 Good evening everyone and welcome to today's webinar hosted by TraderPlimet.com. Earn 1,000 per day trading with institutional money moves. This is Darla Tuttle and I'll be serving as your host for today's session. The information conveyed in today's presentation is for informational purposes only. It is not a recommendation to buy or sell any trading instrument and the opinions given by our presenter may change without notice at any time. Please also be aware that trading involves substantial risk of loss and therefore may not be suitable for all investors and past performance is not indicative of future results. We are recording this session and will be publishing the recording to TraderPlimet.com tomorrow so you will be able to review the presentation again at your convenience. We've also made arrangements with the presenter to set aside time at the end of the lecture for questions. If you have questions kindly type them within the questions pane so she will have one location to check for your inquiries. Our guest presenter Melissa Armo founded the Stock Swoosh LLC in December of 2012. The Stock Swoosh LLC is an educational firm that empowers traders with a complete and detailed system to become profitable. Melissa Armo graduated magna cum laude from Gettysburg College with a BA in philosophy and a minor in Latin and political science in 1994. She was employed for several banks and brokers in Pennsylvania, Florida, Arizona and New York as a mortgage broker for 17 years. She changed careers from banking to pursue a security trading career in 2008. A self-taught day trader with seven years of experience, Melissa's specialty is a trading strategy that focuses on shorting stocks that gap. It is now my pleasure to introduce Melissa Armo, founder of the Stock Swoosh LLC. Thank you TraderPlanet for having me today. Welcome! It's a beautiful gorgeous summer day. I'm glad to be here today to lecture to everyone and hopefully you will learn something today. As Darla said, my name is Melissa Armo and I own a company called the Stock Swoosh LLC. And today I'm going to talk about learning how to trade on the side of institutional money. And really it is about following my lead because I trade actively. I trade money Tuesday, Wednesday, Thursday, Friday. I am a day trader. Many people hear day trade but the strategy that I do every day can be used for day trading and also for swing trading or poor trading. Now the thousand dollars a day though, again I'm talking specifically about making money as a day trader. So if you have any questions you can reach out and email me after the webinar at Melissa at the stockswoosh.com. I own my own company and I started trading gosh at the end of 2008. It's been seven years now that I've been trading which it's hard to believe or ever think about my life before I traded. I really, really love the market. And we're going to talk today about day trading. So maybe you've thought about day trading in the past and you've wanted to make money day trading but you've never really sat down and seriously thought about doing as a career. When I was doing mortgages, I was making good money and I was doing mortgages for a long time and then all of a sudden in 2007 and 2008 the mortgage industry changed. And I had to find another career. And the fact is that you can make a career out of day trading. The nice thing about it is that I trade very quickly in the morning. I'm trading in the morning time frame. And the reason that that is important is because that is when institutions are putting positions on in the market into the open and then also taking them off. So if you find that specific time frame to trade, you really can make a career out of day trading. It's just that many, many people tend to go into the market and train and they start trading at 9.30 and then they're done at 4 o'clock. And they think of it like a job where you clock in and clock out like the time of the market. I don't think of my job as a day trader like that. I think of my job as a day trader to go into the market to look for a move that an institution is going to make in a stock. And then take the trade in that stock on the day and then stop and then be completely done. If you've never thought of trading like this or you are trading now and something's not working for you or if you're even losing money in the market, you can always move forward. This is never too late. This guy here is stuck in this box but he doesn't have to stay stuck in this box. And I find when I talk to people and I can relate to them because when I started out trading too, I didn't have a specific strategy. I was all over the place and I was losing too. And I lost money until I figured out what I know now but know that it's never too late. As long as you have your mind and a still a passion for trading the market and not only that, a motivation for possibly finding another career which I had because my industry and doing mortgages was crumbling. If you've got those things, it's never too late and you can do it. So you really have to stop kind of the trading insanity I call it where people just trade and trade and trade all day and they're fighting stocks and they're paying all these commissions out to brokers because they're over trading. I always say, you know, let the market give it to you. Don't fight it. Like sometimes I take a trade and if it doesn't work and then I take a stop and then I'm down then that's it. Then I'm done. Taking one stop and one trade should never damage your week. Okay. And you can always get up tomorrow and then have a great trade. I find that traders keep trading trading and then they add up these losses and they go on these losing streaks and it really mentally. Just it actually takes more of a toll on you mentally than it does even financially. So you've got to kind of just relax and situate yourself and figure out where do I go from here? Okay. If you're in this situation like this guy here, just take a break. And summer's a good time actually to just kind of step back and look at things and be a little more relaxed. You know, people tend to be more relaxed in the summer. But the time is now if you really want to change because you still have six more months left in the year. Okay. Six more good trading months left in the year. So if you're motivated and you want to do this and you want to figure this trading thing out, it is not too late. And even if it sounds like it's too good to be true to make $1,000 a day trading then stop and think again because it's really not. Billions of dollars run through the market daily. So earning $1,000 a day as a day trader is just a small teeny weeny piece of what the market offers on a daily basis. And day trading is a very profitable way to trade. And after you book the money it's yours. It is a highly lucrative and expeditious manner to trade and profit. And you're also not at risk for that law. And the thing is I'm in and I'm out. So I'm really less at risk than even people that are doing overnight. Because of the fact that, you know, I know that I'm out and I've got my money on the day. And even if the trade doesn't work I know exactly what my loss is on the day. It's not like you're carrying it through. Okay. The worst thing people can do and I've seen people do this. They take a day trade. It doesn't work out. It's not working out. They actually hold the day trade overnight and then it turns into a bigger loss. Don't ever do that. That's like a disastrous, okay. Because even a small loss could turn into big loss if you do something like that. And if the trade didn't work on the day, then it's probably not right and will not work the next day through. Okay. So keep that in mind. But anyways, as I was saying, summer is a great time to trade the strategy that I trade because I'm looking at what institutions are doing in the morning. And I'm literally done within the first hour of the day. So I live on Eastern Times and I live in New York City. And so at 1030, I'm usually done. And I have the whole day to myself. And no matter what time zone you live in, to be able to only trade and work an hour and hour and a half a day is a very nice lifestyle. This is your career. So how can you do it? Well, the number one key ingredient to becoming successful as a day trader is having a specific strategy that can offer you reliable and consistent profits on a regular basis. Now, let's talk about this. What I found is that a lot of people when I talk to them don't have a strategy. They think they do, but they don't. So I say to someone, what's your strategy? They say, well, I buy support and I short resistance. Buying support and shorting resistance is not a strategy. It's actually a play. You could enter a trade on support. That would be a trade entry. Or you could enter a trade into resistance as a short. That's a trade entry, but that's not a strategy. So there's a difference. So what I'm going to talk about today is a strategy. Then there's trade setups. I'll tell you some of this today, but it's the strategies, the foundation. And this is where the institutional money piece comes into it. But it really has to do with having a niche and a plan of action of how you're going to proceed with that. If you want to trade like everyone else out there, then your results will be like everyone else. And ultimately you've got to have this edge. You've got to be able to do something different, see something different and have a unique skill. And I've created a method. Now it did take me three years to create the method that I trade now. And I lost money while doing that, but I did figure it out. And now I trade for a living. And I've been trading like this for years. And I also teach people how to do it. So as someone speaking from experience, I'm telling you that you can do it. And the nice thing is that you can do it from anywhere in the world. You could be online. You need a brokerage account and a computer and you can trade. You don't have to have millions of dollars to trade. I was talking to a gentleman last week on Friday who invests high net worth individuals. He invests people's money. And what he does is so much more complicated than what I do. And the beauty about what I do is I have control in the positions I take. I mean, like I could take a trade and put in a stop. That man, when he invests people's money, can't take a position for a client and put in a stop. You see the difference? So we really have everything on our side. We can play on the side of institutions as day traders. We can use stops to control our risk. We can take the money in and out quickly on the day. And we can also take the money out of our account if we wanted the day, if you really want to take your profits. If you make, you know, $1,000 today or $1,500 tomorrow, if you want to take it out, you just call a broker and you can take it out. I mean, where can you get paid in the same day that you make money? Unless you're like a waitress or bartender, but you're never going to make this kind of money. Not even in a restaurant in New York. So one reason, okay, that I do so well is that I have this strategy and it gives me an edge. It's one of the reasons that I've been able to read the market so well. This is a chart of the spy from a couple days ago. The spy is higher. I mean, I don't know if anyone saw the market today. I didn't see exactly how we closed, but I've called the market long every day this week and it's worked. And how did I know that? Because the market actually gapped. And that's the strategy that I trade and we're going to talk about today. I trade gaps. And the market gapped every day in the last week and rallied. And so the market actually gapped down. Now this was like the other week, on this Greece thing, the market gapped down. And sometimes there's a reason for a gap and sometimes it just gaps. This is again the chart of the spy, ETF. But I knew when this happened that on the day it was a short, but it wasn't an institutional short, meaning in the long term, we could over this and we did exactly that this week. And I knew we'd also make a new high, which if we didn't close today with a new high, we will. Now let me just look here at some questions. Actually, I don't know how to pull this down. Let me see it. You know, let me blow it up. Hold on, because I'm going to pull it down. How much buying power does one need to have on the day? I'll quickly answer these couple of questions here. If you want to actively trade, and I'm giving an estimation here, I'm just going to give you a number. To consistently make this kind of money, I would say you would need 100,000 in buying power. So it depends if you have a retail account or a prop account. There's different types of brokers. Now that's not 100,000 cash, that's 100,000 in buying power. For example, you can open up a proprietary day trading account with $5,000 cash and get 100,000 in buying power in many places. I'm not saying you need 100,000 in buying power, but if you want to know how much you want, you need to have to make 1,000 consistently. I would say that's a good amount. All right, there we go. Somebody told me the close of the futures. So why isn't Edge important? Because it helps you work smarter, not harder. And again, this is how you put yourself out in front. It's very different than my mortgage job. It was like I worked so hard at that job, and I did very well at it, but this is completely different. And it really was hard for me at the beginning, because I did trade for the first, I'd say, two years until four o'clock every day, until it finally sunk in to stop doing that insanity. And I was making money in the morning and giving it back in the afternoon. And making money in the morning and giving it back in the afternoon, and it was insane. It was almost like the harder I worked, the less I'd make. And that's the weird thing about day trading. I'm just telling you, that is a weird thing about day trading. So it has to do with having an Edge and being really smart, okay? And you are smart. If you're here, you're smart enough to know to be on Trader Planet's list, to find me. You just have to learn what that thing is that you have to do to go in there so you don't have to work as hard, but you do have to be smart, okay? Now, reading institutional money really gives you an Edge. And here's an example, this is Michael Kors. Michael Kors, I call this the swinging trade. I also day traded this, but I knew the day I day traded this was an overnight. Look at the move that Michael Kors has had. So Michael Kors actually was trading the one night, this is way back in May, and closed around $60 and the next day it gapped down. So now I'm going to go over what a gap is, okay? A stock gaps when the closing price today, which is at 4 o'clock Eastern time with the close of the U.S. market, and then it opens at a different price the next day. So here it opened at 9.30. Whatever the price was at the open, 48 something, I think it was. The size of the gap will vary. It could be small, it could be medium, it could be large, it doesn't matter, but the fact is this gap. So then I try to find these and I scan for these and I have a method then to qualify them and I read them. And then that tells me whether or not this is really a good one or not to not do anything with Michael Kors. And it also tells me what to do with directional bias. Is an institution going to do anything with Michael Kors? Are they going to buy it? Are they going to short it? Are they going to do nothing with it? And that's the method I developed. So in the case of the day here this was a short and it also went so literally from the day before the gap. Look at this. So this is the night before the gap in Kors. This is actually at earnings here. Literally, this stock has lost $20 almost in value. So it was worth $60 and it hasn't lost 50% of its value but it's really getting close. It's like 40 some percent of its value or 30, 35 percent of its value. This is really getting pummeled. So here's a good example of institutional money in a stock. So it really can be easy to make money in the market if you know what to do. It just doesn't have to be hard but you do have to know what to do. You have to know when to do it. Which I'm telling you is in the morning when the institutions are taking their positions and you also have to have a focus. So how can you make $1,000 a day trading? Focus. Just like you get up in the morning I have a cup of coffee every morning. Sometimes I have two. That caffeine helps me get alert. Awake, I have a routine. I focus. Now, this was another trade. Here we're going to talk about before I was looking at the daily chart of Michael Kors. This is a one-minute chart. Okay. So I'm on a one-minute timeframe. You can go down here and see the time. Over here is the moving price. This is QLGC. This is a trade I did the other day. We'll go over this in the seminar except for the fact that I just want to show you on a one-minute chart what a gap looks like. Same concept, same principle. Whether it's on the daily or the one-minute, the stock's still gapped. What is the gap? The gap is the strategy. Okay. So that's the strategy. Not the entry or the play. That's just the strategy. So the entry I take on the one-minute chart, which is in here. We're going to talk about it. But I just want to show you this is still gapping. So here was the close the night before at 4 o'clock. We're closed up here. Actually the clock is in front of it here. Around 13 something and then it came down here and opened around 11 something. So this gapped down. Okay. So the strategy's there. Boom. You've got it. And you have to figure out now is an institution going to buy QLGC, short it, or do nothing with it? But you have the gap. Okay. So what is the strategy? As I was saying, it's gaps. And I called my system golden gaps because they're really gaps that are high quality gaps. Okay. Because they pinpoint what the large institutional money is doing. That is what makes the gap. The professional gaps that happen and play out in stocks are formed by one thing and one thing only large institutional money. Therefore you need a way that will help you pick the correct direction to play the gap and confirm that the large money will flow with it by having a formula to rate and qualify the gap. You get confirmation and then conviction that the large institutional money is on your side and then you play it. And this is how I've been able to call the market. In other words, when I was reading the market and the market had the gap down the other week, I didn't see the institution selling in that gap, in the quality of the gap, even though it was a gap down. So I knew that the power of the side of the strength was still on the side of the bulls for the market, which has proven itself this week. Okay. So gaps are an event and they create a sense of urgency. Thus an action is being forced by participants of the stock. This is why gap trading is incredibly powerful. And so trading gaps is a powerful and profitable way to trade on the side of power money. And power money really is institutional money. Okay. So it's really, really important to, if you're a trader, to almost go in like you're a hunter or something, like you're hunting into the night and you're trying to find your food. Okay. You're trying to find your food and you have to get your food for the evening. You got to go in and get it really quickly. And that's what you do. Sometimes you're in it and you get the food really quickly in five minutes, the thousand dollars for your food. Or sometimes it takes you 15 minutes. Sometimes it takes you an hour. But you're still in there to get the food for the day as quick as you can. Ideally way, way quick, meaning way before four o'clock. Okay. So what do I mean by institutional money? Again, it's money that's made by banks and hedge funds. Okay. So really banks and hedge funds move the market. Like I was saying, I had talked to this, this man that invests people's money. Okay. What he does is very, very different than what I do. He will research companies, look at the fundamentals, read the earnings reports, and then he'll determine if he wants to get into a stock or exit a stock. I don't do any of that. Everything that I do is based on technical analysis. And it's advanced technical analysis. Okay. So fundamental research is done by institutions. So I don't have to do it. So you don't have to do it. It saves me time. What I'm doing is the price analysis of what the stock is doing right now. Because as a day trader, I have to make money right now. I don't have a lot of time to mess around or wait for the thing to go. I've got to be able to get the directional bias correct, pick the right stock that's going to move, that I can make money and take the trade at the right time with the right setup and get out. I have to be that exact consistently to be able to make money for a living doing this. And this is where I'm telling you, you take it seriously. Okay. This is no like willy-nilly about it. I'm like very, very serious about what I do and I'm very, very serious about my trading. And that's how I become successful. Okay. So it can't be like, well, maybe this one or maybe that one. No. Okay. It has to be like 100% conviction. You're taking this one. It's a good one. You're doing it. And you have a method to pick it and you're looking for the institutions. So you don't have to worry about the other stuff. And it actually makes it easier for you because you're looking at what the price is doing right now. So reading institutional money really counts. And I had clipped this from today. This is the QQQ ETF. As you see here, this is not an all-time high for the Qs, but it's a recent high that the Qs made today. And many, many people were short this market. Why? Because it did a double triple quadruple top in here. The market's really been basing. To me, it's bullish. But I know a lot of people above the market was a neutral, a neutral slash bearish for the whole years since February, but it isn't. And it wasn't. And yes, we did have this fall-off and drop-off that happened in here in the beginning of what was the end of June, the beginning of July. But we continued. We continued. We made a new recent high today. So reading institutional money counts because you don't get trapped in this kind of stuff where you're shorting the resistance or the double triple top thinking that the market's done, which a lot of people thought even with the grease. And I remember people asking me and calling me and emailing me about this thing here. And I was like, they're like, oh, we're having a huge gap down. And I remember looking at it. I was like, this is nothing. And it's so funny because traders really tended to exaggerate things. I didn't look at this as bearish at all. Well, I don't know what the queue's traded at. I'll look at that later where we closed. So how do you make $1,000 a day training? You focus on one strategy. So what is my strategy, golden gaps? Pick the best golden gap possible each day. So how do I do it? I have a point reading system. It is a 26-point reading system. And that's what tells me what to watch. You need to use a risk amount for a trade of between $400 and $500 a day if you want to make this amount consistently, which is $1,000 a day. Could you risk yes? Of course. But then you're not going to make $1,000 a day. So I'm giving this range here so you know if you want to hit this goal. You take an entry on the one-minute chart in the best qualified golden gap. And then you also do not trade when there are no good gaps. And sometimes there are days when you should not do anything when the market's choppy and there isn't anything that qualifies meeting your parameters. So again here, typically you would want to look at a $500 risk unit. So this R means a risk unit. So if you make three risk units, that's $1,500 in the low end. This is what you're shooting for every day. Some days you get $1,000, some days you get $1,500, some days you get $1,700. This is a range. Like if you take a trade and your goal is $1,500 a day and you make $1,400, you're not taking another trade. You know what I mean? You have to be reasonable. It's common sense. Anyway, $6 is in the medium end if it goes to another bigger target and then obviously $10, when the stocks go to the dream target, if you risk $500 a day, $10 is five grand. So if you make $1,000 a day, you would average approximately $20 grand a month. Some days in there you'll make more than $1,000 and some days you won't trade. So this is an average or approximately about $240 a year. And this is enough to make a living for most people at least that live in the U.S. Okay? So you really, really want to be focused. Number one, you want to be focused. Number two, you want to do one strategy. Number three, you want to pick one direction to play. I always do shorts. That's not to say I never go long, but I prefer to short. I only go long if I don't have a good short. In fact, I've called the market long the last week and some people in the room have done it, but I haven't because I was in a short. But you could have gone long the market this week. Every day on my call I made money in a short gap with me, but I prefer the shorts. Also you need to know number four how to take the entry. Okay? These are very critical elements. They have to be with you. If you can get these critical pieces down, then you can make more than $1,000 today. And you can also risk more than $500 in the trade. Okay? So the system I use is a rating system. It's a checklist. I just go off and I check it, check it, check it, check it, check it. And that's how I pinpoint where the institutions are getting in or out to determine if it's a long or short. Okay? So the rating system really measures the gap on the daily chart. Okay? But then I play it on the one minute. And the rating system tells me, number one, a high probability of directional bias for the entire day. What stock's going to have a big move on the day? Because again, I'm trading stocks in the U.S. market. You can use it for ETS. It also gives me early confirmation of the bias, which I want. Guess what? Because if I don't get early confirmation of the bias, then the move isn't going to be made by an institution. Listen, this is very important. This is why. If you don't get set up by 10, you don't do anything. You don't even waste your bullets. Okay? I've got to get the early confirmation. Because if I don't get that early confirmation, it's off. That I'm not doing anything. That it's not going to work or I go to another pit. Because the institutions have situated before the open what they're going to do. They're not going to just say, oh, take a trade-up 12, 13 in the afternoon. That's not how it works. Now, I'm not saying they won't take more in a position later in the day. If they've already chosen to get into something in a gap. But I'm saying they're not going to not play it off and then jump in in early afternoon. It doesn't work like that. Okay? So I want the confirmation in the morning early. Because that's when the activity happens where it's like imprinted into the gap by an institution. That's how they do it. Okay? This is what I just said was very important. I don't know if anyone's listening to me, but what I just said was really, really important. Okay? Like you could take that information and use that to trade tomorrow. What I just said. I just taught you something there. It's like priceless. All right? This is how the market works. All right. Precise entries with follow-through and a good risk to reward target potential. Very, very important to have risk to reward. Some days it'll be one. Some days it'll be two. Some days it'll be three. But I'm shooting for three every day. You just don't know if the stock is going to go to the target or not. Now, I was saying about following my lead. It's important to have a mentor to follow. I do have a live trading room. I do call out the trades live exactly as I'm taking them and where the stop is and when I'm getting out. And I have the targets and everything in the room before we even trade and the top picks. I only allow people to join the trading room who have trained with me and taken the class. So, it's one of those things if you really are serious about doing it. You know, I'm mentoring people and people are doing well with me. But I think it makes it easier if you have a mentor. If you don't have a mentor you can read books. You can watch videos. You can go to webinars. But it's challenging if you don't have a person 101 to ask questions to because everybody has questions. I mean, really everyone has questions when they're learning something they're learning something to trade. And also success is contagious. So if you have a mentor that's doing well trading successfully calling good trades, making money it actually helps to push you along. It helps you to be motivated to know that a person is doing it that you can implement the strategy like that and do it as well yourself because you're a person too and I'm a person too. Okay? And we're all in this together. So, trading to make $1,000 a day for profit is something that's doable if you have a plan of action. All right? Now, let's look at some trades. I'll try to get to the questions here at the end so we can get through this, everyone. I do see there's some questions. Let me get through some of these things and then I will answer them. I promise. Let's go to QLGC. Well, I did show you the one-minute chart on that. We're going to look at it again. But let's just go to the daily. So I get up in the morning and I am looking for to see what is happening in this stock. This could be anything but this was the QLGC. It closed up here the night before around $14 and gapped down in the morning here around $11 in some sense. So I say, okay, something's going on with this. And then I rate it per my 26-point rating system and that tells me whether this is a short, a long, or no play. Nothing to do with it, okay? And I'm trying to figure out if an institution is going to do something with this thing because if they're not, then I'm not going to do anything with it. And if they're going to do something that I want to do something with it because I want to make money, okay? Because every day I want to make money and there's opportunity in the market. And there's opportunity in the market a lot, okay? But the opportunity really comes from institutions. So I rated this gap and it was a good short and I read that it was going to get sold off. So here it is, QLGC. Now we're on the one-minute chart. The stock opened, tried to go lower, rallied, broke, dropped, fell through the low, rallied back, face, face, face, and dropped again. Now this was a trade that I actually was in for like an hour which is a long time for me because I'm usually in and out in a few minutes, but here was the price of the entry, $11.16. Risk was 35 cents. 4,500 shares was my risk. So this is an advanced risk by the way, okay? This is how much I risk and I put in a stop. So if the trade, let's go back, had gone over this area where I had to stop, I would have been out and my risk would have been contained, okay? And again, this is an advanced risk because I'm trading for seven years. Exit is $10.84, total profit 14.14. So this one didn't really get to the bigger target and it did have a big stop, but I still made money on the day and I got the direction right and I was in and out with it an hour. Boom, my day is done, okay? So here you have it and the drop. And again, sometimes I take a trade and I'm out in five minutes. I wanted to give this a chance. I was giving in a chance and actually this just didn't go to the main target, but I still made money on the day, okay? And any day you can make a common day as far as I'm concerned is a profitable day. By common day I mean anything with a common indie profit, okay? So here's my P&L. That's the money I made in that stock on the day. I wouldn't always ask, you know, I'm a day trader, I trade. I cannot tell you how great it is to be able to make this kind of money and not just have to work from home. I mean, I can't tell you what it's like that I roll out of bed, you know, can trade in my pajamas if I want to, which I don't, because I run the room and I wouldn't sit in front of the room and run the room in my pajamas. I wouldn't feel serious, but I could if I wanted to, it's a point. And to make this kind of money in an hour and have the entire rest of the day to myself and live in New York City. I mean, this is a dream job of being able to do it. So this is why I'm telling you, you know, you just got to situate yourself with some plan of action to do it because you can do it. I'm doing it, all right? And I've been doing it for seven years, although at the beginning I was losing though I figured this out. Now I know what to do. And now I know what to do. And now I'll always know what to do, okay? So you get to the point where you go through this journey and then you finally get past it is when what? When you find someone that knows how to trade that can mentor you or you figure out a strategy yourself in the market that works. But I know a lot of people don't even know what a strategy is. And that's what I'm talking about. Or they don't have one that works and it can be hard. I mean, I know it can be hard because the market will take money from you if you're trying to figure out something on your own until you figure it out. And as managers, people go through and demos and they say they were paper trading. As far as I'm concerned, it's a waste of time. I never paper traded in my life. I might have paper traded the first day I ever used my account just to figure out how to press the button and then that was it. I tried to live money since the day I started trading except for the fact that I pressed the button. And even the first day I'd buy to press the button when I was figuring it out, you really have to trade live money to know what it feels like, to know the exhilaration and the passion of making that kind of money quick and then also to know what it feels like to lose. And that gives you the weightiness and the experience of doing it. You don't get anywhere trading on a demo. All right, let's go to the next one here. This is ASNA. This closed up here the night before around 1630 something and gapped down. So I look at the gap in ASNA and I'm trying to determine if this is a long or short. And a lot of traders might have thought to buy this on the day because it gapped down to the support on the 200 premium moving average. But I have my rating system and the rating system said, no, wait a minute Melissa, this is a short. And I can short this because an institution is going to come in and sell this stock today and therefore I'm making money betting that the stock will go down. So when you short something you bet that the price is going to go lower on the day when you get in the short. And the only way a stock can go lower is through selling action or shorting action. So this was a short. Now let's look at the ASNA trade. This was a short here. Very quickly I got in this one. Right away it's 931 and it dropped. This one went and was done by 1015 and went a little bit more than the QLGC. Price of the entry was 1425 stop is 1450, the risk was 25 cents. If you short 6000 shares of this it's a $1500 risk. Again this is an advanced risk. I piecemealed out the exit which sometimes I do, sometimes I don't but in the case of this it was a little jerky. So I got out of half at this price and half at this price. And there you have it. So time and trade was 45 minutes. Okay, let's look at it. So I got in and again you can play it down in the full target but I chunked it out because it dropped and then I got out of half and then boom. And then that's what I did. And again you're looking at time of day here. Again you want to see and move the institution between 930 and 10 which is exactly what happened. And how did I know to take this trade in the one minute chart because of the gap and because the rating system told me the 26 point rating system told me as it was a short, not a long. Even though a lot of traders probably thought this was a long and that's probably why you saw some of this action going on in here. Okay. But traders don't move stocks in the way that institutions do. You make money being on the side of the institutions. Okay. Now let's talk about some beginner and intermediate risks. Like if you want to make just, you just want to risk a small amount as a beginner. You're just starting out or an intermediate risk of four to 500 a day. This was another one here. Again this is a gap. This is VNCE. This just was this week. The stock closed up here the night before and then it gaped down. So here it closed in the 13th and here it gaped down in the 14th. So you get up in the morning and you're trying to figure out what to do with this stock. Do you buy it or short it? Okay. It was a short. So again we find the strategy in the daily. Then we look at the one minute chart. Once the market opens I don't get in the pre-market. The stock opens in rallies and here's the short. Boom. And in this case this actually went right to the target in five minutes. Now sometimes this happens. Sometimes this happens actually that happened in the play today. The stock went to the target almost immediately. That can happen. Why? Because when a sell-off comes in into the open it could dump it down and push it right into the number. Like this is all money in here. This is a 50 cent move. And then that's it your day. It's completely done. So the price of the inch was $9.99. Stop was $10.15. This risk was $0.16. So if you're a beginner trader you could risk $160. Take a thousand shares. Exit at $9.50 you would make $490. This is a nice trade. Again I'm talking beginner. And it's in four minutes. That's fantastic. Okay. And if you're just starting out this is very reasonable. Now in intermediate which is where you want to be if you want to make $1,000 a day at least you want to be either from intermediate to advanced you don't want to be a beginner. Beginner person is not making $1,000 a day. You've got to be in the intermediate range or advanced to make $1,000 a more day. So this guy here is an intermediate. He took 3,500 shares of VNCE and actually wouldn't have even needed anywhere near $100,000 in buying power for that. Here let's just figure it out really quickly. Well it's roughly, let's just figure $10. You would have needed approximately $35,000 in buying power. So you wouldn't, I mean I just gave your ruffy when I said $100. This would have required $35,000 in BP with a $560 risk. I knew what I made $1,700 in 4 minutes. I have a range of stocks I trade as far as the price points. The range of the price points I trade varies. I really don't do anything under $2. Most stocks I trade are between 5, I'd say in 65 bucks. It's not like I'll never trade something expensive but I'm not every single solitary day. Those very expensive stocks have very wide stops and very wide spreads. So I mean that's pretty much the range of the price points that I trade in. But I do take size. So can you do swing trades using the Golden Gap and find institutional money? Yes, you can. But not every Golden Gap actually has the ability to go where you could go and hold something for years and years and years and years. Now I will tell you if you're looking to do long-term investing which is not swing trading but long-term investing you can do that in some of these gaps. So some of them are daily gaps that you could follow through swing trades but in some of them you could be in for years. Okay, who knows with that Michael Horst? One of them that you could have been in for years was Netflix. Okay. Netflix really has been has just had an amazing move and everything's changed with that now since last night with what they did with the stock but this was the chart before that and I did call Netflix as a swing trade and it actually was also a beautiful bullish gap. You could have bought Netflix here on the live day and also did it as a swing trade and here I mean there were many days you could have gone long Netflix in here in golden gaps and it was a good swing trade. The call I made actually though on a swing trade in Netflix was in January way back in January and this is way before anyone was talking about anything with stock split or anything the entry was $415 the stock was 380 so the risk was $35 now this is a swing trade okay. The target really was 750 but it got to 716 the dream target was 750 and then it never got there because they announced the split but it did rally all the way up to 716 at one point in the last week so if you had taken this January swing trade call if you had taken this I called it in the room and I also called it as a swing trade in the letter you could have made $30,000 with a hundred shares of that. That's phenomenal but that is the power of institutional money in a stock if you had taken 500 shares you would have had to have the wherewithal to do it an account to do it but you could have actually it's not that much because you're still doing with this buying power although it's two to one in an overnight and obviously if you've got real money and you could have taken a thousand shares of Netflix you could have made $301,000 it had a 73% move from the swing trade call I just gave in January that's you know this is the power of institutions in what I know in moving stocks so what I'm telling you is if you get in the right stock pick that pinpoints what the institution is doing the sky is the limit with what you can do as far as the money you could make not just in day trading but swing trading or long-term investing because when you're playing with the side of that power of institutions the sky is the limit because if they're moving the stock all you have to do is sit back and just make money I mean it's literally that easy but you have to have a way which is your edge to pinpoint which stock is going to make the move that an institution is going to make in it and you also have to know the directional buy is correct and then you also have to get out okay you have to get out when you're up the money you have to know where that is so it really the system gives you a high success rate and that's ultimately what you want so if you're looking to make around $5,000 a week you have opportunity gaps to do the momentum that comes into them okay it's really day trades about chunking it out chunking it out like let's just say you take two trades and you make $5,000 in two trades you could just stop for the week if you want your goal is me okay again it's less is more in reference to trading with the market this idea of a trading doesn't make sense I take one or two trades a day and actually I just talked about this in the room this morning I don't think I'm ever taking more than two trades a day again I'm just not either take one trade and I'm done or I might take two trades that's it and it's rare that I even take two trades okay but it's really about the quality quality quality quality what your trading account should look like is this it should go up directional curve up upwards for the money is piling up to the right okay you're making more and more and more and more and more and more every day so it can be done it's just that you've got to learn what to do and I think a lot of people you know they get excited about trading and they're in the market and they're pressing the buttons and their keyboard and their platforms and they're taking this trade focusing on the quality so I teach a class and then I'll answer questions here the Golden Gap course is the name of my course it is a 26 point reading system and it's used to find the best stock to trade each day the course also teaches you how to enter next to the stock on the day it teaches you price analysis and technical analysis on an advanced level and the course teaches a more proficient way to read support and resistance and charts correctly which a lot of people don't know how to do and the course and really the reigning system helps you achieve your goals because it is strategic and focused and it's very critical to have some of these elements and pieces because you've got to give yourself an edge if you want to get out there and make money so I am empowering people to trade the market through my system it is a full two-day course on how to strategically find pick-and-play stocks that are professional bearish gaps as I said I like to short retakes are free the class is online you can be anywhere in the world and take it July 25th and 26th from 9 a.m. to 5 p.m. Eastern time cost of the class is $34.99 so it's not this weekend it's the following weekend you can email me at Melissa at the stockswish.com if you would like to sign up I am doing a special for everyone that came to this webinar I've never done this before I wanted to give something really great for Darla's people for Trader Planet if you sign up by Sunday four days away July 19th you will sign up for the Golden Gap class you will get the Entries class for free free another whole class I do which costs almost $1500 I will give this for free to anyone that signs up for the Golden Gap course new students by 5 o'clock July 19th this is really a great deal okay and this Entries class is an advanced class I teach the entries in the Golden Gap course but I teach how to do ads I teach how to deal with entries they really really do and I'm really good at that and this again I do this all in the one minute chart but that's how you get the precision to use something to take 6000 shares of the 10 cent stock or 5000 shares of the 15 cent stock it's the precision that I'm getting when I'm reading the numbers of my entries that I'm able to take that much size and put a stop somewhere that I know is not going to go over it unless it fails and if it fails I want to be out of it because again I want to learn today okay this was another trade from the other day I just put in here with the entry another nice short and as I said I do have a live trading room it's open every day from 8 30 to 11 a.m. Eastern time the live trading room is something you can only sign up for if you take the Golden Gap class and I do this because I want people there that are serious about the trading I really want to learn and as you know you know trading is something where you got to be serious about it if you want to make money all the trades you can do this for a career you can make a thousand dollars a day but you have to be very specific with what you do and why wouldn't you be I mean it's like common sense again it's like if I said to you well you'd have to be very specific if you want to make that why wouldn't you then you know that's what's so hilarious when I talk to people and they're just like all over the place I'm like well how do you expect to make any money it's like do you really think you're going to make any money doing like that I mean it's you're going to make money if you're trading the stock in the opposite direction the institutions you're going to lose common sense common sense says if you over trade you're going to lose common sense says if you can find quality you're going to make money common sense says if you take size you're going to make more and how do you take size and how do you take more risk well you got to know what you're doing okay and that's me I just plopped it in there because I had that professional picture alright let's look at the questions here let's open it up alright let me just open everything up here to the questions okay alright let me try to scroll back to all the things we become members is there any way we can follow you step by step with these trades yes in live time I'm going to say 10 by 25 boom and you're going to see the stock and I have it up and I talk about it all morning so you know I like ASNA ASNA whatever I say and I'm going to say you're taking it out and you're taking it out in the in live time it's so easy to follow me I'm I'm the easiest person to follow I know what I wanted to say a friend of mine is in another room he's in another room and he listens he said they called 65 plays last week and I think I guess I called five or six or something he said and I almost fell off my chair 65 plays how can you even follow a room that calls 65 plays in a week even if that room is making money how could you possibly do all the trades and follow them you couldn't it would be impossible do you see what I mean what I'm doing is what I'm doing is unique my room is unique I only call one or two trades a day I close at 11 o'clock I don't trade in the afternoon I'm in charge I'm the only one that talks I'm the only one that communicates with everybody in the room I'm the one that's making decisions what we're trading I'm focusing only on shorts I mean I am that I am that smiley guy there in that group of people because my room is unique my class is unique I mean I would not be making money in the market if I did 65 trades a week that's insane okay and if you're in a room like that I don't know what to tell you um let's go back here one trade per day if I take two it's because I'm in love with something you're learning now and this is what you're striving for excellent quality quality quality it's just like if I'm gonna get married which I'm single right now but if I'm gonna get married I'm gonna get married one time I would have always got married one time quality I want a quality man that's it okay one is all you need one good trade one good man are you looking at order flow to determine direction no I look at volume but not order flow you lost sound does everybody have sound do I use a scanner to find gaps just a scanner on my platform not a separate scanner I don't have to pay for a separate scanner if that's what you mean yes you can have a free one week trading room trial like that does it take the rating system to rate the gap you mean well it doesn't take me long because I've been doing it obviously for a long time if you're brand brand new I give an average between 5 and 8 minutes per gap but you make a small watch list and you rate them so it's not like you're rating 1000 things every morning do you know what I mean like it's hard to go into it now it's like too much detail but the bottom line is you make a small watch list in the morning so you have the couple of them that you're looking at so in earnings 4 you might have 10 in earnings season and in not earnings season you might have 3 to 4 but you would get up before 9.30 and rate them I would say you'd have to start between 8.30 and 8.45 9 o'clock the latest okay because you want to be prepared you want to be ready you want to have your gaps rated if you're in the room I rate the gaps for you and put the information in there but really you should rate your own gaps anyways even if you do the class because that obviously that helps you get 3 to 5 minutes per gap but you have a small watch list you're not rating a thousand things okay so it really sounds like a lot of things which pinpoints the colony but it doesn't take you that long to do them you just look at the daily chart and you're like boom boom boom boom and you check it the room is $250 a month but again you have to take the gap class in order to join the room and I teach you everything in the class so you don't need to be in the room you don't really need to be in the room but what I was pointing out is about finding my lead is that I make it very very easy for people I can't make it any more easy for people so if you want to learn and take my class to learn the system so that someday I go off into the sunset and if I'm not teaching the class again which I won't teach the class forever okay I'm young and doing it now in the weekends but you'll know what to do but I make it so easy for people to be in the room with me because I'm looking at one or two things a day calling the traits live taking them with them telling them everything all the numbers you can make money right after you do the class if you do want to sign up for the room again that's your option some people do some people don't but you'll know everything so you don't need me but the idea of having a mentor helps especially if you're new to trading okay it's $250 a month RL that's what it is you can't you can't join if you're not a member so the market is definitely higher everyone I mean I just want to tell you that the market the market is so and I don't know when it's gonna happen I'm not saying it happens in July or August I don't know it could be September but I'm telling you the market has been higher all year it is gonna absolutely explode explode okay and you know I've seen this through my price analysis of gaps it's how I've been able to read it but I know the market's been tricky and if you haven't kept yourself in check in the last few months as state traders you may be struggling or if you have a strategy on a big day I don't need to worry about what the market's doing if you are looking for the market to get your trades you may be getting crushed this year which I warned everyone at the end of last year but this has been the best year I've ever had okay but you know you really have to have something that is specific and with what I do the market usually doesn't situate itself until a little bit later so I'm in and I'm out so quickly that even a little bit later okay that's again why that time of the day to take the trades to get the move is so important into the open with what the institutions are doing and then whatever the market wants to do the market wants to do I mean like what happened last week like the early afternoon when the market shut down I wasn't even in a trade I was like somebody called me I was like oh whatever I mean I was out in the city it didn't matter to me I never trade in the afternoon I was out I believe it's 2,500 that's at a proprietary day trading firm of which there's a million bazillions will I have the class again yes I will have another class I don't have the dates for the next class yet you can email me I am trading only stocks although a lot of people that are in my room are doing options they are I will tell you you can use assistant for options I don't I don't do that but you could okay thank you you would rate the gap using the 26 point rating system you would not take the same entry meaning with the entry and the stop because you're doing an option you'd have to know how to do the option yourself I'm not teaching you how to do the option you'd have to know how to do that okay but you would be able to pick the pick and get the direction right based on the 26 point rating system method that I teach that you'd be able to do and that is what some people are doing and actually how people do that in Netflix and I have people that are in the market long that was one of the swing trades I did people are still in it they're in it and I know some people have done a couple options in the market call I've made and obviously today they're up okay and since the market is at a price point of those ETFs you know that makes sense for some people you want to hold it you know I like the day training though but you can use the system for swing trades you can use the system for options you can use it for whatever you want to make money it's got to be something that gaps if you buy this to 4x well I mean you could but there's only one gap in a 4x which is because the market only closes there once a week but it's the concept of gaps again it depends where you trade at a retail account there's different requirements than a prop account a retail account requires 25,000 a prop account you can open up an account I think for 2500 I'm not a broker though you really have to talk to brokers to find out those specifics there's only about a Cajillion online I mean you there's brokers are out there like all over the place prop places and brokers honestly all you need is a broker that gives you good shorts and good execution it doesn't matter where you go as long as you get good short access and good execution okay like what I mean like if I press the button I go boop you know I gotta get in so like if I press it I want in that's what I want okay I want to get in as soon as possible I've never traded there I have no idea or thinkorswim is a platform I think or something I've never used it so I can't speak for that when you got trade when you got trade do you start from the pre-market well I start I roll out of bed and start looking at stuff I could be looking at stuff right now I but I don't usually look at night but you could I like to look in the morning so as soon as I get up I look whatever time it is 7 7 30 ish well I get up really just sit down and look any more questions from anyone else it looks like we're almost at the time here thanks for coming everyone thanks so much for having me Trader Planet thanks Darla thanks for staying here in this gorgeous gorgeous fabulous summer night I mean it's so pretty out I'm going out right now to enjoy myself in the city and thank you so much everyone for coming if you'd like more information email me at unlessofthestockswish.com or Darla thanks Trader Planet thank you Melissa enjoy your evening in New York as we do here in Tampa the recording for this session will be posted at TraderPlanet.com's video section tomorrow look for the video titled earn 1,000 per day trading with institutional money moves for those of you who may be new to Trader Planet we certainly hope that you'll consider joining our community as a member membership is absolutely free and you can join by going to TraderPlanet.com slash join this concludes today's program thank you for attending and all of us here at Trader Planet and the stockswish.com wish you a good evening and a profitable trading day tomorrow