Hello everyone and welcome at the sound of the trumpet. You know that means it is time to begin. Please put your hands together and welcome our host and presenter today from the stockswush.com. Kevin and everyone at online trader central. Welcome. My name is Melissa Armo and I own a company called the stockswush and today I'm here to talk about trading and specifically about making a thousand dollars a day day trading. I'm a day trader and we're going to talk about trading on the side of institutional money. Now the strategy that I trade daily in the market looks for and pinpoints institutional money in the market. A thousand dollars a day is a good amount of money to make. It's enough money to make that you could support yourself if you wanted to trade and day trade for a living. So I don't know why you're here if you're here for the idea of just learning more about trading or specifically about trading day trading as a career but when I decided that I wanted to trade I really had the objective that I wanted to do it for a career and if you get to the point where you're making even five hundred dollars actually a day that equates to enough that you could really support yourself but a thousand dollars a day is five grand a week and that's enough to really make a living doing this so let's just get started. If you have any questions you can email me at melissa at the stockswush.com. You can also go and follow me on Twitter, Facebook, YouTube, LinkedIn, Peninterest, and Skype and we're going to get started here. Now let's talk about institutional power. What I mean by institutional power is banks and hedge funds. So becoming a successful trader and investor requires becoming a specialist in really defining where the banks and hedge funds are buying or selling a stock. Now I happen to prefer to short stocks. I'll go over that a little bit more in the lecture but banks and hedge funds buy or sell stocks and short them. Comprehending how to redefine and train with the power of hedge funds and institutions will have a huge positive impact on your profitability as a trader. Why? Because they really move stocks. They move stocks with money and momentum and as a trader that's how you're really going to make money by getting in the stock whether it's long or short with the correct momentum. I've devised a way to read the footprints of hedge funds and banks trading in the market. So this is how it's possible to make this kind of money. It's possible to be successful consistently and that is really the key and also to become wealthy if you learn how to do it correctly by trading on the side of hedge fund money and bank money. You're really just writing the coattails of the institutional moves. You're seeing the setup. You're seeing the stock to trade. You're getting the pick and then you're taking the trade and you're flowing with the move with the power of the money not against it. This is how it will produce consistent and large winning trades for you. Many, many people want to go against this. It does not provide consistent results and again if this is something that you want to do for a living you have to have the consistent results because if you're relying on being a day trader to pay your bills you have to know you're going to be able to make XYZ amount of money each week or each month. So if you want to make a thousand dollars a day in the market the only way that will happen consistently is if you're trading on the side of institutional money which is really what moves the market in the first place. So it's about trading with power. You've got to learn what this looks like. Now many of you may be trading and some of you may not be trading but I think it's very, very important to ask yourself if you want to trade why do you want to train and if you're trading now why are you trading and not only that how much money do you actually want to make trading? Do you want to make a little bit of money or a lot? I think any amount of money that has a comma in it that you make per day and I'm just using the thousand as example it could be two thousand it could be more but any amount of money like that I consider a lot of money as a day trader to make but I do think it's important for you to know before you actually get into it what your goals are. That helps you pinpoint what type of strategy you're going to trade when you're going to get in when you're going to get out otherwise what happens is and this is what many people do and why many people are challenged in reference to trading they just get run over by stocks they change your mind what they're going to do every different day they do a different strategy they get jostled around and they basically end up nowhere and they really end up losing and losing money in their accounts and just losing period. So strategically it's important to be very focused it's like if you were starting a business you would have a strategic business plan you'd say these are my goals this is what I'm going to do to get to the goals this is how much money I'm going to spend on this that and the other thing so that I can make this much money by the end of the calendar year and you really have to look at trading as a business. So why trade at all? Well you could do it for a career I think this is the main main thing that a lot of people come to me and they say they really are tired of a job and they want to do something different for me I wanted to get out of my mortgage shop I was doing mortgages for a long time and I just was starting to make less money because the mortgage industry changed and I decided that I really needed to make a career change so I found out about day trading now at that time I didn't know what strategy to do I had absolutely no clue and then I just started doing a million different things and then I realized that there was something to gaps which is what I'm going to talk about today it's the only strategy I trade and I realized that it was something that I could be consistent in because if you're going to do this for a career you have to have the level of consistency meaning that you have to have the trade you have to have the setup almost every day now every once in a while there might be a day where you don't trade where somebody doesn't meet the criteria but that's not often if you want to do this for a career then you have to take it seriously part of the seriousness of that is number one learning what to do number two deciding each day you're going to take one trade or two trades and how much you're going to risk per trade and how much you want to make this is all part of having the plan of action so if your plan of action is to make a thousand dollars a day day trading is this enough money that you could pay your bills is this enough that if you accomplish this you could actually quit your day job and it could be your annual income so you kind of have to backtrack I don't know everybody lives in a different place in the world a lot of people here from the US some are outside of the US but I think you really kind of need to know before you get into this what what I'm what is my goal now let's say you have a small account and you don't have enough money to immediately run out and make a thousand dollars a day you can still have a plan of action a business plan saying I'm going to learn how to do this I'm going to make five hundred dollars a day and then in six months I'm going to move it up to risk more to make the thousand and so on and so forth at least you have a plan to do that so that you can get to the point where you could quit your day job and actually do this for a living and of course one of the nice things about trading is that if you make this kind of money which equates to about two hundred some thousand dollars a year you it's a good living I mean you could spend money on luxury items and other things and really I don't trade for that many hours a day I trained just the morning period I'll talk to you about this in a little bit but I'm usually done in the first 30 minutes of the day maximum maybe the first hour I like to be in and out of things quickly okay now if you have another job depending where you live in the world in the time zone I'm an Eastern time zone you could trade and have your other job in other words let's just say you love your career you could keep your career keep the job that you have right now and just make more money by trading and your regular job so obviously then you'd have more money to buy more luxury items and that's another benefit but for me one of the things was I did mortgages for so long and it worked so many hours that the benefit of trading for me was the less stress it's just so much less stressful to not have to work so many hours a day for me I really really I got just got to the point of my mortgage job where it's working seven days a week and and I really had no life with trading the markets only open money choosing was a Thursday Friday and the strategy I trade and gaps really sets up right into the open when the market opens at 9 30 so if I'm not in a trade by 10 a.m. Eastern time then I'm not even taking anything that day and most days I do trade and I do take something but it is a lot less stressful for me and a lot less hours of course I know how to train once you get to the point that you learn my system if you want to learn and you do it it will be very easy for you and and not stressful at all it's just about getting to that point but if you really want to make it happen you've got to look at the bigger picture a lot of people are very short-sighted about the market you've got to look at the bigger picture how are you going to change careers how are you going to make this much money in your trading how are you going to shift from where you are right now let's say you're a losing trader let's say you've never traded before ever you don't even know anything about the market you know nothing about stocks you've never read a chart it's about making the transition and looking at the bigger picture how am I going to get there not all these things necessarily happen in a day or a week overnight but if you look at the bigger picture you say this is worth it it's worth it to put the effort in to learn the information that Melissa has to teach and it's worth it to put the work in because in one month or three months or six months I could be at my goal or closer than I am right now today stocks really in the market have loads of power momentum and the potential for money behind them and this is one of the reasons that I love to trade it's it's a thrill it's a it's a thrill to trade and make money in five ten minutes I don't think there's really anything like it someone said last week the best thing about trading is he worked from home actually that's not even because I did mortgages and I worked from home for years I've worked from home for the last I don't know how many years I only remember the last time I actually went to the office ever so for me it's just like I've always worked from home but the best thing I find about day trading my strategy is that it's I'm done really quick and the amount of money that I can make versus the time that I'm actually in the trade that to me is the best thing about my strategy and the best thing I love about day trading except for the fact that many people the day trade trade all day long to four o'clock I don't do that and make nowhere near the kind of money that I make in the time amount that I make it so it's about the effort that I put into something and the money that I pull out of it in that time frame that makes it so exciting for me and invigorating and something that I love to do so one of the reasons that you can make a thousand dollars a day trading is because there's millions and millions of dollars that run through the market in stocks specifically stocks and you can use ETFs too in hedge funds or banks okay it's not just millions it's actually billions they move stocks they lift them when they buy them and they sell out of them or short them and then the stocks drop and I usually do a different stock every single day so it's very rare that I would even trade the same symbol two days in a row sometimes you've day traders are doing the same symbol every day well there's many days where you can't do anything in a stock even if you're trend trading it you can't really any make any money in it in the right entry and exit with the correct target the one thing I teach in my class is not only how to pick what stock to trade every day which is a different one but also the correct entry risk to reward and target which is very very important if you're day trading because you're really like chunking it out you're going in and you're just grabbing that money immediately and then you're quickly getting out this is not a type of thing where you're an investor day trading is something you're going in you're taking the trade you're grabbing the money you're getting out and you have to have a thoughtful process for doing that so I devised a method to quantify in the market where the hedge funds are running their money and banks and I teach a class in how to calculate that the class is called the golden gap course this course teaches a strategy and how to trade gaps the course teaches a 26-point rating system to find the best stock to trade each day and this is really how I'm able to find which stock to trade it is a rating method and it quantifies and pinpoints the right stock to trade whether going long or short the course also teaches you what direction to trade the stock on the day so you are following the institutional money and the course teaches you chart analysis and technical analysis on an advanced level so I'm looking for the footprints of institutions when they're stepping in and when they're pulling themselves out so I'm looking for the points I rate the stock every day pre-market you could do it at 7 a.m. 7 30 8 o'clock 8 30 the market opens at 9 30 you could wait till 9 a.m. but you have to do it before the market opens so you look for stocks that are gapping whether up or down and then you use a 26-point rating system to rate them the object of it is to try to find gaps stocks that are gapping I'll go over that in a minute that have a high probability of directional bias for the entire day meaning that you could actually trade them all day if you want to big moves on the day meaning you're I'm usually looking for a dollar move in something or more the two we're going to go over here today actually had tremendous moves last week one had over four dollar move I'm also looking for early confirmation of the bias and the move between 9 30 and 10 a.m. and then precise entries with follow-through and a good risk to reward now risk to reward means what it means for every dollar that I risk in the trade I'm looking to get a payout of $3 or more some trades you may risk a dollar make a dollar in an ideal world every trade you risk you make it you'd make $3 on a dollar risk and some trades you risk a dollar and can make $10 and those are the really really good ones now right now it is earnings season in the US stock market which means companies report their earnings in the morning and at night and stocks usually gap on the earnings they could gap up or they could gap down but there's lots and lots of stocks to trade during the earnings season period so it is a wonderful time to trade and make money the market and you really got to get you know the moves of these things into the open early before all the momentum comes in a lot of day traders are waiting till after 10 o'clock to try to get in a stock to see what the directional biases for the day and I'm usually out by then and 80% of the move the stocks that move actually happen before 10 o'clock so in other words if you're waiting till after 10 a.m. to get in it you're missing 80% of the move and then then you're not getting the risk to reward which we're going to go over here in some of the trades so now let's just talk about what I was saying about power how can you tell the footprint of power well this was the gap from Friday the symbol the ticker symbol is PWR this is a daily chart now PWR it gap so what is a gap a gap is when the stock closes at one price a night before which it closed up here on 26 something and the next day it opened at like 23 something so the stock gap down stocks can gap up or gap down so you would see this in the morning before 9 30 and use my 26 point rating system to determine if the stock is a long of the day do you want to buy it or do you want to short it now in other words the rating system that I teach tells you what to do with this gap and where the institutional money will go the institutional money could have rallied it it could have bought it higher into the prior support however I rated it and it ended up being a good gap to short and so this was a short now this you can see how to tremendous move from the high of the day up here at 23 and the low it broke it actually broke 19 and went more than four dollars this is amazing and this is a great example of the power of institutions in the market because no stock can move four dollars on the day selling off like this which was a consistent sell off that it had really the entire day you could have played this all day no stock can do that without institutional power so this was institutional selling that came into the stock on this day of the PWR this was Friday okay you would never have a stock move like that with just traders so my reigning system teaches how to find something like PWR which I narrowed down and pinpointed exactly and you just go through the checklist and this is what I do I have a device plan to do it this takes away the stress and the anxiety of waiting for the live day to try to determine what to do scanning on the live day going back and forth not knowing what strategy to trade I only trade gaps I prefer to focus on shorts although I will go long and I have everything figured out that I want to do PWR even before the market opens again this goes into the idea of alleviating the stress and being very focused so that you can consistently make a thousand dollars a day or more otherwise you're floundering and then you get nervous because it's you're excited the markets open your platforms up you want to make money and all of a sudden you're taking three trades and you're down because you weren't prepared preparation really is so key in order to be consistently profitable as a trader and by preparation I mean before the the market opens not after okay so who makes gaps which is a strategy institutions they are created with institutional money like the gap itself when the stock actually closed at 26 and PWR and gap down to 23 that an institution made the gap that's what makes gaps the professional gaps that happen and play out in stocks are formed by one thing and one thing only large institutional money because the stock gap down $3 overnight therefore you need a way that will help you pick the correct direction to play the gap you got to know if you should go long or short it because you won't make money shorting a stock of it rallies and you won't make money going long a stock if it falls like PWR you've got to rate the gap per the 26 point rating system to confirm that the large money will flow with it and by having a formula to rate and qualify the gap you get confirmation and conviction that the large institutional money is on your side and then you just play it gaps are an event and create a sense of urgency the sense of urgency is what we better get in this it's gonna move or if you're long the stock you say wow I better get out of this is stocks dropping and as you see if you were long PWR at the open you were you were the price was 23 if you were long that stock and you waited till the end of the day to get out you got crushed because it dropped and broke 19 so this system that I train as a day trade can also be used to help you with long-term positions because you could rate the gap and determine if you should take it out or get in it okay it's another way to use it if you're doing overnight for swing trades but the idea is that it's forcing an action by participants of the stock so this is why gap trade is incredibly powerful trading gaps is a powerful and profitable way to trade because you were trading on the side of power money okay does everyone understand that and you can ask me questions here as we're going along today if you can type it in the room I can see everyone's questions if you have a name now let's talk about what I named my system I named it golden gaps what is a golden gap a golden gap is a gap that moves in the direction of the gap it is called a golden gap because professional traders and investors are making and creating the gap so in the case of a bullish gap professionals are buying the stock professionals meaning hedge fund managers professional traders banks traders that on the floor that banks therefore the stock was higher in the trading day in the case of a bearish gap professionals are selling under shorting stock therefore the stock moves lower in the trading day and again you want to be with this but I do prefer bearish gaps like the PWR gaps that gap down have two things happening in them to create the gap if they rate well per the 26 point rating system they usually have the shorts and selling and that's what I love okay about shorting they have doubled the potential for the move because you've got all of that going into it so I really prefer to short but the idea of doing gaps with the reigning system is that it just directs you where the institutional money is because that's the only way that you're going to get the momentum for the move whether it's fifty cents seventy five cents a dollar two dollars or four dollars on the day it's so much easier to make money if you're going with the momentum than if you're against it a lot of people scalp and they do reversals it's it's I would never be able to risk the kind of money that I risk per trade which is anywhere between a thousand and fifteen hundred dollars depending on the quality of the gap I would never be able to do that on a one-minute chart as a day trader if I didn't have a hundred percent conviction that I had the institutions moving in my direction in other words I would never go against what the institution is doing in the stock on the live day because you can get run over and this is how you can very very easily lose and you don't get the follow-through ultimately it's really about having a set of principles just like just like anything else you would do you know that you would do for a career so what are the underlying principles why are you taking the trade what is the reason well you have to think about it what is the framework for buying or are selling something okay or even shorting something for that matter having a checklist which meets the criteria is like your own set of principles it's like your trading plan this is what I do myself I still do it after seven years of trading I do it I do it every morning I fill up my worksheet I never skip it and I never will because it is my checklist and it is a blueprint to follow the stock correctly so I know I'm doing the right thing there's no way about getting around the fact that when you trade you're taking risk the risk is the money if you don't take risk in taking a trader take the risk in the trade of the money then you won't make any money you have to take risk in order to profit in the market but it really really helps you if you have a hundred percent conviction it's going to work have the worksheet filled out know the gap rates according to the system and you have it all set up and situated before 930 so you have time to think about it get ready to go know the target know what you're looking for so ultimately having a focus is very important I know a lot of you in here may be here today because you're trying to get a focus maybe you don't have a focus maybe that's why you're here to learn what I do I think no matter what you do in the market whether you're day trading or swing trading no matter what it is you do it is so important to have a focus in other words don't do 10 different strategies if you're not even making money on one just pick one get go to that one one thing make money with that and then you can do others a lot of people aren't even make money with one thing though so don't spread yourself across the board this isn't a jack of all trades a master of none kind of thing the market it is a serious business whether you're doing a part-time or full-time because you're risking your hard-earned money when you trade you have to have a focus you've got to get good at one thing and quite frankly that's all you really need to make money and the best days I ever had I'm only take one trade I take one trade and I'm done so that's all that you need I talked about this in the live trading room but it's it's it's really about training your brain this may sound unusual to talk about in a in a trading lecture but but one of the reasons that I am so good at trading now is not just the level experience I have for seven years doing this it's the fact that I train my brain day after day after day after day to look for the same thing what is it it's the 26 point rating system so what I do is I get up in the morning and I'm reading the stock and I'm looking for the same thing and then I'm looking for it the next day and then I look for it on Wednesday and Thursday and Friday and if I get it I just do it and I if I get it I just do it and it has to meet the criteria so I am getting up and I'm just training my brain every day and for example here to look for the red circle I'm looking for the red circle and then I get up the next day and look for the same circle it's in different stocks but it's the same circle now many people don't trade like this okay but do you see here this is how you're consistent now you might trade Monday Tuesday Wednesday Thursday you might take a loss Friday Monday you're winning the rest it's about the consistency though and you're training your brain to do it every day so the losses are small and you don't have that many and you know what to look for and you also have conviction in it and it alleviates the stress now over here this trader here this person does not trade like me this is how many people actually trade they get up one day to look for a long one day they're looking for a short the next day they're watching with the markets doing the next day they're doing an et yet the next day they're doing a climactic trade the next day they're doing a buy settle every day they're doing something different they never know what they're doing even before the market even opens they don't even know what they're doing they may be doing many many different stocks going long and short the same stock the same day a million things you don't have the consistency you see here of all these days you don't even have two circles that are the same color so what do you think your monetary results will be and your trading account they will be all over the place okay so the consistency for doing the same strategy even in the same direction most of the time actually results inconsistent money in your account okay this is a very important thing that I teach all of my traders it matters okay this is also how you get good this is how you lose and fail and you never get it anything now does anyone have any questions at anything so far you really have less losses with focus the rating system which pinpoints the institutional moves helps you with the focus and it takes away the anxiety of what direction to trade okay now let's get back to PWR again if you were long this stock let's say you bought at the day before in here and you were long the stock and you thought you had a fabulous long and you were up money on the day before on the Thursday and you went to bed if you got out of bed in the morning you were actually down in your trade if you got out immediately you were still down if you waited to the end of the day you were down way more and this is what happens a lot of times to people now you could have been in it long the stock could have got down what you did let's just say you used my system and you rated the gap and actually it didn't didn't rate good as a short let's pretend it did though but I'm saying let's pretend you rated it and it did not meet my criteria to short let's say it actually said oh my goodness this is a long then you would have known that and then you would have known to go long and on the day stay in your long even if you were down in it stay in it until you got it back up to the price until it rally and gone long of the day-to-day trade so do you see how the system that I created can be used for so many different things it can tell you what to do if you're if you're in something it can tell you what to do if you're not in it to know how to take it okay very very useful way to trade and also I have people I don't do options but I have people that use my system to do options trades but you got to get the timing right in the options and you also need to know how to take the option yourself I don't teach that but the reigning system teaches the directional bias of how to trade the stock and that will help you in the two examples I just gave whether you want to shorten or go long it or as a day trader overnight now pwr did something amazing which does not happen all the time meaning every day or every week but actually pwr open and swooshed one of the things that I teach in my golden gap class is something called the stocks swoosh it is what I name my company and also is a play that I do in the market it is something that I will see quite often probably between now and the end of the year at during the earnings season because you see more swooshes in earnings season than in not earning season but stocks swooshes happen in bullish gaps and bearish gaps in the case of pwr it swooshed down so it had a bearish swash okay so here was a one minute chart of the pwr see it this is the open here at 9 30 now if you were in the training with room with me Friday if you rated the gap and knew the pwr was a good gap to short you would have shorted this stop short price was 2290 stop was 2310 I always use hard stops when I trade the risk was 30 cents the risk is a difference to the entry and the stop I always have a hard stop means if it hits the number amount this again alleviates the risk because I have a fixed loss I'm not going to lose more than a certain amount okay this helps you stay consistent too the exit on this into the first drop was 2150 it was a beautiful move it moved more than a dollar into the first drop and if you took this train and risked $1200 you made $1500 in four minutes now let's go back and look at it here was the entry you got in at 932 boom and you got out right there and you could have gone back to bed and this is what I'm talking about about institutional power because you would not have a stock that drops where you could make four or five thousand dollars in four minutes or three minutes boom like that without settling action and shorting and this is why you have to get this right but you never would have gotten this if you didn't know for this and you wouldn't have known that unless you rated the gap and now here's the gap you see this is a one-minute chart this is where the stock closed up here around 2620 ish and then it opened the next day down here around 23 something okay this was a beautiful move amazing okay now as it turns out like I said it continued all day who would have known well you would have known because it opened and swashed okay so I teach this play how to find the play and how to play the play of the stocks which am I golden gap class but it's one of the best things I figured out I've never seen it not work when it sets up and the reality is that it tells you that you can hold the stock to a larger target or redo it if you want now let's just say that's not in your trading plan let's say your trading plan is I trade every day I take one trade and I'm done that's fine that's actually what I do most of the days but you could have replayed this okay now let's look at the second trade the second trade in this was a short again at 2192 stop was 2215 risk was 23 cents again your wish should be the same or close to the same if you risked about a thousand dollars or 920 to 4,000 shares here for the second train and stayed in it stayed into the dream target you were you were in it for a longer than five minutes but still very very quickly you could have made eleven thousand six hundred eighty dollars now you would have had to risk nine hundred twenty bucks but that's still a phenomenal trade that is still a phenomenal trade that is shorting the stock and getting the drop all the way into here and you're still in it though from this entry to here you're still done and out within the first hour of the day Gerard I pronounced your name right I'm sorry if I didn't do we need any other system learn your system a level two quotes you have to have a live trading platform to trade you a stock equities where you can take a position long or short it and that includes having a level two because you can't take the live position without a level two the level two is where you're taking the live position now the charts you have to have so that you can rate the gap because I'm reading the gap with the charts I use two charting packages actually all of a sudden now I actually know I actually have three but you need you need at least one I have two I use one is my live platform and one I use just as a secondary to check the price and I actually just sign up for a third to double check my price but either way you've got to have at least one charting packages software you must have a level two you need the quotes for the US market in the Nasdaq and the New York exchange okay and you have to be on the shore now this was phenomenal okay I don't always do the second trade but in the case of this you actually could have done two trades and and this is the kind of thing that you get in earning season you will get stocks if you're trading with me between now and the end of the year that move like this and and the thing is the benefit of learning my system is that you would know that this that did it sucks whoosh you wouldn't know before the open that it's whooshed you would know that the gap was good you would know to short it instead of going long it and then when you took the trade and took the trade and saw that it's whoosh then you know that you could do it a second time you know would go to a bigger number but I figure out the targets even way before I even trade and I put them in the live trading room in the morning but I teach in the class actually how to figure out the targets so that you can do them yourself now if you took the first trade it made 5200 and took the second trade and made eleven thousand six hundred eighty dollars your total risk in both trades was one thousand seven hundred seventy dollars that is substantial that is an advanced advanced risk let's say you don't want to risk that much you could risk half of that you still would have had a phenomenal day whether you did one trade or two trades or both trades it wouldn't even matter the total risk to reward though if you did both was nine point five that's amazing and so if you risk one thousand seven hundred seventy dollars a PWR and did two trades on Friday you made almost seventeen thousand dollars that is your goal for the month okay basically and this is why getting back to what I'm saying that it has to do with the focus if you are not focused you will never know to have done this or looked at it or known the entries are where to get in or where to get out or even how to size yourself to take the size even make the kind of money okay and how can you risk a thousand dollars if you don't know what you're doing you can't or you shouldn't you've got to get to the point where you learn it and you know what you're doing so many people are so consumed with making money that they put the cart before the horse sort of thing with trading because a lot of times people have taken classes or traded themselves and they're down money from the market and then they're so so consumed with making it back and making it back and making it back and trying to make it back you you can never go and say I'm making it back you can only move forward you move forward and saying today is a brand-new day I'm learning how to trade gaps I'm gonna do everything it takes to get good at this and if I get good at this thing I can make these trades with Melissa and make eleven thousand dollars or sixteen thousand dollars and who cares what you did before that you cannot reverse and go back in time we can't go back in time machines trust me if we could I would have gone back I would go back in a time machine let's see where would I go I would go back to probably the first month that I ever began day trading because I lost most of the money that I lost trading in the first three months literally I would go back so far to the beginning but it was too late and I can't go back and it doesn't even matter anymore you can't go back you can only move forward yours only one direction well I shouldn't even say that you could stay stagnant this is where a lot of people are as well a lot of people are stuck stuck with their trading they don't want to spend money on a class like mine they don't want to take the time out of their life to learn something to get good they're stuck and you won't be able to move forward and actually become profitable if you're stuck so there's really only one direction that you really can go to become successful and that's move forward but you could you could have you could stay stuck a lot of people I talked to are stuck they're stuck mentally emotionally financially they're just stuck but you can't go back so you could stay stuck or you can move forward but the only way you're gonna be successful is if you move forward okay so anyways getting back to the piggy here I loved a short it's it's I loved a short because of that kind of momentum that comes in so quick and I really like to be in trades and out quickly and shorts happen to move just very very quickly they move faster than longs because it just so for some reason selling action happens so fast because of the panic and nobody's panicking when a stock's rallying it's like people want to buy it you get you can make money going long but you don't have the panic and the panic brings in the quick moves which I love so again talking about the institutional money who made PWR fall Friday regular traders no there's no way no way that regular traders made that stock gap down $3 and fall $4 on the day plus it's it was impossible the move from the high from the previous day of the close to the low of the day of the following day within 24 hours was more than $7 that would not happen with regular traders its institutions it is hedge funds and banks in the market and this is why it is extremely important to read the correct direction of bias for a gap or a stock or anything you're playing to know if an institution is going to grab hold of it and pull it down or push it up and go long it because the opposite thing could have happened here now that's not what happened but it could have okay now let's talk about another really good one here this is grmn this was from Thursday again I usually trade or look at a different stock every day stocks gap in the morning and at night so you could be rating stuff actually right now you could rate something right now at 509 there's stocks that are gapping I usually like to wait to the morning but grmn was a gap this happened on the 15th the stock gap down it closed the night before here and then a gap down and you rated the gap to determine if it's a shorter or long as it turns out it was a short there's another one that had a beautiful beautiful move here in the day now let's look at grmn stock closed the night before here around 36 something gap down gap down to 33 something open dropped rally dropped rally here's the short so again you would have to know to short this okay to get the move so you could have shorted this here and been out or you could have shorted this here and been in for the longer move again it depends where you are in the world or how long you want to trade now the first short in this was 33.65 was a 20 cent risk with 5,000 shares with a thousand dollar risk again your risk should be the same or the similar exit was into the first drop okay into the first drop here actually this is supposed to be 33.10 that's a that's a numbered error there it's 33.10 was the first drop total profit I made in this trade was 28.70 109 in 10 minutes and here I clipped my p&l here now let's go back here was the entry and here's the first drop so again the exit was 32 something so you're getting in it here and you're getting out of it into here okay you're done now it has to do with the amount of time that you want to spend in something so let's just say like you took it you could have gotten out of half but if you let it rally back and it's done and this is all it goes on the day then you get back the profit so usually I have goals okay this is part of the trading plan you have to have goals like how much money are you wanting to make you know you have to know if you're risking a thousand and you're up almost three risk units that's that's too much money to let go against you okay so I took it all out but this is again where you're using the money management now you could have retaken this here I didn't feel there was any reason to do that I had my goal in for the day but this stock to continue lower as well now we talked about the fact that in earnings season stocks at big big moves you want to see here the high of the day here this stock was almost 34 the low of the day ended up being like 31 something this stock had a $3 move on the day now if you wait in until after 10 o'clock to short the stock you're getting in it around here you see this you're missing again 80% of the move meanwhile I took it up here now you could have taken it here and stayed in all the way down again the best thing to do if your goal is and know you really have to lower the stop if you're not gonna get all out of it which I did but you because you really have to money manage yourself in these things but the entry for this one the original entry then if you took it and wanted to hold it all the way down you could have held this stock then for more than $2 price of the entry was the original entry at 3365 the only difference is you're holding it exit was all the way down and actually broke 31 50 so if you wanted to stay in this trade until the full morning move and actually was four hours it was till early afternoon you could have kept lowering the stop lowering the stop lowering the stop you could have taken the exact same trade that I did and made over $10,000 now you what you would have had to hold it so this is trading past the morning so here's the original entry this is just you're not getting out you would have kept learning the stop learning the stop learning the stop but the risk is the same it's a thousand bucks now I do teach exit signs in the class but you know at a certain point you have to get out and again as I was saying you have to keep lowering it and lowering it and lowering it but this ended up going huge this ended up being a huge huge huge play now you could have done it one trade in the morning let it rally back got in taken a second train you could have risked $2,000 and you could have made almost seven hours and you could have made 13 grand on this again you could take it get out take it again get back in and get out there's so many different ways to play these personally I like to do one trade and all out but I will tell you again that if the quality of the gap is there with the rating system you can hold these stocks to longer bigger targets but I think you need to be money managing them as far as your goals in the day for what your monetary goals is again you got to know what that is does anyone have any questions for me so far about PWR or GRMM let me know this is again a one-minute chart I just squished it together so you can see the bigger bigger picture here so ultimately it's for me it's the idea that the time of the day that I'm spending to work okay trading gaps versus another strategy it's just for me it's it's one of these things where I love the idea that I can make $1,000, $2,000, $3,000, $4,000, $5,000 so quickly in the market in a strategy in a quick time period and I think you have to look and equate the amount of work that you're doing at your regular job now or another trading strategy you're doing now okay versus gaps the momentum that happens in the gaps is because of the institutions you've got to get the right pick this is where the focus comes with the rating system you've got to get the entry right and you've got to have the risk to reward and take the size to get the move and add it up right you have to know that if you take the entry to certain point it's a 20 cent stop or a 30 cent stop you have to put the stop in but this is where it has to do with the quality of your time is what is your time worth it's not worth it to trade all day till 4 o'clock and many many people end up trading and doing multiple multiple trades and then they end up losing they make money in the morning and give it back or the trading back and forth all day and their commissions are just adding up and adding up and adding up and it's it's insane I used to do that when I first started I don't do that anymore and I haven't done that for a long time you really got to determine what your focus is so that you can be profitable so how much money can you make trading gaps unlimited unlimited I'm just using some of these examples to say a thousand dollars a day but obviously you know I made almost three grand of that one trade you you get the better do you get the more that you will make the more that you can risk it is about correctly reading the side of money and charts you've got to read price you've got to read the institutions are trading you've got to have charts and learn the technical analysis skills for me to learn those charts to be able to see what the stock is going to do again I teach this in my gap class but I'm really reading the side of the institutional power this is how you take yourself from being at one point and where the graph is going up where you're trading account and is making improvements you're making more money over time not less many people start at the beginning of the year and instead of making money by the end of the year they're down that is not something that you want to do you want to be making progress with your trading account you want to be making profitable trades you want your account to be growing you don't want it to be to be faltering okay so I do have a system that I alone created the only one that's doing it or teaching it it's my system it is a golden gap system that is a 26-point professional bearish gap reading system the purpose of the system is to help you evaluate which gap to trade each morning using a checklist so how are you going to get to the point where you make a thousand dollars a day you have to have a focus and a system to follow you've got to learn how to trade in the side of institutional money learn how to repower money in the chart learn how to read the trend very very important as well to know if you're with it on the day as a day trader against it so you know where the targets are what's the market doing you've got to learn how to reprice price action is what I'm seeing when I'm reading the candlesticks and also in the level to and that's how I'm determining the entries and learn a system and a method that teaches you all of the above and more and one of the main things that I was talking about earlier is not just the specifics of the technical analysis but also the fact that you've got to train your brain right that is a very important piece that will help you get good at this many people say well I'm an intuitive trader it's because of the fact that I've trained my brain to just intuitively do it I mean I could probably trade in my sleep and rate gaps and pick things because I have trained my brain so well just to do things intuitively but I still get up every day I still fill out my worksheet I still do the work and figure it out to have the focus because the money that I'm risking and I'm running the live trading room but you get to a point where you're doing something over and over and over and over and over again for 1,000 hours or 10,000 hours or 100,000 hours it just naturally flows and then you're not in that anxiety mode anymore when you're risking money so again like I was saying earlier PWR did swush and I teach this in my Golden Gap classes call the stocks swush it's a very important thing that you can learn to do to make money that works in both directions long or short so the right information to focus on really in charts is the price what is the price doing is it telling you the stock is being bought by institutions are sold out and ultimately that's how you make money as a trader you've got to get in at the right place and not only that you have to get out of the right place and this is how you're making money quickly to and gaps show you price on an advanced level which allows a trader to predict the move the stock will make before it does trading gaps is a quality strategy because gaps are created by institutional money and knowing this helps gives you conviction to trade and take the risk you need to make the profits trading gaps is a powerful strategy and this is really how professionals trade they know what they're doing before the market opens they know if they're going long or short they have a method they have a system they know how much money they're risking they know how much money they're gonna allow themselves to lose if the trade doesn't work they know where they're gonna get out if it fails they know how many trades they're gonna take on a day they know their goal if they're up okay you have to act like this is something you're serious about like a real job which it is for me and and I'm teaching people how to do that even if they're doing it part-time and the hours are part-time but the money that you make is not if you do it well so you can use the sophisticated level of price information to enter trades and take sizable positions taking sizable positions will help you attain the income level you dream of so reading gaps is a skill that you can learn and you really got to get good at it so the 26-point checklist makes you focus on the right information it's a skill that I teach in the class and if you'd like to learn it the class is called the golden gap course I teach the strategy the 26-point rating system what's stock to trade each day and I teach advanced technical analysis it teaches you how to take the trades how to enter them how to make money in the US stock market how to pick which symbol to do every day how to determine the targets to support the resistance and again this is a new career if it's something you really want to do that you can do and learn from home now there are other places out there that teach gaps most of them don't teach gaps correctly I only do this one thing that's it and I'm an expert in gap training and as far as I'm concerned this is the most consistent strategy that exists not just in reference to gaps but in reference to day training a lot of people find day training challenging to me it is very easy I see it I do it if I don't see it I don't do it if it doesn't work I take the stop I'm done I'm looking for one thing every day so if you want to take the class the class is this week in October 24th and 25th I teach the multiple entries six different entries in the class the place how to trade the open again I'm taking the trades into 930 I teach you how to book the money looking for the risk to reward the exit signs and most importantly I teach you how to get conviction in the market which a lot of people sometimes have lost if they've been taking different classes and doing different things you've got to regain that before you really go back into trading expecting yourself to be profitable you've got to educate yourself if you want to do this because it's serious it's not something where you can just shadow somebody else's traits I don't allow people to join the live trading room unless they've taken the class that is a decision that benefits traders to actually learn and get good now you can do a trial if you want to email me for a week if you want to trial the room this week prior to the class but everyone that's in the live trading room has taken my golden gap class so they know what they're doing so they know what they're doing when I'm calling the trades live to take them with me the only way you'll get good or make money is if you actually learn it it's a it's a pipe drain for people that think you're just gonna copy cat people actually learning that you'll never make any real money in the market consistently unless you learn what to do which is part of the investment of your time and your energy and your money to take the class and as I was saying earlier it's really about living in the now don't look back and question yourself about things that you've done losses you've had or our classes you've done that you didn't make any money or or or anything you've done you say why am I at this point in my life and I'm not making enough money in my regular career and I want to do something else it did just let it let it go I say have amnesia okay you've just got to move forward decide this is something you want to do you will never get to the point where you're making 200 grand a year training unless you get on the right track so you can do it today you can do it tomorrow you can do it next week you can wait you can stay static but looking back at the past isn't gonna get you where you need to be many traders live in the past and they're trying to make up for the past losses the market could care less about anything that happened that you lost money in in the past and trades are in classes the market moves forward every day tomorrow morning the market will open at 9 30 and move and do its thing like it does every day and it will move forward and it will do whatever it's going to do and it will do it the next day and the next day and the next day and you kind of have to be in sync with that you really have to be in sync with that like you're in sync with the market so you can move forward and do it and actually take the money out of the market every day and if you want to do it for career it's a great job because you work from home all you need is a computer and a brokerage account and the internet connection whether it's a laptop or a hard drive computer where you're have a desktop and you can start out by having a small goal you can start out by having a big goal I don't know what size of account what money you have to risk but if you really want to do this for a career it can be something that you set a trading plan up for yourself to do it for a career you've got to look and say where do I want to be in a year from now where do I want to be in five years from now where do I want to be ten years from now is that too far off to consider the fact is no actually I can't even believe it but time flies so much it is almost the holidays and and time just keeps ticking on if you've been thinking about learning how to trade for six months or a year you know you've already lost that time because it's almost 2016 and every moment you live you have the choice to do something to change your future or you have the choice to do nothing it's really up to you if you're happy with your career if you want to make more money the market or if you're doing a trading strategy now that you're losing or you don't like then maybe you want to consider learning something else but you have to make the choice and decide and have a plan of action because time keeps moving on and it really it's almost 2016 which is crazy now another thing to think about too is your retirement plan many people now are in jobs where they're not getting the same 401k matches they're not getting the same benefits trading if you want to keep your regular job but something you could do on the side to maybe save for retirement to have a savings you don't have to quit your full-time job even if you're making 200 grand a year trading you could save the money to use it for your retirement as well I think the traders in the long run really tend to be short-sighted particularly day traders they want everything now now now and we do live in a me-me-me society I mean I get it I get it okay I get it because I was there when I started trading as well I wanted to quit my mortgage job immediately but I realized then that trading was more challenging that I thought it was gonna take me time to learn it and I had to go through the process this is a process you maybe have already started the process prior to meeting that with me but I can help shorten that and shorten that learning curve for you by trading with me and teaching you in the class you don't want to be short-sighted though thinking about always the money money money you have to think about learning it it's like if you build it they will come you learn it then the money will come one day you're making $500 the next day you're making 2000 and this is how it is and you just got to get good so if you really want to be wealthy what you need is a plan of action unless you're born into money or win the lottery no one really becomes wealthy overnight and some people are lucky to actually have been born into money but if this is one of your goals you have to have a plan of action if you really want to make $200,000 a year you can get to the point where maybe one time in five years you're making a million dollars a year you've got to say well how am I gonna get to do that how much do I have to make how much do I have to risk what do I need to do well I say trade in a demo account for a month one week maybe four start then train a live account risking a beginner risk then move to intermediate hundred hundred fifty bucks and then you can step it up to advance where you're risking $500 or more and then you get to your goals the fact is it is possible to make a thousand dollars a day this isn't something crazy the stocks that I trade have momentum they moved I showed you some of the examples just from the last three days and and trading is a nice lifestyle because the amount of time that you're trading is really not that much time of the day and like I said the gap strategy I train teaches you how to get an edge in the market all you need is just one trade in there to do it and get it and remember it's really because of the institutions that you're making the money so my class again is called the Golden Gap course is a complete system to use to trade is a full today course and how to strategically find pick-and-play stocks at our professional bearish gaps retakes are free the class is online so you can be anywhere in the world and take it the classes this week in October 24th and 25th from 9 a.m. to 5 p.m. Eastern time it is a full-on weekend 16 hours if you want to sign up you have to email me for the sign-up information at Melissa at the stocks which calm the class is 3999 US dollars I allow free retakes so if you take the class this weekend and want to retake it again in two months three months whatever you can do it then and you don't have to pay for it you only sign up and pay for it the one time now I'm running a special all new students of the Golden Gap course I have to lie in here the way of July in October receive the wealth manifestation class free which I'm going to be doing in November now this is a class actually which teaches you about your mind and money and some of the things we did talk about today but more in-depth it's a three-hour course I also teach another class called the trends course I'm offering this November 17th and 18th this is during the week 12 to 4 costs this class is 999 this is how to read long-term trends this is not for a gap trading as a day trade this is for longer-term trends for swing trades we're just looking at the longer-term trend but I'm offering a special if you do both if you want to sign up and pay for both at once you can do both and save on both and you'll save almost $900 so you get the wealth class the trends class in the Golden Gap class offer 4499 and save almost a thousand bucks you want to sign up for this you can email me at Melissa at the stocks which calm and the deadline to sign up this Friday the 23rd and again if you want to travel to the trading room for this week Tuesday through Friday you can email me Kathy can put my information in again it's Melissa at the stocks which calm you've really got it empower yourself with the right information to trade you will never consistently make money if you don't have a focus if you don't know what to look for if you don't the right knowledge if you don't know how to take the position get in and get out know the time of the day know the stock to look for know the direction and one of the key ingredients is pinpointing what institutions are going to do in that specific stock to find the right one whether to buy it or sell it because that's how you get the momentum and that's you get those kind of nice smooth moves and things like I showed you in the trade examples does anyone have any questions at all you have another minute here or so if not thank you so much for coming here's my email if anyone would like to email me if you want to sign up for the class or the special this week email me at Melissa at the stocks which calm again the class is October 24th and 25th does anyone have any more questions great thank you so much everyone thanks online Trader Central