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Study Hall: MAKE MONEY WHEN STOCKS GO DOWN · Earn Your Leisure

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Speaker 2: We got a special one for ya tonight, y'all, special,
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Speaker 2: real special.
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Speaker 3: Yeah.
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Speaker 4: So this is one of the ones, man, This is
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Speaker 4: one of those ones that everybody has been asking for
1:06
Speaker 4: for a long time, and what better time to do
1:10
Speaker 4: it than now? So this is this is gonna be
1:13
Speaker 4: you know, a very educational, informational session.
1:17
Speaker 5: What's going on? Brother?
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Speaker 3: So, my guy, how you brocuse everything with Troy?
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Speaker 2: What up? Brother, my guy? What's going on with you?
1:25
Speaker 3: Brother?
1:26
Speaker 2: You see that set up? That mean something legendary about
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Speaker 2: to happen. Yes, don't be confused. Legendary movements about to happen. Y'all.
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Speaker 5: Welcome to the Welcome to the big show.
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Speaker 3: Thank you, my brother, thank you.
1:43
Speaker 5: Draft ed and.
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Speaker 2: With the number one E selects they call him mister
1:54
Speaker 2: smooth out there. You know, see that being served down
2:00
Speaker 2: to the heights. Dykeman, What up? Man?
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Speaker 4: Yeah, let me intro Chris. So if you don't know Chris.
2:10
Speaker 4: Chris has been teaching for us for months now at
2:13
Speaker 4: Eyo University. I think it actually teaches two classes a
2:16
Speaker 4: week and just breaks down stocks like one of the
2:20
Speaker 4: best to actually on the educational side to actually explain
2:22
Speaker 4: it from a technical standpoint, from charts, but also just
2:25
Speaker 4: from a you know, a baseline level, explaining you know stocks,
2:29
Speaker 4: how it works, how to get in, you know, how
2:32
Speaker 4: to open a brokerage account, you know all this stuff
2:34
Speaker 4: like you know, and that's one of the things with
2:36
Speaker 4: ey University that we try to do because I know,
2:38
Speaker 4: sometimes when we when we just talk and you might
2:40
Speaker 4: just hear it in on market Mondays or just on
2:43
Speaker 4: you on Instagram, it's kind of tough. It's kind of
2:46
Speaker 4: tough to just you know, move at the beginning level
2:49
Speaker 4: if you're just starting out. If we have an advanced conversation,
2:52
Speaker 4: So we always try to bring it back to the
2:54
Speaker 4: you know, a understanding so everybody can understand it from
2:56
Speaker 4: beginning to advance.
2:58
Speaker 5: And it's on going education that we do every single week.
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Speaker 4: So yeah, Chris is one of one of our favorite
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Speaker 4: teachers professors that we have at Eyo University. So being that,
3:10
Speaker 4: you know, he was thinking about a topic to talk about,
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Speaker 4: and I'm like, oh, this is perfect topic because everybody
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Speaker 4: kept keeps asking about puts, how to short stock. Obviously
3:21
Speaker 4: the stock market is going down right now, so you know,
3:25
Speaker 4: most people are under the common misconception that you only
3:29
Speaker 4: make money when stocks go up, but that's not necessarily true.
3:33
Speaker 4: You can make money from stocks actually going down. Well,
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Speaker 4: and that's what we're going to talk about today, like
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Speaker 4: how you know the whole thing, like what it actually means,
3:41
Speaker 4: what a putt is, you know, how to short the stock,
3:43
Speaker 4: things of that nature. So of course, like anything, you know,
3:46
Speaker 4: there's risk involved, so you know, do your research, be careful.
3:52
Speaker 4: It's not to tell you like this is what to do,
3:54
Speaker 4: like you should do this play right now tomorrow, but
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Speaker 4: it's to provide you information that will equip you moving
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Speaker 4: forward if you want to be a trader.
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Speaker 2: I think that's that's one of the best things about Chris,
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Speaker 2: so like not only do we talk about the things,
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Speaker 2: but he actually shows you why you're looking at he's
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Speaker 2: looking at it, and why you should be looking at
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Speaker 2: it in a very very detailed way. So I've been
4:15
Speaker 2: sneaking in the classes, Chris, I know, I'm just sneaking
4:18
Speaker 2: in those classes. So yeah, and assessing what we're learning
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Speaker 2: is important too, right, And that's one of the things
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Speaker 2: that he does as well. I think it's rightly important
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Speaker 2: to say like, yeah, we're airing, Yeah we kind of
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Speaker 2: understand it, but how do you know if you understand it?
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Speaker 2: And so like having that assessment piece is dope too,
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Speaker 2: So kudos to you, my brother.
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Speaker 4: And it's also important to it's not necessarily like that
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Speaker 4: this is the time where you have to short, but
4:41
Speaker 4: you should know how to short because there's always an
4:44
Speaker 4: opportunity to short stocks, and even if you don't use
4:47
Speaker 4: it should it should be part of your It's like,
4:49
Speaker 4: you know, it's like a carpenter. You have to have
4:52
Speaker 4: different tools in the toolbox. So you just can't have
4:55
Speaker 4: a hammer, that's it. Like you might have a school drive,
4:57
Speaker 4: you have a hammer, you have a wrench. So now
5:00
Speaker 4: when the time comes for you to use that tool,
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Speaker 4: then you'll actually be prepared. So this is something that
5:05
Speaker 4: you can use now if you want, but it's not
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Speaker 4: a situation where it's like you have to use it
5:09
Speaker 4: right now because the market is going down. It's just
5:12
Speaker 4: something that is extremely beneficial for you to learn. So
5:16
Speaker 4: you know, you could use it now if you want,
5:18
Speaker 4: or when the time comes, if you have a stock
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Speaker 4: that you feel is the right stock to actually put
5:22
Speaker 4: a put on or the short then you'll be ready.
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Speaker 4: So yeah, that's what that's what this is about. So
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Speaker 4: I'll just give a quick overview once again. Welcome to
5:31
Speaker 4: everybody on YouTube that's joining us. We do this once
5:36
Speaker 4: a month, the last Wednesday of the month at eight
5:38
Speaker 4: o'clock Eastern Standard time. What we call open Enrollment is
5:41
Speaker 4: kind of an open window to eyl University and it
5:45
Speaker 4: just kind of gives you a preview, a sneak peak
5:48
Speaker 4: of what we actually do every single week. And as
5:50
Speaker 4: I said, Chris is somebody that actually teaches multiple classes
5:53
Speaker 4: for US weekly, So you know this is this is
5:56
Speaker 4: a good indicator of what's.
5:58
Speaker 5: Going on inside the e y University.
6:00
Speaker 4: So I'll talk more about Eyo University later on, but
6:04
Speaker 4: without further ado, I'll hand it off to Chris and
6:09
Speaker 4: let him let him, let him get in his bag.
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Speaker 3: Definitely, definitely. First of all, thanks again trying to shot
6:14
Speaker 3: for the great opportunity to talk about such a vital
6:17
Speaker 3: topic today, and that is how do you actually make
6:20
Speaker 3: money in a bear market, in a correction market? How
6:23
Speaker 3: do you actually make money and become profitable? So today's
6:26
Speaker 3: all about knowing how to get into puts, how to short,
6:29
Speaker 3: but most importantly knowing the technicals behind it to actually
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Speaker 3: have the confirmation to make money. So with that being said,
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Speaker 3: for those that do not know me, I'm Christopher Munios.
6:38
Speaker 3: I'm a cybersecurity product manager at Microsoft. That's my main
6:43
Speaker 3: you know career or you know job that I currently have.
6:46
Speaker 3: I'm a big, big advocate for STEM careers. I'm mostly
6:49
Speaker 3: the foundering CEO of Level of Academy is an educational platform.
6:54
Speaker 3: The founder CEO of Level of Apago, foundering CEO of
6:57
Speaker 3: Level of Financial, which is a creditor payer, and also
6:59
Speaker 3: bus is funding company, and most of the CEO of
7:03
Speaker 3: MVR Luxury Rental. So if you're ever in Miami and
7:06
Speaker 3: you want to get a nice car, a nice crib boat,
7:09
Speaker 3: everything like that, we definitely have that. So definitely feel
7:12
Speaker 3: free to tape in when it comes to that. Something
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Speaker 3: critical that Rashad mentioned was that you have to be flexible.
7:19
Speaker 3: Right Oftentimes as an investor, as a trader, you probably
7:22
Speaker 3: have just one go to strategy. And the best thing
7:26
Speaker 3: when it comes to being a good investor or a
7:28
Speaker 3: good trader, is that you have to be an athlete.
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Speaker 3: You got to be adaptive, you got to be flexible
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Speaker 3: to all changing markets, and you got to have different
7:37
Speaker 3: tool kits when it comes to your bag to really profit,
7:40
Speaker 3: and right now is a very very tough time, you know,
7:43
Speaker 3: to profit. However, I'm definitely going to you know, dissect
7:46
Speaker 3: technical analysis today and give you the direct tools that
7:51
Speaker 3: you need to be able to make money. Right There's
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Speaker 3: one word that I definitely want you to write down
7:56
Speaker 3: today and that is stackflation. Stackflation is where we're at
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Speaker 3: right now. Although the headlines on CNN and these different
8:03
Speaker 3: use press they say that we're about to enter that market,
8:06
Speaker 3: we're already there. So for those that do not know
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Speaker 3: what stackflation is, tackflation is where we are at a
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Speaker 3: point where there's no economic growth, is very stagnant. So
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Speaker 3: consider a chart. When a chart is not trending either
8:22
Speaker 3: up or down, is going to trade sideways. That's the
8:25
Speaker 3: current economy that we're in right now. So there's definitely
8:28
Speaker 3: a big difference between stackflation and also a recession. So
8:32
Speaker 3: to give you a better picture of what it is,
8:34
Speaker 3: it is definitely a period of stagnant economic growth. Right,
8:37
Speaker 3: there's not much going on, but there's definitely high inflation.
8:41
Speaker 3: Inflation is at eight point two percent right now, right,
8:45
Speaker 3: and of course there's also high unemployment as well. Right.
8:49
Speaker 3: That is the key right now when it comes to
8:51
Speaker 3: this current market, and you have to understand that right now,
8:54
Speaker 3: you're probably not going to have a lot of trend
8:56
Speaker 3: or a lot of movement in the market. But it
8:59
Speaker 3: is very critical us for us to understand that we're
9:02
Speaker 3: already in that's tackflation market at the moment. Something else
9:07
Speaker 3: when it comes to stackflation, is that this is definitely
9:11
Speaker 3: a good opportunity to buy, is a good opportunity to
9:13
Speaker 3: dollar cost average. It's also a good opportunity to do
9:16
Speaker 3: more research when it comes to the stocks than you
9:18
Speaker 3: actually own. So I've been actually traveling the last couple
9:22
Speaker 3: of months and one of the questions that I do ask,
9:24
Speaker 3: and I am monitoring the chat here on YouTube, is
9:28
Speaker 3: that if you don't know the CEO of the company
9:30
Speaker 3: that you're investing in, are you really investing? Right? I've
9:33
Speaker 3: been to Atlanta, I've been to Miami, I'm about to
9:36
Speaker 3: go to the Bay Area, And every single time I
9:38
Speaker 3: do ask this question, do you know who the CEO
9:40
Speaker 3: of Nvidia is? Do you know who the CEO of
9:44
Speaker 3: a Microsoft is? If you don't know who the CEO is,
9:47
Speaker 3: what's the vision behind a company? What's their competitive advantage?
9:51
Speaker 3: And are you really investing or are you actually gambling
9:54
Speaker 3: your money and praying to God that you're actually going
9:56
Speaker 3: to make a profit. This is the mindset shift that
9:58
Speaker 3: I want every single person part of this life today
10:01
Speaker 3: to really change. And again, during this time of stackflation,
10:05
Speaker 3: is very very critical for you to allocate your funds
10:09
Speaker 3: and companies that are going to be here five to
10:11
Speaker 3: ten years from now. So again, stackflation, it is definitely
10:15
Speaker 3: caused by a slow or stagnant economic growth. Inflation it
10:19
Speaker 3: is definitely increasing. I think all of us definitely feel it.
10:22
Speaker 3: And of course the unemployment is also increasing at this time.
10:28
Speaker 3: Just to add on to that, a bear market always
10:31
Speaker 3: comes to an end. And I'm always going to say this,
10:34
Speaker 3: and there's actually gonna be a lot of things that
10:35
Speaker 3: I'm going to cover throughout today that will hopefully give
10:38
Speaker 3: you more of a context and confirmation so that you're
10:40
Speaker 3: able to trade at ease and invest at ease. Bear
10:45
Speaker 3: markets always come to an end. And it's crazy, you
10:48
Speaker 3: know why? Because always the bad days are always easier
10:52
Speaker 3: to remember when it comes to anything, when it comes
10:55
Speaker 3: to life, when it comes to the stock market, when
10:56
Speaker 3: it comes to the futures market, when it comes to crypto,
10:59
Speaker 3: the bad day are always easier to remember. How come
11:02
Speaker 3: we never talk about the good days? How come we
11:04
Speaker 3: never talk about when Teslon was hit. It's hit, it
11:08
Speaker 3: hits sixteen hundred. Why weren't we happy and yelling at
11:11
Speaker 3: that time. Now when we actually have the opportunity to
11:14
Speaker 3: buy more and actually load the boat. Now, we're panicking
11:18
Speaker 3: and we're actually selling. So what is a beer market?
11:21
Speaker 3: Just to give some educational context here, a correction is
11:25
Speaker 3: a decline of ten percent, right, a correction decline of
11:28
Speaker 3: ten percent from the high of any security. This is
11:32
Speaker 3: more than normal and it is also very very healthy
11:36
Speaker 3: for those that are part of EYL, that are part
11:37
Speaker 3: of Level UP. I've seen the chat here we talk
11:41
Speaker 3: about market structure. After a high or high is going
11:44
Speaker 3: to have to make a rest. After you go to
11:46
Speaker 3: the gym and you do a set of squads or debtlifts,
11:48
Speaker 3: whatever it is, you're definitely going to take a rest.
11:50
Speaker 3: When you do a sprint, you're also going to take
11:52
Speaker 3: a rest. So it's very very healthy for a stock
11:54
Speaker 3: or any security to take a rest. So what is
11:57
Speaker 3: a beer market. A beer market is a decline of
11:59
Speaker 3: two twenty percent, right, So at its high, if we
12:03
Speaker 3: pull back more than twenty percent, we are indeed at
12:07
Speaker 3: a beer market. And we actually just introduced a beer
12:09
Speaker 3: market last week. So one thing about the beer market
12:12
Speaker 3: that I also want to talk about is that at
12:16
Speaker 3: this time, this is the generational buying opportunity. When the
12:21
Speaker 3: pandemic happened in the year of twenty twenty. COVID nineteen
12:24
Speaker 3: came through lots of people felt it. People needed to
12:27
Speaker 3: find a way to generate another stream of income. People
12:31
Speaker 3: were at home and they wanted to understand, how can
12:33
Speaker 3: it actually make my money grow? Where beer markets was
12:36
Speaker 3: the time to buy twenty twenty March twenty twenty, That
12:40
Speaker 3: was definitely the time to load the boat to be
12:42
Speaker 3: able to realize, you know, some good gains after we
12:46
Speaker 3: actually recovered. So it's very very critical for us to
12:48
Speaker 3: talk about that today and talk about how this is
12:51
Speaker 3: definitely the time where you want to go ahead and
12:54
Speaker 3: you want a dollar cost tiverage and you actually want
12:55
Speaker 3: to buy Nvidio, you want to buy Microsoft, you want
12:58
Speaker 3: to buy Apple, you want to buy your each like
13:00
Speaker 3: Vu and Vti. Why not the high of en video
13:04
Speaker 3: for this years, I think it's three forty six, you know,
13:07
Speaker 3: after earnings the things at one fifty seven. If if
13:10
Speaker 3: I'm not mistaken, it is definitely at a discount. So
13:12
Speaker 3: why not buy more? Generational buying opportunities don't come often.
13:17
Speaker 3: This is the second chance that we get in the
13:19
Speaker 3: last two years. I love stats, I love numbers, So
13:23
Speaker 3: for that reason, I'm going to bring up this chart
13:25
Speaker 3: here just so that we can decipher what we're talking about. Here,
13:29
Speaker 3: give me one second. Here we go so bear market,
13:32
Speaker 3: bull market. Here we have our bear market and red.
13:36
Speaker 3: Here we have our bull market in blue. The average
13:39
Speaker 3: duration of a bull market is two thousand and sixty
13:42
Speaker 3: nine days. Now, let's go ahead, and let's go ahead
13:45
Speaker 3: and compare that to a bear market of four hundred
13:48
Speaker 3: and forty six days. There's a big difference here. The
13:51
Speaker 3: average return of a bull market is two hundred and
13:54
Speaker 3: nine percent, whereas a bull market is negative thirty eight percent. Now,
13:59
Speaker 3: I want you to take look at the time span
14:01
Speaker 3: that I'm showing here from nineteen sixty six all the
14:04
Speaker 3: way to twenty and twenty two, nineteen sixty six all
14:08
Speaker 3: the way to to twenty two. Just look at the
14:10
Speaker 3: amount of bear markets, and then look at the gains
14:15
Speaker 3: every single time that we recovered nineteen eighty six. Look
14:19
Speaker 3: at the game twenty ten, Look at the game twenty twenty,
14:25
Speaker 3: Look at the game. So why are we scared now?
14:27
Speaker 3: If we're getting a second opportunity in the last two years,
14:31
Speaker 3: that if you missed a twenty twenty beer market, if
14:34
Speaker 3: you miss what happened in the pandemic maybe you were not.
14:37
Speaker 3: Maybe you were not investing at the time. Now this
14:40
Speaker 3: is your check, you know, your second chance to actually
14:43
Speaker 3: go ahead and get your portfolio up and going. I
14:45
Speaker 3: want you to keep in mind that this is indeed
14:48
Speaker 3: a sale. We are definitely at a sale. We intered
14:52
Speaker 3: a bear market. Something else about a bear market. Whenever
14:55
Speaker 3: we entered a bear market, we actually go down twelve
14:58
Speaker 3: percent and additional twelve percent, So we're definitely gonna keep
15:02
Speaker 3: going down. But if your favorite thought, like Nvidia is
15:06
Speaker 3: at a day, is at a discount of sixty fifty percent,
15:10
Speaker 3: why not buy it? So definitely keep this into account.
15:12
Speaker 3: Bull markets. There, we actually have more of a trending
15:15
Speaker 3: bull market than what we do when it comes to
15:18
Speaker 3: a beer market. Second, there we go. Another cool tool
15:27
Speaker 3: that I definitely recommend everybody to look at is the
15:30
Speaker 3: Fear and Greed Index. So the Fear Greed Index. You're
15:33
Speaker 3: definitely gonna find this on your finbas, You're going to
15:35
Speaker 3: find this on CNN, on Yahoo finance. And this right
15:38
Speaker 3: here is a very cool technical tool that allows you
15:41
Speaker 3: to understand what are the emotions that are driving the market. Right,
15:45
Speaker 3: What are the emotions that are actually driving the market
15:47
Speaker 3: do we have extreme fear or do we have extreme greed?
15:50
Speaker 3: For those in the chat, do we buy when we
15:53
Speaker 3: are in fear or do we buy when we are
15:55
Speaker 3: in greed. Let's go ahead and give it a couple
15:58
Speaker 3: of seconds here so that we can let the chat
16:00
Speaker 3: tap in. And the reason why I talk about this
16:07
Speaker 3: is because when we have extreme fear, that's when we
16:10
Speaker 3: want to go ahead and buy more. We want to
16:12
Speaker 3: load the boat. When the stock market is definitely pulling back,
16:15
Speaker 3: you do not want to go ahead and sell your stocks.
16:18
Speaker 3: And right now I have people hitting me up, Hey Chris,
16:20
Speaker 3: should I go ahead and sell them?
16:21
Speaker 2: Oh?
16:21
Speaker 3: You know in my entire portfolio and just realize this,
16:25
Speaker 3: you know, realize the loss. The mindset should be. You
16:28
Speaker 3: know what, the stock that I love maybe is square,
16:31
Speaker 3: maybe it's in Video, maybe it's Microsoft. The stock that
16:34
Speaker 3: I love is at a ridiculous discount. Why don't I
16:37
Speaker 3: Why don't I go ahead and buy more and have
16:39
Speaker 3: a heavier position. Now I'm going to put it more
16:42
Speaker 3: into a perspective when it comes to my community. Why
16:46
Speaker 3: every time that Gucci sneakers are down or have a
16:49
Speaker 3: discount of thirty percent, the lines are packed right outside
16:53
Speaker 3: when there's a Black Friday sale for Louis Baton, the
16:55
Speaker 3: lines are packed right outside. Why don't we actually have
16:58
Speaker 3: that exact same mindset for stocks that can really that
17:03
Speaker 3: can help us, you know, realize generational wealth and that
17:06
Speaker 3: we can actually pass down to our kids and hopefully
17:08
Speaker 3: generations down the road. Why do we have that exact
17:11
Speaker 3: same so you know, that exact same approach, And that's
17:14
Speaker 3: what I'm talking about here, extreme fear. We load the boat.
17:17
Speaker 3: This is totally fine. I want every single person to
17:19
Speaker 3: be at ease because this just presents opportunities to buy
17:23
Speaker 3: more and be able to have a larger position when
17:25
Speaker 3: it comes to those stocks that you actually love. And
17:28
Speaker 3: I you know, I see that we have two hands up.
17:31
Speaker 3: I'll go ahead and take those two questions.
17:34
Speaker 2: Yeah, we're gonna wait. We're gonna wait to after Chris.
17:37
Speaker 3: All right, all right, I got you. So here's the question,
17:43
Speaker 3: do you want more sauce? You know, we talked about
17:45
Speaker 3: the current market. The current condition we're definitely at a
17:48
Speaker 3: at a stackflation phase at the moment is very very
17:51
Speaker 3: different than what it is of a recession. It's all
17:54
Speaker 3: about that, you know, mindset shift. Let's let's talk about
17:57
Speaker 3: some bear market statistics, cause again we're definitely gonna hone
18:00
Speaker 3: in on that this definitely presents another buying opportunity. It
18:04
Speaker 3: presents a second chance. Right over a dozen of corrections
18:08
Speaker 3: have taken place since the year two thousand. This, Sha'll
18:12
Speaker 3: let you know what, It is totally okay that if
18:15
Speaker 3: we have a correction, is very very healthy for that stock.
18:19
Speaker 3: Double digit corrections occur on average every one point eight
18:23
Speaker 3: five years, subheading them. So it is totally okay that
18:27
Speaker 3: if we had a very great twenty twenty one, it's
18:29
Speaker 3: totally okay for you for us to have a small
18:32
Speaker 3: pullback or enter a beer market. Here in twenty twenty two,
18:36
Speaker 3: stocks lose thirty six percent on average in a bear market.
18:39
Speaker 3: By contrast, stocks gained one hundred and fourteen percent on
18:43
Speaker 3: average during a bull market. Just just think about that
18:47
Speaker 3: for a second. I mean, let us sink in for
18:48
Speaker 3: a second, thirty six percent to a gain of one
18:51
Speaker 3: hundred and fourteen percent. These are the numbers that I
18:55
Speaker 3: want you to think about every single day. So let's
18:58
Speaker 3: assume that you're gonna invest for fifty year, forty years,
19:00
Speaker 3: thirty years. You're trying to realize generational wealth like I
19:04
Speaker 3: am myself. Assuming a fifty year investment horizon, you can
19:08
Speaker 3: expect to live through about fourteen bear markets, give or take.
19:12
Speaker 3: It is totally okay to go through a bear market.
19:15
Speaker 3: Why because a bear market percent another opportunity for you
19:18
Speaker 3: to buy. Of the last ninety two years of market history,
19:22
Speaker 3: bear markets have comprised only about twenty point six of
19:26
Speaker 3: those years. Put another way, stocks have been on the
19:29
Speaker 3: rise for seventy eight percent of the time. If you
19:32
Speaker 3: ask me, seventy eight percent is not a bad number. Actually,
19:35
Speaker 3: it's a very lucrative number and definitely percent a lot
19:38
Speaker 3: of opportunities for you to buy, reinvest, reinterer, and definitely
19:41
Speaker 3: look at other stocks. Now, here's the big question that
19:47
Speaker 3: I have for every single person out you know in
19:51
Speaker 3: this part of this audience, part of this live is
19:54
Speaker 3: your portfolio recession proof? And this is what I really
19:58
Speaker 3: want to hone in on. I want every single person
20:01
Speaker 3: to really think about your portfolio and the stocks that
20:04
Speaker 3: you believe in every single day. Again, I talked about
20:06
Speaker 3: how in Miami, Atlanta, when I asked who's the CEO
20:10
Speaker 3: of a MD it was crickets in the room. It
20:13
Speaker 3: was definitely crickets. You need to understand a couple of
20:16
Speaker 3: different things. Who's the CEO. If you do not know
20:20
Speaker 3: who the CEO is, honestly, you should not be investing
20:24
Speaker 3: in that company. Here's why. When you invest into the
20:27
Speaker 3: stock market, which is a proven way for you, you know,
20:30
Speaker 3: for you to realize wealth, you're basically hiring the best
20:34
Speaker 3: CEOs across the world to make your money grow. If
20:38
Speaker 3: you do not know the vision of the company. If
20:40
Speaker 3: you do not know that Microsoft's one of the you know,
20:43
Speaker 3: one of Microsoft's biggest revenue is actually cloud computing, which
20:47
Speaker 3: is Azure. If you do not know what that is,
20:49
Speaker 3: are you really investing or are you actually gambling? If
20:54
Speaker 3: you do not know the competitive advantage that in Nvidia has,
20:58
Speaker 3: then are you really investing? If you don't know the
21:00
Speaker 3: product line or the services that they actually provide and
21:04
Speaker 3: the different ways that they can actually bring in revenue
21:06
Speaker 3: back into the company, are you really investing into the market?
21:11
Speaker 3: Are you really invested into that company? Me myself, I'm
21:14
Speaker 3: heavily invested into Microsoft and Video and I go Vuo
21:19
Speaker 3: and VTI. Definitely invested into my ETFs and I dollar
21:22
Speaker 3: cost average every single week. I do not care what
21:24
Speaker 3: the price is. Why, because my vision is long term.
21:28
Speaker 3: And here's where it really comes down to. It comes
21:31
Speaker 3: down to step number one, what is your goal? Is
21:35
Speaker 3: your goal? Is your goal short term or do you
21:37
Speaker 3: have long term goals? Depending on your goals, it really
21:41
Speaker 3: defines the strategy that you're going to have when it
21:43
Speaker 3: comes to the stock market.
21:44
Speaker 2: Right.
21:45
Speaker 3: So knowing the CEO, knowing the vision of the company,
21:48
Speaker 3: knowing whether or not that company has an unbreakable competitive advantage,
21:52
Speaker 3: and also knowing the product line and services is going
21:55
Speaker 3: to be monumental in paramount to the success of your portfolio.
21:59
Speaker 3: So there's folks that oftentimes to have a portfolio of
22:03
Speaker 3: stocks that I don't even know what they do right,
22:06
Speaker 3: or they don't even know what they do right. So
22:08
Speaker 3: knowing this will definitely help you out. And if you
22:11
Speaker 3: and if you do not know the answers to these
22:14
Speaker 3: different questions, I highly recommend you to take some time
22:17
Speaker 3: out of the week and get these answers because this
22:20
Speaker 3: will definitely let you know whether or not you actually
22:23
Speaker 3: have a recession prof portfolio. Dollar cost savaging. Right, So
22:31
Speaker 3: we talked about a couple of different ways that you're
22:33
Speaker 3: able to hedge that you're able to, you know, stay
22:36
Speaker 3: alive when it comes to this very market. Aside from
22:38
Speaker 3: buying our shares, you want a dollar cost savage. So myself,
22:42
Speaker 3: when it comes to Microsoft, I have around six hundred
22:45
Speaker 3: shares of Microsoft's right I'm buying every single week. Especially
22:49
Speaker 3: now that Microsoft is at two sixty two fifties, I
22:52
Speaker 3: definitely want to buy that time, knowing that the highest
22:55
Speaker 3: three fifty, so it is definitely at a discount at
22:57
Speaker 3: this at this moment. The reason why you want to
22:59
Speaker 3: doe dollar costs average is because it really decreases your
23:03
Speaker 3: exposure to price volatility. Dollar cost averaging can definitely save
23:08
Speaker 3: your portfolio, especially if you believe in those companies that
23:11
Speaker 3: you're actually investing in. And this is the question where
23:14
Speaker 3: you have to ask yourself, do you invest and do
23:17
Speaker 3: you actually believe in these different companies that are part
23:19
Speaker 3: of your portfolio. I see people oftentimes that they have
23:23
Speaker 3: fifty to one hundred disparate stocks in their portfolio. Why
23:28
Speaker 3: not have five to six stocks that you know that
23:31
Speaker 3: they're going to be here five to ten years from
23:32
Speaker 3: now and just double down and have a larger percision
23:36
Speaker 3: when it comes to those stocks that will set you
23:38
Speaker 3: apart from folks that have one hundred or one hundred
23:42
Speaker 3: and fifty different stocks and maybe have two to three shares.
23:45
Speaker 3: What I'm trying to say here is that the larger
23:48
Speaker 3: the position that you actually have when it comes to
23:49
Speaker 3: the stocks, the more gains that you're able to actually
23:52
Speaker 3: realize in a short amount of time as well. So
23:54
Speaker 3: dollar cost averaging is definitely one of the ways that
23:57
Speaker 3: you can make money even with in a big market
24:02
Speaker 3: or any or any single pullback. Something else that you
24:05
Speaker 3: can actually invest into is inverse ETFs. So inverse ETFs
24:09
Speaker 3: allow investors to short the market, so as the stocks
24:12
Speaker 3: are coming down, you can actually invest in these different ETFs.
24:16
Speaker 3: I will only recommend these different ETFs for short term hodes.
24:20
Speaker 3: And something else that I definitely recommend is to actually
24:22
Speaker 3: put a stop loss or a trailing stop loss when
24:24
Speaker 3: it comes to these different inverse ETFs that will help you,
24:28
Speaker 3: you know, minimize the risk that you actually have when
24:30
Speaker 3: it comes to these different stocks. And here at the bottom,
24:33
Speaker 3: I just put two different inverse ETFs that are very
24:36
Speaker 3: very famous, and the first one is the sqqq which
24:39
Speaker 3: is basically the opposite of QQQ. So if you do
24:43
Speaker 3: believe that QQQ will be heading down. This is definitely
24:46
Speaker 3: one of the assets or different securities that you're able
24:50
Speaker 3: to invest in. Also, we else there's the SDS. The
24:53
Speaker 3: SDS tracks the SMP five hundred, which is basically the
24:58
Speaker 3: opposite of the SMP five hundred. There's different ways that
25:01
Speaker 3: you're able to invest and get into the market. Again, flexibility,
25:06
Speaker 3: becoming adaptive, and being versatile will definitely help you out
25:12
Speaker 3: when it comes to the stock market. And me personally,
25:15
Speaker 3: it doesn't matter what the stock market is doing. I'm
25:17
Speaker 3: trying to find different ways that i can definitely hedge
25:20
Speaker 3: against and I'm never sticking to one single strategy. You're
25:23
Speaker 3: gonna find people that they only stick to one strategy
25:27
Speaker 3: and once the market changes, they no longer make any
25:31
Speaker 3: money or they're not profitable. Why because they're not being
25:35
Speaker 3: flexible or they do not adapt to the changes of
25:38
Speaker 3: the stock market. You have to be an athlete, just
25:41
Speaker 3: like a sport. You've got to be flexible, you got
25:43
Speaker 3: to be versatile, you got to be the jack of
25:45
Speaker 3: all trades. Same thing here when it comes to the
25:47
Speaker 3: stock market. For you, you actually become profitable and realize
25:51
Speaker 3: generational wealth. These are definitely some of the ways that
25:53
Speaker 3: you're able to make money.
25:55
Speaker 2: Because really quickly. So I see short term holds and
25:58
Speaker 2: you said stop blows, is it? But centers that you
26:01
Speaker 2: would recommend for a stop loss if somebody is out
26:03
Speaker 2: there listening to them.
26:05
Speaker 3: I would say for beginners, ten percent, I think ten
26:07
Speaker 3: percent is more than recommended. I think that's a very
26:10
Speaker 3: comfortable percentage for those that are beginners. For those that
26:14
Speaker 3: are more advanced and more seasoned, then you can of
26:16
Speaker 3: course go to twenty twenty five percent, but it definitely
26:18
Speaker 3: depends on one on your goal. Two you know what's
26:22
Speaker 3: the most the size of your account. But I think
26:25
Speaker 3: ten percent is more than doable perfect, definitely definitely. Next
26:29
Speaker 3: is put options. Put options is definitely the way right.
26:34
Speaker 3: And we've had indicators since the summertime, and I'm going
26:38
Speaker 3: to show you these different indicators that let us know
26:41
Speaker 3: that a bear market was indeed coming right. Market structure
26:45
Speaker 3: is the way to go, and technical analysis is the
26:49
Speaker 3: way to go. I talk about it all the time.
26:51
Speaker 3: For the earners. For the level of family, price action
26:54
Speaker 3: is definitely king right. This will definitely help you understand
26:58
Speaker 3: whether or not we're actually we're gonna have a change
27:00
Speaker 3: in momentum or trend when it comes to the stock market.
27:04
Speaker 3: So what is a put option? So put option is
27:07
Speaker 3: a contract that you buy and it gives the owner
27:10
Speaker 3: the option, but not the requirement to sell a specific
27:13
Speaker 3: underlying security at a predetermined price within a certain amount
27:18
Speaker 3: of time. Right, that certain amount of time is the
27:20
Speaker 3: expiration that those are one of the components that are
27:24
Speaker 3: part of a option contract. So put options is definitely
27:27
Speaker 3: one of the ways that if you believe that QQQ,
27:29
Speaker 3: that if in video Microsoft, if these different securities are
27:32
Speaker 3: going down, this is one of the ways that you
27:35
Speaker 3: can actually go ahead and make some money. So to
27:38
Speaker 3: put it into more perspective, when you buy a put option,
27:41
Speaker 3: you're anticipating and I definitely put it anticipating in gold
27:45
Speaker 3: here that the value of the underlying stock will decrease
27:48
Speaker 3: in value over the course of the contract. Again anticipating.
27:53
Speaker 3: There's no one hundred percent in any market. We can't
27:56
Speaker 3: time the market, we can't predict the market. What we
27:59
Speaker 3: can do is that we can build a hypothesis of
28:02
Speaker 3: what's going to happen, and then we can gather evidence.
28:05
Speaker 3: We can you know, we can actually gather confluence that
28:09
Speaker 3: can help us. You know, build an argument for our hypothesies.
28:12
Speaker 3: And again I'm going to show you different ways that
28:14
Speaker 3: you're able to do that with technical analysis to be
28:17
Speaker 3: able to make money every single day. All right, So
28:20
Speaker 3: here we go. So when it comes to the put option,
28:25
Speaker 3: you know, the direction of the stock market definitely determines
28:29
Speaker 3: what type of contracts you will have or you might
28:32
Speaker 3: take on. And I'm going to go ahead and just
28:34
Speaker 3: get my tool here just to highlight a couple of
28:37
Speaker 3: different things. If you think that the stock price will
28:40
Speaker 3: move up, you're more thanizing going to buy a co
28:42
Speaker 3: option or sell a put option. If you think that
28:46
Speaker 3: the stock price will stay stable, you can sell a
28:49
Speaker 3: call option or sell a pull a put option. If
28:53
Speaker 3: you think that the stock price will go down, which
28:55
Speaker 3: is you know the market that we're definitely in right now,
28:58
Speaker 3: you want to go ahead and you want to buy
28:59
Speaker 3: a a put option, and you want to sell a
29:02
Speaker 3: call option. So put options is definitely one of the ways.
29:06
Speaker 3: I'm going to show you exactly what happened. First, I'm
29:08
Speaker 3: going to go to the charts and talk about the
29:12
Speaker 3: strike price. Right, So we talked about the expiration. Right.
29:15
Speaker 3: When you buy a option contract, you have to specify
29:18
Speaker 3: a expiration. If I were to buy a Nvidia one
29:22
Speaker 3: D and fifty put for this week, that will be
29:25
Speaker 3: called a weekly, right, So weeklies are definitely risky, and
29:29
Speaker 3: you should definitely go ahead and put you know, you
29:32
Speaker 3: should definitely go at least two weeks out when it
29:34
Speaker 3: comes to your option contracts, just to buy some time.
29:38
Speaker 3: So the strike price is really really critical because that
29:41
Speaker 3: allows you to understand whether or not your option contract
29:45
Speaker 3: is in the money, out the money, or at the money.
29:50
Speaker 3: So actually, Troy Rashott, I got my iPad here that
29:53
Speaker 3: I would like to do a quick demonstration on what
29:56
Speaker 3: is in the money, out the money, at the money.
29:58
Speaker 3: But I just need some help when it comes.
29:59
Speaker 2: To this, all right, what you need?
30:02
Speaker 3: So my iPad is called Chris iPad. Gotcha, Yeah, let
30:07
Speaker 3: me know if you're able to put that one for
30:09
Speaker 3: a co host, HM, let's sit here, let's see, And
30:25
Speaker 3: I'm actually gonna go ahead and just raise my hand
30:27
Speaker 3: from my iPad so you're able to see.
30:28
Speaker 2: Yeah, once you raise your hand, Uh, yeah, there you go.
30:31
Speaker 2: I see it. Is it the CM capital?
30:35
Speaker 3: Y's probably the capital? Yeah, gotcha, Yeah, there we go. Excellent,
30:43
Speaker 3: Thank you brother, only the host can sharing this meeting.
30:47
Speaker 2: Let me see, I got you right now, I'm.
30:50
Speaker 3: Gonna stop sharing here and then there we go. Excellent,
30:57
Speaker 3: there we go. All right, excellent. So we covered this
31:04
Speaker 3: in EYL, but I'm gonna go ahead and cover it
31:06
Speaker 3: here because we definitely need to understand what is the
31:08
Speaker 3: strike price in the money, out the money, and of
31:11
Speaker 3: course at the money. So give me one second second,
31:29
Speaker 3: So in the money, at the money, and again we're
31:32
Speaker 3: gonna go ahead and just say that we have a
31:33
Speaker 3: stock like in vidio and video, let's say at one sixty, right,
31:36
Speaker 3: the price of Nvidia at one sixty. And I'm just
31:39
Speaker 3: gonna show this demonstration for calls. So we're first going
31:43
Speaker 3: to start with calls and then from there we are
31:45
Speaker 3: going to go into the put explanation. Right, So in
31:49
Speaker 3: the money, out the money, and also at the money,
31:52
Speaker 3: give me one section one uh second. Here will go
31:55
Speaker 3: ahead and just get my my pental work one quick second.
32:02
Speaker 6: Mm hmm.
32:05
Speaker 4: YouTube, hit the like button and share if you can
32:09
Speaker 4: greatly appreciate.
32:10
Speaker 3: It one quick second. I'll be right back.
32:39
Speaker 4: So as we wait for Chris to come back, we'll
32:42
Speaker 4: take a quick break, intermission break, and we'll tell you
32:47
Speaker 4: more about Eyo University. So once again, Chris's professor does
32:52
Speaker 4: this twice a week, so a lot of times people ask, like,
32:54
Speaker 4: what's the difference between Eyo University and podcasts or like
32:57
Speaker 4: market Mondays. And it's a hands on learning experience where
33:00
Speaker 4: it's designed to kind of be a classroom where take
33:02
Speaker 4: it slow, answer questions, go through presentations.
33:06
Speaker 5: It's a community. So that's what it's kind of like private.
33:09
Speaker 4: School as opposed to publicher where it's like, you know,
33:11
Speaker 4: public school, the information is always going to be available
33:13
Speaker 4: for free, whether it's on YouTube or Apple, podcasts or Instagram.
33:18
Speaker 4: But you know, the Eyo University almost like nine thousand
33:21
Speaker 4: members I think is in there right now, and you know,
33:24
Speaker 4: a private Facebook group and MG the Mortgage Guide does
33:26
Speaker 4: real estate calls, I do financial planning calls. We have
33:28
Speaker 4: a movie club, book club, weekly classes, and you know
33:32
Speaker 4: it's it's all done at you know, individual speed, much
33:36
Speaker 4: smaller classrooms, individual learning staff. And the best part is
33:42
Speaker 4: actually the community that's actually built because people actually get to.
33:44
Speaker 5: Network with each other and build with each other.
33:46
Speaker 4: So that's kind of the difference between you know, what
33:50
Speaker 4: we've built on the bigger platform as far as you
33:53
Speaker 4: know for the media side, for the podcasts and YouTube
33:57
Speaker 4: and things of that nature, and what we built on
33:59
Speaker 4: the community side.
34:00
Speaker 5: It's called Eyo University.
34:01
Speaker 2: Yeah, and I think one of the dope things about
34:03
Speaker 2: especially what Chris is doing. A lot of times we
34:05
Speaker 2: get information and we can't apply it in real time,
34:07
Speaker 2: and so one of the best things is that his
34:09
Speaker 2: class every Monday at noon is happening while trades, while
34:13
Speaker 2: the market is open, and so we can hear the
34:15
Speaker 2: information from twelve to one point thirty a lot of
34:18
Speaker 2: times ask questions and then actually go out and that
34:20
Speaker 2: really apply it. And then just for a follow up,
34:22
Speaker 2: he has another class on Tuesday. So it's really hands
34:25
Speaker 2: on and it goes from the beginning level to a
34:28
Speaker 2: more intermediate level to sometimes advance and so you can
34:32
Speaker 2: enter anywhere you're at. I know a lot of us
34:34
Speaker 2: have joined Ewy Young University and we've grown in trading
34:37
Speaker 2: over the course of the past six or seven months,
34:39
Speaker 2: or even some of us who've been here from the
34:41
Speaker 2: beginning of the past two years. So you know, it's
34:43
Speaker 2: one of those things where you can take your time
34:44
Speaker 2: and learning. And the best thing, like Rashad said, is
34:46
Speaker 2: that there's people learning at the same pace you are.
34:48
Speaker 2: And so when you get that community feel, it's more
34:51
Speaker 2: of a situation where it's like, all right, I have
34:53
Speaker 2: somebody who is my air like that I can actually
34:56
Speaker 2: learn with and go with through my journey of investment.
34:59
Speaker 2: So it's a beautiful thing. I've learned a lot. I've
35:01
Speaker 2: learned a lot being in these classes. And shout out
35:03
Speaker 2: to everybody in e uy lu.
35:05
Speaker 5: Yeah for sure, Chris you ready or called the audible
35:09
Speaker 5: see your chart going up.
35:10
Speaker 3: Yeah, let's get it. Let's get it. Let's get it.
35:13
Speaker 3: My pencil acting acting, acting, acting out. But all right,
35:16
Speaker 3: so we're gonna do it here. I'm gonna go ahead
35:18
Speaker 3: and just drag this all the way to the right
35:20
Speaker 3: hand side. And let's go ahead and do this right.
35:23
Speaker 3: We'll use the text here in trading view. I'm telling
35:25
Speaker 3: you this is why being flexible and being versatile can
35:29
Speaker 3: definitely be helpful. Right, So let's say in video has
35:32
Speaker 3: a price of one sixty right, so the price of
35:35
Speaker 3: Nvidia it's one sixty second. Let's go ahead and make
35:39
Speaker 3: this a little bit bigger. And this is for calls.
35:43
Speaker 3: So I want you to understand how to pick a
35:46
Speaker 3: end the money out the money options contract and be
35:49
Speaker 3: able to be profitable in it. Right, So one sixty
35:53
Speaker 3: is the current price for in video, right if I
35:57
Speaker 3: and you know within the options chaining, when you try
35:59
Speaker 3: to choose that options contract, you're also going to see
36:03
Speaker 3: prices like one sixty one, right, I'm gonna go ahead
36:06
Speaker 3: and put it here. You're also going to see prices
36:09
Speaker 3: like one fifty nine or one fifty eight. Right. And
36:20
Speaker 3: because the price of one sixty or the or in
36:24
Speaker 3: video is at one sixty, if you choose a option
36:27
Speaker 3: contract that is a one sixty call, that will be
36:31
Speaker 3: a at the money contract because that is the current
36:35
Speaker 3: price of in video. So one sixty is the current price.
36:37
Speaker 3: If you choose a one to sixty option contract, that
36:40
Speaker 3: will be a at the money option contract if you
36:43
Speaker 3: choose a one sixty one, right, keeping in mind that
36:47
Speaker 3: in video is only at one sixty. If you choose
36:49
Speaker 3: a one sixty one option contract and video has not
36:53
Speaker 3: hit one sixty one yet, so for that reason, this
36:57
Speaker 3: will be a out of the money contracts. So out
37:00
Speaker 3: of the money aka OTM. So when they hear you
37:05
Speaker 3: say OTM, this is what they mean. This will be
37:08
Speaker 3: a out of the money options contract. If you choose
37:12
Speaker 3: a one to fifty nine option contract. Again, in Vidia
37:15
Speaker 3: has already surpassed one, so that will be a in
37:20
Speaker 3: the money options contracts or in the money aka that
37:24
Speaker 3: will be im right, So in the money equals im
37:28
Speaker 3: and this is how you were able to get your
37:32
Speaker 3: option contracts for calls. Right, If you want to go
37:35
Speaker 3: for costs one sixty one out of the money, one
37:38
Speaker 3: sixty will be at the money because that is the
37:40
Speaker 3: current price for in video. One fifty nine will be
37:43
Speaker 3: a in the money because Nvidia has already surpassed that
37:48
Speaker 3: that price.
37:49
Speaker 2: Right.
37:49
Speaker 3: Now, let's go ahead and change it up a little bit,
37:52
Speaker 3: and let's go for I'm gonna try to draw in
37:54
Speaker 3: here four puts, right, So for puts, there we go.
37:59
Speaker 3: So for pus for Nvidia, it's gonna be a little
38:01
Speaker 3: bit different, right, I'm gonna go ahead and just take
38:03
Speaker 3: this text and bring it down. Let me take this
38:06
Speaker 3: banging down, and let me go ahead and take this
38:08
Speaker 3: out the way as well. So for this one, it's
38:11
Speaker 3: gonna be a little bit different because which one to
38:13
Speaker 3: you know? Say that in Vidia is going to go down?
38:16
Speaker 3: So again one sixty is the current price, right, So
38:20
Speaker 3: if you go for one sixty on the puts. This
38:24
Speaker 3: is the current price. If I choose a one to
38:25
Speaker 3: sixty put, that will be a at the money contract.
38:29
Speaker 5: Right.
38:30
Speaker 3: If I go ahead and choose a one to fifty nine,
38:34
Speaker 3: that will be out of the money, right, because in
38:37
Speaker 3: Vidia has not decreased or gone down to the one
38:41
Speaker 3: to fifty nine level. If I choose a one sixty one,
38:45
Speaker 3: this will be a d the money. So this actually
38:47
Speaker 3: is the opposite when it comes to puts. The one
38:50
Speaker 3: sixty one becomes the end of money option contract and
38:54
Speaker 3: the out of the money is the one to fifty
38:56
Speaker 3: nine because in Vidia has not yet decreased to one
38:58
Speaker 3: fifty nine. So this is how you're able to choose
39:01
Speaker 3: your option contracts. Now, a question that I often get
39:03
Speaker 3: is this, Chris, if if I'm a scalper. And for
39:07
Speaker 3: those that don't know what a scalper is, a scalper
39:09
Speaker 3: is a type of trader that you're in and out right,
39:12
Speaker 3: You're usually in a trade from you know, less than
39:15
Speaker 3: eight minutes. You know, that is the type of trader
39:17
Speaker 3: that I am. I go in heavy, and I'm in
39:19
Speaker 3: and out. I'm just trying to capitalize of a small
39:22
Speaker 3: movement when it comes to the stock market, if I'm
39:24
Speaker 3: a you know, if I'm a scalper or if I'm
39:27
Speaker 3: a day trader, which option contract should I go for? Well,
39:32
Speaker 3: you should definitely go for in or at the money contracts.
39:36
Speaker 3: And here's the reason why. Aside from understanding the stripe
39:39
Speaker 3: price when it comes to options, you also want to
39:43
Speaker 3: understand the Greeks. So the Greeks allows you to understand
39:47
Speaker 3: how how much money you will make if that trade
39:50
Speaker 3: actually goes your way. So in and at the money
39:53
Speaker 3: contract should be the preferred or the or the recommended
39:56
Speaker 3: option contracts if you are a day trader or a scalper.
40:01
Speaker 3: The only time, and again I'm gonna say this again,
40:03
Speaker 3: the only time that you're going to choose a out
40:06
Speaker 3: of the money contract is if you're going to swing
40:10
Speaker 3: or if you're going to go into leap calls. That
40:12
Speaker 3: is the only way that I would say that it
40:14
Speaker 3: will be lucrative for you to go for a out
40:16
Speaker 3: of the money contract. In the money, at the money
40:19
Speaker 3: definitely have the best Greeks, and the Greeks will definitely
40:22
Speaker 3: be on your side when it comes to you and
40:25
Speaker 3: at the money. When in respect to either being a scalper,
40:28
Speaker 3: or if not being a day trader. When it comes
40:31
Speaker 3: to the stock market.
40:35
Speaker 4: One thing that I just want to drill down is
40:37
Speaker 4: that a this is for people that are interested in
40:42
Speaker 4: being traders. You don't have to be a trader, but
40:45
Speaker 4: if you are interested in you know, having that as
40:47
Speaker 4: part of your arsenal, and you need to know how
40:50
Speaker 4: to you know, make put options. And then also and
40:53
Speaker 4: you know, either one that you can chime in but
40:56
Speaker 4: you don't want to keep it's not something that you
40:57
Speaker 4: keep for a long period of time, yeah, or it's
41:00
Speaker 4: are usually more short term as opposed to like leap options,
41:03
Speaker 4: what could be potentially years, like years, two and a
41:06
Speaker 4: half years for a leap call.
41:08
Speaker 2: You agree with that, Yeah, And I think Chris, you
41:11
Speaker 2: spoke about that in the presentation kind of around at
41:13
Speaker 2: the same time when I was talking about stop laws.
41:15
Speaker 2: I think you put that three to five days or
41:18
Speaker 2: somewhere in that or definitely less than two weeks on
41:21
Speaker 2: a put ouction. But just knowing that you can do
41:23
Speaker 2: it right for years, I'm talking about years we had
41:26
Speaker 2: no like a lot of us had no ideas what
41:28
Speaker 2: options were even were, And so to know that to
41:31
Speaker 2: know that you can make money either when the market
41:33
Speaker 2: is going up or down is critically important, right, because
41:36
Speaker 2: we're seeing it happen over the course of six months,
41:38
Speaker 2: I mean since January, we've seen what happened, what's happened
41:41
Speaker 2: to the nastac And now obviously that's and p's and
41:43
Speaker 2: bed market, and most people are like, wait, they're just
41:45
Speaker 2: watching the money deplete and deplete and deplete, not knowing
41:48
Speaker 2: that there's an opportunity that you can actually make money
41:50
Speaker 2: on the way down. So this is vially important information.
41:53
Speaker 3: That's funny, absolutely sure.
41:55
Speaker 4: So all right, so this is another part of the
41:58
Speaker 4: EYO University experiences that we have question answer sessions. So
42:03
Speaker 4: if you you know, obviously if you watch a podcast,
42:05
Speaker 4: you're not going to be able.
42:06
Speaker 5: To, you know, ask questions.
42:07
Speaker 4: So the whole the whole model was kind of designed
42:13
Speaker 4: after you know, education in a real school, and not
42:18
Speaker 4: to say that, you know, universities are bad, but a
42:21
Speaker 4: lot of the things that aren't in universities aren't useful
42:25
Speaker 4: and they're over priced as well. So we're like, how
42:28
Speaker 4: can we take the best experience from a university as
42:31
Speaker 4: far as the community, as far as a professor coming in,
42:33
Speaker 4: as far as a class, as far as being able
42:35
Speaker 4: to ask questions, as far as being able to have
42:37
Speaker 4: a customized learning style, like those are all good things
42:40
Speaker 4: that are part of university. How can we take out
42:43
Speaker 4: the bad part, which is like having to just do
42:46
Speaker 4: electives on you know, Earth science and American studies and
42:50
Speaker 4: art classes and how can we you know, not have
42:54
Speaker 4: to charge seventy thousand dollars a year and have student
42:56
Speaker 4: loans and things of that nature. So like I we can,
42:59
Speaker 4: we can actually you know, scale it down and give
43:02
Speaker 4: what people actually want and need and for a penny
43:07
Speaker 4: of the price. So yeah, that's kind of the model
43:10
Speaker 4: behind Eyo University. And once again we have great professors
43:14
Speaker 4: like Chris who who teach, who teach classes and you
43:18
Speaker 4: know has built his own community as well, which we'll
43:20
Speaker 4: talk about.
43:21
Speaker 5: That later on.
43:22
Speaker 4: But yeah, so the second part of this is going
43:25
Speaker 4: to be the the question and answer experience and you know,
43:30
Speaker 4: get to ask questions and you know, get to answer it.
43:33
Speaker 4: And then there's also a zoom chat going on too,
43:35
Speaker 4: so a lot of times people actually answer questions for
43:38
Speaker 4: other people in the zoom. That happens to my financial
43:41
Speaker 4: planning class a lot, even if I don't know the
43:43
Speaker 4: answer to a question somebody else might know the answer.
43:45
Speaker 4: We just look it up on the spot and different
43:47
Speaker 4: things of that nature. So it's a real it's a
43:49
Speaker 4: real vibe. So we're gonna go to that. But if
43:52
Speaker 4: you're interested in joining Eyo University, we are running fifty
43:54
Speaker 4: percent off sales, so I put the link on the YouTube.
43:58
Speaker 5: It's Eyo University dot com.
44:00
Speaker 4: Pretty easy and if you want to, you know, sign
44:02
Speaker 4: up and become an earner, we'd love to have you
44:04
Speaker 4: on the other side. So let's let's get some some
44:08
Speaker 4: questions if we can.
44:09
Speaker 2: Yeah, real real quick. Shout out to Andrea and shout
44:12
Speaker 2: out to Mercedes in the chat. Shout out to y'all.
44:14
Speaker 2: Ill see y'all. Y'all answering half the questions in there,
44:16
Speaker 2: so shout out to y'all. Getting busy, chat chat chat
44:19
Speaker 2: lit Right now, Hey, Chris, I have a quick question.
44:22
Speaker 2: So I'm and this is golden. If you're watching right now,
44:24
Speaker 2: you should be taking a picture of this technical announcements roadmap. Yeah,
44:28
Speaker 2: moving averages, which which moving averages do you use? So
44:31
Speaker 2: are you twenty? Are you fifteen hundred? What do you
44:33
Speaker 2: do two hundred?
44:34
Speaker 3: So fifteen two hundred are definitely known, you know across
44:36
Speaker 3: hetch funds and stuff, but it's like the hedge funes
44:39
Speaker 3: already know that. We know that fifteen to two hundred
44:41
Speaker 3: are definitely the ones.
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47:04
Speaker 3: I used the nine em A and twenty one em A.
47:06
Speaker 3: And for those that are you know, part of uyol,
47:08
Speaker 3: y'all know that we we print money with that n
47:12
Speaker 3: twenty one A man. You can use it on any
47:13
Speaker 3: time frame and it's called you know, just like the
47:16
Speaker 3: fifteen two hundred. When it comes to crossover, you know,
47:18
Speaker 3: when the nine am man crosses above the twenty one,
47:21
Speaker 3: that is a golden cross. When the nine am A
47:23
Speaker 3: crosses below that is a death cross. But the nineteen
47:26
Speaker 3: twenty one twenty definitely or for scalpers, for day traders,
47:30
Speaker 3: for spring traders, for long term positions. So it's definitely
47:33
Speaker 3: the way to go.
47:34
Speaker 2: Shout shout out to the earners of the chat. They
47:36
Speaker 2: open one too. I hope you got that gym. All right,
47:39
Speaker 2: let let's open this up a little bit. Ashley read,
47:42
Speaker 2: we are coming to you. Unmute yourself. You have been unmuted.
47:45
Speaker 2: What's going on? Ashley received cashier. Hello, Hey, I'm so
47:55
Speaker 2: sorry sorry you guys.
47:56
Speaker 7: I'm at work.
47:58
Speaker 3: I definitely did not.
47:59
Speaker 8: Think that I have take it through to ask a question.
48:03
Speaker 8: I just want to say, thanks you guys for everything
48:05
Speaker 8: that you all do, and thank you for trying to
48:08
Speaker 8: educate the community and for giving back and for adding value.
48:12
Speaker 7: To our lives.
48:13
Speaker 8: I really do appreciate it.
48:15
Speaker 5: Appreciate that, of course.
48:20
Speaker 8: So my question is, Okay, so you know most of
48:25
Speaker 8: the stocks now are going in a downward trend. We're
48:29
Speaker 8: in a bear market. Do you think that it's a
48:33
Speaker 8: good time to start loading the boat or this is
48:37
Speaker 8: and this question is for anyone, or do you think
48:40
Speaker 8: that I should like give it more time and let
48:44
Speaker 8: certain things continue going down. So right now I have
48:49
Speaker 8: about seven thousand dollars to invest, and I'm trying to
48:53
Speaker 8: decide on if I should just go ahead and put
48:57
Speaker 8: it in the stocks.
48:58
Speaker 3: Now or wait a little bit longer. I got definitely
49:02
Speaker 3: answer that. So I mean I would say start, you know,
49:05
Speaker 3: start buying, startloading the boat. Right if you look at
49:07
Speaker 3: the stocks that you that you would that you actually
49:09
Speaker 3: believe in. Let say you're Microsoft, You're in video and
49:11
Speaker 3: videos at a crazy discount right now. There's no reason
49:14
Speaker 3: that if you like in video at three hundred. How
49:17
Speaker 3: Troy says you should definitely like it at one sixties.
49:19
Speaker 3: So I would say it's definitely the time to load
49:22
Speaker 3: the boat. Yes, the you know, the stock market may
49:24
Speaker 3: still going down, but if it's stocks that you know
49:26
Speaker 3: are going to be here five to ten years from
49:28
Speaker 3: now and you're thinking long term, there's I mean, I
49:32
Speaker 3: don't think you should definitely, you know, hesitate when it
49:35
Speaker 3: comes to buying these different stocks.
49:37
Speaker 2: Yeah.
49:38
Speaker 4: Yeah, I think you can also dolo cost average and
49:40
Speaker 4: even if the stock goes down, you can dolar cost down. Well,
49:44
Speaker 4: Like it's like let's say you put one thousand dollars
49:47
Speaker 4: in even I mean, like let's take a stock like Amazon,
49:51
Speaker 4: where it's I think it's like forty something percent off
49:54
Speaker 4: of his all time high. So yeah, it could potentially
49:58
Speaker 4: go to like fifty percent off of his all time high.
50:00
Speaker 4: We'll go to sixty percent off. Maybe probably not, but
50:04
Speaker 4: like if you're kind of runner, you don't, if you're
50:08
Speaker 4: kind of nervous and say, okay, I don't want to
50:09
Speaker 4: put everything in, then it drops down again. You can
50:12
Speaker 4: always drop you can always buy more even at a
50:15
Speaker 4: lower point, and the benefit with that is that you
50:18
Speaker 4: you lower your your buying price. So now when the
50:23
Speaker 4: stock goes up, you're actually you know, in a better position.
50:26
Speaker 4: So that's always a strategy as well. But yeah, I mean,
50:28
Speaker 4: you know, being at it's at the start of the
50:30
Speaker 4: band market, I think you know, it'll probably be choppy.
50:32
Speaker 5: For a while, but you know, it could always it
50:34
Speaker 5: could also move sideways.
50:35
Speaker 4: It doesn't necessarily mean it has to just continuously drop
50:39
Speaker 4: as drastically as it has dropped. But yeah, I think
50:42
Speaker 4: Chris brings up a good point. You got to look
50:43
Speaker 4: at each stock on an individual basis. A stock like
50:47
Speaker 4: Apples only down twenty percent, but you know a stock
50:50
Speaker 4: like video is down fifty like that. Yeah, right now,
50:56
Speaker 4: so you know that's that's different, right that that might
50:59
Speaker 4: be a better then something that's only down fifteen percent
51:02
Speaker 4: or something that's down eighteen percent that's kind of held
51:05
Speaker 4: pretty strong, which has more downside potential. So it really
51:08
Speaker 4: just depends because there's so many different stocks on the
51:10
Speaker 4: stock market that it really just depends. But the deeper
51:14
Speaker 4: that it went down, and of course if it has
51:15
Speaker 4: to be a good company that you believe in, but
51:19
Speaker 4: you know, the deeper the dis the deeper the discount,
51:23
Speaker 4: the better.
51:24
Speaker 2: The buy yeah, I was gonna say, and I see
51:26
Speaker 2: some people put in the chat like scale in or
51:28
Speaker 2: taper in, and that would kind of be like the
51:30
Speaker 2: method for dollar col savaging. But we got to like
51:33
Speaker 2: realize what good companies are, Like, it's Amazon a great company. Yeah,
51:37
Speaker 2: it's Apple a great company. Yeah? Is in Video a
51:39
Speaker 2: great company? Yeah? They're great companies. It's just that we're
51:41
Speaker 2: in a bear market and so yeah, they're gonna trend down,
51:44
Speaker 2: but there's still solid companies. You got to realize that
51:46
Speaker 2: it's still a solid company. It's just at a discounted price.
51:49
Speaker 2: And we shouldn't be panic trading or feeling and fear
51:52
Speaker 2: because we've already seen I'm glad that Chris brought that
51:54
Speaker 2: statistic up. Seventy eight percent of the time the market
51:57
Speaker 2: moves in the upper trend seventy eight percent of the time.
52:00
Speaker 2: It feels like this has been going on forever because
52:01
Speaker 2: a lot of us have just gotten into investing, and
52:04
Speaker 2: so it's like, wait, it doesn't go up every day,
52:07
Speaker 2: Like this is what a pullback is. And so if
52:10
Speaker 2: you're patient enough and you're in very very solid companies,
52:13
Speaker 2: and I think that's one of those great shatages you
52:15
Speaker 2: talked about Chris actually knowing the CEO, actually knowing what
52:18
Speaker 2: the moat is. I know you talked about competitive advantage,
52:20
Speaker 2: So knowing what the moat is they have a versus
52:22
Speaker 2: everybody else in that sector. It's very important before you
52:24
Speaker 2: make an investment, and so just realize that this is
52:27
Speaker 2: a beer market, but nearly eighty percent of the time
52:31
Speaker 2: the market trends in an upward manner. So keep that
52:33
Speaker 2: in mind when you're making these investments. All you're thinking
52:36
Speaker 2: about making it and you're feeling a kind of apprehensive
52:38
Speaker 2: about doing it. Appreciate you, Ashley.
52:41
Speaker 8: Yes, thanks you guys.
52:43
Speaker 2: TJ. We're coming to you. I'm mute yourself. You've been unmuted.
52:45
Speaker 2: What's going on? TJ? There you TJ? What's up?
52:48
Speaker 3: What's up?
52:49
Speaker 5: Try going on?
52:53
Speaker 2: Chris? They been good? Brow you.
52:57
Speaker 3: I'm good. I'm good.
52:58
Speaker 2: Bless up, bless up.
53:01
Speaker 3: Question Chris, did you get in that Nvidia one seven call?
53:06
Speaker 2: I just spoke about it last night.
53:07
Speaker 3: I did yep, iRED you feel about it? You still
53:11
Speaker 3: got tom so so I so I did play earnings.
53:13
Speaker 3: I did the one seventy call. I also got into
53:15
Speaker 3: an in video trade today. I got like a forty
53:18
Speaker 3: percent game. It was a quick scout, so I did
53:21
Speaker 3: make money today. But I'm a little salty about the
53:23
Speaker 3: Ernie's play, all right though. You know Ernie's play. One
53:26
Speaker 3: thing about Ernie's play is definitely a gamble, Like when
53:28
Speaker 3: you put money into Ernie's is money that you got
53:31
Speaker 3: to be comfortable losing. So you know, I was ready
53:35
Speaker 3: for it.
53:36
Speaker 2: Yeah, I got into it too. I'm done, but it's
53:39
Speaker 2: all good. Yeah, for those not in the note and
53:41
Speaker 2: video had their earnings today and I'm looking at it
53:44
Speaker 2: right now after hours they down another seven percent. So
53:49
Speaker 2: obviously if you if you're scalping, which means you're you know,
53:52
Speaker 2: you're in and out of these positions, obviously it's a downtread.
53:54
Speaker 2: But this is why it's they're having the advantage of
53:57
Speaker 2: time works in your benefit here, right, because yes, it's
54:01
Speaker 2: a pullback, and obviously theself because did they report that
54:04
Speaker 2: the guidance was kind of low going forward, Chris? Is
54:06
Speaker 2: that what I said?
54:07
Speaker 3: Yeah, yeah, it was very very low. Honestly, they definitely
54:10
Speaker 3: have bullish momentum throughout the day. I was a little
54:13
Speaker 3: bit scared about that, the bullish momentum because you know,
54:16
Speaker 3: Spy was definitely going down and they were definitely buying
54:18
Speaker 3: it up. I just didn't think that it was going
54:20
Speaker 3: to continue going down, right, But there was Bairey any
54:23
Speaker 3: guidance when it comes to the Ernie's player. I just
54:25
Speaker 3: feel that in video is such a strong stock that
54:27
Speaker 3: maybe tomorrow go back to win seventy or one sixty five.
54:30
Speaker 3: You know, it definitely has those days. And at the
54:32
Speaker 3: end of the day, you got to think about this.
54:34
Speaker 3: Market makers they want to bring it right right back
54:37
Speaker 3: down to the one fifties, to buy it right back up.
54:39
Speaker 3: So I think mar should definitely.
54:41
Speaker 2: Be a very interesting That's one of those things that
54:43
Speaker 2: people have to realize. The market market makers will pull
54:47
Speaker 2: back the equity or the asset to a number that
54:51
Speaker 2: they like, right so they can actually buy more. And
54:54
Speaker 2: so I told you this is if this was like
54:56
Speaker 2: finding Nemo, Like we're Nemo in this and there's whales
54:59
Speaker 2: out there, right, or there's sharks out there that eating
55:01
Speaker 2: off the things that the movement that they know that
55:03
Speaker 2: we're going to participate in. So be very mindful of that. Welando, Welando,
55:10
Speaker 2: we are coming to you. You are being unmuted. Unmute yourself.
55:14
Speaker 2: Orlando what's going on? TJ. I appreciate you, thank you,
55:18
Speaker 2: thank you.
55:18
Speaker 5: How's it going?
55:19
Speaker 2: Can you hear me? Yeah? We gave you this is crazy.
55:23
Speaker 3: First of all, thank you for selecting me.
55:26
Speaker 9: And I really appreciate all the work that y'all do.
55:28
Speaker 9: I've leveled up so much my personal life and like
55:30
Speaker 9: my whole view on the world has changed. So I
55:32
Speaker 9: appreciate the fact that you guys are taking the.
55:34
Speaker 3: Time and energy to do this.
55:37
Speaker 9: So my question is this, what would and I asked
55:40
Speaker 9: this in the zoom chat. What are the books audio
55:43
Speaker 9: people that I should research on, read or know in
55:47
Speaker 9: order to develop top level technical analysis for skill technical
55:51
Speaker 9: analysis skills.
55:53
Speaker 3: Yeah, so you can get the Charting and Technical Analysis
55:56
Speaker 3: book by Things Frank McCallen Frank Allen. But this should
56:01
Speaker 3: be your roadmap. This is the rolemap you need. I mean,
56:03
Speaker 3: this is everything you need. You don't need no secret strategy,
56:07
Speaker 3: no secret sauts. You need to be able to understand
56:10
Speaker 3: market trends, how to actually plot supporting resistance. What are
56:15
Speaker 3: the different candlestick patterns that actually matter? So, for example,
56:18
Speaker 3: a hammer candle at a downtrend is going to be critical.
56:21
Speaker 3: And I promise you that when we actually recover from
56:24
Speaker 3: this beer market, you're probably gonna see either a hammer
56:27
Speaker 3: candle or if not, a bullish and golfing format. You
56:29
Speaker 3: need to understand truck patterns. What's a double top? Was
56:32
Speaker 3: a beer flag? You know? Bullflag double bottom? How to
56:36
Speaker 3: actually use trend lines every single day. Trend lines, out
56:39
Speaker 3: of all the technical tools that we get out of
56:42
Speaker 3: technical analysis, is definitely my favorite. And you could use
56:45
Speaker 3: trend lines for scalping, for day trading, for swing trading,
56:48
Speaker 3: for anything. And you also need to know the moving
56:51
Speaker 3: average crossovers nine to twenty one is money that is
56:55
Speaker 3: gold right there, that's definitely golden. Highly recommend you to
56:58
Speaker 3: do it. You also need to understan and if you
57:00
Speaker 3: want to be a day trader or a scalper, what
57:02
Speaker 3: are the intra date strategies that suit you know your
57:06
Speaker 3: personal needs. So for example, the ABCD pattern is go
57:10
Speaker 3: the opening range breakout. It allows you to understand the trend.
57:14
Speaker 3: The break and retest strategy is very very critical. And
57:17
Speaker 3: then on top of that you can add some additional
57:19
Speaker 3: layer of sauce and you can add the mcdee, the rside,
57:22
Speaker 3: the stochastics, but price action is definitely what you gotta
57:26
Speaker 3: take into account, but it will never click if you
57:29
Speaker 3: don't do it. You can read all the books in
57:31
Speaker 3: the world. You can read fIF you know, five thousand books.
57:34
Speaker 3: If you don't sit down and actually write it down
57:37
Speaker 3: and draw a double top, draw a beer flag, draw
57:39
Speaker 3: a bull flag, it will never click. Why because you
57:42
Speaker 3: need that muscle memory right and at the end of
57:44
Speaker 3: the day, it will definitely take some time. It will
57:46
Speaker 3: probably take anywhere from one year to two years for
57:49
Speaker 3: you to get really good. I taken coll analysis, but
57:52
Speaker 3: I definitely feel that this role my prayer here when
57:53
Speaker 3: it comes to these different topics. You should be able
57:56
Speaker 3: to look it up. Also part of Eyuniversity, we definitely
58:00
Speaker 3: as well, So that will be my recommendation.
58:03
Speaker 2: Yeah, Rolando, the fact that you are on the other side,
58:06
Speaker 2: you're an earner. We actually had a book club about
58:10
Speaker 2: charting and technical analysis, so that's our chive. We actually
58:13
Speaker 2: did that in January, so you can actually go back
58:15
Speaker 2: and watch every one of those book clubs about that book.
58:18
Speaker 2: And I mean that this is like that'd be like
58:20
Speaker 2: a crash course for you on top of it. Actually,
58:22
Speaker 2: like I think the most important thing christ is saying
58:24
Speaker 2: is like actually applying it, and so it's good for
58:26
Speaker 2: us to say it and for you to watch it.
58:28
Speaker 2: But when you're in the game, when you have a
58:30
Speaker 2: leg in the game, it's a little bit different. Shout
58:33
Speaker 2: out to you, appreciate you, bro Shout out to Angie said,
58:39
Speaker 2: I should read the disclaimer in the market. Money is disclaiming.
58:43
Speaker 2: Trading has considerable risk. Let's see who we got. Andrea,
58:48
Speaker 2: were coming to you. We're coming to you, Andrea. I'm
58:51
Speaker 2: meeting you. Unmute yourself. How are you doing? Good? Even happy?
58:54
Speaker 2: Made twenty fifth? What's the deal? We have another fish bread? Now?
59:02
Speaker 2: Andrew gonna do that to us? She got nervous. All right,
59:13
Speaker 2: we're gonna go to I think this is a milli
59:19
Speaker 2: a million. I'm coming to you. I'm yourself, ya, I'm you.
59:22
Speaker 2: If I said it wrong, I apologize in advance. Did
59:24
Speaker 2: I say it wrong?
59:25
Speaker 10: Now you got it?
59:26
Speaker 9: A million?
59:26
Speaker 5: A million, A million, a million.
59:28
Speaker 2: A perfect person. Going on?
59:30
Speaker 9: What's going on with Pisces? Ah?
59:33
Speaker 2: What day? What day? Man? February twenty fifth? Okay, February Pisces.
59:39
Speaker 10: I'm right there by, y'all.
59:42
Speaker 2: What's the deal, Professor Souci?
59:44
Speaker 3: What's going on?
59:46
Speaker 5: How you?
59:47
Speaker 2: Oh?
59:47
Speaker 3: Good? God, you forgot to.
59:49
Speaker 9: Tell him about the nine and the v walk.
59:51
Speaker 10: Come on, yeah, professional trading, that's professional trading.
59:56
Speaker 3: Yeah it is, but they get that, you know, insidy
59:59
Speaker 3: well university right crossover.
1:00:08
Speaker 11: True.
1:00:09
Speaker 10: So all right, I got a question because I understand
1:00:12
Speaker 10: how important this is right now.
1:00:14
Speaker 2: I do understand the importance of it. The thing is, my.
1:00:18
Speaker 10: Funds are not right there right now where I could
1:00:21
Speaker 10: do like a big like load of boat. So I'm
1:00:23
Speaker 10: coming up with a creative plan and I want to
1:00:26
Speaker 10: know what you think about it, and would you recommend it?
1:00:29
Speaker 3: Is, should I take a loan.
1:00:31
Speaker 10: Out to actually invest, even though I know interest rates
1:00:36
Speaker 10: are high? I don't know how you feel about that, like, well,
1:00:40
Speaker 10: we'll feedbacks.
1:00:42
Speaker 4: I definitely would not suggest taking a loan to invest.
1:00:46
Speaker 4: You always want to invest, especially trading money. You know,
1:00:50
Speaker 4: investing has considerable risk. All investments run the risk of
1:00:54
Speaker 4: you know, losing ainythinking happen. So yeah, you can potentially
1:01:00
Speaker 4: use leverage, and you know, debt is leverage, but I just,
1:01:04
Speaker 4: you know, think that that probably might not be the
1:01:07
Speaker 4: most responsible way to go.
1:01:11
Speaker 5: So that's that's just my opinion.
1:01:14
Speaker 2: I listened to my financial advisor when she was like
1:01:17
Speaker 2: that come up. I'm lucky that you're sitting to the
1:01:19
Speaker 2: left for me. I'm very fortunate man. So yeah, I
1:01:24
Speaker 2: would not I would not suggest.
1:01:26
Speaker 3: That, all right, So I figured out another way.
1:01:30
Speaker 9: No, I'm not huh.
1:01:34
Speaker 4: Also, I'll say this, A lot of times people feel like, yo,
1:01:37
Speaker 4: this is they There's always going to be opportunities. There's
1:01:40
Speaker 4: always going to be bear markets. It might have to
1:01:43
Speaker 4: it might not be next year, but there's always gonna
1:01:46
Speaker 4: be opportunities. So even if you're not in a position
1:01:48
Speaker 4: to really really go extremely hard like you want this time,
1:01:51
Speaker 4: you know, you get a knowledge, you get the information,
1:01:54
Speaker 4: and then you get the resources, and then the next
1:01:57
Speaker 4: time around you're better prepared. So I know that's something
1:02:00
Speaker 4: it's like fomo, right, fire of missing out when people
1:02:03
Speaker 4: feel like this is this is the opportunity, this is
1:02:05
Speaker 4: this is it, this is it.
1:02:06
Speaker 5: But there's always going to be opportunities. It's not going
1:02:09
Speaker 5: to be the last opportunity.
1:02:10
Speaker 4: So yeah, I would say focus more on, you know,
1:02:14
Speaker 4: if you want to start a business or get a
1:02:15
Speaker 4: side hustle, or just find ways to just generate more income.
1:02:20
Speaker 4: That way, when the next opportunity comes, you'll have you'll
1:02:23
Speaker 4: have more disposable money that you can put at it.
1:02:26
Speaker 2: Okay, I take that, take this, Yeah, I appreciate you.
1:02:33
Speaker 2: All right, love bro. All right, seeing we are coming
1:02:36
Speaker 2: to you, I mute yourself. You have been immuted city.
1:02:39
Speaker 2: What's going on? Yes?
1:02:40
Speaker 12: Hi, I have a quick question. So I was day
1:02:43
Speaker 12: trading and also doing a little scalping, but I got
1:02:46
Speaker 12: discouraged because I lost like ten thousand dollars, so my
1:02:49
Speaker 12: account went down. But I think my problem was I
1:02:52
Speaker 12: was actually using the Think or Swim platform. But I
1:02:57
Speaker 12: know that some people use active Traders, So I was
1:03:00
Speaker 12: gonna ask Chris, what do you use when you're scalping?
1:03:02
Speaker 5: Yeah?
1:03:03
Speaker 3: So actually, yeah, active trader is actually pretty good on
1:03:05
Speaker 3: on on think or Swim. Uh, the fills are okay
1:03:09
Speaker 3: when it comes to Think or Swim, they've been buggy
1:03:11
Speaker 3: the last two years.
1:03:13
Speaker 6: Uh.
1:03:13
Speaker 3: If you're using an active trader and you set it up,
1:03:15
Speaker 3: actually I'll put a link in the chat so you
1:03:17
Speaker 3: can actually have it with with active trader, you should
1:03:20
Speaker 3: be in and out in less than two seconds.
1:03:22
Speaker 9: Now.
1:03:22
Speaker 12: So what else is there out there apart from active Traders?
1:03:25
Speaker 12: Is there something else?
1:03:26
Speaker 3: Yeah? Yeah, there is if you want to take it
1:03:28
Speaker 3: up a Notch. You could definitely create an account with
1:03:30
Speaker 3: Interactive Brokers. Interactive Brokers is a very professional platform. That's
1:03:34
Speaker 3: where all the big scalpers definitely go in and they
1:03:37
Speaker 3: trade at And on top of that, I would highly
1:03:40
Speaker 3: recommend the stream deck. So stream deck is another device
1:03:43
Speaker 3: that you attached to your PC via USB and that
1:03:47
Speaker 3: one with one button, you're instantly out. And in my opinion,
1:03:51
Speaker 3: Interactive Brokers they have the best fills out of all
1:03:54
Speaker 3: the platforms.
1:03:55
Speaker 12: How do I guess on the stream deck?
1:03:57
Speaker 2: What is so? Yep?
1:03:59
Speaker 3: So the stream deck is on Amazon. You want to
1:04:01
Speaker 3: get the Elgado stream Deck?
1:04:05
Speaker 12: Got it?
1:04:05
Speaker 9: Yep?
1:04:06
Speaker 12: And is that different from the Interactive Brokers.
1:04:08
Speaker 3: So that one actually integrates with Interactive Brokers because you
1:04:12
Speaker 3: can actually set up hockeys with stream Deck and Interactive
1:04:15
Speaker 3: Brokers where you buy something, you know, let's say you
1:04:17
Speaker 3: buy ten contracts, you sell ten contracts and your in
1:04:20
Speaker 3: and out in less than a second.
1:04:22
Speaker 12: Okay, thank you yep.
1:04:24
Speaker 3: And just to add some more confidence of why Interactive
1:04:26
Speaker 3: Brokers is better than TD is because they actually work
1:04:29
Speaker 3: with more exchanges than what TD Emergency works with. So
1:04:32
Speaker 3: I definitely recommend them if you really want to become professional,
1:04:35
Speaker 3: and especially as a as a scalper, every second counts, right,
1:04:39
Speaker 3: so every bit of money definitely counts, And that's the
1:04:41
Speaker 3: one that I definitely recommend Chris.
1:04:43
Speaker 2: Real quick for the people that are listening, especially on
1:04:44
Speaker 2: a tube. I know some of the EYL University earners,
1:04:47
Speaker 2: they're familiar with the terms. But can you just tell
1:04:49
Speaker 2: the difference between a scalper, day trader and a swing trader.
1:04:52
Speaker 3: Yep, So a scalper somebody that's in a trade for
1:04:55
Speaker 3: less than eight minutes. Me I go in heavy ten
1:04:58
Speaker 3: twenty forty k into a train and I'm out in
1:05:01
Speaker 3: less than five minutes. A day trader is somebody who
1:05:04
Speaker 3: opens up a position, let's say at ten o'clock, and
1:05:07
Speaker 3: they may close that position at two pm. So a
1:05:10
Speaker 3: day trader they open and close a position within the
1:05:14
Speaker 3: same day. A swing trader is somebody that holds a
1:05:18
Speaker 3: position overnight. Maybe overnight or if not a couple of weeks,
1:05:21
Speaker 3: or if not a couple months, or if not a
1:05:22
Speaker 3: couple of years. That's a difference between the three different
1:05:25
Speaker 3: type of traders.
1:05:25
Speaker 2: Perfect, perfect, Javonte. We are coming to you. Mute yourself.
1:05:29
Speaker 2: You have been unmuted. You're talking is permitted. What's going on, Javonte?
1:05:37
Speaker 2: How you doing that?
1:05:40
Speaker 5: What's up? What's up?
1:05:41
Speaker 2: What's going on? Man? Mister?
1:05:46
Speaker 3: My question is to you, Troy. You shout it out
1:05:48
Speaker 3: your portfolio on market Monday or something. I can't remember
1:05:54
Speaker 3: what week it was, but on healthcare stocks, are you
1:05:58
Speaker 3: looking at healthcare?
1:06:00
Speaker 9: Yeah?
1:06:01
Speaker 2: The only the only stock that I had, and I
1:06:04
Speaker 2: guess within the healthcare industry was Striker, just because I've
1:06:08
Speaker 2: had personal conversations with Ian about Striker, so I haven't
1:06:13
Speaker 2: I have it on my watch list to invest in.
1:06:15
Speaker 2: I just want to pick the right point. That's the
1:06:17
Speaker 2: only one that I'm looking at right now. Okay, okay, okay,
1:06:21
Speaker 2: we're on the same type of vibe. Good Man, good Man,
1:06:27
Speaker 2: I have a good night. Man. I appreciate you.
1:06:30
Speaker 3: Just one comment there. When it comes to if you
1:06:32
Speaker 3: want to look into new stocks that are going to
1:06:34
Speaker 3: be primed for the next five ten years, highly recommend
1:06:36
Speaker 3: to look at software. Cybersecurity is definitely hot, and cybersecurity
1:06:41
Speaker 3: more than ever is important right now. So Palo Alto
1:06:44
Speaker 3: CrowdStrike is definitely hot right now. So I'll also look
1:06:47
Speaker 3: at companies that shut you know that definitely do AI
1:06:49
Speaker 3: as well.
1:06:50
Speaker 2: So, Chris, I was I thought you was gonna give
1:06:52
Speaker 2: them the top three. We actually spoke about my top three,
1:06:54
Speaker 2: I think maybe two weeks ago. So Alto was definitely
1:06:57
Speaker 2: one of them, CrowdStrike was the other, and z Scaler
1:06:59
Speaker 2: was my yep, yep, yep, you agree, yep, yeah, yeah,
1:07:03
Speaker 2: yeah for sure. All right, Well, we are coming to you.
1:07:06
Speaker 2: Hold on, he can't well, they said you gotta update
1:07:11
Speaker 2: your zoom. I'm sorry. My brother Zoom has told me
1:07:14
Speaker 2: you gotta get an updated version from my apologies. Well,
1:07:17
Speaker 2: a mayor, we are coming to you on mute yourself.
1:07:20
Speaker 2: You've been unmuted. What's going on?
1:07:23
Speaker 3: Yeah, hello, we hear you. What up though?
1:07:29
Speaker 5: Detroit?
1:07:30
Speaker 2: What up?
1:07:31
Speaker 3: Detroit? Yeah, Detroit, Detroit?
1:07:34
Speaker 2: You know you know. Also, I got a.
1:07:38
Speaker 13: Quick question, So, Troy, I believe it was last this Monday,
1:07:42
Speaker 13: past Monday, you were talking about going to Yahoo Finance.
1:07:45
Speaker 2: And looking at the statistics.
1:07:47
Speaker 13: Yo, the one stock in my porfolio that's bled down
1:07:50
Speaker 13: the most is a Square. And as I'm looking at
1:07:53
Speaker 13: their statistics, their revenue is down.
1:07:58
Speaker 2: Well, let me I read it right now.
1:08:00
Speaker 13: Yeah, it says, yeah, They're quarterly revenue is at negative
1:08:05
Speaker 13: twenty one. The mark profitability margin is at negative point
1:08:09
Speaker 13: forty six and I forgot and their net income is
1:08:14
Speaker 13: negative seventy six point ninety two million. And this is
1:08:17
Speaker 13: the one that's bled down the most and profolio at
1:08:20
Speaker 13: all the stocks I have. Is it a time for
1:08:22
Speaker 13: me to, you know, just cut the loss that I've
1:08:25
Speaker 13: let it go down.
1:08:25
Speaker 3: Like sixty percent? Or should I still hold it for
1:08:28
Speaker 3: the long term?
1:08:30
Speaker 2: You have stopped in it?
1:08:32
Speaker 5: Yeah?
1:08:32
Speaker 2: Start Yeah, Like we've said this before. I think we
1:08:36
Speaker 2: covered this last week as far as Square the whole
1:08:38
Speaker 2: industry right that the whole industry has taken a hit
1:08:42
Speaker 2: when we talk about fintech. Do I believe in Square still? Yeah?
1:08:46
Speaker 2: Do I like it at the price? I mean almost
1:08:49
Speaker 2: we have lost no choice at this point to like
1:08:50
Speaker 2: it at the price that is sat. Do we believe
1:08:52
Speaker 2: it in long term? I do? I still like it
1:08:57
Speaker 2: from payment processing. I think they have viability to be
1:09:02
Speaker 2: around for a while as one of the top two
1:09:04
Speaker 2: in that space. But yeah, we've taken a hit, So
1:09:08
Speaker 2: I'm holding on. I'm with you on that. I've lost
1:09:10
Speaker 2: money on that. I've averaged down probably more than twice already,
1:09:16
Speaker 2: so I'm not willing to do anything more than that.
1:09:18
Speaker 2: But you know, I'm holding on.
1:09:21
Speaker 13: Yeah, I think my average pricingding right now is like
1:09:24
Speaker 13: one eighty I believe you know when it was up
1:09:27
Speaker 13: in the two seventies, I was, but now it's like hey.
1:09:31
Speaker 2: Yeah, yeah, square is one of those yeah square.
1:09:36
Speaker 5: Square.
1:09:39
Speaker 2: So I'm with you, bro, I'm with you on this.
1:09:41
Speaker 2: But yeah, you know, my mom, if you watch market Monday,
1:09:44
Speaker 2: is it Obviously if you've been at y L University,
1:09:46
Speaker 2: you know the market pays those of a patient. And
1:09:48
Speaker 2: so I'm gonna I'm gonna be patient. I'm gonna lean
1:09:51
Speaker 2: on the side of patients, all right. Appreciate man.
1:09:57
Speaker 13: I'm gonna tell I'm gonna try to hold on a
1:09:59
Speaker 13: bit longer than man.
1:10:01
Speaker 2: When we when we, when we, when we pull up
1:10:03
Speaker 2: on the trail, you got to pull up on me, man. Yeah,
1:10:07
Speaker 2: we'll have a drink together and talk about how far
1:10:08
Speaker 2: we come. Appreciate you, broh Jay j Moe. We're coming
1:10:16
Speaker 2: to you. I'm mute yourself. You've been unmuted. What's going on? Peace? Peace? Family?
1:10:20
Speaker 2: What's going on? Everything?
1:10:22
Speaker 10: Good?
1:10:22
Speaker 2: How are you? I'm good man.
1:10:25
Speaker 11: I have a question for all of the newbies, that is,
1:10:30
Speaker 11: you know, trying to do the options trading. I've been
1:10:34
Speaker 11: you know, looking at this for a while. When you
1:10:37
Speaker 11: talk about getting into the strike price when and taking
1:10:41
Speaker 11: profits and stuff like that, how do you actually get
1:10:44
Speaker 11: out of the trade?
1:10:47
Speaker 2: Does that make sense? Out?
1:10:49
Speaker 9: Like?
1:10:49
Speaker 5: How do you sell? Yeah?
1:10:51
Speaker 11: Like like I guess, you know, say if the if
1:10:54
Speaker 11: I get in at strike and I guess it and
1:11:01
Speaker 11: it looks like it's going to close because of course
1:11:03
Speaker 11: if you get the options contracts out three weeks, uh
1:11:09
Speaker 11: out right? And then how because I'm trying to understand
1:11:13
Speaker 11: how it works to where of course you're working against
1:11:16
Speaker 11: the data, you're working against the time, but you're also
1:11:19
Speaker 11: trying to uh.
1:11:22
Speaker 2: With the stock price goal try to stay the same.
1:11:28
Speaker 2: So are you going to make it? Are you making
1:11:29
Speaker 2: a call or a put? Either one? So how do
1:11:33
Speaker 2: you got Well? I mean, when you want to get out,
1:11:36
Speaker 2: you're going to go to the actual option contract that
1:11:40
Speaker 2: you have. They're going to ask you if you you
1:11:43
Speaker 2: can choose the option you can sell and they'll tell
1:11:45
Speaker 2: you to ask you how much and it will ask
1:11:47
Speaker 2: you like sell the clothes, sell the open I would
1:11:49
Speaker 2: obviously put sell the clothes and pretty and you just
1:11:51
Speaker 2: click that button. If you're in profit you click the
1:11:53
Speaker 2: button and it should happen instantaneously. The only time it
1:11:59
Speaker 2: doesn't is like when we see things like how the
1:12:01
Speaker 2: game stop situation. And that's some people need to understand.
1:12:03
Speaker 2: When you're buying option contracts, when you're buying them, right,
1:12:07
Speaker 2: you're buying them from someone right, and when you're selling them, somebody,
1:12:11
Speaker 2: the brokerage has to buy it, and so it has
1:12:12
Speaker 2: to make sense. And so like when we saw a
1:12:15
Speaker 2: GameStop when people are up thirty forty thousand dollars and
1:12:17
Speaker 2: they couldn't sell it, it's because the brokerage could not
1:12:20
Speaker 2: fulfill that many contracts being sold for that amount. And
1:12:24
Speaker 2: so yeah, I mean it's it's pretty like like a
1:12:27
Speaker 2: one to two step sell the clothes, click it, make
1:12:30
Speaker 2: sure that you put it at the market, because when
1:12:33
Speaker 2: you're selling, you want to have it at the market.
1:12:34
Speaker 2: When you're buying, always suggests people put the limit and
1:12:37
Speaker 2: tell that's the price you want to buy it, buy it.
1:12:39
Speaker 11: But yeah, yeah, okay, okay, Because I was like, because
1:12:44
Speaker 11: I remember like a couple of days ago, I think
1:12:46
Speaker 11: when sea I was talking about how he got.
1:12:50
Speaker 2: Out of his Apple options.
1:12:53
Speaker 11: And I was one I was like, how does he
1:12:55
Speaker 11: know how to do that, you know, like how to
1:12:57
Speaker 11: I guess when the price off to drop, you're able
1:13:00
Speaker 11: to see that it's not going to hit its target,
1:13:03
Speaker 11: but you're already in a certain amount of profit, and
1:13:07
Speaker 11: you could just say, Okay, I'm going to close out
1:13:08
Speaker 11: right here.
1:13:09
Speaker 2: Yeah.
1:13:09
Speaker 4: I mean, it's whatever your risk tolerance is. And it's
1:13:12
Speaker 4: like there's really no set like rule of like this
1:13:15
Speaker 4: is when you have to sell. It's like, you know,
1:13:18
Speaker 4: just the reason why I sold a lot of my
1:13:20
Speaker 4: options about a month and a half ago is just
1:13:23
Speaker 4: I just had a strong feeling that, you know, we
1:13:26
Speaker 4: were headed in a downward cycle and I didn't want
1:13:29
Speaker 4: to lose money. I mean, I was up, I had
1:13:33
Speaker 4: already lost some money from what I was up previously,
1:13:36
Speaker 4: and I just made a calculated decision that I felt
1:13:39
Speaker 4: the market was headed south. And luckily I did do
1:13:44
Speaker 4: that because it saved me a lot of money. Yeah,
1:13:47
Speaker 4: but you know, it's one of these things where it's like,
1:13:49
Speaker 4: you know, you could be up twenty percent, you could
1:13:50
Speaker 4: be up fifty percent, you could be up one hundred percent.
1:13:53
Speaker 4: So it really just depends on what you feel comfortable
1:13:56
Speaker 4: walking away with. As Chris said, you can never lose
1:13:59
Speaker 4: by taking profit, and you can't be greedy. Sometimes we
1:14:03
Speaker 4: get greedy and we're up like thirty percent. We're like,
1:14:05
Speaker 4: all right, if I let it ride, I can be
1:14:06
Speaker 4: up one hundred percent. Then you go up one hundred
1:14:08
Speaker 4: percent like a r. If I let it ride, I
1:14:09
Speaker 4: can go up a thousand percent. But yeah, you can
1:14:12
Speaker 4: lose money very quickly in option. So you could be
1:14:14
Speaker 4: up eighty percent one day and then a week later
1:14:17
Speaker 4: you down twenty percent.
1:14:18
Speaker 11: So you know that's more so what I was looking for,
1:14:22
Speaker 11: like that answer. Yeah, okay, I get it now, okay, yeah, yeah, okay,
1:14:27
Speaker 11: I appreciate it. Other question, one more question is what's
1:14:30
Speaker 11: going on with the chips? Y'all your wraps next coming out? Well, flavors,
1:14:37
Speaker 11: we're getting flavors chips.
1:14:39
Speaker 2: Yeah, I'm looking at the raps next right now.
1:14:42
Speaker 5: It was good.
1:14:44
Speaker 2: Yeah. Yeah, we're talking to some people, some very important people.
1:14:48
Speaker 2: So hopefully those are hit the streets and then we'll
1:14:49
Speaker 2: put them inside out of in the machines as well.
1:14:51
Speaker 5: So very important.
1:14:53
Speaker 2: Then it's on top of business. Appreciate you, very important,
1:14:56
Speaker 2: No problem. Thanks. More questions, Yeah, I think somebody in
1:14:59
Speaker 2: the chair asks why do I put the limit when
1:15:02
Speaker 2: I'm buying, and we kind of explained it like this.
1:15:04
Speaker 2: If you think of options as a car dealership, right,
1:15:07
Speaker 2: the ask price is what the sticker price is on
1:15:10
Speaker 2: the car. When you go into the dealership. You don't
1:15:12
Speaker 2: want to pay the sticker price. You want to pay
1:15:13
Speaker 2: the price that you've walked in saying like this is
1:15:15
Speaker 2: how much I'm going to pay for this car. And
1:15:17
Speaker 2: so that's what the limit price is. You set the
1:15:19
Speaker 2: limit at what you're willing to pay for this option contract.
1:15:23
Speaker 2: And so sometimes it feels but you got to be patient.
1:15:25
Speaker 2: Sometimes it doesn't. But you got to be patient enough
1:15:27
Speaker 2: to say, you know what, this is my plan. This
1:15:30
Speaker 2: is my number. I'm not budging off this number. So
1:15:33
Speaker 2: keep those things in mind. And then when you're selling it,
1:15:35
Speaker 2: obviously you want to put the market price. It's going
1:15:37
Speaker 2: to be the highest price available.
1:15:39
Speaker 5: Yeah, taking a profit is better and taking a loss.
1:15:43
Speaker 2: I've seen it happen. I've been up one hundred and
1:15:47
Speaker 2: down ninety seven. It happens. Taking a profit is better
1:15:50
Speaker 2: than We don't all win every trade. All right, let's
1:15:54
Speaker 2: go to Kevin. Kevin. We come to you, Kevin Henry,
1:15:59
Speaker 2: what's going on. I'm mute yourself. You've been unmuted. There
1:16:03
Speaker 2: are no fridge breaks. Y'all know the rules and I
1:16:05
Speaker 2: haven't said guidelines, but gotlines. How y'all doing everybody good?
1:16:10
Speaker 2: How you doing my first time? You know, tappaningine.
1:16:14
Speaker 13: But I had a cursion for Chris about the strange
1:16:17
Speaker 13: day I would want to do it matter about the buttons.
1:16:20
Speaker 13: I seen one for six buttons, sixteen button, twenty one button.
1:16:25
Speaker 3: I think with six buns should definitely be okay. At
1:16:27
Speaker 3: the end of the day, it's all about your how
1:16:29
Speaker 3: much like how many contracts you actually buy? So me,
1:16:31
Speaker 3: I buy ten to fifty contracts at a time, so
1:16:34
Speaker 3: I set it based off those parameters. If you don't
1:16:37
Speaker 3: trade heavy like that, and you don't have like a
1:16:42
Speaker 3: very you know, entry and excess strategy, then I would
1:16:44
Speaker 3: say just get the six button. That should definitely suffice
1:16:48
Speaker 3: you're trading all right? Thank you, thank you anything.
1:16:51
Speaker 2: Where where you're from, man, I'm from mim I'm from Hannesbury, Mississippi.
1:16:55
Speaker 2: But I'm living in mything right now. I love that
1:17:00
Speaker 2: outside New all hundred mile outside you have it deep
1:17:04
Speaker 2: in the South.
1:17:05
Speaker 3: Yeah, appreciate it. Man.
1:17:09
Speaker 2: Hey, I'm gonna see y'all that events this year too.
1:17:12
Speaker 2: I'm told my wife I'm coming all were going up.
1:17:14
Speaker 2: I'm looking, cav I'm looking for you. We're going way up. Man,
1:17:17
Speaker 2: I'm gonna make sure you found you see me too,
1:17:20
Speaker 2: were going way up. I can oh, don't don't please,
1:17:25
Speaker 2: don't appreciate you. Thank you.
1:17:28
Speaker 4: Appreciate it. Brother, that's fast. Get your tickets. It's gonna
1:17:31
Speaker 4: be a move v V. I'm telling you right now,
1:17:36
Speaker 4: movie and a half.
1:17:39
Speaker 2: How we feeling? We feeling good? Christy feeling got over there,
1:17:42
Speaker 2: feeling great. Let's get it all right. Let's go to Janelle. Jane.
1:17:45
Speaker 2: We are coming to you? Or is it Janelle? I
1:17:47
Speaker 2: think so? If I got that wrong, I apologize. You know,
1:17:51
Speaker 2: I'm yourself. You've been unmuted. Would you go? There?
1:17:55
Speaker 11: You go?
1:18:00
Speaker 2: They had it for me, They said, I didn't know
1:18:02
Speaker 2: he's gonna call on me. Hey, can you hear me?
1:18:06
Speaker 9: Oh?
1:18:06
Speaker 2: Joe, what's going on you? Finally? Yeah? What's going on? Joe?
1:18:10
Speaker 5: Not much?
1:18:11
Speaker 14: Actually I didn't know you picked on me, to be honest,
1:18:14
Speaker 14: because I heard a different Joe name.
1:18:15
Speaker 2: But it's all good, Joe, Joe. Ay, what's the deal man?
1:18:20
Speaker 5: Much? Nothing? Much?
1:18:21
Speaker 14: I was actually just I'm Chris, I met you a
1:18:22
Speaker 14: few times.
1:18:23
Speaker 2: I met you in Miami.
1:18:25
Speaker 3: Good to see you.
1:18:25
Speaker 14: I'm glad all was like and good to finally get
1:18:29
Speaker 14: in contact with the main stairs from Eyl troyan rastadt
1:18:34
Speaker 14: so blessings and love to y'all. I'll get right to
1:18:37
Speaker 14: the question though, I just want to know for Chris,
1:18:41
Speaker 14: I know you were like always big on crypto.
1:18:43
Speaker 3: That was some of the advice you provided. You were like, hey,
1:18:45
Speaker 3: you know, cryptos doing his thing.
1:18:47
Speaker 14: But since you know the recent little mishaps, is there
1:18:49
Speaker 14: any like redirection you have towards like your interest, any
1:18:53
Speaker 14: new interest placed on certain cryptos or are you now
1:18:57
Speaker 14: disinterested in certain cryptos things of that nature.
1:18:59
Speaker 3: You definitely want to keep investing in bigcoin. Bitcoin is
1:19:02
Speaker 3: like the head honcho when it comes to cryptos. I'm
1:19:04
Speaker 3: big on Solana. I mean, it's not a secret that
1:19:09
Speaker 3: the banks black rocks these different hetchphones. They are definitely
1:19:12
Speaker 3: buying it up. Algrand is definitely one of my favorites.
1:19:15
Speaker 3: Polka Dot is another one of my favorites, and one
1:19:17
Speaker 3: that people never talk about is chain Link. I'm heavy
1:19:20
Speaker 3: in chain Link is actually adopted by Oracle Oracle is
1:19:24
Speaker 3: a big enterprise out there, and those are the ones
1:19:26
Speaker 3: that I'm definitely investing in and I will definitely continue
1:19:28
Speaker 3: investing in those as well.
1:19:32
Speaker 2: Gotcha, I appreciate that.
1:19:34
Speaker 15: And then just briefly a request for Troy and Rashad
1:19:38
Speaker 15: in the future, can we get a little education like
1:19:40
Speaker 15: regarding like setting aside money towards taxes when you're doing
1:19:44
Speaker 15: a day trade, because day trading as a semi profession,
1:19:47
Speaker 15: because I don't know if I've heard too much information
1:19:50
Speaker 15: about that.
1:19:50
Speaker 2: And I think that's pretty important for us to learn.
1:19:52
Speaker 2: If anything, yeah, we'll do, we'll do. Actually our CPA,
1:19:56
Speaker 2: miss Business shout to his business. She's our CPA. She
1:19:59
Speaker 2: was getting on me about about some of the exercising
1:20:05
Speaker 2: some of the contracts that I had at the end
1:20:06
Speaker 2: of the year. So that's important too. I think people
1:20:09
Speaker 2: need to put that into the investment strategy. Understanding if
1:20:12
Speaker 2: you're going to be a day trader, if you're gonna
1:20:13
Speaker 2: be a swing trader, that every trade that you make,
1:20:16
Speaker 2: if it's in profit, it will be taxed. That it's
1:20:18
Speaker 2: going to be short term capital games taxed. So make
1:20:21
Speaker 2: sure that you put that into your plans. If you're
1:20:24
Speaker 2: going to be taking that method of trading.
1:20:27
Speaker 5: Yeah.
1:20:27
Speaker 2: Also, also speaking of crypto, there was a I don't
1:20:31
Speaker 2: know everybody saw it, but you know it was in
1:20:33
Speaker 2: business inside earlier JP Morgan. It has backbitcoin to rise
1:20:37
Speaker 2: twenty eight percent and says that cryptocurrencies are now it's
1:20:41
Speaker 2: preferred alternative asset.
1:20:44
Speaker 4: Might have things changed, says a lot about the times
1:20:49
Speaker 4: that were, but yeah, I mean cryptocurrency is something that
1:20:54
Speaker 4: you know, a lot of people are new to crypto,
1:20:57
Speaker 4: but this is pretty common these markets and crypto. It's
1:21:01
Speaker 4: a lot more volatile than the stock market, and it's
1:21:04
Speaker 4: actually less volatile than the last time. When I first
1:21:07
Speaker 4: got in crypto, bitcoin had reached twenty thousand and then
1:21:12
Speaker 4: it dropped down to three as low as three thousand,
1:21:15
Speaker 4: So you know, the drop this time is bad, but
1:21:19
Speaker 4: it's nowhere near as bad as the drop last time.
1:21:22
Speaker 4: So if you in cryptocurrency, just understand that it's a
1:21:25
Speaker 4: long term play. Of course, you want to invest in
1:21:28
Speaker 4: the top cryptocurrencies, but you got to have the stomach
1:21:32
Speaker 4: for it, and you always want to buy low and
1:21:36
Speaker 4: sell high. So this is actually probably a buying opportunity
1:21:40
Speaker 4: when crypto currencies drop. Yeah, not all not all cryptos,
1:21:44
Speaker 4: because some cryptos is just not worth anything, but the
1:21:47
Speaker 4: strong ones. This might be an opportunity where you can
1:21:50
Speaker 4: actually you know, invest and then ride the next wave,
1:21:53
Speaker 4: because there will be a next wave, you know. Like
1:21:56
Speaker 4: I said, Bitcoin just got backed by JP Morgan Chase.
1:21:59
Speaker 5: So what does that tell you?
1:22:01
Speaker 3: Yeah, and just one one more thing. One thing that
1:22:03
Speaker 3: Sigmon just mentioned in the chat is that it's all
1:22:05
Speaker 3: about the use case. What's the use case behind that token?
1:22:09
Speaker 3: If it doesn't have a use case, you shouldn't be
1:22:11
Speaker 3: investing in it. The white papers is where the gold
1:22:14
Speaker 3: is at. You should definitely read the white paper, you know,
1:22:17
Speaker 3: before you actually invest into any crypto coin. So get
1:22:20
Speaker 3: the use case, understand it. How can businesses and enterprises
1:22:24
Speaker 3: actually adopted and of course you know, read the white
1:22:27
Speaker 3: papers and invest in it, right, Actually, you know, go
1:22:30
Speaker 3: to the conferences, you know, go to the webinars that
1:22:32
Speaker 3: they definitely hold, just to better understand exactly how that
1:22:35
Speaker 3: token will be used across the blockchain as well.
1:22:41
Speaker 5: All right, let's get one more question if we can
1:22:43
Speaker 5: before we are Oh so.
1:22:44
Speaker 2: People just ask the white so Joe said, the white paper.
1:22:46
Speaker 2: So the white papers, like even if you go to
1:22:48
Speaker 2: like Yahoo Finance, any brokers that that has stocks on it,
1:22:53
Speaker 2: it'll tell you about the information about the company. And
1:22:55
Speaker 2: so the white paper in the crypto space is the
1:22:58
Speaker 2: information about the company. So we're talking use case, that's
1:23:01
Speaker 2: where you're gonna find it. When you talk about its
1:23:03
Speaker 2: inception and the founders, that's where you find it. It's
1:23:05
Speaker 2: inside the white papers. And so, like I remember on
1:23:07
Speaker 2: crypto pro, which is an app that you can use
1:23:10
Speaker 2: to track cryptocurrencies. If you when you click on information,
1:23:14
Speaker 2: it'll take you through obviously the name, how many coins
1:23:17
Speaker 2: circulate and supply, and will say white papers. So if
1:23:19
Speaker 2: you click on that, it'll give you all the information
1:23:22
Speaker 2: about the coins, a lot of them. If you don't
1:23:25
Speaker 2: understand it, you shouldn't invest, right. If you don't understand it,
1:23:28
Speaker 2: If the use case doesn't make sense, I don't care.
1:23:30
Speaker 2: If somebody's like, oh this is the next thing, this
1:23:32
Speaker 2: is the next doge, you shouldn't invest. Make sure that
1:23:34
Speaker 2: you understand the use case, make sure you understand the
1:23:36
Speaker 2: functionality before you do. Those are the white papers.
1:23:39
Speaker 4: Never invest anything that you don't understand, and never invest
1:23:42
Speaker 4: money that you can't afford to lose, and never invest
1:23:45
Speaker 4: money that you need. Don't invest your rent money, don't
1:23:49
Speaker 4: invest your mortgage money, don't invest you know, your kids,
1:23:52
Speaker 4: lifelong savings and crypto.
1:23:56
Speaker 5: Be be smart, Be smart, please, Nancy, what's going on?
1:24:01
Speaker 2: You already immuted yourself? How you doing? Hey guys, I'm
1:24:04
Speaker 2: doing all right.
1:24:04
Speaker 5: How are you sound?
1:24:06
Speaker 2: Great?
1:24:06
Speaker 5: Good?
1:24:07
Speaker 3: Thank you? So my quick I have a quick question.
1:24:11
Speaker 2: I think it's a quick question for Chris.
1:24:14
Speaker 7: So going back to SPY and you're saying major support
1:24:19
Speaker 7: is three eighty seven now and actually executing the put
1:24:25
Speaker 7: for in the options, there's always like a list of
1:24:29
Speaker 7: different strikes right prices, so you have so I'm looking
1:24:34
Speaker 7: at one now for thirty for June twenty fourth. I
1:24:38
Speaker 7: know the market is closed, but I'm just using this
1:24:40
Speaker 7: for like a live example. So for end the money,
1:24:43
Speaker 7: the price ranges from three ninety eight to four to
1:24:46
Speaker 7: three going.
1:24:47
Speaker 3: Out even further.
1:24:49
Speaker 7: How do you pick your right the right strike price
1:24:54
Speaker 7: if Spy were to hit that three eighty seven level.
1:24:59
Speaker 3: Well every day, like let's let's you know, actually, let's
1:25:02
Speaker 3: do a quick exercise. What's the current price right now
1:25:04
Speaker 3: for SPY.
1:25:07
Speaker 2: Eight?
1:25:08
Speaker 3: Okay, so if you were to go for a three
1:25:09
Speaker 3: ninety eight putt, is that in the money or at
1:25:14
Speaker 3: the money?
1:25:16
Speaker 14: In the money?
1:25:17
Speaker 3: Okay?
1:25:17
Speaker 7: Why it's because that's not the exact price.
1:25:22
Speaker 9: Of the.
1:25:26
Speaker 3: Stock. You got it, right, because it already surpassed that
1:25:29
Speaker 3: going down. Right, If you go for a let's say
1:25:31
Speaker 3: you go for a three ninety five put, is that
1:25:34
Speaker 3: out the money or at the money? That would be
1:25:37
Speaker 3: out the money, right, So it really depends, right. What
1:25:41
Speaker 3: I would say is that before you get into that trade,
1:25:43
Speaker 3: you'll probably wait for it to break down. Once it
1:25:46
Speaker 3: breaks down and it actually holds below that three eighty
1:25:50
Speaker 3: seven number, that's when I will say, go ahead and
1:25:53
Speaker 3: go for that put. Right, And of course you could
1:25:56
Speaker 3: definitely swing it, But what I would do is that
1:25:59
Speaker 3: I'll probably go two weeks out and if you're up
1:26:02
Speaker 3: forty to fifty, take the profit. Why because the market
1:26:05
Speaker 3: right now we're down one day, up another one. We
1:26:09
Speaker 3: are in the middle of a war in Ukraine and Russians,
1:26:11
Speaker 3: so there's definitely lots of catalysts that are definitely impacting
1:26:15
Speaker 3: the won the levels and also the different prices. But
1:26:19
Speaker 3: what I will say is, first weight for that three
1:26:20
Speaker 3: eighty seven to be broken. If spy goes about four hundred,
1:26:24
Speaker 3: you best believe that we'll get back to the fro
1:26:26
Speaker 3: fives and then back to the four tenths.
1:26:29
Speaker 2: Okay, shout out to Nancy, Nancy Child out to you
1:26:33
Speaker 2: for getting one hundred percent on that quizards now, Yeah,
1:26:37
Speaker 2: thank you, We appreciate you. Shit.
1:26:41
Speaker 5: Oh good, So let's do this. Let's do this. First
1:26:46
Speaker 5: of all, shout out to everybody that watched this.
1:26:51
Speaker 4: And like I said, this was a lot of information,
1:26:53
Speaker 4: almost two hours of information, So even if you didn't
1:26:56
Speaker 4: fully understand everything, this should be used as a resource
1:26:58
Speaker 4: that you can actually go back to stop, take notes
1:27:01
Speaker 4: things of that nature. We want to thank Chris for
1:27:04
Speaker 4: his time. We're gonna give him a minute to talk
1:27:06
Speaker 4: as well, but definitely want to acknowledge him and thank
1:27:10
Speaker 4: him for his time taking time out of his day
1:27:13
Speaker 4: on this Wednesday evening to educate the masses. And this
1:27:18
Speaker 4: is gonna live on YouTube forever, so it'll probably been
1:27:21
Speaker 4: twenty thirty forty thousand people that actually end up seeing
1:27:25
Speaker 4: this video. So I'm sure that this will be a
1:27:27
Speaker 4: resource that a lot of people can learn from for
1:27:30
Speaker 4: a long period of time.
1:27:31
Speaker 5: That's that's the beauty with YouTube. It's archived.
1:27:33
Speaker 4: It'll actually also be on podcasts outlets Audio podcast outlets
1:27:36
Speaker 4: on Friday. So once again this is something that we
1:27:40
Speaker 4: do at eyl University every single week. Chris teaches two
1:27:44
Speaker 4: classes for us and it's in this vein as far
1:27:48
Speaker 4: as you know, to educate, go over charts, answer questions,
1:27:51
Speaker 4: and that's just from the investment side of it. Of course,
1:27:54
Speaker 4: we have the real estate component, we have the financial
1:27:56
Speaker 4: planning component. We kind of you know, built like a
1:27:58
Speaker 4: sh mortgage board of thefferent aspects. And then we also
1:28:02
Speaker 4: have you know, Infinity Groups where people who actually started
1:28:04
Speaker 4: groups on their own inside of the Eyo University. So
1:28:07
Speaker 4: you know, something that we're very very proud of and
1:28:09
Speaker 4: have built the community of thousands of people that you know,
1:28:12
Speaker 4: learn from each other, learn from professors, and actually you know,
1:28:16
Speaker 4: get to have a hands on learning experience. So we
1:28:19
Speaker 4: love to have you guys. If you are not part
1:28:22
Speaker 4: of Eyo University. We run a flash sale fifty percent off.
1:28:24
Speaker 4: I think that's going to run to the end of
1:28:26
Speaker 4: the holiday weekend, so you can click the link join
1:28:30
Speaker 4: and yeah Eyo University dot com and love to see
1:28:34
Speaker 4: you guys. And there's definitely a lot of stuff that
1:28:37
Speaker 4: we will be doing together as far as us and
1:28:39
Speaker 4: Chris stay tuned. You know, he's a fellow New Yorker,
1:28:45
Speaker 4: So that's always that's always a good thing from one
1:28:49
Speaker 4: of our favorite neighborhoods in the city. Yeah, you know,
1:28:56
Speaker 4: I got, I got, we got the Skybox indictment. So
1:28:59
Speaker 4: it's sir, you go to the games, you're a fan,
1:29:02
Speaker 4: of course, bro, of course you gotta let us know
1:29:05
Speaker 4: many box. Yes, yes, you'll see that big Mecedies thing
1:29:11
Speaker 4: pulling up like.
1:29:13
Speaker 3: Yes, yes, yes, definitely.
1:29:16
Speaker 5: But now I so I love man. So yeah, you
1:29:18
Speaker 5: guys joined ey University. Sign up. We love to have
1:29:21
Speaker 5: you as an earner.
1:29:23
Speaker 4: Now, Chris, can you tell them your information with the
1:29:26
Speaker 4: follow you on Instagram things of that nature?
1:29:29
Speaker 3: Yeah, definitely so Chris Romeo, Munos, Cris Romeo and and
1:29:33
Speaker 3: oz On on Instagram. My main account got taken down
1:29:37
Speaker 3: by some hackers from Pakistan, but I'm trying to get
1:29:39
Speaker 3: it back. But that's where you could definitely find me.
1:29:41
Speaker 3: And again yeah I couldn't.
1:29:43
Speaker 5: I couldn't find you. I couldn't find you.
1:29:44
Speaker 3: Yeah, and I just hit thirty K two and it
1:29:47
Speaker 3: got taken down. It's crazy, I'm telling you, it's crazy. Yeah,
1:29:50
Speaker 3: but I definitely want to say thanks to Trent Rashad
1:29:52
Speaker 3: the earners. I love you tons, I love teaching that.
1:29:55
Speaker 3: This is definitely my passion is to bring financial literacy
1:29:58
Speaker 3: back into our community. We definitely need it. I know,
1:30:01
Speaker 3: Washington Heights, Dicument, Harlem, Aara. I definitely tapped in heavy here.
1:30:05
Speaker 3: I do this for y'all, and I definitely want to
1:30:08
Speaker 3: say thank you everybody for the support and again every
1:30:11
Speaker 3: single day, one percent. This is definitely a marathon. This
1:30:14
Speaker 3: wasn't taught to us, so we got to take it
1:30:16
Speaker 3: day by day, learn and grow and definitely stay persistent.
1:30:22
Speaker 5: There you have it, ladies and gentlemen. Education at the
1:30:25
Speaker 5: highest level. Appreciate you. Brother.
1:30:29
Speaker 4: Like Wise, like Ques you guys tap in, stay safe
1:30:32
Speaker 4: out there, enjoy the holiday weekend, take some time to
1:30:37
Speaker 4: educate yourself and.
1:30:39
Speaker 5: Yeah, we'll see you. We'll see you soon.
1:30:42
Speaker 2: Thank you.
1:30:44
Speaker 3: Hello, all right, guys, all right, y'all,