Focus On One Strategy- For Beginners & Advanced Traders

If you would like to chat questions, I'm writing a hi in the chat. You have to choose new chat and you have to choose my name to chat me. I'm the only person that can see the chats. Ann is there? Can everybody else hear me? If for some reason you do not know how to chat, you can always email me. The chat does work though. You just have to message me directly. And here is my email if you want to send me a question if for some reason the chat you can't figure it out. Oh, there's Paul. Paul got the chat right. Wonderful. Excellent. So, here we are. We're going to talk today about my strategy on gaps, a little bit about trading, and again, it doesn't matter if you're an advanced trader or beginner trader. Going to talk about some trades from this past week where I will show both a couple, you know, two different risk amounts. Again, I consider myself an advanced trader because I've been trading for quite a long time. Um, and again, everyone has a different amount of money that they're trading. You have to take your total amount of cash and decide how much you want to make per trade. If you have a small account, if you're a new, if you're a beginner, you can grow that account over time by taking good trades, quality trades. So, just, you know, I think people need to understand even if you have a small account, you can grow it. And you know, a lot of people now can trade really doing options or margin trades because all of the margin requirements now for normally having the 25,000 due to margin trades. This are gone. They're gone this year. So that's really opened up a wide amount of people that can now just take, you know, 50 shares, 100 shares of a stock and short it. You no longer need to have 25,000. You can have $2,000 in an account and you can get 4 to1 margin at a retail broker. So, that's new and that's great news for people that have small accounts. Okay, so let's get started here today. If you have questions, you can email me at melissathetockswish.com. You can always call me at 9293200gap. And you can follow me at X, which used to be Twitter, Facebook, or YouTube. I put a lot of videos on YouTube and that's probably a good place to watch, you know, some of the past webinars and learn a little bit about more about what I do. But again, I've been trading for almost 20 years. It's hard to believe. And one of the things that I figured out very early on was that it was important to be focused and I really only needed one good pick a day in order to make money in the market. So if I did one trade a day and if I added size to that trade, I could be successful. I would also not have a lot of losses. You know, some people trade all day. Well, then you're, you know, you can have a lot of losses as the day goes on. Sometimes some things look a certain way in the morning in the market and then totally turn upside down by the afternoon. So again, I trade and focus on the morning, which we'll talk about here today, too. So just from my experience, I've realized and what I know for sure is that laser sharp focus is very critical in trading. If you're not focused enough when you choose what stock to trade each day, it is very easy to lose money. There's too many stocks out there. Things are moving very fast. Things can change on a dime. You can get sucked into doing all of, you know, all kinds of trades. Before you know it, it's an hour into the open. You've done 20, 30 trades. Trust me. You know, when I started out, that's I mean, I was doing that. I didn't know what I was doing when I started out. But the fact is, in the same respect, it is very easy to make money if you know what stock to trade and have a consistent focus. So, when I realized that, then I could I knew I could get this thing down. And then I set out on my own track to figure out a way to find the best stock to trade each day. And in fact, if you can easily make a living trading if you have this consistent focus and making money trading is achievable. It it just is with the right system. You can trade full-time, you can trade part-time, that's totally up to you. And you can do this as a career. You know, if you want to make money, you can do it. Again, you start with what you have and you grow it and you build it and you learn over time. Okay. So, anyways, as I was saying, I focus on day trading, but I also do options. We'll talk about options a little bit too, but I enter and exit positions in a day trade the same day. Sometimes in five minutes, okay, that is not a buy and hold type of strategy where I'm investing in stocks. I'm not investing. This is a income production. I'm getting in, getting out. Getting in, getting the move, booking the money. I make the money, get out. Again, I say make it, book it, chunk it out. So, that's another critical thing I think that a lot of people get wrong because they confuse day trading with investing. You have a retirement account and you want to buy stocks and you or the market and you want to hold them. That's fine. That's not what I do. Okay? I'm in and out very, very quickly. I get the move and get out. Now, in order to get the move, I have to actually get the direction right. Then on top of that, I have to get a stock or pick a stock that actually moves. That's going to have a big move. Okay? And then that's where the focus comes in. But I'm usually done trading every morning by 10:00 a.m. You know, sometimes 10:15, but for the most part, I'm done pretty early in the morning. And there is a huge upside potential to trade. You want to do this because the amount of money you can make is really unlimited. It's only a factor of how much you risk once you learn how to do it. But of course, you're not going to make any money at all, and you're going to lose if you don't know what to do. So, you could have all the money in the world to open up an account, but if you don't know what to do, you're going to lose it. So, again, understanding what to do is extremely extremely important. The other benefit is you can work from home. And you know, for me, living in New York, actually, it's extremely convenient. If I had to get on the subway every day, it would be stress, stress, stress. I'm so lucky that I don't have to do that. Many people commute every day. Some people drive to work every day. Um, you know, so there's all kinds of people doing all kinds of different things all over the planet. And I'm telling you, the idea of working from home and only working in the morning is very advantageous, you know, and and it'll saves you time in your life that you'll have to do other things besides the fact that you can be your own boss and you can set your own schedule, make your own vacations. So, there's lots of reasons to day trade. Uh, you know, even if you're like, "Oh, I'll be happy with $500 a day. I don't need to make thousands and thousands and thousands a day." That's fine. You know, $500 a day is $2,500 a week. That's 10 grand a month. You know, that's really actually good money for the amount of time that you would spend trading. So, when I started trading, I wanted a new career. Some people want to do it and they like their careers. They just want to trade on the side. They just want extra money. Cost of everything are going up. Honestly, inflation's still too high. In fact, one of the things that happened today that the market dropped is because the Fed minutes dropped and you know, there's a possibility they're going to raise rates between now and the end of the year. I'm in the camp. I think they will be doing that. And I think the meeting the meeting minutes today actually inferred that. So, it'll be interesting to see what happens and the pressure it puts on people for borrowing costs if they raise the rates again. You know, the market really doesn't want that to be honest with you. So, you got to take it upon yourself to decide where you're going with your life. You can't wait for your boss or just things to just turn around in the world or the economy. The only way to get around it is to make more money. And the nice thing about trading is again, you can trade in the morning and be done very quickly. So, trading is a career that can offer you financial freedom, fulfillment, and happiness. I I really like what I do. I mean, I like making money quickly. I like making money fast. I do like reading charts. I love charts. Everything I do is based on charts. We're going to talk about charts today. But the fact is, the money is good once you learn how to do it. And you can have the life you want if you're willing to learn something new and then develop the skills to become successful in a new industry. You know, I had someone email me the other day that said, "I'm a beginner. I don't know if I can do this. I'm brand brand new." That's okay. That's okay. You can learn something new. There's nothing wrong with that. That should be exciting. However long it takes you to learn it is however long it takes you to learn it. You know there's nothing wrong with that. But again the key is the focus and you need laser focus in trading. Uh you know you really do in any job where you're going to make a lot of money. It's always a specialization. You know someone says well I want to be a doctor. Okay. What kind of doctor? Or I want to be an attorney. Okay. What kind of attorney? I want to be an accountant. Okay. What type of uh accountant do you want to be? So all any job where you have the potential to earn a lot of money, you have to have a focus. This idea of being a jack of all trades, h it it really isn't going to help you in the market. It doesn't make you big money. You could talk a good game at parties and act like you know all kinds of things about tech stocks and AI and everything else that's going on in the world, but if you really don't know how to make money in the market, it's worthless. really when when push comes to shove. So understanding how to make money is the key and that was I it was something that I always always always knew and I was always motivated about it because I wanted to trade as a career like I said. So you need to have this laser focus. Masters of the market are masters because they find their niche and exploit it. And how do they do that? Focus on one thing. Trying to learn countless fundamental and technical strategies leads to never becoming proficient at any one of them and then frustration and failure follow. Over the years since I started the stock switch, I've had people that have followed me and then done other classes. Then they come back and they start to think about my class again. Then they try something else. Then they come back to me and eventually then people end up doing my class. And the fact is like they just jump around from thing to thing to thing thinking that they're going to get this magnificent thing that's going to be the answers to their prayers and it never is. And they just jump constantly constantly around. It's one of these things where again if you've been around the block and you've taken other classes you understand that where people are just giving a broad-based general view not really teach you how to make money or they're talking about all kinds of things and really don't give you the focus that you need to actually go into the market take a trade and pull money out every single day because that's what you need to know how to do. I mean that's how you're going to have to be able to do it. So I trade one strategy. My strategy is called the golden gap. Every day I get up in the market and I'm looking for stock that's gapping and I usually focus on shorts. However, I will go long. If I don't find any good bearish gaps, I will do bullish gaps. I usually do one trade a day, maybe two. Okay, this limits losses and maximizes profits. I do not trade all day usually till 4:00. If I'm in an option, I may be in an option and watching it, but again, I do options for the weekly expirations. So I don't take a trade and then necessarily have to get out of it that day. I could take a trade as an option and hold it or I could get out that day if it's up but I don't have the pressure where on to get out immediately. So it's the morning time that I really really focus on. So the other thing is too and again this is my experience my experience talking to people over time. If you get good at something, not only will you be able to perfect your strategy and the niches within that, okay, which I've done, but you also gain more confidence in yourself and you will gain more confidence in yourself to not only trade the strategy, but to make money and then you won't feel constantly a victim of the market. I sometimes take trades and the trade if I take a trade and the trade doesn't work, I get stopped. I might take it again. I call that a retake. Okay. The reality is I don't get mad at the market though. If I take a trade and it gets stopped, I don't hate the market. I don't hate the stock. I don't want to quit trading. I understand that there's odds to this. There are odds. There are odds in everything you do. You could cross the street, get in a car, get on a plane, something could happen, an accident could happen. You never know. So, trading again, you have everything set out. you have everything planned to do, but it may not work out exactly the way that you want it to at that very specific moment that you take the trade and you may take a loss again. Sometimes I do a retake where I will take it again. Sometimes I don't. Sometimes I accept the loss in that trade and then I look for a different stock to trade. But I never lose confidence in myself or the system and I never hate the market. It's the odds that you're playing. You got to know that when you go into it. If it wasn't the case, then I could risk my entire account in every trade I take. That's not reality and it's not reality for anybody. So knowing that you will have some trades that lose is more of an acceptance. People tend to take it personally. It affects their self-confidence and then they make even worse choices, you know what I mean? the next time around and then they just rack up loss after loss because I've been doing this a long time and I know my system very well cuz I invented it. I know that if I take a loss, the next three trades are probably going to work. So that's just me from doing this and understanding what I do and having a lot of confidence. And I think the benefit of people trading with me and being in the room is that they feel the confidence that I have when I'm trading to help them take the trade or to help them take it again if we get stopped the first time. Do you know what I mean? I'm seeing some people come in here late. If you have any questions, you can write it in the room. But anyways, we're looking to find stocks that have big moves, okay, at a specific time. And you size yourself based on your cash. Now, we were talking about uh one pick a day. We did meta this week a couple of times. A couple of times. So again, this was my focus on Monday, on Tuesday. Here was the trade. I don't have today's in here, but this closed here, gap down, and fell. Now, what is a gap? A gap is a difference between the close and the open. So, every day I look at stocks that are gapping to determine if I want to trade them. If it's a long, if it's a short, I determine here that this was a short. So, we shorted this. This had a huge move. So, a red bar depicts what? Selling or shorting. Okay. And again, all you had to do was this. You didn't have to do anything else. You could have done one trade here with whatever size you would have allocated and you would have made money and you didn't have to do anything else. Again, that was Monday. So, Monday we did 9:39 in the morning. We did the meta 575 puts that expire Friday. You actually still could be in this trade. I am not, but you still could be in this trade. Okay. So, let's just um take a look at this here. This was Oh, wait. Do I have the option in here? Oh, shoot. I don't have the option. Oh, no. Here's the option. This was the 575s. So, it cost $675. This was in the 17th. 15 contracts. You could have risked 9375, sold at 31. Profit was $37,25. This is almost a 400% return investment. You could still be in this trade. We'll pull up the chart in a minute. I got out. This was a lot of money. This was a good call. Okay. Made $37,125. Now, we're talking about beginner and advanced. What if you risked $1250? You could have made almost 5 grand. This is a beautiful call. $4,950. Okay. So, let's look at the chart now. Can everybody see it? So anyways, this is the day we did it. Got the drop, boom, got out. But it actually continued today. The low today was 53727. You could have squeezed more out of this today and you still could be in it and it could be lower tomorrow. Who knows? Or Friday. I'm out of this trade. But I just want to show you to do options. You can get out the same day. You can carry them overnight if you want to. Options have a fixed risk. So again, if you're like, "Okay, I'm willing to risk $1,250." Knowing that that could lose in its entirety, but also I won't lose more than that. And that's pretty much the choice you're making when you put the trade on. You're taking the risk. Okay. Now, if the trade goes the day of, you can get out if you want to hold it. If you have time left, you can and then you can get out. At some point though, you got to get out. Do you know what I'm saying? At some point, you have to get out. But for people that like options, it's a way to trade a stock like Meta, which is expensive, okay? Without having to worry about having the margin to take shares, even though we've done day trades in this, too. We're going to go over one here as well. Any questions about options? So, I've been talking about the focus. The focus here was meta on the 17th. That was my focus. Could do it as a day trade. You could do it as an option. Could have even done it as a swing trade. Okay. So, I said, "Okay, I think this is going to have a big move. I want to do it." And the move is also going to happen how to the downside. That's what a put is. A put is a short. Or if you did a day trade, you would have done a short. I did not think that was going to rally. I was correct. Okay. Again, getting the direction right is critical because if you don't get direction right, doesn't matter how you take the trade, you're not going to make any money. So, I mean, again, if you're a long meta, pretty much any day this week, you lost. You lost money. You had to be short it. Okay? So, I find specific stocks each day that are gapping. So, meta was a gap. I rate the gap and predict the direction the stock will move before the open so that I can get in it fairly quickly. Again, we did that option 9 minutes after the open. So, stocks that gap per my system are created and moved by institutional money in the market. What does this look like? It looks like if it's buying, it's money coming in and moving the stock price up. If it's selling, it's money coming in and they're dumping it and it pushes the stock price down. So what happened with Meta? People dumped it. Again, if you want to look into why or this and that and that's something that you want to do, you can do that. But again, institutional money was in control here to the downside. Okay? So again, the bears, the bears were in control here. The bulls weren't in control. Look at the size of the bar. Okay, any questions about that? Now, we're talking about one focus and one pick. Again, I want to see ideally a big move. I want to see a big move if I'm doing something hopefully. And then whether you take a small size or a big size, you'll make money. Do you know what I mean? Now, here was the day trade that we did. This was on the same day. And again, I'll bring up the chart in a in a bigger I'll blow it up so you can see it. But we entered at 58160. Got out at 567. A beautiful trade. This is a day trade. You would have needed a margin account to do this. Again, you can open up a margin account now with less than 25,000. Depends how much you have to risk. 2500 shares. You could have made $36,500. This kept going. Again, this wasn't even a low of the day exit. So, you could have made this. What if you risk 600 shares? 1260. Again, if your risk is around $1,000 or $1,200, you could have made over eight grand. That's like a huge trade. Again, this is the margin trade. So, we did puts and we did a day trade in this. And again, I'm going to bring this up. Let's go over here. So, I was talking about quick ones. I actually held this train a little bit longer. Um, I missed the morning exit and then it started to back up on me. So, we were and it started to back up. So, I decided to hold it which really paid off. That is not something that I always do. But I believe this would continue to sell off. It did. It kept going. In fact, let's look where the low of the day was in this low of the day was 56475. Look at that. So again, what is this? This is selling. This is institutional selling. And if you want to make money, you would be short this. Again, like I said earlier, if you were long this, you would have lost. Would have been the wrong direction. So, not only was it a good pick because we got the direction right, all we needed was this. No matter how you did it, you would have made money if you were short this as a day trade or a put. And that's what I do every day. I don't do meta every day, but I look for the right stock to do every day. I look for a stock like that every single day that I think is going to fall and drop. And if I don't, then I look for something to go long. So again, you cannot short every bearish gap just like you can't go long every bullish gap. The market gapped up today. You couldn't have gone long it and made money. The market failed. Okay? So it's not as easy as taking the gap in the direction of the gap. So, my system involves predicting where a stock goes by reading the gap that is made with institutional money. Are they going to buy it? Are they going to sell it? I rate the gap daily using a 26 point rating system I created. It works for fast early morning trades and you can do options. And I'm doing the weeklies, which you could do them out longer. Now, again, going back to the market, let's look at the spy again. And again, a gap is the difference between the close and the open. The market closed yesterday at 76745 and open at 77036. This was a bullish gap that failed. So if you went long here, you would be down. Okay? So you can't just buy every bullish gap and you can't just short every bearish gap. So that's how I developed the whole system. I said, "Well, let me let me see what do I need to see? What do I need to look for?" And that's what I set out in creating the 26 points. And the nice thing is you can use it for options, you can use it for day trades, you could even use it for swing trades. If you're someone that really wants to go long and buy and hold or short and hold, you can do that. You essentially have no stop if you're doing that. If you're not doing options where you have a fixed risk, but if that's what something you want to do, you can play a gap out for much much longer term. I'd size yourself down for that. and you would have to give yourself much much bigger targets to make it pay off. But that is definitely something that you can do. The whole key is though staying on the right direction, not varying off the path. You know, that's the important part of it. And then obviously getting the right pick. So, you know, when I started trading, I was doing day trades and then I got into doing options because I noticed that options were going. I would take a trade and it would keep going maybe for a couple of days and I said, "Wait a minute." you know, and I realized that I could hold something overnight. So, by reading the correct direction of the institutional money in the gap, I could actually profit by doing day trades and options. And then I got into doing options um you know, a number of years after I started day trading, but I still like day trades. I still like day trades. And for those of you that don't have margin accounts, you can do options as a day trade if you want and you could get out very quickly in options. You'll still be profitable the trade goes right. You could do the daily expirations or they have Monday, Wednesday, and Friday expirations for certain stocks. Now, again, that's something new, too. Any questions about anything here that I'm talking about? Um, Andrew is asking about charts. No, you can use charts at any broker and you can make them look like mine. And there's so many brokers out there now and they have free commissions. So if you have an account someplace, then I would stay with where you're at. You will learn in the class. We talk about candlesticks and charts and you can make your charts look like mine. So I would go and trade at a place that you're comfortable, that you're familiar. If if you've never had an account before, um then you can still go anywhere you want and make your charts look like mine. But you will need charts. Um, you will need to be able to see the daily. Um, this is the daily chart. This is what we've been looking at here. This is a daily chart here actually of CVX. So, we did calls in this. Look at this beautiful move. Again, this is Chevron. So, we've had a lot of things going on now with the war again. And so, Chevron is been moving up. So, we did the 195s. This was last week. 810. This is a nice call, too. So, I call us a long. So, we played the bullish gap on 810 here. Did the 195s, got the rally. Boom. And here's what I did with this one. Paid $135. That's so cheap. So cheap for a stock this price point. Sold at 350, made $15,50. 159% return investment. I could have held this longer. I could have. Again, I'm trying to get in, get out, make money. Get in, get out, make money. Many of the trades here I'm showing you, all of them, I could have made more money. I could have held them longer. That isn't really my goal. My goal is to find the best pick, get a great entry. I'm very good with entries, and then get the move and get out. Very difficult to determine the high of the day and a long or the low of the day and a short. If you try to do that, I mean, you're going to pull your hair out. You will get back money in trades. You will lose in trades that you're up if you do that. So I've long ago just said you know what let me get the best entry let me get the best pick you could get out of half you could hold it it's another idea if you took 10 contracts which 1350 you could have made 2150 this is a nice trade and again this was the CBX which was a call which was a long you could have also done a day trade in this we did not but we could have so again I'm just looking for the best pick you could do as a day trade you could do as an option now let's talk about a little bit here what is a gap a gap is the difference between one price and the next from the close of business one day in the market to the next day's open. It is critical to find the right ones. Why? Because almost everything gaps every day. And guess what? Not all of them are playable or predictable. In fact, there's more gaps that don't work and stocks that don't work right on any given day than do. That's one of the reasons why people lose money in the market. Sometimes people want to trade the same stock every day, the same stock up and down, up and down, up and down or the market, and that's a disaster. One of the reasons I don't do futures is because it really is not even uh that profitable to do over the course of the year because there isn't a good gap in futures every day. So, there's plenty of days where you can't predict what the market's going to do. So, I I have no interest in trading it. And so, again, it's very interesting because you could attempt to trade the market every day. in the and I'm saying the market I mean the QQQ is of the SPY many days the market is totally unplayable now I did not go long the market today I didn't short it either because it gapped up but I did think the market would fail I was right it did fail so there's lots of days when things gap or set up and they aren't good place or the direction is not what you think it's going to be do you understand what I'm saying institutional money does not trade every stock every single day all the time. That's just false to even think that. It's just not reality. So, when I set out to find a stock that has a predictable move and a big move, I said, I got to find stocks that have a move that's going to be made with institutional money. Then I feel more confident that whatever size I take, the money in by the made by the institutions buying or selling it will move my position for me and I'll be able to make enough money to cover some of the trades that lose and then consistently be able to make money. Are there some days where I don't get any good gaps? Yes. Yes, there are. Then I don't trade that day. So understanding which are meaningful and which are not meaningful is your key to the easiest way to make money in the market. And once you find good gaps, it is easy to make money. That meta was a beautiful trade. So was a CVX. It was easy money because it was very clear to me that those were going to work. And when you again have confidence in a system, it will allow you to put on the risk. And then you're not in fear about the risk and you're not in fear about the money. Do you understand what I'm saying? Any questions from anyone? Again, if you can't figure out how to chat me, but you should be able to, you can email me questions. How's everybody doing? Okay, keep going. So, again, the market can be choppy. A lot of people probably think the market was choppy today because like I said, we we we started rallying this morning. We had a big rally this morning and then it crashed. So, a lot of people probably thought today was unpredictable, volatile, and choppy. To me, it again, I thought today was an easy read. I didn't I didn't go long the market today, so I didn't lose. But, I mean, I thought this doesn't make any sense. I think this fails, and it did. So again, we day traded other things today. I don't do the same thing every day. I'm looking for the best gap. It could be a different single uh stock pick daily. Like I have no idea what I'm doing tomorrow. I have no clue. I don't know what we're doing Friday or Monday or Tuesday. That's the excitement and training. It's the beauty of the market. You never know what you're going to do. This is live. Like this is live. You know what I mean? and you see it and you go through the process each morning having no idea when you go to bed what you're going to do or even what the market's going to do. Um Dan is saying for options brokers have price for option per contract then we just decide how many contracts you want to trade. Yes, based on the price of the contract and based of the price of the risk you're going to risk. You have to risk the same on almost every trade. You can't take a trade and say, "I'm going to take 10 contracts, 10 contracts, 10 contracts of everything." Cuz what if something costs $21 for 10 contracts? Then you'd be spending $21,000. You're going to spend that in every trade. So again, the reality is that um you have to be able to look at something and say, "Okay, I am good with this amount. If I'm in multiple trains with Melissa, I'm gonna do this many and I'm gonna be able to do the trades because again, if you can't do the trades, then you don't want to be like, "Oh my god, I can only do one trade a week." You know what I'm saying? So, you want to be able to do it, get the move, get out on Monday, and then Tuesday, then you can do another trade, and then Wednesday, you could do another trade. So, you have to come up with an amount that you're comfortable with. And if that means you size yourself down, then you size yourself down. You know, um, we would know which stock you're shorting in the email. I don't know if you're talking about doing options or day trading. Day trading, you're in the room live. I'm calling the trade. You're taking it with me. I'm calling it live. You got to be in the room for that. If you want to do options, you're getting the newsletters usually in the morning. usually in the morning, could be as early as 6:00 am or, you know, could be 9:00 am. Occasionally, I send trades out during the day, but most of the trades are sent before the open for options. And therefore, you say, "Oh, Melissa likes Meta today." That's what we're doing. You can't do the trade though until after the open. Yes, most of them are in the morning. But sometimes I send a trade out later. like that one was 9:39. So that was after the open. So, you know, occasionally I will send some out after the open. Okay, Andrew has another question. And anybody else? Um, you have a busy job. Would you recommend swing trade weekly options because you don't have the time to day trade? I don't know what you mean you don't have the time to day trade. meaning you don't have the time to be in the room in the morning. If that's what you mean. If you don't have the time to be in the room in the morning, you will get the options newsletters to your email. When it comes to your email, you can put the trade on. If you're doing the weekly options, then you let the trade play out. You don't have to sit at your desk and stare at it all day. Even if you're at your desk now, I would check it at lunch and I would check it maybe before 4:00 and if you're still in it, then you hold it overnight and check it the next morning. You don't have to stare at your screen for 6 and 1/2 hours if you're doing options. I mean, I don't do that, but you have to check it. But the same would be true if you did swing trades, Andrew. If you're saying, "Well, I could do a monthly option." It's neither here nor there because if a stock's going to have a move, then uh it's going to have the move. And again, you're still going to have to check any trade that you're in at least once or twice a day because what if it goes and you want to get out? Now, if you can't check anything at all, if you're locked down at your desk or something, I don't know, and you can't check anything, then after you enter the trade, I would I would put a sell order every day. I would do it. If you bought the Meta and you put it in and you put a sell order and you could put it at 100%, if you pay six bucks for something, put a sell order at 12, it's a limit order, it's a day order. If you can't watch it, then if it fills you, you're out. You made 100%. But I still think whether you do swing trades or long-term options or uh weekly options, you are going to have to check your trades. But if you really don't want to be bothered looking at things, then you need to put a sell order and it's called a limit order and it will cancel at the end of the day. So the next day you have to put the same sell order in again. Do you follow me? But if you're busy with work and you can't be in the room, then options is what you would need to do. Yes, you would have to do the options. And there are plenty of people that are doing options with me and they're not in the room every day. I mean, I don't know what all of them are doing. Um, some people have jobs, some people are busy and you know they some people haven't done the class so they don't have room access but they they basically uh you know have other things going on and they're not sitting at their desk all day. So people do it. People do it but you you still have to look at your trades. You still have to manage your trades whether even if you do a swing trade you have to manage your trades. I mean, you know, at some point any trade you take that's profitable that you take, I don't care how you take it, you will have to make a decision to get out. And if you don't make a decision where you're getting out, or if you don't make a decision to get out, you could be up in a train and you could be up a boatload of money and you could watch it all go away from you. Trust me, I've seen people do that. I've seen that happen to people. I mean, look at this. We haven't traded this, but I'll just bring this up because it's a good example here. This is crazy, crazy, crazy, crazy, crazy expensive. But there were people that went long a million places in here and did not get out. This literally went straight up vertical almost. And a lot of people thought this would keep going up forever and thought it was undervalued even at the high. 2354 was the high 622. The reality is that if you were up and if you were up here, no matter where you were, whether you're underwater now or maybe you're still up after today, depending on where you bought it or whatever, you know, like if people didn't get out, they had no plan of action to get out most likely. You know what I'm saying? This is a,000 points from the off the high today almost close enough. That's a hell of a lot of to give back. You can always get back in. So, so the idea of doing for long term, my point is you still have to manage it. You said I want to be in SanDisk for a year. Okay. But if you bought it at 600 and it runs up to 2300, maybe you should get out of some. You could always get back in. And inevitably, that's what happens to people. And you see, and then people do crazy crazy crazy things and double down and buy the dip and whatever. I mean, again, we haven't been trading this, but it's it it has affected the market. So, I've been watching it. So, my point is, you must manage your trades no matter what. If you can't watch options during the day, you buy the put into the open and you put a limit order to sell it. And you could put it at 50%. You don't even have to put it at 100%. Okay? But don't think you're going to be a blind bat and never manage anything, even if it's a long-term option or swing trade, because you're you're risking money, and the key is to make money. So, you do have to manage it. Doesn't mean sitting at the screen all day. It means checking it at least once a day. Check it at lunch, you know. That was a good question though. Any other questions? Okay, so again, you have to steer yourself through the waters of the market that can be very choppy. It's there's nothing wrong with that. Again, I think people enjoy being in the room because I'm giving my commentary and I have experience and I'm, you know, going through choppy waters doesn't scare me, but it scares a lot of people and then they don't know what to do, you know. So, I teach a class. The class is once a month. It's a it's a class where I teach my 26 point rating system. I teach my entries. I teach my exits. and you would learn the system then that you'd be able to make the picks that I make yourself. It's a rating system. It's a checklist. You go through 1 2 3 4 5 go through 26 points and I do it every day. It measures gaps by rating them in the daily chart to find stocks to trade that have number one a high probability of directional bias for the entire day. Big move in the day. I want that too. Early confirmation of the bias in the move between 9:30 and 10 and precise entries with followth through and a good risk-to-reward target potential. What do I think is a good riskreward? One to one in a day trade. If I'm risking 5,000, I'm trying to make 5,000. If you're risking 500, you're trying to make 500. That I think is good enough to be honest with you. And again, you can pay for the course in a few trades. But the point is you should be thinking bigger, much much bigger. that you learn a system you can use for the rest of your life to trade it however you want to trade it. And honestly, if you taken the trains in the room in the last two weeks, you would have paid for the class. I I mean, we're just like everything I'm doing is like I'm touching gold right now. It's like it's which is really kind of, you know, it's not really it's we're at the end of earning season and I always say, you know, earning season is busy time, but we have trades in between. We've had we've had some really really good stuff lately and you don't know. You don't know when the next big one is. You don't know. I don't know. Like I don't know. I could have a big one tomorrow or I could have nothing to do. I have no idea. But I think people need to start thinking about their future. They think so small that people say, "Oh my god, you know, I I need to make this back right now. I need to make this much, this much, this much." think bigger picture about it that you're actually going to get good at this and be able to make it into something for you. Whether it is a part-time job or income on the side or whether you're retired or or whether you can uh do it full-time if that's what you really want to do and quit your job. I mean, you have to think bigger picture. Any other questions? So talking about risk, you got to have the trade you take it per sized per similar monetarily. That doesn't mean the number of contracts and that doesn't mean the share size. Because if I call a trade and the risk is $130, your number of shares is going to be a lot different than if the risk is only 30 cents. You can take more shares if the stop's 30 cents. Just like if a if an option costs a dollar, you can take more contracts, okay, at something that costs a buck than something that costs $6. All right? So, you can look at and say, "Okay, I have this much money in my account. I'm going to do five options a week or maybe I'll only do three or I'm going to do one day trade a day." You know, how much can I risk? The consistency really is important. Absolutely. whatever, no matter what. And that's another classic mistake people make. They take the same number of shares or contracts and then their risk is different on a lot of trades and then they don't really have any consistency in their results. So again, you have to think about that. And I, you know, people can make money with a small size. You can make money with one contract. You'd be surprised, you know. So it's it's it's the function is in taking the quality trade. Now as far as the stocks we trade, I'm not doing penny stocks. Most of the stocks we're doing at companies, you know, you're familiar with are very liquid. The options are liquid. We're not doing anything that's, you know, doesn't have the volume. I won't touch it. So again, you're going to get in, you're going to get filled, you're going to get filled fast. You'll get out. Hit out too. You put a stop in, you'll get hit out. If you hit out yourself, you'll hit out. You will get filled in everything we're doing, everything we trade, you know. So that's that's the great thing about trading the US market is a lot of liquid stocks, a lot of stocks, a lot of volume. Okay, so the Golden Gap system is a 26 point professional bearish gap rating system. The purpose of the system is to help you evaluate which gap to trade each morning using a checklist. This checklist tells you what to trade, when, and in what direction. The 26point checklist predicts directional bias in a stock. That's what I do. I get up and I scan. I look for gaps. I rate them and then I determine which one I think is the best and I watch it. If it sets up, I do it. If it doesn't, then I flip to the next one. And again, I also focus on shorting. Why? Because stocks fall faster than they rally. And I found that shorting actually gives me an edge. And again, a put is a short. A put is a short. So you could do an option as a put. And again, people that are trading the retirement account that can't short, you can buy a put. We buy the puts to enter them and sell them to exit them. And again, if you can't watch it, then I suggest putting a sell order. Even if you normally can watch it, say, "Well, today I have a meeting, but the market could go or this meta could work today. I better put in a sell order in case I miss it if I'm in my meeting." You should still do that. Anyways, you know, I also have targets on the options newsletter, too. One strategy is all you need to be successful though in the market. You do not need a general overall broad-based view to make money. Tons of people have that and they fail all the time and they sound like experts, but they're not because they're not making money. Learn how to read institutional money and price patterns and gaps and you don't need to do anything else. I've made an entire career of doing this more money over time because I'm risking more and I've gotten better and I've built a whole business on this too. I mean, and it's so amazing to me when I go on television, I speak on TV, and I talk to other people. People are managing money for people's retirement accounts and they don't even know what a gap is. I That is shocking to me. That is shocking because they could be, you know, giving advice to somebody and again, these are licensed people that are managing people's money. They're giving advice to somebody and they could be a horrible advice because a person's in something that they shouldn't be in because why? Because of the gap. Do you follow me? But if your reason for doing this is to make money, this will make you money and it and whether it's small or whether it's large, the idea is to learn it and to do it. So again, for the day trading room upsets at 9:00, cut off time to be there's 9:20. We trade between 9:30 and 10. Okay? We're usually in and out of the day trades quick. You could do options as day trades if you want. If you're in the room, I call the trades live, the entry, the stop, and the exit. You could do it with me. you want to do options, you get the newsletters to your email. Again, if you have a passion or interest to trade or learn, I'm I think I'm a good teacher, honestly. You know, I have a lot of good feedback after the class. It's very intense. You have to pay attention. You know, the class is all day Saturday, all day Sunday. I'm 1 hour break for lunch. You got to be awake. You got to be alert. You got to ask questions. And you can trade from anywhere in the world. I mean, you can trade from home, you can trade from your office, whatever works for you. But if you want to do this for a career, it's something that really has unlimited potential, but you have to learn it first. And again, I think today was a very tricky day for a lot of people that have been extremely um sucked into this market back again because the Q's were flirting like they were going to make new highs again. And maybe they will, maybe they will, not today, but you know, people have been extremely bullish in this market this year in 2026. If it doesn't turn out to continue, what are people going to do? Again, I'm in a good spot. I know how to short, but a lot of people prefer to go long. When the market falls, people that prefer to go long don't know what to do or tend to lose, you know. Anyways, the system works. I've been doing it for a long time. And if you want to learn it, you can. Again, you learn the strategy, the 26 points, and we do whatever. Even if the market's rallying, we'll short, you know? I mean, I have no problems doing that whatsoever at all. So, the class for August is August 22nd and 23rd, 9:00 a.m. to 5:00 p.m. Eastern time. Class is online. Class tuition is $60.99. You can be anywhere in the world and take it. And that is this Saturday and Sunday. And then I'm doing a really big back to school special. Um, this is really to help a lot of people that are new and wanting to join. You can join. You pay the price of the class, sign up for the Golden Gap course by Friday, and you will get the trading room, options newsletter, and market report free, which is all the subscriptions through the end of next year. Um, the deadline's Friday, but I wouldn't wait till then, um, if the class fills up. Now, does anyone else have any questions? How are we doing? Feel like I'm losing my voice this week. I'm talking a lot. Now, Dan, I think you emailed me about the beginner course in September. That includes one month in the room. If you want to do that, you can do that and start trading with us. I don't know if you have a trading account already set up. I think you do, but you could do that. Um, and I know you said you're not ready to do the class yet, which is a shame because this is a good deal. Um, Paul M, I know you've been following me a while. Paul M, I don't know if you have questions. Joan was in the room today. Joan, what did you do? Leroy, I don't know where you're at with everything. Jesse, I don't know where you're at with everything. John H, I haven't seen you in a hundred years. Um, we have the unemployment numbers tomorrow morning. So, we have some data tomorrow morning which the market could react on. Yes. Again, who knows what it is? Nobody knows until the till the numbers come out. I mean, you're definitely This is an exciting job. one the money but it keeps you on your toes because you never know. Every day is different. So it's definitely not boring. You know what I mean? It's like if you have a boring job right now, this is not a boring job. But it is sure nice to trade quick fast in the morning, be done and out of trades very quickly to be done in like an hour in the morning. I mean I love that about this because I worked a lot of hours. is I did mortgages for like almost 20 years and that was long hours, weekends, non-stop. People call me at night. Honestly, it was really like, you know, this was like a godsend to me to be able to make money and just be done in the morning before lunchtime. You know, it took me a while to figure this out. It took me three years, but I mean, it was so worth it. You know, looking back, I'm like, "Oh, thank God I pressed forward, you know, because I worked an awful lot of hours at my mortgage job." And there's a lot of jobs out there where people work a ton of hours and they don't they don't really get rewarded for it. You know, if they probably took the amount of money they make and divided the number of hours they work, it's like probably minimum wage. Any questions from anyone? If you have questions, you can always email me. If you want to sign up for the back to school special, you can email me. If you can't do the class this weekend, you can do the class in September, but still get the deal as long as you sign up by Friday. And you could do the September class if you're going on vacation or away this weekend or something. I'm letting people do that, too. And you can start trading with us. Any other questions while I have everybody here? I think everybody knows my email, but in case here it is again. Listen, I'm around. I'm available. Call me, email me. I recognize a lot of you. Hopefully, some of you will be ready to do the class soon. September class is hold on I got to pull up my calendar. Feels like far away. Uh September 26 and 27th. 26 and 27th. The last weekend of September. So that's like a little over a month. So, if you if if you want to do that, you can and get this deal if you want to. As long as you sign up by Friday, that's fine. You start training with us and then do the class. I have no problem with people doing that. There's one guy that's doing that cuz he has to work or something this weekend. So, if you know how to trade, you can do that. You know what I mean? And just follow me in the room until you learn it, you know? I know it's a lot of people are vacations and some people are taking kids back to college and school. So if you can't do August, you know, September weekend, that's the weekend. It's the last weekend of September. Yeah, you should. You should. I know you I know you do great. I know you do great because you've been following me for a while. It's going to be a busy fall. We have the Fed rate meeting. It's earning season. And it's really a strange calendar. Labor Day is so late. I don't even remember Labor Day this late. Labor Day is September 7th. That just seems like crazy late to me. And then Thanksgiving is late. It's literally Thanksgiving is the so late this year and boom, then it's Christmas. So the holidays, the fall, like the end of the year is going to go like that, you know? So, it's a busy time. It's a busy time and it should be good trading. You know, who knows what happens with the war. I'm not even going to make any predictions about that. I didn't think it was over. I did make that prediction for the last, you know, four months. And I was right about that. But where we go from here, what happens from here, God only knows. I mean, it's just been a wild, wild time, you know. But for me personally living in New York City, I have seen prices go up in the last two weeks here. I've also seen uh shortages at least at the supermarket. I've seen supply shortages. So I don't I don't know, you know, I don't know if that's has anything to do with gasoline prices or I don't know. I'm just telling you, at least in New York City, I've I've noticed supply chain issues and higher inflation than they seem to be saying when they do the reports, if the reports are accurate. You know, I don't know. I'm just saying. I'm like, uh, I don't see inflation going down as much as these reports say. I know, Ann, you're going to do great. You're going to do great. Listen, I will talk to some of you hopefully later. Email me at meliss the stockswish.com if you're interested in signing up for the back tochool special. You can do the class this weekend, you can do it in September, you could start trading or if you have any other questions. Wonderful. Have a great evening. You're welcome.