 Welcome to the After Hours podcast, hosted by Harry Haas and James Friedlender, presented by My Investing Club. What's going on guys? We're back with another episode of the After Hours podcast. Today we're gonna kind of do something similar to what we did last week, get more of like a free talk. No real set topics, just kind of gonna see how it flows. So we'll go from there. So Harry, what are you doing this weekend? Well, I was gonna go out tonight because I never really got to celebrate my girlfriends, or not my girlfriends. I'd never got to celebrate my birthday. So I was gonna go out tonight, and get a nice steak, but she's sick, maybe with like COVID or something like that, like Ram too, I don't really know. So probably just gonna chill. Everyone I know has gotten COVID now like two or three times. It's insane. Like it's so stupid. I just feel like at this point, it's like, again, it's like most people, or some people don't even have symptoms. Like they're just kind of like, you know, just stuff you know isn't cool, but some people are getting knocked on their ass. Like my parents got pretty sick. You know, they were down and out for a bit. Dude, I don't know what's going on in Canada, but I feel like you guys have also just had it so much. Yeah, I got it. Like I thought I had it a couple of times, but I didn't and then I got it and then I kind of got it again. Like, so I've had it like almost two times because a guy who lived with my girlfriend's family, he got it and gave it to us, but my girlfriend's family didn't get it. My girlfriend's family got it from someone else and then we got that again. So kind of like pretty close to like two times, but I mean, it is what it is and just got it fucking rolling. It's kind of funny. Like I guess we can kind of like transition this into like the markets a little bit, but it's kind of funny how like the longest time, you know, like that was like the biggest like market mover and like with the overall like spy and indexes and just everything. Now it's kind of like COVID's like the forgotten, the stepchild, like no one even talks about it anymore in the news. Like there's so much other crazy shit going on. That's like, I don't know, but I don't know. I know we were talking a little bit the other day. Like you kind of have started to feel like we found at least a short-term bottom. Yeah, I think so. Yeah, what makes you think that? I mean, for me, just like, I've been like, I had a bunch of, I've been kind of like feeling it for a while because like we've gotten like massive, massive kind of panic, Bitcoin, 20K couldn't really break below that kind of 20K number. So I was like, all right. And then also with the overall markets, I found like the markets are really kind of forward looking and you know, I just feel like everyone kind of knows what's going on now. Everyone knows that the rates are going to be like rising. Everyone kind of understands what's kind of going to happen. Like everyone in their mom is yelling recession. And I really think the only thing, and Alex tweeted this out the other day and I was thinking, you know, I really think, you know, the only thing not putting us in a recession is everyone thinking that we're going into a recession. You know, like- It's kind of like the self-fulfilling, you know, like opposite of what things going to happen or whatever. Yeah, when the masses think one thing's going to happen all at once, usually the opposite happens. So that's the only thing saving this. It's funny, like I was kind of for a long time, I think everybody was expecting that one like capitulation day or like some crazy sell-off day, you know, like a 10% day or something nuts. And that would probably, you know, maybe be the bottom, but I almost feel like kind of what you're saying, like everyone was so scared of a potential recession or of the market crashing that all like the weaker participants like kind of sold already. And we just started to like slowly bleed down. I mean, it doesn't mean that we can't go a hell of a lot lower, but like at least in my long-term stuff, like I've slowly started scaling in. I at least started to, you know, yeah, at least get involved a little bit. I mean, out of my like 100% allocation of cash that I want to use for this, I've only like gone in like 10%. And it's just like small, but and then I want to start seeing us actually get some strength and like holding. Me too, yeah. You know, I think the only thing that concerns me now, mostly it's just that like, honestly, like being a barber, like in talk to people all the time is very interesting. To be depressing, because you hear all the panic and people, but it's interesting, but there's a lot of concern. I mean, there's a lot of people now that kind of feel like this just might be the life we're in for a while. And I think that's the case. I mean, gas isn't going anywhere. The cost of oil is not going down. The food thing, good people. And like, I come from a pretty like nice area, you know, like it's very affluent and such, it's very nice, I enjoy it. But, you know, a lot of people out here are even complaining about the cost of food going on to dinner, the cost is doubled. Going to the grocery store, they call Whole Foods, Whole Check. It's like, you just like everything you buy is just it's expensive. And those are the only things that worry me. Now, does that, now obviously the confusion that people have is the economy is not the stock market. So that doesn't necessarily mean we're heading a lot lower. You know, but I do think like kind of slowly you're going to start seeing less money flow into like more public names. Like I think people are going to slow down their spending because of they're trying to save. And when you see your 401K put in half, you kind of start pulling back. Maybe you don't buy that boat or maybe you don't buy the nice clothes for a season or something like that. So I do think we're going to slowly see it. Yeah, and well, it's funny that you mentioned that because where I live in Canada, what you could do is that when you went to school, you could work and if you put so many hours in, you could basically get EI, which is like Employment Insurance in Canada. I don't know what you guys have there. Yeah, we have unemployment insurance, yeah. So anyway, when you were a student, you could put in all this work and they would pay you out your EI for like 30 weeks or so when you're going to school. So like my girlfriend got like, she was getting like close to like 20 grand Oh wow. when she was going to school and like EI basically, because like you pay into it when you're working and then they kind of like pay you out. But now what they've done is they've canceled that for the students in Canada. Wow. So a lot of my girlfriend's friends who've just went out kind of bought some stuff are like super panicked now because they're like shit. Like, I mean, and they have a right to be panicked, right? I mean, fuck, like everything's doubled in expense. And basically, you know, where we live, like basically, you know, our leader came out and basically said like, because we kind of have like, you guys have like governors in the States and you have like premiers for like where we live. Supreme leader Trudeau. Yeah, yeah. Well, Supreme leader Trudeau was the one who ended up canceling it. Yeah. But you know, our basically, our premier came out and said, well, we have a lot of great jobs here. So kind of get to work. And you know, it's interesting, you know, those kind of comments from the older people, you know, where it's like, oh, we have a lot of great jobs here, get to work. But when you're a student, you know, I mean, what type of jobs are you really getting? You know, like minimum wage, whatever type jobs and that extra 20K, you know, helps a lot. Especially, I mean, where I'm living right now, like the cost of an apartment is like 2K, if you want something like half decent, if you want to live in a shack, sure, we're 100 bucks. But I mean, no one, I wouldn't even feel comfortable living in those types of places. Like so much like violence, the shit goes on. So like, yeah, that's definitely, definitely a problem. And you just, you know, struggle. We don't even get shit like that. Like we get like, there's like, you can basically get like, if you pay into like what's called like unemployment insurance and like, you know, if you're not working, like you can, I know a lot of people who finagle that and whatever to get some money, but it's very small. And same thing here. First of all, most of that money has run out due to COVID. And I think that now, like I'm noticing it with people I know that, I mean, it's a slow kind of bleed into everyday life. You know, when gas, instead of being $50 a week is now $150 a week. Or, you know, when your cost of living has gone up so significantly, a lot of like people I surround myself with, they're getting anxious and they're not really, they don't want to go out. They don't want to do anything. Because again, you know, when you're made, it's not like our salaries went up, right? It's not like the people that have jobs like that are making 50 grand now make 65 grand to make up for this. And the problem is like, that's not changing. You know, I think what I've learned over time is, you know, we've been talking about this for a while that during COVID, there were so many jobs available. Like no one wanted to work because everybody was living a life, you know, enjoying the free money which is causing a lot of these issues, all the money printed and all that shit. And now larger companies, like Tesla just had basically like a 10% layoff. Amazon's doing the same, you know, there's companies doing this all over. And now there's jobs, there's so many people that need jobs because they're realizing like, oh shit, I can't afford my own life. And like that to me is the only the last domino that I worry about with like the stock market itself. Yeah, I definitely agree. Yeah. I was just gonna cut in and say like, yeah, like I feel like social media also has a part to play in this as well, because like you see everyone on social media, it's like Gucci, Louis, you know, I'm traveling this week, I'm not working, I'm an influencer, I'm a this, I'm a that. And that's why like where I live, like those lower paying jobs, which we need like burger paying gas station, they need workers. Of course. No one wants to do these jobs because they're like, oh, I'm better than that. And influencer on social media, I can't do that or this or that. So that puts a strain on the lower paying jobs. And also people are saying, oh, well, I can get money from the government or whatever for a little bit going unemployment. I don't need to appear, you know, but that's the problem is like the lower paying jobs aren't getting filled. And the higher paying jobs are getting cut. So like, where does that leave people, you know? Yeah. When you're working at McDonald's, you can't like afford, you know, a mortgage and a car payment and a supermarket grocery bill like crazy and all these things that pop up, even healthcare in the States, right? Health insurance, you know, all this shit. It's crazy. Then you're right. And honestly, like I feel like, if I could, if I could, I would nuke all social media. I can't stand it. I think it's doing a lot of harm and like damage to people's like understanding of like what life actually is, you know, and it's exactly what you said. It's like, you know, I have like friends that go on and they, like we have people who went to high school and again, they grew up with like a lot of money. Or their success for themselves and, you know, they travel and they have all this nice shit. And like, you know, the people we follow, like the traders who do make a lot of money. I mean, you know, Alex, like one of our best friends, you know, the guy balls out, you know, he lives a sick life. And it's like, sometimes I think people see that and they're like, well, I'm not going to be able to do that working at, you know, Dunkin's or working here. And now it's like, they're just like, fuck it, then I won't work. But, you know, they're just, they'll do whatever they have to kind of get by. But that's a very large trickle down effect for the next 30 years. Because if you're not saving now, like if you're in your 20s or even early 30s and, you know, you're not putting money away, let alone investing that money. But if you're not putting money away, that's a, that's a trouble because we're also running in the States, you know, we have, what's it called? We have social security, you know, so everyone, you know, social security you're putting all this money into. And you know, when you get to a certain age, you know, you kind of get paid out from that. And you get paid out from like your investments, your retirement and all that. But most of the people I know, they're not able now because of the cost, put money away, they can't save. And then if you can't save, you're not putting money into the stock market to eventually work for you and grow. So I don't know where we go from here, you know, I don't even know how they fix that. Yeah, that is definitely a big, big problem. Yeah. And I also think like for me, my mindset's always been like, I do not, like, and I'm not a conspiracy theorist, but I would never want to rely on the government at all. Like social security, you know, any of those, any of those programs, I would never want to rely on the government because what was that thing that we saw the other day? Like social security, like could run out by 20, 30 or something like that in the States. Yeah. Then what? That happens, yeah. I know it's bad. And that's kind of what I, what I worry about, kind of like transitioning it to kind of like crypto and shit. That's what I worry about with crypto. Like I feel like a lot of people were using crypto as like their lifeline, like their, their retirement. I mean, I just, I've talked to a lot of people that treat it that way. They're like, oh, you know, I got, I got 2 million in crypto, you know, and a lot of people probably figured out how to play taxes with it and all this shit. And then, and then look at it now, you know? I mean, I don't, dude, I don't know. I think all those NFL players like I'll pay them crypto or whatever. And it's worth like 50% less. Yeah, like OBJ got paid out, like a million, whatever it was, his bonus in crypto. And it's like, like, was that smart? Like who told them that that was like a good idea, you know? And they're still pumping it, dude. Like you see Brady, like came out with an NFT yesterday and it's like, I don't know, man. Like I, I know, I, we talked to like Tosh a lot about this, but I just, I'm the understanding and I have the belief that like 99% of crypto goes to zero or like practically nothing. I think so too. You know, it won't happen overnight. Bitcoin won't happen overnight. But I think Bitcoin's the biggest Ponzi scheme in history. I really do. I think it will eventually be shown. Of course it will take a long time, but I don't know, man. It's just like, I've never read a crypto, like anything about crypto or any of that shit that really makes me think, wow, this is going to change the world. Like when the NFTs were coming around and people were like, oh, you know, the technology, like eventually they'll be used as concert tickets. I'm like, but why? Like what the fuck do you need that for? Like no one's stealing my damn concert ticket. It's on my email, you know, I'm fine. You know, and when we're seeing it now with like guys, like a lot of those like esports guys and stuff like that, you know, like they, they invested millions and millions of dollars and that was money that they could afford. And now they're down huge. So let alone like think about the average people, you know, that spent fuck tons of their retirement, fuck tons of their money and now they're down 75% of it. It's, it's awful. Yeah. And I also think that like, I think with Bitcoin, like, it's just like the head of the snake, right? It's, it's going to be that, I really do think that so many institutions have now kind of like bought into this and have their clients in it that they're not just going to let Bitcoin die. But it's going to be the same thing with NFTs too, right? There's going to be a couple of main collections that stick around and hold their value, just kind of like Bitcoin. And like, like what are the big names that we all know? Like it's just like in small caps too, like when I'm looking to long something, I'm like, okay, what are the tickers that everyone's paying attention to? Right? Like RDBX, like that was a big runner. People were paying attention to, people kind of love that one. So that was one that I would keep on watch a little bit longer as far as like multi-day stuff because, you know, everyone is paying attention to it. Like what are the tickers that are not dying and just sticking around? Like almost like V-root too. Like that's the name that we can both roll off or comes. And as for a long trader, like that stuff that I like because it has that kind of cult following, that staying power, those V-root homies, just like GME and AMC, right? So I think Bitcoin has that kind of cult. I think a lot of people underestimate the Bitcoin cult, you know, and it's just the same thing as stock trading, right? People believe in this cult, they make friends in this cult and they're willing to put every last diamond in it. So that is something good that like Bitcoin and Ethereum and a couple of tickers have. But as far as the ones that are not that popular, like people are messaging me these random tokens, like even Doge, like Doge is going to have some type of staying power. It's going to stick around. It may not go to 50, but it's going to stick around, right? No, these people have lifelines. Yeah, it's the stuff that people know about that I think will stick around and not die completely and go to zero. Like despite, it's just like, you know, despite how bad some of these companies are in trading, like what was the ticker that went fucking bankrupt and still shot up, you know? Oh, it hurts. It's easy. Yeah, like once you get these cult mentalities, anything can happen. So I think that is something good that that has gone for it as well. And I think over on market, like everyone is saying these fucking random low ass numbers, it never ends up getting there. Even in COVID, everyone was saying that we were entering a crazy depression. I feel like what people thought we were going to enter into in COVID is like kind of happening now. So like it took a while and a couple quarters to kind of develop because obviously you can't get away with printing that much money and not having some inflation. And obviously there's the oil situation. Like everything's just kind of happening at once, which is really hitting people. But also I think that like, you know, I think like it'll be a domino effect. First thing to go is going to be the stock market then we're probably gonna see housing prices, you know, take a bit of a hit and then, you know, we'll see a couple other assets and then it'll just go one by one cycling through. But I don't know if we're gonna get a full on recession where everything happens at once. Like if we had right now the market crashing, housing prices crashing, everything just crashing, everyone's assets crashing. It'd be a depression. That would be really, really bad. But I think if we can kind of get away with, okay, the market crashed but now the market's starting to go up. Okay, but housing is crashing now. Okay, well the market's starting to kind of go up. It's giving people a bit of like relief. And that's kind of like, if we could kind of run that type of cycle I think everyone will be okay. But if we all go at once, you know, that would really make trouble. That would crush it, but I guess my big, I have like two kind of like, I have my bear case for Bitcoin in general is, you know, when you talk to people about it, a lot of them, they're treating it like they're treating the indexes. Like people, like most people I know who aren't into stock picking, right? They invest most of their money into indexes, boo, spy, whatever. And you know as boo and spy are coming down, you could pretty much auto buy and this is just historically, you could auto buy for the rest of your life and come out okay. You know, like I mean, I was still buying boo and spy when I invest in boo, but I was still buying that when we were at the highs as I'm still buying it or at the lows. You know, I mean, that's exactly what's gonna happen. But Bitcoin, people are treating it that way when they're like, oh, we're buying the dip. We're buying the dip. How much can you average down before you're like, it's nothing. Before you're just screwed and there's no history to prove that Bitcoin. Yeah, what? We've had a couple little crypto winters they call it and sure it's bounced back, but what's gonna happen at the time? It just doesn't, you know? There's no history to prove it. And that's why I've kind of stayed clear of investing in it myself because I'm like- Yeah, me too. There's just not, it's not there. And to kind of touch on your, like with session point, I think the biggest thing, and I guess this is where I guess one benefit maybe the internet and social media it might be, the only reason that we haven't gone into like full on crisis panic mode sometimes I feel like is because there is social media and people can see, you know, like others and like what's going on in the world. Whereas like, you know, if you think about the past, like in, oh wait, like after everything went, like the normal people were like the last to figure out about it. You know what I mean? Like no one found out about like stocks crashing until it just happened. Banks and all this kind of new before us. But now it's like, now we have so much access to financial knowledge like through Twitter, through whatever that we know when things are coming. We know how bad things can get. So I think like even the average person can kind of like take control of their own like destiny here with like the retirements and all that. And that's why I think we had this little downturn. And again, I know, I know a lot of people who think we're going to have this like a depression. And I just think it's, in my opinion is that it's going to just be a long time shitty economy, like for a bit. Yeah, I think so too. Yeah, I mean, we'll see, we'll see come winter how things change. I think people aren't really talking about yet how, you know, there's going to be people having to choose between putting oil into their house to heat it versus buying food. Cause, you know, the cost and like, you know, average thing. That's another thing, like food also. Yeah. If food skyrockets, that will be definitely a problem. It'll crush people, you know, but we'll see. I guess I want to, I like timestamping these and seeing where we are. And then that way we can come back and listen. We're either going to be, we're either going to be right or it's, you know, going to go in the complete opposite way. But, you know, it's funny though, through all of this crap going on right now, the small cap market has actually been like heating up like really nicely. And I don't know if that's from Bitcoin collapsing and like a lot of the crypto guys are like, shit, I'm not making money. There's no momentum in crypto. Let's go back to small caps. Like, I don't know what it is. Like, what do you think? Well, I think, I saw a tweet about this the other night. Like people know that their brokerage accounts are not, that like you can always take money in and out of your brokerage account. There's never going to be a broker that just flips the switch, not now anyway. I think there has been one in the past that did a little bit. Sure, trader. Yeah, yeah, yeah. But yeah, I didn't want to go ahead and say that one, but I think people are realizing that there is a little bit more security. Well, there's a lot more security as far as like stocks go. Like, sure, we had a day where Robinhood halted trading for one day. Sure, we had, you know, a couple of little incidents like that, but we're not full on saying, okay, you're limiting your withdrawals. You can't withdraw any money or the end of time till we feel like it's getting better. Right? Like we're not here in that. So I think that gives a little bit of security too. Also, you know, stocks are on fire, but I also feel like once we see small caps running like this again, we have found a bit of a bottom as far as the overall market, right? I mean, to me, that's a good sign, right? It's just like in COVID when we were going up and up and up and up and up, right? Now that we're starting to kind of get that bottom, I feel like we're going to, you know, be back up again. And to me, like, I kind of like, I'm not really the biggest static guide just because I feel like the same shit happens every day. Yeah. You know, like, I mean, it's okay. Like if you are like a data person, there's like maybe three people that make really big money from it. And then there's some other guys who like do okay in the middle, but like a lot of new traders, if you're just thinking that you're going to have this like magic system or whatever, I think that that's pretty naive. But I mean, also, because like to me, like the same things happen every single day, the same patterns repeat every single day. There's no need for me to want that extra security. I feel like the system people just can't accept the risk yet that trading has. And if you're just like, okay, I'm going to play the odds every day. And I'm going to, you know, I'm going to say, okay, like this is where I should be buying on these certain types of stocks. This is where I should be selling on these certain types of stocks. You will be okay, but some people who are emotional get chopped up in the middle that really kind of take a beating. And that's why like, you know, a lot of those people end up not doing so well just because like they're not patient enough to wait for the right entries. They're not patient enough to wait for the right exits. And, you know, so I think like definitely a lot of those system guys that just can't accept the risk yet, which, you know, it will come eventually, but now I think those guys are going to have a really, really hard time going forward. Like people are like, oh, it's winter for our system traders, like not a brawl. Like this is just how it is. Like, you know, like not every stock fades every single day. Yep. Well, I think the problem with like system traders you've been doing a lot of like that type of stuff too. I don't mean to like shit talk you. No, no, no, I'll kind of explain. But like, you know, I think there's a difference between, the problem is this idea of system trading has gotten lumped in. It's like a giant category because of like Twitter, right? Like you see the guys who like, they claim they have this like system that they enter and they hold for a fade or it's going to do this, it's going to do that. And I just find that 99% of those guys, then because I've talked to a lot of them, it's just bullshit. And a lot of them are just products of like a really lucky market, you know, and that's the thing. But, you know, like the guys I traded with, the guy I traded with Bear and Tyler, you know, like, I mean, we're changing and adapting like every single day. Like, and like we're taking in like plays and stuff. And like we've developed like a system that works for us as far as like the changing markets and stuff. But the problem is with these system guys is they refuse to change. And if you don't change, like I personally think that a lot of people thought that the COVID market was like, that's just, because stocks, stocks ran like crazy, right? Maybe you take a few cuts on the way up, but they were up like multiple dollars. And then you could just kind of, you get in a good entry and you hold all day. And yeah, it fucking made you out here. I mean, we see it, we see guys making good money. But nowadays, dude, we've had to adapt so much because if that, dude, the market is not the same way. These stocks fucking grind, they rip out of nowhere. You know, they do this, they do that. And it's like, if you treat it the same every single day, you're screwed. And I think that 99% of the system guys, probably blew up, you know, or are in a significant drawdown, which again, I've experienced drawdowns because if you have a system, it's not gonna work every single day. And it might not work every single month. And that's like a lesson that people have to learn is that sometimes you just have to either not trade or develop other strategies to work while that time isn't, you know, like we do swing trading as well. It just so happened that our swings started to correlate with the bear market, you know? Swinging in the fucking bear market. I know. While you keep balling Maggie on this fucking yacht, not even trading. I know, and the guys live in the life and we're like, didn't that just start signal? You know, it's like, we can't do that right now. We can't do it right now. But normal market times, sure, maybe our strategy isn't really working that great. Now we can focus on swings or we can focus on this or that, whatever. And that's the reality, dude. But a lot of these guys, I got a DM the other day, it's guys like, oh, how do you handle a drawdown? You know, and it's like, dude, if you don't have a system in place for a drawdown, then like it's gonna, you'll just, you'll blow up. Like every dollar you make, you're gonna lose it all. You know, like we do, you know, as our P&L goes up, we risk more as our P&L goes down, we risk less. And you know, I just think people need to understand like, I don't know, Harry, have you ever had the kind of like a losing period? Like I don't know. Yeah, for sure. Yeah, we never really talked much about it, I suppose. Yeah, like, I guess like, see, it's never been like too, too bad, that's the thing. The only losing period that I can really remember was when I tweeted, like, I mean, like actual bad losing period was when I transitioned from first bounce to kind of what I'm doing now. That was a little fucking rough, I gotta say. Yeah. Because first bounces didn't really work that well. So I had to transition. And you like, I didn't take big losses because I like to manage it super well where I'm like, okay, I'm gonna risk 10 cents, 20 cents at the set plan. This is it, if I'm wrong, I'm fucking wrong, that's it. And so I was wrong a lot when I started first kind of transitioning into what I'm kind of doing now with just kind of trying to get a good average on a lot of these hot checks, you know, set the rip, whatever. But yeah, and I remember I was also with that because I saw Dom's podcast on Be the Story or whatever when he was transitioning to Listed and he mentioned me too. Like where, you know, I was in kind of like a drawdown period of like coming in, like taking some Ls but it takes time to learn, you know? Going from first bounce to like a long type of, not necessarily system but like a long just trading listed loans is very, very difficult, right? You have everything coming at you. It's not like you have to pay a borrow fee. You have access to trade every single ticker on the long side. So how do you differentiate between tickers that run and tickers that don't, right? And also, how do you manage your expectations for yourselves, right? And a lot of it comes down to what you say. You have to adapt every single day and you have to say, what type of market are we in right fucking now? Are we in a fading market, right? Are we in a type of situation where it should just fades every day, right? You know, you cannot always automatically assume that we're going to be in a strong market. And that's what I was talking about. Like now we're in a stronger market. Like I don't know if you've seen my cells recently but like, you know, on BHAT, I was like, okay, I can hold this a little bit longer past the 50s, right? We're doing a middle fucking minute. And it still went past your cell and you usually sell tops pretty well. Yeah, I usually sell tops pretty well. Like I've been, the last two days I've been like, you know, well obviously on TBLT or whatever, you know, I just sold highs because it was really starting to struggle up there. It ended up going to four. Four was my target on it. But, you know, I sold like up in 350, 360. That's fine. You know, same with the BHAT, about 112 sold into 70. You're not gonna nail every top. Yeah. No, exactly. How do you adjust yourself on a losing period? Cause you're obviously like more discretionary and like you, you know, you just, you kind of deem whatever size you're gonna use based on day to day, I suppose. So how do you change that? When you notice something's not working, you know, how do you adjust yourself personally? Well, for me, I'm just saying, okay, like a lot of the times I'm kind of like using set size per market conditions. So if I feel the market hasn't been that great, I will size down significantly. If I feel the market's hot, then I'm gonna start to like size up and get super, super aggressive. Because like as a long crater, you have to cause you never know when shit's gonna start dying again. So you gotta take the fucking grass on the screen and you gotta size up aggressively and be willing to do that. And also as far as just like day to day targets, like obviously this was a really strong week. So I'm going to push myself to hold a bit past high of day, right? And maybe as far as like lines go, maybe I can get away with taking some inner lines rather than like every lines. And as far as kind of fades go, it's really saying, okay, you know, like I took a small cut on bad yesterday that I posted. You know, it was 20 cent loss or whatever, 15 or so cent loss. But I thought like after I looked at it, I was like, okay, this was day two, probably shouldn't have taken it, whatever. But day twos had kind of been decently hot. That was your thing. That was your thing for like three months. Yeah, like day two gap ups had been like decently hot. So I think I was right to take that trade, just didn't work, ended up fading, which is fine. Every system trader on Twitter is like, perfect executing this thing, bro. I'm like, man, the shit fucking faded all day. Free money set up, bro. I'm like, oh my fucking god. See, that's why I thought like again, and this is someone who traded it the day before. A broken clock can be fucking right twice a day. You need to fucking remember that. I know, it's like, again, and this is what I think is so hilarious also about like the idea of system trading. And like, so if anyone's ever interested in that concept, like this is very important. You will lose so fucking much and you can never like beat your chest on the wins. Because like your wins, yes, when it happens, great money, it like supersedes the loss, it's huge and like X, Y, Z, blah, blah. But you lose a lot. Like BHAT, I'm pretty sure, faded most of the day and then just ripped out of nowhere. Or something like that was day one. That could have been another one of the other tickers, but like that happens all the time. So like, if you're just looking for these, like dude, it's so true though, you know, you get one stock that finally just collapses and it's like, bro, where were you yesterday? Where were you yesterday when this thing fucking ripped over by a day and fucked you over, you know? So it's not as easy as people make it out to be. And honestly, I think it's, that's why people mess with me all the time. Like, oh, you know, should I do this? I'm like, dude, probably not. Like it's fucking, it's terrible. You know, it can be terrible. So it's just funny, but I'm glad to see a small capture like starting to come back. I'm glad to see, we're actually starting to like see momentum shifts and there's place for both longs and shorts, whereas like a month ago, we were talking, dude, the market was terrible. It was like, there was barely any opportunity. Like, I feel like you were barely even wanting to show up and nature was high. I was like, I don't wanna fucking be here, but yeah. I wasn't going to go out. Yeah, we went through a small period where I wasn't really winning big. You know, I was making money every day, but I wasn't necessarily winning big. I wasn't losing big either. It was kind of like a little bit of a chop. Now I feel like this type of market is where I excel and going to size up completely until the market tells me otherwise. Like, we haven't seen a stock open up and just fade all day for a while. No, no, it's been a bit. I mean, that's why I think a lot of short sellers have to kind of adjust to that because these stocks aren't weak right now. And if you hold on all day, man, like you're gonna get fucking bombarded. You know, I, yeah. I think the summer could have the potential to be hot because crypto's down. A lot of people are like, oh, I'm gonna go back to small caps. I'm gonna try and make money at small caps. It could be a fucking nasty summer. It could be a fucking sick one for me. Yeah, oh, for sure. You know, so I'm definitely, and I hope they're all small cap shorts, you know? Hopefully. Yeah. I mean, you need the guys, man. You want the guys that are trying to fucking, you know, hold and all that shit because they're the ones that create these like monster squeezes as it is. Yeah, exactly. It's funny, but yeah. I mean, it's quite a good time to see where we're at. What'd you think of the live trading on Wednesday? No, it was sick. Yeah, I think I was, it's funny, I was actually working, but I like put an air pod in and was like watching and listening at the same time, which is probably not great, but I just wanted to watch this shit, but I think a lot of people, the best part about it was the amount of like trolls and stuff that were like trolling Alex and Bob and like, well, like they were a little red and like shit was going on. And then like, all of a sudden like Alex is up 20K and like, you know, everyone's just logged off. Everyone's like, I thought, you know, it's like, it's over, you know, and it's something that I took away from that. And this is something that as like someone who is discretion like Alex, like that trading style, people need to understand, like you have to be comfortable with the, I don't want to say P&L swings because that's not what it is. Like Alex, the way people just see the big numbers and they get flustered. So that's the dumb shit is people see like, he's down eight grand and oh my God, but to Alex eight grand is like fucking a Desani water bottle, you know what I mean? He doesn't give a fuck. So it's like in terms of your own account, like he said it, he's like, I'm playing the chart. I'm not playing my P&L. He's like, my P&L could be down this step. The other thing is like, if the chart tells me I'm wrong, then I'm wrong and I'll get out. If it tells me I'm right, I look and I'm green. You know, so I think people need to take that away and just start stopping so like tight with everything. There stops, there's something about the money aspect as much as possible. And then you realize trading goes a lot easier. It was interesting because I was along that ticker actually in the morning that Alex was trading and I was listening to him and I was like, like it wasn't that I disagreed with anything. It was just for me, I was like, okay, I'm gonna hold to my target, right? You know, so it was interesting cause like obviously I sold into nine and I never thought that he was wrong either. Like that was what was interesting. I was like, yeah, I see that, but I just held to my target because that was kind of what I had planned for. And I was like, I told myself going into it, like I wanted to listen to the webinar, but I was going to stick to my own plan because a lot of people like I didn't want like, cause Alex was like, you know, don't follow me, don't whatever. So I was like, you know what? I think that this can hit nine today, which they all warned for as well. They're all warned that that could hit nine, right? So I was like, okay, like I even wrote in the chat, like I think this can hit nine, that's my plan. That's how I kind of see it. It hit nine, it ended up going a little bit higher, but I sold into nine cause that was my plan, that was my target, right? But it was interesting, you know, kind of seeing the way that they think. And I never disagreed with anything. I was just like, oh, I'm going to hold to my target. You know, if they end up stuffing me, if this ends up going completely lower, I knew it was like highly, highly manipulated. I knew it was like a highly, highly fucking, you know, crazy ticket. So I just held to my target. And the thing is was like, like, I never really thought it was very, very interesting for me cause I was like, he's right, you know? Like he's like, there's stuff there. I'm like, yep, he's definitely right. I just thought that we could fucking hit nine and we ended up hitting nine and then maybe going a little bit higher. Did we go close to like nine, 50 and then nine? Yeah, nine, 40 or something was the top, I think. Yeah, they just ended up blowing everyone out. But Alex, I thought what was smart for Alex was he was like, okay, I'm going to use the set size. I have set risk. I have set, you know, everything. He also nailed all the fucking sidechips too. Like no one even paid attention to those fucking sidechips that he nailed. Everyone was focused on the object, you know? Go figure, right? I mean- Dude, there's two sides to every trade. And I think that that shows a lot of trade or maturity in you is that like, you know, if there's someone who's as smart and like talented as Alex and Bao and you're still able to stick to your plan and like, dude, that's 99% of people's problems is they listen to others and they get influenced by others and then they stick to that, they don't stick to their plan that would have worked originally. Like imagine if you bailed on that. I would have been so pissed. Of course, you know, if you were like, oh, Alex is short, I got to get out. Like just because someone is short doesn't mean that his trade's not going to work. It doesn't mean that a long trader is not going to work. You know, it's just, that's impressive that you can do that because it's hard. I was trying to like, I always, because when I'm in a trade, I always try to understand like what someone else's thesis would be. Like if I be like, and I was looking to short, like what would my thesis be, right? If we're at fucking, you know, high a day, right? What would my thesis be to short there, right? What would I be wanting to see for me to get in short there, right? If we're at, you know, above high a day, if we're going into 950 and we don't clearly break above 950, okay. Well, that is something that I would look for as well. So I never really thought Alex was wrong. I was like, he's right here, right? You know, like, I'm like, okay, like, yes, that's valid. Yes, that's valid. That's what I was thinking in my head too. I just had that nine target. So I was willing to kind of sit through that to let things kind of play out, right? You know, so it was interesting because like everything he saw was like, yes, that is exactly fucking correct. It may fade from here, but I had accepted my risk. And that was the crucial thing that I had done was I was listening to him and I was like, if he's right in a tax, that is great for him. You know, I had accepted my loss early on on that type of thicker. And it's funny when we see these whole numbers looming above the top of the chart. They always fucking find a way to make the stop, get there and stop everyone out, you know? Yup, 100%. It's funny, like if you see 350 above high a day, they find a way to fucking bring it there. It was just like Jan that day. I saw five bucks and I was like, I think Jan can fucking get to five, you know? So I went, I got a very, very good average on Jan. Dinged around in between, got to five, I sold out and do you remember that day? It just stopped all the way down. It was just looming up there. It was just chilling. I was like, okay, this is potential for five, high day, whatever, we got the volume and it worked. And you know, you just kind of stick to your fucking targets. Like people are like, man, like what, what did you see down there? What did you see down there? I'm like, bro, I just thought that it could get to fucking five. I don't know how. I literally told some people that, like, I don't know how, that was just my target on the fucking dinner, right? Yup. I'm gonna hold. And when things don't go my way, I'm gonna cut immediately. Yup, that's, that's trading in a nutshell, right? It's like, it's so funny. It's such a simple idea, but like, again, 90% of people can't fucking do it because they just, their minds are so heavily influenced and like, that's kind of why, once I get in a position, dude, it's like, all right, I set my stop and I kind of leave. Like, I don't need to sit there because I don't want to watch it because it's like the same thing as like getting lost in like tape, right? Like, like obviously there's a, there's a mastering and an artist where you're like reading tape and all that shit, but a lot of times you just confuse yourself and then you fuck up your own plan. Like the amount of times I see a massive buyer pop up just to like be fake or just so whatever. It's like, if I changed my plan, according to every time I saw a buyer or a seller, honestly, I'd be, I would have no success with trading. I would literally be fucked. Everybody. How many times do you see a buyer drop lower, lower, lower? It was just like on bat, there were buyers every time the stock bounced, it just kept fucking going lower, right? Probably towards covering. Yeah, 100% dude, 100%. But like we said, I'm just glad the market's kind of back and we'll have a lot more to talk about week to week and we can talk about some trades and. Yeah, and we might bring some fucking people on to talk about it with us. Just more people, not even necessarily, you know, like we can just talk to fucking everyone and just do something like that, like run some shit like that, you know? Oh yeah. So if any guests ever do wanna come on, you know, DM, Harry or I, we can set something up if you wanna come learn. If you have questions, if you wanna just talk about, you know, market and stuff going on, please let us know. I feel like everyone feels like they have to be like this system millionaire and whatever. But like for us, like it's fine. Like we talk to regular fucking members every single day. We talk to everyone every single day. You know, if you wanna come on here and be anonymous and, you know, set your name or whatever and don't wanna talk and don't wanna fucking show your face, like that's fucking fine too, you know? Like we're just trying to, we're just trying to make things as like entertaining but also educational, like to try to find that balance, something that you can, you know, chill and listen to in the car. But like we're not like pull up chart to ABCD here at section one dash two. Like we do it. Nothing like that, you know? 100%. So, all right, cool. Well, thank you guys. We will be back with another episode soon and we'll see you then. All right, see ya.