Anyone you see having huge wins is also taking on huge risk, no matter what no matter what you know, the win ends up being you don't see, what's gon na happen throughout that trade and what the risk ends up actually being on that trade for these people, Uh so like for me, i i just it's a risk thing: it's a risk, tolerance thing, 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 stephen johnson. We've got both of us back here steven, if you're watching on youtube, i believe, has extremely high levels of corona based on those bats behind him, i'm hoping you're not eating those in a soup or something which i don't even know. If that is that the working theory anymore, i lost track, but anyway steven is surrounded by many bats, and i mean it could be the rabies that he has for his erratic behavior as well.

But that being said, he's back and then we've also got roland wolfe. Here our our guest of the day, um really the agenda for today is you know it's been? Oh geez. I mean time flies. I i mean i've told this story so many times it's like to me like, and maybe it's the same for you guys.

Maybe the listener, like 2020, was like the year that like never happened, it's like it was so wild in the stock market that i don't think any of us ever left our computers and then we were all locked down and stuff. So it's like it's almost like. There's this void in the timeline, but that being said, i believe it's been a couple years. Maybe a year and a half since we've had rowan, so uh got rolling back here to kind of update us on what he's working on what he's up to and then, oddly enough we got lucky.

You know we. We basically stumbled into the resurgence of that 2020 market. We've got donald trump's backs coming, we got, we got weird cryptocurrencies, you know, bitcoins going wild shibuyinu was going wild until elon ruined it, but tons to talk about so welcome. Back steven welcome back roll.

What's up guys how's it going dude, i'm i'm seeing you in pictures and your shoulders are filling out more and more. Every every picture i say in. Are you steroids steroids? Are you? Are you? Are you hitting the gym? Oh yeah, it started uh. I don't know you know i moved to texas and obviously yeah.

We had the lockdown, but last year, just like bowen said it was just like trading trading trading trading trading. You couldn't you almost couldn't afford to like leave your computer. So that's kind of how it was for me too, and then that went all the way through the beginning of march and then that's when everything literally every single penny stock, every single one got extended like a lot on thin air, but every single stock on volume Between january and february, like leading into that, but then january and february, it culminated and all the nasdaq stocks all the otc stocks going up parabolically whether or not they had news. Every single stock got extended um and i think that's what created? What has been a really long low, pretty much in my eyes march? Until now it's been like there have been pockets of heat, but, like the rest of the time, man like those charts, every single daily chart, starting back in february, got soaked dude.

There was a period where there were no penny stocks. There were no. There were no sub 1 nasdaq stocks. I think there were three everything left like ten dollars.

Yeah they were gone. I mean they were gone so like on top of that you had the ev stocks. I was looking at some of those today like the plugs and the you know the blm blmks that a year prior to that were like worthless, posses they're still up in like the 30s 40s. They i was thinking, maybe maybe something's gon na happen.

There. We had some kind of news this morning and i'm like i don't even they're still up there. They never came back down some of those things so kind of an adjustment, and i think you know in my eyes, like it killed small cap for a while um. Just all of the over extension, all the bag holders, all the new traders who came in off the backs of like amc, gme um, but now we're seeing that that no one left everyone's still here.

They just been waiting. You know and that's what and so i you know, that's one thing i've done well. I haven't made a ton of money in this lull uh just kind of grinding my way through it, but you know i took. I took my pedal off like foot off the gas pedal trading wise and did focus a lot on my health this year, spending time with my family um.

You know all i got three kids. I have one on the way in december, which is madness, but we're stoked about it. A little baby girl coming mid-december. So you know i wanted to give as much time as i could to the three that i have right now before we have the fourth.

In a slower market and that's kind of how i adjust my lifestyle and stuff, if i have to be there, you know for a whole year straight. That's going to take care of me for the next couple years. Then i got to be there and and that's kind of the dynamic i have with my family. That's so great and my wife understands we've been doing this a while now so right kind of like you know there are times you got to be there all day and there are times where for me at this point in my career, it's better spent doing some Other stuff, you know trying to make myself more whole as a person uh make myself more fit, make sure that i'm gon na be able to live longer and be mentally fit and stuff like that too yeah, i think that's a mistake.

A lot of people make is that you know, and i get it, especially if you're new, obviously the listener most listeners are new, and i i think when you are new, you have to be there. Oh and you got to live through those slow markets because a lot of you, you know, like a lot of you - might be like well, how did roland recognize the slow market? Well he's been through once before? You know it's and uh, so i think that, but once you get to a certain point where you can recognize what's going on out there, i mean you got ta, you got ta. Do it because, what's the point i mean i mean at the end of the day i mean i guess, if you're like some crazy, jeff bezos character, it's about it's just about that number, but like again roland and i are very similar - you know our families are Number one and when trading in the money is just a tool and if you're, if you've got low energy, if you feel like crap, if you, if you can't, spend the time with them. What's the point - and you know - and i know roland knows this, but i mean my kids are old, i mean well, i got a 19 year old and a 16 year old and it's like it goes fast man.

It goes fast, you look you, you know, they always say the uh. The days are long, but the years are short. You know, and it's like for me. Looking back and and i think i did a pretty good job, but you can't get that time back and and that and that's what you got to recognize, yeah, that's and that's kind of and steven feels the same way about all of his prostitutes and stuff.

You know he's got he's got a very similar relationship. It's like you can never spend enough time with them, because you can't get that time back well and it costs money and you've got to make money to spend the money and that's true and right now in this market. I can't really afford, as many prostitutes as last year in 2020 was like every weekend now it's like pick and choose and you get the lower grade ones hey. You know what, though hey, but prostitutes are still going to be way less expensive than children.

At the end, oh yeah, exactly the prices are coming down with corona virus, so everything is but but rolling. One thing i will congratulate you for not prostitute. Relatives. Yes, um is, do i see your kids coming along really? Well, i follow all of your instagram yeah and i see your kids looking super talented at football from a super young age.

So they've got some wolf jeans in there yeah yeah, i'm super proud of them, yeah. Ah dude you're someone i admire from afar and unfortunately, don't follow in any capacity, but always always at night, yeah dude, uh yeah, i mean that's, that's the cool thing about trading. For me, at the end of the day, what it's provided is that ability literally for me now and you know, look at to like people like tim cortany, i mean he has two kids and he's i'm pretty sure he spends like every minute with those kids. Like he's been able to give those two children well again, what's the point of making 15 million dollars trading penny stocks? If you're going to miss your babies, you know and yeah.

You know gratani's kind of detached right now, but again what's the point i mean it's like you're either. Just what's the point. 16. 17.

18. 19. I mean he's, got yo yo. Why not spend that time? I mean he's got a skill.

He can just come back. So when they, when they go to you know, maybe when they start school, you know all of a sudden, hey yeah, oh yeah, they're off for they're off to school for the day, then you come back, but he can't get that two-year to six year period. Back so what's the point of making 15 million in penny stocks he's also made a lot more money than me. You and i you know, i texted him uh texted with him a little while back because it had been a while.

I just want to see how it was with the kids and everything and if he missed trading at all - and he said yeah, he misses it. He's like and i'm like. But do you understand how lucky you are to be able to spend every minute like when i was? My wife was pregnant with my second kid? That's when i discovered trading, you know what i mean he was like he's at like 10 mil at that 13 mil at that point, um yeah and then he comes back and like just smashes cei, he does you know he can. He has a skill set and a mentality and that kid's, like kind of from a different planet right but but like, but you uncovered boy yeah, no matter what, but but like he can come out and he's just how he's wired now, and he understands that.

All this, like so many things he can, he has that skill set like yeah he'll, probably have to dust it off uh and get used to whatever's happening in crazy markets at times, depending on how how long any trader takes off uh. But for me it's been more so like it's been slow, so i'm gon na not pay too much attention to all the slowness and chop on a day-to-day basis. You know when the market really heats up. You'll see me get more aggressive.

I've been trying to do that. That being said, it's kind of tricky for me, even these markets at times like i'm, not a chaser right, i'm not a chaser and so like even dwack like at 30. I'm like i like the breakout. I saw it i'm like this is, but am i chasing it and i'm like so.

I've had to do a little bit of adjusting you know, being more of a small cap trader uh, to take advantage of some of this volatility that there is - and it's awesome uh, but at that. But so i don't necessarily have to catch moves like dwack. It creates so much more uh if we have bitcoin break out. I've got a whole crop of, like you know, a whole different group of stocks to work with that i have eyes on i've been watching.

I have some positions: um they're, you know they're so like i'm kind of looking macro right now as long as we keep having momo like as long as we keep having that momentum, i'm going to uh try to be here and be engaged uh and i'm gon Na be a little bit less engaged with my family, just because i have to be uh but - and i have a baby coming. Obviously, in a month and a half, so i told my wife - i have to grind it out as hard as i can, especially if we're gon na have a hot market right now, um and then we'll see what happens after the fourth baby comes. But can i just get like an idea of like because everyone's known that you're kind of trading sales quite unique and you're you're, one of the first people to be known to make money on the long side on the on from the micro cap stocks before all Kind of went crazy, so, like yeah yeah, what was your playbook then like? What was your like top three setups? Then? What are your top three setups now like? How does it change yeah? I mean it's not too different. You know it's not too different, and for me it's not the setups.

You know we got breakouts. I have like gap and crap reversals where i'm trying to squeeze like early morning, shorts uh. What i've had to adjust this year is that the sheer volume of traders that have come in have made like kind of old school, just bread and butter setups like relevant breakouts stuff like that um. So that's what i've had to kind of adjust to, like you know, a lot of the stuff with v-wap a lot of things that just a lot of traders are watching.

I kind of have to keep eyes on uh some of the more basic patterns. I've gone back to at times, but for me it's just about making sure that on any given pattern, i'm only being super aggressive when it's in play, which it's just like on a weekly basis with small cap uh. So for me, that's what it's been about! It's not been um, you know, and a lot of my favorite setups over the years have gone away completely like when we had reverse stock split uh. The reverse split setups back in the day, dude that that was like when, when we're talking about edge and like a an exploitable scenario, that was there's not to this day for me, been any better long uh to have like a why and all that stuff back In the day, they'd do the split fade to a buck that was like 20, so yeah that was like there was like a two-year span.

That was it and you know, take your 10k 20k shares at a buck. It's gon na go to two and they put the pr out, and that was it that's a play. It might go to five. It might go to 20..

Those were all like if you look back at all the parabolic runners from that period of time between 2016 and 2000, when i started and 2018 they were all reverse splits. You know they're all recent splits, because those were the low floats uh dilution used to play a much bigger part. I think uh during the periods of time, because we didn't have them as a volume. So we couldn't really.

You know the dilution was king. At that period of time, so i was very cognizant of that during that training that kept me safe during that period of time. I had to adjust to that because at this point in time, like you know they do an offering they're yeah offerings that they're the offerings, the second leg, baby yeah, that's the dude, that's the dip. You know that's just the start so and and to for me that's what i've struggled with.

I think the most over the last year, or so, or some kind of older school things that if you haven't adapted like there, have been more opportunities in places where i used to say absolutely, not um. So that's what i'm trying to do, i'm actually expanding my playbook at the time i'm getting more into some swing trading um i've! Just because i mean i i was kind of you know as old school micro cap traders, you're talking like the day. The moves were one two three four day max on a big pump. Maybe it could do more stuff, but most of the time that first red day, death and destruction, maybe a bounce, and then that's you, don't think about it.

For a year that stock, you know uh that changed with all the new traders and all that i draw this on a lot of the webinars. I you know i'll draw this just trying to explain to people the difference. You know i'll draw this triangle and i'm like in the olden days. You know it's like it's like straight up and straight down like in the olden days.

This was like zero to four days. Okay, that was the standard penny yield yo four days dead like now. It's four months: you know they all still go back, but it's just they ain't doing it in four days and they hang around and hang around and hang around. You know, listen cei.

I mean chip hell cei's still at a buck. Fifty i mean it's like the the most blatant blatant out there pump by by twitter pumpers, and here it is it's still up 300. It started at 30 cents and i wondered i got that thing on watch man. I still think it might be come back again.

You know, but then we've got uh just to keep talking about state of the markets right now, uh and how things have changed since 2017, like going back to what steven was saying, new players in the game on social media, new players in the game with chat Rooms and stuff, like that and big huge players, i played one today on my size. That's one of the biggest that's one of the bigger chat, room, pumps, twitter pumps. You could say you know um. I sculpt that you know that's a strategy at this point for a lot of people, they're playing the pumps, um and they're erratic, and they come and go and yeah.

This is, i mean it's like. I have certain feelings old school as an old school short seller. My size is always one of my favorites, my size man, because of their their app to you know they like give you the size of your pants. Yes, but i, like i love it dude they've been.

I have. I have traded yeah go ahead. This brings a tear to my eye, though in penny stocks, when you've got a d, this stock is up a hundred percent on a deal with dockers in turkey, turkey, how glorious is that dude i've traded? I i've traded my size throughout the years. So have you i'm sure, yep we've altered, like my size and every time i've traded it.

That is the pr some retailer in some foreign country is using their proprietary sizing app like that is it hasn't changed over the years and that and so like i had to today, i couldn't uh, but i've made you know i so like i've been traded in. My size for years guys, you know it's not like it's not like a new comp like it's the same thing. It's just huge huge social media pumps, and you know what as long as they're there, you might as well try to take advantage of it. If you can, you have to be careful because, as as sure as they go up, they are going to go down.

Look at cei, yeah well and again. Cei's, been i mean, that's another great example. Like i mean ci's been around, you know, that's been a pump for years. You know so i took i.

I just took my size on small size from a buck 70 uh to 230, and i was like. Yes, that's perfect on something like this. It did hit three yep uh, but you know i i'm just uh what i'm trying to say is like. If things are there and they're creating volatility, you have to adapt, especially as a long um when times are hot like this, these are generally the times.

I'm gon na be doing some funkier stuff a little out not like not disciplined still in control, still minding my risk, but trying other strategies where we have a lot of buying volume across a lot of different sectors and stuff like that. Uh, the odds are more in my favor of at least having a little bit of follow-through as opposed to what we've seen for six months, which has been just like death and destruction. You know, especially on first green day gappers, which is kind of my thing. You know: we've seen a lot of breakthrough high day all day faders.

So why am i going to be hitting those hard? You know my size just for reference for those listening recording on october 26th. You know again: 200 million shares at noon. You know i mean, obviously this thing has been pumped, it's been: it's ran years years years years. This is ran, but i mean nowhere near on this side of kind of volume.

I mean not even close. No, no, that just shows you the difference these days and that's exact. It's a perfect! It's an absolute perfect illustration of like what happens now, and it's and social media is a powerful tool and, i think kind of like i want to know how many people no and again this isn't a bash on turkey, but seriously dockers. How many people, how many people are in turkey are wearing dockers? I don't know, i have no clue.

I have no clue can i can. I just ask a question. I'm curious because everyone's got different trading styles. Obviously, when the market's quieter you're not really traded as much you're putting the foot off the pedal, but when things really get hot like this, like, i see the likes of like bryce toohey he's he's on steroids, he's really creating heavy, and you know because you're in The same offices right like so how is your style related to him and how often are you pressing the buttons here's here's another issue: i've been having it's like, i am kind of from the old school and the new school is different.

This new these kids. These days are there, they don't play games they're like really slinging chairs around, and for me it's you know, i'm kind of inspired by it in a certain fashion, like i think i can crank my training up to the next level too. I see what they're doing. I see the levels they're using, i know what the strategies are and all that kind of stuff, but for me they're, taking on big risk as well.

You know if you're trading, huge anyone you see having huge wins, is also taking on huge risk, no matter what no matter what you know, the win ends up being you don't see, what's going to happen throughout that trade and what the risk ends up actually being On that trade for these people uh so like for me, i i just it's a risk thing: it's a risk. Tolerance thing um well, and i think this is where you know that that you know - and i think a lot of people got to be careful with the whole comparison idea too, because oh yeah, you know again, i mean i mean you know obviously bryce young single. You know here roland is, you know, he's got, you know a kid on the way he's got three kids all right, he's the sole breadwinner of the family and he's got different responsibilities yeah. So it's like you got it, but so you got ta.

You know you ultimately you're customizing it to yourself but yeah, but yeah i mean i mean, listen, you know, i've told this story so many times i mean when i was 22. There was no. There was no internet okay, but i mean i would have been trading. So much different when i was 22 versus 48, with kids going to college and everything else.

It's just different. You know 100 100, and everyone has to keep that in mind like it's, not at the end of the day. So like d-wack, for example, all right day. One it rips everyone long gets rich.

A lot of shorts took massive hits on day, one on d-wack, like prominent ones like out of the game dude. So for some context, just you know just for the listener. Dwac is the stock we're talking about. You can look back to it would have been october 21st.

I think anyway goes from like 10 to 180 and 24 hours, but imagine imagine you think i've got half a million of me count i'll write this out. Imagine you thought that yeah yeah. That's true. That's true, it's very possible, but - and that happened clearly uh clearly but then day two you like on twitter.

That's when you see it like. I made this much. I made this much. I made this much.

I made this much of it this much and in my head i didn't make any of the whack, like i pretty much pussed out like at 30 and on the in on the unhauled when it dipped to 20.. I pushed out on both of those uh and then i'm not a chaser, so i pretty much just stood in fomo for the rest of the day, uh and the next day too, because i'm not going to buy it at a buck 20. If i wanted it at 30 bucks, that's just not me uh! Even if that's what the price action says the next morning and it's gapping up, it's gavin up to me. It's so far gone at that point.

It made me sick. You know what i mean uh, but but my job as a trader is not to care anymore about that, but to understand that that's going to provide maybe another opportunity for me uh the next morning we had grom g-o-r-m c-r-t-d f-p-h-u-n m-a-r-k. You know that little group of stocks all gap up in sympathy, yeah they're, you know, there's a group of them. I ended up buying grom a social media company, for i took it from like the fours to the sevens telling me i didn't have that many shares.

I, like i, like how you're you know. You know again that shows you the world, we're in your you. Basically, you almost doubled your money on that and it's like only you know so so lame. Yes, but that's how but in context of what dwack's doing and what what fun was up a thousand percent right that morning p-h-u-n so so like my job, is to then use whatever information.

I have and not be all emotionally jacked up, because i missed a couple trades uh and that's, but i that's so like to me the reason i got so jacked up about. That is because i had a high conviction that catalyst and the scenario and the slow markets recently and everything else it kind of had all those elements for that big squeeze and i knew it uh, and so my job is to move on from that. And that's what i've been doing and i'm just pushing on and we're gon na see how long and what this sparks for us and i'm just gon na kind of react accordingly, without getting too crazy. Like i said, i see some of these kids slang in chairs, making some amazing money, and i and i have nothing but respect and admiration for people who can do that.

Um and i - and it does inspire me to open up a little bit more in terms of risk, i i my risk is always on the smaller side uh, but keeping everything in perspective. Like tim was saying, i got, i got kid, i got kids and stuff. I can't be uh, you know, oh, that's like all their college education in one trade in terms of risk, for me is too much but uh i mean for the likes of daywack. I mean we're just talking about it now, just before the podcast and you you're saying something around the lines of just wondering what you want to put into this.

So, are you looking on buying the dick yeah and like, and how are you guys yeah, like you know, yesterday or the day before the sympathies with like the likes of salm? What what's your idea double bottoms god? I saw the reason i struggled with the sympathies. So much is just because of what they were like fun was up from a buck to whatever and we're talking about mark. Let's talk about mark, i'm not sure what the catalyst was. I know that there was.

I saw circulating of the sea. I think it was all i think it was an imaginary catalyst. I might all i saw were pictures of apparently the ceo of mark with donald trump jr on social media. I'm pretty sure, that's all i could find it's all i could find and to me i'm like, oh, like i can't buy that up 500 on that picture.

Can i i can't personally, and some people made great money on it. You know p h. U n was a similar rumor types and those were all on rumors that they work with d-wack. That being said, they did move pretty well like they were good sympathies um, but i you know crtd already did an offering um we'll see what happens.

I think if dwack goes, i hate to say it but you're going to see them pop. It's just going to happen how far they can go. That's a whole nother thing and it all comes down to dwack to me. So i i have eyes on it.

I don't you know, i'm not saying this is dead and buried. I think there's the other thing right now. The other thing with d-wack was like literally people's mothers and like fathers, and everyone like it has a different kind of thing going on macro wise to me. That's the only reason that you know this isn't completely dead to me and i am interested at all, but well.

Dwack was like for me as it was it was. It was the most recent one where i i call them: civilians. Okay, when i say totally 100. The the the people and when i in in like when roland or i are people in in that's like the people that are kind of like i mean everyone kind of no.

You know you see the stock ticker. Everybody kind of follows the market. But when i say civilians, people like with day jobs, you know that aren't actively trading and i'm getting messages and i'm getting buddies, texting me and i'm like. Oh, this is something you know.

This is like bitcoin in 2017. You know totally so so we're in an interesting time, um and i so like right now. I'm super engaged right now. I'm super super engaged uh and that's not to say, like i haven't been trading, you know over the last since february march: it's just i've just had it under control right and that's because you can't take much more than the market.

Well, you can't take any more than the markets are going to give you it's very common phrase, but like across from what i trade i need volatility and every single day for the last up until now, six months or so, the top percent gainer. Most of the time it's been about 30 percent, 20 percent, uh 25 and just kind of like you had to be kind of nitpicky single oriented unless you had some decent swings going, which was tough too so so kind of interesting. I'm really looking forward to see. What's gon na happen the next two months, because we got two more months left in this year, just like tim said this year has flown the last two years.

I don't know. I have no clue. What's happened, man, you know it's just uh kind of flown by here, so so what you're? Picking up in terms of when you're saying you start to look at swings, i've heard all that good traders saying that they're starting to look at things as well. Is there any kind of specific things or criterias? Are you just thinking all right, bitcoin's getting hot we've seen breakouts, let's get getting some of them all.

What are you looking at there yeah really sector oriented a lot of the time. Um we got nft stocks. We've got like the bitcoin stocks, i'm, i think they kind of go together like i'm, i'm not 100 sure i'm not like a big crypto guy, but i think like eth and nfts. They kind of you use eth by nft.

So pth goes up. We should you know that kind of thing, i'm just keeping my eyes open, i'm just keeping my eyes open for the other thing we've seen are like backside runs. So if we're seeing stocks go parabolic, we've seen good bounces on some of these things like, like, i said, a lot of strategies that i haven't. U didn't use for a long time because they didn't really work that well have been working a lot better, so um yeah, that's kind of that's kind of the idea.

Biotechs haven't been so hot lately, but those will come back into play at some point. Um, we'll kind of see what happens, i'm just trying to react going into the end of the year appropriately. That's all and take my piece uh, it's been, it's been definitely a little bit more challenging every year for a lot of people. I think - and i think there's so much pent up like aggression, uh and you know, people just dying to like yolo stuff and that's what you're seeing right now um.

So that's my goal: do you have any predictions for 2022 based on the the mean year of 2020, then the lull of 21 and watson? 22. I don't know man, i'm so confused. To be honest in terms of like the macro picture, with the markets right now. I am like the macro in terms of likes we're just hitting all time new highs like spy new highs, just new highs everywhere, but like that's, not how the world feels to me.

Yeah, that's the interesting you know like like. I was talking about this on a webinar. It's like i mean basically everything's at all time highs. You know the spy, the dow bitcoin nfts oil, i mean pokemon pokemon reflexes, so so it's like that's where like in especially like with dwack, i was just like.

I don't know i i hate to you know. You know i hate to say it, but i almost wonder you know and i'm no doom and gloomer, but i just wonder if, if maybe we're in for some sort of like hard yank, you know going back to like 2007-2008 when i got started, and i tell That story a million times man, every penny stock failed every sin and it was the glory days of short selling is what i call it and yeah, and it's just like. I wonder if maybe but the only reason i don't say that is again, you look at what what's different about a dwack or any of these i mean dewac traded 500 million shares and it was a you know. It was like a 30 40 50 stock.

I mean that did not happen in 2007-2008. There was, i mean i mean nothing like that, so the volume is the one thing that i think we're not there yet, but anyway yeah, i don't know, i'm i'm just gon na kind of react as we get into 2022. There's there's money to be made in any market, so personally, personally like just from where i'd like to be, is, i hope we get a pool. I hope things pool like and feel better to me in terms of buying stuff like right.

It's it's just wild to me like uh. I would love to invest in some of these companies and stuff. I just would like a pool, and it's just you know what i mean and there have been every dips been bought like in the overall markets. For quite a while now um, it just doesn't make 100 sense to me, and i know it doesn't have to it's just and i've keeps i've been saying this for a long time.

No, it's not! It's not like it's. I've been saying this for a long time. Like no matter what i just remember the days where like, if there were world events markets, would react to them. Yes, that - and you know it wasn't that long ago, but at a certain point that stopped happening and like no matter what's going on in the world, the whole world could be burning.

Spy's gon na hit new damn highs tomorrow, yeah, so until so until it makes more sense to me, i'm just gon na react appropriately. I guess you could say and uh the other thing. That's i've been getting some emails about about um some new stuff that you're putting out. That is quite curious and i was glad to be on the list for it but uh.

So, what's what's going on because i believe you've got uh some new, some new teaching new course yeah i've been i've still been teaching been teaching this whole time uh up until i don't know like eight months ago, it was just like my private group uh, my Wolfpack group that i've been working with for i don't know years. I have two millionaire students out of that group. Now nice uh yeah, which is just awesome and they're savage traders, man and there are some of these kids who are also pushing the limit, uh size-wise and doing some things, some cool things um, but yeah. So we opened up a new service now uh, it's called rolling wolf's trading, accelerator uh and i'm basically working with, like any traders of all skill levels like from brand new to more established traders and stuff, like that um, maybe traders with experience and it's gon na.

It's a really like hands-on um full, like mentorship group um. You know i wan na get to know these people uh and try to help them navigate like a lot of them are new and like just help them navigate so much that they're going to have to experience as they get into trading, especially small cap. But just trading in general um in terms of gray areas like kind of helping them get from a to z, um and then kind of so it's kind of like a 90-day boot camp kind of format where we start with uh, just the basic kind of stuff. Then we get into technical analysis, fundamental analysis, um and then deeper into like the gray areas of small cap and trading, the psychology uh the dangers.

You know kind of how dilution works and stuff like that, and what that means in today's market, which is different than it used to mean uh, you know, so these companies are getting rich these days with the volume and the amount of shares they're allowed that they Can dump out there you're seeing these small cap companies actually become mid? Mid cap some become large cap companies at this point, which is kind of wild uh, so that kind of thing uh live trading. We do. You know two live trading webinars a week, uh all that kind of stuff gon na get into boot camps again uh, but that, but that's the main thing that just started up um. It's a brand new group and yeah.

So the goal is to kind of have this group of traders progress together, um and then my goal is never to like have clones of me because that doesn't work in trading. You know like it's just not how it is the way people are wired is so different. It's just to help people find their navigate their way through a really difficult initial learning curve and get through that as quickly as possible, uh. But then the secondary learning curve, which is you know the more important stuff like the trade experience, the psychological stuff because we're all looking at the same charts and so ultimately, at the end of the day.

It's like what's between your ears and how do you control that uh? It doesn't. You can know everything in the world, but if you don't have that kind of control, uh and knowledge, then yeah you're in trouble. You know you're in tons of trouble, and then this becomes a game where it's like just gambling, um and penny stocks are corrupt and blah blah blah blah right. You know what i mean you get into the blame game and all that good stuff.

But it's really just we're the ones pressing the buttons and how do we control that and what you need to know going into trades and going into the market on a daily basis, uh, so yeah, i'm really excited about the group uh. I haven't had a group of newer traders in a long time and i my other groups, basically like self-sufficient pack of really good traders at this point. Um and some of them are in there as well. So it's kind of cool yeah, pretty stoked about that.

If you want to give a go-to first pattern from there, what would you be? Your go-to first pattern that you're trying to introduce them, though i'm just curious, i have i mean i teach dip buying and just like as a and for me it's more a risk reward thing. So, like that's what i kind of pound into my students, it's like risk understand your risk. I understand the risks involved in your trade. Well, that's.

I think. That's the biggest thing that people screw up with with dinner. Is they i mean? Listen, you can, you can buy a 5 10 50 dip, but if you don't have any freaking stop you know it's like, but then they're like and then they're like well i'll, just add to the dip and then i'll just add, but then so so. For me, it's also key levels like understanding key levels and where there are higher probabilities of a bounce and which patterns will also promote that higher probability of a balance.

Because short sellers may cover seeing a potential bottom, seeing a potential key level of support. Holding. And that's the whole point of that. You know support should hold that's why we call it support, even though, obviously it's going to do what it's going to do, but at the end of the day like for me, it's about taking noobs, taking new traders and get them away immediately from chasing stocks immediately, Like like as the very first foundation for me, i want them to not look at stocks that are spiking and try to get into them, uh, which is a really different thing.

You know it's uh, i i promote them and there's a lot more to it. Obviously, there are times where you need to be watching that stock, that's spiking, but in terms of entries and then understanding the risk involved and how to uh grow a smaller account, in particular, finding good opportunities with good risk reward. High probabilities of bounce, where you can take a single or maybe a double repetitively uh, that's kind of where i try to steer them and then understanding the fundamental stuff that they need to know. Uh the dangers behind some of the stuff involved, understanding the pumps and stuff like that and how social media uh plays part in it just the whole all the gray area, that's not necessarily just in a book somewhere.

You know that's kind of what that's kind of what i've uh. Well, that's i mean and that's why i definitely so so. If you're listening head over to steadytrade.com we'll link everything to just check out roland's program but but yeah i mean that's that i'm glad you said the book thing because again i'm an avid reader love books. I highly recommend books, but it's like most of the stuff.

We're doing the last couple of years, there's no books on this stuff. I mean we're. Writing the book right now, exactly it's a new book. You know we went into madness mode at this point and it's like you know it's like again.

You look at some of these big moves, whether it be social media, pumps, discord, pumps or the reason for the moves is just this stuff isn't in trading books the last two years, no, no so and everything's on steroids. When, when the volume, because of the volume again the volume uh, we got big short sellers around, you know you got hedge funds that come in when these things start getting into the hundreds and 50 60 70 80. They can't help it that's their job. A lot of these hedge funds is to hit stuff like that and make those big returns for their clients uh.

So that's when and then you see stuff like amc this year and gme. You know mind blowing mine like, and that and i missed all that too. I missed a like: i hit express for a really i hit some of those sympathies hard but like gme, i wasn't buying it at 200 or buying call options at 300, and you know it's uh, it's wild. It's it's really wild and i'm just trying to kind of take it in and uh and refine my trading and my edge.

Based on what we've been seeing. You know, and that's all we can really do and then help my students help my students, you know develop, process and understand how they can do that for themselves, improve their training, because that's ultimately what it comes down to you have to see what you're doing right See what you're doing wrong cut out the bad and you know - and the problem with that is - is the all the variables involved with trading and within the markets. You know there are times where i'm taking entries that in other markets there's no way in hell ever not with your money. Do it would i take that entry? You know what i mean um and that comes with experience too.

So that's the other thing. I try to at you know at a minimum for them. They're gon na know uh. If i'm being aggressive or not.

You know they're gon na know that if things are hotter or they're, not hotter um and that alone can save like newer traders, you know understanding. It's not always time to be going 100. You know a thousand rpm uh. There are a lot of times where you should not be trading at all.

In my opinion, um. Well, i mean i think back to you know i uh well. I was basically a week and a half ago i i did you know like five straight webinars, just begging people to like either review your data. You know, watch past webinars, you know if you bought some dvd watch it i'm like.

Please don't please i'm like, and i kept saying i'm like it'll change, okay, just wait and then all of a sudden hx comes along and then hx was wild, but then dwac made it look like a joke and then here we are this week. It's like you can't even keep track of everything today so yeah, but at the same time it's been kind of choppy. So yeah you know. So it's been uh.

So it's good! It's let's! I'm i'm welcoming whatever's happening, but i'm also ready to like kind of dial. It back if i have to, because we don't know uh necessarily what it's gon na look like the more this continues, though the more you're going to keep it. The key one of the keys for me is when that pocket's there, especially when things have been slow. You have to kind of hit it if there's a pocket of momentum, you got to hit the pocket, you know and uh and that's been something i've been good at throughout the year.

So that's what i'm trying to do right now just keep hitting this pocket. While we have it - and maybe it's two months three months - maybe it goes through till february, where we have runners, runners, runners, runners, that's best case scenario, you know what i mean and i'm going to treat it that way until the markets say: nope, no more runners And it's really that easy. You know once the runners stop, i chill out a little bit and then let it let things shake. Let things shake, which is how i trade in the more like.

That's how i trade, i'm not really placing trades first thing in the morning. I'm a big advocate of letting things. Let all the gamblers just like take their size in the morning and do whatever they're gon na do and let levels set up and then you know paint a bigger picture for you um. It's a lot easier that way at times, especially sorry, i'm still we're live.

There's charts going so i'm still kind of yeah a little distracted man. What are you looking at right now? I'm curious just whatever bro d wax up. I got uh. What's bimi doing, why is bimmy a b-i-m-i all right, they're they're old school yeah, but i was gon na say i didn't know it was old school runner, yeah yeah bim has an old school bitcoin chinese runner right, yeah yeah.

I saw him earlier at 80 cents. Thinking, like you know, maybe in this market and that's what i'm saying in a market like this 80 cents on bimi with some with like uh bkkt. I think green uh yesterday on crypto news, crypto stocks have been kind of you know getting a little bit of traction again uh. I think it all could be dependent, obviously on this bitcoin breakout uh, which isn't dead yet still holding up for now, but yeah.

But i mean what do you expect me? Well, the likes of me just to say that it's funny, because you can look on the daily right and it went from like 80 cents to 12 on 20 million volume and you're like well. If it went from 80 cents to 12 on 20 million volume, what can i do in this market? I know, but but that's a good example. I mean it's done 48 million today granted it was a trading at a little bit higher price back then whatever but yeah. It's i don't know things are and that's.

That is what i keep in mind and i have to adjust like throughout every market. You know it's just like any market, i'm just adjusting trying to dial back my aggression when i need to, and that alone has kept me pretty good. You know making sure i'm not risking too much when i shouldn't be risking too much uh when things are hotter and there the time comes to press a little bit harder and i'm swinging, maybe multiple bitcoin stocks over the weekend. Looking for a bitcoin push, i am risking more on those weekends and some of my bigger losses will come on those weekends, but those are also my biggest gains.

You know when i'm able to swing a sector, everything caps up 200 over the weekend um and you take your easy profits like that's what i live for as a trader. Personally, i love there's nothing better than that to me. That's what can make my year um and that's why i played this game too. Grind it out, grind it out.

Grind it out. Just try to put myself in the right positions and at some point you get your double your triple your home runs uh. That will make your month that will make your year and and that's what i tell people too, you know it's. It's really important to just stay alive.

Man. Yes, because you know, if you're out of the game, you know you could have maybe just blown your account up the day before like on hx or something, and then d-wack comes literally that day, um and you're out of the game. So it's just one of those things you try your best uh to survive, slower markets grind away, singles grind away singles ground away singles and eventually the time comes. You know i've been saying that for like six months by the way in my watch list, i'm like i'm just waiting, i'm just waiting to get really aggressive again, i'm just waiting waiting waiting, never's like well you've been waiting a long time like well.

This is just the game like and the weather. You know in the grand scheme of things: it's not that long. You know. No, it's not dude.

2018 2019 were like. It was like two years of that. You know what i mean um and - and this was even hotter like 2020 and compare that to 2018-19 or 2021. I'm sorry this year.

Compare that it's like way higher bro you, you don't even know what 2010 to 2013, i don't even yeah, i'm sure it was like what like 10 000 volume on it. Oh, if you had one like 20 gainer on like, like you, said on like 200 000 chairs, it was like a whole. I mean everyone and it's like. Oh, it was bad they're, still trending paper on the floor over there right now.

The orders oh 20, 10 to 12. I always i call it. You know, because you know again and i've told this story a million times. You know 2007 is when i started and then 2007 like 2010 was when i called that the golden age of short selling and then that three year period - oh, it was bad.

So bad just i mean days and days and hours of just waiting for something to happen, then, but anyway, so it could always be worse. Yeah, but then technology, and then this year in particular it went. Viral trading went viral. That's what happened! It went viral yeah.

So like this is a thing retail is here to stay, see and that's why i don't think: that's why i don't as much as you know earlier, i said, hey you know, but i don't think we're going. It's not the cat's out of the bag. Yeah yeah, whether or not we have a big market crash, we're we're going to have volume here man. I really do.

I think retail's here to stay uh. I think there are a lot of new traders as a profession they're just doing this now like this. Is they made maybe a crap ton of money on gamestop? A lot of people lost everything they had in those moves, too, which you have to obviously keep in mind, but i think that's kind of the new game. We had the stimulus checks.

We had all the perfect formula for people to just trade. No one people even now today are getting laid off from their jobs as nurses as firemen as corporate workers and like damn. What am i going to do? Well, there's not too many damn options, you know for a lot of these people. Well, this is an option for a lot of these people at this point they're, where else are they going to turn? They have to figure out something to do to make money and well yeah, especially i mean listen, you know you can you can out.

You can always learn a new career, but i mean listen. You you go back to college you're talking two three four years or something the nice thing about trading is now. This is obviously a double-edged sword, but the nice thing is, i mean you can start today. You can start today and i think, a lot of people.

They, if once they start you get that first game you get bit by the bug uh so hopefully, for you know, i don't think the volume look. I mean the volume is crazy right now, man, where it's only it's only getting bigger and bigger and bigger. So it's here to stay and i'm stoked about it. I think this, i think the markets, the overall markets are not necessarily healthy, and i, like my in my view of what they what healthy looks like.

I guess you could say right uh, but but the trading is good. The trading is healthy, uh, not healthy moves like and from a trader perspective that, like 10 to 170, is not a healthy move, but for us it's amazing, it's perfect! It's what we want and it's a good place to be right now. Well, that being said, thank you roland. It's nice to catch up again, uh 100, to all of you again, listening um we'll head over to steadytrade.com.

It's always the easiest place, uh, we'll we'll link everything that roland mentioned. You know he's got a couple programs and uh. You know i tell you, i can't recommend enough, you know i i listen.