0:02

Balance and overload. Let's see what we can do here. Alright?

0:06

Rock and roll. Rebel Traders takes you

0:09

inside the world of 2 underground master traders who take an

0:13

entertaining and contrarian look at the markets to cut through the noise

0:17

of Wall Street and help you navigate the trading minefield. Together,

0:21

Sean Donahoe and Phil Newton are on a mission to give you the unfair

0:24

advantage of a rebel trader. And now, here are your hosts,

0:28

Sean Donahoe and mister Phil Newton. Hey. Hey. Hey, ladies and

0:32

gentlemen. We are back in black. Well, actually, I'm in blue. He's in black for

0:36

a change, which is a a plan, yes, if you're

0:39

watching us on the media version. We are, you know, we are

0:43

experimenting with this in color vision. Yeah. Exactly. Back

0:47

in the black and white days. You know? But, yeah, we are catching

0:50

up with technology. We are deciding, okay. Let's set up just doing the audio podcast.

0:54

Let's do a little bit of video. So I'm sat here with my evening. We

0:58

actually both delayed the start of the recording of this podcast. I'm like, go put

1:01

the kettle on just to show just how Britain it's your evening and my

1:05

mornings. So this is the start of my day. This is kind of like your

1:08

winding down. Winding down. Absolutely. Lutely. So I

1:12

wanna dive right in of Scottish cocoa, isn't it? Yeah.

1:15

Basically. Yeah. Just a little tart of whiskey, and I'm good to go. So,

1:19

yeah, we've been doing this series about 12 different, yeah, the 12

1:23

rules of Rebel Trading where we've kind of been doing this kind of, series version

1:26

of our podcast. And today, we wanna talk about bala the balancing

1:30

awareness and overload. And it's a little bit of a tightrope sometimes. I

1:33

mean, you know, funnily enough today, we got Fed announcements. The markets this

1:37

week have been on, well, let's just say they've been hesitant.

1:41

They haven't really made any definitive,

1:45

moves one way or the other. You know, start the day where we've been

1:48

looking at has, for the last 3 days of trading,

1:52

been very bloody hesitant. And it's interesting to see how

1:56

the the usually, with the speed of information, we got kind of a lot

1:59

of stuff baked in with expectations. But I

2:03

don't think the the Fed has been very communicative, on

2:07

this one, and everyone's waiting with bated breath

2:11

to see, alright. They're gonna fuck us, or they're gonna fuck us the other way,

2:14

you know, or something like that. You know, how is it gonna swing? Again, I

2:18

don't mean that in the metaphor. They're never gonna fuck us. It's just whether it's

2:21

with lube or without lube. Basically. So, I mean, you know, for traders, especially

2:29

those involved in short terms, trading, staying

2:32

updated is kinda crucial. It's it's very important. You kinda gotta

2:36

have I mean, we don't like listening to the news.

2:40

We don't have that as part of our trading. I certainly used to. I used

2:42

to have my ear to the ground a lot more intently than everything else.

2:46

But having a general awareness doesn't necessarily mean getting

2:50

bogged down in micro events and, you know,

2:54

tedious reports and all the rest of that. So a lot of what we're

2:57

gonna say is how you keep 1 foot in, 1 foot out.

3:01

Okay? How do you keep your ear open without having your ear to the

3:05

ground waiting for every ant fart that may go by on as you're doing

3:08

it? So where do you wanna

3:12

start with this one film? Because there's so many different ways we can take this.

3:15

And I know we're gonna go down Alice's rabbit hole here a little

3:19

bit. But, actually, this Making my eyebrows all

3:23

good. Yeah. So okay. So we're doing some stuff.

3:27

Perhaps a good place to start. What do we do? No one get into what

3:30

could you do? I might be a good place to start. I'm not

3:34

interested in reading company reports. I don't want

3:37

to sift through the minutiae and try and figure out the

3:41

inflections and the suggestions that are written between the

3:45

lines. That's for other people. I made that decision a long time ago and I'm

3:48

okay with it. So it doesn't interest me. But like

3:52

you mentioned before, it does interest you on a personal level. So if

3:56

you're interested on a personal note, I'm not saying don't do it. You can

4:00

do it, But is it relevant to trading? It's not relevant, and I'm not interested.

4:04

So I don't do it. What I am needing to know

4:07

is I when are the events? So we often talk about red flag news with

4:11

our communities. And you know, just know when the important

4:15

potential market moves in today's a an f ymc day, that day.

4:20

So we just need to know when that is so that we don't

4:23

accidentally place a trade that we could be on the wrong side of. So, you

4:26

know, if we have an opportunity that sets up, so we're trading 24 hour futures,

4:31

and there's a trade that sets up, you know, 10 minutes

4:34

before such an announcement occurs, then I

4:38

don't want to step in front of that bus. Most of the time

4:42

with the regular market hours, those red flag news are

4:45

going to be outs anyway. So they're not going to impact the

4:49

stock trade, for example, but you will need to know when earnings events are on

4:53

most brokerage or put a little notice of how you've got earnings on this before

4:56

you actually place a trade. They're pretty smart these days now compared to what we

5:00

had to do where we had to go and kind of flip through an almanac.

5:04

And, you know, find when these events were or potentially were

5:07

so it's just a simple, really like, am

5:11

I placing a trade ahead of the news or go to instant news? If

5:15

I am, am I okay with that? And if I am, then I'm frustrated. And

5:18

if I'm not, if I'm not worried about it, then I can just delay the

5:22

trade for a day. And that is really how I approach this. But as we've

5:25

already suggested, if it does interest you, which is the side of things that churn

5:29

leans on, then you can go deeper, but you've got to

5:33

recognize it's at a personal level. And it shouldn't be

5:36

used for trading if it's not a part of your trading routine. Yeah.

5:40

I'd agree with that. I mean, I certainly used to be that way. Used to

5:43

be. I'm not anymore. I keep a broad

5:46

awareness of key things going on. Broad strokes I've heard,

5:50

Sean. Yeah. There you go. So

5:54

I've swung you over to the dark side. Absolutely. Lutely. No. I I like

5:58

the peace and quiet. I mean, I I used to be in the thick of

6:01

it in, obviously, America and then bombarding you 247. We used

6:05

to have news channels on all the time. And,

6:09

meh, not doing that certainly was a lot less stressful,

6:13

because when you even if you're aware of the constant bombardment and,

6:17

yeah, and the noise, it really does

6:21

have a influence on your stress levels. For example, I'm I'm using one of these

6:25

little aura ring. And I I watch the news,

6:28

and even though I don't think I'm being affected, I can actually

6:32

track the stress levels going up. But pressure is a really weird

6:36

thing. And I'm just like, oh, fuck. Okay.

6:40

I guess it is. And it's because of annoyance at the stuff. Because, again, a

6:44

lot of the mainstream news, I'm not gonna get in tinfoil hat and talk about,

6:47

you know, all the different conspiracy theories. Simple little things like like, I I

6:51

still cast the headline, Sean, but it's you're right. It's simple little things.

6:54

Like, Bitcoin crashes was the headline that I saw

6:58

this week. And in context, it or it's a

7:02

a a slightly deeper retracements in the context of an

7:06

uptrend. But, yeah, talking about Bitcoin. I was looking at and if you look at

7:09

the percentage movements, a 2% for Bitcoin, that's pretty normal for

7:13

Bitcoin, up or down. That's a normal range of movements.

7:16

It's not crashing at all in contexts. And that's the thing that grounds

7:20

my accent. It's like, you'll see, I know what was Nvidia,

7:25

you know, is obviously an explosive movement. Now that's an extreme movements that we've

7:29

seen for this year, because you've got this frothy,

7:33

AI markets, situation going on. So if you have that on

7:36

the flip side, the reverse side, then, yeah, the market's crashing or the

7:40

market's, you know, going to the moon without you or whatever. Well, in

7:44

context is what we want to look at. And that's the type of headline that

7:47

one of us Bitcoin crashes, and it puts a 1 minute chart on you've got

7:51

this giant red bar, from the top of the chart of the

7:54

culture, bring context to even just the the the rest of the

7:58

day or or the last, you know, 4 to 6 weeks. That's what we wanna

8:02

look at. Everything needs to be in context. Absolutely. Absolutely. So

8:05

having an awareness of things like global market trends, key news

8:09

events, sector specific news, if you're involved in, like, you know,

8:12

we're mentioning, NVIDIA there, AMD,

8:16

Marvel. Great example. I've got a Lulu trade on,

8:22

Sean with the intention of trading through earnings. So knowing when that was,

8:26

this is more of an earnings trade, very short term. We did send them with

8:28

Nvidia and we're looking for explosive pop, and just a few

8:32

dollars higher, and then we should get that in the back of the net,

8:36

hopefully. So knowing when these events are

8:39

might just provide a trade opportunity with certain strategies so

8:43

that this is what the intention of training the news with this particular stock.

8:47

Put yourself out there, Sean, will it, or won't it tune in next time, next

8:50

week for the most exciting adventure of will Lulu go

8:54

all the way down? Well, you know, like most gurus out

8:58

there, we can say, well, we believe it will go up, and down

9:02

or sideways, and one way we will be right. I can

9:05

neither confirm or deny that it will move in a particular

9:09

direction. Yeah. Nothing grounds our

9:13

exports now as well. So but keeping up with industry events,

9:16

sector specific news, global market

9:20

trends, for example, there's been a lot of talk about

9:23

the, you know, fed meeting this week and

9:27

everything else. And it's funny because we've got a a big batch of new students

9:31

into our rebel income system. And, you know, I

9:35

they're watching the news like hawks, and there's you know, on the chart,

9:38

he'll post the news. He'll say, you know, it's, you know, opening

9:42

higher or the thrust and it's going the opposite direction. So be aware

9:46

that oftentimes the news is the last to know anything. They're reporting what has

9:49

happened rather than what is or is going to happen

9:53

because no one knows what's going to happen in this. So, again, don't

9:56

let it overwhelm you and create a bias. Again,

10:00

everything in context. It's funny because you're talking

10:03

about, you know, how how this can raise awareness of

10:07

opportunities. We're talking about global

10:10

market trends. I'm in Asia. Okay? I'm in

10:14

Thailand. And what happens here, if I'm

10:18

keeping you kind of just an 8 to ground, what's happening in Asia markets, can

10:21

have a ripple into Europe, can have a ripple into America. Now when I used

10:25

to be based in Texas, first thing I do in the morning is go

10:29

look at what's the global, what's happening in the east.

10:33

And as I'm waking up and and the rest of America's waking up, getting ready

10:36

for the market open in the US because we trade primarily US equities.

10:40

I can use that as a it it basically, can I hear the war

10:44

drums in the distance, and are they getting any bloody closer?

10:48

So it it can be an interesting little thing, but getting bogged down week,

10:52

there was lots of headlines with the the Japanese side of the

10:56

market in Asia, which probably you heard, like, rumblings of Yeah. The

10:59

the wind industry. Just about to go into a recession. They've

11:03

avoided a recession. But then we put it in context. Negative

11:06

news in a strong trend is usually a dip buying

11:10

opportunity. And lo and behold, this time next week, not something we trade, but it's

11:14

just perfect example of, perfect example of a dip buying opportunity. You know, even if you have

11:21

negative news, in context, that can

11:25

provide the opportunity that you're waiting for. You know, it gives you that discounted

11:28

price, the dip, in the context of a trends

11:32

to to hop on board. So it actually, like, everyone was, you know, crying over,

11:36

just swipe Sean's phrase, crying over the windows,

11:39

because of, you know, the the the Japanese headlines, the Nikkei

11:43

markets, you know, is that gonna is that a precursor to the US markets, you

11:47

know, blah blah blah. And the reality is, is no, if you look at

11:50

the price behavior, what what's the money

11:54

flow doing? That's the footprint that we're looking at? What are they doing? Well, they're

11:57

looking at as a debt buying opportunity. And it sprung straight off the 20 paid

12:01

moving average, which is one of our triggers that we look for. And it's straight

12:04

back up to retest the highest. Thank you very much. Absolutely. And it's funny

12:08

because you just mentioned something there that, is,

12:12

and, you know, that thought just went right out my head. I added something really

12:15

intelligent and and specific to say, and then

12:19

gone. Alright. I'll come back to it if it pops back in my head. It

12:22

was right there. I was about to say it, and then it popped off. I

12:25

think, you know, I'm starting to go see now. But, not good

12:29

for a trader, but there you go. Anyway, so how do we

12:33

balance information intake? I mean, we're looking at, you know,

12:37

recognizing that not all news is trade worthy.

12:40

That's one, I think, very, very cool thing, to

12:44

to tap on to that, Sean. If you're brand new, turn it off

12:48

because you don't know yet. I remember what I was gonna say is

12:52

okay. So I said the news is gonna be the last to know. Oh, you

12:56

still have my line on you. Yeah. The best the best news you get is

12:59

on the chart because that's telling you what's happening in real time. The sentiment

13:03

with the money flow and the money moving, that's really the new

13:07

that's my favorite news channel is that tells me the story

13:11

There we go. In context with facts, not opinion.

13:15

It's what is actually happening. It's the Walter

13:19

Cronk guy who's here. So there you go. Reminds me of the the

13:23

Jim Cramer in the indicator. I was listening to something about that's the other week

13:26

as well. Jim Kramer, you know,

13:30

famous for his, market calls.

13:34

And most people, there's actually to the point where there's an

13:38

ETF, an exchange traded fund that fades

13:42

or trades the opposite way to to whatever Jim Cram is

13:46

talking about. So if he's, so if you actually look at his

13:50

last comments on Bitcoin, the Bitcoin, it's going to 0, blah

13:53

blah, whatever he was talking about. He was really heavily negative on it and bashing

13:57

it. 3 days later, that was the start of the the the glorious

14:01

ballroom that you've just seen on it. So there's people that fade his

14:04

comments. You know, he's famous for getting it wrong,

14:08

publicly, getting it wrong. And I think that's the difference. It's I think

14:12

they're also my god. I'm I thought you were winding me

14:15

up. It's actually it's literally good to be true. It's

14:19

looking at it's coming from s j I m. I'm having to pull this

14:23

shit up right now. This is fucking hilarious. Oh my

14:27

god. So that you can trade the, the ETFs

14:31

that fades or trades the opposite. So whatever Jim Cramer is

14:35

heavily, talking on, it's either bullish or bearish, and you can go

14:38

the opposite. And it's a it's a legitimate oops. It's a legitimate

14:42

strategy. Who would have thought? Holy shit.

14:46

Holy shit. I have not seen So this would be

14:50

good, good example of using the news negatively. So I think the point seems

14:54

kind of coming around to which is what I thought you were going to mention,

14:56

Sean, and you didn't say the news is a representation of the general public.

15:00

And the general public is the highest to know everything. Why would you wanna follow

15:04

what the general public's doing? And it

15:08

it followed the the the footprints, the money, you know, and that is

15:12

a representation of what price is doing if price is in a very

15:16

strong uptrend for the last 12 months. Well, you know, what, probably for the next

15:19

2 or 3 weeks, that's going to continue. You know, and that's what

15:23

really what we're interested in is the next 2 to 3 weeks for swing trading,

15:27

we just want to know the next 2, 3 hours, you know, probably by the

15:29

end of the day for our latest income strategy. You know, we don't

15:33

necessarily need Well, I suppose that's a good bridge into

15:37

the next points is the time horizon that we trade,

15:40

It's not important at all, what the macro stuff

15:44

is doing the news, the actual, the things that

15:48

can drive the fundamental analysis, it's not important for our style of

15:52

trading at all. And arguably, if you're not having a

15:55

time horizon, that is a 2 to 3 years long, then you're more

15:59

like Warren Buffett investor type style of trading they don't

16:03

need to look at it at all. And then that comes back to our earlier

16:06

comments was, if you have a general personal interest in doing it,

16:10

look at it, but just be able to separate

16:13

that it's for fun and for

16:17

entertainment purposes, which is why I used to do it. And if you can't separate

16:21

those two things, and it's interfering with your trading choices, which I

16:25

think for most new people, it will interfere with your trade choices.

16:29

Turn it off until you've got that consistency that you

16:32

want. And then you can turn it back on for your entertainment.

16:36

I agree with that. I mean, it's hype and opinion

16:40

and attention. That's the commodity that a lot of these

16:44

are trading. When that starts really affecting your ability

16:48

to trade, your decision analysis, paralysis, and all the rest of it,

16:51

that can become a big problem. And one thing I like to do

16:55

is is just cut through the noise and the bullshit. Just get the the

16:59

headlines. If you if you want an awareness, see if there's anything digging

17:02

in. But, again, do it with the the bullshit filter and

17:06

then put it in context. But, yeah, for the most part, I'll turn it

17:09

off. If if if there's something worth listening to, I'll probably

17:13

hear about it in social media somewhere because everyone's gonna be

17:17

talking about it. That one might raise its head up enough, to be

17:20

interested. Like, for example, Jake Paul,

17:24

Mike Tyson. Everyone was talking about that. That's gonna

17:28

be an exclusive Netflix deal. Guess what? I went in and looked at 60?

17:32

63? He's, gonna be 58 at the time of boxing.

17:36

When I get to the I'm sorry. I thought I thought he was a little

17:38

bit older than that athlete. No. I saw a cliff in. He's still got

17:42

it. I would not go up. I they could pay me 20,000,000? I

17:45

would I I would be like Charlie Chaplin in the corner. If you remember that

17:49

old skit where he's dancing around the referee, that that would be me for

17:53

20,000,000. And then I'll I would take 5 in the first

17:56

I don't 10 seconds. I don't want to be in the same room as

18:00

him whatsoever. He's the guy that, does is

18:04

the, what's his name? Does the

18:07

podcast is going to be on Rogan. He was talking about when he was interviewed, he interviewed him

18:14

before, when he, when he he decided not to fight.

18:18

And he's like dead quiet and and not, you know, he's

18:22

very quietly spoken anyways, isn't he Mike Tyson? You know, but he was

18:26

let it go. And, you know, he's also a little bit fudgy compared to

18:29

where he was. Until he starts working out here. He

18:33

came back to him when he went on the show. And he's like, made a

18:36

decision. And he was like, he was it was his highs. I

18:40

just saw it in his eyes. And it was this interview that he and he

18:43

was scared of being in the room with him. He's in the room with him

18:45

for 3 hours talking to him. And he's like a bulldog chewing a

18:49

wasp. And it was that decision that said, I made the decision

18:52

to buy a wider desk because of that interview.

18:57

He yeah. He said that, he said, you know, it reignited his ego, the gods

19:00

of war inside him. Yeah. That's the phrase, though. I couldn't quite remember. And it

19:04

was the look in his eyes. He goes, fuck. He's back. It

19:08

was a spire. You know? And I think that's what that's what you need to

19:12

operate and perform at that level in that arena. And I

19:16

suppose I get it, it sounds like we're talking chat chimes, but it's,

19:19

it's what's relevant. You know, he's probably turned everything off to focus and

19:23

dedicate a 100 percent to becoming an essentially

19:27

an animal again in the ring. Well, my point for saying that

19:31

though was because that was a news thing that everyone was

19:34

talking about, I then went to look at Netflix. It read there

19:38

was a news event like that that raised my awareness to go look at Netflix

19:42

and see if that was impacting, any new trend

19:45

or any potential trading opportunity because it it's

19:49

exclusive of that and everyone's talking about that, is that gonna then

19:53

have a knock on effect? So you can hear news stories or something that's

19:56

viral or something that's really blowing up and then say, okay.

20:00

Is there a trading opportunity in that? So one of the things we talk

20:04

about is nonconventional approaches. And, you know, that taps into the first

20:08

one, which is social media monitoring using, you know, platforms like

20:11

Twitter stroke x or whatever it's gonna be called next week.

20:16

You know, the real time news, you know, for, you know, sentiment,

20:19

what's what maybe is being talked about, like, you know, this Tyson

20:23

thing on Facebook or whatever else is going on

20:27

is yeah. You can tap into these and see what's what

20:30

is making waves, what's making storms. For example,

20:34

we're in election year right now, and, yeah, we've just

20:38

gone through all things like, state of the union,

20:42

Super Tuesday, and all the rest of it. And then you've got all the

20:46

rumblings about Trump and Biden who are looking like they're gonna be going ahead

20:49

to head towards the end of the year and the add to that to that

20:52

to that. And all the I mean, don't get me wrong. I'm not getting into

20:55

all the divisiveness. If not, I'm not going one way or the other. Don't care.

20:57

They're all monkeys at the end of the day. You know, just it's a

21:01

big fucking clown show. But when you start hearing and

21:05

seeing, okay, where's the opportunities? Is there any opportunities for these

21:09

things? Then, yeah, that can be interesting. Another one

21:12

we talked about is I mean, you know, Phil, you were just talking about Joe

21:16

Rogan, but that that kinda taps into another source of nonconventional

21:20

approaches. Well, I was just looking at

21:23

sorry. I I was completely, not paying any attention to.

21:29

I was just looking at my other monitor. Hey, squirrels out the

21:32

window. Okay. I was just sitting on to a little shooting there and had no, I was

21:38

just looking at, I was actually gonna follow on with your election year,

21:42

because if you are interested in these things, then chase and I'll stand the rabbit

21:46

hole as we'd like to call it is you can go, well, election is an

21:49

opportunity in an election year. And then there's there's tools that will allow you to

21:52

assess seasonality. Again, cheap, cheap

21:56

access is a book called the Stock Traders Almanac. And there's various

21:59

iterations of commodities and stuff like that. And you

22:03

can go to that. I think it's about $30, isn't it? But basically it's a

22:06

book of research and they'll update it every year. And there's online versions

22:10

if you want to go that. There's plenty of other tools out there that does

22:13

similar things as well. And, you know, is there an are there

22:16

opportunities in an election year? And you can see the seasonality

22:20

data, that you have. So basically from May

22:24

onwards in, a per the stock market

22:27

performance since 1932 is heavily bullish

22:31

for the following years. And normally, it's selling may go. It's usually

22:35

a flat summer, but in an election year, there is a possible trending

22:38

opportunity, historically speaking on average in

22:42

an election year. So maybe there's an opportunity for, depending on

22:46

your style of choice. Now that doesn't mean there's an automatic opportunity. I

22:50

still want to see my setups there. I'm not going

22:54

to place an automatic trade, but it highlights, maybe there's an opportunity

22:57

instead of scaling down the sheet, maybe I can kind of divert some attention

23:01

to trending opportunities on the run up to the election.

23:05

And, you know, there there's certainly a historical precedence for those

23:09

opportunities. Absa bloody lutely. So, I mean, we're talking

23:13

also, you know, with different nonconventional approaches,

23:16

podcasts and webinars, going looking about what's being talked

23:20

about, events that are coming up. For example, in crypto

23:24

world, we've got the halving event coming up for,

23:28

Bitcoin, in April. And, usually,

23:31

that's a significant run up, which we've already seen with, crypto

23:35

up to this point. Then we have the halving event, and then it usually precedes

23:39

another run as well. So we're seeing a lot of cash being taken out right

23:42

now. But this event coming up, you'll see

23:46

more and more talking people talking about these type of events, and

23:50

then there's all sorts of training or or, you know, analysis on them,

23:54

different seminars, webinars. It's great to get

23:57

some inside information, see what's going on, what other people are talking about. And by

24:01

the way, half of the webinars, you gotta take with a grain of salt and

24:04

and, you know, it's it's what's the reality, what's you know,

24:08

take the facts from the fiction or the, you know, bring a bucket

24:12

of salt or a truckload or whatever you need to.

24:16

Traders, I think if you're gonna go down that that route, just kind of little

24:19

pro tip of webinars, there's plenty of kind

24:23

of YouTube lives that would serve as

24:27

webinars. But if you can do a little bit of research and

24:30

find people who their motivation is,

24:34

they've got a hedge fund, for example. So they're just providing information

24:39

to in to informs investors

24:43

because that's probably what they're using the information for, but it

24:47

also helps the general public make an informed decision on what the market's

24:50

doing. So they're trying to say, hey, here's how we analyze the markets, blah, blah,

24:54

blah, blah, kind of like what we do. You know, we will call out live

24:57

trades as we see them and whenever the opportunities, but again, those hedge fund guys,

25:01

they've got a different motivation. They're not trying to

25:06

do anything nefarious is what I'm trying to get to. So they're just different

25:10

motivations. And sometimes that you can get like, again, think of it like

25:13

peers. You know, we're going to talk about peers again in the future

25:17

where, you know, you can hang around with people like us on a

25:21

podcast. Markets and finding new new information. It's a little

25:33

bit of a prototype finds the hedge fund people that putting out information, because their

25:37

motivation is they're trying to find investors, rather

25:40

than anything nefarious and weird.

25:44

Absolutely. Lutely. You've also got sitting on a Lambo, turn them off,

25:48

you know, look at me in front of my jets. That's usually

25:51

the, the, the, the warning bell looking at money. Look, look at what, look at

25:55

my Lambo, bro. Yes. Good in the corner,

25:58

humping a bag of 100. You know, there's a problem.

26:03

There's a mental people that if you've been in this industry,

26:06

but any length of time, you will know that people do that. Absolutely. Lutely.

26:10

I wish I think as well, I'm just kind of tapping into what you were

26:13

saying, Sean, about podcasts, because I'm usually a podcast,

26:16

avid podcasters. And I don't just listen to trading stuff. I listen to a variety

26:20

of things. But certainly in the business world of the podcast that I'm

26:24

listening to, a I was being

26:28

exploding for about 18 months. And this was kind of before it hit the

26:32

stock markets. So if you had your ear to the ground, which we

26:36

do, then you'll see that there's actually that there's a lot of froth

26:39

and frenzy around AI and it has been around for many, many

26:43

years prior, but just not with the same excitements as we saw

26:47

in the last 18 months or so. And so just,

26:51

you know, if you're aware of this, chase outstand the robot is

26:54

an opportunity. It wasn't immediately

26:58

presence. But then there were certain leaders in the

27:01

the market, the invidious, the AMDs, the microchip sector. And

27:05

that same thing happens with the crypto explosion. The

27:09

same the same companies effectively, had the

27:13

piggyback ride from the crypto excitement several years

27:17

ago, when it became generally popular as opposed

27:20

to just niche popular. So you know, maybe there's opportunities that you can

27:24

find that are temporary opportunity, again, these season seasonal things that we were just

27:28

talking about. So it can be important, I think it's fair to say it can

27:30

be important, but just, you know, on a day to day

27:34

basis, it's usually not important. I like the

27:37

newsletters, the podcast, I get a summary at the end of the week, and I'll

27:40

catch up because I don't need to know on the day what happened. I just

27:43

need to know, hey. Is there anything happened, you know, recently that may

27:47

be of interest to me? I'm just reading the headlines most of the time. Absolutly.

27:51

And you can also set up automatic alerts for key news events.

27:55

There's economic calendars out there. So I know that's on YouTube, isn't it,

27:59

Sean? Yeah. There's a few different few different things you can

28:02

do. You know, one thing I like to do is set up alerts

28:06

for different market conditions. Is there a big

28:09

x happening? You know? Is there a crossover here? Is there a

28:13

this? There is that? You know? So it's not just on what's happening over

28:17

here, you know, in in in Max Headroom world, dating myself

28:21

there by referring to Max Headroom. Although, I've almost got the

28:24

completely bloody, beautiful person. Let me I could I could actually full coach, haven't

28:28

you? Oh, I could I could put myself baby. Neon.

28:32

Yeah. Exactly. And give me the lollipop. It's because I could just put a big

28:35

neon cardboard box on my head and come on here and just do the new

28:38

Max Headroom, the modern version on a budget. But,

28:42

yeah, I mean, the the thing is you can set up automatic alerts. You can

28:45

do all the It is younger younger cousin, modest shelf rooms.

28:50

Yeah. Pretty much modest. Don't think there's anything

28:53

modest about me. No. But with that being said, I think we

28:57

should kinda wrap this up a little bit.

29:01

Look. There's a lot of information, and the speed of information

29:06

these days is extreme. You can drink from

29:09

a fire hose, but where is your capacity

29:13

for noise and filtering or just becoming a sponge? At the end of

29:17

the day, is it helping your training? Is it not? It's a balance.

29:21

Striking a balance between awareness and overload is critical

29:25

because does it really help you with your style and training? If you're like a

29:28

lot of our students right now, who are moving to more of a,

29:32

daily process, then, yeah, red flag news can

29:36

have a big effect if it's coming up or it can, you know, accelerate a

29:40

particular move. If you're in a longer term trends and everything

29:43

else, then is it really gonna make a difference in the long run? You've

29:47

gotta decide where between your flavor of ice cream

29:50

trading, versus did you want that extra sprinkle

29:54

when you weren't expecting it? That's exactly it. So any last words from you

29:58

there? No. I think there's a broad

30:02

spectrum of what you can do. As with all things, finding what

30:06

works for you is often the difficult challenge. If you're at the new rounds

30:09

of spectrum, certainly turn the news off because it's gonna interfere

30:13

with the decision making process. If you must get

30:17

some information about the news and the markets, I would say don't get it from

30:20

the mainstream media. I would actually pay for a data feeds. That is

30:24

just the facts, a Thompson Reuters, you know, style of thing. I

30:28

appreciate I don't know. It's the price point. Those are those are exactly But I'm

30:31

just trying to I'm just trying to give an illustration, Sean. You know, it's just

30:34

the facts without the sensationalism. Because if you think about it, the

30:37

mainstream media, their business model is attention. If it bleeds, it

30:41

leads at Thompson roots roots as model is a client first, you know,

30:45

you're paying for the privilege of just the facts. So they're just presenting

30:49

the, the, the, the boring information. It's up to you to intercept then.

30:52

So I'm just trying to give those 2 ends of the spectrum. So you wanna

30:55

be, you if you must you want to be leaning towards the Thompson roots aside,

30:59

you just the information. And you know, that that is the right

31:02

balance, probably for whatever you're doing. Again, if it's not important to your

31:06

training, again, just turn it off, you know, you're going to be much better

31:10

inside, as Sean was saying, you know, his blood pressure goes right

31:14

down. When he's not watching it. I discovered that for the same reason I don't

31:18

wear a watch. And you know, there's lots of things that I do

31:21

just in life generally. So find your balance,

31:25

chi if you like. And, usually, if you're not sure of the answers, turn it

31:29

off. Absa bloody lovely. Love it. Alright. With that being

31:33

said, rock it up right there. Thank you for your time and

31:36

attention. Treat the fuck on. And

31:40

as always, Phil. To Lou, Trader, see you at the same time next

31:44

time next week. Oh, it's actually a holiday, isn't it, next week? Easter, we get

31:47

long weekends, so we've got a shortened trading week next week, but we will see

31:51

you at the same time next time, next week. Absolutely. Will we?

31:54

Alright. Adios. For more

31:58

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