WEBVTT - Inside the Mind of a Young Retail Day Trader 0:00:06.200 --> 0:00:08.559 Welcome to Triance. I'm Joel Webber and I'm Eric cal 0:00:08.600 --> 0:00:15.640 Tunis Eric, good to see you. Likewise, I can see 0:00:15.680 --> 0:00:19.920 you're in a new spot now, an undisclosed location location. 0:00:20.360 --> 0:00:22.720 You're no longer in the blair Witch project. Clus you say, 0:00:22.720 --> 0:00:26.640 I can see a beach. It's glorious. Um, good for you, 0:00:26.800 --> 0:00:29.600 But Eric, I want to ask um a question of you, 0:00:29.680 --> 0:00:32.760 which is, have you been day trading during the pandemic? 0:00:33.840 --> 0:00:35.800 You know, I would love to, but as an E 0:00:35.880 --> 0:00:39.440 t F analyst, like I just don't want any E 0:00:39.600 --> 0:00:41.879 t F trades in my head. So the only day 0:00:41.920 --> 0:00:45.000 trading we ever do is sometimes my wife will be like, hey, 0:00:45.040 --> 0:00:47.559 do you see ge she the value investor. Do you 0:00:47.560 --> 0:00:50.960 see gees trading for like six bucks or something? And 0:00:51.120 --> 0:00:52.800 she might want to buy that, and that's what she 0:00:52.920 --> 0:00:55.520 might do. But I don't touch anything. I'm just stick 0:00:55.600 --> 0:00:57.960 divine hold. When I stopped covering ETFs, that's when I 0:00:58.040 --> 0:00:59.840 might go nuts with day trading. But I get it. 0:01:00.160 --> 0:01:03.640 I think it's fun. You know. I'm not some good ideas, 0:01:03.720 --> 0:01:06.360 but I'm not a day trader either. But day trading 0:01:07.280 --> 0:01:09.520 is I feel like one of the themes of the year, 0:01:10.240 --> 0:01:13.560 certainly of the pans, right, and so we had this 0:01:13.640 --> 0:01:16.200 idea to go actually talk to a couple of day 0:01:16.240 --> 0:01:19.480 traders and we found something. Yeah, I mean, you hear 0:01:19.520 --> 0:01:23.520 a lot of pundon's talking about them, um, but we 0:01:23.640 --> 0:01:26.800 never really hear from them. And it's just great to 0:01:26.840 --> 0:01:29.959 talk to the actual people sometimes who are doing it 0:01:30.440 --> 0:01:32.160 and to find out more about them. And I thought, 0:01:32.200 --> 0:01:34.000 you know, one of the moments that I thought was 0:01:34.400 --> 0:01:37.399 besides Dave Portnoy of bar Stool and the rise of 0:01:37.480 --> 0:01:41.080 robin Hood, you know, we saw that the media mentions 0:01:41.120 --> 0:01:43.959 of the word robin hood actually passed Vanguard about a 0:01:44.000 --> 0:01:46.920 month ago, and that says a lot about how big 0:01:46.959 --> 0:01:49.040 this is getting. And then stocks like Hurts, there's some 0:01:49.040 --> 0:01:51.600 certain stocks that have definitely moved by this sort of 0:01:51.720 --> 0:01:54.200 robin hood trader. Um. But if there's a lot of 0:01:54.360 --> 0:01:57.240 experts who are frowning on this and they think it's 0:01:57.240 --> 0:02:00.240 going to end badly, it's bad for the market, um. 0:02:00.280 --> 0:02:02.760 And then there's another side that says, no, it's good 0:02:02.800 --> 0:02:05.000 for them to get involved, get experience. Even if they 0:02:05.000 --> 0:02:07.360 get hurt it will learn from it. So it's become 0:02:07.400 --> 0:02:10.680 this huge debate. Um. It's called top three story of 0:02:10.680 --> 0:02:14.640 the year. So the two guests that we found Brad Trong, 0:02:15.560 --> 0:02:19.079 who is a nineteen year old student at the University 0:02:19.080 --> 0:02:23.239 of Texas, and Michael Guzzo, who's twenty four year old 0:02:23.280 --> 0:02:27.960 and works insurance and annuities company. So we spent some 0:02:28.040 --> 0:02:30.079 time talking with both of them about what it's like 0:02:30.160 --> 0:02:35.720 to be a day trader right now, this time on 0:02:35.800 --> 0:02:42.320 Trilliant The Mind of a day trader during the pandemic. Brad, 0:02:42.360 --> 0:02:45.000 Welcome to Trillian. How are you doing today? Hi, I'm 0:02:45.080 --> 0:02:47.239 daring good. And where are you coming? Where are you 0:02:47.280 --> 0:02:51.400 coming to us from? I'm coming from Houston, Texas right on. 0:02:51.680 --> 0:02:53.440 The reason that we really want to talk to you 0:02:53.560 --> 0:02:55.560 is just to kind of get inside the mind of 0:02:55.919 --> 0:02:59.360 what it's like to be a day trader right now. So, 0:02:59.360 --> 0:03:01.920 so tell us a little bit about yourself and how 0:03:02.600 --> 0:03:06.840 what you're doing right now. UM nineteen full time on 0:03:06.960 --> 0:03:09.840 a college dident, but part time I work on a 0:03:09.880 --> 0:03:12.399 startup and I have a small business on the side 0:03:12.440 --> 0:03:15.560 which generates the cash I used for me to be 0:03:15.600 --> 0:03:18.600 able to have capital to trade. And I have two accounts. 0:03:18.639 --> 0:03:21.040 I have a row I or A and I have 0:03:21.080 --> 0:03:24.560 a brokerage account which I trade off Fidelity that's pretty 0:03:24.600 --> 0:03:27.440 awesome for being nineteen. I gotta tell you, what's the 0:03:27.520 --> 0:03:30.600 small business that you're running. The small business I run 0:03:31.240 --> 0:03:33.400 I started back in high school, which is the window 0:03:33.440 --> 0:03:36.600 cleaning business, and basically I employe high school students from 0:03:37.000 --> 0:03:39.680 the local town that I'm from, which is Cyprus, Texas, 0:03:40.640 --> 0:03:42.839 and it just cleaned storefronts, like the windows and things 0:03:42.880 --> 0:03:44.760 like that, and I just get an ride fee since 0:03:44.800 --> 0:03:47.680 I manage everything. So how long have you been investing. 0:03:48.760 --> 0:03:52.680 I've been investing I think about a year. How did 0:03:52.680 --> 0:03:56.560 you get into it? I got into it through books. 0:03:57.040 --> 0:03:58.920 It was because one day I was walking through Barnes 0:03:58.960 --> 0:04:02.480 and Nobles and I saw the investment like the investing section, 0:04:02.480 --> 0:04:05.080 and I was like, oh, this seems pretty interesting. So 0:04:05.200 --> 0:04:07.760 I was like, I mean everyone talks about it and 0:04:07.800 --> 0:04:10.360 this is like the way to wealth and all that. 0:04:10.440 --> 0:04:15.080 So I picked up a book and ironically it was 0:04:15.080 --> 0:04:19.120 was um The Intelligent Investor, and that was my first book. 0:04:19.120 --> 0:04:20.520 And then from there I just read a lot of 0:04:20.600 --> 0:04:23.120 personal finance books which help have helped me a lot 0:04:23.200 --> 0:04:25.680 and my businesses. So how old were you when you 0:04:25.720 --> 0:04:27.640 were walking through Barnes and Noble and picked up an 0:04:27.640 --> 0:04:32.880 Intelligent Investor? I think either late sixteen or early seventeen, 0:04:33.240 --> 0:04:36.000 but I couldn't start trading until eighteen. So is that 0:04:36.440 --> 0:04:38.640 so you turn eighteen and did you start trading on 0:04:38.680 --> 0:04:42.680 your birthday? Yes? I made Well, let's say this is 0:04:42.720 --> 0:04:44.000 an eighteen know you don't have all the money in 0:04:44.000 --> 0:04:45.880 the world, not when out where I'm from, at least, 0:04:46.279 --> 0:04:49.440 so I've made an account, and I think that was 0:04:49.600 --> 0:04:51.560 a milestone for me because I was like, Okay, this 0:04:51.600 --> 0:04:54.960 is the start to my unquote career, my portfolio, things 0:04:54.960 --> 0:04:57.799 like that. So I started eighteen, I just added cash. 0:04:57.839 --> 0:05:00.320 I didn't really trade for about a good six once, 0:05:00.480 --> 0:05:03.080 and then I mean, you can't really trade because you 0:05:03.080 --> 0:05:04.400 don't have enough like day trading, what was it like 0:05:05.160 --> 0:05:08.440 dollars today trade without getting flagged or anything like that. 0:05:08.520 --> 0:05:10.640 But I was just saving up a lot of capital 0:05:10.760 --> 0:05:13.200 and then just putting into more slow and steady things 0:05:13.240 --> 0:05:16.400 like some dividend stocks, even though I didn't really make 0:05:16.480 --> 0:05:19.839 much returns considering the capital I had, or just some 0:05:19.920 --> 0:05:23.839 ets and knows about it. How much when you signed 0:05:23.920 --> 0:05:26.640 up and you had your account, how much did you 0:05:26.680 --> 0:05:30.400 mentally allocate to like maybe something safer like a dividend 0:05:30.400 --> 0:05:33.760 stock or buy and hold investment versus money to sort 0:05:33.760 --> 0:05:37.599 of speculate on or trade with. I think sometimes people 0:05:37.640 --> 0:05:39.760 think that a lot of the younger investors, like a 0:05:39.800 --> 0:05:43.960 hundred percent of their money is the trading money. Um, 0:05:44.320 --> 0:05:45.640 maybe it is. I don't know. I'm just trying to 0:05:45.640 --> 0:05:48.479 find out, like how you mentally allocate buy and hold 0:05:48.800 --> 0:05:52.840 long term versus maybe the more speculative, you know, let 0:05:52.839 --> 0:05:56.000 me have fun with this this portion of the money. 0:05:56.040 --> 0:06:00.200 I what I used to do was E T S, 0:06:00.200 --> 0:06:02.359 slow and steady E T F and mutual funds. I 0:06:02.440 --> 0:06:04.880 literally just went onto Fidelity. I picked up They're one 0:06:04.920 --> 0:06:07.480 of their tools was like mutual funds, like you can 0:06:07.480 --> 0:06:10.480 like check out the morning Star ratings, what's the return. 0:06:10.600 --> 0:06:13.279 So me, trying to be greedy sort of on my age, 0:06:13.320 --> 0:06:16.880 I was like, I want the highest return, lowest costs, 0:06:17.000 --> 0:06:19.760 and I just put that in and I just picked 0:06:19.760 --> 0:06:22.160 some ets that we're at the top. Let her on 0:06:22.360 --> 0:06:26.120 no not ets, excuse me, mutual funds. And that was it. Yeah. 0:06:26.680 --> 0:06:29.520 But then now I've I've switched away from that, and 0:06:30.120 --> 0:06:34.120 so what what have you switched into? I've switched into 0:06:34.160 --> 0:06:37.880 stocks and I have E T S. But I like 0:06:38.000 --> 0:06:40.960 to use aggressive ets because I'm at the point in 0:06:41.000 --> 0:06:42.839 my life where I just want to grow my account 0:06:42.880 --> 0:06:45.960 as aggressively as possible and tirish reward. But it's it's 0:06:46.000 --> 0:06:50.800 a it's centered a lout on tech. Yeah, you sent 0:06:50.880 --> 0:06:52.800 over some tickers, so let's go through some. You have 0:06:53.360 --> 0:06:57.000 w c l D, which is the Wisdom Tree cloud Computing. Um, 0:06:57.040 --> 0:06:59.360 what drew you to that? Because also that's not the 0:06:59.360 --> 0:07:01.360 biggest one of the space, So how did you pick 0:07:01.440 --> 0:07:04.200 that one out? It's always intriguing to me when somebody 0:07:04.200 --> 0:07:08.200 whose retail doesn't just go for the obvious big dog 0:07:08.240 --> 0:07:13.920 in the category, which would be Sky Sky. Well, I 0:07:13.920 --> 0:07:15.080 mean to be a big dog, you have to me 0:07:15.120 --> 0:07:21.560 an underdog first, right, So that's why w c l D. 0:07:21.840 --> 0:07:25.160 That's that I honestly picked it. Well. Also, w c 0:07:25.240 --> 0:07:26.720 l D I think has a lot of zoom in it, 0:07:26.760 --> 0:07:28.520 and I think it might be the best performing this year. 0:07:29.520 --> 0:07:32.280 Now that's the problem. That's that's a problem I personally 0:07:32.280 --> 0:07:35.160 have with such an e T F like that. It's 0:07:35.160 --> 0:07:37.000 because some of these e t s, like the A 0:07:37.160 --> 0:07:39.360 r K e t s and the w c l D, 0:07:39.640 --> 0:07:42.200 they're carried by certain stocks that have grown so much 0:07:42.800 --> 0:07:45.800 and I know it's during the time of coronavirus and 0:07:45.880 --> 0:07:49.480 fundamentals from a retail my personal retail perspectives that fundamentals 0:07:49.480 --> 0:07:51.480 that kind of the window right now and the pe 0:07:51.600 --> 0:07:55.080 ratios of a lot of these things are absurd, but 0:07:55.320 --> 0:07:57.440 it doesn't have to capitalize on it in the meantime. 0:07:57.720 --> 0:08:00.040 I think I might pull out depending on how I 0:08:00.040 --> 0:08:05.120 feel after everything settles from Corona. So so I'm curious 0:08:05.160 --> 0:08:12.280 about UM trading during the pandemic because UM a lot 0:08:12.360 --> 0:08:17.520 of investors um UM with I think kind of say, 0:08:17.600 --> 0:08:19.640 like the best way to invest is a buy and 0:08:19.720 --> 0:08:23.360 hold strategy right where you're looking over this for a 0:08:23.360 --> 0:08:26.520 long horizon. So even though you're you're nineteen right now, 0:08:27.000 --> 0:08:29.040 you know like this is money that hopefully you're not 0:08:29.040 --> 0:08:30.920 going to need for a long time, and like the 0:08:30.920 --> 0:08:35.079 horizons very far. But I'm curious, like, is this is 0:08:35.120 --> 0:08:37.640 this money that you're playing with UM on a day 0:08:37.640 --> 0:08:40.440 to day basis that you envision holding for a really 0:08:40.440 --> 0:08:42.760 long time, or is it stuff that you think has 0:08:42.800 --> 0:08:47.520 a far shorter term horizon for you. Well, initially, when 0:08:47.520 --> 0:08:51.679 I first got into quote unquote investing, I was doing 0:08:51.679 --> 0:08:55.000 I was thinking long term, but considering our how how 0:08:55.080 --> 0:08:57.040 volatile things have been, even though it's been kind of 0:08:57.040 --> 0:09:01.640 flat recently, and I push more towards the trader side 0:09:01.640 --> 0:09:03.920 of things because I just want to capitalize that. That's 0:09:03.960 --> 0:09:06.120 just simply I just want to make sure I do 0:09:06.200 --> 0:09:08.240 a lot of swing trading, a lot of day trading, 0:09:08.240 --> 0:09:10.240 because both my accounts are above that point to where 0:09:10.280 --> 0:09:12.200 I'm allowed to day trade. I do a lot of 0:09:12.240 --> 0:09:15.760 day trading, scalping and swinging trading. That's really all I do. 0:09:15.880 --> 0:09:18.360 In the meantime. I do have ets that I have left, 0:09:18.400 --> 0:09:20.559 like a r K, like a r k K, r 0:09:20.640 --> 0:09:24.559 k G a r k W. I've been holding onto 0:09:24.559 --> 0:09:26.760 them for weeks and I just left them there. I 0:09:26.880 --> 0:09:31.199 made what returns already and I put several thousands into them. 0:09:31.280 --> 0:09:35.880 Just let us sit now. When this is over, I 0:09:35.960 --> 0:09:39.040 might take a different look onto how I currently manage 0:09:39.040 --> 0:09:41.520 my portfolio. And I think, okay, let's do a long term. 0:09:41.559 --> 0:09:45.640 Now walk me through, Brad, what a typical day of 0:09:45.720 --> 0:09:49.160 day trading looks like for you. Gosha, all right, So 0:09:49.800 --> 0:09:51.920 I know I don't how we will correct me if 0:09:51.920 --> 0:09:54.040 I'm wrong. I think we will. You're allowed to open 0:09:54.120 --> 0:09:57.440 up like four am Central Standard time something like that. 0:09:58.200 --> 0:10:02.800 But for since I used Fidelity. I have pre marketing, 0:10:02.840 --> 0:10:07.440 after hours extended trading available and I I've used it. 0:10:07.600 --> 0:10:12.040 And I wake up at five am Central Standard time 0:10:12.080 --> 0:10:15.920 every single day and I scan the market for about 0:10:15.960 --> 0:10:18.920 thirty minutes. And I know this sounds done because a 0:10:18.960 --> 0:10:21.719 lot of institutional investors are gonna get mad at me. 0:10:21.720 --> 0:10:22.960 They're gonna be like, oh, you're just supposed to like 0:10:22.960 --> 0:10:25.320 do more due diligence and you know things like that. 0:10:25.600 --> 0:10:28.720 But I literally just use Reddit and stock tweets, and 0:10:28.800 --> 0:10:30.840 I might look around Twitter. I don't have a Twitter account. 0:10:30.840 --> 0:10:32.319 I just look around. I'm just like, Okay, this is 0:10:32.360 --> 0:10:34.559 what people, this is trending, this is that, And then 0:10:34.600 --> 0:10:37.040 I look at the graph. So I do look at 0:10:37.080 --> 0:10:39.000 some technicals. I try to see where the support is. 0:10:39.520 --> 0:10:42.040 Sometimes there are support, sometimes there's there's not. And I 0:10:42.080 --> 0:10:44.559 just see what the news is, the hype, things like that. 0:10:44.760 --> 0:10:49.440 And I always trying to get in before or like 0:10:49.520 --> 0:10:54.079 just as it's starting, and get out before it could 0:10:54.120 --> 0:10:57.360 potentially come down or it could be a pump and dump, 0:10:57.720 --> 0:10:59.520 because I just don't want to be too great. I'll 0:10:59.520 --> 0:11:01.280 take if I can make five percent a day, I'll 0:11:01.280 --> 0:11:04.079 make five percent a day. I'll take that I'm guessing 0:11:04.280 --> 0:11:06.000 this is because you have you gave us a list. 0:11:06.400 --> 0:11:08.559 I'm guessing this is where you use t q q 0:11:08.760 --> 0:11:12.240 Q and s q q Q. Yeah, right, this is 0:11:12.320 --> 0:11:14.640 up because that's gonna be what is that two or 0:11:14.679 --> 0:11:18.080 three times the queues? Yes, So are those your go 0:11:18.200 --> 0:11:20.960 to tools for playing like the what you think the 0:11:20.960 --> 0:11:23.480 market is going to do that day or that week. Yes, 0:11:23.840 --> 0:11:27.920 but not not often because I I've seen it happen 0:11:27.960 --> 0:11:32.400 more often than not during the last three months. Because 0:11:32.440 --> 0:11:35.080 what happens is we either in vice persa, we open 0:11:35.160 --> 0:11:37.640 green and we close red, or we open red and 0:11:37.679 --> 0:11:41.400 we close green. So I try to like ride within 0:11:41.440 --> 0:11:44.080 the first hour and get out. So like this morning, 0:11:44.679 --> 0:11:46.920 I got into t q q Q because I knew 0:11:46.960 --> 0:11:48.679 it was gonna be a green day, and I got 0:11:48.720 --> 0:11:50.439 in and wrote in a couple of percent I think 0:11:50.440 --> 0:11:52.480 it was like two percent, and then left and that's 0:11:52.520 --> 0:11:57.280 just that. So you are just actively trading the hot 0:11:57.440 --> 0:12:00.480 hot stock of the day or hot hot vehicle of 0:12:00.480 --> 0:12:05.160 the day, right. I try to, But sometimes there are 0:12:05.240 --> 0:12:07.320 days where I actually don't make a single trade because 0:12:07.559 --> 0:12:11.360 I feel it's not worth the risk of putting so 0:12:11.480 --> 0:12:14.320 much cash into a certain stock For me to make 0:12:14.320 --> 0:12:16.480 a return. So I try to see what's worth it. 0:12:16.520 --> 0:12:18.800 If it's if I see that. If if it's something's 0:12:18.840 --> 0:12:21.160 up fourteen dollars and it's bounded hit fifteen, I'll put 0:12:21.200 --> 0:12:25.800 five thousand out of automatically put up in order for 0:12:25.840 --> 0:12:28.240 it to sell. Okay, So I'm really curious if you 0:12:28.480 --> 0:12:30.680 rewind the clock a couple of months to the beginning 0:12:30.679 --> 0:12:34.640 of the pandemic, and the stock market obviously had a 0:12:34.720 --> 0:12:40.640 really frightening uh stretch there, what was that like for you? Well, 0:12:40.760 --> 0:12:42.960 I sat on the sidelines too much, and I kind 0:12:42.960 --> 0:12:44.560 of I mean, if I could go back in time, 0:12:44.600 --> 0:12:48.720 I'll put everything to sqq Q, make a lot of turns, 0:12:48.760 --> 0:12:51.320 and then Ryan March twenty third around there, I would 0:12:51.320 --> 0:12:53.640 flip around, go t q q Q and then put 0:12:53.720 --> 0:12:57.040 some other things to like the airlines. Well, I think 0:12:58.240 --> 0:13:00.120 I think everybody would. I mean, that's like that me, 0:13:00.280 --> 0:13:03.960 that's Juel. That's negative three x the cues during the crisis, 0:13:04.360 --> 0:13:09.080 and then you pivot exactly on the two three times 0:13:09.120 --> 0:13:11.800 the cues, which I think the cues are up since 0:13:11.840 --> 0:13:16.600 then that would be the immaculate trade. Um, I guess 0:13:16.720 --> 0:13:19.560 given that the FED came out of you mentioned this date. 0:13:20.400 --> 0:13:24.520 I always am curious is how much retail investors um 0:13:24.600 --> 0:13:28.160 like yourself factor in the FED because a lot of 0:13:28.440 --> 0:13:32.760 the pundits will say that the robin Hood crowd, Dave Portnoy, 0:13:32.880 --> 0:13:36.760 these are just products of a FED induced market where 0:13:36.760 --> 0:13:39.440 everything goes up and they don't know how good they 0:13:39.480 --> 0:13:42.000 have it. Um, So how do you factor in the 0:13:42.040 --> 0:13:46.239 FED to your trading? I factor in the FED depending 0:13:46.360 --> 0:13:51.800 on what stimulus they might provide. So I mean, like 0:13:51.920 --> 0:13:55.200 we have I think the unemployment ends on July one, 0:13:56.040 --> 0:14:00.520 and that that can be a make or break. So 0:14:00.679 --> 0:14:03.440 we're trying to see because if the simulus gets extended, 0:14:04.360 --> 0:14:05.920 I'm pretty sure the market is going to go great 0:14:06.080 --> 0:14:09.480 for much longer and we're gonna have the rallies gonna 0:14:09.640 --> 0:14:14.240 continue on. But if the FED doesn't step in when 0:14:14.440 --> 0:14:18.440 unemployment ends across the country, that's when you know, we 0:14:18.559 --> 0:14:23.200 might see, well, the market might realize what's happening. Because 0:14:23.240 --> 0:14:25.600 I know that there's been a common saying market is 0:14:25.640 --> 0:14:28.920 not the same as the economy. They aren't the same thing, right, 0:14:28.920 --> 0:14:32.560 And we've seen the market go up basically ever since 0:14:32.600 --> 0:14:35.760 that Marche date. Well, the economy is sort of sputtered. 0:14:36.120 --> 0:14:39.120 What do you make of that. Well, I've only lived 0:14:39.120 --> 0:14:41.560 on this road for so long, so I can't say 0:14:41.560 --> 0:14:46.040 too much, but I would have liked for the market 0:14:46.040 --> 0:14:51.080 to completely collapse. Now my rationale, what I think during 0:14:51.440 --> 0:14:56.400 my little knowledge is that the reason why the Feds 0:14:56.400 --> 0:14:59.440 have been propping of the market is to ease the 0:14:59.560 --> 0:15:04.800 drop so it's not as hard and to help people 0:15:04.840 --> 0:15:09.760 who are about to retire. So that's that's what I thought. 0:15:10.080 --> 0:15:13.400 But me being on my my my perspective is that 0:15:13.600 --> 0:15:15.880 since I'm younger, I want the socks to keep this fossil. 0:15:15.880 --> 0:15:17.880 I wanted to drop all the way. I don't care 0:15:17.960 --> 0:15:20.640 how hard, I don't care, and all the sounds messed up. 0:15:20.680 --> 0:15:22.480 People will lose their jobs, but in my post opinion, 0:15:22.600 --> 0:15:24.400 everyone everyone will be fine at the end of the day. 0:15:24.480 --> 0:15:26.600 So you know, just let it drop all the way 0:15:26.640 --> 0:15:29.280 down rock bottom, get everyone get it, or ride it 0:15:29.320 --> 0:15:33.240 back up. That's how I should have been. So speaking 0:15:33.280 --> 0:15:36.480 of yeah, you know, it makes sense. And your mindset 0:15:36.520 --> 0:15:39.480 of looking for cheap is interesting to me because when 0:15:39.680 --> 0:15:41.840 when we study et flows, it seems like when something 0:15:41.880 --> 0:15:44.640 goes up, it's like a shiny object. Retail jumps in 0:15:44.680 --> 0:15:47.280 and tries to write it and sometimes they're late. But 0:15:47.360 --> 0:15:50.680 what we've noticed is that the retail trader, the millennial, 0:15:50.760 --> 0:15:53.560 the younger one, seems to look for deals and that 0:15:53.600 --> 0:15:58.120 you own a bunch of airline stocks. Um, is that 0:15:58.160 --> 0:16:00.480 what drew you to the airline stocks with just they're 0:16:00.480 --> 0:16:04.760 so cheap? Or did you think that the expert class 0:16:05.200 --> 0:16:08.960 was overdoing the COVID fears? Why did you buy those 0:16:09.000 --> 0:16:11.400 at the time? And how did that trade go? It 0:16:11.440 --> 0:16:15.120 was oversold, completely oversowed, just just like at thin getting 0:16:15.120 --> 0:16:18.280 I I I personally believe COVID is a serious thing, 0:16:18.720 --> 0:16:21.960 but I think on the investment side of things, people 0:16:21.960 --> 0:16:24.400 were wearing way too much and everyone was just panic 0:16:24.440 --> 0:16:28.960 selling and it kept heading what stop limits and everyone 0:16:29.040 --> 0:16:31.840 just kept going down and down and down, And I 0:16:31.880 --> 0:16:37.720 think that's that's what caused such a worry. And then 0:16:37.760 --> 0:16:40.640 on my side, I saw, Okay, these airlines are cheap. Yes, 0:16:40.680 --> 0:16:43.720 the travel tourism ministry is completely like destrot in the meantime, 0:16:44.480 --> 0:16:48.320 but it's gonna bound like it's it's it's gonna it's 0:16:48.360 --> 0:16:51.720 bound to rebound. So I got into it and I 0:16:51.720 --> 0:16:53.800 erode it to the first peak, and then I left 0:16:54.240 --> 0:16:57.240 because I knew that after that there was more news, Well, 0:16:57.280 --> 0:17:00.240 there was more news coming out saying that, oh, we're 0:17:00.280 --> 0:17:03.200 having delays for cruises. Now we're having delays for parks, 0:17:03.440 --> 0:17:06.000 and um, that's not gonna ask many flights and this 0:17:06.119 --> 0:17:08.920 and that. I was like, Okay, I made my return 0:17:09.000 --> 0:17:11.639 to made returns on these airlines. I'm out now, so 0:17:12.040 --> 0:17:14.480 or even a hundred cent in returns and some of them. Okay, Brad, 0:17:14.560 --> 0:17:17.640 you mentioned returns. I gotta ask your to date. Where 0:17:17.640 --> 0:17:21.439 do you stand? Off the top of my head, on 0:17:21.480 --> 0:17:29.760 my rock I am over, and on my brokerage, thank you. 0:17:29.880 --> 0:17:33.080 On my brokerage, I think I'm up. I'm up over 0:17:33.119 --> 0:17:38.680 four call my brokerage. So what advice to other day 0:17:38.680 --> 0:17:46.560 traders do you have? Well, my advice would be two, 0:17:46.720 --> 0:17:50.520 don't fight the fed. Don't don't fight the fed, and 0:17:52.800 --> 0:17:56.520 just be realistic and don't be especially if you're thinking 0:17:56.560 --> 0:17:59.320 long term besides like day training, like everything in long term. 0:17:59.520 --> 0:18:01.560 Don't be like complaining over like a couple of pennies 0:18:01.640 --> 0:18:03.200 or a dollar, because if you know the socks is 0:18:03.280 --> 0:18:05.280 gonna go up anyways, who cares you to get hurt 0:18:05.280 --> 0:18:06.879 in the short term but the long term? Making me 0:18:06.920 --> 0:18:08.600 just fine, Like you're not gonna be looking back and 0:18:08.600 --> 0:18:11.880 be like, oh, Boeing's like currently what when seventies something 0:18:11.960 --> 0:18:13.359 right now? And you're not like, oh I wish I 0:18:13.400 --> 0:18:15.840 got out one sixty, but now like Boeing's worth like 0:18:15.920 --> 0:18:18.720 to fifty or something made no difference, Like you'll be fine. 0:18:19.119 --> 0:18:21.959 As for day trading, I just think more like just 0:18:22.240 --> 0:18:28.600 technical kind of makes sense. But just since since considering 0:18:28.600 --> 0:18:30.720 our all todd time, day train should be focused a 0:18:30.720 --> 0:18:33.000 little bit more on the market sentiment and the hype 0:18:33.000 --> 0:18:37.160 around things two do well. So that makes me wonder 0:18:37.680 --> 0:18:42.119 does it feel like you're gambling? It's not gambling if 0:18:42.160 --> 0:18:47.439 you know what you're doing. So I know people that 0:18:47.720 --> 0:18:51.800 I trade with that do gamble. But me, on the 0:18:51.800 --> 0:18:54.639 other hand, I'm like, what is it currently? Am I 0:18:54.720 --> 0:18:57.920 in before the wave comes in or the robin Hood wave? 0:18:58.480 --> 0:19:00.520 That's and And it's funny because ron that kind of 0:19:00.560 --> 0:19:02.600 makes or break things because when they come in on 0:19:02.760 --> 0:19:06.240 the Central Stanards time, they come in at eight am. 0:19:06.280 --> 0:19:08.240 I think they get in thirty minutes before the market opens. 0:19:08.280 --> 0:19:12.399 I believe everyone always worries on like stock tweets. They're like, okay, 0:19:12.840 --> 0:19:14.320 are they going to make a break this stock? Like 0:19:14.359 --> 0:19:17.200 this this this hype stock right now because robin hooders 0:19:17.240 --> 0:19:19.679 can shift the market just a little bit to the 0:19:19.680 --> 0:19:22.920 point where everyone starts panics on which is unfortunately it's 0:19:22.920 --> 0:19:26.679 the truth from what I see. So that kind of 0:19:26.800 --> 0:19:28.879 is in tune with what I think the media portrays 0:19:28.960 --> 0:19:31.600 robin Hood is the ability to move stocks a little 0:19:31.600 --> 0:19:33.719 bit even though they are you know, the total assets 0:19:33.720 --> 0:19:36.960 on robin aren't that big relative scheme of things. So 0:19:37.280 --> 0:19:39.760 what do you think of the robin Hood class of investor? 0:19:41.640 --> 0:19:43.520 Describe them for us? What do you think that? What 0:19:43.880 --> 0:19:45.960 do you think of them? A lot of them are young, 0:19:47.240 --> 0:19:49.320 A lot of them, a lot of them are very well. 0:19:49.440 --> 0:19:54.720 If what's young, if you're nineteen, well, no nine. There's 0:19:54.800 --> 0:19:59.879 there's people that trade under like their parents account and 0:20:00.040 --> 0:20:02.560 and I know them. I know them person They trained 0:20:02.560 --> 0:20:06.280 on their parents account and they're like what sixteen and 0:20:06.480 --> 0:20:09.040 they go up to like my like college age students. 0:20:09.920 --> 0:20:12.720 But I think in my personal opinion, I don't know, 0:20:12.760 --> 0:20:14.760 I don't want to get I mean, there's great people 0:20:14.760 --> 0:20:18.640 on every single platform, but I think the common class 0:20:18.640 --> 0:20:20.720 of people on robin Hood are a little bit more 0:20:21.000 --> 0:20:24.359 than novice because because one of the first things I 0:20:25.320 --> 0:20:27.239 did do when I made an account. I made two 0:20:27.240 --> 0:20:30.080 broke produce. I made one not triality, I made one 0:20:30.200 --> 0:20:33.720 on robin Hood. But then I quickly realized, Okay, yes, 0:20:33.840 --> 0:20:36.560 the ui US looks pretty here and everything, but this 0:20:36.600 --> 0:20:38.680 looks so tacky. I gotta move something to a little 0:20:38.680 --> 0:20:41.879 bit more professional with the tools the actual news. So 0:20:42.000 --> 0:20:44.640 I went straight to Fidelity. And that's why I said 0:20:44.680 --> 0:20:46.080 to that. I see robin Hood is more of like 0:20:46.119 --> 0:20:48.200 it's fun, but I see it more it's like a 0:20:48.200 --> 0:20:50.399 little bit more novice. Whereas the professional traders with a 0:20:50.440 --> 0:20:53.880 bigger accounts move, they moved to like a trade um, 0:20:54.119 --> 0:20:59.119 Charles Schwab and Fidelity. That's what I see mostly. So 0:21:00.280 --> 0:21:03.640 you've been pretty fortunate so far this year. What would 0:21:03.680 --> 0:21:06.359 you do if the market took a turn for the worst. 0:21:08.400 --> 0:21:10.960 If it's a turn for the worst, and it could 0:21:11.000 --> 0:21:13.640 be during election time, that's what a lot of people 0:21:13.640 --> 0:21:15.160 are saying right now. It could be during election time 0:21:15.440 --> 0:21:18.920 it took turn for the worst, I would have half 0:21:18.920 --> 0:21:21.280 of my account, like, both of my accounts, I would 0:21:21.280 --> 0:21:23.440 have half of them like on the side and the 0:21:23.560 --> 0:21:27.920 other half out either the day trading, depending on how 0:21:27.960 --> 0:21:32.080 it is, Like if one side wins and the market 0:21:32.080 --> 0:21:35.160 sentiments like all right, stocks go up, I'm actually throw 0:21:35.160 --> 0:21:38.280