 Testing testing and let me know if everybody can hear me And see Excuse me terrific. Welcome everyone. I've already had a great trading day We did it this whoosh Can everyone see the slide see the arrow See my phone number in huge huge numbers Thank you, Kathy. Sorry. I'm joking Trying to get some water in here. I'm losing my voice Talking too much everywhere Welcome everyone. We're gonna learn about how you can make money today Shraining one strategy and if you have questions, you can call me nine to nine thirty two hundred gap, okay So if you are thinking about trading and you want to do it and you don't know where to start Let me tell you something trading the open between nine thirty and ten is the best time to train Okay And if you have any questions as we go along just type it in the room, okay But you can make money very fast and we did today We shorted Boeing today, and you were in and out very quickly way before 10 o'clock But actually in an ideal world, I'm in and out of trades in five minutes six minutes ten minutes So if you're doing something else that you want to transition from a Job doing whatever you're doing into a full-time trader This is nice because you can do it quickly and be in and out in the morning And if you have a passion for trading the market or just money, okay, which is I have a passion for both things actually Then this may be for you because the trades I do are quick and fast and Again, it's it's very convenient right now because Everybody is at home So even if you had a normal job and you're working from home now You can learn this and do it from home and perhaps transition into a different career So if you've been thinking about doing this you can change your life today by learning how to trade you a stock market And it's funny because a lot of my friends don't know what I do and they're asking me What are you doing now this market? I said, you know what I teach people how to short And and that's what's very interesting many many people do not know how to short the market properly And a lot of people didn't even know that you can short now some of you here may already be traders But if you're not you can short stocks. What do I mean? It's almost like you're you're I don't want to say betting But you're you're predicting that the stock is going to drop in price and you can make money If you look at it you say, okay stock is at $50. I can see it's gonna drop to $49 You can make a buck a dollar times the amount of share quantity You'd have and make money betting or shorting or taking a trade to the downside even though the price is dropping I'm pretty much the entire month of March the market fell and the times and tons of things fell And we're coming into a very interesting part here at the end of April But you can go long you can go short the market the key is to what stock are you gonna do? And you can make money the market people do it all the time the problem is that not everybody does and I think if you've been in this I Don't know what you want to call it genre or whatever for a long long time And you've been failing and you haven't been successful It starts to really get into your head if you don't know what you're doing and you start to think you can't do it But the fact is you can probably what you're doing isn't right isn't working doesn't work and will never work So you have to change what you're doing and you have to be honest with yourself and say this thing That I'm doing the strategy I'm using to try to make money in the market isn't working And you have to give it up and right now a lot of traders are getting killed this year in 2020 because the market has been very volatile and that's not going to change anytime soon the volatility But volatility is good if you're an active trader if you know what to trade, okay? Any questions so far seeing some people sign in here late? But I am taping this anyways you have to overcome obstacles if you want to get ahead and Right now in today's world a lot of people or are overcoming a lot of obstacles I mean look at the world look at what's happening with COVID-19 people are Overcoming obstacles every day to continue to push forward and not only that stay healthy And you need to have that same kind of mindset with your trading So even if you've been unsuccessful in the past, I say don't give up you can do this You can become successful you have to get serious about it at a big part of that is learning what to do It's a huge part of it because if you don't know what to do It's going to be really hard for you to risk money whether it's a dollar or a thousand dollars, okay? Because the only way you make money trading is to risk money and when you take risk I call it conviction But you you almost want to have like a hundred percent conviction that trade is going to work because in your mind You want to know that the trade is going to work so that you can profit so you're not wasting your bullets Your bullets is your money. Okay the money that you have in your trading account But learning from someone is important Obviously, there's a cost for me to come and take my class and learn from me But it's the information and my time that you're paying for and the mentoring and I do a really good job of mentoring people I have many videos on YouTube Which I've done reviews with traders, but it is how you can really get good at this point now I still have the time to take To talk to people to email people, okay, but you can learn how to do it if you want to through the process So let's talk about Boeing Kanga is asking how do I know what stock to short? Well, well, let's just look at a chart right here This is a chart of Boeing we shorted this today So what do I do in the morning? I get up in the morning and I rate stocks that are gapping and I rate them based on a 26 point rating system You would learn that system in my class, which is this weekend May 2nd and 3rd if you want to sign up But it is a process that I go through which is a checklist and a worksheet that I use daily I use it for longs and shorts quite frankly, but I do prefer to short and we shorted Boeing today. Okay? So, how do I know which one to short? Because I read it on the daily chart Here is a daily chart of Boeing now for those of you that don't know what a gap is. This is a very basic Show you a gap is a difference between the close and the open So this is whatever given day here then this Boeing This could be anything though. Okay closed at a set price and opened at a different price the next day This is a gap down closed here and open at a different price lower So this closed here this gap down this closed here this gap up. Okay, so in this case here We have a gap up Here was a gap down You can do gap ups you can do gap downs Here was another gap down closed here open here closed here gap up closed here gap down Okay, close here gaped up fell This is Boeing back in March so I Prepare each morning in the pre-market Determining and deciding what to trade in that very early morning period before the open and that's why I'm ready to go Into the open. Okay now this was a put again here see the time that I call in the pre-market and Boeing 853 Market is an open till 930. You can't take options trades until the open But I sent this out to every one of the options letter for them to take the Boeing strikes a hundred Strike expiring for nine. I sent this on April 1st. Now. Let's go back I'm going way back on this day Okay This closed here this gap down. I saw this would drop it fell boom boom Was a profitable trade Cost was so cheap a dollar 30 60 contracts cost 7,800 bucks sold at 350. This didn't go anywhere near a hundred You don't have to get it through the strike to make money The momentum was in because of the gap and it fell two days down And you could have made 13,200 dollars in basically 24 hours. This did not get to 100 But it fell into the number because of the momentum Okay, again, this is a short because we bought a put and it was going down Okay, so therefore again, you can see there Take it get out. You take it get out when you're Trading you have to book profits. It's income. You're generating income when you trade It's in out in out in out. You're not Holding this for their months and weeks and years. This is an investing. Okay, I Don't have it up here now, but if you go to my YouTube, it's the stocks wish on YouTube You can see today's video for the room. I posted it and we shorted this on today's a day trade And we were in quickly and we were out quickly. Okay, you have to book money consistently Consistently over and over especially if you want to make 20,000 dollars a month and especially if you want to do this for a living Okay, you have to book profits Any questions here so far? This was a very nice note from a student. He's been a student for a while since 2019 and This is Howard. He's been he's been having a hard time obviously with COVID-19 He's been making money with the trades, so it's it's really interesting because If you're in a position right now where you're not doing well with things with life If you know how to trade you can make money and you don't need Anyone's help except for to learn what to do So you take the class you learn what to do you can do it on your own You can be in the training room with me who could do it on your own You don't have to work for a company So many people have gotten laid off and a lot of people find fun employment, but a lot of times unemployment doesn't actually Cover your expenses Thank you Kathy. Yeah, if you have comments or questions, you can write it in the room Anyways, he did great. He made almost a thousand bucks and he's not doing a lot of contracts He does one two three maybe five. He doesn't do a lot of contracts So again, you don't have to do 60 contracts. Okay, this was really cheap though You could do one you could do two you could do whatever you can afford you can trade my system He's in a small account or a large account Okay Anyways, here was another one. This was Bank of America Bank of America was last week I think it was last week. Yeah or two weeks ago Remember what day it is now every day is running together this closed here this countdown open fell See that in there the stock fell So April 15th in the morning again 8 a.m. I called the pet. I saw it would drop. I rated the gap I predicted it in the morning in the pre-market an hour and a half before the open I called the 23 strikes and again, I'm gonna go back here This was the day I called it. It fell boom into the next day Take it get out and this is an option This was very cheap too. It costs a dollar 20 70 contracts was a risk of 8400 sold it to very nice profit 5,600 Okay, and again, it was a putt was a short We took it you get out. Okay? Excuse me any questions Now there is a trader here Zen trader I wanted to show examples of someone risking a lot and someone risking a small amount Howard's taking a couple contracts like I said one two three four Maybe five Zen traders taking a lot of contracts. She's doing very very well She's made over a hundred four thousand dollars since the beginning of the year She's you know averaging between twenty fifty thousand a week depending on how the weeks go. She's made a lot of money She's risking a larger amount so the only thing that you're stopping you from making more is Having the account size to take the trade and having the consistency that you're taking positive trades I'm calling really solid good quality trades No, every trade I call isn't working. Some trades are losers But I have more winners than losers and the winners win big So therefore the winners not only are more often, but they also cover than the losers If I call ten trades, you have to figure two will lose and around eight will be winners Okay, and if you're in the live training room with me I will call the exits in the room and if anyone wants to trial to the room this week email me at Melissa at the stocks who's calm will give you a free trial to the end of the week as well Anyways, it's really about the system I mean the the the success or failure of what you do has to do with the quality of the system But again whether you risk a small amount or a big amount It should be neither here nor there because if you risk a small amount today and learn what to do in One week one month six months from now You could be at the point where you could be like centrater and you could be risking more But you have to grow the size of your account and not only that you're learning all the time So if you're making a couple hundred dollars a day and you're learning and you're getting better You can see very easily how you'll be making a couple thousand very quickly once you know what to do Okay One of the reasons I'm so good at this because I've been doing this for 12 years I haven't done anything else but this and and I love it's not a long time necessarily to trade although It's not a small time. I've been doing nothing but gaps and mainly focusing on shorting So I become an expert in shorting. Okay So how do you become successful as a day trader? You have to have a system a system and a strategy that's reliable and consistent Profits consistently take it get out take it get out take it book the money. Okay, very very important and When something doesn't work, it doesn't work. Okay, that's why we use stops Okay, that also helps to condense your losses to you have a fixed amount in the stock and any questions right in the worm, okay? Anyways, it's really about a niche the niche is the system. Okay, and I developed it a very long time ago now And and I don't do anything else So all of these people here that I'm talking about that are students for the testimonials. They've done my class I've helped them on the side when they've needed it And they're all coming along in their own time frame because everybody Comes from a different background Some people come to me. They don't know anything at all about the market Some people have some experience before some people have small accounts and some people have big But the the yearning the the desire for learning and understanding it listening to me listening what I'm saying in the room every Day really helps. Okay, but my method is based on reading institutional money that moves stocks and gaps and Boeing is a great Example because Boeing is getting sold off By institutional money. It's not getting bought. Okay. That's why the shorts we've done and that have worked like today But how do I do it? I use a rating system. It's a 26 point checklist. I Rate the gap every morning. Thank America Boeing, whatever it happens to be Everybody okay any questions so far? Okay quiet group tonight Anyways, my particular gap my my particular niche is gaps But it's mostly looking for the big institutional money gaps are created with large institutional money That's what makes the gap the professional gaps that happen to play out and stocks are formed by one thing and one thing only large Institutional money Therefore you need a way that will help you pick the correct direction to play in the gap long or short and then confirm The large money will flow with it So basically when I'm looking for something I want to see if it's being sold off I want to see if it's being bought So then I either go long or short or do a call or a put depending for doing an option or a day trade But I use the formula to qualify and rate the gap Okay, that's how I get the conviction and then I play it with the institutional money on that directional bias Again, if it's an option could be day or two if it's a day of trade. I'm in and out quickly Some trains go into the afternoon I prefer to be in and out though in the morning But every once in a while we will go over two examples here today that are Trains that were later in the day in this kind of market You you really almost don't even know until the morning what's gonna happen like I could look at something tonight I said, oh, this looks great and then I could get up in the morning and completely change my mind because again It's a volatile market. That's why it's so critical to see what's happening right a ways pre-market before the open But gaps are an event and they create a sense of urgency. That's an action is being forced by participants at the stop This is why gap trade is incredibly powerful trading golden gaps is a powerful and profitable way to trade because we're trading on the side of power money Okay, and that's what moves stocks. That's what moves the market now this I didn't have this chart in here I can pull up my chart to show you For those of you that don't know CVX it's Chevron. Okay, so oil prices have been crazy lately This was a really nice trade that went called it on Monday, April 20th called the 83 puts Late in the day. This was late 245 in the afternoon Cost was 220 Sold at the next day 45 gap down in the morning. It was a really nice call 35 contracts was a $7,700 risk Profit 9,275 So this fell so we took this in the afternoon and then it got done in the morning fell the very next day That's great when that happens too. Again, this is an option But it's using the same system and sometimes I'm predicting the morning gap and the ones I call in the afternoon Late I'm predicting the gap for the next day Here was another one of them in the pre-market Google. I called again punts 1260 this I called him money the 20th. This was last week. These were not cheap So like one of these would have cost $2,000 Google Amazon, but they can really go Sold at 47 profit 10,800 a beautiful trade again Drop and rock and roll sell-off Okay And this is another testimonial from Dan Dan just did the class in April and two days after the class He made $25,000 So my class is 69 99 my class is seven grand. He made 25 grand two days after the class. So he was Very very very happy. Okay, so a lot of times I get this question How long does it take for me to make my money back? How long am I gonna get it? That's I don't know how many trades I'm gonna call the week after the class I don't know. I don't know if I'm gonna do three or four or 50 I don't know and I also don't know how much money you're gonna risk portraying. Okay The bottom line is if you decide you want to come and take my class and learn from me You're gonna learn something one that works and two You can make money over time Because you can't risk or hold account if you have $2,000 in an account in one trade So and I don't know how many trades I'm even gonna do tomorrow. I don't know I never know until I get up in the morning Okay, but rest assured people are doing very very well with me again I've spent a lot of time with people Dan's a great example though because he literally gested the class and then had a very big first week That was the class in April. So the class of May is this coming weekend May 2nd and 3rd But the reason that my system works is because it makes sense It's something like explained to like a bum on the street. You go long buying your short selling You take trades with the directional bias of the momentum. You take trades with the money That makes sense a lot of traders want to do all these tricky things and use all these things Fibonacci's and all these kinds of different systems and they put all this stuff on the charts And it looks like a planetary solar system and they can't even see the price They can't even see the candle. They can't even see what's going on my charts are very very very clean Okay, as I showed you with the one that I that I showed you so it's it's about making good choices It's using quality trains Good common sense and I do call the trades live in the room So if you're in the room with me, I call the trade live give it the stop And then we take it and I call the exit any questions here so far So how do you make money in the market? Have to trade a profitable system How do I pick which stocks to trade? I rate each gap in the morning that I see is gaping is in a 26 point rating system Then I take the gap in the direction of the gap I mostly do shorts Because I find that selling shorts shorting the moves happen at fast much much faster than longs And personally, I prefer to make money fast than wait for it So for me, I like the shorts because selling happens quickly selling happens. It's panic Panic selling. That's what you're shorting when you short Any questions here so far? So if you're thinking about making this amount 20 grand a month, you have to risk an average of between $500,000 a train. Okay, that's for trade now Sometimes we do more than one trade a day, but mostly we do one a day like today. I only did Boeing And you know, I might do two or more But it's preferred if I just do one great trade and we're done in the in the morning and we're just completely done But you have to have a plan of action. You have to have a good system You have to have good entries. You can't over train Like I said, we did Boeing today and that was it and then you chunk it out It's not about trading all day long to try to get, you know, make as much as you can and be a pig That that doesn't get you anywhere The market will take your profits from the morning if you make them quickly if you continue to over trade So if you're paying your bills with this or you want to reach a certain goals Once the market gives you the cash and the money that you have boom, boom You take it and you're done. Actually, I'll pull up Boeing here. Hold on So I didn't have time to put this in And I will show you today's Quick one Can everybody see? Actually, this is the market. Let me put Boeing up You go back to today So this is what we did today. This is the daily and pull up the one minute So here's what we did today. We like did it right in here around 128 Fallful planet again, some people got out in here. Some people got out in here The stock moved down four dollars. We shorted it got the drop Took it got out. We were done way before 10 o'clock today. That's what I look for every day It was very fast and very quick and getting back to what I was talking to you about about Selling okay and shorting. You can see how this is fast boom See, I like that. I love that Now we didn't do amazon today, but I did see that amazon sold off today I don't think this sold off fast, but let's look No, it didn't really this this took a good Hour two hours in here That boeing was quick Okay, getting back any questions so far. This is another nice testimonial This was a different day zen trader Um, yeah, she's been doing really really well. She's in the room every day and doing the options So again, it's a checklist. So what do I do? How do I know which stock I go through the checkpoints? It's 26 points. So just go check check check and I go through the points And that's what tells me if it rates 20 points or more I take it in the direction of the gap if it doesn't then I don't do it at all If it's a 17, 18, 19 It's fertility chance of working or failing and so I don't do that So I'm looking for a high rating 20 points or more. That's how I get the consistency Okay, and also I have a lot of confidence in what I'm what I do That's one of the reasons I'm able to talk on radio and television on national tv because I Understand what I'm looking at when I look at the charts. This is all technical analysis It's every every one of you can pull up a chart and look at the exact same thing as me But you don't know what to look for and that's what you learn from me. I know what to look for That's how I'm making the predictions. That's how I can see that Boeing today is going to fall The target today was 125. It went more than a dollar through it So how did I know that? Because again, I rated the gap This was another put put some puts and puts this was apple called this on the 20th 277 50 expired for 24 Beautiful beautiful short cost of apple. We shared this last week five dollars sold over 1275. This is a really nice sell-off move 11,625 again risk was 7500 But what if you took one contract could have risked $500 and you still could have made a good amount of money It could have made 700 plus so again, you could take one contract And again, we're doing equity trains and we're doing options. Okay This is the cues we shorted the cues This is all last monday and everything just rolled right on over like rolling down a hill It was a nice start to last week Cost was 320 sold at 890 25 contracts cost a grand again one Contract would have cost you 320 You still would have made a good amount of money. This is more than 100 turn around That's really really good. That's what you want to do. Okay, so if you're risking 500 you're looking to make 500 If you're risking a thousand you're looking to make a thousand here. You risk 8,000 you could have made 14,000 plus That is a good solid trade people. Okay Because again, you have to profit you have to get ahead and you've got to cover the 20 of the trades that are losses Okay, it's the consistency by taking as many quality trades quality quality quality Any questions here so far So for me, it's it's it's the morning It's that it's that period of time in the morning that I get up and I analyze everything and I'm looking at everything and I'm I'm figuring it all out And then I do you stops you talk about this in the class too I do call out in the trading room if you want to do a trial this week. I tell you where to put the stop Okay, I said I said in the room today to put the stop in Boeing. Okay When you're trading you have to have a fixed amount that you risk per trade And you have to win more than you lose Otherwise you won't make it and we don't trade all day We're done usually in the morning if I call a trade and I say this is going to take all day I still close out the room. Everybody's already in the trade. It's already up. We're just holding it to a bigger target Okay, but everything I do is based on the 26 point reading system. That's my system That's what you come and learn from me and I do it for options. I do it for day trades It doesn't matter. I do when I read the market and I'm predicting market direction all of it But you know, it's it's it's quality based. I mean, it's a lot of people say well, I'm not I'm not disciplined I I I I didn't do the right thing No, you probably don't know how to pick the right stocks to trade each day And you probably are doing them in the wrong direction. Again, if you talk to to a bum on the street you know It's you have to go long stuff that's strong and you have to short stuff that's weak. It's quality It's not quantity The only person that makes a lot of money when you over trade is the broker if they're still charging commissions Some brokers are not charging commissions right now. Some are but if you're taking 50 trains a day On in and out in and out scalping. That's insane. It's it's it's just too much stress and pressure It's so much easier to take a trade and get out or take an option trade one day and get out the next Okay And some days you may have to take a day off some days there aren't things to do But right now it's early in season. There's a lot of nice trades a lot of beautiful trades to do every day We'll get something every day this week. It's a busy season. There's a lot of things reporting this week Microsoft apple google amazon market's going to move this week Okay Now as far as again, what you should be risking You're looking to make one to one So sometimes I call a trade if I say 50 by a dollar. That's a 50 cent stop How many shares do you take it depends on the dollar amount you risk Your dollar amount should be the same or equal or close to equal in each trade You can use different amounts for options than for day trades Okay So a good risk to reward is one to one some trades go more than one to one Some of the options have been 200 to 300 return on investment. That's great. That's fabulous But your expectation with each trade should be one to one Okay Anyways, this is another good day Dan had Dan was new Think about it. This was a an old movie now. Gosh. It was in the 80s though movie wall street If you know something ahead of time, it's like insider information I don't I don't I don't have any insider information But I can read ahead of time what's going to happen in the stock in the chart And actually I called Boeing lower in December of 2019 We shorted that stock all along the way in 2020 We've been right on it And I saw that in 2019 So the longer that you do something the better you get at it I don't know if any of you are golfers. My father's a very very good golfer He's been golfing for a long long time. He golfs all the time I don't know if he's going to get to golf a lot this summer because of what's happening But when the courses open up, he'll go out and golf again But he goffs all the time. So he's good. I do nothing but gaps every day So I'm good at it. So you see the difference the more you do something the Best You can possibly be when you're all over the place with different strategies and systems. How do you ever get good at it? I can get I can pull it up in the end then if we have time and I'll go over it for you Anyways making money trading is about consistent and correct Train selection making money trading is about correct trade selection. It's about getting the directional bias rate consistently to know What direction to take the trade training successfully means focusing on taking trades with institutions Again institutional money being on the side of institutions increases your odds to make profits because institutions make stock trends and they move the market Institutions move stocks either up or down and nothing else big big money And if you want to get paid then the key is to be with the trade with the large directional moves You must be with the power of money because you you alone retail traders don't move stocks At least not for any length of time So the reigning system the 26 points tells me That it is getting bought or shown by institutional money. That's the that's the genius of the system The rating system is a checklist. Again, it's on the daily chart The checklist tells you what to look for in the price of the stock and how to read Direction correctly. Okay Do I have a system to warn me? No, why do I need a warning? Why would I need that? I just pull up a scanner. I can go through everything myself. Wouldn't you mean a warning? You wouldn't need a warning You can get up at 5 a.m. And start looking for gaps You have all up until 9 30 a.m. Why would you need a warning? I wouldn't roll out of bed at 9 15 and start trading at 9 30 You can find gaps anywhere. You can buy a scanner You can find them anywhere free That's not hard qualifying them. That's what many people don't know how to do Finding gaps isn't hard qualifying them. That's the genius in what you learned from me But the points tell you where the money is flowing Why does this matter? So you know what direction to take the position to profit So again, what do you need to make trading work? Number one a strategy again for me? It's gaps This was a trade from last week. It was the market. It's a qqq. This was 421 This is squished, but it's the one-minute chart The market closed here gap down open rally boom You can short it in at the drop You've taken more here of the drop. It was a beautiful beautiful beautiful trade another fantastic melissa call Was shorted in here and you could have held it all the way down This is one of the trades that you could have held longer Then 10 o'clock you could have got out here quickly But I knew this was going to rock and roll and this did go to the drain target So entry was 209 stat was 290 90 cents. It was a great stop from the market 3 000 shares risk was 2700 exit 204. It was a beautiful beautiful beautiful trade So again that took till lunch time right until lunch A little longer than we normally trade but Well worth it Now what else do you need to be successful? Number two a method instruction to enter and exit the picks So I Again give the entry stop Okay, and then call out the live exit or if I close out the room and it's a later trade I will give you the targets For this one here again Just fell off the cliff The entry and this was 282 Oh, no, this is the wrong chart here No, this is the wrong chart for the market Sorry now this was a different trade completely Hold on That was a different day we shorted the market Hold on My assistant did this webinar. It's not the right chart. I'll find it. Let me know that you can see the chart Can everybody see 423 there you can see it There 282 can you see this now? So we shorted this here at 282 And and like literally this fell off a cliff I mean, this is one of these examples. I tried to squish it so you could say one minute two minute three minute four I mean I I called the the entry 282 Actually way before it hit like 40 minutes before it hit 282 And then it hit and it went it went like a look at this it went like hotcakes and again This is this looks a lot like the Boeing Except for this was around lunch Like the Boeing today when I fell off a cliff So I'm very good with numbers and that's how I'm calling the entries and again, you'll learn this in the class But this nose dive Now if you if you didn't immediately get out here, I mean you had time to get out here into 2 o'clock But that was another beautiful sell-off and again just goes to my point about how quickly how quickly you can make money shorting Excuse me Sorry, my my allergies are bothering me with the pollen and yet We're not going outside Whoever any moving averages here. This is a very basic Basic charts. Was it hard to get filled in that trade? No. No, it wasn't The market has tons and tons of volume and even if you didn't get filled exactly at 282 Like if you weren't right on top of your keyboard and it hit fast Even if you didn't get it when it even mattered if you got filled 30 cents past it who cares? Look at what it did It just dropped it dropped down 333 dollars I don't tell people to chase chase entries, but I mean you can't you can't nickel and dime this stuff. I guess is was my point Anyways, this was not the right chart in here, but it was the it was the same move anyways, it This just fell like crazy. It was a great exit to 17600. So I showed you the right chart. This was the wrong chart for that particular day beautiful day And it was the 23rd Anyways, number three you have to have monetary goals the monetary goals per day per week per trade Goals should be based on a risk unit, which you should use and you should not Move off of that risk unit until I'd say per quarter one quarter two quarter three quarters Four quarters there's four quarterly earning seasons in the year And you have to set your risk and follow it through the earning season like right now. It's second quarter earning season Like I said, it's gonna be a busy week So set your risk per trade You do well you can up at third quarter Okay But the consistency has to be with your risk per trade because if you risk if you take two trades And risk a thousand dollars in one and two thousand dollars in the other the thousand dollar trade works You make a risk a thousand make a thousand the two thousand dollar trade that your risk loses Then guess what you have one trade that works and one trade that didn't work and you're still down So that's why you have to have the same amount of risk per trade. Follow me That's how you have consistent results too. But for me, it's the reliability in the gap system I stick to one thing. I only do one thing And I'm saying, you know this about the amount of money because I think people lose over so many years and they just start to like they keep trading I don't know why they think that they can't make any money But yet They keep trading anyways and they think it's impossible to make 20 grand a month people are making 20 grand a day with me People are making 20 grand in one trade That guy made 25 grand two days after the class So don't tell me that you can't do it. You can do it, but you gotta know what to do I mean the guy took the trades I call so he he did well That's what everyone on here is testimonials doing. They're taking the trades. Okay So if you want to learn I can teach you how to do it But my god, if you're gonna take crappy trades and if you have no idea what you're doing, of course, you're gonna lose I mean that's like again common sense I'm very deliberate in the choices that I make. I'm very deliberate when I call something. There's no wavering with me I'm not like, well, maybe it's a long. Maybe it's a short No, I don't I'm not like that at all. I'm very deliberate. I either have 100 conviction or I have no conviction Okay, and I use the system. That's how I call the trades. It's how I run the room. That's how I call the options You have to have the proper education if you want to do well And I do offer my time as a mentor to help people and again That's one of the reasons people are doing very well I see how people are trying and they want to learn and And and and I'm motivated by people's own personal motivation. I want to help people do well It helps the business when people are doing well while I'm using the testimonials and two people tell their friends and their family And and and and it really makes you feel good Especially in this kind of time right now Like I use how our testimonial how it applied for the for the economic disaster recovery didn't get the money I don't know if he's gotten it yet with the new refund of the bill But you know trading is a way right now for people to make money if you have an account You could afford to pay for my class you can join I'm offering the trading room free until the end of 2020 with the class this weekend that deal expires Friday And that's a huge amount of time in the room to get all my calls for free in the room And and people can trade they're home You know you have to have the money for the class and you have to have the money to trade But you'd need that anyways In normal times and people have time that'll learn And and I think that's that's important. Okay So but you've got to have a system that works over and over And you can come up with a a financial plan a trading plan to do it So the class I teach is called the golden gap course It 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 entries and exits The class teaches you how to read institutional positioning stocks and the golden gap course teaches you how to day trade gaps Yes, you can use this for options. That's how I call it all the options trades JD I only do one thing. Like I said, this is it You can learn the nuts and bolts of it this weekend But the money comes easy when you know what to do And you don't even have to take a lot of size You can if you want to But you don't have to that's a nice thing I mean if you ever make a thousand Jackie made a thousand dollars today in the bowling trade fill out the cliff She doesn't take a lot of size a couple hundred shares So you can have good risk to reward with quality trades It's a function of how much you risk for the share quantity. You have to be consistent again That's part of it what you learn in the class and then following me also in the room So if you want to do this you have to have a plan of action Whenever I do something I have a plan of action. I'm going to do this this this Just like if you're going to say, okay now we're in quarantine I had to get a new plan of action for my exercise routine. I'm a member of a gym. They're closed right now Actually a member of two gyms They're both closed. Is that okay now? What am I going to do? I have to get a plan of action for exercising. What time now am I going to get up in the morning now? I'm on a different schedule. Okay I make it look very simple. It is simple for me. I've been doing this a long time. It is simple for me For you, you're new you have to learn it for me. It is simple If there's no gap, I do no trades It's simple for me because all I do is rate the gap If the ratings there I do it. If it's not there, I don't do it. I don't argue with it. I don't force it I don't squish it. I don't try to make it good if it's not good It's it's it's either there. It's not there. That's what the rating system tells you That you understand this is the importance of having a system It's not like you talk yourself into it if the gap rates 20 points then we're doing it If the gap rates 15 points, we aren't doing it There's no thinking involved like i'm either doing it or i'm not doing it and it's based on the worksheet It's based on the rating. That's it. The system doesn't work for you. Okay Makes sense and that's the benefit of being in the room So I only trade golden gaps the rate according to the 26 point Raining system. So I have a high rate of success in my directional bias And I get the best entry I can with precision early in the morning to get good risk to award trades Again, my goal is one sometimes we get more And then you do have to create a money management plan And that will help you achieve your goals whether they're large or small according to the size of account that you have But i'm looking for a high probability of directional bias for the entire day big moves Told you I like the big this told you I like the shorts Told you I like morning trading and then precise entries with follow-through and a good risk to award that follow-through could be Into the next day Okay, like the bowing puts or the follow-through could be in one day Like the bowing day trade today in the short could be in five minutes So follow-through has different meanings to me depending on how we're treating it Just so you know I talk about this in the room But the golden gap system is a 26 point professional bearish gap rating system The purpose of the system is to help you evaluate which gap to trade each morning using a checklist That is the simple part That's the part that's not simple to you is you don't know what to look for until you do the class Okay, and then I explain it in the class you learn it in the class we go through charts Class is 16 hours. It's charts charts charts Okay Like if you weren't on my brain and you could read my mind, you know what I'm seeing but you don't know because you're not in my brain Okay, like I can see what bowing is going to do before it does it. How do I know that it's in my brain That's that's what learning is all about That's the difference between learning knowing. It's a knowing I know certain things how because I've learned them because I've done this Because I can I can see it in the chart. That's what reading price action is That's the that's the that's the skill. It's a skill. You said, well, how does this person Do I don't know play an instrument. How are they so good that they can play the piano like that Because I've been playing piano for 25 years and they're really really good at playing it And they don't have to look at any music. They don't need any music They don't have to look at their hands. They can just do it. They're that good That's just one example could be sports But this checklist tells you what to train when and in what direction the 26 point checklist predicts Directional bias in a stock. So one strategy is all you need to be successful in the market And you can use it in different ways options swinging trades day trades whatever you want to do Okay, any questions But you don't need a general overall broad base view To make money. I mean you don't have to read all kinds of earnings reports You don't have to do any of that stuff. You don't have to watch the news Okay, you'll have to read any books You'll have to buy any special software You have a trading account and any broker Take the class you do it gotta have charts Okay, and you learn how to read institutional money and price patterns and gaps And then you don't need to do anything else and over time you will get better And the key is really to making money So the classes this weekend may 2nd and 3rd 9 to 5 eastern time class of the class is 16 9 99 us dollars If you want to sign up you must email me for the forms. They are not on the website You can go to the website www.thesoxwush.com And see all the products and services I offer if you want to trial for the rem this week email me You can have one for the rest of the week And cat, they can you put my website in the room? Now, um, I am offering like I said Through friday if you sign up the trading room free to the end of the year It's normally 500 a month after the class you must take this class to be a remember But this is a good deal because it's the rest of 2020 remember. It's only april I use the daily chart to rate the gap. I trade in the one minute So different charts for different things we're doing whether it's the entry or the rating Now someone had asked about Boeing Before we're done here If anyone has any other questions, let me know Today's daily It's okay what this is doing here tonight quickly This had a pop now. Let's selling off. Let me look at the market This is flat The dude that asked the question come gay. I'm not sure if I'm pronouncing your name right I apologize if I'm not Here's Boeing This is neutral This is a neutral gap That I predicted would fall and follow through from friday. I was right and it did So you can trade gaps of any kind doesn't have to be some huge gap Could be a baby gap This open neutral fell And that's it and we did it see it Can gay I'm talking to you So that was a nice read and to be honest with you if someone asked about some days or not trades There wasn't really anything to do today There were things today that were up that I knew would fall There were things that were up that I didn't think would follow through higher This was a very sloppy day. We looked for very specific things. We might have not done anything today Luckily, this was there. We did it But honestly, it was a weird day For earnings typically mondays are the slowest days to train There's a million things out tonight and tomorrow But overall I was happy we had this because there was Bupkis today today really Um, so we're lucky. We got that one Any questions from anyone about anything else at all Very interesting time to trade and and it's been a very very very active year As far as the options newsletter, that's a separate subscription. If you sign up for that You don't have to do the class to sign up for that It's not a prerequisite, but you're not going to learn the system And the class is this weekend It's a good time to join because I'm offering the trading room to the end of the year and it's also earning season So there's many many days. We're going to have a lot of trades This market has been very tricky for people longs and shorts You have to be very focused on what you're doing And I do think it's critical right now to have a mentor someone you can follow because you can get in your head Very easily if you get on the wrong side of something whatever stock or whatever you happen to trade ETFs or whatever And you can really chop yourself up and your trading account Like I said, you want to take quality quality quality trades It's it's it's important to do that in this time And I don't think any of you that would come and sign up for the class would regret it I'm very good at what I do Some of you know that you've been following me a long time I appreciate everyone coming. Here's my email Right in in the room If you want to trial email me If you want to sign up for the class email me deadline for the special is friday Big week this week for earnings and for the market because all the things I talked about will have an effect in the market Amazon google all of them. So watch for those earnings this week people and be very careful if you trade Thank you Thanks everybody. Have a great night. Stay safe wherever you are You're welcome