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The following program is intended for mature audiences and may cause cancer in at-risk populations.

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Fewer discretion is advised.

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This program is intended for mature audiences and may cause cancer in at-risk populations.

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This program is intended for mature audiences and may cause cancer in at-risk populations.

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Oh, welcome to Untitled Podcast, Episode 73.

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Oh, what up?

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We got the chees- this song is called Cheese Touch.

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What's it called? Cheese Touch?

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Like money?

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Yeah, like, I'm touching bread, I got the cheese touch.

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Hell yeah.

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I'm here with Dan.

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Yeah, we got some flakes today.

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Damn, so, this could be the stock of the show.

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It was a rough day today.

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Today was a, dude, I'll tell ya, the market took its pound of flesh today, man.

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It took half of my gains.

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Hell yeah, how do you turn it around after that?

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How do you turn it around?

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Dude, you just go beggar.

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You take more risks.

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I gotta win it all back now.

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I just saw this post on Reddit that was like, I lost 60k total in stocks.

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They had like the chart up and they lost 60k over a year in stocks.

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They were down to $400 and the others were like, I'm done.

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Day trading.

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People were like, what am I doing? What did I do wrong? What should I do?

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And they're like, stop trading.

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Just stop.

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Dude, 60,000?

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Yeah, 60,000.

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And he's down to $400.

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$400 in his savings, everything.

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In his, I don't know how much he has in savings.

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I mean, dude, it depends on what he's worth.

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If that guy's worth like a half a million, fuck it.

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I mean, you might as well play around and try and turn it into something.

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I also saw one that was like somebody invested probably half a million in Nvidia.

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And it doubled over like a day or something.

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They got $491,000 that day.

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Holy shit.

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When was this?

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Oh, just this week, Nvidia.

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Yeah, recently.

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This week or last week.

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From what to what?

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It's around like a dollar now, but people are saying a dollar, not a dollar.

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Maybe it's a hundred dollars, but people are going to, or no, it's no, it's 1030.

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1030, okay. Yeah, that makes sense.

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Because it was 800 last time I checked.

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So they're saying it's going to keep going up like exponentially.

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Like it's worth more than Amazon and Tesla combined right now.

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Yeah, because dude, the entire future depends on Nvidia.

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I don't even know what Nvidia is.

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So Nvidia is a graphics card company.

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So you used to see like, I mean, all the graphics cards even today, but not all of them.

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AMD makes them, but mostly they're Nvidia, right?

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So even if they're a different company, they have like the Nvidia chipset in them.

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So, or the Nvidia GPU.

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For computers or phones?

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For just like graphics cards, like on a computer.

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Oh.

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So the thing is, is that graphics cards, they run so much data that they're really good at computing.

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Better than like a CPU would be for like just running like data, right?

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Like a CPU is better at like different tasks than just running like math equations, right?

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Yeah.

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So every Tesla has a $10,000 GPU in it.

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So that's like, I think GPU stands for graphics processing unit.

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Yeah.

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So that sounds weird that they have a graphics card in them, but that's because-

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So Nvidia makes the graphics cards?

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They make graphics cards. Yeah. That's their specialty.

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So every Tesla has a $10,000 Nvidia GPU in it.

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So I watched on that channel, Linus Tech. You know who he is?

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No.

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Oh, he's like this like IT nerd.

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They tried to like use one of those to like run like a video game and it doesn't really work.

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So it's more just made for just running just math, but it can do so much of it.

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It's like, it's insane. So you need that for AI because the Teslas use AI to drive.

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So they have to interpret the, you know, the incoming images.

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I was actually reading how much AI driving would prevent accidents and deaths in car crashes.

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You know what they say, it would, right?

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Yeah. They said it would like prevent like 90,000 injuries or crashes or something.

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Of course. Because like people are going to be on their phones.

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I don't know if I believe that though, because what if like, what if the AI like causes the crash, you know?

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Like what if two AI's crashed into each other? Whose fault is it?

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Well, it's not going to happen.

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It's just like, dude, it's people, people are so, I know we talked about this on the last episode,

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but there's so many external factors for human beings.

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Like, so what medications are they on? What's going on in their personal life?

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What pre-existing conditions do they have? Like, are they just fucking one in the one in 10?

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You know, they're just, and this is somehow they got their driver's license.

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The AI just takes that right out of the equation. All that stuff. Gone.

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Yeah. But can an AI like identify that there's like a little like bump in the road from the construction sign and that-

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Can a human do that?

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Yeah. If you're paying attention to the road.

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If you're paying attention, which most people are, you know?

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Yeah. No, it's just, dude, it's going to be astronomically better.

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Even if it does kill people, it's like people are going to kill people.

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So you might as well just let it.

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It shouldn't have to be like required though. I still want to drive.

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Like I still feel like I'm a better driver than like 90% of the people.

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Yeah. I mean-

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If you're a good driver, you should be able to-

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You're not going to be better than AI.

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There's just, you don't have eyes in the back of your head. It can interpret so much data at once.

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You can't even, you can't even wrap your head around it.

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Yeah. But I get motion sick when I'm not driving. So they can't really require people.

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No, I mean, I think eventually, I think that the governments are going to be very on board with making self-driving like possible.

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They're going to make it like very easy for companies to do that.

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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.

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If they can, can just, if they can just like have people like not have any freedom.

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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.

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Right.

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Or settled or something. And it's because they want to like prevent people from losing money, too much money or something.

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But the government's essentially restrict, restricting your day trading if you have under $25,000 in your account.

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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.

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Well, I switched to a cash account.

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Oh, you did.

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And so I'm able to trade, but I can't get my funds for like two days after.

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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.

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I just sold Tesla. I couldn't get the money for a day or two.

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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.

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Only on a margin account though.

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Right.

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Yeah. Not a cash account.

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Right.

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But on a margin account, you can't make any date. Like you can only make like four day trades a week.

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Right. You know, I see where they're coming from, you know, kind of. Right. Because.

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What are they doing? Like.

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So they're saying that they don't want.

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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.

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But if it's your own money, like people are allowed to gamble like a limited amount of times. Right.

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Right.

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So.

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I think also is they want you to keep your money in the market so you can lose it.

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That's the other thing. They don't want people to just pull out of the market.

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They want us to make money and then lose it all.

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Well, they want. They want your money locked in the market.

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Right.

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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.

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Like today when I was trying to. I was trying to. Tesla was hemorrhaging.

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Right. I know I sold it.

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And I. I. Because I bought back in at one hundred and one hundred seventy five dollars.

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Right. Yeah.

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And it kept going down below that.

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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.

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That's what's happened to me right now. I got Barnes and Noble.

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I bought it at eighty seven cents. It's down to sixty one.

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How much money did you put on it?

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Oh, not much. I think a hundred. But I put five hundred on G wave green wave technology solutions.

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Yeah. That was that.

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That's twelve cents. And now it's down to eight cents going down.

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I was like, shit, this is going up a lot. And then it's just like it's like a gamble, you know.

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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.

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Yeah, I mean, that's right.

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Right. And that's what you generally want to do.

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You know, you don't want to hold on to it until it's like worthless.

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That would be a very good strategy.

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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.

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Right. Well, today, McDonald's didn't increase.

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They hit like a low for a long time, like a few months low.

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So you're saying that McDonald's has made it through every recession?

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Yeah. If you go back and look at the charts for McDonald's, it just goes boop, boop, boop, boop, boop, boop.

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Just keep going up. Yeah, because that's like the fastest, like the cheapest thing to eat for people.

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Right. Right. Recession proof.

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Yeah. That's just a bomb proof stock.

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It's like now McDonald's is in so many other countries like they're in like every country in the world.

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Right. So it's just going to keep going on from that.

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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.

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Yeah, I'd rather have stock in McDonald's than cash reserves.

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You know what I mean?

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The shitty thing is that the only thing you could trade those stocks for is cash.

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You know, you can't trade it for like actual food.

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That'd be dope if you could be like I want I want this payout in McDonald's.

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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?

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Dude, there might be something like that where you can sell partial shares.

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Yeah. And then you sell it to like the cashier.

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Like that Robin Hood credit card?

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I don't know about that.

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I wonder if they let you borrow against your your shares.

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But margin trading is fucking risky.

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I mean, it is today.

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It was risky. Jesus.

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I lost nine hundred today.

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Oh, my God.

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Nine hundred bucks.

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What? Oh, and everything.

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Bread. It fucked me.

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Read it. Read it owes me like six hundred dollars.

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McDonald's owes me like two hundred fifty dollars.

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See, here's how I look at it with McDonald's.

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It's like, OK, McDonald's is bleeding.

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Right. It's just it's it's just bleeding out a little bit.

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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.

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Right. So I wanted to just do some damage control and step out of the trade.

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And then I'll step back into McDonald's and they're going to give me all my fucking money back.

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And that goes to three hundred dollars.

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Right. It's on the fucking hit list.

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They fucking all me.

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So I had a grander read it and it was just fucking hemorrhaging, hemorrhaging, hemorrhaging.

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So I'm like, fuck, dude, I can't even look at this any longer.

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So I stepped out. Yeah.

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You don't look at it. You shouldn't sell it, though.

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You should just hold on to it until it goes back up so you don't lose money.

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Right. Right. Right. But that's see, I started getting sucked into the short term.

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Yeah. Gains thing.

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And I was doing really good with it.

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So you get addicted to that.

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Yeah. Like fuck holding it long term.

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I'm going to fucking make all the money.

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So I'm like 20 grand read it.

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You know what I mean?

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Yeah. That's the problem is people want to get addicted to like make money now.

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Right. Going to casino.

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You you win money right then.

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You don't have to wait for it.

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People want their money now.

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Right. Exactly.

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I mean, did the fucking thing with.

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So what you're saying is like, yeah, you should hold it long term.

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And if it goes down, you're winning because you get to buy more of it.

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And if it goes up, you're winning because your net worth goes up.

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So you're really winning either way.

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And I just got kind of sidetracked with this swing trading day trading thing.

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Right. Really, like my strategy is I only buy stocks that I use every day.

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Right. Like I use read it all the time.

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Right. I love read it as a company.

229
00:15:36,800 --> 00:15:39,800
There's a lot of like important people invested in it.

230
00:15:39,800 --> 00:15:41,800
I like Tesla as a company.

231
00:15:41,800 --> 00:15:42,800
I think they're going to own everything.

232
00:15:42,800 --> 00:15:44,800
Right. I don't have a Tesla.

233
00:15:44,800 --> 00:15:45,800
I'd like to have one.

234
00:15:45,800 --> 00:15:51,800
But I guess I'm like sock trading music going.

235
00:15:51,800 --> 00:15:56,800
But yeah, you know, things that things you use every day.

236
00:15:56,800 --> 00:16:01,800
Like, dude, I want to own some Pfizer, but Pfizer is not a good like Pfizer.

237
00:16:01,800 --> 00:16:08,800
Yeah, Pfizer is not a good stock to to really like I want to buy Tesla back

238
00:16:08,800 --> 00:16:16,800
and just keep it because it's down to was it down to 173 and 73 might be 174.

239
00:16:16,800 --> 00:16:18,800
So say you buy it at 173.

240
00:16:18,800 --> 00:16:24,800
Right. But in three years, you shouldn't sell it because in three years, it's going to be worth like what?

241
00:16:24,800 --> 00:16:25,800
A thousand dollars. Right.

242
00:16:25,800 --> 00:16:31,800
So my thing is, is like if you're swing trading, right, which means you're holding it for more than a day.

243
00:16:31,800 --> 00:16:34,800
Yeah. You're kind of always keeping pace with it.

244
00:16:34,800 --> 00:16:41,800
Right. So what you're doing is like say it's you really want to hold Tesla like as a long term stock.

245
00:16:41,800 --> 00:16:45,800
Right. But you see it jumps up 15 percent.

246
00:16:45,800 --> 00:16:47,800
Right. Step out of the trade.

247
00:16:47,800 --> 00:16:53,800
And Tesla has enough like up and down that you can make some you can grab it at a lower price later.

248
00:16:53,800 --> 00:16:58,800
Right. So it doesn't generally go up and stay there.

249
00:16:58,800 --> 00:17:02,800
Right. It goes up and then it dips down just as much as it went up.

250
00:17:02,800 --> 00:17:04,800
Oh, yeah. It fluctuates like that.

251
00:17:04,800 --> 00:17:07,800
So kind of like it just goes up.

252
00:17:07,800 --> 00:17:10,800
Yeah. I mean, no, it has fluctuations, too.

253
00:17:10,800 --> 00:17:14,800
But McDonald's is slow. It's like really slow moving.

254
00:17:14,800 --> 00:17:16,800
Right. It doesn't it doesn't change quickly.

255
00:17:16,800 --> 00:17:19,800
It changes over like months, weeks and months.

256
00:17:19,800 --> 00:17:28,800
So with Tesla, like say you get it at one hundred and seventy three, it'll shoot up probably tomorrow.

257
00:17:28,800 --> 00:17:34,800
You'll see it go into a short squeeze and it'll shoot up to like one hundred and eighty two.

258
00:17:34,800 --> 00:17:39,800
Right. So you can make some crazy money by stepping out right there.

259
00:17:39,800 --> 00:17:43,800
You know, picking it back up when it comes down to one hundred seventy four.

260
00:17:43,800 --> 00:17:47,800
Right. So Reddit has been pretty good like that, too.

261
00:17:47,800 --> 00:17:53,800
The problem with Reddit is like I overextended myself on Reddit and I bought a grand of it.

262
00:17:53,800 --> 00:18:00,800
And after I hemorrhaged out a lot of cash today because I missed I missed a squeeze yesterday.

263
00:18:00,800 --> 00:18:03,800
Right. And I'm like, oh, I'll just hang on to it.

264
00:18:03,800 --> 00:18:06,800
And then it just fucking plummeted. Right. Right.

265
00:18:06,800 --> 00:18:13,800
So my new strategy is don't buy more than you would like to keep forever.

266
00:18:13,800 --> 00:18:17,800
Right. If if you wouldn't keep that amount forever, don't buy it.

267
00:18:17,800 --> 00:18:21,800
Right. Like I don't want to have a grand of Reddit forever.

268
00:18:21,800 --> 00:18:25,800
You know what I mean? I want to have like three grand of Reddit.

269
00:18:25,800 --> 00:18:28,800
Twenty five hundred, twenty five hundred dollars a Reddit.

270
00:18:28,800 --> 00:18:30,800
But I don't want to have eight thousand dollars a red.

271
00:18:30,800 --> 00:18:37,800
You know, because Reddit's a new stock. It's not really it's like it doesn't really have a history.

272
00:18:37,800 --> 00:18:47,800
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.

273
00:18:47,800 --> 00:18:52,800
Right. Like, why did they why do they start out at eleven dollars?

274
00:18:52,800 --> 00:18:55,800
Why don't they start out at some minuscule amount?

275
00:18:55,800 --> 00:18:58,800
Well, it's called the initial public offering.

276
00:18:58,800 --> 00:19:03,800
So I think they just put that price to see like they to feel it out.

277
00:19:03,800 --> 00:19:07,800
So I think Reddit is still just kind of finding its baseline.

278
00:19:07,800 --> 00:19:18,800
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.

279
00:19:18,800 --> 00:19:21,800
Yeah. So it's been going between 50 and 60.

280
00:19:21,800 --> 00:19:27,800
And I think it's going to be I think Reddit's going to be worth a lot.

281
00:19:27,800 --> 00:19:30,800
I think that because there's some serious people invested in it.

282
00:19:30,800 --> 00:19:33,800
I think they're going to bring in a lot from advertising.

283
00:19:33,800 --> 00:19:38,800
It's just it's a cool company. You know, I'd like to own it long term.

284
00:19:38,800 --> 00:19:46,800
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.

285
00:19:46,800 --> 00:19:50,800
Oh, yeah. I'm actually on Reddit slash Wall Street.

286
00:19:50,800 --> 00:19:56,800
That's which is like the Reddit that they use to like talk about like short squeezes.

287
00:19:56,800 --> 00:19:59,800
Yeah, I'm on that, too. Oh, yeah. Yeah.

288
00:19:59,800 --> 00:20:02,800
And they're saying, what for tomorrow?

289
00:20:02,800 --> 00:20:08,800
Oh, everybody's like saying buy the video, right? Yeah.

290
00:20:08,800 --> 00:20:10,800
So I'm just looking at some of these people.

291
00:20:10,800 --> 00:20:15,800
Look, this guy lost seventeen thousand dollars in the last three months.

292
00:20:15,800 --> 00:20:19,800
This is the one that says I lost 60 K in total.

293
00:20:19,800 --> 00:20:21,800
The fuck is he doing wrong?

294
00:20:21,800 --> 00:20:28,800
He said I made money last week buying the heavily traded stocks sold for a gain of 44 K and lost it all.

295
00:20:28,800 --> 00:20:36,800
And then some god awful haymaker play hoping to recoup my losses overnight and made 30 K opposite happened and then some.

296
00:20:36,800 --> 00:20:41,800
I'm twenty three. You have 100 K of school debt in a doctoral program.

297
00:20:41,800 --> 00:20:44,800
I have no idea what to do. I'm not working.

298
00:20:44,800 --> 00:20:47,800
That was all the money I've saved working before I started school.

299
00:20:47,800 --> 00:20:53,800
He's lost 60 K in total stocks and I'm at an all time low standard.

300
00:20:53,800 --> 00:20:58,800
I hate my life. I have no idea what to do. Dude, you know what?

301
00:20:58,800 --> 00:21:01,800
That that just sucks. You don't want to end up like that, though.

302
00:21:01,800 --> 00:21:03,800
No. Let that be a life lesson.

303
00:21:03,800 --> 00:21:06,800
You know what I mean? Like that's what people are saying.

304
00:21:06,800 --> 00:21:08,800
That's it, dude. It's just the life lesson.

305
00:21:08,800 --> 00:21:12,800
Like that's just money. And you're going to forget about that. 60 grand he lost.

306
00:21:12,800 --> 00:21:15,800
Yeah. Yeah. So he lost a year of work.

307
00:21:15,800 --> 00:21:20,800
He's got a doctorate, a hundred grand. He could have put that on school.

308
00:21:20,800 --> 00:21:24,800
Damn. You know what, though? I mean, dude, serves him right for fucking gambling.

309
00:21:24,800 --> 00:21:28,800
You know, like sick. Come on, dude. 60,000 bucks.

310
00:21:28,800 --> 00:21:31,800
How did you lose it, though? Like, all right.

311
00:21:31,800 --> 00:21:36,800
So like I learned I saw I lost 900 bucks today. Right.

312
00:21:36,800 --> 00:21:39,800
But like I was saying yesterday, you're going to get it back, though, right?

313
00:21:39,800 --> 00:21:42,800
Oh, yeah. Now I'm doubling down, buddy.

314
00:21:42,800 --> 00:21:44,800
No. See, that's the wrong attitude, though.

315
00:21:44,800 --> 00:21:47,800
It's like, oh, I'm going to double down and win it back. Right.

316
00:21:47,800 --> 00:21:56,800
Oh, my God. This guy all time has twenty seven thousand dollars and lost one hundred and fifty five thousand all time.

317
00:21:56,800 --> 00:22:00,800
Oh, my God. Dude, get it up. Seriously.

318
00:22:00,800 --> 00:22:02,800
Give it the fuck. That's like him.

319
00:22:02,800 --> 00:22:04,800
That's like going to the casino at that point. Right.

320
00:22:04,800 --> 00:22:07,800
Damn. Dude, it's losing money. See, that's the problem.

321
00:22:07,800 --> 00:22:11,800
Like slot machines. So that's what some people are literally doing.

322
00:22:11,800 --> 00:22:22,800
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.

323
00:22:22,800 --> 00:22:30,800
Right. Like if I'm going to Chipotle and I'm buying Chipotle, I bought one exactly one share today of Chipotle.

324
00:22:30,800 --> 00:22:34,800
Like I I cashed everything out earlier in the day and then I bought Chipotle back.

325
00:22:34,800 --> 00:22:41,800
My burrito yesterday or I think it was the day before, it had a little too much juiciness on it. What?

326
00:22:41,800 --> 00:22:45,800
It had a little too much guac on it. It was a little too wet for me.

327
00:22:45,800 --> 00:22:50,800
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.

328
00:22:50,800 --> 00:22:54,800
It's not enough. Well, sometimes you got to get the double double meat.

329
00:22:54,800 --> 00:22:58,800
But it like I don't know, it's too much guac.

330
00:22:58,800 --> 00:23:02,800
And it like it was like really fucking hot for some reason.

331
00:23:02,800 --> 00:23:08,800
Like temperature wise or like spice wise? Like spicy. Oh, yeah. I don't know why.

332
00:23:08,800 --> 00:23:14,800
Well, I mean, it's just inconsistent sometimes. Yeah, I mean, it is. Chipotle is definitely.

333
00:23:14,800 --> 00:23:19,800
Who the fuck cares? I'll still pay for it. Dude, right. It was $17 for a fucking burrito.

334
00:23:19,800 --> 00:23:25,800
Chipotle is like one of the only fast food places I fucking like. But it's like $18 for a fucking burrito.

335
00:23:25,800 --> 00:23:31,800
Yeah. Is it really? Because I get the bowls. Yeah, I just got 13 bucks for a bowl. Oh, yeah.

336
00:23:31,800 --> 00:23:39,800
I was going to say, yeah, you know, Chipotle still fast food at the end of the day.

337
00:23:39,800 --> 00:23:45,800
I think it's a healthier fast food. You know, it's like, is it? Yeah, yeah, it is.

338
00:23:45,800 --> 00:23:49,800
They do use some ingredients that aren't like ideal.

339
00:23:49,800 --> 00:23:57,800
But as far as like grabbing a quick meal goes, like, you know, it's pretty good, pretty good in a pinch.

340
00:23:57,800 --> 00:24:07,800
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

341
00:24:07,800 --> 00:24:14,800
that was working there put the burrito bowls in the bag upside down. Oh, nice.

342
00:24:14,800 --> 00:24:20,800
Yeah. And like all the all the the fluid like spilled out.

343
00:24:20,800 --> 00:24:27,800
I was like, I don't know, pulling in the bottom of the burrito bowls spilled out, like seeped through the bag.

344
00:24:27,800 --> 00:24:30,800
And I went to get in my car. That was brand new to me.

345
00:24:30,800 --> 00:24:35,800
And they've ripped through the bottom of the bag right in between the seats of my car. Oh, shit.

346
00:24:35,800 --> 00:24:42,800
It all spilled in between the seats. I lost my fucking mind. I went and say and I wrote them a letter.

347
00:24:42,800 --> 00:24:47,800
I'm like, this fucking degenerate that works for you. All right.

348
00:24:47,800 --> 00:24:52,800
Put these in the bag upside down. Everything spilled out and seeped through the bag.

349
00:24:52,800 --> 00:24:56,800
They ripped through the bottom all over my fucking car. Had to take the fucking seats out.

350
00:24:56,800 --> 00:25:01,800
Had to rent a machine to clean the fucking carpets. I'm like, this is like fucking I'm a fucking car guy.

351
00:25:01,800 --> 00:25:07,800
I don't even eat my car. And now it smells like a fucking Mexican burrito. Like, dude, what the fuck?

352
00:25:07,800 --> 00:25:13,800
So they sent they actually got in contact with me. The guy is like, oh, my God, this is horrific.

353
00:25:13,800 --> 00:25:18,800
He goes, I'm a car guy, too, dude. He's like, this is I feel so bad.

354
00:25:18,800 --> 00:25:24,800
And they sent me 10 free meals and they came on these like fucking baseball cards.

355
00:25:24,800 --> 00:25:30,800
Ten free meals. How much is that? I don't know. Say it's $20 a meal. $15 a meal.

356
00:25:30,800 --> 00:25:33,800
No, but some of them were actually free meal for two.

357
00:25:33,800 --> 00:25:37,800
So it was two free meals on each because they're literally these fucking baseball cards.

358
00:25:37,800 --> 00:25:41,800
I wish I kept some of them. They're fucking cool. But they're like Chipotle baseball cards.

359
00:25:41,800 --> 00:25:47,800
And the guys just like just give these to the person at the register. They'll know exactly what it is.

360
00:25:47,800 --> 00:25:52,800
They sent them like literally in an envelope to me. That was like the dopest thing, dude.

361
00:25:52,800 --> 00:25:59,800
Any company has ever done. I will never forget that. I will say I'll say just fucking buy me new car pitch.

362
00:25:59,800 --> 00:26:07,800
Right. Yeah. But, um, yeah, no, it's just like most companies would be like, oh, they put it in the bag upside down.

363
00:26:07,800 --> 00:26:13,800
Like, fuck off. I don't give a fuck. I'm just making money. The guy like literally felt bad and literally said,

364
00:26:13,800 --> 00:26:20,800
we're going to do everything to make this right. What happened to the employee, though? Oh, he probably still works there.

365
00:26:20,800 --> 00:26:26,800
He's still there. Five years ago. He's still putting fucking burritos and bags upside down.

366
00:26:26,800 --> 00:26:30,800
He's probably really good at folding burritos now. But I don't know about that.

367
00:26:30,800 --> 00:26:36,800
That's like he sounds like part of the one in ten. Yeah. Yeah. That was pretty bad.

368
00:26:36,800 --> 00:26:41,800
But like I said, like no company has ever done anything like that for me.

369
00:26:41,800 --> 00:26:48,800
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.

370
00:26:48,800 --> 00:26:54,800
Sometimes it's like 40 bucks for two people to eat at Chipotle. So, yeah, that's why I'm like, you know what?

371
00:26:54,800 --> 00:27:00,800
I will always fucking eat at Chipotle. I fucking love this place. Just kind of go in with your nose up in the air.

372
00:27:00,800 --> 00:27:07,800
Be like, I am a shareholder. Yeah, no, I'm going to get a shirt. I'll take one burrito for a shareholder.

373
00:27:07,800 --> 00:27:15,800
I'll take one shareholder burrito. Chipotle shareholder. Yeah, we should get sweatshirts. Yeah, that'd be fucking awesome.

374
00:27:15,800 --> 00:27:24,800
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.

375
00:27:24,800 --> 00:27:35,800
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.

376
00:27:35,800 --> 00:27:44,800
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.

377
00:27:44,800 --> 00:27:49,800
So one of them must be the one share that you already owned. Yeah, but I have like half a share.

378
00:27:49,800 --> 00:27:55,800
Yeah, so it's like, OK, so I kind of explained it wrong. I was listening to the last episode.

379
00:27:55,800 --> 00:28:12,800
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.

380
00:28:12,800 --> 00:28:26,800
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.

381
00:28:26,800 --> 00:28:32,800
So if you have partial shares, I don't even after that, it's just going to keep going up.

382
00:28:32,800 --> 00:28:42,800
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.

383
00:28:42,800 --> 00:28:51,800
And that'll give you basically a 62 because it's right now between the stocks between 31.30 and 31.60.

384
00:28:51,800 --> 00:28:58,800
So it's going to be between 62 and 63, depending on when what like divide by 50. Yeah.

385
00:28:58,800 --> 00:29:05,800
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.

386
00:29:05,800 --> 00:29:13,800
And then you divide your value of shares by that number and that'll give you how many shares you'll have.

387
00:29:13,800 --> 00:29:23,800
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.

388
00:29:23,800 --> 00:29:28,800
So I bought just enough for 10 shares, but 10 shares. That's like, isn't that crazy amount of money?

389
00:29:28,800 --> 00:29:34,800
No, no, no. Well, that'd be 30 grand. Yeah. It'd be like 35,000 or something like that.

390
00:29:34,800 --> 00:29:39,800
Yeah. No, I just wanted 10 post split shares.

391
00:29:39,800 --> 00:29:45,800
So I bought enough of the current price to get 10 shares after the split.

392
00:29:45,800 --> 00:29:53,800
So I just today I decided Chipotle is on sale. I mean, when everything was tanking, I sold everything off.

393
00:29:53,800 --> 00:29:59,800
Right. Even Chipotle. I bought Chipotle. Average cost 3101.

394
00:29:59,800 --> 00:30:07,800
That's pretty good. Yeah. I had mine at 28.99 is what my average cost was.

395
00:30:07,800 --> 00:30:15,800
But now it's I just bought that one share today at 31, 31 and 60. I think it is.

396
00:30:15,800 --> 00:30:19,800
Why'd you sell Verizon? Huh? Why'd you sell Verizon? It kind of sucks, right?

397
00:30:19,800 --> 00:30:27,800
Because I never go up. I didn't sell it yet. I'm waiting to get my money back out of it.

398
00:30:27,800 --> 00:30:33,800
Let me see. Let's see. What's Verizon at?

399
00:30:33,800 --> 00:30:41,800
The problem with Verizon is it's the dividend stock, right? And it's not really a good stock for like movement and growth.

400
00:30:41,800 --> 00:30:47,800
So I was going to hit this up. Yeah, that's OK.

401
00:30:47,800 --> 00:30:57,800
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.

402
00:30:57,800 --> 00:31:03,800
Like literally, it's just it's been like since like the Twin Towers collapsed, still been like forty dollars.

403
00:31:03,800 --> 00:31:08,800
It didn't even change through that. You know, it's gone up like a little bit.

404
00:31:08,800 --> 00:31:12,800
But you what you would want Verizon for is it's seven percent dividend.

405
00:31:12,800 --> 00:31:22,800
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.

406
00:31:22,800 --> 00:31:33,800
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.

407
00:31:33,800 --> 00:31:40,800
But if I cancel my order for Reddit, then I have thirty nine dollars.

408
00:31:40,800 --> 00:31:45,800
Thirty nine dollars to spend on some new stocks. Let's buy some stocks, Dan.

409
00:31:45,800 --> 00:31:48,800
All right. What are we buying for today? I'm going to load up on my.

410
00:31:48,800 --> 00:31:54,800
I'm going to load up on Reddit right now. I'm going to do because it fell so far today.

411
00:31:54,800 --> 00:32:00,800
Yeah, I think tomorrow is going to be a good day for Reddit because that's generally what happens.

412
00:32:00,800 --> 00:32:02,800
It goes into a dip and then it fucking skyrockets.

413
00:32:02,800 --> 00:32:07,800
So I think you'll see Reddit go to sixty two dollars tomorrow from fifty four fifty.

414
00:32:07,800 --> 00:32:09,800
So let's do some quick maths on that.

415
00:32:09,800 --> 00:32:24,800
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.

416
00:32:24,800 --> 00:32:30,800
That gives fifty five shares times seven dollars. Make three hundred eighty five bucks tomorrow for doing nothing.

417
00:32:30,800 --> 00:32:39,800
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.

418
00:32:39,800 --> 00:32:45,800
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.

419
00:32:45,800 --> 00:32:50,800
Yeah, don't buy more. My new plan. I was getting a little greedy and out of control.

420
00:32:50,800 --> 00:32:54,800
My new plan is don't buy more than you wouldn't want to keep forever.

421
00:32:54,800 --> 00:33:00,800
I put I put new on a new hundred dollars deposit in for tomorrow.

422
00:33:00,800 --> 00:33:02,800
All right. I'm going to put three on a three grand.

423
00:33:02,800 --> 00:33:05,800
What is this? By the way, trade on the 24 hour market.

424
00:33:05,800 --> 00:33:09,800
Whenever I try to do that doesn't work for me.

425
00:33:09,800 --> 00:33:14,800
It doesn't. Oh, it says it comes to this screen, right?

426
00:33:14,800 --> 00:33:16,800
By Reddit number shares.

427
00:33:16,800 --> 00:33:20,800
So you have to like calculate the number of shares. Oh, it says bid.

428
00:33:20,800 --> 00:33:25,800
No, you can change it to shares or dollars at the top.

429
00:33:25,800 --> 00:33:29,800
So at the top right, you hit dollars.

430
00:33:29,800 --> 00:33:35,800
So like I'm going to do like three grand or rather trade three.

431
00:33:35,800 --> 00:33:39,800
Do I want to be three? Let me think.

432
00:33:39,800 --> 00:33:44,800
Twenty five hundred. What would I be OK being stuck with twenty five hundred bucks?

433
00:33:44,800 --> 00:33:50,800
Let's see. Twenty five hundred. Oh, you can set it so it like buys a certain point or something.

434
00:33:50,800 --> 00:33:54,800
Well, you can do it for like market open, but I'm just going to do it right now

435
00:33:54,800 --> 00:33:59,800
because I want to be prepped for when that sucker goes to the moon.

436
00:33:59,800 --> 00:34:02,800
What's the limit price?

437
00:34:02,800 --> 00:34:08,800
Six fifty. So that's like a range.

438
00:34:08,800 --> 00:34:12,800
Right. Because if it's the stock could change by tomorrow morning

439
00:34:12,800 --> 00:34:16,800
when the market opens, if you have it set to buy at market open.

440
00:34:16,800 --> 00:34:20,800
So it calculates in a five percent difference.

441
00:34:20,800 --> 00:34:23,800
There's a five percent like plus or minus or whatever.

442
00:34:23,800 --> 00:34:27,800
And then you put what your limit would be that you'd be willing to pay for it.

443
00:34:27,800 --> 00:34:30,800
Oh, like for share? Yeah.

444
00:34:30,800 --> 00:34:34,800
So if it says bid fifty four forty, what should I put like sixty?

445
00:34:34,800 --> 00:34:37,800
Fifty four. Well, what do you want to pay for it?

446
00:34:37,800 --> 00:34:40,800
What would be too much? Sixty?

447
00:34:40,800 --> 00:34:43,800
Yeah. No. Oh, God.

448
00:34:43,800 --> 00:34:45,800
You know, what's it been going up to?

449
00:34:45,800 --> 00:34:48,800
No, say fifty five.

450
00:34:48,800 --> 00:34:50,800
Fifty five. Yeah, fifty five.

451
00:34:50,800 --> 00:34:54,800
And then you'll catch the hopefully you'll catch the squeeze.

452
00:34:54,800 --> 00:34:57,800
There is one tomorrow.

453
00:34:57,800 --> 00:35:02,800
Then if I tried to do two shares, it's the estimated cost of one.

454
00:35:02,800 --> 00:35:06,800
And I'll just do a fraction order.

455
00:35:06,800 --> 00:35:11,800
Right. Twenty six fifty divided by fifty four fifty

456
00:35:11,800 --> 00:35:14,800
is forty eight shares.

457
00:35:14,800 --> 00:35:20,800
Say it goes to sixty two minus twenty six fifty.

458
00:35:20,800 --> 00:35:23,800
Could make a cool three sixty four on that.

459
00:35:23,800 --> 00:35:26,800
I'll do twenty six. We got a lot of money on Reddit tomorrow.

460
00:35:26,800 --> 00:35:30,800
I had eight grand on it and I lost a lot of money today.

461
00:35:30,800 --> 00:35:33,800
But why did you sell it? You sold it though, right?

462
00:35:33,800 --> 00:35:36,800
Because you want to. I sold it because

463
00:35:36,800 --> 00:35:39,800
it started hemorrhaging, right?

464
00:35:39,800 --> 00:35:41,800
Hemorrhaging out.

465
00:35:41,800 --> 00:35:47,800
So I wanted to limit my limit my losses, right?

466
00:35:47,800 --> 00:35:50,800
So I wanted to buy it back, but I wanted to step out,

467
00:35:50,800 --> 00:35:53,800
let it fall and then buy it back at a lower price.

468
00:35:53,800 --> 00:35:56,800
So I just don't want to take the hit for that falling.

469
00:35:56,800 --> 00:35:58,800
You see what I'm saying? Yeah.

470
00:35:58,800 --> 00:36:01,800
Because you could just wait and then just profit off of it.

471
00:36:01,800 --> 00:36:03,800
Once it goes up. Right.

472
00:36:03,800 --> 00:36:07,800
But my you see, I'm losing value if I step out,

473
00:36:07,800 --> 00:36:11,800
if I step out of it like at fifty seven dollars

474
00:36:11,800 --> 00:36:13,800
and let it fall down to fifty four.

475
00:36:13,800 --> 00:36:16,800
I'm not losing all that value as it's falling.

476
00:36:16,800 --> 00:36:20,800
You know what I mean? I guess the case that never goes back up.

477
00:36:20,800 --> 00:36:23,800
Right. What do you mean?

478
00:36:23,800 --> 00:36:26,800
Like if it never went back up, you would never get your money back.

479
00:36:26,800 --> 00:36:29,800
But if it goes back up to the price you bought it at,

480
00:36:29,800 --> 00:36:31,800
you'll get your money back. Right.

481
00:36:31,800 --> 00:36:33,800
But I make more money if I step out of the trade.

482
00:36:33,800 --> 00:36:35,800
Really? Yeah. Oh, yeah.

483
00:36:35,800 --> 00:36:41,800
Because if I say it goes down from fifty five dollars

484
00:36:41,800 --> 00:36:44,800
or fifty seven dollars to fifty four like it did today.

485
00:36:44,800 --> 00:36:47,800
Right. Fifty eight down to fifty four.

486
00:36:47,800 --> 00:36:49,800
And I started with eight thousand dollars.

487
00:36:49,800 --> 00:36:54,800
Right. I eat that whole loss as it falls that.

488
00:36:54,800 --> 00:36:57,800
So you're saying it's better to sell it as it's going down

489
00:36:57,800 --> 00:36:59,800
rather than hold on to it. Yeah.

490
00:36:59,800 --> 00:37:01,800
If you think that it's really going to lose some value,

491
00:37:01,800 --> 00:37:04,800
step out of the trade, just step out.

492
00:37:04,800 --> 00:37:06,800
But then you sell it for a loss. Right.

493
00:37:06,800 --> 00:37:09,800
Yeah, that's OK. And then you buy it back at the low point.

494
00:37:09,800 --> 00:37:11,800
You're going to you're going to buy it back at that lower price.

495
00:37:11,800 --> 00:37:15,800
But what happened, like say, say

496
00:37:15,800 --> 00:37:18,800
it drops from fifty seven to fifty four dollars. Right.

497
00:37:18,800 --> 00:37:20,800
And I see it's plummeting. OK.

498
00:37:20,800 --> 00:37:25,800
I step out of the trade at fifty seven and it falls to fifty four.

499
00:37:25,800 --> 00:37:30,800
I technically I sold it at a higher price than it is now.

500
00:37:30,800 --> 00:37:32,800
So I didn't take all that loss.

501
00:37:32,800 --> 00:37:35,800
I stopped my losses. Right.

502
00:37:35,800 --> 00:37:37,800
And then I'm going to buy it back at fifty four.

503
00:37:37,800 --> 00:37:43,800
Yeah. And then you're getting all that money from when it goes back up from fifty four to sixty two.

504
00:37:43,800 --> 00:37:47,800
Yeah. Right. So yeah.

505
00:37:47,800 --> 00:37:50,800
You want to like if you if you see it like really going sideways,

506
00:37:50,800 --> 00:37:54,800
just step out, you know, and that's where I got hit with the pattern day trading thing

507
00:37:54,800 --> 00:37:59,800
because I stepped out and then I'm like, OK, it's done falling.

508
00:37:59,800 --> 00:38:02,800
I stepped back in and now I did.

509
00:38:02,800 --> 00:38:04,800
That was that hit me for another day trade.

510
00:38:04,800 --> 00:38:09,800
You know, but what I like to do, what I like about the swing trading

511
00:38:09,800 --> 00:38:14,800
is you can just once it crosses over in the midnight, you're in a different day.

512
00:38:14,800 --> 00:38:20,800
So it doesn't matter if you bought it, you know, at eleven thirty at night.

513
00:38:20,800 --> 00:38:24,800
And then you sell it at, you know, one o'clock in the morning or yeah,

514
00:38:24,800 --> 00:38:27,800
one o'clock in the morning the next day. You see.

515
00:38:27,800 --> 00:38:30,800
So as long as it crosses midnight, it's a different day.

516
00:38:30,800 --> 00:38:33,800
Oh, what does it matter if it's a different day?

517
00:38:33,800 --> 00:38:38,800
Because the day trading only matters if it's if you hold on to it for a day.

518
00:38:38,800 --> 00:38:41,800
Oh, you see. So it has to be in the same for the pattern day trading.

519
00:38:41,800 --> 00:38:43,800
Yeah, it's going to be in the same day.

520
00:38:43,800 --> 00:38:46,800
So if you step over into the next day, it doesn't count.

521
00:38:46,800 --> 00:38:48,800
You don't get hit with that.

522
00:38:48,800 --> 00:38:52,800
So and that's what I like about swing trading, because it's like, you know,

523
00:38:52,800 --> 00:38:54,800
we don't hang on to it for a while. That's my plan.

524
00:38:54,800 --> 00:38:56,800
I want to hang on to the stock.

525
00:38:56,800 --> 00:38:59,800
But if I see it's got a large increase, right.

526
00:38:59,800 --> 00:39:03,800
And I know if I think it's in a squeeze, I can make all that money.

527
00:39:03,800 --> 00:39:07,800
So say Tesla goes up six hundred dollars, right.

528
00:39:07,800 --> 00:39:09,800
I could pocket that money.

529
00:39:09,800 --> 00:39:14,800
I'm not really pocketing it if I just hang on to the stock and ride out the fluctuations.

530
00:39:14,800 --> 00:39:18,800
You take the money when it goes up a lot and then once it goes back down,

531
00:39:18,800 --> 00:39:22,800
you have more money to invest in it. Right. Exactly.

532
00:39:22,800 --> 00:39:24,800
You just wait for it by it back when it's on sale.

533
00:39:24,800 --> 00:39:31,800
But, you know, really the safest bet is to just ride it out long term, ride the fluctuations.

534
00:39:31,800 --> 00:39:34,800
But sometimes the amount of money is significant.

535
00:39:34,800 --> 00:39:40,800
You know, like, you know, if you can make seven hundred dollars off a squeeze on Tesla, that's nothing.

536
00:39:40,800 --> 00:39:42,800
That's not an insignificant amount of money. No, it's not.

537
00:39:42,800 --> 00:39:46,800
I mean, you just got to like say you added a couple of zeros to that.

538
00:39:46,800 --> 00:39:53,800
Like instead of say one hundred dollars you put into a penny stock investment, you put in ten thousand dollars.

539
00:39:53,800 --> 00:39:57,800
That would go up sixty thousand dollars. Maybe. Right.

540
00:39:57,800 --> 00:40:07,800
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.

541
00:40:07,800 --> 00:40:12,800
Bro, I literally you told me to buy that one the other day. I said, fuck it. I got a little bit of time.

542
00:40:12,800 --> 00:40:16,800
I'll do it right now. And I bought it. I bought it.

543
00:40:16,800 --> 00:40:23,800
And you said that sucker's going up. Right. Which one? Barnes and Noble? Yeah. Yeah. B.N.E.D.

544
00:40:23,800 --> 00:40:29,800
I bought it and made one hundred dollars on it and stepped out of the trade.

545
00:40:29,800 --> 00:40:41,800
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.

546
00:40:41,800 --> 00:40:45,800
You're going to want to keep your eye on it. Yeah. You're going to watch it nonstop.

547
00:40:45,800 --> 00:40:48,800
And that's the thing like I've been running into lately. I'm like, dude, I got to be working.

548
00:40:48,800 --> 00:40:55,800
I can't have this this thing off to the corner of my screen because I keep my the ticker open on Robin Hood.

549
00:40:55,800 --> 00:41:03,800
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.

550
00:41:03,800 --> 00:41:06,800
So I just keep it on. And it's just so fucking distracting.

551
00:41:06,800 --> 00:41:13,800
I should go to work and put the ticker on like the multiple monitors that were right on the monitor.

552
00:41:13,800 --> 00:41:19,800
I'm just like in the hospital. Like an EKG. It's really the stock ticker.

553
00:41:19,800 --> 00:41:25,800
I'll put all the stocks on the EKG monitor. Yeah, it's distracting.

554
00:41:25,800 --> 00:41:30,800
The thing I'm trying to do now is I don't want to be babysitting stocks.

555
00:41:30,800 --> 00:41:34,800
Right. That's why I don't do really day trading.

556
00:41:34,800 --> 00:41:38,800
And like I that's why I just want to swing trade and long term trade. Right.

557
00:41:38,800 --> 00:41:42,800
So just keep things over like, you know, medium to long term.

558
00:41:42,800 --> 00:41:48,800
So if you see a good a good opportunity to make some money, step out and make the money and buy it back later.

559
00:41:48,800 --> 00:41:51,800
But I don't I don't want to be babysitting stocks all day.

560
00:41:51,800 --> 00:41:55,800
Like, what I mean, what if but but what if you could do that as your job, though?

561
00:41:55,800 --> 00:41:59,800
What if you could make, say, one thousand dollars a year doing that?

562
00:41:59,800 --> 00:42:03,800
Oh, that'd be awesome. That would beat the fuck out of maybe you can.

563
00:42:03,800 --> 00:42:06,800
You know, you don't know because you haven't tried it.

564
00:42:06,800 --> 00:42:09,800
Yeah, I mean, I don't know, man.

565
00:42:09,800 --> 00:42:14,800
My brother does pretty good with day trading, but he's been learning it for a really long time.

566
00:42:14,800 --> 00:42:21,800
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.

567
00:42:21,800 --> 00:42:29,800
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?

568
00:42:29,800 --> 00:42:32,800
That's like what he does with like day trading.

569
00:42:32,800 --> 00:42:35,800
That's awesome because it's it's just money. Right. Yeah.

570
00:42:35,800 --> 00:42:40,800
The better you are at it, the more money you're going to make. Yeah. Oh, yeah.

571
00:42:40,800 --> 00:42:49,800
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.

572
00:42:49,800 --> 00:43:01,800
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.

573
00:43:01,800 --> 00:43:05,800
You don't actually lose like a lot of money, though, right? Because the market.

574
00:43:05,800 --> 00:43:12,800
No, right. It's it's always going to come back up and I just keep track of who owes me money.

575
00:43:12,800 --> 00:43:15,800
Right. Because I McDonald's fucking owes me.

576
00:43:15,800 --> 00:43:19,800
Reddit fucking owes me. Tesla owes me.

577
00:43:19,800 --> 00:43:22,800
There's I have a fucking hit list, bro. I haven't written down for the price.

578
00:43:22,800 --> 00:43:29,800
I stepped out of the trade and how much I was down because I'm coming back and I'm fucking taking names, bro.

579
00:43:29,800 --> 00:43:33,800
Oh, yeah. I'm taking my fucking money back. You look confident.

580
00:43:33,800 --> 00:43:36,800
Oh, yeah. No, I'm taking my money back tomorrow.

581
00:43:36,800 --> 00:43:42,800
I'm going to make here's my prediction. I am going to make back everything that I lost today.

582
00:43:42,800 --> 00:43:46,800
I'm going to make it back by 10 a.m. tomorrow.

583
00:43:46,800 --> 00:43:51,800
Ten thirty tops. Well, unless the market shits itself tomorrow, too.

584
00:43:51,800 --> 00:43:54,800
Yeah, it's unlikely. But here's the thing.

585
00:43:54,800 --> 00:43:59,800
It's going to be a bad weekend. I that's why I took I took a different position.

586
00:43:59,800 --> 00:44:07,800
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.

587
00:44:07,800 --> 00:44:11,800
Just keep as much as you're willing to keep forever.

588
00:44:11,800 --> 00:44:13,800
Just buy as much as you're willing to keep forever.

589
00:44:13,800 --> 00:44:19,800
Like I said three times, because then then when it falls, it doesn't hurt as much.

590
00:44:19,800 --> 00:44:23,800
It's just like, oh, so what? Like it fucking fell. No big deal.

591
00:44:23,800 --> 00:44:25,800
You know, it's like I'm just riding it out.

592
00:44:25,800 --> 00:44:28,800
Like, I want that stock forever because it's cool stock.

593
00:44:28,800 --> 00:44:33,800
It's also good because you like force yourself not to spend your money like it's not your bank account.

594
00:44:33,800 --> 00:44:35,800
So you're like, oh, I want to hold on to this.

595
00:44:35,800 --> 00:44:37,800
So it goes up with the stock, right.

596
00:44:37,800 --> 00:44:43,800
And just spending it because we spend stuff and just like material things.

597
00:44:43,800 --> 00:44:48,800
It's gone. That's not it's not going to go up in value unless it's like a house.

598
00:44:48,800 --> 00:44:51,800
Right. Or something like even a car is going to just go down value.

599
00:44:51,800 --> 00:44:55,800
Right. Yeah, I mean,

600
00:44:55,800 --> 00:45:02,800
dude, I think I think the market is probably going to get squirrely sometime soon.

601
00:45:02,800 --> 00:45:07,800
I don't know when exactly it's going to happen, but you think like a crash.

602
00:45:07,800 --> 00:45:10,800
Yeah, yeah, for sure. Damn. For sure.

603
00:45:10,800 --> 00:45:14,800
So what are you going to do if it crashes?

604
00:45:14,800 --> 00:45:17,800
Are you going to sell your stocks at that point?

605
00:45:17,800 --> 00:45:20,800
Are you going to wait it out? I've been thinking about what I'm going to do.

606
00:45:20,800 --> 00:45:28,800
And I think I'm going to keep the stocks that I like because I think Tesla is going to be bulletproof.

607
00:45:28,800 --> 00:45:31,800
So how do we know there's going to be a market crash?

608
00:45:31,800 --> 00:45:40,800
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,

609
00:45:40,800 --> 00:45:48,800
these mortgages that were terrible mortgages basically that were set up for people to not pay them basically.

610
00:45:48,800 --> 00:45:53,800
And so the housing market crashed and that led to the recession.

611
00:45:53,800 --> 00:45:56,800
How do we know? How do we know this stuff?

612
00:45:56,800 --> 00:46:00,800
Well, we're overdue for it because there's a pattern.

613
00:46:00,800 --> 00:46:04,800
Right. There's like all this stuff is analyzed.

614
00:46:04,800 --> 00:46:13,800
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.

615
00:46:13,800 --> 00:46:17,800
But you can read between the lines based on what he said. But he did say it, right?

616
00:46:17,800 --> 00:46:22,800
Well, he said he's got he's got like 200 billion in cash reserves.

617
00:46:22,800 --> 00:46:27,800
And they said people are saying, well, why don't you have that in the market? What's going on?

618
00:46:27,800 --> 00:46:32,800
I see what you're saying. He said, oh, well, right now it's earning five percent interest in Treasury bonds.

619
00:46:32,800 --> 00:46:37,800
And he goes, if it was only earning one percent in Treasury bonds, I still wouldn't move it.

620
00:46:37,800 --> 00:46:43,800
But basically, if you can read between the lines, hold on to your cash, hold on to your cash right now.

621
00:46:43,800 --> 00:46:46,800
Yeah, because it's you know, we got a storm to ride out.

622
00:46:46,800 --> 00:46:56,800
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?

623
00:46:56,800 --> 00:46:59,800
The value of cash is going to go down. Yeah.

624
00:46:59,800 --> 00:47:05,800
But you know, like in post like World War One, Germany and like people had like, you know,

625
00:47:05,800 --> 00:47:12,800
millions of dollars in like cash to go to the grocery store because of like how crazy the inflation was.

626
00:47:12,800 --> 00:47:18,800
Yeah. And they were like using the money to like make their bed and stuff. Right. Right.

627
00:47:18,800 --> 00:47:21,800
So it could be like that. Yeah.

628
00:47:21,800 --> 00:47:31,800
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.

629
00:47:31,800 --> 00:47:35,800
Like it's not the truth.

630
00:47:35,800 --> 00:47:41,800
Somebody was talking about like how much like a McDouble is now versus how much it was in like the 80s.

631
00:47:41,800 --> 00:47:45,800
Yeah. Right. And how 30 cents. Right. Like how much more expensive it is.

632
00:47:45,800 --> 00:47:53,800
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.

633
00:47:53,800 --> 00:47:57,800
It's like, no, it's actually the value of your dollar going down.

634
00:47:57,800 --> 00:48:03,800
One dollar buys less goods. Yeah. Right. So the prices aren't going up.

635
00:48:03,800 --> 00:48:09,800
The value of its its devaluation. Well, I think it's like the chicken and the egg kind of thing.

636
00:48:09,800 --> 00:48:16,800
You don't know because it's being called. It's really it's complicated, but it is both technically.

637
00:48:16,800 --> 00:48:22,800
But it's first and foremost, its devaluation of the currency.

638
00:48:22,800 --> 00:48:32,800
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.

639
00:48:32,800 --> 00:48:38,800
All right. And that causes like McDonald's to raise the price. Eggs didn't change in value.

640
00:48:38,800 --> 00:48:42,800
They're the same value as they were in the 80s.

641
00:48:42,800 --> 00:48:47,800
What changed in value was the value of the currency, you know, and it's hard to explain to people.

642
00:48:47,800 --> 00:48:53,800
It's like people want to think about it like that because it's like, OK, well, where does that end?

643
00:48:53,800 --> 00:49:00,800
It's like, well, it doesn't until it's over, which could be who knows close.

644
00:49:00,800 --> 00:49:06,800
So someday like a dollar is going to be like like people are going to take a million dollars by a dozen.

645
00:49:06,800 --> 00:49:09,800
Yeah, that's what me. Yeah, it's going to be like 20, 30.

646
00:49:09,800 --> 00:49:18,800
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.

647
00:49:18,800 --> 00:49:28,800
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.

648
00:49:28,800 --> 00:49:33,800
Like I think it's like on the forex exchange or something currency exchange.

649
00:49:33,800 --> 00:49:36,800
Yeah, you can trade currencies like day trade currencies.

650
00:49:36,800 --> 00:49:40,800
Yeah, because right, because like some currencies at different times are worth more than others.

651
00:49:40,800 --> 00:49:42,800
I'll get some fucking yen, bro. Right.

652
00:49:42,800 --> 00:49:49,800
You want to be stuck like magic market shuts down some fucking pesos and you're stuck with like fucking trillions of yen.

653
00:49:49,800 --> 00:49:54,800
Yeah, I say you got to use you always got to have some pesos lying around.

654
00:49:54,800 --> 00:49:59,800
So if you ever need to like escape over the border to Mexico, you got some cash.

655
00:49:59,800 --> 00:50:06,800
They take dollars. Yeah, they take dollars readily. Yeah.

656
00:50:06,800 --> 00:50:10,800
All right. What do we buy in tomorrow, Dan? What's going to be good?

657
00:50:10,800 --> 00:50:14,800
Look, I just want to sell tomorrow's a day to sell.

658
00:50:14,800 --> 00:50:19,800
Hopefully, tomorrow's a sell day. And if it's a hemorrhage day, I'm going to reevaluate my life.

659
00:50:19,800 --> 00:50:27,800
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.

660
00:50:27,800 --> 00:50:34,800
So what's that stock that you sent me that goes up every time that like a recession happens?

661
00:50:34,800 --> 00:50:41,800
Oh, oh, so that's that's a an inverse leveraged ETF.

662
00:50:41,800 --> 00:50:45,800
So whatever the market's doing, it does the opposite times three.

663
00:50:45,800 --> 00:50:49,800
Right. So I don't understand why that would happen.

664
00:50:49,800 --> 00:50:53,800
Dude, like this is some fucking financial voodoo.

665
00:50:53,800 --> 00:50:58,800
I don't know. They like do that on purpose. It just does.

666
00:50:58,800 --> 00:51:01,800
Yeah, yeah, of course. Yeah.

667
00:51:01,800 --> 00:51:07,800
Like, basically, it's basically it's got to be making money off shorting the market somehow.

668
00:51:07,800 --> 00:51:10,800
What if we get some credit default swaps?

669
00:51:10,800 --> 00:51:13,800
I don't know anything about that.

670
00:51:13,800 --> 00:51:16,800
It's when they like bet on the they're in the big short.

671
00:51:16,800 --> 00:51:24,800
Essentially, they were betting on the market crashing. Right. How these like credit default swaps, they call them.

672
00:51:24,800 --> 00:51:33,800
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?

673
00:51:33,800 --> 00:51:36,800
And they're like, yeah, well, are you fucking sure you want to?

674
00:51:36,800 --> 00:51:39,800
Like, this guy's fucking crazy. Yeah.

675
00:51:39,800 --> 00:51:44,800
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.

676
00:51:44,800 --> 00:51:46,800
And they like fucking laugh at him.

677
00:51:46,800 --> 00:51:48,800
But that could never happen.

678
00:51:48,800 --> 00:51:52,800
I got to watch that movie. They're like, thanks for your fucking money, sucker.

679
00:51:52,800 --> 00:51:54,800
And then it happened. Yeah.

680
00:51:54,800 --> 00:51:57,800
And he makes like billions of dollars. Damn.

681
00:51:57,800 --> 00:51:59,800
That's fucking awesome.

682
00:51:59,800 --> 00:52:06,800
I don't like the idea of shorting stocks.

683
00:52:06,800 --> 00:52:10,800
What shorting? So taking a short position.

684
00:52:10,800 --> 00:52:13,800
Did I do? Did I explain this before?

685
00:52:13,800 --> 00:52:16,800
I don't know. I don't think so. Tyler and Ali Mac.

686
00:52:16,800 --> 00:52:18,800
They're not even listening at this point.

687
00:52:18,800 --> 00:52:21,800
Yeah, right. They're not going to listen to this episode.

688
00:52:21,800 --> 00:52:27,800
This is where we lose half the crew and half the listeners.

689
00:52:27,800 --> 00:52:33,800
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.

690
00:52:33,800 --> 00:52:37,800
Damn. I only lost 900 bucks today. So fuck. Yeah.

691
00:52:37,800 --> 00:52:39,800
So what's a short? All right. So short.

692
00:52:39,800 --> 00:52:43,800
When you take a short position, here's the easiest way to explain it. Right.

693
00:52:43,800 --> 00:52:50,800
So say I let you borrow my car. I didn't explain this on a last episode.

694
00:52:50,800 --> 00:52:54,800
Maybe. I don't know. All right. So say I let you borrow my car. Right.

695
00:52:54,800 --> 00:52:57,800
And you're like, oh, thanks, man. Appreciate it.

696
00:52:57,800 --> 00:53:01,800
And you say, fuck it. I'm going to fucking sell Dan's car. Right.

697
00:53:01,800 --> 00:53:04,800
I'm going to sell it. I'm going to take the ten thousand dollars for it.

698
00:53:04,800 --> 00:53:10,800
And then when he comes back for his car, I'm just going to buy him another one for like eight grand.

699
00:53:10,800 --> 00:53:13,800
By that time, it will have appreciated a pocket to two grand.

700
00:53:13,800 --> 00:53:17,800
I'll go to the strip club. All right. Have some fucking fun with it.

701
00:53:17,800 --> 00:53:20,800
Buy Dan another car for eight grand and give it back to him. Right.

702
00:53:20,800 --> 00:53:24,800
Because I know that it's going down in value. Right.

703
00:53:24,800 --> 00:53:29,800
So that's what shorting is. But you're doing it with stocks. OK.

704
00:53:29,800 --> 00:53:33,800
So if you think that GameStop is going to go down in value,

705
00:53:33,800 --> 00:53:40,800
you're basically borrowing the stock from somebody, instantly reselling it, taking the profits.

706
00:53:40,800 --> 00:53:43,800
So say GameStop was ten dollars. Right.

707
00:53:43,800 --> 00:53:47,800
So you buy a share of GameStop for ten dollars and you sell it. Right.

708
00:53:47,800 --> 00:53:52,800
GameStop falls to five. And when they come back for their stock. Right.

709
00:53:52,800 --> 00:53:58,800
Because you borrowed it. Right. You give them back that same stock, but you pocketed the difference.

710
00:53:58,800 --> 00:54:07,800
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.

711
00:54:07,800 --> 00:54:11,800
So what people do is when they see a company is going down in value like that,

712
00:54:11,800 --> 00:54:16,800
they'll take a short position on the stocks and hoping that they go down in value.

713
00:54:16,800 --> 00:54:20,800
The problem is that there's no limit to how high they can go.

714
00:54:20,800 --> 00:54:23,800
I don't see how you're making money if the stock is going down in value.

715
00:54:23,800 --> 00:54:29,800
Stocks going down in value because you borrowed that. Say I borrow the stock from you.

716
00:54:29,800 --> 00:54:33,800
Casey, let me grab a share GameStop at ten bucks. Right.

717
00:54:33,800 --> 00:54:38,800
I take it and you're like, OK, I'm coming back for that in a month, though. Yeah, yeah, that's fine.

718
00:54:38,800 --> 00:54:43,800
Come back for it in a month. Sucker. Right. I take it and I sold it already. Right.

719
00:54:43,800 --> 00:54:45,800
I got I got made ten dollars. I made ten dollars.

720
00:54:45,800 --> 00:54:49,800
It's going down. You come back a month later. The stock's only worth five.

721
00:54:49,800 --> 00:54:53,800
Let me buy another one. Give back to Casey. There you go. There's your stock back. Cool. Thanks.

722
00:54:53,800 --> 00:54:58,800
See you. You don't know. I just pocketed the five bucks. Who are they borrowing from?

723
00:54:58,800 --> 00:55:04,800
So who's who's who borrowing from?

724
00:55:04,800 --> 00:55:09,800
Like you said, it's like borrowing stocks. So like if I was going to short to a short stock,

725
00:55:09,800 --> 00:55:15,800
who would I borrow the stock from? Brokerage. Right. Yeah. So who's getting fucked over?

726
00:55:15,800 --> 00:55:20,800
So the company. Well, hold on a sec. So let's think about that.

727
00:55:20,800 --> 00:55:29,800
So if if you who who is getting fucked while the person who owns the stock is getting

728
00:55:29,800 --> 00:55:34,800
fucked because their stock went down in value. Right. The person who originally had the stock.

729
00:55:34,800 --> 00:55:41,800
Yeah. But really, it hurts the company. So what company? GameStop.

730
00:55:41,800 --> 00:55:45,800
Yeah. It hurts the company that you're shorting. I'm actually that's a good question.

731
00:55:45,800 --> 00:55:51,800
I'll have to look into that more. Wrap my head around it. I don't really know who's getting fucked.

732
00:55:51,800 --> 00:55:58,800
But I know Elon Musk, when Bill Gates took a short position against Tesla, like a massive short position,

733
00:55:58,800 --> 00:56:02,800
that's when he got in that public feud with him, you know, because it's like a big deal.

734
00:56:02,800 --> 00:56:07,800
Companies don't like when you take a short position. So it hurts the company.

735
00:56:07,800 --> 00:56:13,800
So because I think it shows like on the books that that there's a lot of short position against the stock.

736
00:56:13,800 --> 00:56:19,800
That's not illegal. No, not at all. I mean, no, that's that's just how it's always been.

737
00:56:19,800 --> 00:56:22,800
So I mean, most of the stuff feels illegal.

738
00:56:22,800 --> 00:56:29,800
Like, like I made like a thousand dollars in like a week. I was like, it feels like I didn't work for it.

739
00:56:29,800 --> 00:56:38,800
I mean, that's America, baby. It's like if it doesn't feel illegal, it's probably not even any fun.

740
00:56:38,800 --> 00:56:42,800
Right. No, there's nothing wrong with that at all.

741
00:56:42,800 --> 00:56:49,800
But, yeah, I don't like I would never like if I thought, oh, Tesla is is in a squeeze.

742
00:56:49,800 --> 00:56:58,800
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,

743
00:56:58,800 --> 00:57:00,800
I wouldn't do that because I like Tesla as a company.

744
00:57:00,800 --> 00:57:06,800
So I don't understand. Like when you say you're going to short Tesla, like what would you actually do?

745
00:57:06,800 --> 00:57:09,800
You would buy more Tesla. So you go to the brokerage.

746
00:57:09,800 --> 00:57:13,800
Oh, you have to go to a brokerage brokerage to do this.

747
00:57:13,800 --> 00:57:16,800
Robin Hood is a brokerage. Oh, right. That's your brokerage.

748
00:57:16,800 --> 00:57:19,800
So they broker between the company and the shareholders.

749
00:57:19,800 --> 00:57:24,800
But they don't do they take any money, any fees? Yeah, there's brokerage fees for sure.

750
00:57:24,800 --> 00:57:27,800
So when you sell stock, you're paying Robin Hood fees.

751
00:57:27,800 --> 00:57:31,800
Yeah. If you look, it's like sometimes it would be like 60 cents or something like that.

752
00:57:31,800 --> 00:57:37,800
So it's like negligible. But they probably make so much with like all this like GameStop bullshit.

753
00:57:37,800 --> 00:57:41,800
People like day trading nonstop. Like they make so much money.

754
00:57:41,800 --> 00:57:47,800
But, yeah, so so say Tesla was at a hundred ninety dollars a share.

755
00:57:47,800 --> 00:57:56,800
Right. And you go to to the brokerage and you say, oh, let me let me get, you know, five shares of Tesla.

756
00:57:56,800 --> 00:58:01,800
Right. You're going to short Tesla. You take those shares and you and you sell them.

757
00:58:01,800 --> 00:58:04,800
Right. You you're taking a short position. Right.

758
00:58:04,800 --> 00:58:09,800
So you're you're not buying them from Robin Hood. You're borrowing them. Right.

759
00:58:09,800 --> 00:58:12,800
So you're going to borrow those stocks at one hundred ninety dollars.

760
00:58:12,800 --> 00:58:16,800
We'll say we'll just as an example, say one stock at one hundred ninety dollars.

761
00:58:16,800 --> 00:58:20,800
And then Tesla plummets to one hundred seventy two like it did today. Right.

762
00:58:20,800 --> 00:58:26,800
So a month later, they come back and they're like, hey, you got that stock that you borrowed from us.

763
00:58:26,800 --> 00:58:31,800
Yep. Got it right here. So you you give them back a stock that you bought.

764
00:58:31,800 --> 00:58:35,800
I didn't know you could do that in Robin Hood. Like in the app like borrow.

765
00:58:35,800 --> 00:58:37,800
You can't do it in Robin Hood. They don't trade options.

766
00:58:37,800 --> 00:58:41,800
You can't you can't short in Robin Hood. I'm just using that as an example.

767
00:58:41,800 --> 00:58:43,800
I can't show there'd be like TD Ameritrade.

768
00:58:43,800 --> 00:58:46,800
You can probably short with or something like that.

769
00:58:46,800 --> 00:58:52,800
But Robin Hood doesn't allow it. What are what's when it says trade options, what is that?

770
00:58:52,800 --> 00:58:57,800
Oh, I don't know. Options, options trading. Yeah.

771
00:58:57,800 --> 00:59:07,800
Yeah, I don't I mean, generally when they talk about aren't put options like another way to that's similar to shorting.

772
00:59:07,800 --> 00:59:11,800
I think it's the same thing. Let me see. I didn't think you could do it.

773
00:59:11,800 --> 00:59:16,800
I'm still new to it. Let's see. Put option.

774
00:59:16,800 --> 00:59:23,800
An option to self to sell assets at an agreed price on or before a particular date.

775
00:59:23,800 --> 00:59:30,800
See, put option versus short.

776
00:59:30,800 --> 00:59:38,800
See, I think shorting maybe you're not buying you're not borrowing it from the brokerage, but maybe individuals.

777
00:59:38,800 --> 00:59:45,800
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?

778
00:59:45,800 --> 00:59:49,800
No, I didn't see that. Yeah, that's an option.

779
00:59:49,800 --> 00:59:55,800
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?

780
00:59:55,800 --> 00:59:59,800
Oh, it's like right on the home screen. So there's an option to loan your shares.

781
00:59:59,800 --> 01:00:02,800
So that's what it is. You're not you're not borrowing them from the brokerage.

782
01:00:02,800 --> 01:00:05,800
You're borrowing them from individuals. Right.

783
01:00:05,800 --> 01:00:10,800
Oh, so options trading? No, no. Oh, it's a loan.

784
01:00:10,800 --> 01:00:13,800
Yeah, it says it gives you the option to loan your shares out.

785
01:00:13,800 --> 01:00:18,800
So it probably depends on what shares you have.

786
01:00:18,800 --> 01:00:24,800
But I put I shut that off because I don't want to short Tesla.

787
01:00:24,800 --> 01:00:28,800
Right. Because that's like a majority of my shares are as Tesla.

788
01:00:28,800 --> 01:00:34,800
Yeah. So I don't want people borrowing my shares to short Tesla because it negatively affects the company.

789
01:00:34,800 --> 01:00:38,800
Like, why would I do that? Why would I let you a company I'm actively investing in?

790
01:00:38,800 --> 01:00:41,800
Why would I let you borrow my shares to bet against them?

791
01:00:41,800 --> 01:00:44,800
I guess. Yeah, it's ridiculous. You're just one person, though.

792
01:00:44,800 --> 01:00:47,800
I'm just one person. It's like, fuck that. Get fucked.

793
01:00:47,800 --> 01:00:50,800
You're not going to borrow my fucking shares to short the company.

794
01:00:50,800 --> 01:00:54,800
So if you let someone borrow your shares, they get like profit off of them.

795
01:00:54,800 --> 01:00:58,800
Yeah, exactly. They have to pay you like a fixed amount.

796
01:00:58,800 --> 01:01:03,800
Well, OK, so Robin Hood handles all that.

797
01:01:03,800 --> 01:01:07,800
But like what benefit do you get from loaning out shares?

798
01:01:07,800 --> 01:01:11,800
They pay you like I think they give you interest or something.

799
01:01:11,800 --> 01:01:14,800
There's like a payment. You get you get paid to loan them out.

800
01:01:14,800 --> 01:01:20,800
So that might be why people do it, why they're available.

801
01:01:20,800 --> 01:01:24,800
Right. That's why those shares are available is because they're getting they're getting a payment.

802
01:01:24,800 --> 01:01:27,800
Let's say I loan it out and they like fucking go to the moon.

803
01:01:27,800 --> 01:01:32,800
Right. That person would make all the profit off of it.

804
01:01:32,800 --> 01:01:38,800
Uh, no, because they're borrowing it. So they're going to have to give it back.

805
01:01:38,800 --> 01:01:41,800
So they're not going to make any profit off it if it goes up.

806
01:01:41,800 --> 01:01:44,800
Then why even buy it? They're going to lose.

807
01:01:44,800 --> 01:01:48,800
Then why even borrow it? OK, so they're going to borrow it.

808
01:01:48,800 --> 01:01:53,800
Right. So they're going to borrow it at, say, one hundred ninety dollars.

809
01:01:53,800 --> 01:01:56,800
Right. Let me borrow this Tesla share at one hundred ninety dollars.

810
01:01:56,800 --> 01:01:58,800
You're going to come back in a month. I'm going to give it back to you.

811
01:01:58,800 --> 01:02:03,800
Right. I'm going to give you I'm going to give you like a small fee to just borrow this share.

812
01:02:03,800 --> 01:02:06,800
Right. So you let me borrow your Tesla share at one hundred ninety.

813
01:02:06,800 --> 01:02:10,800
I sell it. I sell it. It's gone. Right. That's OK.

814
01:02:10,800 --> 01:02:12,800
It's going down to one hundred seventy. I know. Buy it back.

815
01:02:12,800 --> 01:02:16,800
And I'm going to pocket the difference and give it back to him. Right.

816
01:02:16,800 --> 01:02:19,800
I get it later. In 30 days, I think it's going to go down.

817
01:02:19,800 --> 01:02:23,800
They do this with companies that are like going bankrupt where it's like almost guaranteed.

818
01:02:23,800 --> 01:02:26,800
And that's what they were doing to GameStop. Right.

819
01:02:26,800 --> 01:02:31,800
A bunch of hedge funds took short positions against the company. Right.

820
01:02:31,800 --> 01:02:33,800
Because they're like, oh, we're going to make so much money.

821
01:02:33,800 --> 01:02:38,800
I take this fucking buy a million shares at ten dollars each.

822
01:02:38,800 --> 01:02:40,800
You know, we're like five million, ten million shares.

823
01:02:40,800 --> 01:02:45,800
And it's ten dollars each and it's going to go down to five dollars.

824
01:02:45,800 --> 01:02:48,800
We're going to pocket the difference. It's just free money. Duh.

825
01:02:48,800 --> 01:02:50,800
GameStop is going to be out of fucking business.

826
01:02:50,800 --> 01:02:58,800
But then all these degenerates got on Wall Street Bets and piled their fucking money into GameStop.

827
01:02:58,800 --> 01:03:03,800
And it went through the roof. And now GameStop is three, four, five.

828
01:03:03,800 --> 01:03:09,800
So the short squeeze people are actively going against the people that are trying to short the hedge fund.

829
01:03:09,800 --> 01:03:14,800
What are what are hedge funds? Hedge funds are just like it's like a giant investment firm.

830
01:03:14,800 --> 01:03:18,800
You know, they just like literally like they just provide the money.

831
01:03:18,800 --> 01:03:21,800
They just provide the money. Yeah. They just move money around.

832
01:03:21,800 --> 01:03:24,800
They move money around to make money.

833
01:03:24,800 --> 01:03:29,800
So, yeah. So they were expecting the stock to go from ten dollars down to five.

834
01:03:29,800 --> 01:03:33,800
And now it's worth five hundred.

835
01:03:33,800 --> 01:03:40,800
And when they they come back for their shares, right, all these shares are lending out all these shares.

836
01:03:40,800 --> 01:03:44,800
Well, they borrowed them. They borrowed them at like ten dollars a share.

837
01:03:44,800 --> 01:03:48,800
Oh, they're expecting it to go down to five. They pocketed the difference.

838
01:03:48,800 --> 01:03:53,800
And now when the person comes back for their shares, it's worth five hundred dollars times.

839
01:03:53,800 --> 01:03:58,800
However millions they bought, they're bankrupt. They can't possibly pay that.

840
01:03:58,800 --> 01:04:05,800
They're bankrupt. So the only thing that they can do is they can say,

841
01:04:05,800 --> 01:04:11,800
OK, I'm going to I'm going to hold on to this longer, hoping that it comes down to price.

842
01:04:11,800 --> 01:04:14,800
You see, yeah, I'll give it back to you later. I give back to you later. I give back to you later.

843
01:04:14,800 --> 01:04:16,800
Keep pushing that date out. Right.

844
01:04:16,800 --> 01:04:21,800
But they're paying interest or whatever that entire time, whatever the agreed to price was.

845
01:04:21,800 --> 01:04:30,800
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.

846
01:04:30,800 --> 01:04:34,800
Yeah, I don't fully understand what I see what you're saying.

847
01:04:34,800 --> 01:04:46,800
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?

848
01:04:46,800 --> 01:04:49,800
Like, why do they like why do they jump on one company? Yeah.

849
01:04:49,800 --> 01:04:56,800
Well, like why they jump on like GameStop? Because a lot a lot like like I said, these hedge funds were betting against it.

850
01:04:56,800 --> 01:05:01,800
They took short positions and were we're expecting GameStop to go bank bankrupt.

851
01:05:01,800 --> 01:05:06,800
Oh, so these people said, well, fuck that game.

852
01:05:06,800 --> 01:05:12,800
We're not going to let GameStop go bankrupt and fuck these hedge funds that just manipulate the markets because they do.

853
01:05:12,800 --> 01:05:17,800
But what do we care if GameStop goes bankrupt? I don't know.

854
01:05:17,800 --> 01:05:20,800
Because you can buy games on online now. Right.

855
01:05:20,800 --> 01:05:26,800
Right. It's just a fucking name thing. And honestly, it's just it's just market manipulation both ways.

856
01:05:26,800 --> 01:05:33,800
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.

857
01:05:33,800 --> 01:05:37,800
This company is never going to go bankrupt. I'm always going to have a fucking payroll.

858
01:05:37,800 --> 01:05:41,800
You know, really, you don't think GameStop actually bankrupt?

859
01:05:41,800 --> 01:05:46,800
I don't think they'll ever let it go bankrupt now because these degenerates will just keep pumping money into it.

860
01:05:46,800 --> 01:05:53,800
You see, if you can keep this thing going, this keeping people pumping money into a fucking dying company,

861
01:05:53,800 --> 01:05:57,800
they have an unlimited supply of money now because everybody thinks they can get rich off of it.

862
01:05:57,800 --> 01:06:08,800
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.

863
01:06:08,800 --> 01:06:10,800
Right. Everybody's trying to get rich off of it now.

864
01:06:10,800 --> 01:06:16,800
So everybody's like, oh, I'll always keep a little money on GameStop in case it pops off again.

865
01:06:16,800 --> 01:06:28,800
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.

866
01:06:28,800 --> 01:06:33,800
You know, once it went up to five hundred next time it went up to what? Seventy dollars.

867
01:06:33,800 --> 01:06:36,800
I better just keep some shares on there just so I'm ahead of the game.

868
01:06:36,800 --> 01:06:39,800
Next time it does have you saying I should get some GameStop.

869
01:06:39,800 --> 01:06:45,800
Well, no, I mean, now the company is always going to have people invested in it, even though it's a dying company.

870
01:06:45,800 --> 01:06:48,800
It's a worthless company. But it's always going to be a meme, right?

871
01:06:48,800 --> 01:06:57,800
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.

872
01:06:57,800 --> 01:07:07,800
GameStop would have to go fucking do five years without another without another jump like that.

873
01:07:07,800 --> 01:07:10,800
You know what I mean? Yeah. I don't know.

874
01:07:10,800 --> 01:07:13,800
Do you think GameStop will make it five more years?

875
01:07:13,800 --> 01:07:16,800
So I don't think I don't know if it's ever going to shut down.

876
01:07:16,800 --> 01:07:20,800
You know who just declared bankruptcy was Red Lobster.

877
01:07:20,800 --> 01:07:26,800
Did I not call that because I saw a thing of like a few months ago on Reddit that was like, oh,

878
01:07:26,800 --> 01:07:34,800
Red Lobster is hemorrhaging like one point one million dollars a day due to endless shrimp.

879
01:07:34,800 --> 01:07:38,800
Like people just started using the fuck out of the shrimp and they just like would take.

880
01:07:38,800 --> 01:07:45,800
Dude, I think they're going bankrupt before that. They're going bankrupt because it's just like fucking.

881
01:07:45,800 --> 01:07:49,800
It's just like they're not competitive. You can spot a dying company a mile away.

882
01:07:49,800 --> 01:07:54,800
It's like when was the last time? OK.

883
01:07:54,800 --> 01:07:59,800
Maybe not now, but I see Olive Garden in the future.

884
01:07:59,800 --> 01:08:01,800
I think they're the same company, actually.

885
01:08:01,800 --> 01:08:05,800
Well, you know, people thought Blockbuster was going to be like this huge company forever.

886
01:08:05,800 --> 01:08:08,800
And then they, you know, but yeah.

887
01:08:08,800 --> 01:08:11,800
Who else is going to go Circuit City?

888
01:08:11,800 --> 01:08:18,800
Yes. Who else is like on the edge of bankruptcy?

889
01:08:18,800 --> 01:08:22,800
Well, like, OK, those fucking arts and crafts stores.

890
01:08:22,800 --> 01:08:25,800
Oh, actually, Red Lobster and Olive Garden are the same stock.

891
01:08:25,800 --> 01:08:28,800
It's owned by the same company. Yeah, that's what I said. Yeah.

892
01:08:28,800 --> 01:08:34,800
Yeah. So I yeah, I see Olive Garden just like not being a thing in two years.

893
01:08:34,800 --> 01:08:38,800
So what you would do is you take a short position against the stock.

894
01:08:38,800 --> 01:08:44,800
You know, but how am I supposed to get like cheap fake Italian food?

895
01:08:44,800 --> 01:08:49,800
Cheap fake Italian like like fake authentic Italian food.

896
01:08:49,800 --> 01:08:51,800
You're screwed there.

897
01:08:51,800 --> 01:08:57,800
Dude, you know what? Olive Garden's OK. It's OK. It is OK.

898
01:08:57,800 --> 01:08:59,800
I'm not going to bash them completely. It's OK.

899
01:08:59,800 --> 01:09:03,800
It's not an authentic Italian restaurant. It's good Italian food.

900
01:09:03,800 --> 01:09:06,800
But it's yeah, it does the trick.

901
01:09:06,800 --> 01:09:10,800
It's the dude last time I went in there, though, it was just fucking disgusting.

902
01:09:10,800 --> 01:09:15,800
Really? Yeah. It just reminds me of fucking Chuck E. Cheese and like it's like.

903
01:09:15,800 --> 01:09:19,800
Yeah, it does have a weird vibe. It has like a bunch of like kids in it. Right.

904
01:09:19,800 --> 01:09:25,800
Yeah. And it's just like, God, just sit down and shut up.

905
01:09:25,800 --> 01:09:28,800
Yeah, there's just like fucking rusty ass radiator.

906
01:09:28,800 --> 01:09:30,800
Just like, I don't know. It's just terrible.

907
01:09:30,800 --> 01:09:33,800
Would you take a girl on a first date to Olive Garden?

908
01:09:33,800 --> 01:09:36,800
No, definitely not. I wouldn't.

909
01:09:36,800 --> 01:09:40,800
How about Red Lobster? No, definitely not. It's disgusting.

910
01:09:40,800 --> 01:09:43,800
But oh, you know what's good is Texas Roadhouse.

911
01:09:43,800 --> 01:09:51,800
Yeah, Texas, I think actually is Outback Steakhouse also owned by the same people.

912
01:09:51,800 --> 01:09:53,800
Oh, maybe.

913
01:09:53,800 --> 01:09:59,800
Because I think you can use gift cards at all of them at Olive Garden, Outback Steakhouse and Red Lobster.

914
01:09:59,800 --> 01:10:01,800
Yeah, yeah, you're right.

915
01:10:01,800 --> 01:10:06,800
The only time I ever went to those places is when they gave us trip money on with the ambulance.

916
01:10:06,800 --> 01:10:14,800
And dude, I remember this one time I went with I can't say her name, but I'll tell you after.

917
01:10:14,800 --> 01:10:16,800
But it was just like it was so good.

918
01:10:16,800 --> 01:10:20,800
Actually, this one time we went to Olive Garden, it was fucking fantastic.

919
01:10:20,800 --> 01:10:24,800
Just like the waiter was fucking good. It was like, wow, this place isn't bad.

920
01:10:24,800 --> 01:10:27,800
But those changes never have any consistency.

921
01:10:27,800 --> 01:10:29,800
What's that?

922
01:10:29,800 --> 01:10:33,800
The chain restaurants never have any consistency between them.

923
01:10:33,800 --> 01:10:36,800
That's what I was saying with Chipotle.

924
01:10:36,800 --> 01:10:38,800
Yeah.

925
01:10:38,800 --> 01:10:48,800
McDonald's has that's like the thing that they founded their company on was consistency between all their branches, I guess.

926
01:10:48,800 --> 01:10:49,800
Yeah.

927
01:10:49,800 --> 01:10:53,800
Try to keep everything stable.

928
01:10:53,800 --> 01:10:57,800
Every hamburger is the same every time.

929
01:10:57,800 --> 01:10:59,800
Yeah, McDonald's you're saying.

930
01:10:59,800 --> 01:11:00,800
Yeah, McDonald's.

931
01:11:00,800 --> 01:11:04,800
And that's why it was so successful.

932
01:11:04,800 --> 01:11:08,800
Yeah, dude, McDonald's is a fantastic company.

933
01:11:08,800 --> 01:11:15,800
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.

934
01:11:15,800 --> 01:11:17,800
I would eat there every day.

935
01:11:17,800 --> 01:11:22,800
You know, like the chickens that they farm, like don't have like legs or eyes?

936
01:11:22,800 --> 01:11:23,800
No.

937
01:11:23,800 --> 01:11:26,800
Oh, we didn't talk. Do we talk about that?

938
01:11:26,800 --> 01:11:27,800
No.

939
01:11:27,800 --> 01:11:33,800
Like it was like KFC and like all the fast food chains, they use chickens.

940
01:11:33,800 --> 01:11:39,800
They have to say it's chicken product and not actually chicken because they're not actually chickens.

941
01:11:39,800 --> 01:11:41,800
Like they don't have like eyes.

942
01:11:41,800 --> 01:11:45,800
They're like they're like essentially like just torsos that just breathe.

943
01:11:45,800 --> 01:11:46,800
No.

944
01:11:46,800 --> 01:11:48,800
And then they kill them for the chicken.

945
01:11:48,800 --> 01:11:49,800
No, I'm serious.

946
01:11:49,800 --> 01:11:50,800
Get the fuck.

947
01:11:50,800 --> 01:11:52,800
I'm serious.

948
01:11:52,800 --> 01:11:53,800
I don't even know if that's possible.

949
01:11:53,800 --> 01:11:55,800
No, I'm serious.

950
01:11:55,800 --> 01:11:59,800
They're genetically modified chickens that are just raised for food.

951
01:11:59,800 --> 01:12:01,800
They don't have fucking arms or legs.

952
01:12:01,800 --> 01:12:02,800
Stop.

953
01:12:02,800 --> 01:12:04,800
Get the fuck out of here, Casey.

954
01:12:04,800 --> 01:12:06,800
I don't believe that for a second.

955
01:12:06,800 --> 01:12:08,800
I'm serious.

956
01:12:08,800 --> 01:12:11,800
How do you what would be the advantage of that?

957
01:12:11,800 --> 01:12:13,800
Because then you don't have to like.

958
01:12:13,800 --> 01:12:14,800
Chase them down.

959
01:12:14,800 --> 01:12:19,800
No, then you could just have it like, I don't know, just take the fucking meat.

960
01:12:19,800 --> 01:12:20,800
Right.

961
01:12:20,800 --> 01:12:21,800
That's kind of a good idea.

962
01:12:21,800 --> 01:12:23,800
Honestly, if you think about it.

963
01:12:23,800 --> 01:12:30,800
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.

964
01:12:30,800 --> 01:12:31,800
No.

965
01:12:31,800 --> 01:12:32,800
Yeah.

966
01:12:32,800 --> 01:12:33,800
Get out of here.

967
01:12:33,800 --> 01:12:35,800
I don't believe that.

968
01:12:35,800 --> 01:12:36,800
That is good.

969
01:12:36,800 --> 01:12:39,800
I'm going to find the article later.

970
01:12:39,800 --> 01:12:40,800
That is a good idea, though.

971
01:12:40,800 --> 01:12:41,800
Yeah.

972
01:12:41,800 --> 01:12:44,800
I don't know if they do that with calves.

973
01:12:44,800 --> 01:12:48,800
That would be kind of unethical.

974
01:12:48,800 --> 01:12:49,800
Yeah.

975
01:12:49,800 --> 01:12:50,800
Yeah.

976
01:12:50,800 --> 01:12:52,800
Well, they have this lab grown meat now.

977
01:12:52,800 --> 01:12:54,800
That's the next thing coming down the line.

978
01:12:54,800 --> 01:12:55,800
Oh, yeah.

979
01:12:55,800 --> 01:12:57,800
You could just I would invest in that.

980
01:12:57,800 --> 01:12:58,800
I've grown meat.

981
01:12:58,800 --> 01:12:59,800
I'm not going to invest.

982
01:12:59,800 --> 01:13:01,800
Do you think the vegans would be OK with that?

983
01:13:01,800 --> 01:13:05,800
They'd be OK with it, but it's just fucking disgusting.

984
01:13:05,800 --> 01:13:06,800
I don't know.

985
01:13:06,800 --> 01:13:08,800
I don't know if they would be OK with it because it's meat.

986
01:13:08,800 --> 01:13:09,800
No, no.

987
01:13:09,800 --> 01:13:11,800
It's not made from any.

988
01:13:11,800 --> 01:13:14,800
It was never alive.

989
01:13:14,800 --> 01:13:16,800
So it's going to taste like shit.

990
01:13:16,800 --> 01:13:21,800
But what's going on in the news?

991
01:13:21,800 --> 01:13:26,800
Oh, you know, Trump's Trump rested his case in the trial.

992
01:13:26,800 --> 01:13:32,800
So I think they're just waiting for the the it's called the outcome of the trial.

993
01:13:32,800 --> 01:13:35,800
He's been on trial for like four weeks.

994
01:13:35,800 --> 01:13:36,800
Yeah.

995
01:13:36,800 --> 01:13:37,800
For the Stormy Daniels thing.

996
01:13:37,800 --> 01:13:38,800
Yeah.

997
01:13:38,800 --> 01:13:39,800
OK.

998
01:13:39,800 --> 01:13:46,800
It's like it's like tell tell the world that you're just trying to tie him up.

999
01:13:46,800 --> 01:13:52,800
You know, it's like, dude, it's just the fucking it makes it makes a criminal justice system

1000
01:13:52,800 --> 01:13:53,800
look like a joke.

1001
01:13:53,800 --> 01:13:54,800
Right.

1002
01:13:54,800 --> 01:13:59,800
And Biden, right, agreed to debate with Trump.

1003
01:13:59,800 --> 01:14:03,800
But he had all these like stipulations like they there can be any audience.

1004
01:14:03,800 --> 01:14:05,800
He gets nervous.

1005
01:14:05,800 --> 01:14:07,800
Get out of here.

1006
01:14:07,800 --> 01:14:13,800
He said that he said that after the allotted time, I can't get guests to answer a question.

1007
01:14:13,800 --> 01:14:16,800
They would cut off the mic so that Trump doesn't cut him off.

1008
01:14:16,800 --> 01:14:18,800
Yeah, that's fair.

1009
01:14:18,800 --> 01:14:20,800
Yeah, I think that's how it should be.

1010
01:14:20,800 --> 01:14:24,800
But why does it have to be like, why are there all these handicaps?

1011
01:14:24,800 --> 01:14:28,800
Because he's like, like, oh, man, I know.

1012
01:14:28,800 --> 01:14:29,800
That's right there.

1013
01:14:29,800 --> 01:14:31,800
If like you need handicaps.

1014
01:14:31,800 --> 01:14:34,800
Well, I mean, if you're like grandpa, if you're like golfing with the grandpa, you let him

1015
01:14:34,800 --> 01:14:35,800
hit off the handicapped.

1016
01:14:35,800 --> 01:14:38,800
He's like, you know, it's kind of like that.

1017
01:14:38,800 --> 01:14:43,800
So you basically know that it like wouldn't even be a competition.

1018
01:14:43,800 --> 01:14:44,800
All right.

1019
01:14:44,800 --> 01:14:48,800
I'm not going to I'm not going to vote.

1020
01:14:48,800 --> 01:14:49,800
All right.

1021
01:14:49,800 --> 01:14:50,800
That's where I'm at.

1022
01:14:50,800 --> 01:14:51,800
You're not going to vote for anybody.

1023
01:14:51,800 --> 01:14:52,800
No, no, no.

1024
01:14:52,800 --> 01:14:54,800
Robert Kennedy, Jr.

1025
01:14:54,800 --> 01:14:56,800
No, I'm not going to participate.

1026
01:14:56,800 --> 01:14:58,800
I don't have to.

1027
01:14:58,800 --> 01:15:00,800
And the parasite in his brain.

1028
01:15:00,800 --> 01:15:01,800
What's that?

1029
01:15:01,800 --> 01:15:06,800
Robert Kennedy, Jr. said he had a parasite that was removed from his brain.

1030
01:15:06,800 --> 01:15:08,800
Oh, my God.

1031
01:15:08,800 --> 01:15:10,800
What what parasite was this?

1032
01:15:10,800 --> 01:15:12,800
Oh, I don't know the name of the parasite.

1033
01:15:12,800 --> 01:15:14,800
That's just what he said recently.

1034
01:15:14,800 --> 01:15:20,800
Dude, this guy says Wi-Fi is like causing dementia and shit.

1035
01:15:20,800 --> 01:15:23,800
It's like let's see Robert.

1036
01:15:23,800 --> 01:15:24,800
Yeah.

1037
01:15:24,800 --> 01:15:26,800
Oh, I don't know about that.

1038
01:15:26,800 --> 01:15:32,800
Look, dude, the guy is probably fucking paranoid out of his mind because he knows the shit that these companies were doing.

1039
01:15:32,800 --> 01:15:37,800
Well, did you know that, like, everybody with cats has this like parasite?

1040
01:15:37,800 --> 01:15:38,800
Yeah.

1041
01:15:38,800 --> 01:15:41,800
90 percent of people with cats get this like brain parasite.

1042
01:15:41,800 --> 01:15:44,800
Yeah, but you know, that's what they say.

1043
01:15:44,800 --> 01:15:49,800
And it like later in life, it can like make you like a little bit crazy.

1044
01:15:49,800 --> 01:15:51,800
Yeah, dude, I don't know.

1045
01:15:51,800 --> 01:15:52,800
That's what they say.

1046
01:15:52,800 --> 01:15:53,800
It's like the Mad Hatter.

1047
01:15:53,800 --> 01:15:59,800
That's what they say. But cats have evolved with humans for like thousands of years.

1048
01:15:59,800 --> 01:16:02,800
Right. And for thousands of years, we had this parasite.

1049
01:16:02,800 --> 01:16:04,800
Right. So it's fine.

1050
01:16:04,800 --> 01:16:05,800
What is it fucking?

1051
01:16:05,800 --> 01:16:08,800
And there's been crazy people for thousands of years.

1052
01:16:08,800 --> 01:16:12,800
Yeah, because I think you would notice that more crazy people have cats.

1053
01:16:12,800 --> 01:16:14,800
I don't think that's necessarily true.

1054
01:16:14,800 --> 01:16:15,800
I think it is true.

1055
01:16:15,800 --> 01:16:16,800
I don't think it's true.

1056
01:16:16,800 --> 01:16:17,800
I don't know.

1057
01:16:17,800 --> 01:16:18,800
My cats are awesome.

1058
01:16:18,800 --> 01:16:20,800
Is there a study that looks at that?

1059
01:16:20,800 --> 01:16:24,800
I don't know. It's like, well, here's the other thing, right?

1060
01:16:24,800 --> 01:16:26,800
Is that's what they say.

1061
01:16:26,800 --> 01:16:33,800
And I looked into it and you're more likely to get that parasite from eating a fruit because they live on fruits.

1062
01:16:33,800 --> 01:16:36,800
So it's like, OK, have you ever eaten fucking fruit?

1063
01:16:36,800 --> 01:16:39,800
Because you'll get it from that, too.

1064
01:16:39,800 --> 01:16:41,800
So unwashed fruit.

1065
01:16:41,800 --> 01:16:43,800
So if you don't wash your fruit good enough, you'll get this.

1066
01:16:43,800 --> 01:16:45,800
It's literally ubiquitous. It's everywhere.

1067
01:16:45,800 --> 01:16:48,800
It's like not just from cats, you know.

1068
01:16:48,800 --> 01:16:51,800
How come I haven't heard anything about Wal-Mart stock?

1069
01:16:51,800 --> 01:16:52,800
Is that a good one to invest in?

1070
01:16:52,800 --> 01:16:54,800
Yeah, Wal-Mart did like a split.

1071
01:16:54,800 --> 01:16:57,800
It's probably going to split again, I think.

1072
01:16:57,800 --> 01:17:03,800
It's now Warren Buffett was invested in Wal-Mart and he divested from it.

1073
01:17:03,800 --> 01:17:04,800
Divest?

1074
01:17:04,800 --> 01:17:07,800
Yeah, so uninvested.

1075
01:17:07,800 --> 01:17:14,800
I think the right term is divested because it wasn't performing well.

1076
01:17:14,800 --> 01:17:18,800
I just I don't think it has a ton of growth in it.

1077
01:17:18,800 --> 01:17:22,800
But we don't want to lose every listener here.

1078
01:17:22,800 --> 01:17:26,800
We can talk about something other than stocks.

1079
01:17:26,800 --> 01:17:31,800
That's all right. I think we can spend an hour and 17.

1080
01:17:31,800 --> 01:17:32,800
I think we can end it here.

1081
01:17:32,800 --> 01:17:36,800
I think that's good for just just an only stocks episode.

1082
01:17:36,800 --> 01:17:38,800
Yeah, I love it. Yeah.

1083
01:17:38,800 --> 01:17:40,800
That'll be the only only stocks episode, though.

1084
01:17:40,800 --> 01:17:43,800
The only stock. I like that for the episode name.

1085
01:17:43,800 --> 01:17:46,800
Only stocks.

1086
01:17:46,800 --> 01:17:49,800
Oh, does only fans have a stock?

1087
01:17:49,800 --> 01:17:54,800
That's actually a great question, because like I said, I only like to invest in things I use.

1088
01:17:54,800 --> 01:17:55,800
Oh, wait, let's see.

1089
01:17:55,800 --> 01:17:57,800
This message message from Tyler.

1090
01:17:57,800 --> 01:18:00,800
I passed out and just woke up.

1091
01:18:00,800 --> 01:18:03,800
Oh, shit.

1092
01:18:03,800 --> 01:18:06,800
We should we should call him.

1093
01:18:06,800 --> 01:18:07,800
We call him?

1094
01:18:07,800 --> 01:18:10,800
Yeah.

1095
01:18:10,800 --> 01:18:22,800
All right. I'll check into the only fans thing.

1096
01:18:22,800 --> 01:18:25,800
Private.

1097
01:18:25,800 --> 01:18:26,800
What's private?

1098
01:18:26,800 --> 01:18:34,800
Only fans. Oh, damn.

1099
01:18:34,800 --> 01:18:39,800
Come on, Tyler, pick up.

1100
01:18:39,800 --> 01:18:41,800
At least we're end to end encrypted.

1101
01:18:41,800 --> 01:18:43,800
No answer.

1102
01:18:43,800 --> 01:18:44,800
Damn.

1103
01:18:44,800 --> 01:18:45,800
Damn.

1104
01:18:45,800 --> 01:18:46,800
All right.

1105
01:18:46,800 --> 01:18:54,800
Well, if you like this stock related episode, email us until podcast 73.

1106
01:18:54,800 --> 01:18:58,800
We definitely definitely lost.

1107
01:18:58,800 --> 01:19:01,800
I feel like we should do a live episode.

1108
01:19:01,800 --> 01:19:02,800
Yes, I'd love to.

1109
01:19:02,800 --> 01:19:04,800
Where is like broadcasted?

1110
01:19:04,800 --> 01:19:06,800
Yeah, uncensored.

1111
01:19:06,800 --> 01:19:09,800
Uncensored.

1112
01:19:09,800 --> 01:19:10,800
That would be bad.

1113
01:19:10,800 --> 01:19:11,800
No, that'd be great.

1114
01:19:11,800 --> 01:19:12,800
That'd be great, actually.

1115
01:19:12,800 --> 01:19:14,800
How much we got in this slow jar?

1116
01:19:14,800 --> 01:19:15,800
Why don't we do a count here?

1117
01:19:15,800 --> 01:19:17,800
Yeah, count it up.

1118
01:19:17,800 --> 01:19:21,800
That's going to be the prize someday for something.

1119
01:19:21,800 --> 01:19:38,800
We got five, six, seven, eight, nine, ten. Ten dollars.

1120
01:19:38,800 --> 01:19:40,800
It's a lot of slurs.

1121
01:19:40,800 --> 01:19:44,800
Whoever wins it better use it to buy some stocks.

1122
01:19:44,800 --> 01:19:46,800
That's right.

1123
01:19:46,800 --> 01:19:47,800
Is there anything else?

1124
01:19:47,800 --> 01:19:54,800
I mean, I just feel like we're leaving these listeners with, I feel like we've left them with nothing.

1125
01:19:54,800 --> 01:19:55,800
Yeah.

1126
01:19:55,800 --> 01:19:56,800
How's Faraday doing?

1127
01:19:56,800 --> 01:19:57,800
FFIE?

1128
01:19:57,800 --> 01:20:02,800
I have not looked at these fucking stressful meme stocks.

1129
01:20:02,800 --> 01:20:04,800
Oh, they're still at 125.

1130
01:20:04,800 --> 01:20:05,800
Oh, shit.

1131
01:20:05,800 --> 01:20:06,800
That's pretty good.

1132
01:20:06,800 --> 01:20:10,800
It went back up to 138 yesterday.

1133
01:20:10,800 --> 01:20:18,800
So, the other thing I was going to mention, I forgot, you're talking about that ETF that's triple leveraged inverse.

1134
01:20:18,800 --> 01:20:20,800
So, you know how the market went down today?

1135
01:20:20,800 --> 01:20:21,800
Yeah.

1136
01:20:21,800 --> 01:20:22,800
Right?

1137
01:20:22,800 --> 01:20:24,800
So, this one, look at the graph.

1138
01:20:24,800 --> 01:20:26,800
See how it went up?

1139
01:20:26,800 --> 01:20:30,800
That looks like it's going down.

1140
01:20:30,800 --> 01:20:31,800
No, no.

1141
01:20:31,800 --> 01:20:36,800
So, like, okay, so if you look at today, just today, right?

1142
01:20:36,800 --> 01:20:43,800
So, like, when the market really started going down this afternoon, is this small cap bull?

1143
01:20:43,800 --> 01:20:44,800
Hold on a sec.

1144
01:20:44,800 --> 01:20:47,800
This might be leveraged.

1145
01:20:47,800 --> 01:20:51,800
Is this the one?

1146
01:20:51,800 --> 01:20:53,800
T exposure.

1147
01:20:53,800 --> 01:20:54,800
Hold on a sec.

1148
01:20:54,800 --> 01:20:55,800
One second.

1149
01:20:55,800 --> 01:20:56,800
Maybe it's TZA.

1150
01:20:56,800 --> 01:20:57,800
You might be right.

1151
01:20:57,800 --> 01:20:58,800
TZA?

1152
01:20:58,800 --> 01:21:01,800
Yeah, TZA.

1153
01:21:01,800 --> 01:21:06,800
Inverse leveraged.

1154
01:21:06,800 --> 01:21:08,800
Okay, yeah.

1155
01:21:08,800 --> 01:21:10,800
So, this is a one day chart.

1156
01:21:10,800 --> 01:21:15,800
You know how the market went down and now at the end of the day, it started to come up just a little bit?

1157
01:21:15,800 --> 01:21:16,800
It leveled off.

1158
01:21:16,800 --> 01:21:17,800
Yeah.

1159
01:21:17,800 --> 01:21:18,800
Right?

1160
01:21:18,800 --> 01:21:20,800
So, it's exactly inverse.

1161
01:21:20,800 --> 01:21:21,800
Oh.

1162
01:21:21,800 --> 01:21:23,800
But it's like three times as much.

1163
01:21:23,800 --> 01:21:29,800
So, it started the day at 1758.

1164
01:21:29,800 --> 01:21:36,800
So, what would be beneficial to keep, like, money in that stock and just sell it when it crashes, the market crashes?

1165
01:21:36,800 --> 01:21:40,800
That's what I said and my brother said that it resets every day.

1166
01:21:40,800 --> 01:21:41,800
Oh, my God.

1167
01:21:41,800 --> 01:21:44,800
So, it's not something that is meant to, like, hold.

1168
01:21:44,800 --> 01:21:45,800
Oh.

1169
01:21:45,800 --> 01:21:50,800
So, I don't know if it's the price resets every day or something about it resets every day.

1170
01:21:50,800 --> 01:21:52,800
So, you can't do that.

1171
01:21:52,800 --> 01:21:53,800
Right?

1172
01:21:53,800 --> 01:21:58,800
So, it's meant to be like you purchase it by the day.

1173
01:21:58,800 --> 01:22:01,800
So, if the market was going to...

1174
01:22:01,800 --> 01:22:03,800
It's like a real shitty day.

1175
01:22:03,800 --> 01:22:04,800
Right.

1176
01:22:04,800 --> 01:22:09,800
Like, if the market was going to consistently be down, right, and you knew that, you'd buy it every day.

1177
01:22:09,800 --> 01:22:11,800
What's it called?

1178
01:22:11,800 --> 01:22:13,800
That's TZA.

1179
01:22:13,800 --> 01:22:14,800
TZA.

1180
01:22:14,800 --> 01:22:15,800
Yeah.

1181
01:22:15,800 --> 01:22:16,800
So, this is...

1182
01:22:16,800 --> 01:22:17,800
So, say you bought it this morning.

1183
01:22:17,800 --> 01:22:20,800
You knew it was going to be a shit day.

1184
01:22:20,800 --> 01:22:21,800
Right?

1185
01:22:21,800 --> 01:22:28,800
So, we have $1752 to $1883.

1186
01:22:28,800 --> 01:22:31,800
So, you put like $50 grand on that.

1187
01:22:31,800 --> 01:22:41,800
So, divided by $1782 equals $2805.

1188
01:22:41,800 --> 01:22:44,800
So, you have...

1189
01:22:44,800 --> 01:22:54,800
I had this idea written down that we play who wants to be a millionaire, but we put a shock collar on Ali Mac.

1190
01:22:54,800 --> 01:22:55,800
Shock him.

1191
01:22:55,800 --> 01:22:56,800
You know, one of those dog ones.

1192
01:22:56,800 --> 01:22:57,800
Yeah.

1193
01:22:57,800 --> 01:22:58,800
Shock him every time he gets it wrong.

1194
01:22:58,800 --> 01:22:59,800
We could do that.

1195
01:22:59,800 --> 01:23:00,800
We could do that.

1196
01:23:00,800 --> 01:23:01,800
It wouldn't kill him.

1197
01:23:01,800 --> 01:23:02,800
Dude, easily.

1198
01:23:02,800 --> 01:23:05,800
That'd be so funny.

1199
01:23:05,800 --> 01:23:06,800
They're like 40 bucks.

1200
01:23:06,800 --> 01:23:08,800
Dude, I'm down.

1201
01:23:08,800 --> 01:23:12,800
I will throw in some money for that.

1202
01:23:12,800 --> 01:23:15,800
I don't know if he would let us do that.

1203
01:23:15,800 --> 01:23:16,800
Maybe he doesn't have a choice.

1204
01:23:16,800 --> 01:23:19,800
Well, I mean, dude, it's going to be involuntary.

1205
01:23:19,800 --> 01:23:21,800
Yeah, exactly.

1206
01:23:21,800 --> 01:23:24,800
But, more stock talk tomorrow morning.

1207
01:23:24,800 --> 01:23:25,800
I like to...

1208
01:23:25,800 --> 01:23:26,800
Here's my thing.

1209
01:23:26,800 --> 01:23:29,800
I like to be done by noon.

1210
01:23:29,800 --> 01:23:32,800
I don't want to look at stocks past noon.

1211
01:23:32,800 --> 01:23:33,800
You know?

1212
01:23:33,800 --> 01:23:34,800
Yeah.

1213
01:23:34,800 --> 01:23:37,800
Don't you think they usually like hit their peak around noon, one o'clock?

1214
01:23:37,800 --> 01:23:38,800
Yeah.

1215
01:23:38,800 --> 01:23:39,800
Well...

1216
01:23:39,800 --> 01:23:40,800
Then they start going down.

1217
01:23:40,800 --> 01:23:42,800
I usually take some morning squeezes.

1218
01:23:42,800 --> 01:23:46,800
Then, if I can just make a little bit of money, I'm out.

1219
01:23:46,800 --> 01:23:47,800
Yeah.

1220
01:23:47,800 --> 01:23:51,800
I just buy it the night before because I usually sleep during the day, right?

1221
01:23:51,800 --> 01:23:53,800
Because I work night shift.

1222
01:23:53,800 --> 01:24:00,800
If I'm day trading, I'm just up doing it between sleeping.

1223
01:24:00,800 --> 01:24:01,800
Right.

1224
01:24:01,800 --> 01:24:02,800
Yeah.

1225
01:24:02,800 --> 01:24:09,800
It's just too distracting, so I'm trying to limit it to the first, just the morning.

1226
01:24:09,800 --> 01:24:12,800
So, yeah.

1227
01:24:12,800 --> 01:24:14,800
All right.

1228
01:24:14,800 --> 01:24:18,800
Well, don't get addicted to stocks.

1229
01:24:18,800 --> 01:24:19,800
Take her investment advice.

1230
01:24:19,800 --> 01:24:20,800
That's right.

1231
01:24:20,800 --> 01:24:24,800
If you liked it, like us on Facebook and X and Tesla.

1232
01:24:24,800 --> 01:24:25,800
Elon.

1233
01:24:25,800 --> 01:24:26,800
That's right.

1234
01:24:26,800 --> 01:24:27,800
All right, kids.

1235
01:24:27,800 --> 01:24:28,800
Be kind to yourself.

1236
01:24:28,800 --> 01:24:29,800
Hand each other.

1237
01:24:29,800 --> 01:24:30,800
We out.

1238
01:24:30,800 --> 01:24:31,800
We out.

1239
01:24:31,800 --> 01:24:32,800
For all we know, robots have sold their heads.

1240
01:24:32,800 --> 01:24:33,800
We out.

1241
01:24:33,800 --> 01:24:39,800
For all we know, robots have sold their heads.

1242
01:24:39,800 --> 01:24:41,800
We just don't know if they do or don't.

1243
01:24:41,800 --> 01:24:42,800
How do you know?

1244
01:24:42,800 --> 01:24:49,800
Have you ever been a cyborg or a robot?

1245
01:24:49,800 --> 01:24:52,800
You think we were the first ones to inhabit this planet?

1246
01:24:52,800 --> 01:24:53,800
Fuck no.

1247
01:24:53,800 --> 01:24:54,800
No, no.

1248
01:24:54,800 --> 01:24:57,800
We are jumping down this fucking rabbit hole.

1249
01:24:57,800 --> 01:24:58,800
Yes, we are.

1250
01:24:58,800 --> 01:25:04,800
There's people out there with some really dumb thoughts.

1251
01:25:04,800 --> 01:25:05,800
Extended episode.

1252
01:25:05,800 --> 01:25:06,800
Where the fuck did the pyramids come from?

1253
01:25:06,800 --> 01:25:11,800
Where the fuck did Stonehenge come from?

1254
01:25:11,800 --> 01:25:18,800
You're telling me that they didn't die and become ghosts?

1255
01:25:18,800 --> 01:25:19,800
Oh, they're killing, they're killing all already-born babies and selling them to the Chinese.

1256
01:25:19,800 --> 01:25:20,800
Aliens exist, as you see.

1257
01:25:20,800 --> 01:25:21,800
Somewhere in China.

1258
01:25:21,800 --> 01:25:22,800
Right.

1259
01:25:22,800 --> 01:25:23,800
In some base.

1260
01:25:23,800 --> 01:25:24,800
What the fuck?

1261
01:25:24,800 --> 01:25:27,800
There are super soldiers that are at least 9 or 10 feet tall.

1262
01:25:27,800 --> 01:25:28,800
Okay?

1263
01:25:28,800 --> 01:25:29,800
Pumped up with the Sauron.

1264
01:25:29,800 --> 01:25:30,800
They have dread.

1265
01:25:30,800 --> 01:25:31,800
Most super soldiers.

1266
01:25:31,800 --> 01:25:32,800
Then they are extraterrestrials.

1267
01:25:32,800 --> 01:25:33,800
They are aliens.

1268
01:25:33,800 --> 01:25:34,800
I do not negotiate with terrorists.

1269
01:25:34,800 --> 01:26:02,120
I do not negotiate with terrorists.

1270
01:26:02,120 --> 01:26:09,120
I do not negotiate with terrorists.

1271
01:26:09,120 --> 01:26:16,120
I do not negotiate with terrorists.

1272
01:26:16,120 --> 01:26:41,280
I do not negotiate with terrorists.

1273
01:26:41,280 --> 01:26:48,280
I do not negotiate with terrorists.

1274
01:27:11,280 --> 01:27:32,280
I do not negotiate with terrorists.

1275
01:27:32,280 --> 01:27:51,280
I do not negotiate with terrorists.

1276
01:27:51,280 --> 01:28:06,280
I do not negotiate with terrorists.

1277
01:28:06,280 --> 01:28:24,280
I do not negotiate with terrorists.

1278
01:28:24,280 --> 01:28:36,280
I do not negotiate with terrorists.