WEBVTT - Study Hall: 13 YEAR OLD MADE $78K TRADING STOCK OPTIONS 0:00:00.400 --> 0:00:03.120 Hi, I'm Sharry from Life Source Water. Did you know 0:00:03.240 --> 0:00:06.960 Bay Area cities add chemicals like chlorine and chloromine to 0:00:07.080 --> 0:00:10.920 disinfect the tapwater, on top of contaminants they can't handle, 0:00:11.200 --> 0:00:15.200 like microplastics and forever chemicals. At Life Source, we believe 0:00:15.200 --> 0:00:18.400 your water should support your family's health. Our whole house 0:00:18.440 --> 0:00:22.360 water system filters every drop that enters your home, delivering clean, 0:00:22.440 --> 0:00:26.079 healthy water to every tap, shower and appliance. Family owned 0:00:26.079 --> 0:00:29.800 for three generations, we build every system, install it and 0:00:29.840 --> 0:00:33.280 offer factory direct pricing. So end your water worries and 0:00:33.400 --> 0:00:36.880 upgrade to the essential home appliance you'll love using every 0:00:36.960 --> 0:00:41.760 day drink, bathe, cook, and live clean with Life Source Water. Now, 0:00:41.800 --> 0:00:45.040 we are offering a double dip in savings free basic 0:00:45.120 --> 0:00:48.320 installation plus an extra two hundred and fifty dollars off 0:00:48.560 --> 0:00:51.519 that's up to twelve hundred dollars in savings. Call our 0:00:51.560 --> 0:00:54.280 factory at one eight hundred Water ninety nine or visit 0:00:54.320 --> 0:00:57.600 lifesourcewater dot com hurry offer in September thirty. 0:00:57.720 --> 0:00:59.080 Warranty limitations apply. 0:01:00.200 --> 0:01:04.960 So my Guy Chris Chris Christian Jones aka the Truth 0:01:05.319 --> 0:01:08.919 twenty twenty four on Instagram. SO fifteen are you fifteen 0:01:09.000 --> 0:01:14.600 years old, thirteen thirteen, So he's he's thirteen. He's he's 0:01:14.600 --> 0:01:17.440 thirteen years old. He's a day trader, he's an investor, 0:01:17.560 --> 0:01:22.000 he's a speaker, he's an author, he does options. Just 0:01:22.040 --> 0:01:26.560 a dynamic, a dynamic dude. So Ian reached out to 0:01:26.640 --> 0:01:28.039 us a few days ago and was like, you know, 0:01:28.080 --> 0:01:29.640 I think he'd be a great guest for market. 0:01:29.640 --> 0:01:32.120 Mondays and be like, sure, why not? So we want to. 0:01:32.200 --> 0:01:32.600 We want to. 0:01:32.720 --> 0:01:34.560 We want to highlight First of all, we want to 0:01:34.640 --> 0:01:36.880 highlight you for a couple of different reasons. It's important 0:01:36.920 --> 0:01:40.560 to support and encourage our entrepreneurs and our investors, like 0:01:40.680 --> 0:01:43.959 you know, shout out to to Mikey, who's the number 0:01:44.000 --> 0:01:46.600 one fifteen year old basketball player in the country. But 0:01:46.720 --> 0:01:49.560 to me, you're just as important as somebody like that, 0:01:49.720 --> 0:01:51.120 or Lebron James when he was out. 0:01:51.480 --> 0:01:54.040 Yeah, he can impact thousands of kids. 0:01:54.120 --> 0:01:56.040 Mikey can help his family, but you can help the 0:01:56.080 --> 0:01:57.080 world and generations. 0:01:57.120 --> 0:01:58.960 YEA, yeah, sure, So we want to we want to 0:01:59.000 --> 0:02:02.400 highlight you and someelebrate you. There's no difference between you 0:02:02.480 --> 0:02:04.880 and Lebron James when he was thirteen, number one playing 0:02:05.000 --> 0:02:06.600 in the country. I look at you like the number 0:02:06.600 --> 0:02:07.880 one prospect. 0:02:08.360 --> 0:02:10.040 This is here Sports Illustrate, right. 0:02:11.040 --> 0:02:13.320 So first and first and foremost, we want to just 0:02:13.360 --> 0:02:15.919 you know, celebrate you. But then also we want to 0:02:15.960 --> 0:02:17.320 we want to get some game from you. I want 0:02:17.320 --> 0:02:18.760 to get some game from you too, because I know 0:02:18.840 --> 0:02:22.600 that you you know, you're a very astute trader and investors. 0:02:22.639 --> 0:02:25.440 So first and foremost, thank you. Thank you for joining 0:02:25.600 --> 0:02:26.920 our platform. We appreciate it. 0:02:28.040 --> 0:02:29.200 I appreciate being here. 0:02:29.680 --> 0:02:30.560 Yeah, yeah, for sure. 0:02:30.680 --> 0:02:33.120 So I'll ask the first question. Then everybody can just 0:02:33.160 --> 0:02:36.520 feel for you and Troy, So you you all right? 0:02:36.600 --> 0:02:41.239 You you day trade options only? Or is stocks or yeah? 0:02:41.240 --> 0:02:43.000 I do mostly options. 0:02:43.120 --> 0:02:45.840 I do invest in stocks more so like for long term, 0:02:45.880 --> 0:02:47.840 like most people, I do mostly options. 0:02:48.040 --> 0:02:49.280 All right, I'm glad. 0:02:49.320 --> 0:02:51.480 I'm glad because people have been asking for options, and 0:02:51.480 --> 0:02:53.440 we're going to do an options show next week. We're 0:02:53.800 --> 0:02:57.680 we're working on something special, but this would be a 0:02:57.680 --> 0:03:01.840 good intro for that. So can you I was gonna 0:03:01.840 --> 0:03:03.680 explain it, but I'd rather you can you just explain 0:03:03.760 --> 0:03:07.200 for that? You know, most people aren't too familiar with options. 0:03:07.400 --> 0:03:10.799 Can you just explain, like what options are as they 0:03:10.800 --> 0:03:13.440 attained to like just investing in regular stocks. 0:03:13.960 --> 0:03:14.240 Sure. 0:03:14.760 --> 0:03:18.680 So as far as the main key differences between stocks 0:03:18.840 --> 0:03:21.400 and options are this. So as far as stocks, we 0:03:21.440 --> 0:03:24.520 know you actually own a share in the company, you 0:03:24.600 --> 0:03:26.880 actually will own stock in the company, and y'a like 0:03:26.960 --> 0:03:29.400 I said, you own sharing it. And the thing is 0:03:29.400 --> 0:03:31.440 with stock, you can hold them well forever and you 0:03:31.440 --> 0:03:34.080 can pretty much pass them down. And the main difference 0:03:34.080 --> 0:03:38.440 between those and options is what options. You can't well 0:03:38.480 --> 0:03:40.520 hold it and you don't actually own the stock. You 0:03:40.600 --> 0:03:44.480 merely own the option in order to buy the stock. 0:03:44.880 --> 0:03:49.080 And when we're owning options, we have these things called contracts. Now, 0:03:49.400 --> 0:03:52.880 one contract is equal to one hundred shares of stock. 0:03:53.880 --> 0:03:57.800 And also with this options as well, it's temporary online 0:03:57.800 --> 0:04:01.720 stocks options are temporary. Now know the max amount you 0:04:01.760 --> 0:04:04.680 can hold an option that I think about two years 0:04:04.720 --> 0:04:07.320 because there are different types of trading, so you can 0:04:07.760 --> 0:04:10.800 hold options for a long time. You can't do long 0:04:10.920 --> 0:04:14.280 term trading with options. I've actually done that personally myself 0:04:14.360 --> 0:04:16.760 just recently today every where I did a long term 0:04:16.800 --> 0:04:18.280 contract with Tesla. 0:04:18.120 --> 0:04:19.040 And I go about that. 0:04:20.560 --> 0:04:22.040 I saw you post that, man. 0:04:22.520 --> 0:04:25.719 Yeah, me and my mom we saw Tesla and we 0:04:25.760 --> 0:04:28.480 got in about three hundred and then we made seventy 0:04:28.480 --> 0:04:31.279 eight thousand dollars off that trade because Tesla it went 0:04:31.680 --> 0:04:34.560 crazy today, but like, I don't know why it fell off, 0:04:34.560 --> 0:04:36.800 but luckily we was able to get out before it 0:04:36.800 --> 0:04:37.279 dipped down. 0:04:37.640 --> 0:04:38.599 So don't let that go. 0:04:38.760 --> 0:04:40.880 Yeah please, that was really modest. 0:04:40.960 --> 0:04:41.080 Man. 0:04:41.080 --> 0:04:42.680 That's a yearly salary, all right. 0:04:42.720 --> 0:04:46.360 So yeah, real quick, one more time? 0:04:46.520 --> 0:04:48.160 Hold are you thirteen? 0:04:48.600 --> 0:04:51.520 So I first met my guy when we was speaking 0:04:51.560 --> 0:04:51.839 with ET. 0:04:52.120 --> 0:04:55.080 Shout out to Marquell, because Marquell was solid enough to 0:04:55.120 --> 0:04:59.120 put me on the platform before anyone knew me, just 0:04:59.160 --> 0:05:01.240 like y'all before you know, se y'all help me pop. 0:05:01.440 --> 0:05:03.800 So I met him there and I was like, Yo, 0:05:04.920 --> 0:05:08.280 this kid knows his stuff and he's and I didn't 0:05:08.320 --> 0:05:10.440 know any of this when I was a kid, right, 0:05:10.880 --> 0:05:13.440 So run that number again past what you hit. I 0:05:13.520 --> 0:05:14.760 just want the people to hear. 0:05:16.760 --> 0:05:18.160 Seventy eight dollars. 0:05:18.520 --> 0:05:21.479 So the reason why I wanted him on is to show, 0:05:21.800 --> 0:05:25.720 regardless of age, this is possible. We're the only culture 0:05:25.760 --> 0:05:31.320 that this has been hidden from. He's young, right, so 0:05:31.480 --> 0:05:34.000 if he can do it, you can do it too. 0:05:34.120 --> 0:05:35.640 But no, I I'm gonna let you rock. I just 0:05:35.680 --> 0:05:38.080 wanted to jump in and let that because like it 0:05:38.080 --> 0:05:40.320 brings me so much joy because you've been doing this 0:05:40.400 --> 0:05:42.000 is what you was a what eight and now you 0:05:42.080 --> 0:05:43.479 was speaking at with eight or nine. 0:05:44.080 --> 0:05:48.680 Yeah, So a brief well timeline is basically I actually 0:05:49.160 --> 0:05:51.159 ended up writing my first book called The Win. 0:05:51.080 --> 0:05:54.120 Within at eight years old. 0:05:54.360 --> 0:05:54.600 Yep. 0:05:55.040 --> 0:05:57.000 It's based off my story where I was getting bullied 0:05:57.040 --> 0:05:59.520 by my teammates on the football field. It's about faith 0:05:59.560 --> 0:06:02.360 family in football. And then this is at the time 0:06:02.400 --> 0:06:04.800 we was living in Florida. So from there we actually 0:06:04.880 --> 0:06:08.320 ended up leaving the country and going to Germany. And 0:06:08.440 --> 0:06:10.680 while we were in Germany, that's where I ended up 0:06:10.880 --> 0:06:14.240 wanting to say developing, but finding about or what investing is, 0:06:14.279 --> 0:06:16.680 and finding about the stop or finding out about the 0:06:16.720 --> 0:06:19.200 stock market, because I don't know if you guys remember, 0:06:19.200 --> 0:06:22.520 there was a story about I think twenty thirteen, about 0:06:22.600 --> 0:06:24.640 a fourteen year old who had made fifty. 0:06:24.400 --> 0:06:26.919 Thousand dollars of buying Nike stock. 0:06:27.680 --> 0:06:29.960 So, like anybody, I wanted to see how we did it, 0:06:30.240 --> 0:06:32.360 and I began asking my mom she could teach me 0:06:32.440 --> 0:06:34.920 how to invest in the stock market because I'm trying 0:06:34.960 --> 0:06:35.960 to make that kind of money. 0:06:37.160 --> 0:06:39.960 At the time, I was around nine years. 0:06:39.760 --> 0:06:42.479 Old, so she didn't really take me seriously because she 0:06:42.600 --> 0:06:45.520 thought I was just playing around just saying that, because well, 0:06:45.520 --> 0:06:49.599 people changed their minds all the time. So I ended 0:06:49.680 --> 0:06:52.120 up doing my own research and came back to her 0:06:52.200 --> 0:06:54.880 and told her I wanted to open up my brokerage 0:06:54.920 --> 0:06:58.279 account and again your broketus's accounts that coount used in 0:06:58.360 --> 0:07:01.760 order to invest in. And when she heard that, then 0:07:01.839 --> 0:07:04.440 she saw that was actually passionate and really wanted to 0:07:04.680 --> 0:07:07.560 learn this skill. And at the time she did know 0:07:07.640 --> 0:07:11.800 a little bit about investing, but she really didn't get 0:07:11.880 --> 0:07:14.760 too deep into it herself. So she actually went out 0:07:14.800 --> 0:07:17.400 and got her course, and that course was twenty five 0:07:17.400 --> 0:07:20.160 thousand dollars because she knows not only the value of 0:07:20.200 --> 0:07:22.800 investing in the stock market, but investing into yourself and 0:07:22.840 --> 0:07:26.480 investing in your growth. So she went out and got 0:07:26.480 --> 0:07:29.240 the course, and then initially we were taking it together, 0:07:29.440 --> 0:07:31.760 but eight nine years old, no idea. 0:07:31.560 --> 0:07:32.200 What that meant. 0:07:32.320 --> 0:07:35.480 So she ended up learning from the course, and then 0:07:35.560 --> 0:07:38.000 she came back and topped me. So I guess the 0:07:38.040 --> 0:07:41.720 whole timeline would be I've been investing for four years 0:07:41.720 --> 0:07:43.120 and I've been trading for three. 0:07:43.400 --> 0:07:44.200 I love this. 0:07:44.120 --> 0:07:48.400 Man, So that includings to your mom too, because your 0:07:48.400 --> 0:07:50.680 mom is like with you running the business. 0:07:50.760 --> 0:07:52.640 So this i'mber sawing to let you rock. 0:07:52.960 --> 0:07:55.320 But parents are also like you see the joy in 0:07:55.320 --> 0:07:58.160 his face from learning this, and like the joys in 0:07:58.200 --> 0:08:01.000 our face, Like all of our kids should know this, 0:08:01.200 --> 0:08:03.920 So do it together. And if your kids have an 0:08:03.920 --> 0:08:06.960 interest even in gaming, let them do that because they 0:08:07.000 --> 0:08:10.280 are more avenues now than ever to make money from 0:08:10.320 --> 0:08:12.560 a whole bunch of industries that were not available to us. 0:08:12.960 --> 0:08:15.920 Shot, go ahead, Yeah, so all right, so let's talk 0:08:15.960 --> 0:08:18.880 about this this Tesla call that you had. So I'll 0:08:18.920 --> 0:08:22.640 just try to give my my I was gonna say, 0:08:22.640 --> 0:08:26.040 like thirteen year old explanation, but nah, I gotta give 0:08:26.120 --> 0:08:29.840 my four year old explanation for what options are correct 0:08:29.840 --> 0:08:31.280 me if I'm I just want everybody, I just want 0:08:31.320 --> 0:08:33.600 everybody just to have an understanding. So like when you 0:08:33.640 --> 0:08:38.439 buy stock, Let's say you want to buy Apple stock 0:08:38.600 --> 0:08:40.760 right now, it's like at three eighty two, so we 0:08:40.880 --> 0:08:42.480 know you just if you have three hundred and eighty 0:08:42.520 --> 0:08:44.640 two dollars, you can buy one share right and then 0:08:44.720 --> 0:08:46.280 you know if you buy two shares and it's two 0:08:46.280 --> 0:08:48.280 times three eighty two. Everybody, I think that pretty much 0:08:48.360 --> 0:08:50.600 understands that you have to be your own Apple. You 0:08:50.640 --> 0:08:52.720 can have it for as long as you want, whenever 0:08:52.760 --> 0:08:54.679 you sell it. If you sell it at you know, 0:08:54.840 --> 0:08:57.160 seven hundred dollars, then you know you've almost you like 0:08:57.160 --> 0:08:59.800 double your money pretty much, right, So that's easy to understand. 0:09:00.040 --> 0:09:02.920 So with the options, it's pretty much like you're buying 0:09:02.960 --> 0:09:06.960 something in the future. So it's like, Okay, I'm buying Apple. 0:09:07.160 --> 0:09:12.440 Yeah exactly, I'm buying Apple for five hundred dollars in 0:09:13.040 --> 0:09:17.000 January of twenty twenty two, right, And then you have 0:09:17.080 --> 0:09:19.560 an ask and the bid price. 0:09:19.600 --> 0:09:22.040 So the strike price, the strike price is five hundred dollars. 0:09:22.040 --> 0:09:23.640 That's like that's the price you want to the future, 0:09:23.720 --> 0:09:25.640 like the exit yeah yeah. 0:09:25.960 --> 0:09:28.840 So and then the acts. So the ask is like 0:09:28.880 --> 0:09:32.600 what you're actually buying those contracts for. So the ass 0:09:32.679 --> 0:09:36.120 could be let's say, you know, fifty dollars hypothetically, right, 0:09:36.160 --> 0:09:38.080 So the ask is a lot lower than the actual 0:09:38.120 --> 0:09:39.559 price of the actual Well. 0:09:39.760 --> 0:09:42.559 So it gets tricky, right, so this calls and puts 0:09:42.559 --> 0:09:43.080 we got to. 0:09:43.080 --> 0:09:46.520 Well, we say called so the ask, the ask is 0:09:46.520 --> 0:09:49.440 like fifty dollars, right, so you're buying one hundred because 0:09:49.440 --> 0:09:52.480 you got to buy one hundred contracts one hundred. 0:09:52.640 --> 0:09:54.840 Let's you share it one contract. 0:09:54.760 --> 0:09:55.559 Let's just five dollars. 0:09:55.920 --> 0:09:58.120 That'll make it easier, all right, So now you buy, 0:09:58.559 --> 0:10:01.960 you buy it at fifty. So now, if let's say 0:10:02.160 --> 0:10:05.000 the price of apple stock goes from three eighty two 0:10:05.640 --> 0:10:09.600 to four hundred, right, that's an eighteen dollars increase. Now, 0:10:09.600 --> 0:10:11.599 if you have the regular stock, then that would have 0:10:11.640 --> 0:10:15.319 been whatever percentage of eighteen dollars going up. But now 0:10:15.440 --> 0:10:18.880 if you own the options contract and it's fifty dollars, 0:10:19.200 --> 0:10:23.199 theoretically that fifty dollars could go to one hundred dollars. 0:10:23.559 --> 0:10:26.920 So now you actually doubled your money. This is why 0:10:26.960 --> 0:10:29.520 options are so appealing to people. And once you fully 0:10:29.559 --> 0:10:33.800 understand it, it's like it's like stocks on steroids because 0:10:33.800 --> 0:10:34.640 it's stuff to go back to. 0:10:34.640 --> 0:10:35.600 Stop now it's. 0:10:35.480 --> 0:10:39.679 Really difficult because it's like you could, but it's a 0:10:39.720 --> 0:10:42.720 lot more volatile, so it can go up a lot fast. 0:10:43.920 --> 0:10:44.679 Earners, what's up? 0:10:44.760 --> 0:10:47.240 You ever walk into a small business and everything just 0:10:47.360 --> 0:10:50.560 works like the checkout is fast, the receipts are digital, 0:10:51.080 --> 0:10:54.240 tipping is a breeze, and you're out the door before the. 0:10:54.200 --> 0:10:55.040 Line even builds. 0:10:55.360 --> 0:10:59.559 Odds are they're using Square. We love supporting businesses that 0:10:59.679 --> 0:11:02.360 run on Square because it just feels seamless. 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You're more concerned about the 0:13:12.679 --> 0:13:15.800 bid and the ass as did I did I do 0:13:15.840 --> 0:13:17.360 a good job explaining that Christian? 0:13:18.120 --> 0:13:20.360 You did a decent job. 0:13:23.440 --> 0:13:25.439 I might cut that. That's funny, all right? 0:13:25.520 --> 0:13:26.400 So can you can you? 0:13:26.440 --> 0:13:26.920 Can you feel in? 0:13:27.040 --> 0:13:28.240 Can you fill in what I left out? 0:13:28.840 --> 0:13:30.360 Are you smarter than the seventh grader? 0:13:33.000 --> 0:13:35.640 So as far as the strike price, you were well 0:13:35.720 --> 0:13:37.720 kind of right at that. So the strike price you do, 0:13:37.840 --> 0:13:40.320 that's the price you're actually buying it at. So let's 0:13:40.320 --> 0:13:43.320 say I'm buying I'm gonna use it yours. So let's 0:13:43.320 --> 0:13:45.520 say I'm buying Apple if they were at three eighty two. 0:13:45.920 --> 0:13:49.480 So the thing is about options. You have an option chain, 0:13:49.480 --> 0:13:51.320 and when you're looking at the option chain, you have 0:13:51.400 --> 0:13:53.160 in the money and out the money. So let's say 0:13:53.200 --> 0:13:54.760 I'm going to go out the money. Normally, when I 0:13:54.760 --> 0:13:56.719 go out the money, that's means more. And so I'm 0:13:56.720 --> 0:13:58.840 gonna do a swing trade. A swing trade is a 0:13:58.840 --> 0:14:01.520 more long term trade and investment. Like I said, you 0:14:01.559 --> 0:14:04.360 can go out to a maximum about two years. So 0:14:04.440 --> 0:14:07.439 let's say I'm doing a swing trade and Apple's current 0:14:07.520 --> 0:14:10.720 stock price or yeah, stock price is at three eighty two, 0:14:10.960 --> 0:14:13.200 so I'm gonna put my strip price at let's say 0:14:13.240 --> 0:14:15.080 four hundred, so and I'm doing a call, so I 0:14:15.120 --> 0:14:18.880 know my not Microsoft Apple, was gonna hit at least 0:14:19.080 --> 0:14:21.320 four hundred dollars. Because I will say this about stripe 0:14:21.320 --> 0:14:25.200 prices as well, they don't necessarily have to hit your 0:14:25.240 --> 0:14:27.200 price in order for you to make money. They just 0:14:27.240 --> 0:14:29.160 have to go in general direction for you to be 0:14:29.200 --> 0:14:31.200 able to make money. That's how you make money off 0:14:31.280 --> 0:14:34.560 swite swing trades, and that is one of the ways 0:14:34.600 --> 0:14:37.280 I actually made money, not only off that Tesla but 0:14:37.400 --> 0:14:40.040 also whether it did hit my strike price. But I 0:14:40.080 --> 0:14:42.680 did one off Microsoft hit that's a better example. So 0:14:42.720 --> 0:14:46.160 I remember Microsoft was about at one thirty five at 0:14:46.200 --> 0:14:47.960 the time, that was their stock price, and I put 0:14:48.000 --> 0:14:50.040 my stripe price this was a swing trade, and I 0:14:50.040 --> 0:14:51.720 put it at one ninety five, and I put it 0:14:51.920 --> 0:14:54.720 about three cents a month saddle, so I put it 0:14:54.720 --> 0:14:56.400 three system month out and I put my strip price 0:14:56.440 --> 0:14:59.240 at one ninety five. And even though Microsoft never actually 0:14:59.280 --> 0:15:02.520 hit that stripe as one until later after I sold 0:15:02.520 --> 0:15:04.720 the contract, it was still doing in that direction, so 0:15:04.760 --> 0:15:07.080 therefore I was making money. 0:15:07.160 --> 0:15:08.080 The trend is your friend. 0:15:08.120 --> 0:15:09.960 So the thing as long as it was going toward 0:15:10.040 --> 0:15:12.160 that one, you're gonna make some money. 0:15:12.200 --> 0:15:16.360 Thank you, Thank you for the further explanation. So all right, 0:15:16.400 --> 0:15:18.480 can you talk about this the Tesla trade that you 0:15:18.520 --> 0:15:20.080 made today? Can you kind of just walk us through that. 0:15:20.760 --> 0:15:22.440 What's your what's your Instagram? Because a lot of people 0:15:22.480 --> 0:15:25.720 on on YouTube? Can you just type into instagrament I 0:15:25.720 --> 0:15:27.800 think it's the truth at twenty twenty. 0:15:27.520 --> 0:15:29.800 Four, right, yeah, the truth twenty twenty four. 0:15:30.480 --> 0:15:32.800 And Mark Mark said he likes you. We'll let you 0:15:32.800 --> 0:15:33.520 know who Mark is. 0:15:33.560 --> 0:15:33.640 What. 0:15:34.520 --> 0:15:36.760 Yeah, Mark is a Mark is a fan of you. 0:15:37.560 --> 0:15:39.400 So yeah, can you walk us through your your Tesla 0:15:39.400 --> 0:15:40.280 trade that you made today? 0:15:41.200 --> 0:15:41.440 Sure? 0:15:41.560 --> 0:15:45.240 So that Tesla trade was actually also another swing trade 0:15:45.280 --> 0:15:47.800 that I did back in March when Tesla was at 0:15:47.880 --> 0:15:51.760 that three hundred dollars Mark Mark and I remember, and 0:15:51.840 --> 0:15:54.920 I remember I was telling my clients about it, and 0:15:55.000 --> 0:15:56.800 I I didn't necessarily tell them. 0:15:56.880 --> 0:15:58.320 I was telling them what I was gonna do and 0:15:58.360 --> 0:15:59.440 that might as well copy. 0:16:00.120 --> 0:16:03.160 So I got in at about three hundred dollars, and 0:16:03.200 --> 0:16:05.360 I remember after that I decided to just I was 0:16:05.440 --> 0:16:08.800 gonna just sell it. After Tesla started move up in 0:16:08.800 --> 0:16:12.440 that upper direction, but we decided not to so kind 0:16:12.440 --> 0:16:14.520 of just left it alone, and little did we know, 0:16:14.560 --> 0:16:17.600 a couple of months later it hit almost one hundred 0:16:17.600 --> 0:16:21.080 thousand dollars. Because Tesla, as you know, has one of 0:16:21.080 --> 0:16:23.800 those well, Tesla is like a wildcard to me, like 0:16:24.040 --> 0:16:27.200 it's one of those companies. Market be up one day, 0:16:27.280 --> 0:16:30.560 Tesla's going down one hundred dollars, market be down another day, 0:16:30.560 --> 0:16:33.080 Tesla's moving up two hundred dollars, fall back, move up 0:16:33.120 --> 0:16:36.080 another one hundred dollars, Like Tesla is a wildcard. And 0:16:36.200 --> 0:16:39.200 knowing this, but that Tesla is a wildcard, but it 0:16:39.280 --> 0:16:42.480 is a very consistent company. So knowing this, we decided 0:16:42.480 --> 0:16:45.360 to do a swing trade on this and like I said, 0:16:45.400 --> 0:16:47.640 a little month, well a couple of months later, here 0:16:47.680 --> 0:16:49.480 we are with the seventy eight thousand dollars. 0:16:49.720 --> 0:16:52.080 So that's kind of the whole process on how that worked. 0:16:52.160 --> 0:16:53.240 How much money did you put in? 0:16:53.600 --> 0:17:03.000 Originally two thousand, two thousand, we got a question, how 0:17:03.000 --> 0:17:06.560 do you choose your strike price? And you're ask that 0:17:06.640 --> 0:17:10.080 you're looking to get in. I saw that comment in 0:17:10.119 --> 0:17:12.320 YouTube fast how. 0:17:12.240 --> 0:17:14.159 Do I choose my strike price? And my ass correct? 0:17:14.320 --> 0:17:14.720 Ye? 0:17:15.240 --> 0:17:17.040 All right, So as far as how I choose my 0:17:17.160 --> 0:17:20.480 stripe price. That really depends I'm trading for that day. 0:17:20.680 --> 0:17:21.640 Because you have. 0:17:21.520 --> 0:17:25.800 Four different trading styles you have, and I use well 0:17:25.840 --> 0:17:28.760 pretty much all four. So you have the first training style, 0:17:28.800 --> 0:17:32.440 which is called scalping. So scalping is more so well 0:17:32.600 --> 0:17:37.520 like a scalp surgeon pinpoint movements and short little movements. 0:17:37.160 --> 0:17:39.359 And those are like in and out. You you gotta 0:17:39.359 --> 0:17:40.040 be really quick. 0:17:40.320 --> 0:17:42.560 You do have to have patience as well with scalping, 0:17:42.600 --> 0:17:45.600 So scalping is born, like I said, pinpoint movements, So 0:17:45.640 --> 0:17:48.159 it depends if I'm doing scalping, I might go in 0:17:48.240 --> 0:17:51.240 the money. However, you also have day trading, which is 0:17:51.280 --> 0:17:54.520 similar but not the same as scalping. Day trading you can, 0:17:54.880 --> 0:17:57.639 instead of those pinpoint movements where you're making like four 0:17:57.720 --> 0:18:02.280 hundred dollars in two minutes, trading might make five thousand 0:18:02.359 --> 0:18:05.360 dollars in about not even ten to twenty, but like 0:18:05.640 --> 0:18:07.840 maybe an hour or two. So day trading, while you 0:18:07.920 --> 0:18:12.360 might take a little longer, you don't necessarily hold any 0:18:12.400 --> 0:18:14.479 positions at the end of the day, and then you 0:18:14.560 --> 0:18:17.399 have position in swing trading. So swing trading is what 0:18:17.480 --> 0:18:19.920 I did with the Tesla and the Microsoft and one 0:18:19.960 --> 0:18:24.000 of my favorite strategies to use because it's basically passive income. 0:18:24.040 --> 0:18:26.200 It is something I do teach you in my course 0:18:26.240 --> 0:18:28.560 because I gus I said it's passive income. I remember 0:18:28.600 --> 0:18:31.760 my mom she said swing trading here is actually her 0:18:31.800 --> 0:18:35.240 favorite strategy as well, because it allows you to not 0:18:35.280 --> 0:18:38.719 only free up your time, but also to make passive 0:18:38.760 --> 0:18:41.640 income and make money on a consistent basis without having 0:18:41.640 --> 0:18:43.720 to really put in much work, which is the beauty 0:18:43.760 --> 0:18:46.240