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Cliff Notes: Investing in International Stocks & Winning Strategies for Traders · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: When would be best to buy Chinese or international stocks?
• 1:05
  Speaker 4: This came up to me this weekend. I want to
• 1:08
  Speaker 4: be very clear, so not until our war, our soft
• 1:13
  Speaker 4: war with China is over and this rate cycle is lifted,
• 1:21
  Speaker 4: So like once the FED stops raising rates, that's when
• 1:24
  Speaker 4: I'll look.
• 1:25
  Speaker 5: And China has its own set of issues.
• 1:27
  Speaker 4: But if I look at Ali Baba, which we can
• 1:29
  Speaker 4: argue is as great or better than Amazon, should be
• 1:32
  Speaker 4: a lot higher. They topped out in twenty twenty at
• 1:35
  Speaker 4: three nineteen, They're currently at eighty eight bucks. It's unbelievable
• 1:38
  Speaker 4: that the company is that low. Even if I look,
• 1:40
  Speaker 4: even though I like Tuesla a lot more, Even if
• 1:42
  Speaker 4: we look at Neo, Neo were from a higher sixty
• 1:45
  Speaker 4: six to ninety five is currently at ten dollars and
• 1:47
  Speaker 4: nine set prices should not be there. But Chinese stocks
• 1:52
  Speaker 4: are not safe until we get out of the war
• 1:55
  Speaker 4: with them, once they make a declaration that they are
• 1:58
  Speaker 4: not going to try to overtake Taiwan Semiconductor and the
• 2:02
  Speaker 4: province of Taiwan, and once rates begin to be lower
• 2:08
  Speaker 4: as well. So I know people want international exposure. But
• 2:12
  Speaker 4: even if we look at Intel, Intel's potential acquisition of
• 2:17
  Speaker 4: the Israeli semiconductor company got blocked by China. There's a
• 2:21
  Speaker 4: lot of war games where just like men of Block
• 2:23
  Speaker 4: is hot, Like I don't know how to put it
• 2:26
  Speaker 4: any way, clearer than that, like it's not safe to
• 2:29
  Speaker 4: do business. And also as our president is saying, hey,
• 2:32
  Speaker 4: you're going to levy sanctions against American companies if you're
• 2:36
  Speaker 4: looking to invest there. Even though I like some of
• 2:39
  Speaker 4: the stops that are in China, they will be suppressed
• 2:41
  Speaker 4: until some of these issues go away. Like the macro
• 2:44
  Speaker 4: issues are more important than the technicals. That's why every
• 2:48
  Speaker 4: presentation I'm like, I'm telling you technicals are just representation
• 2:53
  Speaker 4: of the fundamentals on a chart. If you don't have
• 2:56
  Speaker 4: a clear picture of what's happening in the macro picture,
• 3:00
  Speaker 4: caount will be devastated and destroyed. So you have to
• 3:02
  Speaker 4: wait for a little bit.
• 3:05
  Speaker 6: That's for Chinese stocks.
• 3:07
  Speaker 5: Yep.
• 3:08
  Speaker 7: I've learned my lesson with investing in Chinese stocks. I
• 3:11
  Speaker 7: haven't had the best experience. It's something that I'm not
• 3:14
  Speaker 7: great at, and so I was aware of it and
• 3:16
  Speaker 7: said that it's not something I'm going to continue to do.
• 3:19
  Speaker 6: I believe.
• 3:20
  Speaker 7: A wise man named Ian dum Lap once told me, yet,
• 3:22
  Speaker 7: we have some great American companies, yeap, what you know?
• 3:27
  Speaker 6: And I took those words very literally, so thank you.
• 3:30
  Speaker 4: I mean, they're reported the model right now, which took
• 3:34
  Speaker 4: a lot of people from part poverty to having a
• 3:36
  Speaker 4: middle class to a very wealthy ultra class is now
• 3:40
  Speaker 4: in danger. So if they went on a forty year run,
• 3:43
  Speaker 4: but now.
• 3:44
  Speaker 5: It's a result.
• 3:45
  Speaker 4: And we've said this before, we shot. You brought this up, Troy.
• 3:47
  Speaker 4: You brought this up like war is not good for anybody.
• 3:49
  Speaker 4: Even in wrap all the little diss records and deep records,
• 3:52
  Speaker 4: people end up dying and friends getting hurt.
• 3:54
  Speaker 5: They don't like.
• 3:55
  Speaker 4: No one has really went diamond off of a dis
• 3:58
  Speaker 4: record is really a there's more of a risk than anything.
• 4:03
  Speaker 5: So if we have issues with.
• 4:07
  Speaker 4: The commercial real estate market in China, if COVID was
• 4:10
  Speaker 4: created or was dispersed from there, they have the whole
• 4:16
  Speaker 4: bunch of other political issues that we're going through. When
• 4:18
  Speaker 4: Jack Mass spoke out, they took their equivalent of Steve
• 4:22
  Speaker 4: Jobs and made him go sit on the bench for months,
• 4:27
  Speaker 4: and he really hasn't said anything since then. What do
• 4:30
  Speaker 4: you think they would do to the fifty seventh best
• 4:33
  Speaker 4: stock in China, let alone the people. That's not an
• 4:37
  Speaker 4: environment in what you wanted. And America has its own
• 4:39
  Speaker 4: host of issues, but it is hunger games over there
• 4:43
  Speaker 4: right now. Steer clear, you can do what you want,
• 4:49
  Speaker 4: but steer clear, no, Jennifer Lawrence.
• 4:53
  Speaker 3: Okay, So what are some ways I can increase my
• 4:59
  Speaker 3: problem ability of winning as a trader.
• 5:04
  Speaker 4: I've been thinking about this a lot going into the
• 5:05
  Speaker 4: presentation with Kathy and Mike. Number One, at some point
• 5:13
  Speaker 4: every trader needs to learn how to trade the market
• 5:15
  Speaker 4: without using any indicators. So if you can just trade
• 5:19
  Speaker 4: off price action alone, It's kind of like in ball,
• 5:23
  Speaker 4: like everyone has their go to moves, but it's like,
• 5:25
  Speaker 4: can I put you on any court in America and
• 5:27
  Speaker 4: you'll be able to score no matter who you're playing against.
• 5:31
  Speaker 5: That's what the equivalent of just.
• 5:32
  Speaker 4: Trade off price action is, because all you really have
• 5:34
  Speaker 4: is highs lows and what the median or an average is.
• 5:40
  Speaker 4: And number two, I say this all.
• 5:44
  Speaker 7: This episode is brought to you by P and C Bank.
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  Speaker 7: A lot of people think podcasts about work are boring,
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• 7:34
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 7:38
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 7:42
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 7:46
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 7:50
  Speaker 1: some of the heinous migrant criminals caught because of President
• 7:54
  Speaker 1: Donald J. Trump's leadership. I'm Christinem, the United States Secretary
• 7:58
  Speaker 1: of Homeland Security. Under President Trump, attempted illegal border crossings
• 8:03
  Speaker 1: are at the lowest levels ever recorded, and over one
• 8:06
  Speaker 1: hundred thousand illegal aliens have been arrested. If you are
• 8:09
  Speaker 1: here illegally, your next you will be fine nearly one
• 8:13
  Speaker 1: thousand dollars a day, imprisoned, and deported. You will never return.
• 8:18
  Speaker 1: But if you register using our CBP home app and
• 8:21
  Speaker 1: leave now, you could be allowed to return legally. Do
• 8:25
  Speaker 1: what's right. Leave now. Under President Trump, America's laws, border
• 8:30
  Speaker 1: and families will be protected.
• 8:32
  Speaker 2: Sponsored by the United States Department of Homeland Security a time.
• 8:34
  Speaker 4: But the number one thing that I see in traders
• 8:37
  Speaker 4: that do not consistently win and do not make a
• 8:39
  Speaker 4: lot of money is that they overtrade and they do
• 8:42
  Speaker 4: not stick to the number of trades.
• 8:43
  Speaker 5: As supposed to for a year.
• 8:45
  Speaker 4: So you have to factor in stop hunting from your brokers,
• 8:48
  Speaker 4: stop hunting from competitors, algorithmic trading. There's decay in your
• 8:54
  Speaker 4: actually trading strategy. So whether you trade and move in
• 8:57
  Speaker 4: averages or you trade in edges or order flow, at
• 9:00
  Speaker 4: some point all strategies.
• 9:01
  Speaker 5: Have the kay.
• 9:02
  Speaker 4: But I don't meet many people who year over year
• 9:05
  Speaker 4: they're like, hey, I took fourteen trades for the year.
• 9:08
  Speaker 5: I'm done.
• 9:08
  Speaker 4: Just want to say, hey, I took my number of trades.
• 9:11
  Speaker 4: I know I could do more, but I'm not. I'm
• 9:13
  Speaker 4: just gonna stay here and enjoy the eighty percent that
• 9:16
  Speaker 4: I'm up for the year, or one hundred and fifty
• 9:17
  Speaker 4: percent that I'm up for the year one and more.
• 9:19
  Speaker 4: Usually leads to disaster and trading. So those two things
• 9:24
  Speaker 4: like being able to trade off price action alone on
• 9:27
  Speaker 4: any chart in any market, off of any timeframe, and
• 9:30
  Speaker 4: then your willingness to stick to your plan. If people
• 9:35
  Speaker 4: can do that, they'll make more money. Everyone that I
• 9:37
  Speaker 4: know that loses a lot of money or they're not
• 9:39
  Speaker 4: where they want to be.
• 9:40
  Speaker 5: You're trading too much.
• 9:42
  Speaker 4: Like trading too much is like cheating and getting caught
• 9:44
  Speaker 4: and being filmed and then playing it on YouTube, and like, baby,
• 9:47
  Speaker 4: why you taking a house and the kids in the car?
• 9:49
  Speaker 4: What do you expect? You can read all the books
• 9:52
  Speaker 4: that you want to. I got a couple recommendation. Number one,
• 9:54
  Speaker 4: stillness is key right. Number two family fortunes. I've mentioned
• 9:58
  Speaker 4: this before by Bill Bonner. You need to go through
• 10:01
  Speaker 4: Michael Lewis's the Big short even in Kathy. I love Kathy.
• 10:05
  Speaker 4: I think she's been incredibly innovative, but one of her
• 10:07
  Speaker 4: biggest mistakes is rotation of stocks and getting in or
• 10:13
  Speaker 4: out of them too early. Kathy bought in video when
• 10:16
  Speaker 4: it was five dollars. Kathy did not hold through the
• 10:20
  Speaker 4: run of last month. However, I know there's reasons too,
• 10:25
  Speaker 4: but portfolio allocation as I get all that, but it
• 10:30
  Speaker 4: would help a lot if you held a stock from
• 10:31
  Speaker 4: five to five hundred, it will help. Overtrading usually leads
• 10:36
  Speaker 4: to disaster, and I don't know how to get that
• 10:38
  Speaker 4: through more people's heads. But if you want to make
• 10:40
  Speaker 4: money and way more consistently, that it's a blueprint. If
• 10:43
  Speaker 4: I've made you money, please put yes and chut.
• 10:47
  Speaker 7: Got you Now that second rule that you said, the
• 10:50
  Speaker 7: overtrading part, A lot of people get disconfused. Right, is
• 10:54
  Speaker 7: it overtrading the same stocks? Or like, how should somebody
• 10:58
  Speaker 7: approach that?
• 10:59
  Speaker 2: Right?
• 11:00
  Speaker 7: Rule one is applied, and I can trade without looking
• 11:02
  Speaker 7: at technicals and fundamentals. I can just trade off value them.
• 11:05
  Speaker 7: Then I have to know my right, like I need
• 11:08
  Speaker 7: to know my company. But that's tough. Right, if I'm
• 11:10
  Speaker 7: trying to know my like I know my company, how
• 11:13
  Speaker 7: many companies should I know?
• 11:14
  Speaker 6: Is it like five or is it ten?
• 11:16
  Speaker 7: Right, I'm not going to be able to know fifty
• 11:18
  Speaker 7: companies at the back of my hand. So am I
• 11:21
  Speaker 7: studying like maybe ten companies and being able to trade those?
• 11:25
  Speaker 6: Or am I finding different trades throughout?
• 11:27
  Speaker 2: Right?
• 11:28
  Speaker 7: So even if I limit it to twenty trades throughout
• 11:29
  Speaker 7: the year, am I doing it inside the same equity?
• 11:32
  Speaker 5: Absolutely?
• 11:33
  Speaker 4: I will say study a maximum of eight companies if
• 11:36
  Speaker 4: you're able to produce three hundred percent return or more
• 11:39
  Speaker 4: if you're producing lesson that I will study two. Anyone
• 11:44
  Speaker 4: that tells you that they study forty stocks and they
• 11:46
  Speaker 4: can trade all of them, well, they're lying even from
• 11:49
  Speaker 4: the beginning. If we go back to episode seventy, Classics
• 11:51
  Speaker 4: should have win triple two, Tech two Index, Apple, Microsoft,
• 11:54
  Speaker 4: Es and Bonds. When you study something in and out,
• 12:01
  Speaker 4: there's a reason that we don't have like a BMX
• 12:03
  Speaker 4: or surfing show. We're not efficient at surfing. Adam twenty
• 12:07
  Speaker 4: two can go from biking to hip hop and talking
• 12:10
  Speaker 4: about King Von. We can't do that. You have to
• 12:12
  Speaker 4: know one specific area so well that you know what
• 12:16
  Speaker 4: it's going to do before it even happens. Like when
• 12:18
  Speaker 4: you really have your trades down and you study two
• 12:20
  Speaker 4: to eight companies really well, you'll almost see the move
• 12:23
  Speaker 4: before it even happens.
• 12:26
  Speaker 5: If you don't, you're going to be in danger.
• 12:28
  Speaker 4: And I think most people, once again, if you're making
• 12:31
  Speaker 4: us three hundred percent return, you should probably only do
• 12:36
  Speaker 4: twenty trades max per year, but really twelve and stop there.
• 12:41
  Speaker 4: Once people get past that threshold, that's when danger happens.
• 12:44
  Speaker 4: Or I just traded because I had a loss, so
• 12:47
  Speaker 4: I want to make it for it now. I broke
• 12:48
  Speaker 4: even not put a straddle on and then I want
• 12:51
  Speaker 4: to do futures and then option. Then you have to
• 12:54
  Speaker 4: shoot the shots that you know you can win. And
• 12:57
  Speaker 4: that's what separates the great traders and investors from those
• 13:00
  Speaker 4: who are not. And even the people we met, everyone
• 13:03
  Speaker 4: that we've met that are institutional traders or investors, they're
• 13:07
  Speaker 4: not the most intelligent people that have ever walked earth.
• 13:11
  Speaker 4: The discipline for their crafts is what really set them
• 13:13
  Speaker 4: apart from the other three or four thousand people that
• 13:15
  Speaker 4: really wanted the job.
• 13:17
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 13:20
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 13:24
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 13:28
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 13:32
  Speaker 1: some of the heinous migrant criminals caught because of President
• 13:36
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 13:40
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 13:45
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 13:48
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 13:52
  Speaker 1: are here illegally, your next you will be fine. Nearly
• 13:56
  Speaker 1: one thousand dollars a day. Imprisoned and deported will never return.
• 14:01
  Speaker 1: But if you register using our CBP home app and
• 14:04
  Speaker 1: leave now, you could be allowed to return legally. Do
• 14:07
  Speaker 1: what's right. Leave now. Under President Trump America's laws, border
• 14:13
  Speaker 1: and families.
• 14:14
  Speaker 2: Will be protected. Sponsored by the United States Department of
• 14:16
  Speaker 2: Homeland Security,