Penny Lane Podcast
Penny Lane Podcast
How to Make a Million Dollars with ESQ Trading featuring Real Simple Ariel
@realsimpleariel joins us to interview @esqtrading, who has hit the million dollar mark since her episode in season 1!
- Hitting 2.5 million trading with her husband
- Her morning routine
- Big losses and how to cope
- How to play a 1000% move ($CEI)
- Where to add and cut a trade
- Men v. Women traders
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Hello and welcome to this episode of the Penny Lane podcast with esque trading. Now on this episode Justin couldn't make it so my friend real simple Ariel stepped in to help. He was such an amazing co host and I'm so thankful that he was here because it really became like a masterclass in trading and I learned so much from listening to ask an Ariel talk to each other. I love ask as he knows she was on Season One of the Penny Lane podcast and she's so transparent with her trading and with some of the struggles she goes through and how she built consistency. And since season one she's made a million dollars in profits so massive congratulations. And there's so much we can learn from her and there's so much I did learn from her during this episode so I'm so excited for you guys to hear it stay tuned Hi guys, welcome to the Penny Lane podcast. We have such a special episode today so trading is back and we have a very special co host real simple Ariel Ariel Do you want to say hi?
Unknown:Hey ESQ how are ya? Hi I'm good How are you guys? We're good and so happy to have you back on
Ariel:yeah and I'm excited to be here as a co host myself so this was spur of the moment but the second I found out it was as trading I knew I had some questions for her myself so I was jumping I was jumping at the bit
Unknown:well before we started this episode we were just saying that I think ask has the second most downloaded episode of Penny Lane podcast season one and since season one you have hit a very big professional milestone Do you want to tell us what it is?
ESQ:I yeah, I hit the million dollar mark in my account and I graduate later million dollars and realize gains.
Unknown:That's so amazing. And I love the tweet you sent out about your power couple status with you and your husband. Could you tell us a little bit about that? Yeah, we both had a big goal we both hit 2.5 million together. And that was pretty crazy considering where we were you know, just even a year ago and then especially since we've been married so it's been quite a ride with him you know? Is he just so effing proud of you? Like he must be Yeah no, I think he is I think we're both like proud of each other because um you know we both did we both went the traditional route in terms of like going to school and grinding it out. He's an engineer and so you know he did that for undergrad and then for grad school. And so considering like we both grinded out you know him engineering and then me law school and then we got to our professional careers to go from like thinking that we were you know, really setting ourselves up then and then experiencing what we've experienced in the past year and a half together or almost two years now. It's been like crazy. Now remind me he trades large caps Is that correct? No. So I mean, he that's how he started out. So when he when you first was introduced to trading, this was like back in like 2014 15 ish. Around that time could have been 2013 I'm not sure. But when he first started he started with like, mid and large cap, you know, just to like long term invest. And at that time, it wasn't anything like to the level of what we're doing now. I don't know what his yearly returns were but they couldn't have been more than like maybe 10 15,000 ish, maybe if he was if that was a good particularly good year. But 2020 is when it really like picked up for him and then for me and the like later half of 2020 But both of us in the later half in June when I started was like it definitely skyrocketed then. But prior to that, you know, when I was doing my ups and downs he was kind of consistent in that point already. I'm really so jealous. I think like all the people I trade with her online, and my husband comes home at the end of the day. And I try so hard not to be in a bad mood. If I've had a bad day and most of the time I'm successful, but like yesterday I was in a terrible mood and I can't even Like he has no he doesn't care. It does. It's just like bogs down the relationship. So I think it'd be so nice to be able to use almost like a shorthand of like, Yeah, I did this I wish I had, you know, have that kind of language. Do you guys talk about trading much after the trading day is over? I'm so I'll tell you a little story to make you feel a little bit better about the trade with somebody else sitting next to me every single day. So yeah, when we when I first started, like, full time, he had like, just recently moved to a desk. So it wasn't prior to that it was just on his phone. And I mean, I'm sure you you notice the difference now of what a what a difference that makes. But when he when that happened that summer, so like, June, July, like it was it was, it was a great summer, I'm not gonna lie, we had like so much fun. We were talking about stocks every day, like we were talking about this and what happened here and whatever and this and that. But then after a while, it's kind of like the honeymoon period of trading. That kind of goes away. And sometimes you just don't want to talk about it. And I'm, I'm more of the I want to talk about my feelings and how I felt about trading all every single day. And he's more on this side of like, Okay, I'm done with the day and I'm moving on with my life today. I think you know, that kind of happens sometimes also, like he's consistently more green than I am. I take more risk. Yeah. Because I see how consistently green you are. I mean, that's for tracking and like, if I go ahead, I think that's incredible that he stays, you know, even more consistent than you do. That's unbelievable. Yeah. The latest market that we've been in for the last six or eight weeks. Yeah. Just funny. He had a red day today. I know. I know. I know. Right? No, but like September he was green the whole month. I'm looking at that trading chart. September he was green the whole month, August he had two red days totaling like$450. July, one red day, 50 bucks. Well, so are you married to singles and doubles and we just had sounds like his track record and edited it out. Yeah, so he, like he's consistently more green than I am. I will take on riskier trades than he will take on when I take on riskier trades, or when I'm really trading with the vibes. As I like to say, I'll say that to him. I My days are significantly bigger than his, like, my biggest day is like, much bigger than his, you know, last week when I was trading ci, I had like a huge day compared to him. So there's like a little bit of like, you know, his consistency every day helps, then sometimes I'll pick it up in other ways that he doesn't like he doesn't treat large cap anymore. But I still do or I started right so yeah, so that that's one side of it. But then you know, there's days where like, it's kind of kind of almost like, like a if then statement of sorts. So like if I have a Green Day and he has a Green Day, it's a good day. If I have a Green Day and or if I have a red day and he has a Green Day. It's a good day. If I have a green he has a red day. It's not the greatest day. What a dynamic Yeah, should we take a little a Penny Lane pause break and talk about what happened to CEI today because I was let's talk about scary were either of you in that first talk down? No, but I was close to being in that first meltdown. I actually played it for the hold of $1 but I got terrible Phil's I still played it and I played it well. But I tried to get in as many as I could as close to $1 because once it breaks the dollar, then we're moving in the fractions of a penny so I knew that you know if this thing does go into the 99 cents, we're not going to be dropping as viciously anymore, you know, as we would have, you know, from 161 7181 90, but it had a lot of the GMA feel to it. You know, it was just you're just waiting for the big crack. You know, on guys who had been stuffing short and, oddly enough, it happens on you know, the day when there's option There's an options chain and there's a lot of mumbo jumbo going on with what was it? Who was the short firm that came out? starts there it is. So is that like Hindenburg they just ever said Tron I don't know that Tron shorts much anymore after getting blown up a zillion times but yeah i mean they're just another short firm but it's crazy right somebody just gets to say hey we're short this you know to the open public and it creates like this fear and and gosh the payday to the downside for the for them must have been amazing yeah I mean it looks like it so So were you trading it this morning? Yeah so I was trading like the channel that I was in from like you know 645 to I don't know some like maybe 730 ish and you know I bought the dip on I bought I bought like the lower part of the channel and then it broke the channel so I was out already at that time I took a loss on it and then I just I just cut the cut the trade so I didn't but I didn't mess with the down health like I did because last week I was all over the DOD held down halts and I think like some people got a little overly excited with the down hopes too because they thought it was gonna be kind of similar to last week but there were so many notable differences like last week the day that it happened there was so much volume like there was so much hype that day around it it was kind of almost like you were getting to buy your shares back cheaper there was also like a fake offering you know, so the vibes were there for you to like you know, the chances of it felt like it was going to not you know keep falling down forever and you were going to be able to make money this time the first town hall if you bought the next town hall you were significantly down especially if you did it with size so I just didn't trade it today because I because I could tell like it was already the morale was already low on it. You know, just it is what it is you know last week I did that challenge where I didn't trade like I didn't look at discord or Twitter and I hate ci and like as you're talking through that I was like to black out like I've no idea what you're talking about. I just didn't it never came across my screen last week I was like oh ci not for me. So right no idea I had no idea that app and I was like destroyed whatever day I traded it I was mentally exhausted. It was a really good day for me but I was like mentally exhausted I wish I wish so this is one of those things where like for me I just stay away from anything I don't fully understand. So I've experienced down halt when the momentum is on like the like the green side like everyone's still believes in the stock. I've experienced that so I've so that's why I traded it. But I've never I mean I wouldn't say never it's happened but since I've been following down halt more closely I haven't seen something like this and so I personally just stayed away from it because I didn't really know what it was gonna do um so yeah, and I'll say this too. I was I was watching the townhall and it halted actually going up one of the halts down like near it like $1.20 or something like that and then when it reopened it opened lower on an upward haul So once that happened you know the next safe is about as maybe a buck you dabble Yeah, but otherwise it's it you're absolutely right it didn't have that same kind of a this is gonna bounce steel Yeah, no, I've walked away from my desk like probably like around not like 850 because I've also been doing that recently more I'm one I've always traded for the most part up until this past August where I sit at my desk until from open until close and then in August I started doing this thing where I started taking like a little nap in the middle of the day from like, you know, 830 to like 1030 and I started noticing like even in the past, even in the past couple of weeks that really if I trade well in the morning there's not really that much for me to trade and feel like I'm going to you know make a significant gain on the day later in the day. So when he was like eight he walked away I don't mean to interrupt you. Tell us what time zone you're in because I'm like oh you miss market open. Like how are you I'm assuming, right? Yeah, I'm West Coast and West Coast. Okay, I sorry. No problem. I just he's just up in New York pre market time.
My market open is 6:30am. Okay, okay. Yeah, yeah. So my machine is quiet midday, you're napping eating lunch, you know? And then maybe looking at what's setting up for power hour? Is that kind of Yeah, yeah. So I'll come back at like, 1030. And then usually from my bed still, I'll, you know, go through, like, whatever has been going on for the day, like, you know, basically checking discord, Twitter, like seeing what, what happened, what did I miss. And then once I get to my desk, like, I'll be able to see, like, you know, if my husband's already here, he'll tell me, you know, he'll be like, Oh, this happened, this happened. He wasn't paying attention to the CIA stuff. So when I, when I like, woke up from my nap, I saw that it had, like, seven other halts after that, or something crazy. Like, there was so many more, and I was, I'm glad I wasn't here, I wasn't tempted by any of them for the best. But, you know, I will say this, and I want to, I know, a lot of people probably lost a lot of money today, so I feel really terrible for them. But, you know, I had gotten this question about, like, how do you form consistency? or How are you consistent, and I had talked about it here last time. But you know, my first like, loss, which was like, $600, you know, that was my first loss. But my first big loss was $600. Back in, you know, 2020 I just knew I didn't want to lose money like that, that kind of, you know, made me feel like, I'm not gonna do that again. And I think today might be that moment for a lot of people where they, you know, realize, like, okay, like, I have to take profit. That's the only upside in this whole situation. And, you know, hopefully they learn that lesson. But that is the lesson, right? That's, I think the overall lesson for everything is you have to take profits, this thing run 1,000% you know, if you asked me last week, I was following hard. I was like, Oh, my God, I could have like, 4x or 5x my account on this thing. But, you know, now it's like, you know, this is what this is what it is, it is what it is you have to take profits. It's the reality of anything that goes up 1,000% you know, I mean, even before, even in the middle of the flush, that thing was still up. 400% you know, yeah, the $2. So, anybody who didn't make money on it, they were just late to the party. And if you were playing the front side, and I've spoken with Blayne about this plenty, you know, we've we've looked at tons of setups together, and she knows you just don't play the back. Like if something's meant to go and I've said this 1000 times, it'll set up for you to go. And if you're looking at smhs emas, the turtle starts to build higher lows, it stopped doing that a few days ago, two days ago. So if you're using EMAS or smhs they're all curling down you know, you shouldn't be hanging out in something that's already gone up 1,000% and now every the you said it the volume wasn't the same it wasn't reacting the same you know, all the signs were there and if you've read he should play the front, not the back. That's not very thoughtful if you're red and you need a motion to get in you could have gotten in one month ago yeah. Sound Advice give chased a lot of things info mode, a lot of things Listen, don't listen to them if you guys are really lost it on CEI, just DM me I'll talk you through it I've been not and people have DM me to about it and I've talked them through it because you know, I feel I feel terrible when anyone loses money this is part of the reason why people will ask me like Oh, why don't you like put out a call or whatever. Which I don't even know why anyone cares but that's literally my reasoning. I personally am so empathetic I'd probably cry I think if someone you know lost money because of me like I would feel terrible so do you think that that's a girl thing? Because that is my biggest nightmare like I rarely will talk about a trade that I'm in unless it is like I am sure but I but I'm like I don't think that's a good question. Tina that's fine You're you'll you'll shoot me a message on discord of a of a name you might be looking at their their nice setups. Well, that's really nice. But you I don't care like I can say whatever you're just like no that's stupid you're not taking you're not buying it but if you know I don't want to say anybody I want to say I don't even think it would matter like I don't like my my risk tolerance is so tight that if I were to there's like multiple reasons like one if I put something out and like it it pulled back like even the next candle maybe I would just my risk tolerance sometimes is so tight that it would be like my cutting point so then I would just feel like I'm you know my shares are just being sold to other people that's part of it. Part of it is like I don't even think anyone actually cares what I'm like you know what i'm doing every single day like why does it Why does that matter I think I'm better at like explaining this I call like the mental aspect of it of trading and then yeah maybe maybe it's a maybe it's just the girl part of like just feeling terrible I guess yeah yeah there's so many people also that do it so well so I just feel like that that space is are already exists and the people in it are doing a good job of it. I think so ask you just touch on my favorite sound bite from season one and I don't want to put all of this on you because we've done a whole season I guess we've done a whole season number two but what you just said changed my trading more than anything I've learned from any other guests in on season one you said I take a trade almost where I would cut it in a minute changed my my full trading strategy and I now think about that so much and I'm so like snobby about where I will take a trade that is because of you like it absolutely changed the way I trade and you know I if I take a trade it's like right exactly where I want my entry to be and this stuff is right below it so there's like I'm risking almost nothing and I didn't know that until you set it and I really appreciate it oh thank you um that that was really important for me especially in the beginning I you know not to discourage you from continuing to do that. I've made some adjustments on that just because I've had to just and I think those are more reflective of me becoming a better trader so because I've become a better trader I've allowed myself to take on a little bit more risk in that way so like it's nothing crazy it's not like I'm you know having leaving the risks for like a dollars or like 50 cents or something but you know, it's a little bit more than it used to be but yeah, I think that's more of a function of me just improving and knowing more and having more screentime again in the beginning I was so cutthroat with that where if and that and I credit that to being the reason I count my account got built because I would just cut anything that would even even the slightest hesitation over whether it would move to the upside I would just cut it because I just didn't know enough to begin I was new to trading well I'm in that I told Ariel the other day I'm in that hard part of trading room over PDT but I'm not so over PDT that I feel like I can risk very much and there's a struggle to stay over PDT right so I'm in the perfect area for that rule because I can trade as much as I want I just cannot lose as much as I want I said that wrong like I don't know no you I get what you're saying you just you're not allowing like ask was saying now she'll allow the stock to breathe a little bit more because she might realize hey my entry wasn't perfect but technically you know this charts not dead it might still be respecting certain levels you know it might still be above v whap which might be key for you or whatever indicator you might have you know and so she might allow it a little bit more breathing room where when you're just above that PDT where you're at right now you're like, Okay, shoot, I really don't even want to see it go down to V whap. Where asked might now say hey, you know my cut is below v whap. You know, and part of it. Sometimes, you know, I'll tell people to if you're even more patient for your entry, you end up being more rewarded on the upside. You know, sometimes we're so anxious about getting into something that we feel is good that it might still have that little extra pullback or that little breakdown you know so you probably noticed this because that hearing what you say do you not necessarily buy off of a trend line but you try to find stocks that are channeling right like just in a certain channel yeah I try to find stuff that's either in the channel I love playing upper trend line breaks I know that's not everyone's jam they're a little riskier especially with you know the knife fi market that we got ourselves into since April but you know when the markets there and I don't see a ton of knives on a chart I don't mind playing like the upper trendline breaks because I know those are good setups for me I've you size and then I'm usually out within like you know a couple of candles and that's the trade and I'll just do rinse and repeat that couple of times if the trend is there for it I love it love it like flat top breakouts sometimes as well sometimes like heartbreak yeah just just simple chart patterns to recognize with some higher lows being put in yeah I'm assuming you're sitting there soaking up all the dips with all the massive size you're playing with no no no I'm not I don't I'm not the best dip. buyer I think I buy the breakout. Yeah no, I buy I buy the breakout. So like I play the I buy the dips also. So like today for example in CEI like obviously it's a great example of how I don't think I'm the best you know, defier because I bought the lower part the lower trendline on the channel, and then it broke the channel you know, so that's why I kind of don't like doing that as much, especially if the chart has like a consistent pattern to the upside. Then I feel a little bit like if it's just like I don't want to call it what do you what would you call them like little humps? Like little like to the upside here saying Yeah, what are the what's the technical word for that? I don't even know. You mean like a lower low being put in? Yeah, yeah, sorry. I'm sorry. A lower high a lower high being put in? Yeah, yeah. So if the notes are higher, low, higher lows, higher lows higher. Okay. Yep. Yeah, so um, you're seeing them like be put in and then I feel like I'm butchering this because I feel like I'm not using the right word but I hope everyone can understand if the chart is moving gradually to the upside. I don't mind playing the down the upside breaks like off the down trend lines that are coming down. So if there's like peaks and then it reaches a resistance I draw a lower trend line I draw a trend line down and then I'll play the break of that trend line. Oh my god wedges the way like this triangle. A simple downtrend break almost is what you're saying just something that's putting in lower lows but finally breaks that downtrend and then might put in a higher high for you Yeah, and then sometimes if it's like gotten away from me where it's there's been such a significant move on to the upside and then I'll just wait for it to like hit a resistance pulled back a lot. Make that draw that same line and then play the break of that line interesting. So ask one of the questions we got is under your small cap rules you say never buy resistance breaks so you're buying trend line breaks not resist Yeah, this was this was such a controversial question. I think I mean, controversial one, because so many people have messaged me about this specific sentence. It's because of where I put it. So when I made this sheet, I should have separated small capitals and general rules. I think I kind of mix the two of them in the small capitals because people thought like, okay, does this apply to large caps? No, it doesn't because for large cap, I buy resistance breaks all the time. I meant like for high of day, so in small cap, what I've noticed is when the ticker is reaching high of day, whatever that is, that's usually where everyone else is selling so I don't buy that strength. I buy the the trend lines, the chart patterns, like you said, cool. I love it you. You almost took words out of my mouth that I told Blayne earlier today. You know if we're playing a dip or we're playing a consolidation, I said so we sell some through highs and then we just trail the rest on a moving average because we don't necessarily know how high something may go but you know, some charts just keep going on and on and on. But as you said, once they break through that pre market high intraday high, that is always one of my targets to take some off the table, because a lot of times it's come up short, a penny or two or three of that high. And I've watched big p&l come right back just because you're waiting for that higher day break so you know if you buy the highest day break blend sometimes you're buying like the fifth and the sixth green candle that's a cue to leave. Sure. Yeah Now buying a high of day break is dumb but like last november december high Daybreak was like was money because everything was gone Yeah, I love to have Daybreak Yeah, no, I haven't played those for a while they just it was especially like if it's a day where even one ticker will do this I feel like small cap follows itself. So if one ticker has like a high of day break and a huge knife, like the pie of day break candle will knife big time. I feel like every other ticker starts doing it too. And so I just been staying away from those until I kind of stopped seeing the knives or who knows maybe the knives are here to stay forever maybe they were always there and so medium before not they weren't in 2020 they weren't okay cuz I Yeah, I definitely last time I was on this podcast was in that was in May, right? Mm. May last year so I remember like that April and May period with like, my dead period. Like I was just kind of doing you know, every knife I kept getting caught in. Sure. You know, I hang out in MTA all day and they just call it the 2021 now we have an emoji for it. Like it's just part of the market. Get it? Yeah. Gonna get knives. By the way, I don't know if you were the same way as when you first started, but I know when I first started expecially last year we used to have 102 100% Gappers or 300% Gappers and, and and I would get to the screens, you know, at 745 or eight o'clock in the morning, and I would be like, holy, you know, holy heck this thing's up you know 200% and so when I was then a very young trader I used to try to get to the screens at 530 in the morning I'm central so I don't know if you were the same way because I was so gung ho about trying to catch this you know, again at the time the portfolio was small so used to see these 200% moves and used to say like man these are happening before the market even opens just imagine you can do what with your portfolio so as a young trader I used to get up really early, but now it's changed completely so I that's why I'm almost a little curious to hear about your morning routine because if you asked me a year ago, it used to be go to sleep early. Get up super early, so that you can potentially catch up to 100% pre market gapper. Yeah mine was more like go to sleep late and still wake up early and regret my life for the whole day and then take a nap after hours no yeah no I did the same I did I did something similar at some point last year we probably are talking about the same time period it was like I could have been exactly this time last year. I know one of the one of the things that I caught because I was doing not was hurts when it had like some type of you know, they got some kind of funding or blown or whatever, in the morning. And yeah, I was doing that too because I had started noticing that pre market was super hot and if you woke up in pre market you could kill it like in the in the morning. And so I woke up and for me it was 4am because I had to wake up at my desk do all that but yeah, I haven't done that in a while though. Yeah, and I feel like our market you know, kind of when you get to where you're at you're not gonna even be able to put on maybe the size and there's not the liquidity and there's really not even the price action that you know we're looking for in pre market anymore. Yeah, that and plus for me, so I don't have this is one of those things where I've been, I need to do all of this stuff. The problem is is like my computer is like, old now. I think it can't handle anything. I know I know. Don't even look don't give them that. Look. You're a millionaire. Spring for them. This sippy computer is not a millionaire record. I know my setups have right uh huh. It's a write off. You told me I had to be cheap. So I've been being cheap for a really long time. Gree Oh, man, I wish is this conversation a part of the thing? Yeah, I think we started back I think we started back. I'm getting computer I know I have a computer, okay? It's not that old like I got 1019 so it's not like the oldest computer, but the problem is is for whatever reason so I bought a third monitor thinking that I could run like I was gonna get trade ideas and so I thought I could run it like you know, so I needed more screen for that. And yeah, my computer just can't handle like they can't even like it's been flickering on TLS TLS crashed on me like during the the those down halts last week. So yeah, I need to I need to level up Computer Space. But you remember on our first episode that we did together with squeezy, and I think it was the three of us when I was like, Oh, I trade on my phone. And he was like to be like, let me have it. I am going to give that back to you and say I don't want to TLS crash on you during the day. I know I know, my new computer that I just got you see how pretty it is. It is still pretty that's part of the problem. I think. Like, in general I feel like I'm you know, with trading, I'm decisive. But in other aspects. Sometimes I'm not that decisive. And I feel like everyone has these cool looking computers. And I just don't even know have the slightest idea of where to start. Someone has been helping me on discord though. Like with finding the right one. But yeah, no, I need to do that. Okay, that's what I need to do. Let me tell another story that I think might be a girl thing. So AC who taught me how to trade. Thank you for that AC Come on the podcast. Tell me how to trade and I was like, I'm going to get a computer. And he didn't really know exactly what to tell me to get. But he was like, just go to Best spy and have someone help you. So I walked into the best spy and I'm looking around and I'm so lost. But I didn't want to ask for help. Because I didn't I just didn't want to tell them what I needed the computer for. And then finally this nice man came up and he was like, Do you need help? And I was like, well, I need a computer system. And it's for day trading. And if you don't know what day trading is, then you could just think like gaming and he goes day trading. Do you also want to mine crypto? And I was like, No, run with it. Whatever, is fine. That's not me what I needed and that that I needed someone to just he like put it all in the cart for me and they just wheeled it out to the car. And I'm gonna go check your credit card. And yeah, I'm sure I paid like twice as much by getting it at Best Buy but I was last year's looks awfully similar to my ask. I think it's time for a desktop. Yeah. The probably i mean i'm also so used to having an iMac and then everyone has like PCs now. So I'm like, do I want to switch back and forth that I do all the time. But do you just run like a boot camp on your iMac? I don't even know what you just said. There are people that you can actually make your iMac run like a PC. Oh, no, no, no, I don't do that. So I just have like, it's just running as an iMac. So you know, just it mainly is just TLS and like, you know, that's it that's running. So basically I've just I just need like more power, I guess more memory. But the reason why this conversation even got brought up was because I don't have like the one of the news alert thingies you know, like the scans or benzinga or whatever. So because of that I feel like if I wake up in pre market, the first couple of candles are the ones that are like so huge. And you only get those if you have like one of the new services. Yeah, by the way, I use benzinga Pro, fantastic, their advanced newsfeed is great. And then I also use trade ideas. And then you know those scanners I did get from another trader but it's great, very exciting thing for all the listeners, if you would like either been Zynga or trade ideas, you can check the show notes because we have affiliate relationships with them so you can help the podcast you can up your trading. Just check the show notes. Thank you for that. Both hired. No, they're both they're perfectly Yeah, they were they're both worth having I use them both and you know, they are incredibly helpful. I probably use every newsfeed that there is. And I'm a day trader and I you know, I'm using fintel and people are like what do you need for Intel for and I said well, sometimes I want to know about insider buys, sometimes want to know about the short flow, you know, and and again, it's all yeah, it's like a cost here. every single month but it's all relative next to what you're doing anyway so just yeah, I need to do all of that stuff I just, I just I just don't do it sometimes it's also like I feel like I have a system down and introducing something new to that system. I'm so slow with doing that where I don't I don't introduce new things until like the either the thing that I'm doing is feeling like I need to add something to it or I'm so consistent to where I start adding to it right now I'm like starting to or I've been I've been trading large cap for a while, but I've been trying to be a little bit more aggressive with it. And so even that I'm like just taking things slow so that's part of the reason why don't I think when you're super new it's super easy to be like let me get benzinga Pro and let me get scanned and let me get trade ideas and let me buy like the best computer and let me buy like all these indicators and let me like sign up for this service and that service and then next thing you know, you're like, it's information overload and you just are paralyzed by it all. Totally Another reason is that other than my computer, but you know, I totally get that. I've heard that what do they say is that they say paralysis by analysis. Analysis analysis. Yeah. Yeah, that's exactly what it is information over Alright guys, do you want to help a listener out I just got a DM here in my Twitter. Sure. And I'm not gonna give all this information out but someone just dm to me and said that they are brand new trader and just had a huge win in their Robin Hood account. So now they have a little seed money. What should they do next? They're brand new. Well can I say guys? No, no, well I don't want to give advice right right right. That's it this is just general What advice would you give to a brand new trader what would advice would I give to running here Well, how did how do they make the money is the more important question yeah, I haven't gotten into that with them and I also am afraid to give any advice so I might not ask if they made the money like having a plan then you know take a little break find the next plan that you have maybe don't risk it all you know kind of a thing but if they made the money yellowing I would chill on it for a bit you know, that's great honestly if they did make the money yellowing use that money and go find great traders that may have a paid room and go learn from them you know I mean I know that sounds crazy or go pay for some form of education you know there are a lot of great traders out there I don't want necessarily want a name drop on guys who have paid rooms but there are people out there who can teach you a lot you know if you just got lucky and yellowed a bunch of money and you still don't know a whole lot about market structure and how things move and why things move you know don't don't think you're going to continue to get lucky in the market because it's really not how it works but so that's a great point if somebody had a structured plan and they stuck to it and then they got paid well then they should look to just duplicate exactly what they just did. Yeah, I'm also since it's my podcasts gonna plug my discord room and you guys yay and learn all kinds of stuff for free all the time. And we have amazing traders who will hold your hand and help you and that would be basically find someone you can trust and learn how to trade Yeah. Yeah, it's hard for I think newer traders to do that to find people that they can trust I think when you use discord, any of them like blanket statement, you have to be really good at filtering out noise from like, what actually matters. And it's it's really difficult to do that, especially if you're new because when you're new you're kind of just soaking it all up. So I would just caution anyone also who does too, who joins discord groups with this idea that it's going to be there you know, that's gonna that's going to be what makes them It definitely can it did for me 1,000% of you guys all you both know exactly which discords I'm talking about. I've talked about them extensively, like, on my Twitter feed. I've named tons of people that I've used as resources to learn from and they've all totally helped me. But you have to be able to filter out you know, and only take the information that applies to you specifically, your situation. In your personality and then go from there. I just interviewed stocker Ryan. By the time this episode comes out his episode will have come out and making sales in his episodes already out. And there was such a strong correlation between both of them saying that they just were like the squeaky wheel like they just kept asking questions and kept studying and they both got mentors through doing that. And I have always been so afraid to ask a question because I didn't want to ask a question and then that person asked me a question and maybe like I don't know what v whap is or what you know whatever like for that person to think that I'm a fraud so I have come so far by myself and I was so impressed by these two guys being like no I just stayed at it and kept asking it was not the route I took but mad respect for it and you have to do that if you're in a free room. Yeah, I want to like touch on a couple word key like keywords you use just because maybe this is because we're girls cuz you know I hate to I hate to be the one to say that but you said I'm like if you didn't know what v whap was, they would think that you're a fraud. So it's it's so interesting that you use that statement because even in recording this podcast earlier, when I couldn't describe what I was talking about, in terms of an uptrend, I was thinking, oh my god, are people gonna think I'm a fraud. Like it's just one of those things that but it's just one of those things that I think like sometimes it's a little bit of like that imposter syndrome because even now like with any one objective, we looked at what I've done, they'd be like oh my God, that's amazing. But I'm sitting here thinking like basic though, like you know, the imposter syndrome does play a little bit of a role in that for sure. So that's great that you even feel that because sometimes I like it when people doubt what I've done or even for yourself that's got to be such a great feeling you know, because at the end of the day you know what you know and and nobody's ever going to take that away from you and yeah, you know, sharing your journey the way you do every single day. I mean, you can hang your hat on that and feel really good every single day when you go to sleep so one of the biggest compliments I ever got was when guru LEAKES was like Well Is he really real you know like it and I loved it I loved it I mean it was like the you know hey look if you want to come sit right next to me while I'm doing what I'm doing I invite you over I live in Chicago please come by oh my god he can't give you can't be mad about that. That's like what if somebody makes a fake Instagram account or Twitter account of mine I'll be humbled Yeah, I think it just goes from what I think for me goes it comes from a place of like maybe when I was like I don't want to like go into like a therapy session here but maybe when I was younger I didn't I had like you know it wasn't that confident like when I was younger and so you know, even in law school I struggled with the same exact thing I'm talking about I was like on paper like a great student I was I was killing it in law schools on Law Review. Like I did really good I got a great job even after and then when I was actually practicing I was like, do I even know what I'm doing? You know, and it was just one of those things that I think kind of just sometimes happens I don't know why I'm getting better at it like you know, getting rid of that feeling of feeling like am I really supposed to be where I'm at you know, did I some someone will comment and say like oh you know you just got lucky and no, no no. Well I mean for some fairness maybe a little you know there is like that time that I came to the market was a good time to I guess be here but yeah, you're right objective really. There's also tons of people that came at the same time and you know, has cracked down already Yeah, so just I don't want you to feel like that's only you Blaine. Well I so I so relate to that and I appreciate you saying it every single day and then if I do have a good trade, and I found the trade all by myself it was all my idea and it's great. I'm like well I just it was I was lucky that I was looking at that. I mean I'll make like all kinds of excuses. No, it's it's all skill. That's what it is. I've got a question for you before you come to the desk, so are you only trading names that are high on the day relative volume and then are just setting up to you know, whatever it is criteria that you like or He's scanning the market end of the day for you know maybe some charts that you had no idea were there things that you had no idea of setting up things that might have a you know a bigger timeframe look to it like what is your go to sort of sense in terms of finding the names that you end up trading um so it's half and half of what you talked about for small cap it's exclusively the first part so I don't I don't look at like larger track timeframes after market closed I'm not scanning for like potential breakouts typically by the time I wake up something has set itself up to be the the the trade for the day or that the trade that's going to present opportunities for the day either because it had news it gapped it has good relative volume or it has like you know something going on or it could have been like today with any and vtvt and Bitcoin and that that whole thing so something will have set itself up and even if it's something that's going to fail even there's always bounces off the fails so that for small cap is pretty much I'm just you know going off what's going on in the morning sometimes if like there's a ticker this specific like one day like see I was obviously on watch this whole time for the past like a couple of weeks. If there's something that's like halted up a bunch of times, one day, which we haven't had in a while, but like if it's something that ran like in went crazy, I'll have it obviously on watch for the next day and I'm looking to see like okay, on the chart, what would could potentially happen tomorrow kind of thing. But other than that, no, for large cap, I'll do a little bit more where I'm looking at like, patterns on like a daily timeframe, like flags or, you know, pennants or, you know, whatever. So yeah, are you playing large caps for longer timeframe moves or just are using a larger time frame to then give you that build a conviction for a smaller time frame, play the second part so use the larger time to build a smaller time frame conviction. So yeah, I'm mostly trade on a one minute chart. I have a five minute up for like confirmation for entries and then also like to guide me a little bit if I'm a little bit hesitant about my exits. And it looks good on the five minute I'll tend to look let this is this goes back to what we were talking about earlier. I'll let it breathe a little bit more if it looks good on the five minute, but I mostly like trading on a one minute chart. Got it? Hmm. so brave. Really getting away from that one minute. One minute. Let's do it. It's hard burn. It's hard burn. I love it. I use it and traded it on it forever. But myself too. I you can use level two, in my opinion, which I love or you can use the one minute I mean they are essentially the same thing. Yeah, I mean, uh, maybe this just speaks to like my because I mean I've only been trading for full time for a year and a half some change, right? Or maybe a year and a half. So I don't really know what a full real normal market cycle is going to look like or does look like. So it's possible that like, maybe in the future I start trading off these like bigger timeframes because maybe my maturity as a trader gets grows and stuff but for now that's what I'm doing. Absolutely. Well, your maturity as a trader has grown so much just since May I'm so impressed with you just continually impressed with you and your consistency and I mean honestly, self confidence you have to have so much self confidence to do what we do. And I always find that interesting when people say that they see the setups but they just hesitate to take the trade. That's not something I struggle with. And I know that that's not something neither of us struggle with and that seems to come from just knowing yourself and being confident in your decision making. So ask I just wanted to compliment you on on how far you've come in total but also this is a nice bookmark since last time I spoke to you. Oh thank you so much. I mean so much coming from you. Well we are almost wrapping up Is there anything that I or we did not ask you or Aereo Do you have any last questions? I've got one final one and and it is regarding are you and your husband trading in the same exact room. You guys both have yourself to each other. Wow. We have like this for a really long IKEA desk so I have like I got these desks from IKEA and there's like three of them put together to make like this one giant desk across the wall and yeah we sit next to each other every single day on something or if he's ever if you think he's wrong on something Do you ever hedge the other side protect the family's money protect the family's money so I don't really short small cap because I don't have a trade on TLS and they don't let you do that. So no, we haven't ever shorted like a play he's long on we have a rule so if we're in a trade and it's the same trade we're not allowed to talk to each other about it because more often than not Yeah, I don't want that i'm i'm i other people like online don't influence me like I I sent the vibes and I'm like okay, like you know this is where the sentiment is this and that but like my husband's opinion I tend to care about so I mean naturally right? So when there's been times where I've been in trades and he's been like oh that's like such a crappy setup and then you know, it makes it shakes my confidence a little bit so we have a rule and that rule has been that's existed for like a really long time in the end and the opposite is true too. So like just the other day I kind of he had some buy orders in right and I was like just cancel them you're not going to get them like just end the day you know, let's go you know, it was like you know, five minutes before close and then he was like he cancelled them. And then you know, sure enough he would have he would have gotten his bills. So yeah, we just have a rule that we don't talk to each other about the trades when we're in the trades because that way you just don't influence each other Okay, we're in the same room Yeah, that's there Yeah, I had some interest on that topic because my girlfriend's also a trader oh well you guys learning together and she's in the same room No, no, no, we don't live together but maybe in the future here we will be and I I just wanted to know how you handled the situation because she's very good herself and she's finding awesome setups all the time and I just wanted to know if there was a healthy competition between you guys or if you're short on what is going on now the competition is on my end solely Okay, so he does he's never competing with me ever um, but I'm like I'm competitive in that way sometimes. And so the tracker that I have is more so for us to compete like there's days I'm better than him months I'm better than him last year, much better year than I did. So that is what has him like ahead of me this year we're really close like we're not that far apart. You've got the one up on him right now. No no no not yet. Not yet i'm i'm a little behind I set myself back in April in May while he was grinding away I was just getting nice left and right. So you know I set myself a little bit back back then. But yeah, like February I had better days month you know, there's been other months to today. So it just varies. That's awesome. But he doesn't care I only care about that. I can't let you go unless I ask if you met your girlfriend on Twitter No I didn't we go back years and you know when I started trading I've got quite the story myself what some people will get to hear soon but yeah, a lot of my friends really were just dabbling on their phone, the whole Robin Hood thing but last year the market was in this insane correction. So when I got started in the market, I got I started with a decent amount of$14,000 but the market was in this really nice correction. So everything you were touching you know was turning into gold and you know my my family has had you know, kind of played in the markets for a little bit. My stepfather's had a portfolio for 20 years. So I've always been under the impression you find something that you like, you buy it, you hold it for a little while, and I didn't know anything about the market. So it was like Okay, I got came across this idea on ma rk which was they were doing like this thermal imaging for opening. I was like I was thinking, I was thinking it was gonna be massive. And here I was at$1.20. And this $14,000 account. Yeah, yeah, yeah. There's a$14,000 account and I thought to myself, ma rk sounds good while I learn. Let's just see what happens and I didn't even really realize how how I had all my money at risk but I may our candidate up going more than 100% and that's actually how I got my launch into day trading was ma rk and it wasn't until yeah it wasn't until a few months you know of just because I started day trading full time in June so June July August was kind of a little bit of struggle because you still don't really know and here you are every day you know day trading but then August end or end of August September October November December the market kind of got hot and then that's when my portfolio somewhat took off and then the start of 2020 things just kind of went berserk and asked you probably know this as well as anybody like sympathy plays were working like you couldn't imagine I mean I did a half a million on DLP and and a half a million on Kodak so you know literally at not eating and I wasn't even looking at you thank you thank you but we're not even looking at the chart we don't care about chart pattern but it's Jimmy's flying by Kodak right and the liquidity was there and the you know plenty of volatility and so when was going up the other words were just following and it was the same thing t cat was moving DLP and right behind it leads was moving mosey right behind it and I mean I took advantage of it so much TD Ameritrade eventually gave me the boot but that's That's my girl kicked off a platform oh yeah they kicked me right off yeah i would love this story I ended up taking my $100,000 account to like 3.3 million and they gave me the boot wow so and so my girlfriend at this point was like you know like this is insane You're like a expander of mine You know like you've like shown me that this can be done and I said there really is no rocket science behind it you know if you just understand setups now I've made tons of my money sympathy trading so it's like going back in deep diving learning what a good setup is why things set up and move the way they do you know what like volatility contraction really looks like you know so that you can get yourself into like a trade without tons of risk you know, and again I go over these kinds of setups with Blaine all the time like looking for higher lows looking for a tightening consolidation looking for something that's up like started in an uptrend like looking for these things and then you know, trading them as well as you can because sympathy plays just weren't a thing as much these past few months because liquidities been bad so you know, even the lead runners weren't going you know 100% in the day sometimes the lead runner was doing 35% on the day and you had to be happy playing that one because there was nothing following behind it so yeah like like today even with bt bt any like even with BTC I know they all ran I did as well Mara Riot but I just feel like it was it's not the same as it used to be and I just haven't been messing with them as much but I feel what you're talking about because I too played the sympathies clearly not as well as you did you did fantastic. You know, but I I played them too. And they haven't they just haven't been there. So I've been having to learn new things and like figure out that's where really I think the chart patterns have been mostly what I've been doing because of that, yeah, if you're if we're looking at just the bigger timeframe and this just sort of goes to a mentality thing, if something takes days or hours to set up you know, and whatever the setup is that you might like I really like bullish wedges right? Whether you trade them on the one minute or the five minute or the 15 I mean look at what for instance was a textbook 15 minute wedge, well you just look at these things depending on whatever timeframe if they set up for days then you need to be prepared to have hours or days worth of patients if they just set up in a few minutes then you should only need to have a few minutes worth of patients for that trade. And you know I like that you do trade the one minute but you said it earlier to like you said it you know I'm in the trade for just a few minutes but you're looking at the one minute so that is what it's not like you want to be in this trade for hours, but you're staring at the one minute and the hourly might just be so over extended. You know Yeah, it might look a nice cute one minute setup, but on the hourly it's like this thing started 400 500 600% ago. Last ci shouldn't be touching it at four. Yeah, see, I really thought see I was going to be like I mean maybe it still is the one I really thought like okay this is it Momo is like back We're back baby like you know but you know my mentor cam was saying we were due for 1,000% runner and he was saying this like in the myths of CEI like he kept saying like guys I think the markets coming back we're in the midst of like this I think we're gonna get 1,000% right I think we're gonna get 1,000% right it's like they're all waiting for 1,000% intraday but we got 1,000% mover in three weeks and my husband kept like he can't be like because he he likes swinging a little bit more and so he was like I'm just waiting for it to dip here I'm just waiting for to dip here I'm just wait you know and then he it was the same thing he wasn't getting the dips that he wanted because it just was not giving the opportunity like it just kept going like you know yeah yeah I mean it's tough it was a not an easy trader unless you know you got in way early and then you were massive on it early you could have just hung out yeah anybody have one anybody was joking I'm just joking when I say that but it but but really though regret of my life. What a move Oh yours asked. I was in AMC at 220 with 60,000 shares. I sold my last name sheets, AMC shares and the five. I remember when it was like $8 I was just telling my husband this story last night. I remember that day playing you were trading during this time, right? Yeah, AMC got me over PDT loving, real sauce. So I remember it was at $8. Okay, in after hours gapped up that next morning to 20 Yeah, but I remember like the whole like, I didn't fully grasp the concept of like, what it means when someone like Ilan or Chima tweets something, the pie. Yeah, I totally understand that. Yeah, yeah, I didn't really get the popcorn sweet like our amcs got the best popcorn or something. Yeah, that was my that was my introduction to like, the fact that like Elan could tweet this and it could like skyrocket so I remember seeing it at eight and he was like, you know freakin going off on all in all these discords like, you know, AMC moon emojis, whatever he was doing that night and then in the morning I remember staying up to see like what it would gap up to which is like 1am for me and all I remember was like it just gapping up and like everyone that was in it became like millionaires you know, like if you had size you just became a millionaire overnight. Even if you bought it at eight because if it doubled tripled it Yeah. Like first thing in the morning you just doubled whatever you put in was doubled instantly. And I was just telling him that last night I was like that was crazy. What good time miss it. Can those come back? I don't know. You know what I think? I don't think they're gonna come back those halt Watch out. You like those hot wash outs and that GameStop Hall wash out all the way down to the 100 from from 500 might have been the greatest thing this stock market is have you know What's so funny? I think I'm negative on Jimmy for the year. No way. Yeah, I didn't play it. Because no cuz, because when I first started, sorry, Blayne. Are we going too long, but I think that these are like couple stories maybe I don't know, when I first started when I had a $30,000 count, right. And I remember my account was at 30 something that I had funded it a little bit more to get over PDT and I'm basically, I couldn't like even think about taking the trade on his ticker that was over $5. And then slowly, like after got, like, you know, in the hundreds or something, maybe like November, December, is when I started thinking, I think maybe like 200 so I was like, okay, maybe I can do like $5 to $10 stocks, if I'm like, you know, really, you know, conservative. So when Jimmy and you know, when AMC was at $8, for me, that was like, Oh my god, it's so expensive, you know, and then when Jimmy was, I don't know, like $90 I couldn't even think of trading something like that. Like it wasn't even in my in like my plan of what type of trades I took. And so um, so yes, I just never traded it. And then I did trade it like recently and I lost Money and so now you will trade large caps Is there a reason that you like your large caps now? Um, yeah, because they provide like good scalps look good easy scalps they'll all use size in terms of like account size not really sighs in terms of shares so like with Tesla if I buy 1000 shares and it moves like two three points I'm up like $3,000 and then I'm done yeah I think I was telling Blayne about this yesterday Did I tell you I was playing AMD I thought you were playing Tesla yesterday no I was playing no I was playing Facebook yesterday that's it that's yeah so I was playing Facebook yesterday and I actually had some not so pretty loser the first century but I made made all that back and then some on like the eventual bottom but yeah, these large caps do provide like awesome opportunities because even AMD like I ended up I know that sounds crazy right but they're just not super volatile in terms of like percentage moves so like you can put like I had 10,000 shares of AMD at like $99 and you know 90 cents and can I and then and then today it ends up going you know $101 plus $102 move you know so it's like if you hold those those are $20,000 wins which like in terms of money is great but like in terms of a percentage you're never like in some insane danger of blowing up your account you know so that that is for me the reason that I love large caps in there's not kill candles like there is in small caps so yeah I'm like I'm never worried that you're in something that's just going to absolutely tank on you or like anybody see the PRG chart the other day the trading nice and clean and then an offering and it's just yeah, offering from hell you're not getting that in large caps so that is another like enticing again smaller accounts. You know, you only want to have to do you really want to have to put 50 60% of your portfolio 70% into something to make money you know and then at that point if you don't have a big portfolio like the money might not literally be substantial. But when you do have a larger account asked you I know you could agree you know making that two three points when you've got 1000 2000 I mean even myself I think AMD was like a 70 cent scout 70 cent scalp on 10,000 shares that's not bad you know? Yeah, no, not at all but like I'm still too scared to do that like when you when you said 10,000 I'm just still like and I guess yeah it's just uh it's one of those things that I think you build over time right like you've obviously callus on the skin yeah but like you You built yeah exactly exactly like that like you're you built that yeah it's like loss tolerance You know, there was like one time so like I've had some insane days where like I've done you know $200,000 days and then you know, it's like the very first time I had like my six figure loss You know, that's kind of like when like that I would die. Yeah, you know, and I I felt like it I did I felt like sick. But then you know, it's like I had that six figure loss and then I came back the next day and had like an ADK day and then like a 30k day and then like a 40k day it's like so at the end of the week I finished like 80k green and I was just like, okay, like that's as bad as it was and so like but mentally you know, you were calloused. And I could look back at that trade and say, Well, what did I do wrong? Okay, I was trying to hold a stock up by myself there wasn't a lot of liquidity. I kept buying the ask you know, I was trying to move something up with just my sheer size. And I made a lot of mistakes and I also thought it was going to be a sympathy play but oversized sensitivity. So it's like a lot of these things that I ended up learning from that. But then like, you know, once you just go back to what you know, you know, you just get it back and then again, if if I see an A plus sympathy play opportunity, I 100% will put six figures at risk every time you know the right opportunity is there because as you were there when SPI went from one to 46 if you knew anything about sympathy place, son w was on your radar and you knew what it was going to do. Yeah, so it's just about the predictable move. Yeah, did I know it was gonna go 400% from like, 88 cents to all time highs, you know, same day. No, but SPI did just go 40 600% I mean, shit, the least this can do is go a 10th of that. Yeah, so it's I'm willing to take you know that big risk if the right opportunity is there because if if it pans out great you only need one of those trades, you know, if I've got 500,000 shares of sun W, and you're risking 10 cents, okay? Maybe even 20 cents it's at 88 cents Doc, it's got to drop so much in terms of percentage for you to take a crappy loss in terms of what you seeing end up seeing to the upside. If you hit one of those trades a year, you know, and your risk might have been 40 5060 $80,000 to the downside but you end up catching $1 $2 $3 to the upside on a half a million shares. You only need one of those and again that's how I ended up making tons of money on names like cuz again when when AMC or Jimmy went bananas Berzerk you know, we had already seen what son w SPI done so it's like people have already seen in their minds what sympathy plays do I mean we had it we had it earlier last year when I first started trading and names like you one started going and then the next day it was there same day it was you o n e k and car v i didn't know what the hell was going on. Little did I know that they were all intermingled in the same kind of sector in the same kind of space and same thing when gn us went crazy you know gn us went nuts and then you started to see I think it was named like NTN and SLM go behind it and so that starts to click into your mind and if you try for if it's got to be the right sympathy play can't just be anything but if you try that sympathy play and you're wrong four times in a row if you're right that fifth time it just made up for those four times and 10 times after that but again it sizing is going to be everything you know it's got to be some it's got there's got to be some kind of like emotional tolerance behind it and I hated taking that kind of loss but you know you live you learn you move on and you just look for another for other really great setups and yeah, I think if this this what you just everything that you just said also goes to the point that like it's remarkable what you were able to do but it's it's that is so dependent on like who you are as a person and like your ability to tolerate losses and like you said callus on the skin it evolves over time. I'm sure my tolerance will evolve blanes and you know yours will evolve also but I just think it's one of those things that you know, some people just trade differently No, they won't be able to do what you just said you did I don't right now hearing you say it I'm like my not jealous but I'm like oh my god I wish I could do that. I just have I but I also know if I did that. And if I lost four times on a row in a row I would be dead before I even got to the turret like I would I like yeah, I can't like now like I can't even imagine it now because my biggest loss now is this one time where I lost like 16,000 and I regret that day like even today like you know I'm still living in like the fear of losing that $16,000 ever again. Um, you know, it just goes to show you how you can trade in so many different ways and still, you know, make it in the market like the market is really available for whoever wants to, I think like you know, apply themselves and and I feel like so I feel like as the portfolio grew now it's like okay and I love the way you do it, I mean that it's sometimes that basic mentality is the very best mentality you can put yourself in, but I just try to remove my eyes away from the p&l and I just let the you know if a chart says it wants to go higher based on the things that has shown me over the last, you know, six days and it's now consolidated for a few days and is now showing strength that it might want to go higher. I don't want to get in the charts way I just want to get on for the for the for the ride and if it's going to be like a nice, you know, wave then you you know, you get on for the wave and again, like you like trading those breakouts, I mean, you set it and sometimes when something sets up so beautifully that then it goes to breakout on the hourly and on the daily setup. When it starts to then break out on the hourly the same way you would play it on the minute. You just play it on the hourly, you're looking for something similar. It just sets up longer. Then now your patience just has to change you know instead of it being a one to three minute on the one minute candlestick it might be one to three hour on the one hour candlestick have to move to the five minute first and then we'll talk hours yeah I'm surprised you don't there's so much less heartburn on the five in my opinion you know like a lot of times these kill candles that you might see on the one and then you look at this hourly chart and you're like man this thing was so clean the higher lows and then it broke out and it's just like so clean on the one hour and then you look at the one you're like, what the hell this battlefield is battleground. But yet the one hour is so clean and it's so well put together and it's so linear right? Like there's not like no real major moves up. There's no real major moves down. It's just like a it showed strength. It consolidated for a few days. It's potentially going for that second leg and it's it's clean. It's linear, but on the one minute, you know, God bless. Yes. Oh, man, it's a battlefield battlefield. Weight plane. I have a question for you. Do you are you are you a fan of the full porting? Like Yeah, no, no, no, no you don't do you do whatever? No, no. You're away from the mic as you're even answering the question. No, I don't know my only thing I've ever done well in my entire trading career as I've said before, is I just have never blown up an account like I just keep living right so to see another reason for a reason. Yeah, you just don't I'm not gonna blow up that account I'm not going to full port Ah, no, just not so I don't even really like to overnight things yeah. Oh no, I stopped overnighting A while ago like if I take a swing or if I take it overnight or it's like very rare but I was just I was just curious because I Mullins is a fan of that right? Oh Brad loves to Ford and I got I respect him for it and I love the way he trades and that's been my whole like I want to trade like Brad like I freaking love the way Brad trades but I just can't I just can't i can't full port I can't do it yeah so just goes to show you there's three of us here and everyone trades differently and still profitable so you know there's got to be enough liquidity that's why those large caps can be great you can full portfolio on a large cap I was full court and yesterday on Facebook for the record I mean I was buying you know 1000 shares of Facebook sleep at night well I wasn't overnight I wasn't I wasn't overnight I was just it was strictly scalping so like my AMD trade was a stripped down yeah it was just a scalp I mean you can kind of see once like the chart finally starts bottoming but Facebook almost did not want to find a bottom yesterday but I just kept looking at I like using EMAS so I put Facebook you know when I pulled it up and then I looked at the 200 DMA It was like 323 bucks and we were at like 326 I think it was and I was just like can I do I really have to like is this really gonna come down three more bucks like I was so anxious to get into play it for like that 234 dollar move back up. But it goes back to what I said earlier being patient for your entry, you end up making more money on the way back up because it had I started to just even piece in 500 chairs at a time up there you end up still with a kind of crappy average so I was like looking at the bigger picture and I said alright, well if it comes down three more bucks I'll really be interested in it did and then that's when I yeah, if you've got a full port that thing to make two three bucks I'm really stoked because the way I look at it is even if I have 1000 shares and then I lose$1 on it, you know i'm not i'm not gonna dread sleep over it. Honestly. I like my answer a little bit so I don't full port things but I will have port like six things a day. So okay. I mean, it's a whole thing in one move, but I was just curious because I get the sizing question a lot. It's very difficult to answer because every one size is different depending obviously, like, you know, on their risk tolerance, as you can see, Ariela has like a very bigger like much bigger tolerance, high tolerance compared to either of us, but um But yeah like it just is so dependent I guess on like everything market how you're feeling like you know the setup so I was just curious if you ever do it No but I like I use the margin and the margin account and I mean I'll do some wild stuff in take I mean probably last time we talked the biggest size I would take in something it's like 500 chairs and then now I will have like 2000 so I'm growing I'm just having all my eggs in one basket freaks me out I could definitely see that that can be scary Honestly, it just depends it depends how volatile in terms of percentage move it's going to be. If I'm in a small cap and it's $5 you know I don't want 400,000 shares of it I'm good you know, but if it's a large cap and it's moving half percentage quarter percentage points in like a minute two minute three minute you're not in danger of blowing up that's the nice part you know you're not going to get caught in an offering Hall going down full portfolio in large yeah I guess that's true that the you know the large caps do offer that kind of safety I'm still working on my large cap strategy so flushed out a little bit more part of it is I mean yeah you're like trading good companies you know you're not trading companies that are strapped for cash and right in the middle of your trading day or going to Prague on yet yeah. Something did that today it like 1040 something Oh, no, which one CEI? datz Ah It was something else I can't remember wasn't in it but before we before we you know hate on penny stocks too much because you know this is the Penny Lane pod I they literally built my account for what it is I want to say like when we're talking about large cap a lot right now. Probably 95% of my account is all from small cap. I mean I wouldn't be day trading if it wasn't for Mr. Kesh so much love to the incorporation guys it's all from it's often small cap it's you know, guys, this I have learned so much in the last half an hour I thought we're gonna wrap up and I just got like no master class, in trading and risk tolerance. So I've learned so much, Ariel, thank you so much for hopping on last minute. You've been an incredible co host. I appreciate everything and all the little nuggets. asked. Always a pleasure. I hope you come back 100 more times. I love I can thank you so much for having me. And thanking me like last year, I was so nervous when I was on last year. And you were so kind to me, and that probably encouraged me to even you know, go on and do like, you know, other, you know, speaking things and stuff. So I'm very, very grateful to you for even having me on. Oh, I loved it. And we really have to thank Squeezie for that he insisted that Oh yes, I have you won. So thank you squeezy. I'm so proud of you. I'm so proud of your last couple of months just I hope you hit 5 million by the end of the year. Oh, let's be really once you start once you really get that risk talent rolling over AMC or GMB around round two that's all we really need. really need to ignite small caps one more time. Yeah. All right, guys. Well, I will I'll see out there tomorrow. Hopefully I'll finish the week strong. Absolutely. Everyone. Thank you. Alright guys, I hope you enjoyed that as much as I did. I especially love the end part where Ariel and escort just talking. I mean, two incredible traders and I just thought, like, I can't believe I'm so lucky to be witnessing this conversation. I hope you guys felt the same way and learned a lot from this episode. Please like and subscribe to the podcast. It helps us so much. And stay tuned because we will have the shark episode coming up next so you won't want to miss that. thank you as always to our producer Joel Edwards in Chesley Lowe for the banjo music. See you guys soon