There's a pathetic new trend happening in the movie critic community which is amazing. It's constantly shifting gears and I find myself kind of caught in the middle of all of it. So I want to give my two cents worth. Let you know where I stand and maybe gauge what you guys are thinking in the comments below. I'm not going to beat around the bush about this because if I'm vague people will know what I'm talking about anyways so what's the point? A prominent movie critic Chris Stuckman came out with a video recently talking about how he's not going to bash Madame Webb and instead he's going to kind of go into the behind the scenes and studio interference and stuff that I think pretty much every movie fan has known about since Alien 3 and even prior to that. It's not a big revelation that movie studios interfere and have a say in how their final product turns out and they get scared and they make big changes and bold choices that often are bad. This is this is not uncommon. Anyway he comes out with this video and he's kind of you know angry dad getting upset scolding critics that call movies trash and they really just bash on everything now and it's all ad hominem attacks and it's outrage culture and he has a point of course. He has a point the same way I think the critical drinkers and guys over on that other end of the pool do.  There's obviously points being made by both. The problem I have is that this side over here just goes all in on attacking Disney and woke culture and Brie Larson and Kathleen Kennedy to the point where it's just it's pathetic and lazy and doesn't really bring anything new to the table. Eventually they'll pivot away. Maybe they have.  I just see it in my feeds all the time so maybe they have and everything's great over there. On the stuckman side of things he announced years back that he was making this movie. He's making a movie awesome good for him. I think that's great. I actually wrote a movie script myself. I'm on the third revision right now and then I hope to do stuff with it. I think it's phenomenal that YouTube voices are rising up. They're putting in their money where their mouth is. They're getting into the game and they're trying to make something themselves. It's fantastic. So very good for him and it got fan funded. He has a big audience of people that love his stuff. Wonderful.  He's only going to review movies he likes and he'll put criticisms in those videos but not to the same point as something he doesn't. Okay. What's the point then of being a critic? What are you doing anymore? Oh you're just championing a couple movies and and then on the other hand he says like I don't need a Bash Madam Web because everybody else is doing it fine but then you don't also need to praise a movie like Oppenheimer or Killers of the Flower Moon because everyone else is doing that as well. Like which Laney are going in bud? Listen people have different things they take away from different critics and those critics themselves have different reasons for doing it. I can only speak for myself but the point of movie criticism to me is to put your voice out there express your true opinions inform people of what they should look out for in the flick why you liked this what worked about it what didn't and just have a conversation have a dialogue. Granted I also don't present myself as like an expert movie critic or a snob or someone that thinks his opinions are right and this is why this movie works really well. I'll give that information but not in a way that says like you're wrong if you don't like it or I'm right because I do it's more or less just this is what works for me and this is why it works for me take it for what you will. So when Chris comes out with the video saying we shouldn't be lazily bashing everything and saying it's terrible because there's a lot of people that work on the film there's a lot of talent there behind the scenes it's the studio's fault for the most part no I call bullshit what maybe puts me in a unique situation as I have a full-time job I'm a web developer and designer I've been getting criticism basically since I got into the field your design sucks this code doesn't work well there's no preamble that says hey we know you're talented we know you have it in you kid we know you're capable of good stuff but this blows ass they don't sugarcoat it it either worked or it didn't and do it better next time and that's how we should look at everything that is how we look at everything but now there's this rise in the last couple years of critics critics influencers coming out mostly and for some reason Stockman because he's making a movie right now and he doesn't want to shit in the pool that he's swimming in where you don't want to hurt people's feelings because you could maybe one day be in a position where you're interviewing them on a red carpet or you're knocking on the studio's front door because you want to pitch a film hey Netflix sorry I bashed on your last four exclusives and said they were hot trash but I have one for you that's not yeah that might not work so what I've been noticing especially on madam web are these disclaimers in front of their review basically saying hey guys I'm about to rip this movie a new asshole but before I do I just want to let you know the director is great the actors are wonderful the people that wrote this script meant well it's all the studio's fault or something it's just so disingenuous and kind of pathetic it's such an easy way to score brownie points before you then trash the living hell out of something why if a road isn't built well you don't then call up the city and say hey listen I know you guys meant well I know you have good construction workers over there and pavers and whatnot but this road leads into a pond and several people have drowned so fuck you listen a lot of people are involved in making a mountain dew product there's like 75 different flavors of that shit there's a purple one there's live wire there's a halo thing that might be the purple one I don't know Baha blast and some of them are horrible you may argue all of them are horrible but that's fine but you don't then go hey guys I'm reviewing the new mountain dew live wire or whatever but before I do I just want to let you know a lot of talented people work at PepsiCo a lot of really special gifted individuals designed the label for this product and oversaw what was happening behind the scenes and I don't fault the tasters who went in and gave this the thumbs up but something went wrong somewhere okay now let me tell you why this drink gives you cancer and is the worst thing that's ever been created ever hey I was at McDonald's the other day their Big Mac sucked but before I do that I just want to give a shout out to my fellow McDonald's workers I want to give a shout out to the managers pulling the late nights the cleaning crew the higher ups for getting that Big Mac out the window on time even though it was the worst thing that ever happened and I'll probably die within 24 hours of eating it good on them for getting that burger done it's so absolutely pointless and insulting imagine if chef Ramsay imagine if Ramsay was going out and he's like yeah this burger is raw but I just want to let you know you guys met well with it and we're gonna keep the kitchen open I would love if you kept making the same raw burger over and over maybe we'll just kind of modify it a little bit so people aren't getting sick no he goes in there and he says shut it down switch it off this burger's shit I'm going to show you what a real burger tastes like and that's what movie criticism is it's passion it's excitement it's energy it's getting out there in front of it and saying listen before you go to this movie here's a heads up of what to expect before you go to this film maybe think twice or absolutely go see this movie if you slept on it I know the trailers didn't look great but the final product is what are we doing otherwise we're sitting in a chair with a collection of fucking movies behind us and just going hey guys listen it takes a lot of work to make a movie I know this I first-hand experience so I guess it all just kind of rubs me the wrong way especially when it's from a person who did grow his audience in his channel by passionately raging about movies that suck and by giving week to week usually first impressions before anyone else gets to see the movie when you have a major audience and you have a platform to speak to yeah you can rebrand yourself and you can grow as a creator and do all this stuff but I just find it a little hypocritical and a really easy way to get out of the game by just saying like listen I've grown so this is what movie criticism should be and this is how we should approach it I don't think there's a movie fan on the planet that isn't familiar with studio interference or drama behind the scenes this isn't some deep hardcore take and I think a lot of people out there are just so overwhelmed with all the shit that's being made in Hollywood today because there is a lot of disingenuousness going on there is a lot of shovelware going on there's a lot of products going out for the sake of getting products out that's why all these Disney plus movies get made all the time and they seem to have no heart behind them yes there may be talent there there may be good actors signed on but I bet if you asked a lot of these actors they would just shrug and be like eh you know it was a paycheck I mean I've seen countless old videos of people doing that Arnold notoriously said that about terminator three he did it for the money and you have to imagine a lot of the crew even the directors at some points are just doing it for the paycheck because you have to give one of the studio and then maybe with the deal they'll let you make the movie you want to make and I don't think it's bad I don't think it's a negative in the slightest to get out there and say hey this movie's shit and this is why we can't keep supporting movies like this especially when it comes to sony who's cinematic spider-man universe that doesn't even have spider-man and it is such an embarrassment we're passionate about what we love I'm never gonna make as much on this platform as I will making a website there's just not money there for it so instead it's more about building an audience of people that like films and talking movies and discussing the pros and the cons having the debates having the conversations not going so far this direction where everything's horrible and the worst and everything is just woke and cancel culture and all that and not going this direction where you apologize for the studios or you're kissing a bunch of ass so you don't ruin a potential contact down the line there is a lot of ugly stuff out there and not just in the movie critic space all across the board misinformation hot takes that really are nothing more than rage clicks to get people to look at you online and feed the algorithm that's never ending and always rewarding people for the most polarizing opinions on the planet we're unfortunately in this crappy system and have to play in this playground and try to get our voices out there while also maintaining some level of self-respect and not falling into the easy traps of going down a certain road that seems very easy to get views revenue and whatever else and I guess I'll just leave it there this wasn't this was not supposed to be like a hit list on stuckman but if I didn't say his name or address the video directly then it would have just come off as cowardly or whatnot I don't know the guy he's seems perfectly fine he obviously loves what he does and again mad respect to him mad props for going out there and making a movie that's awesome good on you but I do not like his approach to movie criticism I don't like the whole white nighting of Hollywood and all that stuff I think that no one's above criticism I like talking about movies the way I talk with my friends I have kids and they have no problem telling me if they don't like something and obviously there's no subtlety there with children they'll tell you exactly how they feel and in a sense it's liberating it's refreshing that they don't think about it in the sense that adults do where you have to kind of hide around a bush and maybe whisper something and then go back into the cave it's a bush and a cave in this scenario but they'll just tell it how it is right or wrong or ignorant or otherwise okay that's all I have for you if you like the commentary if you like the honest take let me know like the video please subscribe if you haven't I post tons of movie reviews rants live streams everything movies all the time would love to have you stick around if you really like what I'm doing I have a patreon you'd be a youtube join member there's a super thanks icon down there somewhere and hopefully I didn't piss you off to the point where you're like well how dare you go against stuck man I'm not going against stuck man I just disagree with the message I disagree with this take here all right thanks a lot hopefully I see you next time


Good afternoon. Oops. Can everyone see the slide? Wonderful. Welcome everyone. My name is Melissa Armand. I'm going to talk to you today about momentum. I'm going to talk to you about trading. I'm going to talk to you about gaps, which is what I focus on. Specifically my strategy. If you have any questions, you can plop it in the room. Okay. I'm the only person that can see the questions. Excuse me. I will answer them as we go along today. It's been an interesting time to trade. I think we're either going to have one or two things happen this week. If the market's going to be dead, the rest of the week, and next week because of the Labor Day holiday, markets close on Labor Day, or we're going to have a very volatile period. Okay. Volatility means what? Something that happens is unexpected. That could mean a move up. That could mean a move down. Okay. Volatility is unexpected. It doesn't always mean one directional bias per set. Okay. It means it's unexpected. But the nice thing about momentum is if you understand it and you know how to trade it, you can make money trading momentum, which is exactly what I focus on and exactly what I do. And it's all based on the gap, particularly my gap rating system. So for those of you that are interested in my portion of my class and my system, which I will be discussing today in the lecture, the next class is a month away. I do the class about once a month. It is the end of September. It's September 25th and 26th. The cost of the class is $6,999. Everyone pays the same when they sign up. Sometimes I do special offers. I'm not going to be running a Labor Day sale starting tomorrow. I will discuss that at the end. If you're interested in joining, the class is always on the weekends, always on Saturday, Sunday, and it's from nine to five and it's a full on class. You can ask Kathy here. It's an intense class. We do a one hour break for lunch. Everyone that's in my trading room has done the course. And the trial that I offer for the trading room is designed for people that are interested in the class. Now, if you come to me and you want to just join the room, I don't allow that. It's for people that want to sign up for the class and actually want to join and learn the system. I understand that there's many educational programs out there and I'm going to be discussing somewhat about mine today and as much in detail as I can within the next 60 minutes. But I will say that the one thing that that is very unique that I do is I only have one focus. This is all I do. Okay. So while I have a company, which is called a Stock Swoosh, while I have a business and everything else, every single thing that I do focuses on only on golden gas. So that focus allows me to become successful day after day after day and year after year after year to continue to get better because I'm doing the same thing over and over. It's just like if you play this board, if you work off or if you I don't know if any of you are interested in tennis, the US Open is in New York right now. If you're focused on one sport and you practice and practice and play it for a number of years, you get better over time. You get really, really good. And that's pretty much where I've at. I'm started trading at the end of 2008. And although I did not develop my system the first year that I got out of that I started training, it took me about three years. I've done nothing but gaps since I started getting into gaps. So it's still a very long time. And I think one of the mistakes that traders make, and you may be in this camp, is that they jump around from thing to thing to thing. You're never going to really get good into something if you do that. So my tip of the day is stay focused on one specific system or strategy. I'm here today to talk about mine. And if you're interested in mine, then you can learn and sign up for my class, like I said. But even if you decide that this isn't for you, if you don't have a focus and focus on one thing, you're not going to see good results and you're not going to see everlasting and long lasting and consistent success. Okay. So today, let's get into momentum. What is momentum? momentum is a big move. It's money. It's volume. Okay. And it's what comes in and moves up, but it's really money. So how is my momentum conveyed? How is momentum created with cash that could be buying or that could be selling? Okay, selling could be real selling from a long position that sold off or it also could be shorting. Okay. So when I look at candlesticks, we'll just show you some charts in a minute, green bars or what buying red bars or what selling and everything I do is based on technical analysis. For those of you that don't know what technical analysis is, technical analysis is looking at price action to determine and predict the next move. So I look at past price data to predict future price data in a chart. Everybody has access to a chart or should have access to a chart that's trading. And if you want live charts, you have to open up an account and pay for a live platform with a broker. We'll talk about that more later. But any was momentum is a big move. And sometimes this can be a fast move, which I personally like. In reference to trading, the faster the move, the get the bigger I'm happy with that, then I don't have to worry about things like overseas stuff. It's happy in Afghanistan, things that Fed might say whatever. If I'm in and out of a trade very quickly, I don't have to worry about the generations of news and financial reports and, and everything else. Okay, we're living in an interconnected world right now, we're very connected. And I think that you cannot ignore the fact that we're connected and we live in a 24 hour news cycle as well. Things can happen very quickly in the drop of a hat or overnight.  I see some people coming in late. Again, if you have any questions, plop it in the room and I answer it as we go along. So what I developed and what I what I do is a system based on gaps. Okay, first of all, let's just talk very basic. What is a gap? This is a daily chart. Remember, I told you I look at technical analysis, technical analysis based on the daily. This is the daily chart of urban. We did this. I'll talk about this trade a little bit. But what is a gap? A gap is a difference through the close of the open right now. It's 440 eastern time. So anything that's moving after hours tonight up or down is guess what? It's gapping. Things gap up, things gap down. Okay, so let's take a look at urban stock rallying. Again, this was back on August 24th. Everybody with me here? Let's go back to the 23rd actually. So the stock gapped up on this day closed here at one price open here at a different price rally.  You would have made money low the day here was 3850 high up here was around close to 41. This was a long again. This is a big green bar. What happened here momentum? Momenta came into it, boom, ran up. This happened on a gap up and that worked. What is the gap down? Stock close here gap down the following day. This was earnings. So it closed up here around 40 something and changed and opened a different price of around 38. Foul. You could have shorted this. It fell. Again, the red bar depicts selling and then it fell, fell, fell. Okay, that was in the 25th. So what do I do? I get up in the morning and I'll see Urban snuggles a bug here or I'll see it here in the pre market and I will use my system to rate it to determine where it's going to go up or down. This might have rally. This might have fallen. Okay, so that's what I determine in the morning. Okay, but gaps are very significant in HR. Again, this is all based on technical analysis. So what makes the stock switch unique and particularly me? What do I do with my business? I have one focus, one system that I use and I replicate over and over and over again. Whether I do options or whether I do day trades or whether I do swing trades, everything uses the same system. I may use a different risk for options that I do for day trades. My time frame and my targets may be different for day trades versus options, but the system I use is the same. Okay, on top of that, what also makes me unique is my system is a system that you can learn yourself. That's the point of you taking the class and learning it. This is not arbitrary. Okay, I am not using some arbitrary system based on whatever. Okay, now while I've been doing this a long time and I'm very, very good at it, the idea of a system is you follow it and you come to the same conclusion as me. We all come to the same conclusion. This is a long or this is a short after the rating. Okay, a system is something that you can replicate yourself and learn it. So there's a lot of people out there doing stuff and I'm going to use, I'm going to use Jim Kramer. He's a television show. I appear on television as well, but I don't have my own nightly show, but I'm sure everyone's heard of Kramer. He's on CNBC. He's been around for 100 years. He makes stock picks on his live daily nightly show, but he does not use a system to make those picks. Okay, it's very arbitrary. He gives reasons for why he likes something, but it is not a system. It's not something you can learn and you couldn't replicate it if you try. You follow me. So again, having something that you can follow like a blueprint, which in my case is a checklist that I use every day. It makes it a heck of a lot easier for you to train and then it's not something that's arbitrary. All right. And it's not discretionary either. It's a system that you will follow to the letter and then you will get the results. Okay. And again, this is part and parcel of learning and the understanding of the process. Everyone wants to just follow, follow, follow while that's green. How can you ever use the information if you don't understand it? If it's so arbitrary and so discretionary that you have no clue why someone is making the picks, well then how can you use it for yourself? How can you even understand it yourself? And if you don't understand it, how can you put your own money behind it, which is what you'd have to do in order to take the trade? Okay. So these are all the things that make me unique and the stocks which of course is my company. So I follow a system and it's called the Golden Gap Rating System. I developed the system and I coined the term because it's like finding gold in the market when you find a golden gap. Urban was one of those. We'll talk about a few other trades in here that we did in the last week as well. Again, like I said, Monday the stock market is closed for labor day and the next two weeks it'll see what we get in reference to volatility with the market. But many, many days I'm looking for specific stocks or different stocks or unique stocks that have nothing to do with the market. Sometimes it's great when we get the market with us so we can have a bigger move which is fabulous. But I not always need in the market for my trades to get them to target because I'm looking each and every single solitary day for a special gap. Then I go through the checklist and I rate it and I go boom boom boom boom boom. Now, gaps sometimes happen at night. Right now there's a gap that's being created in a stock called Zoom. I'm sure every single person here if you've been alive in the last 12 months has heard of Zoom. Zoom is gapping down. I have not rated Zoom yet. Why? Because it's 445 a.m. I'm in a p.m. and by tomorrow morning, which is more than 12 hours away, Zoom could look better. Zoom could look worse than it does right now. That stock is expensive. It's over $300 a share. It moves a lot. It moves big. So I usually like to wait until the morning to rate it. Okay. But you have gaps at night in the post market and you have gaps at night at the pre-market. You could rate something like Zoom tonight if you need the system to prepare for the morning if you want to and then I would go back and double triple check it in the pre-market. But I get up early. I live in New York City. I live in the Eastern Times at the same time as the market, which trades from 9.30 to 4. I like to just get up early, go through my process in the morning before the run. But again, the process, the checklist that I do is the way that I utilize the information to follow the system instead of being discretionary and arbitrary. Because when you're trading on the fly and a win, guess what? You're not going to have consistent results. You're all over the place. You're in a good mood one day. You might do make a good pick and you're in a bad mood the next day and you make a bad pick. And it's based on nothing. And work could be based on the market. And if you don't get the market right, guess what? You lose. Market's been tricking. We broke out today. We made new highs in some of the indices. Not all of them, but some. But again, what I'm doing is looking for a specific thing each day where I don't mean the market. Okay. Any questions here so far? Hello. Is anyone there? I see Ira there. He wrote in the room. Let's go look at the urban trade. So again, urban close to your gap down fell. Boom. Was a short. We shorted urban. Okay. And so again, zoom is my watch for tomorrow. I'm looking at the zoom. I made short zoom. I make a long zoom. I don't know. Okay. All I need is one pick a day, one single solitary stock, one pick a day to make money. That's all I need. That's all you need either. So if you want to make money in the market, you've got to have a focus. Having the focus allows you to actually be a lot less stressed. And it actually allows you to become more successful because you are focused. You will get certain nuances and particular details and things that you that you would have missed if you were all over the place. That's how I developed such a such a a strict system. 26 points is a lot of things. Some people say, oh my gosh, it's so many things. Listen, if I could come up with 126 points, I would if that means I'd never lose. So, you know, I have a high wind ratio system. My wind ratio is about 80% wind ratio. So for every 10 trades figure two, we're going to lose and eight are going to work. But I still have trades that lose. But having the detail in the analysis is what helps. You can't do that if you're looking at too many picks. You can't do that if you're all over the place. Okay. So it's really going to help you make more money even just doing one trade a day. It's crazy as it sounds. That's really all you need. And even if you do small size, same concept, same philosophy. Because let's just say, let's just say you took a hundred dollar risk. Monday, Tuesday, Wednesday, Thursday, Friday. Let's say you had a good week and you had four wins and one loser. Okay. Say you made a hundred dollars on every day you won and you lost a hundred on the day you lost, you lost full. You'd be up, what, for the week? You'd be up 300 bucks. That's a good week. Okay. That's a good week with a hundred dollar risk, which really isn't a lot. And $300 a week when you think about it is $1,200 a month. A lot of people that are trading are not making $1,200 a month, let alone with a hundred dollar risk. Many people are losing $1,200 a month. Many people losing $1,200 a week or more on a day. Okay. So the idea of the consistency less is more will help you get to that point where you go from risking a hundred dollars. Once you can prove that you can make money and more trades that you lose, you can step up your risk to $200, $300, $400, $500 till you get to the point that you're going to earn $250,000 a year, which by the way you're going to have to take a risk of between $2,000 and $2,500 per trading. Okay. Any questions here so far? Peter said no. Okay. And he's getting back to what I was saying. Tip of the day, focus. Follow one system. Okay. That's how I make money and that I use the checklist. And if you follow a system and say you don't even know if it works, you're not sure if you're doing something you don't even know if it works. If you follow that and don't deviate, you'll find out if it works or not. In a week's time or a month's time, if you're following something to the letter and you're not making money, guess what? The system doesn't work. Too many people blame themselves and say it's my fault. I did it. It's me. It's do-ba-do-ba-do. No. Lots of systems really, quite frankly, do not have high win ratios and are not consistently profitable. That's the fact. I thought it was so brilliant that I was going to be able to figure everything out in six months when I first started trading and figuring out a system. It took me three years and I'm smart. So this isn't easy to figure out. And a lot of people do things that don't work consistently. So I think this is one of the reasons people become frustrated with trading or frustrated with learning different systems and classes. You have to understand the odds. The odds are that more people lose money in the market than win that are active traders. Active traders. However, when I'm looking for something, I'm looking at so much detail, that's what gives me the niche. That's what gives me and leads me the pack and leads me ahead. A lot of people don't want to take the time to do that. Why? They don't want to do the work. They just want trade ideas. They want to get in. They want to get out.  You still have to press a button to get in. You don't have to press a button to get out and you have to size yourself right. You can't take arbitrary risks in every trade. You take either. You can't risk a hundred dollars in one trade and a thousand dollars in another and five hundred or another. You'll be all over the place. If you take four winners and have one loser, you can still lose for the week if you're like that. So it's important to have the fixed risk be consistent. And again, that is up to you. That is up to you. You can ask me what I think about that. We'll talk about sizing at the end. And I'm always happy to tell you what I think based on the size of your account, but ultimately it is up to you to make those split second decisions in the morning. Are you allowed to take five hundred shares for two hundred shares or whatever? Okay. Anyways, the meat and potatoes of what I do is based on the Golden Gap rating system. The system pin points momentum in what? In institutional money. What is institutional money? It's money that moves the market. It's big, big money. That's how you get the moves. That's how you get the momentum. Okay. It's something like Nivinio, which rallied. I think I have this chart in here. If not, I'll pull it up. That was a call that we did. You could have also done it long as a day trade. The stock rallied and blew out and made new highs and kept going. Well, way passed through where I thought it would. That was last week. We're not long on that stock right now. We did a lot of good trades in that this year, quite frankly. That stock was getting bought by whom? Hedge funds. Big, big money. It's probably even for a 1k money in Nivinio at this point. Stock has flown. It's moved ahead of the market, quite frankly, which shows the strength. So, Nivinio's had a lot of momentum. Momentum to the upside. Okay. Again, we're not in that right now, but that chart is a good example of something that's got bought. So again, with institutional money you have buying, and you also have selling. Okay. You have to find stocks that move to get paid. I'm not a big believer in penny stocks, or cheap stocks, or these stocks that don't have any volume. I think they're dangerous to trade. You can get stuck in them. You might not get filled. Your stock doesn't get hit outright, whatever the case may be. I don't believe in taking 50,000 shares as something and getting that in 10 cents, or whatever people are doing with these low float stocks.  We're trading real stocks. Some of them are in the middle side range of price point. 20, 30, 40, 50 dollars. Some of them are more expensive, like Boeing or whatever. We're $200 a share. It depends what we do. Take less size if it's more expensive. Do an option if you don't have the margin, whatever the case may be. We've got to play stocks at a volume to get the moves, and we want to feel confident, again, that people are trading them. You don't want to be in a stock where you would move it if you took 5,000 shares or 3,000 shares or something like that. You can't do stocks that have no volume or low float stocks. You've got to do things that move. $1, $2, $3 or more. Again, I'm looking for the momentum. I'm looking for the momentum in the gap. Okay? Any questions here so far? And there's a lot of people who want to trade in art trading as well. I don't know if anybody here is a newbie, but if you want to trade and you don't know where to start, again, the main thing you need to do is set up, I would set up a demo account without any real money until you practice. That's number one. Get your chart set up. Again, I look at charts, I use technical analysis, and then I would determine what system you want to learn and from who. Because if you're all over the place taking ideas in chat rooms, like the Reddit chat rooms, which are just taking ideas from complete strangers that have, again, no system or strategy for their ideas, you're going to fail that way. You have to look at this like a serious business.  You can't just go willing million chat rooms with trade ideas. You have to have a thought for process. Maybe that person makes you sit down once and we can say, why did you take this trade, Mr. So-and-so? Why did you do this? It lost. What was the reason you did the trade? If you can't give them a reason, and the trade lost, or even if it worked, if you can't give you, give you a reason, they're going to pull their money from you. They're going to say you can't trade it anymore.  And although people got a lot of stainless money this year, I know people are being careful with their money. Protective, if you want to say that, because we never know where the economy is going to go. Any questions here so far? And getting back to protection. When I trade, I use stops. When I do day trade, I use a stop. A stop is a limit order. I put in the order, boom. If it hits me out, I get stopped, I lose. If I need to retake it, I retake it, but the stop is like the insurance that protects me. Okay? Anyways, I create a system called the golden gaps. I follow it to the letter. I don't trade on the fly. I don't deviate from it. Today, for example, the trading room, we didn't do anything at all. Nothing met my criteria. I get up in the morning and I rate the gap. I'll rate as many gaps as I can find until I find something good. Either I don't have any good ones, in which case I don't train, which is which is discipline, okay, or I will have a couple. Maybe I'll do more than one thing. That's rare, but I try to find one. Or maybe I narrow it down to just one of three or four. Or maybe I rate five and none of them rate per the system. Even though I found gaps and even though I rate in them, they don't rate good enough to do. So again, I look at trading as odds. I'm trying to put the odds in my favor. That's why I have 26 points. Putting the odds in my favor means what? I rate it and then I'm looking for 20 is the cutoff. 20 points or more per the system. Show the higher the rating to that of the gap. If it rates like 15 points, I'm not doing it, okay? That's not high odds. In trading, you're looking for a high odds, not low odds. Like if you go into a chat room and take an idea from a stranger that you don't even know or why they're doing it or they have no system at all, that has a low odds trade of working.  You have to look for high odds. That is again the focus and the point of following a system, okay, for you to be successful. Any questions here so far? So I'm drilling this into everybody's head. Follow the system, follow the system, follow the system, don't deviate, do the work. I look through the trading room today. I was telling people, do the work. Do the work. Get up in the morning and do the work. You will trade better when you do the work. You'll be able to risk more when you do the work. And if you take a trade and it's down before it goes, before it's up, which sometimes can happen, guess what? You won't be nervous about it if you understand it. If you understand the gap, you know the rating. You say, well, this is good, okay? And it's getting back to momentum. Not only do golden gaps have momentum, they also have a high risk to reward. What does that mean? I know there are some places out there, some systems that say that you can get a thousand return and investment percentage of thirteen hundred percent, you know, five hundred percent, all crazy numbers. I'm not saying those numbers are impossible to sometimes get in trades. Do I sometimes have very high return investments or rewards in trades? Yes. Is that something you should expect every single day or every single week? Absolutely not.  Normal, normal, normal trading. And again, this is normal. You want to be normal. You want to see the longevity in this, which is not throwing your whole account into a stock or a trade hoping for some huge big payout, some piggy target with a thousand percent return and investment or whatever like people have been doing this year. And people have been doing crazy stuff this year. Not that they never did before, but people are even doing crazier things this year. You have to look at this like a long-term thing, okay? So, normal is what? You take an options trade, you're looking for 50% to 100% return investment. 50% is good. While we sometimes get trades that are way more than 100, that's not free plan. I don't know that till I put the trade on and it goes. And you see how much momentum is coming into it. And in reference to a day trade, what I'm looking for is a one-to-one. So if I'm in a day trade, like I said, I'm risking 100, I want to make 100. And that's normal where I'm flipping it over, okay? So, some of these crazy, crazy percentages that people talk about are not the norm and you need to be, you need to know that. And that's why, again, you have to be realistic with your risk and your targets. And then most importantly, you have to build money. So, you can't be up 100% in something or even 75% in something and a market like we're in, which is volatile to be honest with you. In my opinion, it's wishy-washy and then not both the profits. The idea of trading is one, it's booking money. When you have momentum, you can profit as long as you're in the correct direction. Again, we need to have the momentum, we need to have the volume and of course, without saying you've got to get the direction right. In the urban trade we did, if you were long, you lost. We were short, it kept going, but you have to get the direction right too, all right? And again, part of this has to do with what timing. So, we're looking for a specific time of the day to get in and as quickly as we can to get out if we can get it. Now, I'm talking about day trades, options of doing the weeklies, but again, the sooner I get the options, the sooner the better. If I could do every single option straight and get in and out the same day, I'd do it, but sometimes I do end up holding them overnight because they haven't moved on the day, at least for me to get out of the 50% mark, okay? But you want to protect your profits. That's very, very important. Any questions here so far? Let me know if you do. Anyways, following a system like the Bowling Gap will give you a focus, will keep you, you know, in line, I should say, with what you're supposed to be doing and really part of being successful is doing the work. I was talking earlier about playing a sport. You're not going to get in the US Open, you're not going to make it to the finals, you're not going to win or any of that unless you're willing to do the work. And many of these people go through a tremendous amount of work and years and years and hours and hours of their life to get to these points in life. Everyone wants to be successful and make all kinds of money like yesterday. That's again not reality, like the idea of a thousand percent return and investment in a year, that's not reality either, okay?  So my system, the golden gap, is effective because it results in momentum, big moves, by finding them and pinpointing them to get the profit and it's efficient because many, many, many, many, many of the moves we do happen fast. So we don't have to mess around, we don't have to wait for stuff to go and not only that, we don't need the market, as I said. Now let's look at Baidu. Baidu was a beautiful, short, which we could have day-traded or didn't have put in or did both. Sometimes we do both in these trades. Let's take a look at it. This was back in the middle of August. Baidu closed your gap down, aerated it, aerated as a good gap, fell, boom, fell, dropped, gap down again, followed through, boom, boom, boom. Here's the Baidu, okay? Fell all the way down from the initial gap, take it to the left or take it to the right. It was a little bit under 160, within, this was about 8th August 12th, it looks like. So within a week and a half, it was down your wear, roughly around 135. So again, we're talking about momentum, there it is, you're utilizing the system or raiding the gap, and you take it in the right direction and here's the move, okay? So you see it's very easy to make money shorting something that's just going down, down, down, down, down, down, down. Okay? Not a lot of thought involved after you do it and it starts moving. Depends how long you want to hold it. Again, if you want to do a day trade or a putt as an option, but again the raiding system directed you, directed you to take it lower, to tell you this is going to sell off. Okay? So I called an option and on that day, a gap down on the 12th, it was the 150, 750 strikes, it was a good one, it expired on the 20th. Again, I usually do the weeklies or I might call it out for the following week. This was a Thursday. What's a putt? It was a short. Cost was cheap, I thought, for this price point. 325. 25 contracts at an advanced risk of 8,125 dollars. You don't need to resist. You could take one. You could spend 325 bucks, sold at 15. This is a nice trade. It was a 362% return investment. Actually, this was not even holding it all the way down. I'm showing you it. You could have pulled even more out of it. At a certain point you must get the momentum and book the profits, like I've said. But I kept watching this and talking about this. I'll go back to the daily in a minute and show you what I saw. I was talking about it every single solitary day in the room. Profit was 29,375 dollars with this higher risk. Now, if you wanted to risk a smaller risk, say your risk was about thousand dollars per train, you still could have made 335.25 on this. Again, let's go look at the Baidu chart. So, here is the Baidu. So, this day here, you were up a little bit when I called it, but it didn't really go that much when you were up. It was only up a little. So, I talked about it and talked about it. I love the gap rate. The gap system directed me to hold it. To hold it. Say this is good. Okay? So, again, understanding something, comprehending the information, the focus, the focus, allows you to say in something because I will tell you this backed up. So, from where we took it, then it backed up because it's closed here with a little baby bar and then a tail. The trade was down, down that day into the close. So, the conviction and the understanding, the focus of the system helps you hold it. Then it went good the next day, fell. And again, anywhere in here that you could get out of this was beautiful. I call this, you can't mess this up. The type of trade where you can't screw this up, I say. And again, I get out of this way before this very last point, but I just want to show you where you could have been in this thing. You know, I don't know what the exact dollar cost of this was even the day before the expiration of the 19th, but it was way more than 15 because this was 135. This was more than $22 through the strike the day before. Look at that. But, you know, at a certain point you have to take profits. Okay. Now, what's the benefit of doing an option versus a day trade? You can have a cash account. You can open up an options account with $2,000. You don't need to have a margin account. That's a benefit. I happen to do day trades and options. I like both. I can capture the overnight moves with the options like this and I can do day trades too, which we'll talk about a little bit. But momentum is the kind of thing where you want to go with the momentum. A lot of people want to get tricky, tricky, tricky when they're day trading and retail traders, they want to get tricky. They want to go against it or whatever. No. When you have a good gap, again, it has to rate per the system. I'm going with the momentum. If it doesn't rate per the system, guess what? I'm not trading it at all. I'm not doing it. If I don't feel the momentum's with it, why would I trade it? Why would I do it? Why would I risk my money and something that isn't going to move? It's a waste of time. And again, if you're looking for the market to help you get a move, good luck because you got to read the market, then write every single day. Even I don't get that rate all the time. I get the market right a lot, but not all the time. The market is tricky. Momentum is your friend, okay? Now here was the urban that we did. Closed here. Gapped down, open, fell. So this was a day trade. You would have had to short this to margin. We did this as a short. I did not do an option in this, but you could have. I think there was options in this. I did not do it. We shorted it at 3760. If you are in the live room, I will call the exact entry. I will call the stop. It's up to you to determine your size. An advanced trader risk was 3,000 shares with risk of 2700. Exit was at 3645. This kept going. I'll pull up to go back to the chart a minute. This is just a quick fast in, out. Get the momentum, out. A dollar or more, out, out, boom. Profit was 3,450. Where did this go? Let's take a look at it. This was back in the 25th. It continued dropped. Looks like it didn't quite get down to 36 that day. It eventually broke. 36 fell all the way down here. Actually broke 35. The following day, look at that. Look at that. So you will get big moves and sometimes you'll get a secondary move. We did a, we did Peloton on Friday. I did not do Peloton today. I did not want to do anything today. I didn't really like anything today. I didn't want to do any continuations today but Peloton did continue today. Peloton was our Friday short and Peloton continued today. Similar, similar to Urban but not as big of a bar. Now back on the 26th then, this was the day after we did DLTR. This again was a short. I love today trade shorts. Again, I'll do calls in the newsletter on the options. I'll do puts. I'll go long as a day trade but we've had some fabulous shorts in the last month of August, even in July too. We've had some really good shorts. Despite the fact that markets were running up, I'm picking the good things to do to short. So this closed up here the night before. Again, boom. Gapped out in the morning here. Around 97 and changed. Fell, boom. This continued too. Look at that. Again, what is this? Selling. What is this? Shorts. What is this? It's a gap. It's a gap that rated per the Golden Gap system. I rated in the morning. I did the worksheet. I filled it out. I said, I like this. We're going to do it. Down here's the volume. You get the volume. You get the momentum. It's going in your direction. It went way more than the buck. You only need one thing to make money every single solitary day. This had a kind of a big stop. So I only had 1200 shares of it. Again, your wrist should be close to similar in every trade. Exit 93, 55. This was a good exit on this actually. 3000. What's the profit? Let me go back to the bigger chart. This was a really good exit on this. But it's difficult to always get a little of the day exit in a shorter height of the day exit along. But you follow it through. We talk about the targets in the room. That is something we go over.  I do teach targets in the class. That is something we discuss. Again, everything's based on advanced technical analysis. Everything's based on the chart. Okay? Everything's based on the system. Everything's based on momentum. Everything. Don't deviate. Stick with the system. Let the system guide you. When you're doing that, then guess what? You're going to be a lot less stressed. There's no way to get away from the stress of taking risk. You risk a thousand dollars. You know you could lose it. If you trade it before you know that's true. If you're new, you need to know that. Every time you take a trade, the trade could lose. You could lose that money. So, you have to assess it and say, how can I trade less stress? What can I do to make this as easy as possible for myself? Okay, number one, do less trades. One trade a day or two the most is good. That keeps the less stressful. Number two, understand what you're doing when you take the trade. Have confidence in the system. Have conviction. And three, use the system. Use the system. Follow it. Do not deviate from it. While your results may be that some trades you lose overall if you follow the system Monday, Tuesday, Wednesday, Thursday, Friday, you will have a lot more trades that work but don't. Why? Because of the fact that you know your system has a highway ratio. And even if you lose today, you'll win tomorrow.  Any questions here so far? I use the system to day trade and I also use the system to trade options. So, we already showed you a couple options, newsletters too. It does not matter how you use it, but you need to pick your risk. In reference to options, the options are a good way for people to trade who cannot be in the live daily trading room. So, if you can't trade with me in the morning, the room opens at 8 30, I start talking at 9, 9 15-ish, and I start trading around 9 30, 9 45, 10 o'clock, depends on when they get a setup. I'm trading in the morning. If you're at work or you can't do it with the time zone you live in and you can't do the day trades, options are a way to utilize my system. It's the same system. It's the same exact system, the same rating system, everything when I make the options picks, but you can take the trades that get sent to you, tune a newsletter in live time via your email, you can place the trade on, you buy it, you still can't do it till after the open, you buy it, and then you immediately can put a sell order. So, like you could buy the video calls, say you paid two bucks, get in, and then immediately put a day order, cancel, sell order at three. That way you can go about your day, you don't have to worry about it, you don't have to follow it, and if it hits you out, you make 50%. That's normal. Now, I do put targets in the newsletters. I don't have them in here, but they are in the newsletters, and you can watch it and watch the chart if you want to watch it to go to the targets. Okay, but options are good for people that cannot actively day trade or that don't have the money to have a margin account, which we're going to talk about in a little bit too. Any questions? Now, one of the reasons I like doing margins besides the day trades is I'm not day trading Amazon on margin. One, it's very expensive, and two, it's crazy, crazy spreading. So I like the the fact that I can do an option in something that's very expensive, still be able to partake in trading something like this, and not have to be concerned about spreads or margin or things like that for the cost of the stock. So very expensive things are another good reason to trade options too. So we've done, we've done Amazon. Here was the gap in Amazon. Stop close to your gap down, open fell. This was the night before the earnings. This was the day of the earnings, took a little bit of a while to go, fell into here. The day of the section was the end of the month of July, hard to believe it was a long time ago. Then it plopped in here, it took really almost three weeks to fall and break. Never got down to 3,150, never got down to 3,100, never got down to 3,000. It might some day, but it did have a nice sell-off in here. We did the 3,300 putts. Again, a put is a short. I called this trade on August 9th. This was a pretty tight trade. Go back here and look at it, take it up. Here, fell, boom. Now by tight I mean I didn't give it much time.  Actually this was pretty reasonable for Amazon. It cost $16 for one contract. Five contracts, which was 8,000 for an advanced trade. The risk sold at 31 profits, 7,500. Return of investment 94%. That is a fabulous trade. Again, you could have put an order out to sell it at 50. If you can't watch it, it's that's profit. Now what if your small account? Take one then. Just do one. That's $1,600. One. You could have made $1,500 on it. Two days, boom. Take it, buy it, and if you held it down into the following day, that's where the sell-off occurred. Let me just go back. You take it here, boom, drop. So again, I love it when they go fast. Fast to meet an option is the same day within 24 to 48 hours. Fast to meet a day trade within 10, 5, 15 minutes. So this is a way to trade very expensive stocks too. Okay, we also did Boeing. This sold off today and the QQQ's rallied and made new highs. So you have things that are kind of all over the place right now. One of the things that's a problem for the market is the dichotomy in the market that you're seeing right now where not every industry is going together and that is unusual and not the norm. We were in a situation like that a couple weeks ago and the market was sideways. Now we're then we connected again and now we're back in the situation again where things are not enough. That means choppiness in the market. It means you've got to get the right picks. It means maybe you stay away from playing the actual market indices until you understand exactly what you want to do and the market picks a way that it's all going to go together. Because if you have a problem with something like Boeing which drives down the Dow, which is the dynamic ETF, you're going to have a hard time getting any push through and aspire the QQ's if you don't have the follow-through. Everything has to go together to get together. Now we did a short, it was August 18. We did the 215 puts that expired on 827. Let's look at the gap. Let's look at the gap. Okay, the 18th is here. Oh no, I'm over here. Gosh, that was July. Sorry. Here's the 18th. Yeah, here. Closed here, gap down, fell, boom. Here's the move. So the move happens overnight where it goes plop. So again, here's the close. Here's the open. In this case here, we were in it and then we captured the move overnight because it gap down into the move. Again, momentum is where down, down, selling, the momentum continued plop and it fell and gapped out into the trade that we were ready in. You see that? Again, I rated the gap, the gap rated good. It performed. It performed, the chart performed, the momentum went, it was to the downside. Cost was 250, number of contracts was 30, risk was 7,500, sold it since, profit 10,500, which is 140% return of investment. That is a nice, nice trade and a solid trade within 24 hours. Or you could say 48, whatever, if you count for two days, but it was a nice trade. Again, we are looking for momentum. I want the momentum to go in my direction. In the case of a put, that means what? A red bar, it means selling. Again, in the case of a green bar, it means buying. If you have a smaller account, again, you could have risked a thousand, which would have been four contracts, sold at six, profit 1,400, return of investment, same 140%. Okay, but again, you could have got out of 100. You could have set your order for 100 or you could set your order for 50. If you really can't watch stuff when things take target, so I tell people put a sell order at 50, because you, you know, things can hit targets pretty fast and you really got to watch them. And again, this is if you're busy or if you have a day job and you're doing other things, but I'm always looking for the move to be fast. I'm always looking for the momentum to be fast. Again, I don't have to worry about the gyrations of things that are happening all around us. You could be in a long and trapped in something when the bomb goes off over in Afghanistan. What are you going to do? Or upside down the other thing? You, you need to be aware what's happening around right now in your trades. And most importantly, you have to book money. You can't let good profits get away from you. And again, when people are thinking about crazy, crazy, crazy numbers like 500% or a thousand percent, I'm not saying we never get great trades like that. You saw that one in there, there was over 300, but that happens whenever it happens. It's not something that happens every day, nor is it planned. These things on your job is to do one thing. It is to be consistently green, to have very few losses and way more winners. And that is what your job is as a trader. This whole idea and this whole thing that's happened in the last year of 2021 with this GME, with these Reddit people, has made people with GameStop think crazy, nutty things all the time that they're going to risk a small amount of money and make a bazillion dollars. That is so rare. It is an anomaly. You can't look at trading like that. This is an activity, this is a function, this is a skill set that you will learn in the understanding of the system and then the application of it. And it's something that you will consistently do to chump money and pull it out of the market on a regular basis. You will have huge trades if you come with me.  What was a good point? What did I say that was a good point, Peter? Getting back to what I was saying, you could trade options with a two thousand dollar cash account. So you don't need a lot of money to trade options. You can't risk two grand, you can't risk your whole count of one trade. Okay. Be reasonable. You can trade on margin at a prop firm or retail firm. What's the difference? A prop firm is going to give you ten to one leverage and it's going to give you more leverage and you don't need 25,000. A retail firm is going to give you four to one leverage and you need 25,000. They have different rules and different requirements. Okay. You can check them out online. I would do your due diligence wherever you go. You must be able to short. You must be able to enter a trade and short it and take it. Okay. And the amount of cash you need again varies from prop firm to prop firm. Retail you're going to need 25 grand. Prop firm, you could trade with those five thousand dollars. Some places allow you to trade with 25 hundred. You've got to do your due diligence and check them out. Fees are different too. A lot of retail places now are not charging any fees for commissions which is very beneficial but then you've got to have the 25,000 there. They still may charge you a platform fee though. Okay. Prop firms still charge platform fees too. Of course you don't know what's happened in the world and how it could affect things. And I know watching the news is depressing. You know it's gotten depressing ever since last year. They in fact, I'll tell you it came out today now. They've it's uh the flights. They've restricted flights now to Europe from the US. That's negative. I don't know when that will take its effect on the market or on stocks but that is not good news. That is not good news at all. That is probably one of the reasons that the airline Boeing fell today. I did not look at the other airlines. Let's quickly look at them. I know we're running a little bit late here but I'll hurry up towards the end. Um fact that news I saw that news after the VA was running down. So they probably knew that was going to happen because they were talking about it over the weekend. Yeah look at this. So all these airlines fell because of that. Do you understand here? That's not that's not good. That's not good for anyone. So unless it's essential essential travel now you cannot fly to the United States to Europe. Well guess what? People aren't going to come here for tourism. People aren't going to come here for vacations. We can't go there either. Uh you as far as real estate in New York that's going to tip the scales here for real estate and tourism for the holidays in New York City that's bad for New York. Yep these things all tend today. Let me look at United too. Yep there it is. All right so that's interesting but that came out but again that's why you got to understand what's going on too. You know you have to know for so many reasons. What if you were long? What if you were long Boeing? You know what I mean? Now getting back to how much do you need to risk to earn to make 250k a year. I say between 2000 and 2500 is a good amount. And that's a hefty amount to risk per trade because you need to be able to risk it every day. If you do one trade a day you have to look at it that way. You don't have to start out with this. You can maybe step it like I said and you don't have to wait forever to increase your risk if you're doing well. If you're trading for the first week and you're doing well. Step it up the next week. If you're trading for the first month and you're doing well double your risk for the second month. No one's sending you to take forever to get to the point where you're risking more. Okay? But I would start out slow. And again one trade a day. One focus. Okay?  So it's not like I take the same size in every trade. The way I size myself is a dollar amount not the share quantity. Otherwise I'd be taking different amounts. I can't take 30 contracts in every option. What if one costs $16? A one cost two bucks. You see how that would be all over the place. So you have to look at it. Go by step, step, step. It's the dollar amount. $500, $500, $500. $1,000, $1,000, $1,000. And by the way $500 is a great risk amount. I mean the way that things have been going with us, you can risk $500 a trade and do extremely well. Extremely well. And I don't think that's a crazy amount to be honest with you. But anyways the money comes easy when you're trading momentum. You got to get the momentum or you're not going to you're not going to bank, make bank. You can use my system for day trading, swing trading and options trading. How much you make is a function of how much you risk. However, how well you do is knowing a system and following it or not following anything at all. And flying by the seat of your pants which like I said is not a good idea. So everything I'm doing I'm looking for a good solid risk to reward in my trades. Again, options 50% to 100%. With day trades one to one. You've got to be consistent with your share of size. You've got to. And again I call the life trades in the room. I call the entry to stop and the exit. As you get better you can risk more. And the more you risk then the more money you're going to make. So I would spend your time wisely. Sitting at your desk for six and a half hours a day. Your eyes are going to get tired. You're going to go bonkers. This is even if you have the time to do it. But say you do. Say you're retired. Say you're not working right now. Say you are at an office where you can trade all day and do your other job at the same time. I don't trade six and a half hours a day. I'm in and out of my day trades pretty quick. I'm spending the first half an hour of the day maybe the first hour. But usually the first 30 minutes of the day. Now if I'm in an option like I said I could be in something for a week but that's a long time. Preferably a day or two. So and I don't sit and babysit my options. I'm doing things whatever. I'm talking. I'm on TV. Whatever the case may be. I'm not staring at the screen necessarily all day long. The benefits of trading particularly if you want to do this is your full time job is that you can work your own hours one hour a day whatever you want to work. You can choose to do the options or the day trades. You can take vacations when you want. And your income is determined by your experience and the size of your account and your risk level. Emotionally how are you with your risk? Are you okay with taking a $2,000 risk portraying? Or not. The better you get at it though the easier it'll be for you to take it. This is where again the knowledge comes to the point and the focus as well. Sometimes I take a trade and I'm down and I have a pretty hefty risk. I don't get stressed out about it because I have conviction in it. I have conviction in it. The conviction that I have comes from the knowledge and from doing one thing now for 13 years. Okay. So how to get to that point? Again this is one of the things that makes me so unique because many many many many many many traders and educational places that are out there too teach a plethora of things. A lot of knowledge in multiple things isn't going to get you where you need to be in reference to success in trading. Just like if you played every single sport out there that doesn't mean you're going to win the US Open.   A lot of people have unrealistic expectations every time they're risking money. Don't have unrealistic expectations. Just have a realistic expectation that you're going to risk $500 and you're going to make $400 or $500 and that's what you're going to do. Do you see the difference? But if you can replicate that over and over and over and over again and look at it as a whole week by week by month by year you're like oh my god this is a lot of money. I'm actually doing this it's actually coming together I actually can do this now. And more importantly do not trade unless you know what you're doing. So many people trade and don't know what they're doing particularly in these free chat rooms right now. But ultimately information is invaluable. So many people now don't want to learn and understand things. I get that 16 hours in two days is a long time to be in a class but if I make it fun I am not a boring person to listen to for 16 hours as Kathy she's been in many many classes with me.   Get back to thinking. Get a notebook buy a piece of paper go to target I just went to target the other day I bought six notebooks they had it on sale and just got them it was back to school stuff. I use paper I write stuff down that's how you learn it that's how you grasp the information ever heard of writing stuff down the more you write it the more you learn it okay. Print your charts out draw on your charts make all kinds of lines all over them do whatever you have to do till you see it and you understand it okay. Go back to school for yourself you're gonna make more money in the end trust me. There's no shortcut where you can do really well in the market and not understand what you're doing there's no shortcut you've got like every person that seriously making real money in the market knows what they're doing period end of story okay. That's just again going back to the nuts and bolts of reality.  You want to be on your two feet for every one person that made a lot of money in that huge GME move which was really the only guy that did exponentially well was that guy that came out and blew it up with that YouTube bidding in the first place most of the people did not because they bought that stock too late after it became a phenomenon and then it crashed okay. And then they were on their feet and then they were off their feet and then they're on the floor broke okay. You want to be able to put one foot in front of the other and keep going into the future. So my Golden Gap rating system measures gaps by rating them in the daily chart to find stocks to trade them path number one a high probability directional bias for the entire day big move of the day early confirmation of the bias and the move in between 9.30 and 10 a.m eastern time and precise entries will follow through at a good risk to reward target potential. So the Golden Gap 26 point rating system that's what I do it finds the momentum for you to play again whether it's long or short but I do prefer to short this was the buy deal that fell I prefer to short why because panic comes in when something sells off panic could come in really quick a panic could come in in the next couple of days even though we made new highs who knows what's happening right now tomorrow's that deadline over in Afghanistan August 31st what's going to happen nobody knows nobody knows we're living in a world right now where you get up in the morning and sometimes you watch the news and you look at what happened last week with that bombing that was terrible terrible I mean I hate to say it but you know you gotta at least turn the news on for five minutes in the morning and see what's going on the first thing I do when I get up in the morning is go look at the market I'm half asleep my eyes are half closed and I look and see where the market's gapping and then I can see where we are in the day and then I turn the TV on okay and again that goes back to saying about taking profits so my system is called the Golden Gap system 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 you go through it you do the work you fill out the worksheet that's what I do that's what you come and you learn how to do it you're going to trade better the checklist tells you what to trade when and in what direction the 26 point checklist predicts directional bias in the stock and the momentum that's going to come in there after it okay that is what you will play on now we talked about the options newsletter this is not a class this is a subscription service there are no trials for this there are no prerequisites either there are people in the newsletter that are making money that have never done the class I do think you will do better if you take the class and learn the system and then when I subscribe to the newsletter but that's up to you if you just want to do options you can just subscribe to the newsletter service it's 12 months for $6,999 you can sign up at any time if you sign up today get the trades tomorrow it's whenever I see the trades it's whenever I send them it's plenty of trades than a one-year time I will say that so it's one year of newsletters for email to you in live time okay now if you want to learn the system that we've been talking about how do I make the options picks how to make the day trade picks again we did Peloton was the last thing we did on Friday I rated it and rated it as a short it worked the system what you learn in it is the 26 points it's a very specific way to look at a daily chart to predict how to take the trade you learn how to read institutional money and price patterns and gaps and quite frankly you don't need to do anything else I haven't been doing anything else for 13 years I started doing options about six seven years ago just as another way to make money to capture overnight moves and now I've been doing both but you know I didn't start out doing options I started out just with the day trading and I realized then that I can capture longer moves and options in fact I didn't do an option in Peloton I wish that I would have Peloton's continuing I didn't do a put in that but I could have but anyways if your reason for trading which I would think is to make money you've got to have a focus and you really have to know what you're doing and if you're not excited about taking a class or you've taken classes in the before before in the past and you have not learned something it probably was not as detailed as my class I will say that okay so it's it's the focus this is all that I do when we have downtime when we don't trade I'll teach you stuff like we did in the room this morning so I do lessons in the room and proprietary things we discuss on days we don't trade most of the days I am trying to trade but if I don't find something I'll do a teaching lesson again we're trading between 9 30 and 10 a.m. for the day trains but the options I usually call in the pre-market you take them into the open sometimes I will call one in the afternoon but not often if you want to work from home and you're looking for something else to do whether it's a new career a part-time side-time job or you're retired you can do well with this I have people of all different backgrounds of all different ages and all different monitoring amounts of risking that are with me I've had the business a long time and I can sense when people need help or whatever and I'll jump on a Skype with people I will help them on a Skype and we'll go over what their issue is some people do have trouble with sizing you have to be able to make a decision if I say 10 by 50 guess what it stops 40 cents you have to be able to size if your risk is a thousand dollars how many shares you can take with a 40 cent risk do you understand I found that is the biggest biggest biggest problem that people have to come to me and that's something to do with my systems particularly it has to do with you know it has to do with math people are just not go with math and their head very quickly so then my suggestion to you is if you know that then buy calculator okay I have the calculator here for the options you got plenty of time to size yourself with the options because you're putting an order out to fill it but with the day trades if you take it and you undersize yourself and you realize it add to it if you undersize yourself then when it starts to go shave a little off shave a little bit off okay but again buying a calculator will help you as well so my goal and gap system is something that you can learn if you want to make money what do you learn in day one the 26 point rating system that's a whole day and day two is the entries exits and targets again the class is not for another month it's September 25th and 26th however I'm running a Labor Day special if you want to sign up before then so then you could have access if you want to be in the room and you would do the class at the end of the month I will go slow until you actually take the course however the dates for the class are September 25th then 26, 9 to 5 costs of the class is $6,999 you can email me at MelissaBestockSwish.com if you want to sign up now the Labor Day special is you will receive the training from free to the end of 2022 this is a huge offer that means you would get all my calls on the live room and free access to the rest of 2021 I mean it's only in August until the end of 2022 the whole year 2022 you must sign up but September 6th which is Labor Day this ends on Labor Day any questions from anyone about anything at all if you're serious and you're interested in the class then you can email me if you want to trial for this week the room is closed Friday I'm off for a long weekend so you can have a trial for Tuesday, Wednesday, and Thursday if you are not interested in the class the trial isn't for you because you cannot join the room without having taken the class okay so serious people only only if you're interested in the course any questions sorry I went over Kathy but thank you for letting me say great picture in New York it was a long time ago I will check my email when we're done it's all even fun for a while too VW you have every webinar but you haven't signed up I think you've been following me since 2012 I don't know why and you're new Duke you're new S-31 is wrong you've been around a while too Joseph you look new to me there's a mix here tonight of new people and old people listen we'll see what happens tomorrow tomorrow I think it's a pivotal pivotal day for the country they did not get all those people out of Afghanistan it's terrible terrible terrible they know that they didn't I don't know what's going to happen it's really really just a crisis situation and I am concerned for the people that are trapped there it's definitely one of those situations I manually go through that's what you learn in the class the 26 points I make the picks by going through 26 things one two three four five six that's what you learn in the class that's the meat and potatoes I go through 26 things and that's how I make the selection how long does it take you to do it if you've been doing it for a while you could do it in three to five minutes if you're new it could take you 15 minutes for one to do no I do not have a basket of stocks I look at all the stocks that are gapping on any one given day you may have thousands of things that are gapping it does not mean that I rate thousands of things so you know I'm good enough that I can do it and just scan and say no no no no no no no without going through all 26 things but again that's part of the process and part of learning it there is no there is no automated system you are using your brain remember I talked about earlier buying a notebook using your brain you were the bestest person to make the decision about something not a computer and by the way people that use black boxes and computers guess what they're programmed by people with brains there's no skipping around you've got to use your brain you've got to take care of yourself you've got to get a good night's sleep before you train you've got to have breakfast or lunch or dinner depending on where you are and you can't trade on the fly and don't trade if you're stressed out and don't trade if you're sick and don't trade if you just had an argument with somebody if a cat had an argument with her husband I would say don't trade today take the day off if a cat got out or got lost or something happened or if he was sick I'd say take the day off don't train today the cat sick no program you're going to learn it and you're going to do it with your brain no automation if it was not easy to automate something guess what no one would ever lose everyone would have a black box and no one would lose any money it's not that easy even for hedge funds you know what I mean and how would you program something like what's happening in Afghanistan into a black box you couldn't you wouldn't it wouldn't be predictable either you know what I'm saying so we'll see what we get tomorrow again it's a light week but I know Zoom is gapping tonight I will rate that in the morning I don't know if I'm doing it but I know it's rateable and then we'll see what else we get as well and we'll see where the market's joined I just quickly looked at the market it looks like we're pretty much flat quarter of six not much happening tonight we're flat for now but the airlines were down today and did fun and that news came out later but they were talking about it over the weekend so the airlines obviously priced that in today's move any other questions from anybody else or Duke I see you're typing something do you have another question again if you would like a trial email me at melissa at the stock swush.com serious people only I'm very upfront with people that's why I told you the price of the class right away is like at most people's websites we're talking about educational places they don't even have the price on the website that's ridiculous to me if I go into the store and I go into Neiman Marcus or I go into Neuerström the price is on the item this not telling people prices is crazy I will read your email Ira respond to you Duke you're typing his stuff if you have a question here I'll plot my email in because it's stuck you can email me there thank you so much for staying happy thank you everyone for coming stay safe and have a wonderful night


And that brings us up to 560. So we'll say 9,560. And that's getting close to our threshold here because you'll recall that the max was the 560, right? So going up from this level of income is going to actually bring it back. It's going to bring it back down at some point. So 9, let's go to 11,000. 11,000 brings it to 417. So 11,417. And let's go back on over and say 13,000. And that's going to be 264. So we'll go, okay, 13,264. And then let's pull this over here. We're going to say, okay, 13, 14, 15,000. It goes up to 16,4. So we're almost there, 15,000. It's going to say 111, 111. And then 16,000. We're getting close to it being phased out completely. $35 we saw before. And 35. And then if I go to 16,18,000, it's going to be down to zero. So 18,000 down to zero. So there's the wages here's the credit for no children. And if we map that out with like a chart, let's go ahead and put a graph together on that and say I'm going to insert, let's see what the recommended graph types are. This one looks pretty good. Or we could do it. Let's do this, this here. And we'll get rid of the name. And so we get something like that, right? We get a curve that would be obviously as your income, they've got the income over here. As your income is going up, then the amount of the credit that you're getting is going to go up, it caps out. And then it goes back down, it caps out at that 560 is the general idea. So what you really want to have an idea is what's going to be the shape of this curve at each of these kind of levels. And so if I go back on over and say the credit is gone, if I change it to married, then we can say let's go to married. And before I do that, by the way, let's just take a look. That curve is similar to this table. So right, so we've got this table here, which you can find on the form 1040. You can do the same thing. You can say, okay, here's my income levels. Here's zero. How, you know, where, where, where am I going to be out if I'm within these earned income levels? So you can see the earned income is going up, up, up. We want to see where it maximizes at that. So it's still going up, up, up, up, up. And then it's going to maximize somewhere here at that 560. So around 7,300 up to, so you could see here when we got to the 560, we were at 9,000. So 7,300 to it's still there at that cap at that 560 till like 9,000. And then there's the 9150. And then it goes back down again. So if we check another one of our numbers here, 15,000, 15,000 is going to be down here. So we've got 15,111, right? So 111 coming from the table. So that makes sense. So we could take that whole table and graph it out and look at this curve, although that would, you have to get the data from the table. So this is just a few, a few plot points on, on it just to get an idea. Okay, so then if we, if we then change it to married, it doesn't quite double everything like you might expect. But, but the thresholds go up a little bit. So now we're married filing joint, we're at the 18,000. And we still have no income at that level. Because it's, because now the standard deduction did double to 25,9. And so we're thinking refundable credits and we're still at the refundable credit level now, because we have a different set of tables over here. So if I was to look at the tables, now the maximum before we phases out completely is that 22,610, 22,610. So if this was to keep on going up on the W2 wages, you can go to 22,000 before it goes away entirely. But so you can see, and you can plot the same kind of graph, right? And if you were looking at this, this table, same table, this is the form 1040 instructions, zero here. But now you're looking at married filing joint and you'd be looking up the same kind of items. So next time we'll do a similar thing for, for one child, two child and three child. So really you have, you know, like a, you've got like eight graphs kind of in your, that you'd have to kind of think about in your mind, right? What zero children married or single one child, child married or single has a whole different graph, two children married or single three or more children married or single. So that's the general idea. And then the question is, well, what counts has earned income as well? So note that passive income doesn't generally count as earned income. So if I was to have, you know, income from interest or dividends or something, that's not going to typically count in terms of earned income for affecting the credit. However, I, if I have a lot of investment income, like over like 10,000, I think it is, which is kind of unusual if you were going to be calculating the earned income tax credit, then you might not get the credit because the idea would then would be, well, if you got that much dividend and interest income, you have, you must have a lot of money in the bank or in investments, which means it's kind of weird that you would be calculating the earned income credit. You shouldn't really need it, you would think in that case. So that's that general idea as well. If you had business income, then that would count as well. So if you didn't have W2 income, if we take the W2 income out and you had other business income, and this is where the scammers often come in, because with the business income, you can create a schedule C and you can say, okay, this person doesn't have any income and the scammer will say, okay, I'm just going to maximize out the income to get, and I'll just add a schedule C, right? So those people still go, okay, I got to make around 9,000 income to get the credit because I have to have some income. So let's just say that this was 20,000 minus 11,000 advertising, 11,000. And so now we've got this, and I'm just doing this quickly just to get an idea, but now we got the schedule C income. The net income is 9,000, which ultimately pulls into page one of the form 1040 of 9,000. So now you've got your income. And if I go to page two, and I was looking at, yeah, there's them there. So now you've got your earned income tax credit, right? So that's, and the reason scammers do that is because is because the W2 income, there's verification on the IRS's side if they had W2 income. So they can't really do that. So you can imagine them trying to use some other income like schedule C income, what you would think would be fairly common, because the IRS can't double check that so easy. And so you want to be careful of the scammy tax preparers, because obviously you could be audited to be trying to take advantage of the earned income tax credit by actually trying to increase people's earnings so that they can pick up this credit, which could be substantial, not so much for zero dependence. But once you get to three or more dependence, it starts to be quite substantial. As we can see, and we'll take a look at some more of those tables in future presentations.


Everybody Matt here for late in sports cards ripping one box of 2023 Panini prism baseball hobby for Joshua H Good luck Joshua Silver Willy Sturgill red wave Jake Madden Ricky says blue Jordan Walker Pulsar Harold Baines and goose gossage Babe Rod Carew and Otto Cam Collier Very Ford yeah, man, it's been going pretty Chuck Klein silver and Nolan Ryan purple Carlton Fisk Hyper that Nolan purple was numbered To 99 to 50. That is orange wave auto Kate Dowdy long gone But I've not pulled a Gold vinyl Jim Rice mojo Fabian ice and chipper Barry ever some Ferrara red wave George Brett Gilbert red Nolan Ryan Pulsar and Brooks Lee is JR Richie Otto Tori Hunter Al Newhouser red Jim tommy Griffey, well, he may he's pot of gold and Pete Rose Yeah, he was a good pickup for him. I didn't necessarily think so at the time I didn't mind because I'm not a Cubs fan of Cardinals fan. There's a Indy Rodriguez purple 99 and Vince Coleman ice Evan Carter prismatic on the back and that'll do it for your box Joshua appreciate it. We'll get these right out to you