Hey, I’m Andrew Hales welcome to another edition of chatting with I’m here with Steven ducks. Hello. Thanks for being here Yeah, thank you Let’s see millionaire Yeah, how old are you? 24? Hell? Yeah, a penny stocks mostly Yeah, most of the time I always say micro stocks micro stocks not Necessarily penny stocks. Yeah, what’s the difference? Oh pretty sex is anything that Contains like under one dollar stocks But what I temperature is above 1 so 2 to 10 at that level you it’s kind of a total risk, right? How do you decide what’s worth? Trading.
Okay, so it’s gonna be a Long explanation. It’s like kind of a loaded question. Yeah Can you narrow it down and get a bit more specific? Um So I guess you’re you’re on the market and then you see one that’s three dollars. Why would you buy that? Okay, so my main strategy is more Shorting something stock go down make money Oh shorting it. Yeah, so I’m micro stocks and fundamentally They’re all bad considered to be really really. Yeah, so Typically need money for their non projects Long-term investing. So what they’re looking for is they can Hype up the stock and then that you’re offering or some kind of news So we can gain the money from the investors Then the kind of money to do their long-term investing so people who are lost money is from the people who are buying the stocks that they think they’re going to beat the next Microsoft the next Well, last year was Bitcoin this year was we business right? Yeah, so and those companies are not necessarily really really good and for a company to grow to something like Microsoft or Tesla it takes 10 years 20 years.
It doesn’t take five days. That’s why people are nearly understanding the market and all the extensions Stocks go over a thousand percent in five days. They all come down 50% 70% That’s where I’m aiming for and they always come down 50 for Senior Day. You’re always building up on the Failing. Yeah sometimes I’m yeah, okay, sometimes I go 20% non going on Buying 80% going up waiting on failing. Yes Wow When did you how long you’ve been doing this? Since that was 19. Okay. Yeah. How did you first get into it? You just I don’t know you just opened up an account and went away. No the first that was the looking up on Instagram see people have men bows and stuff. Is that how do you Pray young. Yeah Did you did you initially like do a course or some kind of schooling major is You just taught yourself for? Most of it I improved my strategy so all based informations You can look up on Google any kind of where yeah, then you won’t go in and since I was an engineering major So it’s more about statistics.
Yeah, right. So if I test this pattern for ten thousand times, what’s that? What what is the average winning percentage of this pattern sometime and if I can find? 80% Oh About 80 per second away on this pattern 20% fail if I do it for a year I always win but you still have negative days, right? Yes. I do have a negative days but more obviously more positive days.
Oh Now you thought for a recent couple months. I haven’t had any red month. That’s good at that six month Wow The last six months. Yeah, it’s always been profit. Yeah always been profit. Each month was about 150 thousand, okay? Yeah, some month are three hundred thousand two hundred thousand What’s the most you made in one day one day two hundred thousand two hundred thousand dollars. Yeah How did that happen you Like you put it you put in like I don’t know I feel like you’d have to have like a million dollars right now I don’t even down account What I guess what is the most you trade worth on a given day? I Think powder wise.
Yeah, I mean like Ricky I think he said he only does like 30 or 40 thousand, you know, I don’t do that kind of I am okay. So the psychology behind my strategy is human nature. So let’s say all right, let’s say you You don’t know anything about the market and some friends coming true. Yes, as a friend recommends you to say, okay? I will buy this at this $5, right? All right And the stock instantly dropped you won you’re certainly holding the stocks and you want to sell it because you are dumb money Now what happens when the stock come backs to five in the next five month? And after five month, there’s one day it’s not coming back to five What’s your instant reaction? You want to sell it? Because you don’t want to hold it out long So when you sell you will cause a certain pressure we can cause us any pressure to stock or drop and when you sell also increase the supply and Kind of lose the deep. I lose the demand then The price was taking any drop and many people think like that way Right, then.
I’m betting and am going to short it. Yeah would so yeah, it’s so emotional. Yeah How do you say control your emotions, you know? Study human nature and you use statistics and states never change. Yeah. Thank you mean nature really doesn’t change, huh? Yeah, I see one of your videos says twenty-seven thousand to three million. Yeah, what’s that? What can you just summarize that so I started with twenty thousand twenty seven thousand like savings or yeah Okay savings and then Yes, I did when I losing strike, I’m not a perfect trader But uh, I You have worked really really hard about it ten dollars a day Ten hours. Yeah to notice before consistent you like. What does that mean working? Like you’re you’re on some software and yoga and you’re seeing like the I don’t know. Okay, so First you wanna test your strategies you want to make all the spreadsheets. You want to test all kind of strategy to see Welcome to strike at work because there’s a lot of courses out there yeah, they teach you stuff, but they when you want to go test the strategy, they don’t work and Then It’s not real right? So you want to see by yourself.
It is really working Then you try to prefer Say that perfect a strategy. Mmm. So we project that strategy you increase your maximum gain and you? minimize your risk Okay. Well, yeah, it feels like everyone says that yeah, you know minimize your risk blah blah blah, I guess. How is your Technique or strategy different Let me give you a great experience Aim, example your boss like a five when I come back stiff. I they say comebacks 24.8. Okay, and you still go and sell because it’s pretty Cut even oh damn cut insured at four point eight Right. So when the stock hits four point a it’s going to go down and pennies go ahead and go down and I’m risking five Because almost all people are stuck at five Hmm and when they hits five they’re going to sell Because everybody just bought and incident drop so they’re tired holding in the back holding the shares But when it’s at breaks by I’m gonna cut my losses, so I’m only risking Twenty cents. Okay, right. Yeah you but you keep holding it and keep holding it if the set doesn’t break fire But you break so I’m gonna come in losses.
So losing Tony same, okay and if the stock drops and typically a strategy that a hung statistics to drop about twenty six percent so Twenty cents divided by five four point eight where I’m shorting That’s about to 2/4 night and My wrist that my reward will be 26% So that’s how you increase your risk increase minimize risk reward So you take a stock and then you you look at its history and you figure out statistically. Yeah, what its gonna do. Yes, but In actuality no one really knows what it’s gonna do but statistically it’s going to do that, right? Yeah now, what are you doing? Do you have any other businesses? Yeah, I do have a educational business and The purpose of this education videos is to shrink down every single like I’ll say microstock penny stock knowledge into really condensed info so I don’t want to people Like me going through ten places at once trying to figure out looking at strategy works, right? It doesn’t work Yeah and wasting a lot of money, right, right.
Yeah so many courses No, it’s like a trend now for some reason. There’s so many courses on learning stocks. Why would someone join yours, I guess okay All right, here comes the important part. Okay, so I know not a lot of people will think. Okay. Well anybody turns their courses Yeah and blah blah blah blah. The one thing don’t show is their account statements That’s a very very important you have to approve and you have to verify every single one of your trade. Yeah, right. So if you Just talking and the broker doesn’t come out and support you. Okay? Well, this is how much money you made? Yeah, right you don’t show your account statements that prove do you mean that this amount of money you completely public with your statements I can post Statements. Yes Wow overseer It’s live opening countenance, hmm We’re opening you’re Robin Hood where we open our chase.
Yeah, not Robin Hood is terrible broker? No No, that’s what I’ve been using Actual stone means my name mmm. Hope I can put on my driver system or whatever Okay use a net profit right here yeah look down is 243,000 that’s what you meant in January. Yeah In fact Wayne money and somebody’s gotten to this money. Right? So it’s a my hole. It’s like a competition. Yeah It’s in every single industry. Will they stay or anything? Balkans industry it’s all competitions Yeah, and what you want to figure out is so in specific stock market. There’s people dying There’s people shorting Right. So if I can figure it out people who are buying all that mentality and welcome a price is gonna be nervous at Right wouldn’t stop drop through this price. It’s gonna be panic and start cleaning the sell button Okay And they learn from that psychology and the counter strategy them so develop a counter strategy counter to buying people mentality and How did you how do you know they’re good they’re nervous at all, like how is it isn’t that all theoretical in your mind? It’s not it’s the first thing through reticle.
They’re not putting two statistics to prove if it’s gonna work or not. Yeah man Say it becomes a real strategy, right? Yeah, what do you like to do for fun for fun? Ah I used to like cars and in bottle cars don’t like anymore when you had it don’t Do you have a nice car now? You have a Mac Mariette. Good clapping. We’ll see. Yeah, so you’re doing fine now for money Yeah, now you like you sell this course though it that’s for just teaching just for fun.
He’s just like you like teaching Alec teaching for fun and Second I was pissed when I was started. Hmm. I go through so many useless information. Okay, and and Also, I’m only I’m also the one got trapped in those lifestyle courses. Yeah, that talks a bunch of BS Okay. Yeah. All right, so it’s more like Not a favorite my revenge like I’ll say what do people like a mission yeah Okay, here is the condensed information. There you go. Call check out Stephen ducks as info in the description Thanks so much for being here. No problem. Yeah Let us know what you think about all this in the comments and thanks for watching.
I’ll see you next week .
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