1 00:00:00,400 --> 00:00:04,280 Speaker 1: You just realized your business needed to hire someone yesterday. 2 00:00:04,800 --> 00:00:09,520 Speaker 1: How can you find amazing candidates fast? Easy? Just use Indeed. 3 00:00:09,960 --> 00:00:12,680 Speaker 1: Stop struggling to get your job posts seen on other 4 00:00:12,760 --> 00:00:16,439 Speaker 1: job sites. With Indeed sponsored jobs, your post jumps to 5 00:00:16,480 --> 00:00:19,000 Speaker 1: the top of the page for your relevant candidates, so 6 00:00:19,120 --> 00:00:22,119 Speaker 1: you can reach the people you want faster. According to 7 00:00:22,160 --> 00:00:26,120 Speaker 1: Indeed data, sponsored jobs posted directly on Indeed have forty 8 00:00:26,120 --> 00:00:30,040 Speaker 1: five percent more applications than non sponsored jobs. Don't wait 9 00:00:30,080 --> 00:00:33,519 Speaker 1: any longer. Speed up your hiring right now with Indeed, 10 00:00:33,960 --> 00:00:36,200 Speaker 1: and listeners of this show will get a seventy five 11 00:00:36,280 --> 00:00:39,440 Speaker 1: dollars sponsored job credit to get your jobs more visibility 12 00:00:39,600 --> 00:00:45,320 Speaker 1: at indeed dot com slash pod Katz thirteen. Just go 13 00:00:45,360 --> 00:00:50,120 Speaker 1: to Indeed dot com slash pod Katz thirteen right now 14 00:00:50,479 --> 00:00:53,040 Speaker 1: and support our show by saying you heard about Indeed 15 00:00:53,080 --> 00:00:57,400 Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is 16 00:00:57,440 --> 00:00:58,240 Speaker 1: all you need. 17 00:00:58,760 --> 00:01:02,480 Speaker 2: Less than one Please write this down everything I'm going 18 00:01:02,480 --> 00:01:04,679 Speaker 2: for ninety one at night. The risk to reward ratio 19 00:01:04,760 --> 00:01:07,480 Speaker 2: is everything. I wish I could have had my brother on, 20 00:01:07,560 --> 00:01:09,000 Speaker 2: but I took up about an hour and a half 21 00:01:09,000 --> 00:01:11,320 Speaker 2: of this time on a star club call, and at 22 00:01:11,360 --> 00:01:14,880 Speaker 2: one point he was in the AMC trade and he 23 00:01:15,000 --> 00:01:18,000 Speaker 2: was down eleven thousand dollars. But remember I told you guys, 24 00:01:18,120 --> 00:01:21,720 Speaker 2: risk reward is always everything. You either want to risk 25 00:01:21,800 --> 00:01:24,520 Speaker 2: one dollar to make five write that down. You either 26 00:01:24,800 --> 00:01:27,520 Speaker 2: want to risk one to make ten, one to make 27 00:01:27,560 --> 00:01:30,000 Speaker 2: twenty five, one to make fifty, or one to one hundred. 28 00:01:31,160 --> 00:01:32,840 Speaker 2: A lot of times we will get down in the trade. 29 00:01:32,880 --> 00:01:35,319 Speaker 2: And then, of course I was listening to the episode 30 00:01:35,319 --> 00:01:37,160 Speaker 2: that you guys had with trapping Trap. Is like, hey man, 31 00:01:37,200 --> 00:01:39,600 Speaker 2: sometimes in one of my trades, I may be up 32 00:01:39,760 --> 00:01:42,039 Speaker 2: sixty grand and some days I may be only up 33 00:01:42,120 --> 00:01:45,039 Speaker 2: eighteen one hundred. The thing that allows us to stay 34 00:01:45,040 --> 00:01:47,800 Speaker 2: in the trade is that you have to know what 35 00:01:47,880 --> 00:01:51,800 Speaker 2: the risk to reward parameters that you are using beforehand, 36 00:01:52,000 --> 00:01:54,240 Speaker 2: so you know when to get in and when to 37 00:01:54,240 --> 00:01:57,000 Speaker 2: get out. So that's number one less than number two. 38 00:01:57,720 --> 00:02:00,160 Speaker 2: Everyone was asking what did he start with? But the 39 00:02:00,160 --> 00:02:02,520 Speaker 2: thing that he wanted to stress to everyone it doesn't 40 00:02:02,520 --> 00:02:05,600 Speaker 2: matter what you start with. You just have to start. 41 00:02:05,760 --> 00:02:07,280 Speaker 2: I'm gonna be honest. I know some of you have 42 00:02:07,280 --> 00:02:08,880 Speaker 2: been watching the show since last year and you have 43 00:02:08,960 --> 00:02:11,280 Speaker 2: not taken your first trade yet or your first investment. 44 00:02:11,320 --> 00:02:15,200 Speaker 2: Why I've given you every good stock on the planet, 45 00:02:15,320 --> 00:02:17,480 Speaker 2: every bad one, and the three that I man messed 46 00:02:17,560 --> 00:02:19,960 Speaker 2: up on I've said, hey, man, I messed up my 47 00:02:20,000 --> 00:02:22,680 Speaker 2: bat and made up for it. You have to get started. 48 00:02:23,720 --> 00:02:27,000 Speaker 2: Lesson number three, stop hesitating and take the trade. And 49 00:02:27,000 --> 00:02:30,000 Speaker 2: I'm gonna just say this humbly and respectfully, especially when 50 00:02:30,040 --> 00:02:32,160 Speaker 2: I call it. Some of you should know my body 51 00:02:32,520 --> 00:02:35,840 Speaker 2: language and mannerisms enough when something is going to take off, 52 00:02:37,480 --> 00:02:41,919 Speaker 2: take the trade. Don't hesitate. Do your own research. Even 53 00:02:42,040 --> 00:02:44,640 Speaker 2: if we have a parabolic move to the upside and 54 00:02:44,760 --> 00:02:46,920 Speaker 2: we slide back down and there's another chance to get in. 55 00:02:47,160 --> 00:02:50,000 Speaker 2: Usually on here I will call out where, and then 56 00:02:50,080 --> 00:02:52,200 Speaker 2: for those of you ask questions tonight, please have four 57 00:02:52,280 --> 00:02:54,400 Speaker 2: or five stocks that you want to ask about tonight 58 00:02:54,480 --> 00:02:56,720 Speaker 2: so I can be able to help you. Lesson number four, 59 00:02:57,040 --> 00:03:00,480 Speaker 2: Master the craft. This is most important. It took him 60 00:03:00,560 --> 00:03:05,240 Speaker 2: eleven months of practice with frustration, and he's married. So 61 00:03:05,320 --> 00:03:06,640 Speaker 2: fellas you know how it is if you got a 62 00:03:06,639 --> 00:03:09,160 Speaker 2: significant other or you're married, you're working on something and 63 00:03:09,160 --> 00:03:12,440 Speaker 2: it doesn't produce results. The significant others like, yo, what 64 00:03:12,680 --> 00:03:14,320 Speaker 2: are you doing wasting time? You could be working on 65 00:03:14,360 --> 00:03:17,600 Speaker 2: something else. It took eleven months. Let me ask you this, 66 00:03:18,040 --> 00:03:20,720 Speaker 2: But would you practice and learn how to trade for 67 00:03:21,040 --> 00:03:24,240 Speaker 2: ten months or eleven months to then turn around while 68 00:03:24,320 --> 00:03:27,359 Speaker 2: on vacation to make two hundred and eighty two thousand 69 00:03:27,400 --> 00:03:29,560 Speaker 2: dollars in a matter of days. Put yes and no 70 00:03:29,639 --> 00:03:34,760 Speaker 2: in chat master the craft. This is a business. Some 71 00:03:34,880 --> 00:03:37,480 Speaker 2: kids work on going to the NBA for nineteen years 72 00:03:37,480 --> 00:03:39,600 Speaker 2: of their lives, twenty years of their lives. A lot 73 00:03:39,640 --> 00:03:41,840 Speaker 2: of people go to school for twelve years. You're telling 74 00:03:41,880 --> 00:03:45,920 Speaker 2: me you can't take eleven months, twelve months, eighteen months, 75 00:03:46,560 --> 00:03:49,400 Speaker 2: sixty months to master craft in which you can make 76 00:03:49,480 --> 00:03:53,560 Speaker 2: money on demand. I'm telling you it is absolutely worth it. 77 00:03:53,880 --> 00:03:56,360 Speaker 2: Number five, you have to learn how to trade to 78 00:03:56,360 --> 00:03:59,960 Speaker 2: be a better investor. So for my long term investor, 79 00:04:00,320 --> 00:04:02,640 Speaker 2: this is the gap that you have to close. And 80 00:04:02,680 --> 00:04:05,480 Speaker 2: this is the sweet spot that I saw. I noticed 81 00:04:05,520 --> 00:04:08,200 Speaker 2: most investors did not know how to trade well, and 82 00:04:08,280 --> 00:04:10,960 Speaker 2: most traders don't know how to invest. So I was like, 83 00:04:11,040 --> 00:04:14,440 Speaker 2: let me take Warren Buffett, Peter Lynch's model and blended 84 00:04:14,480 --> 00:04:17,599 Speaker 2: will part two the Jones Road in one. And when 85 00:04:17,640 --> 00:04:19,919 Speaker 2: you are a good trader, you're able to get better 86 00:04:20,040 --> 00:04:24,080 Speaker 2: entries long term. Then you have to become a better 87 00:04:24,120 --> 00:04:27,200 Speaker 2: investor to be a better trader to all my traders. 88 00:04:27,320 --> 00:04:29,320 Speaker 2: Get off of the five minute, get off of the 89 00:04:29,360 --> 00:04:32,520 Speaker 2: one minute. It is a losing parameter. Go to a 90 00:04:32,600 --> 00:04:34,880 Speaker 2: higher timeframe. And here's the thing. I've always said it. 91 00:04:35,200 --> 00:04:36,839 Speaker 2: The cheat code is if you wake up and you 92 00:04:36,880 --> 00:04:39,400 Speaker 2: see that Nasdaq is up a ton, if you're invested 93 00:04:39,440 --> 00:04:41,480 Speaker 2: in it, or the S and P five hundred is up, 94 00:04:41,520 --> 00:04:43,479 Speaker 2: you generally know what the market is going to do 95 00:04:43,520 --> 00:04:46,480 Speaker 2: for that day. So if you're already long term investing 96 00:04:46,560 --> 00:04:48,359 Speaker 2: and gives you a cheat code to know what to 97 00:04:48,400 --> 00:04:52,400 Speaker 2: do in try day less than number seven. Twelve trades 98 00:04:52,400 --> 00:04:56,679 Speaker 2: per year. Everybody on here, Earner's Bread Panda Family, everybody 99 00:04:56,760 --> 00:05:01,360 Speaker 2: on YouTube, twelve trades per year. Here's the thing. Once 100 00:05:01,360 --> 00:05:03,680 Speaker 2: you start to bleed to thirty sixty eighty trades, if 101 00:05:03,680 --> 00:05:06,360 Speaker 2: you're not using the algorithm, you have a high probability 102 00:05:06,360 --> 00:05:08,800 Speaker 2: of losing. Who in here thinks they can win ten 103 00:05:08,880 --> 00:05:11,080 Speaker 2: out of twelve trades or nine out of twelve trades 104 00:05:11,880 --> 00:05:15,239 Speaker 2: most here can. But you hear so much noise, which 105 00:05:15,520 --> 00:05:19,120 Speaker 2: if talk is cheap, those that are debating are trying 106 00:05:19,160 --> 00:05:22,120 Speaker 2: to keep you from getting real money. All you need 107 00:05:22,160 --> 00:05:24,279 Speaker 2: is twelve good trades for the year. To make a 108 00:05:24,320 --> 00:05:29,760 Speaker 2: significant impact on your life less than eight asymmetric risk 109 00:05:29,800 --> 00:05:33,000 Speaker 2: to reward And I'm going to bring it up again later. 110 00:05:33,640 --> 00:05:39,000 Speaker 2: But asymmetric risk to reward is everything. Indicators are not 111 00:05:39,360 --> 00:05:43,120 Speaker 2: the things that matter most. Everyone's always talking about indicators 112 00:05:43,240 --> 00:05:47,960 Speaker 2: RSI stochastic moving averages v WOP. That's if that was 113 00:05:48,000 --> 00:05:51,760 Speaker 2: the secret, everyone that used emas or SMAs would make 114 00:05:51,800 --> 00:05:55,080 Speaker 2: a lot of money. This is it risking one to 115 00:05:55,120 --> 00:05:57,080 Speaker 2: make twenty five. So I want you to be dedicated 116 00:05:57,120 --> 00:05:59,760 Speaker 2: for the next year. Write in chat right now, if 117 00:05:59,800 --> 00:06:02,520 Speaker 2: you are putting one dollar risk on the table, how 118 00:06:02,600 --> 00:06:06,679 Speaker 2: much are you looking to earn it? Every trade, every earner, 119 00:06:06,720 --> 00:06:08,640 Speaker 2: I need you to reply. Every Red Panda member, I 120 00:06:08,680 --> 00:06:11,640 Speaker 2: need you to apply, especially dream team, because once you 121 00:06:11,760 --> 00:06:13,920 Speaker 2: know that if you lose three trades in a row, 122 00:06:13,960 --> 00:06:18,240 Speaker 2: you won't be that shack in. If you know that, 123 00:06:18,279 --> 00:06:20,080 Speaker 2: you but if you don't know your wrist to reward, 124 00:06:20,400 --> 00:06:22,640 Speaker 2: you'll be in a lot of danger. Later. I want 125 00:06:22,640 --> 00:06:24,800 Speaker 2: to point out to moderna is a five hundred and 126 00:06:24,880 --> 00:06:26,720 Speaker 2: thirty five percent since the launch the stock Club. We 127 00:06:26,760 --> 00:06:29,039 Speaker 2: gave it to you guys here for free for the culture. 128 00:06:29,360 --> 00:06:31,840 Speaker 2: So for all this, they're not for the culture. And 129 00:06:31,880 --> 00:06:34,920 Speaker 2: I'm tired of you guys fill well lined beards. Not No, 130 00:06:35,000 --> 00:06:37,279 Speaker 2: we gain it for free. If you have not got 131 00:06:37,320 --> 00:06:39,560 Speaker 2: into it, give me a couple weeks. I'll give you 132 00:06:39,560 --> 00:06:42,680 Speaker 2: guys another praise to get into it. Number nine, This 133 00:06:42,760 --> 00:06:46,480 Speaker 2: is key. In order to obtain freedom, you must endure 134 00:06:46,640 --> 00:06:50,560 Speaker 2: moments of bondage even when you're free. I won't get 135 00:06:50,560 --> 00:06:53,280 Speaker 2: into any one's personal business, but I'll be honest, we've 136 00:06:53,279 --> 00:06:55,400 Speaker 2: all had tough days when we still showed up here 137 00:06:55,640 --> 00:06:59,960 Speaker 2: when we probably shouldn't have. Freedom is not disillusion that 138 00:07:00,120 --> 00:07:02,440 Speaker 2: you just get to sail on the beach and live 139 00:07:02,480 --> 00:07:05,039 Speaker 2: the ig lifestyle. A lot of you who are saying 140 00:07:05,040 --> 00:07:07,880 Speaker 2: that you want to be free. In order to get free, 141 00:07:07,960 --> 00:07:10,240 Speaker 2: you have to be in bonds in terms of your 142 00:07:10,280 --> 00:07:14,360 Speaker 2: work schedule and building systems to get free. And once 143 00:07:14,400 --> 00:07:17,720 Speaker 2: you get free, guess what, there's more bonds that surround you. 144 00:07:18,640 --> 00:07:21,480 Speaker 2: That's what people want tell you. There's been plenty of 145 00:07:21,520 --> 00:07:23,400 Speaker 2: days when things are going on behind the scenes that 146 00:07:23,480 --> 00:07:25,440 Speaker 2: all of us probably should have walked away and taken 147 00:07:25,480 --> 00:07:27,520 Speaker 2: a day off. But we're still and we're not doing 148 00:07:27,560 --> 00:07:30,680 Speaker 2: a four pity party. But even when you become free, 149 00:07:31,920 --> 00:07:35,400 Speaker 2: the consistency and work ethic that you have, you're still 150 00:07:35,440 --> 00:07:37,600 Speaker 2: going to be bonded to if you want to continue 151 00:07:37,600 --> 00:07:40,880 Speaker 2: to remain free. I want to point this out, hot take. 152 00:07:40,960 --> 00:07:43,480 Speaker 2: Shopify is the eBay of this era, and Stripe is 153 00:07:43,520 --> 00:07:47,240 Speaker 2: a new PayPal. I'm going to sit in. Shopify is 154 00:07:47,280 --> 00:07:49,880 Speaker 2: to this era what eBay was in the ninety late 155 00:07:49,960 --> 00:07:52,360 Speaker 2: nineties early two thousands, and Stripe is a new PayPal. 156 00:07:52,720 --> 00:07:54,520 Speaker 2: So when Stripe IPOs, I know you guys are going 157 00:07:54,560 --> 00:07:56,920 Speaker 2: to ask, wait sixty days, but I think there will 158 00:07:56,960 --> 00:07:59,200 Speaker 2: be a dominant force in this space for a long time. 159 00:07:59,600 --> 00:08:01,360 Speaker 2: Number two, and this is so key for every trader. 160 00:08:02,000 --> 00:08:06,800 Speaker 2: Print out your trading charts analog. A great lesson that 161 00:08:06,840 --> 00:08:11,000 Speaker 2: I learned out of this book called Inside Apple Jim 162 00:08:11,120 --> 00:08:15,440 Speaker 2: to Buy. Steve Jobs planned everything in analog first, which 163 00:08:15,440 --> 00:08:17,880 Speaker 2: means he white boarded it out or wrote it out first, 164 00:08:17,920 --> 00:08:22,720 Speaker 2: and then planned in digital traders. When I know, I 165 00:08:22,800 --> 00:08:25,840 Speaker 2: know when I ask you, hey, eighteen weeks ago on 166 00:08:25,880 --> 00:08:28,679 Speaker 2: a Tuesday, how did your trades go? I know ninety 167 00:08:28,760 --> 00:08:31,120 Speaker 2: nine percent of people are not able to answer that question. 168 00:08:31,760 --> 00:08:34,440 Speaker 2: If you print out your trading charts every single day, 169 00:08:35,000 --> 00:08:37,160 Speaker 2: not only will you be able to see patterns a 170 00:08:37,200 --> 00:08:39,920 Speaker 2: lot clearer, you would be able to see the mistakes 171 00:08:39,920 --> 00:08:42,800 Speaker 2: that you made. And also you were probably entering higher 172 00:08:42,800 --> 00:08:45,320 Speaker 2: into the market if you were looking to buy, or 173 00:08:45,600 --> 00:08:49,280 Speaker 2: you were shorting too much lower than you initially expected. 174 00:08:49,800 --> 00:08:53,000 Speaker 2: Please print out your charts every single trading session, whether 175 00:08:53,000 --> 00:08:55,959 Speaker 2: he took a live trade or not. And here's a 176 00:08:56,000 --> 00:08:59,200 Speaker 2: great point that he pointed out when we're on a call. 177 00:08:59,760 --> 00:09:03,079 Speaker 2: He mentioned he lost out on sixty six thousand dollars 178 00:09:03,120 --> 00:09:06,320 Speaker 2: in additional games by being a patient. Put this in 179 00:09:06,400 --> 00:09:10,520 Speaker 2: chat and patience costs us profit. Either you jump into 180 00:09:10,559 --> 00:09:13,800 Speaker 2: a trade too late, too early, or you get into 181 00:09:13,800 --> 00:09:16,600 Speaker 2: a move. I feel everybody who bought Doze at sixty 182 00:09:18,400 --> 00:09:20,080 Speaker 2: gave you the levels and which to tell you, Hey, 183 00:09:20,080 --> 00:09:22,880 Speaker 2: this is resistance, this is support. You have to wait. 184 00:09:23,040 --> 00:09:25,040 Speaker 2: And this is why I always tell you guys, blocking 185 00:09:25,040 --> 00:09:28,360 Speaker 2: out the noise is so key. It's so key because 186 00:09:28,440 --> 00:09:30,520 Speaker 2: often a lot of the people that are telling you 187 00:09:30,559 --> 00:09:33,040 Speaker 2: to get into a move or man in drouvish, I 188 00:09:33,080 --> 00:09:34,520 Speaker 2: don't know what they talking about. They just don't want 189 00:09:34,520 --> 00:09:37,080 Speaker 2: nobody to get them erners, what's up. 190 00:09:37,160 --> 00:09:39,640 Speaker 3: You ever walk into a small business and everything just 191 00:09:39,800 --> 00:09:42,960 Speaker 3: works like the checkout is fast, the receipts are digital, 192 00:09:43,520 --> 00:09:46,480 Speaker 3: tipping is a breeze, and you're out the door before 193 00:09:46,480 --> 00:09:50,640 Speaker 3: the line even builds. Odds are they're using Square. We 194 00:09:50,800 --> 00:09:53,360 Speaker 3: love supporting businesses that run on Square because it just 195 00:09:53,400 --> 00:09:56,640 Speaker 3: feels seamless. 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It's not just about payments, it's about giving 203 00:10:20,320 --> 00:10:23,000 Speaker 3: you time back so you can focus on what matters 204 00:10:23,040 --> 00:10:26,280 Speaker 3: most Ready to see how Square can transform your business, 205 00:10:26,559 --> 00:10:31,200 Speaker 3: visit Square dot com backslash go backslash eyl to learn 206 00:10:31,240 --> 00:10:36,440 Speaker 3: more that Square dot com backslash, go backslash eyl. Don't wait, 207 00:10:36,720 --> 00:10:39,560 Speaker 3: don't hesitate, let's Square handle the back end so you 208 00:10:39,600 --> 00:10:45,880 Speaker 3: can keep pushing your vision forward. This episode is brought 209 00:10:45,920 --> 00:10:47,840 Speaker 3: to you by P and C Bank. A lot of 210 00:10:47,840 --> 00:10:51,439 Speaker 3: people think podcasts about work are boring, and sure they 211 00:10:51,520 --> 00:10:55,400 Speaker 3: definitely can be, but understanding a professional's routine shows us 212 00:10:55,400 --> 00:10:59,040 Speaker 3: how they achieve their success little by little, day after day. 213 00:11:00,080 --> 00:11:02,520 Speaker 3: It's like banking with P and C Bank. It might 214 00:11:02,640 --> 00:11:05,520 Speaker 3: seem boring the safe plan and make calculated decisions with 215 00:11:05,600 --> 00:11:08,600 Speaker 3: your bank, but keeping your money boring is what helps 216 00:11:08,600 --> 00:11:11,679 Speaker 3: you live or more happily fulfilled life. P and C 217 00:11:11,840 --> 00:11:17,000 Speaker 3: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since 218 00:11:17,040 --> 00:11:19,600 Speaker 3: eighteen sixty five is a service mark of the PNC 219 00:11:19,800 --> 00:11:23,760 Speaker 3: Financial Service Group, Inc. P and C Bank National Association 220 00:11:23,960 --> 00:11:24,960 Speaker 3: Member FDIC. 221 00:11:27,120 --> 00:11:31,040 Speaker 1: You just realized your business needed to hire someone yesterday. 222 00:11:31,520 --> 00:11:35,760 Speaker 1: How can you find amazing candidates fast? Easy? Just use 223 00:11:35,840 --> 00:11:39,080 Speaker 1: Indeed stop struggling to get your job posts seen on 224 00:11:39,200 --> 00:11:43,120 Speaker 1: other job sites. With Indeed sponsored jobs, your post jumps 225 00:11:43,120 --> 00:11:45,440 Speaker 1: to the top of the page for your relevant candidates, 226 00:11:45,679 --> 00:11:48,760 Speaker 1: so you can reach the people you want faster. According 227 00:11:48,760 --> 00:11:52,400 Speaker 1: to Indeed data, sponsored jobs posted directly on Indeed have 228 00:11:52,520 --> 00:11:56,560 Speaker 1: forty five percent more applications than non sponsored jobs. Don't 229 00:11:56,600 --> 00:11:59,840 Speaker 1: wait any longer, speed up your hiring right now. Within 230 00:12:00,679 --> 00:12:02,920 Speaker 1: and listeners of this show will get us seventy five 231 00:12:03,000 --> 00:12:06,199 Speaker 1: dollars sponsored job credit to get your jobs more visibility 232 00:12:06,320 --> 00:12:12,040 Speaker 1: at indeed dot com. Slash pod Katz thirteen. Just go 233 00:12:12,080 --> 00:12:16,880 Speaker 1: to indeed dot com slash pod Katz thirteen right now 234 00:12:17,200 --> 00:12:19,800 Speaker 1: and support our show by saying you heard about Indeed 235 00:12:19,800 --> 00:12:24,120 Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is 236 00:12:24,200 --> 00:12:25,560 Speaker 1: all you need back. 237 00:12:25,800 --> 00:12:28,320 Speaker 2: Guess what they're using you for their own liquidity to 238 00:12:28,320 --> 00:12:29,920 Speaker 2: get out of the trip. Yeah, I'm a bidoge just 239 00:12:30,000 --> 00:12:32,800 Speaker 2: sixty five, but they don't know nothing. I love har 240 00:12:32,840 --> 00:12:34,640 Speaker 2: market moneies, but I hate them today. Now I'm gonna 241 00:12:34,640 --> 00:12:36,640 Speaker 2: get it at at the top and then it falls apart. 242 00:12:36,679 --> 00:12:38,400 Speaker 2: Guess what those people are trying to get out of 243 00:12:38,440 --> 00:12:41,520 Speaker 2: those positions. Please be careful and I'll say this, you 244 00:12:41,559 --> 00:12:45,240 Speaker 2: need diamond hands for good assets, man. People have diamond 245 00:12:45,240 --> 00:12:48,280 Speaker 2: hands for some of the shittiest assets out there. And 246 00:12:48,320 --> 00:12:49,840 Speaker 2: the thing that I was stressing, so I was on 247 00:12:49,880 --> 00:12:51,719 Speaker 2: a trip and I'm like, I need you guys to 248 00:12:51,840 --> 00:12:56,800 Speaker 2: hold your trades longer. Here's the secret with long term 249 00:12:56,840 --> 00:13:00,000 Speaker 2: investment that applies to short term. The longer you hold 250 00:13:00,000 --> 00:13:02,400 Speaker 2: with your intra day trades, the more money you can make. 251 00:13:03,200 --> 00:13:06,360 Speaker 2: Some of you are holding trades for too short of 252 00:13:06,400 --> 00:13:08,600 Speaker 2: a period. And even if you're trading, and I said, 253 00:13:08,640 --> 00:13:11,319 Speaker 2: we'll talk about naked and AMC tonight. But some of 254 00:13:11,360 --> 00:13:12,800 Speaker 2: you are getting into the move and be like, damn, 255 00:13:12,800 --> 00:13:14,120 Speaker 2: I was in the trade for three minutes. If I 256 00:13:14,160 --> 00:13:16,880 Speaker 2: would have held it for hour, I would have made 257 00:13:16,920 --> 00:13:20,720 Speaker 2: fifteen twenty eight thousand. You need diamond hands for good 258 00:13:20,760 --> 00:13:24,599 Speaker 2: assets and good trades less than thirteen. Please let it 259 00:13:24,679 --> 00:13:27,440 Speaker 2: run for all of you that are trading futures. Please 260 00:13:27,600 --> 00:13:30,320 Speaker 2: let your trades run for at least thirty minutes to 261 00:13:30,440 --> 00:13:34,520 Speaker 2: two hours. You have specific targets, like if you went 262 00:13:34,559 --> 00:13:36,400 Speaker 2: into a job and let's say let's say you want 263 00:13:36,400 --> 00:13:40,160 Speaker 2: to go work for Eyo or Red Panda, and we 264 00:13:40,160 --> 00:13:42,600 Speaker 2: were like, hey man, we're gonna pay you two hundred 265 00:13:42,600 --> 00:13:44,440 Speaker 2: and twenty five thousand dollars a year for this job. 266 00:13:44,720 --> 00:13:46,839 Speaker 2: When you're not letting your trade run, that's like saying, 267 00:13:46,880 --> 00:13:48,720 Speaker 2: oh man, just pay me twenty eight thousand. I don't 268 00:13:48,760 --> 00:13:50,760 Speaker 2: need to twenty five. None of you would do that 269 00:13:50,840 --> 00:13:53,800 Speaker 2: in the job interview, But in your trades you'll have 270 00:13:53,840 --> 00:13:56,120 Speaker 2: a breakout move and be like, ah, let me just 271 00:13:56,160 --> 00:13:59,240 Speaker 2: take profit here when you can have a tremendous move, 272 00:13:59,320 --> 00:14:02,480 Speaker 2: or remember, only twelve great trades on the year can 273 00:14:02,520 --> 00:14:07,360 Speaker 2: make a difference for you, your family future, generations that 274 00:14:07,440 --> 00:14:11,880 Speaker 2: are coming after. And this ties in you don't want 275 00:14:11,920 --> 00:14:14,079 Speaker 2: to walk away from your trades because you don't want 276 00:14:14,080 --> 00:14:16,520 Speaker 2: to make real money. And I get it. I used 277 00:14:16,559 --> 00:14:20,400 Speaker 2: to self sabotage like crazy, I know, whether in trading 278 00:14:20,520 --> 00:14:23,880 Speaker 2: or in business. Another good book is called Secrets of 279 00:14:23,920 --> 00:14:26,640 Speaker 2: the Millionaire Mind by T. Harve Ecker. He always says, 280 00:14:26,680 --> 00:14:30,680 Speaker 2: whatever starts inside of your mind eventually forms yourself into 281 00:14:30,720 --> 00:14:33,520 Speaker 2: reality in your outside world. That's very true. I would 282 00:14:33,520 --> 00:14:35,520 Speaker 2: even have meetings i'plin and I hope they don't call. 283 00:14:35,840 --> 00:14:38,400 Speaker 2: I hope this meeting doesn't go through because I was afraid. 284 00:14:38,920 --> 00:14:42,040 Speaker 2: But once you get over that fear, I'm telling you, 285 00:14:42,480 --> 00:14:45,640 Speaker 2: life becomes a lot better when you don't sabotage. And 286 00:14:45,720 --> 00:14:47,560 Speaker 2: for those of you that are not walking away from 287 00:14:47,600 --> 00:14:50,760 Speaker 2: your trades, it is an active form of self sabotage. 288 00:14:50,880 --> 00:14:52,960 Speaker 2: Because we've all seen people that are not that good 289 00:14:53,000 --> 00:14:54,800 Speaker 2: of a trader, but they hit a hell of a 290 00:14:54,840 --> 00:14:56,520 Speaker 2: home run and then you're like, how the hell did 291 00:14:56,520 --> 00:14:59,000 Speaker 2: they make that trade? They let the trades sit a 292 00:14:59,080 --> 00:15:03,160 Speaker 2: little bit longer then we normally would. Let's number fifteen. 293 00:15:03,600 --> 00:15:05,840 Speaker 2: I'm going to say it again, please, if you learn 294 00:15:05,920 --> 00:15:07,800 Speaker 2: nothing else from me on the trading side. Know this, 295 00:15:08,520 --> 00:15:13,160 Speaker 2: risk to reward is more important than indicators. It doesn't 296 00:15:13,240 --> 00:15:16,160 Speaker 2: damn near matter what indicator you use. If you use 297 00:15:16,240 --> 00:15:19,560 Speaker 2: an indicator that is flawless. And I've known people that 298 00:15:19,600 --> 00:15:22,200 Speaker 2: have won ninety nine percent of their trades and ended 299 00:15:22,320 --> 00:15:25,440 Speaker 2: up negative. I know people that traded thirty percent and 300 00:15:25,480 --> 00:15:28,160 Speaker 2: they make between twenty and sixty thousand dollars a month. 301 00:15:28,880 --> 00:15:31,320 Speaker 2: It's all about risk to reward. If I'm risking one 302 00:15:31,360 --> 00:15:33,880 Speaker 2: dollar to make twenty five or one dollar to make 303 00:15:33,920 --> 00:15:36,720 Speaker 2: ten and you're risking one to make one dollar and 304 00:15:36,760 --> 00:15:39,920 Speaker 2: ten cent, who's going to win the battle? That's the 305 00:15:39,960 --> 00:15:43,840 Speaker 2: name of the game. Risk reward it is more important 306 00:15:43,840 --> 00:15:46,720 Speaker 2: than indicators. I mean ask you this for all my traders. 307 00:15:47,200 --> 00:15:49,680 Speaker 2: Do you have your trading plan in front of you 308 00:15:49,800 --> 00:15:53,800 Speaker 2: every day? Why trading? And do you never deviate from it? 309 00:15:54,360 --> 00:15:56,960 Speaker 2: I know everybody say, what the trading plane is great? 310 00:15:57,280 --> 00:16:00,040 Speaker 2: Three wednesdays from now, how many points will you go for? 311 00:16:00,240 --> 00:16:02,680 Speaker 2: Or is it off day? Is it a research day, 312 00:16:03,200 --> 00:16:05,320 Speaker 2: is it a film day? Another gym? You need to 313 00:16:05,360 --> 00:16:09,120 Speaker 2: record every live trading session, whether you trade or not, 314 00:16:09,760 --> 00:16:12,120 Speaker 2: because then what's gonna happen is you're gonna have a 315 00:16:12,200 --> 00:16:15,320 Speaker 2: breakdown or a day on which we drop a lot 316 00:16:15,400 --> 00:16:17,840 Speaker 2: based off news and some report comes out and it's 317 00:16:17,880 --> 00:16:19,960 Speaker 2: gonna repeat that same kind of cycle, and you're gonna 318 00:16:20,000 --> 00:16:22,880 Speaker 2: be like, damn, this is the move that happened in November. 319 00:16:22,960 --> 00:16:25,360 Speaker 2: For me. One of the hardest crashs that I first 320 00:16:25,400 --> 00:16:26,720 Speaker 2: saw I made a lot of money on. It was 321 00:16:26,760 --> 00:16:29,920 Speaker 2: August twenty fourth, twenty fifteen. I remember the weekend prior. 322 00:16:30,000 --> 00:16:32,560 Speaker 2: That's a Monday. The Friday prior, I remember the market 323 00:16:32,600 --> 00:16:34,800 Speaker 2: sliding down like crazy, and the Sunday I was flying 324 00:16:35,240 --> 00:16:37,440 Speaker 2: to Denver. I remember being on the train seeing the 325 00:16:37,520 --> 00:16:40,920 Speaker 2: nik slide and then es follow. When you see moves 326 00:16:40,960 --> 00:16:43,360 Speaker 2: like that, they get embedded in your brain. That same 327 00:16:43,400 --> 00:16:46,080 Speaker 2: move from August twenty fourth to twenty fifteen prepared me 328 00:16:46,120 --> 00:16:49,200 Speaker 2: for the slide of March of twenty twenty. The market 329 00:16:49,240 --> 00:16:52,360 Speaker 2: repeats itself, it's not the exact same. Shout out to 330 00:16:52,400 --> 00:16:54,440 Speaker 2: my trades. If you've ever seen a breakdown move and 331 00:16:54,480 --> 00:16:57,080 Speaker 2: then you've seen to repeat itself a year or two later. 332 00:16:57,880 --> 00:16:59,600 Speaker 2: You have to have your trading plan in front of 333 00:16:59,640 --> 00:17:02,560 Speaker 2: you every every single day, and do not deviate from 334 00:17:02,600 --> 00:17:06,200 Speaker 2: it less than seventeen shot. Selection is everything, and I 335 00:17:06,240 --> 00:17:09,719 Speaker 2: will say this on a call. Arguably, with the exception 336 00:17:09,840 --> 00:17:14,400 Speaker 2: of Range, Westbrook and Dame Lillard have the same heart. 337 00:17:14,880 --> 00:17:17,440 Speaker 2: They're built from the same kind of player. They're both 338 00:17:17,520 --> 00:17:22,600 Speaker 2: Iverson esque. What's the difference between the two shot selection? 339 00:17:23,480 --> 00:17:26,040 Speaker 2: I love Russ with all my heart. Russ does not 340 00:17:26,160 --> 00:17:30,440 Speaker 2: have as good as shot selection as Dame. Same thing 341 00:17:30,480 --> 00:17:32,720 Speaker 2: and trading. Some of you can trade your asses off, 342 00:17:32,760 --> 00:17:35,919 Speaker 2: but guess what, you take too many trades, seven trades 343 00:17:35,960 --> 00:17:38,640 Speaker 2: in the day, or the emotions kick in and you're 344 00:17:38,680 --> 00:17:42,440 Speaker 2: trading too much size and the middle of the day, 345 00:17:42,520 --> 00:17:45,600 Speaker 2: stay away from that zombie dead zone hour like after 346 00:17:45,720 --> 00:17:50,000 Speaker 2: eleven o'clock to one, there's nothing to do. If you're 347 00:17:50,040 --> 00:17:52,920 Speaker 2: trading the S and P five hundred down product nasdak product. 348 00:17:53,119 --> 00:17:56,160 Speaker 2: You need to look at the first hour and be done, 349 00:17:56,280 --> 00:17:58,359 Speaker 2: and then look at the clothes you're trading at twelve 350 00:17:58,359 --> 00:18:01,320 Speaker 2: o'clock twelve thirty, you're going to get chopped up. Please 351 00:18:01,359 --> 00:18:04,440 Speaker 2: type this shot selection is everything. And if I'm looking 352 00:18:04,440 --> 00:18:07,600 Speaker 2: from a competitive landscape, a lot of you can trade 353 00:18:07,680 --> 00:18:09,240 Speaker 2: very well, but I know you won't wait for the 354 00:18:09,280 --> 00:18:12,000 Speaker 2: right shot. All of us did have played ball. We 355 00:18:12,119 --> 00:18:14,280 Speaker 2: know the one guy. If we swing the ball and 356 00:18:14,359 --> 00:18:16,639 Speaker 2: we skip it to the corner. He's going to shoot 357 00:18:16,640 --> 00:18:18,520 Speaker 2: that ball. If nine people on him, he doesn't care 358 00:18:18,520 --> 00:18:20,400 Speaker 2: because he just want to get a shot off. Look 359 00:18:20,440 --> 00:18:22,199 Speaker 2: at the Mayweather fight last night. It was not the 360 00:18:22,200 --> 00:18:25,679 Speaker 2: most entertaining the first round. Look how selective he was 361 00:18:26,960 --> 00:18:31,200 Speaker 2: and attacking Paul, and even though Paul doesn't have enough 362 00:18:31,200 --> 00:18:33,080 Speaker 2: punch and power to knock him out per se, he 363 00:18:33,240 --> 00:18:37,240 Speaker 2: still respected what could happen? Please know shot selection is 364 00:18:37,280 --> 00:18:40,720 Speaker 2: everything less than eighteen. Please write this down. You cannot 365 00:18:40,720 --> 00:18:43,800 Speaker 2: overtrade your way to freedom. And this is from a 366 00:18:43,800 --> 00:18:46,320 Speaker 2: person me who used to take fourteen to twenty trades 367 00:18:46,359 --> 00:18:50,480 Speaker 2: in the day in sixteen twenty seventeen. And the days 368 00:18:50,520 --> 00:18:53,680 Speaker 2: in which they were great, old baby, you couldn't tell 369 00:18:53,720 --> 00:18:56,760 Speaker 2: me nothing. And the days that I lost all, I 370 00:18:56,880 --> 00:19:00,320 Speaker 2: was so upset. You could not tell me nothing. You 371 00:19:00,359 --> 00:19:03,560 Speaker 2: cannot overtrade your way to freedom. That is another mechanism 372 00:19:03,680 --> 00:19:07,520 Speaker 2: or another action and self sabotage. And I'll tell you 373 00:19:07,560 --> 00:19:12,120 Speaker 2: this options crash, cryptos crash, nft S crash. We've given 374 00:19:12,160 --> 00:19:17,200 Speaker 2: you the blueprint two tech to index and trade futures. 375 00:19:17,200 --> 00:19:20,479 Speaker 2: That is the blueprint Episode seventy Classic Shauto wind triple 376 00:19:20,720 --> 00:19:22,960 Speaker 2: If you have not heard it. I give the entire 377 00:19:22,960 --> 00:19:26,960 Speaker 2: blueprint there. Please master your craft. And I want to 378 00:19:27,000 --> 00:19:29,840 Speaker 2: say this from a perspective for business owners. Like when 379 00:19:29,840 --> 00:19:32,880 Speaker 2: I approached Troy Rashad like Yo, episode seventy was dope, 380 00:19:32,920 --> 00:19:35,840 Speaker 2: we should do a show. My entire strategy was to 381 00:19:35,880 --> 00:19:38,520 Speaker 2: give everything away to show people, Hey, I wanted the 382 00:19:38,600 --> 00:19:41,440 Speaker 2: best to do this for those of you that are 383 00:19:41,480 --> 00:19:43,680 Speaker 2: looking to build your brand, because I see a lot 384 00:19:43,680 --> 00:19:46,320 Speaker 2: of you want to get into the space. The only 385 00:19:46,400 --> 00:19:49,120 Speaker 2: thing that separates you from everyone else is your ability 386 00:19:49,160 --> 00:19:52,639 Speaker 2: to help others win. So you want to build a base. 387 00:19:53,320 --> 00:19:55,640 Speaker 2: You always can team up, but give your picks away 388 00:19:55,680 --> 00:19:58,879 Speaker 2: and if you get results, people will follow you. And 389 00:19:58,920 --> 00:20:01,520 Speaker 2: I want to say this. I want to say this 390 00:20:02,000 --> 00:20:05,400 Speaker 2: and leave it up on the screen. I'm gonna say 391 00:20:05,560 --> 00:20:07,639 Speaker 2: for those of us that are here given value, if 392 00:20:07,680 --> 00:20:10,640 Speaker 2: we have made you money on this show, please put 393 00:20:10,720 --> 00:20:13,960 Speaker 2: yes in chat because I'll argue that we have probably 394 00:20:14,000 --> 00:20:18,280 Speaker 2: the best investing show on the planet and we need 395 00:20:18,280 --> 00:20:21,320 Speaker 2: some more likes to to match these views, and we're 396 00:20:21,359 --> 00:20:23,760 Speaker 2: outperforming everybody by a mile, but we may not get 397 00:20:23,760 --> 00:20:26,919 Speaker 2: the same credit. And if we've been a superhero to you, 398 00:20:26,960 --> 00:20:29,560 Speaker 2: just put yes in chat. In Superhero and I love 399 00:20:29,640 --> 00:20:31,360 Speaker 2: y'all so much. I think I know why we won't 400 00:20:31,359 --> 00:20:34,680 Speaker 2: always get the credit, but we are the culture. I'm 401 00:20:34,720 --> 00:20:36,719 Speaker 2: happy to have been able to serve you. And if 402 00:20:36,760 --> 00:20:39,160 Speaker 2: you enjoy these lessons tonight, please let me know love 403 00:20:39,200 --> 00:20:45,520 Speaker 2: you over note my graduates from my school being forced 404 00:20:45,760 --> 00:20:48,840 Speaker 2: back drop drop. 405 00:21:02,240 --> 00:21:06,119 Speaker 1: You just realized your business needed to hire someone yesterday? 406 00:21:06,600 --> 00:21:11,360 Speaker 1: How can you find amazing candidates fast? Easy? Just use Indeed. 407 00:21:11,760 --> 00:21:14,480 Speaker 1: Stop struggling to get your job posts seen on other 408 00:21:14,600 --> 00:21:18,280 Speaker 1: job sites. With Indeed sponsored jobs, your post jumps to 409 00:21:18,320 --> 00:21:20,840 Speaker 1: the top of the page for your relevant candidates, so 410 00:21:20,960 --> 00:21:23,919 Speaker 1: you can reach the people you want faster. 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