Ian (4:13)

It's a terrible feeling. It really is. It's a, it's a terrible feeling for.

Rashad (4:17)

It to go down and then go where you knew it was going to go. Oh my God.

Ian (4:22)

Yeah, it's tough. I, I think that's why a part of that plan we always talk about having a plan is figure out what that threshold is. I know some people don't have a strong threshold, so it might be a 20 pullback, but especially when you're talking about equities, that's a, I mean, that's a correction, right? Yeah, we talk about futures and options. That could be, that's a bl.

Matt Rogers (4:44)

Yeah, right.

Ian (4:45)

Like that, that could be in five minutes. And so you got to take that into account how volatile that these, these assets move or these derivatives move. And so 20, it feels like, all right, depending on the company, that feels like it's safe. But you know, like I've said, I, I've. Depending on the company, Nvidia, I've, I've done, I've taken a stop loss off because I understand the company, I understand how the market moves, I understand the long term vision for it, which is why we always buy time. So if you don't have time in you, right, and you're having these, you're gonna lose out. So putting that there I I like and I know Ian you we've gone back and forth when I'm doing an option call 30 to 40% I feel like is is a safe space now depend like I said depending on the company that'll change the company. Yeah probably micro I've changed that for Microsoft I've changed that for but like super Micro.

Matt Rogers (5:41)

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Rashad (8:32)

Ah, there.

Matt Rogers (8:35)

The last one. Enjoy a Coca Cola for a pause that refreshes.

Ian (8:43)

Right. Once it hits a threshold. I gotta go. Yeah, I gotta go. I don't love. Right. I'm not in love with, with the, the option trade. Right. It makes sense. And I feel like it can make money, but if it's not making money, then there's like, there's another opportunity where we can put that capital. So have a plan. Before you enter any position, we can say it, but most people still don't do it. Right. Like we talked about, our close friend made money and now it's trying to figure out, what should I do?

Rashad (9:11)

You have to know the exit.

Ian (9:13)

You gotta have a planter.

Rashad (9:14)

Yep. Because you can't figure out how to assemble a plane on the way down. I know they love to say that in Silicon Valley. Like, figure out how to build a plane on the way down. It doesn't work that way in real life. You don't crash out every time. And also too, even with the, the asset they were trading, the ES Mini, the S P500, I'm like, if you knew the market was falling, why have such a tight stop? And we've been falling. But it's fear. It's fear. A lot of it is not knowing your entry, not knowing your exit when you're going to profit. And then the other part that isn't talked about enough is you're doing so many different things. And when you're trading, you end up getting confused on how this is going to pan out. That's why I say trade one way in, one way out all the time. So you can have a huge data set to know what the outcome is going to be.

Ian (9:59)

Is. There's that psychology. We were like talking about it before, but it's that psychology. The, the fear comes because of the lack of education and experience, which is understandable. What, what is the other side of that? When you see people win. Right. Like, if you're in, like you're watching people, especially when you watch people on social media, it's like, man, they've had percentage gains. They've had percentage gains. Psychologically, do you think that works as a detriment or is it more advantageous to say, oh, I should be involved. I often, like, wonder, like how people view that.

Rashad (10:31)

Maybe both. Rashad, what you think?

Ian (10:34)

Yeah, for sure.

Rashad (10:35)

I think it psychologically definitely plays a part as far as investing is concerned because no one wants to lose money and then no one wants to have somebody make more money than them.

Ian (10:46)

So It's a catch 22 because, yeah.

Rashad (10:48)

You don't want to lose money, but then the risk of making money.

Matt Rogers (10:53)

So you, you constantly kind of, you.

Rashad (10:55)

Know, run your own race. Yep. Yeah. Keep your eyes on your own paper.

Ian (11:02)

I think that that's a bar right there. The risk of making money. Like you already said, the risk of making money, which is like, damn, that just sounded crazy just now. But like, that's what we're at.

Rashad (11:15)

Because you're seeing other people post their games but not always their losses. And on top of that, when you start to have too much comparison, that's when the FOMO and the over trading and the over leveraging really kicks in. It really kicks in. Just focus on your race.

Matt Rogers (11:34)

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