The following program is intended for mature audiences and may cause cancer in at-risk populations.
Fewer discretion is advised.
This program is intended for mature audiences and may cause cancer in at-risk populations.
Oh, welcome to Untitled Podcast, Episode 73.
Oh, what up?
We got the chees- this song is called Cheese Touch.
What's it called? Cheese Touch?
Like money?
Yeah, like, I'm touching bread, I got the cheese touch.
Hell yeah.
I'm here with Dan.
Yeah, we got some flakes today.
Damn, so, this could be the stock of the show.
It was a rough day today.
Today was a, dude, I'll tell ya, the market took its pound of flesh today, man.
It took half of my gains.
Hell yeah, how do you turn it around after that?
How do you turn it around?
Dude, you just go beggar.
You take more risks.
I gotta win it all back now.
I just saw this post on Reddit that was like, I lost 60k total in stocks.
They had like the chart up and they lost 60k over a year in stocks.
They were down to $400 and the others were like, I'm done.
Day trading.
People were like, what am I doing? What did I do wrong? What should I do?
And they're like, stop trading.
Just stop.
Dude, 60,000?
Yeah, 60,000.
And he's down to $400.
$400 in his savings, everything.
In his, I don't know how much he has in savings.
I mean, dude, it depends on what he's worth.
If that guy's worth like a half a million, fuck it.
I mean, you might as well play around and try and turn it into something.
I also saw one that was like somebody invested probably half a million in Nvidia.
And it doubled over like a day or something.
They got $491,000 that day.
Holy shit.
When was this?
Oh, just this week, Nvidia.
Yeah, recently.
This week or last week.
From what to what?
It's around like a dollar now, but people are saying a dollar, not a dollar.
Maybe it's a hundred dollars, but people are going to, or no, it's no, it's 1030.
1030, okay. Yeah, that makes sense.
Because it was 800 last time I checked.
So they're saying it's going to keep going up like exponentially.
Like it's worth more than Amazon and Tesla combined right now.
Yeah, because dude, the entire future depends on Nvidia.
I don't even know what Nvidia is.
So Nvidia is a graphics card company.
So you used to see like, I mean, all the graphics cards even today, but not all of them.
AMD makes them, but mostly they're Nvidia, right?
So even if they're a different company, they have like the Nvidia chipset in them.
So, or the Nvidia GPU.
For computers or phones?
For just like graphics cards, like on a computer.
Oh.
So the thing is, is that graphics cards, they run so much data that they're really good at computing.
Better than like a CPU would be for like just running like data, right?
Like a CPU is better at like different tasks than just running like math equations, right?
Yeah.
So every Tesla has a $10,000 GPU in it.
So that's like, I think GPU stands for graphics processing unit.
Yeah.
So that sounds weird that they have a graphics card in them, but that's because-
So Nvidia makes the graphics cards?
They make graphics cards. Yeah. That's their specialty.
So every Tesla has a $10,000 Nvidia GPU in it.
So I watched on that channel, Linus Tech. You know who he is?
No.
Oh, he's like this like IT nerd.
They tried to like use one of those to like run like a video game and it doesn't really work.
So it's more just made for just running just math, but it can do so much of it.
It's like, it's insane. So you need that for AI because the Teslas use AI to drive.
So they have to interpret the, you know, the incoming images.
I was actually reading how much AI driving would prevent accidents and deaths in car crashes.
You know what they say, it would, right?
Yeah. They said it would like prevent like 90,000 injuries or crashes or something.
Of course. Because like people are going to be on their phones.
I don't know if I believe that though, because what if like, what if the AI like causes the crash, you know?
Like what if two AI's crashed into each other? Whose fault is it?
Well, it's not going to happen.
It's just like, dude, it's people, people are so, I know we talked about this on the last episode,
but there's so many external factors for human beings.
Like, so what medications are they on? What's going on in their personal life?
What pre-existing conditions do they have? Like, are they just fucking one in the one in 10?
You know, they're just, and this is somehow they got their driver's license.
The AI just takes that right out of the equation. All that stuff. Gone.
Yeah. But can an AI like identify that there's like a little like bump in the road from the construction sign and that-
Can a human do that?
Yeah. If you're paying attention to the road.
If you're paying attention, which most people are, you know?
Yeah. No, it's just, dude, it's going to be astronomically better.
Even if it does kill people, it's like people are going to kill people.
So you might as well just let it.
It shouldn't have to be like required though. I still want to drive.
Like I still feel like I'm a better driver than like 90% of the people.
Yeah. I mean-
If you're a good driver, you should be able to-
You're not going to be better than AI.
There's just, you don't have eyes in the back of your head. It can interpret so much data at once.
You can't even, you can't even wrap your head around it.
Yeah. But I get motion sick when I'm not driving. So they can't really require people.
No, I mean, I think eventually, I think that the governments are going to be very on board with making self-driving like possible.
They're going to make it like very easy for companies to do that.
You know, they're, they're just, they're going to facilitate that because they, they want people to one, they want, they don't want people to have any control of their own.
If they can, can just, if they can just like have people like not have any freedom.
I know I sent you that message, right? I can't, I can't day trade because I can't trade until like the funds are cleared on Robinhood.
Right.
Or settled or something. And it's because they want to like prevent people from losing money, too much money or something.
But the government's essentially restrict, restricting your day trading if you have under $25,000 in your account.
Right. Unless you switch to, okay. So the thing is, is I think that's if you're on a margin account, I don't really know the details of it.
Well, I switched to a cash account.
Oh, you did.
And so I'm able to trade, but I can't get my funds for like two days after.
Oh, I see what's happening. All right. So if say you have like seven grand to Tesla and it bounces up and you sell it.
I just sold Tesla. I couldn't get the money for a day or two.
Right. So what they let you do in Robinhood is once you sell it, the money's instantly available so you can make other trades.
Only on a margin account though.
Right.
Yeah. Not a cash account.
Right.
But on a margin account, you can't make any date. Like you can only make like four day trades a week.
Right. You know, I see where they're coming from, you know, kind of. Right. Because.
What are they doing? Like.
So they're saying that they don't want.
They don't want people to just take a loan and then just. Well, I understand if it was a loan, they wouldn't want you to just put it on some penny stock and lose all their money.
But if it's your own money, like people are allowed to gamble like a limited amount of times. Right.
Right.
So.
I think also is they want you to keep your money in the market so you can lose it.
That's the other thing. They don't want people to just pull out of the market.
They want us to make money and then lose it all.
Well, they want. They want your money locked in the market.
Right.
It's like you go to grab it and they like slap your hand and grab your wrist and say, no, don't touch it.
Like today when I was trying to. I was trying to. Tesla was hemorrhaging.
Right. I know I sold it.
And I. I. Because I bought back in at one hundred and one hundred seventy five dollars.
Right. Yeah.
And it kept going down below that.
And I was like, fuck, dude, I don't know how much is going to drop because all my stocks were dropping all across the board.
That's what's happened to me right now. I got Barnes and Noble.
I bought it at eighty seven cents. It's down to sixty one.
How much money did you put on it?
Oh, not much. I think a hundred. But I put five hundred on G wave green wave technology solutions.
Yeah. That was that.
That's twelve cents. And now it's down to eight cents going down.
I was like, shit, this is going up a lot. And then it's just like it's like a gamble, you know.
But I hold on. But essentially, right, the strategy is to hold on to it until you profit off of it and then sell it.
Yeah, I mean, that's right.
Right. And that's what you generally want to do.
You know, you don't want to hold on to it until it's like worthless.
That would be a very good strategy.
Well, you don't know, right? You don't know if it's going to be worthless or if the stock's going to just keep increasing like McDonald's.
Right. Well, today, McDonald's didn't increase.
They hit like a low for a long time, like a few months low.
So you're saying that McDonald's has made it through every recession?
Yeah. If you go back and look at the charts for McDonald's, it just goes boop, boop, boop, boop, boop, boop.
Just keep going up. Yeah, because that's like the fastest, like the cheapest thing to eat for people.
Right. Right. Recession proof.
Yeah. That's just a bomb proof stock.
It's like now McDonald's is in so many other countries like they're in like every country in the world.
Right. So it's just going to keep going on from that.
Yeah, dude, it's I mean, I would rather have my money like if something was going on with like the dollar, I would rather have my money in McDonald's than stocks.
Yeah, I'd rather have stock in McDonald's than cash reserves.
You know what I mean?
The shitty thing is that the only thing you could trade those stocks for is cash.
You know, you can't trade it for like actual food.
That'd be dope if you could be like I want I want this payout in McDonald's.
I guess you could go to the grocery store and be like, hey, you want to take like a share of Tesla for this for these groceries?
Dude, there might be something like that where you can sell partial shares.
Yeah. And then you sell it to like the cashier.
Like that Robin Hood credit card?
I don't know about that.
I wonder if they let you borrow against your your shares.
But margin trading is fucking risky.
I mean, it is today.
It was risky. Jesus.
I lost nine hundred today.
Oh, my God.
Nine hundred bucks.
What? Oh, and everything.
Bread. It fucked me.
Read it. Read it owes me like six hundred dollars.
McDonald's owes me like two hundred fifty dollars.
See, here's how I look at it with McDonald's.
It's like, OK, McDonald's is bleeding.
Right. It's just it's it's just bleeding out a little bit.
Yeah. I just I didn't want to write it out any further because I didn't know how far I was going to fall.
Right. So I wanted to just do some damage control and step out of the trade.
And then I'll step back into McDonald's and they're going to give me all my fucking money back.
And that goes to three hundred dollars.
Right. It's on the fucking hit list.
They fucking all me.
So I had a grander read it and it was just fucking hemorrhaging, hemorrhaging, hemorrhaging.
So I'm like, fuck, dude, I can't even look at this any longer.
So I stepped out. Yeah.
You don't look at it. You shouldn't sell it, though.
You should just hold on to it until it goes back up so you don't lose money.
Right. Right. Right. But that's see, I started getting sucked into the short term.
Yeah. Gains thing.
And I was doing really good with it.
So you get addicted to that.
Yeah. Like fuck holding it long term.
I'm going to fucking make all the money.
So I'm like 20 grand read it.
You know what I mean?
Yeah. That's the problem is people want to get addicted to like make money now.
Right. Going to casino.
You you win money right then.
You don't have to wait for it.
People want their money now.
Right. Exactly.
I mean, did the fucking thing with.
So what you're saying is like, yeah, you should hold it long term.
And if it goes down, you're winning because you get to buy more of it.
And if it goes up, you're winning because your net worth goes up.
So you're really winning either way.
And I just got kind of sidetracked with this swing trading day trading thing.
Right. Really, like my strategy is I only buy stocks that I use every day.
Right. Like I use read it all the time.
Right. I love read it as a company.
There's a lot of like important people invested in it.
I like Tesla as a company.
I think they're going to own everything.
Right. I don't have a Tesla.
I'd like to have one.
But I guess I'm like sock trading music going.
But yeah, you know, things that things you use every day.
Like, dude, I want to own some Pfizer, but Pfizer is not a good like Pfizer.
Yeah, Pfizer is not a good stock to to really like I want to buy Tesla back
and just keep it because it's down to was it down to 173 and 73 might be 174.
So say you buy it at 173.
Right. But in three years, you shouldn't sell it because in three years, it's going to be worth like what?
A thousand dollars. Right.
So my thing is, is like if you're swing trading, right, which means you're holding it for more than a day.
Yeah. You're kind of always keeping pace with it.
Right. So what you're doing is like say it's you really want to hold Tesla like as a long term stock.
Right. But you see it jumps up 15 percent.
Right. Step out of the trade.
And Tesla has enough like up and down that you can make some you can grab it at a lower price later.
Right. So it doesn't generally go up and stay there.
Right. It goes up and then it dips down just as much as it went up.
Oh, yeah. It fluctuates like that.
So kind of like it just goes up.
Yeah. I mean, no, it has fluctuations, too.
But McDonald's is slow. It's like really slow moving.
Right. It doesn't it doesn't change quickly.
It changes over like months, weeks and months.
So with Tesla, like say you get it at one hundred and seventy three, it'll shoot up probably tomorrow.
You'll see it go into a short squeeze and it'll shoot up to like one hundred and eighty two.
Right. So you can make some crazy money by stepping out right there.
You know, picking it back up when it comes down to one hundred seventy four.
Right. So Reddit has been pretty good like that, too.
The problem with Reddit is like I overextended myself on Reddit and I bought a grand of it.
And after I hemorrhaged out a lot of cash today because I missed I missed a squeeze yesterday.
Right. And I'm like, oh, I'll just hang on to it.
And then it just fucking plummeted. Right. Right.
So my new strategy is don't buy more than you would like to keep forever.
Right. If if you wouldn't keep that amount forever, don't buy it.
Right. Like I don't want to have a grand of Reddit forever.
You know what I mean? I want to have like three grand of Reddit.
Twenty five hundred, twenty five hundred dollars a Reddit.
But I don't want to have eight thousand dollars a red.
You know, because Reddit's a new stock. It's not really it's like it doesn't really have a history.
It's not. I've seen some stocks, though, that I was looking at that start out at, say, eleven dollars and they go down to like less than a cent.
Right. Like, why did they why do they start out at eleven dollars?
Why don't they start out at some minuscule amount?
Well, it's called the initial public offering.
So I think they just put that price to see like they to feel it out.
So I think Reddit is still just kind of finding its baseline.
They started it off at 40 for the IPO, but it's it's kind of been, you know, sticking around like the fifty dollar mark, you know, fluctuating up to 60.
Yeah. So it's been going between 50 and 60.
And I think it's going to be I think Reddit's going to be worth a lot.
I think that because there's some serious people invested in it.
I think they're going to bring in a lot from advertising.
It's just it's a cool company. You know, I'd like to own it long term.
And I think it's going to just I think it's going to be up there with like, you know, not quite a Facebook, but say Facebook is worth four hundred dollars a share.
Oh, yeah. I'm actually on Reddit slash Wall Street.
That's which is like the Reddit that they use to like talk about like short squeezes.
Yeah, I'm on that, too. Oh, yeah. Yeah.
And they're saying, what for tomorrow?
Oh, everybody's like saying buy the video, right? Yeah.
So I'm just looking at some of these people.
Look, this guy lost seventeen thousand dollars in the last three months.
This is the one that says I lost 60 K in total.
The fuck is he doing wrong?
He said I made money last week buying the heavily traded stocks sold for a gain of 44 K and lost it all.
And then some god awful haymaker play hoping to recoup my losses overnight and made 30 K opposite happened and then some.
I'm twenty three. You have 100 K of school debt in a doctoral program.
I have no idea what to do. I'm not working.
That was all the money I've saved working before I started school.
He's lost 60 K in total stocks and I'm at an all time low standard.
I hate my life. I have no idea what to do. Dude, you know what?
That that just sucks. You don't want to end up like that, though.
No. Let that be a life lesson.
You know what I mean? Like that's what people are saying.
That's it, dude. It's just the life lesson.
Like that's just money. And you're going to forget about that. 60 grand he lost.
Yeah. Yeah. So he lost a year of work.
He's got a doctorate, a hundred grand. He could have put that on school.
Damn. You know what, though? I mean, dude, serves him right for fucking gambling.
You know, like sick. Come on, dude. 60,000 bucks.
How did you lose it, though? Like, all right.
So like I learned I saw I lost 900 bucks today. Right.
But like I was saying yesterday, you're going to get it back, though, right?
Oh, yeah. Now I'm doubling down, buddy.
No. See, that's the wrong attitude, though.
It's like, oh, I'm going to double down and win it back. Right.
Oh, my God. This guy all time has twenty seven thousand dollars and lost one hundred and fifty five thousand all time.
Oh, my God. Dude, get it up. Seriously.
Give it the fuck. That's like him.
That's like going to the casino at that point. Right.
Damn. Dude, it's losing money. See, that's the problem.
Like slot machines. So that's what some people are literally doing.
Like I said, like if if I'm saying, OK, I only want to invest in companies that I use, I do that because if I'm using those companies, so is everyone else.
Right. Like if I'm going to Chipotle and I'm buying Chipotle, I bought one exactly one share today of Chipotle.
Like I I cashed everything out earlier in the day and then I bought Chipotle back.
My burrito yesterday or I think it was the day before, it had a little too much juiciness on it. What?
It had a little too much guac on it. It was a little too wet for me.
I was like I was trying to eat it. I was like, this is just like sloppy. Look, look, it's not enough meat on it.
It's not enough. Well, sometimes you got to get the double double meat.
But it like I don't know, it's too much guac.
And it like it was like really fucking hot for some reason.
Like temperature wise or like spice wise? Like spicy. Oh, yeah. I don't know why.
Well, I mean, it's just inconsistent sometimes. Yeah, I mean, it is. Chipotle is definitely.
Who the fuck cares? I'll still pay for it. Dude, right. It was $17 for a fucking burrito.
Chipotle is like one of the only fast food places I fucking like. But it's like $18 for a fucking burrito.
Yeah. Is it really? Because I get the bowls. Yeah, I just got 13 bucks for a bowl. Oh, yeah.
I was going to say, yeah, you know, Chipotle still fast food at the end of the day.
I think it's a healthier fast food. You know, it's like, is it? Yeah, yeah, it is.
They do use some ingredients that aren't like ideal.
But as far as like grabbing a quick meal goes, like, you know, it's pretty good, pretty good in a pinch.
Like I fucking want Chipotle. And I think they're just a dope company because, dude, one time this fucking one in 10 NPC degenerate
that was working there put the burrito bowls in the bag upside down. Oh, nice.
Yeah. And like all the all the the fluid like spilled out.
I was like, I don't know, pulling in the bottom of the burrito bowls spilled out, like seeped through the bag.
And I went to get in my car. That was brand new to me.
And they've ripped through the bottom of the bag right in between the seats of my car. Oh, shit.
It all spilled in between the seats. I lost my fucking mind. I went and say and I wrote them a letter.
I'm like, this fucking degenerate that works for you. All right.
Put these in the bag upside down. Everything spilled out and seeped through the bag.
They ripped through the bottom all over my fucking car. Had to take the fucking seats out.
Had to rent a machine to clean the fucking carpets. I'm like, this is like fucking I'm a fucking car guy.
I don't even eat my car. And now it smells like a fucking Mexican burrito. Like, dude, what the fuck?
So they sent they actually got in contact with me. The guy is like, oh, my God, this is horrific.
He goes, I'm a car guy, too, dude. He's like, this is I feel so bad.
And they sent me 10 free meals and they came on these like fucking baseball cards.
Ten free meals. How much is that? I don't know. Say it's $20 a meal. $15 a meal.
No, but some of them were actually free meal for two.
So it was two free meals on each because they're literally these fucking baseball cards.
I wish I kept some of them. They're fucking cool. But they're like Chipotle baseball cards.
And the guys just like just give these to the person at the register. They'll know exactly what it is.
They sent them like literally in an envelope to me. That was like the dopest thing, dude.
Any company has ever done. I will never forget that. I will say I'll say just fucking buy me new car pitch.
Right. Yeah. But, um, yeah, no, it's just like most companies would be like, oh, they put it in the bag upside down.
Like, fuck off. I don't give a fuck. I'm just making money. The guy like literally felt bad and literally said,
we're going to do everything to make this right. What happened to the employee, though? Oh, he probably still works there.
He's still there. Five years ago. He's still putting fucking burritos and bags upside down.
He's probably really good at folding burritos now. But I don't know about that.
That's like he sounds like part of the one in ten. Yeah. Yeah. That was pretty bad.
But like I said, like no company has ever done anything like that for me.
And I did I ate there for free for so long. It was just like I go in, give them a baseball card and our meal was free.
Sometimes it's like 40 bucks for two people to eat at Chipotle. So, yeah, that's why I'm like, you know what?
I will always fucking eat at Chipotle. I fucking love this place. Just kind of go in with your nose up in the air.
Be like, I am a shareholder. Yeah, no, I'm going to get a shirt. I'll take one burrito for a shareholder.
I'll take one shareholder burrito. Chipotle shareholder. Yeah, we should get sweatshirts. Yeah, that'd be fucking awesome.
Who else? Tesla, Tesla shareholder. No, like when their fucking stock goes to the fucking moon, I'm going to get we're going to get some Tesla gear.
Well, how is this going to work when the Chipotle splits? Because I read so it said every existing shareholder of Chipotle will gain 49 shares.
Oh, well, maybe they count that because if you own one, right, that counts as one and then it splits in the 50 to one split.
So one of them must be the one share that you already owned. Yeah, but I have like half a share.
Yeah, so it's like, OK, so I kind of explained it wrong. I was listening to the last episode.
So it's going to be 50 to one. So if I own 31.6, what is it? Yeah, 31.60 is what one cost divided by 50.
Each share is going to be worth $63 a share right now or 62 to $63 a share. So you're going to have if you have one share, it would be 50 shares at $63.
So if you have partial shares, I don't even after that, it's just going to keep going up.
You got to divide, you got to divide how whatever the cost is of shares, whatever your value is of your shares by 62 or 63.
And that'll give you basically a 62 because it's right now between the stocks between 31.30 and 31.60.
So it's going to be between 62 and 63, depending on when what like divide by 50. Yeah.
So you divide the price of the stock by 50 and that'll give you how much your price per share is going to be.
And then you divide your value of shares by that number and that'll give you how many shares you'll have.
I believe. Yeah, it's going to be more. And that's initially I just wanted 10 shares of Chipotle and I knew they were going to split.
So I bought just enough for 10 shares, but 10 shares. That's like, isn't that crazy amount of money?
No, no, no. Well, that'd be 30 grand. Yeah. It'd be like 35,000 or something like that.
Yeah. No, I just wanted 10 post split shares.
So I bought enough of the current price to get 10 shares after the split.
So I just today I decided Chipotle is on sale. I mean, when everything was tanking, I sold everything off.
Right. Even Chipotle. I bought Chipotle. Average cost 3101.
That's pretty good. Yeah. I had mine at 28.99 is what my average cost was.
But now it's I just bought that one share today at 31, 31 and 60. I think it is.
Why'd you sell Verizon? Huh? Why'd you sell Verizon? It kind of sucks, right?
Because I never go up. I didn't sell it yet. I'm waiting to get my money back out of it.
Let me see. Let's see. What's Verizon at?
The problem with Verizon is it's the dividend stock, right? And it's not really a good stock for like movement and growth.
So I was going to hit this up. Yeah, that's OK.
So it's not it's not really good. It's not a good stock for for growth, because if you look at the history of the stock, it's been the same for forever in a decade.
Like literally, it's just it's been like since like the Twin Towers collapsed, still been like forty dollars.
It didn't even change through that. You know, it's gone up like a little bit.
But you what you would want Verizon for is it's seven percent dividend.
So if you just like bought a little bit of Verizon over the course of your life, right, that's like a guaranteed seven percent of whatever you're putting on it.
You know, so I actually don't have any buying power on Robin Hood right now because I spent it all on the stocks today.
But if I cancel my order for Reddit, then I have thirty nine dollars.
Thirty nine dollars to spend on some new stocks. Let's buy some stocks, Dan.
All right. What are we buying for today? I'm going to load up on my.
I'm going to load up on Reddit right now. I'm going to do because it fell so far today.
Yeah, I think tomorrow is going to be a good day for Reddit because that's generally what happens.
It goes into a dip and then it fucking skyrockets.
So I think you'll see Reddit go to sixty two dollars tomorrow from fifty four fifty.
So let's do some quick maths on that.
It's going to be sixty two minus fifty four fifty. That's going to be a gain of seven point five dollars per share. We put three thousand dollars on Reddit divided by fifty four fifty right now.
That gives fifty five shares times seven dollars. Make three hundred eighty five bucks tomorrow for doing nothing.
So I would put in I would put eight grand on it, but I just I just don't want to hemorrhage any more money.
So like I said, I'm not going to be buying. I'll take your advice and I'll buy a hundred dollars for it.
Yeah, don't buy more. My new plan. I was getting a little greedy and out of control.
My new plan is don't buy more than you wouldn't want to keep forever.
I put I put new on a new hundred dollars deposit in for tomorrow.
All right. I'm going to put three on a three grand.
What is this? By the way, trade on the 24 hour market.
Whenever I try to do that doesn't work for me.
It doesn't. Oh, it says it comes to this screen, right?
By Reddit number shares.
So you have to like calculate the number of shares. Oh, it says bid.
No, you can change it to shares or dollars at the top.
So at the top right, you hit dollars.
So like I'm going to do like three grand or rather trade three.
Do I want to be three? Let me think.
Twenty five hundred. What would I be OK being stuck with twenty five hundred bucks?
Let's see. Twenty five hundred. Oh, you can set it so it like buys a certain point or something.
Well, you can do it for like market open, but I'm just going to do it right now
because I want to be prepped for when that sucker goes to the moon.
What's the limit price?
Six fifty. So that's like a range.
Right. Because if it's the stock could change by tomorrow morning
when the market opens, if you have it set to buy at market open.
So it calculates in a five percent difference.
There's a five percent like plus or minus or whatever.
And then you put what your limit would be that you'd be willing to pay for it.
Oh, like for share? Yeah.
So if it says bid fifty four forty, what should I put like sixty?
Fifty four. Well, what do you want to pay for it?
What would be too much? Sixty?
Yeah. No. Oh, God.
You know, what's it been going up to?
No, say fifty five.
Fifty five. Yeah, fifty five.
And then you'll catch the hopefully you'll catch the squeeze.
There is one tomorrow.
Then if I tried to do two shares, it's the estimated cost of one.
And I'll just do a fraction order.
Right. Twenty six fifty divided by fifty four fifty
is forty eight shares.
Say it goes to sixty two minus twenty six fifty.
Could make a cool three sixty four on that.
I'll do twenty six. We got a lot of money on Reddit tomorrow.
I had eight grand on it and I lost a lot of money today.
But why did you sell it? You sold it though, right?
Because you want to. I sold it because
it started hemorrhaging, right?
Hemorrhaging out.
So I wanted to limit my limit my losses, right?
So I wanted to buy it back, but I wanted to step out,
let it fall and then buy it back at a lower price.
So I just don't want to take the hit for that falling.
You see what I'm saying? Yeah.
Because you could just wait and then just profit off of it.
Once it goes up. Right.
But my you see, I'm losing value if I step out,
if I step out of it like at fifty seven dollars
and let it fall down to fifty four.
I'm not losing all that value as it's falling.
You know what I mean? I guess the case that never goes back up.
Right. What do you mean?
Like if it never went back up, you would never get your money back.
But if it goes back up to the price you bought it at,
you'll get your money back. Right.
But I make more money if I step out of the trade.
Really? Yeah. Oh, yeah.
Because if I say it goes down from fifty five dollars
or fifty seven dollars to fifty four like it did today.
Right. Fifty eight down to fifty four.
And I started with eight thousand dollars.
Right. I eat that whole loss as it falls that.
So you're saying it's better to sell it as it's going down
rather than hold on to it. Yeah.
If you think that it's really going to lose some value,
step out of the trade, just step out.
But then you sell it for a loss. Right.
Yeah, that's OK. And then you buy it back at the low point.
You're going to you're going to buy it back at that lower price.
But what happened, like say, say
it drops from fifty seven to fifty four dollars. Right.
And I see it's plummeting. OK.
I step out of the trade at fifty seven and it falls to fifty four.
I technically I sold it at a higher price than it is now.
So I didn't take all that loss.
I stopped my losses. Right.
And then I'm going to buy it back at fifty four.
Yeah. And then you're getting all that money from when it goes back up from fifty four to sixty two.
Yeah. Right. So yeah.
You want to like if you if you see it like really going sideways,
just step out, you know, and that's where I got hit with the pattern day trading thing
because I stepped out and then I'm like, OK, it's done falling.
I stepped back in and now I did.
That was that hit me for another day trade.
You know, but what I like to do, what I like about the swing trading
is you can just once it crosses over in the midnight, you're in a different day.
So it doesn't matter if you bought it, you know, at eleven thirty at night.
And then you sell it at, you know, one o'clock in the morning or yeah,
one o'clock in the morning the next day. You see.
So as long as it crosses midnight, it's a different day.
Oh, what does it matter if it's a different day?
Because the day trading only matters if it's if you hold on to it for a day.
Oh, you see. So it has to be in the same for the pattern day trading.
Yeah, it's going to be in the same day.
So if you step over into the next day, it doesn't count.
You don't get hit with that.
So and that's what I like about swing trading, because it's like, you know,
we don't hang on to it for a while. That's my plan.
I want to hang on to the stock.
But if I see it's got a large increase, right.
And I know if I think it's in a squeeze, I can make all that money.
So say Tesla goes up six hundred dollars, right.
I could pocket that money.
I'm not really pocketing it if I just hang on to the stock and ride out the fluctuations.
You take the money when it goes up a lot and then once it goes back down,
you have more money to invest in it. Right. Exactly.
You just wait for it by it back when it's on sale.
But, you know, really the safest bet is to just ride it out long term, ride the fluctuations.
But sometimes the amount of money is significant.
You know, like, you know, if you can make seven hundred dollars off a squeeze on Tesla, that's nothing.
That's not an insignificant amount of money. No, it's not.
I mean, you just got to like say you added a couple of zeros to that.
Like instead of say one hundred dollars you put into a penny stock investment, you put in ten thousand dollars.
That would go up sixty thousand dollars. Maybe. Right.
But you know, the thing with these like penny meme stocks, just the company's like, I know I'm getting nervous about Greenwave, Barnes and Noble and Greenwave.
Bro, I literally you told me to buy that one the other day. I said, fuck it. I got a little bit of time.
I'll do it right now. And I bought it. I bought it.
And you said that sucker's going up. Right. Which one? Barnes and Noble? Yeah. Yeah. B.N.E.D.
I bought it and made one hundred dollars on it and stepped out of the trade.
And yeah, just made it made a quick hundred bucks, you know. But that shit is so stressful to babysit because if you have like a large amount of money on something.
You're going to want to keep your eye on it. Yeah. You're going to watch it nonstop.
And that's the thing like I've been running into lately. I'm like, dude, I got to be working.
I can't have this this thing off to the corner of my screen because I keep my the ticker open on Robin Hood.
How do you I have my one old phone set up to just like with just Robin Hood stuff and I have it so the screen never shuts off.
So I just keep it on. And it's just so fucking distracting.
I should go to work and put the ticker on like the multiple monitors that were right on the monitor.
I'm just like in the hospital. Like an EKG. It's really the stock ticker.
I'll put all the stocks on the EKG monitor. Yeah, it's distracting.
The thing I'm trying to do now is I don't want to be babysitting stocks.
Right. That's why I don't do really day trading.
And like I that's why I just want to swing trade and long term trade. Right.
So just keep things over like, you know, medium to long term.
So if you see a good a good opportunity to make some money, step out and make the money and buy it back later.
But I don't I don't want to be babysitting stocks all day.
Like, what I mean, what if but but what if you could do that as your job, though?
What if you could make, say, one thousand dollars a year doing that?
Oh, that'd be awesome. That would beat the fuck out of maybe you can.
You know, you don't know because you haven't tried it.
Yeah, I mean, I don't know, man.
My brother does pretty good with day trading, but he's been learning it for a really long time.
So I would just like watch your brother do it like see if you can like just watch him do it and just learn how he does.
He's like, you know how some people put like a bunch of time and effort into like jujitsu and like becoming a black belt?
That's like what he does with like day trading.
That's awesome because it's it's just money. Right. Yeah.
The better you are at it, the more money you're going to make. Yeah. Oh, yeah.
Yeah, dude, it does feel good to make money like that because it's like, damn, if I think about like how hard I would have to work for that money at work.
And, you know, when I was like, you know, up eighteen hundred bucks before I like lost half of it today, you're just like, damn, that's like, well, you just have a fucking vacation.
You don't actually lose like a lot of money, though, right? Because the market.
No, right. It's it's always going to come back up and I just keep track of who owes me money.
Right. Because I McDonald's fucking owes me.
Reddit fucking owes me. Tesla owes me.
There's I have a fucking hit list, bro. I haven't written down for the price.
I stepped out of the trade and how much I was down because I'm coming back and I'm fucking taking names, bro.
Oh, yeah. I'm taking my fucking money back. You look confident.
Oh, yeah. No, I'm taking my money back tomorrow.
I'm going to make here's my prediction. I am going to make back everything that I lost today.
I'm going to make it back by 10 a.m. tomorrow.
Ten thirty tops. Well, unless the market shits itself tomorrow, too.
Yeah, it's unlikely. But here's the thing.
It's going to be a bad weekend. I that's why I took I took a different position.
I said, OK, instead of these large sums of money trying to go for quick cash, right, because you don't know what's going to happen.
Just keep as much as you're willing to keep forever.
Just buy as much as you're willing to keep forever.
Like I said three times, because then then when it falls, it doesn't hurt as much.
It's just like, oh, so what? Like it fucking fell. No big deal.
You know, it's like I'm just riding it out.
Like, I want that stock forever because it's cool stock.
It's also good because you like force yourself not to spend your money like it's not your bank account.
So you're like, oh, I want to hold on to this.
So it goes up with the stock, right.
And just spending it because we spend stuff and just like material things.
It's gone. That's not it's not going to go up in value unless it's like a house.
Right. Or something like even a car is going to just go down value.
Right. Yeah, I mean,
dude, I think I think the market is probably going to get squirrely sometime soon.
I don't know when exactly it's going to happen, but you think like a crash.
Yeah, yeah, for sure. Damn. For sure.
So what are you going to do if it crashes?
Are you going to sell your stocks at that point?
Are you going to wait it out? I've been thinking about what I'm going to do.
And I think I'm going to keep the stocks that I like because I think Tesla is going to be bulletproof.
So how do we know there's going to be a market crash?
I was watching that movie, The Big Short, and they were like it was about how they knew the housing market was going to crash because all the how all these loans,
these mortgages that were terrible mortgages basically that were set up for people to not pay them basically.
And so the housing market crashed and that led to the recession.
How do we know? How do we know this stuff?
Well, we're overdue for it because there's a pattern.
Right. There's like all this stuff is analyzed.
And all the big people, the big investors like Warren Buffett, I mean, he won't come out and say that it's going to happen.
But you can read between the lines based on what he said. But he did say it, right?
Well, he said he's got he's got like 200 billion in cash reserves.
And they said people are saying, well, why don't you have that in the market? What's going on?
I see what you're saying. He said, oh, well, right now it's earning five percent interest in Treasury bonds.
And he goes, if it was only earning one percent in Treasury bonds, I still wouldn't move it.
But basically, if you can read between the lines, hold on to your cash, hold on to your cash right now.
Yeah, because it's you know, we got a storm to ride out.
Don't you think if like some great recession or depression happens, the value of cash is going to go down to like inflation and shit?
The value of cash is going to go down. Yeah.
But you know, like in post like World War One, Germany and like people had like, you know,
millions of dollars in like cash to go to the grocery store because of like how crazy the inflation was.
Yeah. And they were like using the money to like make their bed and stuff. Right. Right.
So it could be like that. Yeah.
I mean, dude, if you really look at what what inflation is, I said this on like a comment on Facebook and some some people got really offended by it.
Like it's not the truth.
Somebody was talking about like how much like a McDouble is now versus how much it was in like the 80s.
Yeah. Right. And how 30 cents. Right. Like how much more expensive it is.
I'm like, that's because the dollars lost value. That's that's literally people like to think that it's prices going up.
It's like, no, it's actually the value of your dollar going down.
One dollar buys less goods. Yeah. Right. So the prices aren't going up.
The value of its its devaluation. Well, I think it's like the chicken and the egg kind of thing.
You don't know because it's being called. It's really it's complicated, but it is both technically.
But it's first and foremost, its devaluation of the currency.
All right. So if one say one dollar back in the 80s bought one dozen eggs and now it takes five of those same dollars to buy one dozen of eggs.
All right. And that causes like McDonald's to raise the price. Eggs didn't change in value.
They're the same value as they were in the 80s.
What changed in value was the value of the currency, you know, and it's hard to explain to people.
It's like people want to think about it like that because it's like, OK, well, where does that end?
It's like, well, it doesn't until it's over, which could be who knows close.
So someday like a dollar is going to be like like people are going to take a million dollars by a dozen.
Yeah, that's what me. Yeah, it's going to be like 20, 30.
Yeah. But isn't that how it is in like Korea, like the yen or something where it's like forty five thousand dollars is like a small amount of money.
Yeah, it's confusing with the cross currencies like I don't know, but I know that you can capitalize on the differences in currencies.
Like I think it's like on the forex exchange or something currency exchange.
Yeah, you can trade currencies like day trade currencies.
Yeah, because right, because like some currencies at different times are worth more than others.
I'll get some fucking yen, bro. Right.
You want to be stuck like magic market shuts down some fucking pesos and you're stuck with like fucking trillions of yen.
Yeah, I say you got to use you always got to have some pesos lying around.
So if you ever need to like escape over the border to Mexico, you got some cash.
They take dollars. Yeah, they take dollars readily. Yeah.
All right. What do we buy in tomorrow, Dan? What's going to be good?
Look, I just want to sell tomorrow's a day to sell.
Hopefully, tomorrow's a sell day. And if it's a hemorrhage day, I'm going to reevaluate my life.
Like if it's just like if there's no squeezes tomorrow and I can't like make my money back, I'm going to really reevaluate where I'm at.
So what's that stock that you sent me that goes up every time that like a recession happens?
Oh, oh, so that's that's a an inverse leveraged ETF.
So whatever the market's doing, it does the opposite times three.
Right. So I don't understand why that would happen.
Dude, like this is some fucking financial voodoo.
I don't know. They like do that on purpose. It just does.
Yeah, yeah, of course. Yeah.
Like, basically, it's basically it's got to be making money off shorting the market somehow.
What if we get some credit default swaps?
I don't know anything about that.
It's when they like bet on the they're in the big short.
Essentially, they were betting on the market crashing. Right. How these like credit default swaps, they call them.
I mean, and the guy was going around to different banks and be like, oh, can I invest a hundred million in these credit default swaps?
And they're like, yeah, well, are you fucking sure you want to?
Like, this guy's fucking crazy. Yeah.
And then he's like, I'm just I just want to make sure that your bank's going to have enough money to pay me when the market crashes.
And they like fucking laugh at him.
But that could never happen.
I got to watch that movie. They're like, thanks for your fucking money, sucker.
And then it happened. Yeah.
And he makes like billions of dollars. Damn.
That's fucking awesome.
I don't like the idea of shorting stocks.
What shorting? So taking a short position.
Did I do? Did I explain this before?
I don't know. I don't think so. Tyler and Ali Mac.
They're not even listening at this point.
Yeah, right. They're not going to listen to this episode.
This is where we lose half the crew and half the listeners.
But fuck up. If you don't want to hear if you don't hear our investment advice, go fuck yourself. Yeah, that's right.
Damn. I only lost 900 bucks today. So fuck. Yeah.
So what's a short? All right. So short.
When you take a short position, here's the easiest way to explain it. Right.
So say I let you borrow my car. I didn't explain this on a last episode.
Maybe. I don't know. All right. So say I let you borrow my car. Right.
And you're like, oh, thanks, man. Appreciate it.
And you say, fuck it. I'm going to fucking sell Dan's car. Right.
I'm going to sell it. I'm going to take the ten thousand dollars for it.
And then when he comes back for his car, I'm just going to buy him another one for like eight grand.
By that time, it will have appreciated a pocket to two grand.
I'll go to the strip club. All right. Have some fucking fun with it.
Buy Dan another car for eight grand and give it back to him. Right.
Because I know that it's going down in value. Right.
So that's what shorting is. But you're doing it with stocks. OK.
So if you think that GameStop is going to go down in value,
you're basically borrowing the stock from somebody, instantly reselling it, taking the profits.
So say GameStop was ten dollars. Right.
So you buy a share of GameStop for ten dollars and you sell it. Right.
GameStop falls to five. And when they come back for their stock. Right.
Because you borrowed it. Right. You give them back that same stock, but you pocketed the difference.
Right. So it's you think about shorting as borrowing a stock at a higher price to give back at a lower price later. Right.
So what people do is when they see a company is going down in value like that,
they'll take a short position on the stocks and hoping that they go down in value.
The problem is that there's no limit to how high they can go.
I don't see how you're making money if the stock is going down in value.
Stocks going down in value because you borrowed that. Say I borrow the stock from you.
Casey, let me grab a share GameStop at ten bucks. Right.
I take it and you're like, OK, I'm coming back for that in a month, though. Yeah, yeah, that's fine.
Come back for it in a month. Sucker. Right. I take it and I sold it already. Right.
I got I got made ten dollars. I made ten dollars.
It's going down. You come back a month later. The stock's only worth five.
Let me buy another one. Give back to Casey. There you go. There's your stock back. Cool. Thanks.
See you. You don't know. I just pocketed the five bucks. Who are they borrowing from?
So who's who's who borrowing from?
Like you said, it's like borrowing stocks. So like if I was going to short to a short stock,
who would I borrow the stock from? Brokerage. Right. Yeah. So who's getting fucked over?
So the company. Well, hold on a sec. So let's think about that.
So if if you who who is getting fucked while the person who owns the stock is getting
fucked because their stock went down in value. Right. The person who originally had the stock.
Yeah. But really, it hurts the company. So what company? GameStop.
Yeah. It hurts the company that you're shorting. I'm actually that's a good question.
I'll have to look into that more. Wrap my head around it. I don't really know who's getting fucked.
But I know Elon Musk, when Bill Gates took a short position against Tesla, like a massive short position,
that's when he got in that public feud with him, you know, because it's like a big deal.
Companies don't like when you take a short position. So it hurts the company.
So because I think it shows like on the books that that there's a lot of short position against the stock.
That's not illegal. No, not at all. I mean, no, that's that's just how it's always been.
So I mean, most of the stuff feels illegal.
Like, like I made like a thousand dollars in like a week. I was like, it feels like I didn't work for it.
I mean, that's America, baby. It's like if it doesn't feel illegal, it's probably not even any fun.
Right. No, there's nothing wrong with that at all.
But, yeah, I don't like I would never like if I thought, oh, Tesla is is in a squeeze.
Right. And I can if I knew a way to like if I was one of those people that took short positions and I shorted Tesla,
I wouldn't do that because I like Tesla as a company.
So I don't understand. Like when you say you're going to short Tesla, like what would you actually do?
You would buy more Tesla. So you go to the brokerage.
Oh, you have to go to a brokerage brokerage to do this.
Robin Hood is a brokerage. Oh, right. That's your brokerage.
So they broker between the company and the shareholders.
But they don't do they take any money, any fees? Yeah, there's brokerage fees for sure.
So when you sell stock, you're paying Robin Hood fees.
Yeah. If you look, it's like sometimes it would be like 60 cents or something like that.
So it's like negligible. But they probably make so much with like all this like GameStop bullshit.
People like day trading nonstop. Like they make so much money.
But, yeah, so so say Tesla was at a hundred ninety dollars a share.
Right. And you go to to the brokerage and you say, oh, let me let me get, you know, five shares of Tesla.
Right. You're going to short Tesla. You take those shares and you and you sell them.
Right. You you're taking a short position. Right.
So you're you're not buying them from Robin Hood. You're borrowing them. Right.
So you're going to borrow those stocks at one hundred ninety dollars.
We'll say we'll just as an example, say one stock at one hundred ninety dollars.
And then Tesla plummets to one hundred seventy two like it did today. Right.
So a month later, they come back and they're like, hey, you got that stock that you borrowed from us.
Yep. Got it right here. So you you give them back a stock that you bought.
I didn't know you could do that in Robin Hood. Like in the app like borrow.
You can't do it in Robin Hood. They don't trade options.
You can't you can't short in Robin Hood. I'm just using that as an example.
I can't show there'd be like TD Ameritrade.
You can probably short with or something like that.
But Robin Hood doesn't allow it. What are what's when it says trade options, what is that?
Oh, I don't know. Options, options trading. Yeah.
Yeah, I don't I mean, generally when they talk about aren't put options like another way to that's similar to shorting.
I think it's the same thing. Let me see. I didn't think you could do it.
I'm still new to it. Let's see. Put option.
An option to self to sell assets at an agreed price on or before a particular date.
See, put option versus short.
See, I think shorting maybe you're not buying you're not borrowing it from the brokerage, but maybe individuals.
Oh, I think that's what it is, because if you look at Robin Hood, you know how it asks if you want to loan out your shares?
No, I didn't see that. Yeah, that's an option.
I'll ask you like, hey, do you want to loan your shares out? When do they say you can make money off of it?
Oh, it's like right on the home screen. So there's an option to loan your shares.
So that's what it is. You're not you're not borrowing them from the brokerage.
You're borrowing them from individuals. Right.
Oh, so options trading? No, no. Oh, it's a loan.
Yeah, it says it gives you the option to loan your shares out.
So it probably depends on what shares you have.
But I put I shut that off because I don't want to short Tesla.
Right. Because that's like a majority of my shares are as Tesla.
Yeah. So I don't want people borrowing my shares to short Tesla because it negatively affects the company.
Like, why would I do that? Why would I let you a company I'm actively investing in?
Why would I let you borrow my shares to bet against them?
I guess. Yeah, it's ridiculous. You're just one person, though.
I'm just one person. It's like, fuck that. Get fucked.
You're not going to borrow my fucking shares to short the company.
So if you let someone borrow your shares, they get like profit off of them.
Yeah, exactly. They have to pay you like a fixed amount.
Well, OK, so Robin Hood handles all that.
But like what benefit do you get from loaning out shares?
They pay you like I think they give you interest or something.
There's like a payment. You get you get paid to loan them out.
So that might be why people do it, why they're available.
Right. That's why those shares are available is because they're getting they're getting a payment.
Let's say I loan it out and they like fucking go to the moon.
Right. That person would make all the profit off of it.
Uh, no, because they're borrowing it. So they're going to have to give it back.
So they're not going to make any profit off it if it goes up.
Then why even buy it? They're going to lose.
Then why even borrow it? OK, so they're going to borrow it.
Right. So they're going to borrow it at, say, one hundred ninety dollars.
Right. Let me borrow this Tesla share at one hundred ninety dollars.
You're going to come back in a month. I'm going to give it back to you.
Right. I'm going to give you I'm going to give you like a small fee to just borrow this share.
Right. So you let me borrow your Tesla share at one hundred ninety.
I sell it. I sell it. It's gone. Right. That's OK.
It's going down to one hundred seventy. I know. Buy it back.
And I'm going to pocket the difference and give it back to him. Right.
I get it later. In 30 days, I think it's going to go down.
They do this with companies that are like going bankrupt where it's like almost guaranteed.
And that's what they were doing to GameStop. Right.
A bunch of hedge funds took short positions against the company. Right.
Because they're like, oh, we're going to make so much money.
I take this fucking buy a million shares at ten dollars each.
You know, we're like five million, ten million shares.
And it's ten dollars each and it's going to go down to five dollars.
We're going to pocket the difference. It's just free money. Duh.
GameStop is going to be out of fucking business.
But then all these degenerates got on Wall Street Bets and piled their fucking money into GameStop.
And it went through the roof. And now GameStop is three, four, five.
So the short squeeze people are actively going against the people that are trying to short the hedge fund.
What are what are hedge funds? Hedge funds are just like it's like a giant investment firm.
You know, they just like literally like they just provide the money.
They just provide the money. Yeah. They just move money around.
They move money around to make money.
So, yeah. So they were expecting the stock to go from ten dollars down to five.
And now it's worth five hundred.
And when they they come back for their shares, right, all these shares are lending out all these shares.
Well, they borrowed them. They borrowed them at like ten dollars a share.
Oh, they're expecting it to go down to five. They pocketed the difference.
And now when the person comes back for their shares, it's worth five hundred dollars times.
However millions they bought, they're bankrupt. They can't possibly pay that.
They're bankrupt. So the only thing that they can do is they can say,
OK, I'm going to I'm going to hold on to this longer, hoping that it comes down to price.
You see, yeah, I'll give it back to you later. I give back to you later. I give back to you later.
Keep pushing that date out. Right.
But they're paying interest or whatever that entire time, whatever the agreed to price was.
But that's what they tried to do a game stop is a lot of them just never, never paid back the difference that they owed.
Yeah, I don't fully understand what I see what you're saying.
Like, why why do people on Reddit bet on these like failing companies to short squeeze just because the stock can go up like exponentially?
Like, why do they like why do they jump on one company? Yeah.
Well, like why they jump on like GameStop? Because a lot a lot like like I said, these hedge funds were betting against it.
They took short positions and were we're expecting GameStop to go bank bankrupt.
Oh, so these people said, well, fuck that game.
We're not going to let GameStop go bankrupt and fuck these hedge funds that just manipulate the markets because they do.
But what do we care if GameStop goes bankrupt? I don't know.
Because you can buy games on online now. Right.
Right. It's just a fucking name thing. And honestly, it's just it's just market manipulation both ways.
You know, probably a guy who whoever is the CEO of fucking GameStop is in heaven because he's like, this is never going to end.
This company is never going to go bankrupt. I'm always going to have a fucking payroll.
You know, really, you don't think GameStop actually bankrupt?
I don't think they'll ever let it go bankrupt now because these degenerates will just keep pumping money into it.
You see, if you can keep this thing going, this keeping people pumping money into a fucking dying company,
they have an unlimited supply of money now because everybody thinks they can get rich off of it.
Basically, GameStop turned into a casino. Yeah. It's funded by a casino now, you know, because everybody thinks it's funded by all like the the mean people on Reddit.
Right. Everybody's trying to get rich off of it now.
So everybody's like, oh, I'll always keep a little money on GameStop in case it pops off again.
And it's worth all you know, I'll keep I'll keep five thousand shares of GameStop just in case, just in case it goes up to sixty dollars, you know, because it happened two times before.
You know, once it went up to five hundred next time it went up to what? Seventy dollars.
I better just keep some shares on there just so I'm ahead of the game.
Next time it does have you saying I should get some GameStop.
Well, no, I mean, now the company is always going to have people invested in it, even though it's a dying company.
It's a worthless company. But it's always going to be a meme, right?
Yeah. I mean, if it if it went it would have to go for people to forget about how much money people made off of it.
GameStop would have to go fucking do five years without another without another jump like that.
You know what I mean? Yeah. I don't know.
Do you think GameStop will make it five more years?
So I don't think I don't know if it's ever going to shut down.
You know who just declared bankruptcy was Red Lobster.
Did I not call that because I saw a thing of like a few months ago on Reddit that was like, oh,
Red Lobster is hemorrhaging like one point one million dollars a day due to endless shrimp.
Like people just started using the fuck out of the shrimp and they just like would take.
Dude, I think they're going bankrupt before that. They're going bankrupt because it's just like fucking.
It's just like they're not competitive. You can spot a dying company a mile away.
It's like when was the last time? OK.
Maybe not now, but I see Olive Garden in the future.
I think they're the same company, actually.
Well, you know, people thought Blockbuster was going to be like this huge company forever.
And then they, you know, but yeah.
Who else is going to go Circuit City?
Yes. Who else is like on the edge of bankruptcy?
Well, like, OK, those fucking arts and crafts stores.
Oh, actually, Red Lobster and Olive Garden are the same stock.
It's owned by the same company. Yeah, that's what I said. Yeah.
Yeah. So I yeah, I see Olive Garden just like not being a thing in two years.
So what you would do is you take a short position against the stock.
You know, but how am I supposed to get like cheap fake Italian food?
Cheap fake Italian like like fake authentic Italian food.
You're screwed there.
Dude, you know what? Olive Garden's OK. It's OK. It is OK.
I'm not going to bash them completely. It's OK.
It's not an authentic Italian restaurant. It's good Italian food.
But it's yeah, it does the trick.
It's the dude last time I went in there, though, it was just fucking disgusting.
Really? Yeah. It just reminds me of fucking Chuck E. Cheese and like it's like.
Yeah, it does have a weird vibe. It has like a bunch of like kids in it. Right.
Yeah. And it's just like, God, just sit down and shut up.
Yeah, there's just like fucking rusty ass radiator.
Just like, I don't know. It's just terrible.
Would you take a girl on a first date to Olive Garden?
No, definitely not. I wouldn't.
How about Red Lobster? No, definitely not. It's disgusting.
But oh, you know what's good is Texas Roadhouse.
Yeah, Texas, I think actually is Outback Steakhouse also owned by the same people.
Oh, maybe.
Because I think you can use gift cards at all of them at Olive Garden, Outback Steakhouse and Red Lobster.
Yeah, yeah, you're right.
The only time I ever went to those places is when they gave us trip money on with the ambulance.
And dude, I remember this one time I went with I can't say her name, but I'll tell you after.
But it was just like it was so good.
Actually, this one time we went to Olive Garden, it was fucking fantastic.
Just like the waiter was fucking good. It was like, wow, this place isn't bad.
But those changes never have any consistency.
What's that?
The chain restaurants never have any consistency between them.
That's what I was saying with Chipotle.
Yeah.
McDonald's has that's like the thing that they founded their company on was consistency between all their branches, I guess.
Yeah.
Try to keep everything stable.
Every hamburger is the same every time.
Yeah, McDonald's you're saying.
Yeah, McDonald's.
And that's why it was so successful.
Yeah, dude, McDonald's is a fantastic company.
You know, I don't eat there, but I like the stock because I would eat there if I didn't give a fuck about my health.
I would eat there every day.
You know, like the chickens that they farm, like don't have like legs or eyes?
No.
Oh, we didn't talk. Do we talk about that?
No.
Like it was like KFC and like all the fast food chains, they use chickens.
They have to say it's chicken product and not actually chicken because they're not actually chickens.
Like they don't have like eyes.
They're like they're like essentially like just torsos that just breathe.
No.
And then they kill them for the chicken.
No, I'm serious.
Get the fuck.
I'm serious.
I don't even know if that's possible.
No, I'm serious.
They're genetically modified chickens that are just raised for food.
They don't have fucking arms or legs.
Stop.
Get the fuck out of here, Casey.
I don't believe that for a second.
I'm serious.
How do you what would be the advantage of that?
Because then you don't have to like.
Chase them down.
No, then you could just have it like, I don't know, just take the fucking meat.
Right.
That's kind of a good idea.
Honestly, if you think about it.
I think they might be they might have been like plugged into like tubes that would like feed them like down there like neck hole.
No.
Yeah.
Get out of here.
I don't believe that.
That is good.
I'm going to find the article later.
That is a good idea, though.
Yeah.
I don't know if they do that with calves.
That would be kind of unethical.
Yeah.
Well, they have this lab grown meat now.
That's the next thing coming down the line.
Oh, yeah.
You could just I would invest in that.
I've grown meat.
I'm not going to invest.
Do you think the vegans would be OK with that?
They'd be OK with it, but it's just fucking disgusting.
I don't know.
I don't know if they would be OK with it because it's meat.
No, no.
It's not made from any.
It was never alive.
So it's going to taste like shit.
But what's going on in the news?
Oh, you know, Trump's Trump rested his case in the trial.
So I think they're just waiting for the the it's called the outcome of the trial.
He's been on trial for like four weeks.
Yeah.
For the Stormy Daniels thing.
Yeah.
OK.
It's like it's like tell tell the world that you're just trying to tie him up.
You know, it's like, dude, it's just the fucking it makes it makes a criminal justice system
look like a joke.
Right.
And Biden, right, agreed to debate with Trump.
But he had all these like stipulations like they there can be any audience.
He gets nervous.
Get out of here.
He said that he said that after the allotted time, I can't get guests to answer a question.
They would cut off the mic so that Trump doesn't cut him off.
Yeah, that's fair.
Yeah, I think that's how it should be.
But why does it have to be like, why are there all these handicaps?
Because he's like, like, oh, man, I know.
That's right there.
If like you need handicaps.
Well, I mean, if you're like grandpa, if you're like golfing with the grandpa, you let him
hit off the handicapped.
He's like, you know, it's kind of like that.
So you basically know that it like wouldn't even be a competition.
All right.
I'm not going to I'm not going to vote.
All right.
That's where I'm at.
You're not going to vote for anybody.
No, no, no.
Robert Kennedy, Jr.
No, I'm not going to participate.
I don't have to.
And the parasite in his brain.
What's that?
Robert Kennedy, Jr. said he had a parasite that was removed from his brain.
Oh, my God.
What what parasite was this?
Oh, I don't know the name of the parasite.
That's just what he said recently.
Dude, this guy says Wi-Fi is like causing dementia and shit.
It's like let's see Robert.
Yeah.
Oh, I don't know about that.
Look, dude, the guy is probably fucking paranoid out of his mind because he knows the shit that these companies were doing.
Well, did you know that, like, everybody with cats has this like parasite?
Yeah.
90 percent of people with cats get this like brain parasite.
Yeah, but you know, that's what they say.
And it like later in life, it can like make you like a little bit crazy.
Yeah, dude, I don't know.
That's what they say.
It's like the Mad Hatter.
That's what they say. But cats have evolved with humans for like thousands of years.
Right. And for thousands of years, we had this parasite.
Right. So it's fine.
What is it fucking?
And there's been crazy people for thousands of years.
Yeah, because I think you would notice that more crazy people have cats.
I don't think that's necessarily true.
I think it is true.
I don't think it's true.
I don't know.
My cats are awesome.
Is there a study that looks at that?
I don't know. It's like, well, here's the other thing, right?
Is that's what they say.
And I looked into it and you're more likely to get that parasite from eating a fruit because they live on fruits.
So it's like, OK, have you ever eaten fucking fruit?
Because you'll get it from that, too.
So unwashed fruit.
So if you don't wash your fruit good enough, you'll get this.
It's literally ubiquitous. It's everywhere.
It's like not just from cats, you know.
How come I haven't heard anything about Wal-Mart stock?
Is that a good one to invest in?
Yeah, Wal-Mart did like a split.
It's probably going to split again, I think.
It's now Warren Buffett was invested in Wal-Mart and he divested from it.
Divest?
Yeah, so uninvested.
I think the right term is divested because it wasn't performing well.
I just I don't think it has a ton of growth in it.
But we don't want to lose every listener here.
We can talk about something other than stocks.
That's all right. I think we can spend an hour and 17.
I think we can end it here.
I think that's good for just just an only stocks episode.
Yeah, I love it. Yeah.
That'll be the only only stocks episode, though.
The only stock. I like that for the episode name.
Only stocks.
Oh, does only fans have a stock?
That's actually a great question, because like I said, I only like to invest in things I use.
Oh, wait, let's see.
This message message from Tyler.
I passed out and just woke up.
Oh, shit.
We should we should call him.
We call him?
Yeah.
All right. I'll check into the only fans thing.
Private.
What's private?
Only fans. Oh, damn.
Come on, Tyler, pick up.
At least we're end to end encrypted.
No answer.
Damn.
All right.
Well, if you like this stock related episode, email us until podcast 73.
We definitely definitely lost.
I feel like we should do a live episode.
Yes, I'd love to.
Where is like broadcasted?
Yeah, uncensored.
Uncensored.
That would be bad.
No, that'd be great.
That'd be great, actually.
How much we got in this slow jar?
Why don't we do a count here?
Yeah, count it up.
That's going to be the prize someday for something.
We got five, six, seven, eight, nine, ten. Ten dollars.
It's a lot of slurs.
Whoever wins it better use it to buy some stocks.
That's right.
Is there anything else?
I mean, I just feel like we're leaving these listeners with, I feel like we've left them with nothing.
Yeah.
How's Faraday doing?
FFIE?
I have not looked at these fucking stressful meme stocks.
Oh, they're still at 125.
Oh, shit.
That's pretty good.
It went back up to 138 yesterday.
So, the other thing I was going to mention, I forgot, you're talking about that ETF that's triple leveraged inverse.
So, you know how the market went down today?
Yeah.
Right?
So, this one, look at the graph.
See how it went up?
That looks like it's going down.
No, no.
So, like, okay, so if you look at today, just today, right?
So, like, when the market really started going down this afternoon, is this small cap bull?
Hold on a sec.
This might be leveraged.
Is this the one?
T exposure.
Hold on a sec.
One second.
Maybe it's TZA.
You might be right.
TZA?
Yeah, TZA.
Inverse leveraged.
Okay, yeah.
So, this is a one day chart.
You know how the market went down and now at the end of the day, it started to come up just a little bit?
It leveled off.
Yeah.
Right?
So, it's exactly inverse.
Oh.
But it's like three times as much.
So, it started the day at 1758.
So, what would be beneficial to keep, like, money in that stock and just sell it when it crashes, the market crashes?
That's what I said and my brother said that it resets every day.
Oh, my God.
So, it's not something that is meant to, like, hold.
Oh.
So, I don't know if it's the price resets every day or something about it resets every day.
So, you can't do that.
Right?
So, it's meant to be like you purchase it by the day.
So, if the market was going to...
It's like a real shitty day.
Right.
Like, if the market was going to consistently be down, right, and you knew that, you'd buy it every day.
What's it called?
That's TZA.
TZA.
Yeah.
So, this is...
So, say you bought it this morning.
You knew it was going to be a shit day.
Right?
So, we have $1752 to $1883.
So, you put like $50 grand on that.
So, divided by $1782 equals $2805.
So, you have...
I had this idea written down that we play who wants to be a millionaire, but we put a shock collar on Ali Mac.
Shock him.
You know, one of those dog ones.
Yeah.
Shock him every time he gets it wrong.
We could do that.
It wouldn't kill him.
Dude, easily.
That'd be so funny.
They're like 40 bucks.
Dude, I'm down.
I will throw in some money for that.
I don't know if he would let us do that.
Maybe he doesn't have a choice.
Well, I mean, dude, it's going to be involuntary.
Yeah, exactly.
But, more stock talk tomorrow morning.
I like to...
Here's my thing.
I like to be done by noon.
I don't want to look at stocks past noon.
You know?
Yeah.
Don't you think they usually like hit their peak around noon, one o'clock?
Yeah.
Well...
Then they start going down.
I usually take some morning squeezes.
Then, if I can just make a little bit of money, I'm out.
Yeah.
I just buy it the night before because I usually sleep during the day, right?
Because I work night shift.
If I'm day trading, I'm just up doing it between sleeping.
Right.
Yeah.
It's just too distracting, so I'm trying to limit it to the first, just the morning.
So, yeah.
All right.
Well, don't get addicted to stocks.
Take her investment advice.
That's right.
If you liked it, like us on Facebook and X and Tesla.
Elon.
That's right.
All right, kids.
Be kind to yourself.
Hand each other.
We out.
For all we know, robots have sold their heads.
We out.
For all we know, robots have sold their heads.
We just don't know if they do or don't.
How do you know?
Have you ever been a cyborg or a robot?
You think we were the first ones to inhabit this planet?
Fuck no.
No, no.
We are jumping down this fucking rabbit hole.
Yes, we are.
There's people out there with some really dumb thoughts.
Extended episode.
Where the fuck did the pyramids come from?
Where the fuck did Stonehenge come from?
You're telling me that they didn't die and become ghosts?
Oh, they're killing, they're killing all already-born babies and selling them to the Chinese.
Aliens exist, as you see.
Somewhere in China.
Right.
In some base.
What the fuck?
There are super soldiers that are at least 9 or 10 feet tall.
Okay?
Pumped up with the Sauron.
They have dread.
Most super soldiers.
Then they are extraterrestrials.
They are aliens.
I do not negotiate with terrorists.