Stop Chasing Volatility Before You Get LIQUIDATED

Summary

Earn Your Leisure Podcast Summary

Episode: Stop Chasing Volatility Before You Get LIQUIDATED
Date: March 21, 2026
Hosts: Rashad Bilal & Troy Millings
Podcast: Earn Your Leisure (iHeartPodcasts)

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Episode Overview

This episode of Earn Your Leisure dives deeply into the dangers of chasing market volatility, the critical importance of long-term investing, and the real work required for trading success. The hosts and expert guests provide blunt, actionable advice aimed at helping everyday investors avoid costly mistakes—especially those stemming from trying to profit quickly in highly volatile markets. The message: focus on solid, quality companies, and don’t expect outsized rewards without putting in the necessary years of work.

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Key Discussion Points & Insights

Stop Chasing Volatility: Why Most Lose

• Chasing Volatility Leads to Losses:
  The expert warns listeners not to try to "chase the ramps" seen in volatile markets unless they've truly put in the hours of research, study, and practice.
• Quality Over Hype:
  Investing in well-researched, strong companies is emphasized over following speculative trends or the latest “hot” stocks.

“Stop chasing the volatility and you have nothing to worry about if you buy quality.”
— Trader/Investor Expert 1 [03:40]

• The Illusion of Easy Profits:
  Many want quick rewards but aren’t willing to do the work that top traders do—8-10 hours a day on charts, 300+ practice trades, and constant study.

“You want to be great at trading and you didn’t listen the first time. Take 300 practice trades. Look at the market every day. Rain, sleep, hell, snow, breakup. Somebody mad about your comments. Lock in, okay? Then you can chase volatility.”
— Trader/Investor Expert 1 [04:56]

The Work Behind Trading and Investing

• Years, Not Weeks:
  The experts compare trading success to securing a hard-to-get interview; it can take years of work, not weeks. The market similarly rewards persistent, informed effort.

• Practice & Exposure Matter Most:
  Without a deep track record and continual engagement, most will be “used for liquidity”—being on the wrong side of sharp moves and getting accounts liquidated.

“You’re going to chase this volatility and your broker is going to liquidate your f***ing account. Hold for the long term. I’ll be the bad guy this year.”
— Trader/Investor Expert 1 [06:10]

Long-Term Investing & Psychological Survival

• Stick to Quality Companies:
  Both experts stress choosing firms that are leaders in their sector, understanding the company story, and only adding to positions in strong companies during pullbacks.

• Set Buying Levels and Stay Disciplined:
  Identify key support/resistance levels, don’t panic on downturns, and be opportunistic but disciplined.

“This is why we’re not day trading. What we’ve seen over the past three weeks is a day trader’s market…if you went to sleep Friday and you didn’t pay attention Sunday, you wouldn’t have felt any effects of it at all.”
— Trader/Investor Expert 2 [08:01]

• Managing Emotional Swings:
  Volatility causes fear and second-guessing, but investors committed to quality companies and clear strategies should avoid panicking.

• Learning From Missed Opportunities:
  They discuss examples like Microsoft sitting at key support levels and the need to seize those opportunities if you believe in a stock’s long-term success.

Hard Truths About Rewards and Sacrifice

• No “Easy Bag”:
  The journey to investing or trading consistency comes with costs—sacrifices in relationships and downtime—and few are truly willing to pay them.

“Stop expecting rewards that you did not put in the work for. Everyone wants to crown an achievement or the bag. Do you want the long nights that comes with the bag in the championship though? Most don’t.”
— Trader/Investor Expert 1 [08:55]

• Choose to Be “All In” or “All Out”:
  The closing message: Greatness in markets is a choice and requires true commitment.

“Gotta pick. You either gotta be all in or all out. But hopefully you’ll be—choice is yours.”
— Trader/Investor Expert 1 [09:41]

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Notable Quotes & Memorable Moments

• On risk for the unprepared:
  “If you don’t have the acumen and number of reps to be able to take advantage of it, they’re going to use you for liquidity.”
  — Trader/Investor Expert 1 [04:30]
• On surviving volatility as a long-term investor:
  “If you went to sleep Friday and you didn’t pay attention Sunday, you wouldn’t have felt any effects of it at all.”
  — Trader/Investor Expert 2 [08:03]
• On work ethic:
  “It takes a lot of work. It costs friendships, unfortunately. It costs personal and romantic relationships, unfortunately lock in. The great part is though, it’s an amazing feeling to be able to know where the market’s going to go before most warrior leaders do.”
  — Trader/Investor Expert 1 [09:00]

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Key Timestamps

• 03:40 – 06:16: Dangers of chasing volatility; discipline, practice, and the importance of long-term thinking.
• 06:20 – 09:43: Tactics for long-term investing; practical examples (e.g., Microsoft); the mindset and discipline required to thrive; psychological cost of trading as a profession.

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Summary Flow & Utility

This episode delivers rock-solid, often tough love advice: Most people shouldn’t try to trade short-term volatility—they’ll get hurt unless they make trading an obsessive, all-consuming career. Instead, consistent wealth-building comes from investing in quality companies, weathering market storms, and being ready to seize opportunities when everyone else is fearful. The episode is a must-listen for anyone tempted by the promises of fast gains, providing both the reality check and the roadmap for smarter investing.

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Transcript

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[Trader/Investor Expert 1]

lenovo how can traders and investors take advantage of the volatility that we're seeing in the market? You won't like the answer, but stop chasing the volatility and you have nothing to worry about if you buy quality. Another thing, if you're not putting in work like y' all run this year in terms of interviews and audience, I don't know about none of them, right? They're just working. They're not like, yo, hey, guess what we about to do? For my traders and investors, this is reminds me of 22 so it is lock in season. If you're not putting in eight to 10 hours a day on charts, you can't chase these ramps. You have to hold for the long term. For my traders who are incredibly dedicated, one of my favorite targets I talked about at the mastermind is 523points on the Dow and NASDAQ. But for 90% of people, you shouldn't chase the volatility. It's going to lead to you being chopped as a result. Because if you don't have the acumen and number of reps to be able to take advantage of it, you're they're going to use you for liquidity. And I know it's not the answer that you want, but sometimes safety is the best answer. If you have not put in the work that allows you to get a lion's share of profits. Like I see it all the time. I don't know how long you were in communication with her to get that interview, but I'm sure it didn't happen in two weeks. I've seen people try to interview people that you guys have interviewed and they're like, man, I didn't get an answer after three weeks. I'm like, they've been talking to Magic for five years. It takes time. You want to be great at trading and you didn't listen the first time. Take 300 practice trades. Look at the market every day. Rain, sleep, hell, snow, breakup. Somebody mad about your comments. Lock in, okay? Then you can chase volatility. Until then, invest long term into quality companies. A lot of you are getting chopped because you're chasing companies that don't have any real value. Where's all the talk about Quantum and smci? Shout out to everybody, smci. But there was too much talk last year. You don't know about this one and the Quantum stocks are going to take over. You just keep it good, look at your account now rotate into the shit that matters and hold for a long term. I get tired of telling y', all, yo, hold, hold. I know it's not fun, but you're going to chase this volatility and your broker is going to liquidate your fucking account. Hold for the long term. I'll be the bad guy this year.

[Trader/Investor Expert 2]

Even when they don't like your comments, huh?

[Trader/Investor Expert 1]

Don't matter. Don't matter.

[Trader/Investor Expert 2]

Now I'm with you. I'm with you. And that's why it's important to stress solid companies that you believe in, you understand? And that you're going to be in for a long term. We had a call today, shout out. He called me today and asked me a question and I was like, I didn't even know he was invested in the company. But I was like, look, this is why you prepare, right? And so you have. I know some people use Fibonacci, some people use support and resistance. We see good companies shoot up when they stop pulling back to different retracement levels. This is an opportunity, right? Either we're going to reinvest or when, say, let it come down a little further and we'll get back in. So if it was in options And I got 10 contracts, if it drops down to a price that I like, all right, I might add two to it if it's a strong company, right? We talked about this at the mastermind when we were talking about Microsoft. I'm like, look, how many days am I going to let it sit at its 400 day EMA? Am I just going to let it

[Trader/Investor Expert 1]

sit there and then it takes off and you're upset. Yep. Right.

[Trader/Investor Expert 2]

It was sitting at 393. I'm like, wait, we can't. It's actually trading below the 400 day. I think it was at like 4, 400 at the time. Like we're just going to let it sit here. We understand the story. We understand that this is going to be one of the top two or Three top five for sure companies in the next five years and it's trading at this level. Well, why? And then when we break down the why you understand it. I'm like, oh, okay, yeah, we got to grab this. It hit his point. All right, let's go now we've been over 400 for a week. Let's see if we can keep going. You got to figure out where the levels you're going to buy at. Volatility is tough. Yeah. It's not easy, right. Like when you have these swings, it, it feels like, oh my gosh, the world's coming to end. My account's coming to an end. This is why we're not day trading. This is like what we've seen over the past three weeks is a day traders market.

[Trader/Investor Expert 1]

Absolutely.

[Trader/Investor Expert 2]

Now for those of you that are

[Trader/Investor Expert 1]

locked in what a three weeks has been, but if you went to sleep Friday and you didn't pay attention Sunday, you wouldn't have felt any effects of it at all.

[Trader/Investor Expert 2]

You wouldn't have felt, yeah, we were sitting down. I'm watching the Dow. I think at one point I saw it down 1100. I remember when the NAS, when I went to sleep, the NASDAQ was down 756 points. I said, oh, we're gonna have a lot to talk about tomorrow. And then 9:30 hits and I'm like, something, something's different.

[Trader/Investor Expert 1]

Something's all coming to an agreement with Iran.

[Trader/Investor Expert 2]

It felt some, something of the sorts of. So to watch what transpired over the course of the day was pretty interesting. But yeah, stick to long term investing. Right. Stick to solid companies, top tier companies that lead their sector or lead a niche in their sector. Stay with those.

[Trader/Investor Expert 1]

And my last point, stop expecting rewards that you did not put in the work for everyone wants to crown an achievement or the bag. Do you want the long nights that comes with the bag in the championship though? Most don't. It takes a lot of work to get in these positions that you guys to be able to know it like the back of my hand. It takes a lot of work. It costs friendships, unfortunately. It costs personal and romantic relationships, unfortunately lock in. The great part is though, it's an amazing feeling to be able to know where the market's going to go before most warrior leaders do. Gotta pick. You either gotta be all in or all out. So but hopefully you'll be good choice is yours.

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