Latest / Earn Your Leisure / Study Hall: 13 YEAR OLD MADE $78K TRADING STOCK OPTIONS

Transcript

Study Hall: 13 YEAR OLD MADE $78K TRADING STOCK OPTIONS · Earn Your Leisure

• 0:00
  Speaker 1: Hi, I'm Sharry from Life Source Water. Did you know
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• 1:00
  Speaker 3: So my Guy Chris Chris Christian Jones aka the Truth
• 1:05
  Speaker 3: twenty twenty four on Instagram. SO fifteen are you fifteen
• 1:09
  Speaker 3: years old, thirteen thirteen, So he's he's thirteen. He's he's
• 1:14
  Speaker 3: thirteen years old. He's a day trader, he's an investor,
• 1:17
  Speaker 3: he's a speaker, he's an author, he does options. Just
• 1:22
  Speaker 3: a dynamic, a dynamic dude. So Ian reached out to
• 1:26
  Speaker 3: us a few days ago and was like, you know,
• 1:28
  Speaker 3: I think he'd be a great guest for market.
• 1:29
  Speaker 4: Mondays and be like, sure, why not? So we want to.
• 1:32
  Speaker 4: We want to.
• 1:32
  Speaker 3: We want to highlight First of all, we want to
• 1:34
  Speaker 3: highlight you for a couple of different reasons. It's important
• 1:36
  Speaker 3: to support and encourage our entrepreneurs and our investors, like
• 1:40
  Speaker 3: you know, shout out to to Mikey, who's the number
• 1:44
  Speaker 3: one fifteen year old basketball player in the country. But
• 1:46
  Speaker 3: to me, you're just as important as somebody like that,
• 1:49
  Speaker 3: or Lebron James when he was out.
• 1:51
  Speaker 2: Yeah, he can impact thousands of kids.
• 1:54
  Speaker 5: Mikey can help his family, but you can help the
• 1:56
  Speaker 5: world and generations.
• 1:57
  Speaker 3: YEA, yeah, sure, So we want to we want to
• 1:59
  Speaker 3: highlight you and someelebrate you. There's no difference between you
• 2:02
  Speaker 3: and Lebron James when he was thirteen, number one playing
• 2:05
  Speaker 3: in the country. I look at you like the number
• 2:06
  Speaker 3: one prospect.
• 2:08
  Speaker 2: This is here Sports Illustrate, right.
• 2:11
  Speaker 3: So first and first and foremost, we want to just
• 2:13
  Speaker 3: you know, celebrate you. But then also we want to
• 2:15
  Speaker 3: we want to get some game from you. I want
• 2:17
  Speaker 3: to get some game from you too, because I know
• 2:18
  Speaker 3: that you you know, you're a very astute trader and investors.
• 2:22
  Speaker 3: So first and foremost, thank you. Thank you for joining
• 2:25
  Speaker 3: our platform. We appreciate it.
• 2:28
  Speaker 6: I appreciate being here.
• 2:29
  Speaker 4: Yeah, yeah, for sure.
• 2:30
  Speaker 3: So I'll ask the first question. Then everybody can just
• 2:33
  Speaker 3: feel for you and Troy, So you you all right?
• 2:36
  Speaker 3: You you day trade options only? Or is stocks or yeah?
• 2:41
  Speaker 6: I do mostly options.
• 2:43
  Speaker 7: I do invest in stocks more so like for long term,
• 2:45
  Speaker 7: like most people, I do mostly options.
• 2:48
  Speaker 4: All right, I'm glad.
• 2:49
  Speaker 3: I'm glad because people have been asking for options, and
• 2:51
  Speaker 3: we're going to do an options show next week. We're
• 2:53
  Speaker 3: we're working on something special, but this would be a
• 2:57
  Speaker 3: good intro for that. So can you I was gonna
• 3:01
  Speaker 3: explain it, but I'd rather you can you just explain
• 3:03
  Speaker 3: for that? You know, most people aren't too familiar with options.
• 3:07
  Speaker 3: Can you just explain, like what options are as they
• 3:10
  Speaker 3: attained to like just investing in regular stocks.
• 3:13
  Speaker 6: Sure.
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  Speaker 7: So as far as the main key differences between stocks
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  Speaker 7: and options are this. So as far as stocks, we
• 3:21
  Speaker 7: know you actually own a share in the company, you
• 3:24
  Speaker 7: actually will own stock in the company, and y'a like
• 3:26
  Speaker 7: I said, you own sharing it. And the thing is
• 3:29
  Speaker 7: with stock, you can hold them well forever and you
• 3:31
  Speaker 7: can pretty much pass them down. And the main difference
• 3:34
  Speaker 7: between those and options is what options. You can't well
• 3:38
  Speaker 7: hold it and you don't actually own the stock. You
• 3:40
  Speaker 7: merely own the option in order to buy the stock.
• 3:44
  Speaker 7: And when we're owning options, we have these things called contracts. Now,
• 3:49
  Speaker 7: one contract is equal to one hundred shares of stock.
• 3:53
  Speaker 7: And also with this options as well, it's temporary online
• 3:57
  Speaker 7: stocks options are temporary. Now know the max amount you
• 4:01
  Speaker 7: can hold an option that I think about two years
• 4:04
  Speaker 7: because there are different types of trading, so you can
• 4:07
  Speaker 7: hold options for a long time. You can't do long
• 4:10
  Speaker 7: term trading with options. I've actually done that personally myself
• 4:14
  Speaker 7: just recently today every where I did a long term
• 4:16
  Speaker 7: contract with Tesla.
• 4:18
  Speaker 8: And I go about that.
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  Speaker 2: I saw you post that, man.
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  Speaker 7: Yeah, me and my mom we saw Tesla and we
• 4:25
  Speaker 7: got in about three hundred and then we made seventy
• 4:28
  Speaker 7: eight thousand dollars off that trade because Tesla it went
• 4:31
  Speaker 7: crazy today, but like, I don't know why it fell off,
• 4:34
  Speaker 7: but luckily we was able to get out before it
• 4:36
  Speaker 7: dipped down.
• 4:37
  Speaker 4: So don't let that go.
• 4:38
  Speaker 2: Yeah please, that was really modest.
• 4:40
  Speaker 7: Man.
• 4:41
  Speaker 2: That's a yearly salary, all right.
• 4:42
  Speaker 8: So yeah, real quick, one more time?
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  Speaker 6: Hold are you thirteen?
• 4:48
  Speaker 8: So I first met my guy when we was speaking
• 4:51
  Speaker 8: with ET.
• 4:52
  Speaker 9: Shout out to Marquell, because Marquell was solid enough to
• 4:55
  Speaker 9: put me on the platform before anyone knew me, just
• 4:59
  Speaker 9: like y'all before you know, se y'all help me pop.
• 5:01
  Speaker 9: So I met him there and I was like, Yo,
• 5:04
  Speaker 9: this kid knows his stuff and he's and I didn't
• 5:08
  Speaker 9: know any of this when I was a kid, right,
• 5:10
  Speaker 9: So run that number again past what you hit. I
• 5:13
  Speaker 9: just want the people to hear.
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  Speaker 6: Seventy eight dollars.
• 5:18
  Speaker 9: So the reason why I wanted him on is to show,
• 5:21
  Speaker 9: regardless of age, this is possible. We're the only culture
• 5:25
  Speaker 9: that this has been hidden from. He's young, right, so
• 5:31
  Speaker 9: if he can do it, you can do it too.
• 5:34
  Speaker 9: But no, I I'm gonna let you rock. I just
• 5:35
  Speaker 9: wanted to jump in and let that because like it
• 5:38
  Speaker 9: brings me so much joy because you've been doing this
• 5:40
  Speaker 9: is what you was a what eight and now you
• 5:42
  Speaker 9: was speaking at with eight or nine.
• 5:44
  Speaker 7: Yeah, So a brief well timeline is basically I actually
• 5:49
  Speaker 7: ended up writing my first book called The Win.
• 5:51
  Speaker 6: Within at eight years old.
• 5:54
  Speaker 8: Yep.
• 5:55
  Speaker 7: It's based off my story where I was getting bullied
• 5:57
  Speaker 7: by my teammates on the football field. It's about faith
• 5:59
  Speaker 7: family in football. And then this is at the time
• 6:02
  Speaker 7: we was living in Florida. So from there we actually
• 6:04
  Speaker 7: ended up leaving the country and going to Germany. And
• 6:08
  Speaker 7: while we were in Germany, that's where I ended up
• 6:10
  Speaker 7: wanting to say developing, but finding about or what investing is,
• 6:14
  Speaker 7: and finding about the stop or finding out about the
• 6:16
  Speaker 7: stock market, because I don't know if you guys remember,
• 6:19
  Speaker 7: there was a story about I think twenty thirteen, about
• 6:22
  Speaker 7: a fourteen year old who had made fifty.
• 6:24
  Speaker 6: Thousand dollars of buying Nike stock.
• 6:27
  Speaker 7: So, like anybody, I wanted to see how we did it,
• 6:30
  Speaker 7: and I began asking my mom she could teach me
• 6:32
  Speaker 7: how to invest in the stock market because I'm trying
• 6:34
  Speaker 7: to make that kind of money.
• 6:37
  Speaker 6: At the time, I was around nine years.
• 6:39
  Speaker 7: Old, so she didn't really take me seriously because she
• 6:42
  Speaker 7: thought I was just playing around just saying that, because well,
• 6:45
  Speaker 7: people changed their minds all the time. So I ended
• 6:49
  Speaker 7: up doing my own research and came back to her
• 6:52
  Speaker 7: and told her I wanted to open up my brokerage
• 6:54
  Speaker 7: account and again your broketus's accounts that coount used in
• 6:58
  Speaker 7: order to invest in. And when she heard that, then
• 7:01
  Speaker 7: she saw that was actually passionate and really wanted to
• 7:04
  Speaker 7: learn this skill. And at the time she did know
• 7:07
  Speaker 7: a little bit about investing, but she really didn't get
• 7:11
  Speaker 7: too deep into it herself. So she actually went out
• 7:14
  Speaker 7: and got her course, and that course was twenty five
• 7:17
  Speaker 7: thousand dollars because she knows not only the value of
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  Speaker 7: investing in the stock market, but investing into yourself and
• 7:22
  Speaker 7: investing in your growth. So she went out and got
• 7:26
  Speaker 7: the course, and then initially we were taking it together,
• 7:29
  Speaker 7: but eight nine years old, no idea.
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  Speaker 6: What that meant.
• 7:32
  Speaker 7: So she ended up learning from the course, and then
• 7:35
  Speaker 7: she came back and topped me. So I guess the
• 7:38
  Speaker 7: whole timeline would be I've been investing for four years
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  Speaker 7: and I've been trading for three.
• 7:43
  Speaker 8: I love this.
• 7:44
  Speaker 9: Man, So that includings to your mom too, because your
• 7:48
  Speaker 9: mom is like with you running the business.
• 7:50
  Speaker 8: So this i'mber sawing to let you rock.
• 7:52
  Speaker 9: But parents are also like you see the joy in
• 7:55
  Speaker 9: his face from learning this, and like the joys in
• 7:58
  Speaker 9: our face, Like all of our kids should know this,
• 8:01
  Speaker 9: So do it together. And if your kids have an
• 8:03
  Speaker 9: interest even in gaming, let them do that because they
• 8:07
  Speaker 9: are more avenues now than ever to make money from
• 8:10
  Speaker 9: a whole bunch of industries that were not available to us.
• 8:12
  Speaker 3: Shot, go ahead, Yeah, so all right, so let's talk
• 8:15
  Speaker 3: about this this Tesla call that you had. So I'll
• 8:18
  Speaker 3: just try to give my my I was gonna say,
• 8:22
  Speaker 3: like thirteen year old explanation, but nah, I gotta give
• 8:26
  Speaker 3: my four year old explanation for what options are correct
• 8:29
  Speaker 3: me if I'm I just want everybody, I just want
• 8:31
  Speaker 3: everybody just to have an understanding. So like when you
• 8:33
  Speaker 3: buy stock, Let's say you want to buy Apple stock
• 8:38
  Speaker 3: right now, it's like at three eighty two, so we
• 8:40
  Speaker 3: know you just if you have three hundred and eighty
• 8:42
  Speaker 3: two dollars, you can buy one share right and then
• 8:44
  Speaker 3: you know if you buy two shares and it's two
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  Speaker 3: times three eighty two. Everybody, I think that pretty much
• 8:48
  Speaker 3: understands that you have to be your own Apple. You
• 8:50
  Speaker 3: can have it for as long as you want, whenever
• 8:52
  Speaker 3: you sell it. If you sell it at you know,
• 8:54
  Speaker 3: seven hundred dollars, then you know you've almost you like
• 8:57
  Speaker 3: double your money pretty much, right, So that's easy to understand.
• 9:00
  Speaker 3: So with the options, it's pretty much like you're buying
• 9:02
  Speaker 3: something in the future. So it's like, Okay, I'm buying Apple.
• 9:07
  Speaker 3: Yeah exactly, I'm buying Apple for five hundred dollars in
• 9:13
  Speaker 3: January of twenty twenty two, right, And then you have
• 9:17
  Speaker 3: an ask and the bid price.
• 9:19
  Speaker 4: So the strike price, the strike price is five hundred dollars.
• 9:22
  Speaker 9: That's like that's the price you want to the future,
• 9:23
  Speaker 9: like the exit yeah yeah.
• 9:25
  Speaker 3: So and then the acts. So the ask is like
• 9:28
  Speaker 3: what you're actually buying those contracts for. So the ass
• 9:32
  Speaker 3: could be let's say, you know, fifty dollars hypothetically, right,
• 9:36
  Speaker 3: So the ask is a lot lower than the actual
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  Speaker 3: price of the actual Well.
• 9:39
  Speaker 2: So it gets tricky, right, so this calls and puts
• 9:42
  Speaker 2: we got to.
• 9:43
  Speaker 3: Well, we say called so the ask, the ask is
• 9:46
  Speaker 3: like fifty dollars, right, so you're buying one hundred because
• 9:49
  Speaker 3: you got to buy one hundred contracts one hundred.
• 9:52
  Speaker 8: Let's you share it one contract.
• 9:54
  Speaker 2: Let's just five dollars.
• 9:55
  Speaker 3: That'll make it easier, all right, So now you buy,
• 9:58
  Speaker 3: you buy it at fifty. So now, if let's say
• 10:02
  Speaker 3: the price of apple stock goes from three eighty two
• 10:05
  Speaker 3: to four hundred, right, that's an eighteen dollars increase. Now,
• 10:09
  Speaker 3: if you have the regular stock, then that would have
• 10:11
  Speaker 3: been whatever percentage of eighteen dollars going up. But now
• 10:15
  Speaker 3: if you own the options contract and it's fifty dollars,
• 10:19
  Speaker 3: theoretically that fifty dollars could go to one hundred dollars.
• 10:23
  Speaker 3: So now you actually doubled your money. This is why
• 10:26
  Speaker 3: options are so appealing to people. And once you fully
• 10:29
  Speaker 3: understand it, it's like it's like stocks on steroids because
• 10:33
  Speaker 3: it's stuff to go back to.
• 10:34
  Speaker 2: Stop now it's.
• 10:35
  Speaker 3: Really difficult because it's like you could, but it's a
• 10:39
  Speaker 3: lot more volatile, so it can go up a lot fast.
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  Speaker 3: Dealer, but it can also go down a lot faster
• 13:06
  Speaker 3: as well because you're not. You don't really care about
• 13:08
  Speaker 3: the price of the stock. You're more concerned about the
• 13:12
  Speaker 3: bid and the ass as did I did I do
• 13:15
  Speaker 3: a good job explaining that Christian?
• 13:18
  Speaker 6: You did a decent job.
• 13:23
  Speaker 8: I might cut that. That's funny, all right?
• 13:25
  Speaker 4: So can you can you?
• 13:26
  Speaker 2: Can you feel in?
• 13:27
  Speaker 4: Can you fill in what I left out?
• 13:28
  Speaker 2: Are you smarter than the seventh grader?
• 13:33
  Speaker 7: So as far as the strike price, you were well
• 13:35
  Speaker 7: kind of right at that. So the strike price you do,
• 13:37
  Speaker 7: that's the price you're actually buying it at. So let's
• 13:40
  Speaker 7: say I'm buying I'm gonna use it yours. So let's
• 13:43
  Speaker 7: say I'm buying Apple if they were at three eighty two.
• 13:45
  Speaker 7: So the thing is about options. You have an option chain,
• 13:49
  Speaker 7: and when you're looking at the option chain, you have
• 13:51
  Speaker 7: in the money and out the money. So let's say
• 13:53
  Speaker 7: I'm going to go out the money. Normally, when I
• 13:54
  Speaker 7: go out the money, that's means more. And so I'm
• 13:56
  Speaker 7: gonna do a swing trade. A swing trade is a
• 13:58
  Speaker 7: more long term trade and investment. Like I said, you
• 14:01
  Speaker 7: can go out to a maximum about two years. So
• 14:04
  Speaker 7: let's say I'm doing a swing trade and Apple's current
• 14:07
  Speaker 7: stock price or yeah, stock price is at three eighty two,
• 14:10
  Speaker 7: so I'm gonna put my strip price at let's say
• 14:13
  Speaker 7: four hundred, so and I'm doing a call, so I
• 14:15
  Speaker 7: know my not Microsoft Apple, was gonna hit at least
• 14:19
  Speaker 7: four hundred dollars. Because I will say this about stripe
• 14:21
  Speaker 7: prices as well, they don't necessarily have to hit your
• 14:25
  Speaker 7: price in order for you to make money. They just
• 14:27
  Speaker 7: have to go in general direction for you to be
• 14:29
  Speaker 7: able to make money. That's how you make money off
• 14:31
  Speaker 7: swite swing trades, and that is one of the ways
• 14:34
  Speaker 7: I actually made money, not only off that Tesla but
• 14:37
  Speaker 7: also whether it did hit my strike price. But I
• 14:40
  Speaker 7: did one off Microsoft hit that's a better example. So
• 14:42
  Speaker 7: I remember Microsoft was about at one thirty five at
• 14:46
  Speaker 7: the time, that was their stock price, and I put
• 14:48
  Speaker 7: my stripe price this was a swing trade, and I
• 14:50
  Speaker 7: put it at one ninety five, and I put it
• 14:51
  Speaker 7: about three cents a month saddle, so I put it
• 14:54
  Speaker 7: three system month out and I put my strip price
• 14:56
  Speaker 7: at one ninety five. And even though Microsoft never actually
• 14:59
  Speaker 7: hit that stripe as one until later after I sold
• 15:02
  Speaker 7: the contract, it was still doing in that direction, so
• 15:04
  Speaker 7: therefore I was making money.
• 15:07
  Speaker 2: The trend is your friend.
• 15:08
  Speaker 5: So the thing as long as it was going toward
• 15:10
  Speaker 5: that one, you're gonna make some money.
• 15:12
  Speaker 3: Thank you, Thank you for the further explanation. So all right,
• 15:16
  Speaker 3: can you talk about this the Tesla trade that you
• 15:18
  Speaker 3: made today? Can you kind of just walk us through that.
• 15:20
  Speaker 3: What's your what's your Instagram? Because a lot of people
• 15:22
  Speaker 3: on on YouTube? Can you just type into instagrament I
• 15:25
  Speaker 3: think it's the truth at twenty twenty.
• 15:27
  Speaker 6: Four, right, yeah, the truth twenty twenty four.
• 15:30
  Speaker 4: And Mark Mark said he likes you. We'll let you
• 15:32
  Speaker 4: know who Mark is.
• 15:33
  Speaker 6: What.
• 15:34
  Speaker 3: Yeah, Mark is a Mark is a fan of you.
• 15:37
  Speaker 3: So yeah, can you walk us through your your Tesla
• 15:39
  Speaker 3: trade that you made today?
• 15:41
  Speaker 6: Sure?
• 15:41
  Speaker 7: So that Tesla trade was actually also another swing trade
• 15:45
  Speaker 7: that I did back in March when Tesla was at
• 15:47
  Speaker 7: that three hundred dollars Mark Mark and I remember, and
• 15:51
  Speaker 7: I remember I was telling my clients about it, and
• 15:55
  Speaker 7: I I didn't necessarily tell them.
• 15:56
  Speaker 6: I was telling them what I was gonna do and
• 15:58
  Speaker 6: that might as well copy.
• 16:00
  Speaker 7: So I got in at about three hundred dollars, and
• 16:03
  Speaker 7: I remember after that I decided to just I was
• 16:05
  Speaker 7: gonna just sell it. After Tesla started move up in
• 16:08
  Speaker 7: that upper direction, but we decided not to so kind
• 16:12
  Speaker 7: of just left it alone, and little did we know,
• 16:14
  Speaker 7: a couple of months later it hit almost one hundred
• 16:17
  Speaker 7: thousand dollars. Because Tesla, as you know, has one of
• 16:21
  Speaker 7: those well, Tesla is like a wildcard to me, like
• 16:24
  Speaker 7: it's one of those companies. Market be up one day,
• 16:27
  Speaker 7: Tesla's going down one hundred dollars, market be down another day,
• 16:30
  Speaker 7: Tesla's moving up two hundred dollars, fall back, move up
• 16:33
  Speaker 7: another one hundred dollars, Like Tesla is a wildcard. And
• 16:36
  Speaker 7: knowing this, but that Tesla is a wildcard, but it
• 16:39
  Speaker 7: is a very consistent company. So knowing this, we decided
• 16:42
  Speaker 7: to do a swing trade on this and like I said,
• 16:45
  Speaker 7: a little month, well a couple of months later, here
• 16:47
  Speaker 7: we are with the seventy eight thousand dollars.
• 16:49
  Speaker 6: So that's kind of the whole process on how that worked.
• 16:52
  Speaker 4: How much money did you put in?
• 16:53
  Speaker 9: Originally two thousand, two thousand, we got a question, how
• 17:03
  Speaker 9: do you choose your strike price? And you're ask that
• 17:06
  Speaker 9: you're looking to get in. I saw that comment in
• 17:10
  Speaker 9: YouTube fast how.
• 17:12
  Speaker 6: Do I choose my strike price? And my ass correct?
• 17:14
  Speaker 8: Ye?
• 17:15
  Speaker 7: All right, So as far as how I choose my
• 17:17
  Speaker 7: stripe price. That really depends I'm trading for that day.
• 17:20
  Speaker 6: Because you have.
• 17:21
  Speaker 7: Four different trading styles you have, and I use well
• 17:25
  Speaker 7: pretty much all four. So you have the first training style,
• 17:28
  Speaker 7: which is called scalping. So scalping is more so well
• 17:32
  Speaker 7: like a scalp surgeon pinpoint movements and short little movements.
• 17:37
  Speaker 6: And those are like in and out. You you gotta
• 17:39
  Speaker 6: be really quick.
• 17:40
  Speaker 7: You do have to have patience as well with scalping,
• 17:42
  Speaker 7: So scalping is born, like I said, pinpoint movements, So
• 17:45
  Speaker 7: it depends if I'm doing scalping, I might go in
• 17:48
  Speaker 7: the money. However, you also have day trading, which is
• 17:51
  Speaker 7: similar but not the same as scalping. Day trading you can,
• 17:54
  Speaker 7: instead of those pinpoint movements where you're making like four
• 17:57
  Speaker 7: hundred dollars in two minutes, trading might make five thousand
• 18:02
  Speaker 7: dollars in about not even ten to twenty, but like
• 18:05
  Speaker 7: maybe an hour or two. So day trading, while you
• 18:07
  Speaker 7: might take a little longer, you don't necessarily hold any
• 18:12
  Speaker 7: positions at the end of the day, and then you
• 18:14
  Speaker 7: have position in swing trading. So swing trading is what
• 18:17
  Speaker 7: I did with the Tesla and the Microsoft and one
• 18:19
  Speaker 7: of my favorite strategies to use because it's basically passive income.
• 18:24
  Speaker 7: It is something I do teach you in my course
• 18:26
  Speaker 7: because I gus I said it's passive income. I remember
• 18:28
  Speaker 7: my mom she said swing trading here is actually her
• 18:31
  Speaker 7: favorite strategy as well, because it allows you to not
• 18:35
  Speaker 7: only free up your time, but also to make passive
• 18:38
  Speaker 7: income and make money on a consistent basis without having
• 18:41
  Speaker 7: to really put in much work, which is the beauty
• 18:43
  Speaker 7: of the stock market. And then you have position trade,
• 18:46
  Speaker 7: which goes back to the well maximum matter two years,
• 18:49
  Speaker 7: where you can pretty much do it like a stock
• 18:51
  Speaker 7: can just hold it for a long amount of time
• 18:53
  Speaker 7: and just allow it.
• 18:54
  Speaker 6: To continuously making money. But you have to be careful
• 18:58
  Speaker 6: on what companies you choose because you.
• 18:59
  Speaker 7: Will have out those companies that might dip during a
• 19:02
  Speaker 7: certain point because of whatever reason. So you do have
• 19:05
  Speaker 7: to pay attention to the news and you do have
• 19:07
  Speaker 7: to watch your positions as well. Like I said, you
• 19:09
  Speaker 7: got to pay attention, like this is not something you
• 19:11
  Speaker 7: can just what may one trade and just leave it
• 19:13
  Speaker 7: for forever.
• 19:15
  Speaker 9: Can you walk us through your risk to reward ratio?
• 19:17
  Speaker 9: So are you risking ten percent to make one hundred
• 19:21
  Speaker 9: or what race you are are you using when you're
• 19:23
  Speaker 9: setting up your swing trades.
• 19:25
  Speaker 6: So when I'm setting up on my swing trades, I typically.
• 19:29
  Speaker 7: Won't like I don't like to lose more than about
• 19:31
  Speaker 7: twenty five percent.
• 19:32
  Speaker 6: However I will lose.
• 19:34
  Speaker 7: I will be willing to risk twenty five percent if
• 19:38
  Speaker 7: I can make at least fifty percent.
• 19:40
  Speaker 5: Okay, Christian, I got a quick question. So are you
• 19:45
  Speaker 5: making puts as well? What's your strategy on that?
• 19:48
  Speaker 7: Yeah, use puts as well. I don't use them as much,
• 19:50
  Speaker 7: but I do use them. And I would say an
• 19:53
  Speaker 7: example of put to a big what was it? The
• 19:55
  Speaker 7: company six Flags? Y'all know that's a yeah, the amusement
• 19:59
  Speaker 7: part actually on publicly. So I remember one thing I
• 20:03
  Speaker 7: did with six Flags. I remember the first year, I
• 20:05
  Speaker 7: want to say, discovered them.
• 20:06
  Speaker 6: I saw them.
• 20:07
  Speaker 7: This was also during the summer, and six Flags at
• 20:10
  Speaker 7: the time, this was about two years ago.
• 20:11
  Speaker 6: Six Flags was.
• 20:12
  Speaker 7: Going up because I believe they came out with a
• 20:14
  Speaker 7: new Batman ride or something, and everybody what was doing
• 20:17
  Speaker 7: at six Flags, So they jumped about twenty dollars.
• 20:20
  Speaker 6: So I made money off of calls.
• 20:21
  Speaker 7: And then, of course, since since Flags is a seasonal company.
• 20:25
  Speaker 7: They began slowly dropping as the months went on August, September, October.
• 20:30
  Speaker 7: So knowing this and knowing this from the first year
• 20:33
  Speaker 7: because I didn't figure out that pattern before, but knowing
• 20:36
  Speaker 7: this next year in twenty nineteen, I did see this
• 20:39
  Speaker 7: pattern and saw that six Flags who was gonna have
• 20:42
  Speaker 7: that well great summer again and.
• 20:44
  Speaker 6: Then they were going to slowly drip down.
• 20:45
  Speaker 7: So I decided to do a swing tray put on
• 20:48
  Speaker 7: it and make some money that way.
• 20:49
  Speaker 3: So and put foot well YouTube YouTube if you could
• 20:52
  Speaker 3: take a minute and like this video was twenty three
• 20:55
  Speaker 3: hundred people. I think that's a record for us. But
• 20:58
  Speaker 3: if you don't, if you don't appreciate it, if you
• 21:01
  Speaker 3: don't like this video, it says a lot about your
• 21:03
  Speaker 3: character already, this one. Yeah, you gotta come on, you
• 21:07
  Speaker 3: gotta like it. You got That's the least you can
• 21:09
  Speaker 3: do is like it. So let me ask you, all right,
• 21:12
  Speaker 3: So put for anybody that's that's when you're you're saying
• 21:15
  Speaker 3: that the stock is going to go down, where calls
• 21:17
  Speaker 3: are saying that the stock is going to go up.
• 21:19
  Speaker 3: So if your put strategy more short term like long term,
• 21:23
  Speaker 3: like do you have a long term call strategy and
• 21:25
  Speaker 3: a short term put strategy, or how do you play
• 21:28
  Speaker 3: your puts versus calls? And and do you ever put
• 21:31
  Speaker 3: a call and a put on the same position, because
• 21:33
  Speaker 3: some people do that to hedge, like they'll put a
• 21:35
  Speaker 3: call on Apple, but then they'll take twenty five percent
• 21:38
  Speaker 3: and put a put on it also, so if they'll
• 21:41
  Speaker 3: make money either way, the market decides to go.
• 21:45
  Speaker 7: So as far as how I do my calls and puts,
• 21:48
  Speaker 7: I more so do my well, I do do kind
• 21:51
  Speaker 7: of both ways, Like as far as long term, I
• 21:53
  Speaker 7: might do calls occasionally, but for the most part, I
• 21:57
  Speaker 7: use well puts for the long term, why not even
• 22:00
  Speaker 7: long term, but more so midterm on those companies that
• 22:02
  Speaker 7: I know sucked.
• 22:03
  Speaker 6: On our trash and I'm getting at a good entry point.
• 22:06
  Speaker 7: And then I use calls more so consistently and more
• 22:09
  Speaker 7: so yeah for short term, especially on with scoupling the
• 22:12
  Speaker 7: day journey.
• 22:12
  Speaker 2: Christian really quick.
• 22:13
  Speaker 5: So are you making options on individual stocks.
• 22:17
  Speaker 2: Or do you do ETFs as well?
• 22:19
  Speaker 6: I do individual stocks.
• 22:20
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