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Speaker 2: We got a special one for ya tonight, y'all, special,

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Speaker 2: real special.

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Speaker 3: Yeah.

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Speaker 4: So this is one of the ones, man, This is

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Speaker 4: one of those ones that everybody has been asking for

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Speaker 4: for a long time, and what better time to do

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Speaker 4: it than now? So this is this is gonna be

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Speaker 4: you know, a very educational, informational session.

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Speaker 5: What's going on? Brother?

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Speaker 3: So, my guy, how you brocuse everything with Troy?

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Speaker 2: What up? Brother, my guy? What's going on with you?

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Speaker 3: Brother?

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Speaker 2: You see that set up? That mean something legendary about

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Speaker 2: to happen. Yes, don't be confused. Legendary movements about to happen. Y'all.

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Speaker 5: Welcome to the Welcome to the big show.

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Speaker 3: Thank you, my brother, thank you.

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Speaker 5: Draft ed and.

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Speaker 2: With the number one E selects they call him mister

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Speaker 2: smooth out there. You know, see that being served down

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Speaker 2: to the heights. Dykeman, What up? Man?

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Speaker 4: Yeah, let me intro Chris. So if you don't know Chris.

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Speaker 4: Chris has been teaching for us for months now at

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Speaker 4: Eyo University. I think it actually teaches two classes a

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Speaker 4: week and just breaks down stocks like one of the

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Speaker 4: best to actually on the educational side to actually explain

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Speaker 4: it from a technical standpoint, from charts, but also just

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Speaker 4: from a you know, a baseline level, explaining you know stocks,

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Speaker 4: how it works, how to get in, you know, how

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Speaker 4: to open a brokerage account, you know all this stuff

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Speaker 4: like you know, and that's one of the things with

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Speaker 4: ey University that we try to do because I know,

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Speaker 4: sometimes when we when we just talk and you might

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Speaker 4: just hear it in on market Mondays or just on

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Speaker 4: you on Instagram, it's kind of tough. It's kind of

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Speaker 4: tough to just you know, move at the beginning level

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Speaker 4: if you're just starting out. If we have an advanced conversation,

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Speaker 4: So we always try to bring it back to the

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Speaker 4: you know, a understanding so everybody can understand it from

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Speaker 4: beginning to advance.

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Speaker 5: And it's on going education that we do every single week.

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Speaker 4: So yeah, Chris is one of one of our favorite

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Speaker 4: teachers professors that we have at Eyo University. So being that,

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Speaker 4: you know, he was thinking about a topic to talk about,

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Speaker 4: and I'm like, oh, this is perfect topic because everybody

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Speaker 4: kept keeps asking about puts, how to short stock. Obviously

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Speaker 4: the stock market is going down right now, so you know,

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Speaker 4: most people are under the common misconception that you only

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Speaker 4: make money when stocks go up, but that's not necessarily true.

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Speaker 4: You can make money from stocks actually going down. Well,

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Speaker 4: and that's what we're going to talk about today, like

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Speaker 4: how you know the whole thing, like what it actually means,

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Speaker 4: what a putt is, you know, how to short the stock,

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Speaker 4: things of that nature. So of course, like anything, you know,

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Speaker 4: there's risk involved, so you know, do your research, be careful.

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Speaker 4: It's not to tell you like this is what to do,

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Speaker 4: like you should do this play right now tomorrow, but

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Speaker 4: it's to provide you information that will equip you moving

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Speaker 4: forward if you want to be a trader.

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Speaker 2: I think that's that's one of the best things about Chris,

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Speaker 2: so like not only do we talk about the things,

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Speaker 2: but he actually shows you why you're looking at he's

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Speaker 2: looking at it, and why you should be looking at

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Speaker 2: it in a very very detailed way. So I've been

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Speaker 2: sneaking in the classes, Chris, I know, I'm just sneaking

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Speaker 2: in those classes. So yeah, and assessing what we're learning

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Speaker 2: is important too, right, And that's one of the things

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Speaker 2: that he does as well. I think it's rightly important

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Speaker 2: to say like, yeah, we're airing, Yeah we kind of

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Speaker 2: understand it, but how do you know if you understand it?

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Speaker 2: And so like having that assessment piece is dope too,

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Speaker 2: So kudos to you, my brother.

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Speaker 4: And it's also important to it's not necessarily like that

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Speaker 4: this is the time where you have to short, but

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Speaker 4: you should know how to short because there's always an

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Speaker 4: opportunity to short stocks, and even if you don't use

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Speaker 4: it should it should be part of your It's like,

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Speaker 4: you know, it's like a carpenter. You have to have

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Speaker 4: different tools in the toolbox. So you just can't have

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Speaker 4: a hammer, that's it. Like you might have a school drive,

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Speaker 4: you have a hammer, you have a wrench. So now

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Speaker 4: when the time comes for you to use that tool,

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Speaker 4: then you'll actually be prepared. So this is something that

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Speaker 4: you can use now if you want, but it's not

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Speaker 4: a situation where it's like you have to use it

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Speaker 4: right now because the market is going down. It's just

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Speaker 4: something that is extremely beneficial for you to learn. So

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Speaker 4: you know, you could use it now if you want,

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Speaker 4: or when the time comes, if you have a stock

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Speaker 4: that you feel is the right stock to actually put

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Speaker 4: a put on or the short then you'll be ready.

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Speaker 4: So yeah, that's what that's what this is about. So

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Speaker 4: I'll just give a quick overview once again. Welcome to

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Speaker 4: everybody on YouTube that's joining us. We do this once

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Speaker 4: a month, the last Wednesday of the month at eight

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Speaker 4: o'clock Eastern Standard time. What we call open Enrollment is

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Speaker 4: kind of an open window to eyl University and it

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Speaker 4: just kind of gives you a preview, a sneak peak

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Speaker 4: of what we actually do every single week. And as

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Speaker 4: I said, Chris is somebody that actually teaches multiple classes

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Speaker 4: for US weekly, So you know this is this is

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Speaker 4: a good indicator of what's.

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Speaker 5: Going on inside the e y University.

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Speaker 4: So I'll talk more about Eyo University later on, but

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Speaker 4: without further ado, I'll hand it off to Chris and

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Speaker 4: let him let him, let him get in his bag.

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Speaker 3: Definitely, definitely. First of all, thanks again trying to shot

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Speaker 3: for the great opportunity to talk about such a vital

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Speaker 3: topic today, and that is how do you actually make

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Speaker 3: money in a bear market, in a correction market? How

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Speaker 3: do you actually make money and become profitable? So today's

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Speaker 3: all about knowing how to get into puts, how to short,

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Speaker 3: but most importantly knowing the technicals behind it to actually

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Speaker 3: have the confirmation to make money. So with that being said,

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Speaker 3: for those that do not know me, I'm Christopher Munios.

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Speaker 3: I'm a cybersecurity product manager at Microsoft. That's my main

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Speaker 3: you know career or you know job that I currently have.

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Speaker 3: I'm a big, big advocate for STEM careers. I'm mostly

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Speaker 3: the foundering CEO of Level of Academy is an educational platform.

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Speaker 3: The founder CEO of Level of Apago, foundering CEO of

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Speaker 3: Level of Financial, which is a creditor payer, and also

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Speaker 3: bus is funding company, and most of the CEO of

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Speaker 3: MVR Luxury Rental. So if you're ever in Miami and

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Speaker 3: you want to get a nice car, a nice crib boat,

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Speaker 3: everything like that, we definitely have that. So definitely feel

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Speaker 3: free to tape in when it comes to that. Something

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Speaker 3: critical that Rashad mentioned was that you have to be flexible.

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Speaker 3: Right Oftentimes as an investor, as a trader, you probably

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Speaker 3: have just one go to strategy. And the best thing

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Speaker 3: when it comes to being a good investor or a

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Speaker 3: good trader, is that you have to be an athlete.

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Speaker 3: You got to be adaptive, you got to be flexible

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Speaker 3: to all changing markets, and you got to have different

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Speaker 3: tool kits when it comes to your bag to really profit,

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Speaker 3: and right now is a very very tough time, you know,

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Speaker 3: to profit. However, I'm definitely going to you know, dissect

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Speaker 3: technical analysis today and give you the direct tools that

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Speaker 3: you need to be able to make money. Right There's

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Speaker 3: one word that I definitely want you to write down

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Speaker 3: today and that is stackflation. Stackflation is where we're at

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Speaker 3: right now. Although the headlines on CNN and these different

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Speaker 3: use press they say that we're about to enter that market,

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Speaker 3: we're already there. So for those that do not know

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Speaker 3: what stackflation is, tackflation is where we are at a

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Speaker 3: point where there's no economic growth, is very stagnant. So

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Speaker 3: consider a chart. When a chart is not trending either

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Speaker 3: up or down, is going to trade sideways. That's the

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Speaker 3: current economy that we're in right now. So there's definitely

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Speaker 3: a big difference between stackflation and also a recession. So

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Speaker 3: to give you a better picture of what it is,

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Speaker 3: it is definitely a period of stagnant economic growth. Right,

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Speaker 3: there's not much going on, but there's definitely high inflation.

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Speaker 3: Inflation is at eight point two percent right now, right,

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Speaker 3: and of course there's also high unemployment as well. Right.

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Speaker 3: That is the key right now when it comes to

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Speaker 3: this current market, and you have to understand that right now,

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Speaker 3: you're probably not going to have a lot of trend

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Speaker 3: or a lot of movement in the market. But it

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Speaker 3: is very critical us for us to understand that we're

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Speaker 3: already in that's tackflation market at the moment. Something else

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Speaker 3: when it comes to stackflation, is that this is definitely

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Speaker 3: a good opportunity to buy, is a good opportunity to

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Speaker 3: dollar cost average. It's also a good opportunity to do

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Speaker 3: more research when it comes to the stocks than you

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Speaker 3: actually own. So I've been actually traveling the last couple

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Speaker 3: of months and one of the questions that I do ask,

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Speaker 3: and I am monitoring the chat here on YouTube, is

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Speaker 3: that if you don't know the CEO of the company

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Speaker 3: that you're investing in, are you really investing? Right? I've

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Speaker 3: been to Atlanta, I've been to Miami, I'm about to

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Speaker 3: go to the Bay Area, And every single time I

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Speaker 3: do ask this question, do you know who the CEO

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Speaker 3: of Nvidia is? Do you know who the CEO of

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Speaker 3: a Microsoft is? If you don't know who the CEO is,

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Speaker 3: what's the vision behind a company? What's their competitive advantage?

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Speaker 3: And are you really investing or are you actually gambling

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Speaker 3: your money and praying to God that you're actually going

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Speaker 3: to make a profit. This is the mindset shift that

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Speaker 3: I want every single person part of this life today

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Speaker 3: to really change. And again, during this time of stackflation,

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Speaker 3: is very very critical for you to allocate your funds

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Speaker 3: and companies that are going to be here five to

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Speaker 3: ten years from now. So again, stackflation, it is definitely

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Speaker 3: caused by a slow or stagnant economic growth. Inflation it

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Speaker 3: is definitely increasing. I think all of us definitely feel it.

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Speaker 3: And of course the unemployment is also increasing at this time.

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Speaker 3: Just to add on to that, a bear market always

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Speaker 3: comes to an end. And I'm always going to say this,

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Speaker 3: and there's actually gonna be a lot of things that

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Speaker 3: I'm going to cover throughout today that will hopefully give

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Speaker 3: you more of a context and confirmation so that you're

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Speaker 3: able to trade at ease and invest at ease. Bear

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Speaker 3: markets always come to an end. And it's crazy, you

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Speaker 3: know why? Because always the bad days are always easier

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Speaker 3: to remember when it comes to anything, when it comes

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Speaker 3: to life, when it comes to the stock market, when

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Speaker 3: it comes to the futures market, when it comes to crypto,

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Speaker 3: the bad day are always easier to remember. How come

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Speaker 3: we never talk about the good days? How come we

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Speaker 3: never talk about when Teslon was hit. It's hit, it

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Speaker 3: hits sixteen hundred. Why weren't we happy and yelling at

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Speaker 3: that time. Now when we actually have the opportunity to

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Speaker 3: buy more and actually load the boat. Now, we're panicking

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Speaker 3: and we're actually selling. So what is a beer market?

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Speaker 3: Just to give some educational context here, a correction is

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Speaker 3: a decline of ten percent, right, a correction decline of

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Speaker 3: ten percent from the high of any security. This is

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Speaker 3: more than normal and it is also very very healthy

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Speaker 3: for those that are part of EYL, that are part

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Speaker 3: of Level UP. I've seen the chat here we talk

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Speaker 3: about market structure. After a high or high is going

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Speaker 3: to have to make a rest. After you go to

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Speaker 3: the gym and you do a set of squads or debtlifts,

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Speaker 3: whatever it is, you're definitely going to take a rest.

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Speaker 3: When you do a sprint, you're also going to take

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Speaker 3: a rest. So it's very very healthy for a stock

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Speaker 3: or any security to take a rest. So what is

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Speaker 3: a beer market. A beer market is a decline of

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Speaker 3: two twenty percent, right, So at its high, if we

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Speaker 3: pull back more than twenty percent, we are indeed at

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Speaker 3: a beer market. And we actually just introduced a beer

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Speaker 3: market last week. So one thing about the beer market

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Speaker 3: that I also want to talk about is that at

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Speaker 3: this time, this is the generational buying opportunity. When the

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Speaker 3: pandemic happened in the year of twenty twenty. COVID nineteen

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Speaker 3: came through lots of people felt it. People needed to

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Speaker 3: find a way to generate another stream of income. People

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Speaker 3: were at home and they wanted to understand, how can

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Speaker 3: it actually make my money grow? Where beer markets was

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Speaker 3: the time to buy twenty twenty March twenty twenty, That

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Speaker 3: was definitely the time to load the boat to be

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Speaker 3: able to realize, you know, some good gains after we

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Speaker 3: actually recovered. So it's very very critical for us to

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Speaker 3: talk about that today and talk about how this is

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Speaker 3: definitely the time where you want to go ahead and

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Speaker 3: you want a dollar cost tiverage and you actually want

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Speaker 3: to buy Nvidio, you want to buy Microsoft, you want

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Speaker 3: to buy Apple, you want to buy your each like

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Speaker 3: Vu and Vti. Why not the high of en video

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Speaker 3: for this years, I think it's three forty six, you know,

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Speaker 3: after earnings the things at one fifty seven. If if

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Speaker 3: I'm not mistaken, it is definitely at a discount. So

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Speaker 3: why not buy more? Generational buying opportunities don't come often.

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Speaker 3: This is the second chance that we get in the

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Speaker 3: last two years. I love stats, I love numbers, So

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Speaker 3: for that reason, I'm going to bring up this chart

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Speaker 3: here just so that we can decipher what we're talking about. Here,

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Speaker 3: give me one second. Here we go so bear market,

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Speaker 3: bull market. Here we have our bear market and red.

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Speaker 3: Here we have our bull market in blue. The average

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Speaker 3: duration of a bull market is two thousand and sixty

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Speaker 3: nine days. Now, let's go ahead, and let's go ahead

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Speaker 3: and compare that to a bear market of four hundred

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Speaker 3: and forty six days. There's a big difference here. The

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Speaker 3: average return of a bull market is two hundred and

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Speaker 3: nine percent, whereas a bull market is negative thirty eight percent. Now,

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Speaker 3: I want you to take look at the time span

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Speaker 3: that I'm showing here from nineteen sixty six all the

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Speaker 3: way to twenty and twenty two, nineteen sixty six all

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Speaker 3: the way to to twenty two. Just look at the

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Speaker 3: amount of bear markets, and then look at the gains

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Speaker 3: every single time that we recovered nineteen eighty six. Look

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Speaker 3: at the game twenty ten, Look at the game twenty twenty,

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Speaker 3: Look at the game. So why are we scared now?

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Speaker 3: If we're getting a second opportunity in the last two years,

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Speaker 3: that if you missed a twenty twenty beer market, if

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Speaker 3: you miss what happened in the pandemic maybe you were not.

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Speaker 3: Maybe you were not investing at the time. Now this

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Speaker 3: is your check, you know, your second chance to actually

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Speaker 3: go ahead and get your portfolio up and going. I

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Speaker 3: want you to keep in mind that this is indeed

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Speaker 3: a sale. We are definitely at a sale. We intered

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Speaker 3: a bear market. Something else about a bear market. Whenever

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Speaker 3: we entered a bear market, we actually go down twelve

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Speaker 3: percent and additional twelve percent, So we're definitely gonna keep

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Speaker 3: going down. But if your favorite thought, like Nvidia is

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Speaker 3: at a day, is at a discount of sixty fifty percent,

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Speaker 3: why not buy it? So definitely keep this into account.

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Speaker 3: Bull markets. There, we actually have more of a trending

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Speaker 3: bull market than what we do when it comes to

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Speaker 3: a beer market. Second, there we go. Another cool tool

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Speaker 3: that I definitely recommend everybody to look at is the

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Speaker 3: Fear and Greed Index. So the Fear Greed Index. You're

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Speaker 3: definitely gonna find this on your finbas, You're going to

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Speaker 3: find this on CNN, on Yahoo finance. And this right

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Speaker 3: here is a very cool technical tool that allows you

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Speaker 3: to understand what are the emotions that are driving the market. Right,

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Speaker 3: What are the emotions that are actually driving the market

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Speaker 3: do we have extreme fear or do we have extreme greed?

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Speaker 3: For those in the chat, do we buy when we

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Speaker 3: are in fear or do we buy when we are

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Speaker 3: in greed. Let's go ahead and give it a couple

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Speaker 3: of seconds here so that we can let the chat

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Speaker 3: tap in. And the reason why I talk about this

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Speaker 3: is because when we have extreme fear, that's when we

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Speaker 3: want to go ahead and buy more. We want to

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Speaker 3: load the boat. When the stock market is definitely pulling back,

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Speaker 3: you do not want to go ahead and sell your stocks.

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Speaker 3: And right now I have people hitting me up, Hey Chris,

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Speaker 3: should I go ahead and sell them?

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Speaker 2: Oh?

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Speaker 3: You know in my entire portfolio and just realize this,

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Speaker 3: you know, realize the loss. The mindset should be. You

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Speaker 3: know what, the stock that I love maybe is square,

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Speaker 3: maybe it's in Video, maybe it's Microsoft. The stock that

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Speaker 3: I love is at a ridiculous discount. Why don't I

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Speaker 3: Why don't I go ahead and buy more and have

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Speaker 3: a heavier position. Now I'm going to put it more

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Speaker 3: into a perspective when it comes to my community. Why

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Speaker 3: every time that Gucci sneakers are down or have a

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Speaker 3: discount of thirty percent, the lines are packed right outside

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Speaker 3: when there's a Black Friday sale for Louis Baton, the

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Speaker 3: lines are packed right outside. Why don't we actually have

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Speaker 3: that exact same mindset for stocks that can really that

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Speaker 3: can help us, you know, realize generational wealth and that

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Speaker 3: we can actually pass down to our kids and hopefully

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Speaker 3: generations down the road. Why do we have that exact

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Speaker 3: same so you know, that exact same approach, And that's

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Speaker 3: what I'm talking about here, extreme fear. We load the boat.

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Speaker 3: This is totally fine. I want every single person to

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Speaker 3: be at ease because this just presents opportunities to buy

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Speaker 3: more and be able to have a larger position when

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Speaker 3: it comes to those stocks that you actually love. And

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Speaker 3: I you know, I see that we have two hands up.

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Speaker 3: I'll go ahead and take those two questions.

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Speaker 2: Yeah, we're gonna wait. We're gonna wait to after Chris.

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Speaker 3: All right, all right, I got you. So here's the question,

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Speaker 3: do you want more sauce? You know, we talked about

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Speaker 3: the current market. The current condition we're definitely at a

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Speaker 3: at a stackflation phase at the moment is very very

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Speaker 3: different than what it is of a recession. It's all

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Speaker 3: about that, you know, mindset shift. Let's let's talk about

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Speaker 3: some bear market statistics, cause again we're definitely gonna hone

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Speaker 3: in on that this definitely presents another buying opportunity. It

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Speaker 3: presents a second chance. Right over a dozen of corrections

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Speaker 3: have taken place since the year two thousand. This, Sha'll

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Speaker 3: let you know what, It is totally okay that if

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Speaker 3: we have a correction, is very very healthy for that stock.

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Speaker 3: Double digit corrections occur on average every one point eight

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Speaker 3: five years, subheading them. So it is totally okay that

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Speaker 3: if we had a very great twenty twenty one, it's

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Speaker 3: totally okay for you for us to have a small

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Speaker 3: pullback or enter a beer market. Here in twenty twenty two,

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Speaker 3: stocks lose thirty six percent on average in a bear market.

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Speaker 3: By contrast, stocks gained one hundred and fourteen percent on

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Speaker 3: average during a bull market. Just just think about that

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Speaker 3: for a second. I mean, let us sink in for

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Speaker 3: a second, thirty six percent to a gain of one

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Speaker 3: hundred and fourteen percent. These are the numbers that I

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Speaker 3: want you to think about every single day. So let's

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Speaker 3: assume that you're gonna invest for fifty year, forty years,

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Speaker 3: thirty years. You're trying to realize generational wealth like I

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Speaker 3: am myself. Assuming a fifty year investment horizon, you can

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Speaker 3: expect to live through about fourteen bear markets, give or take.

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Speaker 3: It is totally okay to go through a bear market.

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Speaker 3: Why because a bear market percent another opportunity for you

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Speaker 3: to buy. Of the last ninety two years of market history,

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Speaker 3: bear markets have comprised only about twenty point six of

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Speaker 3: those years. Put another way, stocks have been on the

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Speaker 3: rise for seventy eight percent of the time. If you

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Speaker 3: ask me, seventy eight percent is not a bad number. Actually,

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Speaker 3: it's a very lucrative number and definitely percent a lot

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Speaker 3: of opportunities for you to buy, reinvest, reinterer, and definitely

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Speaker 3: look at other stocks. Now, here's the big question that

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Speaker 3: I have for every single person out you know in

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Speaker 3: this part of this audience, part of this live is

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Speaker 3: your portfolio recession proof? And this is what I really

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Speaker 3: want to hone in on. I want every single person

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Speaker 3: to really think about your portfolio and the stocks that

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Speaker 3: you believe in every single day. Again, I talked about

386
00:20:06,880 --> 00:20:10,520
Speaker 3: how in Miami, Atlanta, when I asked who's the CEO

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Speaker 3: of a MD it was crickets in the room. It

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Speaker 3: was definitely crickets. You need to understand a couple of

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Speaker 3: different things. Who's the CEO. If you do not know

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Speaker 3: who the CEO is, honestly, you should not be investing

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Speaker 3: in that company. Here's why. When you invest into the

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Speaker 3: stock market, which is a proven way for you, you know,

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Speaker 3: for you to realize wealth, you're basically hiring the best

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Speaker 3: CEOs across the world to make your money grow. If

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Speaker 3: you do not know the vision of the company. If

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Speaker 3: you do not know that Microsoft's one of the you know,

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Speaker 3: one of Microsoft's biggest revenue is actually cloud computing, which

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Speaker 3: is Azure. If you do not know what that is,

399
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Speaker 3: are you really investing or are you actually gambling? If

400
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Speaker 3: you do not know the competitive advantage that in Nvidia has,

401
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Speaker 3: then are you really investing? If you don't know the

402
00:21:00,960 --> 00:21:04,040
Speaker 3: product line or the services that they actually provide and

403
00:21:04,119 --> 00:21:06,480
Speaker 3: the different ways that they can actually bring in revenue

404
00:21:06,520 --> 00:21:11,000
Speaker 3: back into the company, are you really investing into the market?

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Speaker 3: Are you really invested into that company? Me myself, I'm

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Speaker 3: heavily invested into Microsoft and Video and I go Vuo

407
00:21:19,480 --> 00:21:22,560
Speaker 3: and VTI. Definitely invested into my ETFs and I dollar

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00:21:22,640 --> 00:21:24,800
Speaker 3: cost average every single week. I do not care what

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Speaker 3: the price is. Why, because my vision is long term.

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Speaker 3: And here's where it really comes down to. It comes

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Speaker 3: down to step number one, what is your goal? Is

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Speaker 3: your goal? Is your goal short term or do you

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Speaker 3: have long term goals? Depending on your goals, it really

414
00:21:41,160 --> 00:21:43,480
Speaker 3: defines the strategy that you're going to have when it

415
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Speaker 3: comes to the stock market.

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Speaker 2: Right.

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Speaker 3: So knowing the CEO, knowing the vision of the company,

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Speaker 3: knowing whether or not that company has an unbreakable competitive advantage,

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00:21:52,600 --> 00:21:55,439
Speaker 3: and also knowing the product line and services is going

420
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Speaker 3: to be monumental in paramount to the success of your portfolio.

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Speaker 3: So there's folks that oftentimes to have a portfolio of

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Speaker 3: stocks that I don't even know what they do right,

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00:22:06,240 --> 00:22:08,439
Speaker 3: or they don't even know what they do right. So

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Speaker 3: knowing this will definitely help you out. And if you

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Speaker 3: and if you do not know the answers to these

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00:22:14,119 --> 00:22:17,280
Speaker 3: different questions, I highly recommend you to take some time

427
00:22:17,280 --> 00:22:20,280
Speaker 3: out of the week and get these answers because this

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00:22:20,320 --> 00:22:23,280
Speaker 3: will definitely let you know whether or not you actually

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Speaker 3: have a recession prof portfolio. Dollar cost savaging. Right, So

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Speaker 3: we talked about a couple of different ways that you're

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Speaker 3: able to hedge that you're able to, you know, stay

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Speaker 3: alive when it comes to this very market. Aside from

433
00:22:38,680 --> 00:22:42,840
Speaker 3: buying our shares, you want a dollar cost savage. So myself,

434
00:22:42,840 --> 00:22:45,800
Speaker 3: when it comes to Microsoft, I have around six hundred

435
00:22:45,800 --> 00:22:49,240
Speaker 3: shares of Microsoft's right I'm buying every single week. Especially

436
00:22:49,320 --> 00:22:52,560
Speaker 3: now that Microsoft is at two sixty two fifties, I

437
00:22:52,600 --> 00:22:55,240
Speaker 3: definitely want to buy that time, knowing that the highest

438
00:22:55,240 --> 00:22:57,600
Speaker 3: three fifty, so it is definitely at a discount at

439
00:22:57,640 --> 00:22:59,879
Speaker 3: this at this moment. The reason why you want to

440
00:22:59,880 --> 00:23:03,040
Speaker 3: doe dollar costs average is because it really decreases your

441
00:23:03,040 --> 00:23:07,960
Speaker 3: exposure to price volatility. Dollar cost averaging can definitely save

442
00:23:08,000 --> 00:23:11,320
Speaker 3: your portfolio, especially if you believe in those companies that

443
00:23:11,320 --> 00:23:14,040
Speaker 3: you're actually investing in. And this is the question where

444
00:23:14,040 --> 00:23:17,000
Speaker 3: you have to ask yourself, do you invest and do

445
00:23:17,080 --> 00:23:19,400
Speaker 3: you actually believe in these different companies that are part

446
00:23:19,400 --> 00:23:22,359
Speaker 3: of your portfolio. I see people oftentimes that they have

447
00:23:23,320 --> 00:23:28,360
Speaker 3: fifty to one hundred disparate stocks in their portfolio. Why

448
00:23:28,440 --> 00:23:30,960
Speaker 3: not have five to six stocks that you know that

449
00:23:31,000 --> 00:23:32,960
Speaker 3: they're going to be here five to ten years from

450
00:23:32,960 --> 00:23:36,120
Speaker 3: now and just double down and have a larger percision

451
00:23:36,160 --> 00:23:38,399
Speaker 3: when it comes to those stocks that will set you

452
00:23:38,520 --> 00:23:42,040
Speaker 3: apart from folks that have one hundred or one hundred

453
00:23:42,040 --> 00:23:44,639
Speaker 3: and fifty different stocks and maybe have two to three shares.

454
00:23:45,119 --> 00:23:48,000
Speaker 3: What I'm trying to say here is that the larger

455
00:23:48,000 --> 00:23:49,720
Speaker 3: the position that you actually have when it comes to

456
00:23:49,760 --> 00:23:52,040
Speaker 3: the stocks, the more gains that you're able to actually

457
00:23:52,119 --> 00:23:54,720
Speaker 3: realize in a short amount of time as well. So

458
00:23:54,840 --> 00:23:57,719
Speaker 3: dollar cost averaging is definitely one of the ways that

459
00:23:57,800 --> 00:24:02,000
Speaker 3: you can make money even with in a big market

460
00:24:02,359 --> 00:24:05,280
Speaker 3: or any or any single pullback. Something else that you

461
00:24:05,320 --> 00:24:09,280
Speaker 3: can actually invest into is inverse ETFs. So inverse ETFs

462
00:24:09,320 --> 00:24:12,919
Speaker 3: allow investors to short the market, so as the stocks

463
00:24:12,920 --> 00:24:16,080
Speaker 3: are coming down, you can actually invest in these different ETFs.

464
00:24:16,119 --> 00:24:19,560
Speaker 3: I will only recommend these different ETFs for short term hodes.

465
00:24:20,280 --> 00:24:22,359
Speaker 3: And something else that I definitely recommend is to actually

466
00:24:22,359 --> 00:24:24,680
Speaker 3: put a stop loss or a trailing stop loss when

467
00:24:24,680 --> 00:24:28,280
Speaker 3: it comes to these different inverse ETFs that will help you,

468
00:24:28,280 --> 00:24:30,920
Speaker 3: you know, minimize the risk that you actually have when

469
00:24:30,920 --> 00:24:33,080
Speaker 3: it comes to these different stocks. And here at the bottom,

470
00:24:33,119 --> 00:24:36,160
Speaker 3: I just put two different inverse ETFs that are very

471
00:24:36,280 --> 00:24:39,240
Speaker 3: very famous, and the first one is the sqqq which

472
00:24:39,240 --> 00:24:43,000
Speaker 3: is basically the opposite of QQQ. So if you do

473
00:24:43,119 --> 00:24:46,840
Speaker 3: believe that QQQ will be heading down. This is definitely

474
00:24:46,840 --> 00:24:49,960
Speaker 3: one of the assets or different securities that you're able

475
00:24:50,000 --> 00:24:53,879
Speaker 3: to invest in. Also, we else there's the SDS. The

476
00:24:53,920 --> 00:24:58,160
Speaker 3: SDS tracks the SMP five hundred, which is basically the

477
00:24:58,160 --> 00:25:01,280
Speaker 3: opposite of the SMP five hundred. There's different ways that

478
00:25:01,359 --> 00:25:05,560
Speaker 3: you're able to invest and get into the market. Again, flexibility,

479
00:25:06,800 --> 00:25:11,879
Speaker 3: becoming adaptive, and being versatile will definitely help you out

480
00:25:12,080 --> 00:25:15,320
Speaker 3: when it comes to the stock market. And me personally,

481
00:25:15,960 --> 00:25:17,760
Speaker 3: it doesn't matter what the stock market is doing. I'm

482
00:25:17,760 --> 00:25:20,400
Speaker 3: trying to find different ways that i can definitely hedge

483
00:25:20,440 --> 00:25:23,640
Speaker 3: against and I'm never sticking to one single strategy. You're

484
00:25:23,640 --> 00:25:26,760
Speaker 3: gonna find people that they only stick to one strategy

485
00:25:27,119 --> 00:25:31,160
Speaker 3: and once the market changes, they no longer make any

486
00:25:31,200 --> 00:25:34,240
Speaker 3: money or they're not profitable. Why because they're not being

487
00:25:35,040 --> 00:25:38,119
Speaker 3: flexible or they do not adapt to the changes of

488
00:25:38,200 --> 00:25:41,159
Speaker 3: the stock market. You have to be an athlete, just

489
00:25:41,200 --> 00:25:43,560
Speaker 3: like a sport. You've got to be flexible, you got

490
00:25:43,600 --> 00:25:45,679
Speaker 3: to be versatile, you got to be the jack of

491
00:25:45,680 --> 00:25:47,680
Speaker 3: all trades. Same thing here when it comes to the

492
00:25:47,720 --> 00:25:51,280
Speaker 3: stock market. For you, you actually become profitable and realize

493
00:25:51,359 --> 00:25:53,840
Speaker 3: generational wealth. These are definitely some of the ways that

494
00:25:53,880 --> 00:25:55,240
Speaker 3: you're able to make money.

495
00:25:55,359 --> 00:25:58,720
Speaker 2: Because really quickly. So I see short term holds and

496
00:25:58,760 --> 00:26:01,080
Speaker 2: you said stop blows, is it? But centers that you

497
00:26:01,119 --> 00:26:03,840
Speaker 2: would recommend for a stop loss if somebody is out

498
00:26:03,880 --> 00:26:04,640
Speaker 2: there listening to them.

499
00:26:05,760 --> 00:26:07,800
Speaker 3: I would say for beginners, ten percent, I think ten

500
00:26:07,800 --> 00:26:10,600
Speaker 3: percent is more than recommended. I think that's a very

501
00:26:10,600 --> 00:26:14,359
Speaker 3: comfortable percentage for those that are beginners. For those that

502
00:26:14,400 --> 00:26:16,639
Speaker 3: are more advanced and more seasoned, then you can of

503
00:26:16,640 --> 00:26:18,840
Speaker 3: course go to twenty twenty five percent, but it definitely

504
00:26:18,920 --> 00:26:22,880
Speaker 3: depends on one on your goal. Two you know what's

505
00:26:22,920 --> 00:26:25,360
Speaker 3: the most the size of your account. But I think

506
00:26:25,400 --> 00:26:29,760
Speaker 3: ten percent is more than doable perfect, definitely definitely. Next

507
00:26:29,800 --> 00:26:34,400
Speaker 3: is put options. Put options is definitely the way right.

508
00:26:34,440 --> 00:26:37,919
Speaker 3: And we've had indicators since the summertime, and I'm going

509
00:26:38,000 --> 00:26:41,040
Speaker 3: to show you these different indicators that let us know

510
00:26:41,119 --> 00:26:45,639
Speaker 3: that a bear market was indeed coming right. Market structure

511
00:26:45,840 --> 00:26:49,080
Speaker 3: is the way to go, and technical analysis is the

512
00:26:49,080 --> 00:26:51,000
Speaker 3: way to go. I talk about it all the time.

513
00:26:51,040 --> 00:26:53,920
Speaker 3: For the earners. For the level of family, price action

514
00:26:54,200 --> 00:26:58,119
Speaker 3: is definitely king right. This will definitely help you understand

515
00:26:58,160 --> 00:27:00,600
Speaker 3: whether or not we're actually we're gonna have a change

516
00:27:00,880 --> 00:27:04,040
Speaker 3: in momentum or trend when it comes to the stock market.

517
00:27:04,359 --> 00:27:07,000
Speaker 3: So what is a put option? So put option is

518
00:27:07,040 --> 00:27:10,119
Speaker 3: a contract that you buy and it gives the owner

519
00:27:10,200 --> 00:27:13,719
Speaker 3: the option, but not the requirement to sell a specific

520
00:27:13,840 --> 00:27:18,800
Speaker 3: underlying security at a predetermined price within a certain amount

521
00:27:18,800 --> 00:27:20,879
Speaker 3: of time. Right, that certain amount of time is the

522
00:27:20,960 --> 00:27:23,919
Speaker 3: expiration that those are one of the components that are

523
00:27:24,000 --> 00:27:27,439
Speaker 3: part of a option contract. So put options is definitely

524
00:27:27,440 --> 00:27:29,280
Speaker 3: one of the ways that if you believe that QQQ,

525
00:27:29,480 --> 00:27:32,919
Speaker 3: that if in video Microsoft, if these different securities are

526
00:27:32,920 --> 00:27:34,960
Speaker 3: going down, this is one of the ways that you

527
00:27:35,000 --> 00:27:38,159
Speaker 3: can actually go ahead and make some money. So to

528
00:27:38,200 --> 00:27:41,159
Speaker 3: put it into more perspective, when you buy a put option,

529
00:27:41,440 --> 00:27:45,120
Speaker 3: you're anticipating and I definitely put it anticipating in gold

530
00:27:45,160 --> 00:27:48,600
Speaker 3: here that the value of the underlying stock will decrease

531
00:27:48,640 --> 00:27:53,159
Speaker 3: in value over the course of the contract. Again anticipating.

532
00:27:53,200 --> 00:27:56,800
Speaker 3: There's no one hundred percent in any market. We can't

533
00:27:56,800 --> 00:27:59,399
Speaker 3: time the market, we can't predict the market. What we

534
00:27:59,440 --> 00:28:02,399
Speaker 3: can do is that we can build a hypothesis of

535
00:28:02,480 --> 00:28:05,800
Speaker 3: what's going to happen, and then we can gather evidence.

536
00:28:05,840 --> 00:28:08,960
Speaker 3: We can you know, we can actually gather confluence that

537
00:28:09,000 --> 00:28:12,400
Speaker 3: can help us. You know, build an argument for our hypothesies.

538
00:28:12,440 --> 00:28:14,600
Speaker 3: And again I'm going to show you different ways that

539
00:28:14,640 --> 00:28:17,359
Speaker 3: you're able to do that with technical analysis to be

540
00:28:17,400 --> 00:28:20,119
Speaker 3: able to make money every single day. All right, So

541
00:28:20,200 --> 00:28:23,200
Speaker 3: here we go. So when it comes to the put option,

542
00:28:25,400 --> 00:28:29,800
Speaker 3: you know, the direction of the stock market definitely determines

543
00:28:29,840 --> 00:28:32,560
Speaker 3: what type of contracts you will have or you might

544
00:28:32,600 --> 00:28:34,520
Speaker 3: take on. And I'm going to go ahead and just

545
00:28:34,560 --> 00:28:37,240
Speaker 3: get my tool here just to highlight a couple of

546
00:28:37,280 --> 00:28:40,440
Speaker 3: different things. If you think that the stock price will

547
00:28:40,480 --> 00:28:42,840
Speaker 3: move up, you're more thanizing going to buy a co

548
00:28:42,960 --> 00:28:46,280
Speaker 3: option or sell a put option. If you think that

549
00:28:46,360 --> 00:28:49,400
Speaker 3: the stock price will stay stable, you can sell a

550
00:28:49,400 --> 00:28:53,480
Speaker 3: call option or sell a pull a put option. If

551
00:28:53,480 --> 00:28:55,520
Speaker 3: you think that the stock price will go down, which

552
00:28:55,560 --> 00:28:58,000
Speaker 3: is you know the market that we're definitely in right now,

553
00:28:58,320 --> 00:28:59,640
Speaker 3: you want to go ahead and you want to buy

554
00:28:59,840 --> 00:29:02,719
Speaker 3: a a put option, and you want to sell a

555
00:29:02,880 --> 00:29:05,800
Speaker 3: call option. So put options is definitely one of the ways.

556
00:29:06,000 --> 00:29:08,720
Speaker 3: I'm going to show you exactly what happened. First, I'm

557
00:29:08,720 --> 00:29:12,080
Speaker 3: going to go to the charts and talk about the

558
00:29:12,120 --> 00:29:15,120
Speaker 3: strike price. Right, So we talked about the expiration. Right.

559
00:29:15,160 --> 00:29:18,040
Speaker 3: When you buy a option contract, you have to specify

560
00:29:18,560 --> 00:29:22,080
Speaker 3: a expiration. If I were to buy a Nvidia one

561
00:29:22,280 --> 00:29:25,200
Speaker 3: D and fifty put for this week, that will be

562
00:29:25,280 --> 00:29:29,600
Speaker 3: called a weekly, right, So weeklies are definitely risky, and

563
00:29:29,640 --> 00:29:32,520
Speaker 3: you should definitely go ahead and put you know, you

564
00:29:32,560 --> 00:29:34,880
Speaker 3: should definitely go at least two weeks out when it

565
00:29:34,880 --> 00:29:37,640
Speaker 3: comes to your option contracts, just to buy some time.

566
00:29:38,600 --> 00:29:41,800
Speaker 3: So the strike price is really really critical because that

567
00:29:41,960 --> 00:29:45,240
Speaker 3: allows you to understand whether or not your option contract

568
00:29:45,280 --> 00:29:48,840
Speaker 3: is in the money, out the money, or at the money.

569
00:29:50,600 --> 00:29:53,400
Speaker 3: So actually, Troy Rashott, I got my iPad here that

570
00:29:53,440 --> 00:29:55,880
Speaker 3: I would like to do a quick demonstration on what

571
00:29:56,040 --> 00:29:57,920
Speaker 3: is in the money, out the money, at the money.

572
00:29:58,400 --> 00:29:59,920
Speaker 3: But I just need some help when it comes.

573
00:29:59,760 --> 00:30:02,360
Speaker 2: To this, all right, what you need?

574
00:30:02,880 --> 00:30:07,200
Speaker 3: So my iPad is called Chris iPad. Gotcha, Yeah, let

575
00:30:07,280 --> 00:30:09,680
Speaker 3: me know if you're able to put that one for

576
00:30:09,720 --> 00:30:25,400
Speaker 3: a co host, HM, let's sit here, let's see, And

577
00:30:25,600 --> 00:30:27,440
Speaker 3: I'm actually gonna go ahead and just raise my hand

578
00:30:27,440 --> 00:30:28,800
Speaker 3: from my iPad so you're able to see.

579
00:30:28,840 --> 00:30:30,920
Speaker 2: Yeah, once you raise your hand, Uh, yeah, there you go.

580
00:30:31,240 --> 00:30:34,800
Speaker 2: I see it. Is it the CM capital?

581
00:30:35,640 --> 00:30:43,959
Speaker 3: Y's probably the capital? Yeah, gotcha, Yeah, there we go. Excellent,

582
00:30:43,960 --> 00:30:46,680
Speaker 3: Thank you brother, only the host can sharing this meeting.

583
00:30:47,520 --> 00:30:50,800
Speaker 2: Let me see, I got you right now, I'm.

584
00:30:50,600 --> 00:30:56,080
Speaker 3: Gonna stop sharing here and then there we go. Excellent,

585
00:30:57,800 --> 00:31:04,360
Speaker 3: there we go. All right, excellent. So we covered this

586
00:31:04,440 --> 00:31:06,080
Speaker 3: in EYL, but I'm gonna go ahead and cover it

587
00:31:06,160 --> 00:31:08,640
Speaker 3: here because we definitely need to understand what is the

588
00:31:08,720 --> 00:31:11,080
Speaker 3: strike price in the money, out the money, and of

589
00:31:11,120 --> 00:31:23,360
Speaker 3: course at the money. So give me one second second,

590
00:31:29,880 --> 00:31:32,040
Speaker 3: So in the money, at the money, and again we're

591
00:31:32,040 --> 00:31:33,880
Speaker 3: gonna go ahead and just say that we have a

592
00:31:33,880 --> 00:31:36,600
Speaker 3: stock like in vidio and video, let's say at one sixty, right,

593
00:31:36,680 --> 00:31:39,240
Speaker 3: the price of Nvidia at one sixty. And I'm just

594
00:31:39,320 --> 00:31:42,960
Speaker 3: gonna show this demonstration for calls. So we're first going

595
00:31:43,040 --> 00:31:45,600
Speaker 3: to start with calls and then from there we are

596
00:31:45,640 --> 00:31:49,600
Speaker 3: going to go into the put explanation. Right, So in

597
00:31:49,680 --> 00:31:52,360
Speaker 3: the money, out the money, and also at the money,

598
00:31:52,520 --> 00:31:55,080
Speaker 3: give me one section one uh second. Here will go

599
00:31:55,120 --> 00:31:59,320
Speaker 3: ahead and just get my my pental work one quick second.

600
00:32:02,560 --> 00:32:03,240
Speaker 6: Mm hmm.

601
00:32:05,520 --> 00:32:08,800
Speaker 4: YouTube, hit the like button and share if you can

602
00:32:09,040 --> 00:32:10,640
Speaker 4: greatly appreciate.

603
00:32:10,080 --> 00:32:33,560
Speaker 3: It one quick second. I'll be right back.

604
00:32:39,280 --> 00:32:42,720
Speaker 4: So as we wait for Chris to come back, we'll

605
00:32:42,760 --> 00:32:47,719
Speaker 4: take a quick break, intermission break, and we'll tell you

606
00:32:47,800 --> 00:32:52,240
Speaker 4: more about Eyo University. So once again, Chris's professor does

607
00:32:52,320 --> 00:32:54,120
Speaker 4: this twice a week, so a lot of times people ask, like,

608
00:32:54,120 --> 00:32:57,320
Speaker 4: what's the difference between Eyo University and podcasts or like

609
00:32:57,400 --> 00:33:00,360
Speaker 4: market Mondays. And it's a hands on learning experience where

610
00:33:00,360 --> 00:33:02,720
Speaker 4: it's designed to kind of be a classroom where take

611
00:33:02,760 --> 00:33:06,080
Speaker 4: it slow, answer questions, go through presentations.

612
00:33:06,080 --> 00:33:09,440
Speaker 5: It's a community. So that's what it's kind of like private.

613
00:33:09,240 --> 00:33:11,640
Speaker 4: School as opposed to publicher where it's like, you know,

614
00:33:11,680 --> 00:33:13,720
Speaker 4: public school, the information is always going to be available

615
00:33:13,760 --> 00:33:18,000
Speaker 4: for free, whether it's on YouTube or Apple, podcasts or Instagram.

616
00:33:18,080 --> 00:33:21,719
Speaker 4: But you know, the Eyo University almost like nine thousand

617
00:33:21,720 --> 00:33:24,200
Speaker 4: members I think is in there right now, and you know,

618
00:33:24,200 --> 00:33:26,800
Speaker 4: a private Facebook group and MG the Mortgage Guide does

619
00:33:26,840 --> 00:33:28,880
Speaker 4: real estate calls, I do financial planning calls. We have

620
00:33:28,920 --> 00:33:32,120
Speaker 4: a movie club, book club, weekly classes, and you know

621
00:33:32,160 --> 00:33:36,360
Speaker 4: it's it's all done at you know, individual speed, much

622
00:33:36,400 --> 00:33:42,000
Speaker 4: smaller classrooms, individual learning staff. And the best part is

623
00:33:42,040 --> 00:33:44,800
Speaker 4: actually the community that's actually built because people actually get to.

624
00:33:44,760 --> 00:33:46,400
Speaker 5: Network with each other and build with each other.

625
00:33:46,560 --> 00:33:50,720
Speaker 4: So that's kind of the difference between you know, what

626
00:33:50,760 --> 00:33:53,600
Speaker 4: we've built on the bigger platform as far as you

627
00:33:53,640 --> 00:33:57,840
Speaker 4: know for the media side, for the podcasts and YouTube

628
00:33:57,840 --> 00:33:59,400
Speaker 4: and things of that nature, and what we built on

629
00:33:59,440 --> 00:34:00,280
Speaker 4: the community side.

630
00:34:00,280 --> 00:34:01,560
Speaker 5: It's called Eyo University.

631
00:34:01,800 --> 00:34:03,360
Speaker 2: Yeah, and I think one of the dope things about

632
00:34:03,480 --> 00:34:05,000
Speaker 2: especially what Chris is doing. A lot of times we

633
00:34:05,000 --> 00:34:07,840
Speaker 2: get information and we can't apply it in real time,

634
00:34:07,960 --> 00:34:09,640
Speaker 2: and so one of the best things is that his

635
00:34:09,719 --> 00:34:13,239
Speaker 2: class every Monday at noon is happening while trades, while

636
00:34:13,239 --> 00:34:15,160
Speaker 2: the market is open, and so we can hear the

637
00:34:15,200 --> 00:34:18,080
Speaker 2: information from twelve to one point thirty a lot of

638
00:34:18,120 --> 00:34:20,080
Speaker 2: times ask questions and then actually go out and that

639
00:34:20,200 --> 00:34:22,400
Speaker 2: really apply it. And then just for a follow up,

640
00:34:22,400 --> 00:34:25,280
Speaker 2: he has another class on Tuesday. So it's really hands

641
00:34:25,280 --> 00:34:28,520
Speaker 2: on and it goes from the beginning level to a

642
00:34:28,600 --> 00:34:32,359
Speaker 2: more intermediate level to sometimes advance and so you can

643
00:34:32,480 --> 00:34:34,000
Speaker 2: enter anywhere you're at. I know a lot of us

644
00:34:34,400 --> 00:34:37,680
Speaker 2: have joined Ewy Young University and we've grown in trading

645
00:34:37,840 --> 00:34:39,799
Speaker 2: over the course of the past six or seven months,

646
00:34:39,880 --> 00:34:41,040
Speaker 2: or even some of us who've been here from the

647
00:34:41,040 --> 00:34:43,200
Speaker 2: beginning of the past two years. So you know, it's

648
00:34:43,200 --> 00:34:44,839
Speaker 2: one of those things where you can take your time

649
00:34:44,840 --> 00:34:46,880
Speaker 2: and learning. And the best thing, like Rashad said, is

650
00:34:46,880 --> 00:34:48,839
Speaker 2: that there's people learning at the same pace you are.

651
00:34:48,920 --> 00:34:51,319
Speaker 2: And so when you get that community feel, it's more

652
00:34:51,360 --> 00:34:53,520
Speaker 2: of a situation where it's like, all right, I have

653
00:34:53,600 --> 00:34:56,120
Speaker 2: somebody who is my air like that I can actually

654
00:34:56,200 --> 00:34:59,240
Speaker 2: learn with and go with through my journey of investment.

655
00:34:59,280 --> 00:35:01,759
Speaker 2: So it's a beautiful thing. I've learned a lot. I've

656
00:35:01,800 --> 00:35:03,600
Speaker 2: learned a lot being in these classes. And shout out

657
00:35:03,600 --> 00:35:04,840
Speaker 2: to everybody in e uy lu.

658
00:35:05,200 --> 00:35:08,720
Speaker 5: Yeah for sure, Chris you ready or called the audible

659
00:35:09,239 --> 00:35:10,160
Speaker 5: see your chart going up.

660
00:35:10,360 --> 00:35:11,880
Speaker 3: Yeah, let's get it. Let's get it. Let's get it.

661
00:35:13,120 --> 00:35:16,799
Speaker 3: My pencil acting acting, acting, acting out. But all right,

662
00:35:16,920 --> 00:35:18,600
Speaker 3: so we're gonna do it here. I'm gonna go ahead

663
00:35:18,600 --> 00:35:20,359
Speaker 3: and just drag this all the way to the right

664
00:35:20,400 --> 00:35:23,239
Speaker 3: hand side. And let's go ahead and do this right.

665
00:35:23,320 --> 00:35:25,719
Speaker 3: We'll use the text here in trading view. I'm telling

666
00:35:25,760 --> 00:35:29,480
Speaker 3: you this is why being flexible and being versatile can

667
00:35:29,560 --> 00:35:32,319
Speaker 3: definitely be helpful. Right, So let's say in video has

668
00:35:32,360 --> 00:35:34,920
Speaker 3: a price of one sixty right, so the price of

669
00:35:35,080 --> 00:35:39,440
Speaker 3: Nvidia it's one sixty second. Let's go ahead and make

670
00:35:39,440 --> 00:35:43,360
Speaker 3: this a little bit bigger. And this is for calls.

671
00:35:43,440 --> 00:35:46,239
Speaker 3: So I want you to understand how to pick a

672
00:35:46,440 --> 00:35:49,759
Speaker 3: end the money out the money options contract and be

673
00:35:49,880 --> 00:35:52,880
Speaker 3: able to be profitable in it. Right, So one sixty

674
00:35:53,360 --> 00:35:57,600
Speaker 3: is the current price for in video, right if I

675
00:35:57,680 --> 00:35:59,879
Speaker 3: and you know within the options chaining, when you try

676
00:35:59,880 --> 00:36:02,920
Speaker 3: to choose that options contract, you're also going to see

677
00:36:03,320 --> 00:36:06,480
Speaker 3: prices like one sixty one, right, I'm gonna go ahead

678
00:36:06,520 --> 00:36:09,680
Speaker 3: and put it here. You're also going to see prices

679
00:36:09,760 --> 00:36:19,640
Speaker 3: like one fifty nine or one fifty eight. Right. And

680
00:36:20,120 --> 00:36:23,920
Speaker 3: because the price of one sixty or the or in

681
00:36:24,040 --> 00:36:27,240
Speaker 3: video is at one sixty, if you choose a option

682
00:36:27,440 --> 00:36:31,719
Speaker 3: contract that is a one sixty call, that will be

683
00:36:31,840 --> 00:36:35,240
Speaker 3: a at the money contract because that is the current

684
00:36:35,239 --> 00:36:37,560
Speaker 3: price of in video. So one sixty is the current price.

685
00:36:37,840 --> 00:36:40,279
Speaker 3: If you choose a one to sixty option contract, that

686
00:36:40,320 --> 00:36:43,160
Speaker 3: will be a at the money option contract if you

687
00:36:43,239 --> 00:36:46,880
Speaker 3: choose a one sixty one, right, keeping in mind that

688
00:36:47,000 --> 00:36:49,920
Speaker 3: in video is only at one sixty. If you choose

689
00:36:49,920 --> 00:36:53,640
Speaker 3: a one sixty one option contract and video has not

690
00:36:53,840 --> 00:36:57,000
Speaker 3: hit one sixty one yet, so for that reason, this

691
00:36:57,040 --> 00:37:00,799
Speaker 3: will be a out of the money contracts. So out

692
00:37:00,800 --> 00:37:05,880
Speaker 3: of the money aka OTM. So when they hear you

693
00:37:05,920 --> 00:37:08,600
Speaker 3: say OTM, this is what they mean. This will be

694
00:37:08,680 --> 00:37:12,360
Speaker 3: a out of the money options contract. If you choose

695
00:37:12,400 --> 00:37:15,600
Speaker 3: a one to fifty nine option contract. Again, in Vidia

696
00:37:15,960 --> 00:37:20,520
Speaker 3: has already surpassed one, so that will be a in

697
00:37:20,640 --> 00:37:24,200
Speaker 3: the money options contracts or in the money aka that

698
00:37:24,239 --> 00:37:27,920
Speaker 3: will be im right, So in the money equals im

699
00:37:28,520 --> 00:37:31,880
Speaker 3: and this is how you were able to get your

700
00:37:32,320 --> 00:37:34,880
Speaker 3: option contracts for calls. Right, If you want to go

701
00:37:35,280 --> 00:37:37,879
Speaker 3: for costs one sixty one out of the money, one

702
00:37:38,000 --> 00:37:40,000
Speaker 3: sixty will be at the money because that is the

703
00:37:40,080 --> 00:37:43,239
Speaker 3: current price for in video. One fifty nine will be

704
00:37:43,320 --> 00:37:48,160
Speaker 3: a in the money because Nvidia has already surpassed that

705
00:37:48,160 --> 00:37:48,720
Speaker 3: that price.

706
00:37:49,040 --> 00:37:49,279
Speaker 2: Right.

707
00:37:49,600 --> 00:37:51,520
Speaker 3: Now, let's go ahead and change it up a little bit,

708
00:37:52,120 --> 00:37:54,600
Speaker 3: and let's go for I'm gonna try to draw in

709
00:37:54,640 --> 00:37:58,920
Speaker 3: here four puts, right, So for puts, there we go.

710
00:37:59,440 --> 00:38:01,759
Speaker 3: So for pus for Nvidia, it's gonna be a little

711
00:38:01,760 --> 00:38:03,520
Speaker 3: bit different, right, I'm gonna go ahead and just take

712
00:38:03,840 --> 00:38:06,759
Speaker 3: this text and bring it down. Let me take this

713
00:38:06,800 --> 00:38:08,840
Speaker 3: banging down, and let me go ahead and take this

714
00:38:08,840 --> 00:38:11,080
Speaker 3: out the way as well. So for this one, it's

715
00:38:11,120 --> 00:38:13,520
Speaker 3: gonna be a little bit different because which one to

716
00:38:13,800 --> 00:38:16,799
Speaker 3: you know? Say that in Vidia is going to go down?

717
00:38:16,840 --> 00:38:20,759
Speaker 3: So again one sixty is the current price, right, So

718
00:38:20,800 --> 00:38:23,880
Speaker 3: if you go for one sixty on the puts. This

719
00:38:24,040 --> 00:38:25,759
Speaker 3: is the current price. If I choose a one to

720
00:38:25,840 --> 00:38:29,680
Speaker 3: sixty put, that will be a at the money contract.

721
00:38:29,920 --> 00:38:30,160
Speaker 5: Right.

722
00:38:30,719 --> 00:38:33,840
Speaker 3: If I go ahead and choose a one to fifty nine,

723
00:38:34,360 --> 00:38:36,880
Speaker 3: that will be out of the money, right, because in

724
00:38:37,040 --> 00:38:41,040
Speaker 3: Vidia has not decreased or gone down to the one

725
00:38:41,080 --> 00:38:44,640
Speaker 3: to fifty nine level. If I choose a one sixty one,

726
00:38:45,160 --> 00:38:47,680
Speaker 3: this will be a d the money. So this actually

727
00:38:47,800 --> 00:38:50,000
Speaker 3: is the opposite when it comes to puts. The one

728
00:38:50,160 --> 00:38:54,080
Speaker 3: sixty one becomes the end of money option contract and

729
00:38:54,200 --> 00:38:55,920
Speaker 3: the out of the money is the one to fifty

730
00:38:56,000 --> 00:38:58,640
Speaker 3: nine because in Vidia has not yet decreased to one

731
00:38:58,760 --> 00:39:01,080
Speaker 3: fifty nine. So this is how you're able to choose

732
00:39:01,080 --> 00:39:03,759
Speaker 3: your option contracts. Now, a question that I often get

733
00:39:03,800 --> 00:39:07,279
Speaker 3: is this, Chris, if if I'm a scalper. And for

734
00:39:07,280 --> 00:39:09,600
Speaker 3: those that don't know what a scalper is, a scalper

735
00:39:09,640 --> 00:39:12,600
Speaker 3: is a type of trader that you're in and out right,

736
00:39:12,640 --> 00:39:15,560
Speaker 3: You're usually in a trade from you know, less than

737
00:39:15,600 --> 00:39:17,600
Speaker 3: eight minutes. You know, that is the type of trader

738
00:39:17,600 --> 00:39:19,799
Speaker 3: that I am. I go in heavy, and I'm in

739
00:39:19,840 --> 00:39:22,200
Speaker 3: and out. I'm just trying to capitalize of a small

740
00:39:22,239 --> 00:39:24,520
Speaker 3: movement when it comes to the stock market, if I'm

741
00:39:24,520 --> 00:39:27,799
Speaker 3: a you know, if I'm a scalper or if I'm

742
00:39:27,800 --> 00:39:32,080
Speaker 3: a day trader, which option contract should I go for? Well,

743
00:39:32,520 --> 00:39:35,840
Speaker 3: you should definitely go for in or at the money contracts.

744
00:39:36,120 --> 00:39:39,560
Speaker 3: And here's the reason why. Aside from understanding the stripe

745
00:39:39,560 --> 00:39:43,600
Speaker 3: price when it comes to options, you also want to

746
00:39:43,680 --> 00:39:47,160
Speaker 3: understand the Greeks. So the Greeks allows you to understand

747
00:39:47,400 --> 00:39:50,360
Speaker 3: how how much money you will make if that trade

748
00:39:50,400 --> 00:39:53,520
Speaker 3: actually goes your way. So in and at the money

749
00:39:53,560 --> 00:39:56,839
Speaker 3: contract should be the preferred or the or the recommended

750
00:39:56,880 --> 00:40:00,680
Speaker 3: option contracts if you are a day trader or a scalper.

751
00:40:01,400 --> 00:40:03,839
Speaker 3: The only time, and again I'm gonna say this again,

752
00:40:03,920 --> 00:40:06,759
Speaker 3: the only time that you're going to choose a out

753
00:40:06,760 --> 00:40:09,840
Speaker 3: of the money contract is if you're going to swing

754
00:40:10,120 --> 00:40:12,200
Speaker 3: or if you're going to go into leap calls. That

755
00:40:12,320 --> 00:40:14,520
Speaker 3: is the only way that I would say that it

756
00:40:14,520 --> 00:40:16,719
Speaker 3: will be lucrative for you to go for a out

757
00:40:16,760 --> 00:40:19,560
Speaker 3: of the money contract. In the money, at the money

758
00:40:19,560 --> 00:40:22,200
Speaker 3: definitely have the best Greeks, and the Greeks will definitely

759
00:40:22,200 --> 00:40:25,040
Speaker 3: be on your side when it comes to you and

760
00:40:25,360 --> 00:40:28,600
Speaker 3: at the money. When in respect to either being a scalper,

761
00:40:28,960 --> 00:40:31,160
Speaker 3: or if not being a day trader. When it comes

762
00:40:31,200 --> 00:40:33,239
Speaker 3: to the stock market.

763
00:40:35,000 --> 00:40:37,640
Speaker 4: One thing that I just want to drill down is

764
00:40:37,680 --> 00:40:42,759
Speaker 4: that a this is for people that are interested in

765
00:40:42,800 --> 00:40:45,440
Speaker 4: being traders. You don't have to be a trader, but

766
00:40:45,520 --> 00:40:47,520
Speaker 4: if you are interested in you know, having that as

767
00:40:47,560 --> 00:40:50,239
Speaker 4: part of your arsenal, and you need to know how

768
00:40:50,280 --> 00:40:53,120
Speaker 4: to you know, make put options. And then also and

769
00:40:53,440 --> 00:40:55,440
Speaker 4: you know, either one that you can chime in but

770
00:40:56,080 --> 00:40:57,680
Speaker 4: you don't want to keep it's not something that you

771
00:40:57,840 --> 00:41:00,239
Speaker 4: keep for a long period of time, yeah, or it's

772
00:41:00,239 --> 00:41:03,680
Speaker 4: are usually more short term as opposed to like leap options,

773
00:41:03,760 --> 00:41:06,480
Speaker 4: what could be potentially years, like years, two and a

774
00:41:06,520 --> 00:41:08,080
Speaker 4: half years for a leap call.

775
00:41:08,760 --> 00:41:11,200
Speaker 2: You agree with that, Yeah, And I think Chris, you

776
00:41:11,239 --> 00:41:13,480
Speaker 2: spoke about that in the presentation kind of around at

777
00:41:13,520 --> 00:41:15,240
Speaker 2: the same time when I was talking about stop laws.

778
00:41:15,520 --> 00:41:18,319
Speaker 2: I think you put that three to five days or

779
00:41:18,320 --> 00:41:21,640
Speaker 2: somewhere in that or definitely less than two weeks on

780
00:41:21,680 --> 00:41:23,840
Speaker 2: a put ouction. But just knowing that you can do

781
00:41:23,880 --> 00:41:26,520
Speaker 2: it right for years, I'm talking about years we had

782
00:41:26,560 --> 00:41:28,640
Speaker 2: no like a lot of us had no ideas what

783
00:41:28,680 --> 00:41:31,120
Speaker 2: options were even were, And so to know that to

784
00:41:31,239 --> 00:41:33,480
Speaker 2: know that you can make money either when the market

785
00:41:33,520 --> 00:41:36,080
Speaker 2: is going up or down is critically important, right, because

786
00:41:36,120 --> 00:41:38,560
Speaker 2: we're seeing it happen over the course of six months,

787
00:41:38,560 --> 00:41:41,040
Speaker 2: I mean since January, we've seen what happened, what's happened

788
00:41:41,080 --> 00:41:43,759
Speaker 2: to the nastac And now obviously that's and p's and

789
00:41:43,840 --> 00:41:45,840
Speaker 2: bed market, and most people are like, wait, they're just

790
00:41:45,840 --> 00:41:48,760
Speaker 2: watching the money deplete and deplete and deplete, not knowing

791
00:41:48,840 --> 00:41:50,759
Speaker 2: that there's an opportunity that you can actually make money

792
00:41:50,760 --> 00:41:52,960
Speaker 2: on the way down. So this is vially important information.

793
00:41:53,520 --> 00:41:55,360
Speaker 3: That's funny, absolutely sure.

794
00:41:55,480 --> 00:41:58,239
Speaker 4: So all right, so this is another part of the

795
00:41:58,239 --> 00:42:02,319
Speaker 4: EYO University experiences that we have question answer sessions. So

796
00:42:03,000 --> 00:42:05,360
Speaker 4: if you you know, obviously if you watch a podcast,

797
00:42:05,400 --> 00:42:06,280
Speaker 4: you're not going to be able.

798
00:42:06,160 --> 00:42:07,240
Speaker 5: To, you know, ask questions.

799
00:42:07,280 --> 00:42:13,800
Speaker 4: So the whole the whole model was kind of designed

800
00:42:13,840 --> 00:42:18,080
Speaker 4: after you know, education in a real school, and not

801
00:42:18,120 --> 00:42:21,319
Speaker 4: to say that, you know, universities are bad, but a

802
00:42:21,360 --> 00:42:24,680
Speaker 4: lot of the things that aren't in universities aren't useful

803
00:42:25,680 --> 00:42:28,080
Speaker 4: and they're over priced as well. So we're like, how

804
00:42:28,120 --> 00:42:30,960
Speaker 4: can we take the best experience from a university as

805
00:42:31,000 --> 00:42:33,719
Speaker 4: far as the community, as far as a professor coming in,

806
00:42:33,719 --> 00:42:35,640
Speaker 4: as far as a class, as far as being able

807
00:42:35,640 --> 00:42:37,600
Speaker 4: to ask questions, as far as being able to have

808
00:42:37,640 --> 00:42:40,520
Speaker 4: a customized learning style, like those are all good things

809
00:42:40,520 --> 00:42:43,000
Speaker 4: that are part of university. How can we take out

810
00:42:43,040 --> 00:42:45,880
Speaker 4: the bad part, which is like having to just do

811
00:42:46,000 --> 00:42:50,239
Speaker 4: electives on you know, Earth science and American studies and

812
00:42:50,400 --> 00:42:54,040
Speaker 4: art classes and how can we you know, not have

813
00:42:54,160 --> 00:42:56,840
Speaker 4: to charge seventy thousand dollars a year and have student

814
00:42:56,880 --> 00:42:59,239
Speaker 4: loans and things of that nature. So like I we can,

815
00:42:59,280 --> 00:43:02,799
Speaker 4: we can actually you know, scale it down and give

816
00:43:02,880 --> 00:43:07,040
Speaker 4: what people actually want and need and for a penny

817
00:43:07,080 --> 00:43:10,680
Speaker 4: of the price. So yeah, that's kind of the model

818
00:43:10,880 --> 00:43:14,239
Speaker 4: behind Eyo University. And once again we have great professors

819
00:43:14,320 --> 00:43:18,520
Speaker 4: like Chris who who teach, who teach classes and you

820
00:43:18,560 --> 00:43:20,600
Speaker 4: know has built his own community as well, which we'll

821
00:43:20,640 --> 00:43:21,480
Speaker 4: talk about.

822
00:43:21,239 --> 00:43:21,920
Speaker 5: That later on.

823
00:43:22,520 --> 00:43:25,440
Speaker 4: But yeah, so the second part of this is going

824
00:43:25,520 --> 00:43:30,160
Speaker 4: to be the the question and answer experience and you know,

825
00:43:30,239 --> 00:43:33,560
Speaker 4: get to ask questions and you know, get to answer it.

826
00:43:33,640 --> 00:43:35,600
Speaker 4: And then there's also a zoom chat going on too,

827
00:43:35,640 --> 00:43:38,319
Speaker 4: so a lot of times people actually answer questions for

828
00:43:38,520 --> 00:43:41,280
Speaker 4: other people in the zoom. That happens to my financial

829
00:43:41,360 --> 00:43:43,000
Speaker 4: planning class a lot, even if I don't know the

830
00:43:43,080 --> 00:43:45,080
Speaker 4: answer to a question somebody else might know the answer.

831
00:43:45,160 --> 00:43:47,680
Speaker 4: We just look it up on the spot and different

832
00:43:47,680 --> 00:43:49,640
Speaker 4: things of that nature. So it's a real it's a

833
00:43:49,680 --> 00:43:52,239
Speaker 4: real vibe. So we're gonna go to that. But if

834
00:43:52,280 --> 00:43:54,839
Speaker 4: you're interested in joining Eyo University, we are running fifty

835
00:43:54,880 --> 00:43:58,240
Speaker 4: percent off sales, so I put the link on the YouTube.

836
00:43:58,280 --> 00:43:59,920
Speaker 5: It's Eyo University dot com.

837
00:44:00,120 --> 00:44:02,600
Speaker 4: Pretty easy and if you want to, you know, sign

838
00:44:02,680 --> 00:44:04,640
Speaker 4: up and become an earner, we'd love to have you

839
00:44:04,719 --> 00:44:07,960
Speaker 4: on the other side. So let's let's get some some

840
00:44:08,160 --> 00:44:09,600
Speaker 4: questions if we can.

841
00:44:09,840 --> 00:44:12,439
Speaker 2: Yeah, real real quick. Shout out to Andrea and shout

842
00:44:12,440 --> 00:44:14,719
Speaker 2: out to Mercedes in the chat. Shout out to y'all.

843
00:44:14,719 --> 00:44:16,600
Speaker 2: Ill see y'all. Y'all answering half the questions in there,

844
00:44:16,640 --> 00:44:19,319
Speaker 2: so shout out to y'all. Getting busy, chat chat chat

845
00:44:19,360 --> 00:44:22,479
Speaker 2: lit Right now, Hey, Chris, I have a quick question.

846
00:44:22,560 --> 00:44:24,919
Speaker 2: So I'm and this is golden. If you're watching right now,

847
00:44:24,960 --> 00:44:27,839
Speaker 2: you should be taking a picture of this technical announcements roadmap. Yeah,

848
00:44:28,200 --> 00:44:31,120
Speaker 2: moving averages, which which moving averages do you use? So

849
00:44:31,560 --> 00:44:33,279
Speaker 2: are you twenty? Are you fifteen hundred? What do you

850
00:44:33,320 --> 00:44:33,920
Speaker 2: do two hundred?

851
00:44:34,239 --> 00:44:36,800
Speaker 3: So fifteen two hundred are definitely known, you know across

852
00:44:36,840 --> 00:44:39,160
Speaker 3: hetch funds and stuff, but it's like the hedge funes

853
00:44:39,160 --> 00:44:41,320
Speaker 3: already know that. We know that fifteen to two hundred

854
00:44:41,480 --> 00:44:42,560
Speaker 3: are definitely the ones.

855
00:44:44,040 --> 00:44:46,440
Speaker 2: Earners. What's up? You ever walk into a small business

856
00:44:46,480 --> 00:44:49,600
Speaker 2: and everything just works like the checkout is fast, the

857
00:44:49,680 --> 00:44:53,560
Speaker 2: receipts of digital tipping is a breeze, and you're out

858
00:44:53,600 --> 00:44:56,799
Speaker 2: the door before the line even builds. Odds are they're

859
00:44:56,960 --> 00:45:00,480
Speaker 2: using Square. We love supporting businesses that run on Square

860
00:45:00,520 --> 00:45:03,600
Speaker 2: because it just feels seamless. Whether it's a local coffee shop,

861
00:45:03,840 --> 00:45:06,319
Speaker 2: a vendor at a pop up market, or even one

862
00:45:06,360 --> 00:45:09,440
Speaker 2: of our merch partners, Square makes it easy for them

863
00:45:09,520 --> 00:45:13,440
Speaker 2: to take payments, manage inventory, and run their business with confidence,

864
00:45:13,840 --> 00:45:17,080
Speaker 2: all from one simple system. If you're a business owner

865
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869
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870
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Speaker 2: This episode is brought to you by P and C Bank.

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895
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Speaker 3: I used the nine em A and twenty one em A.

896
00:47:06,719 --> 00:47:08,520
Speaker 3: And for those that are you know, part of uyol,

897
00:47:08,640 --> 00:47:11,480
Speaker 3: y'all know that we we print money with that n

898
00:47:12,040 --> 00:47:13,640
Speaker 3: twenty one A man. You can use it on any

899
00:47:13,719 --> 00:47:16,160
Speaker 3: time frame and it's called you know, just like the

900
00:47:16,239 --> 00:47:18,560
Speaker 3: fifteen two hundred. When it comes to crossover, you know,

901
00:47:18,640 --> 00:47:21,120
Speaker 3: when the nine am man crosses above the twenty one,

902
00:47:21,400 --> 00:47:23,759
Speaker 3: that is a golden cross. When the nine am A

903
00:47:23,880 --> 00:47:26,560
Speaker 3: crosses below that is a death cross. But the nineteen

904
00:47:26,560 --> 00:47:30,680
Speaker 3: twenty one twenty definitely or for scalpers, for day traders,

905
00:47:30,719 --> 00:47:33,320
Speaker 3: for spring traders, for long term positions. So it's definitely

906
00:47:33,320 --> 00:47:33,680
Speaker 3: the way to go.

907
00:47:34,440 --> 00:47:35,960
Speaker 2: Shout shout out to the earners of the chat. They

908
00:47:36,040 --> 00:47:39,560
Speaker 2: open one too. I hope you got that gym. All right,

909
00:47:39,640 --> 00:47:42,160
Speaker 2: let let's open this up a little bit. Ashley read,

910
00:47:42,200 --> 00:47:45,040
Speaker 2: we are coming to you. Unmute yourself. You have been unmuted.

911
00:47:45,080 --> 00:47:55,640
Speaker 2: What's going on? Ashley received cashier. Hello, Hey, I'm so

912
00:47:55,800 --> 00:47:56,799
Speaker 2: sorry sorry you guys.

913
00:47:56,920 --> 00:47:57,600
Speaker 7: I'm at work.

914
00:47:58,239 --> 00:47:59,000
Speaker 3: I definitely did not.

915
00:47:59,120 --> 00:48:01,680
Speaker 8: Think that I have take it through to ask a question.

916
00:48:03,120 --> 00:48:05,440
Speaker 8: I just want to say, thanks you guys for everything

917
00:48:05,520 --> 00:48:08,360
Speaker 8: that you all do, and thank you for trying to

918
00:48:08,640 --> 00:48:12,440
Speaker 8: educate the community and for giving back and for adding value.

919
00:48:12,200 --> 00:48:12,920
Speaker 7: To our lives.

920
00:48:13,360 --> 00:48:14,600
Speaker 8: I really do appreciate it.

921
00:48:15,960 --> 00:48:18,880
Speaker 5: Appreciate that, of course.

922
00:48:20,640 --> 00:48:25,480
Speaker 8: So my question is, Okay, so you know most of

923
00:48:25,520 --> 00:48:29,759
Speaker 8: the stocks now are going in a downward trend. We're

924
00:48:29,800 --> 00:48:33,600
Speaker 8: in a bear market. Do you think that it's a

925
00:48:33,719 --> 00:48:37,239
Speaker 8: good time to start loading the boat or this is

926
00:48:37,360 --> 00:48:40,200
Speaker 8: and this question is for anyone, or do you think

927
00:48:40,320 --> 00:48:43,799
Speaker 8: that I should like give it more time and let

928
00:48:44,360 --> 00:48:48,960
Speaker 8: certain things continue going down. So right now I have

929
00:48:49,080 --> 00:48:53,600
Speaker 8: about seven thousand dollars to invest, and I'm trying to

930
00:48:53,680 --> 00:48:57,359
Speaker 8: decide on if I should just go ahead and put

931
00:48:57,440 --> 00:48:58,640
Speaker 8: it in the stocks.

932
00:48:58,360 --> 00:49:02,760
Speaker 3: Now or wait a little bit longer. I got definitely

933
00:49:02,760 --> 00:49:05,239
Speaker 3: answer that. So I mean I would say start, you know,

934
00:49:05,320 --> 00:49:07,880
Speaker 3: start buying, startloading the boat. Right if you look at

935
00:49:07,880 --> 00:49:09,800
Speaker 3: the stocks that you that you would that you actually

936
00:49:09,840 --> 00:49:11,719
Speaker 3: believe in. Let say you're Microsoft, You're in video and

937
00:49:11,800 --> 00:49:14,760
Speaker 3: videos at a crazy discount right now. There's no reason

938
00:49:14,880 --> 00:49:17,160
Speaker 3: that if you like in video at three hundred. How

939
00:49:17,560 --> 00:49:19,960
Speaker 3: Troy says you should definitely like it at one sixties.

940
00:49:19,960 --> 00:49:22,160
Speaker 3: So I would say it's definitely the time to load

941
00:49:22,239 --> 00:49:24,160
Speaker 3: the boat. Yes, the you know, the stock market may

942
00:49:24,239 --> 00:49:26,800
Speaker 3: still going down, but if it's stocks that you know

943
00:49:26,880 --> 00:49:28,680
Speaker 3: are going to be here five to ten years from

944
00:49:28,719 --> 00:49:31,960
Speaker 3: now and you're thinking long term, there's I mean, I

945
00:49:32,000 --> 00:49:35,160
Speaker 3: don't think you should definitely, you know, hesitate when it

946
00:49:35,200 --> 00:49:36,319
Speaker 3: comes to buying these different stocks.

947
00:49:37,960 --> 00:49:38,160
Speaker 2: Yeah.

948
00:49:38,280 --> 00:49:40,759
Speaker 4: Yeah, I think you can also dolo cost average and

949
00:49:40,800 --> 00:49:44,480
Speaker 4: even if the stock goes down, you can dolar cost down. Well,

950
00:49:44,640 --> 00:49:47,200
Speaker 4: Like it's like let's say you put one thousand dollars

951
00:49:47,280 --> 00:49:50,920
Speaker 4: in even I mean, like let's take a stock like Amazon,

952
00:49:51,239 --> 00:49:54,239
Speaker 4: where it's I think it's like forty something percent off

953
00:49:54,280 --> 00:49:58,160
Speaker 4: of his all time high. So yeah, it could potentially

954
00:49:58,239 --> 00:50:00,319
Speaker 4: go to like fifty percent off of his all time high.

955
00:50:00,680 --> 00:50:04,360
Speaker 4: We'll go to sixty percent off. Maybe probably not, but

956
00:50:04,920 --> 00:50:08,279
Speaker 4: like if you're kind of runner, you don't, if you're

957
00:50:08,320 --> 00:50:09,840
Speaker 4: kind of nervous and say, okay, I don't want to

958
00:50:09,880 --> 00:50:12,239
Speaker 4: put everything in, then it drops down again. You can

959
00:50:12,280 --> 00:50:15,080
Speaker 4: always drop you can always buy more even at a

960
00:50:15,160 --> 00:50:18,520
Speaker 4: lower point, and the benefit with that is that you

961
00:50:18,719 --> 00:50:23,520
Speaker 4: you lower your your buying price. So now when the

962
00:50:23,560 --> 00:50:25,880
Speaker 4: stock goes up, you're actually you know, in a better position.

963
00:50:26,000 --> 00:50:28,839
Speaker 4: So that's always a strategy as well. But yeah, I mean,

964
00:50:28,920 --> 00:50:30,520
Speaker 4: you know, being at it's at the start of the

965
00:50:30,560 --> 00:50:32,960
Speaker 4: band market, I think you know, it'll probably be choppy.

966
00:50:32,760 --> 00:50:34,759
Speaker 5: For a while, but you know, it could always it

967
00:50:34,800 --> 00:50:35,960
Speaker 5: could also move sideways.

968
00:50:35,960 --> 00:50:38,760
Speaker 4: It doesn't necessarily mean it has to just continuously drop

969
00:50:39,120 --> 00:50:41,920
Speaker 4: as drastically as it has dropped. But yeah, I think

970
00:50:42,239 --> 00:50:43,759
Speaker 4: Chris brings up a good point. You got to look

971
00:50:43,800 --> 00:50:46,719
Speaker 4: at each stock on an individual basis. A stock like

972
00:50:47,000 --> 00:50:49,920
Speaker 4: Apples only down twenty percent, but you know a stock

973
00:50:50,120 --> 00:50:55,040
Speaker 4: like video is down fifty like that. Yeah, right now,

974
00:50:56,080 --> 00:50:59,200
Speaker 4: so you know that's that's different, right that that might

975
00:50:59,239 --> 00:51:02,760
Speaker 4: be a better then something that's only down fifteen percent

976
00:51:02,920 --> 00:51:05,200
Speaker 4: or something that's down eighteen percent that's kind of held

977
00:51:05,239 --> 00:51:08,839
Speaker 4: pretty strong, which has more downside potential. So it really

978
00:51:08,960 --> 00:51:10,920
Speaker 4: just depends because there's so many different stocks on the

979
00:51:10,960 --> 00:51:14,000
Speaker 4: stock market that it really just depends. But the deeper

980
00:51:14,280 --> 00:51:15,920
Speaker 4: that it went down, and of course if it has

981
00:51:15,960 --> 00:51:18,880
Speaker 4: to be a good company that you believe in, but

982
00:51:19,080 --> 00:51:21,719
Speaker 4: you know, the deeper the dis the deeper the discount,

983
00:51:23,280 --> 00:51:24,080
Speaker 4: the better.

984
00:51:24,239 --> 00:51:26,600
Speaker 2: The buy yeah, I was gonna say, and I see

985
00:51:26,600 --> 00:51:28,320
Speaker 2: some people put in the chat like scale in or

986
00:51:28,400 --> 00:51:30,520
Speaker 2: taper in, and that would kind of be like the

987
00:51:30,600 --> 00:51:33,279
Speaker 2: method for dollar col savaging. But we got to like

988
00:51:33,560 --> 00:51:37,000
Speaker 2: realize what good companies are, Like, it's Amazon a great company. Yeah,

989
00:51:37,000 --> 00:51:39,080
Speaker 2: it's Apple a great company. Yeah? Is in Video a

990
00:51:39,120 --> 00:51:41,680
Speaker 2: great company? Yeah? They're great companies. It's just that we're

991
00:51:41,680 --> 00:51:44,080
Speaker 2: in a bear market and so yeah, they're gonna trend down,

992
00:51:44,360 --> 00:51:46,480
Speaker 2: but there's still solid companies. You got to realize that

993
00:51:46,560 --> 00:51:49,239
Speaker 2: it's still a solid company. It's just at a discounted price.

994
00:51:49,560 --> 00:51:52,160
Speaker 2: And we shouldn't be panic trading or feeling and fear

995
00:51:52,600 --> 00:51:54,840
Speaker 2: because we've already seen I'm glad that Chris brought that

996
00:51:54,880 --> 00:51:57,120
Speaker 2: statistic up. Seventy eight percent of the time the market

997
00:51:57,200 --> 00:51:59,520
Speaker 2: moves in the upper trend seventy eight percent of the time.

998
00:52:00,040 --> 00:52:01,919
Speaker 2: It feels like this has been going on forever because

999
00:52:01,960 --> 00:52:04,239
Speaker 2: a lot of us have just gotten into investing, and

1000
00:52:04,360 --> 00:52:07,120
Speaker 2: so it's like, wait, it doesn't go up every day,

1001
00:52:07,560 --> 00:52:10,400
Speaker 2: Like this is what a pullback is. And so if

1002
00:52:10,440 --> 00:52:13,800
Speaker 2: you're patient enough and you're in very very solid companies,

1003
00:52:13,800 --> 00:52:15,239
Speaker 2: and I think that's one of those great shatages you

1004
00:52:15,280 --> 00:52:18,080
Speaker 2: talked about Chris actually knowing the CEO, actually knowing what

1005
00:52:18,160 --> 00:52:20,240
Speaker 2: the moat is. I know you talked about competitive advantage,

1006
00:52:20,680 --> 00:52:22,359
Speaker 2: So knowing what the moat is they have a versus

1007
00:52:22,360 --> 00:52:24,360
Speaker 2: everybody else in that sector. It's very important before you

1008
00:52:24,440 --> 00:52:27,800
Speaker 2: make an investment, and so just realize that this is

1009
00:52:27,920 --> 00:52:31,279
Speaker 2: a beer market, but nearly eighty percent of the time

1010
00:52:31,360 --> 00:52:33,880
Speaker 2: the market trends in an upward manner. So keep that

1011
00:52:33,960 --> 00:52:36,040
Speaker 2: in mind when you're making these investments. All you're thinking

1012
00:52:36,080 --> 00:52:38,560
Speaker 2: about making it and you're feeling a kind of apprehensive

1013
00:52:38,560 --> 00:52:40,760
Speaker 2: about doing it. Appreciate you, Ashley.

1014
00:52:41,680 --> 00:52:42,840
Speaker 8: Yes, thanks you guys.

1015
00:52:43,040 --> 00:52:45,160
Speaker 2: TJ. We're coming to you. I'm mute yourself. You've been unmuted.

1016
00:52:45,200 --> 00:52:48,200
Speaker 2: What's going on? TJ? There you TJ? What's up?

1017
00:52:48,960 --> 00:52:49,360
Speaker 3: What's up?

1018
00:52:49,560 --> 00:52:51,719
Speaker 5: Try going on?

1019
00:52:53,960 --> 00:52:56,480
Speaker 2: Chris? They been good? Brow you.

1020
00:52:57,640 --> 00:52:58,600
Speaker 3: I'm good. I'm good.

1021
00:52:58,719 --> 00:52:59,640
Speaker 2: Bless up, bless up.

1022
00:53:01,280 --> 00:53:05,640
Speaker 3: Question Chris, did you get in that Nvidia one seven call?

1023
00:53:06,040 --> 00:53:07,319
Speaker 2: I just spoke about it last night.

1024
00:53:07,440 --> 00:53:11,120
Speaker 3: I did yep, iRED you feel about it? You still

1025
00:53:11,160 --> 00:53:13,320
Speaker 3: got tom so so I so I did play earnings.

1026
00:53:13,360 --> 00:53:15,239
Speaker 3: I did the one seventy call. I also got into

1027
00:53:15,280 --> 00:53:18,160
Speaker 3: an in video trade today. I got like a forty

1028
00:53:18,200 --> 00:53:21,080
Speaker 3: percent game. It was a quick scout, so I did

1029
00:53:21,200 --> 00:53:23,400
Speaker 3: make money today. But I'm a little salty about the

1030
00:53:23,480 --> 00:53:26,200
Speaker 3: Ernie's play, all right though. You know Ernie's play. One

1031
00:53:26,239 --> 00:53:28,680
Speaker 3: thing about Ernie's play is definitely a gamble, Like when

1032
00:53:28,719 --> 00:53:31,360
Speaker 3: you put money into Ernie's is money that you got

1033
00:53:31,480 --> 00:53:35,319
Speaker 3: to be comfortable losing. So you know, I was ready

1034
00:53:35,360 --> 00:53:35,520
Speaker 3: for it.

1035
00:53:36,760 --> 00:53:39,160
Speaker 2: Yeah, I got into it too. I'm done, but it's

1036
00:53:39,160 --> 00:53:41,480
Speaker 2: all good. Yeah, for those not in the note and

1037
00:53:41,600 --> 00:53:44,160
Speaker 2: video had their earnings today and I'm looking at it

1038
00:53:44,280 --> 00:53:49,520
Speaker 2: right now after hours they down another seven percent. So

1039
00:53:49,640 --> 00:53:52,040
Speaker 2: obviously if you if you're scalping, which means you're you know,

1040
00:53:52,080 --> 00:53:54,800
Speaker 2: you're in and out of these positions, obviously it's a downtread.

1041
00:53:54,880 --> 00:53:57,279
Speaker 2: But this is why it's they're having the advantage of

1042
00:53:57,360 --> 00:54:01,000
Speaker 2: time works in your benefit here, right, because yes, it's

1043
00:54:01,040 --> 00:54:04,440
Speaker 2: a pullback, and obviously theself because did they report that

1044
00:54:04,480 --> 00:54:06,759
Speaker 2: the guidance was kind of low going forward, Chris? Is

1045
00:54:06,800 --> 00:54:07,319
Speaker 2: that what I said?

1046
00:54:07,360 --> 00:54:10,520
Speaker 3: Yeah, yeah, it was very very low. Honestly, they definitely

1047
00:54:10,560 --> 00:54:13,359
Speaker 3: have bullish momentum throughout the day. I was a little

1048
00:54:13,360 --> 00:54:16,360
Speaker 3: bit scared about that, the bullish momentum because you know,

1049
00:54:16,440 --> 00:54:18,799
Speaker 3: Spy was definitely going down and they were definitely buying

1050
00:54:18,840 --> 00:54:20,560
Speaker 3: it up. I just didn't think that it was going

1051
00:54:20,600 --> 00:54:23,680
Speaker 3: to continue going down, right, But there was Bairey any

1052
00:54:23,719 --> 00:54:25,200
Speaker 3: guidance when it comes to the Ernie's player. I just

1053
00:54:25,239 --> 00:54:27,200
Speaker 3: feel that in video is such a strong stock that

1054
00:54:27,920 --> 00:54:30,839
Speaker 3: maybe tomorrow go back to win seventy or one sixty five.

1055
00:54:30,880 --> 00:54:32,759
Speaker 3: You know, it definitely has those days. And at the

1056
00:54:32,800 --> 00:54:34,360
Speaker 3: end of the day, you got to think about this.

1057
00:54:34,560 --> 00:54:37,239
Speaker 3: Market makers they want to bring it right right back

1058
00:54:37,280 --> 00:54:39,640
Speaker 3: down to the one fifties, to buy it right back up.

1059
00:54:39,719 --> 00:54:41,879
Speaker 3: So I think mar should definitely.

1060
00:54:41,600 --> 00:54:43,800
Speaker 2: Be a very interesting That's one of those things that

1061
00:54:43,840 --> 00:54:47,000
Speaker 2: people have to realize. The market market makers will pull

1062
00:54:47,080 --> 00:54:51,000
Speaker 2: back the equity or the asset to a number that

1063
00:54:51,120 --> 00:54:53,960
Speaker 2: they like, right so they can actually buy more. And

1064
00:54:54,040 --> 00:54:56,440
Speaker 2: so I told you this is if this was like

1065
00:54:56,560 --> 00:54:59,240
Speaker 2: finding Nemo, Like we're Nemo in this and there's whales

1066
00:54:59,280 --> 00:55:01,879
Speaker 2: out there, right, or there's sharks out there that eating

1067
00:55:01,960 --> 00:55:03,880
Speaker 2: off the things that the movement that they know that

1068
00:55:03,920 --> 00:55:10,440
Speaker 2: we're going to participate in. So be very mindful of that. Welando, Welando,

1069
00:55:10,719 --> 00:55:14,520
Speaker 2: we are coming to you. You are being unmuted. Unmute yourself.

1070
00:55:14,600 --> 00:55:16,680
Speaker 2: Orlando what's going on? TJ. I appreciate you, thank you,

1071
00:55:18,080 --> 00:55:18,400
Speaker 2: thank you.

1072
00:55:18,600 --> 00:55:19,080
Speaker 5: How's it going?

1073
00:55:19,440 --> 00:55:23,000
Speaker 2: Can you hear me? Yeah? We gave you this is crazy.

1074
00:55:23,800 --> 00:55:26,200
Speaker 3: First of all, thank you for selecting me.

1075
00:55:26,239 --> 00:55:28,000
Speaker 9: And I really appreciate all the work that y'all do.

1076
00:55:28,160 --> 00:55:30,680
Speaker 9: I've leveled up so much my personal life and like

1077
00:55:30,800 --> 00:55:32,640
Speaker 9: my whole view on the world has changed. So I

1078
00:55:32,760 --> 00:55:34,880
Speaker 9: appreciate the fact that you guys are taking the.

1079
00:55:34,920 --> 00:55:35,920
Speaker 3: Time and energy to do this.

1080
00:55:37,600 --> 00:55:40,319
Speaker 9: So my question is this, what would and I asked

1081
00:55:40,360 --> 00:55:42,960
Speaker 9: this in the zoom chat. What are the books audio

1082
00:55:43,360 --> 00:55:47,160
Speaker 9: people that I should research on, read or know in

1083
00:55:47,320 --> 00:55:51,840
Speaker 9: order to develop top level technical analysis for skill technical

1084
00:55:51,880 --> 00:55:52,800
Speaker 9: analysis skills.

1085
00:55:53,920 --> 00:55:56,200
Speaker 3: Yeah, so you can get the Charting and Technical Analysis

1086
00:55:56,840 --> 00:56:01,160
Speaker 3: book by Things Frank McCallen Frank Allen. But this should

1087
00:56:01,160 --> 00:56:03,719
Speaker 3: be your roadmap. This is the rolemap you need. I mean,

1088
00:56:03,840 --> 00:56:06,840
Speaker 3: this is everything you need. You don't need no secret strategy,

1089
00:56:07,000 --> 00:56:10,000
Speaker 3: no secret sauts. You need to be able to understand

1090
00:56:10,080 --> 00:56:15,000
Speaker 3: market trends, how to actually plot supporting resistance. What are

1091
00:56:15,000 --> 00:56:18,080
Speaker 3: the different candlestick patterns that actually matter? So, for example,

1092
00:56:18,200 --> 00:56:21,440
Speaker 3: a hammer candle at a downtrend is going to be critical.

1093
00:56:21,680 --> 00:56:24,319
Speaker 3: And I promise you that when we actually recover from

1094
00:56:24,400 --> 00:56:27,160
Speaker 3: this beer market, you're probably gonna see either a hammer

1095
00:56:27,239 --> 00:56:29,520
Speaker 3: candle or if not, a bullish and golfing format. You

1096
00:56:29,600 --> 00:56:32,279
Speaker 3: need to understand truck patterns. What's a double top? Was

1097
00:56:32,320 --> 00:56:36,480
Speaker 3: a beer flag? You know? Bullflag double bottom? How to

1098
00:56:36,600 --> 00:56:39,680
Speaker 3: actually use trend lines every single day. Trend lines, out

1099
00:56:39,719 --> 00:56:42,080
Speaker 3: of all the technical tools that we get out of

1100
00:56:42,160 --> 00:56:45,480
Speaker 3: technical analysis, is definitely my favorite. And you could use

1101
00:56:45,520 --> 00:56:48,120
Speaker 3: trend lines for scalping, for day trading, for swing trading,

1102
00:56:48,160 --> 00:56:51,560
Speaker 3: for anything. And you also need to know the moving

1103
00:56:51,600 --> 00:56:55,200
Speaker 3: average crossovers nine to twenty one is money that is

1104
00:56:55,320 --> 00:56:58,400
Speaker 3: gold right there, that's definitely golden. Highly recommend you to

1105
00:56:58,480 --> 00:57:00,400
Speaker 3: do it. You also need to understan and if you

1106
00:57:00,480 --> 00:57:02,800
Speaker 3: want to be a day trader or a scalper, what

1107
00:57:02,920 --> 00:57:05,600
Speaker 3: are the intra date strategies that suit you know your

1108
00:57:06,440 --> 00:57:09,759
Speaker 3: personal needs. So for example, the ABCD pattern is go

1109
00:57:10,160 --> 00:57:13,600
Speaker 3: the opening range breakout. It allows you to understand the trend.

1110
00:57:14,040 --> 00:57:16,920
Speaker 3: The break and retest strategy is very very critical. And

1111
00:57:17,000 --> 00:57:19,160
Speaker 3: then on top of that you can add some additional

1112
00:57:19,280 --> 00:57:22,200
Speaker 3: layer of sauce and you can add the mcdee, the rside,

1113
00:57:22,240 --> 00:57:25,120
Speaker 3: the stochastics, but price action is definitely what you gotta

1114
00:57:26,040 --> 00:57:29,320
Speaker 3: take into account, but it will never click if you

1115
00:57:29,400 --> 00:57:31,680
Speaker 3: don't do it. You can read all the books in

1116
00:57:31,760 --> 00:57:34,120
Speaker 3: the world. You can read fIF you know, five thousand books.

1117
00:57:34,400 --> 00:57:36,760
Speaker 3: If you don't sit down and actually write it down

1118
00:57:37,320 --> 00:57:39,720
Speaker 3: and draw a double top, draw a beer flag, draw

1119
00:57:39,760 --> 00:57:41,960
Speaker 3: a bull flag, it will never click. Why because you

1120
00:57:42,040 --> 00:57:44,200
Speaker 3: need that muscle memory right and at the end of

1121
00:57:44,240 --> 00:57:46,640
Speaker 3: the day, it will definitely take some time. It will

1122
00:57:46,680 --> 00:57:49,480
Speaker 3: probably take anywhere from one year to two years for

1123
00:57:49,560 --> 00:57:51,920
Speaker 3: you to get really good. I taken coll analysis, but

1124
00:57:52,000 --> 00:57:53,840
Speaker 3: I definitely feel that this role my prayer here when

1125
00:57:53,880 --> 00:57:56,640
Speaker 3: it comes to these different topics. You should be able

1126
00:57:56,720 --> 00:57:59,840
Speaker 3: to look it up. Also part of Eyuniversity, we definitely

1127
00:58:00,280 --> 00:58:02,960
Speaker 3: as well, So that will be my recommendation.

1128
00:58:03,160 --> 00:58:06,000
Speaker 2: Yeah, Rolando, the fact that you are on the other side,

1129
00:58:06,000 --> 00:58:10,040
Speaker 2: you're an earner. We actually had a book club about

1130
00:58:10,160 --> 00:58:13,080
Speaker 2: charting and technical analysis, so that's our chive. We actually

1131
00:58:13,120 --> 00:58:15,400
Speaker 2: did that in January, so you can actually go back

1132
00:58:15,440 --> 00:58:17,959
Speaker 2: and watch every one of those book clubs about that book.

1133
00:58:18,080 --> 00:58:20,200
Speaker 2: And I mean that this is like that'd be like

1134
00:58:20,240 --> 00:58:22,440
Speaker 2: a crash course for you on top of it. Actually,

1135
00:58:22,560 --> 00:58:24,360
Speaker 2: like I think the most important thing christ is saying

1136
00:58:24,440 --> 00:58:26,560
Speaker 2: is like actually applying it, and so it's good for

1137
00:58:26,720 --> 00:58:28,000
Speaker 2: us to say it and for you to watch it.

1138
00:58:28,160 --> 00:58:29,960
Speaker 2: But when you're in the game, when you have a

1139
00:58:30,080 --> 00:58:33,880
Speaker 2: leg in the game, it's a little bit different. Shout

1140
00:58:33,920 --> 00:58:39,160
Speaker 2: out to you, appreciate you, bro Shout out to Angie said,

1141
00:58:39,160 --> 00:58:41,200
Speaker 2: I should read the disclaimer in the market. Money is disclaiming.

1142
00:58:43,040 --> 00:58:48,680
Speaker 2: Trading has considerable risk. Let's see who we got. Andrea,

1143
00:58:48,720 --> 00:58:51,240
Speaker 2: were coming to you. We're coming to you, Andrea. I'm

1144
00:58:51,320 --> 00:58:54,320
Speaker 2: meeting you. Unmute yourself. How are you doing? Good? Even happy?

1145
00:58:54,440 --> 00:59:02,000
Speaker 2: Made twenty fifth? What's the deal? We have another fish bread? Now?

1146
00:59:02,040 --> 00:59:13,520
Speaker 2: Andrew gonna do that to us? She got nervous. All right,

1147
00:59:13,920 --> 00:59:19,120
Speaker 2: we're gonna go to I think this is a milli

1148
00:59:19,840 --> 00:59:21,680
Speaker 2: a million. I'm coming to you. I'm yourself, ya, I'm you.

1149
00:59:22,000 --> 00:59:23,960
Speaker 2: If I said it wrong, I apologize in advance. Did

1150
00:59:24,000 --> 00:59:24,440
Speaker 2: I say it wrong?

1151
00:59:25,320 --> 00:59:25,960
Speaker 10: Now you got it?

1152
00:59:26,040 --> 00:59:26,440
Speaker 9: A million?

1153
00:59:26,480 --> 00:59:28,000
Speaker 5: A million, A million, a million.

1154
00:59:28,520 --> 00:59:30,000
Speaker 2: A perfect person. Going on?

1155
00:59:30,920 --> 00:59:33,120
Speaker 9: What's going on with Pisces? Ah?

1156
00:59:33,360 --> 00:59:38,480
Speaker 2: What day? What day? Man? February twenty fifth? Okay, February Pisces.

1157
00:59:39,240 --> 00:59:40,720
Speaker 10: I'm right there by, y'all.

1158
00:59:42,400 --> 00:59:44,200
Speaker 2: What's the deal, Professor Souci?

1159
00:59:44,280 --> 00:59:44,760
Speaker 3: What's going on?

1160
00:59:46,160 --> 00:59:46,360
Speaker 5: How you?

1161
00:59:47,680 --> 00:59:47,840
Speaker 2: Oh?

1162
00:59:47,960 --> 00:59:49,560
Speaker 3: Good? God, you forgot to.

1163
00:59:49,600 --> 00:59:51,280
Speaker 9: Tell him about the nine and the v walk.

1164
00:59:51,480 --> 00:59:56,400
Speaker 10: Come on, yeah, professional trading, that's professional trading.

1165
00:59:56,760 --> 00:59:59,000
Speaker 3: Yeah it is, but they get that, you know, insidy

1166
00:59:59,040 --> 01:00:02,360
Speaker 3: well university right crossover.

1167
01:00:08,240 --> 01:00:08,520
Speaker 11: True.

1168
01:00:09,080 --> 01:00:12,640
Speaker 10: So all right, I got a question because I understand

1169
01:00:12,760 --> 01:00:14,600
Speaker 10: how important this is right now.

1170
01:00:14,680 --> 01:00:17,920
Speaker 2: I do understand the importance of it. The thing is, my.

1171
01:00:18,080 --> 01:00:20,960
Speaker 10: Funds are not right there right now where I could

1172
01:00:21,000 --> 01:00:23,720
Speaker 10: do like a big like load of boat. So I'm

1173
01:00:23,760 --> 01:00:26,240
Speaker 10: coming up with a creative plan and I want to

1174
01:00:26,280 --> 01:00:28,840
Speaker 10: know what you think about it, and would you recommend it?

1175
01:00:29,640 --> 01:00:31,280
Speaker 3: Is, should I take a loan.

1176
01:00:31,200 --> 01:00:36,400
Speaker 10: Out to actually invest, even though I know interest rates

1177
01:00:36,440 --> 01:00:39,600
Speaker 10: are high? I don't know how you feel about that, like, well,

1178
01:00:40,120 --> 01:00:42,240
Speaker 10: we'll feedbacks.

1179
01:00:42,320 --> 01:00:45,880
Speaker 4: I definitely would not suggest taking a loan to invest.

1180
01:00:46,000 --> 01:00:49,920
Speaker 4: You always want to invest, especially trading money. You know,

1181
01:00:50,040 --> 01:00:54,320
Speaker 4: investing has considerable risk. All investments run the risk of

1182
01:00:54,520 --> 01:01:00,480
Speaker 4: you know, losing ainythinking happen. So yeah, you can potentially

1183
01:01:00,600 --> 01:01:04,360
Speaker 4: use leverage, and you know, debt is leverage, but I just,

1184
01:01:04,480 --> 01:01:07,200
Speaker 4: you know, think that that probably might not be the

1185
01:01:07,320 --> 01:01:09,440
Speaker 4: most responsible way to go.

1186
01:01:11,080 --> 01:01:12,760
Speaker 5: So that's that's just my opinion.

1187
01:01:14,760 --> 01:01:16,960
Speaker 2: I listened to my financial advisor when she was like

1188
01:01:17,000 --> 01:01:19,000
Speaker 2: that come up. I'm lucky that you're sitting to the

1189
01:01:19,080 --> 01:01:24,880
Speaker 2: left for me. I'm very fortunate man. So yeah, I

1190
01:01:24,920 --> 01:01:26,600
Speaker 2: would not I would not suggest.

1191
01:01:26,320 --> 01:01:30,040
Speaker 3: That, all right, So I figured out another way.

1192
01:01:30,760 --> 01:01:33,000
Speaker 9: No, I'm not huh.

1193
01:01:34,000 --> 01:01:37,160
Speaker 4: Also, I'll say this, A lot of times people feel like, yo,

1194
01:01:37,240 --> 01:01:40,680
Speaker 4: this is they There's always going to be opportunities. There's

1195
01:01:40,680 --> 01:01:43,120
Speaker 4: always going to be bear markets. It might have to

1196
01:01:43,160 --> 01:01:46,120
Speaker 4: it might not be next year, but there's always gonna

1197
01:01:46,120 --> 01:01:48,240
Speaker 4: be opportunities. So even if you're not in a position

1198
01:01:48,320 --> 01:01:51,160
Speaker 4: to really really go extremely hard like you want this time,

1199
01:01:51,600 --> 01:01:53,680
Speaker 4: you know, you get a knowledge, you get the information,

1200
01:01:54,040 --> 01:01:57,040
Speaker 4: and then you get the resources, and then the next

1201
01:01:57,080 --> 01:02:00,640
Speaker 4: time around you're better prepared. So I know that's something

1202
01:02:00,680 --> 01:02:03,040
Speaker 4: it's like fomo, right, fire of missing out when people

1203
01:02:03,120 --> 01:02:05,040
Speaker 4: feel like this is this is the opportunity, this is

1204
01:02:05,400 --> 01:02:06,360
Speaker 4: this is it, this is it.

1205
01:02:06,880 --> 01:02:09,120
Speaker 5: But there's always going to be opportunities. It's not going

1206
01:02:09,160 --> 01:02:10,360
Speaker 5: to be the last opportunity.

1207
01:02:10,920 --> 01:02:14,360
Speaker 4: So yeah, I would say focus more on, you know,

1208
01:02:14,400 --> 01:02:15,920
Speaker 4: if you want to start a business or get a

1209
01:02:15,960 --> 01:02:18,680
Speaker 4: side hustle, or just find ways to just generate more income.

1210
01:02:20,240 --> 01:02:23,080
Speaker 4: That way, when the next opportunity comes, you'll have you'll

1211
01:02:23,120 --> 01:02:25,560
Speaker 4: have more disposable money that you can put at it.

1212
01:02:26,880 --> 01:02:29,840
Speaker 2: Okay, I take that, take this, Yeah, I appreciate you.

1213
01:02:33,800 --> 01:02:36,479
Speaker 2: All right, love bro. All right, seeing we are coming

1214
01:02:36,520 --> 01:02:39,000
Speaker 2: to you, I mute yourself. You have been immuted city.

1215
01:02:39,120 --> 01:02:40,400
Speaker 2: What's going on? Yes?

1216
01:02:40,520 --> 01:02:43,560
Speaker 12: Hi, I have a quick question. So I was day

1217
01:02:43,600 --> 01:02:46,680
Speaker 12: trading and also doing a little scalping, but I got

1218
01:02:46,760 --> 01:02:49,920
Speaker 12: discouraged because I lost like ten thousand dollars, so my

1219
01:02:49,960 --> 01:02:52,640
Speaker 12: account went down. But I think my problem was I

1220
01:02:52,760 --> 01:02:57,000
Speaker 12: was actually using the Think or Swim platform. But I

1221
01:02:57,200 --> 01:03:00,320
Speaker 12: know that some people use active Traders, So I was

1222
01:03:00,360 --> 01:03:02,360
Speaker 12: gonna ask Chris, what do you use when you're scalping?

1223
01:03:02,760 --> 01:03:02,920
Speaker 5: Yeah?

1224
01:03:03,000 --> 01:03:05,400
Speaker 3: So actually, yeah, active trader is actually pretty good on

1225
01:03:05,600 --> 01:03:09,040
Speaker 3: on on think or Swim. Uh, the fills are okay

1226
01:03:09,200 --> 01:03:11,560
Speaker 3: when it comes to Think or Swim, they've been buggy

1227
01:03:11,600 --> 01:03:12,480
Speaker 3: the last two years.

1228
01:03:13,120 --> 01:03:13,240
Speaker 6: Uh.

1229
01:03:13,360 --> 01:03:15,120
Speaker 3: If you're using an active trader and you set it up,

1230
01:03:15,120 --> 01:03:17,680
Speaker 3: actually I'll put a link in the chat so you

1231
01:03:17,720 --> 01:03:20,400
Speaker 3: can actually have it with with active trader, you should

1232
01:03:20,440 --> 01:03:22,320
Speaker 3: be in and out in less than two seconds.

1233
01:03:22,520 --> 01:03:22,640
Speaker 9: Now.

1234
01:03:22,840 --> 01:03:24,960
Speaker 12: So what else is there out there apart from active Traders?

1235
01:03:25,120 --> 01:03:25,919
Speaker 12: Is there something else?

1236
01:03:26,200 --> 01:03:28,040
Speaker 3: Yeah? Yeah, there is if you want to take it

1237
01:03:28,120 --> 01:03:30,320
Speaker 3: up a Notch. You could definitely create an account with

1238
01:03:30,400 --> 01:03:34,680
Speaker 3: Interactive Brokers. Interactive Brokers is a very professional platform. That's

1239
01:03:34,720 --> 01:03:37,280
Speaker 3: where all the big scalpers definitely go in and they

1240
01:03:37,360 --> 01:03:40,000
Speaker 3: trade at And on top of that, I would highly

1241
01:03:40,080 --> 01:03:43,720
Speaker 3: recommend the stream deck. So stream deck is another device

1242
01:03:43,800 --> 01:03:47,640
Speaker 3: that you attached to your PC via USB and that

1243
01:03:47,840 --> 01:03:51,120
Speaker 3: one with one button, you're instantly out. And in my opinion,

1244
01:03:51,320 --> 01:03:53,960
Speaker 3: Interactive Brokers they have the best fills out of all

1245
01:03:54,000 --> 01:03:54,560
Speaker 3: the platforms.

1246
01:03:55,240 --> 01:03:57,080
Speaker 12: How do I guess on the stream deck?

1247
01:03:57,480 --> 01:03:58,960
Speaker 2: What is so? Yep?

1248
01:03:59,040 --> 01:04:01,320
Speaker 3: So the stream deck is on Amazon. You want to

1249
01:04:01,400 --> 01:04:03,840
Speaker 3: get the Elgado stream Deck?

1250
01:04:05,120 --> 01:04:05,440
Speaker 12: Got it?

1251
01:04:05,760 --> 01:04:05,960
Speaker 9: Yep?

1252
01:04:06,400 --> 01:04:08,520
Speaker 12: And is that different from the Interactive Brokers.

1253
01:04:08,560 --> 01:04:12,080
Speaker 3: So that one actually integrates with Interactive Brokers because you

1254
01:04:12,120 --> 01:04:15,640
Speaker 3: can actually set up hockeys with stream Deck and Interactive

1255
01:04:15,680 --> 01:04:17,560
Speaker 3: Brokers where you buy something, you know, let's say you

1256
01:04:17,640 --> 01:04:20,200
Speaker 3: buy ten contracts, you sell ten contracts and your in

1257
01:04:20,280 --> 01:04:21,760
Speaker 3: and out in less than a second.

1258
01:04:22,200 --> 01:04:24,000
Speaker 12: Okay, thank you yep.

1259
01:04:24,080 --> 01:04:26,520
Speaker 3: And just to add some more confidence of why Interactive

1260
01:04:26,520 --> 01:04:29,400
Speaker 3: Brokers is better than TD is because they actually work

1261
01:04:29,480 --> 01:04:32,560
Speaker 3: with more exchanges than what TD Emergency works with. So

1262
01:04:32,640 --> 01:04:35,120
Speaker 3: I definitely recommend them if you really want to become professional,

1263
01:04:35,360 --> 01:04:38,960
Speaker 3: and especially as a as a scalper, every second counts, right,

1264
01:04:39,040 --> 01:04:41,480
Speaker 3: so every bit of money definitely counts, And that's the

1265
01:04:41,520 --> 01:04:43,160
Speaker 3: one that I definitely recommend Chris.

1266
01:04:43,000 --> 01:04:44,800
Speaker 2: Real quick for the people that are listening, especially on

1267
01:04:44,880 --> 01:04:47,240
Speaker 2: a tube. I know some of the EYL University earners,

1268
01:04:47,360 --> 01:04:49,280
Speaker 2: they're familiar with the terms. But can you just tell

1269
01:04:49,320 --> 01:04:52,520
Speaker 2: the difference between a scalper, day trader and a swing trader.

1270
01:04:52,720 --> 01:04:55,160
Speaker 3: Yep, So a scalper somebody that's in a trade for

1271
01:04:55,280 --> 01:04:58,520
Speaker 3: less than eight minutes. Me I go in heavy ten

1272
01:04:58,640 --> 01:05:01,280
Speaker 3: twenty forty k into a train and I'm out in

1273
01:05:01,440 --> 01:05:04,360
Speaker 3: less than five minutes. A day trader is somebody who

1274
01:05:04,480 --> 01:05:07,160
Speaker 3: opens up a position, let's say at ten o'clock, and

1275
01:05:07,360 --> 01:05:10,360
Speaker 3: they may close that position at two pm. So a

1276
01:05:10,480 --> 01:05:14,360
Speaker 3: day trader they open and close a position within the

1277
01:05:14,520 --> 01:05:18,040
Speaker 3: same day. A swing trader is somebody that holds a

1278
01:05:18,160 --> 01:05:20,880
Speaker 3: position overnight. Maybe overnight or if not a couple of weeks,

1279
01:05:21,160 --> 01:05:22,600
Speaker 3: or if not a couple months, or if not a

1280
01:05:22,640 --> 01:05:25,000
Speaker 3: couple of years. That's a difference between the three different

1281
01:05:25,000 --> 01:05:25,560
Speaker 3: type of traders.

1282
01:05:25,920 --> 01:05:29,880
Speaker 2: Perfect, perfect, Javonte. We are coming to you. Mute yourself.

1283
01:05:29,960 --> 01:05:33,800
Speaker 2: You have been unmuted. You're talking is permitted. What's going on, Javonte?

1284
01:05:37,080 --> 01:05:38,000
Speaker 2: How you doing that?

1285
01:05:40,400 --> 01:05:41,160
Speaker 5: What's up? What's up?

1286
01:05:41,200 --> 01:05:45,120
Speaker 2: What's going on? Man? Mister?

1287
01:05:46,600 --> 01:05:48,920
Speaker 3: My question is to you, Troy. You shout it out

1288
01:05:48,960 --> 01:05:54,480
Speaker 3: your portfolio on market Monday or something. I can't remember

1289
01:05:54,520 --> 01:05:58,000
Speaker 3: what week it was, but on healthcare stocks, are you

1290
01:05:58,040 --> 01:05:59,840
Speaker 3: looking at healthcare?

1291
01:06:00,920 --> 01:06:01,080
Speaker 9: Yeah?

1292
01:06:01,640 --> 01:06:04,040
Speaker 2: The only the only stock that I had, and I

1293
01:06:04,080 --> 01:06:08,240
Speaker 2: guess within the healthcare industry was Striker, just because I've

1294
01:06:08,280 --> 01:06:12,840
Speaker 2: had personal conversations with Ian about Striker, so I haven't

1295
01:06:13,480 --> 01:06:15,280
Speaker 2: I have it on my watch list to invest in.

1296
01:06:15,800 --> 01:06:17,640
Speaker 2: I just want to pick the right point. That's the

1297
01:06:17,720 --> 01:06:21,800
Speaker 2: only one that I'm looking at right now. Okay, okay, okay,

1298
01:06:21,840 --> 01:06:26,120
Speaker 2: we're on the same type of vibe. Good Man, good Man,

1299
01:06:27,280 --> 01:06:29,560
Speaker 2: I have a good night. Man. I appreciate you.

1300
01:06:30,080 --> 01:06:32,240
Speaker 3: Just one comment there. When it comes to if you

1301
01:06:32,280 --> 01:06:34,040
Speaker 3: want to look into new stocks that are going to

1302
01:06:34,080 --> 01:06:36,880
Speaker 3: be primed for the next five ten years, highly recommend

1303
01:06:36,960 --> 01:06:41,160
Speaker 3: to look at software. Cybersecurity is definitely hot, and cybersecurity

1304
01:06:41,240 --> 01:06:44,160
Speaker 3: more than ever is important right now. So Palo Alto

1305
01:06:44,720 --> 01:06:47,280
Speaker 3: CrowdStrike is definitely hot right now. So I'll also look

1306
01:06:47,320 --> 01:06:49,400
Speaker 3: at companies that shut you know that definitely do AI

1307
01:06:49,520 --> 01:06:49,880
Speaker 3: as well.

1308
01:06:50,080 --> 01:06:52,120
Speaker 2: So, Chris, I was I thought you was gonna give

1309
01:06:52,120 --> 01:06:54,280
Speaker 2: them the top three. We actually spoke about my top three,

1310
01:06:54,280 --> 01:06:57,000
Speaker 2: I think maybe two weeks ago. So Alto was definitely

1311
01:06:57,080 --> 01:06:59,320
Speaker 2: one of them, CrowdStrike was the other, and z Scaler

1312
01:06:59,400 --> 01:07:03,320
Speaker 2: was my yep, yep, yep, you agree, yep, yeah, yeah,

1313
01:07:03,360 --> 01:07:05,800
Speaker 2: yeah for sure. All right, Well, we are coming to you.

1314
01:07:06,720 --> 01:07:11,640
Speaker 2: Hold on, he can't well, they said you gotta update

1315
01:07:11,680 --> 01:07:14,080
Speaker 2: your zoom. I'm sorry. My brother Zoom has told me

1316
01:07:14,640 --> 01:07:17,400
Speaker 2: you gotta get an updated version from my apologies. Well,

1317
01:07:17,680 --> 01:07:20,040
Speaker 2: a mayor, we are coming to you on mute yourself.

1318
01:07:20,080 --> 01:07:21,440
Speaker 2: You've been unmuted. What's going on?

1319
01:07:23,960 --> 01:07:27,919
Speaker 3: Yeah, hello, we hear you. What up though?

1320
01:07:29,280 --> 01:07:29,720
Speaker 5: Detroit?

1321
01:07:30,280 --> 01:07:30,600
Speaker 2: What up?

1322
01:07:31,160 --> 01:07:34,240
Speaker 3: Detroit? Yeah, Detroit, Detroit?

1323
01:07:34,360 --> 01:07:38,080
Speaker 2: You know you know. Also, I got a.

1324
01:07:38,120 --> 01:07:42,360
Speaker 13: Quick question, So, Troy, I believe it was last this Monday,

1325
01:07:42,400 --> 01:07:45,200
Speaker 13: past Monday, you were talking about going to Yahoo Finance.

1326
01:07:45,520 --> 01:07:47,120
Speaker 2: And looking at the statistics.

1327
01:07:47,680 --> 01:07:50,520
Speaker 13: Yo, the one stock in my porfolio that's bled down

1328
01:07:50,560 --> 01:07:53,640
Speaker 13: the most is a Square. And as I'm looking at

1329
01:07:53,720 --> 01:07:56,840
Speaker 13: their statistics, their revenue is down.

1330
01:07:58,760 --> 01:08:00,440
Speaker 2: Well, let me I read it right now.

1331
01:08:00,520 --> 01:08:05,640
Speaker 13: Yeah, it says, yeah, They're quarterly revenue is at negative

1332
01:08:05,680 --> 01:08:09,280
Speaker 13: twenty one. The mark profitability margin is at negative point

1333
01:08:09,360 --> 01:08:14,320
Speaker 13: forty six and I forgot and their net income is

1334
01:08:14,760 --> 01:08:17,400
Speaker 13: negative seventy six point ninety two million. And this is

1335
01:08:17,439 --> 01:08:20,400
Speaker 13: the one that's bled down the most and profolio at

1336
01:08:20,400 --> 01:08:22,479
Speaker 13: all the stocks I have. Is it a time for

1337
01:08:22,600 --> 01:08:24,920
Speaker 13: me to, you know, just cut the loss that I've

1338
01:08:25,040 --> 01:08:25,880
Speaker 13: let it go down.

1339
01:08:25,840 --> 01:08:28,040
Speaker 3: Like sixty percent? Or should I still hold it for

1340
01:08:28,200 --> 01:08:28,840
Speaker 3: the long term?

1341
01:08:30,040 --> 01:08:31,080
Speaker 2: You have stopped in it?

1342
01:08:32,120 --> 01:08:32,320
Speaker 5: Yeah?

1343
01:08:32,600 --> 01:08:36,400
Speaker 2: Start Yeah, Like we've said this before. I think we

1344
01:08:36,439 --> 01:08:38,800
Speaker 2: covered this last week as far as Square the whole

1345
01:08:38,880 --> 01:08:41,120
Speaker 2: industry right that the whole industry has taken a hit

1346
01:08:42,280 --> 01:08:46,200
Speaker 2: when we talk about fintech. Do I believe in Square still? Yeah?

1347
01:08:46,479 --> 01:08:49,040
Speaker 2: Do I like it at the price? I mean almost

1348
01:08:49,080 --> 01:08:50,680
Speaker 2: we have lost no choice at this point to like

1349
01:08:50,720 --> 01:08:52,840
Speaker 2: it at the price that is sat. Do we believe

1350
01:08:52,880 --> 01:08:56,680
Speaker 2: it in long term? I do? I still like it

1351
01:08:57,160 --> 01:09:01,360
Speaker 2: from payment processing. I think they have viability to be

1352
01:09:02,280 --> 01:09:04,479
Speaker 2: around for a while as one of the top two

1353
01:09:04,520 --> 01:09:07,800
Speaker 2: in that space. But yeah, we've taken a hit, So

1354
01:09:08,400 --> 01:09:10,880
Speaker 2: I'm holding on. I'm with you on that. I've lost

1355
01:09:10,960 --> 01:09:15,679
Speaker 2: money on that. I've averaged down probably more than twice already,

1356
01:09:16,080 --> 01:09:17,880
Speaker 2: so I'm not willing to do anything more than that.

1357
01:09:18,040 --> 01:09:19,680
Speaker 2: But you know, I'm holding on.

1358
01:09:21,560 --> 01:09:23,560
Speaker 13: Yeah, I think my average pricingding right now is like

1359
01:09:24,439 --> 01:09:27,400
Speaker 13: one eighty I believe you know when it was up

1360
01:09:27,439 --> 01:09:30,080
Speaker 13: in the two seventies, I was, but now it's like hey.

1361
01:09:31,040 --> 01:09:35,440
Speaker 2: Yeah, yeah, square is one of those yeah square.

1362
01:09:36,840 --> 01:09:37,200
Speaker 5: Square.

1363
01:09:39,600 --> 01:09:41,760
Speaker 2: So I'm with you, bro, I'm with you on this.

1364
01:09:41,880 --> 01:09:44,240
Speaker 2: But yeah, you know, my mom, if you watch market Monday,

1365
01:09:44,320 --> 01:09:46,120
Speaker 2: is it Obviously if you've been at y L University,

1366
01:09:46,200 --> 01:09:48,560
Speaker 2: you know the market pays those of a patient. And

1367
01:09:48,640 --> 01:09:51,240
Speaker 2: so I'm gonna I'm gonna be patient. I'm gonna lean

1368
01:09:51,280 --> 01:09:57,240
Speaker 2: on the side of patients, all right. Appreciate man.

1369
01:09:57,479 --> 01:09:59,280
Speaker 13: I'm gonna tell I'm gonna try to hold on a

1370
01:09:59,320 --> 01:10:00,160
Speaker 13: bit longer than man.

1371
01:10:01,439 --> 01:10:03,200
Speaker 2: When we when we, when we, when we pull up

1372
01:10:03,240 --> 01:10:07,000
Speaker 2: on the trail, you got to pull up on me, man. Yeah,

1373
01:10:07,040 --> 01:10:08,800
Speaker 2: we'll have a drink together and talk about how far

1374
01:10:08,920 --> 01:10:16,840
Speaker 2: we come. Appreciate you, broh Jay j Moe. We're coming

1375
01:10:16,880 --> 01:10:20,920
Speaker 2: to you. I'm mute yourself. You've been unmuted. What's going on? Peace? Peace? Family?

1376
01:10:20,960 --> 01:10:22,360
Speaker 2: What's going on? Everything?

1377
01:10:22,439 --> 01:10:22,559
Speaker 10: Good?

1378
01:10:22,600 --> 01:10:24,360
Speaker 2: How are you? I'm good man.

1379
01:10:25,720 --> 01:10:30,640
Speaker 11: I have a question for all of the newbies, that is,

1380
01:10:30,960 --> 01:10:33,840
Speaker 11: you know, trying to do the options trading. I've been

1381
01:10:34,080 --> 01:10:37,160
Speaker 11: you know, looking at this for a while. When you

1382
01:10:37,400 --> 01:10:40,960
Speaker 11: talk about getting into the strike price when and taking

1383
01:10:41,080 --> 01:10:44,160
Speaker 11: profits and stuff like that, how do you actually get

1384
01:10:44,240 --> 01:10:45,120
Speaker 11: out of the trade?

1385
01:10:47,320 --> 01:10:48,920
Speaker 2: Does that make sense? Out?

1386
01:10:49,000 --> 01:10:49,040
Speaker 9: Like?

1387
01:10:49,479 --> 01:10:51,240
Speaker 5: How do you sell? Yeah?

1388
01:10:51,600 --> 01:10:54,639
Speaker 11: Like like I guess, you know, say if the if

1389
01:10:54,920 --> 01:11:01,240
Speaker 11: I get in at strike and I guess it and

1390
01:11:01,360 --> 01:11:03,360
Speaker 11: it looks like it's going to close because of course

1391
01:11:03,680 --> 01:11:08,160
Speaker 11: if you get the options contracts out three weeks, uh

1392
01:11:09,160 --> 01:11:12,880
Speaker 11: out right? And then how because I'm trying to understand

1393
01:11:13,120 --> 01:11:16,120
Speaker 11: how it works to where of course you're working against

1394
01:11:16,160 --> 01:11:19,000
Speaker 11: the data, you're working against the time, but you're also

1395
01:11:19,160 --> 01:11:21,200
Speaker 11: trying to uh.

1396
01:11:22,800 --> 01:11:26,439
Speaker 2: With the stock price goal try to stay the same.

1397
01:11:28,000 --> 01:11:29,360
Speaker 2: So are you going to make it? Are you making

1398
01:11:29,400 --> 01:11:33,200
Speaker 2: a call or a put? Either one? So how do

1399
01:11:33,240 --> 01:11:36,240
Speaker 2: you got Well? I mean, when you want to get out,

1400
01:11:36,280 --> 01:11:40,560
Speaker 2: you're going to go to the actual option contract that

1401
01:11:40,680 --> 01:11:43,200
Speaker 2: you have. They're going to ask you if you you

1402
01:11:43,280 --> 01:11:45,160
Speaker 2: can choose the option you can sell and they'll tell

1403
01:11:45,160 --> 01:11:47,320
Speaker 2: you to ask you how much and it will ask

1404
01:11:47,360 --> 01:11:49,439
Speaker 2: you like sell the clothes, sell the open I would

1405
01:11:49,479 --> 01:11:51,840
Speaker 2: obviously put sell the clothes and pretty and you just

1406
01:11:51,880 --> 01:11:53,760
Speaker 2: click that button. If you're in profit you click the

1407
01:11:53,800 --> 01:11:58,960
Speaker 2: button and it should happen instantaneously. The only time it

1408
01:11:59,040 --> 01:12:01,000
Speaker 2: doesn't is like when we see things like how the

1409
01:12:01,080 --> 01:12:03,719
Speaker 2: game stop situation. And that's some people need to understand.

1410
01:12:03,760 --> 01:12:07,280
Speaker 2: When you're buying option contracts, when you're buying them, right,

1411
01:12:07,360 --> 01:12:10,679
Speaker 2: you're buying them from someone right, and when you're selling them, somebody,

1412
01:12:11,120 --> 01:12:12,800
Speaker 2: the brokerage has to buy it, and so it has

1413
01:12:12,880 --> 01:12:15,200
Speaker 2: to make sense. And so like when we saw a

1414
01:12:15,320 --> 01:12:17,680
Speaker 2: GameStop when people are up thirty forty thousand dollars and

1415
01:12:17,720 --> 01:12:20,280
Speaker 2: they couldn't sell it, it's because the brokerage could not

1416
01:12:20,439 --> 01:12:24,120
Speaker 2: fulfill that many contracts being sold for that amount. And

1417
01:12:24,240 --> 01:12:27,880
Speaker 2: so yeah, I mean it's it's pretty like like a

1418
01:12:27,920 --> 01:12:30,640
Speaker 2: one to two step sell the clothes, click it, make

1419
01:12:30,720 --> 01:12:33,320
Speaker 2: sure that you put it at the market, because when

1420
01:12:33,320 --> 01:12:34,679
Speaker 2: you're selling, you want to have it at the market.

1421
01:12:34,720 --> 01:12:37,320
Speaker 2: When you're buying, always suggests people put the limit and

1422
01:12:37,400 --> 01:12:39,640
Speaker 2: tell that's the price you want to buy it, buy it.

1423
01:12:39,880 --> 01:12:44,040
Speaker 11: But yeah, yeah, okay, okay, Because I was like, because

1424
01:12:44,080 --> 01:12:46,360
Speaker 11: I remember like a couple of days ago, I think

1425
01:12:46,400 --> 01:12:48,200
Speaker 11: when sea I was talking about how he got.

1426
01:12:50,120 --> 01:12:53,400
Speaker 2: Out of his Apple options.

1427
01:12:53,600 --> 01:12:55,400
Speaker 11: And I was one I was like, how does he

1428
01:12:55,600 --> 01:12:57,439
Speaker 11: know how to do that, you know, like how to

1429
01:12:57,920 --> 01:13:00,880
Speaker 11: I guess when the price off to drop, you're able

1430
01:13:00,920 --> 01:13:03,200
Speaker 11: to see that it's not going to hit its target,

1431
01:13:03,600 --> 01:13:07,080
Speaker 11: but you're already in a certain amount of profit, and

1432
01:13:07,160 --> 01:13:08,680
Speaker 11: you could just say, Okay, I'm going to close out

1433
01:13:08,760 --> 01:13:09,000
Speaker 11: right here.

1434
01:13:09,479 --> 01:13:09,679
Speaker 2: Yeah.

1435
01:13:09,680 --> 01:13:11,920
Speaker 4: I mean, it's whatever your risk tolerance is. And it's

1436
01:13:12,000 --> 01:13:15,560
Speaker 4: like there's really no set like rule of like this

1437
01:13:15,760 --> 01:13:18,080
Speaker 4: is when you have to sell. It's like, you know,

1438
01:13:18,439 --> 01:13:20,320
Speaker 4: just the reason why I sold a lot of my

1439
01:13:20,439 --> 01:13:23,160
Speaker 4: options about a month and a half ago is just

1440
01:13:23,800 --> 01:13:26,360
Speaker 4: I just had a strong feeling that, you know, we

1441
01:13:26,479 --> 01:13:29,599
Speaker 4: were headed in a downward cycle and I didn't want

1442
01:13:29,600 --> 01:13:33,320
Speaker 4: to lose money. I mean, I was up, I had

1443
01:13:33,360 --> 01:13:35,719
Speaker 4: already lost some money from what I was up previously,

1444
01:13:36,360 --> 01:13:39,240
Speaker 4: and I just made a calculated decision that I felt

1445
01:13:39,600 --> 01:13:44,360
Speaker 4: the market was headed south. And luckily I did do

1446
01:13:44,479 --> 01:13:46,960
Speaker 4: that because it saved me a lot of money. Yeah,

1447
01:13:47,120 --> 01:13:49,200
Speaker 4: but you know, it's one of these things where it's like,

1448
01:13:49,320 --> 01:13:50,840
Speaker 4: you know, you could be up twenty percent, you could

1449
01:13:50,840 --> 01:13:52,519
Speaker 4: be up fifty percent, you could be up one hundred percent.

1450
01:13:53,479 --> 01:13:55,960
Speaker 4: So it really just depends on what you feel comfortable

1451
01:13:56,560 --> 01:13:59,000
Speaker 4: walking away with. As Chris said, you can never lose

1452
01:13:59,080 --> 01:14:03,040
Speaker 4: by taking profit, and you can't be greedy. Sometimes we

1453
01:14:03,120 --> 01:14:05,439
Speaker 4: get greedy and we're up like thirty percent. We're like,

1454
01:14:05,479 --> 01:14:06,840
Speaker 4: all right, if I let it ride, I can be

1455
01:14:06,960 --> 01:14:08,559
Speaker 4: up one hundred percent. Then you go up one hundred

1456
01:14:08,560 --> 01:14:09,760
Speaker 4: percent like a r. If I let it ride, I

1457
01:14:09,800 --> 01:14:12,360
Speaker 4: can go up a thousand percent. But yeah, you can

1458
01:14:12,439 --> 01:14:14,400
Speaker 4: lose money very quickly in option. So you could be

1459
01:14:14,520 --> 01:14:17,040
Speaker 4: up eighty percent one day and then a week later

1460
01:14:17,080 --> 01:14:18,200
Speaker 4: you down twenty percent.

1461
01:14:18,760 --> 01:14:22,000
Speaker 11: So you know that's more so what I was looking for,

1462
01:14:22,320 --> 01:14:27,400
Speaker 11: like that answer. Yeah, okay, I get it now, okay, yeah, yeah, okay,

1463
01:14:27,479 --> 01:14:30,439
Speaker 11: I appreciate it. Other question, one more question is what's

1464
01:14:30,520 --> 01:14:36,480
Speaker 11: going on with the chips? Y'all your wraps next coming out? Well, flavors,

1465
01:14:37,000 --> 01:14:39,360
Speaker 11: we're getting flavors chips.

1466
01:14:39,479 --> 01:14:42,000
Speaker 2: Yeah, I'm looking at the raps next right now.

1467
01:14:42,479 --> 01:14:43,200
Speaker 5: It was good.

1468
01:14:44,840 --> 01:14:48,280
Speaker 2: Yeah. Yeah, we're talking to some people, some very important people.

1469
01:14:48,320 --> 01:14:49,920
Speaker 2: So hopefully those are hit the streets and then we'll

1470
01:14:49,920 --> 01:14:51,479
Speaker 2: put them inside out of in the machines as well.

1471
01:14:51,520 --> 01:14:53,559
Speaker 5: So very important.

1472
01:14:53,600 --> 01:14:56,080
Speaker 2: Then it's on top of business. Appreciate you, very important,

1473
01:14:56,360 --> 01:14:59,680
Speaker 2: No problem. Thanks. More questions, Yeah, I think somebody in

1474
01:14:59,760 --> 01:15:02,760
Speaker 2: the chair asks why do I put the limit when

1475
01:15:02,800 --> 01:15:04,439
Speaker 2: I'm buying, and we kind of explained it like this.

1476
01:15:04,600 --> 01:15:07,600
Speaker 2: If you think of options as a car dealership, right,

1477
01:15:07,960 --> 01:15:10,080
Speaker 2: the ask price is what the sticker price is on

1478
01:15:10,160 --> 01:15:12,200
Speaker 2: the car. When you go into the dealership. You don't

1479
01:15:12,200 --> 01:15:13,599
Speaker 2: want to pay the sticker price. You want to pay

1480
01:15:13,600 --> 01:15:15,640
Speaker 2: the price that you've walked in saying like this is

1481
01:15:15,680 --> 01:15:17,880
Speaker 2: how much I'm going to pay for this car. And

1482
01:15:17,960 --> 01:15:19,600
Speaker 2: so that's what the limit price is. You set the

1483
01:15:19,680 --> 01:15:23,000
Speaker 2: limit at what you're willing to pay for this option contract.

1484
01:15:23,080 --> 01:15:25,719
Speaker 2: And so sometimes it feels but you got to be patient.

1485
01:15:25,800 --> 01:15:27,920
Speaker 2: Sometimes it doesn't. But you got to be patient enough

1486
01:15:27,960 --> 01:15:30,000
Speaker 2: to say, you know what, this is my plan. This

1487
01:15:30,160 --> 01:15:33,040
Speaker 2: is my number. I'm not budging off this number. So

1488
01:15:33,240 --> 01:15:35,280
Speaker 2: keep those things in mind. And then when you're selling it,

1489
01:15:35,320 --> 01:15:37,000
Speaker 2: obviously you want to put the market price. It's going

1490
01:15:37,040 --> 01:15:38,640
Speaker 2: to be the highest price available.

1491
01:15:39,720 --> 01:15:43,759
Speaker 5: Yeah, taking a profit is better and taking a loss.

1492
01:15:43,920 --> 01:15:46,560
Speaker 2: I've seen it happen. I've been up one hundred and

1493
01:15:47,680 --> 01:15:50,760
Speaker 2: down ninety seven. It happens. Taking a profit is better

1494
01:15:50,760 --> 01:15:54,639
Speaker 2: than We don't all win every trade. All right, let's

1495
01:15:54,680 --> 01:15:59,479
Speaker 2: go to Kevin. Kevin. We come to you, Kevin Henry,

1496
01:15:59,520 --> 01:16:03,040
Speaker 2: what's going on. I'm mute yourself. You've been unmuted. There

1497
01:16:03,080 --> 01:16:05,080
Speaker 2: are no fridge breaks. Y'all know the rules and I

1498
01:16:05,200 --> 01:16:10,160
Speaker 2: haven't said guidelines, but gotlines. How y'all doing everybody good?

1499
01:16:10,280 --> 01:16:14,200
Speaker 2: How you doing my first time? You know, tappaningine.

1500
01:16:14,280 --> 01:16:17,559
Speaker 13: But I had a cursion for Chris about the strange

1501
01:16:17,680 --> 01:16:20,320
Speaker 13: day I would want to do it matter about the buttons.

1502
01:16:20,400 --> 01:16:23,840
Speaker 13: I seen one for six buttons, sixteen button, twenty one button.

1503
01:16:25,439 --> 01:16:27,360
Speaker 3: I think with six buns should definitely be okay. At

1504
01:16:27,360 --> 01:16:29,479
Speaker 3: the end of the day, it's all about your how

1505
01:16:29,560 --> 01:16:31,519
Speaker 3: much like how many contracts you actually buy? So me,

1506
01:16:31,640 --> 01:16:34,160
Speaker 3: I buy ten to fifty contracts at a time, so

1507
01:16:34,280 --> 01:16:37,479
Speaker 3: I set it based off those parameters. If you don't

1508
01:16:37,840 --> 01:16:41,840
Speaker 3: trade heavy like that, and you don't have like a

1509
01:16:42,080 --> 01:16:44,880
Speaker 3: very you know, entry and excess strategy, then I would

1510
01:16:44,920 --> 01:16:47,479
Speaker 3: say just get the six button. That should definitely suffice

1511
01:16:48,160 --> 01:16:51,840
Speaker 3: you're trading all right? Thank you, thank you anything.

1512
01:16:51,600 --> 01:16:55,640
Speaker 2: Where where you're from, man, I'm from mim I'm from Hannesbury, Mississippi.

1513
01:16:55,720 --> 01:16:58,560
Speaker 2: But I'm living in mything right now. I love that

1514
01:17:00,040 --> 01:17:04,400
Speaker 2: outside New all hundred mile outside you have it deep

1515
01:17:04,439 --> 01:17:04,920
Speaker 2: in the South.

1516
01:17:05,960 --> 01:17:08,040
Speaker 3: Yeah, appreciate it. Man.

1517
01:17:09,640 --> 01:17:11,960
Speaker 2: Hey, I'm gonna see y'all that events this year too.

1518
01:17:12,080 --> 01:17:14,439
Speaker 2: I'm told my wife I'm coming all were going up.

1519
01:17:14,840 --> 01:17:17,800
Speaker 2: I'm looking, cav I'm looking for you. We're going way up. Man,

1520
01:17:17,880 --> 01:17:19,720
Speaker 2: I'm gonna make sure you found you see me too,

1521
01:17:20,000 --> 01:17:25,360
Speaker 2: were going way up. I can oh, don't don't please,

1522
01:17:25,400 --> 01:17:28,320
Speaker 2: don't appreciate you. Thank you.

1523
01:17:28,840 --> 01:17:31,599
Speaker 4: Appreciate it. Brother, that's fast. Get your tickets. It's gonna

1524
01:17:31,600 --> 01:17:34,960
Speaker 4: be a move v V. I'm telling you right now,

1525
01:17:36,160 --> 01:17:36,840
Speaker 4: movie and a half.

1526
01:17:39,360 --> 01:17:41,280
Speaker 2: How we feeling? We feeling good? Christy feeling got over there,

1527
01:17:42,400 --> 01:17:45,000
Speaker 2: feeling great. Let's get it all right. Let's go to Janelle. Jane.

1528
01:17:45,160 --> 01:17:47,439
Speaker 2: We are coming to you? Or is it Janelle? I

1529
01:17:47,520 --> 01:17:51,240
Speaker 2: think so? If I got that wrong, I apologize. You know,

1530
01:17:51,560 --> 01:17:55,479
Speaker 2: I'm yourself. You've been unmuted. Would you go? There?

1531
01:17:55,520 --> 01:17:55,680
Speaker 11: You go?

1532
01:18:00,600 --> 01:18:02,160
Speaker 2: They had it for me, They said, I didn't know

1533
01:18:02,200 --> 01:18:05,320
Speaker 2: he's gonna call on me. Hey, can you hear me?

1534
01:18:06,000 --> 01:18:06,120
Speaker 9: Oh?

1535
01:18:06,240 --> 01:18:08,400
Speaker 2: Joe, what's going on you? Finally? Yeah? What's going on? Joe?

1536
01:18:10,280 --> 01:18:11,120
Speaker 5: Not much?

1537
01:18:11,160 --> 01:18:13,599
Speaker 14: Actually I didn't know you picked on me, to be honest,

1538
01:18:14,000 --> 01:18:15,479
Speaker 14: because I heard a different Joe name.

1539
01:18:15,640 --> 01:18:18,640
Speaker 2: But it's all good, Joe, Joe. Ay, what's the deal man?

1540
01:18:20,200 --> 01:18:20,840
Speaker 5: Much? Nothing? Much?

1541
01:18:21,080 --> 01:18:22,880
Speaker 14: I was actually just I'm Chris, I met you a

1542
01:18:22,920 --> 01:18:23,280
Speaker 14: few times.

1543
01:18:23,320 --> 01:18:24,280
Speaker 2: I met you in Miami.

1544
01:18:25,080 --> 01:18:25,519
Speaker 3: Good to see you.

1545
01:18:25,520 --> 01:18:29,559
Speaker 14: I'm glad all was like and good to finally get

1546
01:18:29,600 --> 01:18:34,519
Speaker 14: in contact with the main stairs from Eyl troyan rastadt

1547
01:18:34,600 --> 01:18:37,320
Speaker 14: so blessings and love to y'all. I'll get right to

1548
01:18:37,400 --> 01:18:41,160
Speaker 14: the question though, I just want to know for Chris,

1549
01:18:41,800 --> 01:18:43,320
Speaker 14: I know you were like always big on crypto.

1550
01:18:43,400 --> 01:18:45,240
Speaker 3: That was some of the advice you provided. You were like, hey,

1551
01:18:45,280 --> 01:18:47,240
Speaker 3: you know, cryptos doing his thing.

1552
01:18:47,400 --> 01:18:49,840
Speaker 14: But since you know the recent little mishaps, is there

1553
01:18:49,880 --> 01:18:53,120
Speaker 14: any like redirection you have towards like your interest, any

1554
01:18:53,160 --> 01:18:56,840
Speaker 14: new interest placed on certain cryptos or are you now

1555
01:18:57,000 --> 01:18:58,960
Speaker 14: disinterested in certain cryptos things of that nature.

1556
01:18:59,600 --> 01:19:02,000
Speaker 3: You definitely want to keep investing in bigcoin. Bitcoin is

1557
01:19:02,040 --> 01:19:04,439
Speaker 3: like the head honcho when it comes to cryptos. I'm

1558
01:19:04,479 --> 01:19:09,400
Speaker 3: big on Solana. I mean, it's not a secret that

1559
01:19:09,479 --> 01:19:12,559
Speaker 3: the banks black rocks these different hetchphones. They are definitely

1560
01:19:12,600 --> 01:19:15,200
Speaker 3: buying it up. Algrand is definitely one of my favorites.

1561
01:19:15,560 --> 01:19:17,400
Speaker 3: Polka Dot is another one of my favorites, and one

1562
01:19:17,479 --> 01:19:20,719
Speaker 3: that people never talk about is chain Link. I'm heavy

1563
01:19:20,800 --> 01:19:24,000
Speaker 3: in chain Link is actually adopted by Oracle Oracle is

1564
01:19:24,040 --> 01:19:26,400
Speaker 3: a big enterprise out there, and those are the ones

1565
01:19:26,439 --> 01:19:28,639
Speaker 3: that I'm definitely investing in and I will definitely continue

1566
01:19:28,680 --> 01:19:29,680
Speaker 3: investing in those as well.

1567
01:19:32,280 --> 01:19:33,360
Speaker 2: Gotcha, I appreciate that.

1568
01:19:34,240 --> 01:19:37,880
Speaker 15: And then just briefly a request for Troy and Rashad

1569
01:19:38,479 --> 01:19:40,240
Speaker 15: in the future, can we get a little education like

1570
01:19:40,320 --> 01:19:44,599
Speaker 15: regarding like setting aside money towards taxes when you're doing

1571
01:19:44,640 --> 01:19:47,759
Speaker 15: a day trade, because day trading as a semi profession,

1572
01:19:47,800 --> 01:19:50,479
Speaker 15: because I don't know if I've heard too much information

1573
01:19:50,520 --> 01:19:50,840
Speaker 15: about that.

1574
01:19:50,840 --> 01:19:52,760
Speaker 2: And I think that's pretty important for us to learn.

1575
01:19:52,840 --> 01:19:56,920
Speaker 2: If anything, yeah, we'll do, we'll do. Actually our CPA,

1576
01:19:56,960 --> 01:19:59,560
Speaker 2: miss Business shout to his business. She's our CPA. She

1577
01:19:59,640 --> 01:20:05,440
Speaker 2: was getting on me about about some of the exercising

1578
01:20:05,479 --> 01:20:06,920
Speaker 2: some of the contracts that I had at the end

1579
01:20:06,920 --> 01:20:09,120
Speaker 2: of the year. So that's important too. I think people

1580
01:20:09,160 --> 01:20:12,000
Speaker 2: need to put that into the investment strategy. Understanding if

1581
01:20:12,000 --> 01:20:13,320
Speaker 2: you're going to be a day trader, if you're gonna

1582
01:20:13,320 --> 01:20:15,960
Speaker 2: be a swing trader, that every trade that you make,

1583
01:20:16,040 --> 01:20:18,200
Speaker 2: if it's in profit, it will be taxed. That it's

1584
01:20:18,240 --> 01:20:21,120
Speaker 2: going to be short term capital games taxed. So make

1585
01:20:21,160 --> 01:20:24,120
Speaker 2: sure that you put that into your plans. If you're

1586
01:20:24,120 --> 01:20:25,960
Speaker 2: going to be taking that method of trading.

1587
01:20:27,320 --> 01:20:27,519
Speaker 5: Yeah.

1588
01:20:27,680 --> 01:20:31,880
Speaker 2: Also, also speaking of crypto, there was a I don't

1589
01:20:31,880 --> 01:20:33,560
Speaker 2: know everybody saw it, but you know it was in

1590
01:20:33,640 --> 01:20:37,439
Speaker 2: business inside earlier JP Morgan. It has backbitcoin to rise

1591
01:20:37,520 --> 01:20:40,960
Speaker 2: twenty eight percent and says that cryptocurrencies are now it's

1592
01:20:41,040 --> 01:20:42,759
Speaker 2: preferred alternative asset.

1593
01:20:44,240 --> 01:20:49,240
Speaker 4: Might have things changed, says a lot about the times

1594
01:20:49,280 --> 01:20:54,080
Speaker 4: that were, but yeah, I mean cryptocurrency is something that

1595
01:20:54,920 --> 01:20:56,799
Speaker 4: you know, a lot of people are new to crypto,

1596
01:20:57,000 --> 01:21:01,160
Speaker 4: but this is pretty common these markets and crypto. It's

1597
01:21:01,160 --> 01:21:04,040
Speaker 4: a lot more volatile than the stock market, and it's

1598
01:21:04,080 --> 01:21:07,800
Speaker 4: actually less volatile than the last time. When I first

1599
01:21:07,840 --> 01:21:12,080
Speaker 4: got in crypto, bitcoin had reached twenty thousand and then

1600
01:21:12,120 --> 01:21:14,920
Speaker 4: it dropped down to three as low as three thousand,

1601
01:21:15,880 --> 01:21:19,560
Speaker 4: So you know, the drop this time is bad, but

1602
01:21:19,640 --> 01:21:22,639
Speaker 4: it's nowhere near as bad as the drop last time.

1603
01:21:22,760 --> 01:21:25,280
Speaker 4: So if you in cryptocurrency, just understand that it's a

1604
01:21:25,360 --> 01:21:28,320
Speaker 4: long term play. Of course, you want to invest in

1605
01:21:28,360 --> 01:21:32,000
Speaker 4: the top cryptocurrencies, but you got to have the stomach

1606
01:21:32,080 --> 01:21:35,880
Speaker 4: for it, and you always want to buy low and

1607
01:21:36,000 --> 01:21:40,520
Speaker 4: sell high. So this is actually probably a buying opportunity

1608
01:21:40,680 --> 01:21:44,799
Speaker 4: when crypto currencies drop. Yeah, not all not all cryptos,

1609
01:21:44,800 --> 01:21:47,760
Speaker 4: because some cryptos is just not worth anything, but the

1610
01:21:47,840 --> 01:21:50,599
Speaker 4: strong ones. This might be an opportunity where you can

1611
01:21:50,640 --> 01:21:53,479
Speaker 4: actually you know, invest and then ride the next wave,

1612
01:21:53,479 --> 01:21:56,240
Speaker 4: because there will be a next wave, you know. Like

1613
01:21:56,360 --> 01:21:59,240
Speaker 4: I said, Bitcoin just got backed by JP Morgan Chase.

1614
01:21:59,320 --> 01:22:00,680
Speaker 5: So what does that tell you?

1615
01:22:01,479 --> 01:22:03,640
Speaker 3: Yeah, and just one one more thing. One thing that

1616
01:22:03,760 --> 01:22:05,760
Speaker 3: Sigmon just mentioned in the chat is that it's all

1617
01:22:05,760 --> 01:22:08,719
Speaker 3: about the use case. What's the use case behind that token?

1618
01:22:09,400 --> 01:22:11,240
Speaker 3: If it doesn't have a use case, you shouldn't be

1619
01:22:11,280 --> 01:22:14,519
Speaker 3: investing in it. The white papers is where the gold

1620
01:22:14,800 --> 01:22:17,160
Speaker 3: is at. You should definitely read the white paper, you know,

1621
01:22:17,280 --> 01:22:20,840
Speaker 3: before you actually invest into any crypto coin. So get

1622
01:22:20,880 --> 01:22:24,520
Speaker 3: the use case, understand it. How can businesses and enterprises

1623
01:22:24,600 --> 01:22:27,000
Speaker 3: actually adopted and of course you know, read the white

1624
01:22:27,040 --> 01:22:30,040
Speaker 3: papers and invest in it, right, Actually, you know, go

1625
01:22:30,240 --> 01:22:32,400
Speaker 3: to the conferences, you know, go to the webinars that

1626
01:22:32,439 --> 01:22:35,760
Speaker 3: they definitely hold, just to better understand exactly how that

1627
01:22:35,960 --> 01:22:38,760
Speaker 3: token will be used across the blockchain as well.

1628
01:22:41,040 --> 01:22:42,880
Speaker 5: All right, let's get one more question if we can

1629
01:22:43,000 --> 01:22:44,200
Speaker 5: before we are Oh so.

1630
01:22:44,360 --> 01:22:46,439
Speaker 2: People just ask the white so Joe said, the white paper.

1631
01:22:46,479 --> 01:22:48,519
Speaker 2: So the white papers, like even if you go to

1632
01:22:48,640 --> 01:22:53,240
Speaker 2: like Yahoo Finance, any brokers that that has stocks on it,

1633
01:22:53,439 --> 01:22:55,519
Speaker 2: it'll tell you about the information about the company. And

1634
01:22:55,600 --> 01:22:58,240
Speaker 2: so the white paper in the crypto space is the

1635
01:22:58,360 --> 01:23:01,680
Speaker 2: information about the company. So we're talking use case, that's

1636
01:23:01,680 --> 01:23:03,479
Speaker 2: where you're gonna find it. When you talk about its

1637
01:23:03,479 --> 01:23:05,400
Speaker 2: inception and the founders, that's where you find it. It's

1638
01:23:05,439 --> 01:23:07,400
Speaker 2: inside the white papers. And so, like I remember on

1639
01:23:07,800 --> 01:23:10,040
Speaker 2: crypto pro, which is an app that you can use

1640
01:23:10,080 --> 01:23:13,719
Speaker 2: to track cryptocurrencies. If you when you click on information,

1641
01:23:14,160 --> 01:23:17,280
Speaker 2: it'll take you through obviously the name, how many coins

1642
01:23:17,320 --> 01:23:19,760
Speaker 2: circulate and supply, and will say white papers. So if

1643
01:23:19,760 --> 01:23:22,040
Speaker 2: you click on that, it'll give you all the information

1644
01:23:22,120 --> 01:23:25,000
Speaker 2: about the coins, a lot of them. If you don't

1645
01:23:25,080 --> 01:23:28,080
Speaker 2: understand it, you shouldn't invest, right. If you don't understand it,

1646
01:23:28,120 --> 01:23:30,360
Speaker 2: If the use case doesn't make sense, I don't care.

1647
01:23:30,400 --> 01:23:32,080
Speaker 2: If somebody's like, oh this is the next thing, this

1648
01:23:32,160 --> 01:23:34,920
Speaker 2: is the next doge, you shouldn't invest. Make sure that

1649
01:23:34,960 --> 01:23:36,760
Speaker 2: you understand the use case, make sure you understand the

1650
01:23:36,760 --> 01:23:39,200
Speaker 2: functionality before you do. Those are the white papers.

1651
01:23:39,320 --> 01:23:42,479
Speaker 4: Never invest anything that you don't understand, and never invest

1652
01:23:42,560 --> 01:23:45,400
Speaker 4: money that you can't afford to lose, and never invest

1653
01:23:45,479 --> 01:23:49,040
Speaker 4: money that you need. Don't invest your rent money, don't

1654
01:23:49,080 --> 01:23:52,519
Speaker 4: invest your mortgage money, don't invest you know, your kids,

1655
01:23:52,960 --> 01:23:54,599
Speaker 4: lifelong savings and crypto.

1656
01:23:56,160 --> 01:24:00,880
Speaker 5: Be be smart, Be smart, please, Nancy, what's going on?

1657
01:24:01,080 --> 01:24:04,120
Speaker 2: You already immuted yourself? How you doing? Hey guys, I'm

1658
01:24:04,200 --> 01:24:04,800
Speaker 2: doing all right.

1659
01:24:04,880 --> 01:24:06,240
Speaker 5: How are you sound?

1660
01:24:06,320 --> 01:24:06,559
Speaker 2: Great?

1661
01:24:06,960 --> 01:24:07,160
Speaker 5: Good?

1662
01:24:07,479 --> 01:24:11,120
Speaker 3: Thank you? So my quick I have a quick question.

1663
01:24:11,280 --> 01:24:14,320
Speaker 2: I think it's a quick question for Chris.

1664
01:24:14,840 --> 01:24:19,519
Speaker 7: So going back to SPY and you're saying major support

1665
01:24:19,760 --> 01:24:24,960
Speaker 7: is three eighty seven now and actually executing the put

1666
01:24:25,680 --> 01:24:29,320
Speaker 7: for in the options, there's always like a list of

1667
01:24:29,439 --> 01:24:34,439
Speaker 7: different strikes right prices, so you have so I'm looking

1668
01:24:34,520 --> 01:24:37,840
Speaker 7: at one now for thirty for June twenty fourth. I

1669
01:24:38,000 --> 01:24:40,160
Speaker 7: know the market is closed, but I'm just using this

1670
01:24:40,280 --> 01:24:43,240
Speaker 7: for like a live example. So for end the money,

1671
01:24:43,360 --> 01:24:46,640
Speaker 7: the price ranges from three ninety eight to four to

1672
01:24:46,800 --> 01:24:47,879
Speaker 7: three going.

1673
01:24:47,720 --> 01:24:48,559
Speaker 3: Out even further.

1674
01:24:49,640 --> 01:24:54,080
Speaker 7: How do you pick your right the right strike price

1675
01:24:54,400 --> 01:24:58,600
Speaker 7: if Spy were to hit that three eighty seven level.

1676
01:24:59,360 --> 01:25:02,000
Speaker 3: Well every day, like let's let's you know, actually, let's

1677
01:25:02,000 --> 01:25:04,519
Speaker 3: do a quick exercise. What's the current price right now

1678
01:25:04,600 --> 01:25:05,080
Speaker 3: for SPY.

1679
01:25:07,320 --> 01:25:07,479
Speaker 2: Eight?

1680
01:25:08,120 --> 01:25:09,840
Speaker 3: Okay, so if you were to go for a three

1681
01:25:09,920 --> 01:25:14,559
Speaker 3: ninety eight putt, is that in the money or at

1682
01:25:14,640 --> 01:25:15,000
Speaker 3: the money?

1683
01:25:16,360 --> 01:25:16,920
Speaker 14: In the money?

1684
01:25:17,280 --> 01:25:17,559
Speaker 3: Okay?

1685
01:25:17,720 --> 01:25:22,440
Speaker 7: Why it's because that's not the exact price.

1686
01:25:22,400 --> 01:25:24,200
Speaker 9: Of the.

1687
01:25:26,960 --> 01:25:29,439
Speaker 3: Stock. You got it, right, because it already surpassed that

1688
01:25:29,560 --> 01:25:31,519
Speaker 3: going down. Right, If you go for a let's say

1689
01:25:31,560 --> 01:25:34,439
Speaker 3: you go for a three ninety five put, is that

1690
01:25:34,680 --> 01:25:37,800
Speaker 3: out the money or at the money? That would be

1691
01:25:37,880 --> 01:25:40,920
Speaker 3: out the money, right, So it really depends, right. What

1692
01:25:41,000 --> 01:25:43,519
Speaker 3: I would say is that before you get into that trade,

1693
01:25:43,640 --> 01:25:46,720
Speaker 3: you'll probably wait for it to break down. Once it

1694
01:25:46,880 --> 01:25:50,479
Speaker 3: breaks down and it actually holds below that three eighty

1695
01:25:50,560 --> 01:25:53,439
Speaker 3: seven number, that's when I will say, go ahead and

1696
01:25:53,520 --> 01:25:56,599
Speaker 3: go for that put. Right, And of course you could

1697
01:25:56,640 --> 01:25:59,280
Speaker 3: definitely swing it, But what I would do is that

1698
01:25:59,560 --> 01:26:01,880
Speaker 3: I'll probably go two weeks out and if you're up

1699
01:26:02,000 --> 01:26:05,719
Speaker 3: forty to fifty, take the profit. Why because the market

1700
01:26:05,840 --> 01:26:09,200
Speaker 3: right now we're down one day, up another one. We

1701
01:26:09,360 --> 01:26:11,479
Speaker 3: are in the middle of a war in Ukraine and Russians,

1702
01:26:11,479 --> 01:26:15,280
Speaker 3: so there's definitely lots of catalysts that are definitely impacting

1703
01:26:15,400 --> 01:26:18,920
Speaker 3: the won the levels and also the different prices. But

1704
01:26:19,040 --> 01:26:20,800
Speaker 3: what I will say is, first weight for that three

1705
01:26:20,840 --> 01:26:24,559
Speaker 3: eighty seven to be broken. If spy goes about four hundred,

1706
01:26:24,600 --> 01:26:26,680
Speaker 3: you best believe that we'll get back to the fro

1707
01:26:26,880 --> 01:26:28,400
Speaker 3: fives and then back to the four tenths.

1708
01:26:29,320 --> 01:26:33,600
Speaker 2: Okay, shout out to Nancy, Nancy Child out to you

1709
01:26:33,720 --> 01:26:36,120
Speaker 2: for getting one hundred percent on that quizards now, Yeah,

1710
01:26:37,280 --> 01:26:40,960
Speaker 2: thank you, We appreciate you. Shit.

1711
01:26:41,080 --> 01:26:46,240
Speaker 5: Oh good, So let's do this. Let's do this. First

1712
01:26:46,240 --> 01:26:50,479
Speaker 5: of all, shout out to everybody that watched this.

1713
01:26:51,080 --> 01:26:53,240
Speaker 4: And like I said, this was a lot of information,

1714
01:26:53,320 --> 01:26:56,040
Speaker 4: almost two hours of information, So even if you didn't

1715
01:26:56,120 --> 01:26:58,799
Speaker 4: fully understand everything, this should be used as a resource

1716
01:26:58,840 --> 01:27:01,559
Speaker 4: that you can actually go back to stop, take notes

1717
01:27:01,640 --> 01:27:04,360
Speaker 4: things of that nature. We want to thank Chris for

1718
01:27:04,479 --> 01:27:06,320
Speaker 4: his time. We're gonna give him a minute to talk

1719
01:27:06,360 --> 01:27:10,760
Speaker 4: as well, but definitely want to acknowledge him and thank

1720
01:27:10,840 --> 01:27:13,680
Speaker 4: him for his time taking time out of his day

1721
01:27:13,760 --> 01:27:18,479
Speaker 4: on this Wednesday evening to educate the masses. And this

1722
01:27:18,680 --> 01:27:21,720
Speaker 4: is gonna live on YouTube forever, so it'll probably been

1723
01:27:21,840 --> 01:27:25,280
Speaker 4: twenty thirty forty thousand people that actually end up seeing

1724
01:27:25,360 --> 01:27:27,720
Speaker 4: this video. So I'm sure that this will be a

1725
01:27:27,800 --> 01:27:29,760
Speaker 4: resource that a lot of people can learn from for

1726
01:27:30,040 --> 01:27:30,960
Speaker 4: a long period of time.

1727
01:27:31,000 --> 01:27:33,040
Speaker 5: That's that's the beauty with YouTube. It's archived.

1728
01:27:33,160 --> 01:27:36,320
Speaker 4: It'll actually also be on podcasts outlets Audio podcast outlets

1729
01:27:36,360 --> 01:27:40,240
Speaker 4: on Friday. So once again this is something that we

1730
01:27:40,360 --> 01:27:44,559
Speaker 4: do at eyl University every single week. Chris teaches two

1731
01:27:44,640 --> 01:27:48,400
Speaker 4: classes for us and it's in this vein as far

1732
01:27:48,439 --> 01:27:51,559
Speaker 4: as you know, to educate, go over charts, answer questions,

1733
01:27:51,600 --> 01:27:53,960
Speaker 4: and that's just from the investment side of it. Of course,

1734
01:27:54,000 --> 01:27:56,120
Speaker 4: we have the real estate component, we have the financial

1735
01:27:56,160 --> 01:27:58,840
Speaker 4: planning component. We kind of you know, built like a

1736
01:27:58,920 --> 01:28:01,960
Speaker 4: sh mortgage board of thefferent aspects. And then we also

1737
01:28:02,040 --> 01:28:04,240
Speaker 4: have you know, Infinity Groups where people who actually started

1738
01:28:04,240 --> 01:28:06,760
Speaker 4: groups on their own inside of the Eyo University. So

1739
01:28:07,280 --> 01:28:09,280
Speaker 4: you know, something that we're very very proud of and

1740
01:28:09,600 --> 01:28:12,720
Speaker 4: have built the community of thousands of people that you know,

1741
01:28:12,960 --> 01:28:16,360
Speaker 4: learn from each other, learn from professors, and actually you know,

1742
01:28:16,479 --> 01:28:19,519
Speaker 4: get to have a hands on learning experience. So we

1743
01:28:19,680 --> 01:28:22,040
Speaker 4: love to have you guys. If you are not part

1744
01:28:22,080 --> 01:28:24,760
Speaker 4: of Eyo University. We run a flash sale fifty percent off.

1745
01:28:24,800 --> 01:28:26,280
Speaker 4: I think that's going to run to the end of

1746
01:28:26,720 --> 01:28:29,679
Speaker 4: the holiday weekend, so you can click the link join

1747
01:28:30,240 --> 01:28:34,040
Speaker 4: and yeah Eyo University dot com and love to see

1748
01:28:34,080 --> 01:28:36,760
Speaker 4: you guys. And there's definitely a lot of stuff that

1749
01:28:37,439 --> 01:28:39,320
Speaker 4: we will be doing together as far as us and

1750
01:28:39,439 --> 01:28:44,799
Speaker 4: Chris stay tuned. You know, he's a fellow New Yorker,

1751
01:28:45,000 --> 01:28:49,280
Speaker 4: So that's always that's always a good thing from one

1752
01:28:49,320 --> 01:28:56,519
Speaker 4: of our favorite neighborhoods in the city. Yeah, you know,

1753
01:28:56,600 --> 01:28:58,640
Speaker 4: I got, I got, we got the Skybox indictment. So

1754
01:28:59,040 --> 01:29:02,080
Speaker 4: it's sir, you go to the games, you're a fan,

1755
01:29:02,439 --> 01:29:05,080
Speaker 4: of course, bro, of course you gotta let us know

1756
01:29:05,240 --> 01:29:11,439
Speaker 4: many box. Yes, yes, you'll see that big Mecedies thing

1757
01:29:11,520 --> 01:29:12,200
Speaker 4: pulling up like.

1758
01:29:13,920 --> 01:29:15,920
Speaker 3: Yes, yes, yes, definitely.

1759
01:29:16,479 --> 01:29:18,800
Speaker 5: But now I so I love man. So yeah, you

1760
01:29:18,920 --> 01:29:21,720
Speaker 5: guys joined ey University. Sign up. We love to have

1761
01:29:21,840 --> 01:29:22,519
Speaker 5: you as an earner.

1762
01:29:23,400 --> 01:29:26,240
Speaker 4: Now, Chris, can you tell them your information with the

1763
01:29:26,280 --> 01:29:28,679
Speaker 4: follow you on Instagram things of that nature?

1764
01:29:29,000 --> 01:29:33,760
Speaker 3: Yeah, definitely so Chris Romeo, Munos, Cris Romeo and and

1765
01:29:33,840 --> 01:29:36,960
Speaker 3: oz On on Instagram. My main account got taken down

1766
01:29:37,040 --> 01:29:39,479
Speaker 3: by some hackers from Pakistan, but I'm trying to get

1767
01:29:39,520 --> 01:29:41,640
Speaker 3: it back. But that's where you could definitely find me.

1768
01:29:41,640 --> 01:29:42,920
Speaker 3: And again yeah I couldn't.

1769
01:29:43,080 --> 01:29:44,479
Speaker 5: I couldn't find you. I couldn't find you.

1770
01:29:44,680 --> 01:29:46,960
Speaker 3: Yeah, and I just hit thirty K two and it

1771
01:29:47,000 --> 01:29:50,280
Speaker 3: got taken down. It's crazy, I'm telling you, it's crazy. Yeah,

1772
01:29:50,360 --> 01:29:52,240
Speaker 3: but I definitely want to say thanks to Trent Rashad

1773
01:29:52,360 --> 01:29:55,200
Speaker 3: the earners. I love you tons, I love teaching that.

1774
01:29:55,400 --> 01:29:58,519
Speaker 3: This is definitely my passion is to bring financial literacy

1775
01:29:58,600 --> 01:30:01,680
Speaker 3: back into our community. We definitely need it. I know,

1776
01:30:01,920 --> 01:30:05,640
Speaker 3: Washington Heights, Dicument, Harlem, Aara. I definitely tapped in heavy here.

1777
01:30:05,760 --> 01:30:08,040
Speaker 3: I do this for y'all, and I definitely want to

1778
01:30:08,040 --> 01:30:11,000
Speaker 3: say thank you everybody for the support and again every

1779
01:30:11,040 --> 01:30:13,920
Speaker 3: single day, one percent. This is definitely a marathon. This

1780
01:30:14,200 --> 01:30:16,200
Speaker 3: wasn't taught to us, so we got to take it

1781
01:30:16,320 --> 01:30:19,839
Speaker 3: day by day, learn and grow and definitely stay persistent.

1782
01:30:22,000 --> 01:30:25,240
Speaker 5: There you have it, ladies and gentlemen. Education at the

1783
01:30:25,360 --> 01:30:28,040
Speaker 5: highest level. Appreciate you. Brother.

1784
01:30:29,040 --> 01:30:32,280
Speaker 4: Like Wise, like Ques you guys tap in, stay safe

1785
01:30:32,360 --> 01:30:37,120
Speaker 4: out there, enjoy the holiday weekend, take some time to

1786
01:30:37,280 --> 01:30:38,800
Speaker 4: educate yourself and.

1787
01:30:39,479 --> 01:30:41,320
Speaker 5: Yeah, we'll see you. We'll see you soon.

1788
01:30:42,080 --> 01:30:42,320
Speaker 2: Thank you.

1789
01:30:44,479 --> 01:30:47,800
Speaker 3: Hello, all right, guys, all right, y'all,