Good afternoon. Can everybody hear me? Let me know. It looks like we had some issues there. I signed out and signed back in, but I think that it's good. Can you see the slide? It is a blue slide with the picture of the Empire State Building, actually. Okay, wonderful. Thanks everyone. Thanks for coming. Sorry for a little late start here. My name is Melissa Armell, and I own a company called the Stocks Wushan. Today I'm going to talk about the strategy that I personally trade. I trade the US stock market, and I trade stocks, and I also, I day trade. I day trade the stocks by taking positions in the stock, and I also use my strategy for options. So if this is something that you want to learn more about, maybe that's why you're here today, you can feel free to email me any questions afterwards, or you can write questions in the room tonight, and I can take a look at it. You can email me at Melissa at the stockswush.com for more information, or feel free to give me a call at 929-3200 GATT. So why are you here? You might be here because you're thinking about trading the market. And, and you know, this is one of these things where you can become a day trader and you don't actually have to live in New York. I do live in New York, but you don't have to live in New York and be a trader and work on Wall Street. We live in an electronic world now, where all you need is a computer and internet connection, and a live charting platform package where you can trade, and everyone can see stocks moving in live time, and you can be anywhere in the world. If you're here because you want to do this for a living, and you really want to make a go of it, a lot of people have different goals. Some people are doing this for part-time. I don't know, but why are you here? It's a good question to ask yourself. Are you trying to pick up tips about trading? You're ready trading, or you're thinking about trading, and you want to compensate by finding a different job. Maybe you like the job that you have, then you're just trying to earn some extra money. The nice thing about day trading is that you don't have to be anywhere, but your house to do it. So you can do it two days a week, you can do it five days a week, you can do it one day a week. You can do it any days during the week that you have time. And so it works well with a lot of people's schedules. So think about your goals. I think this is very, very important, and one of the things also that we're going to talk about tonight is, we'll talk about this more a little bit later, is realism versus optimism to achieve your goals. I find that people that I talked to, some of them are realistic, and some of them are so realistic that they've actually actually have lost all the optimism that they would need in order to be able to trade successfully. In other words, they want to do it. They're willing to put forth the work, but they've kind of lost hope or any positive mental attitude that they really can do it. But that's the only way you're really going to make it. You have to have a combination of realism versus optimism to do it, to achieve your goals if you want to be a trader. So the realistic part of it is, you've got to have a strategy, which we're going to talk about tonight, which is mine. That's the realistic part. You won't be successful. You won't make money unless you have a strategy. And the part of it that has to do with being optimistic is that you have to believe that you can do it. You have to believe that you can make $1,000 a day. You have to believe that you could do it for a living if that's what you want to do or a career. And so what I find is a lot of people have trouble balancing these two things. And we're going to talk about this actually in a trade that I did last week. I'm going to use it as an example to help, I think, some of you. But for what you're trying to do, you really got to chunk it out. So you're looking to chunk it out to take the amount of money that you want to make and you go after it in the market, whatever days you trade, whether it's Monday, Tuesday, Wednesday, Thursday, Friday. You may not necessarily make $1,000 exactly to the dollar every day. Some days you'll make a little more, some days you'll make a little less. That's how it works. OK? So it's all about making good choices. You have to have discipline in your trade selection, which I do. I usually only do one trade a day. The plan of action is my system, which I'm going to talk about tonight. I'm looking for usually one trade a day, one pick, one quality entry, even though some of the stocks I trade have set up multiple times. I usually do one and I don't over-trade. So, for example, if I take a trade on the day and it doesn't work and I take a loss, then I usually stop. One loss isn't going to kill anyone in a week. What I find that people do where they make the mistakes is they keep trading and trying to chase the money. If they start the morning off or their day off with a loss and and that never turns out right, excuse me. You have to really be very planned with what you're doing. And also no piggy targets, I call it. You are at the thousand bucks if that's your goal for the day and it starts to back up again so you get out. OK? So if your goal is $5,000 a week, you got to keep that in mind. You are chunking it out. You might make $2,500 in one trade. And then if you take two more trades and your goal is up for the week, then maybe you stop, maybe you stop for the week. So you keep the money that you make. Again, this is about making good choices. Now, people always ask me what amount per trade do you need to make to do this? I always use an example of an average between $700 and $1,000 a trade. So that's what I'm risking. It's an advanced amount. You don't have to risk that. OK? You I'm saying if you want to be very, very conservative, that's what you need to risk. It really how much you make is a function of what you risk with the share size and the dollar amount. The share size will vary. Some trades you'll take 3,000 shares. Some trades you'll take 4,000 shares, but your risk has to be the same. So whatever your risk has to be, if you decide it's 500 bucks a train, then that's what it is. Your entry, the difference between the entry and the stop, which I'm going to talk about in a little bit here, has to do with the dollar amount that you're risking, which will determine the number of shares that you take. OK, and when we're going to talk about options today, too, that's a little bit different because you're taking contracts. So the contracts is, for example, 10 contracts in an option is 1,000 shares. It equates to 1,000 shares and it has a set fixed price for it if you take an option. Now, going back again to the idea of making a living doing it, you know, with the actual share size, what is your goal? Maybe your goal is 50 cents a day. Maybe it's 25 cents a day. Maybe it's a dollar a day, whatever your goal happens to be. But you have to back it out. I'm usually looking for a buck in every trade. But if I'm up my goal and 50 cents in a move, then I'll get out. For example, 50 cents, 1,000 shares, if you take 50, if you get a 50 cent move and you have 1,000 shares of it, that's 500 bucks. Here, if you have a 50 cent move with 2,500 shares, it's 1250. So this share size, and when I go over the trades, I'll go over with you. The share size has to do the difference for the entry and the stop. We have a question here. Let's see, Candy has a question. The problem is that the upfront mentorship fee is way too high. Do you mean for my class, Candy? I didn't get to that yet, but you might have watched my videos online. Candy is asking about my class. I do teach a class, which I'm going to go over at the end. My class is called the Golden Gap class, and it is $5,000. If that's too high for you, then maybe it's something you work on, work on saving, you know, if you really want to do it. I've been teaching the class for four years. I'm going to go over this. I'll bring it up at the end. But it's four years I've had the business in the last few days, and I'm running a special for 20% off, but you'd have to sign up tonight. I rolled that out for my room in the last few days, but it expires today. But it would only be four grand, but either way, four or five, that is the cost to learn my system. I mean, I have people that have done trials with me and they've made the money in the trial for the week for the cost of the class. And I have people that make the cost of the class back and, you know, a few trades after the class. I don't want people to train if they feel that they can't do it financially. And so if you really feel like $5,000 or $4,000, if you sign up tonight is too much, then the better thing for you to do is just wait and save. I mean, trading when you feel like you're in fear about risking money is not a good place to be. My system is absolutely worth it because it works and people make money with me. That's why I have a successful business. But if for you personally, Candy, it's too expensive, then I'd say then wait and save. You know, I just don't want people.  I do a lot of lecturing in the room and I don't want to get too off target here from the lecture, but I do a lot of lecturing in the room for people to try to help them with their mental attitude. And I think that's one of the things people get, you know, in the room with me that they wouldn't get if they traded on their own.  If you if you have the money and you think even if you have the money, but you think it's too much, you may not be in the right mental state. If you if you don't have it, you don't have it. But it's the idea that you have to know that this is what it is. If you want to learn it and if you want to do it, you know, again, I went back to the webinar here, but, you know, it took me three years to learn my system and it costs way more than five thousand dollars in losses to the market till I learned it.  I wish that I I wish that I had someone like me to go to. But what I do and I didn't get to it yet. But if you researched me already, I trade gaps and that is something that is very, very specific. And many people do not know how to trade gaps. And that they even talk to people that swear up and down that they know how to do gaps and then that I know that they don't because like I listen to what they say and I see what they talk about in a chart and I know that I don't know what they're talking about. I have a knack for really reading what a stock is going to do based on the gap. And one of the best examples of that actually is the market. I mean, the market is just continuing to make brand new all-time highs. And I saw it. I saw it two years ago, actually in 2014 that the spy would hit these numbers. It took a long time, but it was because I read gaps that I saw where the overall market was going to go. All right. Anyways, we'll get back to that when we get to the end. But feel free to ask me other questions that I want to get to off track here. So anyways, getting back to this as we're talking about money, money management, use of stop losses. All of these things are very, very important for you to be successful. And as I was saying, it's about the quality, not the quantity. You've got to take more winning trades and losing trades. And if you can pay for a system that teaches you how to do that, then it's worth it. Even if it costs $5,000, you you have to get to a point when you stop bleeding and many, many people are trying to make it in the market and they're bleeding money. You've got to limit your losses. One of the ways I do that actually is I use stops. I use limit order stops. I'll put a stop in, I'll take 7,000 shares of something with a hard stop. And if it takes me out, it takes me out. At least I know my loss is fixed. Okay. And as far as the options go, you know, I've only had one that I've killed, but I was down half of it and I just killed it. I just killed it when I was down half of it. It wasn't right. So you limit your losses when you train with stops or you have good money management if you do the options. Okay. Which is an overnight position. But you were looking to chunk it out. And like I said, there's five days a week. Now, what are some of the trades? We're kind of talking about this earlier. Let's go over it. As I was saying to Candia, I do gaps. That's a strategy that I train. This was last week. I think it was the Friday. No, this wasn't Friday. This was Thursday, I think. This was H-C-N-P. H-C-N-P gap down. Now, what is a gap? It's when a stock closes here at one price and gaps down the next day. So the stock closed here at 1940. Gap down here to what? 16-something. A gap is when a stock closes at one price today before and opens at another price the next day. That's what a gap is. That's all it is. It could be a gap up. It could be a gap down. Okay. But the point is that it has a different open at 9.30. Then the close at four o'clock. So this is four and this is 9.30. So this was a short. This actually went to the dream target here. So I shorted the stock. If you wanted to do this with me in the room, you would have shorted it. I did not hold this all the way down here. This went and broke 15, which again, was a dream target for this. It went. Okay. I like to trade early in the morning, quickly, quickly, quickly. I'm in and I'm out. So what happened with this? The stock open, rally, boom. You're in, get the drop. This is what I do every day. This is a one-minute chart. So this chart here is a daily chart. This chart here is a one-minute chart. So here's where I closed the night before and here's where it gapped down. And here's where I shorted it and then you put the stop and then you get it. So whether you get out here or here, or you could have held it longer, like I said, which I didn't do, it had a really, really nice move. It had a move of 50 cents into the morning. The actual move, if you wanted to stay in it all day, though, you could have made double that. You could have made a dollar buck move. The entry on this was here. Just write a little teeny weeny bit under the $16 number. Okay. If we go back here in the daily chart, I'm shorting this tally thing here. So I am actually, the stock is rallying and it's green on the day and I'm shorting it. This may seem very aggressive, but the fact is that I really know what I'm doing and this is how you make the money. And this is how you make it quickly because if I'm in this and I'm grabbing it at a good price, because it's all about the price and the entry in here, then it doesn't matter where I get out. It doesn't matter if I hold it all day. It doesn't matter if I get out down here. Of course, if you're in it all day up to manage it, you don't want to let the trade get away from you, but I just like to trade the morning. So I'm a day trader. I'm in and out on the same day and particularly I consider myself a gap trader, so I like the quick move. So in this case, in this trade, you could have made $2,000. Okay. Share size 4,000. Again, it's a difference between the entry and the stock. That's how you know what to take. Now let's look at another one here. This is GES, was a retailer. This stock had a gap. This is a daily chart. The stock closed here the night before. Price up here, the close is around 1530-ish and open down here around 13-something on the live day. This was December 1st. I forget if this was at nine or if it was in the morning. Stocks, gap, post market and also pre market. You can look at some right now if you want to, although I don't, I don't know if there was any others. Pay tonight, pay was your earnings tonight. Anyways, then I look at the gap and I rate the gap with my system. So the strategy I do is called gaps. I mean, everybody does, you have heard of gaps if you traded. If you've never heard of a gap, I'm telling you it's a difference between the close and the open. What I do differently is I have a rating system that tells me whether to short this or go long it and that I can do it aggressively on the one minute chart, which is how you make the money. The quicker you're in and the quicker they're out, the less you're at risk. I am very impatient. I hate to be in trades long and also you're more at the whim of the market. If the longer you're in a trade, you're in a trade 11 o'clock, 12 o'clock, 1.30 in the afternoon, you know, stocks tend to go with the overall market. And right now the market's been very, very bullish. Okay. So if you are looking to short, you want to get in and you want to get out. Anyways, this one had a big rally up here into the open. You could have shorted this here. Now I did not do this aggressively. I didn't do it immediately here. I rated the gap, I watched the gap, I was watching it. I wanted to see it situate itself. I did a quick trade in here with a stop right here and got the drop and that's it. So I actually shorted this right in here. This just several minutes. I'm in and out of the trade and that's it. And so the entry was 40 by 65, 4,000 shares. Again, it's 25 cents. So what is your risk? Your risk is the difference between the entry and the stop. So the entry is 40, stop is 65. Okay. This is how you're sizing yourself. Again, you'll learn this in the class, but just follow me here. You could have made 1200 bucks in this trade minutes. Boom, boom. Do you know you're out? Okay. And I'm telling you people, that's all that you need. The least amount of time that you're in a trade, the less stressful it is, at least for me. And I can very, very easily predict in a short, short timeframe where something's going to go right a ways. I can see where it's going to go right now, right away. So in the next few minutes, in the next 30 minutes, in the next 10 minutes, I can see right a ways. I'm also very good at seeing in the long-term picture where it's going to be, but you don't always know the timing of that. So as a day trader, you going to get the timing right, that it's going to go in the time that you've got and you've only got, but really between 930 and four, except for the fact that for me, I feel like I've only got between 930 and 10. And one of the reasons is the rationale behind why I do gaps in the first place. Now, why do I do gaps in the first place? How did I even create my rating system, which we're going to talk about a little bit, because gaps are not unique. It's the way that I play them that is unique. My rating system is unique, which is what you learn in the class. My system predicts what institutions are going to do with the stock on the day in the gap. And that's how you get that flush, that quick move, that instantaneous sell off, or in the case of a long, you get something that rallies immediately. Okay, I prefer to short all these trades in here worth shorts. And if you've, if you looked at my YouTube and things online, you'll see that too. I find that short moves just happen really fast.  It's not that you can't go long bullish gaps. Of course you can, but I like to be in and out quickly. And that means really I'm looking for the panic in the downside. Now getting back to what I was saying about the institutions, I'm looking to see that hedge funds, professional traders, banks, big position people that have big positions in these stocks. For example, here, this is XBR. This is the XPR is this one here close to the night before appeared 13 open down here around 11. I'm looking to predict that institutions will do what with this. What are they going to do with it? Are they going to buy it? Are they going to short it? I'm looking to figure all of that out before the open before 9 30. That is my goal every day before I trade. And if I haven't figured it out, if the rating system tells me that I can't tell what it's going to do, then I don't trade anything. But in this case here, this one was a short. So this was actually the same day as the GES. He could have done them both. Some people in the room did do two. I prefer to usually do one at a time and a day, but you could have done them both. So this one closed here, gap down. Then here's the open. Again, you have a oops, there we go. You have this big move up in here, then it drops and it breaks. And you might have thought this was going to be a long if you didn't have the rating system that I have, you might have bought it here over the high, or you might have bought this, this in here, because it actually looked like it was making a scoop. Okay, but it didn't follow through. It didn't have a follow through. Instead, what did it do? It rallied up, retested the resistance. And here's the entry to short it and you put the stop and you're in. It's actually had a bigger move than the GES. The GES had a short, quick move and then flipped. This had a nice follow through if you did this one. So how would you have known not to go long this because some gaps rally? Okay, this did not my rating system. And then you would know because you can't short, you can't short every rally, just like you can't buy every, uh, every pull into support. You have this looks like, you know, a one minute chart that you could have read in many, many different ways. If we have time, I'll pull it up because it's hard to say enough because kind of know, you know what's happened here. I showed you, but if you were just looking at this here, if I just got rid of this stuff and just showed you this and then just showed you this, you might not know what to do. But this people, this is the thing that tells me. And so the one minute chart is what I play, but the daily chart is where my strategy takes hold in the rating system that I use. It tells me what to do with it. This looks like I'm shorting it in midair or if I bought it, it was like the same thing I was buying it into, into the, into whatever. But the point is that you got to know what you're doing with it based on the daily. Okay. The one minute you're playing it to get the good price entry to put the stop to take it before it breaks. If you're shorting it or rallies if you're going long. But the idea is none of this is something that you would know how to read unless you could get this predictable in a way that makes sense because this is really what you're playing. And if you only had one chart to trade or if I only had one chart to pick, I use all my charts to have up the one minute, the two minute, the five minute, the 15, the daily. Sometimes I look at the 60 minute chart, but it's the daily chart. If I had one chart to trade, if everybody took away all my charts instead of we're getting rid of the molesty, you have nothing but this one today, I could trade on the daily chart, take my entries, put the stops, figure out my targets, do it all. But this helps as a day trader to take the size and be very nimble with it. Anyways, this had an amazing move. 20 by 35 is the entry on this. I'll go back and look at it again. You could have taken 6000 shares of this, risking again, an advanced risk of a thousand bucks, but you don't have to do it. Actually, this was $900. It was only 15 cents, but you could risk 500 bucks and then you would have made what roughly around $1,300. But do you see here how this is almost your goal for the week in one trade? So you don't need to be trading all day long. You don't need to do more than one thing a day, which I don't. This entry is here. Stop here. Boom. The idea of making money in the market consistently as possible is just getting back to what I was saying. It's the realism versus the optimism. I find that I'm actually overly optimistic, usually what I'm doing trades for what I think I can get from them. And I'm tempering that. I'm tempering that with teaching people and mentoring people and running the room and also trading now for eight years. But I will say that most people are the opposite of me, which is probably one of the reasons I've been good. I'm a good teacher for people. Most people are almost too realistic to the point where they're kind of negative about it and don't believe it can happen. You know, I'm just I'm just like you if I take a loss in the market, which I have days I lose, I still got to get up and I got to take the trade the next day. If I don't do it, how am I ever going to make money again? You've got to be able to get back on the wagon. And it's the same thing if you took a class and you didn't learn anything from it, you felt like you wasted money. What are you going to do?  You got to get back on the horse. If you're not willing to get back on the horse, then how are you ever going to move forward? And it's again, it's about balancing out what you want to achieve with some level of realism, but being optimistic about it that you can achieve it balance is required.  It's not just in trading with our health and our finances and our emotions and our our downtime and our work time. I mean, one of the reasons that I love trading is that I do not work, you know, eight, 10 hours a day.  I trade in the morning and working on different projects for myself. But if I want to take a day off, I do. If I want to watch a movie in the middle of the afternoon, I can do it. It's a nice lifestyle to trade. If I want to take a three day weekend, I can do it. I don't have to trade, you know, five days a week. It's I was overworked with my mortgage job, which is what I did previously. And I found that it was I was getting to me at that point in my life. And so I think one of the nice things about trading and doing this for a career is that you can have a more balanced lifestyle with your work hours. You do have to have the right mindset and strategy to do it, but it's achievable. It's just something you're going to have to work at and learn or learn from someone like me. But anyways, like I was saying, it's it's about learning the right skills and having the right knowledge. You know, a lot of people just don't realize how important the right skill set is. And it's not just about reading, moving averages or reading support. OK, gaps of the strategy. Then I have the rating system, which I'm going to talk about.  OK, any questions as we're going along here? You started a little bit late, but I think we're catching up here now. So my class itself is really a business plan for people. The only thing you need to determine after you take the class yourself is really how much money do you want to risk per treat? If you want to make a thousand dollars a day, I'm telling you how much. If you want to make less than that, 500 bucks a day, just divide it in half. You know, and many people can live on that. It's twenty five hundred bucks a week. So my clash, though, tells you what stock each day to trade, how to do it, and what the exits are on the targets.  OK, but it is like a business plan, which is very important to be successful. If you had your own business or we're starting a brand new business, you would write a business plan for yourself. If you went to the bank and said I would like to borrow twenty thousand dollars to start a open up a store or something, they would require you to write a business plan. OK. So anyways, you got to have a system. The system is the business plan and the nice thing about it is it tells you what to do. One of the things that tells you what to do is the time of the day in the class. I teach you all the times of the days, the stocks, you know, set up and you don't have to devote a lot of time to it. Again, if I'm not in the trade by 10 o'clock in the morning, I'm not doing anything that day. Something's not right. If if if you were, you know, a bank of America and you owned each day, you know, owned EXPR and you were along the stock, you would not have any reason to wait until 1115 to dump your stock on the day and sell it. If the earnings came out, you didn't like what they said. You would dump the stock if that's what you were going to do. If you were a bank of America or, you know, if that's what you wanted to do if you own XYZ amounts of shares, you would dump it right into the open. You would not wait until 1115. So I've had that time. It doesn't have to happen right away, but it's got to happen right into what I call the open, which is between 930 and 10 in the morning. And that's when people get in and out of positions. Big, big, big, big players. Okay. Any questions from anybody so far? How are we doing? Are we okay? Okay, good. So as I was saying, I do gaps and really gaps give me an edge because not a lot of people know how to do them. And another reason that they give me an edge is because they have big moves. So they have really big moves. And you've seen some of these in the trade examples of one over tonight. And to me, what is that? It means you look at the daily chart and you look at the average move of the stock on the day, the average daily move. And you say, well, how much can this go this much or this much a dollar, two bucks? Well, you're going to look for a big bar on the day of the gap. You want to see one of the big ones. You're not going to look for a small, tiny one on the day of the gap.  And that when I say big, I mean based on whatever stock you're trading. Obviously, if this is HCMP, if the stock moves a dollar, that's a big move. If it would be something like Google, well, you wouldn't be looking for a dollar for a big move. You'd be looking for a twenty, thirty dollar move. Okay. Jane is asking a good question. What kind of money do you have to have in your cap? Now let's go over this here. I'm going to write it down. There are two different kinds of accounts. Maybe I should do a webinar on this sometime too. There's a retail trading account for day trading. Oh, I don't know why that went up there, Kathy. Retail trading account for day trading where your requirement is twenty five thousand dollars minimum to actively day trade. If you want to do options at a retail account, you do not have a twenty five thousand dollar minimum. Some places have a five hundred dollar minimum or more. Some have a thousand. You have to call and check the broker. That's to do options. Okay. Now the next kind of account that there is is called proprietary day trading accounts and writing this in the room so you can copy and paste and Google it. And those have lower minimums. You do not need the twenty five thousand. Most of them have a minimum of twenty five hundred. Okay. Similar for the options, whatever the minimum is there for the option to it could be five hundred could be a thousand at the prop accounts. So it varies depending on where you trade. You have to look into the broker. You would have to open up an account with a specific broker. You've got two choices. Prop or retail. I've done both in my trading career. I started out with a retail place and then I didn't know what I was doing. Excuse me. And then I decided to move to a prop place because I wanted a lower balance and then I also wanted more leverage. The benefit of a proprietary day trading account is really not just the fact that you only have to put up twenty five hundred dollars, but actually you get high leverage. So you will get four to one leverage at a retail place and you will get 10 to one at a prop place. Or more, depending on your balance. OK, what does that mean? That means if you have twenty five hundred dollars in, you would have twenty five thousand dollars in buying power to take a position, which is very, very substantial. So for many of these stocks here and I don't typically trade crazy expensive stocks for the day trades. You know, if you're trading something that's 15 bucks a share and you have twenty five thousand in buying power and twenty five hundred in the account, you can take a good position in this. Now, the amount of money you're risking per your account per trade has to be tempered with that. In other words, you can't risk a thousand bucks if you have twenty five hundred dollars in the account. Do you understand what I'm saying? I always say think a good rule of thumb for any money if you're doing this for something like that for the for the prop places would be 10 percent. So for example, I wouldn't risk more than 10 percent in a prop account. If you have ten grand, I wouldn't risk more than a thousand. If you have twenty five hundred, I wouldn't risk more than two fifty. Do you follow me? Let me know if you have any other questions on that. But that was a good question. So the amount of money that you have depends on if you do options or day trades, you can use my system for both. And then it also depends on the type of broker. So as I was saying, you know, I do gaps and what does this mean? We talked about it earlier. When the market closes at four o'clock, like right now it's five or six of markets closed, stuff happens in stocks. It can be new. Somebody could talk on CNBC. Kramer could talk on his television show. Someone could quit someone some type of trial thing on some of these pharmaceuticals could come out a report, an earnings report, something with the market, the election, OK, a million things could happen. And a million things do after the market closes and the stocks have post market trading until eight o'clock at night. And then in the morning, you also have an open, which is very, very early, right up until 9 30, where stocks can move as well. I do not trade that time of the day. I find it very risky, but during the time of the day, I will analyze the stocks that I want to trade on the live day. I don't take a trade till after 9 30. But in that moving price at night or in the morning, whenever it happens, you get gaps being created and they create a sense of urgency. The sense of urgency could be that you better hurry up and buy it, buy it, buy it. You're going to miss the rally. The sense of urgency could be to sell it, which is what I like to do. Or in the case of trading, I short it, OK? And the moves happen fast, which is a positive thing, as I said, because I can be in and I can be out very, very quickly. You can see here how this move happened fast. Again, you could have been in this longer. You could have made a buck out of this. But if you didn't want to, fine, if you want to just get in and get out every day before 10 o'clock, this gave it to you and all the ones. So gaps really are a specialized strategy that's looking to tell you to predict where the stock's going to go. And how do I do it? I do with my rating system. As a professional trader, if that's really what you want to be, you have to think like a professional, act like this is your full time job, even if you're only doing it for 30 minutes a day.  And if you're taking people's money, you wouldn't want to lose their money. You'd have to you'd have to report to the people and say, I took H-Z-N-P today and this is the reason or I'm going to take this today. And here's this is the reason, Mr. Smith, because it rates 22 points or whatever. And that's the reason I'm doing it, Mr. Smith. I mean, you have to be accountable to yourself, which, which, which is easy for me. But I'm telling you some people struggle with that. You have to be accountable to yourself for the trades and the choices and the decisions that you're taking before you do them, when you trade. I mean, this is again, this is common sense, but I find that it's necessary to go over for people because they because often people make mistakes with these things about trading. So what is it about gaps that make some so profitable? Again, the quick, quick moves, the quick moves, the fast moves that happen easily into the morning, the momentum, the volatility and with my system, they're predictable. Now, my system is a rating system. It's based on a 26 point rating system, but you don't have to have all the points every day of 26. It has a cushion of six points. You're looking for 20 or more. So when I get in the gap, I'm looking to short the stock of the gaps down and the gap rates 20 points or more per my system, the stock gaps up, that I'm looking to go long it if it rates 20 points or more per my 26 point system. So I'm always looking to play the gap in the direction of the gap. Otherwise, I don't do it. And if it rates under 20 points, then 17, 18, 19 is a 50-50 chance of working or failing, but you're really not supposed to do it. If you follow the system strict to the letter, you got to get the 20. And obviously, if you have two or three gaps on the day, if they all rate over 20, you can do them. Okay. If you have one that rates 23 and one that rates 20, you could do the one or you should do the one that rates the highest of the ones. Okay. So again, how are you going to decide what to do every day? You rate them every day for as long as I've been doing this now. It's been eight years, but I didn't really start creating my system till well, I started it in the first year, but it took like three years to figure out all the points. But ever since then, I've always I've always filled out a worksheet and I've always traded, you know, accordingly. I've never skimped it. Okay. I can look at something and I can look at it and say, oh, I like this, but I still will sit down.  I go through the system. I don't skip it. I don't like to trade things on the fly. The purpose of the system is to help you evaluate which gap to trade each morning used in a checklist and I do it myself. This checklist tells you what to trade. It tells you what to trade and when. And it's extremely important to follow this kind of system.  I also find that traders that over-trade have challenges being successful and making money too. And I know that many, many trading educational companies out there teach a lot of different different types of methods to trade. I just don't. It's, this is all that I do. The every trade that I take, this is it. Okay. Once you learn it, there's nothing else to learn from me, but this is all you need to make money. How you apply it, whether you do options or swing trades or the day trades is up to you. Okay. And again, you can go long or short, but I prefer it to short. And the trading room I have, which after you take the class, you can be in the trading room. I close every day when we're done. Some days I'm open till 10.30, 10.45, 11. Talking, but some days of a matter of trade by 10, 10.15, we're done. I do not keep the room open all day. I used to be on and off when I started out at the beginning and checking out various trading rooms. I found them very difficult to follow, very difficult to figure anything out. They were calling trades all day. You couldn't tell if people were losing or making money. It was hard to copy their trades and ultimately when I was in those rooms till four o'clock, I was losing. Okay. Because there's just too, too many trades, too long to be, too long to be trading and very, very hard to follow people. I think less is more in relationship to trading if you want to make more money. Less number of trades, less time in a trade, less hour spent trading. You can spend time studying your trades and reviewing your trades and learning. That is where you should be spending your time and learning the knowledge and getting it down and reviewing your charts and going back and reviewing your trades for the actual amount of time that you are in trades and out of trades should be short as a day trader. And this is and the amount of time that you're actually in the market in these trades. This is how people get bit. Okay. They get bit in the butt because they don't understand that it is very important.  There is a billions of people that are trying to get in there and get money. There's always somebody against you in a trade and they're trying to take your money. There's nothing that you're creating when you take trades. We're not manufacturing. I'm not making a pair of earrings. Okay. You know, I'm not, I'm not, you know, making something. I'm not creating an item or goods, you know, or service even. When I go in and I trade, I'm just taking someone's money. I mean that is what it is people. I'm going in and I'm saying I'm smarter than this guy. I'm taking this guy's money. I'm sorry. Goodbye. So you really have to kind of look at it like that. It's you're like a sniper going in. The smartest person wins and that's kind of what it is. And this is one of the reasons that I do gas because when I do gas I'm aligning myself with this very intelligent and rich, wealthy people who are trading in the market and investing, which is the people that are making the gaps, which is the institutions, the banks and the funds. Okay. Those are the ones that are controlling what's going on. So I'm aligning myself with those people as if I had billions and billions of dollars like them. And if you want to make a lot of money, that's what you have to do. You don't want to align yourself with all the little people out there that are scrimping and scraping, trying to, to take five trades in a day to make a thousand dollars. Okay. Learn what you can right now. If you can't risk the money to make a thousand bucks a day because you don't have a big account yet, then risk what you can to build it up. It'll happen once you learn how to do it. And not only that, you'll have the optimistic attitude then and you'll have the confidence to do it. But the system that I've created is very powerful because it's looking for that very specific move in the time of the day, the right pick. And like I said, I've started to do options. We're going to talk about one of the options I did. So some gaps set up in a way that the power will carry through. Now you can do options for days or weeks or you can even do them as day trades if you want. I vary when I do these. Okay. The day trades I'm in and I'm out. The options, sometimes I'm in them and sometimes I'm out in the next day. Sometimes I'm in them for a couple of days. Sometimes I've been in them for a couple of weeks. Okay. But you do not have to worry about buying power or day trading, regulation requirements that a retail place four options. So you can call around. It's a great way to use my strategy. So this was a trade I did last week. I forget what day it was. I think it was Monday or Tuesday or Wednesday. I only remember.  I have to look at the chart. But anyways, this was a good solid tree. I had an amount of money that I took in the position. It was around three grand, took it, my price in the trade, the cost for the position was 1.42. Got out, made money, thrilled. Why? Why was I thrilled? Because it was almost 100% return on the risk that I had in the trade. So I reached three grand. It ran up. I had an order out. It didn't fill me. I put it down. I get out with 2650. So I took $3,000 and flipped it around into 2,650 bucks within a day. So I took it one day into the close and the next day I get out. That's good people. I mean, it's excellent. So I could have reached $10,000 and I could have got out the next day. I made almost 100%. Okay. This is something that I've really excelled at this year and this on top of my day trading has been very good for me this year and will continue to be so into 2017 because I've really got this down. But I want to talk to you about something else. Well, here I'm going to show you what I did with this. I just, I just did it here. I got in and then the next day I gapped up and it ran up and I got out. Now, now the option itself, the strike was 775. So I made 100% return in my investment without it even getting anywhere near the strike price. It was all the way up here. So I took it in here at a really good price and I got out here and I almost doubled my money and there's nothing wrong with that. Now, this is what I'm talking about about realism versus optimism but I will tell you the stock went. The expiration date was Friday. It was here. This is today. This is Google. If I'd held the trade to the last day I would have made over 30 grand in a trade that I risked $3,000 in. Now, I did not do that but this is what I'm talking about. So when I saw that, when I saw that there, I thought holy crap and we talked about it in the room. I was right. I was right about where it would go. It was right. I was even right with the timing which is very hard people. Okay. So that's why I got out. I got out because I had 100% flip around of the amount of money that I had risked in the trade back and it made sense realistically to take it out. I saw it was happening this day whatever the day was here, forget it was a six and actually it came in here this day. You see it went when a baby read and then it flipped the next day but the bottom line is I was up. So I took it and I was up really quickly but if I had held the trade to the last day I would have made over $30,000 but I didn't. There's some of these I have done that I've made a really, really good money. I've never made $30,000 in one of them though but that day is coming but to risk $3,000 and make $30,000 that's a whole account for some people. So don't think you can't do it. This is what I'm talking about about balancing the realism versus the optimism and why didn't I hold it? Why didn't I hold it? End of the mark was strong because the expiration date was Friday. The expiration date was Friday. I didn't do this one out for more than a week. I didn't even do it out for a week. I took it here. I took it here. It was one, two, three, four, five. I guess it was Monday I took it. Yeah, it was Monday I took it and got out Tuesday. But anyways, if I had taken it out longer okay then I would have held it through seeing what the market was doing but when you're in something then you know you have a time value and it's up and however many days you have to weigh that. You weigh the profit that you're in that you've got up in the trade. It's never over to the fat ladies things but every time I look at one of these that I do that I make money in and I see some of these things I made the right choice. I made the right choice because I had risk in the trade which was the three grand. I was up real profit almost 100% return on investment and it was expiring that week. But to know that I was right on this the accuracy that I had and then I could have turned $3,000 into $30,000 this is what keeps me going. It's what keeps me going. It's what tells me myself that continues to motivate me to know that one of the days I'm going to risk $10,000 and make 100 grand and I'll have the trade out for two weeks. I mean there's just an unlimited amount of money from the market. I see it. I see it all the time. First of all I see it in my own trades when I make money in which I make a couple thousand dollars and then some of the options I've done I've made well over 10 risking three or four but I've never made $30,000 in an option trade but this is coming and you can make this on a day trade too but you'd have to hold it longer which I tend not to want to do past 10. But don't think that the money isn't real. Everyone that was in the room with me that did this trade we all got out and then we all saw it go and we all sat there done founded but we did do the right thing. You must balance out the realistic world of knowing what you're doing understanding that the trade expires on Friday and the right thing to do is to get out before the last day but knowing that you called it right or I'm talking about me is what keeps me going because it's the accuracy rate because if you had $30,000 to risk and you can turn that around and make a hundred percent in one day and turn 30 into 30 you know I mean why would you hold it? You wouldn't. It's the idea of thinking like a very wealthy person if you had one million dollars and you took a trade on a Monday and on a Tuesday you were up one million dollars or a little bit under it you would get out. So many people are too small minded about how they think and I'm telling you you got to get out of it it's real first of all my strategy works people are making real money with me I'm making real money with me and whenever I see something like this I'm I just I just love it it's what keeps me going so it's the unlimited incompetential and that is what helps to create your dreams the money the money is a vehicle to get you where you want to go in your life it's not something that you're sitting in a pile of money and going to sleep at night every night but it gives you peace of mind that you can pay your bills and do stuff with your life you don't have to work like I used to work all the hours that I used to do does anyone have any questions before we finish up here anyway success or failure has everything to do with the quality of your system and it has a lot to do with your attitude and you've got to get it right so what do I teach in my class I teach the 26 points I teach when to take the trains I teach the entries I teach you how to make money I do talk about having the right mindset in the class as well I I teach you the 26 points which is all day on the first day of the class and this gives you the confidence to take the trains on the one-minute chart because you're getting that early confirmation that you're going to have the institutional move okay and then you learn in the class precise entries with follow-through and you're looking for the targets so we go over how to find those in the class too so you learn the entries the plays how to train the open you learn my strategy the 26 points you learn targets and you learn how to get conviction in your training I think one of the benefits of being in the training room with me is that when I say something right away is like this people hear it in my voice and they and they just press the button and they take the train it makes it easier for people you know for me no one's no one's behind me telling me what to do when there isn't even time when I'm calling it what I'm saying 40 by 65 and I'm seeing it in live time and you just got to be ready you just got to do it but I don't think I'm hard to follow because I'm usually looking at one thing Jeff said I'm great thanks very kindly oh thanks Jeff Jeff you've been following me forever when are you going to do the class Jeff's been following me since whew I said I had the business for four years Jeff's been following me up for at least two anyways anyone can do this anyone can do this it does cost you money as candy was saying you know you can put it on a credit card you can split it up into a couple cards what whatever you need to do I understand that everybody's a different situation I will do what I can to help but you know my information is worth it and you're you're paying me for the knowledge and also the experience to learn with me and then and then be in the room with me and take the trades you don't want to blow up an account and then you know cry poor house and then not know anything and then not have an account and have to rebuild your account again okay it's about the idea of having personal freedom to do it oh there's Jeff he said he needs more money soon excellent see there Jeff's been saving anyways here's the course description it's a full and today course on how to strategically find pick and play stocks with a professional bearish gaps I always get this question retakes are free the class is online you can be anywhere in the world and take it I'm doing a special class for Sunday and Monday I'm doing this because it's the holiday and I thought this would be a good time sometimes people have conflicts on a Saturday with the holiday with family and things so I'm doing a Sunday and a Monday class the Monday will also be live gap ratings live trading we can trade right of ways on the Monday and then I'm doing Sunday and Monday I usually do Saturdays and Sundays but I thought this would help people who are busy with the holidays with some family stuff okay and as I said earlier I'm doing an anniversary special through tonight everyone that's already on my list knew about this I've been marketing it since Friday it's four years four years I've had the business 2012 I started it in December the stocks which LLC and here I am so I'm giving 20% off you'd have to sign up tonight for that you can email me I'm here it's only 5.30 I'm in New York if you know you want to sign up if you're thinking about signing up you can email me and get a trial for the room this week and be in the room we'll have trades we'll have things to do Oracle's reporting this week Adobe's reporting this week if you want to try email me there's also something special that I'm doing on Friday if you want to go to my YouTube site it's the stocks which on YouTube and subscribe on Friday I'm doing a live YouTube where I am going to be on a big screen with my charts and you're going to see me and I'm going to call trades live on Friday morning at 9.15 right into the open you can watch me on the YouTube live you go and you go and subscribe to my YouTube that's Friday which would be December 16th but you can be in the room the whole week if you want for a trial just email me at melissathestockswish.com but that'll be really interesting it's first time I've ever doing it you're going to see me and see my charts on the big screen and I'm going to call it live for anybody that wants to come and watch the YouTube live that's going to kind of be exciting is there any questions from anyone about anything I'll say one thing tonight before I let anybody go and don't forget you can email me here if you're interested in the class special or if you just have questions about the class I do make myself available to talk to people I am busy now I've got a lot going on I've got a crazy lot going on but if you call me and leave a message on I'll call you back if you email me I will email you back I'm you know I'm doing my best to help people as much as I can like I said though it's really up to you to be in balance with yourself to make it happen I'm not there for you to take the trains and you have to decide if it's something that you're ready to do I always think that the end of the year is a good time to get going I always like to get a jump on things everybody has their New Year's resolutions in January February till they get started on I like to get a jump on things like I to be honest with you and you'll laugh at me like in like two months to go in September I think I said 2017 and something on an email or in a webinar like my mind in September and October was ready into the calendar year of 2017 I was starting to think about my goals and what I wanted to do you know right now is a good time to get a jump on the calendar year for next year if you really want to become a trader and you want to learn something new like my system or if you want to make improvements to your own trading or change careers don't wait until January 15th or January 30th you know it's good to get a jump on the next calendar year and it makes you feel good about yourself one of the things I've learned from trading or in teaching I should say for four years since I've had the business is that I've met a lot of a lot of people it's been it's been a great experience I've met people from all walks of life that live everywhere in the world they're Jeff studies in Australia I find that I've really learned a lot about human beings I've learned a lot about people men and women and I've learned I've learned mostly about men most of my clients are men I do have some female traders and some women that I've taught but most of them are men there are mostly men that are trade the market and the gamut of age ranges of people I've taught is all over the place from 20 something to 80 something I've never taught anyone that was a teenager and I've never taught anyone over the age of 81 but it's a full wide range of people that I've met and talked to all over the world for one woman running a business I have clients that span the globe and that is very unusual and it really says something about what I say when I talk to people if you listen to me tonight or watch my other webinars the things I say really do make a lot of sense and if you trade on your own and listen to me and go back and listen to the things I've said or look at charts you'll understand that too if you didn't understand anything I said tonight and you go look at charts and watch some gaps this week or if you want to join the room it's really based on common sense the reason that I trade and it's really the reason that it works okay anyways I'm here it's very very dark even though it's only 5 30 daylight savings time have a good night have a wonderful evening happy anniversary to me if you're interested email me I'll be around otherwise I will see everybody at the next webinar in the training room and don't forget about the youtube live go there subscribe to the youtube and you can see me Friday morning training live thank you Kathy I've been with online trader central for that long


Welch yn y toffi tvir yw Everton News Daily. Everton's under 23 side won the Mini Derby last night at Amphil by two goals to nil. It was on Twitter, there was a shot of the scoreboard at Amphil Liverpool in the 11-2. Imagine if we could see that for the first team. They won again two goals to nil, two goals for Nathan Broadhead and Everton moved four points clear at the top of Premier League two four points ahead of Brighton, Hove and Albion with four games to play. Could David Unswet's men clinched their second league in three years? I think I've only won the reserve league about eight times, seven times in the history, it could be twice in three years. So what a fantastic job Unswet is doing with the 23s, but a really good result that against Liverpool last night. And in really difficult windy conditions as well, you know, really the grass was a bit long and everything. So for them to win against that wind was incredible football. I've not seen David Unswet's interview, so I don't know whether he referenced how difficult it was out there for the players with the wind. Anthony Gordon got an assist for the second goal, lovely bit of run and skill and a great ball in for Broadhead. And of course Gordon being linked with moves to Bayern Munich and Borussia Dortmund. You know, to again them links following the young players moving to Germany, but I don't think Anthony will be going anyway. But what a good result for for Everton last night. On the back of that some of the news, Kyle John, our young 17-year-old fullback has signed his first professional contract with the club. So congratulations to Kyle there. Apparently Everton's number one target this summer is Red Bull Leipzig striker John Kevin Augustine. He has apparently become Marcel Branders number one target for the summer. He has 12 goals in 17 starts for Red Bull Leipzig since joining them in 2017. He's made a lot of appearance as a sub 21 years of age, quick, got quick feet. Probably the profile that Branders looking for, to be honest with you. And Everton need a front man who's got pace and who can get him behind defenders. I think that's one thing we've seen this season is that, you know, our lack of pace in that final third in terms of the strike. You know, when Tieng Towson's played there, he hasn't quite got that pace. Dominic Calvert-Lunes done well, but is he quite ready? We tried with Charles and through the middle with varying degrees of success. So, you know, at least John Kevin Augustine is an out now striker to play for Paris Saint-Germain before going to Red Bull Leipzig. So, it'll be interesting to see whether Everton follow it up. They were linked with a move for him in January, but that didn't materialise. So, we'll have to see if those stories coming out of France and Germany as well are accurate with regards to Marcel Brands wanting the player. Sandro has been getting panned again in the Spanish press. He's now 18 games without a goal for Real Sociedad since joining them on loan. What do you do with him? He's had a contract. He's got another two years, rather, of his contract at Everton Football Club. Doesn't look like Sociedad are going to try and make this move permanent. He's going to come back again, I suppose, and it's an opportunity to try and force his way into Marco Silva's team. But, you know, the drop-off has been alarming, hasn't it, since he left Malaga. He had 16 goals and 30 games from Malaga and looked a real live wire of a striker. It looked like, you know, we were all excited when we got him and it just hasn't worked out for him whatsoever. And it's going to be interesting to see what the future holds for him. West from Ajalbion are keen on signing Mason Holgate this summer. The young Everton centre-back, full-back, has impressed our right back for West from Ajalbion and reports that Darren Moore wants to sign Holgate permanently. Again, it's a watch this space, isn't it? James Coleman not getting any younger. It's interesting to see whether Marcel Brans is eyeing up another right full-back, obviously Everton linked with one besaka, but I think he's more likely to join a top six side. So, what will happen with Mason? Who knows? Luca Dean has been speaking about Marco Silva and his training methods. Said that the training methods are very, very tough at Finch Farm. Marco Silva works the players really hard, but Luca Dean said the training methods are excellent. He said, we all like the manager. He works us hard. He's a training ground coach. He's on in the middle of the training pitch. And he said, we have to allow him time to build something because we are building something special at the club. And it's his first season, but all the players want to do well for him. But, you know, so we're going to have to wait and see, aren't we? Again with that is what happens in the summer with Marco Silva. You know, obviously the last couple of results have relieved a little bit of pressure on him. You know, we need another few results to just get a bit of momentum going into that summer and then see what him and Marcel Brans can do in terms of taking the squad up to another level. But Luca Dean, the latest Everton player to come out and really back down manager, so it seems like he's got the backing of all the players. So, yeah, let's hope that Everton's results improve. And finally, there's been a lot of discussion on social media in local news as well regarding Everton's Zeg cars with the siren, which we witnessed at Gwladyswn Park on Sunday, Jordan, up before the Masyside Barbie. A lot of fans want it to remain for every game. I certainly would keep it for every game because I don't think you should differentiate between big games and normal games because surely sometimes the time you need it is those games where it might be flat. So, I think, you know, trial it certainly till the end of the season. See how it goes. I think everybody liked it. Some fans suggesting to being particularly for a love that isn't any night games now, but would be have the lights turned right down in the siren start and then put them back up. I don't know how feasible that is with the floodlights that we have at Gwladyswn Park. Probably we've got them on the main stand. Probably take a bit of time to heat up in a new stadium. Well, you can do it because we've seen places like Wolves turn their lights down and thing, but I think most people are really behind it because I think we've seen such a positive impact on the team and on the fans themselves with the way the atmosphere has cranked up on Sunday that everyone's kind of gone. You know what? Let's get, let's do it. Let's get this atmosphere going because we all enjoyed it and it helped the team. So, long may it continue and long may the atmosphere improve a good. And along with that, I think evidence results will improve as well. All the players have commented on it. The managers commented on it. So, let's continue to do it. That is it for the news daily. If you'd like to subscribe, please do so now. And if you want more videos, get over and become a patron. It's sad. See you later.


Passengers have been stranded at train stations since the federal government announced free services for them nationwide. And that was from December 24th, 2021 and to end on the 4th of January 2022. Some passengers at a train station in Lagos were seen lamenting that the system was frustrated. Jacinta Obuku has more. At the Babatunde fashion at train station at Gigi, we were greeted by angry passengers who were hustling for their tickets. The train services were scheduled for 6am, 12pm and 4pm for the day. They complained about the process and boarding delay in the system. They disclosed that some passengers who were supposed to board 6am train were yet to get their tickets at 10am when our crew arrived the station. Ticket is free. But the challenge we are having is that the officers are not managing a location of ticket. Surely you understand.  I got here around 7am in the morning. I'm supposed to go with the 4th train and I'm still here. This is like 12 o'clock. From those that enjoyed this thing first when it started, I mean they said a lot of good things about it. But now it seems like there's no free lunch anymore. So it's looking like people have to tip some people to get in and all that. Some people are holding the tickets and all that. I've been here since early in the morning. So if what we want them to do is just to do the certain calculation, but then we got here. Let us know if we can. Because if we are here since 7 o'clock and we unfortunately could not even be able to follow 4 o'clock again, we are going back home. So far it's a bit stressful because, you know, in Nigeria anything that is free cannot be easy. But then I think since it's free, we should be able to endure the process. One of the passengers even stressed that the government shouldn't have approved the free ticket but should have reduced the fare instead. When you are running a business and you give it totally free, you are wasting the resources. You can subsidize not to let it be free. I don't see a nation that will be giving all these these kind of facilities as free for more than a day.  You are running anyhow. You are running free. It's all good. Some of the passengers alleged that some people are paying their way through the backdoor. However, passengers were warned not to cut corners but to exercise patience. This has been going on for days and citizens are waiting for the next line of action from the authorities. Joining us to discuss the controversial free train services is a public affairs analyst, Victor Okai. Thanks for joining us, Ms Okai. Thank you for having me. All right, of course, if you followed the conversation that one person had mentioned, that it may have been a better idea to subsidize the price of tickets instead of making it completely free, do you think that maybe would have been a better idea since, you know, a scene, you know, how it played out? Well, first of all, I didn't think that government are talking to, when you choose a period, like, since they utilize such a mass, like, across different parts of the court, court, simple economics were telling you that demand would outstrip supply because obviously don't have enough seats to take all the number of people that will be anticipated. And so what I thought the government should have done was sort of to get more people to try to trade. You know, but when you do that, if you try to do it, obviously, like I have tried, you'll find a lot of them, because it's really comfortable and, you know, it's really good what you said, but which things after that, you'll have a couple of market people who don't want you to trade as an alternative. And government do what it does, try to find the people that sit on the use of language and try to appear at the government. Some people have just thought of it as a great idea to win the hands of the masses and try to trade free. You know, of course, what you thought was not totally unexpected, you know, not a lot of success. All right. And still talking about this, Nigeria is slowly, you know, trying to revamp its railway system.   You know, transforming, I mean, transporting things and things in the nation, that's really a lot of things. Some names are known that. Yet, as many things as possible, you know, this, I mean, that's what you need to invest in. Another thing is, I don't think by the cabinet, because you're trying to make decisions. And we are, in some of my theories, I know, all these types of things, these types of stuff, these kinds of things. Okay. So, why not a complex private sector, you know, you should get, I mean, if you put trust in open private sectors, you'll find that it isn't the people who want to bring in wagons and all that. I don't care for the services. So, you know, these are things that I expected, I think that you should have done, you know, to make it easier. Some of through it, I've had to use the railway system, buy the trains, and then you'll find that there'll be a certain activity, and there will be, there'll be, the strategy for the road will be a bit more easy, you know, especially at the time like this. So, you agree that there should be a little, you know, the conversation on privatizing certain aspects of the railway system to make it run more effectively? Oh, yes. I think we'll try to concentrate on the rail, and then let the private sector provide the services. Okay. Also, if you watched that report by Jacinta Obuiko, there was also talk about tickets being hoarded and then sold, you know, maybe even at higher prices, and that already showed signs of corruption in the system. How would you suggest that that is completely stamped out? Yeah.  But let's also... No, they're not doing it, but they're not doing it. Well, my first friend changed it from selling the line, and they didn't tell me, I have to say that not to do that. When you have to go to an education, at least one hour or so, before they buy the tickets, I'm bought the train. All right. All right, Ms. Okai. Yes, they're doing it, and they're doing it well, until they have reason to have chance to learn to do that. All right.  But it goes with us for our numbers, the size of our economy, and from every indexes, that's something that this language, you should be learning, that we should be taking the lead. Ms. Okai, thank you so much for your time, and thanks for speaking with us. Thank you for, thank you for having me, as always. Absolutely.


Hello and welcome to NewsClick and today we are going to discuss net neutrality, the latest recommendations made by Telecom Regulatory Authority of India. To do this we have Rishabh Bailey with us. Rishabh, you and I have been involved as Knowledge Commons giving various representations on the issue of net neutrality. So are you happy that starting from what was called the OTT paper over describing the internet as over the top services, to what has come now, this two and a half years I think it started in 2015 to now 2017. Do you see that there has been a distinct shift and clarity in what the Telecom Regulatory Authority is now done or is doing? No, this clearly been a huge change in the way the Telecom Regulatory Authority and the government itself has been looking at the issue of the internet and regulating the internet from back in 2015. At that point of time the government was primarily concerned based on representations made by the industry, by the telecom industry who were facing or who feared losing profits because more and more people were migrating to services like Skype and so on, which they could use to avoid making regular phone calls. So the attempt then was very much to see whether they could try and bring these internet services under the same regulatory regime that traditional telecom companies have. Now we see that given this sort of two and a half year process, multi-stakeholder consultation process, the government has actually changed its stance in order to recognize the fact that content on the internet really should not be differentiated based on what it is being used for. And the second part of course is that increasingly, voice is looked upon as something which is a legacy service and really everything is becoming, shall we say, digitized and packet based. So effectively what you are seeing is that even voice is migrating to essentially the internet as voice over the internet protocol is of course one part of it, but other part of it for instance takes you, which is really converting everything to data packets and as we know the backend of all the long haul networks even for Indian purposes are again using essentially digitized traffic. So it's a recognition that times have changed and that it's no point looking at things from that same perspective maybe. So in that sense yes, we are, I mean I am fairly happy with the recommendations that Tri has come up with, which are fairly broad based and holistic in nature. They take a more principled approach to the issue of neutrality, looking at laying down broad regulatory principles rather than specific rules by which they will regulate the internet. Of course that leaves space for further rules to be made in specific areas in the future and they will I'm sure be numerous little fights to be had over the coming years. And it's a very distinct shift of focus shall we say, then what Mr. Ajit Pai seems to be doing for the United States, which is to throw out the baby with the bath water and in fact abandon net neutrality itself for what it appears and that would essentially mean that at least in India our regulatory regime is really being aligned to what has been the demand for most of the internet users. It's also interesting because if you look at what happened even in the US when the first rules were passed under the Obama government, the amount of public attention and the involvement of various stakeholders, civil society, various content companies and so on was one of the reasons it created huge pressure on the regulator at that point of time in order to pass rules which were broadly in favor of maintaining the internet as a free and open space, which is the idea behind the internet and which is something that our regulator has also recognized. Here now however we have Mr. Ajit Pai who is an ex-lawyer from Verizon clearly connected to the industry who has now gone against this public pressure to say no we will do what is right for our big corporations. Do you think we can say that in some sense that neutrality recognizes that internet is playing a public utility function and therefore needs to be really regulated for public good? Absolutely I mean that is the crux of the net neutrality debate essentially on whether you can privatize bits of the internet and charge money or toll for you know accessing these areas or whether it should be essentially a free for all with certain regulations and restrictions and the fact that it is increasingly be used to provide all sorts of services people are using it to access information our government is trying to push more and more government programs through it means it has to be treated as a public utility whether you now deem it as important as electricity or water is debatable but no doubt it is reaching the level for an informed citizen you have to have internet access now. The government wants every banking money transaction to move to the internet of course it has to treat it as a public utility it leaves open the question then you declare section 144 ban the internet for the pressified periods and so on and how do you square the circle of keeping it consistent with the public utility? Absolutely no I mean that is a problem that in particularly states like Kashmir and so on where you have blanket bans of the internet so one is not quite sure how you deal or you square these these two positions but no doubt that this is a step forward in ensuring that the internet is gradually recognized not just as a public utility but as a right to access. Coming back to the actual recommendations and as you said rightly that this is more establishing certain principles and not looking at just rules because you've established the principles rules are easier to derive if you don't then you can get contradicted rules come in and then it becomes very very arbitrary and that was always and it provides a certain amount of flexibility to deal with new technological innovations that might occur new practices that one might see in the market as long as it's all specific rules are made to deal with specific situations keeping in mind the broad principles that have already been laid down I think that is the attempt of try over here and I think that should be commended. There are two car routes which try has left into a certain degree open one is what it called specialized services and in this they have said certain services which use IOT could be specified the specialized services but the car route is very specific it says that it has to be declared as a special service and you cannot just on your say so claim it to be a specialized service so that is one do you think that it's a good step leaves enough flexibility for new technologies as you say or new services as well as maintains that in the name of specialized services you do not create a private space. No try I think has been fairly clear in saying that specialized services must be specific services which are optimized or which because of the kind of service it is that needs specific conditions to function at the same time they've also been really really clear in saying that specialized services cannot be a replacement for general access to the internet and also that while providing specialized services you cannot cause harm to the general public internet so for instance Facebook cannot now say zero rated the zero rating platform it was running is a specialized service and therefore we will provide this because that's clearly then an attempt to get around net neutrality regulation they cannot just be normal services which are now moved into a specialized category and of course there are specific tools on the internet or specific services which do need you know very quick connections a hundred percent packet receipt or you know a high percentage of packet you shouldn't have too many packets dropped and so on and so forth so no doubt there is a need for this cover which is also of course useful in the case of say public emergencies if the government itself wants to provide particular services whether it's education medicine so on and so forth so there is a need for this cover and I'm glad that try has sort of laid out very clear boundaries for this what cannot be classified as specialized services and then make it compete with the open internet exactly and as you were saying I mean there were some suggestions during the entire consultation process that the internet of things itself should be kept out of the net neutrality framework and I'm glad in fact that the try hasn't firstly the internet of things is rather nebulous concept it broadly just refers to every device which has an IP address and is connected to the internet so as a cell phone exactly the other issue is really content delivery networks does it violate net neutrality and what are the limits of the content delivery networks now for the lay people content delivery networks are for instance Netflix Amazon etc etc particularly video on demand kind of stuff yeah so what content delivery networks actually do is if you have a Netflix whose servers are located physically very very far away from from the user it will likely take more time for that content to be accessed so therefore you hire services or you hire co-location services which are closer to the user so that the person can access them I mean it's a distributed method of accessing information is actually the same thing in lots of places exactly and what it would mean for instance if a certain kinds of films are popular in India they will have local servers catering to that in India while for instance Spanish films may be buffered or stored in servers in Latin America say for example so now try has actually I think done reasonably well to exclude CDNs however what is interesting though is that they do point to the need to ensure that there is greater transparency in the CDN market as well because right now no one knows about the sort of arrangements that are taking place between service providers and content delivery networks and these sort of providers so this is basically what would mean then the content content delivery networks when they interface to the public internet which is ultimately through which the content really comes to the user that part of it is at the moment identified as an issue but really no no may no deal shall we say rules have been laid out for that so that's sort of an open issue at the moment because it is possible to the back door content delivery networks may get privileged over other services so that risk remains but it is good that they haven't taken a decision either way and left this as as of now because look ultimately the issue also comes down to if I have you know very very fast as a service provider if I have really really fast servers which I can afford because I'm a bigger company I can provide faster services on the internet so this does give an unfair advantage to the YouTube's and the Facebook's of the world but given the fact that there is this issue that they are today hosting a huge amount of content therefore this does not seem to be something that we should prevent unless it mitigates against other at the level of certain ISPs privileging no so that is exactly the issue so even CDNs will I think ultimately have to be regulated in a sense that they cannot enter into discriminatory agreements with companies and the last my for the last one so that is where I think try is coming from and it says that we need more transparency on the agreements that they sign with ISPs because then that then becomes the next step how do we regulate it once we have this information on the practices that they are actually following now it's also something that we have discussed earlier which is particularly applicable to the no anti-net neutrality positions that for instance the US regulator is taking that ultimately this issue is that you need larger bandwidths and the policies should be something which encourages increase argument bandwidth rather than try and ration bandwidth and therefore get the existing telecom operators generate rent from creating an artificial scarcity and that this therefore the net neutrality rules therefore would be in that sense promoting a wider bandwidth generation rather than creating rent incomes to scarcity at the moment the the recommendations are very clear that traffic management practices must be reasonable like they must be transient they must be proportional and they must be carried out to meet one of the four or five conditions that are mentioned the regulations to you know improve security of the network or for network you know management practices whether it's to deal with public emergency so on and so forth so there are few things specifically mentioned that they can use it for so it's good then for instance that they cannot use it now for commercial purposes it's already taken care of but however we will need to see how it is actually implemented in regulation also what will be important is how it is actually monitored and how penalties or punitive action or bans of any kind are enforced at a later stage try has taken a slightly unusual position on this by creating a multi-stakeholder group to make recommendations and I was actually wondering what your thoughts are on this particularly in a country like India where you have such vast differences between the various stakeholders I think it's interesting that they are talking about multi-stakeholders because normally the stakeholders they have respected more than anybody else has been the telecom operators and I think what they're increasingly realizing that the way this is moving dynamically particularly based on internet that that's a very restrictive view of the internet itself and therefore they need to have more people come into the room for the discussions and I have to say that I think the net neutrality debate has also been very important in terms of the public voice which was at least forced into the tREI particularly after the OTT service has got a very negative reaction for the people and after that the Facebook case which as you remember the zero rating case by which they try to privatize if you will free basics issue and both these did may get the public voice heard and it was also very clear that the public voice was an aware technically informed voice and it was not just creating opposition for opposition's sake and I think it's that recognition which has driven the multi-stakeholder approach that they have talked about two provisions over here one is that it is possible as we know very well the multi-stakeholder process itself to be corrupted by co-opting certain kinds of stakeholders and claiming them to be people's representatives that can happen even more easily when you talk about public interest groups because whether they're really public interest or private interest is a difficult question to figure out the second part of it I think that we need to also know particularly areas you're technically relatively more complex when you talked about traffic management or traffic management is a technically more complex area then the broad net neutrality debate that we have been having and we need to see what kind of technical expertise the public interest groups will be able to bring into the debate but I think it's a recognition and that's what has also really differentiated the TRAI from other regulatory bodies in India that they have had much more public consultations and forest is the electricity regulator this has actually been a two-year process with at least six or seven public consultations various open houses so in that sense I think Tray has done a wonderful job in taking the country on board if I can you know be as and also moving from its initial position to position it has now and we have to give everybody a pat on the back back including ourselves who participate in the process and we helped everybody has helped themselves and here I come to a better understanding of the debate particularly when it is moving retrogressively in what many of the Indian tech industry will consider their fatherland namely the United States I think this is a really welcome change thank you very much Rishabh for being with us and I hope that you would be appearing for knowledge commons to which we are both parties on such issues in front of TRAI as these things developed thank you very much for being with us this is all the time we had for news click today keep watching news click also visit our youtube channel and also visit our facebook page


and 950, okay, what expiry, Brian, April 22nd on the ZS. ZS is somewhat inversely correlated except for this huge thing over here in June of last year, okay. So something has happened over here, I guess it just went into a bubble area perhaps and boom, it just came down. So now I don't follow this particular instrument but we don't need to, we don't need to, regardless. So let's go take a look at these options of the soybean. It's very interesting, I've never seen soybean chart before. Okay, so looks like they have pretty much monthly's or quarterly's, okay. I mean there's no weekly's or things like that on soybean. It's the May 17th. Whenever you analyze a trade, the first thing you have to understand is what? Like for me, I'm looking at soybean for the first time in my life. What is it that you want to know when you look for a trade, especially with something that you have never seen before. See, there's got to be a couple of things that you have to go for right away when it's a new instrument and if you don't know, yes, bid-ask spread of course is one of them and I see that the bid-ask spread is pretty bad over here. So that is definitely going to be one of them but even before you get to bid-ask spread, there is something else that you have to look at. You have to understand about this particular instrument. Ivy, exactly Chris said that. Ivy, perfect. So we need to understand what is the implied volatility of this particular instrument and what's its history kind of thing. So currently it seems like the implied volatility is somewhere around, what is the front series, April is 17, okay. So 18, 19, 20, it's going to be like that. So that's fine, we just need to understand that. So the first thing I would do in such a case where you have a stock that you've never seen before but somehow, whether it's news or whatever, you think there is an opportunity here but you've never seen it before, you've never traded it before. So how would you deal with it? So the first thing I would see is implied volatility. So let's go to the charts. So what I've put here as a lower study, it can never go too wrong but it sometimes might miss some good points, that's the only problem with it. But average two range is a measure of how much movement there is, which is in my mind, that is the real volatility in the market, which is how much movement. It's not about demand for puts and all of that if you saw my VIX post. Looks like its volatility is coming down from this point. Yeah, I mean, oh, this is interesting. This is interesting. So you have to look for these abnormal things that you see. So from here, the soybean price is just going up. Its average true range is also moving up. For our purposes, I'm going to put another study because what we want to know is its historical volatility number. ATR, I have it and I'll just pause it for now and then we'll add the historical volatility. It's somewhat of a better calculation than I think even your VIX calculations. So historical volatility is going back about 20 periods here and what it does is goes back 20 periods. So it's going back, things are always per period that you're looking at. You might be looking at a five-minute chart in which case these all would be five minutes. So here we are, we have both the ATR and the historical volatility. They have almost exactly the same chart right here. I mean, totally correlated with each other. So that tells me that there is some stability in this thing right now because when you see two or three things converging almost to the dot, that's when your probability of the trade increases, liquidity, very good Daniel. Some stability comes in there. There's no standard measure of what is a high probability trade and what is not. Just like there is no standard measure for knowing whether you have the edge right now or the market maker has the edge, but we can be sure that the edge always starts on their side. It doesn't start with us. So that we can be sure of and therefore you have to make every effort to try to get that back because you've already given up some edge when you enter the trade. In this case, also you want to see a number of things confluence together. If we say that there is some stability, we should see some stability in the moving averages. I mean, because it's not going crazy and so there should be some stability there. So moving average. So now we have the moving averages also. Sometime in April last year, soybean prices really took off. So the futures went from 900 or 850 all the way to 1200 in three months. So that's pretty intense and so obviously historical volatility has increased. If you think of the VIX post, I don't know how many people read it. Other than stock options, these things are behaving like volatility should really behave. Look at this. It's not just about the downturn. I mean, the whole fact that the VIX goes down when the market goes up and the VIX goes up when the market goes down, it's just crazy and it certainly is no reflection of volatility. But look at this. This is very interesting. It's very cool. So let's move on. So we've got a good idea now. The volatility is at somewhat of its middle to lower ends. We should be seeing a period of stability, notwithstanding this last few days over here. This is the one thing that's not looking good. It's at a very precarious point right now. You can see that to today's trading, there is a green bar and so the futures have started at least somewhat positively as far as the soybean is concerned. So you're expecting a big move. Why is that?  I mean, don't get me wrong. The volatility is pretty low. So if you were to buy a triangle, this is the time. It's at its lower end. I mean lower range. But I just want to know what your basis was for doing a triangle. You think about it and let me know. Meanwhile, let's keep going because there have been other ideas also over here.