The Secret to "Buying the Dip"

0:00One of the biggest mistakes that I've ever seen with traders and investors is trying to time the bottom of the market, trying to buy the dip. And unfortunately, a lot of people get themselves into a lot of trouble. And I want to share with you one of the greatest stocks of all time soon to be considered in the S&P 500. It's the future of finance, bro, so far. Now, looking at so far right here, the important part to remember is that you don't know where the dip is going to end. Right? Just like the rip over here, right? Remember when, so if I had that big beautiful up move, you don't know where the dip is going to end. So there's no sense in throwing capital, any sort of risk into the market. Because remember, all stocks are bad. Every once in a while, they act right. When you see a stock that's dipping down, it is telling you something you need to listen. Instead of trying to put in part your, your, your feelings, your hopes, your prayers, prayers into the market, just shut up and listen to what the market is telling you, right? So you can do that using the outlier trend template. It's free on every platform. You have the 10 EMA, the 20 EMA,

1:01and the 50 EMA. When the 10 is over the 20 prices over the 50, this is a bullish trend. And you can buy the rip because you don't know how high it's going to rip. When the 10 is under the 20 prices under the 50, you don't want to buy the dip because the exact same reason applies. You don't know how far it's going to dip. Now, I know there's a lot of people who bought so far over here. In fact, you can see big volume spikes in multiple times. People trying to buy the dip on SoFi. Here we go, bro, back to the moon. And they're getting monkey hammer today, getting monkey hammer day after day after day. This is also falling into what one of my mentors, not claimed by creators, it's just called the 50 80 rule. 50% of the time, a big high flying stocks like this will fall by 80%. 80% of the time, it'll fall by at least 50%. Now, we're looking at SoFi right here from the very tippity top to today, we're down 41%. You can't tell me that that doesn't hold true because it's happened right here. It's down close to 50%, 41%.

2:01And all the way back here, it fell by 53%, 53% from this high. So what I'm trying to get across here is you don't have to make the same mistakes as everybody else, right? 90% of investors lose 90% of their accounts the first 90 days of trading, trying to find the bottoms just like this. You don't have to do that. Use the train template. Look at what is happening in the market. Stop trying to impart your beliefs, your values, your hopes and prayers and dreams and just say, you know what? Maybe I should listen to the market. Maybe this random guy on the internet with removing averages actually can show you with a mathematical certainty what direction it's going. Doesn't tell you magnitude, doesn't tell you duration because over here, right? It did pop over back and forth a couple of times, both directions. You might make your buck or lose a buck when it gets choppy like this, but you will definitely be making all the bucks when it starts to run and not losing all the bucks when it starts to go the other direction. So today has asked me anything Friday. I have a bunch of questions already lined up and I want to answer is many of them as possible. So Travis says Mark

3:04Minervini mentioned, so for those who don't know, Mark Minervini is a personal friend of mine, actually had him on our YouTube channel yesterday live. The replay will come out just real quick after this at the time of that room recording it. We're doing a champion trader series. So I'm competing in the US investing championship and he has won the US investing championship twice. And so I was thinking, you know what? I should probably learn from a champion what it takes to be stuff. So I had a chance to talk with Mark yesterday, mentioning getting out of a stock once it's acting abnormal. If possible, can you expand on what abnormal means in terms of your trading strategy philosophy? Thanks. I think that's a really great question. And in fact, Mark did he spent more time talking about what abnormal means. And for him, it's in his strategy, right? With his way of making money in the market, if a stock is not doing X, Y, or Z, that's not normal. And as outliers, we like not being normal, but we don't want our stock to be acting not normal, right? If our stock is not doing what we want, we need to move out of the way. So first, it's establishing what does that normal,

4:07that baseline look like? And I think that it really comes down to rather than saying it needs to go X, Y, or Z percent before, you know, X days say, okay, if for any reason at all, and this is why we have a myriad of exit signals. In fact, let me pull those up real quick. This in my opinion is why not Richard Dennis. That's not why. This in my opinion is what it would look like if it's not acting normal. If you get a cell signal, 10, 20-barish cross, run soon and out, lie block, earnings, a gap in crap, or hit your stop out points. That to me is not normal. So if it hits one of these, it's time to go. So don't overcomplicate it. Figure out what the exit signals would be for you, and then that's your answer. If it's not acting right, it might be time to go. Do we really need the 50 EMA? No, but it helps because you've got your 10 EMA, which is short term, your 20 EMA, which is intermediate term, and your 50 EMA, which is longer term. You could break that down to

5:09the 510, 25. Sure, why not? You could cut them all in half by all means. The reason that we do the 10, 20, 50 is for consistency state, right? Figure out whatever moving averages you like and just use those for the rest of time, right? But don't say I'm going to use the 10, the 510, 25 on Monday, and on Tuesday, be like, man, I'm going to use the 10, 20, 50, and then on Wednesday, nah, never mind, I'm going to use the 200 day and the 15 day. Oh, never mind, I'm going to go back to the 510, 25. You can't do that. You got to stick with it and stay with it, right? Because reason being is that you have to have a reason for these changes. You can't just change things willy-nilly. I mean, you can, and that's why a lot of people screw up in the market is because they they have in the trading in the zonebook, the greatest trading psychology book that there ever was written by Mark Douglas. He says, you have unlimited opportunities to do unlimited things in the markets every single day. That is one of those opportunities to do an unlimited thing, which is changing your trading plan willy-nilly. When you change your trading plan, you need to look at it from

6:13two instances, right? First circumstance is, is there actually a flaw on my plan? If there is, maybe changing those moving averages makes sense, but you have to go improve that. You can't just say, oh, I lost on it. I got a flaw on the plan. I need to change everything. No, not not at all. Is there a flaw on the plan or did I just get an unlucky streak, right? Did I just hit an unlucky patch? You need to be able to quantify which of these two things is happening. And then you can build rules to make sure that you don't have those flaws in your plan anymore, but you unfortunately can't build rules about being luckier, unlucky. It's just part of being in the market. YouTube, DC333. Love listening to Chris and Mark yesterday. Wish Mark would have talked a little bit more about his intern exit points. We specifically didn't talk about that. That was intentional. In fact, afterward, we were talking, he said, Chris, thanks for not going into all those little things, like what moving average to use and stuff like that. That was not the point. The point

7:14was to get to the mindset, what does it take to be a champion trader? Because anybody can tell you any moving average, anybody can tell you any exit pointer entry point. The key and you'll hear that in the replay is consistency and discipline. The key is consistency and discipline. And nobody, nobody can teach you consistency and discipline. That is what it takes to be successful in the markets. And Richard Dennis will tell you exactly this to my friend. I always take you published the rules in a newspaper. Nobody would follow them. The key is consistency and discipline. I mentioned that many, many, many times. You need to have the consistency and discipline. So in that case, Mark has many, many videos on YouTube. It's really not that hard to find. Talking about his entry points and exit points. But that wasn't the objective here. My main concern with outlier, what happens when a reversal speed exceeds exit speed? A reversal speed exceeds exit speed. Okay. So it sounds like you don't want to lose. Unfortunately, winning, here's the thing. Fortunately, winning is an unavoidable consequence of trading. Absolutely. Winning is an unavoidable,

8:18unavoidable consequence of trading. But as is losing, as is losing, when you have a plan, whatever that plan is, you must build failure into the equation. You must build the fact that the the trade just didn't work out for you. It's not that you are a failure. It's not that the trade was a failure. Just ended up being a losing trade. There's good trades, bad trades, winning trades and losing trades. A good trade, regardless of it is a winning or losing trade. This one we followed your plan, a bad trade is where you didn't have a plan at all. All right. And in the process of creating a functional trading plan, you must build in losses. So my concern to you, my friend, would be, I don't know if you have a trading plan that has losses built into it. That would be more concerning to me. That would be significantly more concerning to me. It's Mark Minervini on YouTube. It will be very, very soon. Does the outlier algo include volume on the fear and greed, cell signals, etc. Is it merely price up versus

9:19down there? So I can tell you one thing. It does not just include the trends. It does not just include the price. It includes a lot of things. In fact, this is my slide. Outlier monitors how investors are reacting to changing market conditions, news, price movements and the economy. It goes way deeper than what it's the price doing. Outlier determines if investors are acting rationally fearful or greedy and by how much. Outlier gives buy and sell signals when these irrational behaviors reach an extreme. And I like showing this to you guys. Everything's got a cell signal today. I like showing this to you guys. Let's go to Texas Roadhouse. I only discovered Texas Roadhouse was a stock yesterday. So I'm so stoked about that. The trends change, the trends change, but that doesn't necessarily impact the buyer's cell signal. But what you're looking for are the changes in the fear and greed. When the stock is getting more greedy, you can ride that dude up like crazy. Where there's that buy signal, where it's stopped getting fearful, started to get a little bit more greedy, and then boom, rocket ships from here. That's what you're looking for. You want to find, and in fact, when I was showing this to

10:23market yesterday, he would really appreciate it how the way that it works. We're trying to find the greediest stocks in the greedy sectors when they're getting greedy and the market's getting more greedy. That's what you're looking for. You want everybody to be screaming. Hey, I want to buy the stock regardless of price. But then there's going to be a time where all those people stop being greedy and start being fearful. Okay, Enoch, my friend. Of course, I've seen Marx rules. Everybody has to make their own rules and then trade those rules. Now, Enoch, Enoch's rules are going to be different than my rules. And that's fine. And in fact, I don't want Enoch's rules to be the same as my rules because I wouldn't be able to trade Enoch's plan. Enoch wouldn't be able to trade my plan. So for that reason, of course, I've seen this rules. Who hasn't seen his rules? They're on the internet all over the place. Come up with your own plan and trade that, don't trade that plan because nobody's going to make a plan good enough for you as you did. What timeframe to use for your long-term retirement accounts? 17 days.

11:29Probably it's not the answer you're looking for, right? But as a high net worth individual, right, you're going to have things all over the place, right? I have investments in real estate. I have investments in an outlier and I have investments in the stock market. But those investments in the stock market, all stocks are bad every once in a while. They act right. So I'm not putting anything in the market long-term because all stocks are bad. All of them are bad. Everyone wants to know they act right. That is my answer. I don't have a long-term portfolio. I have a portfolio of stocks that are working when I set up and I get in and I get out. However long it takes. Mike, Mike, the market maker says, what did Mark mean by having a mirror account at another brokerage? Dude, I was so glad he mentioned that. That is one of those life hacks that I've heard about but I hadn't ever used. So for example, let's say you're trading around numbers here. Let's say you're trading a million dollars in your normal account. Let's say you can't access your normal account. Let's say Amazon Web Services goes down and you cannot access your account. That has happened late last year that Amazon Web Services went down and

12:30it took down a lot of a lot of the internet, including Trader. I tried to do things in Trader that day and I was saying at the time, man, if I didn't have, if I had money at risk, I would be pretty pissed right now. So that mirror account is exactly for that purpose. If you're long as stock and you can't do anything in that brokerage, you're completely locked out for one reason or another, you can then take an opposite position to offset whatever risk is happening, which actually is a really good idea. Plus, if you're looking for SIPC or FDIC insurance, that helps with that as well. Would you be good enough? I'll never be good enough, Valley Timber. It's Tim, right? I think it's Tim. To show how you use the measuring tool and trading view. Oh, it's so easy. It's actually super duper easy. So I have a little set of favorites down here that I use for basically everything. I think it comes from here.

13:35Where's it here? Is it here? No. Here, forecasting measurement tools, date and price range. So I made that a favorite of mine and it's super simple. You just click it and this tool will actually stick on there for as long as you want. Or I learned this not too long ago. This is a really solid, really solid pro tip. You can hit the shift key and then click and drag. And that'll show you why if you click off, it clicks off. So there's two different ways to do it, my friend. You, Jerome Dave, in my 401k, I cannot trade options. I like plain ETF. How do I handle downturns? Okay, so plain ETF is meant to be long only. plain ETF does not have any sort of short setups. Plain ETF uses TQQQ and SPXL. And this is what it looks like given over five years. It's unbelievable, like legitimately unbelievable. 1100% returns in five years just on TQQQ,

14:36not even including SPXL. If the market is not cooperating, you don't have to go short. Not at all. If the market is not setting up for you, which it's not right now for me, that's your answer. That's your answer. Is it exciting? No. Trading is not meant to be exciting. Trading is meant to be boring AF. If trading is exciting, you're doing it wrong. But if you don't see what you need to set up, you need to sit and cash as long as it takes and don't f up your portfolio. Don't f up your portfolio. So that's my answer, my friend. Can you go short by all means? But I don't have a trading plan built around going short. My trading plan is built on sitting in cash. I don't screw up anything. Was I able to sleep last night after the excitement of Mark's interview? I actually woke up at 2.45 this morning texting routes because routes was adding it overnight. And I said, I was giving her some different editing instructions. I spent, geez, I spent probably an hour and a half reviewing the video footage, making sure that that it was the way I wanted it to. So no, I didn't really sleep well overnight.

15:41When rolling, do you reset with the new ATR? Keep the original ATR and why? ATRs generally don't change all that much in the life cycle of a trade. Let's go to, we'll go to a couple of like Enium. This one was a great stock for us. And then Stupid Silver came back, but I think I still made about 40% on it, right? ATR at the original entry point was about $3.99, $4. ATR at the exit point was $5.93. So it actually did increase quite a bit. But for me, I set my ATR points, my movement points at origin. Now can you change it? Yeah, you totally can. But generally, over the 17-day period, you're not going to see, I should say generally, right? Silver didn't ever have a 30% sell-off like that since Judas betrayed Jesus for 30 pieces of silver. That's the last time I'd ever had a 30% sell-off. Generally, within 17 days, not much is going to happen, not much is going to happen. So I don't really change it that much. Cam, what's up, dude? A while back, you're talking about possible sector ETF plan. Oh, yes. That is very much happening. It is very, very, very much happening.

16:46I can't tell you when, but I know Mark, Archive Strategist. This is how he trades. A sector ETF rotation is basically. So the answer is yes. I just can't tell you when it's coming. By the way, one of the things that we're working on is a strategy library. So if you have a back tested strategy that we can actually replicate and show it has a positive edge, we do want to work with you and put it inside of outlier. It is going to be really cool. And then once it's inside of outlier, people can subscribe to it if they choose to and be easy button type stuff, right? Hey, I want to see you playing him. Nothing happening today. I'm out. So easy. Hey, I want to see plan plan cam, right? One easy button. Nothing there. Cool. I'm out. I want to see plan X, Y or Z. It sets up. You're good to go. So I'm very excited about that. That's going to be really cool. That is coming. I just can't tell you when. So Minervini's plan is quite different to your plan. Is it though? Is it though? What's so different about it? What's so different about it? We're both

17:55trying to buy stocks that are moving like crazy. That is the answer. I don't think it's all that different at all. We have different pieces of the puzzle, but we're still trying to put the same puzzle together. Does the golden rule of leverage apply and work the same way trading shares or options? So the golden rule of leverage for those who don't know is never put yourself in a situation. Here we go. Never put yourself in a situation where you can lose more than you can make. Generally, that occurs with selling options. If you're buying options, you really can't put yourself in that situation because you have a capped downside and unlimited upside asymmetric risk return here. Putting yourself in a situation where you can lose more than you can make with stock really comes down to not taking your exits when it comes when it comes. In fact, I saw one comment not too long ago. They were mad. They were big mad. They were down big on Microsoft. They're like, hey, how about instead of making fun of people who are still holding Microsoft? You tell me what to do.

18:56Should I sell? Should I sell at this point? My answer to that. And it will always be, hey, whatever I tell you, I'm going to be wrong. If I tell you this time to sell, it's going to go right back up. If I tell you to hold, it's going to go straight down. So I'm not going to tell you to buy yourself. What I am going to tell you to do is follow your plan, assuming you had a plan because if you had a plan, you would have known where to get out in the first place. If you're sitting on a huge nasty scary downtrend in Microsoft right now, who's to say that it can't be even worse, that it can't get even worse. Because right now, the trend is going down. But also, who's to say this isn't the very bottom? It's going to go straight up. You know, it'll go back up to $500 here in about 28 minutes. I don't know. But I do know one thing. If I'm getting in the market, I know exactly where I'm going to get out before I even get in. And I would encourage you to do the same. Gosh, what's up? We need to watch Friday live stream. I don't know. As much as I live watches, I had a realization about this. Gosh, I don't know if I

19:59mentioned this before. We were, this is when I took my son down to Corpus Christi and he did the the Lexington boat tour. And I took a selfie and I posted on Discord and I was like, hey, doing my thing, right? And then in the background, or after that, I wrote something like, check out my watch. And then I got to feel like really douchey about that later on. I was like, that's so, that was really lame. So then I had one of those moments. I'm like, you know what? I buy my watches. I love my watches for me. I don't need any sort of external validation. So, and plus like it, it can be a security risk, putting things like that out on the internet. So as much as I love watches, I do like the idea of not talking about watches. There's plenty of other watch YouTubers out there. We're a trading channel, my friend. How can a stop loss or trailing stop we set in trader? I don't know. That sounds like a really good question to ask Google. Sorry to you. That's my answer. All right. At 332 yesterday, there was an usually high number of puts placed on the spy. How would that affect the market this

21:03morning? Mm-hmm. I mean, the market is trending down right now. Has been trending down for a few days at this point. And I don't know. I really don't know. All right. Just follow your plan. Just follow your plan. Stephanie, I have a crush on Mark. He was a maize balls. I'll let him know, Stephanie. On the real team. This episode is brought to you by Indeed. Stop waiting around for the perfect candidate. Instead, use Indeed sponsor jobs to find the right people with the right skills fast. It's a simple way to make sure your listing is the first candidate see. According to Indeed data, sponsor jobs have four times more applicants than non-sponsored jobs. So go build your dream team today. With Indeed, get a $75 sponsor job credit at Indeed.com slash podcast, terms and conditions apply. America leads the world in medicine development. It matters. We get new medicines first nearly three years faster. Five million Americans go to work because we make

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23:07or lambos. Why do you think Mark and Norm are big poker players? I think they like the thrill. I think they like the game and that's the best part about trading to me, which is the game. Chris, do you think Mark could share anything that we may want to back just for our improvements? We did make a, I wouldn't say a lot. We made a few enhancements to the plan from what Lex had said. Based on my conversations, Mark, there was nothing, there was nothing that I wanted to change in my plan based on that conversation. I mean, really, it came down to having a plan executing consistency, executing it with consistency, and even though you're in the US investing championship, that doesn't mean you need to obey in the plan. That means you should probably double down and not screw up. My answer to that is I didn't see anything that I wanted to implement into my plan for changes. Great question, though. Really, great question. Mark, talking about Mark, did Mark mention something about trading that you don't do, like taking risk off or adding more during a trade? Mark is a big

24:10believer in selling into strength. For him, he's going to have whatever that level is, whatever that reason is, and it's a lot more discretionary than I am. I don't mind selling into strength. If it hits one of my exit signals, if it hits one of my exit signals, let's go to planning more quick. I mean, legitimately, an out-of-sale signal or an order block or earnings, all three of these are selling into strength, assuming that it's moving up on that day. A 1020 bearish cross or a gap in crap or either of these stop outpoints, those are both selling into weakness. Would I love to add more selling into strength? Yeah, of course, but the issue was selling into strength. The issue was selling into strength, and let's go to Sophia's example. The issue was selling into strength from this is that if we add in, for example, the a value zone indicator, when it pops three ATRs over the 20 EMA, it lights up here with this light green color. When it's inside the value zone, it's the dark green color. This is the issue

25:10was selling into strength. Yeah, it's going up, but you're taking risk off the table as it's still working. If you're selling it for only the fact that the price is going up, you may be left in situation where the price continues to go up, maybe another 20% without you, because you want to sell into strength. I'm not saying I'm right. I'm not saying Mark's wrong. I'm saying that that is something that he does do. I would love to do more of that, but I need a quantifiable exit point to do with it. YouTube DC333 says, I ordered one of Mark's books after listening to Chris and Mark yesterday, very impressed with his humility. Did anyone else? Dude, you may not have heard of Mark before. Mark is literally one of the greatest traders of all time. Actually, one of the greatest traders of all time. I am a student of the stock market. I love to study the past because timeless principles in trading have applied forever. If you want to be successful

26:12in the market, you have to study the people who have been successful before. It would be equivalent to saying, I want to be a professional basketball player. Who's the boron? I want to be a professional golfer. Tiger, who? I want to be a professional snowboarder. Who's the flying tomato? Things like that. If you're going to be successful in the markets, it behooves you to see who has been successful in the past and learn from them. Learn from them. That's what I did. That's why I'm successful in the markets. That's what I try and share with you. Why do we honor upside order blocks in disregard? We don't disregard anything. What's there to disregard my friend? Let's go to a video real quick. Let's go to a video real quick. We're not really disregarding them. It's just not part of the plan, right? I mean, if it's coming down to this order block right here, but I don't care. I'm probably already out. I mean, I'm not disregarding it. It's just like the likelihood of this being a part of my trading plan as it comes back down is very unlikely.

27:16But, dude, they totally work on both sides. They totally work on both sides. This absolutely random spot on the chart that there's no possible way that at 171.21 that it keeps bouncing back over and over and over every time I get set apart. Of course, it's there. Now, you absolutely 100% could make that be your buy the dip point. You could. Absolutely could. But you need to prove it. Were you surprised when your Vini doesn't trade out? No, no, no, I know he doesn't and that's that's okay. That's that's what he does. I don't know if you caught that part in the interview, but Mark and Larry Hyte are good friends and I worked with Larry Hyte and Larry Hyte specifically taught me how to trade options and that's the cool thing, right? You can pick and choose what works for you from whomever your mentors are and you can find your own success in the markets because of that. Speaking of finding your own success in the market, Chris, you always tell us to build our own strategy. If my strategy for a bull market doesn't allocate all my capital given a current choppy market, would you build a parallel bearish one? Well, so I kind of asked Mark

28:22that question yesterday and think of it this way. When the stocks are sitting up, you should automatically be in the market. What does that mean? If you have a plan that gets you into the market when the stocks are moving, then you should be honoring that plan and getting into the market when stocks are sitting up. And for the same thing, if the market's not working, you're going to be getting exit signals and you need to be taking those exit signals to get out. So you'll know when the market's going crazy, when the market's gangbusters, because you're going to be full port, you also know when the market's not working, because you're going to be sitting in cash not effing up. And if you decide to build a bearish plan, you can do the same to the downside. You can do the same to the downside. But the market will tell you when it's time to get very aggressive. And it will also tell you when it's time to get out of the way. Are there any plans to build a trading AI that will follow the rules of valor? Yeah, absolutely. Like we have a long roadmap. One of the things that we

29:25want to do is integrate with brokers. So when the buying cell signals come through, when your plan sets up that it automatically executes for you, we have a long pipeline ahead of us. Junior says, I got from Minervini's interview that he thinks his book on mindset and psychology is the most important one. I have that book. I have all of Mark's books. I don't remember where I put it. It may be right here or maybe over here. Okay. I have my books separated by topic. I said secrets for way. I know it's right here somewhere. Great content, Chris. I know. You know what's going to happen is I'm not going to find it. As soon as I stop recording, it's going to be the most obvious book ever. I have no idea.

30:26Hang on, I'm going to go one more time. Finds out secrets for when. Yeah, I got no idea. I don't know where it is. But yeah, that's a good one. He loves that. And it really is important. In fact, if you go onto my YouTube channel, let me show you this real quick. If you go onto my YouTube channel, two seconds. If you go onto my YouTube channel, you'll actually see previous interviews that I had done with Mark in the Market Wizards playlist. And when I was prepping yesterday, I was listening to them as well. Mindset secrets for winning. Mark and I had a whole hour-long conversation that is on YouTube, specifically about his book. So yeah, even though I can't find it, trust me, bro, I read the book.

31:29Did Mark win the US investing championship trading only stock? Yeah, but he did trade with margin when he needed to. Margin, meaning that if you have, for example, $1,000 at your brokerage, they will actually allow you to go potentially up to $2,000 in stock purchases. But just remember that is adding leverage. And was he competing against people who are also using options? So there are different divisions. There's enhanced growth division, which is where I'm in, which does allow futures and options. And then there's the stock only division. And he was in the stock only division. And that may actually not let you use margin. I don't remember. Either way, he did not. Rick, what's up, dude? You're coming with a plan, not giving back profit, trailing stops. Yeah, you got to come up with, you've got to come up with a way to get in and out of a trade. Like, we can use a video right here. I'm going to draw on this. Remember, when you're walking into your favorite barbecue restaurant, Rick and I live in similar neighborhoods. The Hutchins barbecue, by the way, for those of you

32:33who know who know, they were actually my babysitters growing up. Like the Hutchins family, and I go way back, like literally they were changing my diapers. They have a barbecue restaurant that is like top five or so in Texas. And you can't even get in there now because there's a line out the door all the time, which is really frustrating. But yeah, anyway, imagine you're walking to Hutchins barbecue. You're looking for that big juicy brisket sandwich, right? That was my favorite. The daily special back when I was a kid was $5.99. You got a chopped brisket sandwich, a drink, and two sides. Now that's like $17.99, which blows my mind. But either way, I'll never forget going into the Hutchins barbecue, getting the brisket sandwich. And you're not there for the bread, right? You don't care about the bread. You don't care about the the top and bottom, 10%. You care about the 20% or I'm sorry, the 80% in the middle. This right here is all the big, juicy, wonderful brisket. But you're not here for the bread. You're only here for the brisket in the middle. So you're not going to catch the bottom. You're not going to catch the top. So having a trailing stop is specifically designed to get you out of the way when it starts to turn

33:39around, right? This would be, for example, your exit signal. You got in here, you rolled it all the way up. You didn't get out the very top, but you got out right as it came back into the meat of the sandwich. Does that make sense? Put a thumbs up in the chat if that's making sense to you guys. Put a thumbs up in the chat if that makes sense. I need to do more engagement waiting. Thank you for that. Okay. You go in here. By the way, thank you guys for all the amazing questions. Are you all building an outlier app? At some point, I believe an app is in the in the pipeline, but it works fine on mobile right now. So it'll, you don't even have to download an app. It doesn't take any space on your phone. We don't have to give any revenue to Apple. I mean, just go to outlier.com on your phone and basically do everything. Why doesn't Mark trade an option? So everybody needs to become a specialist in whatever their trading strategy is and Mark chose to become a a specialist in just stock, right? Options add another layer of complexity. You don't have to have that. If you choose not to, that's fine. But if you choose to, that also is fine. The plan A

34:45go away. Plan A is retired. Mainly because I never saw a situation and I had this discussion with Mahesh. I never saw a situation where I would ever pick a plan A trade versus a plan M trade if they both set up on the same day. So I retired it. It is still in the slide deck though. You can still get to it in the link below is a zebra. What are you doing? Stephanie Brown. Chris, did you? Did you boys talk after you finished your live interview? Did you share anything? Yeah, dude, I'm telling you, Stephanie, it was awesome. It was so great to catch up with Mark. We literally talked for an hour. I get my platform tour of outlier. He gave me a platform tour of his software called Minerbini360. We talked about Rolexes. We talked about his race cars. I didn't know this, but he's also a car collector. He said he has 15 cars. So it was awesome. Really cool. In Joe, Joe was there helping run everything, make sure everything

35:46was smooth. And Joe just got to be applying the wall. Well, Mark and I just went to town for an hour. It was really great. Don't we sell into strength and rolling? Yeah, we kind of do. That's a great point. We are selling into strength and rolling. We're taking those profits off while we can. You know what? That's a great point. We're already doing that. Well said. Thank you for that. Gold star. Cheeto, also competing US investing championship. I have a hard stop of 30% in my plan. But most of the time, quantify most of the time for me, my friend. Is that like in the last 10 trades, because you only have a sample size of 10, 60% of that's happened. So six out of 10 times. I wouldn't say unless you've got 50 instances, I wouldn't say most of the time. Because I mean, for example, if you flipped a coin 10 times, six times, seven times, it might land on tails. But that doesn't mean the coin's broken. That just means you haven't had enough frequency to get to a better point. So if you're playing as a hard stop of 30%, the option gets sold

36:48at 40 or 45%. Any ideas of how we avoid this again. And it's not down to a gap and crap. I would say in this case, if that's an issue, and I mean this with as much love and respect as I can give you trade smaller, then you don't have to stress about it. You really don't have to stress about it at all because you're trading smaller. How is it possible to be very profitable in the market when traders do not use options? Same thing, right? It's the same thing. Options provide leverage. But that doesn't necessarily mean that they will be more. In fact, you can be significantly less profitable by using options. It's really down to executing a plan with as many frequency as possible, as much frequency as possible. Chris, I've been away since Christmas. Where have you been, Rodgers? Have you been missing you, dude? I would like to know where I can look to see how everyone is doing in the US Investing Championship. So you go to financial-competitions.com. And I believe the norm was saying that the results go up on the 23rd. Today is the 20th. So sometime next week,

37:51this is the 2025 final standings. So there's different divisions, of course. This is Bob Weissman, which is Mark's assistant. He won the Enhanced Growth Division and the Million Dollar Plus category. How cool is that? He didn't even know. That was such a funny story. He said Bob had entered without him even knowing. And then he ended up winning. Without he, Bob entered without Mark knowing. And then Bob ended up winning. That was pretty cool. Financial-competitions.com. And then it updates from what I understand on the 23rd. And Dr. Zada, we were talking after the show. And he's like, yeah, there's a bunch of outliers on this list. And I was like, oh, yeah, that was the plan. We want to get as many outliers as possible on there. Any more plans for a meetup in Florida in May? Trader is putting on an event. I am going to be one of the speakers at the event. And we want to make that a an ally meetup there. That would be really cool. Linda says, as an asset price increases while using the same ATR values,

38:57do you reposition them to the new higher price or leave them at the same entry price? Meaning the ATRs. We talked about that earlier on. And the case really is is that I set the ATR entry. And I don't touch it again. Can you, of course, but that's one of those like super detailed, pedantic level of detail that I just don't do. But that doesn't mean you can't. Doesn't mean you can't. Rock says, while I'm in plan sit and cash and don't have up, how come the buying cell signals are not followed for entry and exit as indicated by outlier? Well, okay. So if you are in the sit and cash and don't have up plan, then you're not looking for any entry or exit signals. You're waiting for the market overall to say, okay, the market is more conducive. And I get it. A lot of people are impatient and they don't want to sit in cash. They don't want to sit in cash and I understand and maybe that's where you're coming from. I don't want to sit in cash. I don't trade something. But here's the deal. The market does not work for you all the time. You don't get to pick when the market works, right? You have to sit in cash for proper setups. How long? As long as it takes. And it can be super boring. It can be super

39:58frustrating. But the point here is that it doesn't allow you to f up here portfolio. Now, rock. I don't know you from anybody. I don't know you if you're a big six foot five three hundred and ninety four pound bodybuilder like the rock or or an itty bitty bitty handboy like me. If the market is not setting up, the best thing to do is not f of your portfolio and sitting cash. Sitting in cash is a risk-free option. It does allow you to earn interest in whatever account that you choose to earn interest on. And because of that, you can keep yourself out of a lot of trouble. Are you considering adding any Euro stocks? Yes, absolutely. On our pipeline, we're talking Canadian stocks, UK stocks, European stocks, Indian stocks, crypto. That's all in the pipeline. We're getting there. I promise you that. Let's see. Bo Tay. Are there any plan to build a trading act? We already did this.

40:59Do you have any explanation as to why the spy-fearing-grade heat map continues to decline? Why the spy-fearing-grade heat map continues to decline while the constituent heat map continues to rise? Okay, let's pop into that real quick. Almost sounds like an interrogation. What is your explanation for this? What is your explanation for this? Let's take a look. So, the constituent heat map, that is looking over here. Of the 500 stock, it's no 500 stocks, Chris. It's 509. Shut up. It's 500 stocks. That's why it's called the S&P 500. I actually got comments like that. No joke. That's why I bring that up. This chart right here shows you how many companies are greedy versus how many companies are fearful. And as of right now, we're getting more companies that are showing to be more greedy. This chart represented over time is what this is right here. This is the constituent heat map.

42:00How is this changing? This chart is measuring the spies, the assets, fear-ing-grade value. So this spy ETF itself is getting fearful. The 500 stocks inside of the S&P 500, more of them are getting greedy. Now, in the couple of times we have seen this, that divergence between the two has led to some pretty impressive sell-offs. I'm not saying that I'm calling for a crash. And I don't have the data. So this is more of a trust me-bro situation. But that's what I've seen. That's what I've seen. When they go in opposite directions, they eventually catch up to the downside. So yeah, that's the question. By the way, there's deep thought. Final question today. Should ally run their own version of the US investing championship just for Reagan rights? Oh yeah, we're going to do that. I don't know when. I don't know at one point, but it's going to happen. It is going to happen. Hey, listen, thank you so much for all the questions today. It has been a ton of fun. If you're ready to save

43:01time, make money and start winning a less risk. Click on these two videos and have a fantastic day.