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Speaker 2: And this is a great gym that I need you
Speaker 2: guys to hear from your legendary Tim Grober.
Speaker 3: The greatest inner circle individuals are so small. Distance becomes
Speaker 3: their best friends since from their competition, okay, distance from others.
Speaker 3: Everyone tries to fit into a group. Okay, you're growing up.
Speaker 3: Want to be part of this fraternity. I want to
Speaker 3: hang out with these people. I want to hang out
Speaker 3: over here. Who do you iidlize the most, the ones
Speaker 3: that stand alone, the ones that create distance between you
Speaker 3: and the competition and everybody else. Okay, you have all
Speaker 3: your friends that they may have all started off together,
Speaker 3: and what happens is when they know they can't keep up. Okay,
Speaker 3: you create distance. You want them to come with you,
Speaker 3: but they don't have the ability to, they don't have
Speaker 3: the discipline, they don't have the sacrifice. So distance has
Speaker 3: to become your best friend in order for you to
Speaker 3: achieve the best at what you want to do. I
Speaker 3: know these are completely different thoughts than when other people
Speaker 3: tell what other people tell you surround yourself the positive people,
Speaker 3: you know what that means. That means life face so
Speaker 3: I can feel good about myself.
Speaker 2: And I don't want you to cut off all of
Speaker 2: your friends on this journey because we'll see those posts
Speaker 2: a cut off the five people like you have to
Speaker 2: keep your friends that are your day ones that have
Speaker 2: been supportive. But a lot of times we want support
Speaker 2: to go to where we need to go, but.
Speaker 4: We don't want to do it alone.
Speaker 2: That's why when you guys are like, hey, I need
Speaker 2: an accountability party, I'm like, no, you need to be
Speaker 2: accountable because if your trading buddy makes a three hundred
Speaker 2: thousand dollars trade with you, they're not going to split
Speaker 2: half that money with you. I'm telling you that this
Speaker 2: is the reason why most people fail. I thought this
Speaker 2: message was absolutely amazing.
Speaker 5: The reason most people fail is because they give up
Speaker 5: what they want most for what they want now. The
Speaker 5: reason most people fail is because they give up what
Speaker 5: they want most for what they want now. If that
Speaker 5: was one message, it'd probably be that, like people don't
Speaker 5: fail because they're not talented or skilled or whatever.
Speaker 4: It's like, you give up what you want most for
Speaker 4: what you want now.
Speaker 2: And how many of us have ever given up what
Speaker 2: we truly want for the short term?
Speaker 4: We all have.
Speaker 2: Let's make the adjustment going forward. It's twenty twenty one,
Speaker 2: it's crazy. In nine years, will be in a new decade,
Speaker 2: twenty ten to one. By so fast, Let's make the
Speaker 2: choice to be dedicated and not give up the long
Speaker 2: term goal for the short term and then for many
Speaker 2: your twenties, let your uncles and give you some advice.
Speaker 2: Check these tips out real quickly. We'll get back to
Speaker 2: the investment gyms.
Speaker 6: If you can give one piece of advice to a
Speaker 6: guy in his early twenties, what would it be. Do
Speaker 6: not move out of your parents' house until you've saved
Speaker 6: up at least twenty five grand make friends and don't date,
Speaker 6: don't date, travel, move out of your hometown, get very
Speaker 6: acquainted with a primary care professional, get a therapist, buy
Speaker 6: a gun, and get really good at using it. Get
Speaker 6: a passport and get really good at using it. Go
Speaker 6: to a gym and work for an eight pack. You
Speaker 6: really have nothing but time. Pick up a sport and
Speaker 6: get good at it. Stop eating like a damn ninja turtle.
Speaker 6: Drink water, wash your ass daily. Buy three suits, a black, one,
Speaker 6: navy blue, heather gray. Each one should be tailored. Buy
Speaker 6: life insurance. The younger you are, the cheaper it is.
Speaker 6: Most importantly, find and protect your peace. Remember that you
Speaker 6: were a man before her, you were a man with her,
Speaker 6: and now you'll be a man without her.
Speaker 1: Good luck.
Speaker 4: No Kevin Samuels, but fellos, go ahead. I'll put this.
Speaker 2: I want to be on a record for this, and
Speaker 2: there's gonna be solations, and I know people going to
Speaker 2: say that I'm wrong. The peak for apple Stock will
Speaker 2: be November third, twenty thirty five. So a lot of
Speaker 2: you are like, hey, when is it run? I know
Speaker 2: y'all gonna be like, do crazy? He don't know and
Speaker 2: he's just making up shit. Now I'm not Apple's peak
Speaker 2: November third, twenty thirty five.
Speaker 4: I want to be on a record.
Speaker 2: Hey, which was a good album on the low shout
Speaker 2: out to Nazi. But if you guys, go copy this.
Speaker 2: I'm coming up to the station. If one of y'all
Speaker 2: say this on TV.
Speaker 4: Love y'all.
Speaker 2: Uh for those of you for futures. I know it
Speaker 2: may be difficult, but put this in check. Your target
Speaker 2: for the bond market should be thirty three ticks.
Speaker 4: Here's why.
Speaker 2: It takes the same amount of energy to hit a
Speaker 2: big target as it does a small target. The great
Speaker 2: thing is that ZB pays more so kudos to his
Speaker 2: brother who hit his target, but with seven kinds and
Speaker 2: I want you guys to multiply five hundred times seven.
Speaker 2: That was the initial investment into the market. The payout
Speaker 2: was seven two hundred and eighteen thousand and seventy five cent.
Speaker 4: Great job. Thirty three tich should be your primary target
Speaker 4: for Z and you accountability.
Speaker 2: At one point on the show, I said AMD would
Speaker 2: dip to sixty seven to fifty six. It didn't get
Speaker 2: there and stopped the seventy two fifty. The crystal ball
Speaker 2: was broken. I don't know if I didnt re calibrated
Speaker 2: or I should have put it out when the moon
Speaker 2: we had a full moon.
Speaker 4: Didn't get there. My bad. Sorry, I was off by
Speaker 4: a couple bucks.
Speaker 2: Ian doesn't know anything right, so I want to be
Speaker 2: accountable and say that it didn't get there. But for
Speaker 2: those you got in in the seventies, great job and
Speaker 2: hope for the long term going forward.
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Speaker 2: One two sixty two for AMD to hold long term
Speaker 2: either five or ten years, put a one O two
Speaker 2: sixty two in Chat. Please and kudos to my sister Deborah.
Speaker 2: I've been telling you about it. She's been holding since
Speaker 2: eleven when it hit the all time high. That's eleven
Speaker 2: point one to three X from long term investment only,
Speaker 2: no options. I want you to put in chat right now.
Speaker 2: Long term investment is the wave. Now go ask any
Speaker 2: day trader that you know and asks them have they
Speaker 2: made eleven X on a trade? Most have not. You
Speaker 2: can get the same kind of games long term investing
Speaker 2: with a great setup that you can from day trader
Speaker 2: and have the money working for you at the same time.
Speaker 2: Once again, I want to say scores new JP Morgan,
Speaker 2: please hold for the next ten years. Here are the
Speaker 2: top twelve reasons that most traders fail, and please write
Speaker 2: this down. Most don't have good risk to reward ratio,
Speaker 2: So you want to risk one to make eleven write
Speaker 2: this down.
Speaker 4: Or risk one to make fifty.
Speaker 2: So if you're risking two percent of your capital in
Speaker 2: a trade, your target would then be twenty two percent.
Speaker 2: Or if you're risking two percent and you want a
Speaker 2: fifty X, you will be going for a target of
Speaker 2: one hundred percent. If you stay within that ratio and
Speaker 2: you only take forty eight trades or less per year,
Speaker 2: as Damnar impossible if you're trading with the trend to
Speaker 2: be able to hit the target. If you want a
Speaker 2: four breakdown of a great book on this is called
Speaker 2: The Complete Turtle Traders by Michael Covell. Go to chapter
Speaker 2: five and six. If you read those two chapters and
Speaker 2: never dB eight, you'll be fine. A lot of traders
Speaker 2: end up blowing up their money and their account going
Speaker 2: for a one to one risk of reward ratio and
Speaker 2: taking too many trades.
Speaker 4: Number two. Most have unless realistic expectations.
Speaker 2: So when I ask a lot of you, like how
Speaker 2: many trades are you gonna take for the year, you
Speaker 2: like eight hundred.
Speaker 4: I'm like you can't take eight hundred trades on a year.
Speaker 2: You can't take five hundred and at a high level,
Speaker 2: Rasha Troy, like in your options, how many trades are
Speaker 2: you taken this year?
Speaker 4: Oh? Like three? And you guys can say whatever. You
Speaker 4: go ahead, Rashaan, go ahead and say it.
Speaker 9: No, not a lot for me, not a lot.
Speaker 4: And arguably they're humble about it.
Speaker 2: I'll say it for it for them to not trade
Speaker 2: all day every day because they running all this other
Speaker 2: media and.
Speaker 4: Like they'll bust your ass praise.
Speaker 2: Selection is everything, like and if I can be honest
Speaker 2: with you guys, when you guys are like in my
Speaker 2: comments like what you don't know and you can't do it,
Speaker 2: I'm like, I know, and we'll get to the emotions part.
Speaker 2: But if you don't have your emotions in check, then
Speaker 2: therefore your trading plan is not in check. I know,
Speaker 2: you can't beat me because you can't stop overtrading. You know,
Speaker 2: the people that are really good at trading, like go
Speaker 2: watch Bono Win's interview. Bono Win did not care anything
Speaker 2: about what I say with choice hit he stick to
Speaker 2: us plan, put on that nice grand go about his business.
Speaker 2: One of the greatest traders I probably ever encountered. Those
Speaker 2: that are good at the craft don't have to declare
Speaker 2: it to anybody else. But if you can stay within
Speaker 2: the sweet spot of twenty four to forty eight, you'll
Speaker 2: be good. Third, most can't manage emotions. If you can't,
Speaker 2: I'm telling you fast and is the way to go
Speaker 2: or do to ten miles to day.
Speaker 4: Most don't do any research.
Speaker 2: You need to know the stocks or features that you're
Speaker 2: trading like the back of your hand. I could tell
Speaker 2: you everything about ESCB, you be crewde Russell, Nastat n
Speaker 2: K Swiss Frank Future up and down in my sleep
Speaker 2: if only had one hour of sleep. You need to know,
Speaker 2: like the back of your hand, that is going to
Speaker 2: give your edge. If you're undercapitalized, you need to take
Speaker 2: even less trades and then also work more to build
Speaker 2: more capital because being undercapitalized put you in a position
Speaker 2: to have to take risk your trades to build up
Speaker 2: your account, and that's only going to favor your broker.
Speaker 2: Most quit too early. I hate to say it, You're
Speaker 2: not going to be good in three months. Like That's
Speaker 2: why I'll go back and show you I was talking
Speaker 2: about this twelve and thirteen years ago before it was cool.
Speaker 2: It's going to take you maybe two or three years
Speaker 2: to get really good.
Speaker 4: To be great, it may take you five to seven.
Speaker 2: It's like none of you you at nine years old
Speaker 2: start playing basketball. I'm black at fourteen, I'm ready to
Speaker 2: go to the league as great as Mikey is. I
Speaker 2: don't think Mikey is ready for the NBA this season,
Speaker 2: and he's probably one of the greatest high schoolers ever. Right,
Speaker 2: you have to get acclimated with the market enough to
Speaker 2: know what to do. But once you have that, not
Speaker 2: many will be able to beat you. Most of undisciplined
Speaker 2: is the number one reason why people lose. Arrogance is
Speaker 2: a big factor in it because it's not really about
Speaker 2: the indicator. It is about your risk to reward ratio.
Speaker 2: Please put in chat. Risk to reward ratio is the
Speaker 2: greatest indicator of all time. Your RSI doesn't you got
Speaker 2: like RSI? If RSI battles that much, take the charts
Speaker 2: off and just trade off RSI when it gets to thirty,
Speaker 2: Watch how much you draw down short at seventy and
Speaker 2: see how well it does.
Speaker 4: Your risk to reward means everything.
Speaker 2: Delusion for all of you who are like, Hey, I'm
Speaker 2: gonna get eighty eight thousand percent returning in the year
Speaker 2: highly unlikely end an ego is the biggest reason why
Speaker 2: most people end up losing.
Speaker 6: My graduates from my school being forced bad drop bag
Speaker 6: drop my drop bad drop drops.
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