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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: When would be best to buy Chinese or international stocks?

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Speaker 4: This came up to me this weekend. I want to

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Speaker 4: be very clear, so not until our war, our soft

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Speaker 4: war with China is over and this rate cycle is lifted,

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Speaker 4: So like once the FED stops raising rates, that's when

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Speaker 4: I'll look.

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Speaker 5: And China has its own set of issues.

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Speaker 4: But if I look at Ali Baba, which we can

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Speaker 4: argue is as great or better than Amazon, should be

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Speaker 4: a lot higher. They topped out in twenty twenty at

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Speaker 4: three nineteen, They're currently at eighty eight bucks. It's unbelievable

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Speaker 4: that the company is that low. Even if I look,

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Speaker 4: even though I like Tuesla a lot more, Even if

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Speaker 4: we look at Neo, Neo were from a higher sixty

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Speaker 4: six to ninety five is currently at ten dollars and

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Speaker 4: nine set prices should not be there. But Chinese stocks

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Speaker 4: are not safe until we get out of the war

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Speaker 4: with them, once they make a declaration that they are

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Speaker 4: not going to try to overtake Taiwan Semiconductor and the

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Speaker 4: province of Taiwan, and once rates begin to be lower

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Speaker 4: as well. So I know people want international exposure. But

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Speaker 4: even if we look at Intel, Intel's potential acquisition of

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Speaker 4: the Israeli semiconductor company got blocked by China. There's a

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Speaker 4: lot of war games where just like men of Block

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Speaker 4: is hot, Like I don't know how to put it

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Speaker 4: any way, clearer than that, like it's not safe to

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Speaker 4: do business. And also as our president is saying, hey,

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Speaker 4: you're going to levy sanctions against American companies if you're

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Speaker 4: looking to invest there. Even though I like some of

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Speaker 4: the stops that are in China, they will be suppressed

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Speaker 4: until some of these issues go away. Like the macro

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Speaker 4: issues are more important than the technicals. That's why every

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Speaker 4: presentation I'm like, I'm telling you technicals are just representation

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Speaker 4: of the fundamentals on a chart. If you don't have

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Speaker 4: a clear picture of what's happening in the macro picture,

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Speaker 4: caount will be devastated and destroyed. So you have to

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Speaker 4: wait for a little bit.

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Speaker 6: That's for Chinese stocks.

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Speaker 5: Yep.

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Speaker 7: I've learned my lesson with investing in Chinese stocks. I

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Speaker 7: haven't had the best experience. It's something that I'm not

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Speaker 7: great at, and so I was aware of it and

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Speaker 7: said that it's not something I'm going to continue to do.

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Speaker 6: I believe.

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Speaker 7: A wise man named Ian dum Lap once told me, yet,

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Speaker 7: we have some great American companies, yeap, what you know?

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Speaker 6: And I took those words very literally, so thank you.

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Speaker 4: I mean, they're reported the model right now, which took

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Speaker 4: a lot of people from part poverty to having a

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Speaker 4: middle class to a very wealthy ultra class is now

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Speaker 4: in danger. So if they went on a forty year run,

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Speaker 4: but now.

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Speaker 5: It's a result.

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Speaker 4: And we've said this before, we shot. You brought this up, Troy.

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Speaker 4: You brought this up like war is not good for anybody.

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Speaker 4: Even in wrap all the little diss records and deep records,

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Speaker 4: people end up dying and friends getting hurt.

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Speaker 5: They don't like.

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Speaker 4: No one has really went diamond off of a dis

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Speaker 4: record is really a there's more of a risk than anything.

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Speaker 5: So if we have issues with.

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Speaker 4: The commercial real estate market in China, if COVID was

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Speaker 4: created or was dispersed from there, they have the whole

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Speaker 4: bunch of other political issues that we're going through. When

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Speaker 4: Jack Mass spoke out, they took their equivalent of Steve

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Speaker 4: Jobs and made him go sit on the bench for months,

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Speaker 4: and he really hasn't said anything since then. What do

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Speaker 4: you think they would do to the fifty seventh best

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Speaker 4: stock in China, let alone the people. That's not an

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Speaker 4: environment in what you wanted. And America has its own

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Speaker 4: host of issues, but it is hunger games over there

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Speaker 4: right now. Steer clear, you can do what you want,

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Speaker 4: but steer clear, no, Jennifer Lawrence.

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Speaker 3: Okay, So what are some ways I can increase my

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Speaker 3: problem ability of winning as a trader.

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Speaker 4: I've been thinking about this a lot going into the

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Speaker 4: presentation with Kathy and Mike. Number One, at some point

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Speaker 4: every trader needs to learn how to trade the market

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Speaker 4: without using any indicators. So if you can just trade

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Speaker 4: off price action alone, It's kind of like in ball,

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Speaker 4: like everyone has their go to moves, but it's like,

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Speaker 4: can I put you on any court in America and

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Speaker 4: you'll be able to score no matter who you're playing against.

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Speaker 5: That's what the equivalent of just.

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Speaker 4: Trade off price action is, because all you really have

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Speaker 4: is highs lows and what the median or an average is.

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Speaker 4: And number two, I say this all.

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Speaker 7: This episode is brought to you by P and C Bank.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christinem, the United States Secretary

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Speaker 1: of Homeland Security. Under President Trump, attempted illegal border crossings

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Speaker 1: are at the lowest levels ever recorded, and over one

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Speaker 1: hundred thousand illegal aliens have been arrested. If you are

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Speaker 1: here illegally, your next you will be fine nearly one

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Speaker 1: thousand dollars a day, imprisoned, and deported. You will never return.

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Speaker 1: But if you register using our CBP home app and

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Speaker 1: leave now, you could be allowed to return legally. Do

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Speaker 1: what's right. Leave now. Under President Trump, America's laws, border

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Speaker 1: and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security a time.

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Speaker 4: But the number one thing that I see in traders

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Speaker 4: that do not consistently win and do not make a

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Speaker 4: lot of money is that they overtrade and they do

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Speaker 4: not stick to the number of trades.

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Speaker 5: As supposed to for a year.

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Speaker 4: So you have to factor in stop hunting from your brokers,

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Speaker 4: stop hunting from competitors, algorithmic trading. There's decay in your

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Speaker 4: actually trading strategy. So whether you trade and move in

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Speaker 4: averages or you trade in edges or order flow, at

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Speaker 4: some point all strategies.

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Speaker 5: Have the kay.

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Speaker 4: But I don't meet many people who year over year

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Speaker 4: they're like, hey, I took fourteen trades for the year.

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Speaker 5: I'm done.

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Speaker 4: Just want to say, hey, I took my number of trades.

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Speaker 4: I know I could do more, but I'm not. I'm

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Speaker 4: just gonna stay here and enjoy the eighty percent that

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Speaker 4: I'm up for the year, or one hundred and fifty

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Speaker 4: percent that I'm up for the year one and more.

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Speaker 4: Usually leads to disaster and trading. So those two things

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Speaker 4: like being able to trade off price action alone on

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Speaker 4: any chart in any market, off of any timeframe, and

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Speaker 4: then your willingness to stick to your plan. If people

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Speaker 4: can do that, they'll make more money. Everyone that I

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Speaker 4: know that loses a lot of money or they're not

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Speaker 4: where they want to be.

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Speaker 5: You're trading too much.

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Speaker 4: Like trading too much is like cheating and getting caught

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Speaker 4: and being filmed and then playing it on YouTube, and like, baby,

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Speaker 4: why you taking a house and the kids in the car?

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Speaker 4: What do you expect? You can read all the books

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Speaker 4: that you want to. I got a couple recommendation. Number one,

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Speaker 4: stillness is key right. Number two family fortunes. I've mentioned

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Speaker 4: this before by Bill Bonner. You need to go through

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Speaker 4: Michael Lewis's the Big short even in Kathy. I love Kathy.

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Speaker 4: I think she's been incredibly innovative, but one of her

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Speaker 4: biggest mistakes is rotation of stocks and getting in or

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Speaker 4: out of them too early. Kathy bought in video when

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Speaker 4: it was five dollars. Kathy did not hold through the

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Speaker 4: run of last month. However, I know there's reasons too,

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Speaker 4: but portfolio allocation as I get all that, but it

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Speaker 4: would help a lot if you held a stock from

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Speaker 4: five to five hundred, it will help. Overtrading usually leads

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Speaker 4: to disaster, and I don't know how to get that

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Speaker 4: through more people's heads. But if you want to make

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Speaker 4: money and way more consistently, that it's a blueprint. If

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Speaker 4: I've made you money, please put yes and chut.

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Speaker 7: Got you Now that second rule that you said, the

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Speaker 7: overtrading part, A lot of people get disconfused. Right, is

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Speaker 7: it overtrading the same stocks? Or like, how should somebody

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Speaker 7: approach that?

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Speaker 2: Right?

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Speaker 7: Rule one is applied, and I can trade without looking

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Speaker 7: at technicals and fundamentals. I can just trade off value them.

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Speaker 7: Then I have to know my right, like I need

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Speaker 7: to know my company. But that's tough. Right, if I'm

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Speaker 7: trying to know my like I know my company, how

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Speaker 7: many companies should I know?

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Speaker 6: Is it like five or is it ten?

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Speaker 7: Right, I'm not going to be able to know fifty

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Speaker 7: companies at the back of my hand. So am I

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Speaker 7: studying like maybe ten companies and being able to trade those?

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Speaker 6: Or am I finding different trades throughout?

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Speaker 2: Right?

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Speaker 7: So even if I limit it to twenty trades throughout

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Speaker 7: the year, am I doing it inside the same equity?

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Speaker 5: Absolutely?

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Speaker 4: I will say study a maximum of eight companies if

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Speaker 4: you're able to produce three hundred percent return or more

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Speaker 4: if you're producing lesson that I will study two. Anyone

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Speaker 4: that tells you that they study forty stocks and they

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Speaker 4: can trade all of them, well, they're lying even from

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Speaker 4: the beginning. If we go back to episode seventy, Classics

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Speaker 4: should have win triple two, Tech two Index, Apple, Microsoft,

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Speaker 4: Es and Bonds. When you study something in and out,

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Speaker 4: there's a reason that we don't have like a BMX

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Speaker 4: or surfing show. We're not efficient at surfing. Adam twenty

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Speaker 4: two can go from biking to hip hop and talking

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Speaker 4: about King Von. We can't do that. You have to

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Speaker 4: know one specific area so well that you know what

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Speaker 4: it's going to do before it even happens. Like when

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Speaker 4: you really have your trades down and you study two

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Speaker 4: to eight companies really well, you'll almost see the move

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Speaker 4: before it even happens.

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Speaker 5: If you don't, you're going to be in danger.

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Speaker 4: And I think most people, once again, if you're making

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Speaker 4: us three hundred percent return, you should probably only do

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Speaker 4: twenty trades max per year, but really twelve and stop there.

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Speaker 4: Once people get past that threshold, that's when danger happens.

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Speaker 4: Or I just traded because I had a loss, so

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Speaker 4: I want to make it for it now. I broke

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Speaker 4: even not put a straddle on and then I want

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Speaker 4: to do futures and then option. Then you have to

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Speaker 4: shoot the shots that you know you can win. And

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Speaker 4: that's what separates the great traders and investors from those

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Speaker 4: who are not. And even the people we met, everyone

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Speaker 4: that we've met that are institutional traders or investors, they're

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Speaker 4: not the most intelligent people that have ever walked earth.

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Speaker 4: The discipline for their crafts is what really set them

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Speaker 4: apart from the other three or four thousand people that

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Speaker 4: really wanted the job.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fine. Nearly

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Speaker 1: one thousand dollars a day. Imprisoned and deported will never return.

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Speaker 1: But if you register using our CBP home app and

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Speaker 1: leave now, you could be allowed to return legally. Do

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Speaker 1: what's right. Leave now. Under President Trump America's laws, border

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Speaker 1: and families.

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Speaker 2: Will be protected. Sponsored by the United States Department of

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Speaker 2: Homeland Security,