The Exchange for Entrepreneurs™ Podcast

JB & BEAR on Apple, Microsoft, Fortnite and Trading Basics w/ TraderTV.Live | AFTER MARKET EP 3

August 25, 2020 CSE - Canadian Securities Exchange Episode 144
The Exchange for Entrepreneurs™ Podcast
JB & BEAR on Apple, Microsoft, Fortnite and Trading Basics w/ TraderTV.Live | AFTER MARKET EP 3
Show Notes Transcript

CSE Presents AFTER MARKET with JB & Bear - a new limited series that discusses today's relevant topics in business and culture. Born as a spin-out from CSE's #HashtagFinance podcast series, AFTER MARKET bills itself as the "first ever" late night talk show for business, dropping every Thursday at 9pm this August.

In this third episode, Barrington Miller and James Black discuss:

1:27 - Viewer shout outs, including James’ mom
3:46 - “Lazy Headlines” return:
5:18 - Lazy Headline 1 - Apple becomes the first US $2T company
7:59 -  Lazy Headline 2 - Epic and Apple’s fight over Fortnite $$$
10:59 - Lazy Headline 3 - Microsoft’s Flight Simulator is BACK
11:57 - Introducing “What Will You Do First” - airplane or movie theatre? edition
16:20 - Tim Hortons’ Barbie controversy
17:20 - New segment! “Unsolicited Advice” - Tim Hortons’ opportunity to promote racial diversity

In Part II...

JB & Bear are joined by their first guests on AFTER MARKET - Shawn Catena and Brendan Wickens from TraderTV.live. Step into their world of intraday trading and learn what it takes to play the stock market like a pro.

Here's a highlight of everything discussed in this program:

23:20 - Intraday trading explained
25:28 - What are indicators like VWAP?
28:50 - Where Shawn and Branden get trading news
32:00 - Managing emotions and bias when trading
34:30 - Trading styles - short v long
35:45 - Explaining algorithmic trading
37:55 - An example of how arbitrage works
40:20 - Their number one piece of advice for new traders
43:00 - Recommended resources for traders (‘One Good Trade’)
44:45 - Shawn’s best advice for new traders

Like video? Watch episodes on CSE TV here: https://www.youtube.com/playlist?list=PLMqe-oljw63xucLnmVc68EjkCJvReGXAe 

🔴 Subscribe for more great CSE insights and interviews here: https://go.thecse.com/CSETV-Subscribe

#alwaysinvested

STAY CONNECTED WITH THE CSE
=============================

📧 - NEWSLETTER: https://go.thecse.com/CSE-Mailing-List-Subscribe
🎧 - PODCAST: https://blog.thecse.com/cse-podcasts/
📸 - INSTAGRAM: https://www.instagram.com/canadianexchange/
🤝 - LINKEDIN: https://ca.linkedin.com/company/canadian-securities-exchange
👥 - FACEBOOK: https://www.facebook.com/CanadianSecuritiesExchange/
🐦 - X: https://x.com/CSE_News
📝 - BLOG: https://blog.thecse.com/
🖥 - WEBSITE: https://thecse.com/
📖 - MAGAZINE: https://issuu.com/thecse/docs

©2024 CNSX Markets Inc. All rights reserved.

Speaker 1:

Hey, it's James here welcoming you to this presentation of the hashtag finance podcast. This is just a reminder that if you like video, all of our CEO and expert interviews are featured on the hashtag finance playlist on CCTV, including the show that you were about to listen to remember that a CSC space TV on YouTube. And finally, this is just a friendly reminder that the views information or opinions expressed during the podcast are solely those of the individuals involved and do not necessarily represent those of the Canadian securities exchange and its employees. So happy listening, and now enjoy the show. Hey, it's Thursday night and we're back for another episode of aftermarket. I'm James Black and I'm joined by Miller. And guess what? We actually got guests this week. So we'll tell you exactly who we I'd have to spend some time with right after. Okay. Well, here we are. Again, they let us go for another week Barrington. So we continue to, uh, we continue to survive and thrive. I might add because we actually had some reader feedback this week. Believe it or not. Yes. Log relatives. Yes, not. Yeah. So, uh, we'll get to that in a minute, but uh, I just want to give, we're going to make this as interactive as we can because it's a, it's a, it's a slightly prerecorded program. It's not, it's not live. Uh, so I want to get a shout out to Taylor T I'm not using last name. So Taylor T uh, Lionel G and Matthew P I don't want to use last names, even though they gave him in a public forum. Yes. And if you know me on LinkedIn, I'll probably just link them anyways. But point being is, we know you gave us comments. We want to give you credit for watching. And thank you. Thank you for your feedback. Cause we actually got some ideas, uh, from, from the, uh, we'll come up with a clever name for those who watch after market. Like after, after marketers can go work on that one. No. Okay. We'll figure it out. If you have ideas, just hit us in the comments below and forget. I don't forget that you can subscribe to CCTV on which this is being broadcast and you can hit the like button cause that helps us get more views and helps a YouTube soreness out. So if you do like this program, give us a thumbs up. We got like over 10 thumbs up last show. So we're doing well, but we want more next time. And I just want to say about fans. My mom, she did watch. Thank you, mom. Uh, though she had a very cute comment. She sent me a text and I'll put it up on the screen. Uh, asked me to invite will who is my brother? And as a musician and is, you know, we're not that we're not there yet. I would love to have him on, but we've got other people. And, uh, that's being said, Barrington, we, we have the luxury and pleasure and joy to be joined later on this episode by Brendan and Sean from cheddar tv.life, which I going to guess it's going to be an awesome conversation.

Speaker 2:

Uh, I think so as you may or may not know, I have a little background in trading, so it'll be fun. It'll be a fun conversation.

Speaker 1:

Be a great conversation. So that'll be at the end of this, uh, the segment. So we're gonna do some headlines because we, again, we listened to the people, we got some great feedback.

Speaker 2:

That's right. You know what? I actually got a, I got in my inbox, some suggestions for headlines. So that was cool.

Speaker 1:

We love suggestions. Cause you know that we can't just swipe right. And get our headlines on our own. We need help. So,

Speaker 2:

Oh,

Speaker 1:

Let's, let's start off with some headlines and uh, I don't think I'm gonna have the music sorted out. The producer is still looking for, uh, for something catchy, but headlights come right up. Okay.

Speaker 2:

So I got a question, a question it's a, believe it or not, there might be people who didn't listen to the first two episodes. What is a lazy headline?

Speaker 1:

A good point, because I think this, we get to prove lazy headlines out on this episode. So a Laz headline is you're at a, around a campfire, not a dinner party. Cause we already established that those don't exist anymore. And you just caught a headline here they're throughout your week and you're trying to keep up conversation and you want to sound smart. And so what you do is you take that headline and then, um, what we're helping you with with that headline. It's just giving you a little more context. Cause we didn't read the articles either. Don't don't get me wrong. We're just trying to help you go through the thought process of how you can sound smart so that when you have that headline, you can talk to someone and kind of jam for a few minutes before you can go and, you know, find an excuse to get out of the conversation. So, uh, lazy headlines are a useful tool. They're going to help you through many social situations, uh, particularly for camping, not at a dinner party. And uh, we're here for you. This is to help, but it's also a business program. This is a business culture program. So we want to kind of, you know, give you a little insight and say, you know, I watched aftermarket and I heard from those guys about X and here's my opinion. And then I got to go to Washington. So that's sort of what Laz headline is useful for. Does that make sense? It makes sense to me, it makes sense to me. That's how I get most of my information. Third party with a very primary research, a little primary research. Okay. So, uh, we have a lazy headline today. Apple becomes us first$2 trillion company. Well that's that's to me, not necessarily a great headline, other than Apple just got bigger. And they can't think of myself having bought anything from Apple in the last few weeks, but I assume they're doing something right. What do you think they're doing right Barrington? What is

Speaker 2:

They have created an entire ecosystem? I don't even want to call it like a separate ecosystem. It is a system of existence of dependence of great products. And I say, I'm assuming they're great. I am not an user. I'm not an Apple where, uh, but my kids are so there it's in my house. There's more Apple stuff than non-Apple stuff. As far as technology and think about it for somebody who buys it, who acquires it, who gets it and doesn't use it. I have a ton of Apple stuff like I do. So, uh, that's, that's what they're doing. They they're filling a need. They're filling a need for people who didn't know they had a need.

Speaker 1:

Yeah. They've done a lot of really great things. And it came down to design and quality. I mean, I've got older Apple computers that still work from seven, eight years ago. Arguably better than my, um, you know, let's not name the company, but you know, other big giant. Yeah, exactly. So point being they've started with quality and I think they they've gotten into the lifestyle thing. They've tried to get into the content thing, um, with, uh, TV and plus and all that, but Apple TV plus. Um, but I don't know about you, but I've not watched a single show on that platform, even though they gave it to basically for free for a year.

Speaker 2:

Uh, when the whole work from home started Apple put out a fantastic commercial, uh, that describes the work from home. And you know what, just, just look for it, work from home Apple, uh, I think there's four main people, uh, and how they work together, all using Apple and very clever. And right now that's what Apple does. They give you things that you can relate to the majority of people to relate to that user product premium price. Yeah. They know their, they know their audience very, very well. So kudos to them. I'm still not going switch because

Speaker 1:

That's some guy over here. Yeah. Yeah. And I think Tim cook is one of the, is moving up the Forbes list and a very interesting, cause he's not a founder he's he came on. I don't know when he came on. He's been there a long time, but um, yeah. Good, good for them. Okay. Well that's the positive side of Apple, but the dark side is that they're going through some antitrust stuff right now. Uh, not just on Capitol Hill, but uh, just recently the, uh, the game Fortnite. So I'm gonna read the headline is actually not exactly what I'm about to talk about, but it was given to us. I want to respect that, you know, Fortnite app removal, threatened social lifeline for young gamers,

Speaker 2:

Social lifeline hum. On,

Speaker 1:

So there's bread, there's water, there's shelter and then there's Fortnite. Okay. And um, so I didn't realize the app store was my gateway to, uh, you know, you know, that the next level of Maslow's hierarchy of needs. Um, but that being said, the bigger issue here is that fortnight, well maybe it's not the bigger issue, but Fortnite was on the app store and they basically pulled shoot or someone kicked someone off the store and this is where I'm getting lazy. And uh, essentially what Apple was doing was taking 30% cut of all the revenues that Epic was getting to people that publish fortnight, um, for in game, uh, transactions and Fortnite is free. It's free, but everything that's free is not really free, right? No, no. You're going to get in your, kid's going to get in there wanting to get skins for their characters, buy guns, uh, access, special events. Uh, Apple's going to get cut out of that. And there's this whole argument, I guess, around, you know, who needs to, so I'll just say this is somehow extended itself. The framing of people not making an impact, is it

Speaker 2:

Who needs, who$2 trillion? Who do you?

Speaker 1:

Yeah. Yeah. Well, I think for nights I'm going to make a guesstimation is that they're in the many billions of dollars of what they've make on that game annually. So, um, they kind of maybe don't need each other. Maybe that's the lesson, you know, they're good for a little while, but uh, yeah. Scary, scary in the sense again, threatened social lifeline for young gamers.

Speaker 2:

Oh yeah. That, that part let's yeah. Let's address that part. Um, yeah, during COVID I got it for sure. Up until March on Talia our kids, you know, stop looking down, stop looking down at your device, communicate eye contact, say hello, shake hands. Not anymore. Wave elbows, fist bump, toe, top. Um, but yeah, just basically communicate. And now I look like the past because it's like, I can't it's cold.

Speaker 1:

What was it? There's a lot of a solo adventure and going on right now. And by that, I mean, there's games like I've mentioned on this program, animal crossing, which my five-year-old may or may not be playing right now, so I can tape this. Actually he's supposed to be in bed, but I digress. But uh, most recently this is the one that made headlines this week. So another lazy headline Microsoft is resurrecting its 38 year old flight simulator game. That's pretty exciting in its own. Right.

Speaker 2:

Okay. Show of hands, uh, people that played it when it first came out,

Speaker 1:

Uh, I wanted to, but my computer wasn't fast enough

Speaker 2:

Show of hands who thought that could really fly a plane if they had to pitch. I thought I could. It was that good?

Speaker 1:

Yes. Yeah. I'm aware of it. I just couldn't play because it didn't have a Pentium chip in my computer.

Speaker 2:

I'm glad. I'm glad. I'm glad it's back.

Speaker 1:

And I'm doubling up on the story Barrington because we'll, we'll tie it all together in a second. We're going to be making like, uh, um, connections here, like we're CSI, but MC is reopening a Cedar's next week with 15 cent tickets. So I'd like to play a new game. Uh, this is unfortunately COVID maybe it's fortunately culturally related, but we're going to leverage the situation. We're gonna use a business term here. Leverage There's a little quiz game called what will you do first? What will you do first? Will you, will you go into a movie theater or will you hold on? Hold on. Well, are you going to a movie theater first or will you fly or get on a plane first? Get on a plane that someone else's flying. Let's be very specific here.

Speaker 2:

Hey, going to a movie theater first, uh, because one, assuming that I didn't pre select my seats, which I probably would, if there's a bunch of axes around me, but even still absolutely necessary, absolutely necessary. Okay. If that's not the case, I could at least go in survey it, find a place away from it. My comfort zone, if that comfort zone gets intruded, I would get up and leave now on a plate. No chance. I've been on planes, pre COVID. Everything was pretty cold, but I've been on planes pre COVID and I wanted to get off because of various circumstances, people, a robot, whatever. And I, I can't and that's just me being uptight.

Speaker 1:

Well, I mean, they were almost sometimes it's the airplane food itself, which is

Speaker 2:

Yeah, yeah, no, this was a, you know, I'm just thinking of the, the most depressing flight, which is usually back from Vegas.

Speaker 1:

Yeah. A lot. It's lots of aromas happening on that flight.

Speaker 2:

Yeah. So, so yes. I'm going to choose. I'm choosing, choosing a all day long, uh, for 15 cents. Here's a quarter, uh, just to, just to check it out, I've got to take a look around and I got, I can always get up and I don't know, 15 cents

Speaker 1:

You're at 15 cents. But remember last week we talked about popcorn, math. So that popcorn is going to be like 60 bucks. Once you seem like that kind of guy who sneaks in his own snacks,

Speaker 2:

But I will reuse refold.

Speaker 1:

How did, how do we go from, we talked about the nineties for a second there back then they had ushers, they had flashlights. They would frisk you. I mean like all your rights were out the window. When you went to a movie,

Speaker 2:

What kinds of theaters were you quite skewed?

Speaker 1:

They would make a concerted effort to make sure you weren't sneaking food in. And now it's like, yeah, whatever. You can bring a picnic basket and they're not going to stop you.

Speaker 2:

You have your personal rights and freedoms. You do not have the right to search my person. They don't pay them enough. You don't pay them.

Speaker 1:

I think, I think, I think the rate, the going rate for an usher has come down dramatically. The skill set needed for that position in the 20 centuries. Just describe that.

Speaker 2:

It's not worth it. It's so not worth it.

Speaker 1:

No. Cause I'm, I'm a sucker and I'm buying my$60 popcorn and pop and I'm basically carrying freight for that whole business. So, um, me personally, I'm not going on either anytime soon because I am happy here talking to you in my basement and until I change it.

Speaker 2:

Yeah. But if you had to pick one, you have to pick one. You have,

Speaker 1:

I go to the movie theater cause yeah. I can see the exit door and go through it. I'm a hundred percent plus I'm strangely something about watching a movie on an airplane where I feel like the experience is now dramatically diminished. I mean, obviously the screen is small and all that, but um, I just feel like I missed the wave. So like if I'm going to go to a movie like Moulin or tenant or whatever, um, Oh wait, the land is, moulins not coming out in the movie theaters go to last week's episode to find out why. Um, yeah. So that's um, well, okay, so let's transition here. I'll tell you what I'm doing before or after, or basically any day. Doesn't matter what the heck I'm doing. I'm going to Tim Horton's because like most, um, Canadians, I'm not going to say it's point of pride. It's just something we do. Cause there's a gazillion of them around. I'm going to go to Tim Morin's I'm going to get a coffee cup, but again, lazy headline for warning. This, this goes into some of the social stuff that we mentioned. We talked about on the show. So I might get a little more serious here for a sec. A Tim Horton's delays, hockey, Barbie rollout to rush production of black doll. What they want to hang for a sec.

Speaker 2:

Right? My first, my first thing, uh, good on you, Tim. Horton's the first place for making a doll of blackness.

Speaker 1:

Thank you for being aware of the issue and publicizing it several weeks. If not months after this was like a serious issue.

Speaker 2:

Yeah. Well it still is still is a serious issue. Yes, it is ongoing, ongoing, but good on Tim Horton's um, because between doing nothing and doing something, they are doing something. Cause they've done it earlier. Cause it doesn't matter. They're doing something and so good on Tim Horton.

Speaker 1:

So I'm going to open a new segment, micro segment called unsolicited advice. So, um, again, you'll be at a party and someone will give you advice that you never asked for. Uh, I would actually, most of the time tell you not to be that person, unless you've got something really interesting to say. Uh, but my unsolicited advice for Tim Horton's was okay. The PR people at Tim Horton's clearly leak the story. I mean it says right in the article that I, I read like, hello,

Speaker 2:

What we do. We're consistent.

Speaker 1:

You're worried about getting caught, having no black dolls or be they're doing which I really disliked, which is a, you know, some sort of virtue signaling that they were going to go back to my neighborhood. I don't think anyone was waiting for this. So I'm kind of curious why they had to let the cat out of the bag other than I think it's good PR for them or they thought it was. But at the end of the day, as you said, Barrington do the right thing. Uh, just like spike Lee and just make the doll, get it out when it's ready and let people, you know, um, get it when they want it. Um, but here's my bigger thing. Maybe not bigger, but let's talk about Tim Horton's cards. Don't mess with the cards. These need to come out this year. I love these cards. Um, but we have a serious problem. And in this book of cards, Barrington, uh, we gotta address the issue of diversity. Can you just, can you just lay on me? How many people of color do you think are in this book? We're talking last year. Yes, sir. I am going to go. Wow. You're off by nine there's one. No, no, no. There's one PK Soubanh card in the base. He's in there twice. If you count the replica die-cast card. So yeah. Uh that's come on. You know what? Let's get the doll sorted out. Let's work with the NHL hockey, celebrate diversity and then we can get onto not just having PK. I love his personality and that's big enough for the nine others in a good positive way, but there's so much more pretty sure we're getting a mad dog her this year. I'm just going to say that. All right. I am done with headlines this week. Thank you everyone for your submissions. You're always welcome to email me Barrington or Barrington to give us some ideas. Uh, we've got a guest. So you set this up, Barrington, set it up for us, set up for viewers. Uh, who do we talk to? And what, w w what are people join us for the next 20 minutes of the show? What are they going to get? Well, we are a stock exchange. We're a fully recognized stock exchange access to public markets. Now, what do you do with those without access from trade stocks? And it's, we're not just talking Wolf of wall street or wall street, Gordon gecko, or boiler room, or any of that. It is, it is the industry that has skyrocketed in the last six months. People are

Speaker 2:

Home. People are trading, people are day trading, retail trading. What does it all mean? You'll hear terms like algos. Do you hear terms like a Forex and foreign exchange and positions and swaps and everything we're gonna, we're gonna, we're gonna talk about what does it mean? What does it mean? What is it?

Speaker 1:

So again, when you're at that dinner party or campfire, that's, this is more ammunition for you to, to sound smart. And actually, I think, uh, after this interview you'll actually be smarter. So, uh, without further ado, I'd like to, uh, transition to that interview.

Speaker 2:

Thanks again for watching. And we'll see you on the next clip.

Speaker 1:

This is James and I'm joined by.

Speaker 2:

Yeah.

Speaker 1:

Okay. Very pleased to have our first guest. So someone finally took the call and, and, uh, it's our friends, Brandon and Sean from trader tv.live guys, welcome to aftermarket.

Speaker 2:

And the first ever aftermarket interview, the fans have spoken. They wanted to see you guys. I mean, listen, we were, uh, we were wondering if it was number one, we're all honored, obviously to be your first guest on aftermarket. Thanks so much for having us guys dubious distinction,

Speaker 1:

Barry, this is, this is mainly your interview, man, because you used to be a trader and we're talking to dudes

Speaker 2:

That love to trade. So I'm just like an innocent bystander. I don't, well, it's a, it's definitely a unique culture, a unique job. Um, it gets, it gets a little bit addicting, um, because when you're making money, you don't want to stop because you're making money and if you're downloading or losing, you don't want to stop because you're down money and loser and trying to make up. So, uh, trust me, I never used our vacations, um, traded out Raymond James, and done these securities. And I used to trade commodities with BDNF man in New York, but those were a lifetime ago. So, uh, let's get into it. What does a trader like the two of you do? What is, what does trader, I mean, I can, I can give you a first round here anyways. I'll let Sean take over here in a second. But from, from our perspective, we're very, very short time frame trader. So we're intraday only we go home at the end of the day, completely flat. So we do not carry anything overnight, whatsoever. So we're looking at a very, very short timeframe. Obviously that means we have to find things that are moving first off. Uh, so that comes down to anything with, you know, some kind of news catalyst or something surrounding the stock. That's making it move on the day. So our first job as traders, intraday short term traders is finding those thoughts. And that's going to come down to, you know, as I said, something with news, something with a catalyst, and it's a matter of finding,

Speaker 3:

You know, where you want to be involved in the trade and why after that. But, uh, I'm sure you'll have an opinion on this as well. Well, we are talking in great question Barrington. We were actually talking, uh, before this show started here, I've made over 200 trades and that's 200 fills. And what we're trying to do is really just the art of scalping and, and it's in, and it's out, it's fast movements and a little more share size than maybe the typical retail traders looking to trade with we'll trade with a few thousand shares. And if you can quickly make that 10, 20, 30 cents or so on that share size, then yeah, you do have a little bit of an advantage there in and out lower fees. And it just allows us to get in and out on some of those great opportunities like Brendan was talking about earnings, maybe a release fresh off the press, like a new minds then hit or today with Barrick gold and things like that. If there's, if there's any kind of news like that, that's kind of what we're looking for here and get that edge.

Speaker 2:

You actually jumped in to what I was going to my next question, which is gold. Gold is in the news. Everyone's buying gold. If you take it over and the guy or girl driving says, Hey, are you in gold? Then usually that's a sell.

Speaker 3:

Yeah.

Speaker 4:

I keep my best doc tips in the universe. What are you talking about? This is where I get only information, a barber shop.

Speaker 2:

That was a common indicator. Let's talk about indicators. What, uh, what are indicators, uh, when it comes to trade?

Speaker 3:

Oh, wow. How much time do you yeah, yeah, yeah. I mean, it's, it's a, obviously a very popular topic to say the least, but an indicator is something that's going to be, um, passive in, in price movement. So if you're looking at a chart with a whole bunch of indicators on it, it's only going to show you what has already happened. So, I mean, that's very, very broad, obviously a of a statement, but something like a V wall or something like a moving average or something is calculated, sorry, what's the, what's the ReWalk. Uh, so if you want this volume weighted average price, please, guys, we get ahead of you here at all.

Speaker 2:

No, no, that's what, that's what we'll do. We'll just

Speaker 3:

Tell us to put on the air for three and a half hours, volume weighted average price, which is probably the most popular indicator out there today, um, which is simply taking, you know, price at volumes. So where did the most volume occur in the past? But again, so all indicators are on historic price data. So anything that's happened in the past, it's not showing you, you know, the real market, what is happening right now, order flow, things like that, which we can also obviously jump into what we're finding. Also Barrington is there's a lot of trades that are happening in the first couple of minutes, especially right now, a lot of traders sitting at home looking to get their money in the market as soon as the market opens. So some of these vaccine names and whatnot tend to just go crazy right off the open. So an easy, not an easy trade, but it trade that we're looking for are these kinds of stocks running and taking out their new highs, creating new highs as the day goes on. So this has been a very profitable trade for us, as well as volume weighted, average prices, moving averages instead, still remains the same. A lot of it depends on your timeframe. We use one minute charts, three minute charts. And then the largest timeframe I use is a 12 minute chart. And most of my trades I'm in and out of within five or so minutes. So it's kind of like that quick little tick. You're looking for that edge. So anything like a volume weighted average price, as soon as the market crosses that price, that's generally a bicycle to the upside and then a cell signal to the downside. If you cross it negatively, let me just so people who are maybe new to investing there's people like Warren Buffett who are value investors, long term investors, they're pouring over financial statements and IPO documents and perspectives. You guys don't even look at any of that. You're just looking at a chart and catching a wave, getting in and getting out. I would say I would even go as far as saying 60 to 70% of the time. We don't even know what the company does that we're trading. Listen, it's, it comes down to price action and volume. If, if there's volume and prices moving, then we're interested the why and the fundamentals come after that. We actually guys have a huge advantage because there's two traders, main two traders on the floor, myself and my partner, Neil, and then Brendan comes with the breaking news. So he's a hundred percent, right? There's a lot of the time it says XYZ stock is going crazy. And then we'll just go over to it, maybe trade it and then he'll come with the story or give us a story as it is. So right now it's kind of like what we talked about with Barrington there. And that is when the market breaks and certain levels of breaking. If you miss it, you're sort of under the gun there, but we, you know, we have an advantage of having direct market access. So we don't have to wait 15 minutes delayed quotes or anything like that. We're in and we're out. And sometimes it's seconds, sometimes it's minutes, but yeah, breaking news is huge for us

Speaker 2:

Now, where do you get your news source? What's your, what's your go to

Speaker 3:

Perfect. So we have, uh, we have a couple, uh, to, to put a blonde lady there's there's Reuters that we use mostly. So we have the, I'm actually sitting in front of a Reuters icon platform right now, uh, which is very similar to a Bloomberg terminal. It's just their version of a Bloomberg terminal. Uh, so anything that happens instantaneously in the market, I can easily throw a, you know, a ticker in a, do a quick search. All the recent news stories will be presented to me. Uh, so that's one, uh, we use a program called our website, I guess it is called trade ideas as well, which is just a general market scanner that pulls out things that are doing higher volume maybe than they normally do throughout the day. And then you kind of have to dig into it a little bit and find out, you know, the why and the how. And, and like I said before, the, where we want to get involved with the trail,

Speaker 2:

What, what a, what a lot of people may not realize, especially if you're getting into training for the first time, is that there is so much work done after the market or before the market. You guys do homework, you do research, you look at charts, you do analysis. Um, I used to use pivot points in candlesticks, which has definitely showing my age, but

Speaker 3:

Not really. I mean, we, we have our market wisdom page out Barrington, where we have over 85 videos out right now on YouTube, all for free, where we do talk about pivot points and candlesticks and yachts. You just hit two of the topics on there right now, right now, if you're watching your Lincoln area up above, I believe we can do that above if not down below, check it out. And we feel no yet. Shout out as well. Thank you so much. We film those every single week and it's more topics and we're really looking just to educate our, our audience. And that's the most important, uh, to us every single day, we have over 70,000 subscribers to our live daily show where we do exactly that we have a live chat Barrington. And I know some of the questions you were asking, they get asked often on our chat as well. Why did you guys get involved with that trade? What was the breaking news about homework? We have a free daily watch list that goes out to all of our viewers are talking about some of the symbols that we will be linking to and talking about. So yes. Is there a lot of research put into it? I think there's a decent amount. I mean, do we pile through earnings reports and things like that? Not really, but if it's a big one, like a Microsoft or an Apple or something that we know our viewers will be into, then sure. We'll make sure to hit all the points. But generally speaking, you have like a hundred to 300 companies that can report on a busy day. So it makes it hard. We're looking for price. So when it comes to preparation, you mentioned there quickly. Um, I sit down at my desk shortly after seven o'clock each morning, and we go on the air at 9:00 AM. So there's, there's a two hour window there where we kind of take, you know, the overall market and then drill it down into a list of 10 or 12 individual names that are moving into pre-market that, uh, you know, we figured out the why, first of all, the news story behind it, and then we talk about it from nine to nine 30, first, 30 minutes of our show is all about here's, what's moving in the premarket and here's how we should look at trading at once nine 30 hits.

Speaker 2:

Now, how you guys seem like two energetic, uh, go getters. How do you, how do you manage your emotions? How do you try and keep your emotion or your personal bias out of it? Or, or maybe you want it in there? I'm not sure.

Speaker 3:

Yeah, no, listen, that's a great question. It's one of the, a, it's one of the hardest things I think traders, especially when they're starting out struggle with is, is tying the emotional part, uh, to the price movement. You see the dollar amounts are going up and down and up and down sometimes down more than you want them to. Obviously more than you want to try to hide how much we're losing, or it comes down to experience. It comes down to sitting here in front of the monitors day after day after day, hour after hour, and building up that tolerance for those types of price swings for those price, uh, price swings as well, uh, in your account before you get to kind of a point where it's, it's not a heart attack every single day, and it's also not a, you know, the, the, I guess the most stress free is the best way you have to. I have 19 years here all with day trade the world. And you know, the benefit of having this experience is that you have to start treating it like a business. And I mean, you just a single trade that you're in you can't. And we joke about this on the show all the time. And we do have tons of energy and check us out guys. But, um, you know, we joke about it all the time. You don't have to be married to an individual trade. You can love it, do a lot of people's hearts here, but seriously though, it's in, it's out. There's always different opportunities around the corner, especially now there's new IPOs with your marketplace as well. Something that would create instant kind of volume we can be right, and we can be wrong. And again, for me, and we get a lot of feedback on the show. A lot of traders love the honesty that the show does go through. So we will talk about our negative trades in the same light that we'll talk about our positive trades. There's a lot of traders out there that tend to forget about the mistakes they've made and just really pumped their own tires on the winds. But for us, we go in and we go out, we say, we went in, based on this indicator, didn't work we got out. And I think that that's a lot for lessons for our traders. That's one of the most important things. Anyone buying the stock to trade it's it's what do you do when you're in trouble? I mean, when you're winning and some people say, Oh, well, I just made a hundred dollars. Oh, could have made one 50. But to me it's about the other side. It's I just lost a hundred dollars. Thank God. I only lost a hundred dollars because now I'd be in trouble 150, 200, 300. So we talked about our ends and we talked about our outs. It's about education and having a great time on the show. Do you, do you guys employ short trading strategies or do you just like to buy and then get out and like, tell me a little bit about your thought about the two different styles? I would say a nine out of 10 trades that I make personally are on this side. I simply find that and listen to everyone. Everyone has their own style. Everyone has their own strategy that they feel the most comfortable with. And that's a great thing about trading is that you can adapt some of your own personality into the way that you approach the market. And for me, that's just where I've found the most success. So to answer your question, yeah, like nine out of 10, I would say, uh, trades that I make are on the short side. And for those watching, that's a, you're selling it without owning it. Right. And you gotta borrow it to fill the shares, selling them and then covering them. I want to share it. Yeah. We find the shares from the broker, offer them in the market. Someone pays us for whatever the current price is. And then we're able to capture the profit on the downside. And for me, it's just a matter of whatever way the patterns are set up. I don't really look at it, uh, the right side of my keyboard or by orders and the left side or sell orders. And I just hit them based on what the that's weird. I have mine the exact opposite, the term I'll go trading, arrhythmic trading. What is it? What is it doing to your business? Is it helpful as a hurtful? What's your opinion? Either a to answer your question neither. So algorithm trading is, is essentially any strategy whatsoever, whether you are, you know, a hands on guy, like we are, we're smashing the keyboard every day. You can take that idea and break it down into a step by step process. You can have a coder then someone who knows a coding language and essentially write a program that will execute those different steps of your strategy for you. And a lot of guys here on the floor, on our trading floor. And a lot of guys out there will have even parts of their strategy automated. So they'll have maybe that entry that they do themselves, and then they'll have the trade management and the exit, uh, automated for them. So I, you know, to throw out that term algorithmic trading, like it's a, it's a very broad term that covers covers a lot. I mean, there's high frequency trading that we can also go on forever about, but, um, algorithmic trading specifically is just simply taking any trade ID or any way of approaching the market, writing a program that will manage that and execute that trade for you. Right? One thing to provide Barrington is a lot of volume into the market. So there's a lot of hedge funds and whatnot that create little rules. And like you said, algorithms that just hit the market based on what they see. It's not sensitive to emotion. And I think that takes away for some traders are the question that we asked earlier on, and that is, is that, how do you deal with, you know, losses or some of these emotions and quite frankly, an algorithm doesn't they punch it and they punch out based on set of rules. And that's what we really, and that's what we really try to do as well, and include a little bit of human greed as well, because sometimes I do feel, I say that jokingly, but it's true though. I mean, if you're not looking for those big wins and you're stuck on rules, that a lot of times you won't have those, those overextending winds at the same time losses as well. So I think it helps the marketplace. It definitely brings some volume into it, but it's all about making sure that it's regulated and, you know, there's proper steps being taken for, you know, the, not, not the secrecy, but just to make sure that everything's on the up and up with the market. You can ask another question about arbitrage. What is arbitrage? Hmm. Okay. I, I I'll let you take this first because I know there are different ways that we can, we can answer this, but arbitrage in our example would sort of be where you're you're, you're seeing something that's maybe unpriced like, it's not priced properly mispriced on price, price based on another asset. So if you're basing, for example, Barrett gold on the current price of gold and the, you know, the stock price isn't moving, but yet the underlying asset gold is moving upside. You may then buy a beret gold thinking that it needs to catch up with the price of gold and with direct market access. Now this doesn't happen anymore because, uh, you know, the sec has stepped in and fixed some of the rules in there of the OSC, the market regulations. You can't buy from the CSC at one price and then sell to apologize or sit at the TSX at another price. The prices have to be logged steps. So right now there's a lot of arbitrage that really exist. Um, in, in as far as the market centers are concerned, but as far as the underlying asset of things that are included into ETFs and whatnot, there are arbitrage opportunities for misplaced or mispriced assets. So I think that that's opportunity there as well, and is a big one, right guys, like you could look at someone who sells into a certain country and then a geopolitical event happens and their currency could get totally changed right. Overnight. And then,

Speaker 2:

Well, it happens,

Speaker 3:

There was another arbitrator that used to be really popular, but speaking of algos, oligos have kind of priced it out of the market essentially, uh, where, you know, you get a stock that's inter listed. So trades both in the U S and maybe over in Europe and obviously Europe opens way before the U S does. So there was a price disconnect when the premarket trading started in the U S versus what the stock is trading over in Europe. So things like that have slowly over time kind of been, uh, armed.

Speaker 2:

Um, this is the final question because we're getting up to our time a lot with this is, this is just part of one. I don't know what this is not the last one.

Speaker 3:

Great. Second final question. I've got it. I got another one minute.

Speaker 2:

Yeah. Second final question. Um, what is your number one advice that you would go back, give yourself whether it's 19 years ago or 15 years ago, or 10 minutes ago, because we're always learning. What's your number one piece of advice that you would give yourself as far as trading,

Speaker 3:

Why as many points as he could have about his answer and say, buy Apple. Yeah, no, I'm a vegetarian. You're talking about just from a trading side of things.

Speaker 2:

Yeah. Just, uh, like, uh, like technique or cutting your losses sooner

Speaker 3:

If they don't have a time machine, you know? Yeah. Well, that's the other thing going to do anything. And it's actually funny cause Brenda and I talked about this the other day and you may remember this Brendan. It was that we wished perhaps that we got into coding ourselves, maybe.

Speaker 2:

Yeah, that's good.

Speaker 3:

Um, but uh, no coding, you know what I mean by that is just that we have so many ideas right now floating around our head, just from the experience and from what we're doing on the show that it would be kind of cool. If we also had like a mini little, not algorithm, but something running on the side, that if we knew how to program it and not pay somebody else to do it, then we would be able to do that ourselves and then adjust it as you go. Because like you mentioned, Barrington, the market is always changing, let alone five minutes ago. How about a minute ago? So to be able to have something in a box that you can then go back and edit yourself and sort of put in those parameters, I think that would be a big thing. And then the other thing that, uh, you know, I've had this with my kids right now, I've had to learn it a little bit more of a patience. And that is, is just right. Barrington. You probably know what you were on a trade, that same thing. So many trades will eventually work out for you, but you just kind of give up on them. So I would say for the noise, man, your, the noise perfect example, ignore the noise. It goes a reminiscence of a stock operator, an old book that I recommend that was not as the Bible. Exactly.

Speaker 4:

[inaudible] go ahead. Sorry, finish.

Speaker 3:

I was going to say it hit his head. I'm not noticing the noise and just learning from your own mistakes, learning from your own ideas and really sticking with them. I think it comes down to being open to, uh, you know, the market in general and being open to investment. And I think, you know, from a higher timeframe kind of view, uh, it's great at a young age to, you know, be, be presented with opportunity and we've had this, you know, historic move this year in the market because of the pandemic. So, you know, we've seen this enormous influx of retail money coming into the market. So there's obviously a lot of people who are doing just that.

Speaker 4:

Yeah. No, thanks for that. And, sorry, last question. The, um, you mentioned a book, so if you're new to trading, other than going to your website, you know, what's a great resource, like a, you mentioned that book, uh, you know, link below, but any other resources that you guys like to share, or I wanted to take this question into where, what movies should people watch to really understand stock trading, but I don't think that's ever been done properly unless you know of one,

Speaker 3:

Um, I know that wall street too. Definitely don't watch that, but yeah.

Speaker 4:

Any books or resources in the pulp mill, you pop culture, Amelia that you

Speaker 3:

Hmm. There's been a few, I think, um, there's a, there's a prop firm in New York. Who's run by a guy named, uh, I don't even remember his name right now, but, uh, the book is called one good trade. Like Bella Fiore I one out there. That's, that's a really good look at an actual prop from, you know, the, the struggles, first of all. And, uh, you know, some of the wins that come out of it as well, but, uh, it gives you a good idea of what a trader goes through on a daily basis. Yeah. I mean, I, I really just think that forget. I mean, it was great. I mean, there's tons of tons of resources out there. Our YouTube site that we've already linked to stock market wisdom as well. That's very important for me. It's about understanding yourself and what you're capable from within, because Brendan and I can look at each other and both make money today, but have completely different trading strategies, completely different. I can show you two trades, actually, this tolerance I made money short this morning and Sean made money on the long side. Same stocks tend to be a bull butt against each other. What happened there totally, totally different times of the morning, but two different moves in the SOC one down and one up. And that's what I mean. It's just about understanding where your strengths come from. So I think just even just self evaluation and we talk about paper trading and, and if your viewers are just in what that is, is like simulations. So don't put real money. This isn't, this is my advice. Again, a great book there. We talked about redness, stock operated, but make sure you develop strategy

Speaker 4:

And test it before you go live. There's so many traders that will deposit a thousand dollars in an account 5,000, 10,000, and then within a couple of weeks it's gone and you don't get that money back. So practice your strategies, be strong in what you're doing and believe in yourself. I mean, that's my number one tip to everybody. Believe in yourself, you can do it. Anyone can become a trader, but it does take patience and it can take a little bit of a longer time than you may expect. Awesome. Well, thank you for dipping your toe in the water of the aftermarket with myself and Barrington. Thank you for believing in us. Thank you for being number one and two. Obviously we would love it. If you guys would come down and visit us here, we were meaning to, and then all hell broke loose. So this is a, this is an almost as good way to do it, cause I'm in my basement. But yeah. Thanks guys. Brennan, Sean, that straight or tv.live. Thanks so much for joining us for these. Uh, what was it called the after hours or the aftermarket, I guess. So this is what we'll call it Barrington. Um, where we, where we sit down with some guests and we just chat about the market and other business and culture topics. Uh, thanks again for watching. If you like this type of content, please hit like, um, I know my mom watched the last video, so thanks for watching a kid, mom and subscribe down below, or just join us on CCTV. So you can all these episodes and aftermarket, and certainly want to see you on the next one. So thanks again, guys. Really appreciate it. And, uh, Barrington, the other successful episode, I think this time we're going to make up to 110 people. Yes. Thanks guys. Hey, it's James here reminding you that if you just enjoyed this episode of hashtag finance, there's a lot more, make sure you subscribe to this show available on Apple podcasts, Spotify, SoundCloud, Stitcher, and Google podcast shows coming out at least twice a week. So please do not miss out. Also if you're on Instagram, please don't forget to follow us at Canadian exchange. That's all one word Canadian exchange. We're hosting live daily content with great guests, discussing the capital markets, entrepreneurship, investing, and much more. And finally feel like video. Please subscribe to CSC space TV, that CSE space TV on YouTube. You can find more great stuff, including exclusive series content like cannabis month, 2020, and our new series investing in psychedelics as always. Thank you for listening.