Latest / Earn Your Leisure / Cliff Notes: HOW WE MADE MONEY IN STOCKS LAST WEEK
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- 1:00Speaker 3: Speaking of options, let's let's take a quick detail. Troy,
- 1:04Speaker 3: I want to talk about doing something that we did
- 1:07Speaker 3: the other day on Friday, was this show.
- 1:09Speaker 4: I was joking. Go ahead, audible.
- 1:18Speaker 3: Audible Oh, no, Troy, we did something that I don't
- 1:22Speaker 3: I don't usually do. I went against my usual pattern,
- 1:29Speaker 3: but every now and then I deviate. And there was
- 1:32Speaker 3: an interesting thing that you had brought to my attention
- 1:35Speaker 3: of Robin Hood. Shout out to Robin Hood and you,
- 1:40Speaker 3: you know, we looked at the stock and the stock
- 1:42Speaker 3: was down I believe eighty five percent from his high.
- 1:45Speaker 3: And you had all this details on, you know, Robin Hood,
- 1:48Speaker 3: and while you know, thought that it would be a
- 1:50Speaker 3: good play and different things of that nature. So we
- 1:54Speaker 3: put an option call on Robin Hood. Did twenty dollars
- 1:57Speaker 3: option call?
- 1:59Speaker 2: Or sure? Made it?
- 2:01Speaker 5: Oh?
- 2:02Speaker 4: Was it? So?
- 2:04Speaker 6: At the time the stock was like at ten and
- 2:07Speaker 6: our bid was we got like three?
- 2:09Speaker 2: You could so?
- 2:10Speaker 3: So yeah, it was up twenty five percent today today,
- 2:15Speaker 3: quick quick, twenty five percent profit. Like I said, I
- 2:17Speaker 3: usually don't do individual stocks.
- 2:19Speaker 6: But so imagine imagine the conversation I had to have
- 2:21Speaker 6: with them for them to do it.
- 2:22Speaker 3: I did, I do believe, Why would I do it?
- 2:25Speaker 7: Now?
- 2:27Speaker 2: Y'all talk to him for hour? Right?
- 2:29Speaker 4: I know I didn't get a text about it. I
- 2:31Speaker 4: know you'll argue for it was a fifteen minute call.
- 2:33Speaker 6: Uh, And what happened was you know, like when you
- 2:37Speaker 6: watch some of these investment shows, they always talk about
- 2:40Speaker 6: unusual activity at a certain strike price. And so obviously
- 2:44Speaker 6: we saw Robinhood just take a hit, right. They missed
- 2:47Speaker 6: on their earnings, they missed almost on everything, that guidance everything.
- 2:51Speaker 6: They dropped down to nine forty four cents. And now
- 2:54Speaker 6: we you know, we found out that Kathy Wood bought
- 2:57Speaker 6: thirty one million dollars worth of shares, but we didn't
- 2:59Speaker 6: know that. And so I was just looking at the
- 3:02Speaker 6: actual stock. I'm like, all right, well, let's see how
- 3:04Speaker 6: many people are making puts on it. And when I
- 3:05Speaker 6: looked at the puts, I actually saw the calls had
- 3:07Speaker 6: an unusual number of value at the twenty call. And
- 3:12Speaker 6: that wasn't just for like twenty twenty four. It was
- 3:14Speaker 6: like short term and long term. I'm just like, man,
- 3:17Speaker 6: this is unusual. And so I started digging deeper. I
- 3:20Speaker 6: wanted to look inside of the history of the options,
- 3:22Speaker 6: see where originated at At one point, it was that
- 3:25Speaker 6: twenty one hundred a contract. So when I see it
- 3:27Speaker 6: down at three hundred and fifty dollars a contract, now
- 3:30Speaker 6: I'm interested, right, because I'm looking at the Foor. I'm like,
- 3:33Speaker 6: all right, well, has Roberhood hit its floor? And so
- 3:36Speaker 6: then I had to show them why. I think it's
- 3:38Speaker 6: if it hasn't hit its floor, it is damnar and
- 3:40Speaker 6: near it the upside. Right, if it even if it
- 3:43Speaker 6: moves five to six percent in a year, we can
- 3:47Speaker 6: get to twenty eighteen dollars twenty dollars by twenty twenty four. Right,
- 3:51Speaker 6: they still have over forty million users, they still have
- 3:53Speaker 6: crypto as an asset that they can use when they
- 3:56Speaker 6: obviously they're dropping their crypto while So it was all
- 3:58Speaker 6: these things that were pointing toward it, and I'm like,
- 3:59Speaker 6: all right, we don't have to load the boat on it,
- 4:03Speaker 6: but let's just let's buy a few contracts here. And
- 4:05Speaker 6: obviously it worked out and our advantaged for the first
- 4:08Speaker 6: couple of days. We'll see how it does over the
- 4:11Speaker 6: next couple of months.
- 4:12Speaker 4: What's your what's your percentage actual prices that you guys
- 4:14Speaker 4: are going for?
- 4:16Speaker 6: Selfishly, I like anything over fifty to one hundred percent
- 4:21Speaker 6: on this one. So yeah, that's what that's my range.
- 4:25Speaker 6: If it goes over that, I'm happy, But.
- 4:29Speaker 3: I think one hundred percent is definitely doable. Monitor the
- 4:31Speaker 3: situation at fifty percent. See see how more comfortable. And
- 4:37Speaker 3: I feel comfortable about Robinhood though, because I actually got
- 4:39Speaker 3: a chance to actually visit the facility in Silicon Valley
- 4:43Speaker 3: and speak with leadership.
- 4:51Speaker 4: You know how they got subtle shade like your phenomenal,
- 4:57Speaker 4: not the leadership, not the white done oh man. So
- 5:03Speaker 4: Mike clipped that up.
- 5:05Speaker 3: I was lot. I was fine.
- 5:06Speaker 4: I was you in a good mood today you have
- 5:09Speaker 4: to run around, go out through the city.
- 5:11Speaker 2: I feel that was fun.
- 5:13Speaker 3: So but yeah, well we'll see. But but yeah, no,
- 5:15Speaker 3: I just go Troy, like I said, every now and then,
- 5:17Speaker 3: you know, we just do something. You know, I didn't
- 5:19Speaker 3: put too much in, but Troy he's always doing research
- 5:22Speaker 3: and he's always looking at like volume plays volume that's
- 5:25Speaker 3: coming into the auction calls. Oh that he does that
- 5:27Speaker 3: stuff all day. So yeah, I just wanted to let
- 5:31Speaker 3: them know that.
- 5:31Speaker 4: Yeah.
- 5:32Speaker 6: Yeah, shout out to everybody that was on. I had
- 5:34Speaker 6: held a little something for people who attended.
- 5:36Speaker 4: App a little something.
- 5:37Speaker 6: You had an exception an exceptional performance at the Apollo
- 5:41Speaker 6: on our people who attended the Saturday gathering. I should
- 5:45Speaker 6: call it that because it wasn't more than just to
- 5:46Speaker 6: sit down with a g It was a learning session,
- 5:48Speaker 6: but it was gathering.
- 5:48Speaker 2: It was a nice social environment. We had.
- 5:51Speaker 6: We held something for them this Saturday, and so if
- 5:53Speaker 6: they were there, we talked about it. Hopefully you got
- 5:55Speaker 6: into the positions early this morning because it was still
- 5:58Speaker 6: at that that three fifty range. I know it got
- 6:00Speaker 6: like eighty five. So that was a nice play. That
- 6:03Speaker 6: was a nice one.
- 6:03Speaker 3: Yeah, we need to we need to Don de Marco.
- 6:06Speaker 6: Don DeMarco, Marco.
- 6:09Speaker 4: Sety should get out in nineteen fifty eight, like because
- 6:12Speaker 4: I know you're a conservative, so let's start take profit
- 6:15Speaker 4: at nineteen fifty eight.
- 6:16Speaker 3: Appreciate that.
- 6:16Speaker 2: Thank you? Yeah, yeah, the price talking erness? What's up?
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- 9:09Speaker 6: Front of this is twenty is actually nineteen fifty five.
- 9:12Speaker 6: That's interesting. You said that name most analysts, and that's
- 9:17Speaker 6: one of the things I was I was showing people
- 9:19Speaker 6: how to research too is let's see what the analyst
- 9:21Speaker 6: are saying. So it's over two hundred analysts. You study that,
- 9:23Speaker 6: you get an average. So the average is about nineteen
- 9:25Speaker 6: fifty five for December of this year.
- 9:28Speaker 2: So that's interesting.
- 9:30Speaker 4: If you guys are not in it already, please don't
- 9:31Speaker 4: chase it. I don't want you to die.
- 9:33Speaker 2: I want you.
- 9:37Speaker 4: Didn't choose the shot when you're supposed to family.
- 9:41Speaker 2: We got to f find a new gym, find a
- 9:44Speaker 2: new one.
- 9:44Speaker 3: All right, let's talk about this. Okay, what are three
- 9:48Speaker 3: big lessons learned from last week's drop?
- 9:53Speaker 4: Number one? Everyone is focusing on the short term, and
- 9:57Speaker 4: I think media does that to trick you out of
- 9:59Speaker 4: your spot. Like we had three to four weeks of
- 10:02Speaker 4: a pullback. That's nothing. Some of y'all have been in
- 10:04Speaker 4: bad relationships five years and you're like, man, the market's
- 10:07Speaker 4: crash and I'm like a relationship crash, And why don't
- 10:09Speaker 4: you get out of that moment of silence? Okay, I'll
- 10:13Speaker 4: keep going. Number two, Hold.
- 10:15Speaker 2: On, I got you.
- 10:17Speaker 4: Congratulations, you plagued yourself.
- 10:20Speaker 2: Number graduation.
- 10:21Speaker 4: Now I must stay have water, I'm peaceful today, right
- 10:23Speaker 4: and meditate. It fell a coconut oil on. You have
- 10:27Speaker 4: to focus on the highest quality assets. So for those
- 10:29Speaker 4: who bought it in at great prices on crypto stocks,
- 10:33Speaker 4: you were fine. It wasn't that hard of a drawdown.
- 10:36Speaker 4: If you're seeing something fall back fifty fifty percent, sixty
- 10:40Speaker 4: percent from a year ago, it wasn't a good asset
- 10:44Speaker 4: to begin with. And then number three, I'm realizing almost
- 10:47Speaker 4: everybody is buying way too damn high. Like when you
- 10:51Speaker 4: buy a good company, good business, good brand, you don't
- 10:56Speaker 4: have those same kind of fears. Now for my veterans,
- 10:58Speaker 4: I've always told you when it's a bloody week like
- 11:00Speaker 4: that or two weeks like that, don't open your account.
- 11:02Speaker 4: It makes it a hell of a lot easier because
- 11:04Speaker 4: then you'll start to have fomo and move things around
- 11:06Speaker 4: that you shouldn't. But people are buying too high and hoping,
- 11:10Speaker 4: and I tonight on stock up Call, I'll walk you
- 11:13Speaker 4: guys through. But I want to tell you guys, like
- 11:14Speaker 4: if it's if the highest one hundred, when it gets
- 11:17Speaker 4: to ninety five, you.
- 11:18Speaker 2: Have to stop.
- 11:20Speaker 4: You have to stop buying and wait for it. And now,
- 11:22Speaker 4: remember a few months ago, I was like, hey, crash
- 11:24Speaker 4: is gonna come there with some people in the comments
- 11:26Speaker 4: who were not pandas are earners and they weren't familiar
- 11:31Speaker 4: with us, and they're like, no, it's not going to happen,
- 11:32Speaker 4: and now we're there. Now even everybody on the bigcoin side,
- 11:34Speaker 4: it's like, Yo, thirty is probable and if thirty breaks
- 11:38Speaker 4: twenty one, who will be sitting there for you? You
- 11:40Speaker 4: have to wait for the right price to buy the
- 11:42Speaker 4: best assets in the world and not gamble And shout
- 11:44Speaker 4: out to Chris. He had a great quote. He was like,
- 11:46Speaker 4: how do you guys say you want generation of wealth
- 11:48Speaker 4: and you won't hold it stocked for three or four weeks?
- 11:51Speaker 4: Like it's y'all just saying it because it sounds cute
- 11:54Speaker 4: or ig because you want big girl to dmu.
- 11:58Speaker 2: Stay dedicated to the craft.
- 12:00Speaker 4: If you look at any stock over a five to
- 12:01Speaker 4: ten year period, crypto five to ten year period, you
- 12:05Speaker 4: would be crazy to get out of anything that that
- 12:08Speaker 4: is about quality. Don't do it?
- 12:11Speaker 2: Yeah, I would say, execute man.
- 12:13Speaker 6: That was That's the biggest lesson, right, Like we can
- 12:16Speaker 6: talk about the price points and we can talk about entries,
- 12:18Speaker 6: but if you're not actually executing on it and what
- 12:21Speaker 6: you just holding the information and that that becomes super dangerous, right,
- 12:25Speaker 6: Like you can know a lot and do nothing with it,
- 12:27Speaker 6: so that you're like they always tell you about like
- 12:28Speaker 6: knowledge is powered. I'm like, nah, man, knowledge is power
- 12:30Speaker 6: when it's executed, its graduated when you execute it. That's
- 12:33Speaker 6: when it becomes powerful. So like execute like we told
- 12:38Speaker 6: real even hold real quickly. Yeah, we spoke about four
- 12:42Speaker 6: stocks that we invested in, but there was some other
- 12:43Speaker 6: ones too that you could have, right if you if
- 12:46Speaker 6: you would invested in Netflix when it was three seventy six, right,
- 12:49Speaker 6: think about this, or it was at three seventy six
- 12:51Speaker 6: within three days, within three days, it's up.
- 12:54Speaker 2: At four to twenty five. It got up to today.
- 12:57Speaker 6: Right, we're talking about a company that you've been paying
- 12:59Speaker 6: probably for the last eight years without unconsciously paying, right,
- 13:03Speaker 6: and they raising prices on your subscription now and you're
- 13:07Speaker 6: not even gonna blame. So it's a company that you're
- 13:09Speaker 6: already spending with. It actually hit a low for fifty
- 13:13Speaker 6: two weeks, and it's like, all right, well is this
- 13:15Speaker 6: a good point? Yeah, we gave you four and if
- 13:17Speaker 6: you were watching Netflix, you couldn't obviously had a nice,
- 13:21Speaker 6: a nice run up.
- 13:24Speaker 3: Yeah, if you're playing these option calls too that you
- 13:27Speaker 3: gotta when something hits a fifty two weeks low, you
- 13:30Speaker 3: gotta start to consider. You gotta start to consider, even
- 13:33Speaker 3: if it's not a long term play. I mean even
- 13:35Speaker 3: zooms up ten dollars today, it's.
- 13:38Speaker 4: Not really going back to the ground up.
- 13:40Speaker 3: Yeah, but I mean if you had, if you, if
- 13:41Speaker 3: you did the option, you're gonna make some money. So
- 13:44Speaker 3: you know it's.
- 13:45Speaker 2: One of you.
- 13:45Speaker 4: But I want them to come back and blame us,
- 13:47Speaker 4: and Shorty to me, Oh no, we'll disclaimer.
- 13:49Speaker 2: I'm not telling you to do it, please, so hopefully
- 13:52Speaker 2: go through that.
- 13:53Speaker 3: Yes, yes, no, I'm not telling you because.
- 13:55Speaker 4: Then they gonna have their own mic clipped it up.
- 14:00Speaker 4: We gotta be my play defense. You're not gonna strip
- 14:02Speaker 4: being no pick six over here. Nope, you had no
- 14:07Speaker 4: pick six.
- 14:09Speaker 8: My graduates from my school being false bad drop bag
- 14:14Speaker 8: drop Mike, drop bag drop drop.
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