Speaker 1: What are the top ten investment lessons of this year?
Speaker 2: For me?
Speaker 3: Defense? One pound of defense will save you ten pounds
Speaker 3: of trouble. So I know we all want the gains,
Speaker 3: but the gains that we want are baked into defense first.
Speaker 3: So please write this down. In the worst case scenario,
Speaker 3: if your life was on the line and all your
Speaker 3: money went into one investment, whether it was a cryptocurrency,
Speaker 3: a person a stock token, derivative, what is the absolute
Speaker 3: rock bottom price that you should pay to get in
Speaker 3: for it. Number two, your risk to reward ratio, especially
Speaker 3: in a recession or depression, matters even more so for me,
Speaker 3: even with people that I hire employee work with the
Speaker 3: minimum that I'm looking to receive in twenty twenty three
Speaker 3: going forward, it's eleven x. Secondly, is fifty x. Number three.
Speaker 3: Regardless of what you're investing in, you have to look
Speaker 3: at the top four and that space and don't deviate.
Speaker 3: I know we want incredible gains to the upside, and
Speaker 3: sometimes we want to gamble into space, but when the
Speaker 3: drawdown hits us and some companies are like down eighty five,
Speaker 3: it's not fun to go through. Number four. Please write
Speaker 3: this down. Please stick with your process, no matter what
Speaker 3: anyone on Earth tells you. I remember when I was
Speaker 3: telling everyone twenty thousand was coming in bitcoin and what
Speaker 3: seemed like these crazy prices and ethereum, and what if
Speaker 3: Michael Saylor's fund potentially went under. I don't want Mike's
Speaker 3: fun to go under, but it's at a level where
Speaker 3: I'm worried about margin could be called pretty soon if
Speaker 3: we have one more event, that's pretty bad for him.
Speaker 3: And the thing going back to making eleven for every
Speaker 3: dollar you put in, or making fifty twenty three to
Speaker 3: twenty twenty six. If you get eleven 's, those returns
Speaker 3: may have to stretch out for you over a three
Speaker 3: or four year period. So I don't think we may
Speaker 3: be looking at for a year over year returns. If
Speaker 3: you're not a seasoned investor, you may have to look
Speaker 3: to get gains over a two year period that will
Speaker 3: last you for or one year the last year over three.
Speaker 3: Number four. Always keep the investor in front of anything else,
Speaker 3: and hunt for an edge in a market every day.
Speaker 3: So in my walks on Wall Street in the New
Speaker 3: York stocking shames, Peter, thank you, Frankie, thank you everyone.
Speaker 3: I sit to theere, thank you. The one thing that
Speaker 3: I see amongst the traders that are really good, and
Speaker 3: there's a couple that I want to highlight. In twenty
Speaker 3: twenty three, I met a gentleman who when he initially
Speaker 3: went to a hedge fund only had three clients. He
Speaker 3: now has thirty bulk of business at almost three hundred million.
Speaker 3: I asks him what is he doing? And I'm seeing
Speaker 3: them every time that I'm there. He's literally hunting for
Speaker 3: deals for everyone and finding one way to get better
Speaker 3: in the market every day, whether it's fundamentals, whether it's
Speaker 3: technical analysis, whether it's understanding arbitrage and how to bring
Speaker 3: deals together. So hunt for one edge in the market
Speaker 3: every single day. Never give up on your macro research,
Speaker 3: even when in the face of all the noise on Twitter, Instagram, TikTok, YouTube,
Speaker 3: et cetera, that it's telling you to deviate. Because anyone
Speaker 3: who's been a season investment in more than four years
Speaker 3: felt in twenty twenty one and end of top of
Speaker 3: twenty twenty two that we were going to come down,
Speaker 3: and it may take a while for those things to
Speaker 3: come true, but here we are now and those that
Speaker 3: play defense are in an amazing position to capitalize for
Speaker 3: the next year, and I'll go to number seven. Then Troy,
Speaker 3: I'll come to you, and they were shot, and I'll
Speaker 3: circle around my last three. But it is mandatory that
Speaker 3: you know how to trade, swing, trade, and invest, because
Speaker 3: if you can't generate capital while you're going down, I
Speaker 3: don't know how you continue to invest in the market.
Speaker 3: A lot of my biases from the market comes from
Speaker 3: me being able to trade the features market and be
Speaker 3: a being able to generate the alpha on demand. But
Speaker 3: trading also helps you allow to see when a market
Speaker 3: is going to turn over faster. So like if you
Speaker 3: only long term investment, never practice trading, your entries won't
Speaker 3: be as sharp, like you're cutting with the acts opposed
Speaker 3: to a scalpel. And even though you may be taking
Speaker 3: losses in your trades, it will help your long term
Speaker 3: entries a hell of a lot better. And also being
Speaker 3: a long term investor helps you to see the trend
Speaker 3: of your trades a lot cleaner. This is why you
Speaker 3: need both. And if you can trend trade, day trade
Speaker 3: and long term invest you have a formula that will
Speaker 3: work for an eternity. So but Betray, I wanted to
Speaker 3: come to you.
Speaker 2: Yeah, I think where you left off is probably where
Speaker 2: I was gonna start, because you kind of nailed a
Speaker 2: lot of the points. But I was going to say
Speaker 2: that that point of yeah, long term investing, and that's
Speaker 2: what we do, it's what we preach. But I would
Speaker 2: say in twenty twenty two is one of those times
Speaker 2: where it was like, all right, you're gonna have to
Speaker 2: us you're playing a little bit adjust the person, all right,
Speaker 2: and so like you're gonna have you may have to
Speaker 2: make some trades. And so it wasn't even though it
Speaker 2: wasn't a lot, it was still an adjustment because I
Speaker 2: was so long term, long term, and when you're seeing
Speaker 2: your portfolio turn red a little bit and you're like, wait,
Speaker 2: there's still ways to make money in this in this environment.
Speaker 2: And so it was like, all right, I've got to
Speaker 2: learn how to you know, not even learn, but I
Speaker 2: have to actually execute on now trading and the second
Speaker 2: part of it, So that was the first part. The
Speaker 2: second part was not falling in love with sectors. Yes,
Speaker 2: so everybody knows how much we love technology, and everybody
Speaker 2: knows how much we love consumer discretionary, but it was like,
Speaker 2: there's money and to be made in these other sectors, right,
Speaker 2: Like we always say if there's a recession somewhere, or
Speaker 2: if there's a bull market somewhere, or there's a bear
Speaker 2: market in another place, and vice versa. And so it
Speaker 2: was like, all right, well, let's really lock in in
Speaker 2: some of these other sectors. Let's look at the top
Speaker 2: two or three and maybe one emerging. Like I know
Speaker 2: we say that a lot, let's look at the top
Speaker 2: two or three, but I would like that was one
Speaker 2: of the things I implement. It was like, let me
Speaker 2: find one emerging. Let me see what's one that's emerging
Speaker 2: in some of these sectors.
Speaker 4: And so it made me.
Speaker 2: A better like analyst. Right now I can see the game.
Speaker 2: I'm looking at the whole field, whereas I used to
Speaker 2: just look at a few pieces of the field, Like
Speaker 2: all right, technology good, consumer discretionary good, consumer stables pretty good,
Speaker 2: healthcare is good. Oh but what about over here? This
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Speaker 5: An illegal alien from Guatemala charged with raping a child
Speaker 5: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 5: accused of murdering a Texas man of Venezuelan charged with
Speaker 5: filming and selling child pornography in Michigan. These are just
Speaker 5: some of the heinous migrant criminals caught because of President
Speaker 5: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 5: crossings are at the lowest levels ever recorded, and over
Speaker 5: one hundred thousand illegal aliens have been arrested. If you
Speaker 5: are here illegally, your next you will be fined nearly
Speaker 5: one thousand dollars a day, imprisoned, and deported. You will
Speaker 5: never return. But if you register using our CBP home
Speaker 5: app and leave now, you could be allowed to return
Speaker 5: legally do what's right. Leave now. Under President Trump, America's laws,
Speaker 5: border and families will.
Speaker 4: Be protected sponsored by the United States Department of Homeland Security,
Speaker 4: the utilities what about that, you know what I'm saying,
Speaker 4: And so having a wider range looking at those top
Speaker 4: two but trying to find one that you know, this
Speaker 4: looks like it has some potential.
Speaker 2: I think that was one of those things too, that
Speaker 2: over the course of the past twelve months I've had
Speaker 2: to implement in my game plan.
Speaker 3: I love it, shout what about you? You have two more?
Speaker 3: You want to throw it.
Speaker 1: As far as lessons learned this year, yes, so I
Speaker 1: think that the lessons learned this year is never react
Speaker 1: off of FOMO. That's extremely important lesson, and even switching
Speaker 1: gears to the real estate market. I think that that's
Speaker 1: something that people learned, you know, in the springtime when
Speaker 1: people were paying twenty thousand over asking in fifty thousand
Speaker 1: and in Miami one hundred thousand dollars over asking, and
Speaker 1: then the market corrected itself, and now it's like, all right,
Speaker 1: if you paid fifty thousand dollars over asking because you
Speaker 1: thought that the market is gonna keep going up, that's
Speaker 1: what that's the definition of fomo right missing out. So
Speaker 1: it's like, all right, this house is only worth five
Speaker 1: hundred thousand, but they're not going to sell it to
Speaker 1: me unless I give them five hundred and fifty thousand.
Speaker 1: So I would rather pay five hundred and fifty thousand
Speaker 1: because I think in two months it's gonna be worth
Speaker 1: six hundred thousand. Well, that's not really the best way
Speaker 1: to go about it. You buy investments low and you
Speaker 1: sell high. This is the easiest thing. This is rule
Speaker 1: number one. It's like in boxing. The number one rule
Speaker 1: in boxing is protect yourself at all times. The number
Speaker 1: one rule in investing is buy low, sell high. This
Speaker 1: is extremely This is probably the most difficult thing to master.
Speaker 1: Like you could have fundamentals, you can have all of
Speaker 1: this stuff. If you don't have emotional intelligence, you're not
Speaker 1: going to be able to be a good investor. You
Speaker 1: have to be able to wait. You have Patience is
Speaker 1: probably the biggest virtue that you have in life when
Speaker 1: everyone like you have to be a special person to
Speaker 1: just say no, not right now, I'm gonna wait because
Speaker 1: human nature is that you're gonna feel like an idiot
Speaker 1: because you're waiting and everybody's making money and you're not
Speaker 1: gonna be able to live anywhere, and it's like just
Speaker 1: chill out. Everything comes down. Everything comes down. Crypto comes down,
Speaker 1: stocks come down, real estate comes down, NFTs come down,
Speaker 1: Watch value come down. Everything comes down. You have to
Speaker 1: be patient enough to wait, and then when it comes down,
Speaker 1: you have to have enough courage to act, because that's
Speaker 1: the second part of the situation. The second part of
Speaker 1: the situation is that when it actually does go down,
Speaker 1: human nature nobody wants to buy at the bottom because
Speaker 1: something that is fifty percent off and you're thinking it's
Speaker 1: going to zero. You see, you buy a bitcoin at
Speaker 1: fifty thousand, but then when it gets to fifteen thousand,
Speaker 1: you're thinking, this thing is going to two thousand. I'm
Speaker 1: not going to lose all my money. So you have
Speaker 1: to have enough courage to buy discounted investments and have
Speaker 1: enough fortitude to stay in it for the long haul.
Speaker 1: So this was a good year because when we first
Speaker 1: started market Mondays during the pandemic, everything was going up.
Speaker 1: Everybody's making money, everybody's trading options. Anything that you put
Speaker 1: money and is going up, right, But now it's like, Okay,
Speaker 1: who's going to survive the tough times. Who's going to
Speaker 1: have enough education and enough perseverance to patiently wait it out?
Speaker 1: And on the other side of the coin now in
Speaker 1: ten years, fifteen years now, this is the long game, right,
Speaker 1: So this is what we're in right now, and it's
Speaker 1: extremely important to go through these adversities because it makes
Speaker 1: you stronger, but it also makes you more intelligent. Very important.
Speaker 3: Yeah, which brings me to my final three lessons. Number One,
Speaker 3: the most important thing that you have to look at
Speaker 3: is the macro economic environment that we're in. I've given
Speaker 3: the indicator before, but there is an indicator that predicts
Speaker 3: sessions ahead of time. And when you pair that with
Speaker 3: quantitative easing, which is when it Federal Reserve prints money.
Speaker 3: So when the quantitative easing stops, when you tie that
Speaker 3: in with the indicator that tells you when market is
Speaker 3: going to slow down the most important lesson, but you've
Speaker 3: seen me struggle with and thank you for Peter for
Speaker 3: telling me this. And then two people who run Ahead
Speaker 3: Fund that I talked to in exchange this past week,
Speaker 3: they said, to stop being offended when people do not
Speaker 3: want to hear your advice. Your job is to make
Speaker 3: sure you your family and your friends get rich from
Speaker 3: what you know, And man, I tell you that was
Speaker 3: fucking freeing. It's like I know you want to save everybody.
Speaker 3: I know you do, but your job is to make
Speaker 3: you sure that you first your friends and those with you,
Speaker 3: and Red Panda get rich and whoever else. Listeners leave
Speaker 3: it at that, and this person is close to a
Speaker 3: billion dollars from trading. Sometimes our emotions can be so
Speaker 3: big that we want to help people who are not
Speaker 3: ready to be helped or who have not put in
Speaker 3: the work to be besides you, to get that help
Speaker 3: for all of you that watch Crypto nine to one
Speaker 3: stock Shorty, like for all of those of you Aaron
Speaker 3: p Don macdrew whose hearts are big, I have to
Speaker 3: allow you to also be free and make sure the
Speaker 3: number one rule is that you take care of yourself.
Speaker 1: My graduates from my school being force back drop bag Drop,
Speaker 1: Mike drop back.
Speaker 5: Drop, an illegal alien from Guatemala charged with raping a
Speaker 5: child in Massachusetts. An MS thirteen gang member from Al
Speaker 5: Salvador accused of murdering a Texas man of Venezuelan charged
Speaker 5: with filming and selling child pornography in Michigan. These are
Speaker 5: just some of the heinous migrant criminals caught because of
Speaker 5: President Donald J. Trump's leadership. I'm Christine Home, the United
Speaker 5: States Secretary of Homeland Security. Under President Trump, attempted illegal
Speaker 5: border crossings are at the lowest levels ever recorded, and
Speaker 5: over one hundred thousand illegal aliens have been arrested. If
Speaker 5: you are here illegally, your next you will be fine
Speaker 5: nearly one thousand dollars a day, imprisoned and deported, you
Speaker 5: will never return. But if you register using our CBP
Speaker 5: home app and leave now, you could be allowed to
Speaker 5: return legally. Do what's right. Leave now. Under President Trump,
Speaker 5: America's laws, border and families will be protected.
Speaker 4: Sponsored by the United States Department of Homeland Security.