1 00:00:00,080 --> 00:00:02,280 Speaker 1: So let's let's go talk about back to options if 2 00:00:02,279 --> 00:00:05,360 Speaker 1: we can, because people have questions. So the first question 3 00:00:05,480 --> 00:00:10,440 Speaker 1: is is this time to take profit on things? 4 00:00:10,640 --> 00:00:10,720 Speaker 2: On? 5 00:00:10,840 --> 00:00:13,080 Speaker 3: If you're up on an option, and. 6 00:00:15,240 --> 00:00:18,440 Speaker 1: You know, obviously things can move very quickly in that world, 7 00:00:19,000 --> 00:00:22,959 Speaker 1: So is it time to start taking profit? Lock in profit? 8 00:00:23,880 --> 00:00:26,360 Speaker 4: I think you lock in profit, you have that story 9 00:00:26,400 --> 00:00:29,120 Speaker 4: before you even invest, right, but right now today, well 10 00:00:29,480 --> 00:00:31,360 Speaker 4: it's individual case, right, So for. 11 00:00:31,720 --> 00:00:34,519 Speaker 1: General general purposes, if people are if people are up 12 00:00:34,560 --> 00:00:36,560 Speaker 1: on the options, because you're either upp you down right, 13 00:00:36,840 --> 00:00:38,360 Speaker 1: So I'm gonna ask the question for people that are 14 00:00:38,400 --> 00:00:41,199 Speaker 1: down next for people that are up. People that are 15 00:00:41,280 --> 00:00:43,479 Speaker 1: up right, and they might have already taken some profit. 16 00:00:43,560 --> 00:00:45,199 Speaker 1: They might have already did that. The one hundred percent 17 00:00:45,240 --> 00:00:47,839 Speaker 1: straight they already did that. They have four contracts, they 18 00:00:47,880 --> 00:00:50,720 Speaker 1: doubled their money, they already took out two contracts. There, 19 00:00:50,760 --> 00:00:53,880 Speaker 1: they have two contracts left, but they're still up, you know, 20 00:00:54,000 --> 00:00:56,800 Speaker 1: over one hundred percent. Is it time to do another 21 00:00:56,880 --> 00:01:01,360 Speaker 1: one to lock in profit? Because of the uncertainty in 22 00:01:01,440 --> 00:01:04,480 Speaker 1: the market, at least at least you've locked in some 23 00:01:04,640 --> 00:01:07,120 Speaker 1: level of victory. You can sit on the cash and 24 00:01:07,760 --> 00:01:10,640 Speaker 1: try to figure this thing out until we get some guidance. 25 00:01:12,400 --> 00:01:14,680 Speaker 4: A couple of things. Number one is how much time 26 00:01:14,720 --> 00:01:17,760 Speaker 4: do they have inside those contracts? Second thing is you 27 00:01:18,240 --> 00:01:20,440 Speaker 4: lock in your profit before you invest, right, And what 28 00:01:20,840 --> 00:01:22,600 Speaker 4: I mean is like everybody's not trying to get one 29 00:01:22,640 --> 00:01:25,039 Speaker 4: hundred percent. Some people might be trying to get twenty percent, 30 00:01:25,200 --> 00:01:26,800 Speaker 4: and that's great. Did you get to twenty percent? 31 00:01:26,840 --> 00:01:27,120 Speaker 3: All right? 32 00:01:27,160 --> 00:01:29,160 Speaker 4: You took out your profit. You may have left the 33 00:01:29,200 --> 00:01:32,240 Speaker 4: rest of a few contracts in there to appreciate. Well, 34 00:01:32,280 --> 00:01:35,399 Speaker 4: what's the strategy on the backside? Right, Like, we're not 35 00:01:35,400 --> 00:01:37,600 Speaker 4: at one hundred percent anymore, but now we're pulling down. 36 00:01:37,800 --> 00:01:40,639 Speaker 4: So what's the threshold now? Is it fifty percent? 37 00:01:41,000 --> 00:01:42,959 Speaker 3: Right? So I can right, so we don't get back 38 00:01:43,000 --> 00:01:43,440 Speaker 3: to zero. 39 00:01:43,959 --> 00:01:47,040 Speaker 4: Right, So you start taking profits when you start to 40 00:01:47,080 --> 00:01:47,840 Speaker 4: see depreciation. 41 00:01:47,960 --> 00:01:49,960 Speaker 3: Now when you go negative. Right. 42 00:01:50,000 --> 00:01:52,160 Speaker 4: So some people are like, wait, I'm down eleven percent, 43 00:01:52,200 --> 00:01:54,880 Speaker 4: I'm down twelve percent, I'm down twenty percent, I'm down 44 00:01:54,960 --> 00:01:57,920 Speaker 4: thirty percent. Well that's why we have our stop laws, right, 45 00:01:57,960 --> 00:02:00,400 Speaker 4: So before we enter the trade, we have our stop laws, 46 00:02:00,520 --> 00:02:03,160 Speaker 4: whether that's thirty percent or forty percent. Some people don't 47 00:02:03,160 --> 00:02:05,720 Speaker 4: put their stop laws right, Like, I am guilty of that, 48 00:02:05,800 --> 00:02:08,120 Speaker 4: Like I didn't always put my stop laws because I 49 00:02:08,160 --> 00:02:12,280 Speaker 4: was putting time on these contracts like everybody EUIL. I've 50 00:02:12,280 --> 00:02:15,800 Speaker 4: been huge on Uber. That contract was down forty percent, 51 00:02:15,880 --> 00:02:18,480 Speaker 4: fifty percent. That contract is out to December of twenty 52 00:02:18,520 --> 00:02:20,959 Speaker 4: twenty eight. I'm not thinking about it the same way 53 00:02:21,160 --> 00:02:24,240 Speaker 4: that I would if I was having a contract that 54 00:02:24,440 --> 00:02:28,280 Speaker 4: was expiring in April of this year. Right, and so 55 00:02:28,520 --> 00:02:31,400 Speaker 4: that time factor, all that has already been predetermined. Right, 56 00:02:31,440 --> 00:02:34,200 Speaker 4: I'm putting time on it. I'm staying close to or 57 00:02:34,240 --> 00:02:36,880 Speaker 4: at the money. More recently, I've been buying in the 58 00:02:36,880 --> 00:02:40,320 Speaker 4: money because of the volatility. So all those strategies are 59 00:02:40,360 --> 00:02:42,760 Speaker 4: implemented before you even make the trade. And so when 60 00:02:42,760 --> 00:02:45,320 Speaker 4: you now when you start to see depreciation, you start 61 00:02:45,360 --> 00:02:47,800 Speaker 4: to see some pullback that I hit my profit margin 62 00:02:48,760 --> 00:02:52,160 Speaker 4: that I wanted to take money out at. Yes or no? 63 00:02:52,720 --> 00:02:54,400 Speaker 4: As we go down, what is it? Is it seventy 64 00:02:54,400 --> 00:02:56,359 Speaker 4: five percent? Is it fifty percent? Is it twenty percent? 65 00:02:56,960 --> 00:02:58,520 Speaker 4: I'm gonna get an ask you what was shot? 66 00:02:59,040 --> 00:02:59,320 Speaker 3: Pause? 67 00:02:59,400 --> 00:03:03,720 Speaker 2: Okay, if you are undisciplined, yes, it's time to take profit. 68 00:03:04,240 --> 00:03:07,000 Speaker 2: If you just hit market and got in anywhere because 69 00:03:07,040 --> 00:03:08,760 Speaker 2: you was told the market is going to go up, No, 70 00:03:08,800 --> 00:03:12,360 Speaker 2: matter what, and you have no plan or playbook for 71 00:03:12,400 --> 00:03:14,680 Speaker 2: how you're trading, you it's time to pack it up, 72 00:03:14,840 --> 00:03:17,960 Speaker 2: take your profit. Now you need to reassess completely. But 73 00:03:18,080 --> 00:03:20,600 Speaker 2: we are a choice talking to a very disciplined and 74 00:03:20,639 --> 00:03:23,519 Speaker 2: so am I a very disciplined investors. But for those 75 00:03:23,560 --> 00:03:27,200 Speaker 2: of you who just scrounge up some money, didn't care. 76 00:03:27,720 --> 00:03:29,239 Speaker 2: You just lighting up at night and just got you 77 00:03:29,639 --> 00:03:32,840 Speaker 2: like five contracts, my brother, it's time to be disciplined. 78 00:03:32,880 --> 00:03:34,840 Speaker 2: And this market is going to be tougher than ever 79 00:03:35,240 --> 00:03:37,560 Speaker 2: until this war is over. Now it's not playtime when 80 00:03:37,600 --> 00:03:38,320 Speaker 2: it comes to trading. 81 00:03:38,880 --> 00:03:39,120 Speaker 3: Yeah. 82 00:03:39,400 --> 00:03:41,760 Speaker 4: And the reason why we started with that as a 83 00:03:41,800 --> 00:03:44,920 Speaker 4: tip is buying the time is because if this is 84 00:03:45,040 --> 00:03:48,160 Speaker 4: your first time investing, you're not coming back when you 85 00:03:48,160 --> 00:03:51,080 Speaker 4: see something like this, absolutely, like if you invested for 86 00:03:51,120 --> 00:03:55,320 Speaker 4: the first time in the past two months, it feels 87 00:03:55,320 --> 00:03:57,720 Speaker 4: so discouraging because wait, hold on, this is the first 88 00:03:57,720 --> 00:04:00,200 Speaker 4: time I'm doing this. I can't recover from this. How 89 00:04:00,200 --> 00:04:02,080 Speaker 4: do I come back from this? But that's why I 90 00:04:02,120 --> 00:04:05,400 Speaker 4: have in those thresholds before you ever start. Have those 91 00:04:05,440 --> 00:04:09,480 Speaker 4: thresholds because you might see We'll use Micron for example, right, 92 00:04:09,520 --> 00:04:11,320 Speaker 4: you might see Micron go up to four to sixty. 93 00:04:11,600 --> 00:04:13,880 Speaker 3: That was pulled down the three twenty today. 94 00:04:14,560 --> 00:04:16,839 Speaker 4: But somebody sitting in that contract saying, all right, well, 95 00:04:17,279 --> 00:04:19,200 Speaker 4: I didn't invest yet, this might be a good time 96 00:04:19,200 --> 00:04:23,039 Speaker 4: for me, right, or I took some profit. I'm gonna 97 00:04:23,200 --> 00:04:25,800 Speaker 4: as it is pulling back, I'm gonna wait to get 98 00:04:25,800 --> 00:04:27,520 Speaker 4: back into it. I might get a call out even 99 00:04:27,560 --> 00:04:29,720 Speaker 4: further like I did that. I'm like, wait, I don't 100 00:04:29,720 --> 00:04:33,200 Speaker 4: have any in December twenty eight. Let's see if it hits, 101 00:04:33,480 --> 00:04:35,960 Speaker 4: if it depreciates it even more like it was forty 102 00:04:35,960 --> 00:04:38,080 Speaker 4: percent today, I was on a plane. I did get 103 00:04:38,080 --> 00:04:40,040 Speaker 4: to see the Probably those same contracts are probably down 104 00:04:40,360 --> 00:04:43,120 Speaker 4: fifty percent. I'm looking to get out into twenty twenty eight. 105 00:04:43,160 --> 00:04:45,719 Speaker 4: I'm two years out, all right, Yeah? Is it still 106 00:04:45,720 --> 00:04:47,559 Speaker 4: the company I believe in? Is the story change? 107 00:04:47,680 --> 00:04:47,800 Speaker 3: No? 108 00:04:48,279 --> 00:04:51,200 Speaker 4: Right, I don't care if sk high Neex becomes publicly 109 00:04:51,240 --> 00:04:54,960 Speaker 4: traded here in the United States. I understand the story. 110 00:04:55,279 --> 00:04:58,160 Speaker 4: Even with Google, Even with Google making the announcement about 111 00:04:58,200 --> 00:05:00,760 Speaker 4: Google kuwand and how that might change memory. Well, if 112 00:05:00,760 --> 00:05:03,080 Speaker 4: you look at the history of Google, a lot of 113 00:05:03,120 --> 00:05:07,719 Speaker 4: their products are used for internal employees. 114 00:05:07,760 --> 00:05:11,000 Speaker 3: It's the consumers get ahead. 115 00:05:11,040 --> 00:05:14,120 Speaker 4: Yeah, it's not it's not enterprise face and hey, we're 116 00:05:14,160 --> 00:05:16,760 Speaker 4: making these products so you can buy them. It's hey, 117 00:05:16,800 --> 00:05:19,320 Speaker 4: we're using them so we can get ahead and stay ahead. 118 00:05:19,560 --> 00:05:23,640 Speaker 4: So the story doesn't change. The companies haven't changed. The 119 00:05:23,720 --> 00:05:26,960 Speaker 4: opportunities and the prices and points that we get them. 120 00:05:27,200 --> 00:05:28,600 Speaker 4: That will change, but we got to make sure we're 121 00:05:28,600 --> 00:05:29,360 Speaker 4: on the right side of it. 122 00:05:29,400 --> 00:05:31,400 Speaker 1: So what's the recommend to stop laws? 123 00:05:32,760 --> 00:05:37,040 Speaker 4: Ah, I would say safety is probably anywhere between twenty 124 00:05:37,080 --> 00:05:41,880 Speaker 4: to thirty percent. They've watched me do further What companies 125 00:05:41,880 --> 00:05:43,480 Speaker 4: am I going further on in video? 126 00:05:44,040 --> 00:05:44,280 Speaker 3: Right? 127 00:05:44,360 --> 00:05:46,120 Speaker 4: Well, I go fifty per of course, I'm gonna go 128 00:05:46,160 --> 00:05:48,400 Speaker 4: fifty percent in video Micron, I've done fifty percent and 129 00:05:48,400 --> 00:05:49,799 Speaker 4: they've seen it before. 130 00:05:49,839 --> 00:05:50,960 Speaker 3: We have gone fifty percent. 131 00:05:51,080 --> 00:05:53,440 Speaker 4: If it's a company, I understand a story and I 132 00:05:53,480 --> 00:05:54,160 Speaker 4: clearly see it. 133 00:05:55,080 --> 00:05:57,000 Speaker 3: Yeah, I said it a little further. 134 00:05:56,800 --> 00:05:59,760 Speaker 2: Out and it's ain't the time for us two times 135 00:06:00,839 --> 00:06:04,760 Speaker 2: no stop loss. No, we're not in that market like 136 00:06:05,560 --> 00:06:08,920 Speaker 2: chill if it's not an excellent company for my futures 137 00:06:08,920 --> 00:06:11,160 Speaker 2: traders because some of you are taking your your stops 138 00:06:11,160 --> 00:06:14,159 Speaker 2: off and you're trying to ride it through the London 139 00:06:14,200 --> 00:06:15,120 Speaker 2: through American session. 140 00:06:15,520 --> 00:06:16,520 Speaker 3: But things can change. 141 00:06:16,520 --> 00:06:19,440 Speaker 2: So fast, and make sure that you have your trades 142 00:06:19,440 --> 00:06:22,240 Speaker 2: in place, and for my futures, traders record your trades 143 00:06:22,400 --> 00:06:25,680 Speaker 2: because if you get stopped out, you can't tell them, hey, 144 00:06:25,720 --> 00:06:27,920 Speaker 2: my stop was at this level and you feeled me here. 145 00:06:28,279 --> 00:06:30,200 Speaker 2: You're gonna have to send in evidence so that they 146 00:06:30,200 --> 00:06:33,440 Speaker 2: can verify it. And on top of that, credited back 147 00:06:33,480 --> 00:06:35,960 Speaker 2: to your account because even the slippage and your stop 148 00:06:36,000 --> 00:06:37,839 Speaker 2: loss may be deeper than you you want it to 149 00:06:37,839 --> 00:06:39,560 Speaker 2: be because of the volatility. 150 00:06:39,680 --> 00:06:40,440 Speaker 3: Be mindful. 151 00:06:41,360 --> 00:06:44,520 Speaker 4: Yeah, it's important, and that's why I said nobody celebrates 152 00:06:44,520 --> 00:06:46,719 Speaker 4: on the negative side, it's like, oh my gosh, this 153 00:06:46,839 --> 00:06:47,640 Speaker 4: Disgui's phoning. 154 00:06:47,960 --> 00:06:48,200 Speaker 3: Yep. 155 00:06:48,440 --> 00:06:52,400 Speaker 4: Well, the same micron call that was down fifty two 156 00:06:53,960 --> 00:06:56,000 Speaker 4: when I posted that, it was up two thousand percent. 157 00:06:56,200 --> 00:07:00,560 Speaker 4: Everybody cheers, Why right, It's because there was the vision 158 00:07:00,600 --> 00:07:02,720 Speaker 4: was there, but we understood the story. Were there a 159 00:07:02,800 --> 00:07:04,719 Speaker 4: lot of people and shout out to everybody that that 160 00:07:04,880 --> 00:07:08,080 Speaker 4: made gains on that. It's because of the discipline. It's 161 00:07:08,080 --> 00:07:10,640 Speaker 4: because we bought time for that to have a reversal. Right, 162 00:07:10,640 --> 00:07:13,360 Speaker 4: we can't predict volatility, but what we can do is 163 00:07:13,360 --> 00:07:14,320 Speaker 4: by time to combat it.