In this episode of the Fresh Air Podcast, Cashflow chats with Casper the talk trader. Casper is a 20 year old college dropout who made it big in the crypto space by trading Bitcoin, Ethereum, and XRP. He talks about how he got started in trading and how he was able to make money trading crypto.
00:07:30.000It was insane value about how to meet billionaires and millionaires, how to raise value for yourself, even if you have no value at all at the very beginning.
00:09:44.000And I thought, oh, I've got to figure it out.
00:09:46.000Is it common when you're making money in trading, you kind of like, say, you know what, I did this, I made a bunch of money, and you kind of just don't learn the skills properly?
00:10:38.000I think like a lot of times when people come into money real quick, especially when you're younger, bro, especially when you're younger, it's how you learn though.
00:10:44.000But I don't think there's anything wrong with that.
00:10:45.000I think you kind of got to go through that, right?
00:10:47.000Like you got to have like, maybe it's not on as big of a scale as I, you know, because I lost everything.
00:11:31.000Now, I've made over the last four years $4 million total, like crypto, trading, everything.
00:11:36.000But, you know, in terms of like lost in one day, I've lost like $80K in a day.
00:11:40.000In terms of most I've ever made in a day, it was $80K. It was like $88,000 in a day.
00:11:44.000But, you know, those are all just, you know, the thing that really comes down to whenever it comes to You know, learning from all those losses and not really looking at what's the most I ever made in a day, what's the most I ever lost in a day, you kind of try to not even think about it.
00:12:16.000But it's high risk, high reward, right?
00:12:18.000Yeah, I mean, I think to be honest, you kind of get numb to it, too.
00:12:22.000And once you're confident that you can make it back over time, that's the thing that's hard about trading, right?
00:12:27.000You can't really control what's going to happen.
00:12:29.000You can only control how much do you lose in one day, or how much do you lose in one trade, how much risk is out there.
00:12:35.000That's the only thing you can control.
00:12:36.000No matter how good you get, you're not like a psychic.
00:12:39.000You're not going to just be able to predict things.
00:12:40.000So you've got to be understanding that you're going to lose that money from time to time.
00:12:44.000But the trick is understanding probabilities and understanding like, okay, I have an edge over time, right?
00:12:49.000And then you've got to just keep chipping away at the block and really just not getting your feelings about it.
00:12:53.000That's another big thing I see newer traders do or even traders that are intermediate that kind of know what they're doing but they can't make money.
00:13:00.000It's because they get so caught up in whenever they take losses or they have a losing streak.
00:13:04.000They look at it like it's the end of the world.
00:13:05.000When in reality, if you know what you're doing, it'll all come back together.
00:14:03.000I mean, some people may, I'm sure there's some guy, there's nothing that's true as an absolute, right?
00:14:08.000Like, there's outliers, but like, dude, you're not gonna come in this game most likely and just start making money in three months or six months, right?
00:14:14.000You need to come into the game expecting to lose money for a long time.
00:14:18.000And I think you kind of got to come into the game and almost, in a way, get addicted to it to even stay around long enough for it to work.
00:14:23.000So getting into it whenever you're at, like, you know, ground zero, like, you know, rock bottom, so to speak, it can be beneficial and have its downfalls because, you know, you don't have enough money to really make money, but you get addicted to it and you don't give up.
00:15:10.000Let's say if there's a company, right, that sells a test you can take, right?
00:15:15.000So you can go and pay, let's say, 50 bucks, okay?
00:15:18.000Out of those 1,000 people, let's say 1,000 people buy it.
00:15:21.000Well, out of those 1,000 people that pay that 50 bucks, very few of them will actually make money because the rules of the prop firm are so damn hard.
00:15:27.000So then the people that ended up making money, they'll end up just paying those people out with the loser's money and then keeping the rest.
00:16:33.000But I say all that to say, bringing it back to where people mess up, is they come in and think that there's this crazy opportunity that they're going to get real fast, and they're going to make a bunch of money.
00:16:43.000So a lot of the battle is people just really developing themselves.
00:16:47.000For example, when I work with people, one of the things that I do is I have them do track habits.
00:16:52.000I have them really just start doing a bunch of life stuff, like get your shit together because you're not going to come into a business where most people fail.
00:16:58.000Statistically, most people fail at trading, right?
00:18:37.000I think right now it's around $20,000.
00:18:40.000And if you wanted to actually go and buy that, obviously it's a lot of money, but you just have much less money that you've got to have for your maintenance margin if you're trading personal.
00:18:47.000Now, if you're trading prop firms, they just kind of give you whatever because there's no real money.
00:18:51.000They just tell you how much you can trade.
00:18:53.000So is futures basically trading on leverage?
00:19:40.000So, futures, funny enough- Because you mentioned all these different industries, hogs and all this other stuff, so I was like, wait, are we talking about trading on leverage based on what you anticipate will happen in the future, or- Right, correct.
00:19:52.000But what's actually interesting about futures is they're used to hedge by different industries.
00:19:57.000So, for example, let's say if oil, like a big oil company, is expecting that oil is going to drop its price, well, that could pretty much bankrupt that business if they're in the multi-million dollar, $100 million of doing business with oil.
00:20:08.000Imagine if oil drops $20 a barrel or $10 a barrel.
00:20:14.000They can go and short crude oil contracts.
00:20:16.000That's originally what the use of them was for, like an economic standpoint.
00:20:19.000But then you get traders come in and trade the markets.
00:20:22.000So that's kind of like what, you know, for example, there's even like, let's say if you're a farmer and, you know, because they have futures on crops and you want to bet like you're expecting less rainfall or less precipitates whatever coming that season and you're expecting a smaller harvest where you can kind of hedge yourself.
00:20:39.000Now, of course, like most people that are listening probably don't even know that.
00:20:41.000I just figured that out just from, you know, curiosity.
00:20:43.000You don't need to know any of that to trade.
00:20:44.000That's just kind of like a little bit of a...
00:20:46.000But it does help understanding these different industries that you're trading within.
00:20:49.000And you said that there's futures literally for almost anything.
00:21:11.000So let's say I'm someone trying to get into trading first time, and imagine yourself with zero dollars, very low income, but you want to actually get into trading and minimize mistakes to the fullest.
00:21:24.000How would you as someone that's like an expert in the field start trading now in the next year and get your best foot forward rather than feeling multiples?
00:21:33.000I mean, you got to feel it eventually, but how do you minimize feeling to gain a maximum profit?
00:21:37.000You know, I would say first things first, submit the time.
00:21:41.000Like, go ahead and submit that it's going to take you a little while and it might take you less than it would have if you've been trying to rush.
00:22:01.000For example, let's say you're talking to a girl and you think she's out of your league, you're gonna act like a fucking whim.
00:22:06.000If you're in a trade and you think this is a lot of money, you're gonna fuck it up.
00:22:10.000If you're in a business decision, you don't think that, or in some business you think that you don't know what you're doing, you don't act naturally.
00:22:16.000So that's another thing people don't talk about.
00:22:17.000They just talk about it from saving yourself from losing money.
00:22:19.000But it's more like enabling yourself to make money.
00:22:22.000Because you can't go out there and not be acting natural and make money.
00:23:00.000Probably takes time because there's nuance to it.
00:23:01.000You got to go out, get your hands dirty, Realize like, okay, well there's different scenarios that can this can play out and stuff like that And I would also to add on that find somebody who actually trades live right because a lot of the people that teach how to trade They'll teach you with like a you know, a old picture of charts or whatever, right?
00:23:18.000So if they're not trading live, you don't learn the nuance and the execution, right?
00:23:23.000You know, it's like how many videos you watch or you've seen or books you've read that give you all the strategy and all the game of course Go do it You're gonna fall.
00:23:33.000So there's just so many things you can't explain.
00:23:35.000Like if you're trying to learn how to swim, and Michael Phelps had a book on swimming, tells you everything he knew to get gold medal, everything.
00:23:43.000You're gonna read that book and go swim like him?
00:24:57.000Pug H. Off topic, would you rather speak or peak in college, such as D1 Athlete, frat, etc., or peak at 35 with financial stability, own place, etc., and why?
00:25:09.000This is, uh, what do you mean by peak?
00:26:19.000I mean, peeking at in school is kind of lame because in school is like, you're impressing people at school, but in real life, real worlds, that's way better.
00:26:27.000So let's get through your story, man, how you came up, your humble beginnings, and what you did at the very start of your journey.
00:26:34.000So tell us, growing up with parents, school, what you did, and your crazy business you had that was a bit bad for the feds.
00:27:00.000Like, for example, it was like, if you're not the best on the team, if you don't win a fight at school, like you better get ready for your punishment at home type shit.
00:27:16.000Um, So, yeah, I grew up with amazing parents, right?
00:27:19.000Like, it's kind of crazy that I got involved in all the stuff that I did because it wasn't like I had to, right?
00:27:24.000And whenever I was born, my dad was kind of on the come-up, so he was in corporate carbide sales, which is like tools.
00:27:31.000So basically, he was selling the bits that go into the lathes at plants that would, like, for example, Beretta was a huge customer of his, right?
00:28:01.000They weren't extremely financially investing or anything like that and lost everything.
00:28:07.000The house was gone, jobs gone, cars gone.
00:28:11.000We ended up having to move over to the poor side of town that was a house that a family friend owned that would rent it out to them for super cheap because we just didn't have a place to go.
00:28:20.000So to me as a kid, and I was 12 at that time, or I think I was either 11 or 12 because I can't remember the financial crisis, what part of 2008. Anyways, I was born in 96, but...
00:28:30.000At that point, that was when I started realizing, I didn't even, like, I didn't have a care in the world up until then.
00:28:35.000My mom took me on all sorts of vacations.
00:28:37.000Like, all my friends that had parents that, you know, had bad situations, they all came and stayed at my house.
00:28:42.000Because my mom was always, she ran away from home when she was a kid.
00:28:45.000So she always had, like, a soft spot for that kind of stuff, right?
00:28:49.000So, long story short, I had a golden childhood.
00:28:52.000But then, when all that happened, she had to go back to work, right?
00:28:55.000So I started, you know, I wanted to understand, like, why is this shit happening?
00:29:00.000You know, like, how are we gonna fix this?
00:29:02.000Like, when are we going back to our house?
00:30:01.000So, at that point, I was home alone all the time, and we moved to this area.
00:30:04.000We had a neighbor that was, like, these older kids.
00:30:06.000Thinking back, these kids really were some motherfuckers, because they was, like, 16, but I'm, like, 12. So, like, I started going over there, like, playing basketball.
00:30:12.000They were smoking weed and shit, so I started smoking weed with them.
00:32:17.000So, you know, I became, like, I was, like, in 9th grade.
00:32:20.000Like, the summer between 8th and 9th grade, I was selling weed to, like, seniors and shit.
00:32:24.000So, real quick, I started, like, taking off in that.
00:32:27.000Like, I was, I remember I got to, like, a quarter pound, which is not a bunch of weed, but for, like, a fucking 12, 13-year-old, 14-year-old, it was kind of crazy, you know?
00:35:15.000Yeah, I got kicked out, and I was in and out, too.
00:35:17.000Like, my mom would let me still come in.
00:35:19.000I was, like, staying with my older friends, like, sleeping on their couches, running around.
00:35:23.000You know, I remember I would just ride around and sell weed.
00:35:25.000weed I was just a complete degenerate right and um the the like all that yeah no I remember at that point like Xanax used to be really bad around that area I I don't know if it was just like that everywhere.
00:35:40.000It was like even Futures rapping about it.
00:38:05.000Like I was never and I was the thing was I was really good in school too funny enough I'd skip school, but I remember I would skip so much school But even like in algebra to algebra I was getting like 90 95 average like B's and A's all the teachers love me The principal you still don't lead to nah nah nah nah nah I remember the guidance counselors would be calling me to school and like saying You know like somebody had told on me some kid had said something It was a wonder I didn't get more trouble than I did But I did so good in school, I feel like that was part of it.
00:38:35.000And, like, I had, like, the assistant principal, like, stood up for me whenever, like, I had a probation officer when I was a kid.
00:38:40.000But I was definitely a little delinquent, man.
00:40:15.000You think you can't do anything else because it's just like ingrained in you, you know, because it's like the music you listen to, the life you live, the people you're around, all the shit you're doing, it all goes back to the same thing.
00:42:10.000So I basically went out there and I was like...
00:42:13.000And I was always a resourceful person.
00:42:15.000Like, I was pretty good at networking and, like, you know, meeting different...
00:42:18.000I mean, obviously I had done pretty well in that.
00:42:20.000I don't want to make it sound good because I don't glorify any of that shit.
00:42:24.000Like, I ain't proud of it, just to be clear.
00:42:25.000But I was doing well in that line of work, whatever you want to...
00:42:29.000Not even work, whatever you want to call it.
00:42:30.000But, um, so I went out to, to California and the idea, I was like, I'm going to go on Craigslist and I'm going to find people selling grow equipment.
00:43:47.000So, he took a risk on me and ended up saying, like, I'll give you 50% of what we harvest if you come out and do everything I tell you to do.
00:44:16.000The whole dump truck had to come back three or four times and just dump dirt in a pile that you had to put in a wheelbarrow, roll down this crazy-ass trail, one wheelbarrow at a time, because it's like a mountain trail.
00:44:27.000Go out there, take the dirt, put it in a big canvas smart pot.
00:45:54.000Oh, it's legal weed game, but it's still like, I mean, I'm not, you know, people would make crazy money in the legal weed game, but it's a dirty ass business, man.
00:46:56.000This was right around the same time that whenever I figured out that she was pregnant, that was like September of 2016. And right after that...
00:47:05.000That's whenever crypto finally started moving.
00:47:06.000Because remember, rewind a while, I had bought a bunch of crypto.
00:47:10.000But I didn't know what the fuck I was doing.
00:47:11.000So I had bought all this stuff, and I started seeing it, people talking about it.
00:47:15.000It was not the same crypto Twitter as it is now.
00:48:35.000So I stayed out for the farm for the first year my daughter was alive.
00:48:39.000But in that whole time, I was researching about crypto, learning about how I can make money from trading.
00:48:45.000I hadn't really started trading yet, but I was trying to learn of all these different ways to make money online with different things other than the game, right?
00:48:53.000So, once I actually finally hit super crazy, at that point, that's whenever I decided, I was like, I'm gonna move home, right?
00:48:59.000Because I had a bunch of money, I'm gonna go home, I'm gonna make, I'm gonna just make this work.
00:49:04.000Nah, to be honest, man, I wasn't really tired of it.
00:49:06.000I was just tired of, like, the shit that came with it.
00:49:09.000Because, like, people was getting robbed and killed, like, that was a huge thing out there.
00:49:13.000So I was in Calaveras County, which is like, it's not Humboldt, but it's like the second kind, it's kind of like Humboldt, meaning it's out in the country, dude.
00:51:45.000I mean, it's cool if you know absolutely nothing, but they just basically take every single strategy that was ever talked about and make a video on it.
00:51:53.000So you'd think they're all good, right?
00:51:55.000So I remember I was watching all these videos, figured out, okay, cool, like, bold flags and ascending...
00:52:00.000I remember I was just trading, like, chart patterns.
00:52:02.000Those are basically just really basic ways.
00:52:04.000I could teach you that in five seconds.
00:52:05.000They don't really work that well, though, right?
00:55:54.000You said you were in a club with like celebrities?
00:55:56.000No, I was just I always mob at the club like 40 people with me all diamond chains like we're pulling up like it was like crazy obvious what was going on, right?
00:56:04.000So I was like the the dude in town running shit like for real.
00:58:13.000At that point, I was like, there's a bunch of people getting in trouble, a bunch of stuff happening, and I was like, I gotta get the fuck out of here, right?
00:58:20.000So, I went to the only place I knew, it was Cali.
00:58:23.000I didn't tell nobody, I didn't, I mean, some people knew, right?
00:58:26.000But I blocked, fuck, I fucking, like, didn't...
00:59:16.000But yeah, long story short, I went out to Cali.
00:59:18.000At this point, I was like, okay, now I got to go all in on trading.
00:59:21.000Because throughout this time, like when I was in that lifestyle, I was trying to learn how to trade, but you're so drowned out in everything else.
00:59:26.000Like we was in the club every fucking night, drinking every day, partying, like going.
00:59:31.000I'd come to Miami and stay here for three months, four months at a time, just getting Airbnbs.
01:01:14.000Funny enough, I still didn't really even have like a plan of how I was going to do it, but I was a little bit more mature at this point, realized I couldn't do that shit again.
01:01:21.000So funny enough, I remember back in the, when the weed game was like all big on Snapchat, most people don't even know that, I guess.
01:01:27.000I say that like people just assume people know.
01:01:29.000There used to be hella crazy plugs on Snapchat that would just like sell weed on Snapchat to anybody.
01:01:36.000Like they're just selling online, like straight up to anybody, right?
01:01:39.000And they would do it, like they would have distros in Cali, where you would like, they'd have, it's like a dispensary, but for like large amounts of weed.
01:01:47.000And they'll just have people come up, do pop-ups.
01:01:49.000They do them in like, like it might be a barber shop in the day.
01:01:52.000They know the owner at night, they'll do a pop-up and have like tons of people come through and they'll throw like a smoke-off or something.
01:01:57.000Like a bunch of people smoke weed, like cookies would be there.
01:03:28.000I don't know, he might be watching, but I remember I slid up and he had started this little group.
01:03:33.000It was like, I think at that time it was like 125 or something per month, something cheap.
01:03:37.000Joined it and all these people were new to trading at this point all these people had been you know in like they they came in with a COVID craze So they didn't really know how to trade.
01:03:48.000I've been trading for years even though I wasn't that good at it at this point But I had a lot of experience so I kind of as cemented myself as like an authority figure in the chat, right?
01:03:57.000I was like one of the first members then this group ended up blowing up I got really big bro.
01:04:01.000Like I already had like probably two or three thousand paying members at one time Wow, right and when I joined it was like Like, a hundred, right?
01:04:09.000So, I was also really tolerant to risk, which most people weren't.
01:04:13.000So, like, I would, you know, start to post trades where I was, like, super risked, making a bunch of money.
01:04:17.000People would, you know, ask me questions.
01:04:19.000And I remember Playboy, he really knew what he was doing.
01:04:22.000And he started to teach me how to trade.
01:04:24.000Bro, literally, like, mentored me one-on-one.
01:04:26.000I was planning to do, like, a hundred dollars.
01:04:34.000All the little things that I didn't know what to do.
01:04:36.000Like I didn't know to do these things this whole time because I had just thought about like, oh, you find a strategy, you make money, right?
01:04:43.000But once I learned all of the nuance and the game of treating trading like a business, immediately, it was like immediately I started making money.
01:04:50.000Because it was just like I had that missing piece.
01:04:52.000And it also was kind of like, you know how you have that intuitive feeling when you finally, you've been working at something forever, you finally get it?
01:05:51.000That's how this shit was real, bro Like, you know, everybody would just shit in the voice chat It was a beautiful thing to be honest, you know None of us really we were all trying to you know kind of come up and a lot of people from that chat now came up crazy which is insane, but you know, I would post trades helped a lot of people like, you know teach them stuff because all these people again were new to Trading because of kovat.
01:06:11.000Yeah, so once I started really locking in and like that's all I did, bro I literally just, I was in discord.
01:06:17.000I was, you know, creating like educational material for the group.
01:06:21.000I was live streaming my trades and we would just live stream.
01:06:43.000I'm, like, telling my parents, like, I figured, I actually figured it out this time, because before, you know, they thought I was there like this, motherfucking gambling addict.
01:06:50.000You know, he ain't figured shit out, you know what I mean?
01:06:52.000Because they didn't also, they didn't really know, like they knew why I left for Cali.
01:06:56.000They were upset because like, you know, my dad, he held our family together when I was a kid when they went through shit.
01:09:37.000But I told him to leave, and I remember just the next day, I had left to do something, and when I came back, I pulled up, and I pulled in, and whenever I pulled in, I just saw this Durango, and I was like, oh yeah.
01:09:52.000Because I lived in a nice-ass neighborhood, it was a nice-ass house, bro.
01:09:55.000I remember the neighborhood was like, what the fuck, when I was getting ready, because it's like a gated community, you know.
01:10:01.000But I went in the house, and not even five minutes, it was just like, poof, like, doors kicking, everything, you know, all the entrances of the house kicking.
01:10:10.000I remember the cops in Cali are crazy.
01:13:39.000They actually got me back, and at that point, I was like, you know, because I got charged with conspiracy to traffic marijuana, 300 pounds, conspiracy to traffic cocaine, 300 grams, money laundering.
01:13:54.000And they said a school zone because some one person was in the school zone.
01:13:57.000Now, this is where a lot of people mix up the whole thing.
01:14:00.000Because the whole thing of my arrest got posted online.
01:14:03.000Some person that makes hit pieces, they had used that as a video.
01:15:34.000What's funny, it came up in the, and that's another thing too, like in Playbit, which is the name of the Discord where I learned in, everybody knew this.
01:15:40.000But then when it got released recently, people painted it out like it was a secret.
01:16:45.000Like, that's how, you know, when they came to that house, they took my computer, they took everything I had, and I got arrested in Cali and came to Tennessee, so all my shit's in a house across the country, right?
01:16:56.000And essentially, I just pretty much shut down mentally.
01:17:04.000Like, it's just a game now of, like, let's see how much money I can make to make sure my daughter's as straight as possible, because you've done fucked up.
01:17:59.000I worked as a server at Red Lobster, and then I worked at Five Guys, but I worked there only because I had to get a job for probation when I was a juvenile.
01:18:10.000And I only worked there for like, it was like a couple months apiece.
01:18:13.000Alright, this is a real, serious question, bro.
01:20:04.000I always tell people like this when I'm trying to teach people, not even how to trade, but the way you have to think to be good at trading, really at anything, you can't place so much importance on shit.
01:20:14.000Because when you place importance on something, you don't act naturally.
01:20:18.000If you look at trading and put it on a pedestal, if you look at like, oh, I gotta pass this fund an account, I gotta make this money, I gotta make this work in the next six months, you probably won't act natural enough and get into a flow state and actually do it.
01:20:30.000So at this point, I didn't give a shit about anything.
01:20:45.000Um, you know, I was just a complete rock bottom mentally and Kept doing that for a little while.
01:20:50.000I wasn't I still wasn't talking anybody in my hometown I literally just like sat in my mom's house Just traded like figure out what the fuck am I gonna do now, right?
01:20:59.000What do you mean when did things like start getting better?
01:21:01.000I guess oh like went for to now like to now so like 2022 it's like a year later right and the only reason any of that happened is And I'll get to that.
01:22:55.000And I remember I met her, and we started chilling a bunch, and I was just like, this is the kind of girl I actually want to be with, right?
01:23:53.000And right around this time, I remember I'd been making money trading, but I'm like, it was like you're in a haze, bro, because it's kind of like you got a doctor telling you, like, you've got two years to live or something.
01:25:03.000And, you know, she saw that and was like, you know...
01:25:07.000Because on the other end, I feel like, too, in that area, and in general, too, like, a lot of younger dudes, it's hard to find, like, a dude who's actually on his shit, too.
01:25:15.000So I think she realized that, and she believed it even more than I did.
01:25:20.000I remember she straight up told me, like...
01:25:21.000You're gonna figure something out like you're so smart with all this stuff like you know cuz I'm talking crypto Obviously have been successful in that so she's like you'll figure something out like that You're not just an average person like you just gotta don't get depressed Like she got me like I was I got fat as fuck She's like you got to start working out you guys are taking care of yourself and I was like, you know This is like this real shit.
01:25:41.000Yeah, a hundred percent So around that point we moved I'm her the judge was like, okay Well, you got to get a job Or your bond's gonna get revoked, right?
01:25:50.000Because they were thinking about revoking bond because, I mean, I think there was multiple reasons why they wanted to do that.
01:25:55.000But long story short, they told me I had to get a job.
01:25:58.000And I was like, fuck, I can't get a fucking job.
01:26:57.000You know, but he told me straight up, it has to really, like you can't just say you have a business, like they're gonna wanna, you know, if you go that route, because it was like a super fucking high profile case, you know what I mean, in this area.
01:27:07.000So I remember I started calling everybody I knew that had a business.
01:27:10.000So I called my one friend, his name is Fahad, shout out Fahad, he's my brother to this day.
01:28:33.000And I was like, why don't we just get investors to buy trucks And then we run the trucks for the investors and take a cut, like a revenue share.
01:28:43.000He's like, shit, I never thought about that.
01:28:44.000I was like, yeah, man, like, are these numbers legit?
01:29:06.000We literally went out, flew out and looked at the trucks, bought them, drove them back, worked on them, got them ready for the road, dispatched them, found the freight.
01:30:19.000Essentially like some of the investors were late on paying us a little bit, which was like, okay We can you know kind of weather that storm but our margins were so thin because we started that business To like we wanted to make everybody else happy.
01:30:31.000We wanted to have a successful business You know that's so many businesses.
01:30:33.000They really aren't good businesses like they have a lot of revenue But they're really not even making that much money like they're on like a fucking hamster wheel and as soon as that something clogs up they're fucking done, right?
01:30:44.000And that's where I learned so much about business was from this business because that's essentially what happened.
01:31:08.000The way you do it is you set up all of your payments.
01:31:11.000When you go to do a load for a shipper, you sell them, okay, the payee is the factoring company.
01:31:16.000So they don't even owe you that money, technically.
01:31:19.000But if the factoring company decides to turn your water off for whatever reason, like, oh, we need this documentation from you, or, oh, there's somebody disputing this.
01:31:54.000So we went out of pocket and paid for it and put us in a hole.
01:31:58.000Then, the factoring company starts to, you know, fuck with us, right?
01:32:02.000And I remember our insurance, we had an insurance payment, the way that they billed you is like everything at once, for like six or ten months, depending on the...
01:32:48.000Yeah, but essentially, we were fucked at that point, right?
01:32:54.000But somehow it's crazy, we pulled out of that, and we made like no money, and we were just like paying, because we still pay the profit share.
01:33:06.000And then we we can't we somehow came out of that because the thing was to There's there's more context that we did have more money coming in It's not like we were just completely broke, right?
01:33:14.000It was just like a bad window of time.
01:33:16.000Yeah, you know to be clear We weren't completely fucking stupid.
01:33:19.000I mean we definitely made a lot of mistakes But we had other money coming.
01:33:22.000It was just delayed We ended up getting all the money from our factoring company and we kept running, right?
01:37:08.000Like, at this point, I was like, bro, how the fuck do you even get here?
01:37:11.000Like, how does all this shit happen in your life?
01:37:12.000And you fucking get to this point again.
01:37:15.000At this time, how many field businesses did you have?
01:37:18.000Just the, um, well, I skipped over a, so I also got into solar.
01:37:23.000Like, I skipped over, like, multiple years here.
01:37:26.000Whenever I first got back, before I, whenever my mother, my baby mother left, I, um, I hate that term, I know I said that, but the mother of my child, when she left, I also got into the solar business.
01:37:35.000So you had a lot Yeah, I had a lot of failures, bro.
01:37:38.000Yeah, a lot of failures, but business-wise, like two.
01:38:51.000Well, what's great, this is where I tell people, and I've never, like, talked about all this super publicly about this kind of my story, but, like, that's when people tell me shit, like, oh, you don't understand, I have nothing.
01:39:00.000I'm like, motherfucker, like, yes, I do, bro.
01:39:02.000Yes, I fucking do, because it does not fucking matter.
01:39:46.000You know, you're going to trial if you don't take a deal because this time they had pled down to offer me ten years and then eight years, right?
01:40:00.000But this is where things actually started to like take the fuck off because I was at such a rock bottom.
01:40:05.000So low, where I realize, like, you gotta fucking completely get a hold of yourself if you have any fucking chance at getting through what you got ahead of.
01:40:14.000Like, you've gone broke, you're in debt now, you got a girl that actually, like, is a good woman that you want to be with, you don't, you're not on drugs.
01:40:23.000Like, you got everything, you got all the opportunities, like, you gotta, you know...
01:43:02.000And I was like making like $70 on a fucking trade.
01:43:05.000I showed you like $70, $80 because I was trying to flip this DoorDash money and people are in there posting P&Ls where they're making thousands off a trade I called.
01:43:12.000And I'm like, what the fuck is going on, bro?
01:45:57.000Anyway, they didn't have all sorts of crazy rules to pay you out.
01:46:00.000But I remember getting that account, and even though I had traded size before, even though I had done well with my own money and traded very well and called out a bunch of trades, it completely fucking wrecked my mentality.
01:46:16.000Because now I had hope to actually come out of this hole I was in.
01:46:19.000I had this opportunity where now you've got this 300k account, but it was like it put this, you know, these blinders on me where I was so scared of everything.
01:47:16.000So, that was when I started having, like, my big run, right?
01:47:19.000So, I remember I got my first payout, I think it was like $22,000, something like that, and then I started getting like $22,000, or it was like $34,000, $19,000, and I started actually getting like five-figure payouts pretty consistently.
01:49:02.000I remember something that was like, Thank you.
01:49:04.000I need to pay it all at once but I started I had to pay 80k at once so it's all the money I had and then I ended up using like I remember I was like that I knew that this these that was like they probably thought I was such a degenerate because I was like hey can I run let me run this card for this much and run this card for this much because I fucking maxed out all my shit.
01:49:21.000They were probably like damn this guy's a fucking psycho.
01:49:24.000Yeah it's worth it I guess in that case so they come in and then and then how long were they on the case before you ended up?
01:49:30.000So they came in and at this point too okay so There's a little bit I'm leaving out at this point.
01:49:36.000So okay, so during that run, that was in late 2022 and going into 2023. That's also whenever I started making YouTube videos.
01:49:46.000Because I had a YouTube this whole time, I had a YouTube where I was just streaming my trades live for PlayBit.
01:49:51.000So back in the day, Discord could only have 50 people in a chat.
01:49:55.000So I would stream on YouTube just so people could watch me trade.
01:50:50.000But that was how I came up on YouTube, was trading live, posting a lot of videos.
01:50:55.000So, mind you, I fired that lawyer in the end of January 2023. I posted my first organized YouTube video in January 2023. But that first YouTube video busted me to like 10-15k subs.
01:51:07.000I fired these lawyers, fired the one lawyer, hired the other six.
01:53:15.000So, I didn't really know it was coming either until, like, the last minute either, to be fair.
01:53:19.000Like, as soon as I figured out, because also, adding onto that, they had said that the trial dates, they had already reserved trial for March.
01:57:01.000If you're going for dividends, don't try to play the game of like, you know, hitting big on percentages of what you gain like from the stock itself, right?
01:57:09.000You know, you're probably not going to triple your money off Coca-Cola.
01:58:27.000I highly recommend anybody listening to this shit that is even remotely involved in it that should just stop because you can make way more money doing other things, not having to fucking look over your shoulder, not losing everybody.
01:58:38.000Because, dude, it's crazy because I was thinking about this last night when I was in the room looking over the city.
01:58:45.000I was like, man, it would be so crazy if I would have been able to enjoy this kind of success with the people I came up with.
01:59:22.000The only reason I became a content creator is because he gave me an opportunity.
01:59:25.000And honestly, that made me a way better trader because trading in front of people, like, anybody who's watching this in trades, they can tell you trading in front of people is not very easy.
01:59:35.000But it makes you a way better trader because you're accountable.
01:59:38.000Like, if I had to literally trade in front of people live for years, you know how much better of a trader that makes you?
02:04:22.000One of the first things that I do when I work with people, I get them in.
02:04:25.000I say, okay, we're going to track your habits.
02:04:26.000We're going to track every trade you take.
02:04:28.000You're going to fill out this form before you trade.
02:04:29.000You're going to fill it out after you trade.
02:04:30.000If you don't, we're going to be in touch with you, reminding you of why you signed up Like, oh, you signed up because you want to retire your mom?
02:04:37.000Oh, you didn't wake up and check a fucking notion box, but you want to retire your mom.
02:04:42.000Like, you know, it's a fucking joke, right?
02:04:45.000That's, you have to get all that in line, and you know, like, anyone who's listening to this, you know whether or not you're locked in like that.
02:04:51.000Because if you're not, you have no fucking business trying to come into an industry where 95% of people fail and expect any different.
02:05:29.000But it doesn't have to take you that long.
02:05:32.000But the only way it won't take you that long is if you get yourself together where you've leveled up, you've grown up, manned up, and have some money.
02:05:39.000And have confidence that you're good no matter what.
02:05:42.000And if you lose it, it doesn't matter.
02:07:42.000And I remember he even had my back because, like, whenever the person trying to make a hit piece or whatever, trying to, you know, push it out, he was like, yo, like, this is all bullshit.
02:07:49.000Like, you know, you could say whatever you want about my past, but, like, I definitely was a traitor years before I was a YouTuber.