$100K/Month Instagram Secret GONE: Millionaire's New Move | Jason Stone DSH #989

Summary

Digital Social Hour - Episode #989: "$100K/Month Instagram Secret GONE: Millionaire's New Move" Featuring Jason Stone

Release Date: December 17, 2024

Host: Sean Kelly
Guest: Jason Stone
Podcast Description: Sean Kelly interviews celebrities, entrepreneurs, and industry experts, blending business advice, personal stories, and insights into their paths to success.

---

1. Introduction and Reconnecting with Sean Kelly

Sean Kelly opens the episode by warmly welcoming Jason Stone, a long-time acquaintance of eight to nine years. They exchange mutual compliments on each other's growth and success in their respective ventures.

Notable Quote:
Jason Stone [00:25]: "Thanks for having me."
Sean Kelly [00:31]: "Yeah, dude, it's been cool to see your growth on social media and in real life. Like, you've been killing it."

---

2. The Downfall of Millionaire Mentor Instagram Account

Jason Stone discusses the unexpected disabling of his highly profitable Instagram account, Millionaire Mentor, marking the first time it has been disabled in ten years. He attributes this to multiple copyright violations that he neglected to address, believing his legacy verification and significant follower count would protect him.

Notable Quotes:
Jason Stone [00:48]: "Times a day on the million. Well, the millionaire measure is actually disabled right now. First time in ten years."
Jason Stone [01:17]: "Businesses that are built just to go after people that post their copyrighted work, and businesses will take a viral video, copyright it for five bucks, and then go after whoever posts it."

Jason highlights the prevalence of entities targeting creators for copyright strikes, often demanding payments to remove these strikes. This situation has severely impacted his income, which previously ranged from $50K to $100K monthly through Instagram, affiliate marketing, and brand endorsements.

---

3. Pivoting to Algorithmic Trading with Effing Capital

In response to the loss of his Instagram revenue, Jason has shifted his focus to algorithmic trading, establishing a new business called Effing Capital. He shares his extensive experience in trading spanning two decades, including crypto, stocks, penny stocks, and forex.

Notable Quotes:
Jason Stone [03:00]: "But I'm ready to pay 30, 40 grand to whoever can get it back."
Jason Stone [04:20]: "We're doing. I. I've been a trader for 20 years, on and off."

Jason explains the challenges and opportunities within the trading industry, emphasizing the high failure rate of manual traders (90% lose their money) and the advantages of automated, algorithm-driven strategies. Effing Capital employs sophisticated algorithms, some incorporating artificial intelligence, to navigate market volatility and achieve substantial returns.

Performance Metrics:

• Jason states that Effing Capital's algorithms have been averaging around 7% monthly over three years, with some months reaching up to 20%.
• He mentions a specific algorithm that maintains a two-to-one drawdown ratio, ensuring that losses are significantly outweighed by gains.

Notable Quote:
Jason Stone [11:00]: "But our, what's really dope about ours is only two to one drawdown ratio. So I know if I see a $10,000 drawdown, I'm making five grand the next day."

---

4. Critical Views on Cryptocurrency

Jason shares his skepticism towards the future of cryptocurrency, citing usability issues and the high incidence of scams and meme coins. He recounts personal losses due to mishandling crypto transactions, reinforcing his belief that crypto is not user-friendly for the general populace.

Notable Quotes:
Jason Stone [13:03]: "I have zero crypto."
Jason Stone [13:21]: "I don't think we're ever getting going to get there."

He criticizes the complexity of crypto transactions for newcomers and doubts the practicality of cryptocurrencies becoming mainstream financial tools. Jason prefers focusing on algorithmic trading over crypto investments, which he views as more stable and reliable.

---

5. Other Business Ventures: E-commerce and Real Estate

Jason touches on his ventures in e-commerce and real estate, although these are secondary to his primary focus on trading. He mentions his longstanding e-commerce business, Treadstone Performance, which specializes in automotive parts and has been operational for over 25 years.

Notable Quotes:
Jason Stone [19:16]: "I've been doing e Commerce for 25 years actually."
Jason Stone [19:56]: "And e-commerce margins are thin, dude."

Despite early success on platforms like eBay, Jason acknowledges the current challenges in e-commerce, including rising marketing costs and thin profit margins. His real estate endeavors include owning a Jiu Jitsu gym, Effing Capital, which is still not breaking even and has accumulated significant debt.

---

6. Passion for Jiu Jitsu and Personal Development

Beyond business, Jason is deeply passionate about Jiu Jitsu, practicing for five years and earning a purple belt. He emphasizes the martial art's benefits in building confidence, self-defense skills, and discipline.

Notable Quotes:
Jason Stone [23:06]: "I definitely would recommend. If you're a parent and you have kids, put your kids in Jiu Jitsu."
Jason Stone [24:05]: "No, I just got my purple belt."

Jason advocates for Jiu Jitsu as a lifelong skill that enhances personal security and mental resilience, drawing parallels to the adrenaline response in confrontational situations and the importance of controlled responses.

---

7. Challenges and Future Plans

Jason discusses the financial struggles of running his Jiu Jitsu gym in Wynwood, with high rent and initial capital investment leading to significant debt. Despite these challenges, he remains committed to the venture out of passion rather than profit.

Notable Quotes:
Jason Stone [26:37]: "Thing is, I'm doing it for a passion, though."
Jason Stone [26:48]: "Yeah. I'm not doing the gym to make money. And if it loses more money for the next year, I'm okay with it."

Looking ahead, Jason plans to expand Effing Capital into a regulated fund, adapting his algorithms to comply with U.S. trading regulations and onboarding clients through a licensing loophole in the Virgin Islands.

Notable Quotes:
Jason Stone [16:07]: "We're going to plan on making a fund out of it."
Jason Stone [17:05]: "The US clients will actually get onboarded through a license through svg, which is the Virgin Grenadines Virgin Islands over there."

---

8. Closing Remarks and Contact Information

As the episode concludes, Jason provides information for listeners interested in learning more about his ventures or investing in Effing Capital. He directs audiences to Effing Capital's website, Millmentor.com, and his personal Instagram handle, Jason__Stone, which he hopes to recover from its current disabled status.

Notable Quotes:
Jason Stone [29:07]: "Effing Capital IO is algorithmic trading. Millmentor.com is the blog. And if you want to get a hold of me on my personal Instagram because Millionaire mentor is down. Jason double underscore stone."

Sean Kelly wraps up by thanking Jason for sharing his journey and insights, encouraging listeners to connect with him through the provided channels.

---

Key Takeaways

• Resilience in Entrepreneurship: Jason Stone exemplifies adaptability by pivoting from a successful Instagram-based business to algorithmic trading following unexpected setbacks.

• Importance of Compliance: Overlooking copyright violations led to significant financial losses, highlighting the critical nature of adhering to platform policies.

• Algorithmic Trading vs. Manual Trading: Jason underscores the higher success rates of automated trading systems over manual methods, advocating for technological integration in financial strategies.

• Skepticism Towards Cryptocurrency: Despite early involvement, Jason's experiences have led him to view crypto as unreliable and user-unfriendly, preferring more stable investment avenues.

• Balancing Passion and Business: Maintaining a passion project, such as his Jiu Jitsu gym, demonstrates the interplay between personal interests and entrepreneurial endeavors.

---

Resources & Contact Information:

• Effing Capital: EffingCapitalIO.com
• Blog: Millmentor.com
• Instagram: @jason__stone (Currently disabled)

---

Listen to Episode #989 on Your Preferred Podcast Platform

---

This summary provides a comprehensive overview of Jason Stone's conversation on Digital Social Hour, capturing the essence of his experiences, business strategies, and personal passions.

Transcript

[Jason Stone]

Yeah, B rolls. I think even on YouTube, you're not allowed to use more than, like, 10 seconds of actual footage. Like, you're supposed to have at least 50%. I'm not sure the ratio, but, like, a certain percentage of it. And that's why people are doing. Half the screen is the video, and half the screen is, like, the commentary. But if you have the whole video playing for more than 10 seconds, it's. It could be you.

[Unknown Host]

All right, guys. Got someone I've known for. Damn, eight, nine years now. Jason Stone. Thanks for coming on, man.

[Jason Stone]

Thanks for having me.

[Unknown Host]

Yeah, dude, it's been cool to see your growth on social media and in real life. Like, you've been killing it.

[Jason Stone]

Yeah, likewise with your podcast. You've been killing it. I mean, I was just telling you before this podcast started, like, I don't know how you bang on so many.

[Unknown Host]

Episodes a lot, dude, but content is king. And, you know, this running huge Instagram pages. You know you're posting, what, like, four.

[Jason Stone]

Times a day on the million. Well, the millionaire measure is actually disabled right now. First time in ten years.

[Unknown Host]

Jeez. Sucks. What did you post?

[Jason Stone]

Well, like, maybe seven, eight copyright violations over the last couple years. But I never monitored that email, so I never thought anything about it. I never looked at those and took them seriously. I'm like, oh, I'm the millionaire mentor. I got legacy verified. 10 million. I'll never get disabled. But it happens.

[Unknown Host]

Damn. A copyright.

[Jason Stone]

Yeah.

[Unknown Host]

So was it just footage you didn't own?

[Jason Stone]

I guess it's just reals. There's. There's businesses that are built just to go after people that post their copyrighted work, and businesses will take a viral video, copyright it for five bucks, and then go after whoever posts it.

[Unknown Host]

Wow.

[Jason Stone]

Like, a whole business is built just around that.

[Unknown Host]

That's crazy. So I got to be careful.

[Jason Stone]

Yeah.

[Unknown Host]

I got to tell my team, because we use a lot of B roll in our footage in our clips.

[Jason Stone]

Yeah, B rolls. I think even on YouTube, you're not allowed to use more than, like, 210 seconds of actual footage full screen. Like, you're supposed to have at least 50%. I'm not sure the ratio, but, like, a certain percentage of it has to be editable, and that's why people are doing half the screen is the video, and half the screen is, like, the commentary.

[Unknown Host]

Yeah, I've seen my gameplay.

[Jason Stone]

Yeah, you're allowed to do that. But if you have the whole video playing for more than 10 seconds, it could be, you know, damn, strike.

[Unknown Host]

So that guy just is trying to get you for money, basically.

[Jason Stone]

Well, yeah. There's multiple companies that have posted strikes against the account.

[Unknown Host]

Holy crap. Hope you get it back, man.

[Jason Stone]

Yeah, that was your bread and butter. Maybe you know somebody.

[Unknown Host]

I'll try.

[Jason Stone]

I've been dealing with a lot of knuckleheads that say they can get it back.

[Unknown Host]

Oh, yeah. And I've dealt with those, but it sounds like that's more between you and the copyright person than Instagram itself.

[Jason Stone]

Well, these people telling me, oh, we'll take all the copyright strikes off, don't worry about it.

[Unknown Host]

So from what I've heard is when that happens, they ask you for money. Have they approached you?

[Jason Stone]

So if I would have dealt with these strikes as they happen over the years, pay them their thousand bucks or whatever they want at 1500 bucks, I would have been fine. But things I never thought about, I never kept up with that email because it's like a secretive email. I keep to the side for that.

[Unknown Host]

Instagram account so you don't get hacked.

[Jason Stone]

And I didn't think anything of it. And I never saw them, I never saw them all come through. But I wish, in hindsight, I wish I would have just paid them off.

[Unknown Host]

Yeah.

[Jason Stone]

And we would have been cool.

[Unknown Host]

Yeah.

[Jason Stone]

But I'm ready to pay 30, 40 grand to whoever can get it back.

[Unknown Host]

Yeah, you're out there if you're watching this. Because that page was cash flowing, man. It is.

[Jason Stone]

You know, it sucks, that income stream.

[Unknown Host]

Yeah. Cuz how much was it doing at the peak?

[Jason Stone]

I mean, we do anywhere from 50 to $100,000 a month for the last 10 years.

[Unknown Host]

Damn. Yeah, a month.

[Jason Stone]

A month off one Instagram page just selling shoutouts. Dude, that doesn't even count. The affiliate marketing that I've done, the brand endorsements that I've done, the deals you got. Affiliate marketing was huge. Or just deals I get from being able to post you on the account. No, the doors that open when you got a platform.

[Unknown Host]

Because I know people that pay to get on fresh and fit and they'll make 100 GS in an hour.

[Jason Stone]

How?

[Unknown Host]

Just by being on a podcast and promoting their course or their offer, whatever they're offer. Yeah. When you have a platform and you get 7,000 live viewers, you know, that's valuable.

[Jason Stone]

I mean, I've had people pay me ten grand to come on my podcast to be able to. It's like more of a shout out package. I'm not paying for the podcast. They're paying for the content we produce on the podcast. And then I'd shout them out 10 times on the account. Like, you know, and now that's gone too crazy, man.

[Unknown Host]

I think you'll get it back eventually.

[Jason Stone]

I. I think so. I think the page is so old.

[Unknown Host]

It'S like a legacy page.

[Jason Stone]

Yeah, it's legacy verified.

[Unknown Host]

I've even heard of people getting their accounts back that have been permanently banned.

[Jason Stone]

Yeah, it's a permanent ban.

[Unknown Host]

Yeah.

[Jason Stone]

Yeah.

[Unknown Host]

Damn. Well, what are you doing now to make up for that?

[Jason Stone]

We're doing. I. I've been a trader for 20 years, on and off. I've traded crypto, traded stocks, traded penny stocks way back in the day, the Jordan Belford days, the Timothy Sykes days. I've traded forex. And now I'm actually trying to get out of trading and into, like, algorithmic trading where we can build algorithms for a crypto or forex or even stocks or options. Like, we have algorithms that we can build for us regulated brokers, and we have algorithms you can use on brokers outside.

[Unknown Advertiser]

This episode of Digital Social Hour is brought to you by BetterHelp, making it easy and affordable to access online therapy. Give it a [e-mail] DSH and get on your way to being your best self. The holidays are a tricky time of the year for a lot of people, and I like to stay cozy and warm at home with my favorite movies and a warm blanket and also some BetterHelp. With a lot of time to reflect during the winter months, Therapy is a great way to embrace what's on our mind and find comfort that doesn't leave us even as the holidays fade away. Even if you've never tried therapy or always wondered about its effects, BetterHelp's online therapy option can be a helpful tool to learn about positive coping mechanisms and set boundaries that will aid you in years and events to come. It doesn't just take trauma to make therapy worthwhile, as we want to empower everyone to be the best version of themselves. If you're thinking about therapy, give BetterHelp a try with its online platform designed to be convenient and suited to your schedule. All you have to do is fill out a brief questionnaire to get matched with a licensed therapist with the freedom to switch therapists anytime for no additional charge. Find peace and comfort this December with BetterHelp. Visit betterhelp.comDSH today to get 10% off your first month. That's BetterHelp.

[Unknown Host]

H-E-L-P.comDSH US Forex. Right.

[Jason Stone]

So that's kind of like where I'm dabbling right now. Trying to build a business called Effing Capital and that's going pretty good.

[Unknown Host]

Nice. So similar to what Jeff's doing. Jeff Seconder.

[Jason Stone]

Exactly. Yeah.

[Unknown Host]

Yeah. He's crushing it with us.

[Jason Stone]

Exactly.

[Unknown Host]

Yeah. Dude, I get his ad every day. I know and I know who runs his ads and I know like how much revenue he's doing. Oh my God.

[Jason Stone]

Yeah.

[Unknown Host]

All from a Forex bot.

[Jason Stone]

Yeah.

[Unknown Host]

And it just trades your money for you.

[Jason Stone]

That's exactly what it is.

[Unknown Host]

Pretty crazy. And with AI like really looking legitimate now, this could be a possibility that it could work. Right.

[Jason Stone]

Things like there, there's a lot of rules and regulations in the gray area in the United States for US residents to be able to get into this industry. A U.S. client is only able to trade on 50 to 1 leverage. So there's not many options for U.S. clients in order to onboard it legally. An onboard U.S. client, you have to have a $10 million net worth or more.

[Unknown Host]

Damn.

[Jason Stone]

Yeah.

[Unknown Host]

So it's not even accredited. It's another level, it's another level above.

[Jason Stone]

Accredited that allow a US client to go offshore and use a 201 leverage brokerage anywhere in the world legally.

[Unknown Host]

And that's segment.

[Jason Stone]

I mean it's not like you're breaking the law. It's, it's like a gray area of the cftc.

[Unknown Host]

Yeah.

[Jason Stone]

That states that, you know, be careful, they just want to protect the US customer. And that's all that it's for.

[Unknown Host]

Right.

[Jason Stone]

Because I don't know if you know the statistic that 90 some percent of traders lose.

[Unknown Host]

Wow.

[Jason Stone]

So 90% of people are losing their money trading, whether it's stocks, forex, crypto, anything. If people are there manually trading, 90% of people lose. And it's, and that's, that's what the CFTC wants to protect.

[Unknown Host]

That's really high. I didn't know it was that bad.

[Jason Stone]

But thank God we don't manually trade. So we want to use AI and you know, algorithms to place all our trades for us.

[Unknown Host]

So the people winning are just. A lot of them are automated, just AI programs basically.

[Jason Stone]

I mean that's what big banks do. Big banks are trading trillions a day in the foreign exchange, trading the euro to the USD, making little tiny fractions of a cent.

[Unknown Host]

And they got the best AI probably.

[Jason Stone]

And they got the best algorithms in AI. Yeah. So that's what I think. AI is going to be more implemented into these algorithms because algorithms is not AI. Let's make that clear. An algorithm is a computer program with a bunch of ones and zeros that's not artificial intelligence. Artificial intelligence is actually a learning module that actually will learn from past to dictate the future.

[Unknown Host]

Right.

[Jason Stone]

So once we able and we're playing with artificial intelligence incorporated into these algorithms to either flicker back between one algorithm or another depending on the market volatility. Cause sometimes if the market's flat, you're not making money. So when the market's volatile, it could use a better algorithm than when the market's flat.

[Unknown Host]

Right. What percentage return on average per month have you been seeing with these algorithms?

[Jason Stone]

We're doing about 10.

[Unknown Host]

Wow.

[Jason Stone]

Yeah.

[Unknown Host]

For a month. That's insane. That's 120.

[Jason Stone]

This year has been insane. Insanely volatile. So like it's like 10 to 15. Sometimes 20.

[Unknown Host]

Holy crap.

[Jason Stone]

But one of our algorithms has a three year track record going back three years. Averages 7% a month. That's all it's really about the, the track record. If most people out there don't have a really good track record. So they're just testing even like nerp like betas came under a bunch of drawdown and I heard this heard by people and other. There's a bunch of companies right now that are getting crashed out.

[Unknown Host]

Well nurps crashed a few times.

[Jason Stone]

Yeah.

[Unknown Host]

That wouldn't be the first time they've had a big drawdown. I've seen it like twice a year with them. But that's a risky take.

[Jason Stone]

Yeah.

[Unknown Host]

You know and we've gotten wrecked on some of these before you went and started.

[Jason Stone]

I got one with you. I know you got wrecked on some. We are wrecked on a couple big ones.

[Unknown Host]

3.

[Jason Stone]

Oh, can we say the names? Let's not, let's keep the names. No.

[Unknown Host]

I'm glad you persevered because it compelled me to leave the space entirely. But a few guys like you ended up making your own.

[Jason Stone]

I was, I was just. I was like. I knew I. I want to do this. Like I know I've gotten wrecked. I've lost millions of dollars putting into companies that failed. But I knew there was one and I knew there had to be a way and for the long run. And that's just being safe risk to reward. Finding that algorithm that doesn't use a lot of your capital to trade. But it's there if it's needed. It's there if there's a big drawdown day, a big volatile day or there's a current event news war that swing currencies crazy right? So as long as you keep it safe and a lot of money in the account and you're only utilizing maybe 1 to 5% on a daily basis. You're perfectly safe. A lot of people, they just get greedy. Greed is what takes over. And they want to make that extra few percent a month. They want to make 10, they want to make 20. And if someone comes to me and said they're gonna make 20% a month, I'm like, run far, run far away.

[Unknown Host]

The drawdown needed for that is just too high. The risk is too high.

[Jason Stone]

Yeah. So our, what's really dope about ours is only two to one drawdown ratio. So I know if I see a $10,000 drawdown, I'm making five grand the next day. And it's been like that. This for three years.

[Unknown Host]

Wow.

[Jason Stone]

It's insane. I've never seen anything like it even on Newsdays. Yeah.

[Unknown Host]

Holy crap.

[Jason Stone]

These days there's what we call, we have a. It's a velocity filter. So when something shoots up or goes down quickly, it's taking less trades. So that's something we implemented. It's not, it's not AI, but it's like, it's like it's going to limit the amount of trades per minute.

[Unknown Host]

Right? Yeah.

[Jason Stone]

That's really dope.

[Unknown Host]

That's huge, dude. No, I need to look into that, dude. Because I like you, I saw potential in it for eight months straight. 10% a month. And then one fucking news day, dude lost the whole account. Yeah, like I, I didn't pull out anything. So it was a total l dam that's the other thing too. You need to pull out some on the way up.

[Jason Stone]

Yeah.

[Unknown Host]

A lot of people leave their whole million dollar bag in there.

[Jason Stone]

It's greed.

[Unknown Host]

It's greed. Cuz you see the numbers every day.

[Jason Stone]

I want to leave mine compounding, but I also want to get my principal out as quick as possible.

[Unknown Host]

Facts.

[Jason Stone]

So I could compound from 500k to a million in a year. Probably less than a year the way it's going right now. Probably seven, eight months. But I really want to get my principal. And that's. Once you get your principal then, then you're free riding. Yeah, right?

[Unknown Host]

Yeah. But something like this is cool because it's super passive.

[Jason Stone]

Yeah.

[Unknown Host]

Like I've never seen something like.

[Jason Stone]

It's the best thing since sliced bread.

[Unknown Host]

Yeah. Because people try to get 10% a year.

[Jason Stone]

I think I just had a $80,000 a month last month.

[Unknown Host]

Holy crap. Yeah. You're getting 10% a month compounded. So it's even higher.

[Jason Stone]

Yeah.

[Unknown Host]

Pretty nuts, man. Hopefully that can. And you said it last three years every month has been 10%.

[Jason Stone]

But the last three years average of the history has been 7%. But this year has been volatile.

[Unknown Host]

Even seven is fire.

[Jason Stone]

Yeah.

[Unknown Host]

You know what I mean?

[Jason Stone]

Most people will love that in a year.

[Unknown Host]

Yeah, I would. Because once you have millions, you don't need to be doing like anything crazy. Like we used to chase crazy returns. But after losing millions with forex in crypto, I'm not. And crypto. Yeah, crypto's down bad this week. You still have a lot.

[Jason Stone]

I have zero crypto.

[Unknown Host]

Wow, you got fully out.

[Jason Stone]

I put it all in this.

[Unknown Host]

Because you were big into crypto.

[Jason Stone]

Yeah, I really was. I was really big.

[Unknown Host]

You had an NFT page too.

[Jason Stone]

Yeah, I would promote crypto. I was full on. I don't know. I. I honestly believe that crypto is not the future anymore.

[Unknown Host]

You think it's algorithmic trading?

[Jason Stone]

No, no, no, not that. I'm just saying like the future of money. And if you look at this way, the person that doesn't know about crypto or they've never done it before, it's very confusing and tough to them to be able to copy and paste a code to send money to their friend when they can mess that up. Because I've messed it up. Copy and paste. I thought I copy pasted something. It wasn't pasted. I pasted it. Lost 100k. Damn apecoin. Pasted the wrong address. Send it back to the wallet. Lost 100k multiple times. I've copy and pasted, thought I pasted the right thing and lost money now. And I'm good at what I do. Like I know crypto and I know how it works. Imagine a newbie coming into this. When is it going to be able to. Be able to be safe or for like the grandma version.

[Unknown Host]

Yeah.

[Jason Stone]

To transfer money in between each other. And I don't think we're ever getting going to get there.

[Unknown Host]

Not anytime soon.

[Jason Stone]

Yeah, anytime soon.

[Unknown Host]

Needs to be like a Venmo system. Yeah, exactly like Venmo. Super easy. Just type in the number or the username. Done.

[Jason Stone]

Yeah. So I don't think bitcoin is going to be like over 100k ever.

[Unknown Host]

Ever.

[Jason Stone]

Ever.

[Unknown Host]

Whoa, that's a bold sale.

[Jason Stone]

Ever.

[Unknown Host]

You're gonna get some heat for that.

[Jason Stone]

I might, yeah.

[Unknown Host]

It's down to like 55 today.

[Jason Stone]

I think 100k is the ceiling. I don't know, because the miners don't give a about holding it.

[Unknown Host]

They're just dumping as soon as they.

[Jason Stone]

Get a batch and then. And then how much more bitcoin can be mined a lot. There's a 10 more years of bitcoin mining. Miners don't care about it. They just want to make money and they convert their money into US dollars or something safer. Crypto. So in Ethereum is like the gateway to all the scam coins, right?

[Unknown Host]

Yeah.

[Jason Stone]

How many people have been burned with crypto scam coins? Meme coins.

[Unknown Host]

Yeah. Ethereum and Solana are like the gateways to that. Yeah, it's pretty bad.

[Jason Stone]

So I don't know. I'm not pro crypto anymore.

[Unknown Host]

It's good. Good conversation because I was deep. Yeah. Yeah.

[Jason Stone]

For me to switch. I don't know.

[Unknown Host]

No, I am. But someone in your shoes that's making this cash flow with algorithmic trading. I could see why you like that more.

[Jason Stone]

Yeah.

[Unknown Host]

You know what I mean? Yeah.

[Jason Stone]

I mean I pulled it out. Like, do you think bitcoin's going to double anytime soon? I can dump my money in my algorithm in seven months.

[Unknown Host]

Exactly. And you know, it's got a three year track record. You don't know if crypto is going to go up or down. Super volatile. So I'd. I could see why you rather have 100k in a trader than 100k in bitcoin.

[Jason Stone]

Yeah.

[Unknown Host]

Yeah, that makes sense. Any other investments you're doing right now?

[Jason Stone]

I do a little real estate here and there, but nothing to brag about, investment wise. No, that's. That's it.

[Unknown Host]

Just. Just the traders mainly.

[Jason Stone]

Yeah.

[Unknown Host]

Do you want to raise money for that? Is that the goal? Like turn it into a fund?

[Jason Stone]

Yeah, we're going to plan on making a fund out of it. We plan on having a US regulated algorithm that will work on 50 to 1. Modifying our current algorithm to works on 50 to 1 margin. And then US clients can feel safe putting their money into US regulated brokers. That's the goal. And then we can create a fund out of that.

[Unknown Host]

Right now I don't trust any brokers in forex.

[Jason Stone]

Boom.

[Unknown Host]

It's so hard outside the U.S. yeah.

[Jason Stone]

There'S like five big ones in the.

[Unknown Host]

U.S. yeah, outside the U.S. i mean. Cuz that country could just take your money, you know what I mean?

[Jason Stone]

Yeah. We found a good batch of them in Australia.

[Unknown Host]

See, Australia is a pretty reputable country, but a lot of the brokers are in some country you never heard of some island. You know what I mean?

[Jason Stone]

Yeah. The US clients will actually get onboarded through a license through svg, which is the Virgin Grenadines Virgin Islands over there. So it's not technically licensed. Under Australian ASIC licensing. So it's like a loophole.

[Unknown Host]

Yeah, that makes sense. And some of the brokers fake their trades too. Have you seen that?

[Jason Stone]

That was with MT4.

[Unknown Host]

Right.

[Jason Stone]

That's why the U.S. i think the U.S. doesn't want any U.S. clients on using MT4. Because you know how everybody used years ago, these MLM companies with the Forex, they post their screenshots of all these MT4 and like, everybody got burned. All these manual traders got burned. So I think the US just doesn't want this, this MT4 software in the hands of any US client.

[Unknown Host]

Yeah, I was upset when they banned it, but now I see why. Yeah, everyone lost their money on that. That app because you could just fake the trade.

[Jason Stone]

So. Yeah, it's a Russian company. And if you're. If you know the broker you're working with, you could just fake everything. Fake every single trade going through MP4.

[Unknown Host]

Damn.

[Jason Stone]

And that's how we got burned on one of those companies.

[Unknown Host]

Yeah. One of the traders we were in, none of the trades were real. They got people for years on that one.

[Jason Stone]

Yeah.

[Unknown Host]

Jeez. Some of these scams, man, being in Miami, you're probably used to it. Yeah, A lot of intricate scams out here, right?

[Jason Stone]

Oh, more in Dubai, probably. But yeah, the Miami scam life is real.

[Unknown Host]

You can feel their energy, though. You know what I mean?

[Jason Stone]

Yeah.

[Unknown Host]

You walk in a room and just talk to people. You're like, all right. It's kind of weird.

[Jason Stone]

Just commission breath for the sale.

[Unknown Host]

You still doing networking events and stuff?

[Jason Stone]

No, not really.

[Unknown Host]

Yeah, I haven't seen you out too much, actually.

[Jason Stone]

Laying low. I've kind of stepped away from, like, the speaking, the networking events a little bit.

[Unknown Host]

Was that by choice or just kind of?

[Jason Stone]

Yeah, because, you know, I've did network marketing before. I did it once. I'll never do that again.

[Unknown Host]

Wasn't for you.

[Jason Stone]

Definitely wasn't for me.

[Unknown Host]

Yeah.

[Jason Stone]

Yeah. My wife still does it a little bit.

[Unknown Host]

It doesn't feel like the incentives are aligned. I like businesses where it's a win. Win.

[Jason Stone]

Yeah.

[Unknown Host]

You know what I mean?

[Jason Stone]

It's a lot of work. A lot. A lot of work just to make a little bit.

[Unknown Host]

That's what I'm saying. It's like E Commerce margins are so thin. Like, you could do 10 million in e commerce, make like 200k. What? You know what I mean? You haven't heard this?

[Jason Stone]

No.

[Unknown Host]

Yeah, E Commerce margins are thin, dude.

[Jason Stone]

Really?

[Unknown Host]

Because you got to spend money on marketing the Facebook ads. Product cost went up because of C19 Facebook ads are super expensive now.

[Jason Stone]

Yeah, I've been doing e Commerce for 25 years actually.

[Unknown Host]

Really?

[Jason Stone]

Well, I did it the right way. Like my first business was Treadstone Performance. So we, we make cars go faster.

[Unknown Host]

Okay.

[Jason Stone]

You know the Fast and Furious movies?

[Unknown Host]

Yeah.

[Jason Stone]

So it was like a hobby passion of mine. I was able to turn. I was lucky enough, fortunate enough to turn that into a business when I was in college. And I remember starting my online store and listing my first product. And ebay was big back then, so I was able to capitalize on the ebay. Just like on Amazon blew up. Well, I was one of the first power sellers on ebay selling car parts. So I was able to make. I was doing millions from my parents basement.

[Unknown Host]

Damn. Yeah, and this was 20 years ago, so that's.

[Jason Stone]

Yeah, 20 years.

[Unknown Host]

20 years ago you're doing millions. 20 years ago.

[Jason Stone]

Yeah. So that business is still running strong.

[Unknown Host]

What?

[Jason Stone]

Yeah.

[Unknown Host]

24 years later, we're still selling on ebay?

[Jason Stone]

No. Yeah, we still sell on ebay, but it's not our primary income. But the businesses we. We have thousands of wholesalers worldwide now.

[Unknown Host]

Damn. I didn't even know you were running that.

[Jason Stone]

Yeah, I don't run it, I just own it.

[Unknown Host]

Yeah, I've never seen you talk about that business.

[Jason Stone]

Yeah, I post it here and there, but yeah.

[Unknown Host]

So you're into cars? Pretty heavy.

[Jason Stone]

I like cars, but I don't like cars. Like I used to like making them. Like I used to like wrench them under the hood. Mechanic do all the work myself. I've modified so many cars. I've welded intercoolers.

[Unknown Host]

Holy crap.

[Jason Stone]

Under the car with a wrench. I used to go to junkyards, wrench turbos off of cars. 20 reweather busting my knuckles.

[Unknown Host]

I never knew this side of you, man. Yeah, I thought you were just a little behind the scenes kind of nerdy Instagrammer, you know what I mean?

[Jason Stone]

Gotcha.

[Unknown Host]

That's cool, dude.

[Jason Stone]

So, yeah, let's have the business, the guys run it. Team of like eight, seven, eight guys. And I'm. I'm actually looking to sell it.

[Unknown Host]

Okay. Yeah, now would be a good time because a lot of valuations are going down actually.

[Jason Stone]

Really?

[Unknown Host]

Because of the investment bubble. Yeah. Yeah. You should be able to sell your company for a lot more than now.

[Jason Stone]

Damn. Yeah, I might hire a new M and E firm.

[Unknown Host]

Yeah, I mean we'll see. It might come back. But just so many companies were inflated their valuations. So when they sold it, the companies that bought them never really got value.

[Jason Stone]

Gotcha.

[Unknown Host]

I don't know. You're into Jiu Jitsu, too, right?

[Jason Stone]

Jiu Jitsu, Yeah. I've been doing that for five years. I love it.

[Unknown Host]

Nice. We got Jake Shields coming on right after you.

[Jason Stone]

Who's Jake Shields?

[Unknown Host]

Jiu Jitsu fighter in the ufc.

[Jason Stone]

Oh, really? Oh, yeah. I know Jake Shields. I remember that name.

[Unknown Host]

Yeah.

[Jason Stone]

I don't know. Something about Jiu Jitsu, it's. You can't explain it. Of why people get addicted. It's very hard to explain, but someone just brought up this point the other day. It's like when runners get runners high. I don't. I don't know runners high because I hate running, so I'd rather get my cardio in the gym. Jiu Jitsu. And I'm like, I'm a competitive person because some of my friends, I bring them there and they're like, this is not for me. I don't want to. I don't want to fight. Like, stop fighting. It's like. It's more about, like, it's a puzzle that you'll never solve.

[Unknown Host]

Yeah.

[Jason Stone]

It's. It's constantly evolving of learning techniques, and it's so cool when you learn a technique and then you apply it. When you're live sparring, it feels so good to learn something new.

[Unknown Host]

Yeah.

[Jason Stone]

I don't know how to explain it.

[Unknown Host]

Do you take on actual fights or you just are.

[Jason Stone]

So every Monday, Wednesday, we actually spar for. We have beginners class, intermediate class, and then about 30, 45 minutes of sparring. So you just start standing up, and it's like. It's like a match. You can. You're gonna. You can either go hard or you can flow. I find myself always wanting to win.

[Unknown Host]

Yeah.

[Jason Stone]

Because I'm a competitive, so I do competitions every month or two. I'll go to a competition.

[Unknown Host]

Oh, nice. You're nice.

[Jason Stone]

I have, like 30, 40 medals already.

[Unknown Host]

Holy crap. I got to check out some footage of you, man.

[Jason Stone]

Yeah, it's on my personal Instagram page. Yeah.

[Unknown Host]

Do you recommend people develop some sort of fight skill in general?

[Jason Stone]

I definitely would recommend. If you're a parent and you have kids, put your kids in Jiu Jitsu. What good is. I mean, unless someone's going to go for professional sports, what good is learning a skill of a ball, throwing a ball up and down the field? What is that going to do for you? It's going to do. I mean, you may be able to get in shape, but, like, this is a skill that you will learn and have for life. You want to Protect your family. You want to feel confident. You want to walk around into a bar and feel confident that you know, you know how to de. Escalate situations. Not escalate situations because you know how to fight. Yes. You can break someone's arm, choke someone out. But now most people, when they get into situations at the bar or they're about to get into a fight, the adrenaline kicks in and they don't know how to control it. They either get scared, fight or flight. And then when they're ready to fight, they don't know what the fuck they're doing.

[Unknown Host]

Right.

[Jason Stone]

Like, like, if you ever get grabbed by someone who knows Jiu jitsu, you're done.

[Unknown Host]

It's that quick.

[Jason Stone]

Especially if they're black belt. Wow, you're done.

[Unknown Host]

Are you a black belt?

[Jason Stone]

No, I just got my purple belt. Oh, not in my purple belt.

[Unknown Host]

Okay.

[Jason Stone]

Five years. It usually takes about 10 to 12 years to get black.

[Unknown Host]

Holy crap. Yeah, it's that intense.

[Jason Stone]

It's. It's one of those martial arts that takes a long time to learn.

[Unknown Host]

Dude. Because I used to take karate, I feel like it was way easier to get black belt in karate.

[Jason Stone]

Yeah, it is.

[Unknown Host]

I was already blue belt in like fifth grade or something.

[Jason Stone]

Yeah, it takes a long time.

[Unknown Host]

Wow. And what's the test like? Is it. Do you have to be a black belt person?

[Jason Stone]

No, it's not about testing and beating somebody. It's just about learning the moves, learning different moves, applying them. And there's. It just takes so long to learn. Like, it literally takes 10 years.

[Unknown Host]

Damn.

[Jason Stone]

To learn everything there is to know about it and be good at it.

[Unknown Host]

You gotta do a pay per view with you and Alex Becker. He does Jiu Jitsu. Yeah.

[Jason Stone]

What belt is he?

[Unknown Host]

I don't know, but he posts on Facebook all the time.

[Jason Stone]

Really?

[Unknown Host]

Yeah. I would watch that much.

[Jason Stone]

I gotta follow, man. Did you post on Instagram still?

[Unknown Host]

No, he hates Instagram. Yeah, he's just on Facebook. One of those.

[Jason Stone]

Yeah, I don't use Facebook at all.

[Unknown Host]

I don't either, but I'll go on like once a month and I'll see him post like three paragraphs.

[Jason Stone]

Hmm.

[Unknown Host]

There's. There's some clients on Facebook, but it's just really not really my.

[Jason Stone]

Yeah, I love it. So I opened a gym with my professor.

[Unknown Host]

Oh, nice.

[Jason Stone]

Yeah, so about a year ago, he was looking to. He was like, in between gyms, he was running his business, like a local gym, his condo, a studio. And never really had a. Like he had a falling out with his past partners and I was training with him where everyone. I followed him, we trained, and I was looking for office space at the time. I'm like, why don't I put my office? We get a gym, we go 50. 50. You get the gym. I use your name in the gym. I help you market it. He's good at what he does. He trained with the Gracie. He's a fifth degree black belt. His professor was Ryan Gracie, and he's probably one of the best in Miami.

[Unknown Host]

Ryan Gracie?

[Jason Stone]

No, professor, actually. Ryan Gracie passed away. So Professor Arashiro Guillermo. He's actually a real estate agent. So he was trying to find me properties from my office. We went into business together. So that's been a money pit, to say the least. I thought it was gonna be very easy. You're starting that business. Like, people are all gonna come to my Jiu Jitsu gym. I'll get proponent to my social media.

[Unknown Host]

Easy peasy business, dude.

[Jason Stone]

Bro, we are still not breaking even, dude.

[Unknown Host]

Gyms are tough.

[Jason Stone]

My rent is like seven grand a month in the heart of Wynwood.

[Unknown Host]

Holy crap.

[Jason Stone]

And we the people come and then they go. I don't know.

[Unknown Host]

Yeah, slowly, slowly.

[Jason Stone]

Like, we're almost breaking even.

[Unknown Host]

I feel that gyms are just. You got to put up so much capital.

[Jason Stone]

I'm already 100k in debt.

[Unknown Host]

Yeah. For the equipment and stuff and then.

[Jason Stone]

Yeah.

[Unknown Host]

Yeah. It's a tough model. I'm not a fan of most retail models, to be honest, because we could just make money on the Internet, like.

[Jason Stone]

Thing is, I'm doing it for a passion, though.

[Unknown Host]

Yeah.

[Jason Stone]

I'm not doing the gym to make money. And if it loses more money for the next year, I'm okay with it.

[Unknown Host]

You just want to give back.

[Jason Stone]

Yeah. I love bringing people in. Hey, you know, you want to come talk to me? You want to come meet me? You want to learn something? You want to learn a great skill? Not just about. It's not about me. It's about helping people out.

[Unknown Host]

Right.

[Jason Stone]

And giving them an amazing skill that they're going to use for life.

[Unknown Host]

Yeah. That's a cool two in one, though. Get a little business advice and then. Yeah, jujitsu advice. Yeah.

[Jason Stone]

The people. Oh, go for coffee. Can I pick your brain? I'm like, come train Jiu Jitsu. Don't talk to me. Come train Jiu Jitsu.

[Unknown Host]

I don't like the pick your brain line, dude. That gives me, like, goosebumps. Like, why do people think that's a cool thing?

[Jason Stone]

I don't know. Can I buy you coffee? I'm like an hour of my time is not worth your $5 coffee or.

[Unknown Host]

Like, want to get lunch?

[Jason Stone]

I'm like, all you got to do is spend $220 to buy a membership. You can talk to me all you want because I kick your ass.

[Unknown Host]

I love that. Have you ever had to use these skills on the. On the streets?

[Jason Stone]

Not yet.

[Unknown Host]

Okay, that's good.

[Jason Stone]

No, but I am a hell a lot more confident just in speaking if something were to happen.

[Unknown Host]

Yeah.

[Jason Stone]

Like I've gotten like some confrontations before that. Five years ago, I would have been scared. Now I'm not scared anymore, you know?

[Unknown Host]

Yeah, that's a good just mentality to have. You could walk in any room with that confidence because people can feel that energy. Yeah.

[Jason Stone]

Especially if something happens. Like, you know, people always want to test you, you know?

[Unknown Host]

Yeah. Yeah. Especially out here. You're a target, man.

[Jason Stone]

You just. You just learn how to calmly de escalate situations, knowing. And I can fucking kill you right now.

[Unknown Host]

What would be your move if you wanted to kill someone?

[Jason Stone]

Get to the back. Yeah, get to the back and then rear neck. A joke.

[Unknown Host]

Yeah. Yeah. Cuz you're not getting out of that. Right.

[Jason Stone]

Once you get. Once I get your back is your. It's game over.

[Unknown Host]

Wow.

[Jason Stone]

Yeah.

[Unknown Host]

Damn. The whole thing with Jiu Jitsu is to get you on the ground, right?

[Jason Stone]

Yeah.

[Unknown Host]

And that's to kind of grappling, stop your movement.

[Jason Stone]

Yeah. An arm bar. Arm bar. Subdue somebody. You can break someone's arm very easily.

[Unknown Host]

Have you done that?

[Jason Stone]

No.

[Unknown Host]

Jeez. I've seen YouTube videos of competitions where some people won't tap out.

[Jason Stone]

Yeah.

[Unknown Host]

And then fucking snap.

[Jason Stone]

My arm's hurting right now. Professor got me a couple arm bars last week.

[Unknown Host]

Jeez. There. It's been fun. Where can people learn more about you and potentially invest in the fund and everything?

[Jason Stone]

So Effing Capital IO is algorithmic trading. Millmentor.com is the blog. And if you want to get a hold of me on my personal Instagram because Millionaire mentor is down. Jason double underscore stone.

[Unknown Host]

And if you could get his Instagram back, guys, he's got 30k waiting for you. There we go. We'll link it below. Thanks for coming on. Peace.

[Jason Stone]

Thank you for having me.