Testing, testing, let me know if everybody can hear me. Hello, it's Melissa. Let me know if you can hear me. I have a little bit of a cold here, feeling slightly under the weather, but surviving. Not my normal loud, boisterous self today. A little bit of a too much over-the-counter cold medication, but if I sound stuffy, I apologize. Welcome. Well, thanks so much for having me here today. Thank you, Eric, for hosting this webinar. Everyone should see a slide here that's white and red, and I see everyone's questions. If you ask a question during the webinar, as we're going through, I will say it out loud, and then I will answer it out loud too. And just going to be very relaxed today and talk about the method that I day train. So today, I'm going to talk about trading on the side of institutional money and gaps. And for those of you that don't know me, my name is Melissa Armo, and I day trade the U.S. stock market. So specifically, we're going to talk about gaps in the U.S. market. Now, a lot of people ask me, well, can you use this for other markets or other types of trading methodologies? You can use my method for anything where something's gapping. So the reason that I like to trade stocks or ETFs, but I mostly trade stocks, is because the U.S. market has a close of four o'clock Eastern time and an open at 9.30. Like right now, the market's closed. And there are stocks that are gapping tonight. And so this is what I do. So we're going to talk about that today and why trading gaps actually can be very profitable as a day trading method. If you're interested in more information, you can feel free to call me here, email me after the webinar. So let's get started. Open up your mind. Open up your mind today to learn something that maybe you never heard of before or don't know, even if you can pick up just a piece of information. I know a lot of people give a lot of webinars. And before I figured out my own method, I did go to a lot of webinars myself at a lot of different places. And I always found one piece or nugget of information that I could use to help me with my trading or maybe even pull together something that I was working on for myself with my own method. Or maybe you don't have a method in your trading right now and you really need something and you might be interested in doing what I do, in which case you can reach out to me at the end. But really, if you're not making money, okay, that's the reason that you trade.  But the only reason really to do it is to make money. And I find that I talk to a lot of people that are trading and they're losing, but they don't change what they're doing. I mean, it's common sense if you continue doing the same actions, you can only expect the same results. So if you're not getting the results that you want trading, if you're not making money, then something's wrong. Whether it's your mental attitude, whether it's the system that you're using, whether it's the time of the day that you're trading, we'll talk more about this today. I only trade usually between 930 and 10 when I'm entering my trades. I trade in that morning period. If a stock doesn't set up by 10 am Eastern time, then I'm not taking it. Okay. So there could be a lot of things that you could look at if you're not profitable. But if you want to be more successful in the market, or really in life, okay, which I find trading really can help you, then you've got a learning training system that will bring about the financial results that you're looking for. And what I say about life is that when you go down this road as to become a trader, to become a successful trader, you end up learning a lot about yourself. I know a lot of places out there have these big trading communities. My trading room that I run every day is closed off. So you can't see comments from other people. And the reason I do that is to focus myself, because I'm running the room myself, but I don't want a lot of distractions or chitter chatter in the room. But really, when you look at it, trading is an individual activity. It's something that you're doing yourself. You're pressing the buttons.  You're responsible for your own choices. When you make money or when you lose money, no one really cares but you. And that's the truth. So as you go through this process to become a trader, if you really go down the road and you're serious about it, which I was, it's an individual process. It's something that you're doing on your own. And you learn a lot about yourself. I learned a lot about myself in the three years that I created my system that I'm going to talk about a little bit tonight and what I teach in my class and what I do every day and what I now teach other people. I learned, I learned really, I'd say the most important thing that I learned about myself before I get into this is that I feel like if I persevere through challenges in life that I can overcome them no matter what comes my way. Because when I started trading, I lost a lot of money. And I lost a lot of money until I figured this out. And I never knew if I really would make it and I persevered. And of course I did. So, and I never thought I'd be teaching people, never in my life when I decided I wanted to trade. So, what I really learned about myself was that when hard times come, if you push through it, everything will be okay if you keep the faith and if you persevere. I think a lot of people give up. I think a lot of people give up and yet they keep trading. And that's the whole point here I'm trying to make before we get started. The mental attitude is important. So take an honest look at yourself and if you're not making money then you got to change what you're doing. So, let's talk about practical matters here about trading, okay? In order to be consistent with whatever method you're doing, you need a proper focus. So, I only do one thing every day. And even mostly in one direction, which I go to the short side and someone wrote that in there earlier, I really do mostly short into the open, more than even go long. Although I'm not opposed to going long, but I do prefer to short. So, if you've been dreaming of being successful for the market for years, but the success has eluded you, you got to stop and consider why. It's time to think about going to a new level and understanding and having a better comprehension and overall wider perspective of what makes individual success possible for a trader or investor in the stock market. And for me, I'm a trader. Okay, I'm not investor. I'm not holding these stocks that I'm trading for years and years. And at the towards the end here, we'll talk about buying power a little bit about how to take the positions. But making money as a trader, it's not impossible. It's not. Okay, even though people think it is, it's not. But it's challenging for many people because they don't have a good system and they don't have a focus. And what happens is, if you start to trade and you're losing money doing something, then you think that it's not going to work as far as pulling money out of the market and then you lose focus and jump to another thing and another thing and another thing and another thing. And as a result, you're, you've tried, you know, 10 different types of systems, none of them work. And then you don't have a focus at all. You don't understand the importance of a focus. So for me, I have a good system. I have an average of about an 80% win ratio right now. I've been tracking it all year. I have a video of this on YouTube online. I have to update the last week. But I will tell you that when I have a losing day, when I have a day when a trade doesn't work, I don't feel like quitting or switching systems or making up a new system because I have conviction. What I do have been doing it a long time. Now, you know, obviously if you haven't been training for a long time, you'll say, well, how can I have conviction? If something doesn't work, you have to give it an ample period of time. Now, what is that? It's not forever. I'll tell you that. But it doesn't mean you go into trading a system and quit after a week or after a month. A, you got to learn it. B, it's good to have a mentor. If you don't, it's very hard to learn a system. A lot of people have these trading DVDs and books and things out there. When you don't have a mentor or someone to go to or trading room, or someone's given the calls like me, it makes it very difficult to know if you're even looking at the system or doing it right or learning it correctly. But you also have to give it a chance. Okay. That doesn't mean forever. And I don't even think it means a year, but you got to give something a good couple of months period. I'd say three to six months while you're doing something and learning it right and following someone to get it right, to get it down. And then you can move forward and be consistent. So now what is the practical, again, reason for why I trade gaps? Because I'm looking at what institutions are doing when they're moving stocks. Now, what I mean by institutions, I mean banks, large traders, hedge funds, okay, they move stocks. And what they do is they create gaps. So they're really like the footprints of money in the market.  Excuse me. Yeah, this was yesterday. This was IBM. So IBM gap down. Now, for example, who was in charge of this here? The stock closed the night before, I made this really small, so you could see all the candlesticks. But the stock closed the night before here, around 170 something at four o'clock. Then in the morning, it gap down and open $8 plus underwear closed, okay. So this is what it did. So this is what I look at. And I look at it in the morning, okay. So this was a gap down. So the gap down itself was bearish because it lost value. Now, what you have to figure out is how are you going to play it on the day, as a day trader, or maybe as an option or swing trade? Are you going to short it? Or are you going to go long it? We all know that the gap is gapping down. Oh, Aleve says I does good calls on my trades. So thank you, Elaine. I think you've been in the room for a few trials. Now, here's Google. Google is bullish, gapped up.  So this gapped up here four days ago has followed through higher ever since. So in here, you have the institutions buying Google, and here you have them selling the IBM. Because you did have follow through here on the day, I did this as a day trade as a short, this moved down on the day, and this moved up on the day, and this moved up on the day two, and you also could have done this as a couple of day move as an option. So it's commitment. It's the commitment of the power of money that's coming into the stocks. And I play stocks with volume. I mean, I play stocks that move. They've got to have several hundred thousand shares on a day. I'm not doing what they call low float stocks or penny stocks or cheapy, cheapy stocks. Okay, I'm doing things that move anywhere from, you know, $5 to, you know, 65 is a mid range for me, but I will trade stuff that's $100 price point or even something like Costco because I'm used to playing them. They're easy to trade, even though they're a little bit more expensive, but they have volume and they're being traded by institutions and they're usually companies that everybody knows. Okay. And when these companies, when these banks, when these hedge funds go and decide to buy a stock, for example, like Google or Costco or Amazon or whatever, okay, they have reasons for doing it. And their reasons are not my reasons. Okay. They do all the research and it's not something that's done in a moment's time. Now an earnings report may happen. There may be a call like at five o'clock Eastern time, you know, one night, like Netflix came out on Monday night. It had earnings gapped up and then fell on the day. But the reasons that funds would buy or sell Netflix have nothing to do with the reasons that we do stocks. I do not look at fundamentals. Even if we did look at fundamentals, there would be nowhere near the reasons that these other large funds or banks would decide to take positions in stocks. They know things that we don't know and will never know. Okay. And they buy and sell research reports from each other and also companies that analyze this stuff that do this for a living. That's what they do. Okay. Stock analysts and they decide to buy or sell positions in these different companies. So all I'm looking for is to see what they're doing with it. And then when I see the gap, I predicting where it's going to, where they're going to take it. Okay. As a day tree. So how do you make money doing this? If you can predict it before the move happens, you predict it before the move happens and you take the trade in the open and that's it. Okay. Now it doesn't mean that every trade is going to work. Some trades don't work. We're going to look at a chart of target in here. And a little bit target worked as a longer term trade, but not as a day trade. But like I said, for the most part, you know, over 80% of my trades do work out. But this is really in my opinion, one of the only ways that you can make money as a day trader because you've got to get stuff that moves. And institutional money is really in charge of stocks and it's in charge of the market. And it's one of the reasons why the market's higher. I've been predicting the market higher to make new highs for the last four years or more ever since I started the business. And many people didn't believe me because I thought the market was extended. Even in 2016, people were very convinced that the market was extended and was going to pull back. The market is higher. In fact, I think it's creating a whole new level that will last for a very long time. I'm not going to get into that now, but bottom line is that institutions have been buying the market up. They made a massive aggressive move ever since the election in November 2016 in the U.S. And there really seems to be no looking back right now. So if you're in long-term investments, you're really getting paid. If you've got 401Ks, you're making money doing nothing lately, you know, looking at them. So it's an optimistic and positive time for the U.S. stock market. But that doesn't mean that some stocks aren't going to take a little tumbling, like IBM would happen this other day. So what I do is look to see, just as a day trade, what this thing is going to do. Now this was a bad, bad gap for the stock. So this stock could even continue as a swing trade, this IBM. But what I do is I look at it and I see what are institutions doing in this thing here. Are they going to continue to sell it off? Because we already have to sell it off in the gap. Like I said, it lost eight bucks or plus. But you've got to get continuation on the day. If you don't, you can't short it. Okay, so we already have the gap down, but it's got to keep going. Otherwise I can't short it and make money. If it flips and rallies, I can't make money shorting it, even though it lost eight bucks overnight. Okay, and Terry has a comment. Anticipation of the quarter report the next day. Yes, that's what you have. That's many, many times. That's why stocks are gapping from quarterly earnings reports. And right now we're in second quarter reports. Now, here's another example. This is a one minute chart. This was last week. This was peer stock close to your gap down. Now, again, I'm a day trader. So on a one minute chart, you can see here the sell off the stock had on the day. So this gap rated good per my system to be a good short. The high in here was close to seven bucks. And this ran down in the first few minutes here, like 60 cents. This is all you need to make money. You could short this in here and take it out. You can short this in here and you can take it out. So whatever you do with this in here, it has to be a short. You won't make money going long peer. And this was a big move for the stock. So institutions sold it. They sold it into the open and they sold it in the gap. Now this looks different than IBM because here's the day before this is four o'clock. Excuse me when the stock closed. So it closed up here at 724. This isn't a big gap down like the IBM. So again, how do you know? How do you know it's going to keep going down? I've developed a system to determine yes or no for this or long or short. But anyways, see this looks very different than the IBM for the gap, but it still sold off and it still had a big move. And it still did it in the first half hour of the day down here is the time. So this is between 930 and 10. So if you want to become an expert, you have to have focus on something. So this is what I've decided to focus on doing. And really how it all came about is that I made a lot of money one day in a gap years and years ago. Now I didn't know what I was doing at the time, but I did make like five grand. And I didn't even risk that much that day that I made that money. And I made a lot of money in a gap. And it was to the short side. And then I realized that there was something to gaps because they have a lot of momentum and I don't like to be in trades all day. So you can trade all day if you want to, but I don't. I don't trade all day. I usually do one trade and I'm done maybe two at the most. And I'm usually done within the first hour. So there are times when stocks reset up again, but I usually don't do late trades every once in a while. I do, but I've really become very consistent in trading into the open. It's a skill set that I've developed over the last eight years. And if you want to come and trade with me, you can learn how to do it. Most of the moves of that stocks make on the daily chart happen within the first 30 minutes, 60 minutes of the day, I'd say 80% of the move a stock makes. And this is whether it's to the upside of the downside. It doesn't matter if it's a long or short. And stocks that gap happen, the most of the move happened in the first half of the hour of the day. So if you go back and look at 20, 30 charts of stocks that are gapping, a lot of them will set the low of the day by 10 o'clock if their shorts or set the high of the day by 10 o'clock in longs. Now it's rare that they would keep going. But even if they do, it's not some massive move that happens after it could continue a little bit, but not worth playing all day. So if you've got your money in for the day, and your goal for the day is 500 bucks or 400 bucks or $1,000 or whatever your goal is, if you're in your goal and you can get in and get out, then you take your money and run. Because no matter what, no matter how good you are at trading, and I'm very experienced, until you're out, it's never over to the fat lady sinks. So I could be of money in the trade. And if I don't get out of it when I'm up, I'm always at risk. I mean, I'm always at risk. So you have to learn also how to book profits. So why are you here? You might be here because you're trying to learn something new about a different method. But it's also really having the focus. So even if you don't take anything away, what I'm saying about gaps or have any interest in it, no matter what strategy you do, I think in order to make money consistently, you have to focus on one thing. Because one strategy and even one trade is all you need to make money. Okay, now let's talk about what is a gap. Excuse me. For those of you that don't know what a gap is, this is a very basic, but I'm going to review it. A stock gaps when the opening price today is different than the closing price of yesterday's trading. A gap is a break in price action from one day to the next. Here, IBM. A gap is a break. So when it closes here four o'clock, boom, it opens down here at a different price at 930. That's it. That's a gap. There's no percentage. I don't look at that at all. This could, you know, people always say, is it 25% or 30? No, I just, I'm seeing the gap. Okay, then I have a method to determine if it's a long or short, but it could be anything because I showed you the peer and only gap down 25 cents. So that's all it is. From the close to the open, it's a different price. It's a break. And the reason they have huge opportunity to make money as one individual is because they move and have momentum, because power and money moves them. So what I do is I find the gaps and you could find them in any scanner, okay, in the post and pre market. You can rate them at night if you want. I have a checklist. I rate them. I don't play anything unless I've qualified it. The checklist tells me what to look for in this price if it's a long or short. And gaps happen every day. That's one nice thing too.  Now, whether they're good or not, you don't know, you don't know till you get up in the morning or you look at night, but you do have them every day. And what you're looking for is the power of money. Now, Google is a great example. Google had a gap down here. Okay, this was back in the beginning of the year. So the stock gap down closed here, opened here, and you could have shorted it for the day. But long term, the power of money was up. This didn't even last barely a week. I mean, barely. In fact, a gap up here, gap over the gap down. And the stock has taken off. It's taken off ever since. And then it made a new high. So who's in charge of this? It's the bulls. Excuse me. Like I said, for the day, you could have done a day trade short. But in the longer term picture, this is in charge of who? Who is the power of money in this? It's the bulls. And this is a gap down that happened here that didn't even work.  So the stock closed here and a gap down and it got bought and it flipped. And actually here was a gap down here. Again, within a week, it's a goner. Gaps down, boop, boop, flips. This stock keeps getting bought every time. And even this guy here, we're not over this bar yet. This will trade over it. This could happen in a matter of days. It could happen tomorrow. It could happen next week. So the checklist tells you where the big money is going to go, because that's how you get it right. Just like anything else.  I'm looking for a dollar moving something or 50 cents or more than a dollar, depending on the price point. Something like Google would be more than a buck. But you can't make money if you're in the wrong direction. It's just and it's scary if you're in the wrong direction actually. You have to be in the right direction. Something's rallying. You have to be long. Something's falling. You have to be short. So let's here take a look here at the IBM play. Again, this was a day trade. So this is a one minute chart. The stock closed here and gap down. Boom. Rallyed. You can short it. Dropped. Rallyed. All in here, the stock is trying to go higher and it can't do it. And it looks like it might, but it's not. And I'm short the stock. So if you're looking at this to play it on an intraday at the one minute thinking this is doing a series of higher highs and lower lows and you're playing the intraday, you might be long IBM from the gap down. And like I said, it did gap down a lot, but I'm shorted. So I'm shorting it the whole time in here. And then it broke. And I have my stop at 55.  They protect you because this could have not worked, but it did. Anyways, this was really expert trading the other day because I'm sure that some people were long the stock because on the one minute chart, it looked like it was lifting even the moving averages here. This is a 20. This is an eight. This is a 50. We're starting to scoop. And this period in here, I'm in it. So I was already in it before 10. This was the day I was trading a little bit later. It didn't break till after. But it did work. And it had a big move. So the shorted it at 160.179 had 2000 shares. And the exit price was 160.10. But it actually went a little bit farther. It actually did break 160. And it was an amazing trade. If you had 2000 shares of this, you could have made $3,380. Now, this is a good size for this. It was an expensive stock. But even if it only took 500 shares of this, it was a $1.69 move. So here, again, is what I look for every day, this kind of thing. And the case here, I was in it over here because I thought this was going to happen earlier. It didn't. But I stayed with the trade and the stop kept me in and it went. So I'm using this to tell me what to do. This I'm getting in it and I have the stop. But this is directing me, which is the daily. Many day traders also are focused so much on this one minute that they might think this is a long, but it's a short. So I use the daily to direct me. I use the one minute to take the entry with the stop. But the directional bias that might go long or short, I'm choosing the daily chart. And that's one of the reasons for my success. Now, a lot of day traders are only looking at this. And then you see this and it can be confusing. I'm sure there were people in the trading room yesterday that were like, because it did go over the high. But it worked. So it's very, very important to have a focus on what? Why are you doing anything? I'm doing the short in the IBM because of the daily chart. My rating system tells me the daily chart means that the institutional money is going to sell it off. Now, whether it sells off in the longer term or not, I don't care if I'm in and out on the day, which I was here. But the point is that I'm using the daily to direct me as if I was going with the people that are removing the stock on the day in the gap. Any questions about this? I actually do think that this is one that is actually probably lower in the overall. I did not look at how this closed today, but this could have another move down for a larger move down. But I like to do the day trades. So you can see here how, I mean, this is enough money for some people to last all week, but I look every day to trade. So really the key to making money, to the tune of a couple thousand dollars in the trade, is power money. So think about what you're doing. And this is, I think in the morning before I trade, I have it all processed. I have it all set up. This is the one I like. This is the top pick. It's IBM. I don't get in before it sets up, before the open. I don't get in before 930, but I think until actually about what I'm doing. I don't think on the fly. I don't wait and scan between 930 and 10 to fly what to do later. I don't look what the market is doing to determine what I'm doing or not. I look at the stock itself, and I have it all figured out before 930. When I'm not in the trade and no money is at risk, and I can process my thoughts, and I go with my system, and I have it all thought out, and I'm more relaxed. Now in the moment when I'm taking the trade, I have to pay attention. But I know what I'm doing beforehand, and that does take some of the stress off of it. Alina is saying about today. Yes, there were two today. Verizon and eBay. I actually didn't put these in here, but if I have time I can do videos later. But eBay was a good one today. Again, the quick move down. So what I do is look at a rating system that pinpoints where the money is going to go, and that's how I figure it out. Now earlier I mentioned this target. This looked great, but it actually was a loser for me for the day trade. So look how what it did. It rated good for my system, but it failed. And then I called it as an option, and then it was a huge sell-off. So this is where I said, you know, eight out of 10 trades will work, two may fail. This was a failure as a day trade, but it's still, the control was to the downside. The institutions were still controlling it to the downside. And I knew that because it gap rated well. And then when it opened the next day, I quick called it as a put. So this was a short as an option, and if you did it, and you could have made way more than what you lost in the day as a day trader in this one. And the rating system told me that, but it didn't work this day. So you will have sometimes ones that don't work, that you can watch for continuation if they turn around and flip. And target was one of them. And it really had a nice big move. The stock is still lower. This is today. It's barely lifting at all. And the market had a decent rally today. So this had one little tiny move up today with the rally in the market. This is really stock is lower. So many saying 162.44. Which, what are you talking about there, Terry? You can write your question in. You lost me. Anyways, the whole point of what I do is looking at price action and gaps, and then predicting where the money is going to go. I like to do the day trades first. But sometimes I will do an option if like in the target, if the thing doesn't work as a day trade, but I know the gap rates well. And then you can get the follow through after the fact. Okay, but you've got to have conviction to make money no matter what you do. And I don't care if you're risking $100 or $1,000. It's still your own money that you're risking. Okay, so you got to get it right. But I really definitely do something very unique, but it's not with most of the crowd. And I was telling you one of the reasons is I'm going with a daily chart. I'm not looking and making decisions about whether to go long or short of stock by the intraday charts, which is very unique, even though I'm a day trader, even though I could be in something for five minutes or three minutes or two minutes or 30 seconds, even though it could be in something out very quickly, the decision for the directional way I'm taking the trade longer short is with the daily. And that gives me an edge because institutions are not making decisions to buy or sell stocks on intraday charts. Okay, going back to the commitment, excuse me, if they want to sell IBM and dump their stock in it, then they're out for the moment. The chances of them turning around and dumping, you know, dumping 2 million shares, okay, and then turning around and buying back 2 million shares that day or the next day is very unlikely. You know what I'm saying? Because it really takes a lot of commitment. When these places, these funds, these institutions, when they take positions in stocks, it's a big commitment. It's a lot of money. They take big size, okay, and there's risk involved, and there's a decision behind it. It's a thoughtful decision behind it. It's not a quick decision. And there's the commitment level that will usually have the follow through with it. So you've got to be in the right direction. So you have to know what to look for. And this is one of the reasons I'm looking at the daily. And the other thing that gives me the edge of what I do is figuring out before the open. So I'm looking at the direction of bias in the pre-market. Now here was the IBM. This is actually the post-market at night. At 4 o'clock, the stock had the earnings, it gapped down, it fell hard. This was, I don't even know what day it is. I don't know if it was Tuesday night. Yeah, I guess it was Tuesday night. Yesterday was Wednesday. So Tuesday night, this did it. Here's in the morning. And then here's the open. And then this is the move that I was in in the morning. This was in the pre-market in the morning. So rating the gap in here in the morning. Or you could have done it at night. It got better as the morning went on. And actually found more. IBM closed today at 162.44. Let's just look at that here. Let's just look at the daily. It didn't go over the high of this. I can't see what the high is here. Here. It didn't. It didn't go over the high. So it's still lower. If we rally today in this held in here, it's still good. Looks like if that's where it closed it is. So we'll have to watch it. But thanks for clarifying what you meant by 162. Here it is. Let's look at it here. 162.44. That's where it closed today. So look at it. What do you think? It's weak as all ghetto. It's lower. Because of market rally today. Market had a nice move today. Market should fall through higher tomorrow. So this is where this closed today. It's still weak. Now here is the T.S.C.O. This was two weeks ago, I guess, before the holiday. Another one fell off the planet. Stock is a daily chart. Stock close here at 70 gap down to 67. Massive move. I didn't get this whole thing. But I got enough of it to make money. But it actually went to the dream target. Again, followed through. In fact, I think this had a third day in here. So here was the short in the morning, the day that it gapped. Boom. In it's short, stop, get the drop. This ended up going and breaking 65. But I tend to like to play in the morning. So I just did this one, but this continued down. So again, get in the trade, take your size, get out when you get the move. So I made 1,300 bucks on this. But as it turns out, I could have made a lot more. I didn't hold this all the way down. Dream target was 65. It actually went to 64.50 on the day. I didn't get that move. But I got the first morning move. But here you see where it went. If you played it into one o'clock, it went all the way down. So that is a good example of what? Selling action. This is selling action, people. You have institutions are selling it. They're dumping their long positions and the stock sells off. So when I take a trade in here, I'm predicting that this is going to happen. That it's going to get sold off. And I'm predicting it before the open. So I just wait till it opens and I take the trade and put the stock. And again, my focus, focus, focus is one or two things a day. Trade in the morning. Be out by 10 o'clock, 10.15, 10.30. So I have a focus on the downside, focus on the selling action, focus right into the open, focus on only one or two picks. And the reason I prefer to short, and this is just personal preferences, because you do get these long extended moves. You do get big moves and selling action. You do tend to get a lot of panic very quickly. Actually, peer, let me just go back, this, this, this kind of thing here is what I like about shorting. It just goes, you get total panic and very quick moves in shorts. I'm not saying that, you know, stocks don't rally, they do, but stocks tend to have fast, fast moves to the downside quickly. So it just means you make money faster, which I, which I like. The faster I can get in and out of the trade, the better I feel simply because then the less I'm at risk. It's probably also why I don't do that many over nights. And even if I do an overnight, it's an option. It's an option trade, which has a fixed risk. I, you know, to be a long term investor and I'm not saying there's anything wrong with it, excuse me, but you have to have a lot of money behind you. You have to be able to assume a lot of risk. You have to be able to stay through the wiggles and jiggles. I mean, that's why there's people like Warren Buffa that are very successful. He's got billions of dollars. No, I'm not in before the open, Terry, but I'm deciding before the open. So I did all the thinking and all the mental process beforehand. So I've made the decision when I'm doing before the open. This is good. I like it. We're doing it today. But then I take it after the open. But the intellectual thought and process and the, and the point, my methods, the point rating system I go through, I do all of that before the open, so that when the live day happens, all I have to do is watch it or one thing or two things. Like I said, I could watch two like today, but that's it. I don't have to think and think and think as it's a long or short. I just watch it. If it sets up, I do it.  So if I have a stop in, let's say at seven dollars, that's where the stop is. It's a limit order. Could I get filled past the seven? Sure. Sometimes you have slippage depending on the size of the stock you trade.  I get filled. I get filled in the close to the right price or the right price. I'm not taking 50,000 shares of something. I'm also trading liquid stocks, which helps a lot. And there are occasionally things that I do that have a spread, but I prefer to do tight spreads. But if I have something that has a spread, I'll price it in. So let's just say the spread is 20 cents, which is a big spread for me to do. But then I'll price in the stop and the spread. So instead of putting the stop at seven, I'll put the stop at 720. I use hotkeys for entries. And yes, I use limit orders for those two. But some people in the room use market orders. But that's up to them. But I use a hotkey. And the hotkeys are limit orders. I played around with the market orders. I don't like doing them. I've always used hotkeys and I've always used limit orders. But that's personal preference. It's not like you have to. Average percent of your stop loss. Well, that's what I'm saying. I'm averaging 87%. So that means for every 10 trades, you figure two were going to be losers. That's what you should figure. Now let's look here at the Kate. Kate was another one again. Big sell off right into the open. In fact, I was so on top of this guy. I actually took it in this bar. I actually jumped the gun on it a little bit, but that was okay. So I shorted it here. I was anticipating it breaking in this bar. It did. I got it in a little early, which was fine. It worked. And I got the stop in quick. And I got the draw. So the short of this was 1839. I was early though. I took 5000 shares exit 1795. It actually went a little bit more. But again, you know, when you're up, you get out. And this is real profit people. I mean, to have two good solid trades, excuse me, and make over five grand. That's it. That's a week. So again, I took this a little early. So you could have waited here. And then it dropped. This also, I will tell you, was the low of the day set the low of the day in the first five minutes. No reason to trade anymore. No reason to do anything else. Even if you only did, you know, 3000 shares or 2000 shares or whatever, you can make over 1000 bucks in this. There's no reason to do anything else. So I like this. I did not get in before the open. I knew this was the one. I figured it out before in the pre market. Boom. This rates good. We're doing it. It opens, take it, put the stop moves, you get out. IBM took a little bit longer, but I could have gotten out of IBM. I could have gotten out of IBM way earlier. I mean, I was up before it made that move over the high. I could have gotten out. I was up when it when it moved, but I wanted a bigger move. And I thought this is going to have a big move. It just took a little bit longer. But part of the reason for that is I think people were going long it, but the institutional money pushed that down. Now let's look here about buying power, because someone had mentioned this earlier or someone emailed me about it. I forget someday I'll just do a class on this, but this is very, very, very, very basic. Okay. But if you have a stock that's $20. Okay. I'm just, I'm just saying if it's $20 a share and you want to take 5,000 shares, you're going to need 100,000 buying power. So if you want to open up an account like at a place like Ameritrade or E-Trade, a retail account, you're going to need 25 grand in cash for that much buying power. If you go to prop account, you only need 5,000 cash. It's up to you. But this is for a position of 5,000 shares. You don't need to be taking 5,000 shares. I'm just showing you, if you want to trade like an advanced trader, this is what you need. But you don't need to be taking 5,000 share positions. You could take 1,000 share positions, 500 shares and still make money. If you divide all of these trade risks by four, you can still be profitable. So I think a lot of people put the car before the horse and they want to make a million dollars or whatever trading. You can get there, but start where you're at right now with the cash you have. If you've only got 2,500, you could open up a prop account. Now you're not going to be risking a thousand dollars in your trades. You should probably only risk 100 bucks. But if you can make 200 bucks, risking 100 bucks, it's 200 bucks you didn't have before yesterday. So it's still the idea that you can make money and you're not trading all day. You're not trading all day. You're only trading in the morning. And every once in a while, like I said, that TSCO went to some bigger number at one o'clock, but it doesn't bother me. If I now have my money in and I'm booked, excuse me, and I'm out, I did my job, that's all I can ask of myself. It's just, it's too much risk holding all day or waiting, waiting, waiting and trading like a million things. It's just people give money back in the afternoon. They just do. So really, I'm looking for the institutional move. I believe this is what helps you to be consistent. You're looking for the certain time of the day into the morning, okay, when all these traders are at their desk and they're deciding what to do as well. And they know if the stock had news, if it had earnings, they're not going to wait till noon to sell their position if the earnings were this morning at 7am, why would they wait till noon? They're going to dump it into the open. So that's it. So you get that move and you're done. So anyways, this is what I teach in my class, how to find these stocks, how to pick them, how to plan. And I do tend to like to go to the short side. So I teach a 26 point raise system. That's how I figured out. That's how I figured that IBM, it rated it well. And even though it lifted in the one minute chart in Shraday, I knew it was a short. And I do think that's still lower too. Even if it boops over the high of yesterday's high bar, I still think it's going to break. It was a serious gap in the chart. So my class teaches how to enter and exit the stock on the day in the one minute, you'll learn the entries with me, I teach six different entries. And I teach price analysis and technical analysis on an advanced level, which you would you would learn how to read a chart with me, you would learn how to read a correctly a day chart, a daily chart, which will really help your day trading. And then obviously, if you do longer term trades, like options and swing training helps you do because you should know how to read a day, a daily chart if you're in overnight. But most day traders do not understand how to read a daily chart correctly. They think something's an uptrend, it's at a downtrend or vice versa. So IBM is a great example of that. So I teach a solid strategy and how to trade gaps, reading the power of money, I teach supportive resistance, so you know how to take positions in the right direction. I teach a more proficient and advanced way to recharge focusing on technical analysis, because that's how I make my choices. And I teach you how to get conviction in trading, because you start to make money with me, you'll get your conviction back, that you can do it. Even if you've been losing for years, and that's important. It's just important. I mean, it doesn't make sense to keep doing this, doing this, doing this, if you're losing. So the main focus of time of the day for me is between 9.30 and 10. And it's really chunking it out.  If your goal's 10,000 a month, then you divide it's 2,500 bucks a week. You divide it up, okay? You don't have to have some huge home run trade. You could chunk it out every day in these moves that go for a couple minutes and be done. You don't have to hold something to the dream target. And you've got to limit your losses. I mean, that's very important too, because you won't meet your goals if you don't limit your losses. So I'm teaching people to trade themselves. Like I said earlier, it's an individual thing. You've got to empower yourself to do it. You'll learn from me. I'll help to mentor you, but you are the one that's doing it. So my class is a two-day course on how to strategically find pick-and-play stocks at our professional bearish gaps. Retakes are free. The class is online. You can be anywhere in the world and take it. It's online. I teach it live and you ask questions just like you're doing here. The class is April 29th and 30th next weekend from 9 to 5 Eastern time. The cost of the class is $49.99. If you want to sign up, you would email me for the registration papers. They're not on the website, but you can go to the website and read about the class. And I'm offering the wealth manifestation course, which is a trading psychology course for free. If you sign up for next weekend's class by Sunday, this is May 2nd during the week, noon to three. This is a good class. It really does help your mental processes. This is not about charts, but it's a trading psychology class which a lot of people enjoy and I'm offering this free if you sign up for the Gap class by Sunday. If there's anyone want me to go back to look at anything or anything at all. It's second quarter earnings season. There's tons of gaps, lots of things to do. If you want a trial of the training room, also you can email me here if you want a trial for next week to the room. Any questions? I forget what's tonight. I did look this morning, but I don't have a sudden I forget what was reporting tonight. Excuse me. Is anyone have questions about anything? About gaps in general? Any specific stocks? I think I answered everybody's question. You're welcome, Teri. Can't think of any questions. Was the cool presentation? Oh, thank you, Charlie.   Even the stocks wish it's a catchy name. It's a great name, but it's a play I do in the market and I made it up. So it's what I do is very unique and I really don't do anything else. And I know there's a lot of places out there that teach a lot of different things and and and that's great.  It's the it's the focus that allows me to have the sixth sense. I don't think you get that you never get that edge that sixth sense that intuition. If you're doing too many things like, for example, Target. I shorted was was a was a was a short I looked at as a short I mean, I said my bias for Target is a short. The stock didn't work as a short as a day trade. But then I called it as a put and it was a huge moved down. So even when when I see something, I stay with the conviction and the focus of what I'm reading in the chart, even if the trade doesn't work out, knowing that it was good. And then either I could do something else in it later or not, but then that keeps me honed in. And you accept the loss for that day. And then you either do an option in it or you go off of it and do a different thing. But it keeps me focused. I never turn around and go long it. So I would never turn around and flip and go long Target because my bias was a short. And you stay with it because of the rating. And that's what helps me see things like the moves then down. Because I'm seeing it on the chart. I'm seeing really what the institutions are doing. I'm going to go back to this really quickly because this is such a great example of and Google to but this this really this really was because I think I think even people in the room were just like shocked what it did afterwards. There's it just the stay of this move. It had nothing more to give but I never flip and go long it. So this just this just this had a great move here to the downside in the gap. But then it was a rest period. And then they sold it off afterwards. It just had nothing more to give on the day. But they still sold it off and really hard. And I'm telling you this can happen. There's no 100%. That's why I put stops. But you know 80% is pretty darn good. I don't think you can get better than that. You've got to accept that some days things won't work. But I never flip them. And having that focus keeps me. I don't I don't then flip it and go in the opposite direction. And I don't look to do anything else. I know this works. You get up and you look at it. If it doesn't work you look at why. And for example this here it just had nothing more to give on the day. But then they really powered it down. So that's why I called the option. You think a lot of traders do not like to short stocks. You do short stocks but from people you talk to they're scared of going short. Really? This is see you're you're educating me now I mean because I never people don't like to short. Why? Why are people scared to short? You tell me. Is anybody in here scared to short? I talked to some people that that that don't understand shorting. But I've never said no one's ever said they're scared to short. Tell me why. All you'll follow the money long or short. Aleem says because they said the Trump rally is too strong. But that's the overall market direction. There's nothing to do with stocks. There's nothing to do with stocks. You still have to pick a good short. I'm not shorting everything in the world. I'm shorting stocks that gap down that rate well. That's it. I'm not shorting the world. Listen you can't go long the world either. You want to go long? Peer when imports? No. So Trump rally or no Trump rally.   Okay so it's vice versa. The market could be great in the overall directional bias and all the optimism in the world and that's true.  It's not all going to rally. So you buy stuff that's strong and you short stuff that's weak and that's how you make money. So it doesn't really matter. Many using trident retirement accounts you're not allowed. Well you can do you could buy a put if you can do an option in the trading account. That's one way to get around it. You can buy a put. Unlimited risk when short theoretically. Not when you put in a stop as a day trader. If you put a stop in as a day trade you don't have an unlimited risk. I mean you know you could say the same thing for the upside because the trade could fail. There's no difference if you're long. You could be in something long and the stock could sell off. If you don't have a stop in your risk your risk is unlimited. What's the difference? It's nothing's guaranteed. That's why I use stops even on the day trades. IDTI. I did not see that today. Aline but I'll look at it later. Good questions people. You'll have to somebody email me. One of the other reasons people are scared to short you'll have to tell me. Overall I'll tell you as a day trader you can get an edge if you learn how to short. You can. The moves happen quickly. You don't have to trade all day. I mean not a lot of people know how to short well or correctly. I do. I definitely think that gives me an edge too. I'm not shorting everything but you shouldn't go long everything either even if the overall directional bias of the market is bullish. You have to be choosy. You have to pick the right things to do. I don't care what direction you're doing them and you got to be thoughtful every day and that's part of the prep work so that when the live moment comes I'm not so stressed. Either sets up or it doesn't. Boom. Either works or doesn't. You know. Good participation here people. Good job. Thanks for having me Eric. Thank you everyone. If you're interested in more information you can always email me at Melissa at the stockswish.com. Here's my email again and any more input or information you can always email me. Love the conviction. Thank you. Yes you'll learn that from me too. You can probably learn that from me watching my YouTube videos. All right have a good night everyone. Thank you. You're welcome.


Monday marked the start of the basketball season at Boston University. Both women's and men's teams had their opening games against Northeastern that night. But before any tip-off was in motion, students came out for a celebratory tailgate event outside of Bridge Hall. The tailgate was hosted by BU Athletics and the Sports Business Club to give people the chance to enjoy some free food, games, and promote different clubs on campus. Marco Sterling, a representative for ROTC, said while he isn't directly involved in athletics, the tailgate was a great opportunity to make their organization's work known. ROTC finds athletic programs super important. We're trying to attract athletes all the time, so make sure our presence here is known well. And the athletes on the basketball teams at BU have made headlines, competing in the Patriots League tournament last year. Tommy Connor, a BU Athletics intern since September, said he's seen how the team has prepped for the season ahead. Honestly, I see the energy between all the teammates. Just going through these buildings and everyone seems to really mesh well together. Jin Batour, a BU alumnus, said she came out to the tailgate event to witness the energy of the student community once more. It's definitely fun to be back. I haven't been back in quite a while. It definitely feels fun. But yeah, it's very festive in there. The band, the cheerleaders, the teams, everything. And the energy experienced here on Monday night was not in vain. The men's basketball team actually pulled away with a win, 72 to 63. Unfortunately, the girls' basketball team came to a close loss, 65 to 66, but they plan to regroup for a Miami road trip on this Sunday. Students can get their tickets for the rest of the season by going to Ticketmaster on the Agana Serena website. Reporting from Boston for BU TV 10, I'm Lainey Broussard.


Welcome to Digital Asset News, the top stories in crypto, current digital assets. Man, break them down into bite-sized pieces today. We've got one big story. And I didn't think it was that big when I first read it, but it led me down a rabbit hole that I just couldn't shake. So this starts off with Ripple's Garling House, says China Leads US in Crypto Regulatory Outlook. And this one article sent me down this rabbit hole, which took me from everywhere from B Chain Nodes and Rewards, PricewaterhouseCoopers, Tim Draper, Walmart, even the Telecommunications Act of 1996 and how it all relates to the internet. On top of that, it took me all the way to Alex Machinsky and why blockchain is going to swallow up the entire internet. And finally, it led me to Donald Trump. So this one article just led me down, like I said, this huge rabbit hole and it had huge ramifications moving forward. Also, Cointelegraph figures out that there are scams on YouTube. Amazing. And that will lead us to Scam the Day, which we'll go over after these two stories. But first, let's take a look at yesterday's video. So in yesterday's video, I introduced you to a product called Shield Folio or the Stonebook. And I just at random picked out a winner and it was actually Jason Moore. And all I just said is, hey, if this looks like something you want to actually have, just give me a shout out in the comment section. And Jason did just that. He says, I want a Shield Folio. So a lot of you did. I really appreciate everybody who commented. So Jason is the winner. And of course, there were some happy people that said, you know, hey, congratulations, whatever else, but speak your mind. Have my favorite quote where he says, Lucky bastard, which is true. Jason's, he got lucky. And he won that, that Stonebook. So congratulations. If you haven't seen the Stonebook, it's pretty cool. It's essentially made out of stone. It has these paper or this paper that is really resistant to a lot of different things such as, you know, tearing, tearing it apart because I've even tried. Even like when you rub your hand over it, it doesn't really do too much or actually anything at all. And it's water resistant. It's not fire resistant because I actually took a took a page and able to burn it. But I mean, for all the things that we've done to like hold on to our seed phrases, all the things that we have for a cryptocurrency wall. It's this thing is pretty cool. And also has this thing called a ghost pen, which allows you to write invisible and then you just kind of, you know, shine that thing over it. So it's pretty cool. So this product, I didn't know this thing actually existed. The owner just reached out to me and said, hey, can I get to a giveaway?  So there was a lot of requests for more information. I didn't really have too much on it.  But I think I wanted a lot of people actually want to have this. I reached out to Freddie Hernandez. He's the CEO. And I said, look, Freddie, there's a lot of requests for this book. Can I get a discount code for all these people? It's not an affiliate code. I don't get anything for it. But he said, yeah, just take this code and I'm going to link this in the description of this video. And when you click on that, it'll take you to the actual website. It looks something like this and you can see where is it? Our story. Go down here. Add to cart. So it was 50. It's on sale for 35. Then with that discount code, it takes them like 29 bucks. So not too bad. So if you're into that, you know, go ahead and check it out. I'll link in the description. But let's move on to today's top stuff. So first up, what's going on with the market? It is Sunday, July 19th. And not much is going on. Bitcoin's Bitcoin. Just hanging around 9100. Ethereum 234. It's kind of depressing. I was kind of hoping it would actually go up to, you know, above, you know, the 244 mark. But here we are. Tether's Tether. XRP is XRP. Bitcoin Cash. What are you going to do? Cardano. Hang on to that sixth spot. Look, it's like around 12 cents. Bitcoin SV. Still in the top 10. No idea why. Chainlink. It looks like it's, you know, dropped a little bit.  I think it was like $8.56 or 64 cents or something like that. So now it's a reasonable 787. So Chainlink had the little dip. What are you going to do? Litecoin, Binancecoin, and so on and so forth. Nothing really fantastic. Even the Darling, which was VeChain, even took a little bit of a hit down 2.5%. So Sundays are kind of like always like this. And then leading into Mondays, you know, off we go. So we'll see. Anyhow, let's break into this, this article. We've got a lot of things to go over. So first up, Ripple's Garling House says China leads US in crypto regulatory outlook. So what's going on here? So there was a Chamber of Digital Commerce Parallel Summit on July 17th. This was Friday. Actually went to their website just to see what was going on. And you know, it has all these different speakers and it's already passed. But you can sign up. And I think they're going to do a replay of all the different people that were actually there and were actually on stage. So I'll follow up and see what I can get. But it looks pretty interesting about what actually happened. But let's break into the actual article so we can get. I'll look at Itoro. I got to tell you, Itoro not my favorite. A lot of problems with them. Anyhow, so the article goes on. Where States Garling House express admiration for China's approach to the crypto space. And he says, and he's pretty much in awe of what's going on. So he said, I think they being China, they're realizing that some of these technologies may in fact be very foundational for the future of how financial systems work. And they want to make sure that they have capabilities at the heart of them. So the question gets asked, well, if you have regulation and you have the government laying forth and saying, OK, this is a security. This is a commodity. And they pretty much separate it. Does regulation give entities like institutional investors confidence? So the rationale that Brad gave, Brad Garling House gave when he mentioned Bitcoin and Ethereum regulatory classification as an example. US regulating bodies came forward in 2018 and 2019. And they classified Bitcoin and Ethereum not as securities, but as commodities. Such rulings now give companies and individuals more confidence and participation around those assets. And it makes total sense, right? As soon as these things start to happen, you would just see institutions kind of slowly creeping in. They're like, oh, it's not a security. So it's going to be actually commodity. There's no way not to go through all these different hoops and everything else. Sure, we'll get into it. And that's why you see lies these different institutional investors getting into the fray. Because look, they're like, this is a commodity. I'll have to do all these different things to actually have it. So when I was thinking about this, I go, well, if you've got Ethereum and Bitcoin, those are the only two right now that the government has actually kind of gave the green light to for whatever reason. So imagine this, imagine if there was another coin and it was classified as a commodity. Because right now, no one really knows. No one can really say, you know, what is a security? What is a commodity? As a matter of fact, Ripple's XRP is going through the regulation or the process of trying to figure out, is it a security? Is it a commodity? If the courts ever come out and go, you know what? This is a commodity. I mean, it's going to be, you know, huge green day for everybody. No, the opposite could happen. I don't think it will. But if it does, it could be, you know, pretty detrimental for Ripple and XRP, even my portfolio because I do hold XRP. But let's go back. Let's say right now that the government comes out and goes, you know what? That V-chain, that's pretty good stuff. Just a commodity, no big deal. So if they listed V-chain as a commodity, first of all, you know, what is V-chain? What has it all got going for it? So this is from V-chain Insider. And if you don't know V-chain, there's been a lot of talk about it. And I used to own it. And I can tell you right now, it looks pretty good. It's looking much better actually as time is going on. So there's two types of token. V-chain token or VET, and there's the Thor. V-chain or VET is a store of value. Thor, you need that to interact with a blockchain. Think of it like gas. That's essentially how I kind of look at it. Gas for the blockchain process. There's two types of nodes. Authority nodes, nodes are used to validate. The authority nodes are used to validate all blockchain transactions. There will only be 101 authority nodes. They need dedicated hardware and need a minimum of 25 million VET. That's a boatload. Economic nodes are not validating blockchain transaction but offer stability to the ecosystem. You only need a million VET, only a million. No hardware is required. Just place your VET into a traceable wallet and use the V-chain to throw a mobile wallet and go to rewards and upgrade to a node. Great. So here's where it gets interesting about V-chain. Because I was just thinking of it. I was just kind of thinking out loud going, what if V-chain was a commodity and I started to take a look at it a little bit deeper? Then I just saw this. I go, hold on, wait a second. It says currently, multiple companies, for example, DNVGL and PWC, Price Waterhouse Coopers, have come forward announcing that they are holding an authority node. And I was like, what? I never heard about that. And this was like not anything like reason. This was in 2018, Price Waterhouse Coopers. Now it's a joint business relationship with V-chain Global Technology Holding Limited. And I was like, okay. And then when I was searching for this, because I was searching for Price Waterhouse Coopers and V-chain, then this little thing came up where the V-chain Foundation on Twitter made a public. They say, hey, we see eye to eye with our investor, Tim Draper. We're going to have the future of cryptocurrencies and use a blockchain solution. So I'm like, okay, Tim Draper's, if you don't know him, he's kind of like one of those clairvoyant people who are able to see a lot of things out in the future. Now has he picked 100% winners? No, nobody does. That's impossible. But he's had some pretty good runs, such as Skype, Overture, Baidu, Tesla. That wasn't a bad one. Hotmail, Twitch TV. And he also found V-chain. So when we're looking at these other things, I'm always looking at what is smart money doing? What are they investing into? Because I don't run in these circles. I just don't. I don't know if you do. And if you do, that'd be great because then you can give me some more information. But when I'm trying to figure out what is the next big thing, I kind of try to look at where is the smart money going? Not what they're saying they're doing, but what they're actually doing. So if I can see Tim Draper in here, I'm like, okay, maybe this could be something very big. So we got that. On top of that, this has also been a news. Walmart China subsidiary teams up with V-chain to trace food products. So looking pretty darn good. So anyhow, when I was just going down this little rabbit hole, I was just thinking to myself, what if it wasn't just Bitcoin and Ethereum, and they were classified as commodities? What if you could have something like a V-chain, like a Cardano, like a tomato coin, or whatever else it is? How much would that coin go up when that actually happened and when the US government actually got off their tail and did the thing that they're supposed to be paid to do which is set forth regulation because at some point we're going to need these types of things and actions to actually happen to move forward. And if we don't, US keeps falling behind and it seems like the world is kind of... I used to think that the world would kind of sit around and wait for America, but that's not how it's working. They're just going to go ahead without us and that's just how it goes. Technology moves pretty quickly. There is no reason that America has to set the tone for everything. So I mean, that's why China is moving forward. That's why Europe is moving forward. That's why Africa is moving forward. That's why Australia is moving forward and everything else is moving forward except for America because the problem is they can't get regulation right. They can't get it done in time and people are just going, you know what, if you can't do these things, we'll move to another country and we'll do things outside and that's what's going to happen. I can tell you when America did do the right thing which was for the internet, you know, decades ago. We'll get into that in just a second. So moving forward, today because of the mining control of Bitcoin and Ether in China, these are technologies controlled by China and look, if you're a miner out there and you're probably screaming at the screen, well that's not true because we're a mining pool and we can go to anyone we want to and yes, I understand that. If you're in the mining pool, you can go to a bit main. You can go to some other different mining pool outside of China and that's fine. The thing is though, and I've talked to different miners out there, it seems like these mining pools that are centralized in China give the cheapest rates because they get the cheapest electricity right now. So why would you go anyplace else if they give you the cheapest rates for all the cheapest things you can and you keep your costs low? I don't understand that part. So if someone knows them, I don't. Please put it in the comments section but there's no reason unless you're nationalist and go, you know what, I'm just not going to work with China because I do not believe in that and that's been sure, but I think a lot of people are in this in just for the money and they're looking themselves and going, you know what, that province of China or that different mining pool gives us the lowest rates for electricity. I'm going to go with that and that is also a problem. Now hopefully things from like layer one which is located in West Texas can get their act together and they can actually start to produce what they're supposed to do which is electricity for less than a penny for a kilowatt hour. We'll see that actually comes about. Moving forward, Garling House said 25 years ago the US was a leader in making the internet what it is today but part of that came from regulatory clarity he added and I never really realized that because I was around when the internet came about and I remember just it just kind of happened because I was a younger kid and I didn't really know what was going on but now that I'm able to a little bit older and I can look back and I'm thinking to myself what is Brad talking about here? What is he saying that the US did back then as opposed to what they are not doing now? So I take a look and this was a article titled a brief history of internet regulation. I will not bore you with all the stuff because it's very long. Let's just go over one thing which is the Telecommunications Act 96. The Clinton administration remember that guy? He brought with it a very specific view the administration brought with it a very specific view of the future of telecommunications. It saw the potential for an explosion in information services and believe strongly that relying on private investment and markets would be the best route to promoting innovation raising investment capital and managing the uncertainties about the shape these future services would take. So if you take a step back and you look at what the internet was and what it could potentially be this part of the government got it right and they say you know what we have to step back because it's a huge innovation there's going to be a massive amount of things that are coming forward so we don't want to hinder this we want to get out of the way of it and just let it actually happen. This is a great idea right? So the problem here with government it's not that that government right now has actually stepped in and said no we don't want you to do this or this or that the problem is of inaction and when you have inaction you have uncertainty and when you have uncertainty you have different problems with the market and things just don't know where they can go and then it just kind of flounders and I think that's what's happening so before this was actually a good thing because it actually took action and did the right process and that's the problem so let's move on it applied this perspective widely for example it argued in international fora that the internet did not belong in the province of the international telecommunications union since it was different than standard telephony it made sure that the government's structure of the internet remained in private hands those of the user rather than being moved to government decision makers it took steps to facilitate internet commercialization but the most important manifestations the Clinton administration was the telecommunications act 96 the 96 was the watershed event that marked the end of the telephone age this is a key to remember this the end of the telephone age and the beginning of the internet age in the public policy realm today we regard the convergence of telephones television and the internet as a fact of life in 96 when I was around it was considered a futuristic proposition let me tell you when the internet came out we're like what the heck no one had an idea what it was gonna do what it was gonna be we thought actually and I swear we thought the government would control it because we were thinking ourselves no one's gonna let that much information out no one's gonna allow this to actually happen and of course they actually did the right thing and said you know what we're gonna do hands off and then here we are so hopefully moving forward we can get a little bit more clarity and we won't have all these problems but we'll see so back at the article the Ripplehead talking about Garlinghouse said the same possibility for advancement currently exists around blockchain although the U.S. has not jumped in the opportunity pointing instead to its focus on other technology like 5G and that's the truth right now I mean we have a bunch of different bills being brought forth to Congress this year so hopefully there's a lot of action however Congress is a big massive waste of energy they seem to not be able to get anything done so I'm not holding my breath but we'll see so there's two things one let's look at smart money and see what they think is going on and we're gonna take a look at Tim Draper and Alex Moshinsky and two I want to take a look at the current government's view on Bitcoin, distributed ledger technology and everything else that's going into this space so first up we got my man Tim Draper and he's gonna talk about just how far in advance or just how early we actually are and what's going to happen I think it's important to just take a step back and just realize everybody here you who are watching this video you are super early and some people say no you're not you like in the later games that's ridiculous you are super early this whole thing you are at the very beginning of the internet essentially I know they say well it's been around 10 years nothing's really happened in 10 years it's been a bunch of white paper the 2017 parabolic bull run you know people were investing in paper, white paper, nothing vaporware it was absolutely zip so when I talk about these types of things like these are the days when things are actually happening this is the beginning of the runway so let's take a listen to Tim Draper for two minutes and he's gonna tell us where things are gonna go and I like this guy's thinking so let's take a listen we were very excited and we funded a lot of companies and the internet transformed communications and information and gaming and entertainment media but now we have new technologies and they start with bitcoin this magic technology that has somehow allowed us to have a trusted global currency that isn't tied to any political force and it's open, transparent, global frictionless and the technology that built bitcoin also has other applications so for instance the blockchain allows for a perfect ledger it keeps perfect track of money or it could also keep perfect track of data and a smart contract a contract that's built into software so you don't have to define whether different words mean different things we all know where the money goes and so smart contracts could end up being really a very important part of commerce and business going forward and then on the other side we have all this data and data is getting more and more important as we can do more and more things with it and as data evolves and people do this deep learning on the data they can create artificial intelligence they can create an intelligence by making judgment calls based on the data and the smart learning or the deep learning they've done well if you start combining those technologies they're bigger than the internet ever was you have the ability to transform insurance and well not just banking and commerce and finance it's things like insurance and real estate healthcare, government all of these things have the potential to be completely transformed and this is the time and I feel like those industries are 10 to 100 times bigger than the industries that were affected by the internet so we're in a big opportunity listen to what he's saying healthcare government finance real estate and he didn't say it but supply chain so all these different things he's talking about this is why I invested into these types of things so if we just look back at CoinGecko I'm just going to go over what I hold I hold Bitcoin because it's the first and I think if it's not going to be an actual currency because for whatever reason and it becomes a store of value so much the better great, Ethereum we can use that for smart contracts and just like he was talking about healthcare and real estate and if he's talking about finance decentralized finance I mean Ethereum is one of those ones that can be a juggernaut that's why I'm into Ethereum and as far as like banking that's why I have XRP because I think that at some point we might want to do cross-border payments and this is one of those that could actually happen now is that going to happen? I have no idea but that's why I invested into XRP Bitcoin Cash I just don't get it I mean we have Bitcoin and maybe we can use this for currency but I just don't I just didn't see it Cardano if Ethereum doesn't work out I think Cardano is another great one as far as what we're going to talk about as far as smart contracts and some really smart people that have a lot of things going for it and they just launched a mainnet so I'm all about it so one of these is going to work out Bitcoin SV don't get it Chainlink for all the smart contracts that we have we have to pull in data from outside because blockchain needs those types of information from outside as far as like pricing and finance even like temperatures and weather information data whatever else you have to pull in Chainlink does all those things with all these different formats or blockchains that are smart contracts I think smart contracts are what's going to drive one of the next bull runs Litecoin don't see it Binancecoin if I had the opportunity I'd probably invest into it but I got my limited spots and Binance is going to be huge just don't want to go into it Crypto.com sure maybe EOS that is another smart contract that's why I invested into it Tezos same thing Stellar if XRP doesn't work out I think Stellar is going to or I think Stellar is going to be one of the ones that could do it OKB don't get it Monero I mean if you want to do private transactions that's just not my thing so but I don't know if private transactions are going to be that huge maybe well maybe it won't but it's not my you know specific thing and I only invest in things that I think that I would actually use and actually are going to be mass for everybody this could be something for everybody V-Chain I see that you know tremendous type of a thing especially for like like fraudulent activity of different types of products or produce and things like that so V-Chain I can definitely see it and especially me being the medical field previously I can tell you that there is a lot of different things with medications that they need to be tracking a little bit more safely as far as like recalls and different manufacturer problems so V-Chain I can definitely see Tron that's why I invested in all those different ones and that's what I see so when I want to see about where things are going I try to look at where smart money is talking about and where things could be and that makes sense and the last thing I want to talk about is Alex Machinsky because remember here what we talked about 25 years ago the US was a leader making the internet what it is today and the article we talked about telephony and telecommunications Alex Machinsky here is the CEO of Celsius and he is the creator of VOIP or Voice Over Internet protocol so every type of thing that we do as far as like even like Zoom where we have like communications or audio over the internet this is the guy that created it and he sees what's going to happen in the future so let's just take a listen basically in the voice mail business I had PC based voice systems that processed voice communications and I realized playing with the internet back in the early 90s that voice is going to be free voice is going to become an application on the internet even though the internet at that time was really it was all dial up the internet was an application AOL and the ringing exactly so the internet was an application on the voice network and I said no you don't understand the internet is going to become so huge that the voice network is going to become an application on the internet and today we're going through the same thing so you mentioned VOIP to VOIP the blockchain and cryptocurrencies are the future thousand times bigger and more powerful than the internet because it requires much much more processing power and the largest network always wins so I know it's going to be very controversial but I'm saying the same thing happened with the phone network collapsing into the internet the entire internet is going to collapse onto the blockchain because people think that the blockchain is a feature of the internet but really the blockchain is like a black hole it's just going to suck everything it's like internet and we do it's even bigger than the internet and we hear that a lot like this is but it's hard to imagine that that's possible and how just like 25 years ago it was impossible to imagine that this silly idea of a voice of IP is going to be bigger than the entire phone network so we always live through that we underestimate the impact of technology in five years and then we'll see how much it impacted our life and it's always much more than we thought so that's why I invested I think that's why you're here watching this video and I think it's a reason why a lot of people are talking about cryptocurrency that's right now because they realize that it's early and this could be and I believe it's going to be bigger than the internet ever was so we will see and just talking about Celsius real quick in the description of every one of my videos there is a link it looks like it looks like this and it's going to take you to my exchange of wallets fees and different descriptions and this is all the things that I actually use right now what I recommend and what I don't recommend and we go through everything from Coinbase Pro to Gemini to Abra Uphold SimpleSwapKraken and for most of you who are not new to the channel you've already seen this but for those of you who are just watching initially this is just something that I put together when I first got in I thought Coinbase was it like that was all you could ever use and you can just take a look at the different fees compared to everything else and you can see why that Coinbase if you're just new to it use Coinbase it's super simple but if you're and actually I'm not going to say that Coinbase is simple but if you download the Voyager wallet it's just as simple and super slick and it's free for it's like it's zero permission free for Robinhood so I mean that is my one-two punch right now I use the Voyager wallet app to buy and sell cryptocurrency then I transfer to Celsius because it gives you different yields I mean high yields like 8% sometimes between 6% and 8% just for holding your cryptocurrency in their wallet and I think it's awesome and that was Alex Machinsky who was just talking so up above here you can go right to their websites and you can sign up at $25 so you know whatever you want to do and this leads me to my last point so we talked about what is going on as far as like 25 years ago with the internet and then the the government how they kind of got out of the way they got out of its own way but now we're going to take a look at what's going on with this current government and I think the problem is in action and Trump if you if you like him or hate him or love him it doesn't matter it doesn't matter what the condition is and it's making it a little bit difficult so Trump views crypto as a threat and I don't think he's ever talked positively about it maybe he has in private I have no idea I don't know the man so I don't know to tell you but regarding cryptocurrency it proposes this was a proposal from Trump's new budget plan and it it proposed returning the US Secret Service to the the Department of Treasury this established of Homeland Security in 2002 Trump's budget states technological advancements in recent decades such as crypto and the increasing interconnectedness of the international financial marketplace have resulted in more complex criminal organizations and revealed stronger link between financial electronic crimes and the financing of terrorists and rogue state actors and I think this is why Coinbase has sold an analytics platform to the US Secret Service so they can use it and monitor those types of things and that's not coming from me that's coming straight from Coinbase so yeah anyhow that's just one part of Trump Trump also you know tweeted not too long ago this was on July 11th which I must say was actually last year but this was his tweets he says I'm not a fan of Bitcoin and other cryptos which are not money and whose value is highly volatile and based on thin air unregulated crypto assets can facilitate a lot of behavior including drug trades and I'm not going to read the rest so I'm just letting you know that right now the current government that we have is not too keen on cryptocurrencies digital assets and I hope that as time moves forward they can understand you know how powerful it can actually be and just realize that hey we have to get regulation in place so institutional investors can know what the heck is going on so they can actually get in the game and we can all prosper that's all I'm saying alright let's move on to the next story next up we'll make this quick Cointelegraph says hey 38,000 people are watching your fraudulent v-chain YouTube scam right now which is pretty funny because they I mean it's not funny there's a scam it's just funny that they actually put this out and they said hey there's a scam going on there's a scam and they kind of tell you about it but they don't tell you what to do about it they just say there's a scam don't get involved which I guess is good on this channel we try to like tell you what it is and then go to that scam and then report that scam so you can actually but I'll give it I'll tip my hat to Cointelegraph at least they actually talk about it you know some people just bury their head in the sand like oh this doesn't exist which is crazy there's way too many scams going on out there I don't know what the heck is going on but it seems like there's more and more every day anyhow to some of this whole article they says is this too soon checking the wallet address on the v-chain explorer shows that just three people so far have actually sent funds at time of writing so just over three wow 320,000 vet have been deposited and shockingly no tokens have been returned that's pretty funny so hey at least people are understanding that hey these are actually scams hopefully we had a part in that and then other people who have helped out so great I hate seeing people getting screwed over out of their money because there's just no reason for that anyhow to finish up it says who are these people that keep letting greed overtake their common sense and perhaps more pertin pertinently why does YouTube let these scams continue for so long when it regularly shuts down Cointelegraph live streams for being harmful content and that really is the crux of that whole article why is YouTube shutting down Cointelegraph for harmful content but leaving crappy different scams up that screw people out of their money left and right great question Cointelegraph no idea so that will leave us to lead us to scam of the day so that's it for today's video but if you got a couple minutes stick with me let's go over scam of the day so scam of the day why do we do this well first of all in the description of every one of my videos there's going to be a link it's going to look like this when we click on that link to scam of the day it's going to take us this nice little Google spreadsheet and we started this in January and this because I was so sick of people getting screwed out of their money and I just wanted to educate people to make sure they didn't lose their harder money and you work hard for your money it would suck to lose it because you get you know you're doing a pretty good job there's just some that are kind of lingering around so let's see what we got for this is our latest one and it's Mellonhead it's still up I can't believe it so what are we looking for in a scam because you don't you can't just take my word for it right I'm just some guy who's a YouTuber who likes to talk about cryptocurrency and just because I say that you know this gargantuan headman is a scammer doesn't mean anything maybe he's just a regular dude and I'm just a hater so first thing we want to do is we want to take a look at the comments section because you know sometimes the comments section will tell you what's going on Droplet said this is a legal asymmetric giveaway very true not so smart as your face this is a scam but I think there's other people say that it's it's not but maybe I'm wrong anyhow so a lot of people say it's a scam but again maybe everybody's a hater so what are we looking for here what we're looking for is an asymmetrical giveaway so let's just fast forward this and what it says here is hey to verify your payment address just send us from a thousand to ten thousand XRP and you'll get ten thousand to a hundred thousand XRP back that sounds good but that doesn't exist because that's a scam so I mean really no one here's the thing just remember this you are not special no one's giving you money no one likes you that much so just let's just be honest so if you treat everything like a scam your life will be a heck of a lot easier so when you're going about your business and you think hey maybe CZ Binance has given away free money just send an email to Binance and go hey I saw CZ Binance giving away free Bitcoin is that true that's how you know and then with XRP you can go right to their website and go hey are you guys giving away free XRP that's how you know I mean any place you want to go to Microsoft it could be anybody that you see in these scams just send them an email usually takes about 24 hours and they'll tell you no so that's the big thing and that's the easiest way to avoid a scam so what do we do here how do we get rid of this nonsense so we're going to downvote and we're going to click on these three dots and we're going to report remember three dots report and what are we doing we're going to say this is ridiculous this is spam we're going to choose one this is scams and fraud we're going to say next and we're going to say hey this is a scam and whatever you try to say be respectful just say you know just be a matter of fact and that's it so that's all you got to do so if you do that I really appreciate it thanks so much this guy's got 2,500 views hopefully not so much XRP has been lost but hey you never know so that's it for today's video I want to say thanks a lot for sticking with me I really appreciate it and that's it if you like these videos I'm going to be a couple more they're going to pop up on your left and right and I will see you on the next one