WEBVTT - Cliff Notes: Essential Stock Futures Trading Tips

0:00:01.240 --> 0:00:02.000
<v Speaker 1>Earners. What's up.

0:00:02.080 --> 0:00:04.560
<v Speaker 2>You ever walk into a small business and everything just

0:00:04.720 --> 0:00:07.880
<v Speaker 2>works like The checkout is fast, the receipts are digital,

0:00:08.400 --> 0:00:11.399
<v Speaker 2>tipping is a breeze, and you're out the door before

0:00:11.400 --> 0:00:15.560
<v Speaker 2>the line even builds. Odds are they're using Square. We

0:00:15.720 --> 0:00:18.280
<v Speaker 2>love supporting businesses that run on Square because it just

0:00:18.280 --> 0:00:21.520
<v Speaker 2>feels seamless. Whether it's a local coffee shop, a vendor

0:00:21.560 --> 0:00:23.840
<v Speaker 2>at a pop up market, or even one of our

0:00:23.880 --> 0:00:27.560
<v Speaker 2>merch partners, Square makes it easy for them to take payments,

0:00:27.760 --> 0:00:31.480
<v Speaker 2>manage inventory, and run their business with confidence, all from

0:00:31.600 --> 0:00:35.000
<v Speaker 2>one simple system. If you're a business owner or even

0:00:35.080 --> 0:00:38.600
<v Speaker 2>just thinking about launching something soon, Square is hands down

0:00:38.640 --> 0:00:41.680
<v Speaker 2>one of the best tools out there to help you start, run,

0:00:41.920 --> 0:00:45.240
<v Speaker 2>and grow. It's not just about payments, it's about giving

0:00:45.240 --> 0:00:47.519
<v Speaker 2>you time back so you can focus.

0:00:47.159 --> 0:00:48.760
<v Speaker 1>On what matters most Ready.

0:00:48.760 --> 0:00:52.159
<v Speaker 2>To see how Square can transform your business, visit Square

0:00:52.240 --> 0:00:56.760
<v Speaker 2>dot com backslash go backslash eyl to learn more that

0:00:56.960 --> 0:01:02.400
<v Speaker 2>Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

0:01:02.520 --> 0:01:04.880
<v Speaker 2>Let's Square handle the back end so you can keep

0:01:04.920 --> 0:01:11.000
<v Speaker 2>pushing your vision forward. This episode is brought to you

0:01:11.040 --> 0:01:13.320
<v Speaker 2>by P and C Bank, a lot of people think

0:01:13.360 --> 0:01:17.240
<v Speaker 2>podcasts about work are boring, and sure they definitely can be,

0:01:17.760 --> 0:01:21.000
<v Speaker 2>but understanding of professional's routine shows us how they achieve

0:01:21.080 --> 0:01:25.280
<v Speaker 2>their success little by little, day after day. It's like

0:01:25.360 --> 0:01:28.160
<v Speaker 2>banking with P and C Bank. It might seem boring

0:01:28.160 --> 0:01:31.000
<v Speaker 2>to save, plan and make calculated decisions with your bank,

0:01:31.440 --> 0:01:33.920
<v Speaker 2>but keeping your money boring is what helps you live

0:01:34.080 --> 0:01:38.080
<v Speaker 2>or more happily fulfilled life. P and C Bank Brilliantly

0:01:38.160 --> 0:01:42.720
<v Speaker 2>Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty

0:01:42.720 --> 0:01:45.520
<v Speaker 2>five is a service mark of the PNC Financial Service

0:01:45.560 --> 0:01:49.880
<v Speaker 2>Group Inc. P and C Bank National Association Member FDIIC.

0:01:51.720 --> 0:01:55.000
<v Speaker 1>What's the Future's tip for the week? I really at

0:01:55.080 --> 0:01:56.920
<v Speaker 1>five Number one.

0:01:57.200 --> 0:02:00.240
<v Speaker 3>I've said it before, but after a conversation I had yesterday,

0:02:00.600 --> 0:02:03.000
<v Speaker 3>Please master one short target. Whether you're doing options for

0:02:03.080 --> 0:02:07.360
<v Speaker 3>futures one, please write it in chat one. Marry that

0:02:07.520 --> 0:02:10.079
<v Speaker 3>fucking target for the next year and a half.

0:02:10.880 --> 0:02:11.480
<v Speaker 1>I don't care.

0:02:11.639 --> 0:02:14.320
<v Speaker 3>What I want traders to do is I want you

0:02:14.360 --> 0:02:16.840
<v Speaker 3>from going to having a lot of knowledge about trading

0:02:17.160 --> 0:02:20.200
<v Speaker 3>to extracting money from the market. That's your job, right

0:02:20.880 --> 0:02:26.120
<v Speaker 3>Number two four moving averages. So once again today on Monday,

0:02:26.800 --> 0:02:28.880
<v Speaker 3>if you look at the twenty day moving average, the

0:02:29.000 --> 0:02:31.960
<v Speaker 3>fifty to seventy two to one hundred, the market bled under.

0:02:32.520 --> 0:02:35.799
<v Speaker 3>If the market is underneath all four moving averages, it's

0:02:35.840 --> 0:02:38.079
<v Speaker 3>probably not going to come back. You can let your

0:02:38.160 --> 0:02:40.799
<v Speaker 3>trade run longer, and if you put on a high

0:02:40.880 --> 0:02:43.519
<v Speaker 3>and low for the week or the month on trading

0:02:43.600 --> 0:02:46.000
<v Speaker 3>view or think or swim, you can see where you

0:02:46.040 --> 0:02:49.480
<v Speaker 3>should exit. But if something goes above those four moving averages,

0:02:49.760 --> 0:02:52.959
<v Speaker 3>it's going to stay to the upside. Number three, writing

0:02:53.040 --> 0:02:56.520
<v Speaker 3>in chat, overtrading is the devil talking to my guy.

0:02:56.560 --> 0:02:57.880
<v Speaker 3>I don't know if you want me to say his name,

0:02:57.919 --> 0:03:01.720
<v Speaker 3>but I was talking to my guy yesterday and I'm like, you,

0:03:01.880 --> 0:03:04.720
<v Speaker 3>legit can be at fifteen thousand and sixteen thousand a week.

0:03:04.960 --> 0:03:06.359
<v Speaker 1>What's stopping you from getting there?

0:03:06.400 --> 0:03:09.360
<v Speaker 3>He was like the overtrading sometimes as traders, we know

0:03:09.440 --> 0:03:10.760
<v Speaker 3>so much and can see so much.

0:03:11.200 --> 0:03:13.800
<v Speaker 1>We can see what a vwyp line is for other traders.

0:03:13.800 --> 0:03:16.320
<v Speaker 3>We can see where pivots are, we can see we're moving,

0:03:16.360 --> 0:03:18.320
<v Speaker 3>our averages are the options.

0:03:17.960 --> 0:03:19.640
<v Speaker 1>Chain, and then you get overwhelmed.

0:03:20.320 --> 0:03:24.320
<v Speaker 3>Overtrading is like going into deep credit card debt at

0:03:24.360 --> 0:03:27.600
<v Speaker 3>twenty five percent and a lot of it takes discipline,

0:03:27.600 --> 0:03:28.400
<v Speaker 3>but the core of it.

0:03:28.560 --> 0:03:30.160
<v Speaker 1>Do you feel worthy enough.

0:03:29.960 --> 0:03:31.680
<v Speaker 3>That you should be able to make one hundred thousand

0:03:31.720 --> 0:03:34.920
<v Speaker 3>dollars in a week, in a day, five six hundred

0:03:34.960 --> 0:03:37.760
<v Speaker 3>thousand dollars in a year, a million plus in a year.

0:03:38.000 --> 0:03:39.040
<v Speaker 1>So work on a psyche.

0:03:39.680 --> 0:03:42.880
<v Speaker 3>And fourth and final, if you are not comfortable with

0:03:43.080 --> 0:03:45.920
<v Speaker 3>just using a short target, split your targets.

0:03:46.000 --> 0:03:47.720
<v Speaker 1>I don't like red Panda. I don't want you to

0:03:47.760 --> 0:03:50.320
<v Speaker 1>do it. So es Nasdak.

0:03:49.920 --> 0:03:54.600
<v Speaker 3>Zbub use four tick in futures, Nazdak use forty ticks.

0:03:54.800 --> 0:03:58.160
<v Speaker 3>But if you are trading, let's say nasdak, your first

0:03:58.200 --> 0:04:01.520
<v Speaker 3>target can be forty ticks. Second target after that can

0:04:01.520 --> 0:04:03.640
<v Speaker 3>be two hundred and twenty. So let's say if you're

0:04:03.680 --> 0:04:06.560
<v Speaker 3>trading eight contracts, I would have four contracts take profit

0:04:06.880 --> 0:04:09.800
<v Speaker 3>at forty ticks. My second target will be two twenty.

0:04:09.880 --> 0:04:12.200
<v Speaker 3>It will bring my averages up and that way you

0:04:12.200 --> 0:04:14.320
<v Speaker 3>don't feel like you missed out on a longer move.

0:04:14.480 --> 0:04:18.279
<v Speaker 3>And I need you to stop focusing on knowing more information.

0:04:18.800 --> 0:04:21.440
<v Speaker 3>You need more execution and you need to be able

0:04:21.480 --> 0:04:24.200
<v Speaker 3>to extract money out of the market. And Troy, that's

0:04:24.200 --> 0:04:27.080
<v Speaker 3>why I told you like when you start doing options.

0:04:27.120 --> 0:04:29.280
<v Speaker 3>I'm like, yeah, you're a giddy year MVP because it's

0:04:29.320 --> 0:04:33.760
<v Speaker 3>people who knew more about options. And then when I said, well,

0:04:33.800 --> 0:04:36.320
<v Speaker 3>what you may i've been when we was in the hotel,

0:04:36.400 --> 0:04:40.600
<v Speaker 3>we were like, in LA, that's someone's salary. I think

0:04:40.600 --> 0:04:44.359
<v Speaker 3>you were like eight months in. I'm like, allegedly allegedly

0:04:44.440 --> 0:04:48.240
<v Speaker 3>hypothetically right, yeah, me and Rashad Diddy mack in this

0:04:48.279 --> 0:04:49.040
<v Speaker 3>year wasn't alleged.

0:04:50.880 --> 0:04:52.600
<v Speaker 1>But my thing is like, you can know so.

0:04:52.640 --> 0:04:58.600
<v Speaker 3>Much about Fibonacci, Fibonacci extensions, pivot points, RSI, macde, balance

0:04:58.640 --> 0:05:00.200
<v Speaker 3>of market, how you can read all this sh but

0:05:00.240 --> 0:05:03.680
<v Speaker 3>when it's time to make the money, are you doing

0:05:03.720 --> 0:05:06.320
<v Speaker 3>what's necessary? And I was telling my guy like, even

0:05:06.320 --> 0:05:09.200
<v Speaker 3>with market, mondays, I love the consistency of me even

0:05:09.279 --> 0:05:13.160
<v Speaker 3>having to get better at the media. Once your hour's

0:05:13.200 --> 0:05:15.560
<v Speaker 3>done and trading, walk away and do something else.

0:05:15.960 --> 0:05:16.680
<v Speaker 1>You have to match.

0:05:16.760 --> 0:05:18.160
<v Speaker 3>And this is a great lesson I think we should

0:05:18.200 --> 0:05:22.120
<v Speaker 3>talk about in this new century and definitely this next decade,

0:05:22.200 --> 0:05:25.320
<v Speaker 3>You're gonna have to master multiple crafts. You're gonna have

0:05:25.360 --> 0:05:32.400
<v Speaker 3>to know how to invest, trade, market, do media, AI, programming,

0:05:32.560 --> 0:05:34.159
<v Speaker 3>and be great at all of them.

0:05:34.560 --> 0:05:35.240
<v Speaker 1>You can argue.

0:05:35.480 --> 0:05:38.240
<v Speaker 3>Elon is a great salesman, one of the highest Q

0:05:38.400 --> 0:05:42.120
<v Speaker 3>scores I think we've ever seen in history, great innovator,

0:05:42.560 --> 0:05:47.559
<v Speaker 3>great designer, great programmer, great engineer. He's still having fucking

0:05:47.600 --> 0:05:51.240
<v Speaker 3>issues at his company. You can't lean on one thing anymore.

0:05:51.720 --> 0:05:54.400
<v Speaker 3>You can't not in this decade. And if interest rates

0:05:54.440 --> 0:05:58.640
<v Speaker 3>actually go up, oh baby, it's gonna be tough.

0:05:59.200 --> 0:06:00.000
<v Speaker 1>It's gonna be tough.

0:06:00.320 --> 0:06:02.920
<v Speaker 2>I mean, that's why it's important to keep the main

0:06:02.960 --> 0:06:03.800
<v Speaker 2>thing the main thing.

0:06:04.279 --> 0:06:10.320
<v Speaker 1>And really you gotta allocate your time. It's important.

0:06:10.360 --> 0:06:12.880
<v Speaker 2>I think one of the people ask me all the time, go, well,

0:06:13.080 --> 0:06:14.800
<v Speaker 2>what is one of the biggest regrets you have in

0:06:14.800 --> 0:06:16.640
<v Speaker 2>investment is that I don't even have enough time to

0:06:16.680 --> 0:06:19.720
<v Speaker 2>do it like full time, right, because there's so many

0:06:19.760 --> 0:06:22.159
<v Speaker 2>other things, whether it's the media, or whether it's production,

0:06:22.360 --> 0:06:23.400
<v Speaker 2>or whether it's curriculum.

0:06:23.440 --> 0:06:25.159
<v Speaker 1>There's there's so many other things to do.

0:06:25.240 --> 0:06:27.040
<v Speaker 2>And so yeah, I still have to allocate time to

0:06:27.080 --> 0:06:28.960
<v Speaker 2>make sure I'm doing this just because it's something I

0:06:29.120 --> 0:06:31.800
<v Speaker 2>love to do. But I would imagine, like imagine there's

0:06:31.800 --> 0:06:34.440
<v Speaker 2>so many people that have ample amount of time that

0:06:34.480 --> 0:06:38.320
<v Speaker 2>aren't even executing on it, right. So, like having results

0:06:38.440 --> 0:06:40.920
<v Speaker 2>is great, but I think what separates people is number one,

0:06:40.920 --> 0:06:43.200
<v Speaker 2>how they allocate in the time. But when it's time

0:06:43.279 --> 0:06:45.920
<v Speaker 2>to make the decision and press the button to either

0:06:46.000 --> 0:06:48.720
<v Speaker 2>buy or sell or are you going to do it?

0:06:49.080 --> 0:06:50.880
<v Speaker 1>Yep, because people.

0:06:50.640 --> 0:06:53.200
<v Speaker 2>Can watch and you can learn all the fundamentals you want,

0:06:53.520 --> 0:06:56.240
<v Speaker 2>all the technicals you want. You can listen to as

0:06:56.279 --> 0:06:59.440
<v Speaker 2>many podcasts as you want and as many audio books.

0:07:00.080 --> 0:07:02.360
<v Speaker 2>When it's time for you to open that brokerage account,

0:07:02.680 --> 0:07:04.919
<v Speaker 2>put some money in there and make the contend that

0:07:04.960 --> 0:07:07.680
<v Speaker 2>you're going to do invest will you do it?

0:07:08.360 --> 0:07:11.440
<v Speaker 1>And that's what's going to separate people. And if you

0:07:11.480 --> 0:07:16.440
<v Speaker 1>don't do that properly, you turn to a hater. These

0:07:16.440 --> 0:07:17.600
<v Speaker 1>are some of the side effects.

0:07:18.360 --> 0:07:21.920
<v Speaker 3>Absolutely, master your craft, and I'm gonna stress this again.

0:07:23.040 --> 0:07:27.240
<v Speaker 3>Master one target. For those you who tradeing es zb ub,

0:07:27.480 --> 0:07:29.920
<v Speaker 3>there's no excuse why you can't hit four ticks. For

0:07:29.960 --> 0:07:31.760
<v Speaker 3>those who don't know what ticks are, it's the equivalent

0:07:31.800 --> 0:07:35.440
<v Speaker 3>of four pennies. So you're telling me you can't go

0:07:35.480 --> 0:07:38.280
<v Speaker 3>from ninety six thirty one to ninety six thirty five

0:07:40.680 --> 0:07:45.160
<v Speaker 3>and then for trades max in a week, stack those wins.

0:07:45.320 --> 0:07:47.560
<v Speaker 3>Then you can scale up your contracts and then you

0:07:47.600 --> 0:07:53.480
<v Speaker 3>get to make the big bucks and leave mcdalas. It's

0:07:53.520 --> 0:07:55.120
<v Speaker 3>not that hard man stay locked in.

0:07:55.320 --> 0:07:58.920
<v Speaker 4>An illegal alien from Guatemala charged with raping a child

0:07:59.000 --> 0:08:02.800
<v Speaker 4>in Massachusetts. An MS thirteen gang member from Al Salvador

0:08:03.040 --> 0:08:07.200
<v Speaker 4>accused of murdering a Texas. Man of Venezuelan charged with

0:08:07.240 --> 0:08:11.160
<v Speaker 4>filming and selling child pornography in Michigan. These are just

0:08:11.240 --> 0:08:15.000
<v Speaker 4>some of the heinous migrant criminals caught because of President

0:08:15.040 --> 0:08:18.640
<v Speaker 4>Donald J. Trump's leadership. I'm Christy nom the United States

0:08:18.640 --> 0:08:23.440
<v Speaker 4>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:08:23.480 --> 0:08:27.040
<v Speaker 4>crossings are at the lowest levels ever recorded, and over

0:08:27.080 --> 0:08:30.280
<v Speaker 4>one hundred thousand illegal aliens have been arrested. If you

0:08:30.360 --> 0:08:34.240
<v Speaker 4>are here illegally, your next you will be fined nearly

0:08:34.320 --> 0:08:38.320
<v Speaker 4>one thousand dollars a day, imprisoned, and deported. You will

0:08:38.360 --> 0:08:42.000
<v Speaker 4>never return. But if you register using our CBP home

0:08:42.040 --> 0:08:45.439
<v Speaker 4>app and leave now, you could be allowed to return legally.

0:08:45.800 --> 0:08:50.559
<v Speaker 4>Do what's right. Leave now. Under President Trump, America's laws,

0:08:50.720 --> 0:08:53.160
<v Speaker 4>border and families will be protected.

0:08:53.240 --> 0:08:55.400
<v Speaker 1>Sponsored by the United States Department of Homeland Security,