Okay so let me continue with what we were doing in the previous lecture, so let me quickly recall we start with the commutative ring R with unit element 1 and we define the prime spectrum which corresponds to the prime ideals of R being thought of as points of the prime spectrum spec R and then we define the Zariski topology on the prime spectrum which comes out of ideals of R, given an ideal of R we define a closed subset defined by that ideal namely it is all those it consists of all those points in the prime spectrum which correspond to prime ideals which contain the given ideal, okay and sets like this form closed sets for a topology called the Zariski topology, we satisfy the conditions the axioms of closed sets, okay and this is called the Zariski topology on the prime spectrum of R and the formation of the spectrum is actually a functor it is a what is called a contra variant functor, okay. So it is a contra variant functor from the category of rings commutative rings with one the objects are commutative rings with one and the morphisms are ring home morphisms which take one to one and it is a contra variant functor from this category to the category of topological spaces namely it I did not it associates to every R as spec R which is a topological space and to every arrow every ring home morphism it associates an arrow in the continuous map in the reverse direction in for the corresponding topological space is given by this prime spectrum, okay this reversal of the arrow when you apply the spec is what is meant by its contra variants, okay and it is a functor alright of course if you do not know the definition of functor you can always look it up the idea of a functor is something like a function it is a generalization of a function the idea is it has to go from what is called one category to another category and the category is supposed to consist of objects and morphisms maps between objects and of course these maps have to preserve the objects have some structure the maps have to preserve the structure. So for example we are all familiar with so many categories for example category of sets is a category for which the objects are sets and the maps are just maps of sets the morphisms of the category are just maps of sets we are also familiar with the category of groups for which the objects are groups and the maps are the group home morphisms similarly we have the category of rings where the objects are rings and the morphisms of the category are the arrows in the category are ring home morphisms, okay and for example you can also talk about the category of topological spaces where the objects are topological spaces and the morphisms are continuous maps between topological spaces similarly you also can talk about you know category of modules over a ring and so on and so forth, okay. So the fact is that a functor from one category to another is that something that does the following thing given an object in the source category it gives you an object in the target category given a morphism in the source category between two objects it gives you a morphism between the corresponding objects in the target category and the only thing is that the arrow in the target category may be in the reverse direction if it is in the reverse direction it is called a contra variant functor if it is in the same direction it is called a covariant functor. Of course another example of you know a category is the category of top I mean of vector spaces over a field the objects are all vector spaces over a field and the maps are the linear maps that is also category. So speck is contra variant functor from the category of rings commutative rings with one the objects are commutative rings with one and the morphisms are ring home morphisms which carry one to one and from this category speck is contra variant functor into the category of topological spaces namely the category for which the objects are topological spaces and the morphisms or the maps are the continuous maps. So what it does is that to every ring R commutative ring R with one it associates speck R which is a topological space given the Zariski topology and to every arrow in the category of rings namely to every ring home morphism which takes one to one it associates continuous map in the reverse direction of the corresponding topological spaces. So it is a contra variant functor okay and the point that I want to recall is that the if you take the close subset Z of I that itself is a speckterum and it is actually identify with the speckterum of the quotient of R by I okay and if you look at the open subset that corresponds to the compliment of the ideal generated by a single element that also is a speckterum that can be identified with the speckterum of the ring localized at that element okay. So roughly the point is that the close subsets correspond to quotients okay and open subsets given by compliment of a single function or a single element the 0 locus of a single element they correspond to localizations by that element okay. So the fact is that just like you know in the usual algebraic geometry when you first started out on this side we put you know we put affine space and then we put close subsets of affine space and then we had a arrow reversing equivalence that went from close subsets here to radical ideals on this side on this side we put radical ideals inside the polynomial ring in as many variables as the dimension of affine space we started with and there is a similar thing that is going on here. So what you can do is actually put on this side you can just put close subsets of speck R on this side on that side you can put ideals so if you want I can put ideals of R. So again you have a there is a Z map like this which takes any ideal to Z of I which is a close subset in speck R and then there is a map like this which is script I which takes it to any subset T it takes it to I of T okay and what is I of T? I of T is so T is a subset of speck R so it is a certain collection of points which correspond to certain prime ideals and I of T will simply be the intersection of all those prime ideals. So I of T will be defined to be equal to the intersection of all those P such that the point corresponding to P is in T okay and again you will see that here close subsets if you take the set of close subsets that corresponds to that is a bijective correspondence with radical ideals on this side that is ideals which are equal to their radical and this will also be arrow reversing sorry this will be inclusion reversing namely larger the ideal smaller the close subset larger the close subset smaller the ideal in particular the ideal that corresponds to the unit ideal that will give rise to the null set the ideal which corresponds to 0 will give you the whole space okay and you have statements there are statements here which correspond to the kind of statements that we got in the case of affine space okay. So here we got it between close subsets of an and ideals of the polynomial ring in n variables over k we have similar statements here so here also you have you know if you have statements like z of I1 is equal to z of I2 if and only if well rad I1 is equal to rad I2 okay you have statement like this then you have also the statement that z of I of T is just T bar the closure of the set T and you also have the null shell and that is in its very ring theoretic form which is I of z of I script I of z of capital I is rad I this is the mind you this statement analogous the analogous statement in the case for the affine varieties was a very deep statement it was a null shell as such but it is true in this sense for any commutative ring okay it is already there it is God given. So you have this very beautiful thing happening you start with the you start with the commutative ring R with 1 then there is automatically this beautiful picture which on one side translates from ideals to close subsets okay and in fact as I told you it is more this is at the level of R but if you want to go outside of R and you want to consider other rings gotten from R like for example you want to consider quotient rings of R and you want to consider localizations of R then you will end up with going to the close the quotients of R will correspond to the again close sets okay and the localizations of R by single elements will correspond to the close the complements the open subsets given by complements of those close subsets corresponding to that single element okay the ideals generated by a single element. So you get very beautiful you know on this is you may call this as a geometric side you can call this as a commutative algebraic side but the beautiful thing here is that the geometric side has been cooked up from the algebraic side the space spec R itself has been cooked up from R I mean there is no there is no in analogy here when you compare it with here we started with polynomial ring in n variables and that was being thought of as acting on as functions on the affine n space okay we already had a space here but so you had a space namely kn and you had the polynomials on that space and using these polynomials you define the Zariski topology here and you got all these nice correspondences and equivalences equivalences but in this case what you are doing is you are starting with the ring okay you are cooking up a space using that ring namely the spectrum and then you still get this beautiful correspondence all these properties which are just very very analogous to what you got in this case okay. So this is at the first point you should therefore see feel that you know you should be able to catch the you should be able to catch the space from the ring of functions okay so I will tell you what the arrow what is this max spec okay it is very simple so what you do is that you give me anything on this side namely you give me a finitely generated K algebra which is an integral to me okay for example say this one something like this then of course this is also commutative ring with one alright take each spectrum okay take spec of this the spec of this will contain all prime ideals okay but what you do is you take a smaller subset namely you take the max spec and what is max spec it is not prime ideals but it is maximal ideals so you know every maximal ideal is prime and the converse is not true so you restrict to only the subset of maximal ideals okay that will be a subset of the prime spectrum the maximal spectrum is denoted max spec it is a subset of the prime spectrum which is given by spec and since a subset of a topological space automatically gets induced topology what will happen is that max spec will also get a topology it will get a Zariski topology induced from the topology on spec okay the beautiful thing is if you take max spec of this along with that topology it will be exactly homeomorphic to Z of B spec okay so in particular what I am saying is if you take max spec of this you will simply get back a fine space up to homeomorphism see we have already seen this in the null-cell sets I have already told you that max spec of this is actually kn because every point in kn corresponds to a maximal ideal in the polynomial ring that is exactly what the null-cell set says so what the null-cell set says is that max spec of this as a set is exactly a fine space the point with coordinates lambda i corresponds to the maximal ideal given by xi-lambda i which generate as xi-lambda i right that is what the null-cell sets says but that is just identification of max spec of the polynomial ring in n variables with an with kn in fact it is just a set theoretic identification but what the claim now is is that if you take max spec of this with the Zariski topology induced from spec then this identification of max spec of kx1 etc with kn will actually be an topological isomorphism a homeomorphism from affine n space to max spec of kx1 etc so it is not so the null-cell sets is not just a set theoretic bijection it is a topological isomorphism so homeomorphism okay so in other words even if I do not have this side I can get back my affine space by simply taking max spec of polynomial ring in n variables so that is a beautiful thing so this whole side I can reconstruct from here by simply applying this max spec and then it is a matter of exercise to check that this followed by this is identity and this followed by this is identity so that these two are actually inverse associations okay and of course when you check that you will have to worry about isomorphisms okay but that can be done okay so in fact to check that these two are inverse of each other in a rough way you can do that checking now but then I need to tell you what are the morphisms on this side so I need to go on and explain morphisms of varieties okay so let me write that d for a finitely generated k algebra k ky1 by p which is an integral domain we have here homeomorphism max spec k ky1 by n mod p to z of p which is considered as a closed subset of an am so maybe I let me let me use m here you have to put m here am okay so the point is a homeomorphism okay and how does one see it let me try to explain that so this is exactly how you go from here to here okay so you know if I start with z of p inside am where p is a prime ideal in polynomial ring over k with m variables which is the affine coordinate ring of functions on am the largest space okay then what is the ring of functions on zp it is the quotient of the ring of functions on am mod p namely it is this so that is what you get when you go from here to here and then when you come back what you will get is max spec of k of y1 etc ym by p and what that statement says is that that is exactly z of p how is that true that is very very simple see what happens is that so what is the proof for this I will just outline that so if you want theorem it is a theorem in its entirety but it is actually corollary because all these are all more and more grandiose versions of the Nulstrelensatz okay I mean which you get by using after putting all these Zariski topology and so on and so forth and using enough commutative algebra okay so these are all various grander and grander versions of the Nulstrelensatz so let me explain this so you know this is Nulstrelensatz from am to max spec k x1 sorry y1 etc ym there is a map like this which is given by you know give me a point lambda 1 etc lambda m that corresponds to the ideal y1 minus lambda 1 and so on ym minus lambda m this is the ideal this is a maximal ideal in k x1 etc k y1 etc ym and then I take the point I put this square bracket to say that I am considering it as a point of the maximal spectrum okay so this is this bijection is simply because of Nulstrelensatz which tells you that you know every ideal of this form is maximal that is true for any field and conversely if your field is algebraically closed every maximal ideal is of this form that is the Nulstrelensatz okay. Now what you do is you go to you go to the subset which corresponds to Z of p okay just think what are going to be the points here which are going to lie here mind you the point which coordinates lambda 1 through lambda m lies in Z of p if and only if every function in p vanishes at each of those points that is the definition you see what is this this is Z of y1 minus lambda 1 dot dot dot ym minus lambda m this is what it is this is just the 0 set of this maximal ideal okay so and you know Z of this is contained in this belongs to Z of p I mean Z of this is a subset of Z of p if and only if p is inside this maximal ideal okay in other words yeah if and only if this maximal ideal contains p that is because you can apply the script i if you apply script i okay to Z of y1 minus lambda 1 etc ym minus lambda 1 contained in Z of p if you apply script i to both sides you will get I of Z of that which is just radical of that which is same as that maximal ideal contains I of Z of p which will be radical of p which is p because radical of p is p itself because p is prime this is just I am using the Nulstrelensatz now. So what this will tell you that is that this point belongs to this if and only if this is if and only if by the Nulstrelensatz the maximal ideal y1 minus lambda 1 etc ym minus lambda m contains p okay and what does this mean this means that this is in Z of p as far as the Zariski topology on the spectrum is concerned so it is an element of max spec k of y1 etc ym mod p see what is max a maximal ideal which contains p the set of maximal ideals which contain p are precisely the set of maximal ideals in the quotient by p the set of maximal ideals of a quotient of a ring by an ideal is precisely the set of ideals of the ring which contain that ideal okay okay there is a correspondence between a ring the ideals in the quotient of a ring by an ideal and the original ring and what is the correspondence an ideal in the quotient corresponds to an ideal which contains the kernel and under this correspondence prime ideals go to prime ideals maximal ideals go to maximal ideals it is an inclusion preserving correspondence so the maximal ideals in k y1 etc ym mod p are precisely the maximal ideals in k y1 etc ym which contain p okay so that will tell you that so this will tell you this will imply the proof okay so the so you know if you want to complete this diagram what is happening is that here I have max spec of k y1 etc ym which is identified with a m by the null shell and such and you know from this to this there is a quotient map and there is map in this direction is the max spec of the canonical quotient map see there is a canonical quotient map from k y1 etc ym to its quotient by p if you apply spec to that you will get the arrows will get reversed you will get a map from max spec of the quotient to the max spec of the parent of the quotient and it is this map which is a closed remersion namely it is an identification of this with a closed subset of this what is that closed subset with which this is being identified that closed subset is this that of p that is what it means this diagram commends this is the null shell and such and this is also derived from the null shell and such so it is actually the null shell and such for affine space you restrict it to a closed subset that is exactly the statement of this theorem it is simply null shell and such you know restricted to a closed subset nothing more than that okay. So that tells you how you get this bijection okay now to make to show that is a homeum of some okay you will have to show that this is a continuous map in both directions okay now that is something that you can very easily check okay so for example let us show that this map the identification of due to the null shell and such okay. So the homeomorphism I am talking about is this one okay let us first show that this bijective map which is the one null shell and such is actually homeomorphism let us show that that is also pretty easy to see okay so let me do that first so it is very clear that I have this comparative diagram now I have this comparative diagram alright because of what I explained so you have this bijection you have this bijection this bijection is actually coming from here from this and this bijection is the null shell and such I will just show that this is a homeomorphism okay once I show this is the homeomorphism this is the closed subset this is the closed subset okay and it will follow immediately that this is also a homeomorphism okay. So to show that this is a homeomorphism that the map let me write this map AM 2 max spec K of Y1 extra YM is a homeomorphism let me first show so I will first show that this arrow is a homeomorphism okay then I will show this arrow is a homeomorphism I will deduce that this arrow is a homeomorphism and I am done okay so how do I show something is a homeomorphism I will just have to show that you know it is already a bijective map one way of showing that it is homeomorphism is to show that both the map and its inverse are closed okay. So you know the condition for a map to be continuous is that the inverse image of every open set is open and that is also equally that is also equivalent to requiring that the inverse image of every closed set is closed okay and therefore to check that this is a homeomorphism it is enough to show that this map this arrow is closed and it is also which means it maps a closed set to a closed set and to also show that the reverse arrow is also closed because it is already a bijection okay. So let me give this some name let me use I and let me call the inverse map in this direction as small z which is I inverse okay and the reason is why I want to use I is because if you give me a point lambda 1 through lambda m what I get on this side is actually the ideal of that point which is y1-lambda 1 through y1-lambda m considered as a point of the maximal spectrum which is subset to the prime spectrum okay and the map from this direction is give me a maximal ideal I am just looking at the zero set for that maximal ideal which is a single point. The inverse sets actually says that the zero sets of maximal ideals are exactly the single point sets okay so that is the reason for this notation I and z. So it is enough to show to show that both I and z are closed maps it is enough to show that they are closed maps. So in other words what does that mean it is enough to show that the map is said to be closed if every image of a closed set is closed okay and it is equivalent to even showing that they are open maps but we always work only with closed sets because that is how the Zariski topology is defined it is we specify the Zariski topology the topology is specified by only defining closed sets okay so we always try to do all the checking with respect to closed sets. So you see so let us start with a closed set here and let us see what it is image there is so I start with a closed set f inside am then you see what is f, f is z of some ideal I where you know I inside k y1 etc ym is an ideal this is the definition of a closed set in the Zariski topology. Now what is I of f? I of f is look at this it is a set of all maximal ideals so let me write I of f is just I of x where x belongs to f by definition this is the image of a set under a map and so this will be equal to I of how does the point so you know this x in f will have coordinates so you know it will be I of lambda 1 etc lambda m where lambda 1 through lambda m is a point of f so this will be but I of this is supposed to be the maximal ideal corresponding to this point considered as a point of the maximal spectrum is a subset of the prime spectrum. So what I will get is I will get the maximal ideal at y1 minus lambda 1 and so on ym minus lambda m such that lambda 1 etc lambda m belong to f this is what I will get okay but what is f? What is f? f is by definition f is z of I we will have to use that and we will probably apply the nulseless so you know lambda 1 through lambda m belongs to f if and only if the singleton point lambda 1 through lambda m is a subset of set f that is if and only if you know I can take ideal of a subset so I of lambda 1 lambda m contains I of f okay because you know when you apply script I when you apply script I the inclusion is reversed but this is but what is I of a point it is just y1 minus lambda 1 etc ym minus lambda m and what is I of f it is just I of z of capital I which is rad I okay it is just rad I. So what you going to get is so that so the condition becomes if and only if the y1 the ideal y1 minus lambda 1 etc ym minus lambda m contains rad I okay but you see this is equivalent to saying that this contains I okay because you know because if an ideal contains I if one ideal contains the other then the radical of that ideal will contain the radical of the other okay so this is equivalent to saying that y1 minus lambda 1 etc ym minus lambda m contains I it is okay of course if y1 minus if this ideal contains rad I it also contains I because rad I contains I conversely if this contains I then it will also contain rad I because you know what is rad I it is all those elements some power of which is in I so if some power of an element is in I then that power of an element is in this but this is a maximal ideal so it is prime so that element has to be in this so these two are equivalent because the thing on the left side is a maximal ideal which is actually prime it is a primeness okay so but what does this tell you but this is if and only if the point corresponding to this y1 minus lambda 1 etc ym minus lambda m this the point corresponding to the spectrum is in Z of I because this is how the Z of I is defined in the spectrum in the spectrum of the ring okay so in other words what is this this is just Z of I and so I of F is Z of I which is a close subset so you know I should say it is Z of I intersection all the maximal ideal which is closed in max spectrum okay mind you if I take Z of I in the spectrum it will consist of all those prime ideals which contain I but I want I am looking at only maximal ideals which contain I so I will get Z of I intersection the max spec and what I want you to understand is there is a small there is a small element of confusion this Z of I is the 0 set of I in if you want I will put a subscript here I will put am okay this is 0 set of the ideal I in am alright whereas this 0 set of is the 0 set in spec R so there is a difference between this Zi and that Zi okay so let me do that so this is so I need to write that let me put SP sorry maybe I will write it a little larger so that you know you see the difference so here is this is Z in am K of I okay and this is Z I will put Z sub R of I okay where Z sub R of I this is being considered in spec R where R is of course K Y1 etc Yn okay so and this Z is Z sub this is Z sub am so let me correct that also okay so the 0 sets are being considered in different Zariski topologies one is a Zariski topology and affine space the other is a Zariski topology and this prime spectrum but the beautiful thing is it is the same ideal you start you start with the closed set here that is given by an ideal the same ideal that comes on that side when you take its image that makes that image of that a closed set it is the same ideal okay so that tells you that I is a closed map okay so this is the reason for that last equality so this implies that I is a closed map and in principle one should be able to reverse this whole argument and show that I inverse which is Z is also a closed map so how will you show that that is also pretty easy so what you do is conversely let T be a closed set in this in max spec K Y1 through Ym okay so what does this implies T is actually max spec K Y1 through Ym intersected with a closed subset of the bigger space which is a spectrum of K Y1 through Ym okay and closed subset in that is the 0 set of an ideal so it will be Z sub R of some J where J inside R is an ideal okay and what is this so this so what is Z sub R of J it is all those prime ideals in spec R which contain J if I intersect with the maximal spectrum I will get all those maximal ideals in spec R which contain J so this will be the set of all maximal ideals in this which by the Null seven sets is of the form R of the form X Y1-lambda1 Ym-lambdam these are all those maximal ideals such that the corresponding maximal ideal Y1-lambda1 dot dot dot Ym-lambdam contains J okay and this is what T is you can see very clearly that Z of T is just small Z of T is Z sub AM of J so it is closed so let me write that have very little space so let me write it anyway then small Z of T is just EZ in AM of AM sub K of J and which is closed so what is Z of T is going to be you know all those points of AM which corresponds to maximal ideals which contain J that means it is going to be all the points of Z of J in affine space okay so Z of T will just be Z of AM K of the ideal J so what this tells you is that the inverse map of I named small I which is small Z that is also closed therefore this is the homeomorphism okay so the moral of the story is therefore that this lower arrow which is the Null seven sets which says that every maximal ideal corresponds to a point okay that identification is actually a homeomorphism of topology spaces and now it is a matter of routine checking which I want you to do to show that you know under this homeomorphism okay if you see you already know that this diagram commutes okay you know that this is a subset here this is a subset there and you know that this bijection restricts to this bijection this is a closed set this is a closed set okay a continuous map restricted to a subset will be continuous for that subset with the induced topology so what it will tell you is that this the arrow in this direction will be continuous okay and because this is a closed subset here that is a closed subset there and similarly the reverse arrow will also be continuous so that will also tell you that this is also a homeomorphism so it is not just a bijection so that will prove the theorem that you have a homeomorphism between Z of P and max spec and of course this Z of P is Z in Am okay so moral of the story is that if I start with Z of P here in Am I take its affine coordinate ring I get this quotient ring if I again take its max spec what I get is something that is homeomorphic to Z of P okay I get back Z of P so it tells you that if I go like this and come back I get up get something that is not exactly the same as this but something that is isomorphic isomorphic in the sense on this side at least we have been able to prove that it is a topological isomorphism but in fact we are going to prove we are going to define what is meant by a morphism of varieties and we will show that this map this map and for that matter this map this map you can also think of it as in the most general sense you can even think of it as a morphism of affine varieties isomorphism of affine varieties okay so the moral of the story is if I start with Z of P then I go to the affine coordinate ring then if I come by applying this A and then if I come back by applying max spec what I get is not just something that is homeomorphic Z of P in fact you will get something that is isomorphic to Z of P isomorphic as affine varieties and what this isomorphism means it should be an invertible morphism so I should define what is meant by a morphism of affine varieties and that is something that I will do so I am saying that still the picture is not over that is on this side what we have got in this theorem is just a homeomorphism but it is not just a homeomorphism it is an isomorphism of varieties okay and that is the story if you go from here to there and come back okay and if you go from if you go this way okay you will also have to show that I mean the same kind of argument should convince you that if I start with this okay and if I take max spec of this okay then max spec of this can be identified with this because of literally the same argument and then if you take the affine coordinate ring of that I will get something that isomorphic to this okay only thing is that the yi is instead of calling the variables as y1 through ym I might call them as if you want you know say t1 to tm or some other names I could give but in any case I will get exactly a polynomial ring in m variables divided by a prime ideal in that polynomial ring which will go to this prime ideal under an isomorphism between this polynomial ring in the y's and the other polynomial ring that I started that I am thinking of okay. So up to so the point is if you go start from here go there and come back what you will get is an object up to isomorphism here isomorphism varieties and conversely we start with an object here go there and come back what you will get here is an isomorphism of rings okay so that is what happens okay. So I will stop here and probably in the next lecture we will try to understand what happens for an open set and try to understand how to define morphisms.


Hi I'm Mark Hughes. I'm the executive director of the Vermont Racial Justice Alliance and I want to invite you to our New program is called juxtaposition. So join us. We're we're live at 5 25 We're gonna be doing it on the second Wednesday of every month the second Wednesday Please tune in we've got so many things to tell you there's a lot of stuff going on issues affecting Black folks and black folks Effect and change so show up Come out We want to tell you about what we're doing in the community and we want to bring other folks from community In so they can let you know What's going on? I'm Mark Hughes with the Vermont Racial Justice Alliance juxtaposition second Wednesday 5 25 Come out and join us. See you there


We're back with another episode of the after hours podcast today We have probably one of the most famous yes We have had on at all and everyone knows who he is we have Tim Sykes Tim thank you so much for coming on today my man. No, thank you for having me. I'm a big fan No, we're excited and so I want to start with the first question Tim Where the hell are you located right now? Where are you? So on social media? I'm in Zanzibar, but that was like two trips ago Three trips ago because after that I went to Bali Paris now. I'm in Italy for the next week I'm all over I I know why you post a little bit delayed But can you kind of give the audience the story of why you started posting delayed? Yeah, I mean, it's it's fun to be well known like I appreciate you know people coming up to me and it's cool But you know it's also a gift and a curse sometimes I want a little privacy also like my friends and family You know deserve a little privacy. So I've had to like pull back, you know I started very much in people's faces and just live all the time and I've I've kind of drawn back just a little bit You know, I think people should be a little more careful just about what they post on social media We don't really realize the consequences. Nothing bad has happened.  There's a lot of people out there You know, you just got to be a little careful. So yeah, I'm a little delayed It's taking the fun out of social media a little bit, but they're worse I remember sitting at the the conference one year.   You got to do what you got to do You know, so I used to be like everyone like post where you are all the time like be fully transparent Now I'm just like be transparent with your trading like show your losses That's I think that matters more than like your specific location It doesn't matter whether I'm in Bali or New York or Italy or Paris like I'm always keeping New York hours Like when I'm in Asia, I'm extra crazy because like I'm up all night trading and then we have like charity or like I go on a lot of food trips in Japan. So it's either food or charity during the day then trading at night So I'm just a psycho more than normal. Yeah You are always working and traveling with people and just like going like absolutely crazy Do you ever get tired of making content because you have been going making a lot of content man Like and it must get tiring over the years. Is there ever a time where you're like, oh my god Like I'm so tired. 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I was drunk in every episode. I was very introverted back then So I needed I needed liquid courage and like it helped because I made it more entertaining Like trading can be boring finance money people can be boring.  Are you making money for one to maybe three weeks in a row and losing it all in one day? Are you struggling with sizing up on your trades? 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This may change your life To to be alive right now with all this technology and you know, we're all trading that this is the best market We're in the the most successful country in the history of the world like people just need perspective So it feels like I'm doing it for a while because a lot of you guys are young and maybe I've been doing it You know, I've been trading for a quarter of a century. That's older than a lot of my students Um, but I've been older Harry Harry here.  You're like, oh calm down want to be rabble like it's not good in the same boat Whatever works. I mean, it's We're we're still just beginning like the internet is only like what 30 years old Like we don't even realize how big this is this is like being alive We're like when the printing press got invented or you know, this is this is revolutionary and people still don't truly capitalize on it We have a lot of misinformation I think people who are using this technology the wrong way like the Kardashians where like now girls Do you know what the average guess this here's this How many average photos does a girl take before they post one photo on social media? Thanks to the Kardashians and a lot of other people like that. Yes on average Pass me 50. I would guess a hundred. I'm gonna go low and say seven Thanks Look the study that I read said 38, but taking 38 Understand they're not going to like 38 different places.   Like I get it. I like luxurious things too, but how many schools can you build? How many other people could you help with your platform, but she just doesn't care Yeah, yeah, something that you mentioned him is that perspective shift and I know that You travel the world So is there a specific place that you went to that you kind of had that perspective shift in your own life? So many different perspective shifts. I'll I'll say Bali really opened my eyes I was you know at the time this was before I started my charity. I was going, you know I've been traveling for a while. This is the beauty of trading But you know, there's only so many luxury pools that you can be in you'd be like, look at this luxury pool Oh, I have a pina colada. They're so beautiful and it's like But it gets boring after a while So I actually said this to my driver in Bali at the viceroy ubud beautiful resort And I was like take me to your village and he's like, what are you talking about? Like, why do you want to see that like we don't have a lot of money I was like, no, I want to see like the real Bali and we saw his village Met his family. It was really cool. Um, you know, and it started me down this path of like wanting to help You know other communities not necessarily just luxury Visit luxury hotels and resorts and really meeting with the people especially, you know, we are all from the most valuable Most historically successful country in the world. The dollar goes very far I know it has a lot of haters, but the dollar can go so far and now, you know, my charity has donated a little over 8 million dollars We have 115 schools Libraries now we're doing computer labs. We have a soccer field in Cambodia We're doing two recycling centers now and the money can just go so far when you see that impact So I encourage everyone listening to not just go to the normal places I know that especially in the trading world you can get stuck in this like Miami, New York, LA You know, Vegas every now and then maybe a little burning man Maybe a little like Formula one maybe a little art basil and it's like come on like you you have the same conversations There's only so many bottles. I like story too. I like live You know, I like 11 all these places. They're fun But like there's so much more you can do with your life and with your money. That's incredible, dude That was awesome I just I I think it's very rare to meet someone who actually like puts their money where their mouth is Especially when it comes to like charitable and like like events and like giving money away What what like when you started did you have the concept in your head that you were going to open like 100 schools over you like I just want to do this and like make and it feels good But how did you go to like grow this big? So it's like trading like you don't you don't say like, oh, I'm going to trade a million shares today You start small paper trade take small positions try to find your process try to find your groove And that's what I did with the schools I mean I I wanted to build a lot, but I didn't really know how there's some bad charities you have to watch out for You know, we had our first 3d printed school in Madagascar, which has been like a total mess But we're trying a new technology You start small and then you see how it goes and you know, I didn't intend on doing computer labs or recycling centers But we found out that's what the community needed That's why it's good not just to donate the money but to go to the community You see what they need like now we're doing clean water Programs because we met with people and families. We're building homes now. We have we built 13 homes at Bali I went there just on my last trip I haven't even posted the video yet, but we're talking with the families There's been a drought in Bali So they're like spending what they have so little money and they're spending it on clean water Normally they capture water from the rain and they have like slanted roofs and they capture it We give them like water filters, but there hasn't been water So they have to go to the grocery store by water and it's like this is terrible So now we're we're working on new water plants Um, you know to get them more clean water and just by talking to them And in seeing them in person you really find this out. I met this other family We built them a home, um, you know, we have one of their children in the school And then I was talking with the family and you know, we're also filming a documentary So you guys will be able to see all of this soon. We've been filming a documentary for two years We want to showcase all of it, but just going there in person meeting the family There was another one of their children who's too like afraid of going to school because he doesn't know how to read He's like a little behind He's afraid that like the other students are going to make fun of him I was like, we'll get you a tutor. We'll get you caught up and he was like the dad was crying He's crying and I'm like, this is so simple, but they're so Like they don't want to ask for help. They're very proud But you know a tutor, I mean literally I looked at the pricing and it's like $300 for like a year's worth of tutoring And that will catch him up and then he can go to normal school And he was just too afraid to ask because he's embarrassed You never have to be embarrassed anybody watching this if you don't know how to read if you're not good in math You're not good at trading if you're not good at anything we all start somewhere You should never be too proud to ask for help. That's the beauty of this. Look at this. Where are you guys right now? We're we're talking all over the world. Where are you all colorado? I'm in jersey I'm actually in new brunswick can though right now in boston And think about this this this was not possible just a few years ago And now we have it all like I read some report What we have like three quarters of a million dollars worth of technology like in our iphone and it costs You know still costs a lot, but it's it's crazy how technology prices are coming down You can get your whole dna sequence now for like 200 bucks a few years ago It would have been like millions like This is insane what we can do right now People just need to be pushed a little and like, you know made aware No, that's totally totally true and something that's really Interesting to meet him is that you've been training for a really really long time And you've seen all different types of market cycles. You've seen all different types of market shifts So what for maybe a new trader looking to get started today? What advice would you give him on this current market cycle that we're at? Yeah, I mean The most money that you make will be over several years like I have 34 millionaire students now Which is crazy. You can look at the data from all their trades. It's cool that they post all their trades None of them made much or anything in year one doesn't matter What kind of market it is and let's remember a lot of people who made a lot of money Who started in 2020 or 2021 during the mania? They lost it They lost most or all of it because they didn't have the proper lessons So I would encourage people to really start small think about building your trading education And your trading journey is like a house like building a foundation first and you need knowledge as the foundation Trade small paper trade don't expect a lot of money or anything Like I don't know if you guys have had jack Kellogg on yet. He lost 2600 year one He was trading almost every day and he paid me several thousand for my challenge So he's down like 10 000 after year one and this guy has become arguably one of the best traders up over 12 million dollars now So if the best trader doesn't even make money like tim grittani made nothing his first year He blew up his first account like it's you can't expect too much too soon But you can really build on your your knowledge and your compounding of your account Year two year three year four year five use the current volatility like this is supposed to be a slow month I wasn't even supposed to be trading that much august was just an amazing month for trading So take what you can to learn what you can bull market bear market I see people worried about like comparisons to 1929 and 1987 coming up in october But you know, perhaps the fed will start cutting interest rates I've seen other comparisons to bull market years. You can't guess the market You don't know when the next crash is going to be you don't know as the next mania is going to be All you can do is control your preparation and I tell people I sign off my webinars I'm like, who's ready to crush it in 2027 and they're like what time zone are you in why 2023 and I'm like, no, you got to think about what you can learn now 2023 2024 2025 2026 to be ready For the mania potentially of 2027 or 2030, but people don't want that. They want hot picks They want money right away, you know 90 percent of traders lose So they're trying to prove to themselves their family their friends social media that they can make money right away You don't have to prove that you have to prove that you know How to grow your account so that when you have enough knowledge when you have the right market That's when you really capitalize like if there's a mania like 2020 2021. So tim you're Truly I don't I don't know how many people have actually acknowledged this publicly, but you're the reason why Most of us are sitting here in this room right now Your ability to market your ability to attract people into day trading into the stock market Is the reason why I'm sitting here right now is the reason why I can't speak for others But that's the reason why I'm sitting here had I never seen a Tim Sykes ad I would end up I would never be sitting here right now So How did you get into it? And then how what was it that clicked that all of a sudden you went? Whoa, this could be so much more than what I just did I mean i'm jewish for his gump like things just happened I'm not a smart man, but I know what trading is um It's It's crazy like I I you know There's a case that could be made that this is all like a simulation because things just work out for me Even with my losses and like my losses helped me learn what not to do Um, you know getting in a fight with randa lane Who was this this big time magazine editor of trader monthly? And then he like just ripped my name through all of his press friends Like when I first got started teaching that the Reuters article after I talked to her for four hours And thought that she understood my story and the article title is failed hedge fund manager tries again on the internet And i'm like The ups and the downs like it's it's crazy, but I appreciate the downs And you learn from them, but I got started trading senior year of high school. I had surgery on my arm I had tommy john surgery. I was a tennis player couldn't play tennis anymore. I had surgery They take something out of your other arm. They put it in this arm. I'm walking around with two casts I look like freaking robocop and yeah, I can't do much But this was 1999 the stock market was going crazy You could have been a moron and put your money in anything and made a lot And I made roughly a hundred grand senior year of high school, which was a lot. I'm from a small town in connecticut Um freshman year in college the first four months is when the naziak went from 2000 to 5000 I grew the hundred thousand into nearly a million freshman year And I you know, I have three fake IDs taken away from me. I can't even drink beer Like I I'm a downloading illegal movies from merc and my freshman dorm room Like I didn't deserve to make nearly a million dollars like what's going on and you'll laugh My number one strategy at the time companies just added com to their name And they would spike the three four five days in a row sportsman's guide opened my eyes. They sell camping gear I think they're still around I put out a press release sportsman's guide is now sportsman's guide.com. We're going to sell camping gear online Three to twelve in a week not even all at once And I'm like are you in the over and over again? Like there was probably 500 different companies that added com every single one of them double triple quadruple Um market watch was was an IPO before cbs bought them. That was like up 50 000 percent like it's it was stupid But I was in the right place at the right time A lot of people made a lot of money in 99 in 2000 But I learned short selling in 2001 2002 because I realized that there were so many pump and dumps And then I gravitated towards that not many people adapted Most people never adapt they find one hot strategy and then they think that's it Holdlers for example So when the when that stuff was going wild, how are you submitting orders?  Um, I mean this was old school. I was using compu serve in aol dialogue modems Um, I remember there was the y2k thing was going on and I remember I went in I had made like my first I think it was like maybe I made like 50 000 So I took my parents into new york to see a Broadway show. They had never seen a Broadway show We didn't grow up with a lot of money So it was a big thing and there was a y2k stock. I want to say it was like gr8 like great Um, something's pouring me like that and everyone was afraid y2k like all the computers were shut down these y2k stocks Were surging and I I think I sold some before the Broadway show just in case But I came back and it had gone from like 50 to like 118 in a day And I was like pissed that I had sold some and I was like what no accelerate Accelerate with the eight at the end It wasn't good. Sorry. And this I mean this was 20 plus years ago. Forgive me But like you're doing pretty good for two decades That goes well It comes back now if you look at like a lot of companies say we're getting into crypto or we're we're working with chat gpt We're getting into ai. It's the same thing a lot of companies were getting into the marijuana business You see these kind of hype cycles if you compare abola stocks versus kovat stocks It's very similar kovat just actually went, you know More than abola. Abola never really took off.  No, I missed that one Which which sector do you think is making the most headway right now?  You had abola You had the police scanners where it was hmny and dk or whatever it was dgl y Yeah, and all of those and then the shippings and everything else, but Do you think ai is that sector that much like dot com? It's here to stay Not all industries trade well Marijuana stocks, for example big boom, but when they were crashing they didn't bounce You know, I remember mmn ff the craziest ticker and it just dropped and it kept dropping this was, you know Jack Kellogg and Kyle Williams biggest loss those days because they dip bought and it just kept dropping They sized in they each lost six figures. I take very small trades I made like two grand and I was like trade like a sniper a trade like a coward and they're like shut up And they were making millions like on the month anyways um You can trade as conservative or as aggressive as you want but like ai trades very similar to marijuana Like even invidia when they were breaking out the other ai stocks were gapping up 5 10 percent By the end of the first day of invidia's big earning spike the other ai stocks were read on the deck It was very strange. So um, and now, you know invidia keeps going and and I know some people say like it's accounting tricks Some people say it's just the beginning of the ai revolution. There's ai which keeps going I was buying that in the sixes and selling it in the sevens and I was like, yeah Now it's like, you know double You crushed it.  Yeah, exactly I mean, I was happy just to win like to I'm happy that there's like a hot sector 2022 there wasn't really much. It's just like survival of the fittest. It was like the hunger games um Now it's just like now ai is at least pushing stuff forward, but it's not it's not as easy as crypto um, you know There's there's some nuances. So I I wouldn't be too aggressive right now September and october are going to be very volatile It would be cool if we come back to the year Ai like I wouldn't want to be a short seller like I know a lot of short sellers like their hearts are failing They're going for weekly medical checkups. I have some short selling students You know, they have like gray hair like literally students were really the same age as me and they looked like fucking gandoff And it's not like a pretty cool gandoff It's like I'm like Dude, so I wouldn't I wouldn't be a short right now But at the same time like I don't know if we're going to break out to new highs again I just take it one trade one fad at a time I'm just happy to be green. You know, I was green in 2022.  I looked down at my fingers one time during the mania I don't have enough fingers to do all the trades that I want to do and I was like cracking up I would like wake up at 2 3 in the morning I watched tim grittani's dvd trading tickers and he has so much patience and I had nightmares And I was like stuck in this position and I was like it was like a short selling nightmare And I was trying to have patience. I was trying to be like tim grittani I don't even short sell anymore My life has gotten much less stressful since that change But I woke up at 2 in the morning and like I was conflicted because tim grittani says have patience But I was getting squeezed and I was like, ah, and I woke up in a cold sweat I don't short sell anymore. Thank god You just gotta you gotta take the volatility you gotta adapt if you want to trade small if you want to donate Do it, you know, if you want to trade big and you you want to be aggressive I don't think that this is the right time I see from like your instagram stories and stuff like that you hang out with like a lot of traders like a lot of guys and um You know when you're hanging out with people like there's like conversations and stuff like that And would you say that like the strategy conversation changes mostly over the years or would you say that it stays the same, you know Like otc breakouts or like, you know, shorting gappers or whatever Do you think like the strategy has changed a little bit over the years from like when tim grittani started Or it's just kind of been the same stuff Yeah, so it's interesting. I mean part of the reason why I got into teaching was like I've been I've lived a great life. Thanks to these patterns, but I'm also cursed like I I can't I'm addicted I'm like this alcoholic bartender serving people drinks and I'm like one for you one for me Um, and I'm like if I teach this stuff Maybe I can collapse the patterns if enough people do it and then I'll be free And I'll make a lot of money from teaching I have made a lot of money from teaching but I haven't collapsed the patterns now There's more short sellers than ever and the good news is the short sellers are the new promoters And so I'm so grateful like my whole twitter feed It's like every day thanking short sellers like thank you for being such fucking like psychos In shorting these low flow plays and helping spike them up with far more volume than the promoters ever did Like, you know, Jordan belfer can keep highlighting videos with leo pretending that he's Leonardo DiCaprio when he's not and he still owes his victims 100 million dollars But the promoters are gone and short sellers are spiking stocks bigger So I'm like short sellers send me your addresses. I want to send you edible arrangements. I want to keep you healthy I know you have health problems. Let me give you some fruit Let me give you some vitamins Maybe give them some vitamin water so that they keep shorting and I like to mess with them too Like if you look at my twitter feed like short sellers don't just have health problems.    Thank you She How how important would you say is risk management strategy to him because shorts are you have the ability to lose infinite amounts of Money, but there's also times like you said where if you're long biased these stocks don't bounce either So what is your risk management strategy?  They get halted the volatility halts The brokers have issues. I think that it's very very dangerous to be a newbie short seller I mean even like literally like jack kelloch tim lento like chi wins They lost six seven figures on HKD like even the best short sellers that I know are losing big sometimes Again, you win more than you lose but newbies just don't have the experience or the know-how This is why if you are gonna short.   Yeah, I think it's very key that you said position size management Because a lot of people don't talk about that They just talk about the max loss which is you need to have that But if you're oversized to stop number one The liquidity could be fighting against you and you are your own worst enemy because your losses get exponentially larger So I've personally found myself that the smaller I size the more money I actually make because I'm less emotional And I'm able to be more patient on the stock. So I think that's very important I think people like even long should trade smaller It's it's crazy how much you can do when it's not like money gets in your head When you're trading big and you know the pressure's on and it changes your whole perspective You don't think about size or patience or anything. It's very very dangerous Um, you know with too much size for newbies and for veterans too. Hi We've got a baby here too. It's not my baby, but it's a baby. Oh, I was like there's some news coming out to the social medias Nope. Nope. Nope. Not my baby. Not my baby.  You mentioned that, you know, just because you put a stop loss It doesn't mean that you're going to get out I'm somebody that actually experienced that exact situation and on rkda Thank you for your sacrifice. I appreciate your sacrifice I always think short sellers I say we appreciate your sacrifice for the greater good for the greater spikes You're sacrificing your money.  You're sacrificing your health Ask not what the short seller can do for you, but what?  It just limits up and gaps out of nowhere and that that Most most brokers route their stops through arca And the thing that they don't tell people Is especially on these small caps if it limits up Higher than 50 cents and it just skips bids and asks completely Then arca won't execute you because there's bands of where they allow Slippage and when it gets over that they won't just execute you at any price And so I had 3 000 shares roughly I got 300 off in the limit up and I had them I was like market stop out of this bitch. Nope that didn't help at all And then all of a sudden I'm stuck and then james is like, oh you already got out.  So you just don't see that many pumps You pull up hcn wf. Do you guys remember this one a few months ago? This was like the last great pump that I remember htn wf hcn very charlie nancy hyper charge Look at that pump That was a beautiful pump, but that was not short sellers. That was like just a hard copy like promotion Because I was I was flying to dubai with with jack kellogg and we were watching this and it was like crazy I was in at 60 cents. I was like, let me play it safe. I'm out at 63 cents. I was like, we're flying to dubai I don't know we're gonna land, you know in time. He held it overnight from like 60 to like 87 I think but still I you know neither of us expected to go to four bucks That was a great pump But this is a very common thing that promoters used to do and we just you know, I say rest in peace I think a lot of promoters maybe they're in rehab You know, maybe they're they're in jail. Maybe they sold their email lists. Maybe they burned their email list I don't well, but we just haven't seen that many promos Fortunately short sellers have come in with much more volume in the stock spike So much more beautifully pull up vfs. That was a beautiful short squeeze I thank all the short sellers listening for their sacrifice for vfs. Whoa. Wow.  Oh the war not way watchers not way watchers, but way watchers. I think But it's like this these are this is what's spiking so I I just try to focus on whatever spiking I'm grateful for all the volatility. I'm grateful for the plays whether it's a short squeeze Whether it's a promo, but this is what I'm looking for and I think more people should focus on these kinds of inefficiencies where the stocks don't deserve to be up that much But for whatever reason they are and that creates more predictable patterns than trying to guess like the value If you try to guess the value of a company, I think that you know, you just have so low odds Especially if you have a small account, it's going to be tough to try to grow your account. I like these inefficiently priced plays Yep, something that you mentioned tim is the atlas trading guys and I know that you have it out for the promoter So what do you think about that all the situation with atlas and uh, just your thoughts on that? I never have it out for anybody. I just people just have thin skin Like I always I have a whole video like thanking the atlas trading for all their pumps Like, you know, it was great to buy the pumps like even what was it a phase clan fa ze I was so grateful to those guys like there were so many of them and they would always They would always like mention the ticker in their little what what's the what's the software they use not discord rooms twitch They have twitch rooms and like I can almost guarantee that they were like texting each other being like I'll mention the ticker at 11 a.m. I'll mention at 11 10 a.m. I'll mention at 11 20 a.m. And they spike the stock so beautifully now. It's like useless but like phase clan atlas trading any of these groups that create these Inefficiently priced stocks like I like it I always said, you know to the atlas trading like that that one guy with the crazy greek in the last name He took it personally and he was like he made a video.  Um, I I don't want like I was I'm grateful for the promoters like I if they have a code problem. I'll give them. I'll help them with rehab I don't want to be like what was that movie with densel washington where he had a code problem And they didn't want to send him to rehab. So they they specifically like the lawyer got him like extra coke I don't want to do that. I want rehab I want the promoters to live a long life With many people who live as long as possible to keep pumping as long as possible to create as many plays for us I appreciate their sacrifice.  Thank you. Thank you short sellers Like if you did if you did like a heart like examination on short sellers There could probably be a study that like heart, you know, like the like I don't know health Shorting health wise like probably you have health risks of short selling You cut your your lifespan in half by short selling like it's I appreciate this sacrifice I want to live a long time. So I'm not into that but I appreciate people who you know Are like, you know what I hate this company. I have a toxic mindset I'm a You know negative leper and I love being in discord chat rooms and having like fake screen names and fake twitter accounts I appreciate them so much. We need more of them I've never really heard the answer to but I've always like kind of wondered in the back of my mind It's like how do you feel that some of your students are like teaching now? You know like you're you've had like successful students and now they're kind of like teaching some of them have their own Discord rooms and stuff like that. Um, I've always wondered like how do I kind of feel about that? Well, especially the short bias ones Yeah Again, I I appreciate everyone's sacrifice I think it's very dangerous uh to short sell as a newbie But you know someone has to get squeezed to create these great spikes that I love trading. So I don't choose who does it. Um, you know, and I think that we do need more teachers I appreciate that my students are still fully transparent like even alex props to you You know for for talking about that big loss that you had like we need more transparent Traders so whatever your strategy is understand. I make a lot of jokes. Like don't take things so personally This goes for everybody out there. Um, but at the same time like I'm just looking for opportunities whether it's a short squeeze whether it's a promo Um, I'm always looking for some kind of catalyst. Um, I love breaking news plays You know when there's no breaking news when there's no short squeezes when there's no pumps I mean, I don't there's not much for me to trade. I'm not trying to invest in the long run So the more discord rooms the more people um that that short sell Um, I encourage like a lot of like newbie short sellers to try to teach Other short sellers and teach them the wrong rules to create even more short squeezes like I don't want as many untrained short sellers as possible. Um, just for more squeezes I don't I don't take things personally like it's it's it's all about just more opportunity because when you have more opportunities Not even just for for earning like I sold hcn wf way too early But it was a good lesson and I think that a lot of people long and short traders will benefit by just seeing So many of these like I I hate it when someone says like I've never seen a play like this before That means that you either a you're not studying like all these crazy supernovas or you haven't studied the past I think a lot of people would do better by studying the past. I say i'm basically a glorified history teacher I've got 9,000 video lessons 2000 webinars People don't want to watch these old ones like tim grittani gave 70 webinars to my challenge students But he hasn't really been trading that much full-time family man god bless But those webinars are gold because the patterns repeat I can't say like past performance is not indicative of future returns, but it usually is absolutely Tim this is something I always like to ask people who teach but as an educator Do you feel pressure? Like trying to perform for your students or like always like be your best You know if it's tough because you have a lot of people with you and I've always wondered that Um, I mean I know like I do live trading webinars. I do live trading events I definitely feel pressure to trade live because it's like oh, I'm going to see you know Tim Sykes trade live and then I see no good trades and it's like how was your trading event with Tim Sykes?  Was that it? No last go go back to 2022. Maybe it was that big spike back Back there. I think that probably Yeah, this big volume day. I don't know there's one of those, but I shouldn't have been in it and you definitely feel the pressure Um, so now for me. I'm trying to teach like, you know, patience. You don't need to be in a trade all the time Um, for me, I love like traveling because I actually trade better while traveling Some people are like, what am I paying you to be on vacation?  I'm living in that way I don't want to trade but I I say I think of myself as a retired trader I'll come out of retirement if there's a play that's so good. I would feel guilty missing it Some of you were like, what are you talking about? What kind of mental problems you have? But like if you over trade you should try to focus on the best Only so you don't have to trade every day, especially with like penny stocks. Yeah I mean, this was this was when I was trading it So do you think that do you think that like the recent attacks like the ftc is done on on other Places where you know, they can't get them for anything related to the sec But they get them for ftc, right? Most of those rooms are long biased Right. Do you feel like things are running? Not nearly as powerfully or the traps are a little bit different now because you don't really have The strength behind the pump rooms that are on the long side and the morons that are on the short side So you don't have the coupling factor But I mean there's more moron shorting than ever and I'm so appreciative of that like the short squeezes have created Much more volatility much more upside Much more volume than the promoters ever did and and it's you know, understandable So Again, there's going to be times where like short sellers are going to be right more often Like if we do crash in september or october short sellers are going to clean up fantastic If if we go out break out to new highs, you know, short sellers will support the medical industry with more Checkups more prescriptions More hernias, I don't know Um, I mean, there's there's I don't know if it's been resolved But there was an investigation into short sellers and like all these short selling newsletters come out with like these These short exposés right after each other I was dip buying a pld a few weeks ago and not one but two Short exposés came out within a half hour of each other just randomly. Oh We discovered the same short thing. Oh, we released it within a half hour. What a coincidence You were you were exposing this talk to oh no god. No, we never talked to each other.  Are you shitting me right now? Look, you can count on short sellers. You can count on like, you know Sketchy companies like my biggest loss in years was eftr I I stupidly bought the pre-market news biotech plays were running. They did a I think it was like at 8 30 in the morning or 8 a.m Like really positive news release and then like at 9 a.m They did a toxic financing and I was like normally I saw a toxic finances like good good company like good news in the morning Shady toxic financing in the afternoon or after hours But this was both pre-market and I always say expect the worst and you'll never be disappointed I was not cynical enough. I did not expect that they would have a financing and you got to think wait a minute They just had a positive press release like 20 minutes ago And they put out the press release and they're signing like five minutes later the the toxic financing at half the price like You you have to count on the scumbaggery of companies, especially biotech companies In the good news is it's always going to happen. There's always going to be small companies that are shady There's always going to be you know god blast short sellers. There's always going to be hopefully the promoter if they make a comeback But that's that these are all somewhat predictable nothing is a hundred percent of the time but like these are predictable more than not patterns that you can trade Something that's really cool to me tim is that like you're a very successful trader You're a very successful business owner entrepreneur. You donate a lot of money to charity But my question that I love asking people is how do you diversify your income outside of trading? Because I know you donate your trading profits to charity and I'm sure you have some sort of nest egg to kind of fund your lifestyle So how do you invest outside of the market to kind of make sure that if you want to never work a day in your life Again, you could do that. Is it real estate? Is it I'm terrible with that. Um, I have nothing. I I'm all cash Um, I'm missing out on this this bull market because I didn't expect it My teaching business has lost money for two straight years People are like, oh, you just teach suckers a new profit off and I'm like actually I've lost money Because we're investing in new ai tools and new programmers and a bunch of stuff Um, no, I'm really not a good businessman like people think that I am they're like, oh sites are something good marketer I should have a million students if I was a good marketer like, you know I've really broken down these patterns and come up with like this now great archive that I think really could change The lives of millions of people. So no, I'm not a good business person.  I've made a lot from teaching in years past, but um, you know At the same time I could do so much better. My accounting yells at me like weekly for donating too much compared to my income He's like, you know, you're not making any money. Like why are you donating so much? And I'm like flat out, um it's You have to have priorities. I I it looks like I spend a lot, but I really don't like I'm actually pretty frugal Um, I got rid of all my cars, you know, I have a place in Miami Just like for my parents move them down from Connecticut To spend money on food though because there was one time that we went out to dinner together in Miami And you must have ordered three of everything on the menu I mean food I think is a great value play if you want to say like what should you invest in I think great great food Like you can have a world-class dinner and not spend more than like a few hundred or a few thousand dollars It's very tough to get a world-class experience of anything for just a few hundred or a few thousand dollars If you want like the best of something in an industry, you're gonna have to fork over much more So I think food is a value play and I also love it and I also love, you know Like not even just eating but I love eating with friends and like showing people like new cultures new cuisines Like I gave jack Kellogg like we were in Utah, you know, not even like world-class restaurant. I just gave him pad thai for the first time, you know You have to understand jack Kellogg you've been so obsessed with like trading and learning. He hasn't gotten out much Now he's finally getting out a little more and I'm like giving him pad thai and he's like, I don't know about this I was like, trust me. You're gonna like it and then he loved it because pad thai is delicious And then a few weeks later we went to Dubai, which is a whole another level for food And he loved that then we're eating at like the top restaurants of this food tour in the uk and sweden and norway He's eating at geranium the number one restaurant in the world Like he's his education with food like just went up like parallel like with his his account You know a few thousand dollars to 12 plus million from pad thai to geranium in like a few months Yeah Yeah, my next question was actually about food and then alex said brought the food up But i'm wondering if you could give one really good restaurant experience and then one really bad one Because i'm sure you have a bad one in your mind where you're like, fuck You don't have to say the name so no one gets sued I'll tell you there's a curse of the world's number one restaurants Noma I went to also the number one. Uh, what was his name in in italy and geranium Like all of them have been rather disappointing when you get to number one I haven't been to central and peru. We were supposed to go to peru We have two new computer labs there, but they had political instability So I had to cancel my trip the president got arrested like literally the week that I was going to go which sucked But like all the number ones have been rather disappointing To me and and it's crazy because they're like world's number one Like whenever I post noma everyone's like, oh, you got in like this is amazing and i'm like, yeah I'm into noma four times. I've been very spoiled geranium was good, but I I wouldn't put it like number one Like here's a here's a little tmi tip jack kelloch puke everywhere after geranium. He couldn't handle it He missed the next night. We went to alchemist, which I think is far better And he missed alchemist, which is a 54 six hour menu. He didn't even make it Lucas and I ate it. Lucas is a good eater short bear. Have you had him on yet? You should Now we're gonna get him on soon. I actually went out to dinner with lucas There's probably one of the most expensive meals I had I think it was like 1500 a person I mean he can he can eat a lot, but he's like seven foot three, you know So it's like it's like a small meal for him But you know, he's a he's a great guy great trader. I'm gonna see him in a few weeks in japan We've got a a crazy food tour all over the best restaurants in japan and like what three weeks So i'm excited for that I you know Be very careful with a lot of these rankings like I for me when i'm when i'm looking at food I don't just look at like michelin. I'm cross referencing michelin trip advisor yelp Gaiot i'm looking at everything like I i want to see it I want to see it all and and you know michelin even the world's top 50 is is very, you know biased It's it's you know, you can look at any industry and pretty much find corruption Man I got one more I got one more question for your time And then we'll wrap it up is if you were to go back and change anything Would you change anything in your career? Whether it be starting or anything like that and he regrets in your trading career anything like that Yeah, I mean I wouldn't like again. I have like this crazy sense of humor.  I'm like, you know preparation for this interview Don't make short selling jokes. Don't make short selling jokes I can I can't help it. So it's yeah, we don't take it personally, bro It's we do none of us take any of this personally No, I know but some some toxic leper short sellers who live in their parent basement And they have five fake usernames in five different chat rooms watching this real quick It's you personally because it hits too close to home and they're like sims are just talking about me And you know I feel bad. We'll know i'm in the comments. No come out. We'll see him. We'll see him in the comments I joke around I kid I kid I joke with you.  I mean, we're jewish It's it's in my jeans It's in my jeans when I'm thin.  So I was like, yeah, I look like ben afleck.  No, it's We're wasn't immediate. So I'll I'll tell you One story that really changed my life going to the village in bali really helped Getting my second lamborghini was a game changer because first lamborghini childhood dream Accomplished I had used to have posters up on the walls. I never even dreamt as a kid of like owning nice cars I was like, I just want to drive them. I wanted to drive like a ferrari testarosa Then I owned the ferrari and the lambo and the rolls royce and the mclaren and they were fun They're all fun But when the second lamborghini came I felt nothing and I was so freaked out and I had like a whole You know short-selling-esque type like health crisis where you know, I just I was worried like I was like Why do I feel nothing? Like this is my childhood dream But frankly ever since that moment like it was you know, once you're over it you're over it and I still like nice cars, but I have no Desire to own them anymore. Like if I drive them I drive them.   So once I started Donating more really made me happier inside. I know it sounds horny, but it's true And now trading small Really helps because like trading big like trading big lost the adrenaline longer short I don't have the adrenaline rush anymore trading big like I used to when I made my first hundred thousand dollars freshman year Over the weekend isco bought it in the 17 sold in the 29s over the weekend gap up You know, amazing sold it too soon. The next day was at 40. I didn't care I made over 100 grand took my whole freshman dorm out to dinner one of the best days in my life Open my mind up to how much you can make and I didn't even time it perfectly Then I had a few other 50 a hundred thousand dollar wins Every single one of them less adrenaline rush. I was like, yeah, I still got it. Cool You know, especially short selling The big thing for me as a teacher Even if I banked on a short a lot of my students couldn't get the execution. They couldn't get the borrow I have a whole music video called no borrow no cry. Um, and so I I've seen that it's pretty fucking funny I gradually rotated into going long and and it's for me now the Adrenaline rush is when a student makes a thousand or 10,000 a day for the first time We're not even money But just does a well executed trade that gives me immense pride and now I donate all my trading profits to charity That makes it more meaningful for me because normally if you make a thousand bucks It's not going to really influence my life, but a thousand dollars I know how far that can go in Bali or Philippines or in the 30 countries that we have charity projects like 45 Dollars can feed a family of five for a month in Bali. You can build a house for $2,500.  Just You know it opened my mind when you travel more I I can't encourage all of you to travel especially to third world countries It gives you perspective and you know part of the reason why we're doing it and doing this documentary Um for for Bali like I I sell finance. This is our third documentary. I sell finance all of that No donations go to any of that and all the donations go specifically to the the projects that we do But I sell fund this because I want people to see it and you know, not just Okay charities good helping people in third world countries. That's good But like seeing how they live seeing how little they have but like especially people in Bali like they're so positive. They're so Just grateful to be alive and to have their family You know when the Philippines and Laos and Nepal and South Africa was just in Tanzania all these people have such Immense positivity and then you look at America the richest most successful country in the world We have an opioid crisis people are so Sad about traffic and the political divide and it's like Do you know how fortunate you are? No, you don't because you don't have perspective So I really want to show the third world kind of perspective to the first world I think it can really help just Have people really be much happier with what they do have and especially take advantage of the opportunity Like literally I was in Tanzania with my laptop and like the whole staff came over. They'd never seen a laptop before We went to this one place. I encourage everyone to go to Pemba island in Tanzania. It's off the grid The whole island basically is two two hotels really nice hotels But the rest of the island they only got electricity last month And we're driving by these little communities and they're literally there's like I saw this one house They had a light bulb and they're all just dancing around the light bulb because they've never been able to see at night Like it's it's crazy to me in this day and age and they just got electricity and they were They didn't know like we were driving by they didn't care They were just happy and it was like can you imagine being that happy if you saw a light bulb How many what percent of americans if you just had a black house like a blackout or the power went out And you have a light bulb. How many americans what percent would be so happy at your dance?  They'd be like screw this town. What's wrong with the government like It's just perspective So I think that you need to live more you need to travel more you need to experience more and you need to be open-minded And you'll be shocked at what really moves you and what you can learn from your experiences And understand most people don't have the luxury of being able like oh, I would love to go to a third world country I'd love to go anywhere most americans don't even have savings of a few thousand dollars They work at a job that they hate 75 percent of americans under the age of 30 hate their jobs So it's like it's a luxury to be able to travel That's part of the reason why you know one of the one of you guys asked Do you ever get tired of creating content? It's a luxury for me to travel And it's a luxury for me to share it because I want more people to see this stuff So is there a tim Sykes charitable jet line coming soon to an airport near you No, I don't even do jets anymore. I mean I was during the pandemic One one crazy time. I was on this this program called jet suite. I don't know if you remember jet suite or jet smarter Um jet smarter jet suite still goes to Vegas jet smarter It was like uber for jets And I think I paid like five grand or seven grand for the year and you could just take jets like anywhere And it was crazy like there was like random people on the jet and I was like, oh, what are you guys doing going there? And they're like, oh, we got nothing else to do and it's like free unlimited jet thing But during this was like my last jet ride and we lost, uh, what was it? What's steering on the jet called? There's a word for it. Why do I always forget this? Do you guys know? No turbine. I got no clue I should know this anyways There was a loud crash and I heard a crash and we couldn't land at the airport that we needed to And like my parents were coming to pick me up like it was it was scary There's nothing I could do loud crash like people are crying and It was it was during like the the bitcoin spike and everyone was like a crypto Holdler on the plane and I was just picturing like the headlines.  Like it was a rough landing. Um, we're all Going down with crypto.   I'm sorry Um, and this was this was my my last jet ride. I haven't gone on a jet ride since Um, they they usually don't even have good wi-fi. Like I need a good wi-fi like, you know, so No, no no no jet line and also again, like the the charity is completely separate We donate 100 to all the projects where 501c3 people think that like, oh, you have a a charity. No, I'm transparent with my trades I'm transparent with my donations. So I want to be clear about that And where could people donate him if they want to donate to support? Or if you go to karma gawa.org Um, it was the tim sikes foundation, but I don't need anything in my name. I'm not looking for Like another rich white guy looking for attention. Like we don't need that. So, um karma gawa k a r m a g a w a Dot or and so I have a partner his name is not a bad He's a great photographer gawa in the filipino tagala language means to do or to make So we partner we're like, you know, he takes photos and videos that are really emotional. We donate money We have charity merch And it all goes to helping these these different causes and communities and it's It's given me so much motivation and I I just hope that you know, the short sellers out there continue to short to To squeeze people and I'm sorry. I'm done with the short