1 00:00:00,600 --> 00:00:01,560 Speaker 1: Earners, what's going on? 2 00:00:01,639 --> 00:00:03,400 Speaker 2: You are now locked in the cliff Notes, the number 3 00:00:03,400 --> 00:00:06,520 Speaker 2: one place for investment strategies, tips and advice. Make sure 4 00:00:06,559 --> 00:00:08,760 Speaker 2: you have your notepads ready, but more importantly, make sure 5 00:00:08,800 --> 00:00:12,120 Speaker 2: you're ready to execute on the information. All right, So, earners, 6 00:00:12,160 --> 00:00:15,680 Speaker 2: the time has come, eylu Grad School is here, and 7 00:00:15,720 --> 00:00:16,079 Speaker 2: you know how. 8 00:00:16,079 --> 00:00:16,680 Speaker 1: We bringing it. 9 00:00:16,760 --> 00:00:20,160 Speaker 2: Over one hundred past webinars, weekly webinars from industry experts, 10 00:00:20,320 --> 00:00:23,040 Speaker 2: monthly Financial Planet calls over a shot, our movie and 11 00:00:23,040 --> 00:00:26,160 Speaker 2: book club, access to our private investment group on Facebook, 12 00:00:26,280 --> 00:00:29,360 Speaker 2: and we've just added the home Buyers Blueprint Value one 13 00:00:29,480 --> 00:00:32,400 Speaker 2: reloaded from our brother MG, The Boys Guy, which has 14 00:00:32,440 --> 00:00:34,440 Speaker 2: over twelve hours of content to guide you through the 15 00:00:34,440 --> 00:00:36,720 Speaker 2: process of buying a home with a number of home 16 00:00:36,760 --> 00:00:39,120 Speaker 2: buying programs to get you through the process, y'all. And 17 00:00:39,200 --> 00:00:41,519 Speaker 2: in addition to that, you now have access to our 18 00:00:41,640 --> 00:00:45,360 Speaker 2: weekly mentorship calls for all things real Estate, hosted again 19 00:00:45,440 --> 00:00:48,080 Speaker 2: by our brother MG. It's an amazing package. We put 20 00:00:48,120 --> 00:00:49,800 Speaker 2: it all together. We can't wait for you to see 21 00:00:49,840 --> 00:00:50,199 Speaker 2: it and be. 22 00:00:50,120 --> 00:00:52,120 Speaker 1: A part of it. And right now it's fifty percent off. 23 00:00:52,200 --> 00:00:53,239 Speaker 2: So all you got to do is head over to 24 00:00:53,240 --> 00:00:56,279 Speaker 2: Eyluniversity dot com and you're gonna get fifty percent off. 25 00:00:56,320 --> 00:00:58,360 Speaker 1: But yeah, shout out to al the. 26 00:00:58,320 --> 00:01:02,720 Speaker 3: Top performing assets of so silver took the lead. It 27 00:01:02,840 --> 00:01:04,680 Speaker 3: drew down thirty four percent at one point and went 28 00:01:04,720 --> 00:01:07,200 Speaker 3: up one hundred and twenty seven. I know everybody was 29 00:01:07,240 --> 00:01:09,479 Speaker 3: so happy about gold. Gold had a lower draw down 30 00:01:09,600 --> 00:01:12,679 Speaker 3: but also had a lower return. Then small cap stocks 31 00:01:12,680 --> 00:01:15,520 Speaker 3: took off like crazy, and then crude had a nice 32 00:01:15,560 --> 00:01:16,559 Speaker 3: bounce off of that low. 33 00:01:16,760 --> 00:01:17,319 Speaker 1: That happened. 34 00:01:17,319 --> 00:01:19,520 Speaker 3: But if you look at the bond market, the bond 35 00:01:19,560 --> 00:01:24,600 Speaker 3: market is a hedge. Didn't draw down that much, but 36 00:01:24,640 --> 00:01:27,120 Speaker 3: it didn't grow that much, right, so a lot of 37 00:01:27,160 --> 00:01:29,959 Speaker 3: you were asking about how to include bonds into it. 38 00:01:29,959 --> 00:01:31,400 Speaker 3: It's not going to give you the best game. It's 39 00:01:31,400 --> 00:01:33,400 Speaker 3: going to give you a decent a decent hedge. However, 40 00:01:33,800 --> 00:01:35,320 Speaker 3: so we can see the returns here if you want 41 00:01:35,319 --> 00:01:39,000 Speaker 3: to screenshot this Silver forty seven percent. Small cap was 42 00:01:39,040 --> 00:01:43,080 Speaker 3: eighteen percent, Canadian stocks two point eight, corporate bonds nine 43 00:01:43,080 --> 00:01:49,040 Speaker 3: point seven. Once again to Tech two index, very simple formula, 44 00:01:49,960 --> 00:01:52,040 Speaker 3: uh Tech performing the best in twenty twenty, hands down, 45 00:01:52,040 --> 00:01:54,200 Speaker 3: So you can see information technology on average was at 46 00:01:54,280 --> 00:01:58,640 Speaker 3: eighty nine percent assuming discretion Earia was second. Third was communication. 47 00:01:58,880 --> 00:02:01,639 Speaker 3: This mix will not change. I know some of your wondering. 48 00:02:01,680 --> 00:02:03,800 Speaker 3: Will engine energy turn around in twenty twenty one to 49 00:02:03,880 --> 00:02:06,200 Speaker 3: twenty two, They're going to be at the bottom of 50 00:02:06,240 --> 00:02:10,160 Speaker 3: the barrel. Financials may bump up this year, more so 51 00:02:10,280 --> 00:02:12,520 Speaker 3: probably in twenty twenty three if interest rates go up, 52 00:02:12,520 --> 00:02:15,160 Speaker 3: but until then tech will be the dominant leader. Now, 53 00:02:15,200 --> 00:02:19,160 Speaker 3: let's look at currencies. The Swiss frank only drew down 54 00:02:19,200 --> 00:02:21,360 Speaker 3: two point one percent, so it only lost two point 55 00:02:21,360 --> 00:02:23,760 Speaker 3: one percent of its value. I want you to go 56 00:02:23,800 --> 00:02:26,320 Speaker 3: look at the correlation for how they handle COVID versus 57 00:02:26,400 --> 00:02:29,639 Speaker 3: other countries, and the Chinese wand only lost two point 58 00:02:29,720 --> 00:02:34,400 Speaker 3: nine percent, so the Australian dollar lost more twenty one 59 00:02:34,400 --> 00:02:36,840 Speaker 3: point five and the rebounded well. But we want to 60 00:02:36,880 --> 00:02:40,080 Speaker 3: put our money into things that have lowest draw down. 61 00:02:40,639 --> 00:02:43,560 Speaker 3: Big gains are great, but not everyone is able to 62 00:02:43,600 --> 00:02:46,520 Speaker 3: sit through a drawdown of fifty percent of forty five percent. 63 00:02:47,240 --> 00:02:49,280 Speaker 3: The first thing you need to look at at any 64 00:02:49,320 --> 00:02:52,400 Speaker 3: asset is what's the highest draw down over a ten 65 00:02:52,480 --> 00:02:55,760 Speaker 3: year period that asset has. That wild tell you how 66 00:02:55,840 --> 00:02:58,560 Speaker 3: much safety you have in it. The biggest win is 67 00:02:58,560 --> 00:03:01,280 Speaker 3: of twenty twenty Novavak. I don't think it would be 68 00:03:01,440 --> 00:03:04,240 Speaker 3: that great this year, but it had a hell of 69 00:03:04,280 --> 00:03:07,200 Speaker 3: a run. Tesla. Of course, Tessa is going to be 70 00:03:07,200 --> 00:03:10,520 Speaker 3: to the moon. Maderna solid zone. Of course, Bitcoin on 71 00:03:10,560 --> 00:03:12,600 Speaker 3: overshot is happy because he didn't sell all his coins 72 00:03:13,400 --> 00:03:15,000 Speaker 3: and there was a bunch of IPOs, and I think 73 00:03:15,040 --> 00:03:17,520 Speaker 3: that the SPAC thing is done, even though there's maybe 74 00:03:17,520 --> 00:03:19,440 Speaker 3: one or two companies that have done a decent job 75 00:03:19,760 --> 00:03:23,000 Speaker 3: with him and the biggest losers Carnival. I hope they're 76 00:03:23,040 --> 00:03:24,639 Speaker 3: able to rebound because if not, there's a lot of 77 00:03:24,639 --> 00:03:26,280 Speaker 3: people that are going to lose their jobs and never 78 00:03:26,360 --> 00:03:31,600 Speaker 3: be able to recover. Energy stocks, Air Canada crew and 79 00:03:31,639 --> 00:03:33,400 Speaker 3: then the Footsie one hundred. So a lot of you 80 00:03:33,480 --> 00:03:38,120 Speaker 3: are looking for international exposure. I could argue that Silicon 81 00:03:38,240 --> 00:03:42,120 Speaker 3: Valley has the best talent from most nations that have 82 00:03:42,240 --> 00:03:46,800 Speaker 3: been drafted here. The international exposure that you need for 83 00:03:46,920 --> 00:03:53,080 Speaker 3: most global corporations are going to be domestic based. So 84 00:03:53,400 --> 00:03:55,360 Speaker 3: I need you to type in chat, what is the 85 00:03:55,400 --> 00:03:58,520 Speaker 3: return you want to get this year? Because this year 86 00:03:58,600 --> 00:04:01,480 Speaker 3: is not going to be like last, so the probability 87 00:04:01,480 --> 00:04:03,240 Speaker 3: of getting one hundred percent return in the year is 88 00:04:03,240 --> 00:04:05,120 Speaker 3: going to be a lot lower. I want you to 89 00:04:05,120 --> 00:04:07,040 Speaker 3: set the baseline for what you want to get in 90 00:04:07,080 --> 00:04:10,320 Speaker 3: terms of return and be happy with that, and anything 91 00:04:10,360 --> 00:04:14,040 Speaker 3: above that is extra. For those of you who started 92 00:04:14,080 --> 00:04:16,400 Speaker 3: last year, I'm sorry, you're not gonna get sixty percent 93 00:04:16,680 --> 00:04:19,560 Speaker 3: on accident. This year, you'll be able to squeeze out 94 00:04:19,560 --> 00:04:22,880 Speaker 3: twenty five. You came in at a great time, but 95 00:04:23,040 --> 00:04:25,240 Speaker 3: I want us to be realistic. We're going to be 96 00:04:25,360 --> 00:04:27,360 Speaker 3: more on the tech side, maybe twenty to twenty eight 97 00:04:27,360 --> 00:04:31,919 Speaker 3: percent opposed to sixty and seventy and chart time. So 98 00:04:32,000 --> 00:04:34,000 Speaker 3: every week I'm going to go over the same and 99 00:04:34,040 --> 00:04:37,720 Speaker 3: I was going to give a new way to get 100 00:04:37,760 --> 00:04:40,400 Speaker 3: into the market. I'm actually a why the hell unch y'all? 101 00:04:40,440 --> 00:04:41,760 Speaker 3: Using the two hunred day moving average? 102 00:04:42,600 --> 00:04:45,040 Speaker 1: Ask him again, man, why can you. 103 00:04:45,000 --> 00:04:47,760 Speaker 3: Explain I because some people might be new, this might 104 00:04:47,800 --> 00:04:49,840 Speaker 3: be their first time ever watching market Monday. Can you 105 00:04:49,880 --> 00:04:51,920 Speaker 3: just explain what the two hundred day moving average is? 106 00:04:52,760 --> 00:04:55,080 Speaker 3: It takes a last two hundred days or collection of 107 00:04:55,160 --> 00:04:58,040 Speaker 3: data and then it marks off on this line where 108 00:04:58,160 --> 00:05:02,400 Speaker 3: the average is. So, if you're looking for an easy 109 00:05:02,400 --> 00:05:05,240 Speaker 3: and simple way to consistently get in, this is Microsoft 110 00:05:05,279 --> 00:05:07,200 Speaker 3: and it went down today. So if you look at 111 00:05:07,200 --> 00:05:10,839 Speaker 3: a daily chart, depending on what time horizon you look over, 112 00:05:11,560 --> 00:05:15,280 Speaker 3: Microsoft came down exactly to the spot and bounced up. 113 00:05:15,680 --> 00:05:18,039 Speaker 3: You can see the high few days prior with twenty seven. 114 00:05:18,440 --> 00:05:20,960 Speaker 3: This is around two thirteen. Give it about four or 115 00:05:20,960 --> 00:05:23,320 Speaker 3: five weeks you'll be able. So for those of you 116 00:05:23,360 --> 00:05:25,200 Speaker 3: who are like, hey, you guys never tell us how 117 00:05:25,200 --> 00:05:27,280 Speaker 3: to get get in, even though we gave five ways 118 00:05:27,360 --> 00:05:30,520 Speaker 3: last year, I'm going to focus on the two hundred 119 00:05:30,600 --> 00:05:33,159 Speaker 3: day moving average. And this is also a place where 120 00:05:33,160 --> 00:05:34,800 Speaker 3: you can start to load the boat. Load the boat. 121 00:05:35,120 --> 00:05:38,960 Speaker 3: This is where a lot of technicians, prop firms, hedge funds, 122 00:05:39,080 --> 00:05:42,200 Speaker 3: fund of fund managers are looking to get in. So 123 00:05:42,240 --> 00:05:47,600 Speaker 3: it's a universally respected indicator because it's not new, because 124 00:05:47,600 --> 00:05:51,200 Speaker 3: it's not sexy, and only nine people in Nova scotiad 125 00:05:51,240 --> 00:05:53,400 Speaker 3: know about it, and then somebody from Atlanta flew back 126 00:05:53,680 --> 00:05:56,599 Speaker 3: and dropped it to everybody in midtown. It's not valued 127 00:05:56,640 --> 00:05:59,520 Speaker 3: as much, but you need a system that's super easy 128 00:06:00,040 --> 00:06:02,920 Speaker 3: that you can use over and over again, and it's 129 00:06:02,920 --> 00:06:04,800 Speaker 3: an easy way to buy. So when we drop down 130 00:06:04,800 --> 00:06:08,960 Speaker 3: to and this is only for quality companies, only for quality. 131 00:06:09,120 --> 00:06:09,920 Speaker 3: So if you. 132 00:06:09,920 --> 00:06:13,160 Speaker 2: Find this episode is brought to you by P and 133 00:06:13,240 --> 00:06:16,320 Speaker 2: C Bank, A lot of people think podcasts about work 134 00:06:16,320 --> 00:06:20,280 Speaker 2: are boring, and sure, they definitely can be, but understanding 135 00:06:20,279 --> 00:06:23,320 Speaker 2: a professionals routine shows us how they achieve their success, 136 00:06:23,400 --> 00:06:26,520 Speaker 2: little by little, day after day. 137 00:06:26,640 --> 00:06:28,280 Speaker 1: It's like banking with P and C Bank. 138 00:06:28,760 --> 00:06:31,560 Speaker 2: It might seem boring to save, plan and make calculated 139 00:06:31,560 --> 00:06:34,680 Speaker 2: decisions with your bank, but keeping your money boring is 140 00:06:34,680 --> 00:06:38,040 Speaker 2: what helps you live or more happily fulfilled life. P 141 00:06:38,120 --> 00:06:42,960 Speaker 2: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 142 00:06:43,040 --> 00:06:45,640 Speaker 2: Boring since eighteen sixty five is a service mark of 143 00:06:45,680 --> 00:06:48,919 Speaker 2: the PNC Financial Service Group, Inc. P and C Bank 144 00:06:49,360 --> 00:06:52,080 Speaker 2: National Association Member FDIC. 145 00:06:54,680 --> 00:06:55,320 Speaker 1: Erness What's Up? 146 00:06:55,400 --> 00:06:57,880 Speaker 2: You ever walk into a small business and everything just 147 00:06:58,040 --> 00:07:01,240 Speaker 2: works like? The checkout is fast, the receipts are digital, 148 00:07:01,760 --> 00:07:04,719 Speaker 2: tipping is a breeze, and you're out the door before 149 00:07:04,760 --> 00:07:08,880 Speaker 2: the line even builds Odds are they're using Square? 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An MS thirteen gang member from Al Salvador 169 00:08:09,440 --> 00:08:13,600 Speaker 4: accused of murdering a Texas. Man of Venezuelan charged with 170 00:08:13,640 --> 00:08:17,560 Speaker 4: filming and selling child pornography in Michigan. These are just 171 00:08:17,640 --> 00:08:21,400 Speaker 4: some of the heinous migrant criminals caught because of President 172 00:08:21,440 --> 00:08:25,040 Speaker 4: Donald J. Trump's leadership. I'm Christy nom the United States 173 00:08:25,040 --> 00:08:29,840 Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border 174 00:08:29,880 --> 00:08:33,440 Speaker 4: crossings are at the lowest levels ever recorded, and over 175 00:08:33,480 --> 00:08:36,680 Speaker 4: one hundred thousand illegal aliens have been arrested. If you 176 00:08:36,760 --> 00:08:40,640 Speaker 4: are here illegally, your next you will be fined nearly 177 00:08:40,720 --> 00:08:44,720 Speaker 4: one thousand dollars a day, imprisoned and deported, you will 178 00:08:44,760 --> 00:08:48,400 Speaker 4: never return. But if you register using our CBP home 179 00:08:48,440 --> 00:08:51,840 Speaker 4: app and leave now, you could be allowed to return legally. 180 00:08:52,200 --> 00:08:56,959 Speaker 4: Do what's right. Leave now. Under President Trump America's laws, 181 00:08:57,120 --> 00:08:59,560 Speaker 4: border and families will be protected. 182 00:08:59,640 --> 00:09:02,640 Speaker 1: Spots about the United States Department at Homeland Security piece. 183 00:09:03,760 --> 00:09:05,319 Speaker 3: Hey, it doesn't apply to that because it's going to 184 00:09:05,400 --> 00:09:07,079 Speaker 3: burn through the two hundred. But a good company is 185 00:09:07,080 --> 00:09:09,120 Speaker 3: gonna come down around this area, maybe float a little 186 00:09:09,120 --> 00:09:11,800 Speaker 3: bit lower in three or four weeks, start to go up. 187 00:09:13,360 --> 00:09:15,400 Speaker 3: This is the perfect investment plan for twenty twenty one. 188 00:09:15,480 --> 00:09:18,560 Speaker 3: Write this down and I can hear y'all on YouTube 189 00:09:18,640 --> 00:09:23,679 Speaker 3: on a replay four long term positions for the year. 190 00:09:25,559 --> 00:09:28,480 Speaker 3: I'm gonna be real. I've talked to at least six 191 00:09:28,640 --> 00:09:30,880 Speaker 3: or seven hundred people that missed out on some great 192 00:09:30,880 --> 00:09:33,840 Speaker 3: companies because they were switching company. Oh. I like tests, 193 00:09:33,880 --> 00:09:34,960 Speaker 3: but I'm gonna get out of it and I'm gonna 194 00:09:34,960 --> 00:09:38,160 Speaker 3: get in iniol. I'm not mad at it. But whatever 195 00:09:38,240 --> 00:09:40,880 Speaker 3: you pick, I want you to marry the positions that 196 00:09:40,960 --> 00:09:44,880 Speaker 3: you have type and chat. Marry the positions now. If 197 00:09:44,920 --> 00:09:48,760 Speaker 3: you're wrong and the company's no good or the thesis 198 00:09:48,920 --> 00:09:52,400 Speaker 3: changes great. But if you have a great company, hold 199 00:09:52,520 --> 00:09:55,240 Speaker 3: on to it. Hold on to it. Like I said, 200 00:09:55,240 --> 00:09:57,360 Speaker 3: it's like having a star basketball player. I'm not trading 201 00:09:57,400 --> 00:09:59,360 Speaker 3: Michael Jordan for anything. Do not care? 202 00:10:00,200 --> 00:10:00,719 Speaker 1: Do not care. 203 00:10:01,400 --> 00:10:05,920 Speaker 3: Number Two twelve swing trades on the year, so that 204 00:10:06,040 --> 00:10:09,760 Speaker 3: whether that's futures, any other assets or derivatives, I want 205 00:10:09,760 --> 00:10:12,360 Speaker 3: you to take twelve. That's one per month. You should 206 00:10:12,400 --> 00:10:14,079 Speaker 3: know what the games that will come from that. And 207 00:10:14,160 --> 00:10:16,280 Speaker 3: then for short term investing, I want you to do 208 00:10:16,480 --> 00:10:19,360 Speaker 3: twenty four. This is not apply to the Snipers or 209 00:10:19,360 --> 00:10:21,400 Speaker 3: anybody in Alpha, but for everyone else. If you're looking 210 00:10:21,440 --> 00:10:24,400 Speaker 3: at futures, you can do twenty four trades and hit 211 00:10:24,480 --> 00:10:29,640 Speaker 3: a ridiculous return and be okay, okay, key point here. 212 00:10:29,840 --> 00:10:31,599 Speaker 3: I only want you to take trades that you know 213 00:10:31,720 --> 00:10:33,800 Speaker 3: will not lose. And here's how to know if it 214 00:10:33,840 --> 00:10:36,120 Speaker 3: won't lose. If you have to ask someone, Hey man, 215 00:10:36,160 --> 00:10:38,880 Speaker 3: Hey Troy, you think if I get in right here? 216 00:10:39,520 --> 00:10:42,319 Speaker 3: If I have to ask, it's not good. Your intuition 217 00:10:42,440 --> 00:10:45,439 Speaker 3: is already telling you. And then also when you take 218 00:10:45,480 --> 00:10:49,120 Speaker 3: a Saturday and go through the entire market, map out 219 00:10:49,120 --> 00:10:51,439 Speaker 3: where you want to get in those same bizones on 220 00:10:51,520 --> 00:10:54,080 Speaker 3: a macro level. Once you pare it down to your 221 00:10:54,240 --> 00:10:56,560 Speaker 3: entre daytime frames, they're gonna line up and you're gonna 222 00:10:56,600 --> 00:10:58,480 Speaker 3: have a chance to take a trade there as well, 223 00:10:58,559 --> 00:11:01,760 Speaker 3: and be okay. These are the top ten lessons to 224 00:11:01,800 --> 00:11:05,360 Speaker 3: improve your performance with trading. Number one, keep your losses small. 225 00:11:05,840 --> 00:11:08,160 Speaker 3: Your win should be ten times bigger than your losses. 226 00:11:10,000 --> 00:11:13,000 Speaker 3: Easy risk reward. You want to risk one to make ten. 227 00:11:13,840 --> 00:11:15,559 Speaker 3: Number two, don't chase a move. If you miss it, 228 00:11:15,679 --> 00:11:17,719 Speaker 3: let it go. Kudos to the snipers. You've seen me 229 00:11:17,800 --> 00:11:20,280 Speaker 3: do this, Send a text, miss my move and be 230 00:11:20,360 --> 00:11:21,160 Speaker 3: frustrated as hell. 231 00:11:21,760 --> 00:11:22,160 Speaker 1: I get it. 232 00:11:22,640 --> 00:11:25,240 Speaker 3: But once you're if you want to get into a position, 233 00:11:25,320 --> 00:11:27,680 Speaker 3: let's say at two hundred and forty four bucks, once 234 00:11:27,760 --> 00:11:30,880 Speaker 3: it goes to two forty five, if you're trading it, 235 00:11:31,040 --> 00:11:34,200 Speaker 3: don't touch it. Don't get distracted and miss an excellent setup. 236 00:11:34,840 --> 00:11:37,559 Speaker 3: Do not trade against the market. The market can eat 237 00:11:37,640 --> 00:11:41,880 Speaker 3: can only go north or south. Even with range bound 238 00:11:41,960 --> 00:11:45,480 Speaker 3: people like, oh, well we're ranging and we're consolidating. Man, 239 00:11:45,840 --> 00:11:48,240 Speaker 3: the move is either slowed down because it's going to 240 00:11:48,280 --> 00:11:51,920 Speaker 3: explode to the upside or downside. That's why everybody, oh man, 241 00:11:51,920 --> 00:11:54,920 Speaker 3: Apple slowed down okay, and then we saw it took 242 00:11:55,000 --> 00:11:58,400 Speaker 3: off like crazy. There is build up. I need you 243 00:11:58,520 --> 00:12:01,840 Speaker 3: to know this. When the market is constricting or getting tight, 244 00:12:02,720 --> 00:12:05,280 Speaker 3: that is the time to set up your moves on 245 00:12:05,440 --> 00:12:07,480 Speaker 3: a large So if you're looking at a day chart 246 00:12:07,600 --> 00:12:10,040 Speaker 3: or something higher, a breakout move is going to come. 247 00:12:11,640 --> 00:12:13,480 Speaker 3: Have the patience to wait three or four weeks for 248 00:12:13,520 --> 00:12:16,520 Speaker 3: it to break in your favor. Everyone's talking about financial freedom, 249 00:12:17,640 --> 00:12:19,360 Speaker 3: but you can't wait four to five weeks. You're trying 250 00:12:19,400 --> 00:12:22,800 Speaker 3: to flip. Don't flip. The money will be there. Do 251 00:12:22,960 --> 00:12:26,120 Speaker 3: not trade when the volume is low. I'm begging you, 252 00:12:26,160 --> 00:12:28,040 Speaker 3: you're going to get your head chopped off, your account 253 00:12:28,040 --> 00:12:32,080 Speaker 3: cut in half, and maybe margin call. Wait until volume 254 00:12:32,160 --> 00:12:34,000 Speaker 3: is at a peak so your orders can get filled. 255 00:12:34,320 --> 00:12:36,559 Speaker 3: You can get exits on your trades if you have 256 00:12:36,600 --> 00:12:39,800 Speaker 3: a predetermined area that you want to get out, and 257 00:12:39,920 --> 00:12:42,360 Speaker 3: then that way you won't be sitting in a loss 258 00:12:42,400 --> 00:12:45,120 Speaker 3: potentially for three or four hours either. And then, do 259 00:12:45,280 --> 00:12:48,439 Speaker 3: not trade overtrade under any circumstances. If your plan is 260 00:12:48,480 --> 00:12:50,319 Speaker 3: to take twenty four in the year, take twenty four 261 00:12:51,280 --> 00:12:54,120 Speaker 3: number seven. Do not increase your position size or dollar 262 00:12:54,160 --> 00:12:56,480 Speaker 3: amount and a trade to try and recover. So let's 263 00:12:56,520 --> 00:13:01,040 Speaker 3: say you are trading twenty contracts features and you lost 264 00:13:01,240 --> 00:13:03,320 Speaker 3: seven grand I do not want you to go trade 265 00:13:03,360 --> 00:13:06,319 Speaker 3: forty contracts just try and make up for it, because 266 00:13:06,360 --> 00:13:09,640 Speaker 3: you already got the direction wrong. So if you wrecked 267 00:13:09,679 --> 00:13:11,959 Speaker 3: a camera, I can't put you in a ferrari and 268 00:13:12,000 --> 00:13:15,840 Speaker 3: then let you wreck that as well. Come back trade 269 00:13:15,880 --> 00:13:17,679 Speaker 3: the same size, and if you're doing a one to 270 00:13:17,800 --> 00:13:20,880 Speaker 3: ten risk of reward ratio, you don't need that many 271 00:13:20,920 --> 00:13:22,800 Speaker 3: trades to recover the loss and be back in profit. 272 00:13:23,559 --> 00:13:23,960 Speaker 3: Number eight. 273 00:13:24,000 --> 00:13:24,400 Speaker 1: This is key. 274 00:13:24,480 --> 00:13:28,920 Speaker 3: Do not micromanager trades. Let them run once you secure profit. 275 00:13:29,160 --> 00:13:30,600 Speaker 3: So if you get in the trade and unlet's say 276 00:13:30,600 --> 00:13:33,880 Speaker 3: you're up ten percent and you lock in two percent, 277 00:13:34,559 --> 00:13:37,960 Speaker 3: let it run. If your target is forty percent, let 278 00:13:38,040 --> 00:13:40,880 Speaker 3: it go there. A lot of you are self sabotaging, 279 00:13:40,920 --> 00:13:43,079 Speaker 3: and we all do it and it takes time to 280 00:13:43,120 --> 00:13:46,120 Speaker 3: get over it. But a lot of people are self 281 00:13:46,120 --> 00:13:49,360 Speaker 3: sabotaging and cutting off winners when you could have let 282 00:13:49,640 --> 00:13:52,520 Speaker 3: certain stocks or trades run up thirty forty to fifty 283 00:13:52,600 --> 00:13:54,560 Speaker 3: eighty percent last year, and you cut them off at 284 00:13:54,559 --> 00:13:57,440 Speaker 3: ten percent. Know what your exit is before you enter 285 00:13:57,520 --> 00:13:59,719 Speaker 3: the trade. Number nine, do not trade if you're in 286 00:13:59,720 --> 00:14:02,000 Speaker 3: the bad. If you got into argument with your kids 287 00:14:02,600 --> 00:14:04,840 Speaker 3: and you made them breakfast and they spilled juice juice 288 00:14:04,840 --> 00:14:06,760 Speaker 3: all over your keyboard, don't trade that day. I'm telling 289 00:14:06,760 --> 00:14:09,120 Speaker 3: you got into a fight with your significant other, don't 290 00:14:09,160 --> 00:14:11,559 Speaker 3: do it. And number ten this is the most important. 291 00:14:11,760 --> 00:14:15,000 Speaker 3: Do not trade unless you know what your statistical edge 292 00:14:15,120 --> 00:14:17,800 Speaker 3: is in the market. You should know your win percentage, 293 00:14:18,120 --> 00:14:21,000 Speaker 3: your profit factor, the best time to trade, and the 294 00:14:21,120 --> 00:14:24,720 Speaker 3: best asset that you trade. Once again, your win percentage, 295 00:14:25,080 --> 00:14:28,960 Speaker 3: your profit factor, the asset that you trade the best, 296 00:14:29,080 --> 00:14:31,920 Speaker 3: and what time of day you trade that best. This 297 00:14:32,080 --> 00:14:35,440 Speaker 3: is an off emotion. This has to be hard data 298 00:14:36,280 --> 00:14:36,680 Speaker 3: and that's it. 299 00:14:36,920 --> 00:14:39,160 Speaker 2: To hear a more extended conversation, make sure to check 300 00:14:39,200 --> 00:14:42,440 Speaker 2: out our live YouTube show Market Monday's every Monday, eight 301 00:14:42,480 --> 00:14:45,800 Speaker 2: pm Easter Standard time seven pm Central, and check out 302 00:14:45,840 --> 00:14:49,480 Speaker 2: the Market Monday's podcast on iHeart, Spotify, Apple or wherever 303 00:14:49,520 --> 00:14:50,600 Speaker 2: you download your podcast. 304 00:14:50,720 --> 00:14:50,840 Speaker 5: Now. 305 00:14:53,200 --> 00:14:59,200 Speaker 3: My graduates from my school being forced back drop Mike, 306 00:14:59,320 --> 00:15:01,480 Speaker 3: drop bag, drop digulous. 307 00:15:12,280 --> 00:15:16,119 Speaker 5: You just realized your business needed to hire someone yesterday. 308 00:15:16,680 --> 00:15:20,840 Speaker 5: How can you find amazing candidates fast? 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