Latest / Black Box Theory Podcast / Markets Never Sleep. That's Why You're Anxious.
Transcript
- Malcolm: There there are a Thomas: A lot of people are gonna be doing some things they shouldn't be doing. Staying up all night, Malcolm: Yeah, yeah, yeah. Thomas: anxiety. Malcolm: Yeah, this this is this is gonna be like I mean, I do I mean it was it was gonna happen. It was only a matter of time, bro, cause like people are people like wanna trade. It's the same it's a people have the same like hunger and desire to like trade at all time. Like it's the same kind of like desire, I think, as as it is in sports betting, bro. Like people just want to like try to make a quick butt like they and so it's like what this opens, I mean I think it it it's good for like accessibility and giving people more like opportunity to like make trades, but it's also gonna be like people that already were like losing a ton of money without any restriction. I think this is just makes it really, really easy for people who don't have like who don't know when to stop for them to lose a lot of money. So it this can be very good and very bad at the same time. like I said, Thomas: Yeah. Who do you even call though? Like if you have an addiction, is there like a trading or you just call the gambling hotline? Malcolm: I mean, I would assume it falls into the gambling addiction hotline kind of bucket, but yeah, man. I'll be watching from a distance. I personally don't plan on being up at four thirty AM trading, watching charts, mapping stuff out, making support and resistance. So like I said, I'm gonna keep doing what I'm doing. I'm a little ECFs and chill. But yeah, man, it's it's it's it's Thomas: Yeah, so ETF and sure. Malcolm: it's scary right now, I can't lie. It's scary right now. Thomas: Yeah. Peep I mean, man, there's people who've had access to the stuff, I believe. or you can trade, you know, other markets. And I mean, you just gotta do what makes sense, to be honest. a lot of people just don't really do what makes sense. They're kind of just stuck in the moment. It's like you can't let your eyes get too big. One of the biggest rules about trading and investing, period, is don't be emotional about it. We said this before, you just have to go based off the data. Malcolm: Yeah. Thomas: Whether it's 24 hours or eight hours, whatever the case, you need to just do what you're gonna do, keep it pushing. That's why ETF and chill is a great idea for a lot of people who like if you're not that type of person, this is not your job. If you just want to put some stuff away, ETF and chill, you don't Malcolm: yeah. Thomas: need a financial advisor to do it. This is not saying to not get one. You should if that's what you want to do. But I'm just it's just like that's a more safe play if you want to do Malcolm: Mm-hmm. Thomas: your own research and not stress over it. you don't want to check the stuff every day that braces your anxiety. And if you're doing trades like support resistance and you're doing looking at minute charts or one second charts, you're one second chart. Malcolm: Like I mean actually there's some people out there that make really good money off of this stuff. I'm like, bruh, it's just it's it's it's it's not for me, man, unfortunately. It's not for me. So yeah, man. It's Thomas: It's it's out the mud. I probably said it wrong. Malcolm: Yeah, nah, genuinely it is. I