Study Hall: 13 YEAR OLD MADE $78K TRADING STOCK OPTIONS

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So my Guy Chris Chris Christian Jones aka the Truth twenty twenty four on Instagram. SO fifteen are you fifteen years old, thirteen thirteen, So he's he's thirteen. He's he's thirteen years old. He's a day trader, he's an investor, he's a speaker, he's an author, he does options. Just a dynamic, a dynamic dude. So Ian reached out to us a few days ago and was like, you know, I think he'd be a great guest for market.

Mondays and be like, sure, why not? So we want to. We want to.

We want to highlight First of all, we want to highlight you for a couple of different reasons. It's important to support and encourage our entrepreneurs and our investors, like you know, shout out to to Mikey, who's the number one fifteen year old basketball player in the country. But to me, you're just as important as somebody like that, or Lebron James when he was out.

Yeah, he can impact thousands of kids.

Mikey can help his family, but you can help the world and generations.

YEA, yeah, sure, So we want to we want to highlight you and someelebrate you. There's no difference between you and Lebron James when he was thirteen, number one playing in the country. I look at you like the number one prospect.

This is here Sports Illustrate, right.

So first and first and foremost, we want to just you know, celebrate you. But then also we want to we want to get some game from you. I want to get some game from you too, because I know that you you know, you're a very astute trader and investors. So first and foremost, thank you. Thank you for joining our platform. We appreciate it.

I appreciate being here.

Yeah, yeah, for sure.

So I'll ask the first question. Then everybody can just feel for you and Troy, So you you all right? You you day trade options only? Or is stocks or yeah?

I do mostly options.

I do invest in stocks more so like for long term, like most people, I do mostly options.

All right, I'm glad.

I'm glad because people have been asking for options, and we're going to do an options show next week. We're we're working on something special, but this would be a good intro for that. So can you I was gonna explain it, but I'd rather you can you just explain for that? You know, most people aren't too familiar with options. Can you just explain, like what options are as they attained to like just investing in regular stocks.

Sure.

So as far as the main key differences between stocks and options are this. So as far as stocks, we know you actually own a share in the company, you actually will own stock in the company, and y'a like I said, you own sharing it. And the thing is with stock, you can hold them well forever and you can pretty much pass them down. And the main difference between those and options is what options. You can't well

And I go about that.

I saw you post that, man.

Yeah, me and my mom we saw Tesla and we got in about three hundred and then we made seventy eight thousand dollars off that trade because Tesla it went crazy today, but like, I don't know why it fell off, but luckily we was able to get out before it dipped down.

So don't let that go.

Yeah please, that was really modest.

Man.

That's a yearly salary, all right.

So yeah, real quick, one more time?

Hold are you thirteen?

So I first met my guy when we was speaking with ET.

Shout out to Marquell, because Marquell was solid enough to put me on the platform before anyone knew me, just like y'all before you know, se y'all help me pop. So I met him there and I was like, Yo, this kid knows his stuff and he's and I didn't know any of this when I was a kid, right, So run that number again past what you hit. I just want the people to hear.

Seventy eight dollars.

So the reason why I wanted him on is to show, regardless of age, this is possible. We're the only culture that this has been hidden from. He's young, right, so if he can do it, you can do it too. But no, I I'm gonna let you rock. I just wanted to jump in and let that because like it brings me so much joy because you've been doing this is what you was a what eight and now you was speaking at with eight or nine.

Yeah, So a brief well timeline is basically I actually ended up writing my first book called The Win.

Within at eight years old.

Yep.

It's based off my story where I was getting bullied by my teammates on the football field. It's about faith family in football. And then this is at the time we was living in Florida. So from there we actually

Thousand dollars of buying Nike stock.

So, like anybody, I wanted to see how we did it, and I began asking my mom she could teach me how to invest in the stock market because I'm trying to make that kind of money.

At the time, I was around nine years.

Old, so she didn't really take me seriously because she thought I was just playing around just saying that, because well, people changed their minds all the time. So I ended up doing my own research and came back to her and told her I wanted to open up my brokerage account and again your broketus's accounts that coount used in order to invest in. And when she heard that, then she saw that was actually passionate and really wanted to

What that meant.

So she ended up learning from the course, and then she came back and topped me. So I guess the whole timeline would be I've been investing for four years and I've been trading for three.

I love this.

Man, So that includings to your mom too, because your mom is like with you running the business.

So this i'mber sawing to let you rock.

But parents are also like you see the joy in his face from learning this, and like the joys in our face, Like all of our kids should know this, So do it together. And if your kids have an interest even in gaming, let them do that because they are more avenues now than ever to make money from a whole bunch of industries that were not available to us.

Shot, go ahead, Yeah, so all right, so let's talk about this this Tesla call that you had. So I'll just try to give my my I was gonna say, like thirteen year old explanation, but nah, I gotta give my four year old explanation for what options are correct me if I'm I just want everybody, I just want

So the strike price, the strike price is five hundred dollars.

That's like that's the price you want to the future, like the exit yeah yeah.

So and then the acts. So the ask is like what you're actually buying those contracts for. So the ass could be let's say, you know, fifty dollars hypothetically, right, So the ask is a lot lower than the actual price of the actual Well.

So it gets tricky, right, so this calls and puts we got to.

Well, we say called so the ask, the ask is like fifty dollars, right, so you're buying one hundred because you got to buy one hundred contracts one hundred.

Let's you share it one contract.

Let's just five dollars.

That'll make it easier, all right, So now you buy, you buy it at fifty. So now, if let's say the price of apple stock goes from three eighty two to four hundred, right, that's an eighteen dollars increase. Now, if you have the regular stock, then that would have been whatever percentage of eighteen dollars going up. But now if you own the options contract and it's fifty dollars, theoretically that fifty dollars could go to one hundred dollars. So now you actually doubled your money. This is why

Stop now it's.

Really difficult because it's like you could, but it's a lot more volatile, so it can go up a lot fast.

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Dealer, but it can also go down a lot faster as well because you're not. You don't really care about the price of the stock. You're more concerned about the bid and the ass as did I did I do a good job explaining that Christian?

You did a decent job.

I might cut that. That's funny, all right?

So can you can you?

Can you feel in?

Can you fill in what I left out?

Are you smarter than the seventh grader?

So as far as the strike price, you were well kind of right at that. So the strike price you do, that's the price you're actually buying it at. So let's say I'm buying I'm gonna use it yours. So let's say I'm buying Apple if they were at three eighty two. So the thing is about options. You have an option chain, and when you're looking at the option chain, you have in the money and out the money. So let's say I'm going to go out the money. Normally, when I

The trend is your friend.

So the thing as long as it was going toward that one, you're gonna make some money.

Thank you, Thank you for the further explanation. So all right, can you talk about this the Tesla trade that you made today? Can you kind of just walk us through that. What's your what's your Instagram? Because a lot of people on on YouTube? Can you just type into instagrament I think it's the truth at twenty twenty.

Four, right, yeah, the truth twenty twenty four.

And Mark Mark said he likes you. We'll let you know who Mark is.

What.

Yeah, Mark is a Mark is a fan of you. So yeah, can you walk us through your your Tesla trade that you made today?

Sure?

So that Tesla trade was actually also another swing trade that I did back in March when Tesla was at that three hundred dollars Mark Mark and I remember, and I remember I was telling my clients about it, and I I didn't necessarily tell them.

I was telling them what I was gonna do and that might as well copy.

So I got in at about three hundred dollars, and I remember after that I decided to just I was gonna just sell it. After Tesla started move up in that upper direction, but we decided not to so kind of just left it alone, and little did we know, a couple of months later it hit almost one hundred thousand dollars. Because Tesla, as you know, has one of those well, Tesla is like a wildcard to me, like

So that's kind of the whole process on how that worked.

How much money did you put in?

Originally two thousand, two thousand, we got a question, how do you choose your strike price? And you're ask that you're looking to get in. I saw that comment in YouTube fast how.

Do I choose my strike price? And my ass correct?

Ye?

All right, So as far as how I choose my stripe price. That really depends I'm trading for that day.

Because you have.

Four different trading styles you have, and I use well pretty much all four. So you have the first training style, which is called scalping. So scalping is more so well like a scalp surgeon pinpoint movements and short little movements.

And those are like in and out. You you gotta be really quick.

You do have to have patience as well with scalping, So scalping is born, like I said, pinpoint movements, So it depends if I'm doing scalping, I might go in the money. However, you also have day trading, which is similar but not the same as scalping. Day trading you can, instead of those pinpoint movements where you're making like four hundred dollars in two minutes, trading might make five thousand dollars in about not even ten to twenty, but like

To continuously making money. But you have to be careful on what companies you choose because you.

Will have out those companies that might dip during a certain point because of whatever reason. So you do have to pay attention to the news and you do have to watch your positions as well. Like I said, you got to pay attention, like this is not something you can just what may one trade and just leave it for forever.

Can you walk us through your risk to reward ratio? So are you risking ten percent to make one hundred or what race you are are you using when you're setting up your swing trades.

So when I'm setting up on my swing trades, I typically.

Won't like I don't like to lose more than about twenty five percent.

However I will lose.

I will be willing to risk twenty five percent if I can make at least fifty percent.

Okay, Christian, I got a quick question. So are you making puts as well? What's your strategy on that?

Yeah, use puts as well. I don't use them as much, but I do use them. And I would say an example of put to a big what was it? The company six Flags? Y'all know that's a yeah, the amusement part actually on publicly. So I remember one thing I did with six Flags. I remember the first year, I want to say, discovered them.

I saw them.

This was also during the summer, and six Flags at the time, this was about two years ago.

Six Flags was.

Going up because I believe they came out with a new Batman ride or something, and everybody what was doing at six Flags, So they jumped about twenty dollars.

So I made money off of calls.

And then, of course, since since Flags is a seasonal company. They began slowly dropping as the months went on August, September, October. So knowing this and knowing this from the first year because I didn't figure out that pattern before, but knowing this next year in twenty nineteen, I did see this pattern and saw that six Flags who was gonna have that well great summer again and.

Then they were going to slowly drip down.

So I decided to do a swing tray put on it and make some money that way.

So and put foot well YouTube YouTube if you could take a minute and like this video was twenty three hundred people. I think that's a record for us. But if you don't, if you don't appreciate it, if you don't like this video, it says a lot about your character already, this one. Yeah, you gotta come on, you gotta like it. You got That's the least you can

So as far as how I do my calls and puts, I more so do my well, I do do kind of both ways, Like as far as long term, I might do calls occasionally, but for the most part, I use well puts for the long term, why not even long term, but more so midterm on those companies that I know sucked.

On our trash and I'm getting at a good entry point.

And then I use calls more so consistently and more so yeah for short term, especially on with scoupling the day journey.

Christian really quick.

So are you making options on individual stocks.

Or do you do ETFs as well?

I do individual stocks.

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