Good evening everyone and welcome to today's webinar hosted by TraderPlimet.com. Earn 1,000 per day trading with institutional money moves. This is Darla Tuttle and I'll be serving as your host for today's session. The information conveyed in today's presentation is for informational purposes only. It is not a recommendation to buy or sell any trading instrument and the opinions given by our presenter may change without notice at any time. Please also be aware that trading involves substantial risk of loss and therefore may not be suitable for all investors and past performance is not indicative of future results. We are recording this session and will be publishing the recording to TraderPlimet.com tomorrow so you will be able to review the presentation again at your convenience. We've also made arrangements with the presenter to set aside time at the end of the lecture for questions. If you have questions kindly type them within the questions pane so she will have one location to check for your inquiries. Our guest presenter Melissa Armo founded the Stock Swoosh LLC in December of 2012. The Stock Swoosh LLC is an educational firm that empowers traders with a complete and detailed system to become profitable. Melissa Armo graduated magna cum laude from Gettysburg College with a BA in philosophy and a minor in Latin and political science in 1994. She was employed for several banks and brokers in Pennsylvania, Florida, Arizona and New York as a mortgage broker for 17 years. She changed careers from banking to pursue a security trading career in 2008. A self-taught day trader with seven years of experience, Melissa's specialty is a trading strategy that focuses on shorting stocks that gap. It is now my pleasure to introduce Melissa Armo, founder of the Stock Swoosh LLC. Thank you TraderPlanet for having me today. Welcome! It's a beautiful gorgeous summer day. I'm glad to be here today to lecture to everyone and hopefully you will learn something today. As Darla said, my name is Melissa Armo and I own a company called the Stock Swoosh LLC. And today I'm going to talk about learning how to trade on the side of institutional money. And really it is about following my lead because I trade actively. I trade money Tuesday, Wednesday, Thursday, Friday. I am a day trader. Many people hear day trade but the strategy that I do every day can be used for day trading and also for swing trading or poor trading. Now the thousand dollars a day though, again I'm talking specifically about making money as a day trader. So if you have any questions you can reach out and email me after the webinar at Melissa at the stockswoosh.com. I own my own company and I started trading gosh at the end of 2008. It's been seven years now that I've been trading which it's hard to believe or ever think about my life before I traded. I really, really love the market. And we're going to talk today about day trading. So maybe you've thought about day trading in the past and you've wanted to make money day trading but you've never really sat down and seriously thought about doing as a career. When I was doing mortgages, I was making good money and I was doing mortgages for a long time and then all of a sudden in 2007 and 2008 the mortgage industry changed. And I had to find another career. And the fact is that you can make a career out of day trading. The nice thing about it is that I trade very quickly in the morning. I'm trading in the morning time frame. And the reason that that is important is because that is when institutions are putting positions on in the market into the open and then also taking them off. So if you find that specific time frame to trade, you really can make a career out of day trading. It's just that many, many people tend to go into the market and train and they start trading at 9.30 and then they're done at 4 o'clock.  I don't think of my job as a day trader like that. I think of my job as a day trader to go into the market to look for a move that an institution is going to make in a stock. And then take the trade in that stock on the day and then stop and then be completely done. If you've never thought of trading like this or you are trading now and something's not working for you or if you're even losing money in the market, you can always move forward. This is never too late. This guy here is stuck in this box but he doesn't have to stay stuck in this box. And I find when I talk to people and I can relate to them because when I started out trading too, I didn't have a specific strategy. I was all over the place and I was losing too. And I lost money until I figured out what I know now but know that it's never too late. As long as you have your mind and a still a passion for trading the market and not only that, a motivation for possibly finding another career which I had because my industry and doing mortgages was crumbling. If you've got those things, it's never too late and you can do it. So you really have to stop kind of the trading insanity I call it where people just trade and trade and trade all day and they're fighting stocks and they're paying all these commissions out to brokers because they're over trading. I always say, you know, let the market give it to you. Don't fight it. Like sometimes I take a trade and if it doesn't work and then I take a stop and then I'm down then that's it. Then I'm done. Taking one stop and one trade should never damage your week. Okay. And you can always get up tomorrow and then have a great trade. I find that traders keep trading trading and then they add up these losses and they go on these losing streaks and it really mentally. Just it actually takes more of a toll on you mentally than it does even financially. So you've got to kind of just relax and situate yourself and figure out where do I go from here? Okay. If you're in this situation like this guy here, just take a break. And summer's a good time actually to just kind of step back and look at things and be a little more relaxed. You know, people tend to be more relaxed in the summer. But the time is now if you really want to change because you still have six more months left in the year. Okay. Six more good trading months left in the year. So if you're motivated and you want to do this and you want to figure this trading thing out, it is not too late. And even if it sounds like it's too good to be true to make $1,000 a day trading then stop and think again because it's really not. Billions of dollars run through the market daily. So earning $1,000 a day as a day trader is just a small teeny weeny piece of what the market offers on a daily basis. And day trading is a very profitable way to trade. And after you book the money it's yours. It is a highly lucrative and expeditious manner to trade and profit. And you're also not at risk for that law. And the thing is I'm in and I'm out. So I'm really less at risk than even people that are doing overnight. Because of the fact that, you know, I know that I'm out and I've got my money on the day. And even if the trade doesn't work I know exactly what my loss is on the day. It's not like you're carrying it through. Okay. The worst thing people can do and I've seen people do this. They take a day trade. It doesn't work out. It's not working out. They actually hold the day trade overnight and then it turns into a bigger loss. Don't ever do that. That's like a disastrous, okay. Because even a small loss could turn into big loss if you do something like that. And if the trade didn't work on the day, then it's probably not right and will not work the next day through. Okay. So keep that in mind. But anyways, as I was saying, summer is a great time to trade the strategy that I trade because I'm looking at what institutions are doing in the morning. And I'm literally done within the first hour of the day. So I live on Eastern Times and I live in New York City. And so at 1030, I'm usually done. And I have the whole day to myself. And no matter what time zone you live in, to be able to only trade and work an hour and hour and a half a day is a very nice lifestyle. This is your career. So how can you do it? Well, the number one key ingredient to becoming successful as a day trader is having a specific strategy that can offer you reliable and consistent profits on a regular basis. Now, let's talk about this. What I found is that a lot of people when I talk to them don't have a strategy. They think they do, but they don't. So I say to someone, what's your strategy? They say, well, I buy support and I short resistance. Buying support and shorting resistance is not a strategy. It's actually a play. You could enter a trade on support. That would be a trade entry. Or you could enter a trade into resistance as a short. That's a trade entry, but that's not a strategy. So there's a difference. So what I'm going to talk about today is a strategy. Then there's trade setups. I'll tell you some of this today, but it's the strategies, the foundation. And this is where the institutional money piece comes into it. But it really has to do with having a niche and a plan of action of how you're going to proceed with that. If you want to trade like everyone else out there, then your results will be like everyone else. And ultimately you've got to have this edge. You've got to be able to do something different, see something different and have a unique skill. And I've created a method. Now it did take me three years to create the method that I trade now. And I lost money while doing that, but I did figure it out. And now I trade for a living. And I've been trading like this for years. And I also teach people how to do it. So as someone speaking from experience, I'm telling you that you can do it. And the nice thing is that you can do it from anywhere in the world. You could be online. You need a brokerage account and a computer and you can trade. You don't have to have millions of dollars to trade. I was talking to a gentleman last week on Friday who invests high net worth individuals. He invests people's money. And what he does is so much more complicated than what I do. And the beauty about what I do is I have control in the positions I take. I mean, like I could take a trade and put in a stop. That man, when he invests people's money, can't take a position for a client and put in a stop. You see the difference? So we really have everything on our side. We can play on the side of institutions as day traders. We can use stops to control our risk. We can take the money in and out quickly on the day. And we can also take the money out of our account if we wanted the day, if you really want to take your profits. If you make, you know, $1,000 today or $1,500 tomorrow, if you want to take it out, you just call a broker and you can take it out. I mean, where can you get paid in the same day that you make money? Unless you're like a waitress or bartender, but you're never going to make this kind of money. Not even in a restaurant in New York. So one reason, okay, that I do so well is that I have this strategy and it gives me an edge. It's one of the reasons that I've been able to read the market so well. This is a chart of the spy from a couple days ago. The spy is higher. I mean, I don't know if anyone saw the market today. I didn't see exactly how we closed, but I've called the market long every day this week and it's worked. And how did I know that? Because the market actually gapped. And that's the strategy that I trade and we're going to talk about today. I trade gaps. And the market gapped every day in the last week and rallied. And so the market actually gapped down. Now this was like the other week, on this Greece thing, the market gapped down. And sometimes there's a reason for a gap and sometimes it just gaps. This is again the chart of the spy, ETF. But I knew when this happened that on the day it was a short, but it wasn't an institutional short, meaning in the long term, we could over this and we did exactly that this week. And I knew we'd also make a new high, which if we didn't close today with a new high, we will. Now let me just look here at some questions. Actually, I don't know how to pull this down. Let me see it.  Hold on, because I'm going to pull it down. How much buying power does one need to have on the day? I'll quickly answer these couple of questions here. If you want to actively trade, and I'm giving an estimation here, I'm just going to give you a number. To consistently make this kind of money, I would say you would need 100,000 in buying power. So it depends if you have a retail account or a prop account. There's different types of brokers. Now that's not 100,000 cash, that's 100,000 in buying power. For example, you can open up a proprietary day trading account with $5,000 cash and get 100,000 in buying power in many places. I'm not saying you need 100,000 in buying power, but if you want to know how much you want, you need to have to make 1,000 consistently. I would say that's a good amount. All right, there we go. Somebody told me the close of the futures. So why isn't Edge important? Because it helps you work smarter, not harder. And again, this is how you put yourself out in front. It's very different than my mortgage job. It was like I worked so hard at that job, and I did very well at it, but this is completely different. And it really was hard for me at the beginning, because I did trade for the first, I'd say, two years until four o'clock every day, until it finally sunk in to stop doing that insanity. And I was making money in the morning and giving it back in the afternoon. And making money in the morning and giving it back in the afternoon, and it was insane. It was almost like the harder I worked, the less I'd make. And that's the weird thing about day trading. I'm just telling you, that is a weird thing about day trading. So it has to do with having an Edge and being really smart, okay? And you are smart. If you're here, you're smart enough to know to be on Trader Planet's list, to find me. You just have to learn what that thing is that you have to do to go in there so you don't have to work as hard, but you do have to be smart, okay? Now, reading institutional money really gives you an Edge. And here's an example, this is Michael Kors. Michael Kors, I call this the swinging trade. I also day traded this, but I knew the day I day traded this was an overnight. Look at the move that Michael Kors has had. So Michael Kors actually was trading the one night, this is way back in May, and closed around $60 and the next day it gapped down. So now I'm going to go over what a gap is, okay? A stock gaps when the closing price today, which is at 4 o'clock Eastern time with the close of the U.S. market, and then it opens at a different price the next day. So here it opened at 9.30. Whatever the price was at the open, 48 something, I think it was. The size of the gap will vary. It could be small, it could be medium, it could be large, it doesn't matter, but the fact is this gap. So then I try to find these and I scan for these and I have a method then to qualify them and I read them. And then that tells me whether or not this is really a good one or not to not do anything with Michael Kors. And it also tells me what to do with directional bias. Is an institution going to do anything with Michael Kors? Are they going to buy it? Are they going to short it? Are they going to do nothing with it? And that's the method I developed. So in the case of the day here this was a short and it also went so literally from the day before the gap. Look at this. So this is the night before the gap in Kors. This is actually at earnings here. Literally, this stock has lost $20 almost in value. So it was worth $60 and it hasn't lost 50% of its value but it's really getting close. It's like 40 some percent of its value or 30, 35 percent of its value. This is really getting pummeled. So here's a good example of institutional money in a stock. So it really can be easy to make money in the market if you know what to do. It just doesn't have to be hard but you do have to know what to do. You have to know when to do it. Which I'm telling you is in the morning when the institutions are taking their positions and you also have to have a focus. So how can you make $1,000 a day trading? Focus. Just like you get up in the morning I have a cup of coffee every morning. Sometimes I have two. That caffeine helps me get alert. Awake, I have a routine. I focus. Now, this was another trade. Here we're going to talk about before I was looking at the daily chart of Michael Kors. This is a one-minute chart. Okay. So I'm on a one-minute timeframe. You can go down here and see the time. Over here is the moving price. This is QLGC. This is a trade I did the other day. We'll go over this in the seminar except for the fact that I just want to show you on a one-minute chart what a gap looks like. Same concept, same principle. Whether it's on the daily or the one-minute, the stock's still gapped. What is the gap? The gap is the strategy. Okay. So that's the strategy. Not the entry or the play. That's just the strategy. So the entry I take on the one-minute chart, which is in here. We're going to talk about it. But I just want to show you this is still gapping. So here was the close the night before at 4 o'clock. We're closed up here. Actually the clock is in front of it here. Around 13 something and then it came down here and opened around 11 something. So this gapped down. Okay. So the strategy's there. Boom. You've got it. And you have to figure out now is an institution going to buy QLGC, short it, or do nothing with it? But you have the gap. Okay. So what is the strategy? As I was saying, it's gaps. And I called my system golden gaps because they're really gaps that are high quality gaps. Okay. Because they pinpoint what the large institutional money is doing. That is what makes the gap. The professional gaps that happen and play out in stocks are formed by one thing and one thing only large institutional money. Therefore you need a way that will help you pick the correct direction to play the gap and confirm that the large money will flow with it by having a formula to rate and qualify the gap. You get confirmation and then conviction that the large institutional money is on your side and then you play it. And this is how I've been able to call the market. In other words, when I was reading the market and the market had the gap down the other week, I didn't see the institution selling in that gap, in the quality of the gap, even though it was a gap down. So I knew that the power of the side of the strength was still on the side of the bulls for the market, which has proven itself this week. Okay. So gaps are an event and they create a sense of urgency. Thus an action is being forced by participants of the stock. This is why gap trading is incredibly powerful. And so trading gaps is a powerful and profitable way to trade on the side of power money. And power money really is institutional money. Okay.  You're trying to find your food and you have to get your food for the evening.  And that's what you do. Sometimes you're in it and you get the food really quickly in five minutes, the thousand dollars for your food. Or sometimes it takes you 15 minutes. Sometimes it takes you an hour. But you're still in there to get the food for the day as quick as you can. Ideally way, way quick, meaning way before four o'clock. Okay. So what do I mean by institutional money? Again, it's money that's made by banks and hedge funds. Okay. So really banks and hedge funds move the market. Like I was saying, I had talked to this, this man that invests people's money. Okay. What he does is very, very different than what I do. He will research companies, look at the fundamentals, read the earnings reports, and then he'll determine if he wants to get into a stock or exit a stock. I don't do any of that. Everything that I do is based on technical analysis. And it's advanced technical analysis. Okay. So fundamental research is done by institutions. So I don't have to do it. So you don't have to do it. It saves me time. What I'm doing is the price analysis of what the stock is doing right now. Because as a day trader, I have to make money right now. I don't have a lot of time to mess around or wait for the thing to go. I've got to be able to get the directional bias correct, pick the right stock that's going to move, that I can make money and take the trade at the right time with the right setup and get out. I have to be that exact consistently to be able to make money for a living doing this.  Okay. This is no like willy-nilly about it. I'm like very, very serious about what I do and I'm very, very serious about my trading. And that's how I become successful. Okay. So it can't be like, well, maybe this one or maybe that one. No. Okay. It has to be like 100% conviction. You're taking this one. It's a good one. You're doing it. And you have a method to pick it and you're looking for the institutions. So you don't have to worry about the other stuff. And it actually makes it easier for you because you're looking at what the price is doing right now. So reading institutional money really counts. And I had clipped this from today. This is the QQQ ETF. As you see here, this is not an all-time high for the Qs, but it's a recent high that the Qs made today. And many, many people were short this market. Why? Because it did a double triple quadruple top in here. The market's really been basing. To me, it's bullish. But I know a lot of people above the market was a neutral, a neutral slash bearish for the whole years since February, but it isn't. And it wasn't. And yes, we did have this fall-off and drop-off that happened in here in the beginning of what was the end of June, the beginning of July. But we continued. We continued. We made a new recent high today. So reading institutional money counts because you don't get trapped in this kind of stuff where you're shorting the resistance or the double triple top thinking that the market's done, which a lot of people thought even with the grease. And I remember people asking me and calling me and emailing me about this thing here. And I was like, they're like, oh, we're having a huge gap down. And I remember looking at it. I was like, this is nothing. And it's so funny because traders really tended to exaggerate things. I didn't look at this as bearish at all. Well, I don't know what the queue's traded at. I'll look at that later where we closed. So how do you make $1,000 a day training? You focus on one strategy. So what is my strategy, golden gaps? Pick the best golden gap possible each day. So how do I do it? I have a point reading system. It is a 26-point reading system. And that's what tells me what to watch. You need to use a risk amount for a trade of between $400 and $500 a day if you want to make this amount consistently, which is $1,000 a day. Could you risk yes? Of course. But then you're not going to make $1,000 a day. So I'm giving this range here so you know if you want to hit this goal. You take an entry on the one-minute chart in the best qualified golden gap. And then you also do not trade when there are no good gaps. And sometimes there are days when you should not do anything when the market's choppy and there isn't anything that qualifies meeting your parameters. So again here, typically you would want to look at a $500 risk unit. So this R means a risk unit. So if you make three risk units, that's $1,500 in the low end. This is what you're shooting for every day. Some days you get $1,000, some days you get $1,500, some days you get $1,700. This is a range. Like if you take a trade and your goal is $1,500 a day and you make $1,400, you're not taking another trade. You know what I mean? You have to be reasonable. It's common sense. Anyway, $6 is in the medium end if it goes to another bigger target and then obviously $10, when the stocks go to the dream target, if you risk $500 a day, $10 is five grand. So if you make $1,000 a day, you would average approximately $20 grand a month. Some days in there you'll make more than $1,000 and some days you won't trade. So this is an average or approximately about $240 a year. And this is enough to make a living for most people at least that live in the U.S. Okay? So you really, really want to be focused. Number one, you want to be focused. Number two, you want to do one strategy. Number three, you want to pick one direction to play. I always do shorts. That's not to say I never go long, but I prefer to short. I only go long if I don't have a good short. In fact, I've called the market long the last week and some people in the room have done it, but I haven't because I was in a short. But you could have gone long the market this week. Every day on my call I made money in a short gap with me, but I prefer the shorts. Also you need to know number four how to take the entry. Okay? These are very critical elements. They have to be with you. If you can get these critical pieces down, then you can make more than $1,000 today. And you can also risk more than $500 in the trade. Okay? So the system I use is a rating system. It's a checklist. I just go off and I check it, check it, check it, check it, check it. And that's how I pinpoint where the institutions are getting in or out to determine if it's a long or short. Okay? So the rating system really measures the gap on the daily chart. Okay? But then I play it on the one minute. And the rating system tells me, number one, a high probability of directional bias for the entire day. What stock's going to have a big move on the day? Because again, I'm trading stocks in the U.S. market. You can use it for ETS. It also gives me early confirmation of the bias, which I want. Guess what? Because if I don't get early confirmation of the bias, then the move isn't going to be made by an institution. Listen, this is very important. This is why. If you don't get set up by 10, you don't do anything. You don't even waste your bullets. Okay? I've got to get the early confirmation. Because if I don't get that early confirmation, it's off. That I'm not doing anything. That it's not going to work or I go to another pit. Because the institutions have situated before the open what they're going to do. They're not going to just say, oh, take a trade-up 12, 13 in the afternoon. That's not how it works. Now, I'm not saying they won't take more in a position later in the day. If they've already chosen to get into something in a gap. But I'm saying they're not going to not play it off and then jump in in early afternoon. It doesn't work like that. Okay? So I want the confirmation in the morning early. Because that's when the activity happens where it's like imprinted into the gap by an institution. That's how they do it. Okay? This is what I just said was very important. I don't know if anyone's listening to me, but what I just said was really, really important. Okay? Like you could take that information and use that to trade tomorrow. What I just said. I just taught you something there. It's like priceless. All right? This is how the market works. All right. Precise entries with follow-through and a good risk to reward target potential. Very, very important to have risk to reward. Some days it'll be one. Some days it'll be two. Some days it'll be three. But I'm shooting for three every day. You just don't know if the stock is going to go to the target or not. Now, I was saying about following my lead. It's important to have a mentor to follow. I do have a live trading room. I do call out the trades live exactly as I'm taking them and where the stop is and when I'm getting out. And I have the targets and everything in the room before we even trade and the top picks. I only allow people to join the trading room who have trained with me and taken the class. So, it's one of those things if you really are serious about doing it. You know, I'm mentoring people and people are doing well with me. But I think it makes it easier if you have a mentor. If you don't have a mentor you can read books. You can watch videos. You can go to webinars. But it's challenging if you don't have a person 101 to ask questions to because everybody has questions. I mean, really everyone has questions when they're learning something they're learning something to trade. And also success is contagious. So if you have a mentor that's doing well trading successfully calling good trades, making money it actually helps to push you along. It helps you to be motivated to know that a person is doing it that you can implement the strategy like that and do it as well yourself because you're a person too and I'm a person too. Okay? And we're all in this together. So, trading to make $1,000 a day for profit is something that's doable if you have a plan of action. All right? Now, let's look at some trades. I'll try to get to the questions here at the end so we can get through this, everyone. I do see there's some questions. Let me get through some of these things and then I will answer them. I promise. Let's go to QLGC. Well, I did show you the one-minute chart on that. We're going to look at it again. But let's just go to the daily. So I get up in the morning and I am looking for to see what is happening in this stock. This could be anything but this was the QLGC. It closed up here the night before around $14 and gapped down in the morning here around $11 in some sense. So I say, okay, something's going on with this. And then I rate it per my 26-point rating system and that tells me whether this is a short, a long, or no play. Nothing to do with it, okay? And I'm trying to figure out if an institution is going to do something with this thing because if they're not, then I'm not going to do anything with it. And if they're going to do something that I want to do something with it because I want to make money, okay? Because every day I want to make money and there's opportunity in the market. And there's opportunity in the market a lot, okay? But the opportunity really comes from institutions. So I rated this gap and it was a good short and I read that it was going to get sold off. So here it is, QLGC. Now we're on the one-minute chart. The stock opened, tried to go lower, rallied, broke, dropped, fell through the low, rallied back, face, face, face, and dropped again. Now this was a trade that I actually was in for like an hour which is a long time for me because I'm usually in and out in a few minutes, but here was the price of the entry, $11.16. Risk was 35 cents. 4,500 shares was my risk. So this is an advanced risk by the way, okay? This is how much I risk and I put in a stop. So if the trade, let's go back, had gone over this area where I had to stop, I would have been out and my risk would have been contained, okay? And again, this is an advanced risk because I'm trading for seven years. Exit is $10.84, total profit 14.14. So this one didn't really get to the bigger target and it did have a big stop, but I still made money on the day and I got the direction right and I was in and out with it an hour. Boom, my day is done, okay? So here you have it and the drop. And again, sometimes I take a trade and I'm out in five minutes. I wanted to give this a chance. I was giving in a chance and actually this just didn't go to the main target, but I still made money on the day, okay? And any day you can make a common day as far as I'm concerned is a profitable day. By common day I mean anything with a common indie profit, okay? So here's my P&L. That's the money I made in that stock on the day. I wouldn't always ask, you know, I'm a day trader, I trade. I cannot tell you how great it is to be able to make this kind of money and not just have to work from home.  I wouldn't feel serious, but I could if I wanted to, it's a point. And to make this kind of money in an hour and have the entire rest of the day to myself and live in New York City. I mean, this is a dream job of being able to do it. So this is why I'm telling you, you know, you just got to situate yourself with some plan of action to do it because you can do it. I'm doing it, all right? And I've been doing it for seven years, although at the beginning I was losing though I figured this out. Now I know what to do. And now I know what to do. And now I'll always know what to do, okay?  When you find someone that knows how to trade that can mentor you or you figure out a strategy yourself in the market that works. But I know a lot of people don't even know what a strategy is. And that's what I'm talking about. Or they don't have one that works and it can be hard. I mean, I know it can be hard because the market will take money from you if you're trying to figure out something on your own until you figure it out. And as managers, people go through and demos and they say they were paper trading. As far as I'm concerned, it's a waste of time. I never paper traded in my life. I might have paper traded the first day I ever used my account just to figure out how to press the button and then that was it. I tried to live money since the day I started trading except for the fact that I pressed the button. And even the first day I'd buy to press the button when I was figuring it out, you really have to trade live money to know what it feels like, to know the exhilaration and the passion of making that kind of money quick and then also to know what it feels like to lose. And that gives you the weightiness and the experience of doing it. You don't get anywhere trading on a demo. All right, let's go to the next one here. This is ASNA. This closed up here the night before around 1630 something and gapped down. So I look at the gap in ASNA and I'm trying to determine if this is a long or short. And a lot of traders might have thought to buy this on the day because it gapped down to the support on the 200 premium moving average. But I have my rating system and the rating system said, no, wait a minute Melissa, this is a short. And I can short this because an institution is going to come in and sell this stock today and therefore I'm making money betting that the stock will go down. So when you short something you bet that the price is going to go lower on the day when you get in the short. And the only way a stock can go lower is through selling action or shorting action. So this was a short. Now let's look at the ASNA trade. This was a short here. Very quickly I got in this one. Right away it's 931 and it dropped. This one went and was done by 1015 and went a little bit more than the QLGC. Price of the entry was 1425 stop is 1450, the risk was 25 cents. If you short 6000 shares of this it's a $1500 risk. Again this is an advanced risk. I piecemealed out the exit which sometimes I do, sometimes I don't but in the case of this it was a little jerky. So I got out of half at this price and half at this price. And there you have it. So time and trade was 45 minutes. Okay, let's look at it. So I got in and again you can play it down in the full target but I chunked it out because it dropped and then I got out of half and then boom. And then that's what I did. And again you're looking at time of day here. Again you want to see and move the institution between 930 and 10 which is exactly what happened. And how did I know to take this trade in the one minute chart because of the gap and because the rating system told me the 26 point rating system told me as it was a short, not a long. Even though a lot of traders probably thought this was a long and that's probably why you saw some of this action going on in here. Okay. But traders don't move stocks in the way that institutions do. You make money being on the side of the institutions. Okay. Now let's talk about some beginner and intermediate risks. Like if you want to make just, you just want to risk a small amount as a beginner. You're just starting out or an intermediate risk of four to 500 a day. This was another one here. Again this is a gap. This is VNCE. This just was this week. The stock closed up here the night before and then it gaped down. So here it closed in the 13th and here it gaped down in the 14th. So you get up in the morning and you're trying to figure out what to do with this stock. Do you buy it or short it? Okay. It was a short. So again we find the strategy in the daily. Then we look at the one minute chart. Once the market opens I don't get in the pre-market. The stock opens in rallies and here's the short. Boom. And in this case this actually went right to the target in five minutes. Now sometimes this happens. Sometimes this happens actually that happened in the play today. The stock went to the target almost immediately. That can happen. Why? Because when a sell-off comes in into the open it could dump it down and push it right into the number. Like this is all money in here. This is a 50 cent move. And then that's it your day. It's completely done. So the price of the inch was $9.99. Stop was $10.15. This risk was $0.16. So if you're a beginner trader you could risk $160. Take a thousand shares. Exit at $9.50 you would make $490. This is a nice trade. Again I'm talking beginner. And it's in four minutes. That's fantastic. Okay. And if you're just starting out this is very reasonable. Now in intermediate which is where you want to be if you want to make $1,000 a day at least you want to be either from intermediate to advanced you don't want to be a beginner. Beginner person is not making $1,000 a day. You've got to be in the intermediate range or advanced to make $1,000 a more day. So this guy here is an intermediate. He took 3,500 shares of VNCE and actually wouldn't have even needed anywhere near $100,000 in buying power for that. Here let's just figure it out really quickly. Well it's roughly, let's just figure $10. You would have needed approximately $35,000 in buying power. So you wouldn't, I mean I just gave your ruffy when I said $100. This would have required $35,000 in BP with a $560 risk. I knew what I made $1,700 in 4 minutes. I have a range of stocks I trade as far as the price points. The range of the price points I trade varies. I really don't do anything under $2. Most stocks I trade are between 5, I'd say in 65 bucks. It's not like I'll never trade something expensive but I'm not every single solitary day. Those very expensive stocks have very wide stops and very wide spreads. So I mean that's pretty much the range of the price points that I trade in. But I do take size. So can you do swing trades using the Golden Gap and find institutional money? Yes, you can. But not every Golden Gap actually has the ability to go where you could go and hold something for years and years and years and years. Now I will tell you if you're looking to do long-term investing which is not swing trading but long-term investing you can do that in some of these gaps. So some of them are daily gaps that you could follow through swing trades but in some of them you could be in for years. Okay, who knows with that Michael Horst? One of them that you could have been in for years was Netflix. Okay. Netflix really has been has just had an amazing move and everything's changed with that now since last night with what they did with the stock but this was the chart before that and I did call Netflix as a swing trade and it actually was also a beautiful bullish gap. You could have bought Netflix here on the live day and also did it as a swing trade and here I mean there were many days you could have gone long Netflix in here in golden gaps and it was a good swing trade. The call I made actually though on a swing trade in Netflix was in January way back in January and this is way before anyone was talking about anything with stock split or anything the entry was $415 the stock was 380 so the risk was $35 now this is a swing trade okay. The target really was 750 but it got to 716 the dream target was 750 and then it never got there because they announced the split but it did rally all the way up to 716 at one point in the last week so if you had taken this January swing trade call if you had taken this I called it in the room and I also called it as a swing trade in the letter you could have made $30,000 with a hundred shares of that. That's phenomenal but that is the power of institutional money in a stock if you had taken 500 shares you would have had to have the wherewithal to do it an account to do it but you could have actually it's not that much because you're still doing with this buying power although it's two to one in an overnight and obviously if you've got real money and you could have taken a thousand shares of Netflix you could have made $301,000 it had a 73% move from the swing trade call I just gave in January that's you know this is the power of institutions in what I know in moving stocks so what I'm telling you is if you get in the right stock pick that pinpoints what the institution is doing the sky is the limit with what you can do as far as the money you could make not just in day trading but swing trading or long-term investing because when you're playing with the side of that power of institutions the sky is the limit because if they're moving the stock all you have to do is sit back and just make money I mean it's literally that easy but you have to have a way which is your edge to pinpoint which stock is going to make the move that an institution is going to make in it and you also have to know the directional buy is correct and then you also have to get out okay you have to get out when you're up the money you have to know where that is so it really the system gives you a high success rate and that's ultimately what you want so if you're looking to make around $5,000 a week you have opportunity gaps to do the momentum that comes into them okay it's really day trades about chunking it out chunking it out like let's just say you take two trades and you make $5,000 in two trades you could just stop for the week if you want your goal is me okay again it's less is more in reference to trading with the market this idea of a trading doesn't make sense I take one or two trades a day and actually I just talked about this in the room this morning I don't think I'm ever taking more than two trades a day again I'm just not either take one trade and I'm done or I might take two trades that's it and it's rare that I even take two trades okay but it's really about the quality quality quality quality what your trading account should look like is this it should go up directional curve up upwards for the money is piling up to the right okay you're making more and more and more and more and more and more every day so it can be done it's just that you've got to learn what to do and I think a lot of people you know they get excited about trading and they're in the market and they're pressing the buttons and their keyboard and their platforms and they're taking this trade focusing on the quality so I teach a class and then I'll answer questions here the Golden Gap course is the name of my course it is a 26 point reading system and it's used to find the best stock to trade each day the course also teaches you how to enter next to the stock on the day it teaches you price analysis and technical analysis on an advanced level and the course teaches a more proficient way to read support and resistance and charts correctly which a lot of people don't know how to do and the course and really the reigning system helps you achieve your goals because it is strategic and focused and it's very critical to have some of these elements and pieces because you've got to give yourself an edge if you want to get out there and make money so I am empowering people to trade the market through my system it is a full two-day course on how to strategically find pick-and-play stocks that are professional bearish gaps as I said I like to short retakes are free the class is online you can be anywhere in the world and take it July 25th and 26th from 9 a.m. to 5 p.m. Eastern time cost of the class is $34.99 so it's not this weekend it's the following weekend you can email me at Melissa at the stockswish.com if you would like to sign up I am doing a special for everyone that came to this webinar I've never done this before I wanted to give something really great for Darla's people for Trader Planet if you sign up by Sunday four days away July 19th you will sign up for the Golden Gap class you will get the Entries class for free free another whole class I do which costs almost $1500 I will give this for free to anyone that signs up for the Golden Gap course new students by 5 o'clock July 19th this is really a great deal okay and this Entries class is an advanced class I teach the entries in the Golden Gap course but I teach how to do ads I teach how to deal with entries they really really do and I'm really good at that and this again I do this all in the one minute chart but that's how you get the precision to use something to take 6000 shares of the 10 cent stock or 5000 shares of the 15 cent stock it's the precision that I'm getting when I'm reading the numbers of my entries that I'm able to take that much size and put a stop somewhere that I know is not going to go over it unless it fails and if it fails I want to be out of it because again I want to learn today okay this was another trade from the other day I just put in here with the entry another nice short and as I said I do have a live trading room it's open every day from 8 30 to 11 a.m. Eastern time the live trading room is something you can only sign up for if you take the Golden Gap class and I do this because I want people there that are serious about the trading I really want to learn and as you know you know trading is something where you got to be serious about it if you want to make money all the trades you can do this for a career you can make a thousand dollars a day but you have to be very specific with what you do and why wouldn't you be I mean it's like common sense again it's like if I said to you well you'd have to be very specific if you want to make that why wouldn't you then you know that's what's so hilarious when I talk to people and they're just like all over the place I'm like well how do you expect to make any money it's like do you really think you're going to make any money doing like that I mean it's you're going to make money if you're trading the stock in the opposite direction the institutions you're going to lose common sense common sense says if you over trade you're going to lose common sense says if you can find quality you're going to make money common sense says if you take size you're going to make more and how do you take size and how do you take more risk well you got to know what you're doing okay and that's me I just plopped it in there because I had that professional picture alright let's look at the questions here let's open it up alright let me just open everything up here to the questions okay alright let me try to scroll back to all the things we become members is there any way we can follow you step by step with these trades yes in live time I'm going to say 10 by 25 boom and you're going to see the stock and I have it up and I talk about it all morning so you know I like ASNA ASNA whatever I say and I'm going to say you're taking it out and you're taking it out in the in live time it's so easy to follow me I'm I'm the easiest person to follow I know what I wanted to say a friend of mine is in another room he's in another room and he listens he said they called 65 plays last week and I think I guess I called five or six or something he said and I almost fell off my chair 65 plays how can you even follow a room that calls 65 plays in a week even if that room is making money how could you possibly do all the trades and follow them you couldn't it would be impossible do you see what I mean what I'm doing is what I'm doing is unique my room is unique I only call one or two trades a day I close at 11 o'clock I don't trade in the afternoon I'm in charge I'm the only one that talks I'm the only one that communicates with everybody in the room I'm the one that's making decisions what we're trading I'm focusing only on shorts I mean I am that I am that smiley guy there in that group of people because my room is unique my class is unique I mean I would not be making money in the market if I did 65 trades a week that's insane okay and if you're in a room like that I don't know what to tell you um let's go back here one trade per day if I take two it's because I'm in love with something you're learning now and this is what you're striving for excellent quality quality quality it's just like if I'm gonna get married which I'm single right now but if I'm gonna get married I'm gonna get married one time I would have always got married one time quality I want a quality man that's it okay one is all you need one good trade one good man are you looking at order flow to determine direction no I look at volume but not order flow you lost sound does everybody have sound do I use a scanner to find gaps just a scanner on my platform not a separate scanner I don't have to pay for a separate scanner if that's what you mean yes you can have a free one week trading room trial like that does it take the rating system to rate the gap you mean well it doesn't take me long because I've been doing it obviously for a long time if you're brand brand new I give an average between 5 and 8 minutes per gap but you make a small watch list and you rate them so it's not like you're rating 1000 things every morning do you know what I mean like it's hard to go into it now it's like too much detail but the bottom line is you make a small watch list in the morning so you have the couple of them that you're looking at so in earnings 4 you might have 10 in earnings season and in not earnings season you might have 3 to 4 but you would get up before 9.30 and rate them I would say you'd have to start between 8.30 and 8.45 9 o'clock the latest okay because you want to be prepared you want to be ready you want to have your gaps rated if you're in the room I rate the gaps for you and put the information in there but really you should rate your own gaps anyways even if you do the class because that obviously that helps you get 3 to 5 minutes per gap but you have a small watch list you're not rating a thousand things okay so it really sounds like a lot of things which pinpoints the colony but it doesn't take you that long to do them you just look at the daily chart and you're like boom boom boom boom and you check it the room is $250 a month but again you have to take the gap class in order to join the room and I teach you everything in the class so you don't need to be in the room you don't really need to be in the room but what I was pointing out is about finding my lead is that I make it very very easy for people I can't make it any more easy for people so if you want to learn and take my class to learn the system so that someday I go off into the sunset and if I'm not teaching the class again which I won't teach the class forever okay I'm young and doing it now in the weekends but you'll know what to do but I make it so easy for people to be in the room with me because I'm looking at one or two things a day calling the traits live taking them with them telling them everything all the numbers you can make money right after you do the class if you do want to sign up for the room again that's your option some people do some people don't but you'll know everything so you don't need me but the idea of having a mentor helps especially if you're new to trading okay it's $250 a month RL that's what it is you can't you can't join if you're not a member so the market is definitely higher everyone I mean I just want to tell you that the market the market is so and I don't know when it's gonna happen I'm not saying it happens in July or August I don't know it could be September but I'm telling you the market has been higher all year it is gonna absolutely explode explode okay and you know I've seen this through my price analysis of gaps it's how I've been able to read it but I know the market's been tricky and if you haven't kept yourself in check in the last few months as state traders you may be struggling or if you have a strategy on a big day I don't need to worry about what the market's doing if you are looking for the market to get your trades you may be getting crushed this year which I warned everyone at the end of last year but this has been the best year I've ever had okay but you know you really have to have something that is specific and with what I do the market usually doesn't situate itself until a little bit later so I'm in and I'm out so quickly that even a little bit later okay that's again why that time of the day to take the trades to get the move is so important into the open with what the institutions are doing and then whatever the market wants to do the market wants to do I mean like what happened last week like the early afternoon when the market shut down I wasn't even in a trade I was like somebody called me I was like oh whatever I mean I was out in the city it didn't matter to me I never trade in the afternoon I was out I believe it's 2,500 that's at a proprietary day trading firm of which there's a million bazillions will I have the class again yes I will have another class I don't have the dates for the next class yet you can email me I am trading only stocks although a lot of people that are in my room are doing options they are I will tell you you can use assistant for options I don't I don't do that but you could okay thank you you would rate the gap using the 26 point rating system you would not take the same entry meaning with the entry and the stop because you're doing an option you'd have to know how to do the option yourself I'm not teaching you how to do the option you'd have to know how to do that okay but you would be able to pick the pick and get the direction right based on the 26 point rating system method that I teach that you'd be able to do and that is what some people are doing and actually how people do that in Netflix and I have people that are in the market long that was one of the swing trades I did people are still in it they're in it and I know some people have done a couple options in the market call I've made and obviously today they're up okay and since the market is at a price point of those ETFs you know that makes sense for some people you want to hold it you know I like the day training though but you can use the system for swing trades you can use the system for options you can use it for whatever you want to make money it's got to be something that gaps if you buy this to 4x well I mean you could but there's only one gap in a 4x which is because the market only closes there once a week but it's the concept of gaps again it depends where you trade at a retail account there's different requirements than a prop account a retail account requires 25,000 a prop account you can open up an account I think for 2500 I'm not a broker though you really have to talk to brokers to find out those specifics there's only about a Cajillion online I mean you there's brokers are out there like all over the place prop places and brokers honestly all you need is a broker that gives you good shorts and good execution it doesn't matter where you go as long as you get good short access and good execution okay like what I mean like if I press the button I go boop you know I gotta get in so like if I press it I want in that's what I want okay I want to get in as soon as possible I've never traded there I have no idea or thinkorswim is a platform I think or something I've never used it so I can't speak for that when you got trade when you got trade do you start from the pre-market well I start I roll out of bed and start looking at stuff I could be looking at stuff right now I but I don't usually look at night but you could I like to look in the morning so as soon as I get up I look whatever time it is 7 7 30 ish well I get up really just sit down and look any more questions from anyone else it looks like we're almost at the time here thanks for coming everyone thanks so much for having me Trader Planet thanks Darla thanks for staying here in this gorgeous gorgeous fabulous summer night I mean it's so pretty out I'm going out right now to enjoy myself in the city and thank you so much everyone for coming if you'd like more information email me at unlessofthestockswish.com or Darla thanks Trader Planet thank you Melissa enjoy your evening in New York as we do here in Tampa the recording for this session will be posted at TraderPlanet.com's video section tomorrow look for the video titled earn 1,000 per day trading with institutional money moves for those of you who may be new to Trader Planet we certainly hope that you'll consider joining our community as a member membership is absolutely free and you can join by going to TraderPlanet.com slash join this concludes today's program thank you for attending and all of us here at Trader Planet and the stockswish.com wish you a good evening and a profitable trading day tomorrow


Just waiting to get confirmation that we are up and running. Welcome We're doing a live stream here. I thought I would do this one on Micro futures I've had a lot of fun lately trading the micro futures And if you don't know what the micro futures are well first of all what our futures contracts futures contracts are Leveraged way to trade Commodities commodities are uniform assets. So very common Would be like crude oil gold silver currencies and They started out When farmers needed to hedge crops, that's how futures started nowadays. They are still used for that You can sell your future crop using a contract but Because they are leveraged if you're not a hedger if you're a trader or a speculator you might use a futures contract to get more buying power or to to get trading Overnight maybe because futures trade up almost Almost 24 hours.  They open on Sunday night a lot of reasons why you might want to trade futures very Very risky because you're allowed to trade a lot of value for not a lot of money So These these contracts that I'm looking at here, they're called micros and they're newer contracts at least for me They're smaller contracts and in this case I'm going to start off with a micro because I'm doing a lot of micro Russell trading The micro Russell You're controlling five times the index. So it's every one point Which is 1.00 is worth five dollars, which means this is a little more than 10,000 bucks like if I do just a quick I Multiply this by five 10,482 dollars. So this the way I have it here now I multiply it by five you get a better idea of what we're actually trading now in order to trade this This $10,000 worth of risk whether you're bullish or bearish, you know, if you think it's going to go up or down You're only required to put a down payment. So what happens is a lot of Day traders or swing traders or professional traders. They'll use futures just like like this one or the mini or the bigger contract and They like that because they can get 10 times leverage or sometimes more intraday they day traders might even get 40 40 times leverage even even more if you're trading something like bonds but I'm going to focus specifically on on the micros the e-mini and the the Russell 2000 just because I don't usually trade Futures so much. I trade options. I've traded options on futures, but I'm really enjoying Working on my system It's it's a very interesting way to try to make a little daily income Keep you engaged in the market because there are smaller contracts. You can keep your trades very small You as long as you use a stop-loss as long as you have a take profit very interesting way to trade and So we've covered that the value of the contract is about 10,480 and it will fluctuate in November the contract was smaller was Around $8,400 and now it's a bigger contract because the market went up If we look at the margin rates now, I'm looking at trade station They have their margins here listed so it's very easy to use if we look at the mini Russell 2000 Actually, that's that's the bigger contract the bigger contract is $50 a point and The overnight because I like to hold stuff overnight versus day trading This is $7,000 to put it on because we're using the micro that's this one down here the M2k That one is $700 to put on $715 once you put on the contract you have a maintenance margin which which is a little less So to put it on you have to have seven hundred and fifteen dollars in your account to keep it on They give you a little bit of a break 650 net this every broker can have their own margins. This is trade stations margins for Conversation entertainment education purposes, I'm using them I'm For day trade if you have a tight stop you can actually use less money So what's fascinating is I'm an option seller personally. I like to either sell options or own stock or own Long-term leaps like one-year call options for example in the money as conservative as I can But it's I've had a blast trading the futures. I trade with a bias and It's very interesting and so I'm just gonna share some of my findings so 700 700 715 and put it on and then Since we know how much You know it takes to put on you have to you have to think about what's the strategy? Are you gonna be doing a swing strategy? I don't like the future so much for a swing trading for a long period because I Feel like the options do a better job and I have more staying power because if I'm wrong I'm gonna get stopped out So going for a shorter term Trading style Seems to work better for me when I'm trading the futures and the micros and if you look at today Really there was two major moves if you were bullish you would have gotten bullish, but let's say you you got most of the move looks like it maybe 20 points there was a 20-point move to the upside and maybe another Maybe roughly another 20-point move to the downside. So what does that mean? It means that? 20 points up if you were bullish and you caught it perfect 20 times 5 is a hundred dollars and Then if you were a bear at the right time just happened to be a bear at the right time and a drop 20 points That would be another hundred dollars now Maybe that's a lot of money to you. Maybe it maybe it's not but you got to remember. Let's say it's a hundred dollars per day or in one day and you only have to put up 715. Well, that's a pretty big return Because it's leveraged now risk and Reward is two-sided. So if you're short at the wrong time and you don't have a stop You're gonna you're gonna lose a hundred dollars and that's just the way it goes You really have to have a system and a strategy in place, but from a capital efficiency standpoint It's a very interesting proposition If you were just a trade during trading hours For me, it's 630 to about one You'll you get a you get a reduction in buying power so the the micro Russell You it could be 179 They give you a day trading bump or a discount. So if you make a hundred or two hundred dollars trading correctly You may only have to use that much money If you're trading intraday so It really gives people who trade or willing to put in the work and sit in front of the computer and the monitor Gives you a chance to efficiently trade and try to make daily income now Very hard to do but futures do give you that the Buying power and the capital efficiency to try to do it now. Let's see MES. We'll just cover MES oops Let's do M 2024 So this is the S&P Micro E-mini This one is also five dollars Because it's one-tenth the mini the mini is fifty dollars And we'll look at the margin. So because because it's It's probably about twenty five thousand dollars worth of nominal it's called nominal It would be like trading twenty five thousand dollars worth of S&P So the margins gonna be more if you go to the micro ES It's almost double so the micro Russell was about ten thousand and a half ten thousand four hundred bucks the the micro ES is about twice that so it makes sense that the margins around 1200 bucks. It's 1298 If you trade intraday, it's it's even more attractive than the micro so Kind of interesting that it's so low must be a popular product and they must be doing it because they know a lot of people are interested And Is there anything else? Yeah, okay, so another thing to point out is when you are trading futures You have to keep in mind what month you're trading like recently we went from the March to the June and the last week you want to Stop trading The near date and go to the the further back month, which would be the in this case You stop trading the H and you go to the M So every three months you're gonna be switching contracts Let me go back to my favorite the M2k M like if you look M2k, let me just put M2k. It'll give me different months So we have the H which is expiring this week You have the M which is now the active the more the more active more popular Contract and it will be that way until we go to one week Left in a contract and then everybody will run to the September after that it'll be December and then the whole cycle repeats for the next year Just something something to keep note eventually it just gets harder to trade in the last week and then You won't be able to trade it at all Anything else I'll just give some Some thoughts that I that I found M2k M 2024 So I like to trade inside moves Me specifically I like to trade inside moves so an inside move would be like a breakout that doesn't break out And fails and then it drops. This would be an example of an inside move because It stayed within the range. It didn't break out in either direction. It just stayed inside another Another style would be to trade breakouts like baby breakout 2094 that would have been a bullish signal. I don't like to trade that way Especially right now because I have a bias. I have a bear bias so I'm looking to trade to the downside and One of the reasons I love this is I choose my trades. I choose my risk. I Can put a stop market stop market is an order that pulls me into the market. It's like You set a level in this example like if I put a stop market at 2094 if it hits my level it it gets me short and That's the type of trade I want to put on if that doesn't make sense Another way to say it is if I wanted to be bullish the market I can place a buy stop above the market It it only triggers if the market is showing strength and rising so if the market starts to To go through my level once it triggers I'll get pulled in and the reason that's a good way to trade in my opinion is that If the market does what you think it's going to do then you get pulled in But if the market instead never goes up, let's say it never goes to my level and it just sinks Well, then I'm not in the trade. So it reduces your it reduces my risk in my opinion because statistically speaking my trades that are winning will Will go will be my order will be triggered when the market is moving in the direction I think will happen and I will avoid all the losers that never never start rising. So Do with that what you will one more interesting Mention would be that It's better to take smaller profits based on the range of the market. So Like if you look this is the four hour It seems to chop around in a certain range now and some people like to plot an average true range But you can intuitively just look it seems to keep chopping around. What is that like? If we measure high to low a hundred points 80 points 68 points so it would be it would somewhere around 60 70 points is the max that I would expect so I would want to decide to trade within that range like I'm not gonna I'm not gonna put a short at the high at the high level here Whoops, that's in the way. I'm not gonna place a short and place a take profit limit way out because Most likely it will just hit somewhere You know between a hundred and sixty points at least that's how it's been moving until things change You want to keep that in mind? If you're trading for income If you're trading for a crash Maybe you you might do some put spreads by futures From my experience haven't been the best way to try to trade those bigger thesis ideas They're more of like an income generator type trade for me Anything else also the 20 day or the shorter period moving averages Have been quite useful for me I'm noticing that they do seem to respect like the 20 and the the 10 to 20 moving averages Seem to be respected as long as if we're in a bullish move we tend to stay above that so it would be useful to keep that Keep that on your chart like when it dipped below the 20 period average It didn't continue it recouped the moving average and right now we're trading above the 20 period moving averages But when the market is falling like let's look at our T.Y. because it has more trading days If we look at Let me see In a downtrend it stays below the 20 period moving average in an uptrend It tends to stay above the 20 period moving average so It doesn't work perfectly as you can see but generally speaking it's nice to have those because they become self-fulfilling and Like here I would be worried about Being too aggressive on the short side because we're above the 20 period moving average But if we started to create a downtrend then I could be trading bear trades with a bear trend I Think that's all I have for now Didn't want to make the video too long, but if you have a question on the micros on the minis or even the the Futures options, I'm happy to have a conversation and maybe I'll make another video as a follow-up Based on your comments. Thanks for watching


Hi, today we're going to delve deeper into intercultural communication and see how verbal and nonverbal codes affect our interactions. Through our understanding of the various concepts and cultural practices related to verbal and nonverbal codes, we develop our intercultural communicative competence. So first let's look at the difference between the verbal and nonverbal communication through the vocal and non-vocal aspects. So for vocal aspect of the verbal communication, these are our spoken words. And for non-vocal, these are the written words. For non-verbal, the vocal aspect of the non-verbal communication refers to the size, the screams, your pitch, your tone, and others. And for non-vocal, non-verbal communication, these refers to the gestures. We also have oculesics, proxemics, and others. And we will be discussing this throughout our discussion today. In intercultural communication, verbal and non-verbal codes affect interaction. Bremmer highlighted how meaning may be different from the perspective of the listener and the speaker. Thus, miscommunication happens. Hua identifies two factors that create a mismatch in meaning. First, we have inadequate linguistic proficiency. And second, pragmatic mismatch. Have you had any experience where a word choice changed the meaning of the utterance?  Or that the sequence of words changed the intended meaning? All these examples refer to the first factor. So Hua noted that when the literal meaning is different or how something is uttered, this is where tone, your volume, your speed, and the quality of voice plays a major factor, actually changes the meaning. Or that how the listener received the message and responded affect our intercultural communication. Our intercultural communication is affected by these speech acts or levels of meanings. And problems exist when these acts are not in line or are disconnected somewhere between the speaker and the interpreter. Can you think of other examples where you encountered misalignments between the speaker and the interpreter? The second factor according to Hua refers to mismatch that is brought about by cultural differences. For example, in progmalinguistic failure, a native speaker may have a different nuance or usage of a certain word, which a second language speaker may not immediately recognize. A native speaker may have other meanings attached to a word, which a second language speaker may not be aware of. So the second type pertains to violations to cultural norms or rules related to politeness, face, directness, and sincerity. So for example, some cultures frown upon very direct criticism. In the Philippine context, we refer to this as Paligui Ligui or Mabulak Lakna Pagsasalita. And as we have seen, verbal communication affects our intercultural communication. There is another aspect of communication that also greatly affects our interactions, non-verbal communication. So how do we use these non-verbal codes? Some of our, and others, identify some basic functions of non-verbal communication. These are to express internal states, to construct identities, to regulate interaction, to repeat the message, or to substitute for words. So for example, if you want to show whether you are hungry or not, then you can just use your non-verbal communication. You can just touch your belly to say that you are hungry, or you can also use your hands to wave instead of saying hi. So these are examples of our non-verbal communication. Now we go to the types of non-verbal codes. And we have nine codes that we refer to as non-verbal communication codes. First is physical appearance. This is how we dress, how we decorate or present ourselves. And it indicates our age, our gender, our nationality, our ethnicity, our education, and sometimes even our economic status. The second type is called proxemics. And this is our concept and use of space and distance. We also refer to as our personal bubble, or how we use our space for social and public space. And it indicates our relationship with others, our openness to communication and our submission, or sometimes referred to our invasion of others' privacy. The third type is called chronemics. This is our concept and use of time. Some cultures are monochronic. These cultures actually view time as linear, sequential, segmented, they measure it, and they value it.  Others are polychronic, and they focus on relationship. So they do not give value to the time spent, but on how relationships were harnessed during the interaction. Kinesics refers to the body movements. And this includes our gestures, the posture, the facial expressions. And these are the most common used nonverbal codes in our interactions. Next we have haptics. This refers to touch and it varies in amount to the location or where we are touched, the type of touch, whether the touch happened in a public or private setting or manifestation, our relationship with the one who touches us and our emotion during that time. So these aspects of haptics actually is very much heavily affected by our cultural norms. Next we have oculesics. This refers to eye movement, our gaze, pupil dilation. In eye contact, it can show our sincerity, our honesty, our politeness, and even our relations. So we have these terms. We look up to someone higher or look down to others. Next we have vocalics. This is our tone, the speed or the rate of our speech, the volume, the pitch, the quality of voice. And it also includes vocalizations or fillers like, uh-huh, mm-hmm, mm-hmm. Oh, and other fillers that you use when you don't have any words anymore. Next we have olfactics or our smell. And this actually affects how we perceive the other person, whether the person smells good or not. And lastly we have silence. Because even without words, even in silence, it means something. So as we can see, nonverbal communication is very much important in our intercultural communication. Through our knowledge of this nonverbal codes, we would be competent in our intercultural interactions. Thank you.


Good afternoon, everyone and welcome. This is Melissa Armo with the Stock Swoosh, and today I'm here to review Tiff. Is this Tiffany's? Wonderful fabulous amazing store. Anyways, this was a bullish gap. And guess what? I made money in this long, going long, if you can see here, and it's actually red right now. So once again, the fast morning play is the thing to do. I think it is always the thing to do. I think it is the most amazing thing to do. I think it is the best thing to do. And actually you could have played this three times today. I only did it once, but you could have done it three times. I rated the gap. The gap rated good enough to go long it. It wasn't aggressive long in the morning here. I did not do this, but you could have done it and got quick out. It had a big move. Do you see this? This went more than a dollar, a dollar thirty something right away. But it went so fast and I didn't really want to be aggressive on this. I just didn't want to. And I usually short, but when I do go long, I will give a wider stock. Then I was ready to do it here and it hit so hard I didn't get it here. And it went poop. So you could have done it here. You could have done it here. Anyways, here pulled in and I said, this is it. And I almost gave up on it, but I didn't. And then here's the move. So actually I did get the largest move up today that the stock gave. I would lay low on this now. You can't go back in this again to the upside today. It could set up around lunch between 12 and two and turn from red to green. But low odds of that, it did go to two of the targets, 84 and approximately 84. 50, 85 is doesn't look like it's going to happen today. And also the market is holding strong and this isn't following through over the high. So you just need to let this be, but I had the right play in this today. It is very important not only to get the right gap, but to get the entry right, the exit right, to get the timing right, to get all of it. This chart though, in the overall picture, could be looked at possibly still higher. Again, I would not go long this though again today. I mean, at this point now it's broken through the low. It's turned from green to red and could collapse another dollar. Who knows? But I wouldn't short it. The play was long and I did it today and it worked. So nice trade here. Quick one here in the tip. Remember, it's a holiday week or the week after a holiday week, so people are still off. I think the best point of action this week is a day trader is to take the trains, get in, get out, make the money where we can and get ready for a good December and to close out the calendar year of 2016. Hard to believe it's almost over. If you're interested in the Golden Gap class, it's this week in December 3rd and 4th. Email me with more information at melissa at thestockswish.com and have a great day everyone.


Hi, everyone. This talk is going to be a compiler talk about the C2 compiler in OpenJTK, specifically new optimization that we worked on, Microsoft surprisingly, but so cold stack allocation. In this particular talk, I'll start with quicker introduction what currently exists in Cospa C2, extend with the work we did in our engineering group, then show some results on popular benchmarks and hopefully kind of finish off with the stuff we still need to do. This is still very much a work in progress. We haven't submitted the patch to the OpenJTK mailing list, compiler list.   I can't work around that, fortunately. So stack allocation. So the main motivation was to alleviate some of the GC pressure. It was originally brought to us. We started working on this by Kirk Pepperdine. Some of you may know him. He's big on GC tuning in the Java world, and TU often would say as we're looking at some spark workloads to improve them and say these allocations to Scala gave the GC seizures and so on. So it's really bad. You guys should try to fix this. So how are we actually going to try to doing this is by saying we're going to eliminate the location, but not quite. We're going to allocate on the stack frame rather than on the heap. It's a known authorization compiler. It's just somewhat not actually being done in C2 yet. So when can we do this? Is when we say the object does not escape the current method context and typically objects escape with returns, calls to methods, or maybe stored into fields, passed around. There are places where we can do it, places where we can't. So here's an example. We have a very simple Java program here with three allocations. We got box to integers, and then we finally return another one. Integer is immutable class. So there's two additions, create a new object, and that's popped and returned. So the first two objects do not escape the method, but the last one does. And the way that we do tell which ones do escape, which was downed, is by this compiler back in pass called escape analysis. So a bit more about escape analysis. Now, escape analysis was introduced by this paper. It was introduced by IBM TJ Watson Research a while back, and essentially they had in the paper two different kind of optimizations described. Flow sensitive one, and flow is sensitive. The one that's implemented in C2 is the flow insensitive version of it, and it's the right choice, actually. The paper describes both of them, but it actually shows that they do similarly well, and the flow insensitive is much easier to implement, maintain, and less memory-intensive. Currently it's used in C2 for the following two purposes. So we use it for monitor elimination, which means if the objects are proven that they're not escaping, therefore they can only be seen by one thread. So we can eliminate the monitor, enter and monitor exit operations on these objects. So no synchronization on them. So you're using a string buffer instead of string builder. Well, this will help. The second one, which was interesting for us, it was the scalar replacement. So this is the form of an optimization that we kind of extended. So scalar replacement goes by the same sort of concept.  So breaking up the object turns it into a normal autos or local variables that sit on the stack. Therefore, no heap allocation there. So here is another example. Slightly different than before, but maybe you'll notice a subtle difference. People that know this stuff, but we are doing the three allocations as before. Now let's move on to the next step, and the scalar replacement will come in and actually turn it into this. This is what the final program would actually behave like. The integer field within the integer object, the primitive data type was extracted and actually stored as a local variable on the stack. Now when can we do this? Mainly when we actually don't need the original form of the object anymore. So when we can actually prove that the object as a whole integer is not needed. Now let's see some of the limitations with scalar replacement. So when we looked at the code, there's a number of reasons why scalar replacement can't fail. But when we did the analysis and ran bunch of benchmarks and workloads to see what was the main cause of scalar replacement failing in Cospot C2 is introduction of control flow. So namely, as this compiler talked again, like phi over here, we have the two definitions on two sides of the control flow. One is the object being instantiated, this new class object here, my class. And the other side, we're pulling it out of an array. Now coming down to the last return object dot x, now which one do we have in our hands? Therefore, we need the original shape of the object. We need to do a field load of that object. Because on one side may be scarily placed, but the other side will need a full bloody object coming from that array. So how common is this issue? So I'm back to my original example. So the side that we have on the left here, we can scale or replace that. But that's not what typically happens with auto boxing. The side on the right, C2 is unable to handle. Mainly because integer value off, which is what actually happens when you auto box a primitive data type internally has the exact same pattern I showed in the previous slide. It has a compare actually with two ranges, one 28 to 127, which is also configurable. If the values fall in this range, you're getting a pre-cached integer object from a static array, which is a poor man's version of elimination of allocations. But it has actually worked for that range of objects. But every time you go above that range or beneath that range, you get an actually heap allocated object. So can we make this work? So there's compiler optimizations that could potentially make this little example here work, however it has some drawbacks. One typical way we could do this is by actually cloning. Optimizations in the back-end optimizations could potentially say, well, we have a condition, we go either way, so why don't we just specialize the method body for this side and for that side. But let's say you have another branch, then it gets unwelled. It becomes exponential, so code grows insanely. So it's not actually very useful. Other ways you can do that is maybe by code motion, but then you're stuck with side effects. Let's say the array we're pulling out, that object, this object was a null object. So can you actually, what if you have to throw the null point exception? It won't be on the wrong line. So these kind of optimizations do have limitations in how actually often can we apply them. Now, this is what we actually came up with. We said, well, we don't actually have to scale or replace it. What if we actually allocate it, but actually allocate it on the stack? So the object shape is preserved, as it typically was, and it just lives on the stack just like the primitive. Which is a little bit of extra stuff. It has a flags field, it has a class pointer, everything you normally would expect from an object. Now, is this useful? Well, yeah, let's consider this example. Like you have this loop over here. I mean, I cleverly returned the primitive data type, so my object doesn't escape, but if this was the case here, this loop will keep generating new objects every time around. The integer is immutable, therefore, new object for every new addition you do. So, stack allocation. Will it work on previous example? Yeah, because on both sides, now we actually have a plane on Java object. So the object.x field load, the get field that happens there, has no problem existing. From one side, it will read from the stack. On the other side, it will read from the object that got from the static array. So how do we implement this in C2? Come to the second part of the presentation. So, Charlie Gracie and myself, inspired by the words of Kirk, started looking at, into implementing this with stack allocation. We had to modify escape analysis in C2 to recognize cases where we can safely stack allocative objects. Not all non-escaping objects can be stack allocated. I'll show some of the limitations later on, but there's plenty of them. We implemented the stack allocation path in macro expansion, so we had to actually write a separate path that took out everything else. We removed everything else, but the path where we stack allocative object. So how do we stack allocate? And this was one of the bigger revelations. We actually used BossLockNode, which was used for monitors, because mainly we needed a way to communicate stackOop, which was not done in any other way, from the IR back to the co-generator, to say, hey, this should be a point of reference on the stack somewhere. So right now, our stack allocative objects end up where the lock slots would be, which is right after all the spills in locals before the preserve registers on the frame. So at this time, we had to actually worry about it.  You're giving me a new preference on the stack. That's not right. So we had to actually extend GC-ROO scanning to support these objects, because what it will look like, there will be a local on the stack that points to another stack location, which is doing quite good, right? A more kind of subtle issue I'll describe later is detecting live ranges of objects in loops. And the other two items are removing the right barriers. We obviously can't do them, because you do a card mark on a stack location and that's not good. And then the other two were already being done, a similar code we found for scale replacement. So we were able to leverage that. We had to kind of similarly implement verification objects on de-optimization. So any safe point that the allocation can reach, we had to inject this scaler replace alloc node, I believe it was called, where we describe which fields need to be copied over to a heap object. So here's the GC-ROO scanning. Typically what you normally see is now below the locals you have a pure stack allocator object. The first five over here will be a Flags field and we have a class pointer and some reference. So the GC need to be thought that, well, as you walk in the stack, you have a reference coming over here, you need to find all the loop fields and actually mark them so you don't actually lose any objects. Now this overlapping live ranges was kind of like a subtle gotcha. And to be honest, I kind of knew this, but I forgot about it. I used to work in IBM on the DistroSELP and J9 compiler, and we used to do this, but sort of had to relearn it from scratch. It's an interesting case where if these two objects, as we have them here, let's say, are stack allocated. As soon as we get into the definition, which is definition V2, where value equals result, what ends up happening is that these two addresses, which are actually addresses on the stack, become the same. So what that definition is, coming back on the second iteration of the loop, will be the address that result was before. But result is stack allocated. It's always the same address. So now all of a sudden, what you end up doing is, well, after you first enter this if, you never enter it again. So typically where this was a heap allocation, you get new address every time. You allocate from the thread local heap, buffer, or you allocate from the heap somewhere, but it's a new address. So your address comparison will work and the location where the object is stored is different. Well, once it's on the stack, it's always the same, which we want to do, we want to actually reuse this for the purpose of better cache, page misses, and also remove the allocation while we end up in this problem. So we have to go to detect this and actually reject one of them as a candidate for stack allocation. One of them heap the other one stack is fine. So we go into current limitations. So we have few limitations we can actually do right now. We don't stack allocated object with monitors. It's kind of side effect with box lock node. We just didn't finish the work. It's not hard to do. But some of the monitor elimination code eventually compacts our box locks slots for stack allocated objects. So we mess up. We don't, but this is a main, the second one is a main issue that we have with performance right now. We do not allow stack allocated objects to be pointed to each other. So obviously a heap parent would be in escaping, so that's actually handled by escape analysis. But stack allocated to stack allocated is not allowed at the moment. There's ways to resolve that, but right now we don't do it. We don't have compressed, oops, support yet. And this is mainly because you can have a merge point one side a heap object, the other side a stack allocated object. Once we're in code P, it gets stored as a compressed in the stack. Well, compressing the stack doesn't work because you cannot guarantee that the address range will be within that 32-bit space. We don't stack allocate arrays at the moment as well. We just ran out of time. There's no particular reason why we didn't do it. Primitive arrays would be simple. Reference arrays, special consideration with array copies. So we just didn't have time to introduce this presentation, come here and talk about this. And finally, thank you, Ron Pressler. We actually may need to do something special for Project Loom here. Either prevent stack allocation of objects that live across method calls because in the mode where they do the fast relocation of the stack, it's just a simple mem copy. So if you have a reference on the stack pointing to a stack object, well, nobody's there to patch it, nobody did that. So we'll get there. So now some good news, actually. So these are the performance improvements they've actually got with this prototype that we have. Being a compiler guy for me, this is amazing because I usually would work for three, four months for 2% or 3% improvement. And having a range of applications actually get significant speed-ups is actually quite good to see. One of the stack allocations, the stack allocated object would be another massive improvement if we get it right, because there are certain patterns in Scala that are very common that do have an object graph pointing to each other, which we currently reject. And so, finally, the last bit of the presentation. So when and where can we see this patch? Well, no, we're right now. So Charlie and I are in the process of migrating our patch from JDK 11. There's no particular reason why we picked JDK 11. We were looking at sparks, sort of continued down that path from the builder we're using, where migrating is the tip, cleaning out the code. And as soon as it's done, we'll actually post this to the compiler dev mailing list and ask for review. That's the plan. So our next steps from our perspective are that we have to stabilize the prototype and clean it up. We have a lot of crashes. We haven't looked at every of those methods of benchmarks. We couldn't run because there were issues. Started working on removing the limitations one by one. Stack allocated stack allocated would be probably my first pick. Right now, we only support G1 and PGC with our heap, with a mark extension to walk stack allocated objects. So we need to extend and see how it actually works with GC models like Shandoah or ZGC. And finally, look for more opportunities in other real-world applications. I want to see if we can actually improve, you know, the various REST frameworks that are out there that people build with and maybe elastic search products like that. And which leads me to the end of the presentation here, which is, you know, if you like what you saw here, please stay in touch. We'd like to actually work with everyone here. Both Charlie and I are really new to the code base and need a lot of help to actually make this a reality. And, you know, helping us review the patch would be awesome if anybody is willing to do that. That's it. Thank you. Any questions? Do we have time? Five minutes. Are you all completely stunned by that? Oh, not everybody, evidently. Yeah. So the question is, can you say something about your write barrier implementation? You said that it's always a performance when, but if the stack allocation fails, then presumably you've got a more expensive write barrier now. That's right. So we currently, and that's exactly the where I was going, I have actually two upending slides, which I'm actually going to talk about the reference to reference issues which leads me to the stack write barrier. So we currently remove the write barriers on stack allocate objects because we are sure that when we make it a candidate for stack allocation, there will never be coming apart of something else. So if you store a field, if it has a field, and you write into that field, you don't need a write barrier because nobody's ever going to see that object. It lives on the stack. Now, the reason why we can't do stack allocation to stack allocation is exactly this case. Let's have this example here where we have two objects pointing to each other. Now, we get to the bottom part. We load the original test object from the wrapper. We do t.x. Everything's good. We remove the write barrier. Now, what if there was another coin between like this? And this actually gave us a heap. Now, coming down here, it's either a heap or a stack object down this t1.x. So we don't know. In that case, to write, we can actually detect this case with analysis and reject it, which would reject certain candidates, or we extend the write barrier to actually look at the stack range and say, yeah, this falls into the stack. You're good. Keep going. Don't worry about that. So it would increase the cost of the write barrier if we did that approach. Very interesting results. Thanks a lot. A quick question. Have you considered allocating such objects on heap instead of on stack, but just take? No. Do you mean reserve a special heap region for this kind of logic? Like with T-labs. You're allocating labs, but just for duration of a single call or just chunk them. And by that, you can significantly simplify the requirements to the runtime. You don't need to treat special objects on the stack since everything stays on heap. Well, I have to consider how that would work. I can't think of double my head, but yeah, we'll think about it. Maybe there's a way that we actually can do that. We didn't consider it. No. I think it was a question here. Just looking forward to trying out the path when it comes out, because in the memory API that I showed before, we had some benchmarks that were very problematic and stressed the flow-sensitive case that you were mentioning before. Yeah, especially with the immutable trend, and I love immutable objects myself. It actually creates copies every time, which we're hoping that this would actually take care of. Charlie. So I just want to be clear that there's still a limitation that there's no partial escape analysis here. There's no lazily standing stuff back up. Yeah, absolutely. So we can look into that next. I mean, right now we're not doing it. So anytime we see something that escapes, for us it escapes. It doesn't matter if it's a cold call or something that's never reached, we're just... Okay. Okay, well, I think we're done. Thank you. Thanks.


The Wolves trying to upset the one seed and send them home early. Emma Mills gets things going in the first. They shift to the outfield honor, hits one opposite field. That ball is rolling and rolling and rolling. Emma Barkas rolls around third to score, gives them the early once nothing lead. The Wolves would fight back, however, Katie Benjamin slaps one into right as well. Lizzie Noggle slides into home. Not a pretty slide, but you know what they say, they don't ask how. They just ask how many. It's one to one, still in the second. Brianna Raditz seems to ground out to end the inning, but it's mishandled in the field. One more scores to go up three to two. However, it was all Pine River backers from there on out. They win that one 10 to three.