It wasn't like i just became this guy, who was up a few hundred percent on like so many cripples that i own, but it's like i just i just slowly got more and more invested, learned more and more and more and over those four years like again, Like you said, it took a long time for it to kind of, consolidate and and mature and shake everybody out and over those that gave you plenty of time if you were invested or even wanted to learn to really get the knowledge and be in it and Still not too late, like you know, the best time to start is today um. The last thing you want to regret is not doing it today because you think bitcoin's too high or bitcoins, this or big ones, that and in in a year or two from now. It's over 100k or it's being used to buy. You know anything, you want we're at any store.

You want like it's, it's growing, it's maturing and to not at least take a chance at looking at what it might do, or what it could do, i think, is the biggest mistake at least be open-minded to it. You're listening to the steady trade podcast, the steady trade podcast welcome back to the steady trade podcast everyone - i am tim bowen back with um - well, not back with, but we've got kyle williams here today. So, just a little bit of an introduction, we are pivoting a little bit with the steady trade podcast, so we've done a lot of cool stuff through the years. I always look back on on season one.

We, you know, we've actually pivoted several times, because we're always trying to evolve and change and do what's you know best or or most helpful to you the listener. You know, i think, back to season one and we actually had seasons in the beginning where we would work through an agenda and we kind of went through the basics of penny stocking. And you know how to build a watch list and still very, very proud of that. So if you go back especially if you're new go back to that season, one and check that out, it's really a great way.

You know again, the beauty of podcasts is if you're on the treadmill, you're commuting or hey. I always say i won't tell your boss if you're listening at work, you know just do it. I won't tell them, but you know you can actually learn this stuff and not have to be as visual. You know, as obviously i hope, you're not driving and watching youtube like roland wolfe used to do etc.

But but that's a great thing and you know: we've gone through doing a lot of interviews through the years we've done book reviews. So again, i'm really fond of the steady trade podcast, but the latest pivot. What we're going to start trying to do is is people who have been asking to be kind of more um. You know topical more in the now, so we've got an amazing network of traders with with stocks to trade, with the steady trade team.

Obviously kyle is here today you know jack matt, bryce, tim sykes, you know all the people in the community, so what we're going to do is we're going to start kind of, and this is an experiment. So, as always, please give us a comment. Let us know if you like this, but we're kind of kind of like pick a topic. You know a topic du jour today we're talking crypto as well as kyle's trading, as well as kyle's, been doing some charity work, etc.

So we're kind of pivoting on these topics of the day, with the opinions of of of the trader of the day. So again we've got kyle kyle here most of you, i'm sure familiar with them. You can check them out trader kyle c on twitter. I believe, hopefully, if not they'll link it below.

If i spoke that wrong and uh most of you might notice steven's not here, oddly enough just real quick before we get started, i know i know i like to pick on steven uh about many things, but no bs um he's actually on an ayahuasca trip. Right now of all the things steven needs in his life, i don't know good or bad. I've heard a lot of good about ayahuasca, but with stephen's personality i don't know, i hope it all ends up. You know he's in the mountains of mexico somewhere.

I hope he makes it back. Maybe i'll need you as a new host kyle. I don't know mean you know it kind of dates me, but i'm a big fan of like apocalypse now i could kind of see steven being like colonel kurtz and just like. Never coming out of the jungle again would not surprise me, but that being said, welcome kyle how's it going man.

Thank you. Thank you good good, it's good to be back, i mean i, i think the last time i was on was with jack and andrew, which i mean, i think, had to be at least a year and a half ago, yeah maybe a year ago, but it's been A while, but it feels like it was only two months ago, so it's good to be back. It's cool to have to be on again, so you know it's kind of it's a bummer like yeah yeah, the last time you know it's it's i mean i guess it's just the new normal of zoom. You know.

Last time i saw you in person was two years ago i think at the conference but uh, but i guess it is what it is. And so that being said, you know you know. What's uh, you know one of the big points of of the update. Is you know what what have you been how's, your trading going? What's been working for you, you know a lot of people on the podcast.

You know they want to learn setups. They want to know what to look for so kind of what is and what isn't working for you right now and and what do you? What are you focusing on? I guess um so so recently, the last september and august, i've talked about this. In my my youtube recap: videos um, but it's it reminds me of 2019, where, like this market, we got had a huge, huge hot market in january and february, probably the hottest we've ever seen and then we kind of needed to cool off. So it made sense that this september and august weren't, they weren't slowest slowest 2019, but they certainly were like a cool down right.

A lot of i saw a lot of traders losing a lot of tears were read um, a lot of traders were taking off uh and so for me being primarily otc that didn't really work too well. There were a lot of otc traders. I saw were read a lot of breakouts weren't working a lot of first green days, weren't working um, certainly a lot of dip buys weren't working and so most of my profits in august and september were from listed stocks. I mean cei being one of the huge runners, that's kind of made my last month, or so at least at least a good portion of it um so, and i think i think that will bring momentum as we hit into winter, but listed socks for me have Been much more dominant in terms of not necessarily lumping alongside but me being a short biased trader um have been have been useful for me to stay profitable.

Now you know it's something that a lot of people may or may not be familiar with, but you know i always talk of and i think everyone does, but you know otc's come and go. You know i mean i mean that is just the nature of. I think you know, obviously we appeal to the newer trader. That's why they're listening to the podcast, so i think a lot of people freak out because they they think it's over.

I mean i think, going back. I've been in this game 15 years, and i remember 15 years ago oh otcs are over, it's done, you know so so to those people that have done very well back in the summer and the spring. You know talk to that a little bit and, and you know maybe calm them down or or explain. You know a little bit of that the seasonality - i guess yeah, oh yeah, i mean i i i resonate with that so much because i i was there in 2019.

I remember thinking you know. Penning dip eyes were like my primary long setup. I loved them. That's what got me profitable and 2019.

I think for like a three or four month stretch. They didn't even show up like forget about the set up, not working, they weren't, even there uh, and so i had the same thought of like will. I need to adapt like how will i need to adapt? Will i ever see a panic get by again and come 20 2020 and early 2021 um? I mean i crossed a million dollars in profits with a panic dip buy so like seasonality, the pull it full circle like seasonality, happens, um set up, certain setups will come and go, but just straight right, you've been doing 15 years. I've been doing it for five.

You know, i hope, to keep doing it. I hope to love to say: i've been doing 15. um i've seen it. The seasons come and go um.

The best thing you could do is hang tight respect or you know, protect yourself. Um manage your risk and just stay in the game until your setups come back um. Of course you can do a little adapting. It does never hurts to try to learn and adapt to new setups that are in that other season, that you may not be good at um, but don't yeah, don't freak out that, like your good setup, won't come back um, there's good odds that actually will you're.

Just gon na stick around and stay in the game, yeah yeah, but i i think, that's you know again like even like this week. You know, i i think you know so, we'll probably i'm sure we'll talk about cei. You know i go back to how quickly things change. You know i go back to last week last week and even up to that you know create you know.

My focus is listed stocks. You know just low float, nasdaq stocks. You know crazy, crazy, crazy stuff. All over the place can't even watch everything.

Then the bubble bursts on cei and you know all of a sudden. It's like you know this week for me, has been like paint dry and i'm like we got grom grom's a decent. You know low float nasdaq, but but last few days it's just like man there is and you're like yesterday, i spent six hours waiting for btbt that stupid crypto related stock that i hate, but it's like it was the only thing there i mean again for me. You know, speaking of you being more, you know i you're way more otc, i'm more listed nasdaq.

You know so for me like i'm like, oh god, i'm like btbt is the best thing i got and then that thing just sits there at 12, 4 literally six hours at 12.. I mean i i was. I was in the chat and i'm like just die at that point i was like. Would this stupid thing just die because i want to like walk away and it just sat there sideways? But that's what happens when you know you've got.

You know. I've called cei quote unquote, one of the best pump and dumps in recent rent memory. You know last year or so that thing is epic and then that bubble bursts and and if you're listening today is uh october 7th october 7, 2021, the the the the run ended two days ago. Stock was already had three four days in a row.

The momentum was over then carrisdale capital drops a hit piece and completely cut its head off at that point. So then, when that happens, everybody gets scared, and you know you think about some of the recent rummer. You know the recent movers they're all these twitter pumps, whether it be the bbigs or the dats or or um wish, and you know, and all the bmra and all these so people get scared and then it dries up. But the the nice thing about having experience.

I'm not worried they'll they'll come back, especially you know here here goes grom grom's pushing new high a day. That's the beauty of stocks. If grom does something wild everyone's gon na forget everyone's gon na forget cei and it'll all come back so yeah yep. So talk a little bit about cei, you know again, i uh, you know incredible.

You know that you know i look back at like i mean it had little bitty red days, but like 30 green days in a row or something ridiculous, so talk about ci how'd. You trade, it you know, and and ultimately you know what can the listener look for? You know for the next cei or something um, so i guess prospectively on the on the other person on the spectrum of how good or bad you can do it. I i have to say i did pretty well considering. I was green on every day um for how i guess, maybe i think the standards i have for myself.

I would say a lot of missed opportunity on my part only because you know, because i've i've been in this game long enough to know what what setups of mine are. Like my favorite, what are my a plus plus setups from a short perspective? You know when the time is right, not too early, but when the time is right, cei is is up there like the top of the top um, and i knew that and so because i kind of knew that it almost hurt me a bit where i tried To push size, i tried to accept bigger risks and i did okay with that. But it was almost a routine for like three or four days in a row where in the morning i'd go really big size. I'd take a loss and the next day or then later in the day, it would show an opportunity and i'd pretty much make that loss back and then up a few hundred or a few thousand.

So, like my risk reward, i mean yes, i was green, but risk reward wise. I it was like one to one or one point three to one like. I was just getting over the loss after the afternoon where it's like, if i just had taken a more conservative size, if i just kind of wasn't so aggressive in the beginning, because because i was so aggressive in the morning, i wasn't as aggressive in the afternoon. So even the lesser smaller aggressive size in the afternoon still brought me back green.

I just reflected off like if i just was more patient with it um a little more, not so like want to just knock out of the park right away. Um could have been much more greener, much more in control. Um, like i said, i was green every day, but even on the huge dump day uh i mean i was in shock. I i i covered in like the 280s all right and was like, and i saw that bounce and i was like.

Maybe i should be short. Maybe you know i don't really know, and then the hippies comes and just just destruction i was like. I couldn't believe it, but that's that's how some of these go and that's totally what cei did yeah, and i mean it's like that. That's the bummer, you know, there's i'm gon na i'm gon na butcher, the saying, but you know it's like when stuff like that happens and again i'll butcher.

This uh, i apologize, but it's like when something like that happens. You never have enough size. You know it's like you know, i mean i think of like you know the classic, like everyone thinks of like the tim garchany fan, and that's probably where the quote came comes from. It's probably like when tim katani was talking about the fannie mae meltdown and cei was like a lot like that.

It's, like you know, that's the only bummer about you know. You know try and try and try and then, when it happens, you know - and i mean listen. If you had a billion shares short, it wouldn't be enough because you could. I mean you know that that's the beauty of when those things happen, but right right, um.

It's kind of funny, you know um my favorite and i wanted to bring this up on the quote on the podcast. There's a we'll, probably try and link it, but uh i'll, probably pronounce it wrong, but mauxian m-a-o-x-i-a-n on twitter he's been around forever followed that guy for like 15 years - and you know there's this been this debate on cei and you know i won't get into the Whole twitter pumper thing but um you know there's you know it was the biggest twitter pump. I've seen you know specifically on twitter, maybe ever you know you know because yeah, we kind of you know. Obviously we've evolved.

It used to be. I mean i'm old enough to remember the fax machine pump and dumps. Okay, that's how old i am or choppy mailers. I i remember those days, but you know now it now: it's twitter and um the tweet by maoxian was you know.

Tim kertani was basically calling the collapse on ca cei a couple days in advance and he says he's like who are you gon na believe the guy who's made 15 million shorting junk stocks or the guy with the neck tattoos? And i'm like man. That's a pretty good quote right there and then the next day it completely gets destroyed. So that's funny, so you know back to that. Like you know with cei, i mean you know in your opinion, you know how do you uh yeah, i mean.

Do you think this will bring an end to the twitter bumper or you know, is this you know is this is just this the new normal and you know what again, how do you spot the next one you know in your opinion, yeah um, i i thought About this, in a way of that, because it was such a good twitter pump, i thought to myself like this has been so successful. The next twitter pump will be massive right, but, within with such a harsh ending, as we just talked about, like i mean ci down, cei was down 60 um with such a harsh ending. All the people who i think could have should over would have made money if it had such a not so much of a harsher of a downtrend. You know, usually, i feel like, i feel, like the waves continue when everyone who's making money just throws new money.

Like these guys had a good run, you know right as much as as much as i don't like what they do and as much as i would never. They had a good run man. You know. Until this i mean yeah, i mean it's.

You look at the track record, it's like they. They were, you know and that's the way it goes. I mean you know it works until it doesn't, as we like to say, but yeah. So so i mean, i always think of like the money kind of compounds itself between people, and so i thought to myself like after such a harsh pull like this.

I don't know if it will compound right this time. I'm sure you know, i don't think a twitter pump or a supernova or the hype will ever end like there'll. Be a new sector comes around um, but it might, it might take a time to cool down. They might need new people to refresh the market.

New traders to join certain rooms and certain twitter accounts as followings, and you know how just the market regurgitates and consolidates through people not just stocks before the next kind of hot thing comes around. You know yeah and i you know i always try and be mr positivity, but you know one of the biggest you know and it's and it's a it's a good thing for us. I mean listen, i you know, i traded it on the front side, you traded on the back side. You know we know i mean i mean i remember you know again a month ago, i'm like listen this.

This is the worst stock in the world, but we know what is happening here. I mean there is opportunity to day trade. This thing on the long side, don't hold overnight. Okay, if it reverses, don't stay in it, but you know and it proceeds to go from 30 cents to you know 480 or whatever, but um.

You know the it's a double-edged sword. I just think with social media. It's just it's created. Just this between.

You know the the thoughts you know the and, and then the uh you know in the in the unrealistic expectations and stuff there's just i. I just don't think this is going away anytime soon until there's like some sort of like federal crackdown and right just you know, you know until the fed. You know until the you know in the in the to do a billions reference. You know until the guys in the in the in the windbreaker show up, you know it's just gon na keep going on and on and on and people hope spring's eternal, and i just you know and and that's the great thing and hopefully what we can accomplish With this podcast is, you know letting you recognize that you know don't overstay on cei and, and that was one of the points i i touched on earlier and i want to make again i mean listen, you can blame the hit piece and you and you or You know again if you got bagged, okay, but the big big thing i want to point out and i'm sure kyle will say this.

I mean it was red three days before that i mean every three days in a row is red every day. Okay right! So you got ta recognize and if you got stuck okay, if you're new, that's cool, hey, we were all new kyle was new. I was new okay, but that might be your number one. Takeaway is understand, and hopefully learn from this podcast to recognize what's happening here and when you got two or three days of red that that's two signs either dump your long or start looking to get short because the end's coming so right right.

So um a little bit uh, you know, but i want to finish up on on the crypto stuff. That was that was our agenda item. But uh, you know talk a little bit about the charity. Stuff you've been doing.

I i think you've been inspired by our friend tim sykes and uh. You know so so what have you been doing there and update us a little bit and maybe you know, drop some links or etc so yeah totally so i yeah - i totally have been inspired by tim um in a way that i realized making money is great In trading - and i want to make more of it - there's no doubt about it, um, but it it. It came to a point to me where it was like. Well, what do i do with it? Yeah right - and i think you you you hear people say all the time like money doesn't make you happy, and i agree with that, but i think it it.

It can add to your life if you know how to use it and do something with it um. It's a tool, and if you don't do it, don't use that tool? It's like what are you, what are you doing all this for, and so i kind of um through that this year, as i really kind of hit my stride, i decided to to make a few donations, so the first donation was to my best friend, who runs A non-profit um for single parent homes, single-family homes, love it called singlehope.org or singlehome.com um for his birthday donated five thousand dollars. Um super awesome moment like it was one of the biggest donations he's had. He can like start giving with way more families, because it's just him running essentially so that was really really cool um.

Second one was for my mom's birthday. She's, an animal lover loves animals, um loves just you know. If she could, if she knew how to take care of every animal in the world, she would she would do it um, and so i was like my wife. She takes care.

We've got six cats that she feeds. Yeah sounds like my grandma grandma um, but yeah. So i said you know pick a pick. An animal sanctuary pick any pick any charity really you want and i had a feeling was going to be animals um and it was um, libby, lou's, safe haven, um.

They take care of some donkeys, but mainly cows, who are either deserted or can't be taken care of anymore um. We went there and we donated ten thousand dollars for them. Um, which covers like i think, a third or even more, of their like yearly um costs to take care of those animals that was really cool, um and then recently it wasn't really a charity but um. My grandparents, who i haven't seen in a couple years but haven't they, haven't, come out and seen me in in um in southern california.

Here in, like almost eight years - okay um, we went to florida where they were at um and picked them up in a private jet and back so no charity work there. But just my grandfather couldn't have been happier he's like this is the nothing will top this gift um and it was. It was really uh an emotional and cool moment for my family and i so you know and and and i mean again we've like i said you know we - we because of you know, covert and everything. You know we don't have much time to to bump into each other, but i think i mean i think you know we know each other a little bit.

You know and to me you know, family's number one and and that that's awesome and it's especially eight years man and uh wow. You know and and it goes back to like something that i talk about a lot on the podcast and webinars. It's like you know again, like you mentioned, i mean money's, cool and everything, but it's like. What's the point, if you can't do something awesome like that or you can't you know the smile, your mom gets when you, when you do that charity or you help out a buddy and you're and that's what's what i love is you're, helping out a buddy? Well, helping out a friend you know and helping out him help his goal.

You know so it's like it's like a win-win, and you know and and that uh you know like with me trading. I've said that a million times i mean it's cool and stuff, but at the end of the day, it's just red red and green numbers on the screen, and that's one of the reasons. I've got side, businesses and, and i've got all these hobbies and stuff, because you know it's like you've missed something actually making something happen and yeah. That is the drawback of trading.

Is you know at the end of the day, you're not you're, not really creating anything, especially day trading? I mean it's like you're, not you're, not helping the company, you know, and then you know you're and you're, not helping anybody else, you're, basically just helping yourself, hopefully or helping your broker too. You know: hey brokers, love it but uh, but but that's the cool thing is that and i really respect that man that uh but again helping friends and family, because that's what it's all about man and yeah, you know it sounds corny, but it really is, you Know it's like it's like and once you get older like me, you know when you're like when you got one foot in the grave and one out of banana peel. You really appreciate that stuff. You know so yep yep.

So let's talk crypto. Let's do it is. Is is bitcoin going to a million today uh? No, i wouldn't i wouldn't i mean i'm not that bullish, but you know um. I think i think it's.

I personally think it's undervalued where we're at um. You know we've had this recent spike because i love it. Man, uh uh, i i you know i i it's always so refreshing to talk to a short, biased trader who doesn't hate everything, yeah yeah yeah cause like because, like everybody, you know you go on twitter and something every short bias. Traders, like bitcrypto's a scam nfts, are a scam.

The s p 500 is a scam. It's like. Would you lighten up? Okay, yeah, there's a big difference between short and shitty penny stocks and hating the entire world? Okay, yeah! You can be positive about a few things. Yeah proceed: there's there's a few big traders that i follow that aren't even trading penny stocks and they're like well, they're super bearish crypto, and i just like i i get it but it just.

I don't know if you can just research enough. I just i i haven't anyone who's like really coming with an open mind and has given the research and has given like what bitcoin means and what bitcoin is and has been like yeah. I don't think it works out like i just anyone who i think has really been in. It is like yeah, there's absolutely an opportunity here, um and i think like like recently the fed just or not the fed.

I guess the fed and the acc said like we have no intentions of banning bitcoin and and for me being kind of doing a lot of research. I kind of i already thought the genie was out of the bottle, like i didn't think that was really an issue, but for the general public and for everyone else. They're like oh crap, like this, is real they're, not bitcoin's, not going anywhere. So i mean we just had this huge surge from 40k to 55..

Hopefully we consolidate around here, but you know if anyone who knows technical analysis or looks at a chart without even knowing the fundamentals i mean kind of seeing bitcoin's chart from april may to dipping. Then, holding the now higher highs and now we're back making our lower higher lows now higher highs. It's like we look really good for for more upside um, just from a technical standpoint, but there's i mean there's hundreds of other fundamental reasons why bitcoin is is in good position to to go higher and do well so um. You know again we're always trying to you know.

The goal of the podcast is to help people out there. So you know, obviously we don't give financial advice, but what is like? You know you know, okay, so i you know, i i'm i'm listening to podcast, i'm a believer. I listened to tim scream like an idiot a minute ago. Um.

You know how how how would you recommend someone get quote unquote exposed to crypto? Maybe this is the first time they actually kind of believed in it. What what's an approach? How do i get started, etc? So so the best way, i could say, is just how i got started. Um back in the 2017 run when bitcoin went to 20 000.. You know that grabbed my attention.

I was like what is on earth is going on. You know what is this whole new asset class uh and i came across a research kind of service called palm beach confidential written by tika tiwari. I'm still part of that service. Today, he's really laid the foundation for how i understand the markets, how things works, um and i kind of took that information and went up on myself and started researching more um and then recently me and matt came out me and matt monaco came out with you Know he had a 30 day boot camp with tim sykes and that went super well, we decided to kind of recreate that in a bit way with crypto and we have a 14 day boot camp um that that came out.

I believe four or five months ago um. So if that's a you know the palm beach research group that i'm part of uh or palm beach confidential, it's called is a little more expensive, but you get a massive massive, in-depth information. If you want something lighter something a little more cheaper, something that will still give you the basics and understanding the market um at a ground floor, you know, i think the boot camp that me and matt did is a really great beginner, intro information. And if you don't want to do either you can just start googling your life away.

You know, that's. Certainly i've just really done that. Um there's a lot of information out there, a lot of good websites um! You know! Coin market cap i mean you, can really google any crypto and type in white paper, and if they have a white paper, you can just start reading what the crypto does. What its use case is, why was it created? I mean it's, it's all on there.

You just got ta go dig for it yeah and you know and like like something that i've even talked about on a lot of the webinars and stuff i've done. I mean like listen even if you're, like lazy, i mean like, if you're the laziest and laziest person. I've said this going back to last fall when the big breakout came, i'm like listen, you need to be exposed to bitcoin, particularly, and i think that you know figure out your budget. Okay, listen! We're! We've got listeners all across the spectrum, age, incomes, savings, etc.

Figure out what a manageable information or manageable position, sizes and think of it, like you know, i think, of it like an index fund. When i was 19 years old - and you know listen, i don't care if it's 50 bucks a month, okay start getting exposed, because that does two things number one. It gets you more engaged. Okay, i mean there is something to be said.

I'm a big fan of of nassim taleb um everybody talks about black swan. I actually think skin in the game was his better book, but the more you get a little bit of skin in the game you get involved in that market. It gets you engaged. It gets you studying more and and again i mean i just think you know i joked about the bitcoin to a million.

I mean not not today the joke, but i just think it's just i mean i mean the cat's out of the bag. This isn't going back and there's going to be ups and downs through the way, but if you're, adding 50 bucks, you're, adding dips etc, you get exposed you get engaged, you get some skin in the game and it's the best way to learn anything i mean i Don't care what you're trying to do i mean you want to learn. I mean as corny as it is. If you want to open a restaurant someday, go to work at a restaurant, okay, start doing, dishes start get in the market and get exposed, and i haven't checked out kyle or matt's boot camp.

Yet i had too much going on, but i've heard great things. That's why i wanted to bring it up, and i just think you know you look back you're going back to last fall broke 20, 000 and it was like you know. I got a video back then i was like i'm like 20 21. Is it you know? I think in 2017 things got too heated.

It got ahead of itself. I told this story, i remember the day bitcoin topped i was i had. I was in new york city uh for a for a conference, and i mean i get. I, the the uber to the airport, talking bitcoin, i'm at the air.

I mean i get to the airport in grand rapids michigan little airport, little airport people talking bitcoin, i'm on the plane, everybody's talking bitcoin, i get off the plane. People are talking about. You know ether and and tether, and i'm like and on the uber to the whole, i'm like something's going on and that was literally the day. Bitcoin popped.

Okay, so i think we got a little heated back then took a few years to shake out, but but now i think the cat's out of the bag and you're just going to be a steady up trend from here, obviously shakeouts along the way. But i'm so bullish right, right, um! I was similar what you said like just getting engaged. I couldn't agree with more because i was the same way i mean back in 2017 um. I i bought bitcoin with a couple hundred bucks like right.

Before we went to 20k, i mean we were at like we went from 4k to 6k. I bought it out 5k and then i mean within two months. We were at 20. um and of course i only had a few hundred bucks and i and back then i didn't even know what a parabolic was right.

I didn't even i was like oh 20k awesome. You know. Luckily 6k was a fairly decent entry um, but i never sold and i just kept holding on to it, because i knew i wanted to be long-term regardless um. It wasn't really a trade and i just write.

I just started like learning and i started because i was i wasn't. I was kind of invested like now. I'm like you know, i want to know what this means and and again, like you said it's funny. You said dish like being a dishwasher.

I was, i wasn't a dishwasher, but i worked for a restaurant um. I was a server and i literally took my tip money and just every two weeks, every month, like just put more and more into crypto, more and more bitcoin, that's funny! You know i didn't know, i did not know that story. That was that was like that, that that's proof, maybe maybe kyle, and i need to do ayahuasca and tap into the global consciousness, because i swear to god. I did not know that story yeah and i still made a dishwasher analogy: yeah um, but it's just something i would do and so like it wasn't like.

I just became this guy, who was up a few hundred percent on, like so many cripples that i own, but it's like i just i just slowly got more and more invested, learned more and more and more and over those four years like again, like you said It took a long time for it to kind of, consolidate and and mature and shake everybody out and over those that gave you plenty of time if you were invested or even wanted to learn to really get the knowledge and be in it and still not too Late, like you know, the best time to start is today um. The last thing you want to regret is not doing it today because you think bitcoin's too high or bitcoins, this or big ones, that and in in a year or two from now it's over 100k or it's being used to buy. You know anything you want we're at any store. You want like it's, it's growing it's maturing and to not at least take a chance at looking at what it might do, or what it could do, i think, is the biggest mistake at least be open-minded to it.

You know now last question again: i am you know kyle and i are on different ends of the spectrum, i'm at least eight times older than him, i'm pushing 75 at this point, but so i'm i'm very risk-averse. So um, you know again it's just different stages of life. So what i tell people you know - and this is probably too cautious - i tell people - you know bitcoin ethereum, that's kind of it now. I know especially people with smaller accounts people with a couple hundred bucks couple hundred thousand bucks.

They want to look at the alt coins that you know the coins etc. Um. What's what's your opinion again, you're younger, you got a different risk profile. You know yeah.

It comes to some of these coins so right so there there's. There are coins that are all coins, which are you know, alternative coins that are not bitcoin that are not ethereum. They do maybe more smaller services or they're trying to solve a problem that may be smaller than the big boys of ethereum and bitcoin um. There are some ones that are legit like there are some ones that truly do provide.

A service are trying to solve a problem um, but there's also thousands of cryptos and to say all thousands of them will succeed. Um. I can't i can't be on board with that um. You know maybe it'll turn into like uh, maybe a smaller stock market, where there's just always going to be shittier coins that are trying to make it um.

I can see that, but the reality is a lot of these coins. Just really don't add any value or there's or they try to add value, but there's going to be competitors that just outwin them um. So i think, if you're, if you're trading them by all means you can trade them, there's going to be a lot of volatility. A lot of opportunity there, but i you know how it usually goes with even small cap stock.

I mean ceis, for example, too many people can't become believers right, um, and so i would just really make sure you know what you're looking into um and really be objective about it. Like what problem does this coin solve right? What does it do that? No other coin does um, and even if, even if you don't know, even if you're, not certain, just from a risk managed standpoint, how much of my net worth? How much of my trading account? How much am i willing to lose on this coin, and if it's over that, if you're emotionally too invested like you, need to make some changes um, that's the best way you can think about protecting yourself, um and just staying alive in trading and investing so well. Um, thank you kyle. I am so all the listeners out there.

This is a little. It is a little rushed. I wanted to get all our agenda items. I do have a good excuse, i'm giving blood.

My daughter is doing she's. The student council president and she organized the blood drive at school and i got to be there in 45 minutes, but i think we hit all the topics went a little fast, but thank you kyle again. It's awesome to catch up again. I have like person to person again two years ago.

I think at the conference. Uh was the last time i saw you. You know in person around this time, yeah yeah exactly so so we'll definitely have kyle back thanks kyle and everyone out there - and i know i say this pretty much every episode, but we're gon na go with this new agenda for quite some time again we got Uh we got uh bryce was last week we got jack coming up, we got matt, you know we're going to work through the whole stable of all and what we want to get to is. You know, i know i'm uh, you know.

Tim is known for going off on rants and tangents and and monologues for 20 minutes. What we're trying to do is bring you a lot more opinions and ideas from from a lot of these uh traders that are crushing it out there so definitely drop us. That comment head over to steadytrade.com, we'll link over to those charities that jack that kyle mentioned, as well as to his his social media. So you can follow along and uh have a good day.

Man thanks a lot. Thank you. So much we'll talk to you soon. Man so awesome see ya.

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