In this episode, we delve into the fascinating world of day trading and investing with Anmol Singh, a prominent figure in the stock market. He provides valuable insights into day trading, investing strategies, and the future of cryptocurrency and real estate. Join us as we explore how to navigate the financial markets, make informed decisions, and achieve financial success.
Key takeaways to listen for
Resources mentioned in this episode
About Anmol Singh
Anmol Singh is a renowned consultant in the Trading and Investing Industry who has achieved great success through his firm, LiveTraders. Established in 2015, LiveTraders has earned the #1 spot in Trading Education for three consecutive years. With over 1000 traders and investors trained and coached by Anmol, some of his protégés have even established their own hedge funds.
Connect with Anmol
Connect with Us
To learn more about growing your wealth through multifamily investment opportunities, visit Monument Real Estate Capital and schedule a call!
Follow our social media pages!
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In this episode, we delve into the fascinating world of day trading and investing with Anmol Singh, a prominent figure in the stock market. He provides valuable insights into day trading, investing strategies, and the future of cryptocurrency and real estate. Join us as we explore how to navigate the financial markets, make informed decisions, and achieve financial success.
Key takeaways to listen for
Resources mentioned in this episode
About Anmol Singh
Anmol Singh is a renowned consultant in the Trading and Investing Industry who has achieved great success through his firm, LiveTraders. Established in 2015, LiveTraders has earned the #1 spot in Trading Education for three consecutive years. With over 1000 traders and investors trained and coached by Anmol, some of his protégés have even established their own hedge funds.
Connect with Anmol
Connect with Us
To learn more about growing your wealth through multifamily investment opportunities, visit Monument Real Estate Capital and schedule a call!
Follow our social media pages!
Facebook: Monument Real Estate Capital
LinkedIn: Monument Real Estate Capital
[00:00:00] Anmol Singh
People always want to find a reason of why something happened. But the stuff happens. And yes, we're all competing against each other. Because if I buy a stock, it's not a magical pool that I'm buying the stock from. If I'm buying stocks, somebody out there selling it to me, we can also both be right. Maybe he bought it earlier. He made money on it. And then he sold it to me, but I sold it to somebody else higher yield.
[00:00:16] Podcast Intro
You are working professional but struggling to balance the workload of your career, family obligations, and preparing for your financial future. If so, this podcast is for you. You've spent years learning your craft, and now it's time to focus on your financial future. This podcast will teach you what you need to Retire Wealthy and Happy. Let's dive in.
[00:00:40] Roger Jacobsen
Hello, and welcome to the Retire Wealthy and Happy Podcast. I'm Roger Jacobson, and I have Anthony as far as with me today. Today, we're interviewing Anmol Singh. Anmol is a big-time stock trader in New York and has a huge amount of followers. And we're glad to have him on the show. Welcome to the show, MO.
[00:00:57] Anmol Singh
Thanks for having me, looking forward to chatting with you.
[00:00:59] Roger Jacobsen
So why don't we just jump in, start with a little bit of your bio and history and tell us how you got to where you are now.
[00:01:05] Anmol Singh
Definitely. So you know, I started trading in the stock market in my dorm room in college, and I went to college in London. So there before you can graduate, you have to have a year's worth of like work experience or internships or something before they let you graduate. So that was one of the times for me where I started applying for a bunch of different jobs or internships from the top companies all the way down to the lowest startups. And I couldn't find a single job, not a single person will give me a callback or even internship or anything like that. And that was willing to work for free. And I still wasn't able to get a callback. And I think that's kind of when it dawned on me like Okay, I can't just rely, I can't just be sitting in my dorm room not doing anything for the whole year. And I can't rely on somebody to give me a job, like I have to go out and make it happen. And I came from an entrepreneurial family. So I saw my dad growing up early and working and he was an entrepreneur. So I kind of knew that already. But a part of me kind of like wanted a job just because I saw also instability in my family where we would not know month to month what the business is going to bring in. So I was like, I probably would be better if I just get a job. So I know exactly what I'm gonna make.
[00:02:10]
But I didn't get one. So that kind of put me on a journey of researching about stocks, reading more about it taking online courses. And just really immersing myself within that period and learning about the markets to point that I was writing a blog on just different analyses that I used to do. And that got picked up by Dow Finance and other websites that I used to write for as a college student. And that's why I tell people don't trust anything you read online. Because it's probably written by a college student like me, who was a freelancer getting paid to write articles. I think that's kind of my beginning of my research in the stock market. And then yes, I found a mentor online, took one of his courses and joined the company that he was at. And then I started trading as what's known as a prop firm, where you're training the company's money. And in exchange, they take a percentage of everything you make. So Starbucks is going to work my way up in the firm. That's how I got my start in the stock market.
[00:03:00] Roger Jacobsen
That's great. Love the story in your bio says you started multiple franchises in your dorm room. Other than those, is there anything else that you started in your dorm room?
[00:03:10] Anmol Singh
So, when I made like money for trading, that was my first ever thing, because obviously before that I didn't have any money, I started an automotive franchise don't have it anymore. Thank God, I got rid of all of those right before COVID. It was just the perfect timing. So yeah, to automotive franchises and real estate, which I still do have a lot of Airbnb properties in businesses that I'm into now. But trading is how I got my start. Like, that's how I got the money in the first place to be able to do all those sorts of things.
[00:03:35] Roger Jacobsen
That's awesome. So now, Are you trading purely with your money? Or whose money are you using on your trading?
[00:03:41] Anmol Singh
Now I'm trading only with my money. I did it for a long time trading the company's money. But then I was at a point where I just didn't need the company's money to trade. So I was like, Why should I give him 30% Of Everything I make, I want to have my own capital. So I just create my own money. Now, further, there was a past where it was trading other people's capital managing sort of like a mini fund. But now I just do it for myself, because one thing I did realize was, it looks glorious to have a fund and manage money. But you're also buying yourself a job, you're going to be tied down creating investor reports answerable to investors, and more so than that, the hedge fund world, it's not really about the art of trading and investing which I love. It's more about going to networking events, kissing a lot of frogs raising a lot of money. Like I when I used to hang out with these hedge fund guys, that's when I realized that I don't want to be in this business. Because it's all about raising money and meeting people. And I'm an introvert, I'd rather just be on my computer and do by myself.
[00:04:32] Anthony Esparza
That's awesome. So you went from almost managing hedge funds and working for other companies. Do you now have your own company or do you just independently trade by yourself?
[00:04:42] Anmol Singh
Yeah, so we've ever company it's called Live Traders. So I trade my own capital anyway. So it's not like a company account. So I trade my own money. My business partner, he traded his own money, but then together we went live traders where we teach and educate other people who want to get involved with the stock market. We offer advisory services, newsletters, and things of that Nature for people who are either new to the stock market, or people are just looking for ideas on, hey, what am I doing in my own account? So we do have those sorts of services, and we do seminars and things around the world.
[00:05:10] Anthony Esparza
Nice. And how long have you had your new company for?
[00:05:12] Anmol Singh
We started out in 2015. So that's when we started lactarius.com. But personally, I started trading in 2010. So I'm on my 14 year now.
[00:05:20] Anthony Esparza
Okay. And did you also back in 2015? Did you start your YouTube then you have kind of a big following on YouTube? How did that all come together?
[00:05:28] Anmol Singh
Everything online started in 2015, when we started live traders, so we started a YouTube for that. But honestly, YouTube didn't even take off to like 2019. For four years, it was like pretty dead, like, majority of our views of videos weren't getting a lot of views. And we had, I don't even know maybe like 11,000 subscribers for like four years. And then 2019 is when we finally took off, I think we had one video that just got millions of views. And from there, everything just kind of took off on a different trajectory.
[00:05:57] Anthony Esparza
And I don't know about you, Roger, I've tried some day trading before, I've never had success, they say 90% of day traders lose money. Is that true? And what was your process to kind of you hear about stock market? And people do a lot of long term investing? How did you kind of narrow down into the day trading space? And, And is it true, most people lose their money?
[00:06:17] Anmol Singh
So I think firstly, the stat is definitely misleading. Because if you look at the research report that was calculated by brokerage firms, and what they did is basically they just looked at everybody who had a trading account, that Presto buy or sell button at any given point. And they counted them in the statistics as a trader. So technically, my mom is in this statistic as a trader, because she bought a stock one time and sold it. Right. So that's just like it's misleading because it counts everybody who ever pressed the buy or sell button. And we all know just pushing a buy or sell button does not make you a trader, the people who did all the AMC the GME, they're not trading letters, and they're gamblers. But if you actually do research on people who've gone through years of studying, they have a process, they have a system that they have back tested, they have the data to show the last 500 trades with that same sample size. That's what I call a trader because I guess it the same thing, let's say about golf, you know, yeah, I try playing golf, most golfers, they're not very good, but not true, right?
[00:07:11]
If you really like a sport to get good at it, you're going to be one of the good ones. If you're not going to be good at it, you're going to be like everybody else. So trading is the closest thing to a sport. But I don't just do a trade, I believe there's many different ways to trade and make money in the stock market. So day trading is what we call income producing. That's where we're going to day trade every single day. And the goal is to make an income to make something to live off to pay your bills, that's day trading. But then we also do swing trading, where we're buying a stock, we're maybe holding it for a few days or a few weeks. And then we also do investing, which is called wealth-producing style. So the income-producing style, you make an income off and live off it as they vary. And there's wealth building style, that is kind of like investing where you're just buying a stock, maybe you make an income from another business, you take a percentage of that income, and you automatically keep investing it. And that's to grow an account to build wealth. So we teach both increasing hand wealth building.
[00:08:01] Roger Jacobsen
We don't give stock or investing advice. But can you give us some examples of what you would do on each of those? Like, why would Tesla fit in there? Would that be one that you are investing in? Or swing trading? And how does a typical stock go? Are you doing calls and puts to be day trading, or give us a little background there?
[00:08:19] Anmol Singh
Yeah, so when it comes to day trading, typically, I won't be in the trading for more than like a few minutes in and out. And sometimes, I use the stock to get in and out. Sometimes I used to call options and put options like today, when I traded, I traded put options on Tesla, Microsoft, and we were just looking for as they get extended for looking for a little pullback. So, day traders, we're not looking for anything fancy. We're not looking for these crazy home runs or we're just looking for okay, can the stock pull back $1 right now? And then we're looking for the small pockets of voids that we're trying to capitalize on. So, for me, Tesla is one that I day traded today, right? I was in and out made money on it.
[00:08:53]
But then I also hold Tesla for my long-term account, right that I'm not touching that I just keep buying a percentage of your business income, take it put it away, and then I'm not touching, right that I'm just gonna keep putting in. And that's my long-term investment. But then I'll also in between, I'll take some trades where let's say a few months ago, we saw Tesla come down 200 something dollars, I bought it, it went back to $300. Now I sold it, and then it came back recently to 160. Then I bought it again. And if it goes back to 300. So that's called swing trading where we're trading those swings, the three different ways you can trade and I think any good trader should not be one dimensional that they're just a day trader or they're just an investor. If you're gonna do this for a living, then you need to trade different styles and different markets.
[00:09:32] Anthony Esparza
So, going day trading specifically, is it knowing charts? Is it finding patterns? Is it looking at things posted in the news? How do you calculate a day trade before you jump in one?
[00:09:44] Anmol Singh
Yeah, it's purely technicals. Like I don't care about the news. I don't care what the company does or anything like that because we're only going to be for three minutes. So the only things that matter are charts, technicals, and patterns. Those are the things that I, you need to learn for day trading because that's the only thing we have to base our decisions on. So that's kind of what we look at for day trades. There's certain patterns that we have that have been tested over time. And by testing, I mean, like, we know the edge, just like a casino knows its edge casino knows that no matter how much people play at the end, they got this point 5% Winning Edge. And that's what we try to do is we test our patterns over the last many, many years to figure out an edge. And I think most people online have a misconception. They think that, oh, you're a good trader that you must win 90% of your trades absolutely wrong. But I might win only half of the trades I take. I might take 10. I might lose on five of them. And I might win on five of them. But then how do I make money both my winners are twice the size of my losers. Statistically, I can lose 60% of my trades, I only need to be white four out of 10 times to make money if I ensure the ratio of every winning trade, let's say, is $1,000. Right, every losing trade, let's say it's $500. So then, I only need to win 40% of my trades. And a good trader is only winning 40 50% of the time. But when they will end the winners make up for those losers. And that's how we try to get these statistics in our favor.
[00:11:00] Anthony Esparza
Right. So you almost have a stop loss, you don't lose enough money to overall lose more than what you win. And I've done a little bit of Sunday trade stuff. In my past, I've never been successful day trading. But most recently, I did do a course with a buddy of mine. And they talk a lot about stop losses, right? So like you can't lose a certain amount. But when you do, when you win big.
[00:11:22] Anmol Singh
Yeah, I mean, stop losses are absolutely required, like all of our losses, that the way we teach is all losses should be the same. It should not be like one trade. You lost 10,000. On next trade, you lost 1000 On next year lost 600. Next, you lost 2500 When you lost the item, that it's hard for you to calculate a system and to build a profitability ratio, because you're all over the place, right? So our losses are, they should all be the same. So you pick a number, that number that is okay, if I lose this amount a I'm going to be psychologically okay with it, it's not going to bother me, and B is going to be less than maybe 1% of my overall account size. So once we pick that number, then there's no nervousness. There's none of that issues happening because you already know what you're going to lose, and you've already accepted it. And the way you calculate that is very simple. You let's say you buy a stock at $100. And you say okay, if this thing goes down to 99, I'm getting out. So well. Now we know we're risking $1 per share. So if I only want to lose the maximum $1,000, guess what I do, I buy 1000 shares, and if it goes to 99, I get myself out. So I already know what I'm going to lose. And we try to keep all the losses the same. And the winners can vary a little bit. But if you keep the loss of the same, that's the biggest step in the right direction to be a successful trader. Alright, taking all the emotion out of it. Exactly. Because that's half the battle and trading emotions.
[00:12:35] Roger Jacobsen
It's a lot like the house-flipping model. The only differences is you can ever say if I'm going to lose $1,000 on this house, I want to stop it there. It's like a burning dumpster fire that you're throwing money in, and you just can't put it out in the middle. So that's a cool concept. When you're doing day trading, is that pure tech stocks or mostly tech? Or is it all over? Whatever's moving and catches your eye? How does that stop picking you up?
[00:13:04] Anmol Singh
Yeah, whatever is moving and whatever has a pattern. So all we're looking for as pattern traders is, a lot of times, we don't even know what the company does or what the name is. We just know the ticker symbols, right? Because we're just looking at the chart. And all we're looking for is the pattern to show up. As a pattern shows up on an oil stock train. If a pattern shows up on a tech stock rate for very indifferent to what the company does, it's all about if does it have that pattern. And is that pattern tested over time? And seeing how that performed? Do we have an edge? Like is it a winning pattern? What if I took this pattern last 200 times how much resulted in it make? And then those are the things that we'll just use to make our decisions?
[00:13:38] Roger Jacobsen
That's cool. If somebody wants to get started in day trading, what amount of money would they have to bring? And what kind of like learning should they do before they get started? Yeah,
[00:13:48] Anmol Singh
I think if they're starting out, money is not something they should be thinking about right now. Because the first thing you should be doing is you should be on a simulator account, you should be on a demo account, right? The demo account is where everything is real, the price movements are real, everything is real, just the money is not real. So first, you want to trade on that and get really, really good at it. Learn the platform, learn how to press the buy-sell button, learn how to get out, learn how to place a stop loss, learn how to place target, learn the platform first. Once you've done that, then your goal is to get consistently profitable on the demo account first because if you can make money on a fake account, you're not gonna make money on a real account. There's a two brackets. So first you get money is successful there. Once you do that, then you start really small, something small, like $10 per trade as a risk, right? And again, we can use the same exact math, if you buy a stock and $100 if it goes down to 99 We're gonna get out we only want to lose $10 How much do we buy? We buy 10 shares, right? So then that's how we used to calculate So money is I think the last thing people should be thinking about right now is this just be focusing on can I execute? Can I actually make money can actually be profitable? And I think a lot of people make that mistake as they go too quickly into trading real capital real money, and they're not trained for that yet.
[00:14:59] Roger Jacobsen
How long would you work? And then working on a simulator account before you started, actually, real money?
[00:15:04] Anmol Singh
At least three months of profitability, right? Not three months of being on a simulator, but three months of being profitable on a simulator consistently because anybody can make money one month, right? But what if it was a fluke? What did you got lucky? And what if you made a mistake in mind in your favor? So I think we need three months to show, okay, you're consistently making money, you're profitable, you got a system down, once you feel that you've got it down, then you go to real money.
[00:15:26] Anthony Esparza
So, after three months, if someone becomes profitable on a demo account, what platforms do you like to use? What's everything you need as a day trader, the essentials to get started doing that?
[00:15:37] Anmol Singh
So essentially, obviously, when you go live at real money, right, you need to have a brokerage account. That could be any of there's so many out there now: Think Or Swim, Interactive Brokers, Charles Schwab, I use Interactive Brokers. That's the most popular one for day traders. So you need a trading platform. You need money in your trading account. Once you've got that, and obviously a computer or laptop, all the basic stuff. Once you've got that, that's basically it. Literally, all you need right now. Some people might make it more fancier with having the charting software, which is separate to their main platform, they might use a scanning software. There's so many different tools you can get into. But the fundamentals are you need an internet, you need a laptop or a computer, you need a trading platform and a broker. That's it.
[00:16:16] Anthony Esparza
That's awesome. Super simple. Super easy. And of course, you need the knowledge. Absolutely, yeah.
[00:16:21] Roger Jacobsen
He has literally a way that anybody anywhere in the world as an Internet connection can go and make money as opposed to I grew up in the no-tech era, where computers had cassettes that you carry around instead of flash drives or internet or whatever. And nowadays, it's like you can be anywhere in the world and be able to do that kind of thing. Pretty impressive.
[00:16:43] Anmol Singh
Absolutely. I mean, I'm half the time, I'm outside traveling or doing something, as long as I have my internet, I'm good. Like I traveled six months out of the year, you know, Airbnb ease, or hotels. And the first thing I do is make sure they got good internet, they got that I got my little goodie bag, it's got an external USB monitor, it's got a laptop, it's got like all the stuff that I need. And I just travel with it. And wherever I'm at in the world, that's the office for the day. I think that's one of the benefits of this business.
[00:17:10] Roger Jacobsen
How many hours a day do you spend working on trades and studying, executing trades and stuff?
[00:17:15] Anmol Singh
9 to 12. So 9am to 12pm noon, I'm pretty much done trading might look at the charts here and there in the evening just to see what my positions are doing. But the training is done like nine to 12 is what I do. So nine to 930, before the market opens 30 minutes, I'll build a watch list of stocks that actually want to look at that day, right? Try to go with 10 stock because otherwise it's 5000 stocks, you're gonna get confused. So go to battle, as I say with 10 or 20. Stocks Max, which looks canned for from nine o'clock to 930. And then 930 to 11. This is where I do most of my trading. And then I do a live stream where I talk about what actually traded that day and kind of review my trades and my students, and then I'm done at 12. That's kind of the workday.
[00:17:55] Roger Jacobsen
That's great. You know, that's a nice short schedule where you can be done with your day and have a whole bunch of time left to do whatever you want.
[00:18:04] Anmol Singh
Yeah, like podcasts like these right after.
[00:18:07] Anthony Esparza
So Anmol while you're in the trading space, what's your thoughts and opinions on cryptocurrency? Do you do any crypto trading? What's kind of your vision on that?
[00:18:15] Anmol Singh
Yeah, so I mean, I personally don't trade crypto. But crypto is just like anything else. It's got a chart. So if it's got a chart, you can trade it. So I have no problem with anybody trading crypto. He could absolutely trade it. In fact, there's some great trading opportunities on the charts on there. So I don't trade in it. But I do have an investment and a cryptocurrency, and my thoughts with cryptocurrencies are that it's kind of like the early stages of Internet where the Internet was new. What happened in the.com era, every company that it was an internet company, the stocks went up, right? Everything that a.com under his name went up, brock.com globe.com pet.com All these companies were rocket shipping, and then what happened, we got the bust, but then out of the bus 99% of the companies went bankrupt. But then came a few winners, Microsoft, Google and Amazon, and stuff like that. So I think that's kind of where we're at right now with the crypto industry is that is early stages of internet, we saw every single coin dogecoin, this coin, that coin, everything's moving up. Eventually, they're all gonna die down. And then there's going to be a few winners that are going to emerge. And my opinion is not going to be Bitcoin. I think Bitcoin is kind of like the AOL off the Internet, where it was the first one is a great idea. It started at all, but now there's better, faster technology, just like AOL was trumped by MSN and Yahoo and Google, and then just like MySpace was trumped by Facebook, and stuff like that, and now x so same thing is going to happen with cryptocurrencies where Bitcoin started, it all created the idea, right? That was the first one but it's too slow to be able to be used in real life. So there's going to be replaced with faster, better technology, something like an algorithm, and that's another cryptocurrency is much smaller scale, but that's the one that I am looking at as an investment. But again, I'm not trading it is just something that I put some money in, see what happens.
[00:19:51] Anthony Esparza
When we talked before the recording about Tesla and Elon Musk, do you have any Dogecoin?
[00:19:57] Anmol Singh
I don't know I would never do that. Those kinds of kind of money.
[00:20:02] Anthony Esparza
Yeah, it seems it seems a funny token, there's, there's been a few runs-off powered by Elon Musk. It's kind of crazy.
[00:20:08] Anmol Singh
Yeah. I mean, I'd rather buy Tesla stock and forget about it and not have to look at it, right? Because Dogecoin, those are trading things, like you have to be in and out. Otherwise, at some point, the music's gonna stop. And it's kind of like musical chairs. We'll see what happens then. So, right.
[00:20:21] Roger Jacobsen
The way it was explained to me is I have a friend, that's a syndication attorney in the crypto space. And he's like, whatever you look at, it could go up or down. But the way that you would win is if you could predict the one that's going to be the Google version if you could pick the one that's gonna go all the way and become the new norm. That's the one that you want to get behind. Like, theoretically, if you could pick that and hold on to it into the future, that would be the winning one.
[00:20:45] Anmol Singh
Absolutely. And it's gonna happen, and I think I picked the right one. But again, time will tell because it's still too early, still very early. But I think the one to pick Algoryn, I think that's going to be the one if you look at what's going on. It's kind of under the radar, it doesn't move much like other currencies. So it doesn't get a lot of that hype or the social media attention. But there's been tons of patents, Microsoft visa, all these companies are filing that quote that cryptocurrency so I'm looking at stuff like an under-the-radar stuff that people might not necessarily be in the news. Usually, the ones that are in the news are never going to be the ones that end up making it. They're the HYPEE ones. And then suddenly, the government announces something, and then we're like, Oh, we didn't even hear about this. So that's kind of where I'm at. But again, with Kryptos, it's almost like buying a penny stock. It's very risky, and 90% of them are going to be worth nothing and a few years, right, so there's going to be few winners, but 90% are gonna be worth nothing. So there's a lot of risk in the cryptocurrency. And I only suggest people who have disposable capital to even be looking at Kryptos as an investment, it's not something you're going to retire on because you might have nothing to retire on if you put your money in Cryptos. Interesting.
[00:21:46] Roger Jacobsen
Yeah, that's one of the harder things for me to get through as because I like to invest in real estate. And there are going to be some ups and downs. Right now we're going through a big change in the real estate industry where the National Association of REALTORS® is going through a giant class action lawsuit. And at this point, they're about to settle for $418 million. But at the same time, real estate always has that intrinsic value, where tomorrow there's going to be somebody living in that building. Regardless, if interest rates are up and the price of rent is down. And landlord laws get a little bit stiffer, and people get a little bit more scared because of things that are going on. There's always going to be a value that they have. Whereas in crypto, the question is, is it going up or down? And it could go down to nothing?
[00:22:34] Anmol Singh
Yeah, absolutely. And I think that you absolutely spot on any company you buy any risk that you buy if there's an inherent value that's going to be left even if everything goes wrong, but the crypto it's purely belief at this point, and humans beliefs are not to be trusted. So that is not something you want to really retire in on. But even talking about real estate doesn't websites now is one of them's called Lofty.ai. So they have tokenized real estate now on blockchain. So on this cryptocurrency that we're talking about algorand. So you can actually now invest in real estate tokenized version. So you might have a property, let's say it's worth a million dollars, you broke it up right into like 100,000 units, $50, each $100 each, whatever you want to put in. And people can just buy slices or tokens on those properties, right, and you still technically on it, because anytime there's a vote, you can vote on the changes on the protocol. So those tenants not paying us when everybody was a token owner can vote on what the next step should be from there on and you get paid rent daily, it's broken down into daily and it's paid right into your blockchain. So that innovation is happening a lot in real estate to that I would certainly recommend real estate investors to look into because you can get similar returns without a lot of the risk that you might take. Or you can have diversification potential with multiple slices or tokens of each properties, that's actually really interesting.
[00:23:51] Roger Jacobsen
going to be the wave of the future, for sure. And when you can get in and limit your risks, we have a bad apartment building, we've got one apartment building, and although it might have 40 individual clients in there that we can make money off of, it's still limited to that area and those problems. And, you know, if one bad tenant goes and freaks out, all the other tenants is still in the same building, and you still have all the problems in that same thing. Whereas with a cryptocurrency tokenized like that, you can go through and have stuff all over in multiple states, or I'm sure countries will be next here in Utah are going through a lot of higher costs, where the interest rates are higher, the house prices are higher, the medium income doesn't support the median house. And so you can see like we're gonna have a little bit of a back step here and real estate so a little bit harder to invest with that knowledge here, but you can go other places easily and be able to invest in Texas Real Estate or commercial, you can get into other asset classes like storage, RV, parks, whatever really gives you a lot of ability to diversify.
[00:24:59] Anthony Esparza
Absolutely. But with that token, kind of tokenization of real estate is definitely key. I mean, anything about real estate investing a lot of people thinking a ton of money, go buy a rental property, but maybe owning one, one hundred of shares a cheaper way to do it. Real Estate's proved itself year over year. Yeah, I think that's a good alternative.
[00:25:18] Anmol Singh
Yeah, because you get paid the rent anyway. So, you know, if a property let's say, pays $10,000 a month, yeah, you don't own all the property, but whatever fraction, you own it in the same fraction, you will still get your rent. So I think that offers the ability for people to have slices of properties in spread out geographically. So overall, your risk is much diversified. Whereas if you have to actually buy the real estate, it's very hard for individual investors to grow from zero properties to 100 properties, but you can now with tokenization, and do all of that. And it's all in the blockchain. So it's not even like, Oh, this guy didn't pay rent. I mean, it's all blockchain, you're gonna get it instantly, and it's paid out every night the rent is paid out and the proportion so I think that is definitely the future of real estate investing. Many different companies started to get into it. Now. There's one called Slice Spaces, one called lofty.ai. I think they're definitely the future of properties because even Airbnb is there some they have a new listing, which was an Airbnb property that's on tokenize. You can own a piece of that Airbnb using tokenization. So a lot of cool stuff happening in this space for sure.
[00:26:18] Anthony Esparza
Yeah, the digital era.
[00:26:19] Roger Jacobsen
Did you ever get into GameStop? Back when it was going up? And everybody was like predicting it to go down?
[00:26:26] Anmol Singh
Yeah, I actually shorted it. I didn't sleep well one night. I remember that. I shorted that I think it was kind of a price. It was some 300 or something like that. And the next morning, I woke up, and I think it was like 400 or 500. So I was like, Oh, crap. But luckily, that was kind of the day where it just came all the way back down. I didn't make much money on it. But I was able to get out unscathed compared to what I was down in the morning. So we all knew it's going to come back to zero, which it's almost there now. But markets can stay irrational longer than you can stay solvent. So I think betting against things is usually not a great idea. Like I saw some people talking about betting against Tesla recently and doesn't end well usually because shorting there's losses, unlimited, right stock could double triple, and you could lose be out of the money. So I think I now tend to stay away from anything that's in the news that much like a Gamestop or AMC, if my Uber driver was talking about a stock, I'm not going to trade it. So that's one of the new things is I try to stay away from that and just focus on the predictable easy money that exists rather than trying to be that hero who pick the top of the bottom and sort of thing. That's great advice.
[00:27:27] Anthony Esparza
You tend to see a lot of stocks with like media hype, like you said, AMC GameStop, a lot of hedge fund managers lost their jobs that day, rightly so rightly so. And that's crazy. I mean, it goes to show like a group of users on Reddit got together and like, Hey, we're gonna pump this up and blew through the frickin roof. Like, it's kind of crazy how trading can just be that way. You know, I
[00:27:48] Anmol Singh
fully believe that it was rendered people who caused it. I think that kind of started the idea of it. But then it was other smaller funds that just kind of piggyback to like, okay, there's money to be made here. And then they piggyback to try to take that because hedge funds also very competitive world where each of them tried to take each other out. So when they saw that these hedge funds that wonderful than other smaller funds teamed up and they started buying it just to take this guy out. Because random people that didn't have enough money to move the stock, the way the stock moves, shows them big money coming in. And no matter how many investors get together, I don't think they will cause even a blip of that because we can see that now right? Stocks not even moving anywhere, despite them holding in mind funds always do this. And the same thing is happening right now with Bitcoin. You see all the banks launching Bitcoin ETFs Hey, buying Bitcoin, it's advertising coming in. Because they don't care about Bitcoin, they care about making their money and getting their fees. So when Wall Street sees an opportunity to make money off something, where they're not going to be given the credit, like, hey, it's the people who caused all of this, but it's those hedge funds making money.
[00:28:45] Anthony Esparza
It's the big money. So is it true that like the big money, the big corporations, I see a lot of things on TikTok are on YouTube? And, and I hear a lot about the day traders are trading against the corporations, or they almost have their algorithms, right? Like, they know how the stock is gonna move, and they can pull back so people get out of the stock. And is that true? Is it really as a day trader? Are you trading against the bigger money? And do they kind of push and pull the stock? How they want to.
[00:29:10] Anmol Singh
No, I think nobody knows what the stock is going to do. Nobody knows where it's going. It's all Fooled By Randomness. People always want to find a reason of why something happened, but the stuff happens and yes, we're all competing against each other, right? Because if I buy a stock, it's not a magical pool that I'm buying the stock from. If I'm buying that stock, somebody's out there selling it to me. So either he's right, or I'm right. Now we can also both be right. Maybe he bought it earlier, he made money on it. And then he sold it to me and I sold it to somebody else hired so it's possible we all made money. So it's not like I think a lot of the thing with Reddit and stuff like that is before GME and AMC there was no these massive day traders.
[00:29:45]
Now everybody calls himself a day trader but the problem is they don't understand how the markets work. It's impossible for anybody to cause show are there like gray areas they get exploited by big hedge funds. Yeah, but nobody knows what the stock is but nobody's causing it to do that because it also takes money for They do that, right? If they're making it go down, that means they're selling it, the putting the money behind it. I think that's the victim mentality, oh, hedge funds are controlling my money or they know what to do. I think it's all victim mentality as a professional trader, you know your odds, you know your numbers, and you really don't care who or what does that it's happening. Why did that happen? The matter? It's happening. So how are you going to deal with that.
[00:30:21] Anthony Esparza
Really good insight. I've always heard that.
[00:30:23] Roger Jacobsen
I think that's true and 90% of the applications except for when our senators and our congressmen know what they're going to do as far as laws and they bet against the stock or with the stock based on the way that they're going to vote and put in laws.
[00:30:36] Anmol Singh
No. Nancy Pelosi is the best. She's the best trader. She's the best investor Ray Dalio, the left behind everybody left behind she is you know, she actually took one of our courses at one time.
[00:30:48] Anthony Esparza
Really? That's awesome. Now, I know, I've seen those websites where it's like, here's what the politicians are buying, just do what they're doing and follow Nancy Pelosi, he'll probably do pretty good. Yeah. And it's funny.
[00:31:02] Anmol Singh
her salary is $200,000. But she had one 8 million on Nvidia, just recently.
[00:31:08] Roger Jacobsen
Yeah, I shared a meme with one of my friends that were both Warren Buffett followers, we both read a few of his books and stuff. And Warren Buffett's in the top part of the meme. And he's like, nobody knows which way stocks are gonna go. And Nancy Pelosi has pictures down below and says, Oh, that's cute.
[00:31:26] Anmol Singh
Hold my beer.
[00:31:29] Anthony Esparza
Yeah, it's a little weird. Politicians kind of they know, something we know. I mean, is that craft is just going to be qualified as citizens?
[00:31:36] Roger Jacobsen
It's as corrupt as can be. And you'll go to prison as a politician does it had been allowed to make the rules? And that's okay, because nobody's saying anything or coming after them. And we just kind of go, Oh, that's interesting how their $200,000 salary is somehow pumped them up to be worth 30 $50 million. It's like, how do I do that?
[00:31:59] Anmol Singh
My granddad used to say, if you're poor, as a politician, you're a poor politician.
[00:32:03] Roger Jacobsen
Right? If you can't make your own rules to make your own money, it'd be an interesting way to run real estate is if you could just say, Okay, from here on out, we're going to make a rule that self-storage is better than multifamily. And then, all of a sudden, you made money because you bet on it. Right, bet against multifamily. It's, you know, an interesting concept that you could control the way that votes and rules would go here in Utah. We have really great landlord laws. And in other states, like a lot of us Utahns won't even touch multifamily in California because the laws are just so pro-tenant if you could say, well, tomorrow, California is going to be pro-landlord and buy a bunch of stuff or put in a bunch of call options, or however you do it, it would just be fantastically huge. How do you go from being not a good landlord state to being a great landlord state? Right? And if you can make the rules, you just do it?
[00:32:56] Anthony Esparza
Yeah. So back to looking at charts. When you find a stock, you want to trade? And you're looking for patterns? Or you're just looking for some sort of consistency? Do you have a set of patterns you'd like to see show up? Say there's a V in the stock line, buy here sell there? Or is it just the consistency and patterns, whether it's over a week, or over a month or over five years, dive deep into that analysis and decide when it's go time?
[00:33:22] Anmol Singh
Yeah, we have certain patterns that we look for. But then as you said, like, it's kind of like a puzzle, you have to put everything together. I think the mistake why most traders lose is because they learn a pattern somewhere by watching a course or something and then just look at that pattern and ignore everything else. Right? So trading is like a puzzle. The more pieces you have together, the better it is. So one piece will be what's the pattern we were looking at the other could be okay is the market in alignment, because if you bind the stock, but the market is going down, well, doesn't matter how good your pattern is, right? Mark is going down. So your likelihood the stock is gonna go down is also pretty high. So that we look at the stock, we look at the pattern and we look at the market, right?
[00:33:59]
We also might look at the sector, because you might buy let's say, I don't know, Tesla, right? And you're like, wow, the market is going higher. But why is my Tesla going down? Well, that's because the whole Evie electronic vehicle sector was going down, right? But let's say technology, stocks, Microsoft Apple, we're going up that day. So we look at the sector, we look at the market, we look at the pattern, and then we also look at the higher timeframes. Where's the stock coming from? What's the pattern like the higher timeframes like the monthly chart, the weekly chart, so there's a lot that goes on to pick the right trade. But it starts with finding a pattern.
[00:34:30] Anthony Esparza
Nice. And when you wake up, like you said you'd do a watch list from nine to 930 How long does it take you to pick a stock and say, Hey, this is what I'm teaching today. And I know you have many years of experience but now how fast can you narrow it down and see something or find a pattern and then decide to make a move?
[00:34:48] Anmol Singh
Honestly, nowadays, it takes me five minutes or less right but when it started, it took me an hour minute to start taking me 30 minutes just regular 20 Nowadays, like five minutes even if I get on my desk at like 929 25 If I could still be ready to go for 930. But that's also because my eyes are now trained for that pattern that I could be like going so fast through these, like hundreds of charts. As soon as I see a pattern, I'm able to just stop. But the pattern recognition is almost like when you meet people. So if you meet somebody at a networking event, let's say for the first time ever, and let's say you don't see them for five weeks, you probably forget what they look like, right? You won't even remember their name. But now if I say, hey, Angelina Jolie, now you haven't met her, but you can put up a picture in front of your face. And you can imagine what she looks like. And no matter even though you haven't met her, no matter how many times you see her somewhere, you know that it's her right, or whatever famous person you're looking at, when you get good at pattern recognition. It's almost like watching pictures like you remember that picture. It's almost like you've seen it before. So you're able to stop pretty quickly. So that's why now it takes me five minutes, whereas for a newcomer probably taken at least half hour.
[00:35:48] Anthony Esparza
That's really cool. I like it stock charts, and I'm like, Whoa, what's going on here? Is it gonna? Is it going down? Should I buy it?
[00:35:55] Anmol Singh
Yeah, but I still have questions. You know, just the answer is quicker these days. But I still ask myself is the right idea. Should I do it? Should I not? I mean, those things will never go away. We're human, but it's just your ability to say, okay, yes, it's a good one, like, dude, be decisive. I think that's the difference maker between when you're starting out versus 1014 14 years in, it's just that you're more decisive. Now you can easily say, No, I don't want to take that because of this, or I want to take this because of this rather than dwelling on it, or what we call paralysis by analysis, where you just keep analyzing the stock and you miss it any like, I knew I should have bought it. I think that's the mistakes. You want to avoid trading his emotions.
[00:36:31] Anthony Esparza
Absolutely. I feel like you're big on Tesla long-term as well as day trading and go a little bit sideways, really far away from the podcast. Do you have a cybertruck reservation? Or are you looking to get one?
[00:36:43] Anmol Singh
I don't have a reservation, but if it was available in the store I buy I never like reserving stuff. Like I'm never one of those preorders. Reserving guy. I'm like, if it's available in the store, I can just go pick it up. I probably would buy it because it's really cool. Like I saw in the store the other day, and they had a matte white version. I was like That is cool. So yeah, even though in New York City we ended up anyway because you don't get to drive here a lot. We're gonna park
[00:37:07] Anthony Esparza
Yeah, I saw it in Vegas. They're pretty sleek. It was on wrap somebody's business on it. It was cool.
[00:37:12] Roger Jacobsen
lived on a local here. That's the diesel brothers. And they typically do all sorts of like diesel modifications to trucks, but they've got one guy that I just couldn't watch him. So I don't know him that well. But the guy's name is like supercar Ron. So he pays the diesel brothers to modify a cyber track and put big snow tracks on it like kits. And it looks like a tank and goes around like crazy. And it's fun to watch. And it's a really cool track. They've done lots of different modifications to it. And to see that thing, turn into a take and rally around and whatever it is 10 feet of snow. It's pretty impressive. It's fun to watch.
[00:37:49] Anmol Singh
Absolutely. Imagine if you guys was there with the podcast logo, and it's going by the amount of views they would get on YouTube and Twitter.
[00:37:58] Anthony Esparza
I know. Totally. I should just hit up Elon Musk on Twitter or X and be like, Hey, I mean, you've seen like, people send him a message. He's like, Yeah, I'll send you one right now.
[00:38:08] Anmol Singh
Yeah, he hasn't sent me one easy till date.
[00:38:11] Anthony Esparza
I know, Elon, he's a crazy guy. But like you said earlier takes a little bit of crazy to push things and move things now. And well, is there anything specifically you wanted to jump into or talk about on this podcast? Now whatever
[00:38:25] Anmol Singh
is going to be beneficial to your listeners. But my, my only advice is, if you're somebody involved in the stock market, definitely consider at this point, having some money set aside that is not in the markets, because for the longest time being invested in the stock market was a great thing. And it still will be a great thing for the next 20, 30, 40 years. But if you're somebody who might need money in the next three years, let's say you're in retirement or whatever, I would just say have some cash, like don't have it all in the stock market. Because we are in an election year, things could get crazy, typically in the September-October timeframe. So you know, you would want to have at least some cash set aside. So at least you good for the retirement and you don't have to worry about that. Because nothing worse than having a market crash like we did in 2002, 2008. And short came back up, but it took a bunch of years for it to come back up. Right. And if your time when you don't have that luxury. So I think that's just something I would ask people to, I guess consider.
[00:39:16] Anthony Esparza
And what is your outlook on the market? I mean, are we overdue? Do you think we might see one of those in the next couple of years? What's your outlook on that?
[00:39:24] Anmol Singh
I think that this year, August to October is going to be time to watch just because typically, we get a recession market downturn, 11 months after we first raised interest rates, which would mean August of this year so August to October is typically the time of markets could have a pullback or get a little tricky. And also, we're in an election year so I think that will be the time where I personally expect a pullback but that might not be a crazy big pullback, but it might just be a small pullback, and then it really comes down to the election results right I feel like if it's independent or republican stock markets typically outperform and they're gonna continue to go up for the next five or 10 years. But let's say in the case of the current administration coming right back in, then absolutely, I think that we're gonna get the probably the biggest crash, we've gotten a long time.
[00:40:06] Roger Jacobsen
Interesting, which is exactly how I feel about real estate, definitely gonna have a bunch of propping up and whatever they can do to make it look good now of the powers that be have the power to get reelected, they're gonna do it by saying, Oh, look at us, we created jobs, and we have a great real estate market a great economy, we've watched inflation, or it's gonna be time for a change. And somebody's gonna say, Well, this is not working. What can we do to fix it without getting too political, we definitely have some general rules that apply in real estate, whether it's Republican or Democrat, and we'll see how it goes. And all bets are off right now for next year. I haven't bet anything other than what's going to happen this year.
[00:40:47] Anmol Singh
I think I think real estate is going to be fine. Because there's still a lot of cash, there's still a lot of money, and there's a lot of people waiting on the sidelines to buy. So anytime you get a few points correction in real estate, there's people just who've been waiting to sign up and the price stabilizes and talking about lowering interest rates. If that happens, then I think we're gonna see a pretty big boom in real estate because we've seen a little bit climb recently in high interest rate environment, but it's still not that much of a decline. So when interest rates get lowered again, all the sideline, people are going to come back in. I think real estate looks to me that it's going to be okay, at least for now. Unless you're in places like New York or California, then things could be obviously be a little tricky. But I think the rest of the country is totally fine.
[00:41:29] Anthony Esparza
Right? And Utah, we're making our way up on that list, too. I mean, prices here. Have you seen that Roger, we're like third most unaffordable housing in the country. Wow. California, New York.
[00:41:40] Roger Jacobsen
The problem was our medium wages are so low, and house prices are so high, we've had a huge amount of influx, and we're still really under belt, we have something to the effect of 30 to 50,000 people that are wanting house and need to get into a house but can't afford it. And where the median house costs about 130,000 a year in your salary. That's for you know, a smaller house in some of these areas. I, I flipped the house, it was $570,000 in this three-bedroom, one-bath. So it doesn't make a license to share it with roommates or family members and stuff. So you got to bring a substantial amount of income and credit to get what's basically a smaller house. And it's tough. We'll see how it pans out. But we're definitely looking at what could be a pretty big correction in the valley wages need to catch up and we'll see how that goes for the next few years. Because people don't want houses, but it's just hard to get somebody to go from living in their mom's basement to go on and affording a new house and all that stuff. So we'll see that up.
[00:42:44] Anmol Singh
California and moving out of New York is causing influx in a lot of these areas like Austin, Texas, there's all people moving from California. You go to Scottsdale Phoenix, Arizona, people moving from California bringing that California money propping up Arizona propping up Texas and I think same thing is happening for you joggers. I mean, some parts of us are beautiful. And outside of California. That's what they're looking for. Right Arizona little beautiful Boston little greenery then they go to Utah, and the prices keep getting propped up because they sell their properties in California for much higher. They bring all that money in Utah, and now they have all this money to buy things with. I think that's kind of the what we're seeing right now.
[00:43:21] Anthony Esparza
Yeah. Especially back in 2021. You saw it a lot. You know, they'd come in straight cash offers. And it was a tricky situation for sure.
[00:43:30] Roger Jacobsen
Yeah, the cliche is definitely California and selling their house and taking their equity and just coming to Utah and Idaho and they dropped down their equity on a purchase. And they can buy all cash and they don't care if it's $50,000 More than the next guy cuz it's a million dollars less than their house that was in California.
[00:43:49] Anthony Esparza
Yeah. Yeah. It's a tricky market. Should we hop into the Final Four? Or let's do it. All right. So question number one animal, what is your favorite book?
[00:43:59] Anmol Singh
Business Book is Mindset by Carol Dweck.
[00:44:03] Anthony Esparza
Okay, I haven't heard that one. But I think I'll have to add it to my
[00:44:07] Anmol Singh
list. You gotta read. I mean, you've heard all the concepts amount, but it definitely great book to read.
[00:44:11] Anthony Esparza
Okay, awesome. Second question, what brings you happiness?
[00:44:16] Anmol Singh
What brings me happiness is showing other people how to be the best version of them for themselves.
[00:44:21] Anthony Esparza
Awesome. Next question, what's your favorite way to give back?
[00:44:24] Anmol Singh
My favorite way to give back is by teaching other people everything I know. So if I go out and spend hundreds of 1000s of dollars on coaches, workshop mentors, but then I just share freely on social media or other methods. I think that's the value that I would bring back is sharing what I know and what I've learned and sharing it to others.
[00:44:43] Anthony Esparza
Awesome. And final question, what does your future retirement look like and or do you have a future retirement?
[00:44:49] Anmol Singh
I don't know if I will ever gonna fully retire, and this life forces me to I don't see myself retiring because I love what I do. I don't do this just for the money and it brings me a lot of happiness to be productive and go to the next level. So that's not something I've thought about yet. But again, it's gonna change 20 years from now, but for now, I can't even think about it.
[00:45:07] Anthony Esparza
Awesome. And well, it's been great to have you on today definitely learned a lot from you might just try to get started in day trading a little bit. Sure. Happy
[00:45:15] Anmol Singh
to help anytime.
[00:45:16] Roger Jacobsen
Where's the best place for our listeners to find you on social and the internet? Yeah, I
[00:45:21] Anmol Singh
think the best place if you're interested in trading would be to go to livetraders.com. That's where you can learn a bit more about trading. It's free introductory resources to get started with. And then if you're interested in my book, it's called Prepping for Success. 10 keys for making it in life. You could get it on Amazon, Barnes and Nobles, Walmart, wherever you buy your books, it's called prepping for Success book has nothing to do with trading. It's all about personal development, things that I've learned along my success journey. And then social media, Instagram and Twitter is kind of where I'm the most active. My username on both of them is the same. It's Delta Ninety DELTA. And NINETY. Why don't ask me why I had a long time ago. So we're just gonna roll with that.
[00:45:57] Anthony Esparza
And before we go tell us about your necklace.
[00:46:01] Anmol Singh
Yeah, these are crystals. One of them's aquamarine, the luminous quartz, I got it in Sedona. I was doing an ATV bike ride and Sedona beautiful felt great energy there, the vortex. And it's a pretty big place for crystals. I stopped by a store there. And then I was just chatting with the lady who was running the store. And she was showing me these crystals and I just spilt some energy in it. So I was like, and it looked cool. So yeah, I'm gonna take.
[00:46:22] Anthony Esparza
I like it. I have a crystal. Man. I lost it. But it was a good one. I think it was morganite. Have you heard a moldavite?
[00:46:32] Anmol Singh
I have not. But I'm very curious about crystals. I'm wearing one on my ring as well.
[00:46:36] Anthony Esparza
Yeah, if you get the moment or a chance, look, it's a moldavite. It's a very, very strong, feels like it has some energy in it. You know, I used to like hold it and it almost felt like it was vibrating. Super cool. Interesting. But nice.
[00:46:48] Anmol Singh
You know, I had to ask just my trading desk is like in front of my trading computer is like a bunch of crystals. I will take any edge I can get right. It doesn't work. I don't care. The fact that I think it works is enough.
[00:47:02] Anthony Esparza
I'm the same way. That's awesome. Oh, cool. Thanks for being on today. And Roger I’ll let you kind of close it out for us.
[00:47:10] Roger Jacobsen
Thanks for joining us today on the Retire Wealthy and Happy podcast. We really appreciate it. Mr. Singh are coming on here and sharing his knowledge about day trading. We'll see you on the next podcast. Thanks, guys.
[00:47:21] Podcast Outro
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