Latest / Earn Your Leisure / Why People Making $500,000 Are Broke!

Transcript

Why People Making $500,000 Are Broke! · Earn Your Leisure

• 0:00
  Speaker 1: The S & P is 19 for 19 after the midterms.
• 0:03
  Speaker 1: It finished higher 12 months following every midterm election. So
• 0:05
  Speaker 1: from 1950 through 2022. So for everyone worrying about this
• 0:11
  Speaker 1: big pullback that's supposed to happen, fake news, it's not
• 0:15
  Speaker 1: here and it's not coming anytime soon.
• 0:18
  Speaker 2: We can have a conversation about valuation.
• 0:20
  Speaker 1: Evaluations are too high if some companies could default on
• 0:23
  Speaker 1: their loans.
• 0:24
  Speaker 2: But as far as the market, the market is going
• 0:26
  Speaker 2: to be fine. Nearly 37%.
• 0:29
  Speaker 1: Of household incomes above $ 500, 000 are living paycheck to paycheck.
• 0:34
  Speaker 2: Yeah. Stupid. Cut back, respectfully, cut back on your spendings. Please.
• 0:39
  Speaker 1: You can't give all your money away to brands and
• 0:43
  Speaker 1: even people who are asking for money at this time,
• 0:45
  Speaker 1: you got to tell them no. And last week, Coca-Cola, Visa,
• 0:48
  Speaker 1: MasterCard hit record highs while chips, stocks were falling apart.
• 0:52
  Speaker 1: I don't believe in diversification, but pick a company or
• 0:55
  Speaker 1: two that you believe in and hold it for the
• 0:57
  Speaker 1: long term.
• 0:59
  Speaker 2: You'll be fine. That was crazy.
• 1:01
  Speaker 3: The two points that you ended with was actually where
• 1:04
  Speaker 3: I was going to start. I think the Coca-Cola thing
• 1:07
  Speaker 3: is really important. It had a great week and it
• 1:09
  Speaker 3: actually took a few of Pepsi's clients.
• 1:12
  Speaker 2: Yes, it did.
• 1:13
  Speaker 3: So we looked at that KFC brand that has predominantly
• 1:15
  Speaker 3: been inside of the Pepsi-Cola family. It has now switched
• 1:18
  Speaker 3: over to Coca-Cola. Will we see more companies in that
• 1:21
  Speaker 3: family leave? That's an interesting one. But I think my
• 1:25
  Speaker 3: investment fact was that the Semiconductor Index was just had
• 1:28
  Speaker 3: its longest losing streak since 2008.
• 1:31
  Speaker 2: So nearly 20 years.
• 1:32
  Speaker 3: And what that means is the SOSX index, that ETF,
• 1:36
  Speaker 3: was down eight trading days in a row. We obviously
• 1:40
  Speaker 3: saw it change around today. But the interesting part, and
• 1:44
  Speaker 3: this is the part where I'm like, listen, guys, trust
• 1:47
  Speaker 3: your fundamentals, trust your research, trust the technicals. On Friday,
• 1:52
  Speaker 3: the SOXL, the leverage ETF, had its largest influx in
• 1:58
  Speaker 3: its history.
• 1:59
  Speaker 2: So as it was having its longest losing.
• 2:01
  Speaker 4: Streak on Friday, $ 3. 6 billion got poured into that ETF,
• 2:05
  Speaker 4: which tells you that somebody, institutions, smart money is saying, okay,
• 2:11
  Speaker 4: this is potentially a floor.
• 2:14
  Speaker 2: Here's where we're going to add some leverage here. So
• 2:15
  Speaker 2: that's interesting. You got to start watching the ebbs and
• 2:17
  Speaker 2: flows of how institutions are moving money. The fact that $ 3.
• 2:20
  Speaker 3: 6 billion got poured in Friday, I guess we didn't
• 2:24
  Speaker 3: know at the time, but the the tail end of
• 2:27
  Speaker 3: a losing streak that we haven't seen in over 18 years,
• 2:29
  Speaker 3: that usually is a sign that was there something fundamental
• 2:32
  Speaker 3: that happened inside the semiconductor story? There was some talk
• 2:35
  Speaker 3: about CoreWeave. We'll get into that. There's some talk about Oracle.
• 2:38
  Speaker 3: We'll get into that. But TSM reported all signs point
• 2:42
  Speaker 3: to the same amount of demand, if not more. ASML
• 2:45
  Speaker 3: reported even more demand. So those key clogs we said
• 2:49
  Speaker 3: were inside of the AI story were going to report
• 2:51
  Speaker 3: last week, and everything looked like it was all steam
• 2:55
  Speaker 3: ahead still.
• 2:56
  Speaker 1: When they have those days like that, when it's like
• 2:57
  Speaker 1: eight days down in a row, 15 days down in
• 3:00
  Speaker 1: a row, the market's down 15%, that's the time to buy.
• 3:03
  Speaker 2: Know your levels in advance.
• 3:05
  Speaker 1: But even for the Black Monday thing that was being
• 3:08
  Speaker 1: pushed this weekend, that was a buy sign to me.
• 3:13
  Speaker 1: Because anytime a big collapse happens, they're not announcing it beforehand.
• 3:19
  Speaker 1: You're going to see all the billionaires and hedge fund
• 3:21
  Speaker 1: managers get quiet like they did in COVID.
• 3:23
  Speaker 2: Don't panic. Hold for the long term. But stop gambling.
• 3:25
  Speaker 5: Yeah.
• 3:26
  Speaker 1: A lot of you are getting smacked because you, and
• 3:29
  Speaker 1: I said this in Stock Club, like a futures only
• 3:31
  Speaker 1: portfolio or options only portfolio is not an investment portfolio.
• 3:35
  Speaker 6: Right.
• 3:35
  Speaker 2: You're gambling.
• 3:36
  Speaker 1: So you might as well go to Prospects or Calchi
• 3:39
  Speaker 1: and play that parlay game.
• 3:41
  Speaker 2: But if you're holding for long term, you have nothing
• 3:43
  Speaker 2: to worry about.
• 3:43
  Speaker 6: I think that that's what people need to understand too
• 3:46
  Speaker 6: is that when you over leverage your portfolio with any
• 3:50
  Speaker 6: type of trades, you're going to start to panic. Because
• 3:55
  Speaker 6: you're going to be losing the large majority of what
• 3:57
  Speaker 6: you have liquid. And no matter how good that you
• 4:01
  Speaker 6: think the trade is, short-term trades, maybe not so much.
• 4:07
  Speaker 6: This is actually the time when maybe day trading is
• 4:10
  Speaker 6: actually more beneficial. Because you can day trade based off
• 4:15
  Speaker 6: of technicals.
• 4:17
  Speaker 2: You can't. If they have discipline, that's the other part.
• 4:19
  Speaker 2: They don't have the discipline.
• 4:21
  Speaker 3: And the volume and volatility that's happening inside right now,
• 4:25
  Speaker 3: it makes the conditions viable for them.
• 4:27
  Speaker 1: You are rotating out of chips. And the chip sector
• 4:30
  Speaker 1: is the only thing that's keeping America out of a recession.
• 4:33
  Speaker 2: Yeah.
• 4:34
  Speaker 5: The world.
• 4:35
  Speaker 2: Now is not the time to go to even oil.
• 4:39
  Speaker 1: The oil trade is too late because the prices are
• 4:42
  Speaker 1: too high in heat and oil and in crude. So
• 4:45
  Speaker 1: have your plan. But yeah, if you can trade well,
• 4:46
  Speaker 1: you can make a lot of money in this market,
• 4:48
  Speaker 1: but most don't have the discipline to do so.
• 4:49
  Speaker 5: But if you swing trading or if you, you know, leap,
• 4:55
  Speaker 5: things can go.
• 4:56
  Speaker 2: All right.
• 4:57
  Speaker 6: That's out of your control. The economy could fall apart.
• 5:00
  Speaker 6: Trump could start a war. Iran could have some missiles
• 5:04
  Speaker 6: headed towards Saudi Arabia, the Houthi rebels, the Ukraine and
• 5:10
  Speaker 6: Vladimir Putin situation. And, in the midterm elections there's a
• 5:14
  Speaker 6: variety of different things that can actually go that you
• 5:18
  Speaker 6: that doesn't mean the company's not a good company yeah
• 5:21
  Speaker 6: but it's things that can actually go wrong in that
• 5:23
  Speaker 6: trade so if you over leverage yourself if you have
• 5:26
  Speaker 6: too much money in just trades then that's not advisable
• 5:31
  Speaker 6: yeah yeah.
• 5:33
  Speaker 3: And i think what you're saying is important Because as
• 5:36
  Speaker 3: you're saying it, those things are actually happening.
• 5:40
  Speaker 2: There is a conflict between UK and Russia.
• 5:42
  Speaker 3: And we saw what happened with diesel and potentially reneging
• 5:47
  Speaker 3: on some obligations in terms of diesel and working with
• 5:50
  Speaker 3: Russia and China going in the future. We see what's
• 5:53
  Speaker 3: happening with Iran and Saudi Arabia. There is a midterm
• 5:57
  Speaker 3: election that is going to come to a conclusion in
• 5:58
  Speaker 3: two weeks. Those things are actually happening. And that fight
• 6:00
  Speaker 3: is getting nasty.
• 6:01
  Speaker 2: And we're down 2%. Well, on Friday, we were down 2%.
• 6:05
  Speaker 3: So you would think with all of that happening, it
• 6:07
  Speaker 3: should have been a greater pullback, which is why I
• 6:09
  Speaker 3: said the most valuable asset, especially if you're in options
• 6:13
  Speaker 3: or if you're in, well, futures.
• 6:15
  Speaker 2: Time.
• 6:15
  Speaker 5: Time.
• 6:16
  Speaker 2: Time.
• 6:17
  Speaker 3: Because what you've done by having the time, and we
• 6:21
  Speaker 3: did some in a class last month where we went
• 6:23
  Speaker 3: out to 2029, is that we've priced in this volatility.
• 6:27
  Speaker 4: Yeah.
• 6:27
  Speaker 5: Right?
• 6:28
  Speaker 3: The data isn't going to be as volatile because we
• 6:31
  Speaker 3: understand that we have 900 days to expirations. So you
• 6:34
  Speaker 3: want to make sure that you put that as a
• 6:37
  Speaker 3: barrier inside of your plan if you're going to do that.
• 6:39
  Speaker 3: But definitely, I think the foundation part is important. That
• 6:42
  Speaker 3: part gets missed.
• 6:42
  Speaker 1: And for all you debt is good people, not working
• 6:45
  Speaker 1: for Corweave and Oracle, Apple has underspent on AI, but
• 6:50
  Speaker 1: with the one thing they did do tremendously well, they
• 6:53
  Speaker 1: managed that money well.
• 6:54
  Speaker 2: Did you get the new phone? Not yet.
• 6:56
  Speaker 1: All right.
• 6:56
  Speaker 2: You got it?
• 6:57
  Speaker 3: I did not do it. I was going to preorder
• 7:00
  Speaker 3: it on Friday. Okay.
• 7:02
  Speaker 2: The duo. Sold out, yeah. And it was sold out.
• 7:04
  Speaker 3: And then my daughter's like, Dad, I don't know.
• 7:07
  Speaker 2: That looks kind of cheesy for you. You should just
• 7:09
  Speaker 2: get a regular phone. Leave that up to the kids.
• 7:11
  Speaker 2: I'm like, damn. You don't really need it.
• 7:16
  Speaker 5: Detroit, Michigan.
• 7:17
  Speaker 6: Salute to Detroit, one of my favorite cities in America.
• 7:19
  Speaker 6: We will be in your area Friday. Friday, we will
• 7:23
  Speaker 6: be in Detroit. We're doing a free event in Detroit.
• 7:26
  Speaker 2: Okay.
• 7:27
  Speaker 6: So, you know, that's always love. Friday, 7 o'clock. Get
• 7:30
  Speaker 6: there early. I tell you that much. Um, and it
• 7:33
  Speaker 6: is a downtown is that the, uh, the one campus
• 7:37
  Speaker 6: that elevate, elevate at one campus. Um, and you can
• 7:41
  Speaker 6: get your tickets at Horatio Williams foundations, Instagram page. So
• 7:46
  Speaker 6: go to Horatio Williams, Instagram page, foundations, Instagram page, get
• 7:51
  Speaker 6: your ticket. It's a free event. It says seven o'clock,
• 7:54
  Speaker 6: but it's first come first serve RSVP. You must RSVP.
• 7:59
  Speaker 6: You must get your ticket today. And I think we're
• 8:01
  Speaker 6: going to be doing some other stuff. Some cool things
• 8:03
  Speaker 6: in Detroit while we out there, too. So, you know,
• 8:06
  Speaker 6: Detroit's always been one of my favorite places.
• 8:08
  Speaker 2: For sure. So much love out there.
• 8:11
  Speaker 5: Man, Ken, what's the deal?
• 8:13
  Speaker 2: Ken, what's up, y'all?
• 8:14
  Speaker 5: Chill.
• 8:14
  Speaker 2: What's going on?
• 8:17
  Speaker 6: Man, we got a Bravo. What's the deal? We got a,
• 8:21
  Speaker 6: you know, what's going on? Shout out to the D.
• 8:24
  Speaker 5: What up, though?
• 8:25
  Speaker 2: Yeah.
• 8:26
  Speaker 5: I will have my Buffalo frames.
• 8:28
  Speaker 2: Okay.
• 8:29
  Speaker 5: Got to do it.
• 8:30
  Speaker 2: Perhaps.
• 8:30
  Speaker 5: It's only right.
• 8:31
  Speaker 6: Perhaps.
• 8:32
  Speaker 5: But man, shout out to Detroit. So pull up on us.
• 8:34
  Speaker 6: If you're in Detroit or surrounding areas, pull up on
• 8:36
  Speaker 6: us on Friday at 7 o'clock.
• 8:38
  Speaker 2: Thank you for reminding me because I forgot to do this.
• 8:40
  Speaker 1: I will be at Volume Up Summit Friday at the
• 8:43
  Speaker 1: Maroon Culture Club. Me, Cortez Bryant, and a few others
• 8:46
  Speaker 1: will be speaking. Of course, I'll be telling you how
• 8:48
  Speaker 1: to navigate this upcoming recession if they announce it, how
• 8:52
  Speaker 1: to get rich from the market, and what companies I
• 8:55
  Speaker 1: think are going to fall apart post-2027. I'm linking my
• 8:58
  Speaker 1: bio on Instagram, so I'll see you in Columbus. When
• 9:01
  Speaker 1: you see us both out on the road the same weekend, indication.
• 9:07
  Speaker 1: Increase the frequency of activity. That's the perfect edge. That's
• 9:12
  Speaker 1: the perfect edge.
• 9:13
  Speaker 5: Perfect. Okay, what's the trading tip of the week?
• 9:16
  Speaker 1: For all my traders, focus more on the weekly chart.
• 9:20
  Speaker 1: A lot of people was in such a disarray, and
• 9:22
  Speaker 1: I'm sure your phone was blown up on Friday. And
• 9:24
  Speaker 1: I'm like, zoom out. You're looking at the intraday timeframes,
• 9:28
  Speaker 1: and I get it. But if you go high to low,
• 9:30
  Speaker 1: and if you're looking at the weekly for, let's take Oracle, Microsoft, AMD, Nebius, IBM,
• 9:38
  Speaker 1: you can see a clearer picture. And also look at
• 9:41
  Speaker 1: the weekly open. I've never talked about this publicly. I
• 9:43
  Speaker 1: have in Stock Club. But a lot of times you
• 9:45
  Speaker 1: need to see where the week is open at to
• 9:47
  Speaker 1: see if we're underneath the equator or above.
• 9:50
  Speaker 2: Visa was above. Coca-Cola was above.
• 9:54
  Speaker 1: And even for the ones that slid under, it's usually
• 9:57
  Speaker 1: a good opportunity to get in. So when there's a
• 9:59
  Speaker 1: bad week cycle that can be a great indication for
• 10:02
  Speaker 1: falls five or ten percent to get in and look
• 10:04
  Speaker 1: forward to rebound and.
• 10:05
  Speaker 3: Go back above the open yeah i think that's why
• 10:07
  Speaker 3: that that moving average uh is so important if you
• 10:10
  Speaker 3: looked at i'm glad it's crazy you said nibius so
• 10:13
  Speaker 3: nibius was a company we were looking at it hit
• 10:15
  Speaker 3: its 200 day uh bloom energy we we did a
• 10:18
  Speaker 3: whole case study on it and watched it run to
• 10:21
  Speaker 3: 300 and understood like hey if it gets to 300
• 10:23
  Speaker 3: great but we really like it in the 240 to
• 10:27
  Speaker 3: 220 range it actually got down to 216 we did
• 10:29
  Speaker 3: some calls on it but just having those metrics before
• 10:33
  Speaker 3: it gets there yes yeah you actually gave us a
• 10:35
  Speaker 3: a price on uh broadcom yes it got to that
• 10:38
  Speaker 3: price so i saw some people activating that but Having
• 10:41
  Speaker 3: that plan prior to it getting to these points are
• 10:43
  Speaker 3: so critical because you know that, hey, it's in the range.
• 10:47
  Speaker 2: It's in my zone. This is what I said I
• 10:49
  Speaker 2: was waiting for. Am I going to execute?
• 10:51
  Speaker 3: And a lot of times we're seeing more than not
• 10:53
  Speaker 3: people are executing because they have drawn those lines where
• 10:56
  Speaker 3: there is the 200.
• 10:57
  Speaker 2: We haven't seen too many get to the 400. Thank God.
• 10:59
  Speaker 3: We did see Microsoft there in June, but now, I mean,
• 11:03
  Speaker 3: nearly all-time high. And so it's important. Watch those moving averages.
• 11:07
  Speaker 3: Set the price points for them. And when they get there,
• 11:10
  Speaker 3: Look for opportune time. I think the other part, and
• 11:12
  Speaker 3: this is key, this is key. Not only watch to
• 11:15
  Speaker 3: see if it gets to that EMA, but let's see
• 11:18
  Speaker 3: if it falls below it. Because that might even be
• 11:20
  Speaker 3: a better time, right? I said 220, but it got
• 11:22
  Speaker 3: to 216. It fell below it. Within an hour, it
• 11:25
  Speaker 3: reclaimed it. So that tells me that there's some positive
• 11:28
  Speaker 3: momentum going back up on the upside.
• 11:29
  Speaker 2: And now, you know, we've seen Bloom kind of rebound
• 11:31
  Speaker 2: here to the 230, 240 range. Having a good price
• 11:34
  Speaker 2: is like having good insurance on your home.
• 11:36
  Speaker 1: Like a lot of people that are trading, They're trying
• 11:39
  Speaker 1: to get fire insurance after the house is up in flames.
• 11:42
  Speaker 2: It's too late at that point.
• 11:44
  Speaker 1: If you're already down or you don't know where to
• 11:46
  Speaker 1: get in, you got at the top of the market
• 11:48
  Speaker 1: or 1% off the high, when we pull back, your
• 11:51
  Speaker 1: portfolio is going to explode. So plan in advance to
• 11:54
  Speaker 1: know where could this stock that I really love fall to.
• 11:58
  Speaker 2: Buy at that price. Turn off your phone. Turn off
• 12:02
  Speaker 2: your laptop. Give it a week. Let it run. You'll
• 12:04
  Speaker 2: be okay. But quit panicking the day of because you
• 12:07
  Speaker 2: got in at an all-time high. Did you go shopping Friday? Yeah,
• 12:09
  Speaker 2: of course.