1 00:00:00,120 --> 00:00:04,000 Speaker 1: How can traders and investors take advantage of the volatility 2 00:00:04,040 --> 00:00:09,399 Speaker 1: that we're seen in the market. You won't like the answer, 3 00:00:10,720 --> 00:00:13,399 Speaker 1: but stop chasing the volatility and you have nothing to 4 00:00:13,440 --> 00:00:17,279 Speaker 1: worry about if you buy quality. Another thing, if you're 5 00:00:17,400 --> 00:00:21,360 Speaker 1: not putting in work like y'all run this year, in 6 00:00:21,440 --> 00:00:24,119 Speaker 1: terms of interviews and in cre audience, I didn't know 7 00:00:24,120 --> 00:00:28,680 Speaker 1: about none of them, right, they're just working. They're not like, yo, hey, 8 00:00:28,840 --> 00:00:31,560 Speaker 1: guess what we're about to do. For my traders and investors, 9 00:00:31,600 --> 00:00:34,400 Speaker 1: this reminds me of twenty two, So it is lock 10 00:00:34,520 --> 00:00:36,959 Speaker 1: in season. If you're not putting in eight to ten 11 00:00:37,040 --> 00:00:40,800 Speaker 1: hours a day on charts, you can't chase these rams. 12 00:00:41,800 --> 00:00:43,640 Speaker 1: You have to hold for the long term. For my 13 00:00:43,720 --> 00:00:47,159 Speaker 1: traders who are incredibly dedicated, one of my favorite targets 14 00:00:47,280 --> 00:00:49,400 Speaker 1: I talked about it at the Mastermine is five hundred 15 00:00:49,400 --> 00:00:52,040 Speaker 1: and twenty three points on the down and ask that. 16 00:00:52,560 --> 00:00:55,880 Speaker 1: But for ninety percent of people, you shouldn't chase the volatility. 17 00:00:56,400 --> 00:01:00,000 Speaker 1: It's going to lead to you being chopped as a result, 18 00:01:00,320 --> 00:01:03,720 Speaker 1: because if you don't have the acumen and number of 19 00:01:03,800 --> 00:01:07,520 Speaker 1: reps to be able to take advantage of it, they're 20 00:01:07,520 --> 00:01:10,080 Speaker 1: gonna use you for liquidity. And I know it's not 21 00:01:10,120 --> 00:01:13,520 Speaker 1: the answer that you want, but sometimes safety is the 22 00:01:13,560 --> 00:01:16,240 Speaker 1: best answer if you have not put in the work 23 00:01:16,400 --> 00:01:18,679 Speaker 1: that allows you to get a lion's share of profits, 24 00:01:18,880 --> 00:01:21,120 Speaker 1: like I see it all the time. I don't know 25 00:01:21,160 --> 00:01:23,240 Speaker 1: how long you were in communication with her to get 26 00:01:23,240 --> 00:01:25,800 Speaker 1: that interview, but I'm sure it didn't happen in two weeks. 27 00:01:26,120 --> 00:01:28,399 Speaker 1: I've seen people try to interview people that you guys 28 00:01:28,400 --> 00:01:30,440 Speaker 1: have interviewed and they're like, man, I ain't get an 29 00:01:30,440 --> 00:01:32,160 Speaker 1: answer after three weeks. I'm like, they've been talking to 30 00:01:32,200 --> 00:01:33,800 Speaker 1: magic for fucking five years. 31 00:01:35,160 --> 00:01:36,000 Speaker 2: It takes time. 32 00:01:36,280 --> 00:01:38,400 Speaker 1: You want to be great at trading, and you didn't 33 00:01:38,440 --> 00:01:42,560 Speaker 1: listen the first time. Take three hundred practice trades, look 34 00:01:42,600 --> 00:01:46,720 Speaker 1: at the market every day, rainsleep, hell snow, breakup, somebody 35 00:01:46,760 --> 00:01:50,920 Speaker 1: mad about your comments. Lock in okay, then you can 36 00:01:51,000 --> 00:01:55,000 Speaker 1: chase volatility. Until then, invest long term into quality companies. 37 00:01:55,280 --> 00:01:57,320 Speaker 1: A lot of you are getting chopped because you're chasing 38 00:01:57,760 --> 00:02:01,560 Speaker 1: bullshit companies that don't have any value. Where's all the 39 00:02:01,600 --> 00:02:06,640 Speaker 1: talk about quandering SMCI shot to everybody SMCI, but there was. 40 00:02:06,600 --> 00:02:07,840 Speaker 2: Too much talk last year. 41 00:02:07,840 --> 00:02:10,040 Speaker 1: You don't know about this one, and the qulltum stocks 42 00:02:10,040 --> 00:02:10,760 Speaker 1: are gonna take over. 43 00:02:10,880 --> 00:02:12,240 Speaker 2: You're just get keeping. 44 00:02:12,560 --> 00:02:16,560 Speaker 1: Look at your account now rotating too, the shit that matters, 45 00:02:16,560 --> 00:02:18,600 Speaker 1: and hold for a long term. I get tired of 46 00:02:18,639 --> 00:02:21,760 Speaker 1: telling y'all you'r hold hold. I know it's not fun, 47 00:02:21,880 --> 00:02:25,000 Speaker 1: but you're going to chase this volatility and your broker 48 00:02:25,120 --> 00:02:28,000 Speaker 1: is going to liquidate your fucking account. 49 00:02:28,320 --> 00:02:30,200 Speaker 2: Hold for the long term. I'll be the bad guy 50 00:02:30,240 --> 00:02:33,119 Speaker 2: this year, even when they don't like your comments. Son, 51 00:02:33,639 --> 00:02:37,040 Speaker 2: don't matter, don't matter. Now, I'm with you. I'm with you. 52 00:02:37,560 --> 00:02:41,959 Speaker 3: And that's why it's important to stress UH solid companies 53 00:02:42,160 --> 00:02:44,760 Speaker 3: that you believe in, you understand, and that you're going 54 00:02:44,800 --> 00:02:47,760 Speaker 3: to be in UH for a long term. We had 55 00:02:47,800 --> 00:02:49,840 Speaker 3: a call today, called me today and asked me a 56 00:02:49,919 --> 00:02:51,840 Speaker 3: question and I was like, I didn't even know he 57 00:02:51,919 --> 00:02:54,079 Speaker 3: was invested in the company. But I was like, look, 58 00:02:54,480 --> 00:02:57,040 Speaker 3: this is why you prepare right and so you have 59 00:02:57,280 --> 00:03:00,000 Speaker 3: I know some people use fibonacci, some people use support 60 00:03:00,320 --> 00:03:04,680 Speaker 3: and resistance. We see good companies shoot up when they 61 00:03:04,680 --> 00:03:08,680 Speaker 3: stop pulling back to different retlacement levels. This is an opportunity, 62 00:03:08,800 --> 00:03:10,680 Speaker 3: right either we're going to reinvest. So when they let 63 00:03:10,680 --> 00:03:12,320 Speaker 3: it come down a little further and we'll get back 64 00:03:12,360 --> 00:03:13,799 Speaker 3: in so if it was an options and I got 65 00:03:13,800 --> 00:03:16,200 Speaker 3: ten contracts, if it drops down to a price that 66 00:03:16,240 --> 00:03:18,440 Speaker 3: I like, all right, I might add too to it 67 00:03:18,480 --> 00:03:19,560 Speaker 3: if it's a strong company. 68 00:03:19,919 --> 00:03:20,079 Speaker 2: Right. 69 00:03:20,280 --> 00:03:22,880 Speaker 3: We talked about this at the Maximount when we were 70 00:03:22,880 --> 00:03:25,200 Speaker 3: talking about Microsoft. I'm like, look, how many days am 71 00:03:25,200 --> 00:03:27,680 Speaker 3: I gonna let us sit at this four hundred dayma Am, 72 00:03:27,680 --> 00:03:30,079 Speaker 3: I just gonna let it sit there? And then it's 73 00:03:30,440 --> 00:03:33,480 Speaker 3: off you're upset. Yeah, right, it was sitting at three 74 00:03:33,560 --> 00:03:36,160 Speaker 3: ninety three. I'm like, wait, we can't. It's actually trading 75 00:03:36,200 --> 00:03:37,960 Speaker 3: below the four hundred day. I think it was at 76 00:03:38,000 --> 00:03:40,120 Speaker 3: like four hundred at the time. I'm like, we're just 77 00:03:40,120 --> 00:03:42,440 Speaker 3: gonna let us sit here. We understand the story, We 78 00:03:42,560 --> 00:03:44,080 Speaker 3: understand that this is going to be one of the 79 00:03:44,120 --> 00:03:46,640 Speaker 3: top two or three, top five for sure companies in 80 00:03:46,640 --> 00:03:47,520 Speaker 3: the next five years. 81 00:03:47,840 --> 00:03:49,800 Speaker 2: And it's trading at this level. Well, why? 82 00:03:49,840 --> 00:03:51,680 Speaker 3: And then when we break down the why you understand it, 83 00:03:51,680 --> 00:03:53,520 Speaker 3: I'm like, okay, yeah, we got to grab this. It 84 00:03:53,600 --> 00:03:55,560 Speaker 3: hit this point, all right, let's go. Now we've been 85 00:03:55,560 --> 00:03:57,160 Speaker 3: over four hundred four a week. Let's see if we 86 00:03:57,200 --> 00:03:59,680 Speaker 3: can keep going. You got to figure out where the 87 00:03:59,760 --> 00:04:02,360 Speaker 3: level what you're going to buy at dolatility is tough 88 00:04:02,400 --> 00:04:06,360 Speaker 3: and it's yeah, it's not easy, right, Like when you 89 00:04:06,440 --> 00:04:09,440 Speaker 3: have these swings, it feels like, oh my gosh, the 90 00:04:09,480 --> 00:04:11,160 Speaker 3: world's coming to them, my account's coming to you. 91 00:04:11,160 --> 00:04:12,560 Speaker 2: And this is why we're not day trading. 92 00:04:12,840 --> 00:04:14,960 Speaker 3: This is like what we've seen over the past three 93 00:04:14,960 --> 00:04:16,400 Speaker 3: weeks is a day traders market. 94 00:04:16,880 --> 00:04:20,760 Speaker 2: Absolutely. Now, for those of you there walked in what 95 00:04:20,800 --> 00:04:21,760 Speaker 2: are three weeks has. 96 00:04:21,720 --> 00:04:25,360 Speaker 1: Been it's it's crazy to sleep Friday and you didn't 97 00:04:25,360 --> 00:04:27,920 Speaker 1: pay attention Sunday, you wouldn't have felt any effects of 98 00:04:28,000 --> 00:04:29,040 Speaker 1: it at all. 99 00:04:30,680 --> 00:04:33,960 Speaker 3: You know, we were sitting down, I'm watching it down. 100 00:04:34,120 --> 00:04:36,200 Speaker 3: I think at one point I saw it down eleven hundred. 101 00:04:36,240 --> 00:04:37,960 Speaker 3: I remember when the NAST when I went to sleep, 102 00:04:37,960 --> 00:04:40,360 Speaker 3: the NASSAC was down seven hundred and fifty six points. 103 00:04:40,720 --> 00:04:42,600 Speaker 3: I said, were gonna have a lot to talk about tomorrow. 104 00:04:42,760 --> 00:04:46,360 Speaker 3: And then nine thirty hits and I'm like something, something's different, 105 00:04:46,920 --> 00:04:47,359 Speaker 3: something's on. 106 00:04:47,680 --> 00:04:50,000 Speaker 1: An agreement with Iran if. 107 00:04:50,600 --> 00:04:53,920 Speaker 2: All, if it felt something something of the sorts. 108 00:04:54,640 --> 00:04:56,960 Speaker 3: So to watch what transpired over the course of the day, 109 00:04:56,960 --> 00:05:02,279 Speaker 3: it was pretty interesting. But yeah, stick to long term investing, right, 110 00:05:02,400 --> 00:05:06,760 Speaker 3: stick to solid companies, top tier companies that lead their 111 00:05:06,800 --> 00:05:09,560 Speaker 3: sector or lead a niche in their sector. 112 00:05:10,600 --> 00:05:11,560 Speaker 2: Stay with those. 113 00:05:11,560 --> 00:05:16,200 Speaker 1: And my last point, stop expecting rewards that you did 114 00:05:16,240 --> 00:05:20,320 Speaker 1: not put in the work for everyone wants the crowd 115 00:05:20,360 --> 00:05:23,960 Speaker 1: and achievement or the bag. Do you want the long 116 00:05:24,120 --> 00:05:27,160 Speaker 1: nights that comes with the bag in the championship? 117 00:05:27,200 --> 00:05:29,719 Speaker 2: Though most don't. 118 00:05:30,120 --> 00:05:31,920 Speaker 1: It takes a lot of work to get in these 119 00:05:31,960 --> 00:05:34,280 Speaker 1: positions that you guys to be able to know it 120 00:05:34,320 --> 00:05:36,839 Speaker 1: like the back of my hand. It takes a lot 121 00:05:36,880 --> 00:05:40,960 Speaker 1: of work. It costs friendships unfortunately, it costs personal and 122 00:05:41,080 --> 00:05:46,400 Speaker 1: romantic relationships unfortunately. Lock in the great party is though, 123 00:05:46,400 --> 00:05:47,840 Speaker 1: it's an amazing feeling to be able to know where 124 00:05:47,839 --> 00:05:50,000 Speaker 1: the market is going to go. Before most war leaders 125 00:05:49,960 --> 00:05:52,599 Speaker 1: still got to pick. You got either got to be 126 00:05:52,640 --> 00:05:56,440 Speaker 1: all in, all out. So the whpeful long term you'll 127 00:05:56,480 --> 00:05:58,240 Speaker 1: be good trace is yours