if it's going to move up or down and that's how you know whether to go long or short, okay? But today the trades were shorts and I focus mostly on shorts but really what I'm reading is institutional money. Institutional money moves stocks, it moves the market. It's big, big money, hedge funds, big professional traders, okay? Follow me. So any questions so far as we're going along in here? Kathy, are you there? I just sent you a message too. So a lot of people wanna do this and they wanna get engaged in the markets but you have to understand if you get involved what you're getting into. Someone said today, oh, the China news. I don't trade news. Yeah, you can be aware of the news if you want to but you don't make decisions based on news events. You don't make decisions based on earnings. You make decisions based on price action, okay? So if you change to come and learn from me this is what you're gonna learn, okay? It's education that you're paying me for my time and you're paying me for my information and education is important, is important in anything you would wanna do as a professional career. I never understand why traders think that they can make money the market without proper education but many people believe that they can and that's why many people lose. You have to take it seriously. You don't wanna look at trading as gambling. That would be very detrimental to you personally, financially and just emotionally because if that's how you read the market and look at the market, you're gonna end up just failing, okay? So the intelligent choice, the higher choice is to learn, to learn and to understand and also have a goal and know why you're doing this. Like I don't know why every one of you is here tonight. Bottom line is some of you I recognize you've been following me for a long, long time and have not done the class. So why are you here? You're thinking about doing the class or thinking about trading or you're trading now, you're failing, you're losing. You have to decide why you're doing this. Are you doing it to make a little bit of extra money? Are you doing it because you're bored? That's not a good enough reason being bored. You must take trading seriously if you wanna be successful. This is one of the reasons why the market is set up that you have a few amount of people at the top making lots and lots and lots of money and a lot of people at the bottom that are losing and most people will always lose in the market because they have these unrealistic dreams that they can take a small amount of money and make a million dollars. That's not realistic. While it is realistic to make money and profit from the market, you absolutely must take it seriously. You absolutely must know what to do and you can make a lot of money in the market depending on your risk but you have to risk a lot to get there. So how do you get there? If you have a small account, you start with what you have and you build it from there. $50 a day, $100 a day, $200 a day. Okay, $200 a day is $1,000 a week and $1,000 a week is four grand a month and that isn't nothing. That's a decent profit that's almost 50 grand a year and if you're losing, losing in the market, that's real money. While 50 grand a year may not pay your bills or 48 grand a year may not pay your bills, it still is a great start and can build an account up in your equity to a position where you can start to risk more. It's great to have big dreams but you need to have to be able to take the steps to get there, okay? And a lot of people aren't willing to do that and that's one of the reasons many people lose. They wanna jump head first into something and take all their money, not learn what to do, risk it all, risk the farm, I say, I call it and then they lose and then they have nothing in the end anyways, don't know what to do and lose the money that they put up in a tree. So you saw that really with a lot of people trying to do crazy trades in Uber. Uber fell on the day and Friday I called that, I called that it was gonna fall when it was rallying, fell Friday, fell today, God knows where that stock goes and so many people were buying Uber, oh, this is price so low, this is an amazing price for this. Again, all of that has nothing to do with anything with the chart. There's nothing to do with the price action, there's nothing to do with actually happening in the actual chart, makes sense? And anything with a short amount of time data like Uber has is really just speculation but you could read the price action from Friday and you could have read the price action today to determine that it was not along. Any questions so far? Quiet group here tonight. Hello, hello, am I talking to myself? Is anyone alive? Alrighty, well let's talk about the rating system. The rating system is what I teach in my class, that's how I determine the directional bias of the stock that I'm trading, whatever would happen to be and that's how I knew for example that the spy was lower, okay, today. There we got a couple of people that are alive. Kettle corn's alive, now this typing. Anyways, I look at a 26 point checklist, okay? A checklist that tells me, and again I'm looking at the daily chart, it's telling me this is lower, this is higher, okay? Now for example, the market's down right now tonight but I have no idea where it opens tomorrow morning. We could keep falling, the market could rally tomorrow. We could rally from here, we could open higher tomorrow, I don't know. So I typically don't really look at stuff that much and figure anything out at night. I'll glance at it but I do the work in the morning, okay? So what experience do you need to do this as I said? You don't need an experience at all. Sometimes people are better off not having to do other classes before me because they learn things that don't work and then they have to unlearn them. Now how long does it take? You can do the class, you can start trading immediately. I say practice on a demo if you've never traded before for at least a couple of days, at least a week. Didi is here, Didi is finally getting into it, I think. Didi, Didi did the class a little bit ago, she was brand, brand new. So you have to go easy on yourself. Baby steps, I wouldn't be in a demo for that long though. A week is okay, a month is okay if you're really new but you should start to trade. $50 a trade, $100 a trade, okay? Again, money helps you stay motivated, it helps keep you motivated, it helps get you motivated. There's nothing like money to make you motivated to get up early out of bed, you rise and shine and you have breakfast and you get ready and you write your gaps, it's motivating. And also the motivation that someday you might be a professional trader if indeed that is what you want. Again, you have to know what you want but for a lot of people, they are trying and attempting to trade the market and very well many people are throwing money into the market and they don't really know what their end goal is. You do need to know what your end goal is and you need to know how are you going to get there. Okay, you're gonna do this, this, this, this, this, this. And I say here we are, we're in May, it's almost June, May 13th it is, we're halfway through the month of May, almost June 1st, so we're not quite six months into the year, okay? We're about five, four and a half months into the year, she still have plenty of 2019 left, a million, million days to trade, left in this year to learn, to trade, to know what to do. Lots of time for the experience, okay? But the nice thing about this strategy is it's a short time a day, okay? So what will you learn from me? You will learn how to rank gaps on the daily chart. You will learn a high probability of directional bias for the entire day. You will learn how to look at something that has a big move of the day to predict that it will. Okay, we did TVA today that ended up having a very big move. I said that if the market falls today, TVA will go to 12, it broke 12. You will get early confirmation, looking between 9.30 and 10, 10 a.m. for the move and precise entries with follow-through and a good risk to reward target potential. And that is important because you want to have that risk to reward. Now again, we're looking to get the moves in the morning, but every once in a while you will have the market with you. And this only works for the stock market, I don't know what you mean, are you talking about currencies? Since we're looking at gaps, currencies, the currency market, the forex market, if that's what you're talking about only has one close and open every week. So theoretically, you would only be able to have one gap a week to even look at anything. So I don't think that that's enough. I don't know otherwise and that what you mean. Futures, you're looking at what? You're looking at the market. So yes, you could apply this and if you decide to do my class and have previously traded futures, I guarantee you that your analysis of the overall market will be greatly improved through this system. So you could apply it and use it for that. Many people want and choose to trade forks and futures because of the leverage, because of the amount of money you need to start an account which is very small in the leverage you get. That should not be a deciding factor in why you want to trade. You can make a lot of money trading stocks if you get the direction right because of the move. Yes, you need cash to do it, but you can open up a proprietary day trading account with $2,500 and a while you can open up a futures account with maybe 500 bucks, that shouldn't be the reason that you go in that direction. But you will learn how to read the market better from this checklist I've read the market, better than anyone that I know and better than anyone I've ever been on TV with in three years. And it's because of the way that I read gaps. But you shouldn't necessarily go to trade forks or futures because of the leverage. That's not a good enough rationale to trade that. I get where you're coming from but again, goes back to the philosophy. Don't be sucked into thinking that you're gonna take $500 and make a million. There's some other places out there that tell people that and people believe it. And as a result, people throw the $500 and the very fast $500 that they have left into the market, they lose it all thinking they're gonna make a million or a hundred grand in a month or a year or a day. It doesn't work like that. And so don't you see why then the people at the top keep getting richer and everybody else keeps getting poorer because they're throwing money into the market because you have 500, 500, 500, 500, 500 and one trader at the top is saying, oh, come on, give me the money, give me the money. When you win, you're taking money from somebody else. So because XYZ is out there saying you could take $500 and make a hundred grand a month and you could take $500 and make a million dollars in two years, people believe that. That is insane. Know that that is completely ridiculous and not a chance in hell you could do that. I'm amazing at what I do. No chance in hell you can do it. Stop believing that nonsense. That is the very reason why the people at the top that know what they're doing keep getting richer and richer and richer because they're taking $500 from the 100,000 people that that person is telling people that they can do and it is false. Do you understand that the dream of making a million dollars in the market is fully alive. If you only have $500, what is your priority? What do you need to do? Well you better start saving money. Get a part-time job. Save your money so that you can take my class and open up an account that you can start out doing the normal things and then you can risk $100 a day and then you can risk $200 a day and then all of a sudden like I said you're making $48,000 in a year and then you can start to risk more. Then you can start to make $1,000 a day. Then you can start to make $2,000 a day and then after you're risking several thousand dollars on the trade the very idea of making a million doesn't seem that far away. But if you are starting out at a very small level it is totally unrealistic that you could hit those big numbers at any length of time. It is completely absurd. And I am ever amazed that people believe that nonsense and yet they do. They do. Do not buy, don't drink the Kool-Aid. Stop drinking that Kool-Aid. It's gonna make you sick. Do you understand? All right, where was I? So share size to make a living. Again, everyone's risked a lot. Everybody wants to leverage. Yes, yes of course if you take 2,000 shares of something and you short it and it drops a dollar what are you gonna make? Two grand. But if you take 200 shares of something then you short it and it drops a dollar what are you gonna make? 200 bucks. And if you only have $200 to risk then you only have $200 to risk. You can't risk 2,000 if you don't have 2,000. If you have 200 you can make 200. So you look for the place and you set it up with a proper risk to reward and I do tell people and I teach people we use stops. And I call the stops in the live trade room stops with like the insurance. Stops protect you, okay? Makes sense? So the process I go through is I get up in the morning and I rate the gap. I rate the gap using my checklist. And this is what you learn from me. So I got up this morning and I rated the gap and I rated the gap in the spy. So the spy looked very inviting today. Very, very good. It looked lower. Okay, so I rated it. The spy rated 20 points per the golden gap range system. Mark it close here. Gap down, boom. This was a short. Okay, so that you caught a bought a put today which is an option. You could have shorted this as a day trade. So these were puts I called last week and I just wanna show this trade. This is not the trade from today. I'm gonna go back and show you the seven. Here was the seven. The market was lower in this trade from this day into Friday. Here's the drop off. This is another way to trade this. Again, if you're looking to avoid the leverage situation then open up an options account. You only pay what the cost is and the cost of this trade was about 80 cents. 80 cents for one contract, that's it. You could have bought one. You could have bought two. Two would have been 160 bucks. And again, you still could have made money. Okay, so do options instead of doing the futures or something if you have a limitation on margin. Anyways, the cost of this trade. Again, this was a seventh into the end of last week. This trade is off and I'm showing you how it worked. 80 cents, 80 contracts for an advanced risk was $6,400, sale price 330, $20,000. Now you would have needed 6,400 to take that trade but the return in investment is still the same regardless of your risk, 313%, over 300%. So you take whatever amount of money you have and you turned it over 300 times. So in this case here, or 313% is what I'm saying. You turned it over over three times. So if you had $640 risk you could have turned it over more than three times into a profit of 2,000. And again, what if you couldn't risk $340? What if you could only risk $320? What if you could only take four contracts and risk $320 in this trade I called last week? You still could have made 1,000 bucks risking 320. Again, turned it over more than three times. More than three times you turned it over, over, over, over. Now, typically what I'm looking for in a trade is I'm looking for one turnover. Okay, 100% return on investment is good or 100% risk to reward if it's a day trade. But in this case here, I've been making some huge calls and some of these have gone over, over, over, where you're turning your money, whatever amount you take, 300, 600, 6,000, whatever it is, and you've turned it over to make it a lot. Okay, very important. Very important. This is how you're making your money work for you. You don't make your money work for you when you take pot shots in the dark by expecting to make 100 grand in a month with $500. You make your money to work for you by being smart. By being smart. I cannot stress enough how vital and critical it is for you to be smart when you are making trading choices. And that's very often why we only look at one or two things a day. Three is a lot. Three is a lot to look at for me. One, mostly maybe two, okay? Anyways, here was the spy. Again, drop today. There was a day trade I called in this. Beautiful, beautiful day trade market gap down. This was Friday night. This is a one minute chart. Closed here, gap down, open rallying and called the market here to beautiful point short, boom. Have you shorted the market right here? Fell again. Make money in one hour. Here's the market open. Don't do anything, don't do anything, boom. Short is here, boom. You could have taken it and been out in 15 minutes, 25 minutes, or you could have held it down more. Now I did tell people to be aware that the market could fall all day today so you get a little bit of money in the morning, early, and then hold the other half down. So anyways, entry for this day trade. Again, in and out very quickly was less than an hour if you took the whole thing off or you could have booked half and held the rest down. 280 to 90, 2,000 shares. Again, an advanced risk, 1,800 bucks. If you exited the first half, we lowered the stop, 2,135. Second half down to the drop, 2,805. You could have made $4,400 today risking 1,800. That's a nice trade. Again, what if you couldn't risk this to make this? Then fine, 200 shares would be $180 risk and you could have made 440 bucks today. And actually you could have made more if you held the whole thing. But I thought it was a good idea to piecemeal out of this market today, the way that it's just been crazy. I do think it's always good to book money in the morning. But do you see here how? I mean even $500 a day, $400 a day in five days is two grand a week. You do not have to risk this type of money if you can't afford it. Now if you can, do it. Do it if you can, okay? But the point I'm trying to make is that everybody is at a different placement in their life. But this is the consistency. Looking for the gap, raiding the gap, raiding the, watching, focus on the time of the day, looking for the setup. One symbol, two symbols, make sense? Now this was the second trade here. Actually this was the first one before the spy. This was Tiva. Tiva closed here, gap down, open, dropped. Again, we were in this very, very early in the morning, okay? Drop, boom. Some people got out here. If you held it, could have made a little bit more. Drop. And again, this ended up going crazily, crazily lower today, which I thought then because of the market. But if you wanted to book money early, you could have been out of Tiva here in five minutes. You could have been out of Tiva here by 10 a.m. Show a very nice move. And if you are able to take the Golden Gap course, you are eligible to join the live training room. I call the trades live in the room. Both these trades, I called in the live room today. You would have gotten the exact entry. You would have gotten the exact stop, okay? But either way, you must do my class to join the room. Why? Because I want people that are serious. I do not want people that are not serious, okay? You have to be serious about this if you want to be successful. And I'm building successful students, successful people, okay? I can't make you successful. You have to be motivated to do it, but I can teach you the information I can tell you this is what you're gonna have to do if you want to be successful, okay? And follow, listen, very, very important. Listen as questions follow. Anyways, this was the daily chart in Tiva. Closed here, gap down, open, fell. Again, this went crazily, crazily, past every target that I had. It did end up breaking 12. Any questions about the trades today, spy or Tiva? So here's what we did. Short was 12.82, boom. Anywhere you got in, take it. 7,000 shares, this had plenty of volume. Again, we trade stocks that move. Names, you know, this was a news, news gap. Risk, 1,960, exit, 12.58, boom. And again, this, I mean, you could have made another 60 cents on this, which is insane when you think about it, but you know, you got to book money. That's important too. Profit 1820, risk your reward, one to one. And that's good for a day trade. Now, what if you have a small account? Again, 700 shares, 700 shares. You could have made $182. What is wrong with $182? Nothing, questions. Any questions so far? So anyways, I do everything based on my golden gap rating system. I get up in the morning and I rate the gap. If the gap rates 20 points or more for the 26 point rating system, then I decide to look for the stock, watch it into the open and see how it sets up. I focused on between 930 and 10. I'm focused on between 930 and 1030, okay? So the focus is to make money. Make money, make money, make money. You have to take it, book it, take it, get out. Again, this is not long-term investing. This is chunking it out. Now, as I was saying earlier, one of the reasons why many people find day trading so hard is because they get lured into the money and then they lose focus. There's so many different stock symbols every day. They don't know what to look at. They don't know what to focus on. They don't know why. I call it conviction, but it's really the confidence. It's the confidence in the system itself and that helps me make the calls. But if you are interested in day trading, you have to understand this isn't investing. This isn't buy and hold. And very often, like I said, we're short. We're betting, you can call it betting, that the certain stocks that we trade are lower, okay? We're looking for the move. I call it the money move. You get in, you get out. You get in, you get out. And that's what I mean. It's fast. It could be in five minutes. You could have been in and out, even five minutes. You could have been in and out of the market in 15 minutes or you could have held the market all day. Sometimes things do go to the dream target, I call it. You never know. But I think that making money is very important. And so you have to be wise about your choices. You'll have another trade tomorrow. It's about taking more winners than losers. You wanna win more than you lose. If you win more than you lose, you'll be up, okay? I'm not crap about the market, but my conviction is trust in you. There we go. Now that's a good decision. Excellent. He's getting a round of applause tonight. And you're going to do very well. So part of it is that. And I think when you just kind of say, okay, well this girl knows what she's talking about, therefore I'm gonna do the trades. I mean, you really have to, if you're so new, okay, or you're new to gaps, even if you're not new to trading in the market, if you don't understand gap analysis, you have to just say, okay, I'm gonna just trust the process of life. And that's what you have to do. Okay, I created my own system. It took me more than three years. And I also have been doing this for a long time, 11 years. But it's 11 years just in one thing. You understand? One thing. And that is phenomenal. When you think about the fact that many people are doing tons of stuff, they're jacks of all trades out, maybe doing stuff for a longer than I'm alive. But to do one thing and nothing else for 11 years is pretty phenomenal. And that is part of the reason for my own success and why I read things so well. Like today I got up and I knew the market was lower, okay? But I still go through the process and I still rank the gap. Okay, any other questions? Any other questions so far? What was I gonna say? Okay, so if you're one to do this, okay, as something for serious as a career, okay, in your life, I say learn it. Again, start where you can. Set your goals. Where they wanna make $500 a day, $1,000 a day. And then you get to the point, okay, where you're doing it, doing it, doing it. And then all of a sudden, you'll be where you wanna be. But it's like you can't, it's like you're saying, it's like you're never, I'm just trying to come up with an analogy. It's like, okay, well, you never played tennis in your life before and you're like, well, I think I'm gonna play in the Wimbledon. I think that's the next, no, the, what's the first match of the year? The one in France. The first big, no, actually, the Australian match already happened in January. Well, it's in Wimbledon. You're like, well, I'm gonna try out for Wimbledon and you never played tennis in your life or you got a month to train. You have to be realistic, okay. And then when I say the word realistic, everybody gets, listen, the fact that it's even possible, realistically, that you could make several hundred thousand dollars in the market or even a million dollars in your life, in your lifetime, trading an hour a day and even from home. The fact that it's even possible at all is amazing. Okay, does that make sense? So, I mean, when you take your dreams and you coincide them with reality and real steps to create that reality as your life, that's where the magic happens. Okay, that's where the magic happens and it all comes to place. So, if you've been thinking about trading and you wanna do and you can email me if you wanna referral for a broker, but quite frankly, you can trade at any broker. If you are setting up an options account, you don't need a margin account. If you were doing a day trading account, you can do a retail account or you can do a prop account, okay. You can open up an active prop account with $2,500 and you can open up an options account with $2,000, okay, that will be non-margin. So, there's many places you can go as long as you have the charts and you can take the trains and put them on. I'd say if you're gonna actively day trade, you need a broker with a good short list, but there's so many places out there to be. We do not trade penny stocks. They don't have enough volume. They're not trading with institutional money. They're worthless. You're never gonna get rich doing that and again, that's another failed misconception. Another misconception that people are out there saying you get rich trading penny stocks. No, that's nonsense. This is, they're very risky, okay. Trained companies and things that you know. You know Apple, you know Boeing. You've heard of the S&P, you understand? Tiva maybe never heard of it, you can Google it. Trains with lots of volume, been around, okay. Any questions? So, when we're doing these and I call the entry, I may say 10 by 50, well that's 40 cents, but you have to know your share size is gonna be different at every trade. So, you say 10 by 50, 40 cents, we take 1,000 shares, you're risking what? 400 bucks. 2,000 shares, you're risking what? 800 bucks. So, the share quantity for every trade isn't the same, but your dollars and cents risk should be, okay. Your goal though should be to chunk it out. My class is $6,000. Your goal should not be where you're worried about paying off the cost of the class. You should be concerned and focused on winning and consistency and learning it and booking money. You will far exceed the cost of my class, which is $59.99, far exceed that if you follow the system and do it right and you're focused right out of the get-go. And again, you may have done things in the past that didn't work, you have to let it go. I don't think anyone's ever born and all of a sudden gets up and they start trading and making money in the market and most people take classes and don't learn what to do until they find the right person and they'll lead to the right person that tells them what they can do when they find that person and they follow that person and they learn from that person and hopefully that person becomes their mentor, okay. This was from Marty. Marty did the class, actually ended up doing the class. First he signed up for the options newsletter, then he made money and then he ended up doing the class and he's doing pretty well. So eventually Marty will start to day trade. He did do the class. I think he was surprised. He's one of many, many people who's been following me for a while and then finally signed up for something. There are no prerequisites for the options letter. A lot of people are transition, signed up for the letter, taken the options trades like I just talked about the first trade on the spy and then paid for the gap class but I do think it's important to learn first. I will always think that I think it helps your confidence definitely. So think about if this is for you, there are definitely pros and cons to trading. One of them is that you may have the challenge of again opening an account, having the money for that and paying for the cost of my services and my information in the class but the benefit is that this could turn into be something great for you and that's what risk is all about. You will never know unless you're willing to take risk. I have to laugh. I mean, I've had all kinds of people come out of the woodwork lately that have been following me for a long time, signing up for the options letter, signing up for the golden gap class this weekend. They've been following me for years. I've had people that some guy called me the other days and follow me since 2012. I almost fell off my chair. I remember talking to the guy seven years, seven years ago, I talked to the guy. I remembered him and I thought, oh my lanta. You know, if it took me this long to make decisions, I would not be at this point that I'm out of my life. I'm the kind of person to have a personality that I am very motivated and I'm an action taker and I don't take a long time to make decisions but I realize that people do. People sometimes take a long time to make decisions. I don't think that will ever serve you in life. I think when you're willing to take action and you're willing to trust your own judgment and you're willing to take risk in life, it can pay off for you. I don't think you're gonna get ahead unless you're willing to take risk in life and you definitely have to be willing to take risk in the market if you wanna make money, period. Whether it's a small amount of money or whether it's a big amount of money, you have to be willing to take risk. You're not gonna take any risk if you don't take the trades and the only way you can take the trades is with cash. I mean, I was telling a girlfriend the other day, I said, can you imagine if I had that type of personality, I'd never be where I am in my life? So think about it. You can go outside of your comfort zone a little bit. It's not gonna kill you, okay? So it's about financial freedom and doing it and you can work from home. So I teach a class, it's once a month, it's called the Golden Gap System. It's a 26-point professional bearish gap rating system. The purpose of this system is to help you evaluate your gap to trade each morning using a checklist. This checklist tells you what to trade, when and in what direction. The 26-point checklist predicts direction of bias and a stop, okay? NAD says you can be right about that but people probably aren't all that willing to change. Well, then I don't know how they're gonna get ahead in life, then they really are grabbing on to, then they really would rather drink the Kool-Aid but that's not gonna turn them into a successful person. And NAD, you've been following me probably since 2012, at least 2013. I recognize your name. I recognize your name, I recognize RS's name. I recognize some of your names here. You've been following me for four, five, six years, if not seven. I don't know what to say. If you don't wanna change, it's gonna be very difficult for you to have the life that you want because unless the life that you want is the life that you have right now, how are you ever gonna get it? You think if somebody's just gonna knock on the door and dump a bag of money into your house and just say, here you go, do, do, do, do, do. I mean, you have to go out and make things happen in your life if you want them to happen. And not only that, you have to have the right attitude. You have to be motivated to do it. People aren't gonna just give you opportunities and throw them in your lap. You gotta go out and you gotta create them. You have to create the opportunities yourself. And part of that is saying, you know what? I am willing to change. I want a better life. I'm tired of losing in the market, you say to yourself, I'm tired of the status quo. I'm tired of this job. This is annoying. They abuse me. They're using me. I don't make enough money and I work too many hours and I'm tired every night when I get home. I wanna work for myself. I wanna do something different. Whatever, whatever it happens to be, I don't know, I'm just saying those things. But I'm saying that no one knows but you. And if you are not willing to change, then you have no business whining if you're not happy with your life. And I say, suck it up and I guess be happy with the life that you have, you know? That's my two cents on that. So the golden gap checklist is what I teach in the class. So the class is called the golden gap course. The classroom May is May 18th and 19th, nine to five Eastern time, class of the class is 59.99. US dollars, the class is online. You can be anywhere in the world and take it, okay? Anyone of any questions about anything, anything and all so far, great lecture here today. Now let's check out the market very quickly here just to see what's going on. We're still down, we're not down crazy but we are down about 50 cents. Let me look at the queues. Whoa, where are, this, we are way more down. The queues look lower here tomorrow for sure. Look at that, any questions from anyone? If you want to try out of the trading room, email me at melissaatthestalkswitch.com for a trial for Tuesday through Friday, classes this weekend, deadlines Friday. If you want any more information, you can feel free to call me 9293200 gap. Does anyone have any questions? Good lecture tonight, NAB, I know you've been following me forever. In fact, let's look it up. Before I'm gonna, NAB, I am gonna look up and I'm gonna tell you, you just brought up an excellent point. I'm gonna tell you exactly how long you've been following me, just so you know. Do, do, do, do, do, what is today? Today is only Monday, gosh, why does it feel like Wednesday? I'm tired already, it's been a long day. NAB, I was right. You have been following me since March of 2013 and I started the business at the end of 2012. You have been following me almost since the beginning. Yep. So there you have it. Not sure what I could possibly say to you tonight. That would be any different of anything I've said for the last six and a half years. You've been following me now more than six years. March of 2013. Somehow you found me and signed it for my list. I knew I recognized your name and RS too. Oh you people make me laugh. You probably knew that without me telling you. Corn, I'm gonna email you after I just saw your note. Yeah, Kelekorn, I will email you. I will email you as soon as I hang up here. Listen, have a great night, everyone. Have a wonderful night. I will see you, some of you in the room tomorrow and Kelekorn will email you right back. Thanks, Kathy. You're welcome. Oh, I forgot one more thing. The Trends class. The Trends class, the deadline. Again, if you want to do the combo is the Friday, May 17th. You save $500. Everyone, we want to thank you for coming out to our online trade and special tonight. Kind of thanks to our host, Mr. Moston. Anyways, the Trends class, you can do as well with the combo 64.99. The deadline for this is Friday, May 17th. And then the May offer is signed up for the Golden Gap course by May 17th. You receive the Gap options, it was letter free through 1231.19. Same tuition price. This is a huge deal. I've had some huge calls in the letter. Again, $59.99, deadlines Friday, May 17th, okay? And again, no prerequisites for the options letter that's $49.99 a year. If you're interested in that, email me. But I'm telling you, to get the class and the options letter free to the end of the year is huge, okay? All right, have a great night everyone. You're welcome.