 It's here with us and we will be starting promptly in just two minutes. You see the fireworks slide there? Looks like fireworks over New York. And maybe not. No, it's probably New York. And that's the... Actually, we have a lot of people still joining. Okay, and we're going to be starting promptly in just two minutes. JQ Public was the last person to join it. Before that, KW, Quick Fingers, Luke. Joe is here with us. This is Online Trader Central. Thank you, everyone. And welcome. It is New York. It is New York. Alright, fireworks over New York, everyone. Thank you so much and welcome. This is Online Trader Central. Start time in just about one minute. We have folks still registering. Thank you for being here on time. We do appreciate each and every one of you. Rack just joined us. We are fortunate that everyone is here on time and will be starting promptly at 5.30 Eastern time, which is in just about a minute. So, again, we think, oops, changed that. Donald just joined us. Again, this is Online Trader Central. We appreciate each and every one of you. We especially are... Oops, changed that. JL just joined us. So, the presentation is scheduled to start. And I'll bring on the... Let's do this. Okay, here we go. Drummers, are you ready? And with that, ladies and gentlemen, thank you so much. Please put your hands together and welcome our host and presenter today from theSoxWish.com. Thank you so much, Kevin. Thank you, everyone, at Online Trader Central. And welcome. My name is Melissa Armo. You'll have to bear with me here today. I don't sound like myself if you've been following me for a while. I have a cold. I've been fighting, but I'm finally starting to feel a little bit better today. And I'm lucky to be here with you. And you're lucky to be here with me. I'm going to talk today about the strategy that I trade. And it's really a common-sense strategy. One of the things that I like about trading is that I can trade very early in the morning and be in and out of my trades very quickly. And so we're also going to talk about that, too. And Kevin was mentioning the fireworks. Yes, this is actually a picture that I took from my phone. This was the Lunar New Year. It was a beautiful fireworks display going on for about an hour. And this is the Hudson River. That's New Jersey. And this is a view from my bedroom, from my bedroom window. So it's spectacular. And Paul was nice enough to put it in the webinar. So if you want more information, you can email me at Melissa at theSoxWish.com. Kathy's going to put her information in there. But today we're going to talk about making $100,000 a year trading 30 minutes a day using common-sense. Common-sense meaning a common-sense strategy, which is what I do. So again, if you'd like more information, you can email me here. And you can feel free to give me a call. And hopefully as the week goes on, my voice will improve. So if you also would like more information about testimonials from some of my traders, you can go to this website or you can email me. And I can give you some referrals to talk to people that have done my class. Mike has a nice video here. I did a trader interview with him about a week ago. And you can go to my YouTube site and subscribe there and watch the trader interview with Mike and also some other webinars they have posted as well. So let's get started. If you're a busy person and you don't have a lot of time but want to make extra money or thinking about transitioning careers, you know, treating my method, my strategy might be something you want to look into. A lot of people are doing different things with their lives. They have juggling career, family, home, and they want to make extra money and they don't have time to devote another 20, 30 hours a week to a part-time job. The nice thing about day trading is that you can do it in the morning in 30 minutes a day, one hour a day, 30 minutes prep time, 30 minutes while you trade and get on with your day. So the nice thing about day trading is that you don't have to give up your full-time job if you want to do it and it can be a nice way to transition into a full-time income or full-time job to get to the point where you quit your day job. And if you're tired of your career then you might be one of these people that wants to start thinking about transitioning. And all of this is a process. It's not something that you just wake up one morning and say, boom, you know, I'm an immediate trader. Everything in life is a process. There's a learning curve that goes on with learning and I run a live trading room, which I'll talk about later, for people to just take my trades. I call the trades in the room daily and people just take my trades and it's a very easy way for people to make money in the market after they do my class. If you don't want to work for yourself for the rest of your life and you want to be more self-sufficient is that a lot of people just don't know how to trade the market. And I get emails from people all the time and I get questions on YouTube and Facebook and people ask me questions about stocks and the very first thing I say is what is the strategy? Why did you take this trade or why are you doing this trade? If you've never tried trading in the past and you've thought about it and you need to know where to start then a good place is a foundation and the foundation really is that can tell you what stock every day to trade and in what direction to trade it. And I see some people just signing in forgive me, my voice does not sound like this at all normally. I'm a very enthusiastic person but right now I'm fighting a cold but hopefully everyone can still hear me clearly. And if you have questions you can write it in there and I won't answer the questions. If you're trading right now and you don't have a strategy or you have one but it doesn't make you good enough money, again maybe this is something you want to think about maybe you want to learn something new. I'm a firm believer that if you're doing something that makes money in the market just keep doing it. If you have a strategy right now that's profitable and you're doing well just continue on with it increase your size and make more money but a lot of people are doing things that are not profitable and they keep doing them. So the idea is to make money that's the reason you do it whether it's for full time income like making six figures a year or a part time income. It's something where you want to be profitable otherwise you're just kind of batting your head against the wall. And many many people are doing this they're batting their head against the wall they don't have a strategy they don't have any direction in the trading and I'm very focused on what I do every day. In fact I already know what I'm trading tomorrow. I looked at some stocks that are gathering tonight and I already know what I'm going to do tomorrow. How amazing is that to know exactly what you're going to trade you know almost a day ahead of time and this is the focus for me this is where the focus lies. So what strategy can you trade and make money daily in 30 minutes? It's golden gaps it's something that I created I termed it golden gaps or I coined the term golden gaps but it is a method that I use to determine what gap to trade each day in the market I prefer to short. For those of you that know me, you know I like to short and if you've never heard of me before this is your first time here I found that shorting happens and the momentum comes into stocks when selling action happens very quickly into the open between 9 30 and 10. So this 30 minute period that I focus on is between 9 30 and 10 a.m. and you get a lot of momentum that comes boom right into the trade right into the stock and we're going to go over what those trades are today. Now for those of you that are brand brand new if you don't know what a gap is I'm going to just show you here this is a review that you just have to listen a gap is a break between prices on a chart that occurs when the price of a stock moves a sharp move up or down with no trading occurring in between it's the difference between the close and open so this is a one minute chart So right up here we have the stock close the night before this is at 4 o'clock and here is 9 30 where the stock open the next day now this was Starbucks from last week this was an earnings report that happened that created the gap so the stock closed up here at around 60 some dollars and opened down here around 59 something so this is different from this where closed is different from the open and again there are stocks that gap down so this could have gapped up Starbucks could have gapped up to 75 dollars it didn't but it could have so that's what a gap is but like I said I prefer the downside moves I prefer to short and so this is another example of a gap this is MYL this is a daily chart so before we're looking at the one minute this is the daily see here where the stock close the day before so closed here at one price it was around 48 something or whatever then a gap down here to like 46 and change so the stock closed at one price and opened another price and here's what it did in the live day and it fell this red bar here to pick selling action and so what I do to make the money is to look to find which stocks symbol in this one here it was MYL and the one you're going to do each day to make money and then you're trying to find a train set up in that 30 minute period to take it to make money and that's really all that you need to train all day from 9.30 to 4 o'clock what many many people do is they just end up giving money back to the market or they chop themselves up in commissions and they're back and forth with wins and losses I make my life very easy by focusing on the morning time period and so this was a good one here and this is actually was Paul's trade I'll go over that today but gaps are a strategy that's set up in the market on a daily basis every day you're looking for something different every day I get up I never know what stock I'm going to trade every once in a while I do the market but gaps are a strategy that's set up daily and they provide moves that happen quickly in the morning and they usually finish very quickly now that's not to say that you can't hold some of these moves into swing trades or longer term trades but I prefer to do the day trades many gap trades set up and are done in the first hour first hour, first half hour of the trading day and you usually get 75 to 80% of the full days move within the 30 minutes and the reason for that is because institutions like banks and hedge funds sell positions into the open their traders have the positions ready pre-market to sell into the open and gaps happen like I said on a regular basis with momentum meaning to me is something that moves $1, $2, $3 and I'm not talking about very expensive stocks like Amazon or Google those stocks move you know $15, $20 on a day on a normal day I'm talking about average stocks between about a $5 price point and $65 I'm looking for a range of $1, $2, $3, $4 move depending on the price point KW has a question here only stocks and not futures yes I only trade stocks and we're going to look at we're going to look at Starbucks here which I did on Friday which was just a perfect example of what I do so well as a day trader which I'll talk about a little bit here in the chart but you know when you think about Starbucks something comes to mind the company you think oh the coffee you love the latte you like to drink the pumpkin spice I like in the fall maybe there's something you hate about Starbucks maybe you don't like something about Starbucks maybe you don't like the expensive you know the expensive some of the expensive coffees maybe you don't like the line of Starbucks whatever you have an emotion that goes with the Starbucks there's no emotions that go with futures do you understand the difference KW so when you were trading as a person and you were looking to make money as an individual trader a fixed amount of money whatever that fixed amount of money is whether you have $5,000 or $50,000 you need to take advantage of momentum volatility and so there's a lot of volatility that happens on a more regular basis in companies because emotions are high in companies whether those are positive emotions or negative emotions and so that allows for more play and that allows for more opportunity for you as a day trader to make money does that make sense hopefully that answers KW's question and anybody else that answers the question I'll just repeat it out loud so as I was saying trading is a serious business trading is a skill actually and it's a skill that can be mastered but you've got to get one specific strategy down to do it and like I said I focus on gaps to me it's really not a function of luck in the market to have a series of gaps to look at will I get a good one or not that meets my criteria I never know usually I do but it's a function of my own skill to be able to look at 50 stocks that are gapping and then pick the two perfect ones to do that isn't luck because there's too many stocks out there too many ticker symbols too many things gapping down and up and all over the place and you have to know which ones to do and it's you know sounds like a long time but actually if you're not watching the right stock at the right time you might miss it what if it goes without you if you don't find it on your scanner till 10 o'clock, 10, 15 the whole move may be done so you've got to learn the right method and skills and if you do this you can create your own luck and I certainly have done this I taught myself my own method and now I'm teaching other people then here I am you know eight years later it's one of these things the better you get at something the better you do the equity curve of traders is supposed to increase over time now you might take 10 steps forward and 3 steps back or 5 steps forward and 2 steps back but you're supposed to be going higher and most people are not and I found that it is because they just don't have the right strategy or they don't have the right focus or they don't take it seriously enough you know sometimes people say in 100, 200 shares well it's still a trade it's still money you have to still take it seriously whether you're taking 2,000 shares or 200 shares you need to take it seriously and some people do take it seriously I mean I've talked to a lot of people since I've had the business some take it seriously but they just are not consistent and the lack of consistency really is due to the lack of focus on the right strategy so a lot of gaps work so fast because of the sense of urgency and the sense of urgency comes into the open in for shorts like for the Starbucks it's a panic and I'll explain why in the chart in a minute for people that are going long if the stock gaps up it's more like oh my gosh I don't want to miss this I better buy it now if I don't buy it now I won't get a good price that kind of thing in fact if anyone wants to look at it I don't know if anything is but I saw some down gaps but either way something has to be done when the gap occurs it's forcing people to make a decision either they have to sell out of the position or they will rush to buy it into the open and again this is how people think and feel and it's the reaction and that's why you get more playing stocks and this is why you get playing gaps and it's to me it's the only thing that I do because I feel like it's the only thing that really offers the high level of profitability and consistency as an individual day trader a lot of day traders get chopped up back and forth because they don't know what to do and they're waiting until 10 o'clock well often I'm in and out of my trains in 5-10 minutes and I'm done and I try to be done by 10 o'clock every day but gaps are made by institutional money I mean banks and hedge funds that buy or sell stocks now KW is asking another question here what tools do you use to find stocks again I just have the top 20 down list in my platform that's it I don't have an extra scanner if you want to buy a scanner you can buy a scanner but I don't have an extra scanner I just use the top 20 list of downs and ups so you have 40 stocks in each of the exchanges and the NASDAQ and the New York exchange and that should come with any of your platforms that you pay for so let's take a look here at Microsoft this was Friday so Microsoft, well it was Thursday night actually, Microsoft had earnings Google and Microsoft had earnings and they both gapped down this was Thursday night so Thursday into the close Microsoft closed here around 55 something and then it had earnings and Thursday night it gapped down in Friday morning look where it opened there are a lot of production people do you see this here so the stock closes here at 55 something and it opens $3 lower that's panic now who was panicking, who were the panicky people well the people that own the stock if you own the stock and you were up in it at this price and you get out of bed and it's at this price you are in panic mode now you might be or you might actually be up, money still but not up as much but you still will be panicking so this panic action creates a sell-off now you cannot short every gap down there's probably some gap downs in here I can show you well let me look here this was a gap down here dropped, got bought this was a gap down here stock closed here, gap down, got bought there was another gap down here, got bought so you can't short every gap down but everyone that you find you can look at and evaluate and this is what I do and again you can look at up gaps so this was Microsoft over here this was the previous earnings it closed here and gapped up this was last quarter this is last quarter here in February the stock had gapped up could have bought it that day this day it was a short which was Friday and there it is so here was the trade the one minute chart is here so this is what I look to trade on so you want to make the money and you want to make the money in that first 30 minute period and you're wanting to make six figures a year and you can make way more than that trading when you get good but the idea is to start out from the vantage point the vantage point is you find first Microsoft you determine if this is a short or a long and I'll explain this in a little bit here which is my system but if you determine it's a good short then you're going to watch it at 9.30 you don't do anything before the pre-market okay so the stock closed up here last night or this was Thursday night Friday morning it opens this is actually it opened here with a a doji like bar I can't see it because of the line but then it rallied and you can short it and so I short the stock you put the stock in and it drops and so here's the stock falling so you can see here where it's around $52 and it dropped and broke actually $51 so this is this okay is happening here between when this is around 9.30 3 in the morning stock drops and you see it falls right into the first 30 minute period it actually just bled lower so this is the kind of thing that you were looking for every day if you come and trade with me and you just see it and you do it so the entry of this was $52.17 price of the stock was $52.40 so I take a trade I short something and then I put the stock in it's a limit order stock well if the stock would have gone over the number then I would have been stopped out okay the risk in this case is 23 cents it's a difference between the price and the stock now I'm using I risk more than this for trade but I used all the trades in here I used what you would risk if you wanted to make 100 grand here just so you know so if you want to risk $460 that would be 2,000 shares in Microsoft now this was my exit I didn't hold it all the way down to the limit the low of the day was $50.77 which was great but I got out here $51.18 so if you risk $460 you could have made $1,980 that's fantastic and to be honest with you you could have taken the trade here and just never looked back I mean this is one of the reasons why I love to day trade and whether you want to do this full time or part time it doesn't even matter to be able to make this kind of money in 30 minutes is just phenomenal to me I don't think it will ever not be phenomenal to me because I meet up with so many different people from so many walks of life all my friends all my friends have regular jobs they go to the job and they take the subway to the job and they and they work 10 hour days in the city and you know they do not make thousands of dollars in minutes so this is one of these things that you really you know if you take the time to learn how to do it can really really pay off in the long run because it's a phenomenal way to earn a living but if you have another job you like you can keep that and just make extra money on the side trading the risk or reward in this trade there was 4.3 times the risk made in profit and this is a solid trade okay now I have a couple questions here is an options put you can do a put in this if you want no this I'm equity trading I'm actually taking equity trading here Joe you can do a put if you want to that's another way to do it you can do that as well you can use my method for trading options I actually have started doing options myself in the last year end of 2015 but daily Monday Tuesday Wednesday Thursday Friday I'm day trading the equity straight and a few times a month I'll do options but usually on expensive stocks I'll do options this to me is not an expensive stock but you could do that and yes you could and you could day trade it too a guest is saying you can find stocks that gap every day or only in earnings season no you can find stocks that gap every day there's also stocks that have news gaps somebody goes on TV and somebody says something all of a sudden the stock gaps I mean anything could happen a CEO could talk Kramer could talk on his television show there's lots of reasons why things gap but in earning season you get a lot of them and so right now it's second quarter earning season so there's just a lot of things to look at and when you have a lot of things to train guess what you have a lot of opportunity to make money now I put this in here because this is as I was talking I was talking about my friends it's this really puts it into perspective when you break it down and you're looking you say okay you know almost two grand in 30 minutes and you look at it you say okay that's a lot of money your hourly pay comes out to me like a thousand three hundred twenty six dollars an hour you know that's amazing okay that's really really good and this includes the prep time not everybody comes into the trading room an hour ahead of time I do but I'm just saying you know if you want to do this you should prep and start in the room at least around 9 a.m. market opens at 9 30 some people start about 8 39 come in the room with me and they're there till 10 you really got to be there between 9 30 and 10 there to get the trades but if you look at this you say gosh you know my my my pay rate is about a thousand dollars an hour and you say that's really good Melissa and and when I compare myself to the other jobs the careers the people that I know have I really puts it into perspective for me now it took work for me to get here obviously and it takes work for other people to get to this point where they learn how to do it like taking my class but in the end it's worth it because you could work your whole life and never find a job where you average a thousand dollars an hour and KW has another question here do you need a minimum of twenty five thousand dollars account KW I can email you referrals to brokers there are a lot of places to trade there are proprietary day training firms out there where you don't need twenty five thousand there are retail firms which you need twenty five thousand to actively day trade and then there are places that are retail firms where you can do options where you don't need twenty five thousand and you can implement my system using options so there's you have to call a broker I'm not a broker for that but I can certainly refer you to some but there's proprietary day training firms out there that do not require twenty five thousand okay now does anyone have any questions so far about anything I'm saying the bottom line is that just what I'm trying to say is that in order to get to the point of making six figures a year you've got to have a strategy whether your goal is for full time part time retirement if you don't have a strategy you're never even going to make it past six months or one year of doing this lasting success means you learn something that you can replicate for as long as you live in the market and I truly believe that I'll be trading gaps you know as my strategy and nothing else for forever and the people that I've taught are such believers that that's the case as well and a lot of my traders are doing swing trades and options now too every trader needs a strategy it has to be real it has to be good it has to make sense and the common sense goes to what I was saying if you have panic coming into a stock like Microsoft from an earnings then common sense says what do you think people will do and again the emotions are more in stocks than futures and emotions are more in stocks than even something like forex forex is so popular now for people to trade you can't apply my method to that because forex only has one gap a week I mean you could I guess but you don't be using it one gap a week but everyone is so excited about this forex mainly because the leverage is so high but you don't have the same emotions riding high with it and it's an unregulated market the beauty about the U.S. stock market is that it does have some regulation which protects you as a consumer and as an individual and you also have an open and a close and I like that it actually keeps me very structured and disciplined Paul you can email me that after the webinar I can send that to you Gus you can email me I can recommend some platforms too Rack is asking me a question if the trade does not work do you jump onto another trade or do you focus only on one trade a day well it depends it depends for example Rack what if I get up in the morning and I only have the Microsoft and if Microsoft would have failed which it didn't then I wouldn't have done anything else I would have had to take the loss of the Microsoft what if I get up in the morning and I have Microsoft and Starbucks if I had done the Microsoft and Microsoft failed then I could have done the Starbucks if it rated well for my system and then I would have done Starbucks and then I would have made money as it turns out Friday I did do both and they both worked so some days what if you don't get two gaps what if you only get one good one Rack you know what I'm saying I have a specific criteria it's a checklist that I look for to determine what gap to do and that's how I know and I must tell you that I don't take a lot of trades I just don't I'm not a broker's dream in the sense that I run up commissions but I will tell you I'm a broker's dream in the sense that I have longevity you know I've been at the same place trading now almost the entire time I've traded actually I left at one point went to a prop place and ended up coming back to the place that I was at before the retail account and I'll probably never leave there you really just a lot of brokers have people that churn and burn places and quite honestly educational places have people that churn and burn places too you cannot join my trading room without actually taking my class it's a benchmark it's a benchmark that costs money to take the course invest your time and energy into doing it I often have people that come and say Melissa I've been trading for 20 years I just want to join your room and I say no I'm sorry it doesn't matter to me if you've been trading for 120 years you don't know what I do and it's about the commitment level and the longevity and the consistency so when you go out and you decide hey I want to do this thing and I really want to be successful there's a level of commitment there the level of commitment for you that you are going to learn it it's going to make sense you're going to comprehend it you're not going to just do it because I say it common sense means you should be able to understand it I should be able to understand it I should be able to go and explain it to a guy on the street and he should be able to understand it I should be able to explain it to my niece who actually it's her birthday today she just turned 12 and have her understand it and she probably would if I sat down and told her you get this and it's common sense to me the common sense says you need an event in order for stock to move and have a lot of volatility you've got to have that now whether it's a bullish event or a bearish event you don't know until it happens but to decide what stock to trade you begin with the one simple concept the one simple idea which is the event this event is a reactionary change which is guess what it's the gap the gap is the event you don't know though whether you're going to go long or short it until you rate it so a gap is a strategy you would use to enter exit a trade and this is what I do it's a reactionary event and this was a reactionary event and it created a sell off here this is the Starbucks we're going to go over this but we talked about this earlier it's a one minute chart and it forces people to take action in the stock and when people take action you're going to have play in it it means it's going to move I love trading and I love stocks that move but I don't trade penny stocks and I hate to trade stocks that don't move at all I don't trade stocks that are low volume I like stuff that moves I want it to go and I want it to go quickly and so you have stocks that have events and the event is the gap and it's because of the shock the shock happens and comes in and the power is the money now the money could be selling or the money could be buying now we kind of were talking about this before here's a Starbucks okay guest has another question here let me just quickly ask how long the students staying in the trading room after the training I'd say that really varies guest to be honest with you that's a good question I should go back and track it or take a poll in the room tomorrow honestly I have people that have been with me for years that don't have to be there they don't have to be there at all I would say at least I would say 75% of the room has been with me for more than 12 months they don't need to be there but they like being in the room they like hearing me lecture they like learning I just make it easy for them then there's about 25-30% of the people that are new that just did the class that want to get going they come into the room after the class they get ramped up they go out and off on their own and every once in a while I get a person that I haven't heard from for a while that wants to come back to the room and actually just heard from one of those people today he's coming back for me so most of the people are there don't need to be but I would say a lot of people are off on their own and they come at the beginning maybe for 2-3 months and then they go off on their own to the point where sometimes to be honest with you probably the last month people were like thought the market was choppy to me the market was always higher always higher and is higher but you know I think that if you don't have someone directing you every day and you could get off track the idea is to stay very focused now I'm a very organized individual I'm very analytical I can be very focused myself in my trading if you have trouble with that then you want to be in the room so everybody's personality is different a guest is saying can you stay once you take the class you can retake the class as many times for free after you take it and then you're a golden guest student so if you want to take the class then you're a golden guest student you're eligible to join the room at any point forever guest or email me questions or retake the class okay let's talk about Starbucks so here the Starbucks closed the night before and gapped down here now again this was Friday too I ended up doing them both it was a busy morning but the great thing about the Starbucks was that it was a short and this was a great call for me because a lot of traders I think thought this was a long now why might people have thought this was a long it gapped down that's true but it gapped down into support okay it did gapped down on the earnings but it gapped into support this is a 200% moving average this green line is the 50 but I have a method to determine it's a checklist it's a rating system to determine that this is not a long that in fact it's a short and this had a huge day you can see the big bar stock dropped fell rally here's the short and I want to show you this here because this is amazing because this retested high and almost went over the high and this is here where people a lot of traders probably thought Starbucks was a buy into support but I was short in it and it dropped and broke it actually fell and it went to the dream target and I saw this all the way down because I was also in the Microsoft but this had a massive move in it and this is one of the things I do so well because a lot of traders probably thought Starbucks was a long and lost money but I didn't I made money and it was a huge short actually and here's the move again you take the trade and you're out in 15 minutes 10 minutes 5 minutes where we want to be out but you could have held this longer price of the short is 58.84 so in 1700 shares again I'm using a risk that you would need to make 100 grand a year 527 first target exit was 58 again I did not hold this all the way down but I'll tell you this went to $57 this went to $57 in the day and I didn't hold this because I was in the Microsoft I did hold the Microsoft but I ended up having two good trades but I could have held them both it was a beautiful Friday and I ran risking only $527 in this all from this entry and this kind of thing here is exactly what I'm talking about going back to the daily that makes the difference and there were so many gaps on Friday there were so many gaps on Friday that you could have picked and traded and I picked the best two ones and the way that I'm able to do that is because I'm trading for eight years I only trade my one system trading system that tells me which ones are the best and it told me that the best shorts were Starbucks and Microsoft and they absolutely were and they both went to the dream targets and here I have the hourly rate for Starbucks it was $1400 an hour again who makes this kind of money you know actually I shouldn't say I don't know anyone that makes this kind of money I was just going to say I don't I know someone that's a partner in an accounting firm in New York that makes this kind of money I'm the only one I know and I know a lot of people in the city a lot of people in the city make a lot of money this is a rare amount of money to make per hour and the great thing is you know you don't have to work 60 hours a week all you have to do is find a couple of these a week that's it and you don't even need to do it five days a week I mean you could say I'm only going to trade four days a week I'm going to have a three day weekend Mondays are the slowest days of the week Tuesday, Wednesday, Thursdays are the visit easiest and Fridays are up in the air you never know what you're going to get on Friday but ultimately it is just about finding the absolute best one to trade oh here it is, this is blown up you can kind of see here the big big fat bar and one of the reasons this went so good and so big and past the number was because of the fact that some traders were trying to buy it and it was never long so this is what I look for every day and here you have again this and I just want to show you it's blown up that people are trying to buy this in here these green candlesticks signify buying but it's not institutional buying this is where the institution is making the move the move that follows through which is the sell off of the price dropping when it sells off hard and it drops in this direction the greens are not in control the reds are in control here so the bears are in control the bulls are not in control you might not have known that though in the first six bars here but I did how did I know who was in control before I saw 17 red bars to short it before the 17 red bars happen is because of the gap it's because of the gap and I see the gap in the pre market or like tonight I see gaps in the post market and I rate the gap using a rating system and that's how I know and that's what's genius about my system to be in a short like this when there's all these green bars short of stock with a stop right here and not get taken out and this is what you'll learn how to do for me so you get this kind of push but honestly if you want to be good in the market you have to be consistent with your strategy now Paul's going to jump on the mic and talk about his trades this week just really quickly are you ready Paul everybody sound check come on to the camera here let me try again there we go how's that sound check everybody how's the sound do you guys hear me okay I'm just going to be here probably about 10 minutes or so I'm not too loud because Melissa as you know is a little under the weather there but she sounded just great so I'm going to go on and just go over a couple things this first slide here I want to talk about is the common sense it says you need an event in the stock towards react one of the things that I've said I've been trading for seven years one of the things that I've said a lot is that for most traders I tend to agree with them most things that most people do they are just throwing darts at a board and the reason is because they don't have a common sense strategy what we need to do and what Melissa talked about today was finding a specific concept where there are going to be odds in your favor because something has happened where there's a clear direction most people who don't have that working for them either don't know what direction to play something they maybe have the right direction but if you ever played something alongside but then maybe it went up but you weren't in the trade because it was so jumpy and so jittery I'm going to show you a couple charts in a minute from the trade I did yesterday where you can just see what we call that power the power money coming in I've nicknamed a long time ago a power trend we'll take a look at that so that is what is critical and that is what you get the advantage of in gaps and for a long long time this has been the case since the beginning of market trading and the fact that market is closed overnight it creates this event when the market is closed and when it's open you get this rush that happens because the price opens at a different spot where it closed and it forces people to enter and exit positions so when an event occurs you're looking to read the side of the power money when you find it you choose the stock to trade what made a gap to the power money buy it sell it what's the power money doing I want to also because I know a lot of times during these events people get confused when we are talking about playing gaps just to make it perfectly clear we're talking about what to do with the charts after a gaps we're never ever talking about going out there and predicting what's going to happen before the event is everybody clear about that okay everybody clear because that is just there's no way to do that there's just no way to do that period so we're looking at after an event happens and typically it's in earnings announcement and the stock reacts to it that forces people to have to do things and that includes big money you know a lot of people say with the stock gaps down a lot okay well maybe little traders are getting scared out of it but big traders big funds don't have to I don't know if you know or not but it's actually not true at all most funds have rules that they can't hold a stock that's not a certain amount so this is why a lot of times you have hundreds of thousands millions of shares being sold over a morning, a day, two days because that particular institution has to get rid of that stock and when you see this event happen it's just like riding away where you don't have to fight the choppy water you're simply riding the circuit which makes it look nice read the story of power read the story of money read what the story of power is telling you how do you do this? only one way, reading price if you're in a stock that is falling I don't care if it's over minutes or it's over days or whatever it is but it's falling because money keeps coming in and selling the stock do you really care if somebody upgrades the stock do you really care if the CEO comes on and says all the things are doing great don't worry about everything is just fine we are earning for the next time what you have to follow is not what people are saying is happening you need to follow what is happening and that's reflected in price always, always, always people use a lot of excuses to try and avoid reading price such as indicators and listening to news and all kinds of things we like news events that create gaps but we really don't care what was said at the news event never ever do we get involved trying to understand what was said a stock is falling like crazy take a look at MYL this is a daily chart at MYL this is a trade idea yesterday this happened and price is being sold do we know or care that earnings might have been a good state for all we know don't care, don't know, I never look at it don't care at all what I care about is when it opens does this daily chart tell me an indication which way the power of money is going long or short and in this chart, yes, it very much gave me indication short, I only looked at this chart as a short anybody in the room with me yesterday knew I was looking at this as a short from the get go and that's all it was now this is the daily chart, you can see right here a gap down from here to here I'm going to flip down now and take a look at the I'm actually showing you a 5 minute chart there's the daily bar I'm going to show you a 5 minute chart because this trade took a little longer to keep going it was entered right around 10 o'clock a lot of times the plays we do actually play out by 10 o'clock now you can see in here, you see this first bar I wish Melissa was doing this slide because she could do the sound effect for what this is but this is one of the things we talked about this is typical for the stock split this is a swish bar and this is something you actually could have gotten in I did not enter this right at the open but shortly after opening this could have been entered that move could have been captured but I actually came in after this rally came back and the stock started the weekend again what happens is folks you see that initial surge down the power of money coming in and then you have to see how people react to that was that really the power of money was it just a handful of traders without a lot of volume going on but what happens is as it tries to rally back you see here comes the power of money and look at this, look at the stock I mean this is just simply a big big big seller can you just picture this up here, can you just picture, I can't draw on here can you picture just like this big person up here this huge pickup truck of stock and every time people say I want to buy this he just says go ahead you idiots go ahead buy all you want, here's some more stock here's more stock, here's 100,000 shares here's 200,000 shares, take all you want because I have a truckload that I have to get rid of over the next two days and that's exactly what's happening here and these are these powerful trends that you see and you just ride this out so this stock here was just a beautiful place and it actually got a target one right there that was trailed when the green bar happened and the second target actually was picked right there at 44.30 so this is just a really nice play from yesterday and again typically I'm doing one or two things usually only two symbols, sometimes we play something that doesn't work the first time or take a partial risk on or something this was Monday I did two stock plays that one worked great one worked break even and one also was a play in the market that made money as well too so here are the numbers on it it was a 22 cent risk with $500 shares giving a $550 risk in 1950, about three and a half to one overall so that's the play on that and it's just a beautiful chart notice these plays are good from Melissa I see them Melissa, I talk faster these plays are from the last couple of days these are not going back to the great play from July of 1927, these are what we do every day and the day before that it's hard to get slides in here from today I'm listening even out today but this is Mac and this is the day before and this is the long, here we have the power money going the other way and this is not a huge trade this simply was a stock, this is the daily chart you can see where the gap is on the daily chart and then coming down on the intraday chart the stock initially, now keep in mind this is all above the prior day this is where it closes, this is all above the prior day and you're not sure right in here but for this particular trade there's a bullish bias on it and then at some point the money came in and straightened out the situation you can see when the buyers took control can you see when the big power money stuff up to the play, you can see this right nobody's in control, nobody's in control and all of a sudden boom, look at it settle down right there bam, bam, that's where I got in bam, bam, bam, bam, what's at the top of the day back to the high of the day and again this is just a one and a half about 780 on the 495 but nonetheless, this all happened in the span of a half hour so nice little trade overall I'm going to let Melissa jump back in on this slide but if she's going to talk to you about some of the great benefits of this or the fact that you can get going immediately with this you can do it full time, part time you can do it right from your house and it's just a great profession to be in so if you've got a little break there I'm going to say good night to you guys and here's Melissa to finish up, don't go anywhere she's got a couple more great trades to show you and also taking out the questions you have can everybody hear me? that was a good job, Paul so one of the things that I like about trading like I said earlier is that you can work from home I live in the northeast and we have snow and for example like I'm sick, I'm sick the last couple of days and feeling none of the weather if I had to go to work I would actually make money I would have had to take sick days off and it's nice to work from home so it's a really really nice income and it's a nice job and it's a nice setup if you can teach yourself how to do it from home get a computer, open a brokerage account take a class like mine and just do it obviously it takes all of these things lined up in a row but if you have a plan of action it's not like it takes a whole lot of time so does anyone have any questions before I go any further but anything else that anyone wants to say? thanks Jeff, are you sick too? well one of the things I want to talk about is again this idea of going back to pinpointing the quality trades as Paul was saying he had two nice calls in there you've got to find the good ones every day I think it's very easy to make money in the market if you can find good trades and the days that I don't then I just don't trade and the days that I do something if it doesn't work someone asked me that question earlier you know what do you do well you can take something else but you know what, you could just stop it will be very very difficult to get to a point where you lose out of control if you were taking multiple trades today actually is is a great idea and for the most part it is what I do now I'm not saying every once in a while I don't do a retake in something but for the most part I usually do like to take one trade a day so I have devised a rating system it's a 26 point rating system that tells you what stock to trade each day and that's how I found starbucks that's how I found the Microsoft and that's how Paul found the ones that he did too and I don't always hold every trade to the target I try to I like to but I showed you I got out of the starbucks early but I am trying to get a move in something a dollar, 50 cents, 75 cents 2 bucks, whatever and this is what I teach so it's a 26 point professional golden gap rating system that is my class and it teaches you how to find trade and then it also teaches you how to enter the trade and exit the trade and you can use this to trade pretty much anything in the market you can use it for ETFs you can use it for stocks you can use it for the QQQ's for the spy like I said it's about longevity consistency and whether you want to do it for day trading or you want to do it for swing trading or option trading you can use it for any one of these things and like I said I prefer to short but you can use it to go long if you want to but you've got to have the consistent results if you want to see the longevity in the market otherwise you're back and forth with lots of different things and so for me it's really just about the focus that's how you make it and a lot of people say well what is possible Melissa and what is far fetched I think that anything is possible to be honest with you and once I started doing options this year I really believe that really anything is possible and you risk a small amount of money and make a lot of money in the market but if you want to be realistic and you're just starting out I think you take the money that you have risk what you can afford you follow the system and you make money and whatever amount of money that is it's more money than you had yesterday and that's how I look at it some people out there make claims that are very that are very far fetched that are new to the markets I don't do that to people you can really make six figures a year your first year out of the gate doing this, doing my class if you're in the room with me I mean it really doesn't come down to that much per week if you look at it you've got to have the ability to take the trains to have an account to do it and to take the risk of four or five hundred dollars a train but it certainly is possible and I'm doing these things helping people and mentoring them because I want people to do well and I'm not making far fetched claims of making ridiculous amounts of money right away with small amounts of money for people to only get disappointed I don't want you to be disappointed by the market I want you to feel excited about the market and motivated about the market it's the way that I feel about the market every day like right now I'm excited about a trade that I know I'm going to do tomorrow in the market do I know if it's going to work or not well you never know until the market opens but I feel excited and motivated knowing that I know what to watch and knowing that I have a good gap and so you have to kind of balance your goals and what is realistic for where you're at right now without being far fetched it's kind of like over under promising and over delivery and that's what I'm trying to do with people and saying listen you can do this but be realistic about the amount of money that you have right now the second because the most important thing is learning and that's really how I feel about it you know I say people come and say to me well how can I make it Melissa why are some people successful and why are some not well a lot of people just aren't successful because they're just not focused they're all over the place with what they do and they don't have a mentor so I do mentor people and that is very important someone asked earlier you know how many people are in the room you can go off on your own maybe you only need my mentoring for a month in the room but it helps you don't know until you start doing it but you definitely need a plan of action how are you going to get there and the strategy is the biggest thing and this is what I teach in the class and then the mentoring with me and the room helps but one of the main reasons people lose money in the market they don't know what to do and they have no mentor and then what happens is they lose money in the market and then they lose conviction in the market all together and then they want to quit and they don't want to trade and you know you can't really have that type of attitude you have to have a success attitude you have to say you know what I'm going after this thing I'm going to make it work I know that I'm smart I've got money for an account I've got money to take the class people that just jump into the market and don't know what they're doing and lose money don't have as high odds of making it okay now I'm going to actually flip through some of these slides here because we're a little behind but the bottom line is that I teach a complete system it's a class and I'm actually doing a special one week class for this coming class it's going to be next week originally I was going to do the class on the weekend I usually do classes on the weekend, Saturdays and Sundays I decided to do a class I'm just going to flip through this here I decided to do a class on the week next week Monday Tuesday, Wednesday, Thursday, Friday it's going to be a live class where we train and then I teach I've never done this before and I'm never going to do it again because my schedule is taking on some new projects coming into May so I thought this would be something that would be great for my current traders and really, really helpful for new people so my class teaches a 26-point rating system to find the best doctor to trade each day it teaches you how to enter and exit the trades it teaches you price analysis and technical analysis on an advanced level and it teaches you how to read support and resistance in the right direction and it teaches you everything you need to know to make money in the market so it is normally a two-day course I do it once a month the class is live online and retakes are free but as I said I'm doing a special class next week I decided to do it Monday, Tuesday, Wednesday, Thursday, Friday it's an all-week live class I'm never going to do this again my schedule is going to be way too hectic starting May but I thought this would be something special to do to launch into second quarter help a lot of people my current traders and then also new people get ramped up and going for earning season we should have a lot of gaps next week to trade as well the class tuition price is $49.99, it's US dollars and a lot of people can't always do it on the weekends so this is a weekday class usually like I said always do them on the weekends so this will be your chance to do it if you have conflicts during the Saturdays and Sundays so if you want to sign up you can email me at melissathestalkswitch.com and also I teach a trends class this is in June if you want to sign up for this I'm offering a combo special you can do both and you save $500 so you do the golden gap class and may the trends class in June and it would be $54.99 and so this is a nice special too and you get everything then for the long-term trends which is for swing trading really if you want to do that so does anyone have any questions we're kind of down to the time here I don't know if anyone wants to ask me anything specifically or has any questions if you have any questions you can email me it would just be Wednesday, Thursday, Friday this week and if you want to sign up for the class email me at melissathestalkswitch.com and if you want to call me I'm starting to feel better today so my voice should be back to normal hopefully by Wednesday, Thursday so you can call me and talk if you want and so next week should be an exciting class and you want to watch for tomorrow it's tomorrow Wednesday yeah the FOMC minutes are tomorrow I think they're out so that should be exciting this is a chart of the spy we'll see what they do how they react does anyone have any questions and feel free definitely go and read some of these testimonials and watch the interview with Mike and you can go subscribe to my YouTube site it's just go to YouTube and it's a stockswitch on YouTube thanks everyone I apologize about my voice but I made it through any one of the any questions at all any questions if you do you can always email me at melissathestalkswitch.com or you can email Paul at paulathestalkswitch.com too and good to see some of the old faces here and some new people too alright everybody alright thanks thank you all on Trader Central have a good evening