1 00:00:06,200 --> 00:00:08,559 Speaker 1: Welcome to Triance. I'm Joel Webber and I'm Eric cal 2 00:00:08,600 --> 00:00:15,640 Speaker 1: Tunis Eric, good to see you. Likewise, I can see 3 00:00:15,680 --> 00:00:19,920 Speaker 1: you're in a new spot now, an undisclosed location location. 4 00:00:20,360 --> 00:00:22,720 Speaker 1: You're no longer in the blair Witch project. Clus you say, 5 00:00:22,720 --> 00:00:26,640 Speaker 1: I can see a beach. It's glorious. Um, good for you, 6 00:00:26,800 --> 00:00:29,600 Speaker 1: But Eric, I want to ask um a question of you, 7 00:00:29,680 --> 00:00:32,760 Speaker 1: which is, have you been day trading during the pandemic? 8 00:00:33,840 --> 00:00:35,800 Speaker 1: You know, I would love to, but as an E 9 00:00:35,880 --> 00:00:39,440 Speaker 1: t F analyst, like I just don't want any E 10 00:00:39,600 --> 00:00:41,879 Speaker 1: t F trades in my head. So the only day 11 00:00:41,920 --> 00:00:45,000 Speaker 1: trading we ever do is sometimes my wife will be like, hey, 12 00:00:45,040 --> 00:00:47,559 Speaker 1: do you see ge she the value investor. Do you 13 00:00:47,560 --> 00:00:50,960 Speaker 1: see gees trading for like six bucks or something? And 14 00:00:51,120 --> 00:00:52,800 Speaker 1: she might want to buy that, and that's what she 15 00:00:52,920 --> 00:00:55,520 Speaker 1: might do. But I don't touch anything. I'm just stick 16 00:00:55,600 --> 00:00:57,960 Speaker 1: divine hold. When I stopped covering ETFs, that's when I 17 00:00:58,040 --> 00:00:59,840 Speaker 1: might go nuts with day trading. But I get it. 18 00:01:00,160 --> 00:01:03,640 Speaker 1: I think it's fun. You know. I'm not some good ideas, 19 00:01:03,720 --> 00:01:06,360 Speaker 1: but I'm not a day trader either. But day trading 20 00:01:07,280 --> 00:01:09,520 Speaker 1: is I feel like one of the themes of the year, 21 00:01:10,240 --> 00:01:13,560 Speaker 1: certainly of the pans, right, and so we had this 22 00:01:13,640 --> 00:01:16,200 Speaker 1: idea to go actually talk to a couple of day 23 00:01:16,240 --> 00:01:19,480 Speaker 1: traders and we found something. Yeah, I mean, you hear 24 00:01:19,520 --> 00:01:23,520 Speaker 1: a lot of pundon's talking about them, um, but we 25 00:01:23,640 --> 00:01:26,800 Speaker 1: never really hear from them. And it's just great to 26 00:01:26,840 --> 00:01:29,959 Speaker 1: talk to the actual people sometimes who are doing it 27 00:01:30,440 --> 00:01:32,160 Speaker 1: and to find out more about them. And I thought, 28 00:01:32,200 --> 00:01:34,000 Speaker 1: you know, one of the moments that I thought was 29 00:01:34,400 --> 00:01:37,399 Speaker 1: besides Dave Portnoy of bar Stool and the rise of 30 00:01:37,480 --> 00:01:41,080 Speaker 1: robin Hood, you know, we saw that the media mentions 31 00:01:41,120 --> 00:01:43,959 Speaker 1: of the word robin hood actually passed Vanguard about a 32 00:01:44,000 --> 00:01:46,920 Speaker 1: month ago, and that says a lot about how big 33 00:01:46,959 --> 00:01:49,040 Speaker 1: this is getting. And then stocks like Hurts, there's some 34 00:01:49,040 --> 00:01:51,600 Speaker 1: certain stocks that have definitely moved by this sort of 35 00:01:51,720 --> 00:01:54,200 Speaker 1: robin hood trader. Um. But if there's a lot of 36 00:01:54,360 --> 00:01:57,240 Speaker 1: experts who are frowning on this and they think it's 37 00:01:57,240 --> 00:02:00,240 Speaker 1: going to end badly, it's bad for the market, um. 38 00:02:00,280 --> 00:02:02,760 Speaker 1: And then there's another side that says, no, it's good 39 00:02:02,800 --> 00:02:05,000 Speaker 1: for them to get involved, get experience. Even if they 40 00:02:05,000 --> 00:02:07,360 Speaker 1: get hurt it will learn from it. So it's become 41 00:02:07,400 --> 00:02:10,680 Speaker 1: this huge debate. Um. It's called top three story of 42 00:02:10,680 --> 00:02:14,640 Speaker 1: the year. So the two guests that we found Brad Trong, 43 00:02:15,560 --> 00:02:19,079 Speaker 1: who is a nineteen year old student at the University 44 00:02:19,080 --> 00:02:23,239 Speaker 1: of Texas, and Michael Guzzo, who's twenty four year old 45 00:02:23,280 --> 00:02:27,960 Speaker 1: and works insurance and annuities company. So we spent some 46 00:02:28,040 --> 00:02:30,079 Speaker 1: time talking with both of them about what it's like 47 00:02:30,160 --> 00:02:35,720 Speaker 1: to be a day trader right now, this time on 48 00:02:35,800 --> 00:02:42,320 Speaker 1: Trilliant The Mind of a day trader during the pandemic. Brad, 49 00:02:42,360 --> 00:02:45,000 Speaker 1: Welcome to Trillian. How are you doing today? Hi, I'm 50 00:02:45,080 --> 00:02:47,239 Speaker 1: daring good. And where are you coming? Where are you 51 00:02:47,280 --> 00:02:51,400 Speaker 1: coming to us from? I'm coming from Houston, Texas right on. 52 00:02:51,680 --> 00:02:53,440 Speaker 1: The reason that we really want to talk to you 53 00:02:53,560 --> 00:02:55,560 Speaker 1: is just to kind of get inside the mind of 54 00:02:55,919 --> 00:02:59,360 Speaker 1: what it's like to be a day trader right now. So, 55 00:02:59,360 --> 00:03:01,920 Speaker 1: so tell us a little bit about yourself and how 56 00:03:02,600 --> 00:03:06,840 Speaker 1: what you're doing right now. UM nineteen full time on 57 00:03:06,960 --> 00:03:09,840 Speaker 1: a college dident, but part time I work on a 58 00:03:09,880 --> 00:03:12,399 Speaker 1: startup and I have a small business on the side 59 00:03:12,440 --> 00:03:15,560 Speaker 1: which generates the cash I used for me to be 60 00:03:15,600 --> 00:03:18,600 Speaker 1: able to have capital to trade. And I have two accounts. 61 00:03:18,639 --> 00:03:21,040 Speaker 1: I have a row I or A and I have 62 00:03:21,080 --> 00:03:24,560 Speaker 1: a brokerage account which I trade off Fidelity that's pretty 63 00:03:24,600 --> 00:03:27,440 Speaker 1: awesome for being nineteen. I gotta tell you, what's the 64 00:03:27,520 --> 00:03:30,600 Speaker 1: small business that you're running. The small business I run 65 00:03:31,240 --> 00:03:33,400 Speaker 1: I started back in high school, which is the window 66 00:03:33,440 --> 00:03:36,600 Speaker 1: cleaning business, and basically I employe high school students from 67 00:03:37,000 --> 00:03:39,680 Speaker 1: the local town that I'm from, which is Cyprus, Texas, 68 00:03:40,640 --> 00:03:42,839 Speaker 1: and it just cleaned storefronts, like the windows and things 69 00:03:42,880 --> 00:03:44,760 Speaker 1: like that, and I just get an ride fee since 70 00:03:44,800 --> 00:03:47,680 Speaker 1: I manage everything. So how long have you been investing. 71 00:03:48,760 --> 00:03:52,680 Speaker 1: I've been investing I think about a year. How did 72 00:03:52,680 --> 00:03:56,560 Speaker 1: you get into it? I got into it through books. 73 00:03:57,040 --> 00:03:58,920 Speaker 1: It was because one day I was walking through Barnes 74 00:03:58,960 --> 00:04:02,480 Speaker 1: and Nobles and I saw the investment like the investing section, 75 00:04:02,480 --> 00:04:05,080 Speaker 1: and I was like, oh, this seems pretty interesting. So 76 00:04:05,200 --> 00:04:07,760 Speaker 1: I was like, I mean everyone talks about it and 77 00:04:07,800 --> 00:04:10,360 Speaker 1: this is like the way to wealth and all that. 78 00:04:10,440 --> 00:04:15,080 Speaker 1: So I picked up a book and ironically it was 79 00:04:15,080 --> 00:04:19,120 Speaker 1: was um The Intelligent Investor, and that was my first book. 80 00:04:19,120 --> 00:04:20,520 Speaker 1: And then from there I just read a lot of 81 00:04:20,600 --> 00:04:23,120 Speaker 1: personal finance books which help have helped me a lot 82 00:04:23,200 --> 00:04:25,680 Speaker 1: and my businesses. So how old were you when you 83 00:04:25,720 --> 00:04:27,640 Speaker 1: were walking through Barnes and Noble and picked up an 84 00:04:27,640 --> 00:04:32,880 Speaker 1: Intelligent Investor? I think either late sixteen or early seventeen, 85 00:04:33,240 --> 00:04:36,000 Speaker 1: but I couldn't start trading until eighteen. So is that 86 00:04:36,440 --> 00:04:38,640 Speaker 1: so you turn eighteen and did you start trading on 87 00:04:38,680 --> 00:04:42,680 Speaker 1: your birthday? Yes? I made Well, let's say this is 88 00:04:42,720 --> 00:04:44,000 Speaker 1: an eighteen know you don't have all the money in 89 00:04:44,000 --> 00:04:45,880 Speaker 1: the world, not when out where I'm from, at least, 90 00:04:46,279 --> 00:04:49,440 Speaker 1: so I've made an account, and I think that was 91 00:04:49,600 --> 00:04:51,560 Speaker 1: a milestone for me because I was like, Okay, this 92 00:04:51,600 --> 00:04:54,960 Speaker 1: is the start to my unquote career, my portfolio, things 93 00:04:54,960 --> 00:04:57,799 Speaker 1: like that. So I started eighteen, I just added cash. 94 00:04:57,839 --> 00:05:00,320 Speaker 1: I didn't really trade for about a good six once, 95 00:05:00,480 --> 00:05:03,080 Speaker 1: and then I mean, you can't really trade because you 96 00:05:03,080 --> 00:05:04,400 Speaker 1: don't have enough like day trading, what was it like 97 00:05:05,160 --> 00:05:08,440 Speaker 1: dollars today trade without getting flagged or anything like that. 98 00:05:08,520 --> 00:05:10,640 Speaker 1: But I was just saving up a lot of capital 99 00:05:10,760 --> 00:05:13,200 Speaker 1: and then just putting into more slow and steady things 100 00:05:13,240 --> 00:05:16,400 Speaker 1: like some dividend stocks, even though I didn't really make 101 00:05:16,480 --> 00:05:19,839 Speaker 1: much returns considering the capital I had, or just some 102 00:05:19,920 --> 00:05:23,839 Speaker 1: ets and knows about it. How much when you signed 103 00:05:23,920 --> 00:05:26,640 Speaker 1: up and you had your account, how much did you 104 00:05:26,680 --> 00:05:30,400 Speaker 1: mentally allocate to like maybe something safer like a dividend 105 00:05:30,400 --> 00:05:33,760 Speaker 1: stock or buy and hold investment versus money to sort 106 00:05:33,760 --> 00:05:37,599 Speaker 1: of speculate on or trade with. I think sometimes people 107 00:05:37,640 --> 00:05:39,760 Speaker 1: think that a lot of the younger investors, like a 108 00:05:39,800 --> 00:05:43,960 Speaker 1: hundred percent of their money is the trading money. Um, 109 00:05:44,320 --> 00:05:45,640 Speaker 1: maybe it is. I don't know. I'm just trying to 110 00:05:45,640 --> 00:05:48,479 Speaker 1: find out, like how you mentally allocate buy and hold 111 00:05:48,800 --> 00:05:52,840 Speaker 1: long term versus maybe the more speculative, you know, let 112 00:05:52,839 --> 00:05:56,000 Speaker 1: me have fun with this this portion of the money. 113 00:05:56,040 --> 00:06:00,200 Speaker 1: I what I used to do was E T S, 114 00:06:00,200 --> 00:06:02,359 Speaker 1: slow and steady E T F and mutual funds. I 115 00:06:02,440 --> 00:06:04,880 Speaker 1: literally just went onto Fidelity. I picked up They're one 116 00:06:04,920 --> 00:06:07,480 Speaker 1: of their tools was like mutual funds, like you can 117 00:06:07,480 --> 00:06:10,480 Speaker 1: like check out the morning Star ratings, what's the return. 118 00:06:10,600 --> 00:06:13,279 Speaker 1: So me, trying to be greedy sort of on my age, 119 00:06:13,320 --> 00:06:16,880 Speaker 1: I was like, I want the highest return, lowest costs, 120 00:06:17,000 --> 00:06:19,760 Speaker 1: and I just put that in and I just picked 121 00:06:19,760 --> 00:06:22,160 Speaker 1: some ets that we're at the top. Let her on 122 00:06:22,360 --> 00:06:26,120 Speaker 1: no not ets, excuse me, mutual funds. And that was it. Yeah. 123 00:06:26,680 --> 00:06:29,520 Speaker 1: But then now I've I've switched away from that, and 124 00:06:30,120 --> 00:06:34,120 Speaker 1: so what what have you switched into? I've switched into 125 00:06:34,160 --> 00:06:37,880 Speaker 1: stocks and I have E T S. But I like 126 00:06:38,000 --> 00:06:40,960 Speaker 1: to use aggressive ets because I'm at the point in 127 00:06:41,000 --> 00:06:42,839 Speaker 1: my life where I just want to grow my account 128 00:06:42,880 --> 00:06:45,960 Speaker 1: as aggressively as possible and tirish reward. But it's it's 129 00:06:46,000 --> 00:06:50,800 Speaker 1: a it's centered a lout on tech. Yeah, you sent 130 00:06:50,880 --> 00:06:52,800 Speaker 1: over some tickers, so let's go through some. You have 131 00:06:53,360 --> 00:06:57,000 Speaker 1: w c l D, which is the Wisdom Tree cloud Computing. Um, 132 00:06:57,040 --> 00:06:59,360 Speaker 1: what drew you to that? Because also that's not the 133 00:06:59,360 --> 00:07:01,360 Speaker 1: biggest one of the space, So how did you pick 134 00:07:01,440 --> 00:07:04,200 Speaker 1: that one out? It's always intriguing to me when somebody 135 00:07:04,200 --> 00:07:08,200 Speaker 1: whose retail doesn't just go for the obvious big dog 136 00:07:08,240 --> 00:07:13,920 Speaker 1: in the category, which would be Sky Sky. Well, I 137 00:07:13,920 --> 00:07:15,080 Speaker 1: mean to be a big dog, you have to me 138 00:07:15,120 --> 00:07:21,560 Speaker 1: an underdog first, right, So that's why w c l D. 139 00:07:21,840 --> 00:07:25,160 Speaker 1: That's that I honestly picked it. Well. Also, w c 140 00:07:25,240 --> 00:07:26,720 Speaker 1: l D I think has a lot of zoom in it, 141 00:07:26,760 --> 00:07:28,520 Speaker 1: and I think it might be the best performing this year. 142 00:07:29,520 --> 00:07:32,280 Speaker 1: Now that's the problem. That's that's a problem I personally 143 00:07:32,280 --> 00:07:35,160 Speaker 1: have with such an e T F like that. It's 144 00:07:35,160 --> 00:07:37,000 Speaker 1: because some of these e t s, like the A 145 00:07:37,160 --> 00:07:39,360 Speaker 1: r K e t s and the w c l D, 146 00:07:39,640 --> 00:07:42,200 Speaker 1: they're carried by certain stocks that have grown so much 147 00:07:42,800 --> 00:07:45,800 Speaker 1: and I know it's during the time of coronavirus and 148 00:07:45,880 --> 00:07:49,480 Speaker 1: fundamentals from a retail my personal retail perspectives that fundamentals 149 00:07:49,480 --> 00:07:51,480 Speaker 1: that kind of the window right now and the pe 150 00:07:51,600 --> 00:07:55,080 Speaker 1: ratios of a lot of these things are absurd, but 151 00:07:55,320 --> 00:07:57,440 Speaker 1: it doesn't have to capitalize on it in the meantime. 152 00:07:57,720 --> 00:08:00,040 Speaker 1: I think I might pull out depending on how I 153 00:08:00,040 --> 00:08:05,120 Speaker 1: feel after everything settles from Corona. So so I'm curious 154 00:08:05,160 --> 00:08:12,280 Speaker 1: about UM trading during the pandemic because UM a lot 155 00:08:12,360 --> 00:08:17,520 Speaker 1: of investors um UM with I think kind of say, 156 00:08:17,600 --> 00:08:19,640 Speaker 1: like the best way to invest is a buy and 157 00:08:19,720 --> 00:08:23,360 Speaker 1: hold strategy right where you're looking over this for a 158 00:08:23,360 --> 00:08:26,520 Speaker 1: long horizon. So even though you're you're nineteen right now, 159 00:08:27,000 --> 00:08:29,040 Speaker 1: you know like this is money that hopefully you're not 160 00:08:29,040 --> 00:08:30,920 Speaker 1: going to need for a long time, and like the 161 00:08:30,920 --> 00:08:35,079 Speaker 1: horizons very far. But I'm curious, like, is this is 162 00:08:35,120 --> 00:08:37,640 Speaker 1: this money that you're playing with UM on a day 163 00:08:37,640 --> 00:08:40,440 Speaker 1: to day basis that you envision holding for a really 164 00:08:40,440 --> 00:08:42,760 Speaker 1: long time, or is it stuff that you think has 165 00:08:42,800 --> 00:08:47,520 Speaker 1: a far shorter term horizon for you. Well, initially, when 166 00:08:47,520 --> 00:08:51,679 Speaker 1: I first got into quote unquote investing, I was doing 167 00:08:51,679 --> 00:08:55,000 Speaker 1: I was thinking long term, but considering our how how 168 00:08:55,080 --> 00:08:57,040 Speaker 1: volatile things have been, even though it's been kind of 169 00:08:57,040 --> 00:09:01,640 Speaker 1: flat recently, and I push more towards the trader side 170 00:09:01,640 --> 00:09:03,920 Speaker 1: of things because I just want to capitalize that. That's 171 00:09:03,960 --> 00:09:06,120 Speaker 1: just simply I just want to make sure I do 172 00:09:06,200 --> 00:09:08,240 Speaker 1: a lot of swing trading, a lot of day trading, 173 00:09:08,240 --> 00:09:10,240 Speaker 1: because both my accounts are above that point to where 174 00:09:10,280 --> 00:09:12,200 Speaker 1: I'm allowed to day trade. I do a lot of 175 00:09:12,240 --> 00:09:15,760 Speaker 1: day trading, scalping and swinging trading. That's really all I do. 176 00:09:15,880 --> 00:09:18,360 Speaker 1: In the meantime. I do have ets that I have left, 177 00:09:18,400 --> 00:09:20,559 Speaker 1: like a r K, like a r k K, r 178 00:09:20,640 --> 00:09:24,559 Speaker 1: k G a r k W. I've been holding onto 179 00:09:24,559 --> 00:09:26,760 Speaker 1: them for weeks and I just left them there. I 180 00:09:26,880 --> 00:09:31,199 Speaker 1: made what returns already and I put several thousands into them. 181 00:09:31,280 --> 00:09:35,880 Speaker 1: Just let us sit now. When this is over, I 182 00:09:35,960 --> 00:09:39,040 Speaker 1: might take a different look onto how I currently manage 183 00:09:39,040 --> 00:09:41,520 Speaker 1: my portfolio. And I think, okay, let's do a long term. 184 00:09:41,559 --> 00:09:45,640 Speaker 1: Now walk me through, Brad, what a typical day of 185 00:09:45,720 --> 00:09:49,160 Speaker 1: day trading looks like for you. Gosha, all right, So 186 00:09:49,800 --> 00:09:51,920 Speaker 1: I know I don't how we will correct me if 187 00:09:51,920 --> 00:09:54,040 Speaker 1: I'm wrong. I think we will. You're allowed to open 188 00:09:54,120 --> 00:09:57,440 Speaker 1: up like four am Central Standard time something like that. 189 00:09:58,200 --> 00:10:02,800 Speaker 1: But for since I used Fidelity. I have pre marketing, 190 00:10:02,840 --> 00:10:07,440 Speaker 1: after hours extended trading available and I I've used it. 191 00:10:07,600 --> 00:10:12,040 Speaker 1: And I wake up at five am Central Standard time 192 00:10:12,080 --> 00:10:15,920 Speaker 1: every single day and I scan the market for about 193 00:10:15,960 --> 00:10:18,920 Speaker 1: thirty minutes. And I know this sounds done because a 194 00:10:18,960 --> 00:10:21,719 Speaker 1: lot of institutional investors are gonna get mad at me. 195 00:10:21,720 --> 00:10:22,960 Speaker 1: They're gonna be like, oh, you're just supposed to like 196 00:10:22,960 --> 00:10:25,320 Speaker 1: do more due diligence and you know things like that. 197 00:10:25,600 --> 00:10:28,720 Speaker 1: But I literally just use Reddit and stock tweets, and 198 00:10:28,800 --> 00:10:30,840 Speaker 1: I might look around Twitter. I don't have a Twitter account. 199 00:10:30,840 --> 00:10:32,319 Speaker 1: I just look around. I'm just like, Okay, this is 200 00:10:32,360 --> 00:10:34,559 Speaker 1: what people, this is trending, this is that, And then 201 00:10:34,600 --> 00:10:37,040 Speaker 1: I look at the graph. So I do look at 202 00:10:37,080 --> 00:10:39,000 Speaker 1: some technicals. I try to see where the support is. 203 00:10:39,520 --> 00:10:42,040 Speaker 1: Sometimes there are support, sometimes there's there's not. And I 204 00:10:42,080 --> 00:10:44,559 Speaker 1: just see what the news is, the hype, things like that. 205 00:10:44,760 --> 00:10:49,440 Speaker 1: And I always trying to get in before or like 206 00:10:49,520 --> 00:10:54,079 Speaker 1: just as it's starting, and get out before it could 207 00:10:54,120 --> 00:10:57,360 Speaker 1: potentially come down or it could be a pump and dump, 208 00:10:57,720 --> 00:10:59,520 Speaker 1: because I just don't want to be too great. I'll 209 00:10:59,520 --> 00:11:01,280 Speaker 1: take if I can make five percent a day, I'll 210 00:11:01,280 --> 00:11:04,079 Speaker 1: make five percent a day. I'll take that I'm guessing 211 00:11:04,280 --> 00:11:06,000 Speaker 1: this is because you have you gave us a list. 212 00:11:06,400 --> 00:11:08,559 Speaker 1: I'm guessing this is where you use t q q 213 00:11:08,760 --> 00:11:12,240 Speaker 1: Q and s q q Q. Yeah, right, this is 214 00:11:12,320 --> 00:11:14,640 Speaker 1: up because that's gonna be what is that two or 215 00:11:14,679 --> 00:11:18,080 Speaker 1: three times the queues? Yes, So are those your go 216 00:11:18,200 --> 00:11:20,960 Speaker 1: to tools for playing like the what you think the 217 00:11:20,960 --> 00:11:23,480 Speaker 1: market is going to do that day or that week. Yes, 218 00:11:23,840 --> 00:11:27,920 Speaker 1: but not not often because I I've seen it happen 219 00:11:27,960 --> 00:11:32,400 Speaker 1: more often than not during the last three months. Because 220 00:11:32,440 --> 00:11:35,080 Speaker 1: what happens is we either in vice persa, we open 221 00:11:35,160 --> 00:11:37,640 Speaker 1: green and we close red, or we open red and 222 00:11:37,679 --> 00:11:41,400 Speaker 1: we close green. So I try to like ride within 223 00:11:41,440 --> 00:11:44,080 Speaker 1: the first hour and get out. So like this morning, 224 00:11:44,679 --> 00:11:46,920 Speaker 1: I got into t q q Q because I knew 225 00:11:46,960 --> 00:11:48,679 Speaker 1: it was gonna be a green day, and I got 226 00:11:48,720 --> 00:11:50,439 Speaker 1: in and wrote in a couple of percent I think 227 00:11:50,440 --> 00:11:52,480 Speaker 1: it was like two percent, and then left and that's 228 00:11:52,520 --> 00:11:57,280 Speaker 1: just that. So you are just actively trading the hot 229 00:11:57,440 --> 00:12:00,480 Speaker 1: hot stock of the day or hot hot vehicle of 230 00:12:00,480 --> 00:12:05,160 Speaker 1: the day, right. I try to, But sometimes there are 231 00:12:05,240 --> 00:12:07,320 Speaker 1: days where I actually don't make a single trade because 232 00:12:07,559 --> 00:12:11,360 Speaker 1: I feel it's not worth the risk of putting so 233 00:12:11,480 --> 00:12:14,320 Speaker 1: much cash into a certain stock For me to make 234 00:12:14,320 --> 00:12:16,480 Speaker 1: a return. So I try to see what's worth it. 235 00:12:16,520 --> 00:12:18,800 Speaker 1: If it's if I see that. If if it's something's 236 00:12:18,840 --> 00:12:21,160 Speaker 1: up fourteen dollars and it's bounded hit fifteen, I'll put 237 00:12:21,200 --> 00:12:25,800 Speaker 1: five thousand out of automatically put up in order for 238 00:12:25,840 --> 00:12:28,240 Speaker 1: it to sell. Okay, So I'm really curious if you 239 00:12:28,480 --> 00:12:30,680 Speaker 1: rewind the clock a couple of months to the beginning 240 00:12:30,679 --> 00:12:34,640 Speaker 1: of the pandemic, and the stock market obviously had a 241 00:12:34,720 --> 00:12:40,640 Speaker 1: really frightening uh stretch there, what was that like for you? Well, 242 00:12:40,760 --> 00:12:42,960 Speaker 1: I sat on the sidelines too much, and I kind 243 00:12:42,960 --> 00:12:44,560 Speaker 1: of I mean, if I could go back in time, 244 00:12:44,600 --> 00:12:48,720 Speaker 1: I'll put everything to sqq Q, make a lot of turns, 245 00:12:48,760 --> 00:12:51,320 Speaker 1: and then Ryan March twenty third around there, I would 246 00:12:51,320 --> 00:12:53,640 Speaker 1: flip around, go t q q Q and then put 247 00:12:53,720 --> 00:12:57,040 Speaker 1: some other things to like the airlines. Well, I think 248 00:12:58,240 --> 00:13:00,120 Speaker 1: I think everybody would. I mean, that's like that me, 249 00:13:00,280 --> 00:13:03,960 Speaker 1: that's Juel. That's negative three x the cues during the crisis, 250 00:13:04,360 --> 00:13:09,080 Speaker 1: and then you pivot exactly on the two three times 251 00:13:09,120 --> 00:13:11,800 Speaker 1: the cues, which I think the cues are up since 252 00:13:11,840 --> 00:13:16,600 Speaker 1: then that would be the immaculate trade. Um, I guess 253 00:13:16,720 --> 00:13:19,560 Speaker 1: given that the FED came out of you mentioned this date. 254 00:13:20,400 --> 00:13:24,520 Speaker 1: I always am curious is how much retail investors um 255 00:13:24,600 --> 00:13:28,160 Speaker 1: like yourself factor in the FED because a lot of 256 00:13:28,440 --> 00:13:32,760 Speaker 1: the pundits will say that the robin Hood crowd, Dave Portnoy, 257 00:13:32,880 --> 00:13:36,760 Speaker 1: these are just products of a FED induced market where 258 00:13:36,760 --> 00:13:39,440 Speaker 1: everything goes up and they don't know how good they 259 00:13:39,480 --> 00:13:42,000 Speaker 1: have it. Um, So how do you factor in the 260 00:13:42,040 --> 00:13:46,239 Speaker 1: FED to your trading? I factor in the FED depending 261 00:13:46,360 --> 00:13:51,800 Speaker 1: on what stimulus they might provide. So I mean, like 262 00:13:51,920 --> 00:13:55,200 Speaker 1: we have I think the unemployment ends on July one, 263 00:13:56,040 --> 00:14:00,520 Speaker 1: and that that can be a make or break. So 264 00:14:00,679 --> 00:14:03,440 Speaker 1: we're trying to see because if the simulus gets extended, 265 00:14:04,360 --> 00:14:05,920 Speaker 1: I'm pretty sure the market is going to go great 266 00:14:06,080 --> 00:14:09,480 Speaker 1: for much longer and we're gonna have the rallies gonna 267 00:14:09,640 --> 00:14:14,240 Speaker 1: continue on. But if the FED doesn't step in when 268 00:14:14,440 --> 00:14:18,440 Speaker 1: unemployment ends across the country, that's when you know, we 269 00:14:18,559 --> 00:14:23,200 Speaker 1: might see, well, the market might realize what's happening. Because 270 00:14:23,240 --> 00:14:25,600 Speaker 1: I know that there's been a common saying market is 271 00:14:25,640 --> 00:14:28,920 Speaker 1: not the same as the economy. They aren't the same thing, right, 272 00:14:28,920 --> 00:14:32,560 Speaker 1: And we've seen the market go up basically ever since 273 00:14:32,600 --> 00:14:35,760 Speaker 1: that Marche date. Well, the economy is sort of sputtered. 274 00:14:36,120 --> 00:14:39,120 Speaker 1: What do you make of that. Well, I've only lived 275 00:14:39,120 --> 00:14:41,560 Speaker 1: on this road for so long, so I can't say 276 00:14:41,560 --> 00:14:46,040 Speaker 1: too much, but I would have liked for the market 277 00:14:46,040 --> 00:14:51,080 Speaker 1: to completely collapse. Now my rationale, what I think during 278 00:14:51,440 --> 00:14:56,400 Speaker 1: my little knowledge is that the reason why the Feds 279 00:14:56,400 --> 00:14:59,440 Speaker 1: have been propping of the market is to ease the 280 00:14:59,560 --> 00:15:04,800 Speaker 1: drop so it's not as hard and to help people 281 00:15:04,840 --> 00:15:09,760 Speaker 1: who are about to retire. So that's that's what I thought. 282 00:15:10,080 --> 00:15:13,400 Speaker 1: But me being on my my my perspective is that 283 00:15:13,600 --> 00:15:15,880 Speaker 1: since I'm younger, I want the socks to keep this fossil. 284 00:15:15,880 --> 00:15:17,880 Speaker 1: I wanted to drop all the way. I don't care 285 00:15:17,960 --> 00:15:20,640 Speaker 1: how hard, I don't care, and all the sounds messed up. 286 00:15:20,680 --> 00:15:22,480 Speaker 1: People will lose their jobs, but in my post opinion, 287 00:15:22,600 --> 00:15:24,400 Speaker 1: everyone everyone will be fine at the end of the day. 288 00:15:24,480 --> 00:15:26,600 Speaker 1: So you know, just let it drop all the way 289 00:15:26,640 --> 00:15:29,280 Speaker 1: down rock bottom, get everyone get it, or ride it 290 00:15:29,320 --> 00:15:33,240 Speaker 1: back up. That's how I should have been. So speaking 291 00:15:33,280 --> 00:15:36,480 Speaker 1: of yeah, you know, it makes sense. And your mindset 292 00:15:36,520 --> 00:15:39,480 Speaker 1: of looking for cheap is interesting to me because when 293 00:15:39,680 --> 00:15:41,840 Speaker 1: when we study et flows, it seems like when something 294 00:15:41,880 --> 00:15:44,640 Speaker 1: goes up, it's like a shiny object. Retail jumps in 295 00:15:44,680 --> 00:15:47,280 Speaker 1: and tries to write it and sometimes they're late. But 296 00:15:47,360 --> 00:15:50,680 Speaker 1: what we've noticed is that the retail trader, the millennial, 297 00:15:50,760 --> 00:15:53,560 Speaker 1: the younger one, seems to look for deals and that 298 00:15:53,600 --> 00:15:58,120 Speaker 1: you own a bunch of airline stocks. Um, is that 299 00:15:58,160 --> 00:16:00,480 Speaker 1: what drew you to the airline stocks with just they're 300 00:16:00,480 --> 00:16:04,760 Speaker 1: so cheap? Or did you think that the expert class 301 00:16:05,200 --> 00:16:08,960 Speaker 1: was overdoing the COVID fears? Why did you buy those 302 00:16:09,000 --> 00:16:11,400 Speaker 1: at the time? And how did that trade go? It 303 00:16:11,440 --> 00:16:15,120 Speaker 1: was oversold, completely oversowed, just just like at thin getting 304 00:16:15,120 --> 00:16:18,280 Speaker 1: I I I personally believe COVID is a serious thing, 305 00:16:18,720 --> 00:16:21,960 Speaker 1: but I think on the investment side of things, people 306 00:16:21,960 --> 00:16:24,400 Speaker 1: were wearing way too much and everyone was just panic 307 00:16:24,440 --> 00:16:28,960 Speaker 1: selling and it kept heading what stop limits and everyone 308 00:16:29,040 --> 00:16:31,840 Speaker 1: just kept going down and down and down, And I 309 00:16:31,880 --> 00:16:37,720 Speaker 1: think that's that's what caused such a worry. And then 310 00:16:37,760 --> 00:16:40,640 Speaker 1: on my side, I saw, Okay, these airlines are cheap. Yes, 311 00:16:40,680 --> 00:16:43,720 Speaker 1: the travel tourism ministry is completely like destrot in the meantime, 312 00:16:44,480 --> 00:16:48,320 Speaker 1: but it's gonna bound like it's it's it's gonna it's 313 00:16:48,360 --> 00:16:51,720 Speaker 1: bound to rebound. So I got into it and I 314 00:16:51,720 --> 00:16:53,800 Speaker 1: erode it to the first peak, and then I left 315 00:16:54,240 --> 00:16:57,240 Speaker 1: because I knew that after that there was more news, Well, 316 00:16:57,280 --> 00:17:00,240 Speaker 1: there was more news coming out saying that, oh, we're 317 00:17:00,280 --> 00:17:03,200 Speaker 1: having delays for cruises. Now we're having delays for parks, 318 00:17:03,440 --> 00:17:06,000 Speaker 1: and um, that's not gonna ask many flights and this 319 00:17:06,119 --> 00:17:08,920 Speaker 1: and that. I was like, Okay, I made my return 320 00:17:09,000 --> 00:17:11,639 Speaker 1: to made returns on these airlines. I'm out now, so 321 00:17:12,040 --> 00:17:14,480 Speaker 1: or even a hundred cent in returns and some of them. Okay, Brad, 322 00:17:14,560 --> 00:17:17,640 Speaker 1: you mentioned returns. I gotta ask your to date. Where 323 00:17:17,640 --> 00:17:21,439 Speaker 1: do you stand? Off the top of my head, on 324 00:17:21,480 --> 00:17:29,760 Speaker 1: my rock I am over, and on my brokerage, thank you. 325 00:17:29,880 --> 00:17:33,080 Speaker 1: On my brokerage, I think I'm up. I'm up over 326 00:17:33,119 --> 00:17:38,680 Speaker 1: four call my brokerage. So what advice to other day 327 00:17:38,680 --> 00:17:46,560 Speaker 1: traders do you have? Well, my advice would be two, 328 00:17:46,720 --> 00:17:50,520 Speaker 1: don't fight the fed. Don't don't fight the fed, and 329 00:17:52,800 --> 00:17:56,520 Speaker 1: just be realistic and don't be especially if you're thinking 330 00:17:56,560 --> 00:17:59,320 Speaker 1: long term besides like day training, like everything in long term. 331 00:17:59,520 --> 00:18:01,560 Speaker 1: Don't be like complaining over like a couple of pennies 332 00:18:01,640 --> 00:18:03,200 Speaker 1: or a dollar, because if you know the socks is 333 00:18:03,280 --> 00:18:05,280 Speaker 1: gonna go up anyways, who cares you to get hurt 334 00:18:05,280 --> 00:18:06,879 Speaker 1: in the short term but the long term? Making me 335 00:18:06,920 --> 00:18:08,600 Speaker 1: just fine, Like you're not gonna be looking back and 336 00:18:08,600 --> 00:18:11,880 Speaker 1: be like, oh, Boeing's like currently what when seventies something 337 00:18:11,960 --> 00:18:13,359 Speaker 1: right now? And you're not like, oh I wish I 338 00:18:13,400 --> 00:18:15,840 Speaker 1: got out one sixty, but now like Boeing's worth like 339 00:18:15,920 --> 00:18:18,720 Speaker 1: to fifty or something made no difference, Like you'll be fine. 340 00:18:19,119 --> 00:18:21,959 Speaker 1: As for day trading, I just think more like just 341 00:18:22,240 --> 00:18:28,600 Speaker 1: technical kind of makes sense. But just since since considering 342 00:18:28,600 --> 00:18:30,720 Speaker 1: our all todd time, day train should be focused a 343 00:18:30,720 --> 00:18:33,000 Speaker 1: little bit more on the market sentiment and the hype 344 00:18:33,000 --> 00:18:37,160 Speaker 1: around things two do well. So that makes me wonder 345 00:18:37,680 --> 00:18:42,119 Speaker 1: does it feel like you're gambling? It's not gambling if 346 00:18:42,160 --> 00:18:47,439 Speaker 1: you know what you're doing. So I know people that 347 00:18:47,720 --> 00:18:51,800 Speaker 1: I trade with that do gamble. But me, on the 348 00:18:51,800 --> 00:18:54,639 Speaker 1: other hand, I'm like, what is it currently? Am I 349 00:18:54,720 --> 00:18:57,920 Speaker 1: in before the wave comes in or the robin Hood wave? 350 00:18:58,480 --> 00:19:00,520 Speaker 1: That's and And it's funny because ron that kind of 351 00:19:00,560 --> 00:19:02,600 Speaker 1: makes or break things because when they come in on 352 00:19:02,760 --> 00:19:06,240 Speaker 1: the Central Stanards time, they come in at eight am. 353 00:19:06,280 --> 00:19:08,240 Speaker 1: I think they get in thirty minutes before the market opens. 354 00:19:08,280 --> 00:19:12,399 Speaker 1: I believe everyone always worries on like stock tweets. They're like, okay, 355 00:19:12,840 --> 00:19:14,320 Speaker 1: are they going to make a break this stock? Like 356 00:19:14,359 --> 00:19:17,200 Speaker 1: this this this hype stock right now because robin hooders 357 00:19:17,240 --> 00:19:19,679 Speaker 1: can shift the market just a little bit to the 358 00:19:19,680 --> 00:19:22,920 Speaker 1: point where everyone starts panics on which is unfortunately it's 359 00:19:22,920 --> 00:19:26,679 Speaker 1: the truth from what I see. So that kind of 360 00:19:26,800 --> 00:19:28,879 Speaker 1: is in tune with what I think the media portrays 361 00:19:28,960 --> 00:19:31,600 Speaker 1: robin Hood is the ability to move stocks a little 362 00:19:31,600 --> 00:19:33,719 Speaker 1: bit even though they are you know, the total assets 363 00:19:33,720 --> 00:19:36,960 Speaker 1: on robin aren't that big relative scheme of things. So 364 00:19:37,280 --> 00:19:39,760 Speaker 1: what do you think of the robin Hood class of investor? 365 00:19:41,640 --> 00:19:43,520 Speaker 1: Describe them for us? What do you think that? What 366 00:19:43,880 --> 00:19:45,960 Speaker 1: do you think of them? A lot of them are young, 367 00:19:47,240 --> 00:19:49,320 Speaker 1: A lot of them, a lot of them are very well. 368 00:19:49,440 --> 00:19:54,720 Speaker 1: If what's young, if you're nineteen, well, no nine. There's 369 00:19:54,800 --> 00:19:59,879 Speaker 1: there's people that trade under like their parents account and 370 00:20:00,040 --> 00:20:02,560 Speaker 1: and I know them. I know them person They trained 371 00:20:02,560 --> 00:20:06,280 Speaker 1: on their parents account and they're like what sixteen and 372 00:20:06,480 --> 00:20:09,040 Speaker 1: they go up to like my like college age students. 373 00:20:09,920 --> 00:20:12,720 Speaker 1: But I think in my personal opinion, I don't know, 374 00:20:12,760 --> 00:20:14,760 Speaker 1: I don't want to get I mean, there's great people 375 00:20:14,760 --> 00:20:18,640 Speaker 1: on every single platform, but I think the common class 376 00:20:18,640 --> 00:20:20,720 Speaker 1: of people on robin Hood are a little bit more 377 00:20:21,000 --> 00:20:24,359 Speaker 1: than novice because because one of the first things I 378 00:20:25,320 --> 00:20:27,239 Speaker 1: did do when I made an account. I made two 379 00:20:27,240 --> 00:20:30,080 Speaker 1: broke produce. I made one not triality, I made one 380 00:20:30,200 --> 00:20:33,720 Speaker 1: on robin Hood. But then I quickly realized, Okay, yes, 381 00:20:33,840 --> 00:20:36,560 Speaker 1: the ui US looks pretty here and everything, but this 382 00:20:36,600 --> 00:20:38,680 Speaker 1: looks so tacky. I gotta move something to a little 383 00:20:38,680 --> 00:20:41,879 Speaker 1: bit more professional with the tools the actual news. So 384 00:20:42,000 --> 00:20:44,640 Speaker 1: I went straight to Fidelity. And that's why I said 385 00:20:44,680 --> 00:20:46,080 Speaker 1: to that. I see robin Hood is more of like 386 00:20:46,119 --> 00:20:48,200 Speaker 1: it's fun, but I see it more it's like a 387 00:20:48,200 --> 00:20:50,399 Speaker 1: little bit more novice. Whereas the professional traders with a 388 00:20:50,440 --> 00:20:53,880 Speaker 1: bigger accounts move, they moved to like a trade um, 389 00:20:54,119 --> 00:20:59,119 Speaker 1: Charles Schwab and Fidelity. That's what I see mostly. So 390 00:21:00,280 --> 00:21:03,640 Speaker 1: you've been pretty fortunate so far this year. What would 391 00:21:03,680 --> 00:21:06,359 Speaker 1: you do if the market took a turn for the worst. 392 00:21:08,400 --> 00:21:10,960 Speaker 1: If it's a turn for the worst, and it could 393 00:21:11,000 --> 00:21:13,640 Speaker 1: be during election time, that's what a lot of people 394 00:21:13,640 --> 00:21:15,160 Speaker 1: are saying right now. It could be during election time 395 00:21:15,440 --> 00:21:18,920 Speaker 1: it took turn for the worst, I would have half 396 00:21:18,920 --> 00:21:21,280 Speaker 1: of my account, like, both of my accounts, I would 397 00:21:21,280 --> 00:21:23,440 Speaker 1: have half of them like on the side and the 398 00:21:23,560 --> 00:21:27,920 Speaker 1: other half out either the day trading, depending on how 399 00:21:27,960 --> 00:21:32,080 Speaker 1: it is, Like if one side wins and the market 400 00:21:32,080 --> 00:21:35,160 Speaker 1: sentiments like all right, stocks go up, I'm actually throw 401 00:21:35,160 --> 00:21:38,280 Speaker 1: my whole account into it. But if stocks go down 402 00:21:38,920 --> 00:21:42,680 Speaker 1: because one party wins, I'm just gonna put half half 403 00:21:42,680 --> 00:21:44,560 Speaker 1: my portfolio to the side and then the other half 404 00:21:44,640 --> 00:21:46,879 Speaker 1: until like st Q and write it down by the 405 00:21:46,960 --> 00:21:50,120 Speaker 1: day and then to see where stocks go. Things like that, 406 00:21:51,080 --> 00:21:54,360 Speaker 1: You're you're I mean d smps down what a couple 407 00:21:54,400 --> 00:21:56,880 Speaker 1: of percents this here? So if you were a hedge fund, 408 00:21:56,880 --> 00:21:58,960 Speaker 1: you'd be like a big deal. You're being getting phone 409 00:21:58,960 --> 00:22:03,240 Speaker 1: calls from Cowper's um and that's fun, right. I guess 410 00:22:03,240 --> 00:22:05,439 Speaker 1: my question is, like, to Joel's point, let's say you 411 00:22:05,440 --> 00:22:08,000 Speaker 1: were down ten percent this year, would you have as 412 00:22:08,080 --> 00:22:11,359 Speaker 1: much interest in doing it still? Like how much of 413 00:22:11,400 --> 00:22:15,639 Speaker 1: the fund comes from being up versus just the interesting 414 00:22:15,720 --> 00:22:19,040 Speaker 1: part of analyzing stocks in the news and whatnot. Well, 415 00:22:19,080 --> 00:22:23,240 Speaker 1: if I was down, let's say I would still invest. 416 00:22:23,280 --> 00:22:26,320 Speaker 1: I would still trade, because I think that's the part 417 00:22:26,320 --> 00:22:29,359 Speaker 1: of change and considering our time that that can be 418 00:22:29,400 --> 00:22:32,639 Speaker 1: an excuse, like why your account is down? Do I 419 00:22:32,640 --> 00:22:35,680 Speaker 1: think your accounting You down't know what if your account 420 00:22:35,800 --> 00:22:38,320 Speaker 1: is down, it's like, well it's it's during COVID. You'll 421 00:22:38,359 --> 00:22:40,160 Speaker 1: you'll be fine, you'll you'll make it back and it's sorry, 422 00:22:40,840 --> 00:22:43,000 Speaker 1: but I mean, considering our recent rally, I think everyone 423 00:22:43,000 --> 00:22:44,680 Speaker 1: should at least be in the green in the meantime, 424 00:22:45,280 --> 00:22:49,600 Speaker 1: assuming you weren't like trading like some speculative like stock 425 00:22:49,680 --> 00:22:53,600 Speaker 1: that went down or something. I forgot to ask something. 426 00:22:53,880 --> 00:22:56,720 Speaker 1: What do you think of E t f s in general? 427 00:23:00,680 --> 00:23:05,679 Speaker 1: E t s in general? I think they're great for 428 00:23:05,760 --> 00:23:11,639 Speaker 1: people who want to like invest passively, but if you 429 00:23:11,760 --> 00:23:16,480 Speaker 1: have like an aggressive mentality to make risky trades and 430 00:23:16,520 --> 00:23:19,960 Speaker 1: things like that, I would I like e t f 431 00:23:20,000 --> 00:23:23,679 Speaker 1: s that do high returns. I don't care how much 432 00:23:23,720 --> 00:23:25,399 Speaker 1: expense ratio is, but I want them to be as 433 00:23:25,520 --> 00:23:29,919 Speaker 1: high as possible. And the problem nowadays what I see, well, 434 00:23:30,480 --> 00:23:32,280 Speaker 1: not really a problem. I to see that a lot 435 00:23:32,280 --> 00:23:33,919 Speaker 1: of the stocks are still at a quoin unquote discount 436 00:23:34,000 --> 00:23:38,200 Speaker 1: right now. So I'd rather capitalize on the stocks than 437 00:23:38,320 --> 00:23:40,040 Speaker 1: to put money into an e t F because the 438 00:23:40,040 --> 00:23:42,320 Speaker 1: E t F might not make enough returns fast enough 439 00:23:42,359 --> 00:23:44,920 Speaker 1: as much as I want to stock. It's interesting. Thank 440 00:23:44,960 --> 00:23:49,840 Speaker 1: you so much for all the Yeah, thank you for 441 00:23:49,880 --> 00:23:59,440 Speaker 1: having me, Michael, Welcome to Srilliance. Thank you, thanks you 442 00:23:59,480 --> 00:24:02,320 Speaker 1: as thanks for having me on very excited. So, Michael, 443 00:24:02,320 --> 00:24:05,760 Speaker 1: who are you and where are you coming to us from? UM? 444 00:24:05,760 --> 00:24:08,399 Speaker 1: My name is Michael Guzzo. UM. I'm from Old Bridge, 445 00:24:08,440 --> 00:24:12,320 Speaker 1: New Jersey. UH, small town in Jersey. UM. I graduated 446 00:24:12,320 --> 00:24:17,200 Speaker 1: from Rutgers University with a biodegree, currently working in finance. UM. 447 00:24:17,240 --> 00:24:22,920 Speaker 1: I worked for UM, an insurance and annuity company, doing 448 00:24:22,960 --> 00:24:27,720 Speaker 1: basicool clerical stuff. And you know, I'm here obviously to 449 00:24:27,760 --> 00:24:31,040 Speaker 1: talk about trading and day trading. So that's something I 450 00:24:31,080 --> 00:24:34,400 Speaker 1: got into as recently as March. And I'm not very 451 00:24:34,400 --> 00:24:39,159 Speaker 1: experienced or anything like that, but it's something that really 452 00:24:39,200 --> 00:24:43,240 Speaker 1: just came about out of nowhere because obviously with the 453 00:24:43,320 --> 00:24:47,879 Speaker 1: pandemic UM there is really a void less for a 454 00:24:47,920 --> 00:24:51,560 Speaker 1: lot of people. So stay trading was something that came up, 455 00:24:51,600 --> 00:24:54,080 Speaker 1: and now I'm really interested in it. So I've been 456 00:24:54,080 --> 00:24:56,320 Speaker 1: doing it for a little bit now and something i'd 457 00:24:56,320 --> 00:24:59,320 Speaker 1: love to talk about. So how and how old are you? 458 00:25:00,960 --> 00:25:05,639 Speaker 1: I'm four years old, so I graduated in Okay. UM. 459 00:25:05,880 --> 00:25:09,800 Speaker 1: So that I'm kind of curious about investing in general. 460 00:25:09,840 --> 00:25:12,800 Speaker 1: Have you had you ever invested before the pandemic or 461 00:25:12,840 --> 00:25:17,400 Speaker 1: did was that was the pandemic what got you into investing? So? No, Yeah, 462 00:25:17,440 --> 00:25:20,439 Speaker 1: I never actually invested before the pandemic. It was the 463 00:25:20,480 --> 00:25:24,040 Speaker 1: pandemic that led me into this. So really I think 464 00:25:24,080 --> 00:25:26,040 Speaker 1: what happened was it was kind of like a perfect 465 00:25:26,040 --> 00:25:29,200 Speaker 1: storm situation. So I think there is really a void 466 00:25:29,280 --> 00:25:31,359 Speaker 1: left by the pandemic for a lot of people like 467 00:25:31,520 --> 00:25:35,320 Speaker 1: me my age. So I'm really into playing poker and 468 00:25:35,359 --> 00:25:37,520 Speaker 1: a little bit of online gambling, and that was something 469 00:25:37,560 --> 00:25:40,960 Speaker 1: that was really halted as this happened. So that void 470 00:25:41,040 --> 00:25:43,000 Speaker 1: was left, and then we kind of turned to the 471 00:25:43,040 --> 00:25:45,359 Speaker 1: internet and we saw that it was really an up 472 00:25:45,400 --> 00:25:49,400 Speaker 1: and coming thing among younger people, especially um this day 473 00:25:49,400 --> 00:25:54,000 Speaker 1: trading whole phenomenon with retail investors coming in. So I mean, 474 00:25:54,040 --> 00:25:57,240 Speaker 1: I really think it was a result of the pandemic primarily. 475 00:25:57,400 --> 00:26:00,000 Speaker 1: And then you just go online seeing these online communities. 476 00:26:00,040 --> 00:26:02,080 Speaker 1: There's a bunch of people it's just like me who 477 00:26:02,080 --> 00:26:04,879 Speaker 1: are just getting into this try to you know, be 478 00:26:04,960 --> 00:26:07,800 Speaker 1: really risky with their with their money and investments because 479 00:26:07,840 --> 00:26:10,080 Speaker 1: we're at a young age where we want to try 480 00:26:10,119 --> 00:26:11,840 Speaker 1: to get off to like a really good start, and 481 00:26:11,840 --> 00:26:14,960 Speaker 1: we could afford to make really big risks. So what 482 00:26:15,040 --> 00:26:17,360 Speaker 1: was the moment that you said, you know what I'm 483 00:26:17,359 --> 00:26:21,240 Speaker 1: gonna I'm gonna get into the market. So my friend 484 00:26:21,280 --> 00:26:24,080 Speaker 1: had actually been talking to me about the market. He 485 00:26:24,160 --> 00:26:27,280 Speaker 1: told me um he was doing options, and I had 486 00:26:27,359 --> 00:26:29,959 Speaker 1: no idea what that was at the time, so I 487 00:26:30,000 --> 00:26:32,120 Speaker 1: looked into it and I did a little research, and 488 00:26:32,160 --> 00:26:35,639 Speaker 1: obviously it's a very complicated thing, so it took a 489 00:26:35,680 --> 00:26:37,560 Speaker 1: lot of time to really learn what was going on. 490 00:26:38,200 --> 00:26:41,400 Speaker 1: And my friend who initially introduced me to it, had 491 00:26:41,440 --> 00:26:44,879 Speaker 1: started off doing very well, and it was something I 492 00:26:44,880 --> 00:26:46,760 Speaker 1: obviously wanted to look into and see if there was 493 00:26:46,800 --> 00:26:50,080 Speaker 1: an opportunity. And I noted this that at the time, 494 00:26:50,160 --> 00:26:53,240 Speaker 1: obviously of the market crash, it was an extremely volatile 495 00:26:53,560 --> 00:26:55,440 Speaker 1: time for the market, and it seemed like there was 496 00:26:55,480 --> 00:26:57,600 Speaker 1: a huge opportunity for people to make a lot of 497 00:26:57,600 --> 00:27:00,119 Speaker 1: money or you know, lose a lot of money they 498 00:27:00,160 --> 00:27:02,000 Speaker 1: don't know what they're doing, which of course happened to 499 00:27:02,520 --> 00:27:05,240 Speaker 1: I'm sure a bunch of people. So yeah, it was 500 00:27:05,320 --> 00:27:08,320 Speaker 1: it was really just my friend who introduced me to it, 501 00:27:08,400 --> 00:27:10,240 Speaker 1: and as I did more research, it was something I 502 00:27:10,240 --> 00:27:13,119 Speaker 1: became really interested in this following and of course I 503 00:27:13,160 --> 00:27:16,480 Speaker 1: had a family grandparents who were always big into investing, 504 00:27:16,920 --> 00:27:19,480 Speaker 1: and I was always very interested in maybe trying it 505 00:27:19,520 --> 00:27:21,960 Speaker 1: out and I thought I could start here is a 506 00:27:22,000 --> 00:27:24,840 Speaker 1: good learning experience, but really just go right into it. 507 00:27:25,160 --> 00:27:28,679 Speaker 1: So so the time frame that you're sort of describing, 508 00:27:29,040 --> 00:27:33,080 Speaker 1: you know, March was a pretty traumatic and dramatic month 509 00:27:33,600 --> 00:27:36,760 Speaker 1: for a lot of investors. Did you get in as 510 00:27:36,760 --> 00:27:38,960 Speaker 1: the market was going before the market went down, as 511 00:27:39,000 --> 00:27:42,720 Speaker 1: it was going down, or or after it reached bottom. 512 00:27:42,960 --> 00:27:47,640 Speaker 1: So I've got in basically as it reached the bottom, 513 00:27:47,760 --> 00:27:51,680 Speaker 1: maybe like a day or two before it actually hit 514 00:27:51,720 --> 00:27:53,520 Speaker 1: the bottom, talking of you know, the E, T S, 515 00:27:53,640 --> 00:27:56,879 Speaker 1: the S and P one hit bottom. So there was 516 00:27:56,920 --> 00:27:59,000 Speaker 1: a very heavy sentiment at that time that we were 517 00:27:59,040 --> 00:28:02,000 Speaker 1: going to continue to go down in the market because 518 00:28:02,040 --> 00:28:04,639 Speaker 1: there was just panic all around with this virus. People 519 00:28:04,680 --> 00:28:07,240 Speaker 1: were really thinking that, you know, this is going to 520 00:28:07,320 --> 00:28:10,800 Speaker 1: be like a really catastrophic thing for our country and 521 00:28:10,800 --> 00:28:13,400 Speaker 1: it was going to have a lasting impact, which who knows, 522 00:28:13,440 --> 00:28:16,800 Speaker 1: it's still may but we didn't expect, you know, at 523 00:28:16,840 --> 00:28:19,919 Speaker 1: least people among the online communities didn't expect us to 524 00:28:19,960 --> 00:28:22,920 Speaker 1: have the comeback we've had so far. So I did 525 00:28:22,960 --> 00:28:26,000 Speaker 1: get in near the bottom, and with that strong sentiment 526 00:28:26,040 --> 00:28:29,560 Speaker 1: that we were going down, I started off expecting that 527 00:28:29,640 --> 00:28:34,560 Speaker 1: we would continue to go down, which platform did do 528 00:28:34,680 --> 00:28:37,919 Speaker 1: you use to trade and how did you divide the 529 00:28:37,920 --> 00:28:43,680 Speaker 1: money between maybe more long term versus pure just trading 530 00:28:43,720 --> 00:28:46,040 Speaker 1: money that you're trying to get a quick buck off of. 531 00:28:46,840 --> 00:28:50,360 Speaker 1: So when first of all, the platform that I used 532 00:28:50,360 --> 00:28:53,600 Speaker 1: exclusively is robin Hood and that's a very popular one 533 00:28:53,720 --> 00:28:56,200 Speaker 1: among you know, new traders. I'm sure you guys know that. 534 00:28:56,320 --> 00:28:59,080 Speaker 1: So that was the most accessible and easy one just 535 00:28:59,160 --> 00:29:02,440 Speaker 1: to start off with. It's a very easy going platform 536 00:29:02,600 --> 00:29:06,480 Speaker 1: and like the the way it looks and everything is 537 00:29:06,600 --> 00:29:09,600 Speaker 1: very accessible and easy to use. So that was good. 538 00:29:09,640 --> 00:29:13,400 Speaker 1: And then to answer your second question, um, I really 539 00:29:13,640 --> 00:29:15,760 Speaker 1: was just trying to make a quick book and that 540 00:29:15,840 --> 00:29:18,200 Speaker 1: continues to be the theme. It's not really much about 541 00:29:18,280 --> 00:29:20,640 Speaker 1: long term investment as of right now. I'm trying to 542 00:29:20,720 --> 00:29:24,760 Speaker 1: build up a you know, a capital, a large amount 543 00:29:24,760 --> 00:29:28,400 Speaker 1: of money to start into long term investing um because 544 00:29:28,400 --> 00:29:31,480 Speaker 1: you know, with options, it's a really volatile thing where 545 00:29:31,880 --> 00:29:34,120 Speaker 1: prices can go up and down very much, where if 546 00:29:34,120 --> 00:29:36,200 Speaker 1: you're investing a long term you want to hold that 547 00:29:36,320 --> 00:29:38,800 Speaker 1: for a long time, and you kind of need a 548 00:29:38,840 --> 00:29:40,480 Speaker 1: lot of money to start off with if you want 549 00:29:40,520 --> 00:29:44,760 Speaker 1: to make a big amount. I'm really curious how you 550 00:29:44,800 --> 00:29:47,360 Speaker 1: go about your day are you are you trading throughout 551 00:29:47,440 --> 00:29:54,000 Speaker 1: the day or basically, what's describe a typical day for 552 00:29:54,080 --> 00:29:56,680 Speaker 1: you and what are your inputs? Like? What are you 553 00:29:56,720 --> 00:30:00,960 Speaker 1: looking for? Right? So, I would say the main thing 554 00:30:01,000 --> 00:30:03,440 Speaker 1: I'm looking for to decide how I'm going to trade. 555 00:30:03,440 --> 00:30:06,520 Speaker 1: Because I'm obviously not very experienced with this, I don't 556 00:30:06,560 --> 00:30:09,360 Speaker 1: know any of the technical analysis of the stuff that 557 00:30:09,360 --> 00:30:13,000 Speaker 1: goes into you know, price action and determining where the 558 00:30:13,040 --> 00:30:16,200 Speaker 1: price is going to go, So I rely heavily on 559 00:30:16,200 --> 00:30:21,120 Speaker 1: online materials, you know, online communities, places like Reddit, Twitter. 560 00:30:21,720 --> 00:30:25,440 Speaker 1: Although a lot of this stuff is not very professional, 561 00:30:25,800 --> 00:30:29,520 Speaker 1: professional or reliable in a sense, um, there are some 562 00:30:29,560 --> 00:30:32,360 Speaker 1: really great things you can find, especially on Twitter. There's 563 00:30:32,360 --> 00:30:36,200 Speaker 1: there's some great resources professional traders too, you know, give 564 00:30:36,240 --> 00:30:39,479 Speaker 1: out great advice. And it's not to say just follow 565 00:30:39,560 --> 00:30:42,760 Speaker 1: every single thing they say, but you know, for someone 566 00:30:42,800 --> 00:30:46,120 Speaker 1: like me who who's not very experienced with the market, 567 00:30:46,160 --> 00:30:49,280 Speaker 1: you've got to look for those resources at and see 568 00:30:49,320 --> 00:30:51,560 Speaker 1: what you can do with them. As for a day 569 00:30:51,560 --> 00:30:55,120 Speaker 1: by day basis, That's basically what I do is. You know, 570 00:30:56,280 --> 00:30:58,040 Speaker 1: now that I've been doing this for a long time, 571 00:30:58,040 --> 00:31:01,080 Speaker 1: there are certain stocks I like to follow, and you know, 572 00:31:01,160 --> 00:31:04,480 Speaker 1: look for buying opportunities where you know, try to buy 573 00:31:04,560 --> 00:31:08,440 Speaker 1: dips where I think they're gonna go back up and such. Um, 574 00:31:08,640 --> 00:31:11,840 Speaker 1: But looking online for you know, people I've been following 575 00:31:12,160 --> 00:31:14,239 Speaker 1: and just kind of following on the sales is up. 576 00:31:15,520 --> 00:31:17,760 Speaker 1: Tell me about sort of some of the dips that 577 00:31:17,800 --> 00:31:20,200 Speaker 1: you've been sort of looking for, what kind of what 578 00:31:20,280 --> 00:31:23,840 Speaker 1: kind of stuff. So a lot of things I'm focused 579 00:31:23,880 --> 00:31:27,000 Speaker 1: on is tech stocks at this time and online retail 580 00:31:27,240 --> 00:31:32,560 Speaker 1: selling things like cloud services, Star and cloud Services have 581 00:31:32,680 --> 00:31:35,880 Speaker 1: seemed to be doing very well, um, And any time 582 00:31:36,120 --> 00:31:37,640 Speaker 1: you find a dip in those, I think it's a 583 00:31:37,640 --> 00:31:40,720 Speaker 1: good buying opportunity. But yes, to remember that this is 584 00:31:40,800 --> 00:31:43,200 Speaker 1: kind of not a long term thing. It's very short term. 585 00:31:43,280 --> 00:31:45,920 Speaker 1: So it's all about you know, getting in and getting 586 00:31:45,920 --> 00:31:49,120 Speaker 1: out quick to make a profit. And although I haven't 587 00:31:49,160 --> 00:31:51,680 Speaker 1: been that great as far, I think I'm learning a 588 00:31:51,680 --> 00:31:54,200 Speaker 1: lot to get to a point where the future that 589 00:31:54,240 --> 00:31:58,440 Speaker 1: I'll be able to do list more successfully. So you know, 590 00:31:58,560 --> 00:32:02,640 Speaker 1: specific stocks all. So online gambling ones were good for 591 00:32:02,720 --> 00:32:04,920 Speaker 1: a point, but they've been going down a little bit now. 592 00:32:05,720 --> 00:32:08,360 Speaker 1: Just about doing the research online and looking for the 593 00:32:08,480 --> 00:32:12,719 Speaker 1: right opportunities and you know, knowing when to exit well 594 00:32:12,760 --> 00:32:15,440 Speaker 1: that's a good question. So let's say you go into something, 595 00:32:15,600 --> 00:32:17,600 Speaker 1: how do you know when to exit if it doesn't 596 00:32:18,480 --> 00:32:21,240 Speaker 1: go up in a day or two? Are you out right? So, 597 00:32:22,480 --> 00:32:24,480 Speaker 1: I mean it's a lot of risk management. It is 598 00:32:24,640 --> 00:32:29,440 Speaker 1: very difficult doing this from a very you know, inexperienced 599 00:32:29,480 --> 00:32:33,400 Speaker 1: perspective that I have, because someone like me, I get 600 00:32:33,520 --> 00:32:35,440 Speaker 1: very scared when you see the price to go down 601 00:32:35,600 --> 00:32:38,240 Speaker 1: and you know you're down the money. So it's like 602 00:32:38,400 --> 00:32:40,880 Speaker 1: when you when I first started doing this, it was like, oh, 603 00:32:40,920 --> 00:32:43,000 Speaker 1: I'm down a little bit. I need to exit right away, 604 00:32:43,080 --> 00:32:44,880 Speaker 1: and then you know, the next day or the two 605 00:32:45,000 --> 00:32:46,760 Speaker 1: days from then, it goes up and you're like you 606 00:32:46,840 --> 00:32:49,560 Speaker 1: kind of regret it. And then on the flip side, 607 00:32:49,680 --> 00:32:53,400 Speaker 1: it's like, oh, you hold it for you have profits 608 00:32:53,440 --> 00:32:54,960 Speaker 1: and you want to hold it for longer and try 609 00:32:54,960 --> 00:32:56,800 Speaker 1: to build it more, and then it goes down and 610 00:32:56,840 --> 00:32:59,720 Speaker 1: you lose it, and like, you know, just being so 611 00:32:59,800 --> 00:33:02,920 Speaker 1: an experience than impatient with it, it's kind of difficult 612 00:33:03,000 --> 00:33:06,480 Speaker 1: to gauge when the right entry and exit points are. 613 00:33:07,000 --> 00:33:10,480 Speaker 1: So I've kind of I've kind of started to take 614 00:33:10,480 --> 00:33:13,520 Speaker 1: a more conservative approach and just try to take profits 615 00:33:13,520 --> 00:33:16,680 Speaker 1: wherever I could, and you know, set up stop losses 616 00:33:16,920 --> 00:33:19,280 Speaker 1: at certain points when I think it's gone too far. 617 00:33:20,360 --> 00:33:23,040 Speaker 1: So I'm curious because what you're sort of describing there is, 618 00:33:23,320 --> 00:33:26,720 Speaker 1: um the day trading mindset versus sort of a buy 619 00:33:26,760 --> 00:33:29,920 Speaker 1: and hold long term investor. And I'm curious have you 620 00:33:30,000 --> 00:33:32,320 Speaker 1: thought about sort of do you think you're going to 621 00:33:32,400 --> 00:33:36,360 Speaker 1: continue to day trade or are you see yourself transitioning 622 00:33:36,520 --> 00:33:39,360 Speaker 1: into becoming more of a buy and hold long term investor. 623 00:33:40,480 --> 00:33:43,640 Speaker 1: Right So that's a really good question. Um. I do 624 00:33:43,840 --> 00:33:48,520 Speaker 1: envision over time that I'll gradually change my strategy to 625 00:33:48,640 --> 00:33:52,160 Speaker 1: more a long term position, But the goal right now 626 00:33:52,360 --> 00:33:54,720 Speaker 1: is to be as risky as possible, I think, because 627 00:33:54,760 --> 00:33:56,920 Speaker 1: like I said, I want to build that capital before 628 00:33:57,160 --> 00:34:00,960 Speaker 1: I transition to more long term positions. The way to 629 00:34:01,000 --> 00:34:04,360 Speaker 1: do that quickly is, you know, trading these options and 630 00:34:04,480 --> 00:34:08,959 Speaker 1: day trading and playing like very short positions. So that's 631 00:34:08,960 --> 00:34:11,000 Speaker 1: the goal I would say, ultimately is to get to 632 00:34:11,000 --> 00:34:13,520 Speaker 1: a spot where I feel comfortable I have enough capital 633 00:34:13,600 --> 00:34:16,360 Speaker 1: to start investing long term and then maybe set aside 634 00:34:16,400 --> 00:34:19,359 Speaker 1: a little bit for the day trading. But you know, 635 00:34:19,520 --> 00:34:21,160 Speaker 1: I think right now we're in a time where the 636 00:34:21,160 --> 00:34:23,719 Speaker 1: market is so wilid hoiwer that there's there is a 637 00:34:23,719 --> 00:34:26,480 Speaker 1: lot of opportunity where you can make you know, a 638 00:34:26,560 --> 00:34:28,479 Speaker 1: large amount of money in a short period of time, 639 00:34:29,040 --> 00:34:31,480 Speaker 1: and that's really the goal for now. And those opportunities 640 00:34:31,520 --> 00:34:34,480 Speaker 1: have come to me, just just hasn't been the right 641 00:34:34,520 --> 00:34:37,840 Speaker 1: capitalization on my part. So how much are you willing 642 00:34:37,880 --> 00:34:46,120 Speaker 1: to risk? Um, I mean on a on a specific 643 00:34:46,160 --> 00:34:51,320 Speaker 1: trade or just overall both, I mean overall, I would 644 00:34:51,560 --> 00:34:55,520 Speaker 1: I have invested around pen grant, so that's like the 645 00:34:55,560 --> 00:34:57,960 Speaker 1: starting point, and then on specific trades I try to 646 00:34:58,360 --> 00:35:01,160 Speaker 1: you know, keep a percentage of that amount as the limit. 647 00:35:01,440 --> 00:35:04,399 Speaker 1: So you know, that's obviously a strategy that people use, 648 00:35:04,560 --> 00:35:07,319 Speaker 1: and I know kind of grand Pobaby isn't a lot 649 00:35:07,400 --> 00:35:10,359 Speaker 1: to really start with, but you can you can make 650 00:35:10,400 --> 00:35:13,520 Speaker 1: a significant amount of money with that. So you know, 651 00:35:13,520 --> 00:35:16,120 Speaker 1: on a specific trade, I try not to go over 652 00:35:16,200 --> 00:35:19,480 Speaker 1: like a five amount, I guess, but if I really 653 00:35:19,480 --> 00:35:22,800 Speaker 1: feel confidently about something or or I'm seeing some feedback, 654 00:35:23,400 --> 00:35:26,120 Speaker 1: you know, I'll go, I'll go, I'll go a little 655 00:35:26,200 --> 00:35:30,040 Speaker 1: higher than that. Okay, let's some you know, one of 656 00:35:30,040 --> 00:35:32,080 Speaker 1: the things you mentioned earlier, just want to go through 657 00:35:32,280 --> 00:35:34,920 Speaker 1: how you like what you're using. You said you use 658 00:35:35,000 --> 00:35:37,480 Speaker 1: options on spy and i w M, which is the 659 00:35:37,719 --> 00:35:40,719 Speaker 1: large and small cap ets. What kind of options are 660 00:35:40,800 --> 00:35:44,040 Speaker 1: are you using? And like how do you because options 661 00:35:43,400 --> 00:35:46,360 Speaker 1: side options like this is a different end of the 662 00:35:46,400 --> 00:35:50,600 Speaker 1: swing pool then then most people. Yeah, yeah, it's a 663 00:35:50,640 --> 00:35:53,839 Speaker 1: little more complicated, right, It is very complicated, and and 664 00:35:53,880 --> 00:35:55,759 Speaker 1: that's kind of like I kind of just jumped right 665 00:35:55,760 --> 00:35:58,640 Speaker 1: into the fire. You know, I really didn't know much 666 00:35:58,680 --> 00:36:01,919 Speaker 1: about investing, so we went straight into options and it's 667 00:36:01,960 --> 00:36:05,040 Speaker 1: really h it's really a you're playing with fire when 668 00:36:05,040 --> 00:36:10,080 Speaker 1: you're doing that, and it's an explosive game. So, um, 669 00:36:10,120 --> 00:36:14,440 Speaker 1: the type what you mentioned this spy and i WM options, 670 00:36:14,480 --> 00:36:17,239 Speaker 1: that's really what I started off with because those are 671 00:36:17,280 --> 00:36:19,920 Speaker 1: the major indexes, and I really didn't know much about 672 00:36:19,920 --> 00:36:22,640 Speaker 1: other stocks. So, you know, at the time when I 673 00:36:22,680 --> 00:36:25,279 Speaker 1: went in, when we hit the bottom, I was doing 674 00:36:25,600 --> 00:36:28,920 Speaker 1: mainly put on spot, which you know, I'm sure you know, 675 00:36:29,080 --> 00:36:31,640 Speaker 1: is you're betting on it to go down over a 676 00:36:31,640 --> 00:36:33,960 Speaker 1: certain period of time. So, like I said, when I 677 00:36:34,000 --> 00:36:36,600 Speaker 1: first got in, there was a really strong sentiment that 678 00:36:37,040 --> 00:36:39,120 Speaker 1: we were kind of going to continue to crash down. 679 00:36:39,200 --> 00:36:42,240 Speaker 1: And I think we were around you know, like two 680 00:36:42,280 --> 00:36:45,520 Speaker 1: fifty two forty range, and I was kind of just 681 00:36:46,920 --> 00:36:52,279 Speaker 1: piggybacking on these online communities, taking out positions, monthly positions 682 00:36:52,320 --> 00:36:55,080 Speaker 1: on spy puts, like in the two hundreds the two 683 00:36:55,160 --> 00:36:58,040 Speaker 1: hundred and five range to start off, which you know 684 00:36:58,239 --> 00:37:00,960 Speaker 1: is very far out of the money, but people were 685 00:37:01,000 --> 00:37:04,560 Speaker 1: really expecting from kind of like apocalyptic thing to come 686 00:37:04,600 --> 00:37:08,080 Speaker 1: from the market. And you know, like when I first started, 687 00:37:09,160 --> 00:37:12,239 Speaker 1: it was I had no idea how to manage or 688 00:37:12,320 --> 00:37:14,640 Speaker 1: when I went to exit a certain position. I kind 689 00:37:14,680 --> 00:37:17,480 Speaker 1: of just held on my first trade until it expired, 690 00:37:17,920 --> 00:37:20,600 Speaker 1: which essentially became worthless at the end because I didn't 691 00:37:20,600 --> 00:37:23,359 Speaker 1: know what I was doing. So as the market went up, 692 00:37:23,719 --> 00:37:27,920 Speaker 1: you know, I should have probably cut the losses. It 693 00:37:28,000 --> 00:37:31,359 Speaker 1: sounds like you've transitioned to other things as well, from 694 00:37:31,360 --> 00:37:35,920 Speaker 1: options on major indexes, like what have been the last 695 00:37:36,000 --> 00:37:38,680 Speaker 1: Like what are you using these days to get that? 696 00:37:38,960 --> 00:37:44,560 Speaker 1: I guess juice right, So, um now I don't focus 697 00:37:44,400 --> 00:37:47,600 Speaker 1: as much on those major indexes really. Over the time 698 00:37:47,920 --> 00:37:50,120 Speaker 1: I started with the indexes to kind of learn how 699 00:37:50,160 --> 00:37:52,880 Speaker 1: it works as far as the pricing, how the pricing 700 00:37:53,000 --> 00:37:56,680 Speaker 1: changes with the movement of the stock price, the pricing 701 00:37:56,719 --> 00:38:00,120 Speaker 1: of the option. Um Now I moved on to know 702 00:38:00,520 --> 00:38:07,440 Speaker 1: your general mostly like popular stocks, Facebook, Apple, Twitter, things 703 00:38:07,440 --> 00:38:11,719 Speaker 1: that you know are common among people. Day trading has 704 00:38:11,760 --> 00:38:16,239 Speaker 1: been like such a phenomenon during the pandemic as as 705 00:38:16,280 --> 00:38:18,399 Speaker 1: you mentioned, and you know, you're an example of someone 706 00:38:18,440 --> 00:38:20,960 Speaker 1: who sort of got drawn into the markets from this. 707 00:38:21,719 --> 00:38:26,400 Speaker 1: What have you learned about investing through this? UM? Well, 708 00:38:26,640 --> 00:38:30,799 Speaker 1: I definitely learned about options a lot. And that's the 709 00:38:30,840 --> 00:38:33,719 Speaker 1: main thing that I say. I really took a huge 710 00:38:33,800 --> 00:38:36,840 Speaker 1: leap in learning. I mean by no means am I 711 00:38:37,000 --> 00:38:40,280 Speaker 1: an expert on this stuff or you know, knowledgeable about 712 00:38:40,280 --> 00:38:43,960 Speaker 1: how technical analysis works, but just as far as how 713 00:38:44,239 --> 00:38:47,439 Speaker 1: you know, puts and calls operate, as far as their 714 00:38:47,480 --> 00:38:51,120 Speaker 1: prices in relation to you know, expliration dates and the 715 00:38:51,160 --> 00:38:53,880 Speaker 1: prices of the stocks. So I think that's been a 716 00:38:54,000 --> 00:38:57,239 Speaker 1: very good learning experience for me for the future if 717 00:38:57,280 --> 00:38:59,200 Speaker 1: I want to continue to do this and you know, 718 00:38:59,280 --> 00:39:03,600 Speaker 1: develop a more conservative approach. And you know, through these 719 00:39:03,600 --> 00:39:07,720 Speaker 1: online communities I was mentioning, like Twitter and Reddit, um 720 00:39:07,760 --> 00:39:11,360 Speaker 1: there are some really great, you know, resources for learning 721 00:39:11,400 --> 00:39:13,880 Speaker 1: on there as far as you know, people providing input 722 00:39:13,960 --> 00:39:18,160 Speaker 1: for trading and just overall information. And there's a bunch 723 00:39:18,200 --> 00:39:21,439 Speaker 1: of people taking advantage of these retail investors splotting in 724 00:39:21,520 --> 00:39:25,880 Speaker 1: by providing conscription services on you know, learning more information 725 00:39:25,920 --> 00:39:29,919 Speaker 1: about trading and stuff like that. So yeah, so what 726 00:39:29,920 --> 00:39:33,839 Speaker 1: what advice for others um interested in doubling in options? 727 00:39:34,000 --> 00:39:38,920 Speaker 1: Do you have? Um? My advice would be not to 728 00:39:39,160 --> 00:39:42,200 Speaker 1: go in you know, so gung ho right away, I 729 00:39:42,200 --> 00:39:45,160 Speaker 1: would say definitely if you're going to start off, start 730 00:39:45,200 --> 00:39:47,600 Speaker 1: off with a very small amount and you know, try 731 00:39:47,640 --> 00:39:50,719 Speaker 1: to learn how the price action works as far as 732 00:39:50,800 --> 00:39:55,640 Speaker 1: like how the relation of the option prices change, how 733 00:39:55,719 --> 00:39:59,080 Speaker 1: the option prices change in relation to the stock, and 734 00:39:59,239 --> 00:40:01,680 Speaker 1: how it gets close to the aspiration date, and you know, 735 00:40:02,320 --> 00:40:06,719 Speaker 1: just learn overall about how it works before before you 736 00:40:06,760 --> 00:40:10,600 Speaker 1: invest too much money. Right, do you feel like you're 737 00:40:10,600 --> 00:40:14,200 Speaker 1: a gambler? Does this feel like gambling? Yeah? Definitely, So 738 00:40:14,480 --> 00:40:18,479 Speaker 1: it definitely feels like gambling as opposed to investing, And 739 00:40:18,600 --> 00:40:21,600 Speaker 1: I think that's an important thing to recognize. So I'm 740 00:40:21,680 --> 00:40:25,200 Speaker 1: I'm a very big poker player. Um. You know, obviously 741 00:40:25,239 --> 00:40:27,600 Speaker 1: with the pandemic all the casinos were shut down. So 742 00:40:28,280 --> 00:40:30,640 Speaker 1: back to the point I mentioned earlier, kind of less 743 00:40:30,640 --> 00:40:32,520 Speaker 1: devoid and a lot of people like me, you know, 744 00:40:32,560 --> 00:40:35,520 Speaker 1: I like to play poker and gamble on online online 745 00:40:35,800 --> 00:40:39,640 Speaker 1: sports whatever e gaming and you know, gamble on sports 746 00:40:39,640 --> 00:40:45,480 Speaker 1: com on, and this is really kind of similar to 747 00:40:45,640 --> 00:40:48,839 Speaker 1: that in the sense that it is a gambling as 748 00:40:48,840 --> 00:40:52,480 Speaker 1: opposed to investing. Whereas, if you're investing long term more 749 00:40:52,560 --> 00:40:56,160 Speaker 1: or less, if you're investing in you know, a solid company, 750 00:40:56,400 --> 00:40:58,520 Speaker 1: you have an idea over a long period of time, 751 00:40:58,680 --> 00:41:01,719 Speaker 1: you're pretty much guarante feed in the sense to get 752 00:41:01,800 --> 00:41:05,680 Speaker 1: some returns, whereas this really is a gamble where you 753 00:41:05,719 --> 00:41:09,640 Speaker 1: can you can get massive returns, but you can lose everything. 754 00:41:10,880 --> 00:41:12,840 Speaker 1: And well, I guess real quick, how much are you 755 00:41:12,920 --> 00:41:15,239 Speaker 1: up here to date? Would you say, I'm definitely not 756 00:41:15,360 --> 00:41:20,399 Speaker 1: up here to date? But you know, um, it's it's 757 00:41:20,440 --> 00:41:24,600 Speaker 1: been a good learning experience as far as just the 758 00:41:24,600 --> 00:41:28,200 Speaker 1: whole the whole use of robin hood and learning how 759 00:41:28,200 --> 00:41:35,520 Speaker 1: the options work. Um. So, And so let me pivot 760 00:41:35,600 --> 00:41:38,279 Speaker 1: from that, which is because a lot of people are 761 00:41:38,280 --> 00:41:41,320 Speaker 1: worried about people having a great experience. They're up big 762 00:41:41,920 --> 00:41:44,879 Speaker 1: and then are they going to be shattered when they lose? 763 00:41:44,960 --> 00:41:47,879 Speaker 1: So if you're not up here to date, that's um 764 00:41:48,120 --> 00:41:51,680 Speaker 1: kind of kills that whole critique from the pundit crowd 765 00:41:51,719 --> 00:41:54,399 Speaker 1: on the retail investor. I guess my think my other 766 00:41:54,480 --> 00:41:57,200 Speaker 1: question would be something they say is well, as soon 767 00:41:57,200 --> 00:42:00,520 Speaker 1: as sports come back, a lot of these traders are 768 00:42:00,520 --> 00:42:03,040 Speaker 1: gonna go back to that. Do you think this is 769 00:42:03,080 --> 00:42:06,479 Speaker 1: going to be something you do in the future even 770 00:42:06,480 --> 00:42:09,160 Speaker 1: when sports come back and other forms of like I 771 00:42:09,200 --> 00:42:13,560 Speaker 1: guess gambling for lack of a better word, reappear, right, Um, 772 00:42:13,680 --> 00:42:15,680 Speaker 1: I think for me and for a lot of people, 773 00:42:15,760 --> 00:42:19,160 Speaker 1: it definitely depends on how well we do with this 774 00:42:19,600 --> 00:42:22,680 Speaker 1: when that stuff comes back, because obviously that voice that 775 00:42:22,760 --> 00:42:26,800 Speaker 1: has been left um by no sports has been fulfilled 776 00:42:26,840 --> 00:42:30,520 Speaker 1: by you know, playing with the market. So if I'm 777 00:42:30,520 --> 00:42:32,440 Speaker 1: in a position where I have lost a lot of 778 00:42:32,480 --> 00:42:34,680 Speaker 1: money when sports come back, maybe I'll take it easy 779 00:42:34,840 --> 00:42:38,920 Speaker 1: and not continue to do this. But I think that 780 00:42:38,960 --> 00:42:42,200 Speaker 1: it's something over the long term that I really want 781 00:42:42,200 --> 00:42:46,840 Speaker 1: to continue to learn about and and probably continue to 782 00:42:46,880 --> 00:42:49,719 Speaker 1: do regardless of this stuff coming back. And I think 783 00:42:49,760 --> 00:42:52,880 Speaker 1: that will be a common thing among many people my age. 784 00:42:53,520 --> 00:42:55,879 Speaker 1: Like I said, they kind of just we're through into 785 00:42:55,960 --> 00:42:59,840 Speaker 1: the fire here, and it's it's a thing where people 786 00:43:00,840 --> 00:43:03,520 Speaker 1: who weren't previously exposed to it, who have now seen 787 00:43:03,600 --> 00:43:07,160 Speaker 1: it really see it as a huge opportunity where they 788 00:43:07,200 --> 00:43:09,040 Speaker 1: can make a lot of money if they if they 789 00:43:09,080 --> 00:43:11,080 Speaker 1: want to put in the work and learn about it. 790 00:43:11,200 --> 00:43:15,960 Speaker 1: So I do think that even as time goes by, 791 00:43:16,239 --> 00:43:20,080 Speaker 1: we will continue to see um an increase in people 792 00:43:20,239 --> 00:43:24,000 Speaker 1: investing in the market and and doing options. What do 793 00:43:24,000 --> 00:43:28,480 Speaker 1: you think of E T s? UM, I think the 794 00:43:28,480 --> 00:43:31,239 Speaker 1: the E T s they're more of a kind of 795 00:43:31,280 --> 00:43:35,759 Speaker 1: safer a safer play relative to stocks. Maybe I'm not 796 00:43:35,800 --> 00:43:38,359 Speaker 1: really sure though. UM. Like I said, I started off 797 00:43:38,360 --> 00:43:40,480 Speaker 1: in the beginning with the E T s. I think 798 00:43:40,520 --> 00:43:43,760 Speaker 1: obviously they are a general indication of how the market 799 00:43:43,840 --> 00:43:48,280 Speaker 1: is going. UM the ones that I really played around 800 00:43:48,280 --> 00:43:51,160 Speaker 1: with the most of the Spy and the Russell. I 801 00:43:51,200 --> 00:43:53,279 Speaker 1: think there are opportunities there in the E T s 802 00:43:53,320 --> 00:43:57,239 Speaker 1: because if there's you know, good news about COVID or 803 00:43:57,280 --> 00:43:59,879 Speaker 1: bad news about it, you can generally expect a move, 804 00:44:00,360 --> 00:44:03,920 Speaker 1: especially now in these times, up or down. So I 805 00:44:03,960 --> 00:44:07,400 Speaker 1: think there's there's a lot um to be had as 806 00:44:07,440 --> 00:44:11,200 Speaker 1: far as opportunities in the ets, because I think they're 807 00:44:11,360 --> 00:44:14,440 Speaker 1: it's more easily predictable than a particular stock, because you know, 808 00:44:14,520 --> 00:44:17,799 Speaker 1: there's news about particular stocks that can come out that 809 00:44:17,880 --> 00:44:21,560 Speaker 1: change the price in a kind of drastic manner. Whereas 810 00:44:21,880 --> 00:44:24,239 Speaker 1: the EPs kind of moved with what's going on in 811 00:44:24,280 --> 00:44:29,320 Speaker 1: the news, just general sense, all right, Michael, thank you 812 00:44:29,360 --> 00:44:32,160 Speaker 1: so much for joining us on Trillions. Thanks guys, thank 813 00:44:32,160 --> 00:44:39,040 Speaker 1: you for having me. Thanks for listening to Trillions until 814 00:44:39,080 --> 00:44:41,160 Speaker 1: next time. You can find us on the Bloomberg Terminal, 815 00:44:41,520 --> 00:44:45,920 Speaker 1: Bloomberg dot com, Apple Podcasts, Spotify, and wherever else you'd 816 00:44:45,960 --> 00:44:48,279 Speaker 1: like to listen. We'd love to hear from you. We're 817 00:44:48,320 --> 00:44:52,319 Speaker 1: on Twitter. I'm at Joel Webber Show. He's at Eric Caltunas. 818 00:44:53,520 --> 00:44:57,600 Speaker 1: This episode of Trillions was produced by Magnus Hendrickson. Francesca 819 00:44:57,680 --> 00:45:07,040 Speaker 1: Levy is the head of Bloomberg Podcast, but then to death.