 This will trade her after she developed her own system for trading that relies on capitalizing on the big moves that occur near the open of the stock market every day. She's built an international business that informs clients how to trade successfully utilizing her system. All right and we will get Melissa's screen all set up and begin in just a few minutes. So I hope you guys enjoy her and the rest of our presenters today. You can see the slide. Can you see it? Oh there we go. Can everybody see? I can hear you and see you loud and clear. So if everyone else can, can you please just let us know and type in a yes or a why the question box. Good morning everyone. I want to get started here. It's 11 a.m. Eastern time Tuesday October 9th. Earning season starts this week. Gonna be a good good quarter here to finally close out the end of 2018. So welcome. If you have any questions when we go along just type it in the box. I will see it and I'm going to talk today about one simple strategy to trade the market successfully. My name is Melissa Armo and I own my own company called the Stock Swoosh. So I focus on one strategy every morning in the market and it's gaps and I'm going to show you what a gap is here if you are interested and again if you're interested you can always email me or you can call me or type in a question. My email is melissa at thestockswoosh.com and you can follow me on Twitter, Facebook, YouTube and Skype and you can also watch me on Fox News and Fox Business Network which I appear talking about the market every week. So we're getting into the end of the year as I just said. If you have never traded before now's a good time to start because it's a busy trading season in the fall calendar period. Now if you have been trading if you've been trading all of the year the first nine months of the year and you haven't been successful it's still a good time to re-evaluate. Why are you not successful if you're not? Is a strategy you're using not working? Is it the market conditions? What's going on? Now the market's been dropping for the last few days. I haven't seen where we are right now in the last 15 minutes but the market has been very bullish all of 2016, 17, 18 and yet guess what most of the trades that I've been looking at that we do in the morning are shorts. Now sometimes we will go long. I'm not opposed to going long however most of the trades, most of the gaps are shorts. So you can make money shorting in a bullish market which may sound unusual but I'm looking for weakness and here was a good example. So this was Friday's trade. Now for those of you that don't know what a gap is I'm going to go over that right here this morning. A gap is a difference between the close and the open. This is Costco. Costco had earnings out Thursday night is the daily chart. Look down here and see down here the days. Costco closed the night before this was again Thursday four o'clock Eastern time then it reported then it had earnings then it gapped down. So a gap is a difference between the close and the open. So that means that the stock will close at one price at four o'clock that's when the U.S. market closes and opens at 9 30 the next day. So I'm looking for stocks that are gapping each and every day and as I said I'm looking for stocks usually mostly first I will go to looking for shorts okay. So I'm looking mostly for gap downs and then I'm looking to rate them using my systems to determine if it is a good one if it is going to go lower or if it's going to go higher in which case obviously you'd want to go along it but in the case of Costco here it was a short was a really good short. This had a huge move of the day this is a really big play. Now what could you have done with this? You see it in the morning excuse me or you see it at nine because it actually reported in the after hours after four and then you would look at it and you would rate it using technical analysis. This is what you'd learn if you come and did my class or if you traded with me in the live room I would say Costco is a good one it rates this many points and then we would look to get an entry in it. Now because of the price point you could have done it as a put you could have bought a put which means it wasn't be an option trade where you would need margin or if you day traded it you would have shorted it as a day trade and it had a really big move actually the move in Costco on the day from tip to the top to the bottom was almost 10 bucks huge move in Costco okay. Anyways here's the sell-off so this is this is simply as this is what I'm looking for every single single single day I get up in the morning I look at what stocks are gapping I rate them before 9 30 before the open determine if there's anything good to do and if it sets up I do it if it doesn't we don't do anything at all okay so I'm looking every day for what I'm looking for a sell-off if we're shorting or if we're looking to go long we're looking for a big move up we're looking for buying so here is the sell-off in Costco this was amazing okay again 15 minute chart here in this you can see where the stock gap it closed here gap down so it closed up here again around 231 ish open in the morning here around 224.50 I should whatever I don't know the exact price what it was so the stock closed at one price and gap down so when you're looking to trade and I don't care if you're swing trading day trading doing options you have to have a strategy that you follow that consistently works you can't do one thing at a Monday one thing on a Tuesday one thing in a Wednesday okay first of all you'll never get good at any strategy at all if you're doing a million different things and second of all okay you have to have the consistency the consistency that I have comes with looking for the same thing every single day it's like an imprint and again like I said I focus on technical analysis so I'm reading charts I'm a chart reader I'm predicting where stocks gonna go based on the chart and that is something you can do whether I'm gonna go back to this here whether Costco gap down or gap up whether the earnings were positive or negative or whatever the earnings report said I don't even focus on that okay I don't read the reports I don't focus on fundamentals you don't need that in order to make money in the market also you would have time and oftentimes that is priced into the way the stock is trading in the price point okay makes sense any questions so far we're going along here let me know so anyways Costco was a short so entry on this was 224.95 shorted you'd short the stock share quantity here was 3000 exit to 1890 beautiful move drop again you're shorting your stock you want to get the drop you want to get the sell-off and again here it was boom boom boom boom boom it was a straight sell-off down you don't get this in every single trade but in the case of Costco you did it sold off all day after the rally was a good gap and also at the market with you on Friday huge profit in this so this is a day trade I also call to put in this so if you could not have if you couldn't have taken this account of margin with 3000 shares which was an advanced risk then you could have bought the put so you could have bought the put but you still would have had a beautiful drop okay six dollars plus profit was 18,150 in Costco and Friday and one trade one single solitary trade you could have done the day trade and you could have done the put now what if you can't take an advanced risk where we're going to talk about a couple examples here today for a beginner risk if you can't take an advanced risk the point is whether you risk a hundred dollars or whether you risk a thousand dollars in a trade that's profitable like Costco was you can make money the idea is to build it up so you're building up your account and you're learning as you go which is something that a lot of people just just don't understand because they never really grab hold of and learn what they need to learn to be successful but that's very important okay a lot of people say well I'm not successful because of my discipline well that may be true there are people that are that have horrible, horrible discipline but quite frankly if you shorted Costco and were the most disciplined person in the world you would have you would have made money on Friday okay it was a great call it was a huge move down okay you would have to be crazy to have somehow screwed up the trade on Friday you need to look for directional bias wherever the stock is going how do you make money in the market you get in a trade in the right direction before the move happens and that's when I see I'm just going to go back here that's what I see in the gap so I'm seeing that in the gap and that I'm looking for it and then I am rating it and trying to figure it out in the pre-market okay I'm always looking for it before before the open and that's where I'm prepped and I say okay maybe I say there's nothing good today or I say we got two good ones we'll watch two or however many we're watching okay any questions on Costco I don't see any current questions here I'm going to keep going anyways here was another good one FDX this was back in September this was earnings two what did what did it do it gap down this was another short here's the daily bar so this depicts the selling action the sell off stock closed here the night before at 256 open boom gap down in the morning around 250ish stock sold off another huge move this was almost $10 in the day as well two big movers here in the last month and we'll see more of these why it's earnings season earnings season the banks report Friday Wells Fargo JP Morgan Chase City Bank they all report Friday and they're gonna gap I don't know what they do or where they go or how to play them until they do but I know they're out Friday morning it's probably gonna be the market anyways this is a big sell off boom okay so this here you would have gotten up in the morning and you would have rated it and determine is this gonna be a long or is this going to be a short because you have to determine where it's gonna go so you can watch it so you know how to treat it if you don't know and you're waiting you're missing the profit okay that's the beauty of what I do I'm predicting it I'm not predicting the gap I'm predicting the move it's gonna make on the open after I see the gap and that's how you know and you could do it as a swing trade you could do it as a day trade or you could do as an option depending on whether or not you want to trade with a margin account or if you want to actively day trade so you know everybody starts at the beginning on this road to success this dares the success to make it as a day trader and I don't care if you want to do this part time on the side if you want to dip a dabble in it if you want to do it full time is your job either way your goal is to be successful whether you are doing this for part time income or as your full time income your goal should be to be successful which means what you need to be profitable you need to make money and that's why I'm saying if you've been trading from January till now and you're not profitable for the calendar year of 2018 then you're clearly doing something wrong and you need to stop so many people risk money in the market they have no clue what to do and one of the things that I've one of the decisions I've made that was a good decision for clients for customers is no one can join my live trading room unless they've taken my gap class so they have to learn the system to have the knowledge to know what to do before they take any live trades now I do offer a trial for the room for one week but I don't think it's a good idea for people to risk money if they don't know what to do okay very very important to know what to do how can you risk a thousand dollars how can you risk fifty dollars if you don't know what to do or why like if you don't know why Costco is a short okay I have a question here so small how do you rate how do you rate entry exit on one-minute charts I rate it here hold on I rate it on the daily chart the ratings on the daily I rate so I in the pre-market I my system if you come and learn it I rate it on the daily chart but we're playing the trade on the one-minute chart again as a day trader you have to get in and out before four o'clock so you got to get in between 934 and out between 934 that's it so I'm that's that's the beauty of what I'm doing I'm looking at a minuscule time frame which is smallest one I don't trade on a tick chart is the one minute I'm looking to get in get out get in get out because really all you need is a quick move and I will tell you most of the trades we do are in and out by 10 o'clock now Costco was different we had the market with us I'm not saying you have to kill a trade if it's still going at 10 a.m if it's still going then dropping say with the trade if you're up in the trade but most of the trades were done and out early in the morning but if something falls all day and you're the market power training down Friday you can stay with it but we're trading on the one-minute chart we're trading on the miniature time frames even though we're rating it on the daily to determine the directional bias and that's the beauty of the system because you still need to put in a stop you still need to have a set place where you will kill the trade and you still need to get in and out before four otherwise you're taking it overnight and then obviously if you're a if you're a day trader you're going to be a two to one margin which is a lot different than trading on a day trading margin during the active day but options are different we all will talk about a couple different options trades we're going to go over Facebook that was another great call I made that was a put options you just pay for the cost and you can hold it overnight but we're not holding these day trades overnight so we're trading in the one minute but we rate it on the daily but when I'm calling the entries in the room and I'm saying boom boom what I'm say if I say 10 by 50 first number is the entry second one's a stop we're taking them and I'm calling it on the one minute okay that's a good question okay I just I just thought I'd show you here this is the last eight weeks now August was partial of the last end of the last earnings he's in September was very slow October's been October has been a very strong start to this month it's only been a week but the last eight weeks again advanced risk some of the trades were about $1800 and risk most of them were about $1500 and risk but anywhere between 1500 and 2000 risk in these trains you would have made 83 grand this is all the calls in the room this is no options it's just the day trades you can see here from these results that I basically try to do one thing a day maybe we do two in the case of Walmart for example was two trades same stock simple so I like to stick on one thing and if I have one good winner then that's it I stop so it's not like I keep trading and trading and trading if we have a winner like we do winner Macy's boom that's it I'm done so and Macy's actually kept going that was one that kept going all day but we did the morning and we stopped so I really think that it's very important for traders day traders active day traders especially if you're doing this for a living just stop when you're up not to just say oh I'm going to trade all day because if you take a good trade in the morning and your goal is to make a thousand bucks for $1500 a day and you're up in the morning and you're out and you have the move stop these I say no piggy targets okay again if something's still dropping you can stay with it but the point is to just chunk it out chunk it chunk it chunk it so I was on a couple of days on tv and here again September was slower there was a bunch of days we didn't take any trades at all apple was a huge winner and that was along on September 11th okay you can go look at the chart of apple for that we have time I can go over it at the end and then October has been really really strong strong start to the month of October absolutely no losers now it's only been a week but we were on track so my rate on charts has been amazing so far this year um and you know I've got a lot of eyes on me because I've been on national tv but I tell you 10 years doing this now I started out 2000 native started trading when you've been doing something for a very long time to get better at it and I only do this so that's one of the reasons I'm so good at reading charts is I only do this you don't have to be a jack of all trades to make money in the market you only need to do one thing and then you plop it on with size okay so trading is a skill how do you get the skill how do you learn it you do it it's like riding a bike or playing a musical instrument or playing a sport but when you're all over the place and not focusing and doing a million different things you never get good at anything and I think that's one of the biggest biggest mistakes that traders make people think they need to learn a little about a lot of different things but then they never get good at anything and they do too many different strategies and they're going longer they're going short and they do the same stock on the same day long and short and they're all over the place and they never get it right so I have um not gone down that road I have stuck on gaps immediately almost since I started within the beginning period when I started I made a lot of money in a gap and I said oh there's something to this of course I didn't have all my system down to that point took me about three years but I realized there was something to these gaps and I realized you can make a lot of money trading gaps because I have a lot of volatility and they have a lot of momentum so I prepare in the morning before I trade before I even take anything at all and I decide what I like I decide what to do I decide if we're not trading I decide what's the good ones I even figure out the targets the resistance to support all of the things that I need to be watching on the open because when the live day starts there's a lot going on you're looking at the market too okay um any other questions here okay um so if you've had a difficult year the best thing I can say for you is don't let it screw up the rest of the end of your year just because you've had a hard beginning part of the year most of the year even even 2017 if you have a difficult year trading don't let it screw up your future don't give up on trading don't give up on the market if you've lost in the past your chances are you found me if you found me or interested in anything I have to say today for a reason you need to hear something new or something different and I think the biggest message that I have to people is the focus okay but if you can learn how to trade and you could be successful in it and and plop it on with size you absolutely can do this for a living and you can work for yourself and the nice thing is you can work from home now there are many many different types of traders I kind of alluded to this earlier today we're going to really focus on day trading but you could use my system for swing trading and you can use it for options okay but you really need a strategy one strategy is all that you need to be successful and for me it's gaps and not only that I focus mostly in shorts which I said okay and it is helpful to have a mentor which is the support of the trading room not that you can't trade on your own if you do my class you can trade completely by yourself I don't hold anything back I teach you everything in the class but having someone to make the live calls or say this is a good one like Costco definitely is a help now if you've never day traded before what do you need to get set up well you have to open up a brokerage account you can open up a retail account or you can open up a proprietary day trading account if you want to refer for a broker you can ask me but there's a million places out there however they give different margin what is margin margin means you don't need the actual cost if you're buying Facebook for example and it costs 160 dollars a share you don't need 160 dollars in cash to buy Facebook or short it you trade on margin the broker and where you trade gives you the margin could be two to one could be four to one could be ten to one okay but if you're a day trader you're flat on all trades before four if you want to do options all you need is an options account which is not a margin account and if the trade costs a dollar that's all that you're paying the cost of the trade okay and we will go over some options examples here too but you can use my system for that as well the nice thing about options is you don't need margin show there's certain margin requirements for certain brokers again that's something else that you can look into but what do you need to do this today trade actively you need a brokerage account you need charts you need a level two I use hotkeys okay and you got to have the system in the strategy and then you learn it and do it and you can do it from home which is very convenient so I also talked a little bit about this people find trading so hard because there's too many things to do on any given day tons of stocks in the market tons of things to look at everybody's a different opinion people are getting bombarded by emails and all kinds of strategies and system and they never never stay focused and even if they try something for a period of time they go off of it to another period of time not only am I focused only on gaps when I'm really focused on the beginning part of the day between 9 30 and 10 so if I don't see anything and we don't take a trade by 10 o'clock we're probably not doing anything that day I got to see the setup in the first 30 minutes of the day preferably the beginning open that's when I see it I can tell when I see it trained when I see what's happening not just the reigning system in the pre-market but also into the open I can see if it's going to work or set up or we're going to do it or I'm going to flip off and look at something else so if I'm not in something by 10 chances we're not doing anything that day there's nothing good so my focus is on the strategy mostly shorts and time of the day okay any questions so focus on a set period of time even narrowing it down to that you get better you get good you get good at reading that time frame and again I choose this time frame because most of the times it trades outside of the market you don't need the market for this and many day traders don't trade this period of the day so you have smoother moves and you have bigger moves and you have more momentum moves and what you want big moves is a trader if something drops a dollar and your short 5000 shares what are you going to make five grand so you need a big move and the shorter the time period the better because guess what less your risk so if you could take a trade and get in and get out in five minutes guess what that's a lot better than having to get in and get out in two hours and waiting for it to go chances are you'll make more money if you learn how to trade this period of the day but most traders don't know how to do it don't trade it and don't even look or anything until after 10 o'clock and why because usually the market situates itself by 10 o'clock not always but usually okay so a lot of people trade with the market I do not anyways one of the benefits again of day trading is no overnight risk in and out you can put in limit order stops to stop you out helps you control yourself and also you can take bigger positions because you're trading on margin and it's quick it's in it's out it's in it's out you chunk it out you I give targets we look at the targets but it's really chunking it it's not necessarily about holding every trade to a bigger target or a piggy target yes you will get trades like Costco and Apple and Facebook but not every trade runs that big sometimes it's a baby one okay actually today was a baby trade I don't have it in here today was KR it was a short we did a late entry it was still in the morning it was a baby move so how do you make money consistently follow the system follow your rules follow the time frame follow the gap rating don't be a pig stop when you're up I'm these are I'm just I'm giving tons of free helpful tips here okay any questions from anyone else so far anyways when you are looking to trade you can have incredible returns you saw the Costco trade we're going to go over the Facebook option too it's just you've got to find something that's going to move and I do tend to trade stocks that have a lot of volume you would probably know the name of the company you would probably recognize it Facebook Apple Amazon you know KR you would know you would oh I heard of that before you know that's fine maybe why you would have heard of the stocks because people trade them people are doing stuff with them but you gotta know day trading is not investing you're producing income you're just taking the money out and you're just getting the move it's not investing this isn't buy and hold and a lot of people don't understand that but whether you're going long even as a day trader or whether you're sure as a day trader it's not holding okay you can hold options for a couple of days but I don't even consider that holding because it's not investing you're not buying the stock outright and then receiving the stock certificates and then holding it for you know five to ten years that's not what this is trading is you're active you're calling the move you're playing it first set time frame whether you're playing it for a couple of days or a couple of minutes that it depends on what you're doing uh let me look at the next question here hold on I'm sorry eyes what size account is needed to find your system using options there's no there's no the minimum size is whatever wherever you open up the account there's no minimum size to do options that I set it's the broker wherever you can open up an options account as long as you can place an options trade you can you can trade my system there's no minimum that I give for it there's no minimum I give for anything other than what the broker requires the same thing for day trading if you are actively day trading with a retail account they're going to give you a 41 margin and you need a minimum of 25 000 to be in and out day trading if you're going to open up a proprietary day trading account most places any decent place will require 2500 minimum that depends on the place for opening the account and they'll give you a 10 to 1 margin it's not my system my system can be traded anywhere that you can place the trade so you need an active day trading account or an option account there's no minimum and obviously there's no maximum the minimum was wherever you can open it to place the trade that's not set by me what exactly is a time frame of trading time of the day that we're trading the day trades is usually in the morning the first half an hour an hour of the day unless you get a big one like Costco and you want to hold it all day but some people did not some people had to go some people got out of it it was up some people didn't hold that trade out to the drop some people didn't didn't want to hold it it was working it was that money in the morning you're early so there's as far as the time frame you got to be there in the morning to day trade between 9 30 and 10 am eastern time minimum that's a minimum now sometimes we're longer but that's not every week that's not even every you know once a week 9 30 and 10 is the minimums and I think I missed another question here no no I don't look at level two indicators no um no I don't look at any of that stuff if that's what you're talking about I this is it I read the chart I could look at give I could look at any chart anywhere anything in the world any type of symbol if I never looked at it I'd read the gaps I tell you where it's going and tell you the trend that's how good I am I call this market amazingly well too by the way so this is it this but you know I'm just looking at fdx right now but it's it's pure technical analysis reading of gaps that I call it I'm telling you you need a level two to trade actively okay let's get into this here fdx this was again back in September but it was a good one stock up down here's the one minute chart open drop boom could have sold it off in here aggressively or you could have waited here or you could have waited here and got the drop all you need is this here or here or this whole thing you could have gotten all you need is this though or all you need is this though or this even here you could have done you just have to get it that's the point so now we're talking about advanced the beginner advanced risk in this one was twenty six hundred dollars beginner risk was what two hundred and sixty dollars so I'm showing you here with a hundred shares if you had done the trade in fdx which I'll go back and show you enter was two forty five sixty five you could have made what two hundred eighty five dollars that's a good trade if you risk two sixty you're looking to turn it over one you wish twenty six hundred you want to make two thousand eight hundred fifty so it's a little bit more than one here here's a position cost on retail and prop account so that you would know showing a prop account here you could have taken a hundred shares you would have needed two thousand four hundred fifty six dollars and fifty cents that's it and you could have made two hundred eighty five dollars if you can make three hundred dollars a day guess what it's fifteen hundred grand a week fifteen hundred dollars a week and that is a decent amount of money because if you think of it fifteen hundred dollars a week you say oh that's not enough I want to make that every day yeah that's great but if you have a small account that is really really good and if you look at it in a monthly basis it's six thousand dollars a month and if you look at it on an annual basis it's over seventy two grand a year so the bottom line is that's really really good you can't look at this and say that you want to make you know all this money if you have a small account start with what you can afford two hundred fifty dollars a day three hundred dollars a day it adds up people it adds up now I'm going to go back and show you this again this was this was a late one late meaning we didn't do it right out of the game but we still did it and got out early in the morning shorted boom out that's it that trade was this boom boom ten minutes um someone's asking about forex is this one ridiculous stock market this i'm talking about the stock market i don't do anything with forex and i never did why i think it's too risky you don't get enough setups you don't get enough trades the forex market only has one gap because it only closes once in a week so i will not be discussing forex sorry any questions about this so this was a gap i'm going to go back here this was this day chart that i showed you earlier in the morning close to your gap down so this was the gap but then here's the play and then obviously here's what you could have done if you would risk 260 dollars if you'd risk 2600 so i'm showing you here how you can use this and do it and you don't need a million dollars to do it even though the praise point was not cheap i mean fdx is you know not a cheap stock but again well known you're like oh fedex okay so you're familiar with these things but you gotta know what to do with it you gotta know and this is what you'd learn in my class when this when you see the stock capping down overnight you say wait a minute it's capping on the support is it along should i buy it is this a good buy should i short it what's it gonna do you you gotta get in it before the move happens that's how you're gonna make money and again i'm never flipping them now how do you get to the point where you can support yourself doing this what's the difference between making 260 bucks or 200 or 2600 it's a size it's only the it's a size so you can take a thousand shares 2004 thousand the size i've taken everything batteries why because the difference between the entry and the stop changes i might take a 50 cent stop one day the next day it could be a dollar how do i know i don't know until it sets up until i see it live and obviously the price of the stock has a lot to do with that so you don't know until you see it but your risk needs to be the same on every single trade so if you want to risk 250 bucks then your your share quantity will vary but your risk should be around 250 dollars every trade and again it could be 260 this is not a static thing you're just trying to get in it you want to get it you don't want to miss it because you're trying to be so exact that you miss the trade but it definitely has a lot to do with your consistency and your profitability because if you take five trades and one is a loser and four winners you want to keep the four winners you don't have one losing trade outweigh for good ones okay so that's why we use stops and i call the stop in the room but this is a nice way to trade because you can be done in the first 30 minutes again it's up to you if you want to hold it or not and you can work for yourself so a lot of people have other jobs they they're transitioning which is fine but if you have no idea what to do and you're waiting and thinking about doing this you're just you're just letting time go on you can be in the room and take the trades in the first half an hour first an hour the day and figure it out while you have another job and when i first started out 2008 like i said i did two jobs for a while until i made enough money to quit i was doing mortgages but i wanted to find a new career and that's one of the reasons that i began in the market but i only focus on one thing you do have to be strict having me as a mentor in the room definitely helps and and like i said when you think about the numbers and break it down to support yourself six grand a month that's that's a decent amount of money a lot of people could support themselves on that and a lot of people when they think about it they will have these huge numbers in their head but really if they just made 300 bucks a day they'd be perfectly fine they'd be a lot better up instead people lose lose lose lose lose and because they're trying to make these huge amounts of money and get piggy trades all the time it doesn't work like that it's the consistency it's the high wind ratio it's stopping and taking the loss some days when the trade doesn't work or not trading some of the days when there really isn't anything to do uh have another question here hold on how do you find the stock in such a short period of time it's not a short period of time first of all you can look at night at four o'clock stock scap in the evening four o'clock eastern time sometimes usually the things reported by five ish you could look from four to six at night or you get up in the morning get up early i get up very very early in the morning i'm an early morning person but i usually start scanning maybe like around seven thirty open up the room at eight thirty if you get in the room at eight thirty an hour is plenty of time to scan so you have an hour to scan in the morning that's not a short period of time one hour you have to prep and the more time you prep the better you get some people only sign in the room at nine i think i'm half an hour is kind of cutting it but a lot of people just go by what i say a half an hour is kind of tight but i give myself as long as i need to today's what i said was kr kr you can you can look it up i don't know if we're going to have time to look it up but it's kroger um any other questions anyways the nice thing is you can work from home obviously uh i closed the room yesterday i figured yesterday i'd be dead we didn't do anything a nice seven three day weekend you don't you don't have to do this five days a week if you don't want to take off take off you want to trade you want to trade you are working for yourself when you do this and you do have an unlimited income potential it's one of the reasons i got into the market because as a mortgage broker i had unlimited income potential but then the the banking restrictions change the guidelines change for mortgage brokers and so then i said wait a minute i want to do something else that i have an unlimited income potential so i found out about the market it's just you there's a there's a wish to reward benefit if you want to do this it's going to cost money to learn my class it's there's going to be a learning curve for you gotta listen to what i say it's about what you're willing to do to get there it's not like you just sign up on the dotted line and all of a sudden boom there is a cost to learn my system and if you've been training before in the past and you've done many different things and haven't learned anything good or have learned stuff that doesn't work that's that's been a cost for you too it's not like anyone rolls out a bed and is just born you know learning how to treat so everybody goes through the process remember the staircase you're stepping up the staircase it's a path to financial freedom it's not like you sign in the dotted lining you're there in a second it is a path and even if you come to my class you're probably going to have a learning curve but that's why i tell people listen to what i say take my calls join the room be a part of it do what i do okay take the trades follow the system no piggy targets but the nice thing is you can do this and be out quick in the morning and how do you learn it you learn it in my rating system it's a 26 point checklist so i'm looking every day for stocks that are gapping down first then i look for gap ups it measures the gap by writing them in the daily chart to find stocks to trade that have number one high probability of directional bias for the entire day number two a big move in the day number three yearly confirmation of the bias and a move between nine thirty and ten and precise entries with follow through and a good risk to reward so at least to turn over one some trades are three to one or more okay but you're chunking it out when you're doing it i'm going to go over the facebook option trade here was oh no we don't have any other questions okay i'm caught up so this was this is this was a classic melissa call here because even people that were in the room wanted to kill this trade and it worked so i called this trade i called it put in facebook i called it put in facebook here in the state was the 24th stock post here gap down boom i called the trade in the morning in the pre-market before the market even open although you can't take it into the open then the stock rally for a week some people did kill the trade that couldn't hold on to a trade was down first then it broke and went it was a big one i called the 160 puts in the 155 puts so this was a nice move so this was to buy the put but the trade was down before it went actually this is through this friday but no one should still be in this it had such a nice move and went through the strike so if you did this in here okay oh actually this is the day trade i showed you here this is the day trade from before well go back to that i didn't i i guess i know here i know i'd put the option in here where did i oh here here was the option trade so i called the facebook puts expiring 1012 1 6 year 155 i called it in the morning 8 16 but you can't take the trade into the open it was in the 24th this was the day trade i called we day traded it here so the option was the put here and then we did a day trade here anyways going back so this was the day trade share quantity shorted 2000 added to this total share position was 4000 again this is an advanced risk okay 16720 profit this is a day trade they're not the option although the option trade was good too i i didn't put this that in here this was the facebook day trade there were two trades in this one was the put one was the option i mean i one was the option one was the day trade but you had to hold this down in here you had to be out of it actually the trade would still be up if you were still on it even today but there would be once you're getting into today's the ninth the expiration was a 12 i don't think it's a good idea necessarily to hold it if you're through the strike into the last day anyway sorry to confuse you about that this was the day trade and this was the beginner day trade this was with a risk of 260 dollars you could have made 1672 bucks again a nice move five dollars plus you didn't have a big size if you did this only 200 shares and again this was the day trade i don't want to confuse everybody sorry it was on this day here but this is the daily chart so i use my system to figure out the put call and then the day trade call so we didn't day trade facebook in here it was a put but i but i'm telling you the stock the trade was down the stock rallied the put was down but then it worked so when we're in the day trades they got to work right at waste which which this one here did but i just want to make sure you know the right day here was the 28th but when you're in the options they may wiggle and jiggle till they go and when you're in options trades if you've ever traded options before you know the way the volatility is okay it's like a balloon where it swells and sinks and pops and those are the days that you want to get out when the balloon is going and it's blowing up the balloon in a big direction in your way which was the sell-off here that was a nice call sorry i thought i put the option and went in there but i didn't anyways here but here was the trade that i sent out but you can't do this until after the open anyways it's the same system you can do the options you can do the day trades it's up to you whatever you want to do again it depends what type of account you have i think the best thing is to do both because you can make money doing both and sometimes i mean things like amazon i mean some of them are so expensive the stocks to day trade like we're not day trading amazon but you could do an option in that so it definitely i think is is important because some stocks have really big moves and you can trade them and you can afford them if you do the options but some of them are just insane some of these price points anymore netflix is another one it's touch and go now i mean the price is getting really high anyways my system is called the golden gap system the golden gap system is a 26 point professional get bearish gap rating system focusing first on the short so if i don't see a good short then we'll do along the purpose of the system is to help you evaluate which gap to trade each morning using a checklist this checklist tells you what to trade in what direction 26 point checklist predicts directional bias in the stock and that's how you're going to make money in the market whether you go long or short if you can predict where the stock's going to go and take the trade before it goes you can make money show one strategy is all you need to be successful in the market you do not need a general overall broad base view to make money that does not go do anything for you at all you're talking talk and talk about it but unless you actually know how to make cash there's there's no point to trading even if you're a you're a wealth of information if you can't turn it into profit you're wasting your time and you're wasting your money you're hard earned money okay so my system is based on reading institutional moves institutional money and the price patterns and gaps who's in control the bulls of the bears that's what i'm looking for in the gap to see what's going to happen in the live day all right remember the reason you trade is to make money i know it's fun and everything else like that but if you're losing it's pointless it is a waste of your time so you've got to be profitable and if you are doing something and you're not profitable you may be not disciplined that's true but you've got to be honest with yourself a lot of times it is the structure of the system that you're doing that simply is not good enough and does not work so if you have the time to train between 9 30 and 10 then you could do what i know uh you like the fast trades or unless you want to do the options there they take a little bit longer again if you have a passion for reading charts in the market you can work from home and if you want to do this for a career it's definitely something that i can teach you so i teach a class it's called the golden gap course next class is in november november third and fourth class it's 54.99 us dollars from nine to five eastern time it's all weekend class is online it can be anywhere in the world and take it if you're interested email me and i teach a trends class total combo price for this is 59.99 the trends class that was october 22nd so you'd have to sign up by then to get this you save five hundred dollars and i'm doing a columbus a special it's only through today so if you're interested in this you'd have to sign up today i started it yesterday i know we're here at the webinar but i'm telling everybody i'm offering 30 off the letter the the letter for the options trades you get them emailed to your inbox like you saw on the facebook for one year it's 49.99 i'm offering 30 off through today for columbus day it's save $1500 it's 34.99 30 so you wouldn't have to do the class to sign up for this letter you get all the trades for the year but you're not going to get the day trades in order to be in the day trading room you have to do the class and that's not till November and if you want to trial you can email me if you want to trial between now and then if you want to sit in on the room or even this week any questions from anyone about anything at all i do think that it's going to be a good calendar year end of the year here it's been a strong year so far and the market uh market's going to be wiggly jiggly i think probably until friday when the banks report will have to see but i do think that the close of the calendar year 2018 is going to be very interesting considering the way that we started and then we traded in a range for good six seven months of the year we finally broke out of that range made new highs and now we're dropping the last couple days so we'll see where we go yes i do have a trial periods for one week email me at melissa at the stock swish.com if you'd like a trial email me if you want to sign up for the newsletter this offer for 30 off ends today email me if you have questions call me if you have questions and any other questions you do not need to take the course to subscribe for this letter that's what i'm saying to be in the live trading room to get the day trades you must do the class this is the letter this is not the day trading room you would get the trades emailed to you trades are sent to your email you do not have to do the class to sign up for the newsletter this is a cheaper way to get some of my calls you don't have to be in the room if you have a job or you can't be there sometimes i call trades in the middle of the day so you get the trade email to you you take it you manage it you're not in the room and you don't have there's no prerequisites for this this is on sale through today and there's no prerequisites and it's a way to tiptoe your way into doing the trades and and i give the targets on the trades as well so i say the strike and the targets and you can email me if you have questions about where to get out but i usually also do videos which i send out updates or whatever and say hold it or this or that or whatever is going on and so like cost go i sent out an email cost go i said exit this exit this by the end of the close today so that was i called to put in cost go i didn't put that in here but that one was i said get out get out by the end of the day and and you see if anybody held it then it reversed that was not a long-term short but it was a good day trade short you do not have to do the class to do this letter so it's a way to tiptoe in and you take the trades and you make money you can save up the money for the class i do think it's important to do the class at some point either way so that you learn what we're doing good question valley listen we're out of time here people have a wonderful webinar for the rest of the day good luck to the other people thank you for having me any other quick questions okay have a great day