We were looking at the vibrations of a circular membrane which was clamped at its edges. We had seen earlier that the governing equation remains the Laplace equation. We had converted it into a one-dimensional equation by assuming that the motion of the membrane is axisymmetric. So all derivatives with respect to theta are 0 and so eta the vertical displacement of the membrane was just a function of the radial coordinate r and time. Now under this approximation we were led to wave equation in polar coordinates here theta not being present because of the axisymmetric approximation and we were trying to solve this equation using the method of normal modes. So once again we substituted eta of r, t is equal to some Eigen mode into e to the power i omega t. After substituting it led us to an Eigen value problem where the linear operator was of this form. Notice that this in this particular problem the linear operator is slightly more complicated than the previous one. In the previous problem where we looked at vibrations of a rectangular membrane the linear operator was a constant coefficient operator. Here the linear operator is not a constant coefficient operator its coefficients are functions of the independent variable r. So we will have to worry a little bit more about how to solve this equation. Now once we substituted this it led us to an Eigen value problem where the Eigen value is of the form where the Eigen value lambda is of the form minus omega square by c square. Now you can see like before that in this Eigen value problem only for certain values of lambda will this problem admit solutions and those values of lambda will lead us to the dispersion relation. For correspondingly for every such value of lambda there will be an Eigen mode. But first we have to find out how to solve this equation let us do that. Our equation was of the form d square a. So this is the equation that we need to solve. Now as I told you before this is a linear but not a constant coefficient ordinary differential equation. Now this equation is a well known equation or is a special case of a well known equation that equation is called the Bessel's equation. This was first found by a mathematician named Frederick Bessel and is named after him. Now let us look at this equation. So the first step is to the solutions of this equation are known the arguments of those solutions just like the in the previous case the solutions of the equation where circular functions and the arguments of sine and cos are non-dimensional similarly the arguments of the solutions to this equation will also be non-dimensional. So it is useful and advantages to non-dimensionalize this equation non-dimensionalize the independent variable r. So let us non-dimensionalize the equation. So we will define r r bar which is so you can immediately see that r bar is defined as r divided by c by omega. So let us look at the dimensions of c by omega. So the dimensions of c, c is a speed and omega is a frequency. So c by omega has the dimensions of length. So I define a non-dimensional r which is r bar which is the dimensional r divided by something with the dimensions of length. Now if I plug this in into this equation I will get the Bessel's equation. Before I do that I would like to write down the standard form of the Bessel's equation. So I am going to do that here. This is the standard form and we will reduce the equation that we have written here to a special case of that standard form. Let us write the standard form first. So I am writing the standard form of the equation and this r bar is the same as the r bar that we have written here that is a non-dimensional r. So this is the standard form of the Bessel equation where alpha is a constant. In general it can be a complex constant. For most applications alpha is turns out to be an integer or a half integer. In this particular case we will see that alpha will be 0. So now let us transform our equation. So we will transform our equation into the standard Bessel's equation. For that let us use this transformation that we have defined here already and let us express all the derivatives with respect to r in terms of our derivative with respect to r bar. So we can see that d by dr is omega by c d by dr bar that follows just by taking the derivative on both sides of this equation. Because this is a second order equation I also want the expression for d square by dr square in terms of dr bar square and this is just the square or the coefficient is just the square of the first derivative. You can check this easily from this relation. Now we substitute this say if I call this equation 1. So substitute 1 and if you substitute you can readily see that all the terms will have omega by c square. So I am replacing all the derivatives and the coefficients which are dependent on r in terms of r bar and so I can eliminate the omega by c whole square because that is in general not 0. And if I take this equation and multiply both sides by r square it immediately transforms to a special case of this. So I am just multiplying both sides by r bar square. So now if you compare this equation with the equation that we had written earlier the standard form of the Bessel's equation you will see that what we have is a special case of this equation for alpha is equal to 0. So this 0 is an outcome of the access approximation that we have made. So this is a special case alpha equal to 0. Now the general solution to the Bessel equation that we had written earlier for arbitrary alpha is given by it is a linear second order equation. So there must be two constants of integration and two linearly independent solutions. So the general solution is given by these j of alpha r bar and y of alpha r bar are known as the Bessel functions. So this j of alpha r bar is basically known as the Bessel function of the first kind and y of alpha is known as the Bessel function of the second kind. These are well known functions they are tabulated you can plot them in a standard software package like MATLAB or Mathematica and you can find how they behavior is. They are in general also oscillatory functions. Now because our equation is for the special case of this general thing when alpha equal to 0 so it is clear that the solution to this equation is given by c1 we want alpha to be 0. So I write j0 of r bar plus c2 y0 of r bar. Alpha equal to 0 is an outcome of the axisymmetric. You will find and I encourage you to do this that if you take the two dimensional wave equation for a circular membrane in the theta direction in that case you will have derivatives with respect to theta also in the Laplacian and you will find that the solutions in the theta direction is a linear combination of cos m theta and sin m theta where m is a positive integer. Now if you put m equal to 0 in that expression you will recover the axisymmetric expression. So in the general case you would have jm of r bar and ym of r bar. When m is 0 you go back to the axisymmetric approximation and thus you recover this result which is a linear combination of j0 and y0. Let us plot I am just going to plot by hand how these functions look so that you have a physical feel for these functions. So let me just plot these functions. So these functions are oscillatory they are not exactly periodic and their amplitude decays for as r bar becomes larger and larger. So they start j0 starts from 1 does not rise up to 1 it is a slow decay as r bar becomes larger and larger. So this is 1 this is the plot of j0 as a function of r bar this axis is r bar and the places where j0 of r bar becomes 0 is also tabulated. So these places where it intersects the x axis this will be of importance for determining the frequency relation as we will see shortly. So these points where j0 of r bar becomes 0 are known and they are tabulated. So you can read them off a table. So the first point is about approximately 2.4048 this point is 5.520 this one is about 8.6537 this point is about 11.7915. Similarly you can look up in a table the further zeros they are in general an infinite number of them they are all countable they form a countably infinite set this is j0 of r bar. How does y0 of r bar look? y0 of r bar is also an oscillatory function however it has a divergence at r bar equal to 0. So it looks like this is a divergence it is a logarithmic divergence. So it diverges logarithmically at r bar equal to 0 and it goes to minus infinity and because r bar equal to 0 so this is y0 of r bar this is r bar. Now you can see that if we have a function which diverges at r bar equal to 0 in our solution that is going to cause my eigen mode to become unbounded because my eigen mode represents the amplitude of oscillation this would imply that the amplitude of oscillation at r bar equal to 0 the center of the membrane would also become unbounded that is physically not meaningful and so in order to keep things finite everywhere we would like to set the coefficient of any function to 0 which diverges anywhere within our domain. This implies that when we determine these constants it is it implies that we have to set c2 to 0 and that is because y0 of r bar diverges at r equal to 0. Note that j0 of r bar does not diverge within the domain and so we are allowed to retain it that eliminates two things that takes care of two things it eliminates a problematic term which would otherwise diverge it also determines one constant of integration or in other words c2 is equal to 0. So this term is set to equal to 0 and my eigen mode is just proportional to j0 of r bar. So now let us continue from there and let us impose now the boundary conditions which basically says that the membrane is clamped at the edge. So we have found a of r bar is c1 j0 of r bar and if I open up r bar and write it in terms of r then it is j0 of omega r by c. Now we also have to satisfy the zero displacement condition at the edge of the membrane at all times. So this implies that a of a when r is equal to r is 0. This will ensure that eta is 0 at all times at the edge of the membrane. If we substitute this here this implies c1 j0 of omega capital r by c is equal to 0. You can immediately see that this is c1 is not 0 in general so the only way to satisfy this is to find out at which points j0 is 0. As I said before these are the points at which j0 is 0 and so this form a countable infinite set of points at which j0 is 0 they are tabulated and so we can write that when omega r by c is equal to 2.4048, 5.52, 8.6537 and so on. Then this boundary condition is satisfied. This you can immediately see that for a membrane c is fixed because c is determined by the tension force per unit length to the density the aerial density of the membrane. The radius of the membrane is fixed so we have no control over c and r and so this essentially ensures that omega is a certain multiple of c by r. So you can see immediately that omega is a set of numbers dot, dot, dot into c by r. Once again we get a discrete set of frequencies at which this membrane is allowed to oscillate. There are a countable infinite number of them like before. So this gives us our frequency or dispersion relation. So in general I will write the omega as omega m where omega where m will go from 1, 2, 3 up to infinity, omega 1 would be 2.4048 times c by r, omega 2 would be 5.52 times c by r and so on and so forth. Now for each such omega m there is also an eigen mode. I will call the eigen mode as a m of a m of r bar and this in general is c1 of m. I can drop the 1 now because there is no 2, c2 was set to 0. So this is c of m j0 and this is omega m and omega m r by c and what is omega m? So if I call these values, so if I call these values as, so this is alpha 1, alpha 2, alpha 3 and so on. So omega m is basically alpha m c by r. So then this is the constant of integration into alpha m c by capital R into small r by c. The c and the c get cancelled and we obtain alpha m small r by capital R. You can see that the argument of j0 is still non-dimensional as it should be. Alpha m is just a number. It is the number in this set. So alpha 1 is 2.4048, alpha 2 is 2.5052, 8.6537 is alpha 3 and so on. So these are our eigen modes a m. Now we know that the most general solution like before is a linear combination of the eigen modes multiplied by e to the power i omega m t and summed over all possible values of m. Let us write that down. So the general solution is eta of r comma t is m is equal to 1 to infinity, some constant of integration c m into j0 alpha m r by r e to the power i omega m t plus c m bar, a complex conjugate of c m. The eigen mode remains the same. And then I can collect this because the eigen function is real. So I can pull it outside and then switch to real notation where the coefficients are also real.   I can write it in terms of some other constant. I have chosen those to be a m and b m.  They are not complex constants because we have shifted completely to real notation. Once again how do we determine these a m's and b m's? They are a countable infinite number of them. How do we determine them? So we substitute initial conditions. If I substitute t equal to 0 in this, this just becomes, let me write the a m outside. And eta of r comma 0 just tells me what is the displacement of the membrane initially at time t equal to 0 at every r. So this in general would be some function of r which would be given to us. So this forms one infinite series. Similarly, just specifying the displacement is not enough. We also need to specify the velocity of the membrane at every r at time t equal to 0. If I do that, then I have to take the derivative of that expression. So let us use this expression. And if I take the derivative, you will see that the sin term becomes cos and the cos term becomes sin and then if you substitute equal to 0, then the sin term which became cos will be the one which will survive and there will be an omega m outside.  And this function would be some other function g of r. You could set it equal to 0 if you want, but you do not have to. You can even specify an initial impulse to the membrane in the form of a velocity everywhere. So given two functions f of r and g of r which represents the displacement and the velocity of the membrane at time t equal to 0, these infinite series say that these functions can be represented as a series of Bessel functions. This is a generalization of the series that we saw earlier. In those cases, we used a series in terms of the trigonometric functions, circular functions. Here we are writing down it in terms of Bessel functions. These series are known as Fourier Bessel series. It is a generalization of the idea of a Fourier series. Once again, how do we determine given f of r and g of r? Note that the only thing that we do not know here are the a m's and the b m's. Everything else is known. Alpha m comes from a set of numbers which are known. So we know what is alpha 1, alpha 2, alpha 3 and alpha 4. f of r and g of r will be specified as a part of the initial conditions. So if you want to determine a m and b m from these infinite series, we have to once again use the orthogonality conditions between the Bessel functions. These are well known available in handbooks. One can use them. We basically say that Bessel functions are, you have to take the inner product and some inner products will go to 0 and that will determine the coefficient of each of these terms a 1, a 2, a 3 as an integral over f r with multiplied by some kind of Bessel function. Once those integrals can be computed either analytically or numerically and all the coefficients can be determined. Again, we have the same feature that in general, if you want our membrane to vibrate in a pure normal mode, we will have to make sure that the, for example, we could initialize the membrane by giving it a displacement which is J0 of alpha 1 into small r by capital R. If we just do this without giving it an initial velocity, then it will vibrate purely in mode 1 and the frequency is something that we have determined. So we have seen earlier that the frequency is given by omega m is equal to alpha m c by r. So in our case, the frequency would be alpha 1 c by r. Note that r and c have to be given to you. c is known to you if you know the equation that is determined by the physical properties of the membrane, the tension that it is under the force per unit length and the density, the real density of the membrane. Alpha 1 comes from that list of numbers that I have written down. So alpha 1 would be 2.4048, the first intersection of J0 with the horizontal axis. So this way, you can determine what is the frequency with which you can predict, what is the frequency with which the membrane would vibrate if you give it a small displacement. We have to remember that all this is for sufficiently small displacements. If you give large amplitude displacements to the membrane, it will show features which are not present in this linearized analysis. We will see some of those things later on in this course. Again, if you give it a arbitrary initial condition, if you give it some f of r, which is arbitrary, that f of r will have projections along each of the eigen modes, the various J0s for alpha 1, alpha 2, alpha 3 and consequently the coefficients a1, a2, a3 and so on will not be 0. The resultant motion may look quite complicated because the membrane is moving simultaneously in a superposition of many normal modes. The resultant motion will look oscillatory but not necessarily periodic, just like before. So we have now looked at various kinds of things and in the next class, until now we have looked at vibrations of linear systems governed by ODE's and PDE's. In the next class, we are going to move over to a non-linear problem.


What's going on guys welcome back to the channel critical overload here So we're mostly gonna be recapping the pilot episode of the Jeepers Creepers TV series in this video But before I get to that there's two things I want to talk about related to Maxine and also related to scream 7 now Ty West's Maxine has begun filming or at least 824 has let it be known that it officially is filming via post I saw on Twitter with a license plate that reads Maxine and a caption reading day one now Maxine We know stars me a goth as the titular character Halsey Kevin Bacon Moses Sumney Elizabeth DeBecky John Carlo Esposito Bobby Cannavali and Michelle Monaghan now John Carlo Esposito is reportedly set to play a CD agent type for adult film and zealous actors Elizabeth DeBecky Plays a director Michelle Monogin and Bobby Cannavali are LAPD detectives with Kevin Bacon as a private detective and again We know that this film will dive into talking about the commentary of course talking about the adult entertainment industry most likely and diving into the dangers of underground filmmaking and exploring Maxine Post-ex and how this is gonna probably be her same the same outcome that Pearl had that Pearl was trying to warn her About and that's gonna play out in this movie cannot wait to see that jumping into scream 7 Deadline is reporting after helping relaunch the screen franchise The film making collective known as radio silence has signed on to an untitled monster thrill at Universal Pictures The script was written by Steven Shields with revisions by Guy Busek Radio silence was actually eyeing this as its potential next project following the first screen pick This means screen 5 but given how successful screen turned out Paramount wanted to move fast on a sequel and quickly got that film into production Now with scream 6 breaking records radio silence turns his eyes to getting the secret monster movie off the ground and Lined this up as its next feature now I've already seen the assumption that this must mean that they are not actually gonna be back to direct screen 7 I will say this I don't think they'll be back But that's not what this means they could be about to film this very soon because remember the rumor is That allegedly Paramount wants to have screen 7 filming this fall in October at the latest So if they are going to be working on this as their next feature, that's fine That doesn't mean that the feature after that can't be screen 7 That's just in some important context to remember there now I do think that this film does potentially have a chance to start shooting closer to the fall when they Allegedly want to have screen 7 filming because radio silence also wants to do escape from New York So there's so much that's up in the air as far as question marks I don't want to write this off as a guarantee that they won't be back though But this could be the project that keeps them from doing screen 7 If they are not working on it sooner rather than later and Paramount wants to fast-track another screen sequel but again jumping into Jeepers Creepers so Jeepers Creepers the series episode 1 just Recapping that for you guys and giving you the gist of what would have gone down in that episode and yes This is from the serious creator so Jeepers Creepers episode 1 Would have begun in the Wild Wild West and what I can assume is some early po-hole County area The Creeper rides into town on a black horse sits down in a bar Everyone inside of the bar is paying attention to it because they they all think at this point that it's some mysterious man Who might be looking for trouble I guess or just someone who's easy to pick on The Creeper doesn't even respond when asked what kind of drink it wants from the bartender Two men end up beginning to harass the Creeper and this builds into an all-out brawl inside of the bar with a few people Drawing guns the Creeper dodging a few bullets killing a few people in the bar a cowboy or two a father and son duo Do manage to survive? I believe the son was named Jason The significance of this opening would have been us witnessing how the Creeper got its classic coat that it wears Thus this scene is revealing that it got its coat from a bar fight Something that as I'm saying this to you is a call back to Izzy from Jeepers Creepers 2 because you remember how Gizzy Izzy was rumored to have been involved in a gay bar fight or some type of gay bar incident, but Then the pilot episode would have continued 23 years into the future taking place after Jeepers Creepers 2 and we meet Trisha Jenner again with her son Derry who was named after her brother We know who is narrating about the 23rd spring story that Trisha has shared with him over his life at this point Trisha has this terrible constant nightmare of the Creeper taking her son the way it took her brother 23 years ago Derry is supposed to be visiting his father who lives out of state. I would assume Because Trisha has booked a flight for him to get out of town while she is planning to go see the Taggart's and help kill the Creeper While it's still hibernating we are then reintroduced to Jack Jack junior and Jack senior at the Taggart barn Taggart and his son discussed Trisha coming out to help make sure the Creeper doesn't return the money She's given them to support the farm and the two actually briefly contemplate on why they decided to profit off of the Creeper Instead of killing it with fire when they had the chance now at one point Taggart thinks he sees the Creeper move Which prompts his son to come check on him again We are introduced to two new characters in this pilot episode named Greg and Rowan who are who are about to spend their time Uncovering all the Creepers other secrets in this large cavern which houses our cathedral that belongs to the Creeper They uncover dead bodies stitched together similar to dairy in the first film which prompts them to grow curious and investigate even further a bunch of people travel out to the Taggart barn to see the Creeper burn to death and Some of those people will be Giselle and Sergeant Tubbs from Jeepers Creepers one What was supposed to be a secret has become a known event in town because Jack junior told a few farmers He reveals this during a conversation with Trish Some people even say they are willing to pay to see it burn because the Taggers are actually a little bit upset There's so many people are here Trisha eventually arrives with her mercenaries in tow and argues with the Taggers about why so many others are here Which is explained to her by Jack junior who says that the Creeper has harmed more than just them Giselle and Tubbs share a brief reunion Dairy is unable to get on his flight during this episode and Trisha has a scare with him while she's on the phone With Dairy because she overhears two men driving the Creeper truck and that familiar horn makes her think that that's the Creeper coming after Dairy Now the episode ultimately ends up ending with those two men driving the truck out of the impound named Manny and Bob And again, I believe they were taken it from the impound They are killed by the Creeper who has returned for his 23rd spring feeding Bob is killed first And Manny is killed second with the famous battle axe that the Creeper loves to use Manny's death concludes with the battle axe flying out of his back into the Creepers hands Which is something they did actually end up doing in Jeepers Creepers 3 So we have that telekinesis on display in the pilot episode of the series that could have been I don't think we'll ever see this happen The Creeper ultimately ends up walking up to his truck Seeing it for the first time in 23 years kind of embracing it and kind of just saying hello old friend that's what I was taking from this and Dairy gives another voiceover to conclude the episode so the episode ultimately ends with the Creeper Reuniting with its truck and then it will go from there in this series now Keep in mind if you're someone who's read that cathedral script you'll recognize that a lot of this was mostly just that cathedral script The initial parts broken down into being the pilot episode That is what was playing for Jeepers Creepers of the series from Victor Savill, but of course for obvious reasons He's probably most likely never gonna get to do this You guys can let me know what you think about this down in the comment section below If you haven't already of course make sure you subscribe turn on post notification I never miss a video in the description. I'll have links to my social media accounts I'm on Facebook Twitter and Instagram you can message me there Of course, let me know if there are any movies news or reviews you'd like me to cover in the future And with all that in mind guys, I will see you in the next video


Yeah, we on boss talk one on one. You know, we know your story, but viewers might not know your story. So we want to go back to when you were a little boy growing up. Did you always want to play football, you know, or your only child, single, you know, mom, dad, we need to know everything. Okay. She going back down. Right. Right. Right. I'm going to keep it short. In Horn, we're just growing up. I played football. You know what I mean? I was always the little guy. I was never a big guy. I knew I was faster than others. I knew I had more ability than other people. You know what I'm saying? So at the end of the day, I didn't think it would translate to the NFL just because like you saying, eat my size. At that time, when I was growing up, I didn't, we didn't have like little guys to look at. That's right. You know what I mean? It was always Michael Irvins and Calvin Johnson, these big guys and I'm not a big guy. So I wasn't thinking about the NFL. So I was thinking about going to school. Becoming a what? I graduated information systems. So my daddy was a tech guy, a developer in encryption. So password keys and things like that. So I do have, I can do that. But at the end of the day, guy had a different story for me. And when high school came, long story short, my mom had passed. So in 2006, she had passed. And I kind of, I gave up on football. I gave up on life in general. My life had paused. I wasn't going to school. I wasn't doing too much of anything, you know what I mean? But what brought me back is kind of, I just used her death in the sense to kind of motivate me in the way it happened, her having an aneurysm, her telling me that night, her telling me that night that she won't always be around for me. She won't always be around to, to wake me up in the morning. To be that mother figure in my life to tell me, Taylor, you need to do this, this, and this. My grades was bad. I'm hanging out. I'm doing stuff that I, you know what I mean? I wasn't supposed to be doing. And for her to pass that morning after her, like whooping my butt, like she gave me a whooping that night. Like she stayed around just to tell you that. Right. Right. She gave me a whooping that night and to wake up that morning and she gave me $2.  I did. I got that. $2. Yep. I'm not, she's, it was just kind of weird. You know what I mean?  Ian was so crazy, man. Maybe five minutes later, she died. Wow. Yeah. I remember me and you going back to that, you know, in here after that, me and you talk briefly about it. Yeah, we did. You know what we did. I talk about God a lot to you too. I don't know if you remember that. But I'd always, because that's, you know, that's who I am. But at the end of the day, I just thank God that I was a part of your life during that time. And man, you had a dope friend, y'all had a dope system too. Yeah. You know what I'm saying? And you was always applying. You had the right crew. You had the right crew, man. There's something positive in my life that was going on at that time. A lot of people don't know about that. A lot of people read about that by me. But a lot of people don't know kind of what I went through, that mental struggle of like my faith and where my motivation comes from, where my drive comes from. And so after that, I go the, I'm thinking I'm about to go to TCU, you know what I mean? LSU was stuff like that. So another roadblock, my grades aren't good because of that year that I took off. So my SATs, we, I didn't have anybody that went to college. So I didn't know about SATs and ACTs. So my SATs wasn't good. So now like all my offers are gone. I can't get into college. I can't do what I want to do. So now I take this one drive to West Texas, Abilene Christian. Never heard of it. I knew about it. Never heard of the city. Never heard of what was going on out there. Country. Country. Very country. But I'm glad that I went. I think God put me at a Christian school because that's what I needed. It grounded me because I was kind of lost as a man and as a person. But it's a really good school though. It's a very good school. But people don't really know that because the school I used to go to Southwestern Christian college, all the kids come from that school and go straight to Abilene Christian. Yeah. Yeah. It's a very good school. And we used to go to church every day at 12. Yeah. They used to make us go to church. That's dope. And I needed that, man. I needed that type of structure.  I didn't do anything. I played football. I worked. Did y'all do Bible classes? It was a requirement? Yeah. We had to do Bible class. So it was like in a class. Like, man, if you cheating this class, it's like, man, I was scared to cheat. You know what I mean? Exactly. Like, do I cheat in this Psalms Bible class and talk about Moses and Jesus? It's hard to cheat. You know what I mean? Yeah. Yeah, we on Bostalk 101.


Testing testing. Can you hear me? I have no idea how to share the screen Start sharing screen Launch install have it installed. Let's see. Let me know if this works Can you hear me at least? Can you see you so much anchor welcome everyone nice to be here beautiful sunny day in Manhattan? Hi there. Hello, Sean some old names in there people have been following me for a while. Well, welcome today We're gonna talk about three things required to be a successful trader. So As I was saying, you know when you start this journey and you want to Trade and obviously the goal of trading is to become profitable a lot of people begin and they start out and they lose Money when they start out. So can you hear me now? Can you hear me there? Can you hear me better now? I'll try to talk loudly. That'll be easy for me Anyways, can everyone see the slide is it big enough to see and can you hear me? Good morning. Good morning Okay, great. All right Very well. Welcome everyone. So my name is Melissa Armell. I own the stock portion today We're here to talk about three things that you can do to become a successful trader Obviously, you're starting this journey and you want to make money in the market and that's the reason that people train However, many people when they start out fail. They lose money. Why? Because they're not prepared for really The focus that's required to become successful in the market all the things that they have to think about a strategy We're gonna talk about some of these things here today. So if you're interested, this is me You can watch me in Fox business Fox news CBS news. I'm also on talking about the market and You know, I very often talk about the fact that if you're in the market long-term right now The market has been holding the uptrend. We've had a very bullish start to 2019 I believe it continues, but the markets are very volatile right now. You can say news You can say this you can say that but the fact is that volatile markets though Mean if you want to become an active trader that you have Opportunity you have huge opportunity to make money when the markets are up and down and up and down because as an active trader You can short and you can go long. Okay, so if you'd like more information, you can always reach out email me at Melissa at the Stockswish.com or call me at 929-3200 Gatt.  I think it's good to take a step back and say, okay Well, why what what is the piece of the puzzle here that I'm missing? There's really no golden nugget necessarily in trading where it's just one thing It's never really about one thing. Some people say well, I'm feeling because my discipline I'm feeling because I don't have enough money and if I could if I could risk more money Then I know that I'd make it if I if I just had more money to do it not necessarily Okay, you can make money if you risk $50 a trade you could turn that money over want to make $50 a day and $50 a day is What's $250 a week and $250 a week is $1,000 a month and many people are not Making an extra thousand dollars a month in the market. They're losing that or more. Okay, so if you're not Succeeding take a step back. The market's gonna be there tomorrow The market will be there June 1st the market will be there in the future You don't want to keep bleeding money if you're losing and it's very important to take a step back Re-evaluate and actually we're coming into a holiday week a holiday period. It's a good time to take a couple days off I'm personally I'm taking some time. I'm not even gonna look at charts for a minimum of four or five days Maybe a week. It's good to just step back and reevaluate. Are you on track for your goals for 2019 financially? Are you doing what you need to be doing? Is this even what you want to be doing at all? Okay, or maybe you're not trading and you're thinking about diving into it and you're trying to evaluate all these things You're bombarded by all this information and you're trying to figure out. Okay. Is this something that I think I might want to do Well, we're gonna talk about that today too. Okay So anyways, what three things do you need? Okay? Can you my sounds going in and out? Can you hear me? I'll try to sit a little bit closer to the mic Is that better? Okay good So what three things do you need to be a successful trader one? You need a winning strategy, which we're gonna talk about in a minute To you need a mentor to follow daily definitely makes it easier for you Rather than hanging out there by yourself in the wind. Okay, and three motivation I have no shortage of this for myself and my life But unfortunately, I can't bottle up my own personal motivation and sell it and give it away if I could You'd all be rich. Okay, so motivation, which we're gonna talk about at the end is really Something that comes within you. Okay, but it's certainly something that you can find Within yourself. Okay that even if you're not motivated at all today If you've had hard times and you're feeling down and depressed You can turn that around and you can turn it around in a split second. Okay, and that is something that is fully on you That does not have to take a long time. Okay? So let's talk about number one a winning strategy. This is very important It's interesting when I found out about trading when I found out about the market It was 11 years ago And I always thought that you had to go to school and if you had to be in finance You had to work on Wall Street to make money the market. That's not true. That's not true at all Well today's electronic trading you can live anywhere in the world and as long as you have a brokerage account and an active Setup where you can plug into the internet and get live price times and take trades with your active account and See charts moving a real-life time you can trade you do not have to live in New York Even though I do you don't even have to live in the United States You can train the US stock market and live in Africa if you want so it's a great thing So there are many people that are interested in trading the US market simply because of the reason I talked about at the beginning the markets very volatile you get big moves momentum And there's lots of money in the US market and that makes for good trading again You got to get it in the right direction So talking about one of the prime things that you need you need a strategy so my personal strategy is gaps I only do gaps It's one of the reasons I've called this market so accurately because I'm reading the gaps in the market now you can say well There's support. There's resistance. There's this or that. I have a lot of moving averages here Well, not a lot, but I have a few here on this daily day chart But ultimately you can't just buy support and short resistance in a market like this now although April 1st through I mean a January 1st through April 30th 2019 pretty much if you bought every support level in the market you made money or strong stocks But that is not the case normally and that's not the case since May 1st And it will not be the case between now and the end of 2019 So a strategy is something that's not just buying support and shorting resistance even in following the trend of certain stocks It really has to do with looking at price action Okay, so what I'm doing is I'm looking at price action and again and not only that I'm looking at it and predicting Where it's gonna go in the pre market which the pre market the US open has a pre market and a post market So the market opens at 9 30 closes at 4 o'clock every day. Now. What does that mean? It means that any stock that moves or trades that go off after 4 o'clock and before 9 30 a.m. Are happening in You know many many stocks. Okay, we don't trade penny stocks We trade usually stocks who you would know of and again I say the market, but this is the SMP ETF But they're happening overnight and who is making trades overnight or who is making trades in the morning Who's moving stocks like Home Depot which cap down today and it's now rallying who is doing that? Well, sometimes it's individual traders taking positions in stocks Sometimes it's big funds big banks big traders with big size and when they take positions in those after-hours They create something that's called a gap now. I'm gonna show you this is very basic here But I'm gonna go over this today. What is a gap? So it's not gaps when the difference between the close and the open is a different number It could be as different as a penny. All right, but that doesn't mean if it's a penny different that I'm trading in But literally anything that's a difference between the close and the open is Considered again. There are stocks that gap up. There are stocks that got down now We're looking here at the spy. This was a back from last week This is Sunday. This was Friday into the Monday the market gap down May 13 And we had a drift off here this day. So on this day here This was the Friday the spy closed at a number whatever this number was here to 68 and change boom open in the morning Another yeah, there was two. No, it was 286. I'm sorry here. No 288 288 and change It was sorry. I have it so small and then we opened down here around 282 and change So we gapped down six dollars plus over a night from Friday to Monday So this was four o'clock. This is 930 So what I do is I see this in the market in the pre-market before 930 and I rate it using my strategy And again a strategy is something that you follow Specifically do not deviate from and you use it to determine what stocks you will trade each day What time you will take them and in what direction? It's not like you're just looking in a casually into the open and trying to determine if something's a long or a short So I'm determining if somebody's a long or short before the market even opens and not only that what stocks I want to watch it doesn't mean I'm taking a position before the open But I'm determining which ones I like before the open and that really helps you. Okay Somebody has a question here. I'm actually Melissa. I think it's gonna be on a little bit. I think later on men Will you buy only when a gap is up? I I am looking at always rating Per my system. Okay, if you want to look at a gap up, we can look at a gap up here Here was a gap up in the market This was back at the beginning of April the market close to your gap up the market close to your gap down So this is a gap up as a gap down I will only look at the direction the gap is going to determine what I'm doing with it So for example, if I'm gonna go long, I'm gonna go long gap up if I'm gonna short I'm gonna short a gap down, but I'm not shorting every gap down. I must be clear on that I am not shorting every gap down and I am not going long every gap up I go through a system a strategy. That's we're talking about here reviewing What a gap is is only a part of it the rest of it You would learn in my class, which is an entire weekend 16 hours It's a it's a checklist that tells me that the gap is going to hold hold meeting hold the gap itself whether rally or drop and so Therefore you can look at gap ups and you can look at gap downs But I still rate it because I'm not going long every gap up and I'm not sure I never gap down Home Depot is a great example. Home Depot is a perfect example. I talked in that in chatter TV today. Home Depot gap down But it wasn't a short. However, I wouldn't have gone long it. Okay Now I'm not saying if you're in Home Depot for the long term if you're in that stock if you're long the stock as a swing trade I'm not saying that it's not a good buy, but I wouldn't buy that stock today Okay Make sense So anyways, we're just talking about what is a gap right here? We're not saying how to do it That's in the class, but I'm showing you that I'm focusing only on Gaps and nothing else although I do prefer to look at gap downs I do look at gap ups so either one is fine And I'm also very focused on the first time of the day out of the open first 30 to 60 minutes Into the open is a very important time of the day. It's important for the market It's important for stocks. That's where you get a lot of momentum and movement You could just trade the first 30 minutes of the day and make money and quit every day and just set an alarm off at 10 a.m Eastern time where you just stopped trading you literally could do that because most stocks have big moves in that period and The ironic thing is that many many day traders don't even look at anything or even trade until after 10 o'clock They're scanning for the first 30 minutes, and then they're looking to get in things at 10 or later I'm usually done by 10. That's not a rule that I kill something at 10 Baidu was a great example Baidu fell all day yesterday You could have played it all day, but the but in an ideal world We do get in and we get out quickly Okay, quick means really between 9 30 and 10 a.m. Eastern time So what I focus on and one of the most important pieces of being successful or becoming successful is you have to have a strategy You have to have a system Okay, the system that I utilize I created and I'm looking to predict the Direction that the stocks gonna make for the whole day whether it's up or down I'm also looking for a big move on the day Preferably preferably okay the bigger the move the better the more money you're gonna make okay I'm also looking for early confirmation of the bias and that means between 9 30 and 10 a.m And I'm looking for precise entries with follow-through and a good risk-to-reward target potential And we're gonna go over some of these trades here today But you know you don't really know until the stock opens what it's going to do So I have an idea where I think I want the price point to set up But again, I'm not Treating in the pre-market because to me that's a little wild and you really don't know what a stock's gonna do until After the open you also have more volume on the open even though there are many many stocks And the market is one of the things that you could look at and you say you know what there's enough volume in the market And the pre-market sometimes that you could trade it okay, but that's not something that I focus on I feel that there's more risk associated with focusing the after hours or in the pre-market But my process is I get up in the morning and follow my system boom boom boom I don't deviate from it again this whole entire system that I do I teach in my class But I'm telling you and what I'm trying to say to you is it's based on gaps Which is something very specific it's way more specific and Detailed than just looking at support or resistance and while support or resistance have their place in the world of trading Okay, specifically in technical analysis It is not that be all end all and this market has been choppy since May 1st and In fact, it's a great example Why you have to be more specific about the choices that you make than ever before I'm talking about right now and pretty much through the summer and possibly we could see this volatility go into the end of the year Okay, so while it may have been very easy from January 1 till April 30th to to Trained specifically if you were long strong stocks of the market that isn't that was not normal That was an abnormality and that's not going to be that way this summer And it's not going to be the way this way at the end of the year So if you want to be successful you have to have something that you can do all the time That's something that you can use no matter what the conditions of the market are whether the market is higher whether the market's lower Whether the market's rally whether it's dropping you want to be set up so that you can be successful No matter what the market's doing and not only that no matter what the trend of the market is So right now like I said the market's in an uptrend even with the drop-off We had in December the market held the uptrend But if we had fallen it wouldn't matter either way my system is something that's applicable in any market conditions Which is why it's so important to be aware of the fact that when you're training you have to see what's going on in the sectors You have to see what's going on the markets. You have to see of what you're doing is going to be affected by anything else We live in a time in a world that's very interconnected right now based on social media You have the president of the United States that sends a tweet and stocks can fall off a cliff or the market You need to pay attention to what you're doing and one of the reasons that I like gaps too is because of the fact You know that we're not in them that long Now again by do we're going to talk about in a minute and that was a trade that lasted all day But in an ideal world miniatrate and out boom five minutes ten minutes fifty minutes And then whoever tweets whoever does anything at all. It doesn't really affect anything. We're out. We're done. Okay Someone's asking a question about read several articles and got gaps eventually filled. That's false We have time if we have time here. I think I have till noon If we have time at the end of the presentation Dan, I will pull up my charts and we can talk about that Gap bills do not work. It's not part of my strategy Although there are times when a stock will push back and look like a gap fill It's really not that doesn't work consistently as something to use in the market to make money And in fact, it's very dangerous sometimes for people actually if we have time we'll talk about HD Because that's one today that reversed and that People could say well it filled the gap false. So if we have to I'll try to see where we're at here I think what time is it 1120? I think we'll have time to go to my charts and we'll look at HD because that's a good example It's a great example actually, but remind me. I'll you remind me of that when we get into this a little bit here Anyway, it's the point. I'm trying to make about one is Number one is to be successful. You have to have a strategy and it's important because you want to make money And if you don't make money, then you're not going to be in this game long Okay, hard to sustain yourself and do this for months and weeks and years if you're losing and I mean who you know Then it becomes emotionally debilitating to where you're funding a losing endeavor for yourself and who wants to do that? Okay, that's crazy. So it really is about the consistency and so focus focus focus of the consistency So how do you make money in the market consistency in the strategy? You have to have a strategy that has a high win ratio. You have to know how to apply it Okay, and it's about the focus on one thing so I'm focused on one time of the day one strategy Which is gaps the rating system which again is what I teach in the class And this is a nice career if you've been thinking about doing it because you can work from home as I said earlier You could live it anywhere in the world now if you don't want to do this as a career if you love your job Okay, or if it's something where you just want to do it on the side for extra money That's fine, too You don't have to you know throw your whole life into trading again going back to the example of 50 bucks a day If you made a thousand dollars a month, that's an extra $12,000 a year just for something you're doing for the first half an hour of the day That doesn't have to be your career It's just extra money that you could do something on the side and maybe it will develop into a career for you later You you never know okay, you never know where the future can take you you absolutely don't I said keep your options open in life and stay focused on the prize So one strategy is key to be successful in the market and mine is based around gaps But it's really based around Institutional money and gaps so I'm looking for institutional money Okay, and I'm reading the price action. So what is price action? It's called price forecasting Forecasting I'm predicting okay. I'm predicting in fact I'm predicting the market is probably not going to go up and make new highs anytime soon low odds Okay, that's what it's about. It's about odds It's not ever about a hundred percent It was about a hundred percent that we risk all the money we had and every trade that we would take I would have risk my whole account and buy deal and it would have been a fabulous day It was a fabulous day anyways But you don't risk all the money you have because not every trade works There's risk associated with trade you forecast you look at the odds high odds or low odds So when I look at a gap and I use my system of a reach 20 points or more say hi odds Hi odds is it's gonna work low odds if it's under 20 points low odds the market makes new highs soon Soon means the next couple of days and the next couple of weeks Okay, even though the market today is rally and actually the market today kept up. All right So let's talk about price price forecasting forecasting is the use of historic data to determine the direction of future trends Businesses utilize forecasting to determine how to allocate their budgets or plan for the anticipated expenses it just be the same thing as if you had a business and You were running a business and you have employees and you have to buy products and you have to plan their hours And you have to have payroll and you have to pay the suppliers if to plan all of the set You have to forecast it. Are we gonna have that money for this this this? All right, we got to open the store in this time We're gonna close it on this time we're gonna sell this many products and goods and services You need to look at all these things and when you're treating you say, okay I have a goal my goal is that I'm gonna risk $500 and turn it over one my goal is I'm gonna risk $500 I'm gonna make $500 my goal is I want to make this much money a week Okay, my goal is I want to make this much money a month or a day. Okay? I only say it's good to I call it chunking it out But that's a good way because a lot of times people come and say oh gosh I how am I ever gonna make 200 granny you're doing this. I don't even know that's just so crazy of a number Break it down. Okay, break it down for yourself because not every trade is gonna work So you have to look at it as a whole and you say, okay with this many trades loses and this many win Then how much do I have to make per trade in order to achieve the results? Okay? So it is about price forecasting and reading institutional money and and that's what we have time Hopefully we will to bring up that HD chart because the reason the gap fill the gap fill Thing it's a fallacy and it does not work because you know ABC hedge fund in you know downtown or in Midtown in Midtown Manhattan is not looking at a chart this morning or any morning at all and saying well Let's see. Let's let's buy this stock today to fill the gap That is absolutely not what they're doing that is not how they think they would laugh you out of the office If you even talk like that or wanted to go apply for a job there, okay?   It's your fun. It's it's Dan's fun. It's Alyssa's fun. It's a meds fun It's your own little fun now that fun may have $2,000 on it that fun may have 50 grand in it It's what at whatever you have in your trading account But the goal is you're gonna build that fun But you think like a person that has a lot of money if you want to get there, you know You whatever that movie is build it and they will come okay You have to have that kind of mindset and again this goes back to the success aspect of it If you were running a business and you wanted to be successful You wouldn't just you know run out and say well I'm gonna start a business, but I have no idea what I'm gonna sell well That's the whole point of trading trading people run out and say well, I'm gonna trade. I'm gonna make money in the market I don't have a strategy. I don't know what the heck I'm doing what strategy I'm gonna do But I think I'll be successful.  What is the purpose of the business? What are you doing? Okay, you have to know what it's about why you're taking the train have a specific strategy And one of the biggest mistakes the traders make is they think they think that they have a strategy I talked to people on the phone, but they don't they say well, I buy supported doop-a-doop-a-doop I buy the a period moving average or whatever. Well, that does not consistently work if it did It would be so easy to trade and so easy to make money and as a result. Guess what? No one would make any money Okay, because the very essence and the idea of trading is that every time you win You're taking money away from someone else and that's why the smart rich people are making money at the top And they're making a lot and everybody else is at the bottom and it will always be this way from now until the end of time And that kind of thinking about the gap fill fallacy thing actually makes that even more so in many other fallacies Which we don't have time to talk about today because I only have an hour Okay, but as a as one person in the market You can be successful, but you have to think big Okay, and you have to think that you have a lot of money and trade like you do and like it's very important And that someone gave you $10 million because you wouldn't want to lose it. You understand now Let's look here at a gap. This was a gap this morning. This is a gap that I just clip this This was the pre-market. This fell out of the sky. It was KSS and This again gap down. So here's where closed last night. This is KSS over here around 63 and change boom Gap down fall of a cliff boom boom boom again. Here's where it open. So what I need to have opening like 55 whatever Okay, but the stock ended up gapping down, but here is the movement. I'm showing you this We're talking about gaps in the pre-market activity. So here you have it. This is what this is a big fat red bar Okay so this is this is a lot of Selling here and that's how the stock got down here by the time it opened because it closed all the way up here and It opened all the way down here. You say, well, how did they get there boom? It sold off like a banshee Okay, and but this will happen and I'm showing you this here before 9 30 All right So then here is the live day. This is a one minute chart Again one minute chart close of kss up here at 4 o'clock boom gap down in the morning again Here's the open so I don't have the data over here, which I just showed you So I take it off and mean you can keep it open if you want anyways boom Here's the sell-off right into the open rallying Boom could have shorted it again here. This is a short. You shorted here. You shorted here Okay, so there was two quick shorts in this again when before 10 am eastern time Here's 10 o'clock you could have shorted it here stock price dropped could have shorted it here stock price dropped Okay, I don't know where this is right now But two trades in this kss this morning if you wanted to short it and again you see this here This was all the gap that's happening here or did happen in the pre-market So sometimes stocks gap at night sometimes a gap in the morning. Uh, I forget what's out tonight.  I don't know what they're gonna do And again, you don't take positions in anything until you Wait and you see what it does. Okay, but those are two names that I'll be watching between the tonight and tomorrow morning And it was let's talk about baidu baidu really has been the gap of the month here for The stocks were show live trading room great play on friday great play on monday great option trade I don't have the option trade in here, but called a great put in this and they stock close to your gap down So this was thursday Thursday night into friday fell on friday fell on monday So you see here this nice sell-off the follow through the continuation and this is baidu So again, I get up in the morning and I look and see and I see baidu is here or thereabouts Actually, when I got up in the morning baidu was like around here and then it fell like ten dollars in the morning It just kept falling falling falling So again You look at this and using my system You would rate it and if it rated good enough to short you would short it And it did boom boom and you could have done it two days in there now here was yesterday's baidu This was a day trade option was already on from friday stock close to your gap down fell drop boom You could shorted it here very quickly out of the gate Boom got the drop. So if you look at this here, okay, this around here is around estimate around 121 ish Okay, stock fell Drop drop drop drop dropped, okay down in here 118 and change So this was a beautiful beautiful beautiful drop-off in the baidu. So you would short this Okay, again, you're not you're not looking to You're not looking to go long this in this bounce You would be looking to short this, okay And this was yesterday, but you could have done this friday You could have done this monday again. I don't know what this is doing today But you wouldn't go long baidu you would either short it or you would do nothing Okay, so again the strictness of the system and following the system And and and looking at it and saying, okay, I definitely see what's happening here. I understand it I'm going to do what's right. I'm going to follow it through and that's the best thing that you can do Okay, strict strict strict strict and I know that there's so many so much different information out there And again going back to price forecasting I focus on technicals If you are a person that likes to read the news or sometimes you see a gap Or you see a stock movie and you say well the earnings the earnings were really good on this but it but it fell Oh, I think I'm gonna buy it. No, you can't trade based on news or fundamentals You have to trade based on the price action because that's what's real and that's what's happening live Now sometimes the news of the price or the price action will match up Sometimes the fundamentals will match up with the price action But not all the time Not all the time and that's why it is very very important Okay, when you are looking at something to be accurate and for me price action because it's instantaneous tells me what I need to know Okay So I know people love fundamentals and I know they love news and stuff like that But you can't you can't predict using fundamentals where something's going to go You can using price and it's live price. Okay, we all can see Whatever buy do is trading out today. There's nothing there's nothing that we don't know We can see it wherever it's trading everybody can pull up their platforms and see it whereas news events Things that happen in earnings reporters. There's all kinds of other things going on behind the scenes that we don't know We're not privy to that information. So very difficult to make decisions based on that kind of information. Okay Anyways, here was the first play in buy down The short was 121 boom A thousand shares eggs at 1910 even though this ended up going down to 1850 and change 2100 out of the gate. So again, your risk is Determined based on each trade that you take you size yourself It could be a different share quantity, but you're always looking to size yourself for the monetary risk the same Whether it's a dollar whether it's two dollars. Whatever you want to risk. Okay So again, this is determined by the size of your account and how much you want to risk So if your account has $10,000 in it, I would say risking $2,000 would be too much I'd say if you have $10,000 an account, maybe you want to risk $500. Okay And in this case here, if you had did the buy now and risk 500 bucks, boom You got a drop you would have made 500 bucks give or take depending on where you got filled out Okay, so this is a good trade and it doesn't even look like much. It's just boom boom boom Literally you were in it and you were out of it in less than five minutes and that is what I do very well I'm looking for this every day. Okay. KSS was very similar that today's two Now there was a second play in bayou because it happened a full day. I'm going to go back to the daily chart in a minute The dream target for bayou yesterday was 117. It basically got there and it ended up I think the loan of the day was 117 11 Which was very late into the day, but there was a second entry in this 1930 short 2000 share risk exit 117 50 3600 bucks So again, you can see how the numbers can come when you have stocks one that move till you get the direction right and three was size Most of my trades are shorts. What percentage I don't know off the top of my head It's more than 50 percent more than 60 percent more than 70 percent a big percent Not all of my trades are shorts I've had more loans in the market this year than I can even name apple We did that was a long when it had earnings a couple two weeks ago or three weeks ago But most of the stocks that I do are shorts. I don't know the exact percentage Let me go back here to the daily So again, this was yesterday So you did the first one boom you get out you could be done But this had a second one and later down and it was obvious it was going to get to the dream number And it basically did so you could have done a second trade in this here So again, it's rare that I'll look to do something a second time or even trade all day But sometimes it's just there. It's screaming at you and you just take it. Okay Now number two, what do you need to be successful? You need a mentor to follow So, you know, you can trade by yourself completely alone in your own world But I will tell you that you have to have a strong personality. You have to be very strong willed You have to be emotionally strong. It's hard to do that for many many people It's easier to follow someone else someone else helps you focus Someone else gives you the confidence and conviction to say, okay, yes I like Baidu Melissa likes Baidu. It's good And that is one of the benefits of being in the live trading room with me So having a mentor to call the live trades to say 10 by 30 or whatever the numbers are when I give them When I call the trades live helps you it makes it easier for you a lot of people lack Confidence in their ability to trade even people that trade and risk money every day for years Some longer than I'm even alive Okay, so Again having someone to follow that's very good at what they do It just makes it easier for you and anything that you can do to make it easier for you Trust me. You want to do so this is a journey that if you start out And you're learning from someone and you have a mentor it makes it easier for you It doesn't mean that you're going to be with that person forever It doesn't mean that you can't trade by yourself at some point But at the beginning it definitely helps You're going to have a learning curve everybody does there's no one that knows my system But me unless they've done my class so the thing is that even if you've been trading for a long time And you come and learn from me you're going to learn gaps in a new way And so there's a learning curve, okay How long it takes you to learn it one day one week one month one year is totally up to you But the idea of having a mentor and someone you could call on and talk to an email To to ask questions and follow and get the calls like Baidu It it helps, okay? It just makes it easier for you because there's nothing that you're going to do to take away the fact that when you place a trade You're taking risk whether you're risking a thousand dollars a trade or two thousand dollars a trade or a hundred bucks It's still money and you're putting it on and you're placing the live trade on and therefore there's a chance that you could lose Yes, you can make money, but there's always a chance you can lose and so it's a fear factor for people And so when they are when they have somebody that's helping them and giving them the confidence and conviction and calling the live trades again Just just saying yes, that's good, too I knew I liked that and now that melissa likes it. I definitely know I like that one It it just helps you it helps you mentally because there's no way you're going to get around the fact that you have to take risk But to me I call it calculated risk, but that's where the system comes in that was number one If I rate the gap and I rate it rates well like baidu I say well the system tells me it's good So therefore I have the confidence in the system That's why that's number one number two is the mentor and the focus now for me. It's just the personal focus that I have Uh, I met as a question Melissa listening to first time never saw anybody so much confidence Listen, I'm ed. Do you think that I could go on live national tv and talk about the market if I wasn't a confident person I am a very confident person But you know again, I've been doing this same thing and nothing else for 11 years, but thank you for the compliment Um, it's the sackswush It's just the sackswush Okay, um, and again these trains here are on the one minute This is a one minute chart. This is a daily chart So I rate the gap on the daily chart and then this here two is the one So we're we're looking at a big time frame to determine the directional bias for the raining But then when I'm taking the entries, I'm getting in on the one minute. Okay, because again, we're day traders As a day trader, you're in you're out. You're in you're out. You have to be flat before four o'clock eastern time Okay, so you have to be you have to maneuver yourself and we're obviously we're looking to take, you know size So we're in and out on the one And it was getting back to what I was saying here about education It's there you have to look for value in the education that you're getting and I and I get this all the time effect I was so honest with the one guy that said to me last week.  You have to ascertain yourself if you think that person knows what they're doing or not There's no guarantees when you sign up for a class and you pay for it There's no guarantees in life. There's no guarantees when you take a trade either and you must know that going into it So you are either going to create your own system from scratch, which is what I did Which was a long hard tough journey, mind you, okay Or you were going to learn from someone else the fact is that there are people that know how to trade There are people that know how to trade that actually teach people There are people out there that are successful doing this and you can find them and you can learn from them It doesn't mean that everyone is but it's the same for anything you do Okay When you have to think about it just in very common sense terms just because you've had bad experiences in the past If you've taken classes and spent money and you haven't learned anything from those people It doesn't mean that every person out there is bad. It doesn't mean you're never going to learn from anyone. That's ridiculous Okay So again, you have to think about it in a very common sense manner and say okay Either I'm going to create my own system or I'm going to learn from someone else And you may have to go to several different people before you find a good person So every once in a blue moon someone does find me who has never traded in their life They come to me. They have a good experience to do well right away. That is rare Okay, I have people a lot of them that come to me that have done classes in the past and lost money They didn't learn anything and then they come and do my class So, you know, if if you're the rare bird out there that you've never traded before You're in luck because you're not going to learn any of the bad habits The gap fill stuff that somebody else had said you're not going to learn any of that stuff that does not work But that doesn't happen all the time. It is rare But the people that do come to me that don't know anything at all really have a great shot because they don't have any bad habits Now if you've traded in the past and you have bad habits, you kind of have to just wipe them off and say I'm just going to move on. I'm going to move forward. I'm going to let this whole thing go I'm going to just open myself up to a whole new world of thinking and I'm going to trust that this person Melissa knows what she's doing and then you do it Okay, the higher choice really though is to learn because it does make it easier for you It's like again, you can't be in my head. So the closest thing to being in my head would be to do the class Okay, and so, you know, that's where you learn you learn the information and you learn the system So if you're a beginner, it does not matter at all. You could be a beginner and know nothing and I can teach you How it's really the crux of everything I do is the rating system, which is a 26 point system And again, I get this question often. How long does it take? It's really up to you You know, it's it's how often it's going to take you to pick up the information and do it You know, I do think it's important to be in the trading room every morning money through Friday I do think it's important to to pay attention in the class to ask questions You know very it's interesting, you know at this point in my life I've taught so many people of so many different ages And so many different walks of life. I've had the business out for seven years plus You know make it fun, you know going back to school.  Okay as adults we say, well gosh, I have to go back to school to learn this thing I hate this thing. No make it fun. Listen, if you're going to make money, it is fun So put the time put the effort put the energy and put the money into it because you have to do this thing And you have to embrace it and say I'm embarking on something new. It's going to change my life I don't know where this is going to lead. Maybe I'll do it and I'll work for myself Maybe I'll be successful and I can quit my job and do it full time. Maybe I'll do it when I retire Maybe I will do it and have extra money that I can go on a vacation. Maybe I'll meet somebody. Maybe I'll meet a girlfriend Maybe I'll meet a boyfriend. Maybe I'll get a job on wall street. You don't know you have no idea What doors will open for you once you step into a new world? And so you really have to step outside of the box of yourself if you've been doing this and losing and look at it in a new way Uh, you know, it's it's like people have this stigma around trading that I've been doing this for a while and losing That it's a stigma of losing. I wrote an email about this the other day People can when they think of trading they have to think of it about winning You can't think of it about losing now every time I take a trade. I don't ever think that I'm going to lose Now while there's a chance that I could My confidence is such that I don't think that I will ever lose But I put the stop in I put the stop So the stop is like the insurance this protects me because the trade might lose and some trades I take do lose But I never think that they're going to if I thought the trade was going to lose I wouldn't take it You understand what I'm saying? So that's where the confidence comes in. That's where the conviction I call it 100% conviction I don't believe in any trade. I'm going to take it's gonna it's going to fail But I put the stop in just in case it does but I don't think and think and think and think and worry about it Okay, you take the trade you put the stop on you let the trade play out and it goes where it is Okay I do I use scanning? I don't use any artificial intelligence the most intelligent thing I could use with my brain, which is me Uh scanning I just have the scanner that comes with the platform You can buy an extra scanner if you want, but I found that it's duplicates I don't use following your bands. I use very few indicators. Just what I have on the chart Um I think that's it for the questions. Okay, uh and number three number three number three last but not least is motivation Okay, so you must be motivated this comes within you Maybe you're motivated to make money because you want to buy nice stuff a new car Clothing whatever go on a vacation. Maybe you're motivated because you hate your job Maybe you're motivated because you work too many hours and training really the market closes at four I mean even if you wanted to trade all day at four o'clock you are done So, I mean there's many reasons why people embark on this path for me was pretty much all of the above I'd like to make a lot of money I was tired of working too many hours of my real estate job doing mortgages And I didn't want to work seven days a week anymore. I liked working for myself So it was like everything and I wanted an endless stream of unlimited income where the more that you risk in the market The more that you can make of course you have to be good But I do think it's important to know Why are you doing this? Decide what you want. What is your goal? What is your motivation? How much money do you want to risk? Okay, how much money do you want to make and what's it going to take free to get there? And what are the proper steps like write it down again? I I said this earlier about 200 000 a year Again, you may need to make more money than this to support yourself. Maybe you need to make less But either way whatever the amount is I say break it down because it seems sometimes so overwhelming for people It's funny. It's there's no amount of Numbers that you could say to me that I would think is overwhelming but I I I live in New York Okay, so, you know, there's a lot of wealthy people that live in Manhattan So, you know to say 250 000 a year that doesn't even cut it in New York Okay, so it's you know, you could you might live in a place that you only need to make 50 000 a year Okay, whatever it is Take that amount that you need to pay your bills have a nice life And be relaxing your trading with your risk and divide it per month and per week and per day Whatever amount that is for you, okay? And it will vary from person to person Then you take the amount of money that you can put in a trading account and you say, okay Well, if you need to make a thousand dollars a day and you only have $5,000 in a trading account, how are you going to do it? Well, you're not going to be able to do it Right away You're not going to be able to risk 25 percent of your account 20 percent of your account every day So you're going to say, well, I have to grow this 5 000 account into a 25 000 account And then I have to grow the 25 000 account into a 50 000 account And how is it going to take me to do that? And how much am I going to need to start? And this is where the plan of action comes into place deciding where you want to be So many people want to wait and wait and wait and wait and wait Wait till they have this much money and this much money. They'll be waiting forever I'll be long gone before those people even have the money that they need to go You start where you are right now you learn it you do it you grow it And the confidence that we're talking about comes by then looking back and saying I did it If you started training today and you took a 2000 hour account and you doubled that account in a week And if you tripled that account in a month, you'd say I did it a round of applause for me And that is how you get to the point where you build your own confidence And then you don't need me anymore. Okay, but until you get to that point until you're there on your own until you're fully independent And that's why it's good to have someone in your life that will help motivate you that will help teach you and will help guide you Um John is talking about his girlfriend. Thank you, Sean. Anyways, let's talk about tiva. This was another trade here I'm just going to quickly go through this Because I do want to bring up hd Tiva was a trade back from this was the monday two two moneys ago Not this past monday, but the previous monday stock drop fell boom You could have shorted it here right out of the gate again and you could have shorted it again here You see this beautiful sell-off that happened in this stock So here is tiva on the daily chart again. It's a gap always looking for the gap down stock close to your gap down fell Okay, so again, this is a short this down here is the volume So you can see tiva had a lot of volume on the day now i'm using this as an example in this to show you How size can make a big difference So this was a cheap stock 7 000 shares you say that's a lot now the irony here is the stock ended up going ridiculous So it went more than a dollar or i think 11 9 year something was low from the entry of 12 82 But the quick morning exit was around 12 60 12 58 ish I think it went down to 12 55 in the a.m But this stock ended up going like almost a dollar And 7 000 shares is a big size But i'm showing you here how you can play the morning with size make a thousand bucks made 1800 bucks and be done quick So let's see how the size here and the exactness here i've seen it predicting It's going to drop you can make this kind of money very quickly Although As you see here if you held this this did really go and you could have made well more than that I mean you could have made almost seven grand from the entry So you know you never know But i think it's better to do two trades like in the buy do rather than take a morning trade and hold it Or you take the morning trade and you get out But even a small move like this not even 30 cents you can make money, okay Anyways, it's about the strategy. It's about the focus having a mentor And that's how you're going to become successful and the motivation and the motivation really comes within you But a lot of times when you get down you have to kind of motivate yourself So I say think about the things I said today think about of trading for you if you have questions you can call me um The website's www.thesocschwisch.com. I'm ed Anyways, there are challenges to trading of course But there are also many benefits and for me I always felt that the benefits far exceeded the challenges and I don't think there's anything in life It's not challenging where you could make a lot of money. I mean, let's just get real So anything that you want to do if you really have the goal that you want to work for yourself Work from home make a lot of money It's it's not going to just fall into your lap out of the sky Okay, even if you come to me, you must listen to what I say. There is a cost for my class It's an entire weekend out of your life that you have to listen and learn So, you know, there are things that you have to do There's effort that you have to put into it But ultimately I say if you're doing this for yourself, if you want to be successful If you want to work for yourself, it's a great career. So my system is called the golden gap It's a class that I do once a month You will learn the 26 point professional bearish gap rating system And the purpose of the system is to help you evaluate which gap to trade each morning using a checklist The checklist tells you what to trade when Where to get in and what direction and it predicts the directional bias in a stock This is the meat and potatoes of what you learn from me and how I call the trades in the live room So the next class is june 8th and 9th It's 59.99 us dollars classes online. If you want to sign up, you must email me Melissa at thestockswish.com. I also do a trends course. The trends class is the 10th You can save sign up for both and save $500 class tuition is $64.99 for both two classes classes online I'm doing a memorial day offer through may 28th You receive the options newsletter and the live training room free with the class through 831 So you cannot join my live room unless you do the class So this is a nice offer because you'd get the entire summer You get the options letter, which I've had some really nice calls in by do was a put as well as the day trade You would also get the room Monday through Friday and you'd learn and do the class june 8th and 9th But the deadline for this is may 28th. It's the day after memorial day Um here i'm at i'll write it in the room just here. Here's my email Sorry, I do tend to talk fast. Um, just here's another testimonial from marty And we talked about chunking it out. We talked about education less stressful when you follow someone And again, you know the idea of spending money and education is very important because you'll lose it in the market And you'll lose an endless amount in the market Um Any questions here here? Let me pull up hd Can everybody see the chart Disney up Let me know if you can see hd Actually, hold on. I want to see what the market's doing right now before you Oh my lanty uh here here. Let's talk about the market because I want to talk about this right now And then we'll go back to hd. Here's a great example. Here's a great example So you cannot Go long Every gap up perfect example today Market and the spy gapped up gapped up over the apiary moving average, which is the black line Here gapped up and you think well the student this should be at 289 If it was getting bought by who institutions, but it's not it had a baby move a baby move in here So and a gap up like this you say wow look But it's not going anywhere at all.  I wouldn't be surprised if we closed looking like this But anyways noon almost 12 o'clock here after a day where the market gapped up You say well, okay, so you can't go long every gap up and you can't short every gap down So that's why the rating system is critical now. We'll go over to the question of the gap fills Actually, let me look at this here too And this diamonds are falling Let me look at apple Okay, let's go to hd um anyways Someone was talking about gap fills or whatever you could say this is a gap fill But the fact is now i'm going to take this off pretend that's not there I should let me blow it up. The fact is hd Barely gapped down at all this morning. Then all of a sudden Literally like 10 minutes right before the open the stock open was down here So it was like one it was almost like one seller came in and just made it open there It quickly lifted around and got bought so the reality was you can call us a gap fill if you want again I would never have gone long the stock today, but if if you wanted to go long hd Again, I wouldn't go long it today But hd is a good long actually why the stock is very strong I'm talking about overall looking at the bigger picture here of the stock It's one of the strongest stocks in the market. Why the stock made brand new all-time highs last september The stock held up very well for the last two volatile weeks The stock probably would have went back up to the highs if it wouldn't have been for the fall-off in the market With the tariff news the reality is this is a strong stock So it's getting bought today, but it's not a gap fill. This people want to buy this stock They like Home Depot this they like the company Okay, again, whatever the earnings said whatever doesn't matter, but the fact is institutions are in this long So the fact that you've seen us today doesn't even surprise me whatsoever In fact, I kind of predicted it in shutter But the fact is that I didn't short this today But I wouldn't go long in here either because again, I'm strict with the system and a gap down But I might change my mind if I see a gap up in this that I like that rates will at some point between now and the next You know a couple of weeks But you wouldn't take a new entry in this today As an overnight as an option or anything and I wouldn't do as a day in trade because not high level conviction Because the fact is there was a possibility that the stock could have sold off today Where it opened it did not it did not it got bought But you can't say that this was a gap fill that you would have wanted to do because that just again makes no sense The fact is that hd is a strong stock The fact is that institutions are long the stock the fact is that they bought more of the stock here today into the open It could have gone either way The fact is it hardly got down at all based on the earnings report, which actually wasn't even that bad This stock isn't an uptrend You don't say gap fill if you if you are worn buffet And you can buy every drop off that you want to for the rest of your life and not care about whether or not It keeps falling and go long hd today But I can't tell you that this doesn't drop again until it goes back up to the highs When you're an individual trader you have to learn how to play where you're going to take a trade It's going to be up and it's going to be up pretty quick because you don't have a lot of time And you don't have a lot of money and even if you have a million dollars That's still what you got you got a million dollars So you don't want to be down and lose all of that million until hd goes back up and rallies again It goes back up to the highs so you have to be so good At taking the exact quality trade to know it's going to go right into the money now again This isn't about the fact that every trade I do does but a lot of them do and way more do than don't So that's what you have to think about Because you're only one person you're not worn buffet. You're not a value trader.  You have to look for high odds It was better odds today to short tss Than it was to short hd a short in this would not have worked But not good odds to go long it Okay, and quite frankly the market rallyed this morning out of the gate and lifted this over the high And this could have turned around if the market had fallen now it did not But again the market lists things when it does certain things in whether the direction is up or down It will wiggle and jiggle and it will move certain stocks And thanks for having me everybody and glad we got the sound and everything right any quick questions here at the end Thank you for having me and i have a wonderful seminar today And if you're interested again email me at melissa at the stockswush.com and watch me on tv Very good. Thanks everybody You're welcome


Okay, so I guess let's try this one here. So it starts out giving you the reaction equation, and it's balanced actually. So you don't even have to worry about balancing it, so that's cool. The first thing it asks you is determine if the reaction is a redox or a non-redox reaction. So in order to do that, you're going to have to figure out what the redox numbers and all this stuff. Remember, uncombined elements, like things by themselves, like H2 or Na or whatever, that don't have a charge, they're zero. So oxidation number of both these hydrogens is zero, oxidation number of both of these fluorines is zero. So these are combined, this is a combined element, this is a compound. So the oxidation numbers are going to be different than zero. Fluorine's oxidation number is only negative one, that's it. So if this is going to be negative one and the whole compound is overall zero, then H has to be plus one, like that. So let's just erase that and we'll put the oxidation numbers from the beginning, so H over here was zero, F over here was zero, H over here was plus one, F over here was minus one, that's what we figured out what H was. So did they change or did they not? Yes, they changed, so this is a redox reaction. If you want to think about it, fluorine got reduced and hydrogen got oxidized, if it asked you that question, what got reduced, what got oxidized? The thing that got reduced was fluorine, because it combined with hydrogen. Remember, that's one of the rules, okay? So here, let's just write that down, reduced, fluorine, oxidized, H. Okay, so the next question, it says, what's the type of chemical reaction? Well, you've got two things, right, A plus B, combining into AB, right? That's a combination. So that's a combination reaction. I don't know what these were, A or something like that, this would be B. That's a combination. RXN is short for reaction. Can I erase that part? Oh yeah. Okay, cool. And then the last part, the hard part, is how many grams of HF gas are produced when reacted with five moles of F? Well, it probably should say F2, a bunch of that's a typo. So how many grams of HF? So we're looking for the mass of HF, we don't know. But we do know the number of moles of F2, which says it's, we'll just say 5.00. Well the one cool thing is that it gives you this in moles, so you don't have to convert it to moles, okay? If it gave it to you in grams or liters or something like that, you're going to have to convert it to moles, okay? Why is that? It's because the reaction equation gives you a conversion factor for the different things in the reaction on the basis of moles, okay? So the reaction that you're looking, or the conversion factor you're looking for is F2 to HF, how many moles to how many moles, right? So if you want to write that conversion factor down, it's one mole of F2 equals two moles of HF, right? Because for every one mole of F2 you have, you can produce two moles of HF, does that make sense? Yes. Okay, so that's like your conversion factor, okay? So that's what you're going to put here. Because you're trying to figure out, well, you're not trying to figure out that anymore, what you're trying to figure out now is the number of moles of HF. And from that you can get the mass of HF, okay? But you can figure out the number of moles of HF from the number of moles of F2, okay? So how do we figure that out? Well, we just use our conversion factor, right? Moles of F2 times what? My conversion factor. Well I want moles of HF, right? So I'm going to put two moles HF to one mole F2. Where did I get that from? Remember, I got that from the coefficients of the reaction equation, one to two, got it? Hopefully you can see moles of F2 will cancel out. So we get the number of moles of HF is going to be five times two. I didn't bring my calculator today but I'm assuming that I can do that in my head, hopefully. You can do that in your calculator in a few, if I got it wrong, tell me. Okay, so ten moles of HF, I'll just keep it at three sig figs for right now and the whole thing is going to have to be at three sig figs. So that gives us the moles of HF, right? That doesn't give us the mass of HF. How do we get the mass of HF? Well, we need to figure out a conversion factor, right? Another conversion factor. So we're going to have to figure out, well what is the conversion factor that goes from moles of HF to grams of HF? You know what that is? What is that conversion factor called? The mole or mass? We call that, right? I know you know, it was on the tip of your tongue, right? So how would you figure that out? We've got to get the mass of H and then the mass of F, right? So let's just do it this way. So we'll say 1.008 is H plus 19.00. So the molar mass of HF is going to be 20.01, and that's grams per mole. Remember, that's the kind of text message way of writing it, right? So you can write it all on one line, but we don't write it that way in chemistry. That's our conversion factor, right? So we've got 1 mole of HF, right? This is grams per mole of HF, if you really want to say, right? Equals how many grams? Well, it must be 20.01, correct, like that, right? That makes sense. And then what do we do? So what are we looking for, the mass of HF? Yeah. Well, we're going to take the number of moles of HF that we have, 10.0, moles HF. And do we have a conversion factor that goes from moles to grams? What is it called again? The molar mass. The molar mass, yeah, very good. And to figure out the molar mass, you just add all the atoms up, right? And moles has to be on the bottom, right? Grams at the top. So 1 mole HF is going to be on the bottom, 20.01 grams HF, if you want, whatever, on the top. Cancel. Cancel. And then I just do that number times 10, and of course, to three sig figs. This does not count in your sig figs, okay? So the sig figs were only from here. This is where I got my sig figs from. Okay, that was the only thing given to us in the problem. So if we do that, well, it's going to be 200 grams of HF. But if we leave it like that, it's implying that there's only one sig fig, right? Yes. So let's just put a dot there. We can write it like that, and that can be our answer, or we could write it like 2 times 10 to the 1, 2 grams HF in scientific notation. Either one is fine, okay? So are there any questions before we turn that off?