00:44.22
blayne
Hello and welcome to this week's episode of the penny lane podcast with coach jipka and Adam sliver. Also we have our our best friend ellis back in the house helping us out hi ellis how are you.
00:56.87
Ellis Dillinger
Hello hello ah you know, just having fun. You know, just playing some halo yelling at 14 year old kids you know, having fun.
01:01.91
blayne
You.
01:05.70
blayne
Cool cool I ah ask ellis on Friday if he wanted to do a podcast on Friday and he said he couldn't because he had to go out and party which which I appreciate perfect. Well adam.
01:07.13
AdamSliverTrade
Ah.
01:17.37
Coach Dipka
Um, I said.
01:17.71
Ellis Dillinger
Yep, and then I and I woke up sick on Saturday. So yeah.
01:25.80
blayne
And Dipka we're certainly thrilled to have you. We've had so many people request to get you on the podcast. So thank you for making the time.
01:31.48
Coach Dipka
Yeah, thank you so much for having me I'm really excited to be here.
01:34.87
AdamSliverTrade
Absolutely I'm I'm equally as excited to be here and especially with coach I mean just been a great team. Thank you for the invite.
01:43.40
blayne
Yeah, absolutely. Ah, usually I like to start by just if you could give me the real cliffs notes version of how you both got into trading people love hearing that and so do I.
01:54.79
Coach Dipka
Yes, sure. Um I actually started paper trading in 2018 when I was about like seventeen eighteen fast forward or I would say 1819? Yeah, fast forward. You know 4 years later and i. Graduated penn state in May so yeah I know you're silly, right? That's funny. Um, yeah so I graduated from penn state in May I had an a job offer at oracle but you know my paper trading account was doing really well.
02:14.31
Ellis Dillinger
Oh you're from P a and archive Cool Cool cool.
02:15.50
blayne
Ooh congratulations.
02:30.93
Coach Dipka
And then when covid sort of happened my senior year I decided to you know, put some real money into the markets I actually started with just a seventeen hundred dollars bond and then I was able to get that up to pdt during the school year and when it was time to make a decision on you know whether I was going to accept a job offer or not. In the winter that year I actually declined it because I really wanted to go all in on trading. Um, and you know since then there's been ups and downs for sure. But I'm definitely glad to have you know, stuck with it because I've turned that now to like almost 3 hundred k in about a year and a half so um
03:07.84
blayne
That's amazing, Really really great.
03:08.68
Coach Dipka
On a great road I feel like.
03:10.91
AdamSliverTrade
So for me I got into the markets I started trading commons probably about 2019 and quickly got into options following that but before that I was into flipping sneakers and.
03:26.29
blayne
Oh really, oh, that's awesome. That's awesome.
03:29.42
AdamSliverTrade
Yes, indeed so that really got me in the flow for markets right? And if you go look at Stock X in its infancy. That's what started to get me obsessed with.
03:30.50
Ellis Dillinger
Yeah, that's cool. That's cool.
03:42.90
blayne
A harm.
03:47.70
AdamSliverTrade
Markets and buying and selling holding things that are valuable and then ah even built some strategies there that ended up working out really well. But what I what I loved about the markets was you get out what you put in and if I can just put in the work here and and build something great that.
03:55.31
blayne
I'm sure.
04:06.64
AdamSliverTrade
That helps me succeed you know I'll put in all that work and and I'll do it and um so starting in 2019 you know I've gone through some phases of only commons only options you know I've traded small caps before but really found my flow with just a. Simplistic approach of taking a few stocks every day blocking out the noise and playing your plan fell in love with it still in love with it.
04:36.95
blayne
Um I love that story. So um, do you guys want to just hear where it's the beginning of december twenty twenty 1 do you guys? Just want to talk to me a little bit about what you think is going on in the market in general and. You know, kind of how it's been affecting you and sort of what you see going into the end of the year
05:01.87
Coach Dipka
Yeah, sure. So I'll start with this 1 this is dipka by the way. Um, actually I was talking to Blaine just ten twenty minutes ago about how I actually quit trading um just about 14 months ago in October. And my 1 year anniversary is coming up on December seventh of when I got back into the market with 27 k so I struggled a lot trading penny stocks from that october time to December and I decided to get back in because of what we call, you know the Santa rally a lot of people hype it up.
05:31.43
blayne
Ah, how.
05:38.77
Coach Dipka
Usually a good time to trade 1 of my 1 of the best months historically for you know, small caps so I got back in with 27 K because I wanted a little bit of room just over pdt. You know that building that cushion. So I I came back in with like 27 k um I got the extra 2 k from door dashing because yeah I know I know and so in October like I was or I would say august I had about 24 k.
05:56.73
Ellis Dillinger
Yeah, let's go. But you're a hustler.
05:57.39
blayne
Oh nice, nice and.
06:09.45
Coach Dipka
And by September I got over 25 so I hit the pdt right? So I'm like all right now 1 hundred k is inside. It's like that's gonna come quick as soon as you get over pdt and the opposite happened anytime I would get over 25 k I was so worried about going back under that it just mentally like took me out of every trade that I was in. And I forgot like the real d d or the real due diligence behind you know why I was in that swing in the first place and I ended up just sitting between like 48 and a half k for you know 2 2 3 months so I had to just take a mental break from it. But again that Santa rally. Ah. December I decided to get back into it and it actually worked out but the number 1 thing for me and I know this is I feel like this is a good time to talk about this because this past week for small caps I know a lot of people have been struggling. The 1 thing that I did. And I told myself going back in I said I need to really start appreciating these small gains and the small wins and letting them add up and just building further cushion away from that pdt level. So I feel like going into December you know, right now. Obviously it was a rough market last week from a macro perspective. I think you know I see futures are green right now. So I'm hoping I'm optimistic for a nice bounce off of that you know spy was obviously at that crucial for fifty level I wm was near that crucial like 2 10 level. So I'm I'm thinking we'll get a bounce and I'm going to go in with that same mindset I had last year of
07:29.46
blayne
Right.
07:40.96
Coach Dipka
Letting those small gains add up, try to just build some momentum. You know, get some confidence back and then go from there.
07:47.25
blayne
Is that how does that affect your I mean I've interviewed so many traders and of course like let your winners run is you know everybody who's ever traded anything knows that phrase and ah ask. Trading who's 1 of my favorite people I've ever ever interviewed. She's incredible. She said that when she's in a market like this or she's feeling like a little uncertain. She's her phrase was I see green and I take Green. So.
08:05.49
Coach Dipka
Ah, she's great. That's a sheer. Yeah.
08:21.41
blayne
Both of those things combined like it. Do you does that ever affect you or keep you from letting a trade totally play out because the market is a little shaky.
08:31.51
Coach Dipka
I Think you're gonna find this really really crazy I actually have never had a single trade profit over 5000 dollars and keep in mind I've grown from seventeen hundred to over like 3 hundred K Now. And I've never had 1 single trade go over 5000 dollars. So I really pride myself on the small gains add up and you know I'll like if I see a hundred dollars. That's 1 hundred dollars I you know I'll take it off the table. Obviously um I like to.
08:46.38
blayne
Aha.
08:48.61
AdamSliverTrade
Wow.
08:49.73
blayne
Wow. Ah, um.
09:02.49
Coach Dipka
Try to let things run and I've been working on it especially with the following that I've had because it's it's the way I trade is less traditional and I'm really trying to you know teach people and it's hard to do that with such a unique style that really doesn't work for everyone. So I've been holding on to some more runners. But. Um, I would say my best single single day came in October which was thirteen K but I see a lot of people in in my own discord who are outperforming me like on a single day but the thing that I can a test or you know pat myself on the back for is that I've only had like 2 ah. 2 or 3 red days since I would say august and they've been very very minimal. Um my last loss over 500 dollars was in June so that's something I really pride myself on but I trust me I've struggled at times there's been days where I've had you know.
09:47.59
blayne
Wow.
09:56.58
Coach Dipka
Fifty dollars loss is like 3 days in a row and that feels like a major loss to me just based on my style.
10:01.10
blayne
So do you do is your style or strategy something that you could explain to us verbally on the podcast. Do you would you be willing to do it.
10:08.47
Coach Dipka
Yes, so yeah so I actually I actually have a Discord cane capital adam is in there with me I actually live trade a lot. So I go on there and I will say what I'm buying you know right on Spot. There's no hiding from losses. So. Members have really gotten some good education out of that as well because I feel like that's unique where a lot of people don't um, literally live trade in front of no hundreds of other people.
10:37.74
blayne
Right.
10:41.28
Coach Dipka
But when people ask me about my specific style It's not like I don't really have 1 answer for you. But I think the best way to put it would be trading the trend or what I what I like to call wherever the money is so I started out trading small cap commons. But. And that worked out for me. You know, like the santa rai came around last December I got in at a good time. It worked for me I built up some cushion and then obviously the meme squeeze happened that was a big boost for my account that whole month but then actually. March and April came around and I had lost my single biggest loss in a day was was March the end of March I lost twenty two thousand dollars on ai which was just devastating for me remember I was a senior in college so that was like my tuition in my room and board at the time.
11:24.71
Ellis Dillinger
I Hate that snuck.
11:31.21
blayne
Yeah.
11:34.16
Coach Dipka
Um, that was a big reality check for me so I had to create sort of a style from there and I would say for small caps. It was like that base hit Mentality momentum trading um and then. When april came around I realized I couldn't just be a penny stock trader because it doesn't always work. You need to be able to trade multiple things. So I moved into options and I started learning learning that large caps shorting large caps you know puts all that sort of thing. So yeah I would say my style is basically just. Trading the trend. Whatever's hot I am really good at recognizing where the money is and where it's easier to win so 1 of the tricks that I have I use this premarket scanner investing dot com I'm happy to you know, share the link with you and I actually.
12:10.88
blayne
And how do you do that.
12:24.68
Coach Dipka
Arrange the percentage gainers you know I arrange them in order so you'll get whatever's up the most percentage wise that morning from top to bottom and I usually look for at least 3 penny I don't want to say penny stock small caps so anything you know from a.
12:32.90
blayne
Okay, okay.
12:43.51
Coach Dipka
Fifty cents to 15 to you know, maybe twenty dollars in that range I look for at least 3 stocks over fifty percent gain by 8 30 eastern time and what I've noticed is when you don't have those gainers when you don't have at least 2 of them over fifty percent. You really don't have a lot of momentum and it's a lot harder to win in the Penny Market I Also what I also do is I adjust my sizing Accordingly. So if anyone is familiar with think or swim buttons if you literally have your quantity like the amount of shares are gonna buy I have like 5 different charts. So I have a chart for my.
13:20.29
blayne
Aha.
13:23.15
Coach Dipka
Penny stocks and all I have to do is just adjust the ticker but those those the quantity of shares will be already like predetermined. It's yeah so it also helps me be fast. It helps with the speed. But.
13:29.40
blayne
Oh that's cool.
13:37.78
Coach Dipka
When I see 3 things up over fifty percent I'll actually double my my size. So what I try to do is take advantage of the days where it looks like it's going to be a hot day and then when it looks when I don't have my requirements met the 3 stocks over fifty percent gain in the morning I actually you know dial it Back. So I reduce my quantity or the you know the dollar amount that I'll be trading with that day which I feel like that really helps me because I'm capitalizing on the days where the market is hot and I'm you know mitigating my risk on the days where the market is cooler.
14:13.74
blayne
And yeah.
14:14.49
Ellis Dillinger
That's pretty smart now. Do you use like actor trader on Thinkwims I was talking about by the buttons. Okay.
14:19.91
Coach Dipka
It's similar. It's it's just as fast as active trader it's now so I use um let me see I use flexible grid and I have 1 2 3 four I have 4 on 1 screen to four on the other and then on the side I literally just hit buttons and then I have buy market by the ask.
14:26.10
Ellis Dillinger
Okay.
14:37.40
Ellis Dillinger
Okay, yeah, yeah, that's what I did so I the same way and I always tell myself like hey this's not hot like I'm just gonna cut down my size and have like even on contracts like I'm used to buying like 75 contracts at a time but the vax is over 30 I'm gonna buy like 5 or 10
14:37.62
Coach Dipka
Join the bid sell Market. Um, right there and I could just type in the quantity and it all sends. Um, yeah me.
14:53.19
Coach Dipka
Yes, exactly I'll also use the you know the major in indexes to help me with that as well.
14:56.21
Ellis Dillinger
Yeah.
14:59.62
AdamSliverTrade
Yeah that's it I think about that in a very similar way and coach something that you spoke to earlier about the the Santa run question I agree with with what you said so my way that I'm looking at the the short-term future. Is that people have a lot of expectations coming into you know anything honestly in life people have expectations and if people are expecting the Santa rally to happen suppose. It doesn't happen. What does that do to us right. Where does that put our mentality where does that put our emotions when when more people are thinking something's going to happen then it's almost that much harder for it to actually happen. So.
15:46.14
blayne
Oh my gosh. Are you actually talking about the georgia football game last night because this is anyway strong correlation. Go ahead.
15:50.51
Coach Dipka
Um, right.
15:50.78
Ellis Dillinger
Yeah.
15:52.92
AdamSliverTrade
Um, georgia hasn't you know they haven't allowed 14 points an entire game. So why don't we just do that in the second quarter right? ah.
16:02.39
blayne
Ah, ah sorry to sorry to interrupt you just really that was triggering for me. No.
16:03.11
Ellis Dillinger
Um.
16:05.12
Coach Dipka
Um, Adam that yeah good.
16:11.43
AdamSliverTrade
I'm sorry I'm so sorry. But but.
16:12.73
Coach Dipka
Adam you you you bring up like such a great point and this is a great time to talk about this last Friday I had 1 of my better options calls. Um, it was a odt spy lotto and. Obviously everyone was at the edge of their seat Friday around power hour like 3 30 irty three forty watching that four fifty level on spy try to hold all over my twitter feed I just saw you know crashes coming if we break four 50 we're we're doomed so i. You know I wish I trusted my gut more but that that told me that's my number 1 indicator when people are crying I love to you know, go the opposite way and that's usually a good indicator to buy the dip for me. So I bought the ah I bought some calls on spy there was only twenty minutes to x.
16:57.33
Ellis Dillinger
Yeah.
17:05.13
Coach Dipka
Expiration. So I really treaded small there but it ended up running like 3 four hundred percent but that's a great like testament to Adam's point that when everyone else is fearful. You really have to be greedy I mean that that is the number 1 thing that has not changed throughout the market's history I feel like.
17:20.46
AdamSliverTrade
Um, well, it's just saying sorry sorry.
17:20.50
Ellis Dillinger
Coach you the first 1 in my entire. No sorry sorry everybody, you're the first person I've ever talked to a fellow trader who does exactly what I do when everyone on Twitter is complaining bitching saying the crash is coming I'm buying the entire time because.
17:33.26
Coach Dipka
Um, yes.
17:36.44
Ellis Dillinger
It's all about sediment right? Like you guys talked about how like the Santa rally right and turkey runners and everyone thinks all these things are going to happen. You have people commenting saying spies go to four hundred like we're at the fifty smma all that candle the end of the day Friday was all the hedge funds rolling off all their vix spreads and everything like that. So it's it's it made me smile I was kind of like sitting here like yes, someone finally does exactly what I do I thought I was alone.
17:57.16
blayne
Wait Let me ask I thought you're um, actually never mind. This is not This is not helpful. Keep going I can't I Just can't ki.
18:04.63
Ellis Dillinger
Now say it? Okay I'm a permeable for the rest of my life until we go back to 2 hundred. But now that's really great I'm happy that you said that because it's so true and I did the same exact thing I think I loaded calls at like 3 45 on Friday with like.
18:11.72
Coach Dipka
Um, I feel that.
18:13.52
blayne
But all right.
18:23.95
Ellis Dillinger
Team minutes that expiration made like 3 hundred percent went to the clubs. So.
18:27.90
AdamSliverTrade
That's awesome something I'd say that is just super underrated. Everybody talks about emotions. But if you're not thinking about your emotions constantly while you're trading and and keeping yourself in check like. Sure I mean I'm sure you felt great after those 3 hundred percent and two minutes you know, but something that has really been a mentality for me throughout my entire trading journey has just been don't get too high with the highs or too low with the lows. Um, if if you feel low. Then size down just like you all were talking about a second ago size down hit some base hits get those. You know those small wins that add up this can be small caps. This can be options. This can be whatever you want it to be take those small victories have that build up your confidence and you know if you're if you're high with the highs. Recognize it humble yourself and bring yourself back down to earth and the people who keep those things in check are the ones that survive past any expectation or or any market at least in my opinion.
19:35.23
blayne
I Have said this on so many podcasts before but I'm gonna say it again because I think it bears repeating I Really like the phrase there are old traders and there are bold traders but there are no old bold. Traders which I think is applicable there like you if you get if you're too bold and too Excited. It's gonna be.. It's gonna be hard for you to have a lot of long longevity in the game.
20:05.40
AdamSliverTrade
Yeah, exactly and right this is all about consistency. So a little bit about my strategy and me and me and coach work a little bit together with ah with options in particular so me I don't trade small caps. I Know this is this is penny lane right? um.
20:24.66
blayne
Well that that titles up in the air.
20:24.92
Ellis Dillinger
Um, yeah, Arch gap lane it flows really nicely.
20:29.30
Coach Dipka
I think.
20:30.27
AdamSliverTrade
Ah, large cap options lane.
20:32.55
blayne
Ah, yeah, yeah.
20:36.79
AdamSliverTrade
Super highly leveraged financial derivatives Anyways I I stick to large cap options and like coach said taking those basics the basics add up, you know every day.
20:39.33
Ellis Dillinger
But.
20:52.99
AdamSliverTrade
Um, putting together new levels to take calls or puts off of and then educating for a strategy of execution and I really just try to keep it so simple because I'm a firm believer that anybody can do this. Anybody can be a full-time Trader if. They want to be and if they put their mind through what they need to and you know my my main thing is just educating people to be able to execute on these because you know large caps will always Move. You can make money either way on a large cap any given day. Even the even spy right? If you've become really good spy you can make money on Spy every single day and it's that keeping that keeping that consistency that that really is my style.
21:40.21
Coach Dipka
And yeah Adam to your point going back to my story you know in in a end of march last year when you know after the amc gme squeeze when small caps got sort of attacked and crushed anybody remembers knifing in april.
21:40.80
blayne
I Like that.
21:59.50
Coach Dipka
That was like my realization where I I saw that the money was moving into large caps and I'm like I don't know how to trade this right now I'm really 1 ne-dimensional and I need to I need to learn because like you said that is something that is always moving There's always money somewhere in the Markets. You just have to find out where it is and be able to adapt and trade. Whatever way way that is like. For example I I call penny stocks like knife april last last year I was able to short like I would have made so much money because I knew when things were going down I was just honestly.
22:28.70
blayne
Yeah, yeah, yeah.
22:37.16
Coach Dipka
A little newer to that idea and I didn't really want to you know jump into that ring after seeing what happened with aim C and G me. But yeah and it makes a great point about you know you not you can trade large caps literally forever.
22:51.90
AdamSliverTrade
Yeah, and the thing we can't control the market right? Coach We We can't control where this money is going all we can do is watch it and we can. We can take note and what we need to do is build a strategy where we can have that consistency. It's consistency of the mind you know where am I going to have my hard stop where am I going to be scaling for for me. It's going to be a little bit different than it is for coach. But if you can institute something into your strategy with a good Wris to reward with a solid. Ah, list of rules and you you abide by it and you stick to your discipline every single day. That's how you find consistency in an inconsistent market.
23:35.95
Coach Dipka
Yeah, and Adam you make you you also bring up another good point about rules I find personally that the only time I really am losing any significant amount of money is when I'm sort of treading away from those rules I don't know if you guys feel the same way.
23:50.19
AdamSliverTrade
I Absolutely and meant even even if I take wins on plays that I broke my rules like averaging down. You know if I average down a bunch and I still win. It doesn't feel good.
23:51.17
blayne
Oh for sure.
24:01.31
Coach Dipka
Um, yeah.
24:01.68
blayne
Right? right? right.
24:02.84
Ellis Dillinger
Got lucky almost now what are your rules if you haven't like anyone come up the top of your head.
24:08.58
AdamSliverTrade
Um, um, there's some. There's some dos and there's some don'ts right? Yeah, the the Don'ts look a lot like don't average down. Ah I don't hold overnight unless it's some sort of runner in a position that I've already taken a lot of gains on um and then there are certain stocks.
24:26.61
Coach Dipka
Um.
24:27.41
AdamSliverTrade
That I just choose not to play. Um as ah.
24:28.47
blayne
Like Nvidia which I just recently decided I don't like I know we've had this conversation so many times I don't like it. You're a big fan.
24:28.53
Ellis Dillinger
Like what.
24:31.34
Coach Dipka
Um, this family.
24:33.40
Ellis Dillinger
I love the video. That's my biggest gainer of ah 2021 what stock do you hate the most adam.
24:42.80
AdamSliverTrade
It. That's oh man, a while ago it was snow.
24:48.67
Ellis Dillinger
Ah I've been burned so many times I so commons only for me.
24:49.15
blayne
Oh yeah.
24:51.93
Coach Dipka
Um, you want to come to burn bad.
24:52.22
AdamSliverTrade
Well yeah, it's just that there are some stocks and and again this speaks to consistency as well. There's some that everything has a different personality. You know if ellis loves nvidia and he's great with its personality then he should be trading it a few days a week but if blaine.
25:09.24
blayne
Right.
25:11.95
AdamSliverTrade
If Blaine hates it and can't ever seem to get it right? Then she shouldn't trade it. But for me, that's tesla I'm not good with Tesla's price action and I just avoid it.
25:23.16
blayne
I've been having so much fine trading lucid Lci Id I think it like it seems like a fairly kind of beginner's stock and it seems to do you know things that it should do yeah.
25:36.96
Coach Dipka
It's shown a lot of strength I totally agree with you I wouldn't even say it's a beginner stock I think it's just like it has a lot of strength and it's like it's moving nicely. Honestly, it's not shopping as much as like some of the other names and. Yeah, just staying in a steady trend I noticed a couple weeks ago I was having a problem where stocks would sort of just move in 1 direction 1 day. So if you're more more. So if you're swinging anything overnight things would overextend and then you would wake up and they would almost. Like need a pullback because they were getting so overextended in 1 day but I would almost rather see lucid go up like 3 percent monday 2 percent tuesday you know 5 percent wednesday rather than it go up like twelve percent monday down five percent tuesday and then back up, it's just a little choppy.
26:26.27
blayne
Yeah I wasn't actually expecting that most recent pullback that it had like I really thought it was going to have all time highs I mean end of last week early this week and then it had that pullback but you know.
26:40.66
Coach Dipka
Yeah I think the the macro like the spy obviously come down didn't help I wm Gotro Just the market didn't help as a whole I did want to put yeah everything Just oh I know right.
26:49.23
Ellis Dillinger
Everything died vix is ripping though. It.
26:51.28
blayne
Um.
26:57.64
Coach Dipka
Ah, did what penny not penny I'm sorry Blaine okay I did want to touch on something with sort of the rules that I don't it's not necessarily rules but I feel like this is applicable to a lot of small cap traders out here if you don't mind.
26:58.66
blayne
Either 1 works.
27:12.58
blayne
Please please.
27:16.17
Coach Dipka
So I actually posted a tweet I just went back and found that this is about a week ago about the five major lessons that I learned and I can you know tell you almost to the day. What stocks these were the prices they were trading at how much I lost on them. Um. And I even wrote them down for wash sales purposes but Mara in august of 2020 so I actually sold it the lowest it ever went from that day forward. So it has never been as low as down to the s cent that I sold it at.
27:44.85
Ellis Dillinger
A.
27:49.89
Coach Dipka
Um, that was at minus two k that taught me the lesson of you know, not waking up at four zero am m on weeble to try and trade on your phone that was just more of fomo. Honestly I would have been better off waking up 8 am. Whatever number 2 was ktov that taught me about offerings and sort of the fundamentals of penny stocks that was a lesson I took early on I gave back 3 and a half k in 2020 when ktov did that offering. Remember pj matlock actually like kind of called it out. He's like the price action looks a little weird and that's something that I can identify now a year later but you know when I was starting out I couldn't number 3 was ai and Adam kind of just talked about this with his rules was buying the knife or sort of just keep adding dips. That's what I did. That's how I lost twenty two thousand dollars in March of 2020 I bought ai at about like thirteen bucks I kept slapping it as the knife was going further further down so that is now on. You know these lessons have basically helped me form like a rules list of what not to do and. Love keeping them in my back pocket in my head so that I don't repeat those same mistakes. Um, and then let's see genus. So I lost 7000 on genus in April um, that was me buying the new so that was 1 of the lessons I learned just. You know when everyone is on a stock when everyone knows about the news. That's that's a no-go you know you want something unexpected and not overcrowded. That's you know if you if you saw cfi on Friday how it ran but everyone was talking about it on Thursday and it did nothing. No 1 was talking about it on friday. And it ran like forty Percent so I think that was something interesting. Um, and then number 5 on my list of rules is um, board trading. So if you're bored you gotta just walk away from the computer if you don't see a setup. Think this is a quote from Adam he actually talks about like letting the trade come to you if you find yourself looking for a trade. You totally know you're in the wrong mindset at that day that's helped me a lossa shout out commission for that 1.
30:02.31
blayne
Yeah.
30:03.12
AdamSliverTrade
Thank you? Yeah man my I really only trade for the first 1 and a half to 2 hours and I just get out and enjoy the day. Um, that's that's also 1 of 1 of my rules as soon as I'm kind of looking for something. The ability to identify it and then say okay I'm looking for something I'm going to stop for me. That's been huge, but with these watch lists. Ah that I'm talking about There's a very prescribed strategy that I abide by and that. I want people to abide by and it almost sets you up for the ability to walk away. It says if it's between my levels I'm just not going to touch it if it breaks out of the levels then it gives me Opportunities. You know x y and z and if it. Doesn't do any of that or if it goes back below my level after I enter I just cut for a small loss and move on. Um, that's what coach is saying is is exactly right? It's just being able to regulate yourself, especially in a market that's crazy and weird like what we're seeing right now is. So important.
31:12.88
Coach Dipka
I applaud you honestly on your on your self-control for being able to walk away from the market I I find myself like glued to the desk until 5 Yeah.
31:23.91
blayne
Yeah.
31:24.58
Ellis Dillinger
That's me too I've lost so much money from being bored now that you brought up your rule 5 thinking back like there used to be times when I first started I'd be like look at every single Discord like what's everyone on what's everyone doing and then then every time I talk on those plays I lost cause everyone's already out and I got back. So.
31:33.10
Coach Dipka
Um, I hear him.
31:38.65
Coach Dipka
Yeah, and by the time the play comes out usually those algos will be able to buy it before you as well. So that's another. Yeah yeah, oh yeah.
31:40.60
blayne
Yeah, yeah.
31:40.92
Ellis Dillinger
That's interesting I don't. Oh yeah, yeah and I'm on robinhood. So. It's like a 10 cent spread. So I'm gonna slap the absolute top and there goes my account so we've all been there. Yeah board gradings deadly like Friday it was a perfect example of being like I was so bored and like.
31:52.38
blayne
Okay.
31:54.79
AdamSliverTrade
Yeah.
31:57.23
Coach Dipka
But we have.
32:03.45
Ellis Dillinger
Like spy would drop like zero point 1 percent my put would go twenty percent pop back up then it would be red and it was just um, it was a mess just nothing's going on I should've just stepped away took a big l but be all right.
32:10.44
Coach Dipka
Oh yeah, 1 thing that that's helped me and I know it sounds kind of like stupid or foolish. But I try to when I'm bored I find that I can't walk away like Adam does I don't do a good job of that I always feel like I'll be missing something. So instead I'll just play with like very very small side and I'll take mental notes like all right if I hit this trade like I'll buy myself like chipolleo launch or something that just sort of helps me entertain myself but also not jeopardize my account.
32:41.38
Ellis Dillinger
You don't play halo.
32:41.68
blayne
Right? it.
32:45.20
Coach Dipka
I actually was just playing before this. That's why I was late for this meeting the new 1 though.
32:48.10
Ellis Dillinger
Yeah Halo Infinite Yeah mitch and I play call duty and in Halo together while the market's slow. So I think he comes back for power hour and then does whatever he wants to do.
32:59.60
blayne
So coach how did you start your Discord we haven't we haven't covered that yet.
33:03.88
Ellis Dillinger
Oh yeah, mean to lower.
33:06.60
Coach Dipka
Yeah, so let's see I gotta think about this? Um, so okay, so my myself my my 2 good friends who went to penn state 1 of them's working at ah vanguard I believe and the other 1 ne's getting his mba diamond trades. On Twitter he's got a good following and money mander money mandered is a very good trader he specializes in Spy he's mastered it so he'll have something to trade for the rest of his life honestly, but we have a group chat. And we've been trading options for some time now especially that they sort of got me hooked. They taught me a lot about like fibonacci retracements and key levels and all that mandder taught me a lot about spy and how he uses the emas to trade that but we would. Put our plays in this text group chat and you know we were doing really well I mean obviously our our portfolios were doing pretty well but our pics were doing really well and we saw a lot of people on I saw a lot of people on Twitter you know, having quit my job not quit my job but not accepting that. Full time role in being all in on trading I was like you know we're doing really well honestly better than a lot of these people that I see on Twitter why don't we try to get involved here and like pay it forward and you know teach what we've learned because we have some pretty cool stories. You know I started with. Ah, seventeen hundred dollars bond I feel like that was really relatable for a lot of people on Twitter and that's kind of what got me popular is that people like to see someone who started you know from the bottom per se account wise. So I feel like that was relatable for people and then I will say we did get some. We did get some love from zach morris.
34:45.44
blayne
Ah, here.
34:52.69
blayne
Oh nice.
34:54.00
Coach Dipka
Um, yeah, he's he's a great dude I was actually so I don't want to say harassing but I was messaging him a lot like dude check out my trades today like he got to let me an atlas and actually he actually would message me back a lot like encouraging stuff and.
35:05.71
blayne
Nay.
35:11.31
Coach Dipka
You know what? he's seeing a couple times in the market and some of the stuff he uses but he actually was like dude you are a good trader like you don't need to be an atlas like you can start your own thing so that also sort of let the let the fire to begin our own discord but it's just been a slow build honestly and I feel like.
35:25.79
blayne
That's awesome.
35:29.67
Coach Dipka
Members are getting a kick out of it. Adam has helped a lot cause he would post his watchless in there so that brought a lot of traffic I would do the live trading which I feel like was unique because you know I would actually post exits whereas other people wouldn't and they have their reasons of course like they have a lot of money so that could affect the stock or what not. But for me trade you know I don't trade with it like I said I never had a gain over 5000 dollars. Um I just try to make a thousand a day so I'm able to alert my exits just fine and I feel like part of that is the educational reasons. Um, you know I like to show when I scale out because that's at. Resistance levels and that helps a lot of people because you know they'll let plays go from like up fifty percent to then it'll turn red on them. So. I just think being relatable to a lot of these members has helped us grow a lot Adam has helped us grow a lot unusual wells zack morris so a lot of things. It's a culmination of things. Yeah.
36:27.50
AdamSliverTrade
Coach you said a number of great things that I want to speak to ah first off I Owe you a lot of respect and and gratitude for for really pushing my watch list and you know you're playing them on a regular basis and i.
36:29.69
blayne
That's amazing.
36:45.56
AdamSliverTrade
Can't thank you enough man for really just ah, putting people in the position to succeed with them which is which has been awesome. So.
36:50.49
Coach Dipka
I appreciate that but dude your work is great like that's not even if with me pushing. It's not working unless your watchless was on fire and obviously you see how many people are raving over it.
37:01.69
AdamSliverTrade
Well thank you? But here's here's the thing you say you haven't had a big gainer over 5000 dollars right? But your account balance stands to prove that you don't need home runs to be incredibly successful and the people that I want teaching others about. The things that I do is someone who's trading like a robot you know you're're, you're scaling at fifty percent. You're not looking for the crazy Runners. You know you're making a thousand dollars a day which is probably negligible for for an account of your size and so you're you're trading it and you're just following the plan which is which is. Awesome! And then the last thing is relatable I think when people can realize that that they can do this themselves that it is I mean it's not simple, but if you can put together a way in a simplistic form that you can do this it and it's so encouraging. And that's when the light bulb flips for a lot of people right? and coach you've done that for so many and ah hopefully I've done that as well and it's just been incredible to see.
38:09.51
Coach Dipka
Appreciate that and I will say sometimes I feel like it bites me where you know I don't have I have a you know my hit rate in the discord this week was like 77 percent on my plays I'm living it which is great. But. Have other traders of my discord who are my friends and I actually had stock snipa. He's been. He blew up on Twitter this week actually a little bit for his 800 percent play. So I don't have the flashy percentage gains like that he actually passed me in my discord for alert signups today I was a little salty but all love.
38:41.54
Ellis Dillinger
Um.
38:41.62
blayne
A.
38:44.25
Coach Dipka
A great trail but I will say the ah the retail community. They do love those flashy. You know, big home run plays and I don't you know? ah 100 percent plays almost every day but those are usually where I'll I'll only have runners left I'll never have like a major position. Left running after about fifty percent gain but you know that just my style it works for meso.
39:05.56
Ellis Dillinger
No 1 cares about hundred percenters now hundred percenters are like boring now. Everyone's like oh need 2 thousand five thousand and like if you have 25 contracts of apple and you're making fifteen percent to 1 hundred percent. That's a lot of money like I know kids who like.
39:12.22
Coach Dipka
Um.
39:13.10
blayne
And hit.
39:19.69
AdamSliverTrade
Yeah, it is so.
39:23.17
Ellis Dillinger
They like hold 1 contract. So for absolutely go to the moon to post on Twitter like I don't really care about percent gain like did I win yes or no and it shows that you guys are humble like that because a lot of people nowadays only care about those big gains. But it's not realistic for options and it gives options in large cat people. A bad look.
39:35.62
Coach Dipka
Yeah, but. Yeah I will say sniper sniper even said to your point about the tooth. Everyone wants the 2000 percent gain. He was joking around I had a I had like 100 percent runner and I was happy. He's like oh men like he was just busting my cho. He was like.
39:42.40
Ellis Dillinger
I Think that.
39:56.55
Coach Dipka
Hundred percent is like the new twenty percent or something new. Yeah.
39:57.63
blayne
Yeah.
39:59.84
Ellis Dillinger
It's like the new five. It's I guess it's like a scalp. It's say it's gross. That's not how I learned I learned scaling out twenty five fifty seventy five one hundred like in 25 percent increments. That's what my mentor taught me in large caps and that's what I stick to today.
40:02.60
blayne
A.
40:02.20
AdamSliverTrade
Ah, that's facts.
40:13.59
Coach Dipka
Um, absolutely, it's yeah.
40:15.47
Ellis Dillinger
Too many people just hold like Diamond hands bro like it doesn't actually work like that in a market like this because if we're down Friday down Monday you are down both days and mega clap both days so that's the.
40:24.67
Coach Dipka
Yeah, and I'm all for the I'm all for the the giant gains but at like like penny said not penny out again. I'm so bla said I know I was want penny on Twitter a week I didn't even know.
40:24.67
AdamSliverTrade
Yeah, yeah.
40:32.40
blayne
Oh no, it's honest needs. Yeah yeah.
40:33.70
Ellis Dillinger
I Call her penny and she has my phone number. Okay.
40:41.57
Coach Dipka
But like she said it's all about 1 longevity and in the end you know those base hits and just compounding your gains and building up your account is going to get you so far I know it's not the fastest route but it it works it really does and I I can prove it to you know, hopefully with my story.
40:57.92
Ellis Dillinger
I Have a question for you. What would you say is harder for you. Build entries or exits and why do you think the whatever your answer is why do you think.
41:04.27
AdamSliverTrade
And O that's a great question.
41:05.88
Coach Dipka
Yeah I would I would say I would say that exits is harder for me because I I don't trade with like a ridiculous amount of money and I always usually have room to to average down if I want but that also helps me because. Every time I see my play going down and I still have the capital to like add more so what I tell my discord members is I'll always post a starter I will never not never but rarely say high confidence when I alert something I'll always say starter. Um, that's just because I know that mentally it's a win-win situation right? if you go into the trade and you sort of expect to see a dip and it goes up. You're like Satisfied. So I always give myself some room and if it say I'm trying to add it a key level and it goes below. Right? I really am able to I have that capital and I have that mindset where I'm like okay I can average down here but it makes me second guesss. You know do I want to average down though is the setup there is it holding that key level that I wanted it to hold so the entries um I feel like are a little bit easier for me whereas the exits. Like you said I do get a little you know, not that I'm like blowing up on Twitter but I have a decent following and I do want to post some of those like high percentage gains I just figured out how to use we will cards. Yeah so I try to like.
42:31.60
Ellis Dillinger
Oh yeah, those are amazing. Love them.
42:37.67
Coach Dipka
Try to hold them a little longer. But again, it's just it's a little outside of my personal comfort zone to hold like past 1 hundred 2 hundred percent. You know I've never I've had tons of plays that ran 1000 2000 even 3000 percent on me 1 was lucid a couple weeks ago. But again like I just won't hold that long so I would say exits is definitely the toughest for me just especially after you exit and you see it keep going walk.
43:04.33
Ellis Dillinger
Oh nothing's worse. But you seem like a realistic guy. So my thing on Twitter is I see a lot of people. There's like the fakes and then like the real ones and you guys are obviously real because you're not out there flexing these huge gains you're telling your followers like hey I'm booking profits the whole way up like there's a lot of. Like flashiness as you described that in the whole like fin into a community and it's always nice to hear someone be realistic like you even post your exits I don't know many people that post their exits. Ah.
43:30.33
Coach Dipka
Yeah I love all that a lot of my followers. Don't listen to me which is obviously like totally total to do that. But they know that I'll sell things pretty early and they'll they'll end up. Ah you know, tagging me being like coach. Thanks this went 500 percent my
43:37.50
Ellis Dillinger
So that.
43:47.22
blayne
On her visit.
43:47.97
Coach Dipka
You're talking about like I sold it for 25 to 3 I know yeah, what coach has paper hands for sure.
43:50.37
Ellis Dillinger
Nothing's worse. You know when someone banks bigger in your own play. Dude nothing's worse. It's like hey man congratulations. But you're like grinding your teeth you like I got paper hands but that's awesome.
43:57.23
blayne
It.
44:02.00
AdamSliverTrade
Now if you if you didn't post the we bull card did you actually take the trade.
44:06.82
Ellis Dillinger
No, of course not not I love those things but they're kind of toxic at this point. So.
44:07.58
Coach Dipka
Um, exactly That's also true.
44:11.30
AdamSliverTrade
Um, oh yeah, well see. Okay, so what I do at the end of every day I'll post the and I'll even say it I'll say possible results from trigger you know I don't want people thinking that these I hit all of these you know because. I really only take 1 position at a time I want to see 1 through right? That's just kind of that's another 1 of my rules 1 maybe 2 um, but I post you know, possible results from trigger right? So I'm just doing math I'm saying you know logical high of day divided by logical point. You know from the trigger entry price on the contract and then minus 1 right? gives you percent gain so but you know realistically I'm doing kind of something similar to you ellis I'm I'm 25 mine is about twenty percent and then maybe you know 35 forty percent and then at that point I have a stop set for. Probably thirty percent on the last third and I'll let it go um, but yeah, very similar.
45:10.91
Ellis Dillinger
Yep, same what I say what I do but I think with people I got my thing is like when I'm stock hits like Fifty percent on an option right? Your stop should be at break even like like they they immediately break even but I know people like hey man these are up like 3 hundred percent and now I'm down fifty percent. What should I do.
45:19.93
AdamSliverTrade
So exactly.
45:29.30
Ellis Dillinger
Um, like ah I don't even know how to help you sometimes like I must get frustrated. It's like did you see money take money if someone hands you five hundred dollars cash right? You can tell them? No you want 2000 but the risk is you wake up the next morning and all that money is gone like it's.
45:29.83
Coach Dipka
Ah, if.
45:42.50
Coach Dipka
Yeah, Ellis We actually we have a like I mentioned the lizard we call him moneymander he I make fun of him all the time because we're very different. He will not scale a play until like he scaled these spy calls overnight.
45:52.84
Ellis Dillinger
M.
46:01.44
Coach Dipka
Um, Friday his first 1 fourth scale was at like a hundred and forty four percent actually I think this was on Wednesday his first scale was 1 hundred and forty four percent and I just like I couldn't I know I couldn't believe it.
46:10.98
Ellis Dillinger
That makes me sick his streaming futures on his tvv. Why he sleeps that night with all his money and say oh man hopefully this hits big.
46:16.42
AdamSliverTrade
Um, ah sit.
46:19.30
Coach Dipka
1 it works him though. So props to him but it's just like it. It's not for me I just couldn't imagine because he's had a couple that like you said they've were up a hundred percent and they come back down to even I just couldn't imagine letting that as gains go.
46:26.24
Ellis Dillinger
It's not good for me. Yeah.
46:31.60
Ellis Dillinger
At least sell half at 100 percent the lesser on house money I mean come on I have but I but body does the same thing same thing. Yeah.
46:38.15
AdamSliverTrade
See.
46:40.59
Coach Dipka
I Will say though he actually did have a thousand percenter on those So I can't say anything I can't bash it. Yeah.
46:47.66
Ellis Dillinger
Yeah, he's the go. We're just we're peasants in his kingdom you know? ah.
46:52.65
AdamSliverTrade
I had a play similar to that this week coach I'm I'm sort of ashamed of it but I had square puts on 1 of these days and and my first scale was at 100 percent and I but this is something that we talked about a second ago. Um.
47:00.16
Coach Dipka
Um, both.
47:11.50
AdamSliverTrade
When do you, you know how to know to let your winners run right? because I feel like a lot of people are quick to sell their winners but they wait to sell their losers when it should when it should be the opposite. So what? my I love to just ask myself questions.
47:18.77
Coach Dipka
And dude that's so true.
47:20.34
Ellis Dillinger
That So that's just thing for.
47:29.65
AdamSliverTrade
And my head you know like I said earlier I'm asking myself am I looking for a trade right? That's a question for me enough when I'm in a position my question that I ask myself is do I have a reason to get out. That's what I'm asking myself and I'm on the five minute. Looking for you know I'm putting support and resistance looking at the past few days you know I use very few indicators I don't really use indicators at all I mean vop if that counts. But um, I'm saying okay, if we get you know I'm in the green if we get back over this. Short -term resistance then I'll take more off for twenty percent gains right? But if it doesn't even get there then what's the point. So for example, square just kept falling it would consolidate a little bit I'm still green kept falling and then I mean. When you see a hundred percent is staring in the face you have to take alf half and play on house money. But um and also to answer the question that coach said exits to I argue entries are harder.
48:34.41
Ellis Dillinger
Interesting.
48:38.52
AdamSliverTrade
What was the question. What's harder or what's more important.
48:39.48
Coach Dipka
Um, the total.
48:41.31
Ellis Dillinger
What's ah, what's more difficult for people, entries or exits from your experience.
48:44.42
AdamSliverTrade
I would okay, it's not necessarily. What's more difficult but I think what's more important to get down I think it's entries because there's so many emotions that are flying through your head. When you're about to take an entry. You're you're thinking and okay is this too expensive. Is it too cheap am I going to miss the run is there fomo what am I going through here. Um, what I love to see is I always preach the the retest I want the retest you know if you see a level break and. You see ah a confirmation candle say a five minute closes way above your level for the breakout. Okay well I'm not going to chase it up there. So what I want to see is I want to see it come down. You know I love to buy calls on red candles puts on green candles and have that patience and if you can nail the entry you can. Quite literally. Never be read for an entire second of your position and.
49:45.16
Coach Dipka
Yeah I go I got to go back and change my answer I totally agree with Adam I totally yeah, so.
49:50.72
Ellis Dillinger
He put that really really? well. He made me change my answer to ah.
49:53.85
blayne
Yeah.
49:57.20
Coach Dipka
It also made me think back and I also think part of the the hardest part with the entries to his point you know he makes those call put trigger lists so a lot of times when the the stock opens above the call level. It'll come down and test the the call level. But that is sort of a support point right? So My what I have a hard time with is deciphering because it's gonna make a big move off of ah a key level is it is it holding the level or is it going underneath because I guess I would say am I gonna add calls or Puts is the hard part for me because if it gets under that level. You know you gotta be quick and get it before you get 1 of those nasty candles because a lot of his levels too. Um will be near I don't know exactly how he does the level so I won't speak on it. But what I won't question the magician.
50:45.70
AdamSliverTrade
Ah.
50:47.81
Ellis Dillinger
Well, that's my next question. Yeah, what's the magic behind the trigger list.
50:52.44
AdamSliverTrade
Great question and you're asking me to share my my my biggest secrets right? So ah, no, no, really what it is is. It's it's important to take.
50:57.60
Coach Dipka
I Need the answers.
50:58.11
Ellis Dillinger
Okay, be it be very very vague very very vague I Flip a coin.
50:59.73
blayne
Ah.
51:11.54
AdamSliverTrade
Ranges into account so I take I look at the daily ranges of candles. You know the daily candles like what is this? Yeah, what is ah, boeing capable of moving in the day you know on an average you know I'm eliminating the outliers from the from the daily candles and I'm just looking what does an average day look like for boeing. And then I'm taking a certain percentage of that move. Um about 20 to 25 percent of that daily move and I'm taking that as the range that I want my triggers to be from the market close price. Okay, that was a lot of words but basically finding um, a nice little sweet spot. To put these support and resistances at you know to look for them in because for for options you don't want it to be too far away in a day to where the moves already happen and you don't want it to be too close to where you're gonna get faked out and it's it's really about just finding that that balance. Zone and ah, that's where all my thought process goes is like am I finding the perfect balance and what coach said you know say there's a gap up a lot of people just want to slap it as soon as it happens but I say no, let's let it pull Back. Let's get that retest and almost to the t. You'll see these levels get touched and it's awesome and but the the question is or am I taking calls on a bouncer am I taking puts on on a flush and that's where it just comes into repetition. You need to just be looking at these charts you need to be. Playing it out in your head simulating it and for me, kind of the the aha moment was when I just started putting things on a chart because it's super ominous and intimidating when you're just like okay well how do I go about trusting my own levels I just tell people. Do it force yourself to do it and just observe and you'll see incredible things can happen.
53:14.25
Ellis Dillinger
Now Do you use like a atr type strategy like all true range is that sort of how you get your basis or similar. Okay, yeah, penny. Do you know what? atr means. So basically it's like what's the daily range of a stock. So let's say like.
53:16.69
AdamSliverTrade
Um, similar something similar. Yeah.
53:25.40
blayne
Now.
53:33.71
Ellis Dillinger
Boeing boeing can sometimes move pretty violently same with Tesla where you look at like a pfizer which is all my watch list. Watchless just right? Nice set up. Yep so I coughed because it's ah it's a vaccine stock. You know? yeah tough tough I know tough tough joke out here. But ah.
53:39.73
AdamSliverTrade
Me too.
53:40.78
blayne
The. Oh Oh Funny. Ah.
53:53.48
Ellis Dillinger
Notice that pfizer really doesn't move that much right? You're not going to get a dollar a move a day you'll get like twenty five cents to fifty cents. So it's important to know it all ties into the personality of a stock like how you love ccl right? and I hate it or how you hate in N avidia.
54:04.28
blayne
And my favorite stop.
54:07.66
Ellis Dillinger
And you love you think lucid's like a beginner stock when I think it's 1 of the harder stocks to trade in the market at the moment. Yeah I was I wanted to say that earlier I had it in my notes. But yeah I find lucid very very difficult to trade because it's known to be violent, especially when you go make sandwiches and your your calls go down fifty percent.
54:12.37
blayne
Oh how funny.
54:25.16
blayne
It.
54:26.81
Ellis Dillinger
You know? So ah, no yeah, yeah, his name's me yeah, what the wawa to go get a sandwich or I live in Philadelphia I heard 1 of you guys talk about penn state my roommates actually go to penn state so um, but coach. Yeah, he's a penn state guy.
54:27.10
AdamSliverTrade
Do you know a friend who did that or.
54:31.88
blayne
We.
54:42.32
AdamSliverTrade
That's coach.
54:42.59
Coach Dipka
Yes, lot of mu young friends. Oh of course we got that in Jersey just sir.
54:45.74
Ellis Dillinger
So you know a wa why is right? Oh you're from Jersey. Oh let's go cool, cool cool but interesting. You guys are very very honest people I really like talking to you guys.
54:57.29
blayne
Yeah I like it a lot.
55:01.50
Ellis Dillinger
Yeah, you guys are very knowledgeable too and you're very you have a similar mindset to to how lot of like traders I look up to is no Bs right? Just trade what's in front of you don't look at all the flashyness and all the noise I feel like people get lost in that I think they're gonna start trading and get a lambo the next day but it.
55:18.51
AdamSliverTrade
I I think the most empowering thing is when you can realize that you can do it for yourself. That's my entire mission I hear is I Just want to be people to feel empowered that they can do it. You know there's nothing against taking.
55:20.13
Ellis Dillinger
It doesn't happen.
55:37.54
AdamSliverTrade
Calls of very great traders I have nothing against that. But once you realize you can do it yourself it. It opens up a whole new world.
55:45.86
Coach Dipka
Yeah I I got to jump in here and just talk about this is this is relating to the topic. Ah my advisor so I have some money with or had I should say some money with an advisor at me. Meryl lynch because when I lost that 22000 in March I talked about I figured I should probably protect some of my all of my gains. Yeah, exactly.
56:04.10
Ellis Dillinger
Wire out right? Always got a wire out anyone December wire out. Please you don't get slapped in March sorry go on.
56:04.11
blayne
Ahead. Um, never will have.
56:14.12
Coach Dipka
Yeah, but um I actually ended up closing that account down. You know we were witnessing or we were witnessing like 1 of the greatest bull markets right in Market history and in that same time period. My my professional advisor. Had my account down twelve and a half percent over you know the past eight nine months. Um I just I just want to encourage people that you are in control of your own. You know, financial future and like Adam said anyone can do this. You know this guy has a has a license he has got all their certifications. And he's got me down twelve and a half percent meanwhile you know I have no licenses no certifications and you know what I was able to do what you guys are able to do. It's just it is incredible and inspiring honestly, so we we had zinga which is.
57:04.66
Ellis Dillinger
What did he buy? Oh God yeah.
57:12.53
Coach Dipka
I don't want to talk about that 1 but down fifty percent right? How how do you let something and I also would like to note that we had covered calls so there was downside protection and we were still down twelve and a half percent so that's even even crazier. Yeah.
57:26.44
Ellis Dillinger
Nice.
57:30.98
Coach Dipka
Um, what else I had chewy chewy at like I would say like eighty it's sitting in the sixty s international bought that at ninety 8 if you actually look it went straight down from Ninety 8
57:32.11
Ellis Dillinger
To Okay to.
57:38.11
Ellis Dillinger
Fantastic. Yeah.
57:48.44
blayne
Um.
57:50.16
Coach Dipka
Other clothes recovering what else there were some other ones. Oh yeah, you guys will love this 1 draft kings I mean yeah, that 1 ne's getting ah club must be nice. Must be nice I felt.
57:53.33
Ellis Dillinger
I've really enjoying this I'm sorry yeah like.
57:53.74
AdamSliverTrade
Yeah, continue continue please.
57:55.35
blayne
It's really Great. Ah. Oh of course.
58:01.63
Ellis Dillinger
Yeah I own that in the twenty s so I just kept it. Yeah.
58:05.24
blayne
The.
58:06.46
AdamSliverTrade
He said he said yeah this is definitely not a head and shoulders at 64 at all.
58:09.76
Coach Dipka
Then will.
58:11.29
Ellis Dillinger
Yeah, exactly this is definitely not a weekly heading soldiers at 42 I told people like don't buy it like I closed all mine and leave the runners I was like head and shoulders sure enough here. We are.
58:11.98
blayne
And yeah.
58:15.14
Coach Dipka
Um I.
58:23.20
Coach Dipka
Yeah, and this is no bash on like I know so many people obviously have money tied up with advisors and it's great and as long as you're investing and doing the right things I think that's a great first step for me personally though it just didn't make sense. You know I'm trading in the markets every day I'm able to watch it.
58:29.40
Ellis Dillinger
Yeah.
58:42.32
Coach Dipka
And who's going to care more about my money me or someone else. So I prefer to just you know, take it into my own hands at this point but the ultimate point is is that really anyone is capable of doing this like like Adam did mention.
58:55.58
Ellis Dillinger
Do you invest long-term now. So.
58:58.39
Coach Dipka
So I just liquidated last week um so I'm I'm shopping right now I'll be shopping this week I will be taking a look I'm I I'm I in Facebook really hard I'm not going that. Yeah.
59:04.41
Ellis Dillinger
Nice, nice, nice. So you're buying the dip. Yeah yeah I got orders already in I'm tingling just waiting for them to get filled the meta.
59:13.90
AdamSliverTrade
Lovely.
59:16.87
blayne
So well well the meta thing super fascinating Anyway, totally totally.
59:23.34
Coach Dipka
Also scary but Flo worth me already.
59:26.18
Ellis Dillinger
This is the meadow. Do you mean.
59:28.33
AdamSliverTrade
Ah, yes.
59:30.76
blayne
Ah, um, do you guys have any advice for a brand new I just opened up my robinhood I've never taken a trade but I'm looking to get into it trader.
59:45.56
Coach Dipka
Yes, paper trading absolutely number 1 thing don't let your real money. Be your experimental account it I I struggled honestly in the beginning when I got started like 2 years ago
59:48.13
blayne
Hit me with it.
01:00:05.50
Coach Dipka
Keep in mind with my paper trading account was mostly like large caps and stuff but I struggle with just the layout of my brokerage like think orwim looked like foreign language to me at first transferring from robinhood to think or swim options like I had no idea what those were I didn't know you know the multiplier of a Hundred.
01:00:14.69
blayne
Ah, totally.
01:00:24.86
Coach Dipka
So I could have accidentally like bought larger quantities I actually bought fubo once and this is when I was pretty experienced but like even a simple like slip of a button adding an extra zero I meant why like say 30000 dollars it was like 3 hundred and all bought on margin. So just.
01:00:35.60
blayne
Ah, um.
01:00:44.30
Coach Dipka
Getting some of that rusty stuff out is always good and that paper trading helps with that.
01:00:48.57
blayne
I would also add as someone who just I mean in the last couple months learned how to trade like I started on Robin hood then I went to td ameritrade on my phone and basically just traded on my phone and then learned how to use the desktop. Thinkorswim app and I think if you're going to paper if you're gonna take that advice in paper trade paper trade like use think or swim or use a real broker like you know what? I mean like learn how to use the thing don't do what I did it like.
01:01:17.16
Coach Dipka
Um, yes, and yourself. Yeah.
01:01:26.22
blayne
Because I knew how to who it was really a nightmare take the time to do the work before you put your money on the line to you know do what I say not what I did Oh my.
01:01:35.19
Coach Dipka
Um, yeah, yeah goes.
01:01:35.40
AdamSliverTrade
to add to coach's point I think the the order execution incredibly perfect paper trade use you know fake money. Additionally, don't let the first time you look at charts be as soon as you put money into your broker's account. You know take a look at the charts just stare at them the the amount of time you can just stare at a screen over time. The hours will will add up and truly make a difference I mean you might not think it does but just seeing and visualizing everything I know there's a lot of visual learners out there. Incredibly important.
01:02:13.25
Ellis Dillinger
I weigh adam if the green line on my Robin hood account keeps going up is that count is looking at charts.
01:02:14.41
blayne
I Like that. Ah.
01:02:19.91
Coach Dipka
Um, and.
01:02:21.62
AdamSliverTrade
If it goes up and to the right good. Ah.
01:02:24.69
Ellis Dillinger
Oh nice, Nice ah cool. Yeah, it's doing that right now. So that's good I I bought it crypto dip.
01:02:25.10
blayne
Yeah, you know on that point 1 of the last episodes we released is with impressive emu and we were talking a little bit about fibs and I don't know very um I don't know anything about fibs.
01:02:29.26
Coach Dipka
Um, blame.
01:02:43.85
blayne
But um, I'm sort of tweaking my rules. They're all my rules are just constantly like ah an open word document that I will you know tweak as things gone and I'm thinking about adding to them based on the Fib Conversation. Don't trade anything unless it has a pretty chart and I know that's like a very ambiguous thing to say but I it like makes a lot of sense in my mind like if I'm looking at a chart and I'm like I have to really kick my mind into high gear here to figure out what. Going on I Just don't think that's something I should trade like all my trades go better when you just look at the chart and you're like this just feels nice. Do you guys have any thoughts about that or is that a done is should I not add it to my rule. My rules. Okay, all right.
01:03:29.80
Coach Dipka
Yeah.
01:03:33.98
AdamSliverTrade
I Like that rule.
01:03:36.79
Coach Dipka
Yeah I agree going back to your your point with like Lucy being a great mover for you If you're seeing the price action and you like know how it moves That's another part of my strategy that I use is I know certain stocks personalities. So I'm able to you know.
01:03:39.72
Ellis Dillinger
Don't trade ugly.
01:03:39.86
blayne
I'm getting subtraction here on the rule.
01:03:56.48
Coach Dipka
Recognize what sort of a move. They're going to make if it's not acting the way I want it to I'm able to cut it quickly So that's that's a great rule to add. Absolutely.
01:04:04.10
blayne
Thanks, Thanks! All right, right? right? I'm like let me play to my strengths here and that is like I am good at pretty charts I like my charts to look pretty and I like to get really get to know you know.
01:04:06.23
Ellis Dillinger
You're also a painter too if it looks pretty keep on going if it looks ugly then exactly.
01:04:23.84
blayne
Ten to 15 stocks and then they become my friends with the pretty charts friends with the pretty charts. Oh god right? right? right? I like the balance.
01:04:27.82
Ellis Dillinger
You mentioned before that you like you have an eye for like as things being aesthetic or aesthetically pleading. So if you look at a chart and its balance. It looks nice and you're minish be like okay that's a really nice chart that looks like it's good for me me I just play opening range breakouts if I'm scalping in your day. So. Doesn't really matter what the chart looks like if it looks going to ten minute the market's going up or down I just stick with that. So.
01:04:52.27
blayne
I Got a lot of that from my um, my conversation with real simple ariel about looking like he you know I Just love his strategy but he's such a big like does this look good on the daily chart you know and if the answer is no then. You don't trade that. So yeah, simple.
01:05:12.28
AdamSliverTrade
Yeah Blaine. Ah.
01:05:13.15
Ellis Dillinger
Yep, we're we're beefing right now me and Ariel he shorted ford and I messaged him saying I was very disappointed in him. So no, no, no, no, that's Ford. That's my long term boomer next hundred dollars stock in my mind. Okay.
01:05:19.90
blayne
Oh I'm so proud of him getting out there shorting nip for him.
01:05:29.88
AdamSliverTrade
Glue chips blaine I think much the same way. Um I go I usually go daily hourly fifteen minute and I want things that are aesthetic right in and if they're if the aesthetics work for you and then.
01:05:30.97
Ellis Dillinger
I Love Ford That's my baby girl right? there.
01:05:31.16
blayne
A.
01:05:41.38
blayne
Yeah.
01:05:47.46
AdamSliverTrade
And then you see okay I can find some good levels to play. That's exactly the way that I think and um, you know, but the cool thing is is that me you and Ellis and coach can each look at a stock a different way each play it a different way and still make money.
01:06:04.11
blayne
Totally.
01:06:05.10
Coach Dipka
Yeah, we ah me and Adam were on the opposite side of spy on Friday and you did have me there. Not gonna lie I was looking for some emma support and he had some key level drawn back probably from the daily charter the five minute.
01:06:10.78
AdamSliverTrade
Ah.
01:06:11.20
Ellis Dillinger
Madam.
01:06:22.71
Coach Dipka
And he he did have me there so props to him it happens.
01:06:26.37
AdamSliverTrade
That's okay coach.
01:06:27.70
blayne
I Also like to you know you can get a smaller risk to reward if something pulls back on the emas like pulls way back and you're like why I could buy it here and it's a tiny Risk. So like um, you know, might as well take the trade a lot of people will take those like small risk trades and my personality is kind of like I think Ripster also does a similar thing is I like to kind of buy stocks that are showing a lot of strings. Even if I'm. Playing if I'm buying them a little too high just because like I'm like I want to I want to buy it once. It's confirmed that it's Gone. You know I like there's so many different ways to play this just like you were saying so many different ways to play the same thing and get good results and. I Certainly have been struggling So my way is maybe not the way but it's interesting how you bring your own personal preferences in to the Stock market.
01:07:24.34
AdamSliverTrade
1 thing that I've actually been speaking about with with some friends is long just like you're saying long relative strength plays short relative weakness plays and I would say the latter of those is probably my favorite is if I if I see a play.
01:07:24.41
Coach Dipka
Yeah, we don't know.
01:07:40.22
blayne
Aha.
01:07:42.80
AdamSliverTrade
But it works vice versa right? Ah if I continue to see a play bouncing or dropping off of resistance you know, unable to break resistance and spies ripping you know I'm adding puts every single resistance touch just Boom boom boom boom like you said small risk right.
01:07:52.72
blayne
And her.
01:08:02.74
AdamSliverTrade
I'm adding them every single resistance touch and I'm playing that relative weakness because as as soon as Spy Sees a little tiny drop of blood boom. You'll see I mean the puts will just they go burn right? But so same simply put they go burn but you know.
01:08:03.20
blayne
Yep.
01:08:10.42
blayne
How interesting.
01:08:14.18
Ellis Dillinger
Yeah.
01:08:21.22
AdamSliverTrade
Inversely of what you're saying right? if you see something like a great example is Apple this past week you know Spy was just dumping and then apples just out here ripping I mean Microsoft is dumping usually usually my ah Microsoft and Apple will will go together I mean but.
01:08:29.83
blayne
Ah, yeah.
01:08:30.88
Coach Dipka
Yeah, that was easy.
01:08:38.68
AdamSliverTrade
You see Apple just going crazy when spy is dumping mean as soon as Spy Sees Any Green Apple's just going to go to town.
01:08:41.81
blayne
Yeah, oh I love playing that something that's showing like relative strength in a weak market. You know what did that this week is Bbw love bbw it had those great earnings and was just raging while the market was on fire.
01:08:57.31
Coach Dipka
Oh yeah I remember those earnings. But yeah I did play apple to Adam's point that's 1 of the main things that I look for is when spy goes down I see Nvidia is 1 of my first goes go tos when spy makes sort of a major move.
01:09:01.10
blayne
Yeah.
01:09:14.56
Coach Dipka
Obviously it follows it pretty closely but that worked out well for me just following in video with spy it sort of lags in my opinion just a second or 2 So it's a little easier to catch than spy. But it's just something that's worked for me.
01:09:28.30
blayne
All right here's an another like the my joke of the podcast is that I have all these people on and I ask them all about them and then at the end it just turns into like a personal therapy session for my own training which happened. Yeah.
01:09:28.39
Ellis Dillinger
I Do the set up.
01:09:40.64
Ellis Dillinger
They call me Dr Led sometimes yeah.
01:09:40.74
Coach Dipka
Um, further.
01:09:47.25
blayne
Happens 10 times out of 10 Um, ah what do you guys? Think if I am interested in options and I've obviously interviewed like 25 people who trade options and my it's just like.
01:10:00.40
Ellis Dillinger
Um.
01:10:05.40
blayne
They do not work with my mind like I was saying like I look at a pretty chart. It just is easy easy for me to do and I no matter how many people I talk to and how much I try to understand it just like cannot figure out options. Do you. Guys think that that's something that I should just like hunker down try harder like work more at or do you think that that's just kind of a thing that maybe they're not for me.
01:10:32.85
Coach Dipka
1 million percent and this is coming from someone Blaine who was obsessed with the penny stock market the small caps honestly, it still is to this day. My strength I become a pretty good option trader as well. But you know those pennies and those small caps I've really. Hammer them down to you know pinpoint accuracy I feel like at this point but the options game allows you when you're having like a hard time like this past week it was a tough market. It was I didn't make and I didn't really take any trades in small caps because again it didn't meet that criteria that I set.
01:10:56.76
blayne
Yang.
01:11:09.83
Coach Dipka
But it allowed me to shift to options having you know sort of I call call it the tool belt I have multiple tools in the tool belt 1 is small caps. Another is large cap options and large cap puts not puts but shorting I call it. So yeah I think that would be definitely useful for you to get into for sure and.
01:11:27.59
blayne
So what? how do I do that like how like how do I How do what is the best way to learn how to do them because I thought that the best way and I've said on the podcast before if you want to trade options buy an option and.
01:11:29.63
Coach Dipka
Ah, captain said.
01:11:30.60
AdamSliverTrade
Um, the the.
01:11:42.38
Ellis Dillinger
Yeah yelp.
01:11:44.16
AdamSliverTrade
Ah see.
01:11:46.99
blayne
I have traded options but I just like kind of the it is if people are bringing you know I feel like I and it's the first time I've picked up a basketball and I've been put into an Nba game like I just don't I just don't understand it.
01:11:53.13
Coach Dipka
Um.
01:12:02.57
AdamSliverTrade
Um, blame some some socratic dialogue here. Okay, why don't you why don't you tell me Define the 1 thing or if you were to summarize it in 1 sentence. What about options confuses you.
01:12:06.60
blayne
All right? My favorite.
01:12:19.98
AdamSliverTrade
Or doesn't work for you.
01:12:22.57
blayne
I I don't know how to trade them on think or swimm and I feel really strong with my trading on thinkerswim now and I so I have to trade them on my weeble on my phone.
01:12:31.59
Coach Dipka
Um, okay.
01:12:37.89
Coach Dipka
I Do I That's how I trade him I was gonna tell you to just we will phone.
01:12:40.10
AdamSliverTrade
Okay, that's what I do to I do to? yes yes, always give it out here giving great advice and.
01:12:42.81
Ellis Dillinger
Yeah, so I do it. Do we all use. We bull for options. Yeah, it's so quick you just slap the ask and you're in. It's so quick. Yeah yeah, all in at the ask thirty percent spread doesn't matter. You're in.
01:12:43.50
blayne
Okay, okay.
01:12:45.50
Coach Dipka
Um, yeah, it's so cool.
01:12:50.95
blayne
Okay, but.
01:12:57.97
blayne
Ah, okay, but then I guess I don't know woo This is a lot of transparency. Um I don't know how to use stop losses.
01:12:58.89
Coach Dipka
Um.
01:12:58.91
AdamSliverTrade
Ah.
01:13:01.55
Ellis Dillinger
I'm not missing a ripper.
01:13:16.70
Coach Dipka
Okay I I will just tell you 2 things that I would do if I or 3 things 1 stop loss is for me I don't use them like when you put them in manually, they'll sometimes we'll go over your stop loss.
01:13:16.22
blayne
On the webble so that I get scared.
01:13:31.28
blayne
I had.
01:13:34.50
Coach Dipka
And you won't get filled and then you gotta go back in and cancel it. So that's like the 1 thing with webo phone app. That's a little slow so I just do it all manually. So if you're watching it I wouldn't use 1 number 2 Um, you need to set out a risk management plan like Adam said before a lot of people will let.
01:13:39.42
blayne
Ah.
01:13:53.26
Coach Dipka
Losers especially with options cause their vols help. They'll let them run to the downside but they will cut profits early to the upside because you have a lot of volatility right? Especially when transitioning transitioning from small caps if you have a fourteen percent gain on a small cap that's like insane.
01:14:02.96
blayne
Ah, her.
01:14:11.52
Coach Dipka
Whereas if you have that in an option. You know you kind of gotta just get used to how different that is and number 3 I would just honestly give adams I'm not even like just gasing them up cause we're friends look at watch list look at his watch list. What I'll do.
01:14:22.50
AdamSliverTrade
So pro bro pro.
01:14:22.63
Ellis Dillinger
Yeah, gas them off gas em up. But I'm looking at it right now.
01:14:23.63
blayne
Head. Ah.
01:14:30.22
Coach Dipka
You said you use thinkorswim. Do you use the price level feature. Okay, so if you go to drawings up top right on the T Os ah web app go to price levels and all I do is I take his call trigger level and I just double tap it right? at that price.
01:14:32.35
blayne
No, ah.
01:14:48.76
Coach Dipka
And I could all show you this like off grid too and then I turn that 1 into green color so that lets me know it's the call trigger and then I'll do the same for the put trigger and I'll make that 1 red and not even like necessarily you don't even necessarily have to take them.
01:14:49.65
blayne
Yeah.
01:15:05.35
Coach Dipka
But just have those up on your screen and start watching how it hugs these levels that he draws out for you and you'll start just recognizing like this is where the key movie is gonna happen and if you could hone in and find good entries like Adam talked about before like you'll become honestly unstoppable. It's tough at first.
01:15:19.40
blayne
And.
01:15:25.50
Coach Dipka
You know I've struggled in the beginning but I've gotten a lot better with it. You need to use like 5 minute confirmation. Candles. So you don't get faked out but the most important thing in my opinion is just reps just and again you don't have to sacrifice your account in the process. You could do paper trading or you could even just play with very small amounts like 1 contract but I think reps is just so important and you Adam is a great place to Start. He puts those out pre-market so you could chart it out before the day even starts.
01:15:54.42
AdamSliverTrade
Yeah I put um I put them out at night. So what I would say is I can I can picture where your where your head's at right? You know you're intimidated by it. It's I know that I can lose thirty percent in about two minutes that's scary um but the best thing you can do is just.
01:15:55.18
blayne
Okay, yes.
01:16:06.74
blayne
Right.
01:16:14.12
AdamSliverTrade
Try to slow it down. Ah you know it's it's just like you're a high schooler and suddenly you get you get drafted into the and nba like you said, um, try to slow it down where you can just like coach said take 1 contract here you know, just watch the screen watch. How.
01:16:19.89
blayne
Ryan.
01:16:34.60
AdamSliverTrade
The the contracts correspond with the levels and watch how watch how the spreads move because those spreads between the bid and the ask and just like ellis said you know I'll buy the ask and I'm already down thirty percent great you know you got to watch those. There's a lot of things and options that you can just.
01:16:46.68
blayne
Yeah.
01:16:53.35
AdamSliverTrade
Watch right? and still learn in the process of watching. Um I would say I mean for me I would and I'd play my watchless every day with options. It's important to just tune out the noise because if you're seeing somebody calling it on Twitter then. They're already in their followers are already in and they're selling their contracts to you. So if you come in with a play with with a plan like coach said you have your predefined risk have your predefined scaling and prepare yourself for a consistent outcome. You'll you'll find yourself going into a trade more confident than you will if you go in with no plan at all.
01:17:37.33
Coach Dipka
Yeah, so from from a basic perspective like trying to keep it as simple as possible. That's what Adam does I use his 2 levels on the stock. The five stocks that he has I will and then I'll chart out yesterday's close
01:17:37.75
blayne
Okay.
01:17:53.84
Coach Dipka
That's 1 of the key levels I use I'll do yesterday's low and yesterday's high and then I'll go back on the daily chart and see if there's anything like super significant. Um, and you know maybe a fib level as well. But usually you know you have those four or five levels and those help me with. You know when it does break Adam's level where can I scale. Is it going to test yesterday's high maybe I want to it just broke out I want to scale like half there for example, but again just simply charting those out will help you so much just start visualizing and seeing how how things react at these levels.
01:18:22.17
blayne
And.
01:18:28.14
blayne
Well I think I think that that's 1 of the I think that visual piece is a huge blind spot for me is kind of like seeing how the option like i. When I'm training comments I'm looking at the chart and I understand like the price is going up like I understand all of that and the like visual piece of options is a grayer area for me like do you understand what I'm saying and that feels like a weakness.
01:18:57.70
AdamSliverTrade
Um, yes, yeah so um, best thing I would say there is again paper trading can probably be a great way to just kind of learn up on this is.
01:19:11.17
blayne
Okay.
01:19:14.96
AdamSliverTrade
Visualize you know how does my P and L on this on this contract. How does it move with the price and so what I do is I play weeklies I Really only play weeklies because these levels are are meant to be the next day only but everybody has totally different.
01:19:30.25
blayne
Aha.
01:19:31.88
AdamSliverTrade
Ways to play options right? This is just what I choose to do because I want the move to either happen or it doesn't I'm looking for an entry as close as possible to my level like ideally it's 1 cent above my level I get a five minute candle to close Boom I take an entry it drops below I sell for minus five percent
01:19:46.78
blayne
And then.
01:19:51.66
AdamSliverTrade
If I am probably less if I keep getting continuation then then Boom you know I have a break even stop and I'm in the green um yeah
01:20:00.25
Coach Dipka
I yeah I I don't even mean to gas my myself Adam in the discording end but you honestly should come in and live trade with us and I think you'd get like a great experience out of it because we literally it's hard for me to say.
01:20:13.38
AdamSliverTrade
Seriously.
01:20:19.17
Coach Dipka
You know, exactly what you should do right now. But when the trade is in front of me I could at least walk you through you know my what? what's going on in. You know my head and what I'm seeing at least and Adam hops on there all the time. It's great. So it's a good like learning conducive place to for options traders.
01:20:20.10
blayne
Right.
01:20:34.10
blayne
You know I interviewed somebody 1 time who was talking about his mentor and he was like that he was just like the kindness person and he would just like take our hands and walk us through it like we were children and I was like that like that is i. Think kind of where I am because I've had so I've had so much information really because of the podcast but like learning all of these different things and it's I've gotten to the point where I'm so like overwhelmed with information. That I kind of need to strip everything away and just like go through something very systematically in a way that like would build some confidence.
01:21:14.10
Coach Dipka
Um, yeah.
01:21:23.99
AdamSliverTrade
Um I Love that you eloquently stated.
01:21:25.60
Coach Dipka
Um, yeah, yeah, just keep it.
01:21:28.44
blayne
Thank you, Thank you? ah.
01:21:29.20
Ellis Dillinger
To the new Discord baby Woo Yeah ah blank quick question for you. Ah, do use we will desktop. Yeah.
01:21:31.59
AdamSliverTrade
Ah.
01:21:34.64
blayne
Um, sure yeah I have it but I I don't like webel. Ah but I have it.
01:21:41.96
Ellis Dillinger
Okay, so when you're trading options on it pull up the 1 like to put the so you're gonna use Adam's watch list tomorrow right? put this five stocks on 1 I know you have like 10 screens I've seen your setup have we bull in the corner have your have your your your option chain open and those levels.
01:21:57.57
blayne
Badass.
01:22:01.76
Ellis Dillinger
And they just click by and then no indicators just the the green line and the red line and that's all you gotta do like that's pretty much my setup when I'm home I don't have like I got like the ad a and vopp but I don't doesn't I don't use that for penny stock. It's just all in there cause I'm too late to turn it off. That's all you got it though hits the level look for a re tests. Buy 1 contract just 1 not 10 just 1 and then ride it up. Get twenty percent sell then you do that enough enough time you start getting more and more confidence in it cause that's what options all about right cause I know people who pick click buy it drop fifty percent. Okay like it happens. Yeah and they hold like that I remember 1 time.
01:22:33.72
AdamSliverTrade
And they hold so.
01:22:39.10
Ellis Dillinger
I meant to buy 3 apple like lottos on a Friday and that bought 3 hundred and 34 time so that yeah yeah, that was a real bad day. Dude that was not no gucci backpacks that day. But that's all you have to do a lot of people overcomplicate options. But I think it's better for new people to trade options.
01:22:42.96
blayne
Sure of course of course.
01:22:45.50
AdamSliverTrade
Whoa.
01:22:49.16
blayne
Ah.
01:22:49.67
AdamSliverTrade
Ah.
01:22:58.57
Ellis Dillinger
Then small caps because small caps are very pump and dumpy if there's no momo. That's what it is and large caps you can trade every single day. No matter what they red Green Purple Orange Market doesn't matter. It's I'll trade them.
01:23:09.89
blayne
Well I also have in my webel account I have like three thousand dollars that if it went away tomorrow would be fine like I am more than happy to lose that my but like i.
01:23:10.34
AdamSliverTrade
It? yeah.
01:23:19.43
Ellis Dillinger
No, we're doubling it this week what do you mean? Adam has a watch list like we're in double it triple it hell we're to quad dribbling mindset. Yeah, if there's 1 thousand percenters on my Twitter feed this week adam will come for you.
01:23:22.30
Coach Dipka
Um, or double. We're not spoiling until we see at least a hundred percent too.
01:23:22.81
AdamSliverTrade
Ah.
01:23:29.13
blayne
Right.
01:23:36.20
blayne
And.
01:23:37.16
AdamSliverTrade
Ah, did somebody say full port build a bear. Ah.
01:23:38.40
Ellis Dillinger
Um, just kidding oh did. Okay.
01:23:41.00
blayne
O Well guys I have kept you so long and for personal reasons like Ellis every freakin time you're on the podcast I know I'm like I got to use this just for me.
01:23:51.38
Ellis Dillinger
Yeah, it's always my fault I know I know.
01:23:58.85
blayne
Um, I'm sorry I kept you guys so long I am so so impressed with both of you and your um, humbleness and honesty and genuineness. It is at this was delightful and I I'm honestly so thankful I got to live.
01:23:59.99
Coach Dipka
Um, oh wallin.
01:24:01.40
AdamSliverTrade
No.
01:24:18.66
blayne
This conversation and I I'm definitely gonna listen to this episode again. You guys are amazing I appreciate you. Both.
01:24:24.71
AdamSliverTrade
Thank you, Thank you so much I mean it's truly been an honor to be on here and have love getting to talk to you.
01:24:31.92
Coach Dipka
You know? Thank you so much for reaching out to me I've honestly had a blast ellis. It was nice meeting you talking to you as well I mean it I feel like we have very similar like mindset when it comes to trading and you guys seem pretty transparent So that's that's awesome.
01:24:37.26
Ellis Dillinger
Of course.
01:24:48.30
AdamSliverTrade
Pretty.
01:24:49.35
Ellis Dillinger
Yeah, yeah, you 2 are very professional I must say you guys are same age as me I'm 25 so we're in the same age group and I can just hear it from your voice. You're very knowledgeable. You're honest and that's all I really look for in people and and I really feel that you guys are great. So.
01:24:50.91
Coach Dipka
But like extremely she was down with a wire I Love it.
01:24:51.50
blayne
Ah, yeah.
01:25:08.25
Ellis Dillinger
Hopefully people are learning stuff in your discord. We'll send penny over there and she can report back to me on her thousand percent rippers all week so
01:25:11.99
Coach Dipka
Well, what we think I gotta throw in 1 more 1 more piece that I think could be useful to your followers. So this isn't like a pro or anything. It's completely free I did make um a google doc pdf it's like forty pages and it has like.
01:25:12.55
blayne
Ah.
01:25:12.97
AdamSliverTrade
Ah.
01:25:31.71
Coach Dipka
Everything about my experience and so it has a table of contents with you know my trading style my strategy some of the strategies I use with like chart examples. My risk management like rules. Um all the indicators I use My setup has. Information on like conquering pdts I know a lot of people struggle with that. So. There's some like tips and tricks on how I got over 25 K and then building a watchless. So There's a lot of good information if you did want to like share that with your followers I feel like it could be useful to people who are new for sure again, it's.
01:26:02.89
blayne
Absolutely I want to get with you after and put together like I can put in the show notes all these links and we've referenced a lot of really good stuff. So I really want to build all that out and put it with this show if that's cool with you.
01:26:12.71
AdamSliverTrade
To his.
01:26:17.67
Coach Dipka
Oh yeah, absolutely, there's a lot of good charts on here. A lot of people ask about the morning flush. Um, so yeah, there's just great information.
01:26:21.20
blayne
Okay.
01:26:26.31
AdamSliverTrade
It is an incredible resource hundred percent agree.
01:26:29.13
blayne
Awesome! Awesome I Can't wait to look at that. All right guys? Well um, you know you are this episode is coming out right at the end of season 2 and. Thanks to pennies going in Raw We get to have a season 3 and you guys are really on the top of my list for people that I want to come back for season 3 So I Hope you will cool all right I know isn't that it just.
01:26:56.54
AdamSliverTrade
Let's do it I'm very down.
01:26:57.23
Coach Dipka
Um, thank you so much. And yeah, that's on and he's going to roll. That's insane.
01:27:00.19
Ellis Dillinger
Hearty time woo.
01:27:06.41
blayne
Ah, so like feels like the universe just smiled on me there I Really I Really love Dan and Hugh and.
01:27:08.30
Coach Dipka
Um, yes, are.
01:27:10.70
Ellis Dillinger
Hugh really needs to unblock me on Twitter I mean come on he really I'm gonna you could leave us in their editor. He really needs unblock me same with pj and gary. They all have me blocked on Twitter and still to this day I don't know why? yeah, don't know what.
01:27:23.10
blayne
Oh man, Well well well I have ah I have a lot of respect for both those guys and I I feel very lucky that.
01:27:26.33
Ellis Dillinger
I trade options I don't even talk about Petty stocks ah drives me nuts to so shameless plug.
01:27:36.28
Ellis Dillinger
Absolutely.
01:27:42.69
blayne
They are helping me do a season 3 So all right guys? Well um, fingers crossed for that Santa rally and I guess I'll see you guys in the morning.
01:27:53.11
Coach Dipka
Absolutely good luck this week let me know how it goes and we'll definitely stay in touch again. Thanks for having me on.
01:27:58.40
blayne
Yeah, of course, thank you both all right? all right? Don't hang up hold on.
01:27:59.68
AdamSliverTrade
Have a great week. Y'all. Thank you so much.