Cliff Notes: STOCK TRADING FOR BEGINNERS

any longer. Speed up your hiring right now with Indeed, and listeners of this show will get a seventy five dollars sponsored job credit to get your jobs more visibility at indeed dot com slash pod Katz thirteen. Just go to Indeed dot com slash pod Katz thirteen right now and support our show by saying you heard about Indeed on this podcast. Terms and conditions apply. Hiring Indeed is all you need.

one dollar to make five write that down. You either want to risk one to make ten, one to make twenty five, one to make fifty, or one to one hundred. A lot of times we will get down in the trade. And then, of course I was listening to the episode that you guys had with trapping Trap. Is like, hey man, sometimes in one of my trades, I may be up sixty grand and some days I may be only up

eighteen one hundred. The thing that allows us to stay in the trade is that you have to know what the risk to reward parameters that you are using beforehand, so you know when to get in and when to get out. So that's number one less than number two. Everyone was asking what did he start with? But the thing that he wanted to stress to everyone it doesn't matter what you start with. You just have to start.

I'm gonna be honest. I know some of you have been watching the show since last year and you have not taken your first trade yet or your first investment. Why I've given you every good stock on the planet, every bad one, and the three that I man messed up on I've said, hey, man, I messed up my bat and made up for it. You have to get started. Lesson number three, stop hesitating and take the trade. And I'm gonna just say this humbly and respectfully, especially when

I call it. Some of you should know my body language and mannerisms enough when something is going to take off, take the trade. Don't hesitate. Do your own research. Even if we have a parabolic move to the upside and we slide back down and there's another chance to get in. Usually on here I will call out where, and then for those of you ask questions tonight, please have four or five stocks that you want to ask about tonight so I can be able to help you. Lesson number four,

Master the craft. This is most important. It took him eleven months of practice with frustration, and he's married. So fellas you know how it is if you got a significant other or you're married, you're working on something and it doesn't produce results. The significant others like, yo, what are you doing wasting time? You could be working on

something else. It took eleven months. Let me ask you this, But would you practice and learn how to trade for ten months or eleven months to then turn around while on vacation to make two hundred and eighty two thousand dollars in a matter of days. Put yes and no in chat master the craft. This is a business. Some kids work on going to the NBA for nineteen years of their lives, twenty years of their lives. A lot

of people go to school for twelve years. You're telling me you can't take eleven months, twelve months, eighteen months, sixty months to master craft in which you can make money on demand. I'm telling you it is absolutely worth it. Number five, you have to learn how to trade to be a better investor. So for my long term investor, this is the gap that you have to close. And this is the sweet spot that I saw. I noticed most investors did not know how to trade well, and

most traders don't know how to invest. So I was like, let me take Warren Buffett, Peter Lynch's model and blended will part two the Jones Road in one. And when you are a good trader, you're able to get better entries long term. Then you have to become a better investor to be a better trader to all my traders. Get off of the five minute, get off of the one minute. It is a losing parameter. Go to a higher timeframe. And here's the thing. I've always said it.

The cheat code is if you wake up and you see that Nasdaq is up a ton, if you're invested in it, or the S and P five hundred is up, you generally know what the market is going to do for that day. So if you're already long term investing and gives you a cheat code to know what to do in try day less than number seven. Twelve trades per year. Everybody on here, Earner's Bread Panda Family, everybody

on YouTube, twelve trades per year. Here's the thing. Once you start to bleed to thirty sixty eighty trades, if you're not using the algorithm, you have a high probability of losing. Who in here thinks they can win ten out of twelve trades or nine out of twelve trades most here can. But you hear so much noise, which if talk is cheap, those that are debating are trying to keep you from getting real money. All you need

is twelve good trades for the year. To make a significant impact on your life less than eight asymmetric risk to reward And I'm going to bring it up again later. But asymmetric risk to reward is everything. Indicators are not the things that matter most. Everyone's always talking about indicators RSI stochastic moving averages v WOP. That's if that was the secret, everyone that used emas or SMAs would make a lot of money. This is it risking one to make twenty five. So I want you to be dedicated

for the next year. Write in chat right now, if you are putting one dollar risk on the table, how much are you looking to earn it? Every trade, every earner, I need you to reply. Every Red Panda member, I need you to apply, especially dream team, because once you know that if you lose three trades in a row, you won't be that shack in. If you know that, you but if you don't know your wrist to reward, you'll be in a lot of danger. Later. I want to point out to moderna is a five hundred and

thirty five percent since the launch the stock Club. We gave it to you guys here for free for the culture. So for all this, they're not for the culture. And I'm tired of you guys fill well lined beards. Not No, we gain it for free. If you have not got into it, give me a couple weeks. I'll give you guys another praise to get into it. Number nine, This is key. In order to obtain freedom, you must endure

moments of bondage even when you're free. I won't get into any one's personal business, but I'll be honest, we've all had tough days when we still showed up here when we probably shouldn't have. Freedom is not disillusion that you just get to sail on the beach and live the ig lifestyle. A lot of you who are saying that you want to be free. In order to get free, you have to be in bonds in terms of your

work schedule and building systems to get free. And once you get free, guess what, there's more bonds that surround you. That's what people want tell you. There's been plenty of days when things are going on behind the scenes that all of us probably should have walked away and taken a day off. But we're still and we're not doing a four pity party. But even when you become free, the consistency and work ethic that you have, you're still going to be bonded to if you want to continue

to remain free. I want to point this out, hot take. Shopify is the eBay of this era, and Stripe is a new PayPal. I'm going to sit in. Shopify is to this era what eBay was in the ninety late nineties early two thousands, and Stripe is a new PayPal. So when Stripe IPOs, I know you guys are going to ask, wait sixty days, but I think there will be a dominant force in this space for a long time. Number two, and this is so key for every trader.

Print out your trading charts analog. A great lesson that I learned out of this book called Inside Apple Jim to Buy. Steve Jobs planned everything in analog first, which means he white boarded it out or wrote it out first, and then planned in digital traders. When I know, I know when I ask you, hey, eighteen weeks ago on a Tuesday, how did your trades go? I know ninety nine percent of people are not able to answer that question.

If you print out your trading charts every single day, not only will you be able to see patterns a lot clearer, you would be able to see the mistakes that you made. And also you were probably entering higher into the market if you were looking to buy, or you were shorting too much lower than you initially expected. Please print out your charts every single trading session, whether he took a live trade or not. And here's a great point that he pointed out when we're on a call.

He mentioned he lost out on sixty six thousand dollars in additional games by being a patient. Put this in chat and patience costs us profit. Either you jump into a trade too late, too early, or you get into a move. I feel everybody who bought Doze at sixty gave you the levels and which to tell you, Hey, this is resistance, this is support. You have to wait. And this is why I always tell you guys, blocking

out the noise is so key. It's so key because often a lot of the people that are telling you to get into a move or man in drouvish, I don't know what they talking about. They just don't want nobody to get them erners, what's up.

feels seamless. Whether it's a local coffee shop, a vendor at a pop up market, or even one of our merch partners, Square makes it easy for them to take payments, manage inventory, and run their business with confidence, all from one simple system. If you're a business owner or even just thinking about launching something soon, Square is hands down one of the best tools out there to help you start, run,

and grow. It's not just about payments, it's about giving you time back so you can focus on what matters most Ready to see how Square can transform your business, visit Square dot com backslash go backslash eyl to learn more that Square dot com backslash, go backslash eyl. Don't wait, don't hesitate, let's Square handle the back end so you can keep pushing your vision forward. This episode is brought

to you by P and C Bank. A lot of people think podcasts about work are boring, and sure they definitely can be, but understanding a professional's routine shows us how they achieve their success little by little, day after day. It's like banking with P and C Bank. It might seem boring the safe plan and make calculated decisions with your bank, but keeping your money boring is what helps you live or more happily fulfilled life. P and C

Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty five is a service mark of the PNC Financial Service Group, Inc. P and C Bank National Association Member FDIC.

wait any longer, speed up your hiring right now. Within and listeners of this show will get us seventy five dollars sponsored job credit to get your jobs more visibility at indeed dot com. Slash pod Katz thirteen. Just go to indeed dot com slash pod Katz thirteen right now and support our show by saying you heard about Indeed on this podcast. Terms and conditions apply. Hiring Indeed is all you need back.

hands for some of the shittiest assets out there. And the thing that I was stressing, so I was on a trip and I'm like, I need you guys to hold your trades longer. Here's the secret with long term investment that applies to short term. The longer you hold with your intra day trades, the more money you can make. Some of you are holding trades for too short of a period. And even if you're trading, and I said,

we'll talk about naked and AMC tonight. But some of you are getting into the move and be like, damn, I was in the trade for three minutes. If I would have held it for hour, I would have made fifteen twenty eight thousand. You need diamond hands for good assets and good trades less than thirteen. Please let it run for all of you that are trading futures. Please let your trades run for at least thirty minutes to

two hours. You have specific targets, like if you went into a job and let's say let's say you want to go work for Eyo or Red Panda, and we were like, hey man, we're gonna pay you two hundred and twenty five thousand dollars a year for this job. When you're not letting your trade run, that's like saying, oh man, just pay me twenty eight thousand. I don't

need to twenty five. None of you would do that in the job interview, But in your trades you'll have a breakout move and be like, ah, let me just take profit here when you can have a tremendous move, or remember, only twelve great trades on the year can make a difference for you, your family future, generations that are coming after. And this ties in you don't want to walk away from your trades because you don't want

to make real money. And I get it. I used to self sabotage like crazy, I know, whether in trading or in business. Another good book is called Secrets of the Millionaire Mind by T. Harve Ecker. He always says, whatever starts inside of your mind eventually forms yourself into reality in your outside world. That's very true. I would even have meetings i'plin and I hope they don't call. I hope this meeting doesn't go through because I was afraid. But once you get over that fear, I'm telling you,

life becomes a lot better when you don't sabotage. And for those of you that are not walking away from your trades, it is an active form of self sabotage. Because we've all seen people that are not that good of a trader, but they hit a hell of a home run and then you're like, how the hell did they make that trade? They let the trades sit a little bit longer then we normally would. Let's number fifteen. I'm going to say it again, please, if you learn

nothing else from me on the trading side. Know this, risk to reward is more important than indicators. It doesn't damn near matter what indicator you use. If you use an indicator that is flawless. And I've known people that have won ninety nine percent of their trades and ended up negative. I know people that traded thirty percent and they make between twenty and sixty thousand dollars a month.

It's all about risk to reward. If I'm risking one dollar to make twenty five or one dollar to make ten and you're risking one to make one dollar and ten cent, who's going to win the battle? That's the name of the game. Risk reward it is more important than indicators. I mean ask you this for all my traders. Do you have your trading plan in front of you every day? Why trading? And do you never deviate from it? I know everybody say, what the trading plane is great?

Three wednesdays from now, how many points will you go for? Or is it off day? Is it a research day, is it a film day? Another gym? You need to record every live trading session, whether you trade or not, because then what's gonna happen is you're gonna have a breakdown or a day on which we drop a lot based off news and some report comes out and it's gonna repeat that same kind of cycle, and you're gonna be like, damn, this is the move that happened in November.

For me. One of the hardest crashs that I first saw I made a lot of money on. It was August twenty fourth, twenty fifteen. I remember the weekend prior. That's a Monday. The Friday prior, I remember the market sliding down like crazy, and the Sunday I was flying to Denver. I remember being on the train seeing the nik slide and then es follow. When you see moves like that, they get embedded in your brain. That same move from August twenty fourth to twenty fifteen prepared me

for the slide of March of twenty twenty. The market repeats itself, it's not the exact same. Shout out to my trades. If you've ever seen a breakdown move and then you've seen to repeat itself a year or two later. You have to have your trading plan in front of you every every single day, and do not deviate from it less than seventeen shot. Selection is everything, and I will say this on a call. Arguably, with the exception of Range, Westbrook and Dame Lillard have the same heart.

They're built from the same kind of player. They're both Iverson esque. What's the difference between the two shot selection? I love Russ with all my heart. Russ does not have as good as shot selection as Dame. Same thing and trading. Some of you can trade your asses off, but guess what, you take too many trades, seven trades in the day, or the emotions kick in and you're trading too much size and the middle of the day, stay away from that zombie dead zone hour like after

eleven o'clock to one, there's nothing to do. If you're trading the S and P five hundred down product nasdak product. You need to look at the first hour and be done, and then look at the clothes you're trading at twelve o'clock twelve thirty, you're going to get chopped up. Please type this shot selection is everything. And if I'm looking from a competitive landscape, a lot of you can trade very well, but I know you won't wait for the right shot. All of us did have played ball. We

know the one guy. If we swing the ball and we skip it to the corner. He's going to shoot that ball. If nine people on him, he doesn't care because he just want to get a shot off. Look at the Mayweather fight last night. It was not the most entertaining the first round. Look how selective he was and attacking Paul, and even though Paul doesn't have enough punch and power to knock him out per se, he still respected what could happen? Please know shot selection is

everything less than eighteen. Please write this down. You cannot overtrade your way to freedom. And this is from a person me who used to take fourteen to twenty trades in the day in sixteen twenty seventeen. And the days in which they were great, old baby, you couldn't tell me nothing. And the days that I lost all, I was so upset. You could not tell me nothing. You cannot overtrade your way to freedom. That is another mechanism or another action and self sabotage. And I'll tell you

this options crash, cryptos crash, nft S crash. We've given you the blueprint two tech to index and trade futures. That is the blueprint Episode seventy Classic Shauto wind triple If you have not heard it. I give the entire blueprint there. Please master your craft. And I want to say this from a perspective for business owners. Like when I approached Troy Rashad like Yo, episode seventy was dope,

we should do a show. My entire strategy was to give everything away to show people, Hey, I wanted the best to do this for those of you that are looking to build your brand, because I see a lot of you want to get into the space. The only thing that separates you from everyone else is your ability to help others win. So you want to build a base. You always can team up, but give your picks away and if you get results, people will follow you. And I want to say this. I want to say this

and leave it up on the screen. I'm gonna say for those of us that are here given value, if we have made you money on this show, please put yes in chat because I'll argue that we have probably the best investing show on the planet and we need some more likes to to match these views, and we're outperforming everybody by a mile, but we may not get the same credit. And if we've been a superhero to you, just put yes in chat. In Superhero and I love y'all so much. I think I know why we won't

always get the credit, but we are the culture. I'm happy to have been able to serve you. And if you enjoy these lessons tonight, please let me know love you over note my graduates from my school being forced back drop drop.

five percent more applications than non sponsored jobs. Don't wait any longer, speed up your hiring right now with Indeed, and listeners of this show will get a seventy five dollars sponsored job credit to get your jobs more visibility at indeed dot com slash pod Katz thirteen. Just go to Indeed dot com slash pod Katz thirteen right now and support our show by saying you heard about Indeed on this podcast. Terms and conditions apply hiring, indeed, is all you need.