Latest / Earn Your Leisure / Stop Chasing Volatility Before You Get LIQUIDATED
Transcript
- 0:00Speaker 1: How can traders and investors take advantage of the volatility
- 0:04Speaker 1: that we're seen in the market. You won't like the answer,
- 0:10Speaker 1: but stop chasing the volatility and you have nothing to
- 0:13Speaker 1: worry about if you buy quality. Another thing, if you're
- 0:17Speaker 1: not putting in work like y'all run this year, in
- 0:21Speaker 1: terms of interviews and in cre audience, I didn't know
- 0:24Speaker 1: about none of them, right, they're just working. They're not like, yo, hey,
- 0:28Speaker 1: guess what we're about to do. For my traders and investors,
- 0:31Speaker 1: this reminds me of twenty two, So it is lock
- 0:34Speaker 1: in season. If you're not putting in eight to ten
- 0:37Speaker 1: hours a day on charts, you can't chase these rams.
- 0:41Speaker 1: You have to hold for the long term. For my
- 0:43Speaker 1: traders who are incredibly dedicated, one of my favorite targets
- 0:47Speaker 1: I talked about it at the Mastermine is five hundred
- 0:49Speaker 1: and twenty three points on the down and ask that.
- 0:52Speaker 1: But for ninety percent of people, you shouldn't chase the volatility.
- 0:56Speaker 1: It's going to lead to you being chopped as a result,
- 1:00Speaker 1: because if you don't have the acumen and number of
- 1:03Speaker 1: reps to be able to take advantage of it, they're
- 1:07Speaker 1: gonna use you for liquidity. And I know it's not
- 1:10Speaker 1: the answer that you want, but sometimes safety is the
- 1:13Speaker 1: best answer if you have not put in the work
- 1:16Speaker 1: that allows you to get a lion's share of profits,
- 1:18Speaker 1: like I see it all the time. I don't know
- 1:21Speaker 1: how long you were in communication with her to get
- 1:23Speaker 1: that interview, but I'm sure it didn't happen in two weeks.
- 1:26Speaker 1: I've seen people try to interview people that you guys
- 1:28Speaker 1: have interviewed and they're like, man, I ain't get an
- 1:30Speaker 1: answer after three weeks. I'm like, they've been talking to
- 1:32Speaker 1: magic for fucking five years.
- 1:35Speaker 2: It takes time.
- 1:36Speaker 1: You want to be great at trading, and you didn't
- 1:38Speaker 1: listen the first time. Take three hundred practice trades, look
- 1:42Speaker 1: at the market every day, rainsleep, hell snow, breakup, somebody
- 1:46Speaker 1: mad about your comments. Lock in okay, then you can
- 1:51Speaker 1: chase volatility. Until then, invest long term into quality companies.
- 1:55Speaker 1: A lot of you are getting chopped because you're chasing
- 1:57Speaker 1: bullshit companies that don't have any value. Where's all the
- 2:01Speaker 1: talk about quandering SMCI shot to everybody SMCI, but there was.
- 2:06Speaker 2: Too much talk last year.
- 2:07Speaker 1: You don't know about this one, and the qulltum stocks
- 2:10Speaker 1: are gonna take over.
- 2:10Speaker 2: You're just get keeping.
- 2:12Speaker 1: Look at your account now rotating too, the shit that matters,
- 2:16Speaker 1: and hold for a long term. I get tired of
- 2:18Speaker 1: telling y'all you'r hold hold. I know it's not fun,
- 2:21Speaker 1: but you're going to chase this volatility and your broker
- 2:25Speaker 1: is going to liquidate your fucking account.
- 2:28Speaker 2: Hold for the long term. I'll be the bad guy
- 2:30Speaker 2: this year, even when they don't like your comments. Son,
- 2:33Speaker 2: don't matter, don't matter. Now, I'm with you. I'm with you.
- 2:37Speaker 3: And that's why it's important to stress UH solid companies
- 2:42Speaker 3: that you believe in, you understand, and that you're going
- 2:44Speaker 3: to be in UH for a long term. We had
- 2:47Speaker 3: a call today, called me today and asked me a
- 2:49Speaker 3: question and I was like, I didn't even know he
- 2:51Speaker 3: was invested in the company. But I was like, look,
- 2:54Speaker 3: this is why you prepare right and so you have
- 2:57Speaker 3: I know some people use fibonacci, some people use support
- 3:00Speaker 3: and resistance. We see good companies shoot up when they
- 3:04Speaker 3: stop pulling back to different retlacement levels. This is an opportunity,
- 3:08Speaker 3: right either we're going to reinvest. So when they let
- 3:10Speaker 3: it come down a little further and we'll get back
- 3:12Speaker 3: in so if it was an options and I got
- 3:13Speaker 3: ten contracts, if it drops down to a price that
- 3:16Speaker 3: I like, all right, I might add too to it
- 3:18Speaker 3: if it's a strong company.
- 3:19Speaker 2: Right.
- 3:20Speaker 3: We talked about this at the Maximount when we were
- 3:22Speaker 3: talking about Microsoft. I'm like, look, how many days am
- 3:25Speaker 3: I gonna let us sit at this four hundred dayma Am,
- 3:27Speaker 3: I just gonna let it sit there? And then it's
- 3:30Speaker 3: off you're upset. Yeah, right, it was sitting at three
- 3:33Speaker 3: ninety three. I'm like, wait, we can't. It's actually trading
- 3:36Speaker 3: below the four hundred day. I think it was at
- 3:38Speaker 3: like four hundred at the time. I'm like, we're just
- 3:40Speaker 3: gonna let us sit here. We understand the story, We
- 3:42Speaker 3: understand that this is going to be one of the
- 3:44Speaker 3: top two or three, top five for sure companies in
- 3:46Speaker 3: the next five years.
- 3:47Speaker 2: And it's trading at this level. Well, why?
- 3:49Speaker 3: And then when we break down the why you understand it,
- 3:51Speaker 3: I'm like, okay, yeah, we got to grab this. It
- 3:53Speaker 3: hit this point, all right, let's go. Now we've been
- 3:55Speaker 3: over four hundred four a week. Let's see if we
- 3:57Speaker 3: can keep going. You got to figure out where the
- 3:59Speaker 3: level what you're going to buy at dolatility is tough
- 4:02Speaker 3: and it's yeah, it's not easy, right, Like when you
- 4:06Speaker 3: have these swings, it feels like, oh my gosh, the
- 4:09Speaker 3: world's coming to them, my account's coming to you.
- 4:11Speaker 2: And this is why we're not day trading.
- 4:12Speaker 3: This is like what we've seen over the past three
- 4:14Speaker 3: weeks is a day traders market.
- 4:16Speaker 2: Absolutely. Now, for those of you there walked in what
- 4:20Speaker 2: are three weeks has.
- 4:21Speaker 1: Been it's it's crazy to sleep Friday and you didn't
- 4:25Speaker 1: pay attention Sunday, you wouldn't have felt any effects of
- 4:28Speaker 1: it at all.
- 4:30Speaker 3: You know, we were sitting down, I'm watching it down.
- 4:34Speaker 3: I think at one point I saw it down eleven hundred.
- 4:36Speaker 3: I remember when the NAST when I went to sleep,
- 4:37Speaker 3: the NASSAC was down seven hundred and fifty six points.
- 4:40Speaker 3: I said, were gonna have a lot to talk about tomorrow.
- 4:42Speaker 3: And then nine thirty hits and I'm like something, something's different,
- 4:46Speaker 3: something's on.
- 4:47Speaker 1: An agreement with Iran if.
- 4:50Speaker 2: All, if it felt something something of the sorts.
- 4:54Speaker 3: So to watch what transpired over the course of the day,
- 4:56Speaker 3: it was pretty interesting. But yeah, stick to long term investing, right,
- 5:02Speaker 3: stick to solid companies, top tier companies that lead their
- 5:06Speaker 3: sector or lead a niche in their sector.
- 5:10Speaker 2: Stay with those.
- 5:11Speaker 1: And my last point, stop expecting rewards that you did
- 5:16Speaker 1: not put in the work for everyone wants the crowd
- 5:20Speaker 1: and achievement or the bag. Do you want the long
- 5:24Speaker 1: nights that comes with the bag in the championship?
- 5:27Speaker 2: Though most don't.
- 5:30Speaker 1: It takes a lot of work to get in these
- 5:31Speaker 1: positions that you guys to be able to know it
- 5:34Speaker 1: like the back of my hand. It takes a lot
- 5:36Speaker 1: of work. It costs friendships unfortunately, it costs personal and
- 5:41Speaker 1: romantic relationships unfortunately. Lock in the great party is though,
- 5:46Speaker 1: it's an amazing feeling to be able to know where
- 5:47Speaker 1: the market is going to go. Before most war leaders
- 5:49Speaker 1: still got to pick. You got either got to be
- 5:52Speaker 1: all in, all out. So the whpeful long term you'll
- 5:56Speaker 1: be good trace is yours