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Speaker 1: Earners. What's up. You ever walk into a small business

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Speaker 1: and everything just works like The checkout is fast, the

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Speaker 1: receipts are digital, tipping is a breeze, and you're out

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Speaker 1: the door before the line even builds. Odds are they're

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Speaker 1: using Square. We love supporting businesses that run on Square

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Speaker 1: to take payments, manage inventory, and run their business with confidence,

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Speaker 1: all from one simple system. If you're a business owner

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Speaker 1: or even just thinking about launching something soon, Square is

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Speaker 1: hands down one of the best tools out there to

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Speaker 1: it's about giving you time back so you can focus

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Speaker 1: on what matters most Ready. To see how Square can

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Speaker 1: back end so you can keep pushing your vision forward.

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Speaker 1: This episode is brought to you by P and C Bank,

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Speaker 1: a lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding of professional's

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Speaker 1: routine shows us how they achieve their success little by little,

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Speaker 1: day after day. It's like banking with P and C Bank.

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Speaker 1: It might seem boring to save, plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live or more happily fulfilled life. P

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Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 1: Boring since eighteen sixty five is a service mark of

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC. All right, so this is the question,

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Speaker 1: This is the question you gotta figure out. I can't

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Speaker 1: answer it, but only you can. And Magan, maybe they

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Speaker 1: can put this in the chat. Put this in the chat,

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Speaker 1: like what type of investor are you? So the three

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Speaker 1: types are going to talk about, and the fourth one

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Speaker 1: I'm going to give to you. So there's scalpers, there's

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Speaker 1: day traders, and there's swing traders. And so if you

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Speaker 1: can't read it, I'll read it to you. It says

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Speaker 1: scalping entails the buying and selling of a financial instrument.

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Speaker 1: Usually a stock future, a currency, commodity, or even an

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Speaker 1: option with the goal of producing a small gain or

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Speaker 1: could be a large game on that position. Scalpers attempt

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Speaker 1: to profit from short term price movements. So really quick, now,

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Speaker 1: this is the most important part for scalping. The time

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Speaker 1: frame that scalpers trade whole positions ranges from seconds to minutes.

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Speaker 1: And so when I told you to figure out what

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Speaker 1: kind of trader you are, a scalper is somebody who's

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Speaker 1: in front of their computer and they're doing this by

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Speaker 1: the second. I mean every second counts when you're scalping,

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Speaker 1: because movement happens, volatility happens, and so people who do

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Speaker 1: this are I mean, I always like to say this

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Speaker 1: is strictly for livmen, not for freshmen, And since we

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Speaker 1: got a lot of freshmen in here, I wouldn't advise

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Speaker 1: this yet. If you haven't traded before, I wouldn't advise

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Speaker 1: you to start scalping right away. Yes, you can make

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Speaker 1: money in it. Is it violatile? Is it risky? Yes?

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Speaker 1: And so we want to take that into account. Now,

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Speaker 1: there are day traders, and that sounds pretty self expansory, right,

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Speaker 1: So the strategy for day training involves taking positions into

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Speaker 1: financial assets such as stocks, futures, currencies, same pretty much thing.

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Speaker 1: But the day traders tend to hold the abundance of

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Speaker 1: trades over minutes and hours, and so my scalpers we're

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Speaker 1: talking about seconds and minutes. My day traders, we're talking

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Speaker 1: about minutes and hours as a maneuver their transitions throughout

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Speaker 1: the changing market conditions and sign out Ian talks about

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Speaker 1: this a lot when we're talking about day trading, especially

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Speaker 1: in the futures market, where it's hey, we don't we

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Speaker 1: trade the open and we trade the close, right, so

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Speaker 1: it's between nine thirty to ten thirty, and it's between

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Speaker 1: three o'clock to four o'clock. Why momentum shifts in the morning,

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Speaker 1: momentum starts to shift again in the evening, and then

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Speaker 1: during the day you don't see it as much movement.

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Speaker 1: And if you've watched any chart, if you even if

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Speaker 1: you watch the NBC, you know as soon as it

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Speaker 1: hits nine thirty, you'll start seeing colors flash and it'll

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Speaker 1: be ready to be green, to be ready to be green.

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Speaker 1: You're trying to figure out what's going on. Trades are happening,

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Speaker 1: and so there's a lot of flow that's moving in

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Speaker 1: it during those times, and so day traders they capitalize

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Speaker 1: on that time movement. Now, and it seems like we

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Speaker 1: got a lot of these people in the chat, so

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Speaker 1: shout out to everybody that's in the chat. We got

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Speaker 1: swing traders. So unlike scalpers and no knock to them,

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Speaker 1: and unlike day traders, shout out to y'all. All right,

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Speaker 1: swing traders hold their positions for longer time periods. This

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Speaker 1: can be for several days, weeks, even months, and is

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Speaker 1: dependent on the asset, the trend in other existing positions

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Speaker 1: of that swing trade. And so swing traders are a

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Speaker 1: little bit more more discipline, more patient, and are looking

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Speaker 1: to have returns not immediately but over a course a

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Speaker 1: period of time that is a lot longer. So we're

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Speaker 1: talking about several days, weeks, and months. Now. I didn't

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Speaker 1: put this one in here, but the fourth one would

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Speaker 1: be an investor. You're right, you're the You are an investor.

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Speaker 1: That's your type of investment, right. You are an investor,

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Speaker 1: and that means that's your long term right, So you're

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Speaker 1: looking at holding positions from anywhere from two to five

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Speaker 1: to ten to twenty thirty years. So we want to

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Speaker 1: make sure if we're going to be involved in trading,

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Speaker 1: we figure out what is our palate for trading. I

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Speaker 1: will personally tell you I don't have the stomach for scalping.

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Speaker 1: I don't have the time for it. I got too

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Speaker 1: many calls, I got too many meetings. I wouldn't succeed

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Speaker 1: at scalping right day trading again, I'm traveling a lot,

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Speaker 1: moving around a lot. When I was at work, it

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Speaker 1: was tough. I got kids, I'm trying to teach them

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Speaker 1: how to skip and hop and hula hoop, and it

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Speaker 1: was too much. Right, I can't concentrate on it. Swing trading.

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Speaker 1: I was like, okay, I can give that a try.

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Speaker 1: You know what, I need more time than a week, right,

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Speaker 1: especially how I like to do what I like to

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Speaker 1: do my research, take my time, make the investment, and

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Speaker 1: watch it flourish. And I'm pretty good at watching my flourish.

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Speaker 1: And we'll come back to that. I feel like that

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Speaker 1: when I said I'm coming back to that, We're gonna

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Speaker 1: come back to that, though. I'm gonna show you how

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Speaker 1: they flourish, all right, So figure out who you are

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Speaker 1: before you treat.

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Speaker 2: An illegal alien from Guatemala charged with raping a child

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Speaker 2: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 2: accused of murdering a Texas man of Venezuelan charged with

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Speaker 2: filming and selling child pornography in Michigan. These are just

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Speaker 2: some of the heinous migrant criminals caught because of President

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Speaker 2: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 2: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 2: one hundred thousand illegal aliens have been arrested. If you

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Speaker 2: are here illegally, your next you will be fine nearly

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Speaker 2: one thousand dollars a day, imprisoned and deported, you will

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Speaker 2: never return. But if you register using our CBP home

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Speaker 2: border and families will be protected. Sponsored by the United

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Speaker 2: States Department of Homeland Security,