Latest / Earn Your Leisure / Expanding Your Portfolio: Top Stocks to Watch in 2024 and Beyond
Transcript
- 0:00Speaker 1: An illegal alien from Guatemala charged with raping a child
- 0:03Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
- 0:07Speaker 1: accused of murdering a Texas man of Venezuelan charged with
- 0:11Speaker 1: filming and selling child pornography in Michigan. These are just
- 0:15Speaker 1: some of the heinous migrant criminals caught because of President
- 0:19Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
- 0:23Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
- 0:28Speaker 1: crossings are at the lowest levels ever recorded, and over
- 0:31Speaker 1: one hundred thousand illegal aliens have been arrested. If you
- 0:35Speaker 1: are here illegally, your next you will be fined nearly
- 0:39Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
- 0:43Speaker 1: never return. But if you register using our CBP home
- 0:46Speaker 1: app and leave now, you could be allowed to return legally.
- 0:50Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
- 0:55Speaker 1: border and families will be protected.
- 0:57Speaker 2: Sponsored by the United States Department of Homeland Security.
- 1:00Speaker 3: Let's talk about trading. Did back testing allow you to
- 1:04Speaker 3: gain more confidence in your trading?
- 1:06Speaker 4: That's a great question, someone asked me on Twitter.
- 1:09Speaker 5: Yes, it gave me. Back testing gives you. It's like
- 1:12Speaker 5: watching film. It gives you the ability to know what
- 1:16Speaker 5: can work in a real market. The thing that does
- 1:20Speaker 5: give you ultimate confidence is forward testing. There's nothing like
- 1:25Speaker 5: actually putting the trade on here and order pending, order filled,
- 1:30Speaker 5: and now you're seeing the position go against you or
- 1:34Speaker 5: in your favor on a feature side, like when you
- 1:36Speaker 5: hear target field.
- 1:37Speaker 4: That's when you know.
- 1:38Speaker 5: So back testing is like watching film, and I think
- 1:42Speaker 5: most people don't go back for far enough to get
- 1:45Speaker 5: a true sample size. I think you need to look
- 1:47Speaker 5: back at maybe six years worth of data to see
- 1:50Speaker 5: if your targets work. So if you're trading features, you
- 1:52Speaker 5: need to see if four tik target works twenty tik
- 1:56Speaker 5: target for every instrument that you trade. On the option side,
- 1:59Speaker 5: I think you need to see if you're going for
- 2:01Speaker 5: percentage based targets, do they work in every cycle? A
- 2:04Speaker 5: compressed cycle, a lot of volume, a lot of volatility,
- 2:08Speaker 5: squeezes limits up and limits down.
- 2:11Speaker 4: You have to see that.
- 2:13Speaker 5: But the only thing that's going to give you real
- 2:15Speaker 5: confidence in your trading is forward testing.
- 2:18Speaker 4: Like you can't be.
- 2:19Speaker 5: On simulation mode all of your life and expect to
- 2:22Speaker 5: have some big wins.
- 2:24Speaker 4: It HiT's different when you actually like put your money in.
- 2:26Speaker 5: And even for a lot of you who trade with
- 2:29Speaker 5: prop firm money, it's different than when you put all
- 2:31Speaker 5: your capital on the line because in real life, you
- 2:34Speaker 5: can't hit a reset button if you lose one hundred
- 2:36Speaker 5: grand on a bad option called all like the guy
- 2:38Speaker 5: on Netflix who lost eleven million. Fortunately he made it
- 2:41Speaker 5: up with dogecoin. Shout out to the dog listen. But
- 2:45Speaker 5: you trade a lot better if you're using your own
- 2:48Speaker 5: capital because you're going to be a lot more mindful
- 2:51Speaker 5: of the trades that you take. So closing out to
- 2:53Speaker 5: Shear going into twenty twenty four, if you've not taken
- 2:56Speaker 5: a live trade yet, set aside two thousand dollars to
- 2:59Speaker 5: do so so you can feel all of the emotions.
- 3:02Speaker 5: Write your game plan out. But the only way you're
- 3:04Speaker 5: truly going to get confident is by shooting your shot
- 3:07Speaker 5: in the market and forward testing your strategy and not
- 3:10Speaker 5: deviating from I mean, I keep saying it, but stop
- 3:13Speaker 5: deviating from your plan.
- 3:14Speaker 6: Yeah, inside that obsentrated I would tell people this is
- 3:17Speaker 6: like one of those things that I hadn't seen people doing.
- 3:20Speaker 7: But you should check the bid history before you buy
- 3:23Speaker 7: a contract.
- 3:24Speaker 5: That's a great say it again, Yes, yeah, because I
- 3:27Speaker 5: think people get the stock price and the bid price
- 3:29Speaker 5: and they think they're the same thing, and it completely
- 3:31Speaker 5: not right.
- 3:31Speaker 7: So you can see how a stock moves.
- 3:34Speaker 6: Over its history, right, we can see the one month,
- 3:36Speaker 6: We can see six months, year or day one year,
- 3:38Speaker 6: two years out, and that's great to know. But you
- 3:40Speaker 6: should also know what the how that bid has moved
- 3:43Speaker 6: with the stock price, right, And so if the stock
- 3:45Speaker 6: moves up, how far has the bid moved?
- 3:47Speaker 7: Has it grown to a percentage that makes sense to you?
- 3:50Speaker 5: Right?
- 3:50Speaker 6: Like we always talk about that, like what's the percentage
- 3:53Speaker 6: that I need to see at declined? Before I realized that,
- 3:55Speaker 6: all right, is hit the level that I'm willing to
- 3:57Speaker 6: now invest. And so finding out what the bid history
- 4:00Speaker 6: is is as important, if not more important. If you're
- 4:03Speaker 6: training options, right, you need to see where it was
- 4:06Speaker 6: six weeks ago. You need to see where it was
- 4:08Speaker 6: a year ago. Sometimes if you're doing a leap, how
- 4:12Speaker 6: far back two years ago? You want to see where
- 4:15Speaker 6: that is trending, so you know, all right, this is
- 4:17Speaker 6: a spot it's pulled back twenty percent. To pull back
- 4:19Speaker 6: thirty percent, I like to do fifty percent, right, if
- 4:21Speaker 6: it pulls back fifty percent is a great company.
- 4:24Speaker 7: I'm looking at it like.
- 4:25Speaker 6: Okay, there's some room for growth, and we kind of
- 4:27Speaker 6: showed that on the screen a few times. But I
- 4:29Speaker 6: think people are getting confused. They're like, well, the stock
- 4:32Speaker 6: price moved up with the BIT. If you're in options,
- 4:34Speaker 6: you're training options, you need to look at the BIT, right.
- 4:36Speaker 6: You need to know what that ask is. Like you said,
- 4:38Speaker 6: it's good to watch it, but when you see or
- 4:41Speaker 6: a field, it's a difference.
- 4:43Speaker 5: That's when the game really starts, right, and that yeah,
- 4:47Speaker 5: I was I say that becomes one of those things
- 4:48Speaker 5: like right, am I going to fill this at a
- 4:50Speaker 5: limit price or a market price? These things are all
- 4:53Speaker 5: these little interestries that you need to know before you
- 4:55Speaker 5: get into the space. Because again he had he had
- 4:59Speaker 5: ten million go down, but he still had other investments. Right,
- 5:02Speaker 5: most of us don't have a thousand dollars that can
- 5:04Speaker 5: go down to four hundred. So we got to be
- 5:06Speaker 5: a little bit more refined with our skill set when
- 5:08Speaker 5: we're making these decisions. Every two of you you can
- 5:11Speaker 5: add to the two bell is important. The great lesson
- 5:14Speaker 5: I think I forgot to mention. I don't like how
- 5:18Speaker 5: he dispersed the capital. But I've been saying forever every
- 5:22Speaker 5: business on earth needs to learn how to trade so
- 5:25Speaker 5: no one can dictate.
- 5:28Speaker 4: Your future endeavors.
- 5:30Speaker 5: Like there's a lot of talk, and I was talking
- 5:32Speaker 5: yesterday about like where does a podcast casting space go
- 5:35Speaker 5: after twenty twenty four, twenty five? A lot of y'all
- 5:39Speaker 5: living zombies right now. This episode is brought to you
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- 7:32Speaker 1: An illegal alien from Guatemala charged with raping a child
- 7:36Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
- 7:40Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
- 7:44Speaker 1: filming and selling child pornography in Michigan. These are just
- 7:48Speaker 1: some of the heinous migrant criminals caught because of President
- 7:52Speaker 1: Donald J. Trump's leadership. I'm Christine Nohm, the United States
- 7:56Speaker 1: Secretary of Homeland Security. Under President Trump attempted the illegal
- 8:00Speaker 1: border crossings are at the lowest levels ever recorded, and
- 8:04Speaker 1: over one hundred thousand illegal aliens have been arrested. If
- 8:07Speaker 1: you were here illegally, your next you will be fine
- 8:11Speaker 1: nearly one thousand dollars a day, imprisoned and deported, you
- 8:15Speaker 1: will never return. But if you register using our CBP
- 8:19Speaker 1: home app and leave now, you could be allowed to
- 8:21Speaker 1: return legally. Do what's right. Leave now. Under President Trump,
- 8:26Speaker 1: America's laws, border and families.
- 8:29Speaker 2: Will be protected sponsored by the United States Department of
- 8:32Speaker 2: Homeland Security.
- 8:32Speaker 5: But I think for those of you that are moving forward,
- 8:36Speaker 5: if you don't know how to trade and invest inside
- 8:38Speaker 5: of that business, you're going to be in a lot
- 8:41Speaker 5: of trouble. So I think if he would have maybe
- 8:44Speaker 5: had an Apple or Microsoft call Dan did the doge
- 8:49Speaker 5: and bitcoin, he probably could have tripped with that money.
- 8:54Speaker 4: Now what a hell of a story that would have been.
- 8:56Speaker 5: But you know, I'm glad he messed up because it
- 8:58Speaker 5: makes the opportunity for us. We need to get on
- 9:00Speaker 5: the line with Netflix asap. For rold Royces too many.
- 9:06Speaker 3: So what's on your list the best stocks twenty twenty four?
- 9:13Speaker 4: I was looking.
- 9:15Speaker 5: I know we talked about it before Troy's mentioning this
- 9:17Speaker 5: one of a lot TSM. I like, I like Amatt,
- 9:22Speaker 5: I love AMD am D for the next three or
- 9:26Speaker 5: four years, has no chance to catch it up to
- 9:29Speaker 5: in video, but I've loved AMD for a long time.
- 9:32Speaker 5: Even some people on the show last week per saying like,
- 9:33Speaker 5: oh do you not love amb anymore?
- 9:35Speaker 4: I love them both.
- 9:36Speaker 5: It's like having a Rose Royce and Bentley like shop
- 9:40Speaker 5: them out, still a good car to drive.
- 9:41Speaker 4: You're good. But I think am D, Amatt.
- 9:46Speaker 5: And Taiwan Semiconductor wants the geopolitical threat goes away.
- 9:49Speaker 4: I'm all in.
- 9:50Speaker 5: For those of you who've been buying anyway, I commend
- 9:53Speaker 5: you can continue to buy. But I think this notion
- 9:55Speaker 5: of like only that the magnificent seven that's producing games
- 9:59Speaker 5: has been a little bit overstated, And I think we're
- 10:01Speaker 5: seeing some of these start to make a nice run,
- 10:04Speaker 5: and we'll run well into twenty twenty four. Twenty twenty five,
- 10:07Speaker 5: like you have to invest for the long term. Another
- 10:13Speaker 5: ticker SNPs I will put on a watch list as well.
- 10:16Speaker 5: I don't love it at the price of the set now,
- 10:18Speaker 5: but Cadence Design I do like. I have that on
- 10:22Speaker 5: a watch list as well. So there's a lot of
- 10:24Speaker 5: other companies that are doing incredibly well. I know we
- 10:27Speaker 5: lean a lot on the Big seven and not lean
- 10:29Speaker 5: a lot on two Tech two Index, but there are
- 10:31Speaker 5: some other companies that are setting up to have a
- 10:33Speaker 5: nice run in twenty twenty four, twenty five and twenty six.
- 10:36Speaker 5: And if you guys are investing for the long term,
- 10:39Speaker 5: you shouldn't worry about any three month or one month
- 10:41Speaker 5: moves at all.
- 10:42Speaker 7: Yeah, and we still love in video. We still love
- 10:45Speaker 7: in video.
- 10:45Speaker 6: I know people watch it, they will watch it earns
- 10:48Speaker 6: last week and we spoke about it, uh and it
- 10:50Speaker 6: beat pretty much on every line. But the one thing
- 10:54Speaker 6: that was concerning is that future guidance when they're you know,
- 10:57Speaker 6: when we talked about, uh, the geopolitical game between America
- 11:01Speaker 6: and China when it comes to the semiconductor space.
- 11:05Speaker 7: What impact will it have? They said it would have
- 11:07Speaker 7: a significant impact in the fourth quarter, But what they
- 11:10Speaker 7: did say.
- 11:10Speaker 6: In addition to that, which kind of had to stop
- 11:13Speaker 6: moving back and forth after the earnings was the fact
- 11:15Speaker 6: that they're going to try to make it up in
- 11:16Speaker 6: different regions, and so I'd be interested to see which
- 11:19Speaker 6: regions like that would be the thing to research. Now
- 11:21Speaker 6: what region is in video moving into and once you
- 11:25Speaker 6: see in video there, I'm sure AMD is already there
- 11:27Speaker 6: or going there as well. And so if they lose China,
- 11:30Speaker 6: which is not lose China, but obviously the band it
- 11:32Speaker 6: has hurt some of the sales for the h one
- 11:34Speaker 6: one hundred.
- 11:36Speaker 7: Where is the next space? Is it India?
- 11:38Speaker 4: Right?
- 11:38Speaker 6: Is is it South? We got to figure out where
- 11:41Speaker 6: that's going. So they can offset some of this loss
- 11:44Speaker 6: with this band. And I mean, who knows, maybe in
- 11:47Speaker 6: a year six months, that band's lifted and you know,
- 11:50Speaker 6: this goes back to something that could not that it's
- 11:53Speaker 6: going down. I mean, it's had an incredible year, but
- 11:56Speaker 6: six hundred could be in the cards in video if
- 11:59Speaker 6: that band it gets lifted.
- 12:01Speaker 5: Absolutely, and especially like you said, if we pass things
- 12:03Speaker 5: up in China, because we were China in America needs each other,
- 12:06Speaker 5: we can play fight.
- 12:07Speaker 4: It's like the relatives.
- 12:08Speaker 5: You may not get along with at Thanksgiving, but like
- 12:10Speaker 5: y'all still blood relatives, So you got to get along
- 12:13Speaker 5: us and China as if to find a way to
- 12:14Speaker 5: coexist or is going to be disaster for both? But
- 12:17Speaker 5: if in video breaks ground in India as India, it's
- 12:22Speaker 5: kind of becoming the new China. We built up that
- 12:24Speaker 5: middle class. Oh baby, so can we do a review
- 12:30Speaker 5: video of our own videos?
- 12:35Speaker 4: They think we.
- 12:35Speaker 5: Should and go away to what we call yeah what
- 12:39Speaker 5: might as well?
- 12:40Speaker 4: Might as well?
- 12:41Speaker 5: We can be the antagonist of our own content, which
- 12:43Speaker 5: brings me to what could we have done better in
- 12:46Speaker 5: twenty twenty three to have a better show and get
- 12:49Speaker 5: people more games?
- 12:50Speaker 4: I know we called them video, but any ideas.
- 12:52Speaker 5: That we can take into twenty twenty four, which for
- 12:55Speaker 5: your anniversary coming up, is crazy. This show lasted longer
- 12:58Speaker 5: than a lot of my relationships. Hey baby, these are
- 13:05Speaker 5: just jokes written by DC young Fly. She could be
- 13:08Speaker 5: shout to anyone I've ever dated, You're amazing. I wasn't
- 13:11Speaker 5: ready for you.
- 13:12Speaker 7: Got ya?
- 13:13Speaker 1: An illegal alien from Guatemala charged with raping a child
- 13:17Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
- 13:21Speaker 1: accused of murdering a Texas man of Venezuelan charged with
- 13:25Speaker 1: filming and selling child pornography in Michigan. These are just
- 13:29Speaker 1: some of the heinous migrant criminals caught because of President
- 13:33Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
- 13:37Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
- 13:41Speaker 1: crossings are at the lowest levels ever recorded, and over
- 13:45Speaker 1: one hundred thousand illegal aliens have been arrested. If you
- 13:48Speaker 1: are here illegally, your next you will be fine nearly
- 13:52Speaker 1: one thousand dollars a day, imprisoned and deported, you will
- 13:56Speaker 1: never return. But if you register using our CBP home
- 14:00Speaker 1: app and leave now, you could be allowed to return legally.
- 14:04Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
- 14:09Speaker 1: border and families will be protected.
- 14:11Speaker 2: Sponsored by the United States Department of Homeland Security.