 support. It's Melissa Armo. How's everyone doing today? Wonderful! First day of November. Really hard to believe. This year is flying by. What can I say? Christmas is less than two months away and here we are. So let's get started. If you have any questions you can email me at Melissa at thestockswish.com. Kathy can put my information in the room. If you would like a trial to the live training room you can email me for the rest of the week. It was off for a couple of days. I'm back today. No rush for the weary. I was back right on TV as soon as I got back and now I'm doing the webinar. So I'm a busy gal but tomorrow morning I will be up right and early and we'll see what we get this week. It is earning season. What does that mean? It means that there's a lot of opportunities to day trade, to do fast day trades and also to do options trades. So we're going to talk about really how you can earn a living trading and I'm just going to focus on what I do. For those of you that have never heard what I do before I focus on a strategy that is based on stocks that are gapping. That means I'm looking for the fast move in, out. Quick, quick, quick. We trade between 9 30 and 10 a.m. in the morning and again if you'd like a trial for this week email me. I will be happy to send it to you. You can very easily earn $250,000 a year trading momentum stocks. Why? Because they have large moves and so this is not long-term swing trading. Okay. This is not buy, hold for months and months and months. While you can train that way you certainly, certainly can. Every single thing that I'm doing I'm looking for the quick move. Even when I'm doing an option I'm doing the weeklies so that, that to me is fast as far as options goes. It's not like I'm doing an option that's out for like three months or something. Okay. Again you can, you can do that but I'm looking for the momentum to come in quickly and again the momentum could be to the upside or the momentum could be to the downside. We're going to focus on shorts today because I do like to focus on shorts and that may sound crazy considering how bullish the market is. Again markets at the highs again today but the fact is I short all the time, all the time in a bullish market. Okay. So my strategy is something that you can use in a bullish market or a bearish market either way. And we don't know how long this move up is going to last. Okay. I just talked about that on Cheddar right now. It could last all the rest of this year. It could last well into the summer 2022 until we have a sell off. We don't know. People are expecting a correction but don't expect it necessarily. I do almost a different stock every single day. I never preempted it I should say. Okay. Here's my information. If you have questions you can call me nine to nine thirty two hundred gap. You can email me a melissathestalkswitch.com. You can follow me on Twitter, Facebook, YouTube or Skype. Again I'm on every channel pretty much. I never know what I'm on until they call me but I always try to tweet my TV hits or where to watch me as well. And today like I said I was on Cheddar. I was on Fox News a couple weeks ago with Neil. He just had COVID. He got over it luckily. So we're in this time where you know I just talked about this on Cheddar. What if, what could crash the market? Well we could have another shutdown. I know no one likes to hear that but I say fifty-fifty that could happen or what else? Terrible unemployment numbers. All these mandates going on right now. We have a big number out this Friday. That, all of that okay creates volatility which is actually good if you want to be an active trader. So I consider myself an active trader. Someone that's looking to get in, get out. I call it chunking it out. You're going into the market to pull out five hundred dollars or a thousand dollars or three hundred dollars whatever. It depends how much you're risking. I usually say one to one. So if you're looking to risk five hundred you should be looking to make five hundred. If you're looking to risk three hundred you're looking to make three hundred. I say one to one on average. While you could make more than that in some of the trades I think one to one is a good solid goal. A good solid average. And that goes for anything whether it's an options trade or whether it's a day trade. Okay. So why are you here? Some of you are recognized. Some of you have seen before. Some of you have been following me for a while. Some of you I know are trading and you're losing money. And I guess the question is why are you trading a strategy if you're losing? It's very difficult for people I know to change what they're doing. Change is hard for people. I know it is. But if you're losing money you cannot not continue to trade the same strategy. You know you have to find something new. Find something that works. Maybe you're here because you're not making enough money. You need something, a strategy that again has big moves. Or maybe you've never traded before and you're here and you don't know where to start. Or maybe you have a strategy but it's just not consistent. And again the nice thing about what I do is is consistent. We find gaps most days. Some days I may not find anything but most days Monday, Tuesday, Wednesday, Thursday, Friday there is at least one play and I try to focus on one play a day. Some days I do more than one play. But really one is all you need quite frankly. And again the consistency comes from following the same system. Boom, boom, boom. Okay. And I'm very black and white about it. I think traders want to get sucked into all these things the next reddit stock or this thing or that thing or whatever Bitcoin or people get sucked up into these fantasy worlds. Well it sounds great that you could make all this money in one stock and like GME or whatever. It usually doesn't happen like that and it rarely happens to that a lot of people. It could happen to a few people that happen to get lucky. They're in a stock before it makes a big move up or down. That is not the majority of the people and that is not how you should look at trading. Anyways that is more of a gambling mentality. What I do is consistent. I just apply the same method every single solitary day and my method is based on gas which we're going to talk about. And one of the things that you have to have to be successful is a strategy. Again just taking ideas watching television or going to these reddit chat rooms is really not using any strategy whatsoever at all. So I have a strategy that I apply and use to make my daily picks and I also have a way to enter next to the trade and then on top of that good money management and that may sound like a simplistic thing to focus on but it is important. It is important when you train. Your risk should be the similar or close to similar to every single trade that you take. You can't risk $500 in one trade and $2,500 in another trade because what if the one that you risk the $500 works and you make 200% you make $1,000 and the one that you risk $2,500 loses you'll still be upside down with a 200% gain. So you have to have very very similar or close to similar it's not exact science risk in each trade that you take. And again this is for options or day trades okay. Now let's talk a little bit of here about what I do. So my strategy is based on gaps. So what is a gap? What is a gap? Well look at this here. This is a chart of Zillow. This was back had earnings gapped in October. So what is a gap? A gap is a difference between the close and the open. So the stock close to your gap down. Closed up here at 4 o'clock market always closes at 4 o'clock and then the next day at 9 30 a.m. it opened down here. So it closed here and it opened down here okay. So it closed at one price whatever this was 95 and change and opened at a different price which was what? Like around 86 and change. This drop fell we shorted it. This is a gap. A gap is a difference between the close and the open. Stocks can gap down. Stocks can also gap up. What's a gap up? Let's go over here. This was back on the 12th. Stock closed here at 4 o'clock. Same time the market closes. Boom. Open here at 9 30 the next morning rally. So again this is a gap up because it closed at one price and opened at a higher price. Here it closed at one price and opened at a lower price. Okay. So there are gap ups. There are gap downs. This is the one that we did. We shorted it. It worked. Down here's the volume you can see. Boom. Again when I'm trading I'm looking for momentum. Got the drop. Boom. We shorted it. Now for those of you that don't know what a short is a short is when you're betting that something's going to go down that's really what you're doing. While you can go long stocks if you buy a stock at five dollars and it rallies to six dollars what do you make above? So if you have five thousand shares times a dollar what would you make five thousand dollars but you could do the same thing to the downside. You can do the same thing for short. You can short a stock at six dollars and take five thousand shares and if it drops to five dollars you can make a dollar or five thousand dollars to the downside. Again you're betting that the stock will drop and fall which is what it did here and it had a nice move and it had good momentum. Anyways what do you need to be successful and earn this kind of money? You need a strategy and you need a way to make the picks. So this is the meat and potatoes are really what I teach in my class. I teach a 26-point rating system. Each day I get up and I go through the checklist and that's how I come up with Zillow, IBM, anything that I trade. I rank the gap. I rate it on the daily chart. This is what I teach in my class. It is a 16 hour class and it's the whole method of what I do. That is how I fine tune it to make the decision that I want to do this particular stock whatever it happens to be. Again Zillow for example and then I also rate it using the 26-point system to determine how good it is. So per my system it does not have to have a perfect score of 26. It has to have 20 or more. 20 is the cutoff. 20 is still a lot of things. Now if it rates 22 or 23 or 24 the higher the rating the better the quality gap. So trading is about odds. It's about high odds. Nothing is 100%. That's why I choose a risk. I don't risk my whole account in every day or when I trade because I say well there's a possibility this trade may not work. So when you're trading you have to make choices. Again this is part of trading that say wait a minute I want to do this and risk my money. That's something that has high odds of working. Again I was kind of mentioning the Reddit stocks earlier. Those stocks to play those stocks or take trades in those rooms do not have high odds. They have low odds similar to gambling. Gambling is low odds. You don't have a high odds chance of going to the casino tonight and making an XYZ amount of money. You understand. You want to risk your money in trades that have high odds. It's an odds methodology and that's why I developed the rating system and 26 things may seem like a lot but it's really not because when you learn it it takes you five maybe ten minutes to go through one gap and I can do it very quickly. I choose not to. I like to take my time in the morning but the reality is the more detailed you can be the higher the chance you're going to have at winning. Okay which is obviously what we want to do. So that's part of it. And I have a method and structure to enter and exit the picks. We're going to go over some trades here that we did. Again I look at the daily chart but I also take my trades on the one minute chart. The one minute chart moves fast. We're talking today about making money in 30 minutes. Sometimes I'm in it out of a trade in five minutes in 10 minutes and 15 minutes. That's fast because I'm trading it on the one minute chart and as I said earlier also you need good money management and you need goals. So if you're going to make say $5,000 a week really your goal is to make on average $1,000 a day. Again this is an average. So that's how you break it down and you work backwards from there and I think that really helps people. Sometimes the idea of making you know $250,000 a year for people is just completely overwhelming because they've never made any money trading at all and they just can't fow them how they could ever do this for a living or do it full time or make this kind of money or whatever. Break it down. Again I use the terminology chunking it out. It will help you get your head around these numbers once you break it down. It's funny because I live in Manhattan and I was talking to a friend the other day. I've been looking for apartments and we were just talking about things and like she almost fell off her chair about the rent for one of these apartments I was talking to her about that I was going to look at. People that do not live in New York City have no comprehension. Can't even fathom what it costs to live here. If you live here you understand it. It's not a big deal. It is what it is. You live here. But people that do not live in New York it's like these are these numbers just blow them away like they can't like this it makes no sense to them. It's like on a different planet okay. So if you're someone that's been losing this idea of making $250,000 a year which is not a million dollars. It's not even a half a million dollars. I think it breaks down to $1,000 a day. It's like to some people they can't even fathom it because because they've been losing for years okay. So if you understand that your head has it has issues you know mentally about wrapping your head around some of these numbers pick a number that's a goal per day or per week that you can wrap your head around and then you can increase it because sometimes it's just about the confidence. You lack confidence as you can do it and you've got to gain the confidence and that's part of the benefit of being with me and being part of my group if you decide to do the class and if you decided to join the live trading room I call the trades live in the room. You follow along while you learn take the trades and make money it will help your confidence. There's nothing like green to help your confidence again while you're learning all right. But again normal is one to one. While there are some trains that go far far past that one to one is normal. We did McDonald's let me just see if I can pull this up or actually no let me show you Microsoft. We did Microsoft last week this was way more than one to one trade as far as the games. We did this as both a day trade and an option but that was not planned. Sometimes things we went long this this was a long okay this was last week in here closed here gapped up this was a gap ran up here 10 points on the day ran up here again straight up like a rocket on Friday as well. We did the day trade here we did options and you're going to get out of the option here or here it was a huge straight. This was not planned sometimes you'll get something that goes more than one sometimes it'll get something that goes way more than a hundred percent it's not planned everybody takes the trade it just goes and all of a sudden you're up 200 300 percent without thinking that's the way those big trades happen they do not happen by throwing your whole account in something stupid like a gamble do you know what I mean like the like the GME let's look at that now since I brought it up which has collapsed and people bought it at 300 and it's nowhere near there but let's just quickly look at it do you see what I mean show again if you're one of these people that really can't can't wrap your head around some of these numbers because you haven't been doing well or maybe you never traded in your life before and you just can't wrap your head around it then break it down in daily goals and break it down in weekly goals and break it down in monthly goals so that you can wrap your head around it why this is taking forever here there so that you can wrap your head around it okay anyways people bought this all the way back up here 300 something 400 something could it go there maybe but do you see how that's very very low odds and even if it does go there someday you have no idea when and you're down in the trade till it does so that's not that's not what we do that's gambling I see the way it says he's late that's fine or her I don't know who the wiz is any questions right in the room anyways if you want to come and learn what I know and the strategy that I apply it's called the golden get course and it teaches you how to find pick and play the best bearish gap dealing and the entries and exits now I do teach a bullish class I only teach that class once a year I teach the bearish class once a month because we mostly short okay and again we're in and out very fast I will sometimes go long in the room though and even though you know I prefer to short if I see a gap like Microsoft we will go along because we went long Microsoft and that was a huge straight but I do prefer to short the reason I prefer to short and this is just in general and this is true is because selling happens faster than buying there's no emergency if you're thinking about going long I'll just use Microsoft you say this stock is strong I could go long today maybe should go long tomorrow you're thinking thinking thinking there's no emergency when you're in a stock there is more of an emergency thing which is the panic as it's selling off you see the difference so there's panic buying is something that rarely rarely occurs in stocks for the market it can occur I've seen it happen it's really really rare but you do have panic activity when you have stocks dropping and selling off okay and so that's why those moves happen fast okay so for the people that have asked questions about do they have time to do this now I know some people are working from home that's convenient if you can kind of do your own schedule with your job if you can work from home you can trade in your computer between 9 30 a.m. and 10 a.m. Eastern time if that fits your schedule you have the time to do my strategy and use it now if you don't have any time and you're back to the office and you really don't have the freedom to trade actively at your computer in the first half hour of the day maybe you want to think about doing options the options newsletter you don't have to do the class there's no prerequisites for that and the trades get emailed to you you have to put the trades on when you get the newsletter when they get come email to you and then you can just put a sell order a day order a cancel day order that will sell the trade if it hits that day without watching it okay if that's what you want to do my options trades and my day trades are both based on my gap strategy okay they're both based on my gap method so it really depends what your schedule is whether or not you have time to train you know five days a week or not I have a bunch of different people in different doing different things in the room some people are full-time some people are part-time because they have other jobs and they're home the days that they're trading the days that they're not they're not home everybody is doing different things and again the world has changed in the last year and a half so it's interesting because we're in still in changing times we're still in flux uh a friend of mine that works for jet blue they're they're having all these their people now they want all of them to work from home the back office people so more and more companies are pushing people now into work from home I guess the companies don't want to have you know they don't want to pay for the commercial space they don't want to pay for the rental space I don't know so more and more people are still going to continue to work from home I think I think this is a trend that will continue into uh 2022 so if you're someone that wants to train or if you are trading now and losing like I talked about a few slides ago you've got to make some changes to what you're doing you cannot continue to use the same method and strategy if you're losing it just doesn't make any sense you can train for income or you can trade just for some extra money or you could do this full-time I suggest finding a way to do this at the same time as you're doing your regular job until you can supplement your income or if you were looking to get you know retire sooner maybe you continue to doing this and then you want to just have extra money in retirement there are some people in the realm who are retired that trade with me so they're doing this for extra income to supplement the retirement so there's lots and lots of reasons that people trade but the goal is always to make money the goal is always to make money that's always why you want to do it and like I was saying earlier a bigger thing the biggest thing I find with people that have been attempting to trade for years is that they lack confidence and they just don't know what they're doing and that's why having a system to follow every day makes it a lot easier for you and also having a person to follow every day it makes life easier for you if I say I love Microsoft and you happen to rate it and you like to tune that's the confirmation for you you understand but it's really just having the backbone of the structure and that's something that a lot of people lack they get up in the morning and they lack the structure and they just say well I'm I'm just not disciplined I can't do this it's impossible it's too hard I can't do it that's not true there are people that have never trained their life that I've taught that are making money and they never trained in their life before there are people from all different kinds of backgrounds you don't have to have some master's degree you don't even have to have a bachelor's degree you don't have to have read any books before you came to me either I teach the class from the basics to the ground up it's it's an intense class like I said because it's only in two days but I pretty much teach everything and I'm here for people when they have questions if they want to call me after the class if you want to be successful training if you want to be successful and make money the market you have to learn what to do the road that I took was not planned I took one class when I started out I thought I was going to be able to make money after that class like that I was wrong okay I didn't know what I was doing the class was a very very basic class on technical analysis which was a good foundation for me the class was expensive in fact it was more expensive than the class that I charge for now my class now is seven grand I paid eighty five hundred dollars for my class and that was 13 years ago actually so you know I thought it was going to be able to just do it and you know immediately start doing it for career it didn't work out that way it was a good foundation but I learned a lot of things a little about a lot was broad-based thing and it really didn't help you make money and that kind of like took me down the road where then I said I've got to find something that I can make money and that has to be more pinpointed and more targeted because what I learned was just a blanket of stuff and that didn't help me to make money when you want to make money in a train it has to move and you got to get the direction right if you get the direction right it's something like Microsoft you don't even have to think you're making money if you went along that stock at all since the earnings you're up I don't care where you took it literally when you get the direction wrong you're screwed it's impossible to make money you're going to lose okay so the whole thing that I do about my analysis in the morning is one finding the right pick that's going to have a big move okay and then getting the direction right and the pick counts because the fact is that I know you know people love to do these low-fault stocks these cheap stocks these penny stocks whatever I think they're dangerous I do not trade those things you have to take like 150,000 shares or 200,000 shares of some of those things to make any money at all but they don't have any volume and they're not they're not traded by institutions so all the stocks I'm looking at traded out of have tons of volume they're familiar with your companies their companies you know about them all of them okay and they have lots of volume and institutions are trading them what do I mean hedge funds big hedge funds little hedge funds professional traders okay so they have tons of volume Johnny have a question I see your writing but it's stuck I don't know if Kathy if you can help Johnny and anybody else so anyways getting back to what I was saying you've got to get the direction right and the pick is important too so that you get the movement okay and that's why taking it seriously is important and that's why you have to learn it's like like I'm working with a real estate agent to find an apartment they're telling me lots of things they're the experts in real estate in New York City they know this building and that building and what building had you know bed bugs and what building has lawsuits and what building has structural problems and this that and the other thing I mean I wouldn't know any of these things if I weren't wasn't working with them they haven't found me an apartment yet but they're steering me clear of problem places okay so you know you go to an expert when you need help in an area that you're not an expert in I'm not an expert in New York City real estate I feel like I'm sort of becoming one from all the research that I'm doing and and my own and then also working with them for a year but uh you know the reality is that you go and you hire an expert what do you want to learn how to do something that you're not an expert in uh Johnny is asking is the checklist tick off method oh that's funny tick off method you are so funny Johnny or is there discretion inside involved I will say that uh there is discretion in two of the points how's that for being specific to two of the 26 I would say might be insight to a restaurant you just follow it and again that's part of this slight nuance in learning do you know what I mean in doing it for a long time and again one of the benefits of being in the trading room with me is if I have two things and I want to do one and I'm narrowing it down between a and b you know my intuition or whatever you want to call it my insight my experience I developed this system I'm doing this for 13 years you know will take me to the one that is the better trade do you follow me so there's no substitute for experience and it's so interesting I mean some people have followed me for so long and you know I don't know what they're waiting for it's like all the time they could be trading with me and they're missing out on years and years and months and months of experience to be with me because there is something to be said for that absolutely so learning from someone may cost you money upfront but it's saved you money in the end you learn how to focus and trade smart without going a lot detailier because I notice it's five o'clock and I don't want to go too much off topic but like I knew a hundred percent that Microsoft would go to 325 on the day that I called this train I did send an email out then for people Rick I see you here Rick you're here Rick is on the options letter Rick did you hold this trade to 325 or what did you do with this trade here Rick Rick got the trade I knew a hundred percent a hundred percent it would go to 325 on the 27th it did now how did I know that that was a far far far away from where the stock open the stock open at 316 it actually went up to 32609 see it now how did I know that experience but I shared the information with the with with the traders Rick are you there hello Rick isn't writing Rob is writing but it's stuck okay let's go to Facebook so we did a couple trades on Facebook let's look at the gap in Facebook this is a daily chart here we go stock closed here gap down dropped so up in here take it to the right you see where this was the night before around 340 and change and whatever gap down in the morning fell where is it at 325 see it this was a short here on this particular day it was the 22nd so this is a gap down then it rallying the next day this must have been Friday this was Monday the 25th then it got down now again this was news this was last week I didn't remember what it oh they were changing their name or something I think whatever it was some kind of news stock fell off an absolute planet it gap down here fell we shorted it got the drop there's the volume okay so let's look at this one here now this is a fast train this is a quick train this was an options trade last week it was a put now what's a put a put is a short the strike was 31750 but it didn't for an expiration date of Friday because I just wanted to get the move quick but this was one was really quick the cost of the trade for one contract was three dollars and sixty five cents twenty five contracts cost ninety one twenty five this is an advanced trader risk you're risk half this you could take in one it was three hundred sixty five dollars you could have taken four whatever you decide you want to risk per trade profit was fifteen thousand eight seventy five which is a hundred seventy four percent return investment this is a nice nice trade now let me go back here to this facebook actually now let me pull it up here this was just actually it was a week ago today's Tuesday that was Tuesday yeah so this completely sold off it's a hundred percent retrace the sell off here since then now I'm not long this stock just to clarify here I have not called any trades in this since the day that it sold off but do you see that this was a good day to play it this was a good direction to play it you had the big move boom you're in you take it you're out boom in here this is gobbledygook do you know what I'm saying none of these bars are big yes it gapped up but it's not really going anywhere here you take it boom out done boom okay you see the concept here of chunking it out and playing momentum and getting the big move this is a big move so this happened in one day or less than that it was a couple of like was in the afternoon I can pull up the 15 minute this is one two three do you see what I mean this is take it get in boom out done Johnny I don't know what you mean I'm not affiliated with any any group I own the stocks which is an educational company I'm not affiliated with with anybody else Rob I think you're on the marketing list I've been sending it out I can find the most recent to send you but I think you're on the marketing list where I send the results but I can go back and find the most recent email but I thought you were on the marketing list but does everybody get the concept there on the Facebook okay then let's talk about the cues okay so again taking a look here at a couple gaps this is a day chart this is the this is the ETF for the market closed here gap down fell boom could have shorted this nice drop even though it closed with a tail this was a big drop you take it boom get the drop get out boom here's another one close to your gap down take it get the drop boom out boom we've done this one here take it get the drop boom out boom you see how you're trying to get momentum momentum momentum momentum in out in out and again I'm show I just showed you an options trade but you can do this with day trade you can do this was options now I'm going to go over here the cues option we did this was money the fourth let me find the Monday October fourth oh this was the one here we did it so the market closed here gap down we did the 357s we did the puts which is a short as an option get the drop take it get out so this was three three dollars and eighty cents for one this is an advanced risk 20 contracts is 7600 sold at 760 profit 7600 again you could just put the order right you could say wait a minute I've got a lunch meeting today I'm on tv I can't watch it at 100% I went out of this thing put a sell order at whatever you paid for double it up and you're done it hit we did the 357s now this is a beginner risk 380 three contracts risk 1140 shoulder 760 profit again 1140 some people do this because they can't watch some people cannot watch and they put in in order to sell it at 50% at 50% 50% it's good if you risk a thousand bucks and you could sell it and make 500 that's a good trade that's a good trade so again you set your risk according to the size of your account if you don't know what to set it at you can ask me and I will tell you what I think Johnny your thing is stuck again your typing is stuck again Kathy maybe can help him anyway success or failure has everything to do with the quality of your system if the quality of your system is good you will win in more trades than you lose there are trades that I lose in I don't like to lose the thing about being with me that's beneficial is I don't like to lose someone asked me in the last webinar why don't I go over losers I'd like to have amnesia about losers I don't want to focus on losers I want to focus on winners I luckily do not have that many losers but I certainly don't obsess or focus on them I think one of the biggest mistakes that traders make and this is my experience as a business owner now and talking to people that have traded in the past and are still trying to be successful they're not clients of mine they're people that are thinking about coming to me and they they've been you know losing money in the market is that people obsess and dwell on losses in the past those losses could be from bad trains they could be from taking classes they learn how to train like I told you I took a class when I started and I didn't learn how to make money doing it but I haven't obsessed about that and if I had I would have never figured out my own system so you know you really do have to have amnesia about things that have happened in the past think of it like relationships you should have a good positive relationship with stocks and you should have a good positive relationship with money because if you do then you're going to be able to move forward with success and a success mindset if you obsess and dwell over past relationships like romances you've had or if say you've got remarried and got a divorce or it was a bad breakup or something like that how are you ever going to move forward and fall in love again how are you ever going to get married again or whatever the case may be again you want to be happy someday don't you do you want to dwell in the past of failed relationships no so training is very similar to that and you need to think of it like that and and far too often our traders obsessed with the past you should look at it like really a relationship because really if this is an individual activity that you're doing with the market and the relationship is between you and the market and really money so it really comes down to the dumps of ultimate of your relationship with money Johnny are you asking about prop accounts is that what you're asking about there are tons and tons of proprietary day trading firms out there you can go wherever you want as long as you can actively day trade and have charts okay you can go wherever you want I'm not affiliated with anybody uh there's one person that I will refer people to because I traded there in the past a long time ago but you are not affiliated with them and by no means do you have to go there you can go wherever you want I mean people are trading with now this Robin Hood which you know I mean you could open up an account with $500 there I'm not saying to go there and I'm not affiliated with Robin Hood at all but there are so many places now that you can go and actively train you have to do your due diligence and check on the places that you want to go to but you do not need um hundreds of thousands of dollars to trade if you want a referral for a broker though Johnny I will be happy to send you one just email me but you can really go wherever you want uh great effort thank you well you well as far as doing the orders the broker will teach you how to do that the broker will can even set up your charts for you they can jump on your computer and take it over like Kathy does and set everything up for you if you want that's actually the easiest part but if you never pressed a button before after you get everything set up after the broker helps you set everything up so you don't fat finger something I would practice with you know one share or something or hundreds share lots I would practice very small uh the first time you ever trade it that's the easy part pressing the button to buy something and sell it or short something and buy to cover is the easy part you learn how to do it a couple of times it's you're done it's the whole thing of making the choices and the picks you can practice even on a demo without live money if you want you could even do that now you know how do you become successful day trading the number one key ingredient to becoming successful as a trader is having a specific system and strategy that can offer you reliable and consistent profits on a regular basis that's what I focus on doing again I focus on winning trading success and financial success in the market is not by accident while there are some people that are all into these get rich quick Reddit stocks I'm telling you more people in those stocks lose it's great you say we get lucky I consider I get lucky when I get a Microsoft trade I didn't plan on that I didn't know that would happen until it did do you see what I'm saying those kinds of days are days that happen that you have fabulous days but it really if I didn't have a system if I didn't have a rating system if I didn't know the things I know I would have never found Microsoft no one it was going to go at least a 325 no is going to have a big move go along it no is going to work as a long people shorted that stock that day and if you shorted that you lost so again it's by pure design I set out to use the information and apply it boom boom boom Monday Tuesday Wednesday Thursday Friday okay once you get the high event you'll be fine anyways you've got to have a niche okay uh get a metro same with the real estate agents you know that's their thing that's their niche they are they do they're not experts in every market they are experts in the Hamptons they told me all that was happening in Hamptons in case I want to buy a house there they are experts in Manhattan everything's happening in Manhattan here they're not experts in Philadelphia Pennsylvania of the real estate market there they don't they don't know what's happening at the market there they don't know what's happening in San Diego California you understand so it's not just your your it's it's just fine tuning it again so it you again a general overall broad-based thing was saying well the markets are good right now real estate's gone up that's not you know you need someone like to niche like what's the right neighborhood what's the right building these things they make a difference and that's what I do it's not just blanket trading across the board it's fine tuning it we've got to get in here in the one minute and we got to pick this stock and here's why and we're going to short it and here's when we're going to short it and here's when we're going to get out of it this time at this number it's a niche you understand that is what you need to be successful and I really think you need that to be successful in anything the real estate agent is a good example but I could say that about a million different careers you know there are some uh there are some actors and actresses that are extremely good very successful why they they have a niche with whatever they're doing then there are some that are just kind of successful a little bit not really or then some that are just failures and not successful at all okay and it's just it's just I could go on and on about so many different things if you were an attorney you have to have a focus you go to law school but you know you want to do really well you have to have a focus what are you going to do litigation are you going to do a corporate you know I mean it's just you have to have a focus on what you're doing that's how you're going to make a lot of money people are going to go to you say mr show and so is the expert you follow me show you've got to grab hold of what works and so my system is based on I was saying earlier institutional money institutional money moves stocks I figured out using the 26 point checklist institutions bought Microsoft again why I don't know and I don't care it must have had great earnings maybe it did maybe didn't I don't know I don't have time to read the earnings I get up at 5am I'm rating my gaps I go work out come back trade boom I don't care what the earnings said maybe the earnings were bad maybe they were good but Microsoft was bought by tons of institutions or would not have gone it's going to flip to the chart again quickly and had the move it did as quick and fast as it did without being bought hedge funds bought this stock again 401k money is in these stocks in the market the stock the night before earnings close at 3 10 11 let's just take it from today's clothes today's clothes was 329 this is 1234 so within four days here look at that move I know the stock is in cheap I know it's over 300 a share but that's still a huge move for the stock to move 20 to some points like that in just four days okay it was bought and if you look at the volume again it's tremendous look at that it's the v square third row down see the v let's look at the friday volume too crazy so again it's very easy to make money when you're on the right side of things and traders for the most part really cannot make moves like that it's institutional money so my niche is looking for the institutional money gaps there are lots and lots of gaps most talks gap every single day how do you know which cap is going to move up or down because i'm looking for the institutional money gaps are creating with large institutional money that is what makes the gap in the first place and not every gap down can you short and not every gap up couldn't go long why not every gap is creating with institutional money i'm trying to pinpoint the ones that are the professional gaps that happen to 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 correction to play the gap and confirm that the large money will flow with it so the 26 point ratings system pinpoints the direction of the footprints of institutional money and gaps they're telling me microsoft's going to get bought it's going to go it's going to go big and it goes and we got to get in and we try to get in as soon as we can meaning the first five ten fifteen minutes of the day okay so when i'm looking for the footprints i'm looking for what money sometimes it's money that sells a stock so we short it sometimes it's money that buys a stock therefore we go long it okay but again i told you i prefer to short so by having a formula to reign and qualify the gap i get confirmation confirmation and conviction that the large institutional money is on my side and i play it gaps are an event they're an event in a chart in a daily chart you gotta have a daily chart you set it up johnny was asking about broker you set it up a daily and it this creates a sense of urgency what do we do what do we do an action then is being forced by participants of the stock and this is why gap training is incredibly powerful trading gaps and specifically golden gas which is just a term that i coined my system because it's like finding gold in the market microsoft is a good example it's a powerful and profitable way to trade because you're trading the side of power money now while you might have found microsoft yesterday or friday or whatever the entry that we had in it on thursday was early and quick and fast and good so when you get in something the earliest you can get in it which is close to the low of the day and long and close to the high of the day in a short you have choices of where you want to get in and out you can hold it if you want to you can get out of the quick if you want to you can get out of half of it and hold the rest or whatever you want to do blad i don't know why you don't come back to the room i said that's you on the email the other day glad said he's happy i'm doing well i do not know why you don't just come back blad for years you could be trading blad is an old timer now let's look at iantc this is a daily chart stop close to your gap down boom right up here it was around 56 and change fell down here in the morning this is the what was that there was a 22nd was around 50 something we shorted it look what it did after this now i didn't play this after this but look it went boom boom boom again this is institutional selling came in we shorted it here in the day but you could have done it for the week and again i did not but you could have all right we shorted this at $50 4,000 shares risk is 2600 exit was 4925 boom profit 2800 this is a day trade this was a fast trade here on this day see the volume now again i'm going to go back to this newer chart here because i clipped this from the other day again you could have done an option in this i didn't you could have done a swing trade you could have shorted it a couple days in here as an equity trade i just did it the one trade but you see the nice follow through there this had followed through microsoft had followed through this was followed through the downside microsoft have followed through the upside sometimes my my gaps are a play as i should say do have followed through i try to look for something new every single day but many times you could go back and look at what we did yesterday and it will have follow through that's something that you can think about for longer term investing or swing trading if in fact you want to do that it goes back to the quality of the gap it goes back to the high quality of the gap rating which made the trade work in the first place when i rated it on that particular day i i like to do something new every day to get the bigger move in the first day we can get it but very often you do have nice follow through in some of these things and i don't always play all of these as options so sometimes i'll do a trade as an option and a day trade if i do that it's really really good and those are the ones you want to go in like microsoft was one of them this i just did the day trading was done but this did follow through and continue that was a short it had selling i called the trade in the room in fact i think this was the week of the open house i think it was okay let's talk about facebook we did this a bunch of times i was talking about this option again that was last week we did this on and this is crazy now actually this is a little expensive we shorted this again as a day trade an equity trade what does that mean it means not that you need the full cash value you have to have something called margin or buying power for example if you have a retail account you need a minimum of 25 000 and to to trade on margin and you would get what four to one buying power so you would have 100 000 dollars in buying power with 25 000 cash you're not risking 100 000 that helps you take a position in a stock for example like facebook because the cost of the position is and again this is just an example here would be 312 dollars and 90 cents per share you divide that by four for the cash but anyways that's how you do margin trading everybody that's an active trader trades on margin and we're in and out quickly and we're flat we're not holding these trades overnight if i'm holding overnight i'm doing an option and i have a fixed risk whatever the number of contracts i take okay and any questions about that let me know our margin because someone's asking about brokers anyway shares was 2000 risk 2800 exit was 311 50 boom again a dollar out boom right a ways take it out a dollar out get it you're out 100% risk 2800 make 2800 so we talked about this as we talked about this put earlier here's the day trade it was the same day same gap selling different way to do the trade this was on margin the other one was an option where you pay a fixed cost or you do them both again there are people with me that are doing the both because i'd like to do them both but you can only do one or you can do both okay oh this is from rick and rick is here rick he didn't answer me earlier rick wrote me a very nice testimony and i said thank you rick because i know i i i never get nice things from people even though people think nice things nobody takes the time to write them rick he didn't answer me earlier are you there rick rick's been on the letter i think a couple of months he's been trading options rick you have not done the class yet i don't think have you i don't think he did or did you rick rick must have me a mute but he's here anyways any questions from anyone anyways the system makes sense i make good choices because i rate the gap every day when i get up he's counting his money how funny maybe he is because he's not answering and i can see i see his uh name in here anyways the system tells you how what and when how do you make money the market you trade a strategy and system that's profitable okay golden gaps are profitable and they focus on momentum what stocks should you trade stocks a gap and rate 20 points or more you don't need the perfect score i rate the i rate i'm going to do the highest one when you trade them early in the morning on the open when they set up a trigger as soon as we can and if i send out an options trade in the pre-market which very often i do like at eight a.m then you do it after the open you do it after okay you cannot do options in the morning early but sometimes i know super duper early that i like something i want to do it now to hit these kind of numbers what do you need to risk some of these trade risks are advanced i've been doing this for a long time you absolutely should start out even if you have the cash to trade with a high level of risk start out with a couple hundred bucks you can work it up have one good week step it up take your time you've all the time in the world to do this but if you're looking to make an average of a thousand dollars a day like i said you need to risk about a thousand dollars a trade this is not have anything to do with your buying power margin this has to do with their risk per trade which is what it's a difference between the entry and the stop if i say 10 by 50 that's what 40 cents risk you count your share quantity based on the 40 cents okay so i am not taking 2000 2000 2000 i'm not taking the same share size every time because my stop isn't the same every time again i teach this in the class but my dollars and cents a risk amount is close to equal each time follow me because again your risk cannot be crazy different in each trade i think the most important first people thing for people is to be grounded be grounded in your choices this doesn't mean you're not excited about making money it doesn't mean you can't make a lot of money people run into these reddit chat rooms because i think they're going to get rich you can do something else accumulate wealth over time by learning how to make good choices in the market and again this is active trading you could call it investing and you want but it's really just active trading and i say chunking it out you make good choices that you use it over the light of your lifetime and that's how you build wealth i had a guy that took a very small account um he had five thousand dollars in it and this was over the summer he was just doing options and within six weeks he had over 20 grand in it it's very possible you've got to make good choices and it does not have to take forever i think the consistency is what's very important and it's something that people just get sidelined about you know you're gonna have questions you do the class call me on the phone ask me a question email me ask me in the room that's okay and don't be pigish about targets don't be pigish about targets either uh particularly you have to remember when you're up in a trade it's never over to the fat lady sings which is what until you're out that's part of the problem with this market i was talking about that on cheddar the girls asked me where's the market going listen it's going up right now it could come up for the next two months it could go up every day for the next two months till 2022 i don't know if it does or not it could but you know it's not going to keep going straight up forever that's the thing that's the thing so eventually you have to take profits all right you cannot have piggy targets for everything you do anyways getting back to the beginning of the morning we were talking about it a system consistently helps you stay on track you will not get worked up about the fact that some trades lose even though i don't like that either because you had a fixed risk and you allotted that this many will lose and you know that tomorrow you will get up and you will take one that wins and therefore that's how you keep going okay it's like taking you're going up the ladder you take five steps up you might take one step back two steps up one step back three steps up and you keep moving forward it's like if you ever wanted a diet so you go in a diet and you then you're on the diet you're doing great for two weeks to get invited to a halloween party and you're like oh crap i i want to go to this party and you're like i'm i'm going to stand the diet i'm going to stand the diet you go to the halloween party everyone's having a good time you want to have a glass of wine it's not the end of the world enjoy yourself for the one night at the party you get back on the diet tomorrow you get back on the diet tomorrow and you have to live life this is part of the process again you have to keep going you can have little step backs it's not the end of the world it doesn't mean you lose your whole account on one day and go hog wild and go crazy so many people it's like the end of the world when they make silly mistakes you've been there for sure yeah anyways what else was successful profits in the system money management having a good mentor i use stops again i teach this in the class but i absolutely do use stops i do not use use stops and options because i just get out when i'm up and the amount that i risk is a stop i can't lose more than i risk so for me that is the stop but you know you just you can't lose a lot yeah you have to have a cutoff point that's why i you i call it a hard stop but it's a limit order stop when i daydream because things can go against you pretty fast like we talked about the fact that i take trades quick well if i get hit out of something boom i could get hit out of it like that i'll retake it i'll i'll call it a retake i take it again then because what if it doesn't set up again i can't let something go five dollars against me okay again this is all part of the process and all part of the system if you want to be an active trader you can't lose a lot you're going to have some losses but you can't lose a lot so you have to condense them you have to have more winners and losers and the ones that lose you can't lose a lot okay so that's part of having the stop and again focusing on quality which really helps too it's the reinforcement of the discipline behavior and you learn in the classroom to put the stop i call it in the room live but it's really not about quality i mean it's really not about quantity it's about quality it's going back to what i was saying earlier it's like you hire an expert for something because you want to know what to do i could have talked to 10 different real estate agents to try to fish it around for information about the market but that would have been a waste of my time and a lot of them probably wouldn't have known what they were talking about it's not about talking to a million different real estate agents i just wanted i need to find one good one that will find me something that meets all my criteria and give me good advice and so that's what i'm looking for so i need one good train per day that's it i don't need to trade all day i do not have the room open all day till four o'clock we close the room by 10 o'clock 10 15 maybe 10 30 if i'm lecturing i'm looking for quality trains not quantity trains the best days i have it's only one ticker symbol one stop and i'd love to do a microsoft every single day where i do the same trade in the same option and the day trade every day that doesn't happen all the time but that's all i need then you plop on the size and you're good to go and that's people say well how do you make more money you add size you do as a day tree you do as an option you take more risk that's it and if you are making quality trades and your win ratio is high you can take more risk do you understand so that's that's the difference it's the quality not the quantity some trading rooms are open all day long it's difficult to follow the people that are even calling the trades in the room it's crazy i don't even know the people that are calling the trades remember doing all the trades are calling so many and you can't follow them i was in a room like that when i started it was annoying i couldn't do all the trades i couldn't even follow them all it was nuts uh you know i i didn't realize then even that i didn't like that i just didn't like that plus the day goes on and you get tired as the day goes on and your eyes get tired too you'll make better decisions if you condense and i always said i can be perfect for 30 minutes a day i don't know if i can be perfect for six and a half hours a day from 9 34 but i know i can be perfect from 9 30 to 10 or 9 30 to 10 30 if i need to meaning a laser focused you know turn off the tv turn off your phone don't look at your email focus on the you know the chart and do what you need to do and react quickly because sometimes you do have to react quickly to things i think one of the reasons that again traders loses they feel like they're taking pot shots it's like a 50 50 and again i do options in a directional way i buy the putt and i buy the call boom you know people are doing all these things to protect themselves and then when they make profits they don't make us they don't make as much when they lose it don't lose as much i don't do spreads i either believe that it's going higher or believe it's going lower you know any questions you're saying luchas gracios but did you ask me a question kathy if you read something i missed it um okay we were talking about return on investment again that's for options return or risk is in trading because you need margin and buying power again if you need a referral for broker ask me or you can pretty much go wherever you want but getting back to what i was saying if you know what something's going to do before it doesn't you can make a lot of money did i know microsoft earnings would be up no no i did not but when i saw the gap i rated it then i made the decision so i'm not predicting the gap itself do you understand i'm seeing the gap and then i rate it and then we do it now sometimes i get a feeling i don't train on feelings but sometimes i do i was just on cheddar live and they had two earnings clorox and cars that we talked about they're both up we were having a conversation about clorox before the earnings came out and then it did what i said that is not a trade that i'm in and i don't know if i'm going to do that trade tomorrow but it was a feeling when i looked at the chart they said we're going to talk about clorox so i gave i gave my insight i said if it does this then this and then it did it i don't trade based on feeling or insight i trade based on using my system but i will say this when my intuition matches up with my system then it's a green light for me and that's again experience and doing this for as long as i have been i think the difference between me and going to other people to learn stuff is other people do a plethora of things and they're really not an expert on one specific strategy because i focus just so narrowly on one way to trade using this gap rating system it has heightened my intuition that you can call it a six cents you can call whatever you want but it makes it very beneficial to be with me because i will give sometimes insane targets and things and they will go there or call trades that you don't think are going to work and then they end up working you know that extra layer does help but it's because i'm doing it a long time it's like somebody that plays tennis or sport there are a lot of good tennis players out there there are a lot of professional tennis players out there the people that are at the height at the top top top that have won all the awards and all the trophies have been playing for so long why is that you know there are reasons that there are people that are at the top of the cream of the crop and that are extremely successful um i don't see any time stamp blot at 1716 i'm sorry if you ask me a question can you just rewrite it kathy doesn't she doesn't see it either i don't know if you have a question about something that you asked 15 minutes ago i don't see it dear can you can you write it again kathy doesn't see it either uh what else are we talking about getting the direction right focused getting the large directional moves rating the gap in the morning using the checklist it tells you what to look for in the price of the stock go with the flow of the money that makes it a lot easier for you as well again we talked about opening up a trading account you can wait to do that after the class you can practice on a demo practice with small size and that's whether you're doing options or day trains you gotta practice how to put in a stop okay but it's really important to focus on one thing when you focus on one thing you will have a higher chance of success and also again doing less trades you know it's the idea of doing size to make more not doing trade trade trade trade trade so this idea is very doable to make this kind of money and if you can't wrap your head around it because you haven't done it in the past or you can't imagine that sitting in front of a computer for an hour a day a half an hour a day you can make this kind of money if you just can't you'll see very quickly with me that you can but you know it's keeping it up with the consistency and the focused account sometimes i get up if i'm tired if i'm tired if i'm distracted you know i recognize that you know i you know i'm running a business i'm running the room i have to be there but sometimes i have to do meditation visualization before i trade then to get focused you know everybody is off days if you've got kids or pets or spouses and you're having a bad morning maybe you don't trade that day maybe take the day off you can be you know laser focused if it's there and if it's not if you're distracted or you're sick like i said then you don't trade like i don't trade when i'm sick uh okay blad's question here is what you can you can you cannot take options trades in the pre market or the post market you can only do them on the day you can take i think you can enter um etf market etf's 10 minutes for the open times for the close i don't suggest that and i don't do it but you can't trade stock options like that so between 9 30 and 4 is all you can trade options stocks uh trade in the pre market and the post market of the hours of the pre market post market i've got up as early as 4 a.m when i've had to be on tv and seen seen the pre market and i think the post market i want to say it closes at seven or is it eight i don't know it's been a long time since i've stayed up watching the clothes of the post market but i'm not trading that we're trading on the live day follow me and you can use whatever charting service you want to use as long as you have day charts okay getting back to the webinar thank you for letting me go over a little bit here caffeine you want to be deliberating your choices it's called conviction i talk about this a lot in the class i think when you understand something and you have the knowledge it will help you risk money and it will help you get conviction people never get to that point because they're all over the place so you see how important it is to get to that point you have to believe in something and to believe in it you have to understand it and you have to use that system over and over and over again okay but in order to achieve your financial goal of making 20 000 a month you've got to stay focused and you've got to have a plan of action to do it so i teach my class it's called the golden gap course the golden gap course teaches a 26 point rating system to find the best stock to trade each day the course teaches what direction to play the stock it also teaches you how to play the stock on the live day and take the answers and exits the class teaches you how to read institutional positioning and stocks the golden gap course teaches you how to day trade gaps you can do it for options you can do it for equity trades you were talking about share size it's not the same my monetary risk i try to keep similar but this isn't an exact science sometimes i'll take the trade it's 2,500 sometimes it's 2,800 i gotta get it i don't want to miss the trade because i'm messing around but how much you make is a function of how much you risk okay you've got to be consistent it's share size based on the stock it's the more you risk the more successful you can be as far as the monetary things go but you can't risk your whole account if you open up a prop account with five thousand dollars you cannot risk five thousand dollars in an amazon option for example you cannot do that you have to use a portion of your account this seems like basic but it i have to repeat myself because people need to know that so put a plan of action in place trade only golden gaps a rate according to the 26 point rating system so you have a high rate of success and directional bias to get the best entry you can with precision early in the morning to get good risk to your trades again you know you can get one and be done and out you can let some of them run a little bit see if they keep going it is earning season we get the big movers that's what happened with the ibm that's what happened with the microsoft there will be others this week and next week it's a good time to trade right now and you need to create a money management plan for yourself to achieve your goal there are four quarterly earning seasons in the market one two three four we're in the last quarter of the year we still get gaps when it's not earning season we just don't get as many so i may do more day trades and more options in an earnings season week and we get bigger bigger moves than in non earning season okay so the earnings season is the rest of this month any questions the whole philosophy though of the checklist is to find a high probability of directional bias for the entire day a big move in the day ideally early confirmation of the bias in the move between 9 30 and 10 and precise entries with follow-through and a good risk to word target potential that is what i want i'm trying to get that in everything i do that is always my goal one strategy is all you need to be successful in the market you do not even general overall broad-based view to make money tons of people have that and fail all the time so you've got to learn how to read institutional money in price patterns and gaps and if you can do that you don't need to do anything else you really don't it's just a function that of size and adding on the size of the trades and if your reason for doing this is to make money you will if you follow what i'm doing i really am very good at what i do i call the trade and rick you're not answering me so i don't know if you're there or not in mcd i did not do a video on that yet i will do a video on that tonight if i'm not too tired we're done that was a sick sick trade i that was ridiculous we did put this up here we did an option forget what day this was even he did what is today monday today tuesday no today's monday we did it was last wednesday rick i don't know where you are because you look like you're there but you're not talking he did on wednesday we did the 245 calls look look at this this is insanity it was an option doesn't expire till friday i can't imagine anybody wouldn't have been out of this today is it higher probably i mean this is i mean it's just like sometimes i'm on a roll i feel like i'm on a roll lately but that was a sick call similar to microsoft but you know made new highs 251 69 any other questions here rick i don't know where you are you must have me on mute anyways the class is a 26 point professional bearish gap rating system the purpose of this system is to have you value it was got to trade each morning using a checklist the checklist tells you what to trade when and in what direction the 26 point checklist predicts directional bias in a stock the class for november is this weekend people november 6 and 7 it's always on a weekend starting sunday class is online again i'm in eastern time zone class is online the tuition is $6999 you must email me for the forms if you want to sign up you cannot sign up through the website you must email me fill out a questionnaire i'll send you the outline what's included in the class if you're interested email me at melissa at the stocks which dot com and if you would like a trial to the room email me to glad i really think you need to come back to the room i think you're missing out you can still work on your other projects on the side flat and come back to the room you can do that you know johnny i don't know if you had any other specific questions from me about what you were saying let me look here brokers or something like that i don't know what your other question was rob m do you have any questions we went a little over i appreciate that it was a good lecture if anyone would like a trial to the room this week email me at melissa at the stocks which dot com if you have questions email me if you want to trial this week email me i don't know what we're going to do tomorrow i i'll look at it tomorrow i mean i can look at stuff at night but i usually wait to the morning i'm fresh you know rested in the morning so i usually have a new view on things but but there was a bunch of stuff that was up tonight that if i don't see any good shorts we might do a long tomorrow you never know johnny's typing do you have a question room opens at 8 30 am eastern but i don't get on the mic till after nine could be nine could be 915 ish but i write stuff in the room like if i like microsoft i'll write microsoft in the room and eat 30 so you'll see what i like if you're there but i don't start talking until after nine and then the room closes whenever we're done trading well i mean we'll close room at 945 if we're done i do not trade all day johnny's typing another question go ahead or what you're in sit you're in australia okay well that's 11 o'clock in australia i've had people that traded with me before in australia i don't think i have anyone in the room right now but in the past i have i think the most difficult time zone for people that have been with me what have been hawaii it's like 245 people have to get up in the morning or something crazy hawaii's rough you could trade at 11 o'clock at night you could stay awake for that hawaii is rough you know i've had some people in hawaii it's tough to get up that early in fact i had i had a couple people and then they would go back to bed it's rough though 11 o'clock at night in sydney that's okay and he just you'd be in bed by midnight excellent very good any other questions email me i do have people in other countries that are in the room yes it's you can trade the u.s market from anywhere in the world the hours that were 9 30 to 4 like i said you know new york time was just good for me i'm a morning person i like getting up early it works for my schedule but you know you could have to make it work for you wherever you live in the world again if you're in europe it's you know afternoon so i have taught people in every country including china and from far-ranging places and then people have to make it work for themselves so it's it's really whatever you figure out that works best for you you got to understand english even if you're in a foreign country though because i only speak english i call the trades in english and you have to be able to short and go long u.s stocks but there are so many places like i said that you can do it so many and one of the reasons that people like to trade that are in foreign countries that like to trade the u.s market is because of the volatility because of the volume because of the momentum not every single stock market in every single country has this same kind of opportunity so lots of people want to trade the u.s market again that accounts for a lot of the volume of the market as well yeah you can sleep in the afternoon and be up at night i don't start looking at stocks until i come back from the gym but i will look at the market as soon as i get up like at five i don't start sitting down to rate gaps till after i get back from the gym and have breakfast between seven thirty and eight that's my schedule that is my schedule glad you should come back to the room right now everyone i'm gonna get going so i can get up bright and early tomorrow morning and if you have any questions email me if you want to try i'll email me i'll see everybody tomorrow very good