The Tale Of A Good Robinhood Bro | Podcast Episode #105

0:07
Hey, I’m Ryan Mallory and this is my Swing Trading the Stock Market podcast. I’m here to teach you how to trade in a complex ever-changing, world of Finance, learn what it means to trade, profitably and consistently managing risk, avoiding the pitfalls of trading. And most importantly, to let those winners run wild, you can succeed at the stock market and I’m ready to show you how?

0:29
Hey, everybody, this is Ryan Mallory with Swing Trading the Stock Market, gonna do another story for you guys tonight, man. Some of These emails that I’m getting, they’re really really good. I can’t express that enough. I mean some of these are fantastic was going back and forth with this one guy today and he’s like hey I got a good story for you.

0:46
It’s like a good Robin Hood story. I’m like good Robin Hood, bro. Story, I’m all about that. I want to hear a good Robin Hood bro, story because the lot of these emails that I’m getting the Robin Hood Bros are blowing up their account. Whether it’s on G, in u.s. Kodak, they’re blowing up accounts and it’s happening left and right.

1:02
Yes, I know some of them are getting good, but if you look at these guys like you, Get it today, Apple, Amazon they’re trading at all-time highs Apple. Especially I mean, thing was treating it, like what? 445 as share the stock is actually the top stock of new positions being added. That means he’s, people are adding Apple more than any other stock at 4:45.

1:19
All I can think about is. Did you guys just find out that Apple was publicly traded? Like why, why are you guys almost that an inspired by Apple when it becomes a two trillion dollar company was one trillion not enough to get long on it? Hey guys I’m not long on it, I’m a traitor but I’m sure as heck not going to go chase it after his head like Like a 20% move over the last seven or eight days, definitely not happening.

1:39
Hey, case this guy, his name’s Larry actually his name’s not Larry, but we’re calling him, Larry. I didn’t come up with the name. Larry, the guy says, hey, if you use this email, you can call me Larry. I want to respect the guys wishes and call him Larry and drinking a hard Seltzer.

1:54
If you guys had these things before, it’s like 5% 100 calories. That’s really the main reason why I’m drinking it. I’m going to do a podcast at 11:00 at night, don’t have something to make it tasty. Yeah. Drink one of these things, they’re not too bad, I can’t do white Clause because I feel like, there’s like something with the bro code.

2:12
You just don’t drink a white cloth, as a dude, I give the wrong, maybe there’s dudes out there that do it. Maybe their name is Chad, but anyways, I can’t drink a white claw. That’s just have to turn in my man card if I do that so I found the next best thing. Visi hard Seltzer.

2:28
No, this is not a paid advertisement but I’m drinking one sometimes, I’ll just make myself an old-fashioned. But I’m trying to lose a little bit of weight, man. I gotta like trim. Down about five, ten pounds. I’ve been running about two or three miles about four to five times a week after the market closes, but didn’t do that today. So I don’t get to have an old-fashioned.

2:45
Any case, let’s get into Larry’s emails. As hey, Ryan, I thought you would end by the way before I get too deep in this email, I haven’t really read this whole thing yet. So we’re going on the fly with the same, but I read Snippets of it to know that it was pretty good. So he starts off here on. I thought you would enjoy and appreciate my story of starting as a traitor.

3:01
In the amount of respect. You have earned my eyes over the short time frame and this sometimes, World of finance and economics, man said a nice way to start us. Good story. I like it. As I titled, this email story of the Robin Hood, ER, the good kind. I want you to know that, not all of the new up-and-comers and Robin Hood are blindly going at the stock market like Rambo into the enemy infested jungle expecting to come out of it with riches and a new woman on his side by the way.

3:26
Rambo, First Blood Part to his woman on his side, got shot up pretty bad. I think was like an AK-47. I mean, she got annihilated. Hopefully there are more like me that realize that this thing. Called the stock market has been around for a long time. And they will be here long after we’re dead. That’s true. I think all new Traders should always keep in mind, as well as myself.

3:44
That stock trading is a big big world and does not care about anyone in person or individual in it. You must manage your risk and expect the worst. I 100% agree with. It is true market. If I died tomorrow Market keeps on training, it’s still going to go ding ding. Ding at 9:30 a.m. eastern time.

4:00
It doesn’t care about the individual Traders and it doesn’t care about whether we’re long or short in a stock, it’s going to do its own thing. It’s not saying Ryan’s long. I’m gonna go down today. Hey Ryan’s short, I’m going to go up a cup today doesn’t care. Doesn’t care about any of us.

4:18
He goes on to say, I’ll give a couple of examples. How I learned this? Even before I started in March of this year, my father’s best friend since he was a child. Had a huge impact on me. My entire life, I always called him. Uncle Rob. Part of me is hoping he was going to say. Uncle Buck none of that movie from Lowe’s at the 80s, which I think had Macaulay Culkin in it and it had John Candy. How can you not? Like Uncle Buck.

4:34
He is retired from a large Oil Company. He was one of the head. Accountants with the Company for many years and traveled all around the world at various times of his life. He’s one who actually explain to me what the stock market is and the basis of how it works when I was a kid. Brilliant in Humble guy, that’s great to have mentors and I can’t express that enough having a mentor or a traitor.

4:50
I’m usually helping a few people out on an ongoing basis. I offer it on my website but yeah I think that having a mentor and the stock market’s it’s huge pays huge dividends in the long run because they can explain to you their experiences the repercussions for some of Own bad trades in their life and just really save you a lot of time and frustrations.

5:11
When I told him recently, how I started to show a lot of interest in the stock market, he said politely be very careful. Now he wrote this in all caps, be very careful being The Devil’s Advocate. I asked him specifically, Why, without giving a specific answer, he wanted to tell me in more detail what, his brothers job actually is.

5:26
His brother sounds like a real gangster here. I’m just a little bit nervous reading this next paragraph. I never met his brother, but growing up Uncle Rob who I wish was also called Uncle Buck. He told me about him, his brother has a PHD in mathematics and also computer science. He was one of a handful of people who actually invented and developed the card game magic the Gathering, which is why growing up me and my two brothers, played the card game constantly.

5:48
I got to look up Magic. The Gathering should, I know what this card game is? I don’t know, maybe I should. I’m not, I’d be embarrassed if everybody’s played this except for me. He now works for some type of investment company in the Northeast developing algorithms and is on the front end of research in the field of Behavioral Finance.

6:04
He’s one of those debt buyers. Sounds like isn’t it now? He sounds like he’s a pretty smart dude. So maybe he’s just not buying the dip. He probably has some way of like exploiting the people who buy the dip, then he might be a friend. Now on to me, I’m 32 years old, a young, professional and medicine. I’m a physician’s assistant in orthopedic surgery and spine, surgery, and have been in this field going on seven years.

6:23
Holy cow, man do the SMART. My entire family is a medicine said that is all I have ever really known my whole life. I would just say this guy sounds smart be careful when you’re smart and the stock market because there’s a tendency to rely on your Hearts in the think that you can outsmart her out with the market and always comes back to burn you.

6:39
So if you’re smart, got to kind of pretend that you’re dumb for me, it’s not hard because for me, I pretty much know. I’m not that smart. I’m just kind of Street Savvy and I’m Savvy enough to realize, I’m not that smart. And as a result of plays well with the stock market has played into my advantage over the years in short without going into too much detail.

6:56
A PA is like a co-pilot of a C-130 or a 747 in the surgeon. Is the pilot. I’ve studied my ass off to get a bachelor’s in biology and then a master’s after A school. The world of Ortho and spine. Surgery is second nature to me. Now, putting back together, broken legs, and arms that are sticking out of the skids, not a big deal.

7:15
To me, let me just say, I have huge respect for people who can deal with that kind of Gore. I mean, to me that’s like Game of Thrones territory right there. I don’t need to see that stuff. I just like to pretend that whole world doesn’t even exist. I like how he brought up the copilot cuz I think in the last podcast that I did last week, I talked about there being a about the guy being a Eyelet and how that translated into the stock market and simply just learning a new set of skills.

7:40
He finishes that paragraph off by saying in spine surgery. One of the many jobs that I have in surgery is assisting and protecting a person spinal cord as myself in the surgeon are operating. Oh see that’s pressure. I don’t need, I think shorting the market or is a lot of pressure. You’re trying to keep somebody from having to like not be paralyzed.

7:58
That’s some pressure right there. I don’t need that kind of pressure in my life. Makes me nervous. Just reading it now trying to get queasy and light-headed is a serious job. That requires a lot of precision. In focus and the best make it look very easy. One of the best quotes I’ve kept with me and surgery, but also the stock market was told to me by an ortho trauma surgeon.

8:15
It is always expect a snake under every Rock, huh? This keeps you level headed in surgery and never caught off guard. You would probably agree this holds true in stocks. Now, I’ve never actually used that that saying before number of actually ever heard that saying before again I hope this isn’t like magic.

8:31
The Gathering card game where everybody else has heard of it except for me. But Nonetheless. I like the saying though, always expect to snake under snake under every Rock. I think I’ll probably keep that one with me. I think that’s very true when you go into individual trades or even just ETFs or whatever, you got to expect.

8:48
What are the snakes that are underneath the rocks on this trade? What are the potential land mines? That you could come across? What are the things that you have to be most aware of like Tesla for instance, right? Yeah, it things gone from like three hundred fifteen sixteen hundred at one point since December and then it came back down and test it again and went right back up in March.

9:05
But they’re still land, might guy tweets out things. Like I think the stocks too high, I have no idea. Why the stocks this high, he says things taken that, the stock private, those are kind of snakes under the grass. I’m not calling Elon Musk a snake. I think the guy is an innovator, but I’m not going to say that there’s not some snakes under the rocks, with that particular stock.

9:21
There’s a lot of headline risk. Same thing with Kodak, Kodak was like, freaking, Indiana, Jones, and the Raiders of the Lost Ark when they get thrown down into the pit, and there’s just snakes everywhere. It’s kind of like, bowing to, I think Boeing is like snakes everywhere. So in late, March when covid began running rampant, I myself became sick with covid.

9:39
What this was, I believe a day after the market bottomed. Whoa. So he had like a covid bottom. Uh, well, if I’d known that, I might have tried to hang out with some covid, folks, man. Try to time that bottom like he did after only feeling sick is for about four days. And I know that sounds kind of demented. But gosh, as a Trader mind goes to Dark Places.

9:56
If you think you could time at bottom somehow after feelingly sick for about four days, I felt back to normal given I had to sell of quarantine for a total of 14 days. I realized very quickly that boredom was beginning to set in. Couldn’t go through my normal routine of getting up early and going to the office to read up on patients or read other various medical books that I have there.

10:14
So at 5 a.m. on day 5, watching TV, talk about a market crash and then scrolling through Facebook and seeing a green feather icon on an advertisement that had to be the Robin Hood, bro. Add it dawned on me stocks, he does, he use the stalks and caps. I love that I started like most Googling Finance, basic terms and then YouTube.

10:32
In podcast after getting a basic grasp, I opened up an account. Here’s what I think is the important step I took I have a great job with what I call a decent income for the average American, I started small half of one paycheck. This was not a new job. I was starting just potentially a learning experience that would open my mind to the world of Finance.

10:50
I’ve never known in my life if I lost it all trying to roll the dice then so be it, I was an idiot or I can slow and playthings and educate myself. Why do it to hopefully understand more and more from a Field that people know, way more about than I do.

11:06
I don’t think a lot of people do that. I think a lot of people just go ahead strong in. There’s a hey look, could I get sup 2000% of last couple days? Let’s get long. And that’s what a lot of people do. I’m making this entirely too long. He says. So I’m going to wrap this up, bottom line. I like the story is a good story. I did my research, I still became a bag holder early on and in some cases, but that was okay.

11:26
It was not a lot of money in a good learning experience, I watched and listened to a million videos of various YouTubers but not to Stock names, but to learn and understand their vocabulary. I picked up on the lingo and research the meaning of each until I understood both fundamental and technical analysis. Most seem like a used car salesman which was an immediate turn off, and then I stumbled upon your videos.

11:45
They were more about the humble advice and warnings than anything I was happy to see that in the world of evil financers that there are down-to-earth humble experienced Traders, like yourself. So, thank you. Well, you’re welcome, man. I I’ve lost a lot. I’ve won a lot and I’ve had a lot of experience in theirs.

12:02
There’s one thing that a lot of these guys on YouTube, I don’t think a lot of these guys have ever placed a trade in their life. I really don’t. I think that they’re just putting together Fancy videos which is something that I’m not as good at doing as they are. They put a lot of pizzazz me I’d quarter the videos, I immediately edit them. They take about four to five hours for me to edit takes a lot of time.

12:18
I don’t have a team of people doing it. And if I had a team, I don’t think that they could get the right message out. I think it would just be convoluted and I care more about the message than the, the looks or the feel of the video itself. So I do it myself. I don’t think anybody else could because it’s that Experience that understanding that I want to make sure it’s being conveyed in the videos.

12:35
I could write even longer about how this is a new and exciting field to me. But I’ll spare you because you’ve been in my shoes before so you get my drift. Lastly, I don’t plan on adding any more money in my day trading account. This is my personal challenge to stay the course and earn it. When I get there I’m up 80% from the beginning that is awesome.

12:53
Thanks again and he said, this is the first time he’s ever ran a story on. I’m glad man up. I like the story, look there. There’s, there’s not a lot of to criticize here. He didn’t go. In with these lofty goals and crazy ideas that how he was going to be the super rich guy. He took a half a paycheck, everybody can recover from a half a paycheck.

13:10
You took a have a paycheck and put it in the market without commissions. Even if that’s like five hundred dollars, you can still learn how to trade the stock market. Now that there’s no commissions, it’s a great thing, so he didn’t do something that’s going to wipe them out. In fact, if you get 26 paychecks a year, every other week, he basically put like, less than 2% of his yearly salary.

13:32
Re into the stock market because he was wanting to learn and he rarely Miss. Look at was a bad quarter on this the trades and that’s okay. It wasn’t a lot of money, but it was a good learning experience. Look, I’ve been a bad quarter before. I know what it’s like to be a bag holder and it’s going to happen to everybody. What I try to do is keep you guys out of the obvious bag holder type trades but he’s doing the right thing here.

13:49
One thing I didn’t see a lot of is about how is he managing risk. So I hope that he’s doing that, that he’s going into the trade knowing where he’s going to get out of the trade, if it goes wrong, now, granted, if it goes right, you don’t always know exactly where you’re going. To get out because the think a gap up 100% the next day.

14:04
That doesn’t happen very often, but let’s just say in theory, it does. Okay. You’re getting out a little bit higher than what you were expecting to, but you’ve also got to know where, okay, my going to take profits incrementally along the way. Where would I do that at? If it’s up 5%, would I take it or if it does? This will I do that? You got to play in those kinds of things out you but the most important thing, even if you don’t plan for what you’re going to do, when the trade goes well for you, at least, would you should though at least plan for what you’re going to do?

14:29
If the trade does not work out well for you, if Goes wrong. Where do you get out at? Because if you don’t do that, that’s where you really set yourself up for some massive failures, when the stock starts going down 50%, because you got in on some kind of hyped up, overvalued play that just made, you think it was going to Infinity instead of drop 50 or 60%, like a Kodak, the things trading in the teens now was trading last.

14:53
What Tuesday, or Wednesday at $60, a share, come on, guys, but I like this guy’s attitude. This is a good Robin Hood story because he’s taking a A good approach to his trading. Now, hopefully, at some point, he will migrate off of the Robin Hood platform and onto something else to where he has a little bit more tools to where he’s just not reliant on the phone because really there’s nothing special about Robin Hood.

15:14
I I don’t have anything against Robin Hood. I tried it. One time out, okay. And I’ve seen how they make it kind of cool for the Millennials and everything else, but there’s a lot better stuff out there in my opinion but he’s doing his research, he’s learning and that’s the big thing. He’s not getting sucked into these Financial gurus that act like they know everything that they can make you a And ours weak.

15:32
Dude, there’s nobody out there. That can guarantee that if they could, they wouldn’t they wouldn’t be putting a disclaimer on there and if they could, then they would be scaling it up for themselves to wear instead of a thousand dollars a week, they’re making a million dollars a week. Or in some of these cases, they’re saying like a thousand dollars a day.

15:49
I mean, it’s just absurd. There’s, there’s no Holy Grail, but so many of these people. And that’s why I’m always saying like be aware of these people. They’re trying to put like the Holy Grail out there of trading to make you think that you can just make money every single day. And there’s going to be days where you lose money.

16:06
I have days where I lose money and that’s okay. There I have times where I have lose money over the course of a week over the course of a month. Sometimes I’m just not on the right side of the trade and that’s going to happen to everybody even to the best of us look. I mean what if Warren Buffett lose like 50 billion dollars or something crazy.

16:26
Come on, everybody loses money in the stock market. There’s these advertisements are just crazy. That’s why I focus so much more on the education and just on the education because I want you to find your way in the stock market. And I want to help you find your own way in the stock market, but I’m not going to sell you some golden promise.

16:46
That’s basically nothing more than a pile of crap as I can’t guarantee you anything. Because the, the stock market is a new adventure. Every single day, there’s going to be new challenges, new opportunities, and you got to conquer them every day.

17:07
But you got to get past these dream and hope of riches and fame and glory in the in the going into these trades like Rambo looking to get a woman by his side at the end of it. All, man, you’re not going to be getting the Lambos and you’re not going to be getting the women in bikinis at the end of a trading day, it just doesn’t happen like that.

17:24
You apply yourself and you keep trying to make good trading decisions over the course of many days months and years. Yeah. You’ll start having A little bit of a nest egg there for yourself, but you got to be patient with it and not try to shoot for the moon right out of the gate. That’s what a lot of people are doing. They’re going for the riches and they’re never going to get it.

17:41
That’s going to do it for this podcast today. If you guys have any questions, let me know. Hey, by the way, I said this in the last couple of podcasts, I think I’m trying to go to to a week. I need to hold myself to that, but I’m going to try and do that this week. It’s Monday. I’ve already got my first podcast out. I’m going to try and get another one out somewhere around Wednesday of this week.

17:57
So let’s hope I can do that. Get two of them out there and we’ll keep hammering this out. Out. If you’ve got a story, if you got questions and for something that you want me to address, send it to me at ryan@shareplanner.com and I’ll be sure to check it out and try to respond to your email through a podcast.

18:12
I’ll never give away your identity. I didn’t give away Larry because it’s not really Larry it’s somebody else. It will only be a secret to me and the person who pretends to be Larry.

18:27
I like to encourage you to join me in this SharePlanner Trading Block, where I navigate the Stars. Mark 8th day with Traders from around the world with your membership. You will get a 7-Day trial and access to my trading room including alerts via text email and WhatsApp. So go ahead sign up by going to shareplanner.com trading block, that’s www.shareplanner.com/trading-block.

18:50
And follow me on SharePlanner’s, Twitter, Instagram, and Facebook, where I provide unique market and trading information. Every day you have any questions, please feel free to email me at ryan@shareplanner.com, all the best to you, and I look forward to trading with you soon.