1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,000 Speaker 2: Sponsored by the United States Department of Homeland Security. 17 00:01:00,160 --> 00:01:03,320 Speaker 3: So let's talk about some trading, shall we. So are 18 00:01:03,360 --> 00:01:07,759 Speaker 3: you using the same trading strategies now that you currently 19 00:01:07,840 --> 00:01:11,240 Speaker 3: have been using or have you adjusted your trading strategy 20 00:01:11,319 --> 00:01:12,160 Speaker 3: due to the market. 21 00:01:12,680 --> 00:01:13,560 Speaker 2: Yeah, great question. 22 00:01:13,800 --> 00:01:17,040 Speaker 4: I was talking to stock Club about Saturday, and I 23 00:01:17,160 --> 00:01:19,560 Speaker 4: made an adjustment, so, like I may widen my stop 24 00:01:20,520 --> 00:01:26,160 Speaker 4: because now because of stop hunting, brokerages having issues and 25 00:01:26,240 --> 00:01:27,000 Speaker 4: the market being. 26 00:01:26,920 --> 00:01:27,759 Speaker 2: A little bit faster. 27 00:01:28,880 --> 00:01:30,640 Speaker 4: I've talked about it before, but like, if you're short 28 00:01:30,640 --> 00:01:33,040 Speaker 4: in the market on a daily session, I will put 29 00:01:33,040 --> 00:01:34,760 Speaker 4: my stop at the top of the market, and if 30 00:01:34,760 --> 00:01:37,000 Speaker 4: I'm going long, I'll put it at the bottom and 31 00:01:37,080 --> 00:01:39,280 Speaker 4: I'll give it a little bit monin. So if I'm 32 00:01:39,280 --> 00:01:44,600 Speaker 4: going for five hundred ticks on NASDAC, I may wait 33 00:01:44,720 --> 00:01:48,040 Speaker 4: till one hundred, one hundred and fifty ticks to lock 34 00:01:48,080 --> 00:01:51,640 Speaker 4: in profit. As before I may have locked in forty. 35 00:01:51,760 --> 00:01:55,720 Speaker 4: And because like the market is moving so fast now 36 00:01:55,840 --> 00:01:58,520 Speaker 4: or you getped out of moves, at some point you 37 00:01:58,560 --> 00:02:00,520 Speaker 4: have to adjust. It's like the speed of trading has 38 00:02:00,600 --> 00:02:04,360 Speaker 4: changed over the last couple of months and no one 39 00:02:04,440 --> 00:02:06,800 Speaker 4: is really saying it, but the impact of my forts 40 00:02:06,840 --> 00:02:11,920 Speaker 4: Funds going under his hat has been dramatic in the 41 00:02:12,000 --> 00:02:15,040 Speaker 4: forests and futures market like that. It changed liquidity and 42 00:02:15,800 --> 00:02:20,720 Speaker 4: a lot of other prop firms on watch to if 43 00:02:20,760 --> 00:02:23,480 Speaker 4: they're doing business above board, and it changed the volumes 44 00:02:23,480 --> 00:02:26,399 Speaker 4: and how everything was being traded. So that's the main 45 00:02:26,440 --> 00:02:29,160 Speaker 4: adjustment that I've made, is like I'll why did I 46 00:02:29,160 --> 00:02:32,160 Speaker 4: stop a little bit? And then I'll delay how quickly 47 00:02:32,200 --> 00:02:33,120 Speaker 4: I'll lock in profit? 48 00:02:35,400 --> 00:02:38,519 Speaker 3: Okay, and uh, what are the biggest mistakes you see 49 00:02:38,520 --> 00:02:41,000 Speaker 3: traders making today? 50 00:02:43,639 --> 00:02:47,280 Speaker 4: It's the most boring lesson but most impactful. And uh, 51 00:02:47,400 --> 00:02:50,280 Speaker 4: I think it was representative last night, like how I 52 00:02:50,360 --> 00:02:52,040 Speaker 4: played at the table, like you know how many trades 53 00:02:52,080 --> 00:02:53,680 Speaker 4: you're going to take for the week? Like, so my 54 00:02:53,760 --> 00:02:57,960 Speaker 4: plan when we went in and played tray you vibe yesterday, 55 00:02:58,080 --> 00:03:01,639 Speaker 4: Shotty was like listen, Sharlie talks a lot about defense. 56 00:03:01,639 --> 00:03:02,600 Speaker 2: He showed the last night. 57 00:03:02,760 --> 00:03:04,519 Speaker 4: It was like, hey, you gonna play Nope, going back. 58 00:03:05,720 --> 00:03:07,960 Speaker 5: This episode is brought to you by P and C Bank. 59 00:03:08,360 --> 00:03:11,120 Speaker 5: A lot of people think podcasts about work are boring, 60 00:03:11,320 --> 00:03:15,160 Speaker 5: and sure they definitely can be, but understanding of professionals 61 00:03:15,280 --> 00:03:18,519 Speaker 5: routine shows us how they achieve their success little by little, 62 00:03:18,880 --> 00:03:22,560 Speaker 5: day after day. 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An MS thirteen gang member from Al 91 00:05:02,920 --> 00:05:07,760 Speaker 1: Salvador accused of murdering a Texas man of Venezuelan charged 92 00:05:07,760 --> 00:05:11,680 Speaker 1: with filming and selling child pornography in Michigan. These are 93 00:05:11,720 --> 00:05:15,240 Speaker 1: just some of the heinous migrant criminals caught because of 94 00:05:15,279 --> 00:05:18,960 Speaker 1: President Donald J. Trump's leadership. I'm Christy Noman, the United 95 00:05:19,000 --> 00:05:23,760 Speaker 1: States Secretary of Homeland Security. Under President Trump, attempted illegal 96 00:05:23,800 --> 00:05:27,440 Speaker 1: border crossings are at the lowest levels ever recorded, and 97 00:05:27,480 --> 00:05:30,000 Speaker 1: over one hundred thousand illegal aliens. 98 00:05:29,560 --> 00:05:30,400 Speaker 2: Have been arrested. 99 00:05:30,680 --> 00:05:34,240 Speaker 1: If you are here illegally, your next you will be 100 00:05:34,279 --> 00:05:38,159 Speaker 1: fined nearly one thousand dollars a day, imprisoned, and deported. 101 00:05:38,600 --> 00:05:41,840 Speaker 1: You will never return. But if you register using our 102 00:05:41,880 --> 00:05:45,080 Speaker 1: CBP home app and leave now, you could be allowed 103 00:05:45,120 --> 00:05:50,080 Speaker 1: to return legally. Do what's right. Leave now. Under President Trump, 104 00:05:50,240 --> 00:05:53,840 Speaker 1: America's laws, border and families will be protected. 105 00:05:53,920 --> 00:05:56,279 Speaker 2: Sponsored by the United States Department of Homeland Security to 106 00:05:56,320 --> 00:05:56,560 Speaker 2: the room. 107 00:05:56,600 --> 00:05:58,719 Speaker 4: Some will walk around, see you later. Not a dollar 108 00:05:58,960 --> 00:06:03,680 Speaker 4: was dispersed on a table. Kudos to him, the intelligent investor. Right, 109 00:06:04,279 --> 00:06:07,280 Speaker 4: But for me, if you have read a book call 110 00:06:07,320 --> 00:06:09,680 Speaker 4: a Man for All Marcus by Edward Thorpe, he's the 111 00:06:09,680 --> 00:06:12,720 Speaker 4: guy that broke Vegas and then broke investing. For me, like, 112 00:06:12,760 --> 00:06:14,800 Speaker 4: if I played and once I win three hands, I'm 113 00:06:14,880 --> 00:06:17,960 Speaker 4: usually done. I got to a max of five yesterday 114 00:06:18,160 --> 00:06:22,600 Speaker 4: and I was done about tell himout. You got there, you. 115 00:06:22,560 --> 00:06:24,840 Speaker 2: Know, but it got a better red red pandemic president. 116 00:06:24,880 --> 00:06:25,960 Speaker 2: It better. 117 00:06:26,120 --> 00:06:31,240 Speaker 4: No, but listen, six percent of the tables. So I'm 118 00:06:31,240 --> 00:06:34,760 Speaker 4: going with probability. I had one hand, why counter I lost? 119 00:06:35,040 --> 00:06:37,599 Speaker 4: Once I won my fifth hand, I was good. I 120 00:06:37,680 --> 00:06:41,760 Speaker 4: see too many traders still taking too many trades. Like 121 00:06:41,880 --> 00:06:44,320 Speaker 4: if you're at ten to fifteen trades in a week, 122 00:06:44,800 --> 00:06:46,400 Speaker 4: you are headed down a one way. 123 00:06:46,279 --> 00:06:46,880 Speaker 2: Road to him. 124 00:06:48,279 --> 00:06:52,559 Speaker 4: You cannot overtrade your way into financial freedom. I've never 125 00:06:52,640 --> 00:06:55,080 Speaker 4: seen it happen. And I know everyone wants to say, well, 126 00:06:55,080 --> 00:06:58,880 Speaker 4: the quants are trading thousands of times per second. They're 127 00:06:58,920 --> 00:07:01,560 Speaker 4: not even doing that anymore. That was in two thousand 128 00:07:01,560 --> 00:07:05,159 Speaker 4: and eight, nineteen eleven twelve. They've adjusted their strategy so 129 00:07:05,240 --> 00:07:07,920 Speaker 4: like knowing how many trades you can take and put 130 00:07:07,920 --> 00:07:09,320 Speaker 4: probability in your favor. 131 00:07:09,120 --> 00:07:10,640 Speaker 2: Is what is actually going to give you freedom. 132 00:07:10,680 --> 00:07:13,160 Speaker 4: And I'll ask you this, if you've overtraded in this 133 00:07:13,200 --> 00:07:17,400 Speaker 4: past year, have you made more money or less? Like 134 00:07:17,480 --> 00:07:20,840 Speaker 4: we have to stop having conversations about semantics and well, 135 00:07:20,840 --> 00:07:22,040 Speaker 4: this is my strategy. 136 00:07:22,280 --> 00:07:24,040 Speaker 2: Are you doing better or less? 137 00:07:25,120 --> 00:07:28,000 Speaker 4: Are you producing alpha or no? Like, if you're not, 138 00:07:28,120 --> 00:07:30,760 Speaker 4: you'll make way more money taken in less trades. 139 00:07:30,800 --> 00:07:31,520 Speaker 2: That's the number one. 140 00:07:31,640 --> 00:07:34,600 Speaker 4: Out of everyone that I ever talked to that has 141 00:07:34,640 --> 00:07:38,120 Speaker 4: done really well, they know within the range of maybe 142 00:07:38,160 --> 00:07:39,920 Speaker 4: five or six trades how many they're gonna do per year, 143 00:07:39,920 --> 00:07:41,520 Speaker 4: and they sick to it. And everyone that has done 144 00:07:41,600 --> 00:07:46,000 Speaker 4: really poorly, they've all overtraded. It's nowhere around it. 145 00:07:47,040 --> 00:07:47,720 Speaker 3: Yeah, yep. 146 00:07:48,280 --> 00:07:51,600 Speaker 4: Is there any NBA player that took like twenty nine 147 00:07:51,640 --> 00:07:53,080 Speaker 4: threes in the game and it was like, should he 148 00:07:53,200 --> 00:07:54,760 Speaker 4: scored seventy five points? 149 00:07:55,240 --> 00:07:55,520 Speaker 2: No? 150 00:07:57,920 --> 00:07:59,240 Speaker 4: You have to know what's in your range. 151 00:08:00,280 --> 00:08:03,960 Speaker 1: An illegal alien from Guatemala charged with raping a child 152 00:08:03,960 --> 00:08:07,760 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 153 00:08:08,000 --> 00:08:12,160 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 154 00:08:12,200 --> 00:08:16,120 Speaker 1: filming and selling child pornography in Michigan. These are just 155 00:08:16,200 --> 00:08:19,920 Speaker 1: some of the heinous migrant criminals caught because of President 156 00:08:20,000 --> 00:08:23,600 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 157 00:08:23,600 --> 00:08:28,400 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 158 00:08:28,440 --> 00:08:32,000 Speaker 1: crossings are at the lowest levels ever recorded, and over 159 00:08:32,040 --> 00:08:35,280 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 160 00:08:35,320 --> 00:08:39,200 Speaker 1: are here illegally, your next you will be fine nearly 161 00:08:39,280 --> 00:08:43,280 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 162 00:08:43,320 --> 00:08:46,960 Speaker 1: never return. But if you register using our CBP home 163 00:08:47,000 --> 00:08:50,400 Speaker 1: app and leave now, you could be allowed to return legally. 164 00:08:50,760 --> 00:08:55,520 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 165 00:08:55,679 --> 00:08:58,120 Speaker 1: border and families will be protected. 166 00:08:58,200 --> 00:09:00,280 Speaker 2: Sponsored by the United States Department of Homes Koti