1 00:00:01,240 --> 00:00:02,000 Speaker 1: Earners. What's up. 2 00:00:02,080 --> 00:00:04,560 Speaker 2: You ever walk into a small business and everything just 3 00:00:04,720 --> 00:00:07,880 Speaker 2: works like The checkout is fast, the receipts are digital, 4 00:00:08,400 --> 00:00:11,399 Speaker 2: tipping is a breeze, and you're out the door before 5 00:00:11,400 --> 00:00:15,560 Speaker 2: the line even builds. Odds are they're using Square. We 6 00:00:15,720 --> 00:00:18,280 Speaker 2: love supporting businesses that run on Square because it just 7 00:00:18,280 --> 00:00:21,520 Speaker 2: feels seamless. 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It's not just about payments, it's about giving 15 00:00:45,240 --> 00:00:47,519 Speaker 2: you time back so you can focus. 16 00:00:47,159 --> 00:00:48,760 Speaker 1: On what matters most Ready. 17 00:00:48,760 --> 00:00:52,159 Speaker 2: To see how Square can transform your business, visit Square 18 00:00:52,240 --> 00:00:56,760 Speaker 2: dot com backslash go backslash eyl to learn more that 19 00:00:56,960 --> 00:01:02,400 Speaker 2: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. 20 00:01:02,520 --> 00:01:04,880 Speaker 2: Let's Square handle the back end so you can keep 21 00:01:04,920 --> 00:01:11,000 Speaker 2: pushing your vision forward. This episode is brought to you 22 00:01:11,040 --> 00:01:13,320 Speaker 2: by P and C Bank, a lot of people think 23 00:01:13,360 --> 00:01:17,240 Speaker 2: podcasts about work are boring, and sure they definitely can be, 24 00:01:17,760 --> 00:01:21,000 Speaker 2: but understanding of professional's routine shows us how they achieve 25 00:01:21,080 --> 00:01:25,280 Speaker 2: their success little by little, day after day. It's like 26 00:01:25,360 --> 00:01:28,160 Speaker 2: banking with P and C Bank. It might seem boring 27 00:01:28,160 --> 00:01:31,000 Speaker 2: to save, plan and make calculated decisions with your bank, 28 00:01:31,440 --> 00:01:33,920 Speaker 2: but keeping your money boring is what helps you live 29 00:01:34,080 --> 00:01:38,080 Speaker 2: or more happily fulfilled life. P and C Bank Brilliantly 30 00:01:38,160 --> 00:01:42,720 Speaker 2: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty 31 00:01:42,720 --> 00:01:45,520 Speaker 2: five is a service mark of the PNC Financial Service 32 00:01:45,560 --> 00:01:49,880 Speaker 2: Group Inc. P and C Bank National Association Member FDIIC. 33 00:01:51,720 --> 00:01:55,000 Speaker 1: What's the Future's tip for the week? I really at 34 00:01:55,080 --> 00:01:56,920 Speaker 1: five Number one. 35 00:01:57,200 --> 00:02:00,240 Speaker 3: I've said it before, but after a conversation I had yesterday, 36 00:02:00,600 --> 00:02:03,000 Speaker 3: Please master one short target. Whether you're doing options for 37 00:02:03,080 --> 00:02:07,360 Speaker 3: futures one, please write it in chat one. Marry that 38 00:02:07,520 --> 00:02:10,079 Speaker 3: fucking target for the next year and a half. 39 00:02:10,880 --> 00:02:11,480 Speaker 1: I don't care. 40 00:02:11,639 --> 00:02:14,320 Speaker 3: What I want traders to do is I want you 41 00:02:14,360 --> 00:02:16,840 Speaker 3: from going to having a lot of knowledge about trading 42 00:02:17,160 --> 00:02:20,200 Speaker 3: to extracting money from the market. That's your job, right 43 00:02:20,880 --> 00:02:26,120 Speaker 3: Number two four moving averages. So once again today on Monday, 44 00:02:26,800 --> 00:02:28,880 Speaker 3: if you look at the twenty day moving average, the 45 00:02:29,000 --> 00:02:31,960 Speaker 3: fifty to seventy two to one hundred, the market bled under. 46 00:02:32,520 --> 00:02:35,799 Speaker 3: If the market is underneath all four moving averages, it's 47 00:02:35,840 --> 00:02:38,079 Speaker 3: probably not going to come back. You can let your 48 00:02:38,160 --> 00:02:40,799 Speaker 3: trade run longer, and if you put on a high 49 00:02:40,880 --> 00:02:43,519 Speaker 3: and low for the week or the month on trading 50 00:02:43,600 --> 00:02:46,000 Speaker 3: view or think or swim, you can see where you 51 00:02:46,040 --> 00:02:49,480 Speaker 3: should exit. But if something goes above those four moving averages, 52 00:02:49,760 --> 00:02:52,959 Speaker 3: it's going to stay to the upside. Number three, writing 53 00:02:53,040 --> 00:02:56,520 Speaker 3: in chat, overtrading is the devil talking to my guy. 54 00:02:56,560 --> 00:02:57,880 Speaker 3: I don't know if you want me to say his name, 55 00:02:57,919 --> 00:03:01,720 Speaker 3: but I was talking to my guy yesterday and I'm like, you, 56 00:03:01,880 --> 00:03:04,720 Speaker 3: legit can be at fifteen thousand and sixteen thousand a week. 57 00:03:04,960 --> 00:03:06,359 Speaker 1: What's stopping you from getting there? 58 00:03:06,400 --> 00:03:09,360 Speaker 3: He was like the overtrading sometimes as traders, we know 59 00:03:09,440 --> 00:03:10,760 Speaker 3: so much and can see so much. 60 00:03:11,200 --> 00:03:13,800 Speaker 1: We can see what a vwyp line is for other traders. 61 00:03:13,800 --> 00:03:16,320 Speaker 3: We can see where pivots are, we can see we're moving, 62 00:03:16,360 --> 00:03:18,320 Speaker 3: our averages are the options. 63 00:03:17,960 --> 00:03:19,640 Speaker 1: Chain, and then you get overwhelmed. 64 00:03:20,320 --> 00:03:24,320 Speaker 3: Overtrading is like going into deep credit card debt at 65 00:03:24,360 --> 00:03:27,600 Speaker 3: twenty five percent and a lot of it takes discipline, 66 00:03:27,600 --> 00:03:28,400 Speaker 3: but the core of it. 67 00:03:28,560 --> 00:03:30,160 Speaker 1: Do you feel worthy enough. 68 00:03:29,960 --> 00:03:31,680 Speaker 3: That you should be able to make one hundred thousand 69 00:03:31,720 --> 00:03:34,920 Speaker 3: dollars in a week, in a day, five six hundred 70 00:03:34,960 --> 00:03:37,760 Speaker 3: thousand dollars in a year, a million plus in a year. 71 00:03:38,000 --> 00:03:39,040 Speaker 1: So work on a psyche. 72 00:03:39,680 --> 00:03:42,880 Speaker 3: And fourth and final, if you are not comfortable with 73 00:03:43,080 --> 00:03:45,920 Speaker 3: just using a short target, split your targets. 74 00:03:46,000 --> 00:03:47,720 Speaker 1: I don't like red Panda. I don't want you to 75 00:03:47,760 --> 00:03:50,320 Speaker 1: do it. So es Nasdak. 76 00:03:49,920 --> 00:03:54,600 Speaker 3: Zbub use four tick in futures, Nazdak use forty ticks. 77 00:03:54,800 --> 00:03:58,160 Speaker 3: But if you are trading, let's say nasdak, your first 78 00:03:58,200 --> 00:04:01,520 Speaker 3: target can be forty ticks. Second target after that can 79 00:04:01,520 --> 00:04:03,640 Speaker 3: be two hundred and twenty. So let's say if you're 80 00:04:03,680 --> 00:04:06,560 Speaker 3: trading eight contracts, I would have four contracts take profit 81 00:04:06,880 --> 00:04:09,800 Speaker 3: at forty ticks. My second target will be two twenty. 82 00:04:09,880 --> 00:04:12,200 Speaker 3: It will bring my averages up and that way you 83 00:04:12,200 --> 00:04:14,320 Speaker 3: don't feel like you missed out on a longer move. 84 00:04:14,480 --> 00:04:18,279 Speaker 3: And I need you to stop focusing on knowing more information. 85 00:04:18,800 --> 00:04:21,440 Speaker 3: You need more execution and you need to be able 86 00:04:21,480 --> 00:04:24,200 Speaker 3: to extract money out of the market. And Troy, that's 87 00:04:24,200 --> 00:04:27,080 Speaker 3: why I told you like when you start doing options. 88 00:04:27,120 --> 00:04:29,280 Speaker 3: I'm like, yeah, you're a giddy year MVP because it's 89 00:04:29,320 --> 00:04:33,760 Speaker 3: people who knew more about options. And then when I said, well, 90 00:04:33,800 --> 00:04:36,320 Speaker 3: what you may i've been when we was in the hotel, 91 00:04:36,400 --> 00:04:40,600 Speaker 3: we were like, in LA, that's someone's salary. I think 92 00:04:40,600 --> 00:04:44,359 Speaker 3: you were like eight months in. I'm like, allegedly allegedly 93 00:04:44,440 --> 00:04:48,240 Speaker 3: hypothetically right, yeah, me and Rashad Diddy mack in this 94 00:04:48,279 --> 00:04:49,040 Speaker 3: year wasn't alleged. 95 00:04:50,880 --> 00:04:52,600 Speaker 1: But my thing is like, you can know so. 96 00:04:52,640 --> 00:04:58,600 Speaker 3: Much about Fibonacci, Fibonacci extensions, pivot points, RSI, macde, balance 97 00:04:58,640 --> 00:05:00,200 Speaker 3: of market, how you can read all this sh but 98 00:05:00,240 --> 00:05:03,680 Speaker 3: when it's time to make the money, are you doing 99 00:05:03,720 --> 00:05:06,320 Speaker 3: what's necessary? And I was telling my guy like, even 100 00:05:06,320 --> 00:05:09,200 Speaker 3: with market, mondays, I love the consistency of me even 101 00:05:09,279 --> 00:05:13,160 Speaker 3: having to get better at the media. Once your hour's 102 00:05:13,200 --> 00:05:15,560 Speaker 3: done and trading, walk away and do something else. 103 00:05:15,960 --> 00:05:16,680 Speaker 1: You have to match. 104 00:05:16,760 --> 00:05:18,160 Speaker 3: And this is a great lesson I think we should 105 00:05:18,200 --> 00:05:22,120 Speaker 3: talk about in this new century and definitely this next decade, 106 00:05:22,200 --> 00:05:25,320 Speaker 3: You're gonna have to master multiple crafts. You're gonna have 107 00:05:25,360 --> 00:05:32,400 Speaker 3: to know how to invest, trade, market, do media, AI, programming, 108 00:05:32,560 --> 00:05:34,159 Speaker 3: and be great at all of them. 109 00:05:34,560 --> 00:05:35,240 Speaker 1: You can argue. 110 00:05:35,480 --> 00:05:38,240 Speaker 3: Elon is a great salesman, one of the highest Q 111 00:05:38,400 --> 00:05:42,120 Speaker 3: scores I think we've ever seen in history, great innovator, 112 00:05:42,560 --> 00:05:47,559 Speaker 3: great designer, great programmer, great engineer. He's still having fucking 113 00:05:47,600 --> 00:05:51,240 Speaker 3: issues at his company. You can't lean on one thing anymore. 114 00:05:51,720 --> 00:05:54,400 Speaker 3: You can't not in this decade. And if interest rates 115 00:05:54,440 --> 00:05:58,640 Speaker 3: actually go up, oh baby, it's gonna be tough. 116 00:05:59,200 --> 00:06:00,000 Speaker 1: It's gonna be tough. 117 00:06:00,320 --> 00:06:02,920 Speaker 2: I mean, that's why it's important to keep the main 118 00:06:02,960 --> 00:06:03,800 Speaker 2: thing the main thing. 119 00:06:04,279 --> 00:06:10,320 Speaker 1: And really you gotta allocate your time. It's important. 120 00:06:10,360 --> 00:06:12,880 Speaker 2: I think one of the people ask me all the time, go, well, 121 00:06:13,080 --> 00:06:14,800 Speaker 2: what is one of the biggest regrets you have in 122 00:06:14,800 --> 00:06:16,640 Speaker 2: investment is that I don't even have enough time to 123 00:06:16,680 --> 00:06:19,720 Speaker 2: do it like full time, right, because there's so many 124 00:06:19,760 --> 00:06:22,159 Speaker 2: other things, whether it's the media, or whether it's production, 125 00:06:22,360 --> 00:06:23,400 Speaker 2: or whether it's curriculum. 126 00:06:23,440 --> 00:06:25,159 Speaker 1: There's there's so many other things to do. 127 00:06:25,240 --> 00:06:27,040 Speaker 2: And so yeah, I still have to allocate time to 128 00:06:27,080 --> 00:06:28,960 Speaker 2: make sure I'm doing this just because it's something I 129 00:06:29,120 --> 00:06:31,800 Speaker 2: love to do. But I would imagine, like imagine there's 130 00:06:31,800 --> 00:06:34,440 Speaker 2: so many people that have ample amount of time that 131 00:06:34,480 --> 00:06:38,320 Speaker 2: aren't even executing on it, right. So, like having results 132 00:06:38,440 --> 00:06:40,920 Speaker 2: is great, but I think what separates people is number one, 133 00:06:40,920 --> 00:06:43,200 Speaker 2: how they allocate in the time. But when it's time 134 00:06:43,279 --> 00:06:45,920 Speaker 2: to make the decision and press the button to either 135 00:06:46,000 --> 00:06:48,720 Speaker 2: buy or sell or are you going to do it? 136 00:06:49,080 --> 00:06:50,880 Speaker 1: Yep, because people. 137 00:06:50,640 --> 00:06:53,200 Speaker 2: Can watch and you can learn all the fundamentals you want, 138 00:06:53,520 --> 00:06:56,240 Speaker 2: all the technicals you want. You can listen to as 139 00:06:56,279 --> 00:06:59,440 Speaker 2: many podcasts as you want and as many audio books. 140 00:07:00,080 --> 00:07:02,360 Speaker 2: When it's time for you to open that brokerage account, 141 00:07:02,680 --> 00:07:04,919 Speaker 2: put some money in there and make the contend that 142 00:07:04,960 --> 00:07:07,680 Speaker 2: you're going to do invest will you do it? 143 00:07:08,360 --> 00:07:11,440 Speaker 1: And that's what's going to separate people. And if you 144 00:07:11,480 --> 00:07:16,440 Speaker 1: don't do that properly, you turn to a hater. These 145 00:07:16,440 --> 00:07:17,600 Speaker 1: are some of the side effects. 146 00:07:18,360 --> 00:07:21,920 Speaker 3: Absolutely, master your craft, and I'm gonna stress this again. 147 00:07:23,040 --> 00:07:27,240 Speaker 3: Master one target. For those you who tradeing es zb ub, 148 00:07:27,480 --> 00:07:29,920 Speaker 3: there's no excuse why you can't hit four ticks. For 149 00:07:29,960 --> 00:07:31,760 Speaker 3: those who don't know what ticks are, it's the equivalent 150 00:07:31,800 --> 00:07:35,440 Speaker 3: of four pennies. So you're telling me you can't go 151 00:07:35,480 --> 00:07:38,280 Speaker 3: from ninety six thirty one to ninety six thirty five 152 00:07:40,680 --> 00:07:45,160 Speaker 3: and then for trades max in a week, stack those wins. 153 00:07:45,320 --> 00:07:47,560 Speaker 3: Then you can scale up your contracts and then you 154 00:07:47,600 --> 00:07:53,480 Speaker 3: get to make the big bucks and leave mcdalas. It's 155 00:07:53,520 --> 00:07:55,120 Speaker 3: not that hard man stay locked in. 156 00:07:55,320 --> 00:07:58,920 Speaker 4: An illegal alien from Guatemala charged with raping a child 157 00:07:59,000 --> 00:08:02,800 Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador 158 00:08:03,040 --> 00:08:07,200 Speaker 4: accused of murdering a Texas. Man of Venezuelan charged with 159 00:08:07,240 --> 00:08:11,160 Speaker 4: filming and selling child pornography in Michigan. These are just 160 00:08:11,240 --> 00:08:15,000 Speaker 4: some of the heinous migrant criminals caught because of President 161 00:08:15,040 --> 00:08:18,640 Speaker 4: Donald J. Trump's leadership. I'm Christy nom the United States 162 00:08:18,640 --> 00:08:23,440 Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border 163 00:08:23,480 --> 00:08:27,040 Speaker 4: crossings are at the lowest levels ever recorded, and over 164 00:08:27,080 --> 00:08:30,280 Speaker 4: one hundred thousand illegal aliens have been arrested. If you 165 00:08:30,360 --> 00:08:34,240 Speaker 4: are here illegally, your next you will be fined nearly 166 00:08:34,320 --> 00:08:38,320 Speaker 4: one thousand dollars a day, imprisoned, and deported. You will 167 00:08:38,360 --> 00:08:42,000 Speaker 4: never return. But if you register using our CBP home 168 00:08:42,040 --> 00:08:45,439 Speaker 4: app and leave now, you could be allowed to return legally. 169 00:08:45,800 --> 00:08:50,559 Speaker 4: Do what's right. Leave now. Under President Trump, America's laws, 170 00:08:50,720 --> 00:08:53,160 Speaker 4: border and families will be protected. 171 00:08:53,240 --> 00:08:55,400 Speaker 1: Sponsored by the United States Department of Homeland Security,