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Drink, Smoke, Stocks, And Crytpo

Drink, Smoke, Stocks, And Crytpo

By: Antonio T Smith Jr
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About this listen

Straight Forward and Unfiltered - this is not your everyday stock podcast. This show brings much-needed ACTIONABLE advice to people who don't understand the mumbo jumbo of all of the professional talk but want to walk their way out of poverty and into the stock and crypto world. Antonio is relatable, funny, and uncensored. His down-to-earth discussions about money, stocks, and crypto are entertaining whether you’re a financial whiz or just starting out. To be a part of the show and get your financial questions answered, grab a cigar and your favorite choice of drink and join us for an entertaining and educational trip through stocks and cryptocurrency. Send an email to support@antoniotsmithjr.com to get more information on how to be a part of the live audience.

All rights reserved. Antonio T Smith Jr. Career Success Economics Personal Finance
Episodes
  • Price, Volume, Profit Power

    Price, Volume, Profit Power
    Oct 31 2024

    Get Your Personal Financial Budget Statement Here:

    https://s3.us-central-1.wasabisys.com/40webinars/personal-financial-statement.xlsx

    BriarCliff Crest is an exclusive, invite-only opportunity for select traders looking to elevate their strategies. The only way to secure a chance for an invitation is to email the contact info provided on this podcast.

    Show Notes

    Links mentioned in today's episode

    Links Included In The Episode:

    https://www.youtube.com/watch?v=19O_iWtiA18


    In today’s episode of the Drink, Smoke, Stocks, Crypto Podcast, Antonio dives deep into the art and science of trading, breaking down key strategies in a live trading analysis with Deaunna and Grace. They explore the critical importance of volume and price action movement in the stock market, examining real-time examples with the aid of Antonio’s proprietary Institutional Precision Intraday Trading system. Learn how institutional trades differ from retail, when to set stop losses, how to interpret volume spikes, and the psychology behind trapping bulls and bears. This episode provides a powerful, in-depth masterclass on reading charts, understanding support and resistance, and making confident, profitable decisions in the market. Whether you're a beginner or a seasoned trader, tune in to elevate your trading strategy and get insights into mastering the psychology of market movements.

    Key Highlights:

    • Volume and price action as the backbone of trading
    • Identifying and understanding institutional trades
    • Setting stop losses and taking profits with precision
    • Recognizing support, resistance, and market traps
    • Real-time trading insights with Antonio’s Intraday Trading system
    Show More Show Less
    2 hrs and 6 mins
  • Liquidity Timing for Maximum Profit

    Liquidity Timing for Maximum Profit
    Oct 26 2024
    Get Your Personal Financial Budget Statement Here:https://s3.us-central-1.wasabisys.com/40webinars/personal-financial-statement.xlsxBriarCliff Crest is an exclusive, invite-only opportunity for select traders looking to elevate their strategies. The only way to secure a chance for an invitation is to email the contact info provided on this podcast.Show NotesLiquidity Timing for Maximum ProfitIntroductionAntonio initiates a discussion about step one of the trading strategy.Grace is asked to share her screen and inquire about step one of their trading strategy.Step One: Institutional Precision Intraday Trading StrategyKey Focus: Preparing for the market before the New York session opens.Importance: The New York session involves high liquidity and institutional activity, especially during the overlap with the London session.Detailed Breakdown of Step OneReview Overnight Price ActionAnalyze movements during the Asian and London sessions.Identify key levels and trends from the overnight markets.Identify Key Liquidity AreasLook for zones with high order placement potential (previous highs, lows, or swing points).Check Major Economic News ReleasesBe aware of upcoming news that may impact the market.Institutions will adjust strategies based on these events.Define Potential Price Reaction ZonesIdentify support and resistance levels where price retracements or reversals are likely to happen.Goal of Step OneSet up your strategy before the market opens.Ensure readiness to align with institutional price movements when market activity spikes.Antonio’s Personal Approach to Step OneCentral Focus: Antonio focuses heavily on the front-end intellectual preparation.Self-Awareness: Acknowledges his tendency to push limits, so he prepares in advance to control impulsive behaviors.Strategy Timing: Antonio targets the overlap between the New York and London sessions to capitalize on high liquidity (9:30 AM to 12:00 PM Eastern Time).Central Time: 8:30 AM - 11:00 AM.Antonio plans his entire day around this overlap for maximum efficiency.Antonio’s Trading Strategy and Personal RoutinePreparation Block: Antonio’s preparation for the trading day starts the night before (9 PM).Prepares by reviewing information on Reddit and other sources.Uses this time to gather insights and finalize his thoughts before the 7 AM to 12 PM trading block.Efficiency in Trading: Antonio aims to catch 4 trading cycles during the high-liquidity overlap.Antonio’s Real-Life ComparisonAntonio compares trading strategy to preparing for life events (like relationship timing), emphasizing being in the right position at the right time for success.Importance of Liquidity and TimingHigh Liquidity: The overlap between the New York and London sessions offers high liquidity, providing optimal trading opportunities.Goal: Antonio’s goal is to strike during high liquidity times for maximum profit in minimal time.Relationship to Other Aspects of LifeSelf-Discipline: Antonio’s routine reflects his overall disciplined approach to business, personal life, and trading.Prioritizing High Impact Time: Focusing on a few hours of high activity aligns with Antonio’s strategy of getting maximum returns with minimal effort.Preparing for Step OneTime Block: 7 AM to 12 PM (Central) is Antonio's critical window for preparation and execution.Focus on Strategy: Ensuring everything is set before the market opens maximizes his chances for success.Leveraging Reddit for Market ResearchUsing Reddit for Market Insights:Antonio uses Reddit as a tool for gathering market insights.Views the posts from people on Reddit as "free secretaries" doing research for him.He prefers not to do too much work himself but utilizes others' labor for research and information.Typically checks Reddit while in a relaxed mindset, often while drinking.Step 2 Explanation: Evening RoutineThe Night Before:Antonio considers his real win the night before while relaxing.Preparation Time: Starts preparation from the evening until 8:29 AM, the minute before the market opens.Focus on Overnight Price Action:Focuses on the Asian-London session overlap.Not interested in trading Asian markets but cares about the result of this overlap.Key Terms to Watch for:Resistance Zones: Areas where the price struggles to move higher.Support Levels: Areas where the price tends to stop falling.Liquidity Grabs: Zones where large orders are placed.Fair Value Gaps: Areas on the chart showing discrepancies between price points.Chart Review:Reviews the charts from the previous day, focusing on volume rather than candles.Volume Check: Focuses on the volume because it indicates the number of participants in the market.He admits looking at volume helps him feel confident, though it doesn't guarantee knowing what will happen.Liquidity and Market BehaviorLiquidity Zones:Defined as areas where money is resting in the market, including previous highs, lows, and swing points.Key Economic Data:Focus on significant economic events that may ...
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    1 hr and 2 mins
  • Cycles And Strategic Trading for Big Gains

    Cycles And Strategic Trading for Big Gains
    Oct 26 2024
    Cycles And Strategic Trading for Big GainsGet Your Personal Financial Budget Statement Here:https://s3.us-central-1.wasabisys.com/40webinars/personal-financial-statement.xlsxBriarCliff Crest is an exclusive, invite-only opportunity for select traders looking to elevate their strategies. The only way to secure a chance for an invitation is to email the contact info provided on this podcast.Show NotesIntroductionKicking off with updates on the real estate deal Antonio is currently working on.Antonio introduces real numbers for transparency.Real Estate Deal DetailsReceived numbers: $38,521.36 needed to close the deal.Breakdown: Includes loan, closing costs, fees, and interest.Antonio’s Trading StrategyMotivation: Antonio's current goal is to make $38,521.36 today.Uses ChatGPT to assist with calculating the necessary stock trades.Prompt setup: Provided real estate details and asked for specific stock recommendations.ChatGPT-Assisted StrategyAntonio shared the exact prompt used to calculate stock cycles.Key Details:Loan: $400,000, APR: 5.799%, VA Loan, 30 years.Total cash needed: $38,521.36.Asked ChatGPT to provide stocks under $100 and a plan for reaching his goal through multiple cycles.Goal: Achieve the total amount through repeated trading cycles on one stock.Antonio’s Approach to Stock CyclesAntonio prefers to focus on a single stock to reach his financial goal.Requested ChatGPT to calculate how many cycles it would take to reach $38,521.36.ChatGPT's Response: 193 successful trading cycles at a 1:3 risk-to-reward ratio, starting with $100 per trade.Strategy ExplanationAntonio’s Method: Avoids multiple positions, focuses on one chart.Prefers simplicity and efficiency, minimizing analysis across multiple stocks.His reasoning: One stock allows him to study and exploit the same set of people’s behaviors.Otis’ Input on Trading StrategyOtis highlights the importance of focusing on a small number of stocks, ideally 10.Each stock moves differently, even within the same industry.Learning the behavior of a small set of stocks allows for better predictions and trading decisions.Advanced Trading InsightsAntonio compares stocks to living entities with personalities and secrets.Importance of gaps in stock charts: Antonio stresses the importance of predicting when gaps will fill.Volume observation: Both Otis and Antonio emphasize tracking volume to understand market momentum.Antonio’s Trading PhilosophyAntonio acknowledges the strategy might seem brilliant, but attributes it to a form of "lazy intelligence."Prefers to focus on one chart rather than learning multiple sets of behaviors for different stocks.Use of News in TradingAntonio clarifies that while he says he doesn’t care about news, he just doesn’t prioritize it the way others do.Deanna is instructed to hold off, as Antonio prepares to share key insights.Antonio’s Final DemonstrationShares his screen to walk through his strategy in action, demonstrating the practical application of his method.IntroductionAntonio admits he lied about not caring about news.Clarifies he cares about news but approaches it differently.Compulsive NatureWhen Antonio focuses on something, he learns everything about it.Example: Early investments in Sheba and Crow before they became popular.Not due to being smart, but because of thorough research.Antonio’s Research ApproachUses Reddit as a primary tool for gathering information.Calls Reddit the "front page of the internet" for staying informed.Antonio explains how Reddit provides valuable insights and market sentiment.Real-Time Example: Palantir TechnologiesChooses a stock he knows nothing about (Palantir).Steps into a Reddit group dedicated to Palantir to gather insights.Observes people in the group discussing market news and behavior.Market Sentiment & Insights from RedditAntonio reads Reddit comments for insider-like knowledge.Tracks sentiment on discussions about Palantir and makes decisions based on that.Highlights how market discussions on Reddit influence stock prices.Using ChatGPT for Stock AnalysisAntonio inputs Reddit comments into ChatGPT to get sentiment analysis.Requests ChatGPT to provide facts and sentiment about the news.Asks ChatGPT to create scenarios for trading, based on both pump-and-dump or optimistic strategies.Trading Strategy with ScenariosTwo scenarios:Pump-and-dump: Enter and exit quickly to capture profit before a drop.Optimistic: Plan for a longer position based on positive sentiment.Sets risk parameters: tight stop loss, exit after 3% gain.Antonio’s Approach to EfficiencyDescribes himself as “lazy,” focusing only on one chart and exploiting it thoroughly.Wants to minimize effort while maximizing results.Strategy: Repeat the same cycle multiple times to achieve the desired financial outcome.Otis’ Input on Trading StrategyOtis emphasizes not trading everything—focus on a select few stocks.Learn how 10 stocks move instead of spreading attention across many.Supports Antonio’s ...
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    48 mins

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