When You Buy The Top of Every Investing Trend

Transcript:

Josh: My name is Josh and I’m the man who bought the top of every single stock trend. Come on. Looks like another red day.

00:00:06

Yeah, Josh quit his real job. That makes money to spend more time on his fake job. That loses money.

00:00:12

Josh: I think I’ve got an insider tip here from Dave Portnoy’s, Twitter.

00:00:14

Girlfriend: You have an insider tip. The info got to you, Josh, before Goldman Sachs.

00:00:18

Josh: You know, I bought into GameStop a couple of days after it became a national news story. And I thought to myself, yeah, this has got to go higher, just waiting for the smart money to get in bought here. Then when it’s just about to hit the bottom, I can’t take it anymore, you know, rice paper hands. And that’s my sell point.

00:00:32

Girlfriend: You have day trader in your bio

00:00:33

Josh: now. Then it usually starts to go up again. Second dose of Fomo. It’s not going to miss it this time. Enjoy the second ride down and sell the bags.

00:00:39

Girlfriend: Josh needs to have the magical ability to predict a stock crash based on when he buys it.

00:00:44

Josh: For me, it wasn’t really about the money. It was about sticking it to the big guys by letting other big guys take my money.

00:00:49

Girlfriend: I mean, it should be a little bit about making money.

00:00:51

Well, you pay for your hobby of doing yoga. What’s the difference?

00:00:53

Girlfriend: Yeah, I didn’t take a mortgage out on our house to do yoga.

00:00:56

Josh: Once a meme coin cycle reaches its full conclusion. That’s generally when I ape the fuck in, not financial advice.

00:01:01

Girlfriend: Yeah, it definitely is not financial advice.

00:01:04

Josh: You know, I sort of teach the whales a lesson by buying their shares. Dogecoin actually bought ours before Elon Musk’s SNL appearance and then sold the day after the thirty percent loss. I guess you can say that I dodged making coin on that one, but I did learn a valuable lesson that day, which is I should be basing my entire trading strategy on Elon Musk. His tweets,

00:01:21

Girlfriend: Are you just refreshing Elon Musk’s Twitter?

00:01:23

Josh: You don’t wait for him to tweet something. And then once everyone else is done buying, I jump in the game, wait for him to tweet something contradictory, sell again. I’m at a loss.

00:01:30

Girlfriend: He cashed out our mutual funds just recently.

00:01:33

Josh: I repeated that process with Bitcoin and that’s when I actually got in on the ground floor of made twenty point one. I guess you could say I lost a bit of coin on that one.

00:01:40

Girlfriend: This isn’t funny. At least before crypto, the losses ended at four pm. Now he’s up till three a.m. losing money.

00:01:47

Josh: She doesn’t even appreciate all the money that we’re saving by not paying capital gains.

00:01:50

Girlfriend: Are you serious right now?

00:01:51

Josh: And I still remember my first trade ever canopygrowth June 19th. 2019.

00:01:56

Girlfriend: Don’t get me started on the weed stocks

00:01:58

Josh: because you could say I got smoked on that trade, took a bit of a bong hit out of my savings, definitely in the red on that green.

00:02:05

Girlfriend: I’m glad you’re enjoying yourself because we’re in a ton of debt right now. You know, his friends call him, the bubblepopper behind his back.

00:02:10

Josh: But my actual credit name is shallow fucking value. I think I might have a solution to some of our financial problems because I just found a site that let me trade crypto on margin.

00:02:18

No fucking way.

00:02:20

Josh: I mean, you can call me Joe Rogan the way I’m about to ape. Yeah, I’m getting REKT.

00:02:23

Girlfriend: Let me guess. It’s Robin Hood again.

00:02:26

Josh: And probably in hindsight, leveraging wasn’t a great idea. Yeah. Apparently you can lose money on trading cards now do so trying to get into that world.

00:02:33

Girlfriend: He uses Coinbase for day trading and never once discovered a transaction fee.

00:02:38

Josh: I actually think AMC will probably cruise back up to it’s high again soon. If it does, that’s when we buy.

00:02:43

Girlfriend: His most profitable week was when we were on vacation in Mexico with no service.

00:02:47

Josh: Why do the put lasers in their eyes? I’d say my favorite part is probably tweeting all the way down. And then once I sold, well, you don’t really hear from me again.

00:02:54

Girlfriend: I need to get him back Playing Call of Duty. Hey, Warren Buffett, here’s your Beanie Babies.

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