WEBVTT - Professional Development: Top Trading Strategies for Today's Market

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:00:07.720 --> 0:00:11.840
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:00:11.920 --> 0:00:15.840
<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

0:00:23.320 --> 0:00:28.120
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:00:28.160 --> 0:00:31.680
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:00:31.760 --> 0:00:34.960
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:00:35.040 --> 0:00:38.920
<v Speaker 1>are here illegally, your next you will be fined nearly

0:00:39.000 --> 0:00:43.000
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:00:43.040 --> 0:00:46.680
<v Speaker 1>never return. But if you register using our CBP home

0:00:46.720 --> 0:00:50.120
<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>So let's talk about some trading, shall we. So are

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<v Speaker 3>you using the same trading strategies now that you currently

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<v Speaker 3>have been using or have you adjusted your trading strategy

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<v Speaker 3>due to the market.

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<v Speaker 2>Yeah, great question.

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<v Speaker 4>I was talking to stock Club about Saturday, and I

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<v Speaker 4>made an adjustment, so, like I may widen my stop

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<v Speaker 4>because now because of stop hunting, brokerages having issues and

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<v Speaker 4>the market being.

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<v Speaker 2>A little bit faster.

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<v Speaker 4>I've talked about it before, but like, if you're short

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<v Speaker 4>in the market on a daily session, I will put

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<v Speaker 4>my stop at the top of the market, and if

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<v Speaker 4>I'm going long, I'll put it at the bottom and

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<v Speaker 4>I'll give it a little bit monin. So if I'm

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<v Speaker 4>going for five hundred ticks on NASDAC, I may wait

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<v Speaker 4>till one hundred, one hundred and fifty ticks to lock

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<v Speaker 4>in profit. As before I may have locked in forty.

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<v Speaker 4>And because like the market is moving so fast now

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<v Speaker 4>or you getped out of moves, at some point you

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<v Speaker 4>have to adjust. It's like the speed of trading has

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<v Speaker 4>changed over the last couple of months and no one

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<v Speaker 4>is really saying it, but the impact of my forts

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<v Speaker 4>Funds going under his hat has been dramatic in the

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<v Speaker 4>forests and futures market like that. It changed liquidity and

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<v Speaker 4>a lot of other prop firms on watch to if

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<v Speaker 4>they're doing business above board, and it changed the volumes

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<v Speaker 4>and how everything was being traded. So that's the main

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<v Speaker 4>adjustment that I've made, is like I'll why did I

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<v Speaker 4>stop a little bit? And then I'll delay how quickly

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<v Speaker 4>I'll lock in profit?

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<v Speaker 3>Okay, and uh, what are the biggest mistakes you see

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<v Speaker 3>traders making today?

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<v Speaker 4>It's the most boring lesson but most impactful. And uh,

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<v Speaker 4>I think it was representative last night, like how I

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<v Speaker 4>played at the table, like you know how many trades

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<v Speaker 4>you're going to take for the week? Like, so my

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<v Speaker 4>plan when we went in and played tray you vibe yesterday,

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<v Speaker 4>Shotty was like listen, Sharlie talks a lot about defense.

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<v Speaker 2>He showed the last night.

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<v Speaker 4>It was like, hey, you gonna play Nope, going back.

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<v Speaker 5>This episode is brought to you by P and C Bank.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:04:59.600 --> 0:05:02.840
<v Speaker 1>in mass Chusetts. An MS thirteen gang member from Al

0:05:02.920 --> 0:05:07.760
<v Speaker 1>Salvador accused of murdering a Texas man of Venezuelan charged

0:05:07.760 --> 0:05:11.680
<v Speaker 1>with filming and selling child pornography in Michigan. These are

0:05:11.720 --> 0:05:15.240
<v Speaker 1>just some of the heinous migrant criminals caught because of

0:05:15.279 --> 0:05:18.960
<v Speaker 1>President Donald J. Trump's leadership. I'm Christy Noman, the United

0:05:19.000 --> 0:05:23.760
<v Speaker 1>States Secretary of Homeland Security. Under President Trump, attempted illegal

0:05:23.800 --> 0:05:27.440
<v Speaker 1>border crossings are at the lowest levels ever recorded, and

0:05:27.480 --> 0:05:30.000
<v Speaker 1>over one hundred thousand illegal aliens.

0:05:29.560 --> 0:05:30.400
<v Speaker 2>Have been arrested.

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<v Speaker 1>If you are here illegally, your next you will be

0:05:34.279 --> 0:05:38.159
<v Speaker 1>fined nearly one thousand dollars a day, imprisoned, and deported.

0:05:38.600 --> 0:05:41.840
<v Speaker 1>You will never return. But if you register using our

0:05:41.880 --> 0:05:45.080
<v Speaker 1>CBP home app and leave now, you could be allowed

0:05:45.120 --> 0:05:50.080
<v Speaker 1>to return legally. Do what's right. Leave now. Under President Trump,

0:05:50.240 --> 0:05:53.840
<v Speaker 1>America's laws, border and families will be protected.

0:05:53.920 --> 0:05:56.279
<v Speaker 2>Sponsored by the United States Department of Homeland Security to

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<v Speaker 2>the room.

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<v Speaker 4>Some will walk around, see you later. Not a dollar

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<v Speaker 4>was dispersed on a table. Kudos to him, the intelligent investor. Right,

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<v Speaker 4>But for me, if you have read a book call

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<v Speaker 4>a Man for All Marcus by Edward Thorpe, he's the

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<v Speaker 4>guy that broke Vegas and then broke investing. For me, like,

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<v Speaker 4>if I played and once I win three hands, I'm

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<v Speaker 4>usually done. I got to a max of five yesterday

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<v Speaker 4>and I was done about tell himout. You got there, you.

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<v Speaker 2>Know, but it got a better red red pandemic president.

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<v Speaker 2>It better.

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<v Speaker 4>No, but listen, six percent of the tables. So I'm

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<v Speaker 4>going with probability. I had one hand, why counter I lost?

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<v Speaker 4>Once I won my fifth hand, I was good. I

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<v Speaker 4>see too many traders still taking too many trades. Like

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<v Speaker 4>if you're at ten to fifteen trades in a week,

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<v Speaker 4>you are headed down a one way.

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<v Speaker 2>Road to him.

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<v Speaker 4>You cannot overtrade your way into financial freedom. I've never

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<v Speaker 4>seen it happen. And I know everyone wants to say, well,

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<v Speaker 4>the quants are trading thousands of times per second. They're

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<v Speaker 4>not even doing that anymore. That was in two thousand

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<v Speaker 4>and eight, nineteen eleven twelve. They've adjusted their strategy so

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<v Speaker 4>like knowing how many trades you can take and put

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<v Speaker 4>probability in your favor.

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<v Speaker 2>Is what is actually going to give you freedom.

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<v Speaker 4>And I'll ask you this, if you've overtraded in this

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<v Speaker 4>past year, have you made more money or less? Like

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<v Speaker 4>we have to stop having conversations about semantics and well,

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<v Speaker 4>this is my strategy.

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<v Speaker 2>Are you doing better or less?

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<v Speaker 4>Are you producing alpha or no? Like, if you're not,

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<v Speaker 4>you'll make way more money taken in less trades.

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<v Speaker 2>That's the number one.

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<v Speaker 4>Out of everyone that I ever talked to that has

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<v Speaker 4>done really well, they know within the range of maybe

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<v Speaker 4>five or six trades how many they're gonna do per year,

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<v Speaker 4>and they sick to it. And everyone that has done

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<v Speaker 4>really poorly, they've all overtraded. It's nowhere around it.

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<v Speaker 3>Yeah, yep.

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<v Speaker 4>Is there any NBA player that took like twenty nine

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<v Speaker 4>threes in the game and it was like, should he

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<v Speaker 4>scored seventy five points?

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<v Speaker 2>No?

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<v Speaker 4>You have to know what's in your range.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:08:03.960 --> 0:08:07.760
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:08:08.000 --> 0:08:12.160
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:08:12.200 --> 0:08:16.120
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:08:16.200 --> 0:08:19.920
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:08:20.000 --> 0:08:23.600
<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

0:08:23.600 --> 0:08:28.400
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:08:28.440 --> 0:08:32.000
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:08:32.040 --> 0:08:35.280
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:08:35.320 --> 0:08:39.200
<v Speaker 1>are here illegally, your next you will be fine nearly

0:08:39.280 --> 0:08:43.280
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:08:43.320 --> 0:08:46.960
<v Speaker 1>never return. But if you register using our CBP home

0:08:47.000 --> 0:08:50.400
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:08:50.760 --> 0:08:55.520
<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

0:08:55.679 --> 0:08:58.120
<v Speaker 1>border and families will be protected.

0:08:58.200 --> 0:09:00.280
<v Speaker 2>Sponsored by the United States Department of Homes Koti