Hello and welcome to this episode of the Penny Lane podcast. I am so excited to tell you guys who Henny from Penny is going and Roz here. This was one of my all time favorite episodes, and I loved getting to talk to him. I hope you guys enjoy it, too. Whew. Hi, welcome to the Penny Lane podcast.
Hugh Henne:Hi, guys, thank you so much for having me.
Blayne Macauley:Thank you so much for coming. I feel like you might be the biggest guests we've ever had. Really, for, for a couple reasons. But mostly because I've been so like public on the podcast and saying that, if you didn't have your podcasts, there's no way that we could have had hours. So we owe you a huge debt of gratitude.
Hugh Henne:I think it's so cool. I mean, I, when I first started trading, I listened to a few podcasts. And it's funny cuz I went back on, like Apple podcasts the other day, usually on Spotify. And some of them were still there. And I even like listened to the first like five or 10 minutes. I was like, Oh, God, I was like, this is and you know, I, I get it. But at the same time, I was like, man, like, I really thought that, you know, like the way of like, reading filings and like, you know, just talking about, you know, share structure and things like that was like the only way that you could possibly talk about you know, finances. Um, so I think it's so cool to see, you know, you know, your podcasts. I know, some others like Teddy has a podcast now. Yeah, I think it's, I think it is so cool.
Blayne Macauley:Well, we, I mean, I think your podcast is the best. My favorite one, I think was when you guys interview, interviewed Tommy for the very first time. And he was like, on his couch and he had the microphones and you guys were like brand new and he was brand new. And it was like, You guys had just met on Twitter. And he was like a COVID trader and you guys were just shooting the shit. But like I love I love that episode because it was just so raw. And also I'm a COVID trader. So I was like if he can be on their podcasts like, like any.
Hugh Henne:Yeah, yeah. No, I love that. That is so cool. Yeah, it was really funny meeting Tommy because it was like he'd said, he'd sent me like a snapshot, or Snapchat. I was like a snapshot of his genius calls or whatever. And I hadn't seen it. He had done that, like March or whatever. And I hadn't seen it. I think we had him on in July of last year. And it was like, Hey, bro, like, should I keep rolling these and they were like, I don't remember what they were. But they really they're like 10,000% or something or like, like, just something so crazy. And I was like, like, after the fact I was like, oh my god, like, it's so much. But it's so cool.
Blayne Macauley:Well, it's so incredible to see the progression of where you guys have come like I've heard a little bit in it. I don't know where I heard this information, but just you guys were in Atlas, I guess. And Dan was like, Yo, man, you want to start a podcast and maybe then he told us that because you know Vinnie is come on? Well, Vinnie. He's one of my favorite people. And just like, Hey, should we start a podcast to like? Is there any other trading podcast that talks about? Day trading? That is any like, are you guys just at the very top of that market? Yeah. Right.
Hugh Henne:Well, that was the thing was that Dan, but this was Dan's podcast.
Blayne Macauley:Like that.
Hugh Henne:Like, he was like, hey, like, like, do you want to do a podcast on Saturday? And I thought, like, this is like a formulated like thing or whatever. And then like, the next week, I was like, hey, like you do anything? And I was like, No, not really. Yeah, here we are a year and a half later. Um, and that's pretty much how it went. But Dan dams, I mean, I'm not really that creative. Dan is Dan Well, yeah.
Blayne Macauley:Did you hear on my or Vinnie episode? I was like dancing most creative person. I don't know, Dan. I never like spoken to Dan. I'm a pretty like, my entire career is being an artist. Like I know a ton of creative people in dan wins. Like, I know what goes on in his mind. Props, like, and he's so confident to just do like the wildest shit. Like I wish that I had half of that confidence.
Hugh Henne:Oh, yeah. Yeah, no, our lawyers love it, too. No, seriously, being inside a creative meeting. I mean, when the team gets together, we had these creative meetings. It's like, I feel like so stupid. Like, I feel like the kid in the corner because I'm sitting there. And you know, it'll, I'll be like, yeah, like, you know, like, let's, let's really try and step it up. This we can talk about like HSAs and then like, dad's like, got, like, we should go here, here, here, here and then showing them great. Like, our manager will come in, come in and be like, Oh, he like, you know what, like, I saw David dobrik Do this once I'm like, holy shit like this, he's like, this is way better, you know. And he's like we could, you know, like I already have like the tile idea and I'm just like sitting in the corner. Like, I was just telling me like when I leave you guys. So it's really cool when, when the entire team works together and like I said, Dan's entire vision from the beginning was like, you know, nobody does. Just similar to like, what we're doing now it just talks about finance is always like, an agenda. And and to be fair, I'm gonna I'm a very Gen like, agenda dice. Is that a word?
Blayne Macauley:I don't know. So I think we know you mean, so? Yeah. Like, I'm
Hugh Henne:a person like, I like an agenda and and he was like, you know, I love sports talk radio. I love it. And he's like, we if we brought it to finance, like who wouldn't? Listen, I was like, everybody, but somehow somehow it's worked.
Blayne Macauley:Well, it you guys certainly captured lightning in a bottle. It's incredible. And I'm so I'm feel like such a big fan. Just because I got into trading when you guys started. I think I listened to the first episode. So to like, watch the arc of where you guys gone. I feel like I don't know you guys, but I'm like, these are my friends. Like, these are like, I'm just so happy for you guys.
Hugh Henne:That makes me so happy. Because that's that's truly like how we feel like we truly feel like, like, like, we've got like, it was Friday night. I was in Philadelphia, and some kid walks up to me and gives me a hug. And I was like, a little caught off guard for like, a half a second. Sure. Because I was like as like, surely I know it from high school. He's like, dude, like, like, you know, like, how did those Tesla calls work out? And I was like, Oh, my, like, this is so cool. You know. So it's like, it's almost like, everybody's just going on with us. And it's such an awesome thing.
Blayne Macauley:Well, and now, I mean, not to like, I don't want to be like, whatever. You guys are sort of famous now. Right? Like you have kind of like, in especially in this tight bubble that we all live in like this, the FinTech community. I'm closer with my trading friends than I am with a ton of my real life friends, because I'm talking them all. I mean, they know about things going on in my life that I haven't told my real life friends, but like in that community, like, actually, can you tell us about the Reno? Tell us about Rena, like, I'd love to know how that got started. And sort of your thoughts about the whole thing?
Hugh Henne:Yeah. So my, my biggest thing is always that I always wanted, like, I was always huge into trading, obviously. But I always had this bigger goal, like this bigger goal that, you know, whether it be like, I don't care if everybody trades, like in fact, I don't want everybody to trade. I mean, I do but but my point is, is that is that there was always like this thing that that personal finance and financial literacy is so far, so far off the cost of focus. I feel like I have so many people, like even my parents, my parents, we were talking about their traditional 401k One day, and my mom, my mom goes, this was like the sentence that said that, like the light went off. She was like, I don't know, like the guy Prudential does it. And I'm like, hang on a minute. What do you what do you mean, you know, and she was like, you know, she didn't work at the same place for 25 years. You know, I was like, hang on a bit. So you haven't done any, like, you haven't looked at any of this and like 25 So that was like the light that went off. And Reno actually, I was interacting with just someone to the DMS on Christmas Eve. And in you know, my plans were so we're so hopped in that, those VMs Yeah, and ended up being, um, you know, one of the professors at the college, and we just kept talking, and at that point, I was just trading, and then it turned into hay. Like, I had this MBA class, like, will you come speak to them? And so I did that in March, April, and May, I think it was, and, and then it was, like, we were just talking about, like trading competitions, and like a few that I had done and stuff. And he had told me that they were trying to do this one. And immediately I was like, hey, like, let's set up like, like a call, like, let's just talk about it. And then immediately like my synergies with the school, synergies were like, right on token and it was something that I was super excited about. And, and it was basically like, Hey, listen, like Q like, you can be yourself like Mitch, do your thing. And, and it's fine. Just, you know, keep it college level. But other than that, you know, like, you want to bash college, you can bash the idea of college, you know, and, and stuff like that. So that then it progressed from there. And I was like, hey, you know, we would go to like UFC fights or I would just be out in, you know, like, I live near New York City and I would just be out and I'd see like three or four people that listen to podcast here and there. Or like, we tweet out, you know that we were going to breed Carolina concert and like a few people show up. So I was like, hey, like, you know, let's do a live podcast out there. And, again, comes back to the creative team. They were, they were like, all over it. And, and so we were like, you know, if you get 50 people show up, like, that's great. You know, and then within, within a matter of like, two days, we had a few 100 people sign up. So then it became like, oh, shoot, like, not gonna make this like a second thing. So yeah, so the goal there was for the students and for the college. So it was basically like, we, I would speak at the college during the day, and then, you know, come back and defend twit at night. And it was, it was an awesome, awesome experience. And I mean, just it was so cool. Because it would be like, like, hey, like, I'm Dark Vader on trigger. I'm like, I know, like three of you, you know? Oh, no, like the one like the blue blue one. Yeah, like,
Blayne Macauley:make people wear their name tat like I,
Hugh Henne:I tried, but it would see the see the issue came down to a lot of are a lot of people that showed up where it was male dominated,
Blayne Macauley:and the trading
Hugh Henne:was male dominated. And the male species I've learned, myself included, does not have great handwriting. So a lot of people were reading queue as Holly and wondering who the hell I was. So, you know, we just the name tags about like 30 minutes, and we scrapped it. We scratch
Blayne Macauley:here. Yeah. Well, my good, very good friend who has helped me incredibly, real simple. Arial donut.
Hugh Henne:Jazz, of course. Yeah, he was there.
Blayne Macauley:Yeah, he was there. And he loved it. And like, every time I talked to him, he was just like, why Matt? Like, bear Fokker that said that you say it. I always want to, actually fucker or like,
Hugh Henne:that is that is? No no, it is. And I didn't know the movie that it came from. In fact, like, I still knew that movie that comes from but it comes from some movie.
Blayne Macauley:Well, he's he really enjoyed meeting bear pucker. I also was like, bear hugger, you should come on the podcast. And he's like, out we'll see.
Justin:I can't
Hugh Henne:give bear on my podcast. I've known bear for like, three years now. The fact that we got into Reno is still astonishing, like, and the thing is, it has a real saying, like, he stole the show, like, I'm sitting down, like, how am I gonna get notes? Like, let me write this down as as bear talks. Because it was it was it was like, he bought like, he burns like a science to it. And I guess like, like, I just never really like see, like, I you know, I don't really trade too much momentum, except unless it's like super hot. So, you know, see that like side of it was awesome. He like stole the show. And I was like, Are you serious? Are you what do you what do you do? You should have a podcast, you know. So, you know, overall, there was it was awesome. It was so cool. Next time, we're definitely doing like a more metropolitan area than then. Reno, Nevada was Tuesday night.
Blayne Macauley:That's my next question is do you have plans for another one?
Hugh Henne:I definitely. There's a well, okay. There's no plans for another one. Just yet. Because I mean, it is just been, it feels like back to back to back recently. Like, pretty much. I know, I know, at least for Dan and I and the team. Were pretty much booked through like, like Monday through Sunday, through mid midway through doing right. So there are plans for another one. It's just their high level.
Blayne Macauley:I feel like you could just go to Texas and send a tweet like, right now we're in every Why does everyone live in Texas? What's the deal?
Hugh Henne:You know, I as far as like, as far as the guys that I know that that live in Texas. It was it was one taxes. And two, I mean, some of these houses you can get for like$600,000 Like, my apartment could fit in the garage, and I pay more than their mortgage. Like it's just insane. And then I think it was like, there's just like this, you know, like, what am I like, there's migration, you know, like, yeah,
Blayne Macauley:there's
Hugh Henne:stages, there's all moving. It's nice because it's like, okay, now I only got to go to one spot, you know,
Blayne Macauley:why don't you move to Texas. You know,
Hugh Henne:I'm gonna do something purely if it's not because I like I enjoy New Jersey. It's just I'm, I'm not paying taxes like it just doesn't make sense. It just doesn't make sense for me to live here full time, but I don't know what the move is gonna be first. For parents.
Blayne Macauley:That's for your family. Your family's in New Jersey, right? And you have a twin. I kill me jersey.
Hugh Henne:Yeah, yeah. So my parents grew up in like South Jersey, I live in North Jersey near the city. And the goal is to move them, which is, which is the big speed bump. And then, and then I'll fall down.
Blayne Macauley:Now as your twin sister, how have you made her rich as your twin?
Hugh Henne:Uh,
Blayne Macauley:it's no, like, I have to ask,
Hugh Henne:you know, it's actually funny because her and I had this conversation recently, like, this morning, actually. Timely, literally this morning, because this week, I have no, so this week, basically, I've been trying to get her to open up a Roth IRA for five years, like literally five years.
Blayne Macauley:Now check, surely, you know, her social security number and could do it for her.
Hugh Henne:What? So I opened up the Roth IRA, I literally deposited the money into her account, all she had to do was go to the bank and like, verify, like, that's all she had to do like the money, like, that's all she had to do is I'm talking like two and a half years ago, she didn't do it. And I was like, you know, Screw this, like, I like, I got to make myself rich first, you know? And so like, I'm not putting more effort into her than mine. And then and then she didn't do it. So then finally, it was actually a little BC. I like love BC TX. Like i i love the stock. So when BC TX did the other day, I was like, Screw it like you're doing this right now. And so she pulled like the very bottom of BCTs. She's up, I put her all the way in. She's up like seven and a half percent. And she's like, Mitch, like, I'm up a paycheck. And I'm like, good dummy. Like, yeah, like, I've been trying to do this for three years. So so more of the story is that i She does have an account that she doesn't know about. But her Roth IRA rates up 7% And it too, literally started on Friday.
Blayne Macauley:Well, that's an incredible first first trade. Well I love how much like stocks and trading have permeated the culture that F Did you watch the World Series last night? They have like NFL MLB NF T's and it is everywhere you look and I'm it's sort of one of those things where like, Am I just seeing it now? Because I'm really into it? Or is it literally everywhere? And I think it's everywhere?
Hugh Henne:No, it's I mean, it's literally everywhere. If you think about like I saw like a Bitcoin ATM the other day. And I was like, in a liquor store. I was like, Oh, this is good. Like, I'm gonna go trade Bitcoin at 1am and then, you know, when if bitcoin falls, I'm then gonna cash out, you know, at the liquor store, like it's just, it's really funny. I think it's like one of those things where, you know, it's just like, it's just like, people, it's just like, it's such a new thing. And there's so many unknowns to it that's like your skirt because if it ends up being you know, the next currency, let's call it or whatever, you know, then anybody that has any Bitcoin will be or anybody that has an ether or anybody that has an NF t you know, I mean, I think just like the the unknowing fasten fascination is just so cool. You know for sure,
Blayne Macauley:Justin. Hey, hi,
Justin:just third wheeling.
Blayne Macauley:Welcome to the Finney Lane podcast. Justin. I am so sorry. I have fangirled Smashburger did this interview
Justin:you would no
Blayne Macauley:reason to apologize to any questions. Would you like to say anything? Yeah,
Justin:I just want everybody to know that I'm here. I'm alive. I want you
Blayne Macauley:are are you look like you're sitting in like a very dark wine cellar drinking a Bordeaux or maybe
Justin:did this with the camera and it's not. So this is what you get? I'm feeling sultry. I'm still lonely. No. Look, I'm not gonna jump in here when you guys are just Hobgoblin.
Blayne Macauley:I know what that means. But I don't
Hugh Henne:know what it means. Like you
Justin:just have not you just you know if you're like work in a room or whatever, right? You're very conversational. You're very jovial you but I'm not gonna I'm not gonna jump in there with some stupid ask questions.
Blayne Macauley:The other day, Jimmy, my husband was like, you know, at work. I just shoot the shit and you shoot the shit like, what is it? I've never seen you shoot the show. We've been married 10 years.
Justin:Wow, now you're dating yourself because I think a lot of people still say that word.
Blayne Macauley:I'm huge. Justin is my brother in law. Oh, that's awesome. Yeah. Oh, yeah. She's married to my sister. Oh, you're looking better. You're looking more alive
Justin:working on it work. Yeah.
Blayne Macauley:So we started the podcast because we were at the beach just kind of drunk. And I was like, I gotta tell you something. I opened a Robin Hood. And then we talked for like, three hours. Now I have podcast. So
Hugh Henne:I think I remember on Vinnies episode, I think it was a penny. I think you were I think you were working on your airlines trade or?
Blayne Macauley:Yes. Yeah. It had to be settlement was.
Hugh Henne:Yeah, that was it. That's what it was. I love it. I love it so much. I think it's, I think the whole you know, Coronavirus, or corona traitors is a it's so crazy, because that's like the I don't say that perfectly, because that's, that's totally inaccurate. But it's just crazy, because trading just kind of need that catalyst. Like if this had happened inside the 70s and 80s. There wasn't accessibility like people would just be watching TV, I guess. But because of the accessibility, especially into the past three years with the formation of Robin Hood in free trading and you know, again, the accessibility factor. It's like Coronavirus wasn't the catalyst. Totally. And the timing was perfect. You know, oddly Perfect. Well, it
Blayne Macauley:also is so gamified now, yeah, that it's it's like a addiction or whatever. Like it's, you do a good trade and there's those whatever, endorphins, endorphins, that's what I mean to say, which is, like addictive and you have instant access and you can be in and out of trade so quickly that it's that is it. People also needed a distraction during COVID. I think like, oh, I might die. My entire family might die. I need to get real focused on something else. Or at least I did.
Hugh Henne:Yeah. Yeah. And of course like that, but like get rich factor, you know, comes away. Like you see that? You know what I mean? Who does you know? I mean, yeah, me? Yeah. When I get into my call, this is like 500%.
Blayne Macauley:Justin, if you ever felt that
Justin:every single trade you know what's funny, is I read something. He did not come up with it himself. This this guy. I don't know what I don't know where I read it. But he just said, I expect every trade that I get into to go up 1,000% and shit evitable II does it then I just trade my plan. Yeah.
Hugh Henne:I love that. So because because even even I was talking to investors live he has an investment. Yeah, literally yesterday, we're talking like, um, you know, I think I think we're measured in like, hey, like, do you see this? Like, I think it was like KU LR something like are soaking you know, I mean, it's like, oh, man, like 175 or, I mean, it was like, three 320 should come no problem is trading like 150 or something. I mean, it was like, we had like, messaged, like, at the end of the day or something we did hit 320. Like, did you hold is like, I was out by like, one seven? You know? Stuff like that to where it's like, it's like every time it's like oh, man, like it goes to be 20 Oh.
Blayne Macauley:So I have a question. Yeah, this is a deep a deep breath. But a long time ago. You said that when you're doing your DD on the company's you had burner emails? Yeah, you still do that? You still have time to do that. That No,
Hugh Henne:legally I don't think I'm allowed to do like, I don't know apparently my lawyer told me to stop doing that. So I stopped doing I don't think I technically broke I also she told me not to talk about it, but it's wrong. It's it was it was like one of those things where I think it was like, you know, like that little bit of like, don't do that anymore kind of thing. Don't do that anymore. Just send them 1000 emails from the same email.
Blayne Macauley:So you know people do that now. It's a thing you started like a revolution.
Hugh Henne:I am also aware that that's that's awesome. That was also on the list of like, like to go
Justin:I don't know you shouldn't feel bad so in my honest opinion, I'm an isolate some out there and I'm so sorry. But they have overly paid giant investor relation departments exactly for that reason. So what's what's exercise them a bit let's take them for a walk.
Hugh Henne:I agree. Like I feel like it comes down to like intent, like I wasn't like, like, I'm not trying to To like, like badger them, I'm just like, I'm just like, hey, you know, if 10 different emails come in, like, maybe they'll be like, Fuck you like, I'm like, I'm not hiding who it is, like I had, I had Mitch Hennessy, you know, like Hennessy. And like it was, you know what I mean? And then I had a few like John Smith, you know, like, it wasn't like John Smith, or like, Jimmy Graham, were like, I had one like Drew Brees, you know, like, like, I was really, like, like, I was like, really into like, the Saints saints, football team. And I, you know, so it's like, it's like, I wasn't hiding. I was just like, he, you know, good ain't
Blayne Macauley:so. But like, when it's like three o'clock in the morning, and you're finding out where their like daughter goes to high school? Yeah. People do that people people Instagrams. Sure.
Hugh Henne:I'm not gonna act like, like, we don't do it's any girl that I go out with, or not the eventual girl that I go out with, you know,
Blayne Macauley:the one with the proper Roth, you know,
Hugh Henne:likes my work, you know, stuff like that. I'm not gonna pretend like, like, we don't do that in days. So I'm going to pretend like, but you're, I truly believe it. And this is totally on top by truth with your direct, you know, like that your environment has so much to do with it. So like, when I saw like, you abs, like when I saw like, the daughter was, you know, like, eight like, love drones. And like, she worked for the company, but and like, was like a chemical engineer, mechanical engineer. Like, I was like, This is a family that like, like, the the owner, the the CEO, who was the owner had never sold a share. I was like, these are people that like, believe in what they're doing. Like, this isn't like some bullshit like holding company that's just trying to create liquidity to drop it off or into do reverse, but like, these are people who genuinely do it. So I, you know, it's like, someone called me like a weirdo. And I was like, I guess, bro, but like, at the end of the day, like if I lost money, because I didn't, you know, and let's just say that I had seen the CEO daughter. She's like, like, my dad hates drones. You know, like, I found her tweeting that and I lost money. Yeah, I'd be so much
Blayne Macauley:sure. When I lost like, you know, half of my starting capital on SPAC. I was pretty deep into Fiskars daughter's Instagram. Yeah, she like cars again, getting to know everything about
Hugh Henne:I can put She's a tough read because she posts Fisker, but then it's like she's selling merch. And I'm like, What are we doing here?
Blayne Macauley:Remember when she like last summer she like finally? Somewhere? And there were like cupcakes. Yeah, yeah. Whoo hoo. It was like a murder mystery. I mean, not murder, but like, the same same? Pieces? Yeah, um, question? What's your take on thinking that really hot girls on Twitter who trade the account may be run by a man?
Hugh Henne:So, like, what's my take on?
Blayne Macauley:Do you think that that's true? Because I have mixed feelings. Because I really like to represent like women in trading and like women empowerment. I think they're underrepresented. But like, I also would say that I think that some of the accounts are run by men. Oh, definitely anywhere.
Hugh Henne:Definitely. One 100%, as you said about like, like, again, I have a twin sister, like, my mother is a very what's the word I'm looking for? empowered woman, I'll call her she like, I love it. Like, also the whole women in finance. You know, like, I think it's so important that, you know, especially women that like, just open up a brokerage account, because but the, the, the terrible side to it is that, like, I know, for a fact that there are a few accounts out there, like, like, off the top of my head that, sure, I'm
Blayne Macauley:sure we know, the same ones come out to see what's happening.
Hugh Henne:It's like, it's like you, you take you trade less. I mean, you take more pictures than you trade, right? It's like, it's like stuff like that. So so it is a shame. But, um, but I would say that that is like that, um, I, I also think that, um, that it comes down to, you know, most of the girls that I've actually met on Twitter are, um, say I say that like, there's like a bunch. It's like three, you know, they actually put like LeBron James as their profile picture. You know, they're not, they're not putting it out there.
Blayne Macauley:Like, ask, you know, ask,
Hugh Henne:yeah, yeah, perfect example. Guys. What a great person she is all
Blayne Macauley:of ask. I absolutely love her. I made my mom listen to that episode, and my mom was like, She's got it. I was like she has it. She's incredible. Anyway, when I first interviewed her for season one, yeah, she came on and she was like, I guess I have to tell people, I'm a girl. And I was like, good for you. Like I just had, they're killing it. And not saying anything about being a girl. And people like, absolutely respect her. She's so transparent. She's so good. And it has nothing to do. I don't know, i She's just my idol.
Hugh Henne:Love Actually, we talked about this maybe like three or four weeks ago, and I personally so I do, and I might catch me for this. I do believe that men and women have like, handled different things because they are because that they're like, women are more nurturing. And men, you know, are dumb. You know, like, like, that's true. When it comes to like trading. Like, I think that some of the things that like women have just like my mom, sometimes she'll just, like, feel like a stop. She'll be like, Yeah,
Blayne Macauley:I don't want to die. Of course, that Vinings half my stretch.
Hugh Henne:And I'm like, What are you talking about? This looks great. And then like, it's like, at the end of the day, I'm like, smoked on it. I'm like, I can't believe it. I can't
Blayne Macauley:I do that on any I call it any but I think it's pronounced any all the time. I'm like this my girl like I like love stuff for No, I mean, they turn can be like in the shitter. And I'm like, I don't know, I can't think she's feeling it. Well, that's the
Hugh Henne:thing is that everybody makes fun of me because I because I'm not huge technical trader. Oh, yeah. Like, this is good. You know, this, like, this looks great. You know? And it's just because like, it's just like, like, we've talked about VCTs earlier. Oh, this is definitely Bob goes Bob. Hell no, I'm just like, I need to go lower. But it was like, this is bottom.
Blayne Macauley:Yeah, the reason? So before I started trading, I'd have a long talk with my husband. I was like, I know, I sound insane. But like, I think I can do this. And it was literally what I said earlier about my mom, I'm like, I've been reading the morning brew mom, I think or Jimmy, my husband like been really morning brew. I think I got a couple winners, I start trading. And so he was like, Okay, well, before you do this, you should speak with someone who actually trades This is before I told Justin when I was drunk. So I called my friend's husband, I was like, I know your anything. I'm insane. But like, I think that I might start trading. And he was like, oh, women make excellent traders because they have no problem admitting they're wrong. And I was like, Yeah, I can say I'm wrong all day. And I think about that a lot. Like I'll just set a stop loss. And if it hits I'm like, fuck it. Like,
Hugh Henne:that's a really good point. That's a really good point. Yeah, I yeah, I mean, that's, that's a
Justin:row a school guys won't stop and ask for directions.
Hugh Henne:Totally. Yeah, totally.
Blayne Macauley:I haven't watched men in MTA. You know, I'm a big I'm an MTA all the time. MTA is my my main discord. And I will watch man at just average down on shit that I'm like,
Justin:an easy, easy, like,
Blayne Macauley:why don't we cut in or lower? Like, whatever. But like the averaging down? I just like, I don't I can't do that. Yeah, yeah, I got it, just take the loss and then be like, either play sad, or it's not bad. But I gotta just take this loss.
Hugh Henne:That's a really good point that I that I'd never thought
Justin:of. What's your stance on averaging down here?
Hugh Henne:Yeah, so my biggest thing is that, especially because predominantly, I swing trade, it actually that's like, we're 90% of like, like, let's call like my wins come from is swing trading. So the biggest thing is that if I'm waiting for a catalyst, and I truly believe, and I truly have conviction, I'm totally okay with allergy. Now. I always say that, it like, in my experience, the AD AD AD almost never turns out, right. Unless you're the type of person who you just like mentally you need to add something, when it's down five, add, you know, a third of a percent every time you know, like, that's, that's fine, you know, like something where like, it would genuinely take you a year of the stock being down to it put in more than like 70% account, that's fine. You know, like, I'm not going to tell you that you know, how to how everybody how to trade but for me, personally, I needed to come down. I needed to hold support for a little bit. I need to start to crow back and hold confirmation for me to add and so that means that I like sometimes, you know, sometimes it'll be like three or 4% off the lows and I'll be sitting here like this is pretty strong support. You know, like this isn't bad. You know, like this is probably like not bad to say ties in and I won't I won't do it because I'm waiting for that confirmation because at this point like before it'd be like oh yeah this is good support like I'm going to add and then I'll get smoked out you know go up I wouldn't get confirmation I get smoked on it and be down even more so at this point it's more about confirmation I'm totally fine with averaging down intraday no if the plays not working I'm done
Blayne Macauley:but you don't day trade often?
Hugh Henne:No right now I am right like the whole like theme sympathy trading. Yeah, I'm there like you like I had a teaser
Blayne Macauley:back this has been a two week sympathies going back 10 days or something. So So you're back day trading? He was back
Hugh Henne:Oh, yeah. Oh my god. Hey, like I don't even I don't have time to look on Twitter or like most like rooms because it's like all of a sudden like I see a scanner go off and it's like alright, Chinese and then it's like a port the Chinese that's like alright, we're starting to get bid off and I'm like boom across the board like you know hitting them and then you know, then going back to EVs and then going back to wheat so I mean, I haven't traded this much in in in like in like a pretty long time but probably
Blayne Macauley:like six months right? We hadn't had a good market or
Hugh Henne:wasn't day trading cuz cuz I was feeling the burnout from like really COVID a COVID market so I was like, I mean, I basically when everyone was like 5x in their account and like January February, I was just like kind of chillin like in my corner like just hanging out but now 100% Because themes in the sympathies like most day trading like let's take let's take something with news something with news that pulls back that I don't know the company well enough yeah, I can look up see if they have an offering but I'm not going to know much about that company. So I feel that the only edge that I have is that if it gets smoked if I'm if I want to go long if it gets smoked into into into market open that I feel like there's edge there for a bounce back or on the short side if I feel like this thing is you know if this thing you know I see exhaustion you know five great short that's the only time that's yet so that's where I don't really see the edge normally inside day trading, but with theme trading it's one of those things where like most of the time the watchlist I'm looking at is like the same five tickers for weed the same five tickets for EVs the same five tickers for China plays and so anytime that they're getting hit I know for instance Bitcoin like can if can is not up 4% and Bitcoin is up huge are making new highs. I'm there even if like Like sometimes some of the other Bitcoin players will be red. And, and but if cans like us even six or 7% out there, like oh, yeah, I'll have the big ass candle
Blayne Macauley:or is such a good stock. It trades well, it like has a good vibe. Yeah.
Hugh Henne:That's what I mean. And the thing is that is that, you know, it sucks. Because like we're like, I used to love trading weed stocks, and they worse and this year, there hasn't been much follow through, I felt
Blayne Macauley:like Tilray just sort of came back or Tilray is doing stuff
Hugh Henne:that's not helping. And at the end of the year, like this theme trading keeps up because it's one of those things where I really felt like last year, all the themes would go at once. You'd be like, wait, what that what the hell like I need like 50 Different bonders where I'm like, I don't even like I've just run out buying power like crazy. And today was the first day I ran out of buying power this year. So it was it was cool. But that being said, it was it's also I like I right now the way that everything's kind of trading. I feel like there's tons of engines on the market because you can you can be let's call it like it's not a market where everything's going at once. And it makes sense to me like at the end of the day it makes sense like Bitcoins, I bet huge on on the Bitcoin boys last week because Bitcoin hit a new high like it's one of those things where like if bitcoins up 10% I'm not touching them because if bitcoins up 10% Like there's a reason that can't be up 10% bitcoins up 30% And bitcoins in new all time I yeah I'm there like that makes sense to me. So right now this theme trading makes sense to me so I'm on there like I'm spending like 1415 hours here
Blayne Macauley:it's so I really love so I was an atlas like that was the first discord I was ever I can no longer like be an atlas because I cannot handle I am not like responsible enough not to just buy things that other people are buying. Yeah, like I truly can't I had to learn that the hard way. But last summer an atlas like Mara in Riot were so fun. And then my favorite sympathies were Peck and Pola. And I don't think Peck even exists anymore. But like on those two days, I was like felt like magic. You're like, Oh, yeah.
Hugh Henne:It's working well The charts are exactly like literally to the tick the charts. Yeah, obviously not the price. But like the the charts look exactly similar. It's, it's so much it, this is great trading, you know, and somebody somebody asked me like what's going on in my, you know, market makers ran out of money from croque COVID training or you know, COVID training, you know, the so it's awesome. It's really cool. But the bad parts of this, there's two parts of this because right now, we're seeing that, you know, pop hold pop, which, you know, is a really great thing because it gives chances, like even even today, like, I'll take stuff that fundamentally I know, shouldn't be up here. Or even if it's like, you know, somebody, somebody tweets about it, and it right now, if you tweet about a ticker, yeah, yeah, it's fly. You know, and there's, you know, the good part is that, you know, you create a lot of liquidity. So you can go long on dips, you can go short, you know, stuff like that. But the bad part of this is that this creates terrible habits. And for sure, for sure. That's, like, that's the part where like, it's like, it's like, yes, like, this is awesome, like bank on this right now. But the second that like algos turn off, I compare it to like turning off the water, like you turn off that water and all those games that you made for 356 months, you know, 567 next year account can be gone. So fast, like within a week. Yeah, that's that's the only thing that's like, you know, I mean, you know, like everything in life, you know, there's a double edged sword to this, you know, it's great, because there's tons of money, you could size in big, you know, but like, like, I haven't knock on wood. I haven't gotten caught on the wrong side of the sizing, you know, day trading. But I mean, like, if that does happen, I could lose like 20% of the position sometimes. Yeah, just because there's if the liquidity dries up, yeah, I mean, these these things, was yesterday, there was something that was trading, its average daily volume was, I swear to god was 1000 shares, like 1000 shares, and this thing was trading 15 million. So there's tons of liquidity there for me. But if if all of a sudden the algorithms turn off, or algorithms decide that it's over, I mean, I'm going to be brutalized in that thing. Yeah. Yeah, sure. So that's the only thing that you know, I try. I try. But I, I don't know, right now. It's all about the money. And everybody's super happy that it's like, yeah, he would have or whatever 100% of their account. And yeah, you know,
Blayne Macauley:so if you think about the fact that, like, we had that for so long, and like the market was on easy mode for so long, I have been struggling a ton the last six months, and I kind of feel like, if I could make it through the last six months, then now I'm, like, better prepared to take advantage of this. So I do think it's going to be but that's just the way it is, it's going to be hard for people who come into the market on DW AC, right? Like, they're gonna have to learn to they're gonna make a ton of money, they're gonna lose their money or whatever. But the longer that is, since I've been in like, there are sort of cycles. So I don't know, I just feel
Hugh Henne:the wind cycle that we haven't seen yet. And this is like, this is a brutal cycle is the, you know, like, right now, all these companies like, like, especially because I prefer small caps over everything, because there's so especially when they're liquid, like, like, they're, I mean, they move like crazy. And right now, it seems like everything's moving up. I mean, everything that I looked at a month ago, is has got to be up 30%, like, easily. Um, so the thing that we haven't seen, though, is that these companies during COVID, if they dropped offerings, there was so much liquidity that, you know, they dropped the $30 million offering, you know, it was trading 300% off on massive volume, there's so much liquidity that the offering was actually a good thing. I
Blayne Macauley:literally couldn't remember that. Yeah, exactly.
Hugh Henne:I couldn't believe I was buying because of an offer.
Blayne Macauley:For Zach saying that he was like, I'm really looking forward to an offerings.
Hugh Henne:I couldn't believe I caught I was like, Are you stupid? And it's like, no do look like like people are going to short it, like people are going to really short this thing because of an offering. And then and they're not going to realize that this thing's trading 100 million shares where it usually trade 100,000 You know, stuff like that, and the offering will get eaten eaten up in like an hour. So the one thing that we haven't seen though it back to the point is that we haven't seen where the false turns off. These companies realize that try and get the money out by dropping offerings. That so first, he gets smoked on the faucet, then they drop an offering. And then they do a reverse split. Like that is when these that's when you take something that's true trading at six, and it goes to $1.50. And that's the one cycle that we haven't seen in a while, because it didn't matter last year, nobody needed to do reverse Blitz, because everybody was trading yet 100 times their revenue. So that's the one cycle. And that's the cycle that used to like, literally, I kid you not, I would do four or 500%, on my account from January to July, June, excuse me. And then July, August, I would kind of take it easy. But it before I would head back to school, you know, I mean, I'm talking high school college, I would try and really hit it like last few weeks of August, and there was no liquidity and all these reverse splits all these offers were happening. And I would give back like for three years straight, I would give back half of my year, and then I'd spend the rest of the year give no trying to make back what I was already at. Yeah, you know, I got a question.
Justin:We so you, you talk a lot about at a very high level about kind of what trading market are we in? Right? What is the market showing you in terms of day trading, swing trading? What kind of plays you can work on? Right? And I think I'm wondering how much now you're asked to talk about the market in certain macro economic terms, right. Do you? Do you feel sometimes like, Are you being asked to be like a CNBC headline, like, let's talk about hyperinflation, or let's talk about the global supply chain crunch and what that's doing for companies, let's talk about the shipping, like, so. Like, because those are two very different things from what we were talking about. And then kind of what you see. And I'm wondering, like, do you just completely detach the two so you can just focus on what the markets giving you? Or are you even thinking about like hyperinflation, what is that going to do for me in terms? So it's a long winded question, but they haven't.
Hugh Henne:Yeah, no, and it's a really good point. I think the word that you use detaches the perfect way of perfect and then there's one there's one quote that comes to mind that Shawn, like I said, our managers those you don't know what you don't know. And I apply that to like, literally everything. So within the macro, I like macro, like I macro is nowhere near like, I have no issue like I'll go to guy went back to graduate from the college New Jersey here. And I went back and like some Kiki multi works like JP Morgan's, like, like Mitch, like, I really want to talk to you about hyperinflation way that, you know, it's gonna affect the economy in 15 years, like in Social Security. And I was like, yeah, that sorry, dude, like, Whoa, that is way over my head. So the one part is that is that I totally understand that I understand the market side of things better. And then the other thing is that I never really enjoyed when, and I've really always I don't want that clown, the analyst because because I don't do that. But I don't I don't, I don't think anybody can, can effectively time the market more times than not. And and and what I mean by that is that that also comes down to you know, what do you where do you think inflation will be? I have no idea. Like, I have no idea where I think inflation is. Yeah, I can, I can tell you that. But also, the way that I try and do it and try to say is that is that there's two different sides to everything. And what I mean by that is that I was trying to have a plan that is going to go in force based on a reactive movement. You know what I mean? So so that's the way we're like, I try and like basically steer clear of the macro. So okay, yes, hyperinflation comes in. And let's just say that, like, you know, hyperinflation comes in, we all of a sudden taper, like, I mean, like, we stop everything, like, like, just randomly one day on like a Thursday Fed meeting, then, you know, that's one of those times where it'd be okay, that's the reactive movement to it, that would be the reactive movement, and I would do this plan, you know, so that's like, the way that trying to is that there's that every plan is every plan is reactive, based on
Blayne Macauley:the last thing I want to talk to you about. And if you want to say you don't feel comfortable talking about it, that's fine. But I wanted to talk about your heart condition.
Hugh Henne:Yeah, yeah, totally. I mean, that's, that's why I'm here.
Blayne Macauley:Okay. Can you? Like I feel like I have a framework about it. Can you just basically tell everyone, like, how that got you into trading? And then if it's still an issue?
Hugh Henne:Yeah. So I mean, effectively. I mean, I was I was in high school as a three sport athlete, I really was just living life like I loved every day. Looking for love in high school, you know, like, Yeah, I mean, except like the bullies and things like that. But you know, there was no real responsibilities and stuff like that. And one day I just started like, passing out like throwing like football workouts. I was like, What the hell is going on? You're like, yeah, like, Mitch, you got to eat more. pretzels and like drink water like, bro, I'm drinking plenty of water. Like, this is not water. And basically I passed out like, like, I was, like, 36 times and like, oh my god, yeah, so So then they're like, alright, well, you know, maybe there's something going on here. And in so effectively had a heart condition and you know, it's nothing crazy, it's just my resting heart rate was like 130 at one point, you know, my resting heart would be like 130. So then I would run or I would, you know, play football or do whatever and I would pass out, you know, blood pressure would spike and then drop really fast and that would maybe pass out. Um, I believe. I think that's, I think that's what it is. And do your story. Yeah. And, and so effectively, you know, I really wasn't able to play sports, which ended up I say this a lot. But this ended up being like the best thing that ever happened because, like, I was like, oh, and I was like, man, like at the time I was like five, eight like a sophomore. I was like, oh, six, five by senior year, you know? Yeah, it just seemed more pretzels. Eggs. Yeah, exactly. So so yeah. So I mean, I was, I mean, I became like, really sweaty all the time. And, you know, I mean, I was sad, because I wasn't playing like sports and stuff into my cousin worked for a hedge fund. And he was like, dude, like, at the time, he was just being nice, but he had no idea. He was like, I think you, I think you'll just like, he had no idea. He had no idea that I would like the market views. Like, I think you'll like the market, if you read these two books, and read the books and just fell in love with like, the competitive nature of everything, like, you know, like the fact that, you know, like, the the new ceiling, like I always wanted to have money. And I always wanted to be rich and not worry about money. And I realized that, like, I think at any level, you worry about money, maybe not good here, but but so. So my point is just that, um, is that so so that's how I got into the market. And I mean, I was petty I was terrible at everything. And, but that was like, the beauty of it was like the journey and that's I think that's why you know, like, why try and like why I'm still on Twitter, like, Twitter's a terrible place for those time but, but it's like, you know, those few people that like I meet and like Philadelphia, a meeting like Hoboken or a meet and like, you know, Reno and I'm like God damn, like, okay, like, like, this is worth it. You know?
Blayne Macauley:For sure. For sure. Yeah. So, but you're still you're still like struggling with this?
Hugh Henne:Yeah. So now it's become more of like a seasonal thing. I'm actually it's the it's the oddest thing when the seasons change actually is when my when, when I'm more symptomatic. Which makes no sense to me, but they're still trying to figure out that part. But so anyway, when the seasons change, I mean, sometimes I'm sleeping like, you know, like, I would genuinely like I have a driver because I would fall asleep behind the wheel. Like, once, one time I did. So it's it comes down to like, things like that, to where, you know, I just got to take care of myself. And, and, and it does get tough. Like, I'll definitely get a like, it's funny, because my mom will ask me, like, why are you in a bad mood today? Is it is it parts? Or is it? Is it? You know, did you have a bad trader? It's powerful, you know, so, so yeah, so it's definitely it's a struggle. The Fall and the Spring are by far the worst. And I mean, like sometimes, but that's like part of the beauty of trades, I could just take like a week off and just kind of relax and, and sleep like I truly just sleep.
Blayne Macauley:So I have like, strapped I've just high blood pressure. There's no reason for it. It's just like, I just have high blood pressure. I went to the Mayo Clinic and they did I was there for a week. They did like all the tests. There's no reason I just was born that way. And sometimes from trading I will be like so tense I'm like, Oh, this can't be good. For like someone who already has like heart issues and I just wanted to know if you ever worry about that, like I I worry about it.
Hugh Henne:Yeah, yeah, I mean, there's definitely a there's definitely some times where I'm like great you know, like I'll like I'll take a break or like go part of like one of my symptoms that I throw up so like sometimes like that. Yeah, so it's like it's like little things like that but um, at this point I feel so terrible. Um, what after I pass out like it'll be like a two or three day or deal after the fact so if I'm stressing about a trade so much that like I have palpitations and like I'm sweating through like two shirts and I'm like throwing up then it doesn't even matter what it is because the two or three day or deal following it is 10 times worse. And at this point like because I used to I used to do that. Like I truly would like beat my body up. You know it just like no sleep with the cinematics and I mean I would be falling asleep at the desk at like 930. And then I'm getting smoked on a trade. So it just came down to like, not being stupid and just like, you know, like, hey, does this really, this really sound like a good idea? You know, like, is this really worth it? Um, but yeah, I mean, I thank you for asking. Thank you for asking. There's something I didn't used to share because, like, I honestly don't even know that. I mean, I know, my mom could my mom's like a doctor at this point. But he knows
Blayne Macauley:everything, you know, everything,
Hugh Henne:you know, I mean, everything. So, so at this point, though, you know, I'm super lucky that that, you know, it totally, like, it really varies the symptoms, and I'm super lucky that I'm able to deal with it. And I'm super lucky man. You know, I'm a great boss, you know, so, you know, so that that definitely plays a plays a huge, a huge, you know, plan into it.
Blayne Macauley:For sure. Well, I'm so glad that you like have it under control, and like, have your type of life where you can just take a nap.
Hugh Henne:Yeah, uh, yeah. Yeah. I mean, it's definitely it's definitely, you know, that's like, the biggest thing is that I would do such a dark time, like, and looking back, like, it really wasn't a dark time, but 16 cents, it was like, I'm not playing sports, like, you know, like, I'm passing out, like walking through the hallway, like, in front of like, like, you know, like, while I'm in kindergarten, teaching, you know, what I mean? Like, stuff like that. And I was so embarrassed. And, and it was like, little things like that were, you know, I it was such a dark time for me that, you know, truly, when I'm with it really crew, it's really made me I'd like to think grateful, because I look back at those times, like, you know, like, I would work and I pass out in school, and then I would go work to fund the trading account to lose, like, in that time, like, that was like the like, that was like the lowest of the low, like everybody thought that I was working a lot. So that like I would have like, you know, a lot of money. And at the time, I was like, you know, like, it's really not working out that way. Because I wasn't taught anybody that was trading, and nobody knew that was losing. So everybody just thought that was like stacking money for like two or three jobs. And any hour. I'm just smoked in the morning. Yeah, I would go to school and pass out. So I'm super grateful now. And when I look back, it's like, it really taught me so many lessons that at the time, I just didn't even know that was learning.
Blayne Macauley:How old are you? 2022 22 good guy. 22 Well, that's a lot of maturity to gain and four year like you got out of high school four years ago, he just got out of college. I
Hugh Henne:just got out of college and man. Yes.
Blayne Macauley:Yeah. Are you? Are you able to like drink and like, push your body in like that kind of way?
Hugh Henne:Yeah, that was like, part of the issue is that like, I would push my body on the weekends, my body during the week, you know, stuff like that. And, like Thursday nights, like, there's a there's a big thing at my college would be like, like, you'd be able to like 130 They'd be like, I'll be trading from for go to classic, a, you know, an entry to like, 7pm go out at eight it'd be like 10 Like, you are like, literally can't be good. So So that's definitely part of it. I definitely I definitely have slowed down. I definitely. I think I try to definitely watch like, like the alcohol intake, like the caffeine intake because, you know, I mean, anything that is the whole point of some of these things is just to speed up or not the gallery but yeah,
Blayne Macauley:sure. Yeah. Well, I mean, be careful out there.
Hugh Henne:Yeah, yeah. So but I'm super lucky that that you know, like, I have a great support system, like my family and even you know, came down to like trading like, in beginning I mean, vintage a tough place. But I was so lucky that in the beginning when it was like a really small corner of the corner, like not like, oh, like the some of the biggest guys had 5000 followers. So it was one of those things where some of the biggest guys had 5000 followers. Yeah. Oh, who is that?
Blayne Macauley:This is my Quinn. Come here, honey.
Hugh Henne:Hello. Hi. Say hi. What was your name? Quinn? Quinn. It's nice to meet you. My name is Mitch.
Blayne Macauley:Oh, she can't hear you. Oh, she can't hear me. Hear You. Um, it's Quinn like the Eskimo goddess. Yeah, Finn twit is like, I'm sure you can hear my phone just like bouncing off the walls right now because I posted on Twitter. I'm trying to like be very honest about my trades. I feel like that like makes me more genuine or whatever. And it's really hard. I'm not great at it. And I posted today that like I've been using a lot more sighs So I had like a big loss for me today. I have like a 100 messages of people feel like you're okay. You can keep going. You're gonna make it. Yeah. And that. I don't know. I I have had all like good things happen from Finn twit and I feel so grateful for
Hugh Henne:it. Yeah, yeah. I mean, you've been having some killer days though.
Blayne Macauley:Yeah, I just really, really bad day to day but yeah,
Hugh Henne:yeah, I did give back like, like a good amount of your mouth.
Blayne Macauley:I really try like five minutes five minutes. Um, yeah, I just like really thought that something was gonna happen today. That didn't happen. And just I like here I say like women are fine to admit they're wrong. And I just thought I thought that dw AC was going to like run Ryan again. I just like was I just like, fucking boy
Hugh Henne:that I posted in Atlas. All day I was sitting there soaking DW AC. And the first time I got chopped up. The second time I was sitting there soaking, soaking, soaking. I got stopped out on like, the low of the day. All right, it I guess I felt like the low day but But it's funny that you mentioned that because I was actually talking to someone about this earlier. And I actually I don't, but I enjoyed getting to that next level of losses.
Blayne Macauley:Okay, okay. That you can help me.
Hugh Henne:Because, because here's the thing is that is that like, I like I treat like right now. Okay, I took like a, like, I took my first seven figure loss in January undulations. That was the thing was that like, at the time, like that was? That was like, holy shit. Like, if I take a few more of these. I'm done. Like, yeah, you know what I mean? Like so. So the thing is that, though, is that I really had the change of mindset of like, Okay, listen, even when I take like that$5,000 loss. Okay, that $5,000 loss. Two years ago, a year ago, would have been my entire camp. And it's one of those things where, like, I posted, I mean, I'm a huge sticky note fan. And so I wrote down, and one of the things I wrote down a sticky note is, can I come back from this last question mark? And, you know, immediately, you know, you know, the answer, you know, I mean, you know, I don't think you'd be here if it was no. And so for me, it was like, Yes, I can come back for this. Will it take me a month? Yes. But if that's all it takes me. And, you know, if that's all it takes me, and I get to the next time, they're like, I see my buddies, and they're like, Yo, like, you know, like, what's your biggest win? And I'm able to say, like, like, I made 200%. And then it's like, what's your biggest loss? I'm like, yeah, like, yeah, I lost like, 10 grand. And you know what I mean? And I'm still like, able to, like, I can say that confidently. So I always think of it as like levels of like a video game. But I think it's funny that you mentioned that because DW AC I, I literally thought this I mean, I was there. I was there. So do.
Blayne Macauley:I played it this morning. I played it again mid morning. And then like, apparently, I haven't looked, but I've heard that it ran and after hours,
Hugh Henne:I was pretty pissed. It's my money. But that 67 or whatever, earlier? Oh, me
Blayne Macauley:neither. I was so much. I was up so much. Yeah, I was like, Listen, I'm gonna be patient on this one. I'm just gonna, like, let it go. And then I just got stopped. It was whatever. But I did make a$3,000 trade, which I know for you. That is not a lot. But for me, that's like my biggest one trade. So a $3,000 trade yesterday, and I lost $3,000 today. And it's like, I think I could do it. I can do it again. You know, I did it yesterday.
Hugh Henne:Man, it's that's the thing is that is that you had the right thesis, you had the right plan, it literally comes down to, you know, execution, like that's all it comes. Like, that's the difference between you having a $7,000 week and you have a breakeven, like that's like when you think about that, like a $7,000 is like most people would kill for that in a month. And the fact that the only difference between your week and breakeven is
Blayne Macauley:is $1,000 Yeah, isn't that cuz I made I was another trade. I had a $2,000 day I lost so I have to make it that I can make $1,000 That's$1,000
Hugh Henne:you can walk like, you know, you go see, you know, Justin, you could be like, you know, I was like $1,000 this week and I still had like got like I started
Blayne Macauley:a Green Week. I could like it. That's very
Hugh Henne:there's two days left. I know, right? The first time
Blayne Macauley:I the first time I was trading I lost $3,000 pixie Yeah, oh,
Hugh Henne:that's the company's shit. That's the company's rice and like they'll do a reverse split and they'll drop it off, right? Like, that's the comp like that is the company
Blayne Macauley:gotta hit I will never I don't care if they fucking cure cancer, like, have at it I can't. And both times it was I was in Atlas and he J was trading pixie and I got like, I didn't know what the fuck I was doing. Like, I had no idea I was on my phone, I bought 1000 shares at night. So I lost$1,500 And I was like shaking, and then it recovered. And I was like, I'm gonna make my money back. And I did the same thing.$3,000 I had to come home, I had to tell my husband. I was sobbing it was like a huge deal. For a it's today's the only other time $1,000 So I'm like, and you didn't
Hugh Henne:cancel on me on the couch eating ice cream like that's yeah, that's what I mean. Is that is that it's it's like that next lover, you know? I mean,
Blayne Macauley:Ariel says it's like getting calluses. Which I love that idea. Yeah, it's like getting used to if you have bigger winter gonna have bigger losses.
Hugh Henne:Yeah, I mean, and the other thing is that you were right. Like that's like you. Right?
Blayne Macauley:You know, yeah. Yeah. I was right. And I bet it I bet like my thought was like, once it catches momentum again, it this is like you got to be in this is like the thing to be in on? Day. Yes.
Hugh Henne:Yeah.
Blayne Macauley:I was in fun too, obviously. Yeah. Like, unlike Anna, it is fun. Right?
Hugh Henne:Yeah. Funny, Mark. Yeah,
Blayne Macauley:not not mark. I was just like, I'm all in on fun. Because I couldn't trade on Friday. I had to do something with my son. I was like, I missed on Friday and not missing
Hugh Henne:today. Yeah, no, I mean, you're spot on. And but like I said, is that you were right. And then I mean, the next thing is going to be the next time. Yeah, I mean, again, you don't want it to happen. But I remember like my first five finger loss. And it was like, it was like, hope. Like, there's like, that is crazy. You know what I mean? Like, I'm like, I'm sitting there. And I was like, I think it was like $11,000 loss. I was like, $11,000. I was like, that was like my net worth, like six years ago. You know what I mean? So it's like, yeah, so I do enjoy it. Because the more and more that I'm around, the more and more that I talk to traders. It's wavelet. Like, you know, you always ask, obviously, it's like, yeah, like, what's your biggest win? But when I talked to people who were like being inside the industry for a little bit, it's like, yeah, like, what's your baby's like the fog, you know, and it's like, and so it's cool, because now it's like, you know, I got a new story for you guys.
Blayne Macauley:Also, I think that there's like a lot of hope in the fact that I've only ever lost $3,000 Another day and it was buying PJ's fucking tweet it like, I didn't know what I was doing. I deserve to lose that money. And then today, I'm like, we had an idea. He, you know, it was like a smarter loss.
Hugh Henne:It was a smarter and again, you were right. You know what I mean? So I think I think it's but and and I think it's really cool. Because, because, you know, you can clearly size up you know, yeah, they can size up you know, your tree and, and that's the really cool thing is that when you size up like Yeah, and so did you follow it? Did you follow your like you your thesis was right, you know, your execution was there. And the thing is that if you continue to stay at this size, then the liquidity in this market comes, you know, you're going with that edge, and with that win rate, like you're just gonna continue to have like a $5,000 day and then a $6,000 day, and then you're gonna have a 5000 loss, but they're gonna be like, and you know, and that's what I love. Like that's what I love about trading because even when I was doing the internship and stuff, it was like, there was no levels to it, you know, like, like, the level was like today I got to say hi to Mary tomorrow. No, like, that's not that's not like the you know what I mean?
Blayne Macauley:Listen to this thing that happened to me so yesterday I had my $3,000 trade I posted on Twitter in like, three different people DM me and they were like, I just really liked the way you trade can you like, teach me what you do? Teach you I teach. But now I'm like, well, but yeah, I can because I like have like, very defined thing. That idea now. I guess. I guess I could like tell you what I the fact that I could like put a strategy into I can type it out and be like this exactly what I do. You can do it you can not do it, too, but to tell them how to fucking trade this
Hugh Henne:is so cool, right? It's so cool. It even you know, I mean, sometimes like, like, I had a huge spy day like two weeks ago and I trade spy. Like I trade spy. I don't trade at all. I often often but um, yeah, yeah. So pretty much like, I'm like, I have like different signals and stuff. And when it hits these signals, like I know a big move is coming. And so I'm gonna, I'm sizing it like I'm gonna. And, and someone had asked me and I'm like, uh, and it's crazy, cuz it's still it's still like mind blowing. It's like, you want to know what I do?
Blayne Macauley:Yeah. Why? Yeah. Yeah. We don't even know if this Freeman strategy,
Hugh Henne:dude, like, like, I just posted the green trade. Like if I post like I probably wouldn't have post if I was read probably really? Yeah,
Blayne Macauley:yeah. I mean, but we were talking about aerial earlier. All of this is really well, thanks to my friend AC, who spent two weeks teaching me how to trade on the computer, which I didn't know how to do. Yeah, man, aerial, like, spent hours on the phone with me being like this a good car chart. This is not a good chart this what you're looking for? And if so if those two people had not taken the time to do that with me, I'd be like still on my phone. So it you know, I do feel like there's a very nice thing on fin twit of like, paying people back. Oh my god, people who've done that for them, and then made it that for me, so then I feel like I should probably pass that along.
Hugh Henne:No. 100. Like I said, when I first came, when I first came into trading, I was like, Hey, listen, I can't figure out how to buy and sell like, it's over, you know, like, wow. You know, like, this isn't even like the tip of the tip of the iceberg. So I think that like it is really cool thing to it. Because, as you said, it's like a pay it forward kind of thing. And it just branches out because then you have like, hey, for me, it's like the Roth IRA is like, hey, you know, I opened up a Roth IRA. You know, like, I see the value now, like my seven cousins have opened it right,
Blayne Macauley:along with 1000s. Of 1000s. of other Yeah, so it's
Hugh Henne:like, it's one of those things where like, it just branches out. And it's super cool, because someone did that for me. So you know what I mean? And I love it. I think it's so cool.
Blayne Macauley:For sure. For sure. Well, you can clearly see that I've bed time. Mitch loved literally loved every second of it. Thank you for everything you've done. I mean, you have changed my life in so many ways, not even trading related. Just like just thank you for everything. I'm so
Hugh Henne:honored. Thank you so much. I enjoyed being on here. And I mean, you know, you do have an open invite for PGI. Er,
Blayne Macauley:wait, really? Of course. That's my favorite show that's ever existed.
Hugh Henne:I of course. You let me know. All right, then. Thank you so much.
Blayne Macauley:Thank you have a great night. Thank you to our producer Joel Edwards in Chesley Lowe for the banjo music. Please like, subscribe and share this on social media. We appreciate you guys.
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