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June 16, 2022 - Lionel Nation
38:16
Financial Armageddon: The End of Times for Markets (What to Do?)

It doesn't get any more basic than this.

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I am honored right now to have one of the authorities.
And by the way, we need authorities right now as the world implodes financially.
I don't have to tell you about this, but first, let me tell you who I have here and whom I am proud to have with us.
Bob Kudla.
He's the founder and president of Trade Genius Academy.
Before that, Bob was an executive for two Fortune 500 companies in the financial services industry for 25 years.
He focused on business development and mergers and acquisitions.
Bob has been trading since 1991, and in 2008, So,
Bob, as far as...
Accomplishments go.
That's pretty impressive.
Oh, thank you.
You're too kind, Lionel.
And thank you for having me on.
It is my pleasure.
Let's do something right off the bat.
I'm just looking at...
I just happened to pick the front page of Drudge just today.
Wall Street sounds louder recession call.
Consumer spending running out of steam.
Share of homes with prices dropped, reaches new high.
Starting a collapse.
Three trillion dollars in retirement savings wiped out.
36% earning $100,000 or more.
Living paycheck to paycheck.
We can go on.
Food crises, water crises.
Bob, every aspect.
Not only of the world, it seems.
And this is not from a political point of view.
This is just somebody who's a sentient human being.
It seems to be on fire.
Is it as bad as it is?
What sayeth you, sir?
Yeah, you know, yes and no.
So, you know, you and I are getting to know each other a little bit better.
But, you know, there's always bad things happening.
But there's always opportunity within the bad things.
So, you know, I spent my whole life.
You know, looking for opportunities.
And before that, I was a United States Marine Corps officer.
So, you know, it's in my ilk to see a wall, either to go over it or around it or through it, not stop at it.
And we're kind of at a place now.
You know, the WEF and all these people talk about the Great Reset, but they're going to get a reset, but not what they expect.
And so this is probably the end of central banking as we know it in the next probably one to two years.
So they juggled the balls because they were able to paper everything over until they ran into food and fuel.
And they can't print those things, Lionel.
Precisely.
People have to pivot.
So everybody made their money with what's called financial assets.
And in the U.S., we have financial assets that are essential or nice to have.
So the pivot has to be now towards what's called hard assets and essential hard assets.
So we've been positioned, as soon as the Biden administration took over, we've been positioned in energy.
So if you can't beat them, join them.
Okay, in this environment, and that's what we've done.
So, you know, you can't, basically, you have to outrun the inflation that's coming.
And so energy's been a big move here, and it's not over yet, so we're going to be pivoting.
Oil's probably, believe it or not, will top at some point this year.
Enough supply is actually coming on board.
You don't see it or hear about it, but supply is increasing every month around the world.
And right now, they've got to kind of unscrew the refining capacity issues.
But probably going into the fall, we'll probably see some breathing room in the energy front.
But there's still going to be opportunities in what's called natural gas, because Europe has totally screwed the pooch.
And Japan doesn't produce any energy, too.
And the United States, we're the world's largest provider.
Of natural gas, and we're going to be the largest provider of liquefied natural gas in the next couple years, especially if we have a change of political regimes over the next two years, which I think is probably at this point quite possible.
So that's number one.
Number two is food's a problem for people, and what you need to do is you need to own food companies, okay, and you need to own grain.
The stock market allows you to own companies that produce food.
That distribute food, that sells food, and also you can buy in these exchange-traded funds, Lionel, you can buy actually the grain entities themselves.
So we've been in corn, we've been in soybean, we've been in and out of wheat.
And this gives you an opportunity, once again, to out-earn the inflation that's coming in food.
I'm sorry.
That's okay.
No, no, so what you're saying is, and first of all, this is great news.
I don't believe in being Pollyannish.
I don't want somebody to tell me everything's terrific.
But Bob, you bring up a very good point, and I think it should be stated.
Just because something is happening negatively in one particular sector does not mean that you cannot...
I don't want to be ghoulish and benefit from them, but with every negative aspect of the financial strays that we're in, there's something that can be repivoted, repositioned, readdressed, where somebody can benefit from them.
It's yin and yang.
There's got to be a balance somewhere.
So right now, as people are watching, what is the best advice?
Because I like the calming.
Believe me, I was almost afraid in saying something because we are hearing nothing but, Bad news.
You've seen this.
There's this B-roll picture that every news source has as some traitor, and he looks like he's about to commit Harry Caray, and they love to lament, perhaps maybe accurately, but the end is nigh type of mentality.
So Bob, what's the first thing anybody watching should do right now, using your expertise and your, dare I say, trade genius?
Yeah, so I mean, if you want to talk from a macro standpoint, and I'll just position it, if you don't mind me, just plug in what we do.
So what we've done here is that we've created, look, we have two algorithms and we have what's called a probabilities database.
So the first thing that we do is we look at probabilities, right?
So, for example...
You know, energy has been a high probability trade for us.
You know, every day you can actually go long energy every day on a probability standpoint and you would make money.
That's what probabilities tables tell us.
So knowing that, then we incorporate our second algorithm and say, are we dip buying or are we sell ripping?
Which means that...
Is it trending up in a way in which then there's opportunities to get it a little bit cheaper?
And then our third algorithm comes into play, and that gives us the momentum purchases for people.
And the way we trade is we swing trade.
So we're not day traders, if you will, although we have a day trading service, but our DNA is swing trading.
What does that mean?
And please forgive me if I ask a question, if I ask for a definition.
I'm a lawyer by profession, and I hate when people always presume that they know what I'm talking about, and I will never do the same.
But I want to make sure we understand this, because I find this entire venture fascinating.
What are the particular terms that you've used?
Yeah, there's a term out there called day trading, which means that you enter a trade that day, and you exit a trade that day.
Okay.
We only do that when we trade futures markets.
Short swing trading is that you're looking for opportunities that are going to pay you in the next three to seven trading days.
So you're in for less than two weeks.
A long swing trading is trading that you're going to probably be in for a month up to a quarter.
And then, as you know, anything else is people that are investors or they're in trades for, you know, a more secular move, you know, instead of a cyclical move.
So they're like.
I want to be an energy Bob, but I don't want to touch it for two years.
That kind of, that's an investor looking for the opportunity.
So we focus more of our efforts in the three to seven trading day.
Our algorithms are optimized to that.
And so that's what gives us the success rate that we have.
We look to make sure that we're in the right sectors, Lionel, okay, i.e., we've been in energy.
Energy's been paying us.
Food now is coming to the forefront, so we're going to be putting more and more of our efforts into finding those opportunities, and then we deploy our algorithms to actually push back to us.
Watch lists.
I get them on my computer.
You know, you hear the dinging all day.
I'll check and look at those stocks and say, huh, that's interesting enough for our subscribers for me to share that with them.
And then I share that with them through a trade signal that we do.
We give them a stop.
We give them a target.
So help them frame the trade.
But the trade is theirs.
They own it.
We don't own it.
We don't take your money.
We don't do anything like that.
We just provide the information and education.
But we do one more thing that nobody else does.
We actually give people access to our algorithm.
So if they want to trade things that we don't trade, they can have at it.
We teach them how to use it, and then we teach them the way that we trade.
And then people have chat rooms where they can communicate with me all day, ask me questions all day long.
What about this?
What about that?
What about this?
Why did you take that trade?
Those kind of things.
And then in addition to that, we have a room where people, we call it the VIP room, and we're actually how you and I are communicating via voice.
People do that with us, and we do more day trading in that room because we have the ability to immediately communicate.
Like, Lionel, you net trade, get out.
Where it's hard for me to sit there and type it, I get to say, hey.
Get in that trade, get out of that trade, or hey, get in this trade now.
So that's how we do it, and that has given us, and like I said, we've been doing this for a long time, and so we win two out of every three trades.
In and of itself, that's a meaningless statistic, okay, because I can win 100% of the time, but it may only take one trade every seven years, right?
So what we try to do is we try to win two out of every three times, and the key is what's called a profit factor, meaning that when we win, We're winning more money on that trade than when we lose.
Because you're going to lose one out of our three trades.
65% is a really good win rate, okay?
And it gives enough trading activity for people to be able to drive their portfolios forward.
And at the same time, you know, you're grinding yourself to profit.
So I always tell people, look, we'll help you.
Get wealthy slowly, okay?
But you will grow over time.
Our statistics show us.
And we record every trade, Lionel.
So if you came back and said, Bob, hey, I want to see your trade record, you just go on our website.
Every trade we've taken, we put out on our Discord or our Telegram.
It's locked in, and we record it.
And so the good, bad, and the ugly is out there so people can see that it does indeed work.
And that's how we do it.
So it's an encompassing system.
It works really well.
We try to simplify trading.
I think people make it too hard.
It's very easy.
It literally is buy low, sell high.
But we help you understand what that means and put you in the right...
The way you win in this is just being in the right sector.
You don't want to be in tech right now.
If you're in tech, you're beating against the wind as a sales term.
You'd rather have the sales out and going downwind.
Energy's been downwind.
Of all the asset classes out there, Lionel, only energy is a winner right now.
Cash is a loser.
Bonds are a loser.
Tech stocks are a loser.
You know, gold and silver have been trading.
Crypto has been suffering, but energy has been outperforming.
And so now we're going to start seeing that change into the food and environment.
And then from there, then we'll have to wait and see.
But the important point here is that there's always a trade to take.
And we're going to slip out of this inflationary environment here faster than Powell thinks.
And then there's trades that take on the recessionary side, too.
Because when you're in a recession, energy is not where you're going to want to be.
You're going to want to be in what's called the recessionary stocks.
And we share that with people who trade with us at the appropriate time.
Now, Bob Kudlow from Trade Genius, how sophisticated must one be to even venture into your services?
Must you know anything about stocks?
Is there a minimum level of expertise that one must...
Have before he or she enters into this?
I would say 60 to 70% of the people who trade with us have never really traded what I would call seriously before.
They may have bought a stock here and there on Schwab or TD Ameritrade and so forth.
But no, you don't have to because we actually, when you come join us, we actually have a series of like 20, 22 training vignettes to kind of walk you all the way through what is the stock market.
All the way through how our algorithms work.
And so we try to de-jargonize the whole process.
And then, you know, I always tell people, look, probably in four to six weeks, you're up to speed on how to do it.
And, you know, in four to six months, you would know as much as I do.
Okay?
So, you know, you just keep things focused on what's important in trading.
There's only very few indicators that really are meaningful.
And if you're in the right sectors, you're going to make money.
So no, absolutely, they overcomplicated Lionel to be able to kind of keep control over the process.
So we demystify trading for people.
So I'm so glad you said that.
And I'm also glad you said that people deliberately complicate things because sometimes, I think, Bob, deliberately or inadvertently, people have to justify their own expertise.
And they're not going to seem...
As marketable or as necessary if they are so good at demystifying it that the customer says, what am I bothering with you?
I thought this was difficult.
You know, surgery is not one of those things.
Brain surgery, that's always complicated in and of itself.
Now, what is the biggest mistake somebody can make right now that you can address?
What does Trey Genius also do to address this?
What are the big no-nos?
Yeah, so it's process and procedure.
So you never put a trade on that you don't have a plan to exit it, either winning or losing.
That's interesting.
Yeah, number two is, you know, it's called FOMO, right?
Fear of missing out.
People panic because they see or they think they see people making money online, you know, or on social media.
And they're like, oh, shoot, I missed it.
I better get in that trade.
Well, once they know about the trade, it's too late for the trade.
So that's why you have an algorithm that tells you the trade's setting up versus after the fact.
Don't listen to the news.
The news is designed to sell to you, okay?
Explain more of that.
Yeah, so if CNBC's out there and a guy gets on there and says, oh, guys, you've got to buy Tesla.
I'm making a Tesla.
I'm not making a call on Tesla.
You've got to get Tesla.
You've got to get Tesla.
Well, he probably has a whole lot of Tesla on his book.
And he wants you to take those off his hand for him.
Okay?
You know, and they're notorious for doing that.
People have done track records on, like, Jim Cramer, on Goldman Sachs, and stuff like that, and said, if you followed everything they said online verbatim over the years, you would have lost.
You'd probably have been bankrupt.
Only because they're basically, look, just like I am talking to you and saying, hey, I want you to use my service, right?
You have to take everything with a grain of salt.
And those guys are out there pitching.
They don't pay for advertising to give you stuff away for free.
They want you to use their stuff and the stuff they give you is typically they're benefiting the clients they already have, not you.
So that's the big no-no.
We don't even have it on.
I have a trading screen here and a trading screen I'm talking to you.
No news is on there at all.
It's all strictly the input from The price action is all we really care about.
And that's what we have to train people on to do.
And the other big mistake people make is that they confuse skill with luck.
So you get a few couple good trades under your belt and then you forget your discipline and you load up on the next trade.
And that's the trade that blows up on you.
And then you end up in a situation where you start panicking or you don't follow a consistent guideline on the trades.
Every time you get a buy signal, Take the trade.
Scale down your size.
But people don't do that.
They get scared.
Well, I don't want to take that trade.
Then they take the next one and they lose.
And they're like, oh, this doesn't work.
And then they'll go back in again and they're late again.
And so those are things that we see.
And also they just confuse you with jargon.
So we try to keep it simple.
And also there's this, I hate to, you know, Hollywood, of course.
Well, look what it did to my profession in law.
It just destroyed that.
But from Gordon Gekko to, and you mentioned Jim Cramer, to this loud Wall Street, and very, very macho and greed.
I mean, it's almost like a cult, a demented cult of people who, and I'm sorry, I've been in the entertainment business long enough to know that the only way you're going to make it on TV is not being accurate, but being watchable.
They don't care whether you're successful, but if you're this wacky, zany person with all kinds of bells and whistles, you're going to be terrific, even though you've never been successful on one trade.
You don't know what you're talking about, but you're exciting.
I've never been able to appreciate that.
Now, let me ask you this question.
I'm a newbie.
I don't know what I'm talking about.
And I say to you, Bob, I want to do something.
What do I do right now?
What can I do right this minute?
Sell me.
I like you.
I like what I'm seeing.
Don't hurt me.
Hold my hand.
But I want to get involved in this.
What do I do?
Tell me.
Yeah.
So, you know, look, if you want a process and an approach that it's basically skills for the rest of your life, that's where Trade Genius can come and help you.
And I don't care if I'm so successful teaching you that you don't need me anymore because you'll stay with me anyway because, you know, you want to be part of the community.
And so that's been our experience.
And so what I tell people is, look, we're the white hats in this business.
So we're going to let you peek behind Oz's green curtain.
We're going to teach you what works and what doesn't work.
And at the same time, we're going to actually give you trades to help you make money while you're learning.
So we'll put you in the right ocean.
We'll give you the right fishing equipment.
We'll throw you some fish.
And we'll teach you how to fish at the same time.
And you come out the other side of it with a skill you have for the rest of your life.
And more importantly, you're with a community of like-minded people.
And to me, that's the most gratifying thing about this.
I love getting up every day, talking to people.
I've made lifelong friends from subscribers that I have.
And that my interests and your interests are aligned.
So if I'm not making you money, then you're not going to stay with my business.
So it's in my best interest to make sure that you're happy, satisfied, and you make money.
And the other thing that we do is we don't overpromise, Lionel.
So, you know, our track record's out there.
It's been reliably consistent for years.
So you can very quickly take and do math on this and see how well you would do over time with the capital that you want to deploy.
So we're not Lambo people.
We're down-to-earth people.
You know, what you see is what you get with me.
And so join us.
And you'll make money.
And what we charge for the service, Lionel, is nothing compared to what we can get out of it.
So, you know, we run specials, you know, every time I have somebody that I have an opportunity to do an interview with.
And so by the 18th, if you want to join our service, we put together seven bundles.
That are 65% off.
Those are already pre-discounted.
But we also have, if you want to pick and choose what's inside the store, you do 40% off, and it's anything that's already not bundled.
And in those bundles, Lionel, is you can learn to trade stocks, learn to trade crypto.
Sorry, my dog's talking.
Trade in the VIP room, and also training classes and education.
We're talking hundreds of dollars a year kind of costs.
Nothing exorbitant.
Hopefully, within the first few trades you take with us, you're already monetizing your investment with us.
I make money off you if you're with me for years.
Right now, I'll have a link to this.
TradeGeniusAcademy.com If you use the promo code FATHERSDAY, you get 40% off of non-bundled items.
For those, Like me, what is a non-bundled item again?
And by the way, I hope you don't mind me.
I'm going to ask you the dumbest questions.
When we get done, you'll turn and say, this guy didn't know anything.
And I'm proud of it.
So what is a non-bundled item?
What does that mean?
Yeah, so if you just want to buy an indicator from us.
Okay, you don't want to be in the chat room.
You don't want to get trade signals.
Look, I just want that indicator.
I think that's a really cool indicator.
I just want to go ahead and get the stock room only.
I don't want a bundle with another room.
Or I just want training.
Those are examples of non-bundled items.
So we bundle things.
We'll bundle the indicators with the chat room, with the signals kind of approach.
Or we'll bundle training with a signal package.
Things like that.
And the bundles are obviously...
We make them for your best interest, right?
So they're priced in such a way that it's an incentive for you to take advantage of more things that we offer.
But, you know, you can go into this very easily with just go monthly non-bundled stuff, or you can go and get anything bundled that you want.
You know, I've got to ask you this question, and you might not want to answer it, but I'm going to ask, who are better at this, men or women?
Older or younger?
Because I'll tell you why.
I found out years ago, I used to prosecute this one time that we had these auto shysters and these thieves.
And somebody said during the course of this, he says, you know who are the worst?
Men.
Because men never ask questions.
Men are supposed to know what a carburetor is, and it was years ago.
They just never ask.
And men...
We're supposed to know this.
We're supposed to go to a party with a drink and say, well, you know, I have a short position.
Oh, really?
Yeah.
Well, you know, my positions.
What is your portfolio?
Yeah, exactly.
We have no idea what they're talking about.
And there's no school for this until now.
We never learned this in college where somebody said, this is what this means until now.
And that's what I think is exciting.
Yeah, actually, it's really interesting because, you know, women make better traders because they're better at risk management, okay?
So if we can get men to take more risk management approaches to them, then it's kind of even Steven.
You know, our client base tends to trend older than younger.
So primarily probably because of the...
They have more capital to trade, obviously.
And they've been around the stock market longer, and they know the value of stock investing overall is the best asset you can be in over time.
So our audience tends to trend older, but I would say the women in our trading rooms tend to start off better because they're more risk.
I won't call them risk-averse.
They're better at risk management.
If I tell people to put a stop on, they're more likely to put a stop on than a man would normally.
And that's probably the number one no-no of don't have a stop on your trade because you give yourself basically infinite loss down to zero.
And things have happened.
We've seen trades go down 60-70% a day.
So you want to have your risk management on.
But other than that, then it becomes kind of even-even.
But older than younger is, you know, typical.
I would say our client base is average in the low 50s.
But if you're retired, we have a lot of retired people.
You know, if you ask me, you know, why people should, you know, use a service is that, you know, you can, you know, when you retire, you want to earn a little extra income.
People don't realize if you make $100 a day, you're making $20,000 a year in a stock market.
Okay?
So you don't have to swing the bat hard to make enough money.
So we also help you kind of understand, you know, your goals here.
You know, if your goal is to, hey, look, I have one guy who said, Bob, if you can make me $1,000 a month in the market, I am stoked.
You know, and so, okay.
So these are the things you trade and these are the things you don't trade.
And so those are the kind of things that we can help people through.
So I don't know if I answered the question, but that's kind of how it leads.
No, you did.
And I find it absolutely fascinating, this entire subject matter.
But we're going to have a link for those who would like to learn how to trade the markets.
We'll go to, in fact, we'll link to TradeGeniusAcademy.com.
And if you use, again, the promo code FATHERSDAY, you get 40% off of non-bundled items.
I'm telling you, maybe this is propitious.
Maybe this is some act of providence.
I don't want to get corny on this.
But I have been asking people for the longest time, where can I go?
I don't know anything.
I should know.
I'm sorry.
I always turn it to other people.
But I want to participate.
This is also...
It's fun.
It's a hobby.
It's what's going on.
And Bob, what I find also, you're looking at what's happening in the world, as good or bad as it is, but your reaction...
It's almost like the chiral opposite.
You can manipulate any situation, good, bad, or whatever, because the investment side of it reacts always in the position of trying to maximize an event that's happening.
Not freak out.
In fact, it gives people a sense of control.
I think it's psychologically beneficial to say, now, wait, wait, the world may be falling apart, but you know.
There are opportunities.
That may sound a bit crass, but you know what I'm saying.
Hey, look, people made a lot of money in the Great Crash of the Great Depression, okay?
People were making money in Germany during World War II, okay?
So, you know, people have to understand, as long as there's a market to trade, there's going to be opportunities.
So, you know, I tell people, don't worry about the Six Sigma events out there.
The two sigma events are more likely to get you.
What I mean by sigma is likelihood of probability.
So, you know, when you talked about the macho guy in the trading room, you know, most people that are effective traders, it's methodical, it's mechanical, it's mathematical.
You know, you're not dealing against Gordon Gekko when you're trading.
You're dealing with people who write PhDs in mathematics, creating the algorithms on their side.
So that's what you're...
You're competing against, and they're taking advantage of you being emotional.
So we help you take some of that out of the picture.
And we view ourselves, Lionel, as seagulls, right?
We let the big fish bring the little bait fish up to the surface, and we just feed and get the heck out of the way.
So if you just get in the middle 60, you're doing just fine.
They don't care if you're feeding off of their feeding, right?
As long as you don't take away their food.
They don't care if a couple of fish get away.
Exactly.
That's what you've got to do.
Don't try to run in front of that freight train.
You'll run alongside of it, and you'll do just fine.
And we kind of help people get and do that.
So, and I'll have one last thing for you, Lionel.
Please.
Whenever an attorney tells me I have a dumb question because I don't understand, then I know I'm dealing with a smart attorney.
Remember, this may be before your time, but during the Watergate hearings.
One summer, everybody watched it.
And Sam Irvin was, I'm just a country lawyer.
I'm just, excuse me, I don't understand.
And he was the smartest one there.
Columbo.
One more thing.
Excuse me, I don't.
Because the dumbest questions are the best questions.
What does that mean?
And if you can't answer, if you can't explain what that means, in fact, what I like about you...
Sir, if you don't mind me telling you, you love telling people.
I'll tell you what that means.
I want to tell you this.
I'm not offended.
How can you be a teacher?
How dare you ask me?
How dare you want to know?
I don't understand that.
You appreciate this.
Look, we are, I don't know if this is politics, we're capitalists.
It's not a bad thing.
I'm not talking about throwing the poor out into the street or anything like that, but I do not believe in a...
In a planned economy.
I do not believe in social.
I don't believe.
And I believe in markets.
And I believe that as long as what you're doing is legal, which of course it is, I shouldn't be able to or shouldn't have to apologize to anybody because I want to maximize my profits from working hard and understanding a system, which has always been there and always will be there.
And I think that kind of goes with that.
Yeah, I get that question a lot.
And I said, how can you help your friends if you can't help yourself?
So you have to put yourself in a situation where, you know, your largesse, you know, help your brother, right?
Help your sister, you know, help your neighbor.
But if you're equally impoverished, I don't know how you can do that.
So never apologize for making money.
You know, that's what drives our system forward.
And that's what creates the tax revenues for those social programs that you just talked about that the government takes up behind the scenes.
Some of us wish that they were better tuned, not so wasteful, but that's not my decision.
And my decision is to help people grow wealth over time and give themselves a sense of control.
And to me, a reason for being.
We're on the other half of the hill of life.
And, you know, when you get done with your corporate jobs and your corporate life, this is a fantastic way to keep yourself sharp.
Absolutely.
You know, keep yourself engaged and wake up every day super excited.
Because, you know, the nice thing about trading is, as bad a day you had yesterday, today's brand new.
And you don't know what's in front of you and it's an opportunity.
I'm so glad you said that because I don't know about you, but I...
Have you ever seen these financial commercials where somebody says, you've worked your entire life.
And there's some guy and he's sanding a duck, you know, or something, or some wooden, which is fine, in all due respect.
And they always make retirement like slowing down.
Hey, let's fish.
Nothing wrong with that.
But when you've spent your entire life learning something, and I got to tell you one real quick thing.
They did a study years ago between young people and older people.
Why are they different?
How are they different mentally?
With younger people, they were very, very good at doing quick gymnastic, quick things and answering questions.
But older people did the best at finding when situations were different.
Remember the old kid?
When you were a kid, they had these games.
Which situation is different?
You know, what's missing?
An older person can look and say, this situation is different than that situation.
And that's called judgment.
And you don't learn that any other way other than having done things.
So when you're at the, not the end of your life, but when you're in a different phase of your life, why not use this ability that you have and do something?
And if you want to sand a duck, that's fine.
I'm going to get letters from duck sanders.
But this is a chance to keep your mind sharp, to be a part of something, make a few bucks, help your family, but be excited about something.
I couldn't have said that better myself.
Could not.
Yeah, look, we're pattern recognition machines and stock market trading is pattern recognition.
And so, you know, we just provide the tools that you can visualize the patterns.
But I can't tell you how many times, Lionel, we're in a room where we have some of the young guys out there.
I mean, they're really worried about things.
And some of us old guys are saying, hey, we've seen this movie before.
Yes.
Okay.
Never as bad as they claim it's going to be.
You just don't know that because you haven't.
Experienced it.
And same when I was in the Marine Corps.
People could tell me every way to Sunday what it's going to be like.
But when you're on the other end of it, then you have an appreciation for it.
And same with you in law.
So the first time you get in front of a jury, you could be as well prepared academically as possible.
But once you get in here, you realize, oh my gosh, my personality, I have to go this way versus that way.
Learn these things all the time.
And that's how you learn trading, too.
The way you trade and the way I trade might be polar opposite.
But the rules are still the rules.
Exactly.
You just adjust your personality to the rules.
I have one guy that helps me with the trading room.
He's nearly 70, and he always has a phrase called, well, that's good enough for me.
So he doesn't try to take everything out of the trade.
He said, Bob, I'm out.
That's good enough for me.
The trade still looks good, but it's good enough for me.
And somebody, one of the other guys said, but you're leaving money on the table.
He goes, no, I'm not.
I put money in my pocket.
You know, he said, he goes, so it's really where you sit, where you stand.
And so, you know, those kind of things you learn all the time.
And so, and that's the fun thing about it is, you know, you have a room of 55 people in there and you probably have 55 different personalities, but you're all operating under the same rule set.
Precisely.
And so that is all different flavors.
Where have you been?
Where have you been all my life?
Bob Kudla from Trade Genius Academy.
And one more time, we will have this in the description section.
If you use promo code FATHERSDAY, you'll get 40% off of non-bundled items, which Bob Kudla explained so perfectly with limpidity, pellucidity, and incredible clarity.
Bob Kudla, it was indeed a pleasure speaking with you.
Thank you so, so very much.
And I wish you the best, sir.
Yeah, thank you for having me, Lon.
I hope to be able to do it again with you.
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