We're back. We're live. We're at 10 o'clock rock here on a given Wednesday after a given Tuesday, which was of course yesterday. That is what August 16th. Oh, the clean clean energy day. Sharon. It was fabulous. That's Sharon Moriwaki, my co-host here. And we are honored to have chair Randy Iwasi. Let me tell you a little about him. He's the chair of the PUC. He was appointed chair of the PUC in January 2015. He was named chair of the commission by Governor David E. Gay for a term to expire on June 30th, 2020. So he has plenty of time to change the world, right? Before his appointment to the commission, chair Iwasi served as the chair of the Hawaii State Tax Review and chair of the Hawaii Labor and Industrial Relations Appeals Board. He also served as a supervising deputy attorney general where his division provided legal counsel to the Department of Commerce and Consumer Affairs and the Public Utilities Commission. Chair Iwasi is a former state senator and a former Honolulu City Council member. He holds a JD from the University of San Francisco School of Law and a BA from the University of Florida, Gainesville, where he graduated with honors. I'm reading from the PUC website. It's a picture of him, which doesn't look entirely like him, but it's close enough. And also I want to mention this is very important that he ran for Governor of the State of Hawaii in 2006. Am I right? That's correct. Welcome to our show. We are honored to have you chair Iwasi. Thank you, Jay. Thanks, Sharon. And thanks for speaking yesterday. Can you summarize your remarks at Clean Energy Day? Well, it was just a brief recapping of what has been happening at the PUC at an operational level. We've increased staffing from 32 to 55. Staffing is critical. I've been in government now for 34 years and commissioners like me, we're like leaves in the wind. We come and go. But the staff, they provide the continuity. They provide the expertise. And the people we've hired are very energized, very committed, and I'm very pleased with what we've gotten so far. We have room for 10 more people. And they have... If you're interested, contact the PUC. Yes. And you have space for them now? No. We have to wait. We fill up the space. But it was critical because we had the merger case coming on. We had what I called the four major dockets, demand response, distributive energy resource, the power supply improvement plan, and the decoupling dockets. As I said yesterday, the Nxtera merger case sucked all the air out of the room. Because it was the case that everyone wanted to know about. But lurking there, just as important and in my view, more important, were these four dockets because the Nxtera case was about who would be operating the utility, but not where they're going to go. These four cases set out the blueprint, the pathway, and whoever runs the utility will have to travel those pathways. And these four dockets, which are very major, involving the utility, involving stakeholders from across the community. And that's what we're working on now. Does that mean you're working on modeling or remodeling the utility? No, no. You know, for example, PSIP, which is quite critical for us, it's asking the utility, you tell us how you are going to implement programs and initiatives so we can get to the clean energy goals that we've set. What kind of capital projects you're going to be looking at? What are your long-term goals? And it sets a framework from which we can look at submissions over, say, the next five years from the electric company to determine whether or not these are initiatives that should proceed or should not proceed. So it's, in many ways, a collaborative effort because, and that's a much overused word, collaborative does not mean you don't disagree. It does not mean you sometimes don't disagree greatly. But it's a process that has been in the works and we get input from the stakeholders. Hawaiian Electric has to hear it. We hear from Hawaiian Electric. We kind of manage this process. We will be issuing a PSIP order again within the next week or two, hopefully within the next week, and hopefully looking at a final PSIP order sometime in early January or late January or early February of next year. So it's not so much dictating. It's because this field of ours, this thing called energy sustainability, it's ever-changing, it's evolving, and so it's important that we involve everyone in the process. And for the community, just what is the power of PSIP? What is it generally the power supply plan? What does that entail? That's what we are working on now. It's asking the utility company, how are you going to get there? So the supply? How are you going to, what are you going to do about smart metering? What are you going to do? They had put in, for example, in the PSIP, heavy reliance on LNG. Okay, if that's not going to be the A transition view, what will you be doing? What kind of cost are we looking at? Provide an analysis to us of what you would want to do so that we can look at it to determine whether or not this is a good path to follow, whether it is cost effective, whether it will provide energy efficiency, safety, and reliability. And it's been an ongoing process. It's not easy. It's not going to be finished. Like I said, when I say we end the PSIP docket in February of 2017, it means that we move on to another situation or station, so to speak, and figure out, okay, further how we're going to go. It strikes me that in the past, before your time on the commission, in fact, maybe years before your time on the commission, the commission was not active like this. This is activity. This is action points. What you're saying is we got a goal here. We want you to, you do it. We want you to tell us how you're going to do it, and then we're going to comment on that. We're going to approve it, disapprove it, we're going to modify it. Do you ever call them in the room privately, not say privately, but out of a formal hearing, right? I know you have the power to do that and say, look, let's talk. Is that possible? Well, that's why we have in these dockets what's called technical conferences. We bring everyone into the room so that everyone hears what everyone else is saying. I don't think, let me add this, I don't think with so many parties involved, the word consensus is an operative word because when you have, you got three people in a room, you're going to have three different opinions. You add 20 and obviously you're going to have very divergent views. And so ultimately it's going to rest upon the PUC to look at all that has come in and to make decisions of what should be done and where we should be going. Part of the, everyone refers to now what the PUC issued about two years ago, I believe it was, the white paper called Inclinations, which sets forth the PUC's vision of what Hawaii's energy world should look like was in response to plans which were filed by the utility company, which were not satisfactory to the PUC. And so the response was, hey, look, we don't agree with what you're doing. We don't agree with what you're saying. And so let us suggest to you where what might be a better path. Let us suggest to you things like what should a 21st century utility be? Should we be looking at top down, you produce the energy, you do transmission, you do distribution. Should we look at a utility of the future where you may be doing the generation and somebody else does transmission? Is it possible? We don't know. Who should own the utility? Should it be, and it'll come to us in a separate docket, of course. Is it in a separate docket now? No, because we just finished one called Nextera, because that process means for that to occur, you'd have to go to the, what Nextera did. You go to the shareholders, first you get the board approval, go to the shareholders, get agreement, okay, we want to merge and get acquired. And so we're going to file a docket. Anyone who now wants to acquire or control Hawaiian Electric would have to go through the same process. Yeah. So, and this might happen. There might be somebody else out there in the wings, although I expect Wall Street is a little bit skittish after this one. But in the meantime, Heco keeps going forward with what you're saying, and so you don't stop that process. I mean, is this, can we, I don't know how far you can go in your comments, but is this something that we should expect that there will be a change, you know, a dramatic ownership change or model change in the utility going forward? I can't, on the ownership, I can't, I can't comment on that because we don't know. I just, I do want to comment on what you're coming to Wall Street.  That's hyperbole on my part, but that's how I took it. Well, when the decision was issued, the Heco stocks did not collapse. Heco did not come to a screeching halt. In fact, the stocks are maintaining their level that they were prior to the offer being made. In fact, it's even better, I think, on a day-to-day basis. So is Heco an attractive company? I would, I leave it up to those who might want to acquire it. What we did do in our over 400-page decision in the next era case, we set out a 17-page document called guidance, which was a guidance, and we said any future suitor for Hawaiian Electric, these are the areas of concern for the PUC. These are the areas we want you to address. And if you don't address them successfully, then we are going to have a hard time approving any kind of merger acquisition. Fair enough. What I, what I hear you saying is you're having a conversation with them. You're telling them your view of the 21st century utility? In the PSIP. Yeah, and another document. It's a conversation in writing, but it's a conversation. Yeah, and it's where should we be going? And the inclination is strongly hinted at certain things. One, we want to meet the renewable energy goals. That is the policy of the legislature. I was in the legislature. I am not an expert in the utility field. I am, however, comfortable to say here today that I have some knowledge about making policy and executing on policy and what it takes to get from here to there. And so we're going to push that. And so in the dockets itself, we're having this kind of diversity of renewables, not just PVs on roof. It's an important aspect. The public has to understand that there are other types of renewables that we have to engage in. I heard yesterday, well, I didn't hear yesterday, but I hear and I agree with some of the concerns about looking going forward. We've hit the low hanging fruit. It's going to be more difficult. That is true. But what I would want people to say, I think also in a more optimistic view, is we should not be judging where we're going to be in 45 years viewed from the technology of today. If you looked at what we have today, let's say 100 years ago, we would probably be saying we can't, we will not have a car going, we will not have hydrogen cars because all we got is the Model T. And we're not going to go beyond the Model T. I am sure with the money that's being plowed into the energy field now, with the brain power we have out there, not just in America. I mean, we have other countries that are engaged in developing renewable renewable energy industry that somebody out there who's probably in high school is going to, I'm confident will develop something that will improve batteries. We'll find a new source of collecting energy and distributing energy. And so when you're looking out 30 years from now, which is 2045, I feel very confident that we're going to get there. We went from zero to the moon in eight years with John Kennedy with a space program, with a space capsule that I understand had probably less electronic and computer power in it than a toaster of it today. You know, so much can happen. Yeah. And that's the thing. You know, it's the old story. We can't anticipate the fabulous things that are going to happen in technology. But that doesn't mean we would sit around in our hands waiting for that to happen because you can never, you can never achieve anything that way. You're always waiting because it's always moving. That's right. So how do you deal with that? Well, one thing is, I said it when I first came onto the POC. The hardest thing is to say, this is the only way you're going to go. This is the only technology you would use because you might be wrong in five years. So it's how and somebody used this analogy, it's like a platform. What we create is a platform for people to put their stuff on. And we see what can we use encouraging a new new ideas and not not dissing it or dismissing it. The Marai, the Toyota Marai, the hydrogen car, is it in fact a viable option to the electric car? And then if it is, how do you produce hydrogen cheaply? Can we look at geothermal in the big island? Can this state produce hydrogen in a quantity and at a cost using geothermal that is viable? I don't know the answer to that. But you're looking at it. Well, I think we all should look at it. And if things come to us, we are kind of like a reactive agency, Jay and Sharon, because we wait for dockets to come. You have to. I mean, can you wake up one morning? Can you collectively, the commissioners, wake up one morning and say, you know, we're missing something. We're going to open a docket ourselves. We're going to require people to come to us and answer questions about this. And we're going to take action on our own initiative. We can. We can open an investigative docket. And I mean, we did that when, for example, when HECO shut down the contract with Sun Edison. We wanted to know why you were so quick in shutting it down and taking away from the people on this island, 112 megawatts of solar energy, after we had gone through years of review. And now we're left with only one solar, utility-scale solar project in Wynine. We had four. We started with eight, maybe more than that. And it was culled down to eight and then four. And so we did open that up. And that's what it was telling people, look, we are going to be active. We are going to be aggressive. What we cannot do, like I said, though, is commit to a certain kind of technology which may come to us in a docket. And then we'd have to make decisions on it. Is it cost-effective? Where is it located? And stuff like that. Who's going to run it? State of mind. It's a philosophy, I think you're talking about. And I certainly agree about the platform. In fact, that's what ThinkTech is. It's a platform. And the thing about our platform that may differ from your platform is that every 15 minutes we take a break. Okay. Just commercial break. Hi, I'm Ethan Allen, host of Lakeable Science on ThinkTech Hawaii. I hope you'll join me each Friday afternoon as we explore the amazing world of science. We bring on interesting guests, scientists from all walks of life, from all walks of science, to talk about the work they do, why they do it, and moreover why it's interesting to you. What science really means to your life, its impacts on you, how it's shaping the world around you, and why you should care about it. I do hope to join me every Friday at 2 p.m. for Lakeable Science. Aloha, I'm Kirsten Baumgart, Turner, host of Sustainable Hawaii. Thanks for watching ThinkTech this summer. We have a lot of terrific shows of great importance. And I hope you'll watch my show too every Tuesday at noon as we address sustainability issues for Hawaii. They're really pertinent as the World Conservation Congress approaches in September, and the World Youth Congress that's focusing on sustainability next year as well. Have a great summer and tune in at noon every Tuesday. Thanks so much, Kay. We're back with Randy Iwasi, the chair of the PUC. A man who's had a tremendous amount of experience with the Hawaii state government. A man who knows how to make decisions, I would say. That's a compliment, yeah. Oh, thank you. We need that. This is what happens. So one thing people ask about the PUC, why does it take so long to actually make the decision? Why did it take so long on next era? Why did it take so long on these other things too? I mean, this goes back 100 years. But is there anything we can do to speed the process? Well, you know, we're trying. And the more direct answer to your question is it depends on the case. Some cases are very complex. We also do, for example, motor carriers, applications for certification. We try to get those out quickly. So what we can do quickly, we're doing. The other thing was the staffing. When I came on board, like I said, in 2015, we had 32 people and the four dockets. And we had not heard of next era then, but we would have really had a trouble swimming if we had only 32 people and next era before us. With respect to next era, that was a very complex case. I think it fell within a range of other cases on the main. Some did it quicker than us. Others did it about the length of time we did. We wanted to make sure that because of the magnitude of the case and the interest in the public, we wanted to make sure that at the very least, the public would have a feeling that they could make a statement to us. So we did a listening session. We went to all eight islands. I wanted to make sure we did that. And we did do that. And then the hearing itself, we had no control over the timing because the lawyers, we did not want to disrupt or get accused of denying them the opportunity and your lawyer to examine or cross-examine a witness. And it took 22 days. Much longer than we thought it would. We tried to structure the process where we could go through rounds of questionings quicker and we did. I think if we had not devised that process, which was really Tom Gorak's idea, we probably would have extended the number of days to 22. Then we had, and Henry Curtis, you know, Henry does his blogs and he actually, I don't know what he was doing, but he counted pages. He said it was like over 100,000 pages of documents. So I'm going to take him at his word because I'm not going to count the number of pages. Thank you, Henry. And so that was there. There was just reams of paper, reams of testimony that had to be read. We had a docket team, a very good docket team that took the time to review. And it came out to over 400 pages. 265 for the substantive decision, but we added other things, like the guidance. So it's a good thing you're a lawyer, no kidding, because as a chair you were able to do this in a legal fashion and, you know, keep control of the proceedings. It would have been easy to lose control if you didn't. It was good with all the interveners that came in that you were able to manage it. That was like some task, just to, you know, manage that. Yeah, like I said, we had a process where we had rounds of questions and it was a process that Tom Gorak developed and it worked. And I think what happened was the first round, everybody was charged up. It was like the first quarter of a football game and the first plays from the football, everybody's charged up and we're just going at it. And we went like three or four rounds. Towards the end of the process, people asked less questions. And so, yeah, really. And so, it moved, it moved faster. But it was a process that had we not, had Tom not come up with it and we not applied it, it would have been a longer hearing process. Because like I said, the one thing, there was something that was told a long time ago, I believe it was a attorney named Ben Matsubara, who was a hearings officer. And he said, when you do hearings, don't get reversed on procedure. If you're going to get reversed, get reversed on substance. So we wanted to make sure that procedurally, we gave the parties all the opportunity they needed or wanted, so that they could feel like all the questions that they asked were asked. And they have confidence in the system. Yes, really important. But trust in the process and, you know, how it comes about. On Tom Gorak, how do you feel about his appointment? I feel very good about it.  Tom, I did not know Tom Gorak when I came to the commission. I was, had been retired for eight years. But you know, I've seen people working for government. I know good people. I know people who are committed, who work hard, filled with integrity and care about the agency and its reputation. He's all of that. He brings with him a wealth of experience from both the private sector, because he was, he had represented private utility companies. He was a consumer advocate and was on the, was here actually to retire until my predecessor, Mina, called him out, called him back to the commission. And he's been invaluable from a legal standpoint. And the other thing is, having been where he was, there is a difference between knowing utility industry, the field, and knowing how to regulate, how to be a regulator, how to be a decision maker, because that's a very different perspective you have to have. You're not there to second-guess the utility company. You're not there to say, if I were chair or president of Hawaiian Electric, I would do this. Your job is to say, this is the law. This is what we have to do. Have you done it and then make the call? You know, that's actually more important going forward. I mean, as we go forward, let's assume for a moment there's another opportunity, another suitor for Hawaiian Electric. And people express the view as, well, you know, we may not be able to control this company for some one reason or another, because, you know, they're from offshore, whatever it is. But if the Public Utility Commission takes control of the situation, and I feel that you have a special view of this, that the Public Utility Commission can regulate and can deal with, you know, any suitor. Isn't it true? You can apply the kind of regulatory philosophy and activism, if I can use that term, so as to control the situation no matter what. Am I right? Well, that's my view. That's why I say, first of all, we can control the process for a merger acquisition, as we did with Nextera. But that's why I started off today and yesterday by saying, the merger case was just, had the notoriety. Everybody was excited about the merger case. But to me, more important than who was what that company would be doing going forward. And those four dockets would set the parameters, set the pathway, not parameters, there's really none, none as we evolve. But the pathways, and to tell them that's what you will be doing. That's what, that's the thing with the guidance. We are telling them things like, you have to tell us that you're not going to impact the competitive bidding in Hawaii.  You have to tell us how you're going to meet the clean energy goals when you make your filings. Something which was not true in the Nextera filings. It was all maybe, no guarantees. We'll do it after the merger is completed. Tell us how you're going to meet the clean energy goals. You tell us all of these things so we can then look at you and make a determination whether or not you fit Hawaii. When I say that, I want to make this clear. It's not about being just local, that it's so easy to say, well, they got denied because they're from the mainland. That's not the case. The case was, can you provide us the information to tell, so that we feel comfortable that if you take over this company, you understand that this is a unique company, given where we are in the Pacific Ocean, that given our culture, there are unique expectations from the people of this company. And finally, yes, you have the money. What are you going to do with it to meet those things? When we talk about competition, for example, small place, one big guy can take it all over. And we didn't want that. We want to make sure that there'll be competition for solar panels, for PVs, for wind energy, for geothermal. You're not going to rule it all. That we, in this state, in our inclinations, do not want a top-down, one monopoly controlling everything. That we've made clear. And those things were not meant in this case, for us at least. You know, one thing that occurs to me is that you have two really very different utilities that you're regulating. One is Hawaiian Electric as a, you know, the classical model, and the other is KIC. Is there a difference in the way you approached that?  Not, in terms of the law, no. The same law applies to both. And KIC has certain advantages that HECO, and I will use that for all three of the companies, does not have. KIC is small. It's got like, what, 80,000, 60,000 people on the island. When you did the NEM program, you didn't see this massive wave of people charging out of the house. They put something on my roof, unlike Maui. And so, and they're a cooperative, which means that they're all in. When they make a decision, it's not a board of directors and shareholders. It's everybody on that island is going to be affected by that decision. And so what I found for them, because they're smaller, and it doesn't mean it can't be transferred over or make analogies to what HECO can do. They're quicker. Dave Bissell and his crew appear to be much more innovative, much more willing to try. They have now a solar project with batteries, which I hope will happen here, because batteries is part of the future for us. HECO is bigger. And I'm going to look at just Oahu, because Maui and, even the Maui and the bigot are a bit different because of the population side. We have a whole lot of people here. We had a whole lot of people that put PVs on, Maui did too. And so you have issues that affecting the grid that we have to deal with. But we hope that without any feeling on their part of being pressured that maybe they look at their smaller company on Kauai and maybe take some advice on what they're doing, look at what they're doing. When you talk about how we deal with them, if, I said this yesterday too, if there is a good project, they've submitted things to us that are all in order. The information is there, the analysis is there for us to make a determination. We want to try and get those decisions out. And we've done a couple of with Kauai utilities. Some are still sitting, because they want to be different from the big utility. And we're trying to say no, you've got to still follow the same law. But we're not going to treat them differently, but we try to encourage the innovation and the willingness to try that Dave Bissell and his crew seem to be pursuing. So on the personal side, your term expires in 2020. It gives you four good years. I said that right. Yeah, 2020. There's four good years to change the world. You're going to want another one? This is a capstone, isn't it? This is a great opportunity. I tell you this when I saw you in the legislature after you'd been appointed. This is a great capstone for your career after all that you've done. But will you go further? Would you want another term? You know, I don't think so. I'll be older than Sharon in 2020. I'll be 73 years old. And what's the judge retirement age? 70? 70. Hey, if it's good enough for a judge to leave at 70, it's good enough for me. And I came back for a purpose. And my hope is that whenever I leave, that I can look back and say we did something positive to move this thing along, because that's why I came back. When we're our age, I think we have a responsibility to look at the future and the kids and leave a better place. And when I left politics in 2000s, well, I didn't, I left politics. Yeah, I didn't leave. I left it in 2000. And then I was doing the labor appeals board. But in 2000, I don't know if I could say that about what, you know, I can look back on my career, 10 years in the Senate, two years in the council, all this stuff. I, other than looking at Central All Regional Park and the Aloha Tower Project, which I can show my grandkids, that's, that's not something you can really say, all right, I made my mark. This is different. Yeah, this is different. Yes. So how do you want to, how do you want to leave the PUC? I mean, how do you see it evolving between now, 2016 and 2020? What is your vision for the PUC? Its influence, its, its place, its role in the Clean Energy Initiative. Well, again, we are the regulatory body. And when I came on board, you, that's why you don't see as much of the legislature. I know, I believe my predecessor went and testified on policy issues. I believe the administration should speak with one voice. And that's the governor through his energy office. And so we backed off the policy. We've dealt with anything you affect us, procedurally we'll talk about it. But from the regulatory standpoint is to build that staff. I want, we've increased the salaries. I go back to staffing because it's all important. Build, we've increased the salary. Hopefully there'll be some means for them to, to get promoted so that in, they'll stay for 10 years or they stay for 20 years because you need that experience like Tom brought to the commission and still brings to the commission. And to be as aggressive in, in the pursuit of the policy that the commission was when it issued the inclination paper. And then now it's the implementation, for implementation portion. We're pushing, we're getting the stakeholders involved. We want, we want this implemented. So that by 2045, I think it's 2045, 2045, 100% will be reached.  Just keep it on. That's an interesting reference. So you mentioned staff and you mentioned space. I mean, do you need more, do you need more resources? Do you need a legislature to provide you more? Do you need, you know, more legislative structure? Like for example, an energy authority, any, any notion about that? How do you see the, you know, the governmental infrastructure question in the next four years? Well, from a, the legislature recognized, I think the year before I came on board, the needs of the PUC. So they passed allowing restructuring, allowing the hiring more quickly. And Governor Iggy, when he came in, he just signed right off, giving me the authority to go hire. And so like I said, we went from 32 to 55 in a year and a half. Yeah, we need more space. We'll be, there is a renovation project going on. We have separated the agency. So now our research policy group is, is next to the district court. We'll all come back together about 2018. So that's the first thing. Second, I know there was always, there was this discussion about a PUC that is separate with one looking at energy and one looking at everything else. I haven't made my mind up on that. I remember talking to Governor Abercrombie when he was Governor and I believe Governor Iggy saying, I don't know if we need to do that right now. And, and so I'd have to look at it because you create two new bureaucracies. And we don't, we don't want to do that if it's not necessary. Right now, we're handling what we've got to handle and who knows what's going to happen in five years or four years. Maybe they'll change. But again, the operative word in politics, as it is for the utility field, is evolution. We've got to keep our eyes open, our ears open and see what we've got to do to get where we've got to go to. We agree, absolutely. And we, we think that this is a moving target at all times. Things happen, things change, things, you expect it, you want it almost because you want to stay current and we want to stay current with you. We'd like you to come back and talk to us from time to time. I hope that's okay. Sure. This has been very good. And, and you know, translating what you're doing there, because you see all the legal, the orders that come out, the public doesn't really understand that. So how you've explained it today is terrific. So please, come here. Well, you know what, I tell my, it's because of me. I mean, I see all this gobbledygook called acronyms from the utility field. You know, I was getting lost and so I had to, but I tell my, my office overlooks the bus stop on Punchbowl. And when my staff comes in and tells me, you know, I tell them, stop. You see that guy at the bus stop? You see that woman at the bus stop? Talk to me like you talk, you talk to them so that they would understand. If they understand, I'll understand. Absolutely. And that's, that's what I hope we're going to do. And, and, and finally, as we, I know you guys don't have much time, but there has to be a, an outreach to the community to get them involved because we don't have the buy-in yet. I think that we can with renters, people in condominiums who cannot participate in PVs. And so we're going to push the community-based renewable energy program. We're going to push the time we use program because I think people want to participate in energy sustainability. They understand about climate change, even if a certain members of a certain political party do not, but they do. And they see it, they see it. And we're going to, we're going to try to reach out. Sharon, you got to close. You on turn. Okay. I'm really pleased that you came to join us, Chair Iwase, and telling us all that you're doing because it really is important. As you say, bringing the community forward and, and understanding what you do is so important. And we hope we can be part of that and helping you get the word out and getting more people to understand the gobbledygook to make sure that, that it, that you are working for our best interests and interests of the public. Thank you. Thank you. Thank you. Thank you. My pleasure.


Alright, cool. So let's see if let's see if that was available. Come on here in a minute and then we will answer your guys questions We will talk about stuff. I know bow took an L today I think at least earlier in the day and he wanted to talk about it Specifically, so we will definitely talk about that. That was always got such wonderful lessons for you guys to learn I swear to God the guy the guy's a monster at teaching Oh Red box, what do you think of it a red box bro?  That's This is guys, this is my point about speculative companies many gotta be good. This is not Facebook. This is not paypal This is this is God dang people wonder why they take L's on quote-unquote big caps. Are you kidding me? Alex. All right, Alex is around nice Alex one sec, buddy Let's read. Let's read on red box. I Just almost I did a robot. I was looking for Alex. I typed in red box. Oh Yeah, you hear me. What's up brother? How you doing?   You hear me? I got I got logged out. Yeah, I can hear you buddy. All right.  Yeah, no problem about just actually he's coming in in one minute He's uh, he's getting a drink, but he said it's not liquor. I don't know if I believe him on God, that's so funny. I'll put down the Hennessy Yeah, so let's talk about it, man Not every day we win as day traders guys. So some days it is very good to look within and see why that's the point Aren't we Tastes like aren't we all Kev? What's up, buddy? Hopefully you guys try to get today or you've been training good lately It has been a little bit slower and red box or red box in small caps. That's okay. It's okay. You gotta be patient I've been cheating on vodka with tequila for a while Travers if you're cheating on your Tino's vodka, it better be reposado For a guy that doesn't drink anymore. Okay. All right. Let's talk about it. Let us talk. Okay, so all right This is the biggest loss of the year for me, man. Uh, it's pretty horrible. Pretty terrible.  It's not the algo's fault It's not the hedge fund's fault. It's not the institution's fault. It's pretty much all my fault, man and basically my thought process was this so coming into the trade this was a stock that was pumped, you know for last week it went to 11 dollars and basically what happened was I thought to myself All right, the pr today was that they were getting it's pretty much like they're getting out of bankruptcy Yeah And some company's gonna save them out of bankruptcy and the company's gonna say I'm out of bankruptcy by offering them A low price per share type of thing close Less than a dollar share is what they're offering these people, right? And in my mind when this thing bounced to four dollars, I was like, oh my god This is a pretty much an amazing case scenario where um Where if it's at four dollars and it's going to go to one dollar I mean, it's pretty much an all-in type of thing and for me personally man for me personally I oversized I Got too biased and I pretty much stopped out at the top And I lost a bunch of money man.  I'm sorry man. Dude.  I'm sorry, dude I didn't even know you took a big L today. Damn.  It's it's all my fault because I got too biased. I oversized I thought that this move was gonna happen the move that's happening right now I thought it was gonna happen in the morning, but instead it kind of Reversed and it was very odd because right in the morning.   This is pretty much my biggest loss of the year.  That was your yeah, seriously. I mean basically the plan Was working to a tee until everything really changed man. So I mean Yeah, I just wanted to kind of come on here and just explain what was happening So if you want to bring bow on here too, I know he could kind of explain too, but yeah, man I think I think bow is here actually Are you coming in? Yeah.  This is the plan If I was a short of four bucks and cover it here, bro Yeah, I mean this was this was this was what I was expecting short of four bucks and cover down here instead It went parabolic all the way up to green. I was explaining this in the main room today is Bro, there's I've traded probably 10,000 stocks over the years and over the 10,000 stocks I've traded I've probably seen two stocks that go from minus 60 on the day to green And now it's back down to minus 50. So this is something to launch bad. Seriously This is something that like The probability of it happening is just as good as me winning the lottery. Right. It's not probable, but it could happen Hey, Alex, I think I see I seen this a lot of times more than you've seen it.  This is not a normal thing. This is this is a true manipulative rig stock I don't use that word often guy You never hear we call a stock manipulate because every stock's manipulated, but this one's a true rig stock You can tell okay.  It's not like anything new. Um, and so There's something going on.   I'm like, okay, cool I've probably got some cheaper shirt and then the moment I started getting squeezed and it and it kind of The squeeze kind of stopped around $4 I saw a massive amount of shares available to be located for seven cents And I'm like fuck.   You want a short right?  I'm like and it went down to 250.  Please go back to four bucks I would go all in right and that's but the thing is couldn't go on because we had no shares And so remember what we always said In order for a stock to squeeze you need a ton of shorts and that's exactly what happened And so I always talked about this.      It sucks annoying, but well, and alex Let me ask you bro on the micro. Yes, you did lose today, but bro What are you still up 1.3 million on the year? Yeah, something like that, bro. It doesn't the money is not the issue, bro It's the process. I don't use the pushing game guys. I deviated man I deviated and because I deviated I lost so the way to fix that is to fix variation Definitely.  This was it do that for it all like because look I even drew this circle before you even post your Bro, this is where you this is where you shorten you waiting nine times out of ten. This is it Because the pre-market bounce was four dollars.      So that's what it is Alex Me and you so like for me.  I'm gonna fucking, you know, I can't go wrong Um, and then Alex is like waiting for the big score He's been just making 500,000 that you see being very very Intuned with the process and I think it's just you're itching to get into a big trade, bro Yeah, I mean that's it that's that's all it is and it sucks to see where it came down to now But there's nothing we could do except keep training and waiting So you saw my chart guys.         You're gone. It doesn't matter how much money you make a year your career is over This goes to a 50 60 dollars on a short squeeze like we've seen two times a year for the last 10 years No, the proper the proper way to trade is you always have to have a a hard stop in place, right? I use mental stops in the morning.  Right.    You guys gotta be careful when you don't think it's about losing days guys They are inevitable They're gonna happen always what I learned from losing days is if you walk away with a lesson from the losing day and apply that lesson You are better off than 90 percent of traders If you just chalk up the losing day and don't do anything about it You are bound to keep repeating the same cycle. So my lesson today was about being too biased my lesson today was about over sizing and by Understanding that and using that to improve I am not so as upset as I was before because now I'm going to create a new process around this and ideally never deal with it again Well, and like Alex, let me let me say something because I was actually talking to someone about this Yesterday is look the the one real bright side of any of this and what we're talking about today guys is like Look, you you go in big caps and the markets crumbling and everybody's worried about a recession and bearable That doesn't mean opportunity. He's not still here guys. Whether you made money on rdbx day or you lost money There's still opportunity in small caps line in line with process So just because the world's ending tomorrow does not mean you can't still make money or make this a career or Scythe and a paycheck every day out of the markets. There's still a ton of freaking opportunity Yeah, man, this is one loss Yeah, that's what I'm saying.     I'm like, dude, they're still often They're still line line, bro. What are you doing?  I think I'm just the thing is this guy's I woke up late to man and do research.   It's like, please get back to 350 And that's when you saw me you go back to my chart started scaling at 350. So thank you guys.  So this is the stupidity of me.   So I'm like, I'm just gonna locate a little bit And if I'm right, I would add to a winner. So that was my original plan until all these seven cent locates dropped And like I must locate ton of them now. They might be gone Because it's red show man.       So that's number one. I don't think you're better than the system I don't think you're better than Nancy Pelosi guys.  And then and then you see the new locates getting flooded.  He goes.     This is just one tradeout made for us.  Not many people talk about their 70k loss man.   Pull that out. Yeah, seriously, man.       I'll show you the other one later on bwv and this is my my Hold on guys.  Yeah, that's not bad at all man. Seriously amazing.   Yeah, that's that's not bad bow That's really not So the one thing I'm telling you the one thing that saved me is the low cake cost But the glow cakes were cheaper But doesn't matter if the locates are cheaper Because I would have sized up quicker and got max. They lost triggered sooner Yeah, so that the whole thing is you know people talk about how to take a how to take a proper loss people always say, oh Get stopped out when you when you just trade is no longer valid.     There was no locates. And so I just slammed everything, right? But if I had just slowly scaled like I usually do and I don't hit the max day lost I've been banking right now.  Didn't take a loss and you get bailed out eight times out of 10 and then do the two the 20 percent of time that you did You're you're closing out of position at 16 and you lost freaking half a million like dude. It's like it's all Guys, the thing that I I'm also need to be aware of so remember you learn everything, right?  If I stop out if I stop out.  There's no more shares So me me being cheap On 12 cents locate cost me the max daily loss Well, and it's funny with you bow specifically because I I do have a feeling though that you would have nailed it If it wasn't reg show right here. I have like this is your bread and butter bro, right?  I don't know man I think you would have killed I would have taken another max daily loss of six dollars I would I would have scaled everything in at five dollars guys Oh, right five to five 15 stop out of six. So well, let's just say hindsight. Who are you would have made it all back? If I still had money in my account to make it back So I'm telling you guys man.   That's the thing.   Yeah Yep, that's exactly right, man And the thing the thing is this guy, uh, I triggered the max day loss.  So the thing is also guys, there's multiple max day loss when I deal with that set up to Max day loss per ticker not they count So that's why I had to I this is a rare thing.  Holy Everybody on twitter calling like manipulated agenda. They can see my account.       I'm looking at that.     So I'm like, oh, I do that too. We're just giving analogies. Oh, man.  Some days the market screws you man If you can't find here, I'm looking at bwv.  Look at this.  Your future self comes back down. This is gonna be your trade tomorrow. Yeah, right Oh, yeah, man.  So I traded well the other tickers to make back Most of my losses. I'm under 4,000 knock on wood guys. So I mean It could be worse, right? Man, that's a that's a win. That's a win. This is this is up to me.   Good day for me To max losses and then you know, oh man And this is the thing about those pivot points guys is like look if bow didn't give it a phone And I just waited for that outer pivot line.     Yeah Three middle fingers, bro. I've never seen a three middle finger having to put toes up and stuff. Yeah, it's like this is like What was it?    This is a different move in the bedroom, too Instead of like the three middle finger I don't I think you too is not gonna let us post this video.  Yeah, I wish I could do this for relationships marriages Oh, man Really will have conquered life. I know man.   I said you should be counting your lucky strikes and stars He's like boy, you're right, man. I said you didn't learn the first two times I'm telling you man. We learned it but it gets cheaper with a it gets cheaper with each divorce He hasn't only like a yeah, you've lost his money.   Oh my god. Let's see.  How could you not want to sign up for him? I see Alex is taking notes. He's he's about to get his first marriage. He's all fucked I haven't watched the videos on that one yet Dude, my best friend's married it what he's my age, so he's 32 and we've been friends for 17 years He's been married for like 10 years. He's like, dude, don't ever get married I'll show you a good trade though I'll show you a good trade That's compound graph Here this is uh, I was doing well today.   It's always weird, right?  This is above my pay grade I swear I'm like, dude, this is just weird.  That's god and this is just your stereotypical man Just perfect resistance scale point two. They just played like to a tee That's the thing guys.  So, you notice what I did on cssc.  I'm all over it Yeah, seriously, once this breaks down the first time then it's just back up to resistance again. Jeez Let me look at rdbx red box again. Let me show you something interesting guys I remember all these hindsight shit, obviously Yeah, but it's still process that we can look at and talk about I so this is from flash sdc. I don't know how accurate this is. Yeah, bong the red box the movies.  Yeah, that makes sense. I really don't know Oh, this is a totally controlled weird movie and we rarely ever blame on control and like manipulation But this this was one of those ones I mean, we ever is it too shizono 129% and that's not weird actually It's just you know, it's something weird, man. So I'm looking at I'm like when I lose like this I'm looking back to see if I can find Any signals for the next time guys, bro 60% of the time it works every time This is like that logic So I'm going to yahoo now. Let me see invest See look at this guys. Okay. This is yahoo right here.  Yes, here is So, I mean look at the shares float 10 million, right?  This is a million dollar lesson for you guys right here guys This is that when you lose man, you see how I'm looking at all this we find that correlation for next time Man bow basically rented a four thousand dollar movie.  This was literally like at 1 a.m. Or midnight He was drunk.     I think that's the new thing Like dude anybody has someone someone that's renting a dvd dude. I mean, I don't know Oh my god, that's a red box.  Sorry guys. We just wanted to kind of rant on this for a little bit. Um Me and my ex just get a red box. I want to join it. Oh, I know I I want to join the mc How long would it take me to make 200 dollars every single day from meme man on youtube? That depends on you there's no guarantees in trading guys Let me show you something interesting before I answer that guys. Let me show you this This is very good. I want to bow is really good at talking about this specifically I want to talk about this so um Take a look at this This is uh, this is what you guys on uh on um youtube. That's not m.  He's so they're selling courses like this.  Probably in m. I see whoever it is Here we go, so this is a real guy on twitter.     It depends on your skill. Who knows, you know, some people learn it very quickly.   I don't want to become a day trader at all How long does it take you to make consistently lose that much money, right?  This just to me very easy For me anyways, but you know two hundred dollars is just a couple of scalps guys One thousand shares ten cents is a hundred dollars I could do that in my sleep Okay The problem is this when you make a hundred dollars two hundred dollars You want to make five hundred then you want to make a thousand and get greedy So if you are realistic with your goals and you're a hard worker Two hundred dollars in my opinion is very very doable And how long it's up to you.    It's much quicker Yeah, some people will never become a welder because it's too hot They don't have the the muscle to do it or whatever the hell it may be right the i-coordination doesn't matter So when you know, but but the average I'm telling you there's really no average because I'm going to tell you something It's like everybody's different Dude, it's it's like saying it's like saying did everybody get COVID? It's like no, dude, everybody's got different immune systems. Everybody's got different age Like I always say it like this bow is we've already proven MIC works to the general public.  What's your work ethic? What's your discipline?  Are you comfortable putting money on the line? Like did your parents raise you to think abundantly or scarce mindset? Do you overthink everything in life or are you an emotional like you're gonna weigh all this out as you go But dude MIC process already proved it works now. It's up to you. What's your work ethic? How much how much time you want to put in to learn this?  But once you learn it it's easy. It's simple. It's never easy because you got to put in the work, but it's simple But it's like dude I mean, oh For anybody that gives an absolute like here's exactly how to make 200 dollars a day That's like saying the entire world is republicans or the entire world is democrats like everybody's different, bro You know my thing is get get into it try it out yourself guys Exactly, you never know you may become the best day trader of all time You won't know yeah, you could be the next alex for all we know, but you're not going to know until you try Chances might be a little slim to be the next alex.  Do not quit your job. Keep your job Having a job will help speed up your learning because you want to stress out. You're not stressed to pay bills Guys, we're the only people out there the only committee on earth saying no matter how much money you make in trading Keep your freaking job. Why not have two multiple streams of income when all you need technically to make a full-time living in trading Or even just supplemental is the first hour When you trade from 9 30 eastern to 10 30 and you have an edge in shorting or longing because that's when all the retail buyers There and giving you the biggest edge you have to understand That's all you need to be a day trader You don't need to sit in front of the computer and obsess and pull out your hair all day and look at every Freaking decimal tick on the freaking level two, but you don't need all that So why not go live a life outside of screens?  Yeah, seriously Back when people were wearing masks though But um speaking of jobs is mic hiring in this market about what was that um, do you want to talk about the Yeah, let me send this we are not hiring Uh, let me see we're not personally but someone who we affiliate with is One of our partners which which the brokers and let me show you the link guys Yeah And if you're from orda as a big as a big opportunity for me, they're they're located in miami So I'm gonna post the link right now uh I welcome everybody to just apply yep guys. This is for success trader. Yeah, it's uh, success rate.com slash career And sending your resume. I'm pretty sure these public double room have positions for you Even if we you can help We don't really don't do that I think bow's hiring a personal assistant today. I think that's I think but that's more personal That needs a personal assistant like the red box girl 1am Didn't you say oh, dude, I never forgot this I'm still cracking up about this five years later But didn't you say that like five years ago before mic was created He made all this money in trading and you just like basically drank for a living all day You like hired a like a 20-year-old kid to just drive you around a bar Dude, I literally for two years what I did was I hired one of my best friends His job was to solely keep me alive Oh I went through a bad breakup then I Dude, this is when I was making way too much money, bro And then I stopped working.  The problem was then later on I needed a drinking buddy. He started drinking with me And so I had a fire Not joking My my guy I supposed to protect I got drunk. He started getting drunk with me and that's God dude I still remember that after five years. I'm like that like whatever. I think he was like you said he was younger I like 27 year old kid was just paid good money. Just 22 year old kid.   Yeah, where where's the end?  I will never reach it. I know they're looking at the billionaires thinking man We suck, you know, like there's levels to this guys. It's it's never ending, right?  Oh my god. I thought it was more on a comedy basis. You made it funny, but oh my Yeah, okay now this webinar went dark. Let's go back to As a new member, do you advise to paper trade the daily watch list until we get confident trading real money? Do we have to pick our stocks or pick ones from alex and the moderators? Uh, okay, so this is a good thing. I want to I want to mention something about paper trade There's two ways of paper trade. I always paper trade every single day I do it in my head Okay, you go right on piece of paper wherever right and that's just a to learn but To get but paper trading Doesn't really work because it doesn't mimic emotions Uh, you have to have skin in the game. And so this is where success trader comes in success trader With the mic route you get rebated back So instead of using a fake simulator You can now actually use a small share like 100 shares 50 shares five shares 10 shares Whatever you want and it basically is paper trading But it's real money is live executions And you don't have to pay the the the commissions because the it offsets right you pay So you add to liquidity using the route and so basically commissions offset it by the the rebate So now you can pay this is this is a revolutionary guys You you join success trader, but you have to be over pdt 30,000 or more, right?  I'm down $5. I'm down 10 bucks That's you know, if you can't afford to lose my 10 bucks and maybe you shouldn't trade, right? Yeah So but it kind of mimics i'm telling you right now Fills are not instantaneous It mimics the real market because you're trading the real market And so then you can level up from those 50 shares to 100 shares tuna shares as you become more comfortable So that would be my recommendation Because if you are stuck paper trading for too long, you will never make it because you you There's no emotion There and then you think the the fields are instantaneous. They're not yeah They're they're actually terrible once you start using market orders in real money versus fake You know he's pattern day trader is a usa rule if you're under 25,000 only day trades three times a week Yeah, every five business. So if you are if you are under pdt under 25,000 My advice is to take your money less 10,000. Let's say you have 5,000 or 10,000 Open up two accounts. That way you have six trades Well, and here's the thing guys in the beginning You should never try to trade something yourself because you don't even know what you're looking for So yeah, you should treat the watchlist like a freaking bible at least in the beginning Because alex is a multi seven figure your trader because he's so precise with what he's looking for So you should see So i'll tell you about the watchlist. Okay, the watchlist is by no end By no means like the end all be all bible Yeah, but the but what the watchlist does is that it's a guide. It's a it's a cheat sheet quick Way for you to learn and you learn a couple ways.   How do you know which ones are straight, right? Yeah, see if so alex pull and tom and a lot of people like tom tom's watches for damn good too.  That's how you cut the learning curve guys So we discover that by putting out the trading plan.  This is self-sufficiency, but with a guide Yeah, guys because because here's here's something that marksman just said on youtube Which I really really want to talk about for a second. He goes it's weird, man.  Here's why When you are so close to pdT You're going to trade scared because you're no longer focused on the money anymore You're focused on the basically the red to green of being above or below pdT And now it's a psychological price target. So bro, you either need to Break up that account and just fund, you know, three retail accounts where you can have three trades a week or You need to wait until you get 30 or 40k So you can be so above the 25k mark that you can trade correctly, bro All of this is mindset man, and we help with that. That's what you need to understand You can't just keep funding it a thousand or two thousand over I think you're gonna trade good the thing is this guy's okay. If you're close to pdT You're barely above that what you need to do is have a little cushion.   I can't lose one more trade.  If you're trading from a point of survival survival survival I gotta I gotta I gotta you know, it's like it's like coming to a poker table with the shortest stack Oh, that's such a good analogy about truly that. Yep.  But what do I do? I gotta call it like dude. It's yeah, you're just not thinking clearly man There's no like buffer. There's no there's no wiggle room in your mind. It's mental. It's mental clarity, man Uh, he said yeah, it's so weird because when I was funding it like 2k every week and I always do these dumb holding options play Or when it goes against it, I would just hold it to zero But when I had above PDT, I do the stop strategy like scaling out 20 20 shares That it's like we said man You have to trade from a point of being comfortable and it doesn't necessarily mean that if you only have 25,000 You can't trade until you have 30 what I did, you know Eight years ago is I I had 25 and I said, you know what? This is not working. I'm trading like a total wuss I broke it up and it basically 8,000 per account. I opened up three brokers. I started building the account actually all of the accounts with um What's called the I just didn't know what it was called at the time But I did the first bounce across three retail account of brokerages that I had nine trades every five business days I didn't give a fuck if I lost 2k on a trade because PDT wasn't even in my mind anymore That struggle But then once I got up to 40k, then I combined it into a PDT and then it was you know set from there because Now you have that leniency you have that buffer But dude trying to trade a PDT account where you're a sliver over like a slice of beef over it just doesn't work bro just doesn't work Like we only rants on the stuff that we know guys we've been through this like a million times so um After the futures trade i'm going back to basic stocks only small shares building consistency to risk management Just pick one thing and get good at it, man Don't spread yourself then across everything small caps options big caps you got to get good at something And you got to stick with something that you're comfortable with doing or you're just spreading yourself too slim, you know That's what I got to say about that, but uh Now what do you think? yep Respond all right. I mean yeah, there's not much to it Uh, so you send the market order before open you put limit order with a hard stop Do you change your trade in flight or um, okay, so Where's this question you to rat radicant the most recent question? Oh, oh, sorry. So you send the order before you put order Do you change your trade in flight either? So it looks like you just joined my friend. Yeah, brand. Yeah, you have you seen the accelerate Have you have you started watching the videos? So let's uh, let's post what steven's always posting the onboarding So when you just join what what do you get, uh, alexie? Can you post that thing that that steven sense like the order what to do watch the accelerate? Yeah, the onboarding program. Let me find the link and I can also go to the website bring that up guys I can also post this guys. Um, this is important guys Do not skip steps. Remember man.  You're just asking for it. Um So make sure you uh think of this as a Uh, steven also post that somewhere. So it's gonna be similar fun, but the Okay, good.  So you put I so my fantasy orders I put in Before it gets there because that's my kind of like the fancy prices.  You know what I'm saying? Yeah, and it depends on how far the stock goes down if the stock Does not reach my price I'm not gonna change it. It's gonna be there But if the stock tanks below where it started, I will then move down my price So just because it did not hit my price doesn't mean I will change my price I will change my price only if the levels the lines drop Yeah, you got to be very careful about just changing your plan because you feel like just changing your plan That that's kind of what bow is saying right there.  Oh my god Wow, tesla is nearing the 600s today. Jesus This market is brutal You own tesla No, no, I just have a little bit of tesla, but I didn't man. I didn't I didn't think that that would tank that much Dude, my son my my son was a stock genius in our family. He bought one share and split tesla That's awesome. Dude.  It was over a thousand dollars each share It was actually two thousand.  He learned the best lesson that I'm still trying to learn at 32 man. No money. No honey So so that's the thing guys. So dude Everybody that was up on tesla.    I don't think it's time to buy anything right now I'm just saying like this shit's finally coming the helium's getting out of the balloon finally Finally on everything you guys be careful about like buying the dip right now heavily If you buy a little dip dollar cost average is very different.   Yeah, but definitely But uh, be careful guys. I don't like to give stock advice Yeah, not at all not at all Like guys when you're saying like it's time to buy tesla right now waits all it like it Who knows if tesla doesn't go to 300 You know what I mean like I'm just saying be careful about buying right now Shit's finally the air is finally coming out of the balloon finally You can see it everywhere in the economy and it's finally reflected in the stock market for the first time in two years So just be careful. This is the beginning guys I think it's the beginning of a bear market.  Here it is right here and your pull up the 10 year Oh god. Yeah, this is uh, what is this you guys are man?  I'm telling you Hold on now. I'll add one. I I am like dude.     Hey drop the little bit. Let me go in Oh, dude 10 year chart, bro. Yeah, this this is this is a 15 year man.  Oh my God, you guys this was the kovat drop. This was the kovat drop right here And guys remember this is the index for basically everything, you know tesla navidia three out of four stocks follow this right here This is the index of the stock market. So So there's a couple of spots I see from a technical point a little bit under 350 and then 250 Oh, yeah, I think we can get there bell. I swear to god I think we I think it was a big ass panic the flush is around to 250 I would yeah, I was gonna say I don't think under 300 is nearly out of the question with as much money as we printed in Market to fit just a member 250 was just plenty plenty two years ago Dude, dude, dude people people are talking about like freaking dogecoin right now dogecoin like guys like eight cents Guys a year ago. Yeah, it was a 75 cents, but again like Yikes Man, this is this is what we're talking about man A lot of money was pumped in and and it looks finally Like there's some weakness in that and it's starting to kind of come down Just be careful guys Long-term investor dollar cost averaging day to day day trader line of light Just be careful in all of it risk management is so important It's so freaking important. Remember guys, you don't need a bottom But you don't need to chase and guess the bottom just like you don't need to chase and guess the top when you short Oh tay You wait until the stock bounces when the market confirmed that Then you know, it's better to be a little late guys that to be great to her Look at tay with her ultimate flex. Look at her tesla average Tay is flexing hard right now Wait, is that is that pre-split or now because that's not till you up 100% Oh, yeah. Yeah. Tell you what what is that exactly? Did you wait like what was that my son? My son got pre-split Even even if it's just right here like that's phenomenal. My son got one share of pre-split Bro and he's like 10 years old he's outperforming all of us.  Of course, it's it's of course bow spawn is like the best trader of 10 years old Oh If i'm always going big yeah, yeah, be careful marksman about going big on the front side man Just wait for backside bro. We don't just keep funding You know a couple grand into a freaking account get wait until you get 30 35k and then wait for backside man You're gonna see extreme results bro, and that's free advice wait until you join m. I see and really see how to do this but Guys, do you have any kind of last minute questions? I know that the bell is about to ring in eight minutes But any last minute questions on what we talked about today?   Look at this. Yikes On which stock yeah, it's cse man. Yeah, dude. I'm still covering it. Yikes look at this sticker When a stock is broken man, I love it. You know, it's when it's broken.  That is your brand like unlike our dbs Our german stocks good. Um while we really have nothing to say specifically about german stocks our pattern recognition and psychology around being a trader simple jack is synonymous with all markets even crypto as well There's really a language within this Um as it relates to human psychology and price action.  Are you german? Yeah, are you german?  That's the last thing you should do Uh tj is asking a question about you changing your strategy.  I'm just trying to refine it I'm holding things longer now because the recession Uh stocks go up Not as much anymore and they go down a lot more than you think. Yeah, so I'm holding longer Uh, the same principles apply we teach strategy that work in all market conditions, man When you're when you're talking about intraday scalping You know, you for the guys are asking make 200 dollars a thousand dollars a day is this it's very doable very Very very very doable Scalping because think about the 1000 shares 10 cents is 100 bucks. Definitely Is spy and index fund them really good bro spies the sp500 it's the u.s economy. It's the biggest index We use it as a point of reference for bear market not to necessarily trade it Now are you gonna teach your son to trade? I feel like children would do so much better I'm teaching my son to marry rich hell.  No money. No, honey Yeah, you train this kid good There's a girl all the mistakes that we made or didn't do the lost opportunity. He's marrying rich Oh, man, that's so funny, dude. Just as easy to love a rich person as a porpoise. I completely agree. I'd rather cry in a Ferrari. You're pretty poor. I'd rather I'd rather cry in my sugar mama's Ferrari Oh Again, I got a video to put close to you guys What's that?  I think because I'm I'm like, dude I got saved on the max loss trigger. I think that's why I'm happy man. Yeah. Well, let's let's be honest Dude, so let me let me post this before Well, bro, you lose two max losses and come out with a 4k loss. That's a win for you, man I'm like under 3,000 lost. That's a win, buddy. That's a win. Oh here. I take a look at this. Okay. I'm gonna post this That's like a bottle service night. Come on Some of my best trades are the ones I win big but trades I realized I was wrong took the Not the ones some of the best trades are not the ones that won't be Oh, not not the ones I win big but but trades I realized I was wrong took the loss and avoided a monster loss Exactly, right Dude, I again, man. It's it's the dry's effect. You know, you you cut it and in case it becomes a dry's or an lmfa You're not you don't have a career ender right there. You you can fight the next day You can come back the next day and do process Just like alex will do just like he's always done after a decent size loss You know relative to him or relative to you and you come back you go to process and back to what works It's the oldest guy that you would date More more motivation for you guys to make money I'm still in the game, baby Hey, if you're that girl and watching the video DM me That's like I'm I'm within the channel DM me, baby.  All right guys, I think we're gonna wrap it up. That's pretty much the closes about to happen This is perfect any time, man. Oh, yeah, I got one more Oh, get your covers in man. It's too late. You milked it already. What more can you take from this?  You're missing out on everything else Opportunity cost opportunity cost is massive. It's a big it's it's a big deal Uh guys just as a last kind of uh reference if you like this webinar if you want to become a member any questions, um You know email you can DM or you can text directly Every now and then a text does not get delivered. It's something where with my business line. It happens. Please email simultaneous We'll get your questions answered. Uh, you can even book a call if you need to at the top right of the website I'll just show you guys one more time. It's actually right here. Um, book a call book a call Cyn is not a first red day Skyh is not a first red day. You need multiple days. This is like up one day guys Definitely one day is not a first red day Dude, this was but as a low hanging fruit though Cyn the locates were way too expensive so I couldn't Definitely All right guys, we'll see you in after hours next week, huh? Maybe battle post some more videos on golden Yeah, man Later guys Alex go get a steak man and massage and don't think about the loss buddy See you guys catch next week


In my last video, we started to explore what might explain the higher stroke risk in vegetarians found in the Epic Oxford study. A lower risk of heart disease and lower risk of cardiovascular disease overall, but higher risk of stroke. We looked into vitamin D levels as a potential mechanism, but that didn't seem to be the case. What about long-chain omega-3s? The fish fats like EPA and DHA found, not surprisingly, markedly lower levels in vegetarians and vegans. About 30% lower in vegetarians and more like half as low in vegans. But according to the most extensive systematic assessment of effects of omega-3 fats on cardiovascular health to date, there is no benefit for stroke. Combining 28 randomized controlled trials, and in fact, there was evidence that taking fish oil didn't help with heart disease or overall mortality either. This may be because on one hand, the omega-3s may be helping but the mercury in fish may be making things worse. That's the constant challenge among public health professionals balancing the benefits with the contaminant risks. For example, dietary exposure to PCBs may be associated with increased risk of stroke. In this study, for instance, neither fish nor intake of PCBs was related to stroke risk. However, at the same fish intake, dietary PCBs were associated with an increased risk of stroke, so the PCB pollutants may be masking the fish benefit. Thus, if we had a time machine and could go back before the industrial revolution and find that fish in an un-polluted state, it might protect against stroke. But looking at the data, if fish really was protected, then we might expect that the pescaterians, those who eat fish but no other meat, to be down here or something, since they would have the fish benefit without the meat risk, but no. And they're stuck out here, so it doesn't seem to be the omega-3s either. Let's take a closer look at what the vegetarians were actually eating. When it comes to plant-based diets for cardiovascular disease prevention, all plant foods are not created equal. There are basically two types of vegetarians, those that do it for their health and those who do it for ethical reasons, for global warming or animals, and they tend to eat different diets. So for example, health vegans tend to eat more fruit and less sweets. You don't tend to see those doing it for health, chowing down on vegan donuts. In the United States, the primary motivations for meat reduction are health and cost. Middle-class American families four times more likely to reduce meat for health reasons compared to environmental or animal welfare concerns. But in the UK, where the stroke study was done, the number one reason given for becoming a vegetarian or vegan is ethics. We know plant-based diets that emphasize higher intakes of plant foods and lower intakes of animal foods are associated with a lower risk of incident cardiovascular diseases, a lower risk of dying from all causes put together, but that's only for healthy plant foods. Eating lots of wonderbread soda and apple pie isn't going to be doing you many favors. For all types of plant-based diets, it's crucial that the choice of plant foods is given careful consideration. We should be using whole grains over refined grains, whole fruits, avoiding trans fats and added sugars. Could it be that the veggie brits were just eating more chips? We'll find out next.


Howdy how's it going? My name's DavyChappy and now that a new book has come out filled with information on the big lizard monsters, it's time for me to update my dragon tales so that you know what to do the next time that you want to get your hands on its mighty horde. As always, keep in mind that the majority of this is just my opinion, so if you find yourself scooping up a pile of dragon gold only to find that it was a massive swarm of bugs this whole time, feel free to play your game however you want. But with that out of the way, let's begin. So, dragons much like Fridao have appeared in cultures all around the world, with no central location that one can point to and say that's where they came from. The best hypothesis given is that early civilizations found dinosaur bones and wondered if they could belong to a magical monster of infinite wisdom. The fire bit just came about because fire equals magic and much like unicorns and lions, dragons were so prevalent in art and literature that plenty of people bought into the fan fiction and thought that they actually existed. Fast forward a thousand years into the future and some old guy decides to name his board game after them and now I'm required to always reference a company that won't sponsor me every time I talk about dragons.   Their relationship with outsiders plus the pathetically small number of living dragons compared to everything else made dragons evolve as isolationists, taking large territories of land for themselves and posting a no soliciting sign for anything that wasn't edible wildlife, including other dragons, which only made the population numbers that much smaller. But if you were a little dragon baby raised by a proper dragon parent, you would most likely have heard the Elegy of the First World, a mythological poem that asserts dragons as being the first beings in all of existence. As the story goes, Bahamut created the world. Timot gave it color and they worked together to create Sardior, the first gem dragon who promptly ascended to godhood and then helped the twins crack the races of metallic and chromatic dragons in their own likeness. However soon, other gods came from outside the first world, looking for a place to plant the seed of mortals. The dragons asked if they could all live in peace, but the other gods politely said no thank you and started to kill them all. Bahamut surrendered when he fell in battle. Sardior chickened out and hid in the core of the world, but Timot refused to budge and as she faced down her certain demise, the other gods pulled her out of death's embrace and bound her in an inescapable prison. Then while the invader gods were playing Farmville on Bahamut's server, he was quietly getting along with the deities and going, yo, hey, so it's really cool that we have all these mortals running around now, but since the war is over and you guys totally won, can we perhaps let my sister out of her cage of eternal damnation? The other gods, who had gotten to know Bahamut, thought that he was a total bro, so they were about to say sure thing when that inescapable prison proved to be a very poor name for a prison that Timot tore open, letting loose legions of chromatic dragons and deciding that if she couldn't have the first world, no one could. She started a huge rampage and Bahamut tried to calm her down, citing how some of the gods were actually pretty nice guys and they were totally about to let her out, but she responded with the fact that they locked her in a prison for all eternity while he did nothing about it. And then she blew up the world, as one does. The ripple effect caused millions of alternate realities to manifest, creating the cosmology of material planes that we know today, and the dragon swooped into all of these new realities along with most of the other beings of the first world, and that's how everything got made. Of course, you might remember Sardior, the gem dragon who just happened to be hiding in the core of the planet this whole time. Well, they were content with getting the world record for hide and seek until they heard some rumbling, thought, ah fuck, and then accidentally got exploded into millions of crystal shards when Tiamat blew up the planet, as one does.  Growing up with so much notoriety is bound to inflate your sense of self-worth, and dragons are a prime example of that. From the moment that they're hatched, dragon warmlings are raised by their parents to believe that everything the light touches is their kingdom, and they spend the beginning years of their lives going around and learning how to hunt, how to collect random items, and stack them into something that could be called a horde. And depending on whether the dragon is good or evil, it might swoop into a nearby village for a game of baby's first tyrannical subjugation. In the time before Fizzban came out, 5e was happened to claim that dragons were completely binary. Metallic dragons were good, chromatic dragons were evil, their alignment was a direct result of their god holding power over them, and a dragon could not change their alignment willingly, similar to how angels follow the alignments of their gods. I personally still use this in my game, but Fizzban made a point of retconning the slur so any dragon can be whatever it wants to be. This makes societal norms bedamped, meaning an evil dragon can produce a non-evil offspring and vice versa. Because of this, a dragon's happiness level will depend entirely on how shitty their parent is, and while evil dragons protect their young as fiercely as any other, they tend to kick them out of the nest sooner as well, both as a way of teaching them independence so that they can become strong on their own, and also because once a young dragon starts to get that gold fever, they start wondering if they're strong enough to take their parents horde. Good line dragons eventually leave the nest as well, but it's typically once they're already strong enough to live on their own, and not because their parent is paranoid about losing their vintage coin collection, but also because metallic dragons having natural shape-shifting ability that lets them see the world through humanity's eyes, and also because the more dragons there are, the more likely it is that danger will come looking for them, so maybe a very close family is not a good idea.  In the case of the former, two dragons will do the flying tango and lay eggs to start the circle of life again, but it's unusual for most dragon males to stick around at that point, since more dragons equals more danger. In rare cases, the mother might dip out too, but this is only if they decide that it's not worth the trouble of finding a dragon daycare. Unfortunately, despite providing us with dozens of new dragon variants, Fizzban's book doesn't answer the question of what happens when two dragon types mix, so I'll answer the question for you with hypothetical homebrew. This is unofficial. Either the eggs are a collection of both types, so a group of five, three might be green while two are blue, or they can make a weird hybrid that looks like a colorful Dalmatian and shoots one parent's breath weapon using the other parent's shape, so a cone of lightning or a line of cold.  Since dragons live a long time, this process might be repeated from decade to decade so that one dragon may have a very extensive family, although only dragons born in the same clutch of eggs typically consider themselves real siblings. But regardless, after a while, dragons go through a midlife crisis where they get tired of boning and focus instead on finding themselves, amassing a greater horde and valuable magic items. It's around this time that a dragon goes from being considered an adult to being considered an ancient dragon, and the legend of their exploits become so well known that they gain a title like icing death or desert doom or puff the magic dragon. Their old age may also come with an ancient gift known as dragon sight, which tunes them with the frequency of the multiverse and lets them see not only their current self, but all alternate versions of themselves living throughout all possible realities. What they choose to do with this knowledge is up to them, but it usually brings a dragon to the end of its life cycle where it will either go out in a blaze of glory battling its worn foes or die peacefully surrounded by its favorite thing, money. In either case, the dragon soul will either float up to be with Bahama on Mount Celestia, descend into Avernus to live out its days with Tiamat, or in the case of Gem Dragons, they will dissipate back into the world, perhaps one day finding their consciousness returned to the shattered will of Sardior. Some dragons, however, refuse to go quietly into the night and cling on to life so tightly that they ascend even beyond ancient dragonhood and become great worms, titanic beings of unimaginable power who embody the purest aspect of their draconic bloodline. A single breath from a great worm can wipe out a city, and nothing in all of dragon kind can defeat it, save for intervention from one of the dragon gods themselves. Now, when you look at this incredibly powerful monster, you might wonder to yourself, why? Why in the world would you willingly choose to pick a fight with the embodiment of fire? And why in the world aren't dragons at the top of the fantasy food chain? The answer is greed, my friends. Remember how dragons love collecting shit? Well, the thing they love collecting most is money, but that's not the only thing they love collecting. Magical items, ancient relics, princesses out of towers. A dragon's horde is so powerful that the very items that lay dormant within their layer absorb all of the residual magic expelled from a dragon's very being, coalescing into a horde magical item that grows stronger as the dragon gets older, like a fine rosé, but with a broadsword. Not only do they get stronger, but they oftentimes manifest completely new magical abilities that would water the mouths of would-be horde stealers. That said, the only thing stopping those thieves from getting their hand on the treasure is you know the dragon, so it's a high-risk, high reward type of thing. It gets even worse if you go in prepared for a dragon fight, but haven't done enough research to know what other things a dragon keeps around to ward off intruders. Being creatures of intense magical energy, a dragon that's old enough to march off into the world and settle in its own area will start to have an acute effect on that area. While it's true that black dragons prefer swamps, white dragons prefer tundras, and so on, the actual terrain becomes sort of an extension for any dragon that calls up their home, letting them mold the terrain, command the wildlife, detect the presence of those who pass the this is my swamp sign, and generally making life more difficult for adventurers looking to fight a dragon before they've even gotten through the layer. These traps will most likely ward off people who didn't even mean to enter the dragon's territory in the first place, as it becomes ever more apparent that something dangerous is living here. But for people with more pocket space than sense, dragons often employ or enslave other monsters to guard their treasure. Often the local dungeon bosses, or especially cobalds, tidalized people who have a very tenuous connection to dragons and therefore revere them as gods. If the adventurers managed to cut through the monsters that are minding their own business by living there and make it to the horde with or without the dragon knowing, then they've won, or so it would seem. Careless heroes might pick up a piece of gold only for the top of it to flutter open like wings, followed by the rest of the gold doing the same thing, and then suddenly you're attacked by a swarm of horde scarabs.  So you say, okay, maybe we don't go for the money, but the eggs are valuable, we can sell those.  A terrifying centipede monster that cracks open unborn dragon eggs pours down its own eggs into it to eat the baby, then inflates itself up to masquerade as an unbroken egg. The worst part is that they have a natural camouflage against dragons, so it's likely that the dragon won't even know about these parasites until it's too late, and every single egg has been devoured by the worms, as the poor adventurer who picks up the fake egg will soon be too. So, yeah, dragon hunting is a dangerous profession. You probably already thought you knew that, but damn, that shit's rough. And just because you might find yourself somewhere other than the material plane, that does not mean that you will be safe from the never-ending dragon craze. Much like elves, dragons have populated pretty much everywhere in the cosmology, creating hundreds of offshoots like shadow dragons and moonstone dragons, dragons that live in the Shadowfell and Feywaugh respectively, as well as deep dragons that live in the Underdark, eye drakes, which are what happens when a beholder accidentally stumbles upon Spyro X Cinder fanfiction, dragon turtles that live in the sea and provide a day you sex Machina for what is otherwise a very well written anime, ghost dragons who decide not to die, hollow dragons who decide not to die, but for good reasons, and dracolidges, which are what happened when a dragon becomes so powerful and also so bored, they decide to try out another dungeon boss's bone skirt. There are even more dragon offshoots that I refuse to list here because this isn't supposed to be a video about me just listing off the monster manual, but I felt like I had to at least mention the ones that I did, or else the comment section would hang me for it. Point is, dragons are like elves where you can take any concept that exists, put a dragon suffix next to it, and then suddenly it's become so awesome that an entire Twitter hashtag will be made for it. Overall, dragons continue to be one of the greatest and most iconic monsters in all of D&D history, and hopefully now that you've gotten a better grasp on their biography, you'll understand how to best utilize them to destroy all of your adventurers and teach them to always beware of dragons in dungeons. But that'll about do it. I hope you enjoy this video, be sure to leave a like, comment, subscribe, ring the bell, check out all my social media in the description below, and maybe support me on Patreon so that I can afford all these dragon eggs that may or may not have a weird scuttling sound going on inside of them. But yeah, Daffy out.


But China has like amazing spy technology, I think Here's the thing like Countries when they try to play the tech advantage That only works for a short period of time, right? And because technology is evolving Moore's law faster and faster and faster and faster and faster Then the time span that a certain country has a technical Technological advantage over someone else becomes shorter and shorter and shorter So tech advantage only goes so far now, right? It used to go a lot further in the past Right look at the United States when they developed nuclear weapons, right? That kept them the supreme power on earth right for Two to three decades Right, but then Russia started developing nuclear was faster and faster and faster and faster, right the the from what we understand in Korea the Korean War The United States the West was losing the Korean War and the only reason we have North and South Korea right now is because United States said that they would play the nuke card, right? They turned to Russia and China and North Korea and said look if you guys don't cut a deal right now And we freeze the conflict we're gonna use nukes and Russia and China at the time didn't have Nearly the Nuclear power as the United States so they bowed down and said okay.   We've got more nukes than you do, right? So that technological advantage is gone right gone, right? so That's the thing. How long is that gonna last and in my personal opinion? The two top countries in the world actually three top countries in the world with huge tech Supremacy right now, right China is there, but it's not the top three Russia Israel and the United States in my personal opinion I think United States Israel and Russia are Technologically the superior the top three players in the game right now China coming up China coming up They do have the supercomputers here, but it's very focused. It's limited Right now. They'll catch up super fast in the next less than five years less than five years


So this is, I mean, I guess to contextualize this a little bit for people, right? In old fashioned, you know, print advertising, it's like you would call up a magazine's sales department and say, you know, I want to put a page in your June issue and there's some price and you go do it. In the primitive days of the web, there was an effort to sell digital ads on the same basis. And to an extent that happens, I mean, publishers do some premium site specific advertising, but a ton of the ad inventory is what they call programmatic. And so as a publisher, you just kind of have these slots on your website that are filled with ads and you have an ad exchange that you work with that determines what goes there. But then from the ad buyer's point of view, instead of targeting specific publications, they are essentially trying to target certain kinds of readers. So instead of being like my inference is that a lot of men in the Philadelphia area are reading the sports section of the Enquirer, you can like go after people who you believe to be men who live in the Philadelphia area. Well, and of course, it's much more detailed than that, right?