keeping it real with kenny glick, market wild man! // stock market day trading tips, investing strategies, day trading for a living, day trading for beginners, vwap trading strategy indicator explained, day trading interview david moadel i'm joined by mr kenny glick he is a well-known youtuber a traitor investor extraordinaire and i've been looking forward to this one for a long time
apple stock price march 9 2009, thank you at mr. glick for joining me today sir thank you for having me this is you this should be fun i i've been looking at your tweet you love to tweet
my friends i love the sweet i do i guess i'm an addict but hey you love to youtube and so do i what i love about your youtube videos you've got many of them you've been doing them for a long time and they're entertaining in addition to being insightful and informative i get the impression that you're not willing i'm sorry not afraid
to do whatever it takes to get people's attention so you can bring the information to the people is would that be an accurate statement yeah yeah i've always always well i came from the world of entertainment i i never reckoned myself to be a wall streeter i was a television and radio major i was learning how to do production and tv
commercials and uh with a side of acting and stand-up comedy so what happened was i was doing stand-up comedy and this is you know we're talking about you know 1990 maybe so we're talking a long time ago and i was approached at the end of one of my shows and i'm all excited because i thought this might be an agent or someone who's interested in my you
know comic attributes but he said you know what you're a funny guy want you come down to our firm in long island and sell some stocks to love you and next thing you know all those movies just saw about boiler room and you know wolf of wall street i was right in there in the midst of all that nonsense trying to figure myself out you know what i was
doing there and you know it's a that's where my career kind of began kind of as like a mistake this matter of fact well it's very for mistake for all of your viewers and admirers i think a lot of people first took notice of you you were is this true in the late 1990s in a cbs documentary about day traders can you tell me about
that yeah well it came out of a you know a sad event there was a trainer that apparently lost some money and he went in guns blazing taking out some people and next thing you know there were camera crews in pretty much every day trading firm around the country looking for people to talk the guys that own my firm knew i was a ham so they threw me
in front of the camera and i was on what was it nightline and then i was on the show what was it 48 hours and what they really did there was trying to make us look like a bunch of degenerate gamblers who were ready to you know murder our families and i had to defend the nape i had to defend traitor nation to the point where you know my claim to fame
was i could probably tell you what a stock is gonna do 20 or 30 minutes from now opposed to where we're going to be a month or two months from now and that's all we try to do and if you want to make us seem like a bunch of degenerate gamblers then i will you know debate you till the end of time because the stock market by definition is all gambling no
matter how educated and how smart you think you are i tend to agree with that i wanted to talk about hit the bid calm what a great website there's so much content here there's a chat room i see you can sign up for a newsletter can you tell me about that well the website well that's i'll take it back a second really what what it was is you know we're very
lonely group the traders we are we're sitting here you know as much as we want to be around people and have some camaraderie it's a solitary you know industry when it comes down to it it's you and you you know what you do so i always wanted to have that you know feeling of a traitor's desk but originally what it was was you know i
went from doing really well for myself to the point where i was the george costanza of trading i could do anything right you know one after another i mean every idea i had would just turn it to be the worst thing i ever thought of if i would buy a stock it would go down sell it short it would start ripping up then every time i would
get out of a position that's when the real move would happen and i said you know what maybe i'm onto something here maybe i should just launched a website with people come and do the complete opposite of what i do and i'll just do it live and you know it will have a lot of fun with it at least i'll make some money being the miserable trailer that i
am right now and i named it suck my nasdaq and it's pretty angry pretty aunt was it was fun for a while but the nasdaq contacted me said you know you can't use our name and i switched it to hit the bid and miraculously what i did you know somewhere in that transition between george costanza i got back to got back to myself and went back to what
was making me money you know 1999 2000 2001 i just went back to you know the same principles that were you know working back then and now i just surround myself with you know volume weighted average price to guide me into all my trade so i took what was working for me back in you know the early time in my career and now tweaked it a little
bit with you know using v web and it's it's been pretty consistent so and now what i do on the website i kind of do like a live show where people come in they log in they see my screen on their screen i talk all day because you know i like to talk and i teach people what to look for and really what it comes down to and you know this better than anybody
to say to stay in this industry it's really about not making the mistakes yeah that every trader makes because there's more mistakes that you can make then things you could do right you know you find a few things that work you focus your attention on those and try to avoid the hundreds of mistakes that you typically make so i spend most of my day
trying to refresh people's memory on what not to do and focus their attention on what works which is so important you've got to fight to live another day in this crazy world of trading and i wanted to talk about some of your videos i mean they're so entertaining they're so informative i remember a video i believe it's from 2011 am i
right were you predicted not only did you predict dow 20,000 but you even got really close to exactly when it would happen can you tell me about that well thanks for bringing it up it's a you know something that you know i was hoping to make it on cnbc you know at least josh brown gave me some accolades for that at one point but i you know
after and i was a big shorter two thousand was fantastic for me because i was a big shorter and i i didn't really you know believe in what i was looking at a lot of guys were getting rich on the way up and i was just waiting you know waiting in no patiently like a panther stalking and then finally when that when the the uh i can i say shit
hits the ban on your show sure why not all right well shit hit the fan that's when i was you know i had a lot of fun on the way down and what got me in trouble was that when the marta started rallying after march of 2009 my instincts were okay we've had our fun it's time to roll over and die again and i got hammered and this time at least i
didn't completely blow up i said you know what i'm gonna join the fun and i just started kind of calculating that if the government has taken over the stock market there at least gonna bring us back to 14,000 and if we get past fourteen thousand is going to be a whole new crop of people and know how they love to buy stocks when they going up
opposed to buying when they go down and i did us little calculations and i just you know put out some data and i got 19,000 363 on january twentieth of 2017 i even could even put a time in there 140 in the afternoon because it looked like it was all setting up for a nice obama rally right to the day he was leaving office he was options expiration
its third friday of the month i was like you know what we'll probably get around 19,000 in doubt 20,000 just sounded so much cooler and you know we got right to it almost to the toll most of the day i was five days off and it was it was a pretty sick call you know i am my dad held the whole time which i'm very proud of him we were you
know along the qqq which is our favorite stock still our favorite stock till today you know wraps everybody you know you get the top hundred stocks the nasdaq and right now how could you beat the top hundred stocks in the nasdaq all wrapped up into one stock it's gorgeous yeah very nice i want to talk about what's the difference between the chat
room and glicks pics on hit the vidcom well glutes pics was kind of an experiment more for the swing trader the guy that doesn't have the time to sit in a room and listen to my schpeel every day from you know i go strong from around nine-thirty to about twelve o'clock and then you know i'll send some emails make some phone calls just chill
out for a little bit sure but glitch pics was my experiment into the wonderful world of swing trading and what i found is that it's a lot more difficult to just email people with a couple of ideas and with the stop loss and where we think the stock is going to be because so many different things happen you know once you're in the
overnight once you're doing that swing trade and it you know we had a couple of you know pickups in there with some news that got in the way some some downrange or whatnot i've kind of shell tit for now because mice claim to fame right now is this be web trading these reversals and they work really really well during the day but you have to be you know on
your toes and you know the real way to make money in this market still is this two hour window in the beginning of the day where you're looking for stocks that are trending and then reversing trend breaking through a v web and then possibly rolling over and going short or you know taking a gap down stock having that fade break over the one-minute v
web and then going green and following through on the upside so what i try to do with glitch pics was once we got that stock to violate a v web i would send out an email and say i like this stock but quite often you know the delay in people's actions was the problem you know so right now i'm just trying to stick to
come to the room come hang out learn a few things and then you know what i like the best about what i've been doing lately is that i've been instilling the rules into some guys and you know they take what they learn and they go find their own ideas that's you know now i know for a fact i'm doing the right thing when i hear back from guys you
know sometimes somebody comes in cuz i do a lifetime membership so you know some guys they'll come in for three or four months to learn some stuff and then they disappear and i get worried oh my god what happened like i know everything's fine i'm just you know just hanging back and you know doing what you taught me and you know i'll be back in
you know and that's why you know this month to month thing or you know these subscription based websites not a big fan i believe if you if you want to hang out with me and learn some stuff some stuff let's just make it a one time you know one time fee where ya you know you pay your um i gonna know what what tribute i guess to the master rio i got
a wet my beak a little bit so to speak so you know that's the way i've been running it and it's been pretty good because you know now i give a give a month free trial and if you really truly dedicate a month then again you have to sit there every single day but come in hang out from 9 30 to 11 30 which is great for a lot of retirees and some
guys that have jobs that start a little bit later in the day come in see what goes on for those two hours and you know if it fits your criteria in your life and you want to continue after a month month and a half then that's the only time i ever ask anybody for any money because this is kind of started that's kind of a you know more or less like a
stock tutoring service so to speak like my dad were you know you were a teacher and you know he would teach his classes all day and then he'd have a few kids at home and a few kids would come to the house and he would you know make some extra cash and that's how i'm doing it right now look it as you know a little tutoring service you know absolutely
we're both educators so i totally understand that and its benefit benefiting so many people i just wanted to ask about v whap what's so special about that what's so powerful about v wet for swing traders and day traders well for me it started about four or five years ago buddy mine and you should talk to this kid very
smart kid zach her wits and not embarrassed to say somebody showed me something but he was in our room and i just did my own candlestick high-low pattern recognition i would take a high and the lows from prior candlesticks over a given amount of time and i would divide by how many candlesticks and i would come up with some pretty decent
exits and entries for my pics and he told me why not use be web because what you're doing is kind of what v wep is and i didn't really know too much about v web so i just started plotting it on my chart and lo and behold the one minute v web and what we are our special sauce is something that he created called the multi-day be wet easiest way
to define it is it takes however many days your chart is showing it'll give you the v wep over that agron you know the aggregate amount of time and it didn't make any sense to me to even look at that until it started to work and i would see oh wow we broke a five-day be wet but what's the ten-day be wet and next thing you know you got a five-day v
web making its way to the 10 day and then i started looking at three monthly laps six-month be web one year to year and it all started working so i don't know why it works and that's you want to talk to somebody don't give you the wise and again one thing about trading that i've learned the hard way i don't ask why if it's working fantastic i can't
believe it's working and it continues to work and what if something continues to work that's a trend and the trend is your friend and whatever the whatever the causality of the v web right now what my my favorite chart is the one minute v web and i take a look at what the stocks done over the last two three four and five days and it has been a
fantastic roadmap to day trading and as far as swing trading i start looking at the 36 one year and two years and it's been just a it's been a godsend and especially when i'm finding is that when stocks are coming out of what i call the doldrums or the exhaustion situation formation the esf for short it's when like a stock like amd
just comes out of a two-year malaise or a stock like restoration hardware just now or already a community health cyh or 84 lumber liquidators you'll notice if you take a look at those charts you'll see that they're all very similar how they came out of these huge basing formations which also met like a one-year or two-year v web and next
thing you know you look in a three-year v web which wouldn't even i mean why would anybody look at that but suddenly they lost it all started working so i'm just sticking with it like i said if you find something that works just keep using it until it stops makes sense to me i like it i wanted to talk about trader failure so many i've heard nine
out of ten ninety percent of retail traders fail at it you actually have a very funny great music video on your youtube channel no crying and trading i love it um but yeah i do why do so many traders fail and as educators how can we fix this i think the main the main reason most of them fail is that you know i tell people that if you trade
these be web reversals they work about eighty percent of the time so if you have something in front of you that in your mind you're thinking hey this works eighty percent of the time you forget that twenty percent of the time you're going to be wrong so you have to take that loss that's the problem people's get to the to the assumption that well
if it works eighty percent of the time why should i take the law so just wait for it to work and they'll take a small loss and turn it into a tremendous loss where it didn't happen to be nor should-should have been that loss so where i could take a day where i do a trades for losses small losses and then the one trade that works makes the whole
day and if you look at the percentages i went 1 4 9 yet i made money today the loser trader has eight small losses and takes that one loss and wipes out the other eight good traits that's what i find to be the main reason people fail and you know it all stems from that not being able to take the loss and you obviously suddenly your day trade
becomes a swing trade next thing you know you're an investor in a company you have no idea about you getting 10-qs in 10 cage you're telling your friends about it hey maybe you want to buy some of this stock yeah i've owned it for the last six years i think they make something i don't know exactly what they do but yeah i own it to 20 you gotta
love it here in five hours and that's that's really what it comes down to nobody knows how to take the loss whether it be the ego or just the monetary when you're sitting there who the hell wants to lose money so you're just hope and you pray that your stock comes back and usually you know it ends up getting a lot worse yeah i i know the
feeling and i wouldn't wish that upon anybody but it happens to a lot of people oh yeah yeah here's a left field question for you let's see how you do with this one tell me about a time that you lost a trade due to ego oh wow yes um well i guess shorting shorting the qqq and you know somewhere around june of 2012 where you know i thought i was
right and nobody could tell me i was wrong and it started going my way and i'm skipping around the office one day was one of my largest positions still that i've had in the last you know decade you know had about 800 in the money puts on the queues at about 2,000 shares floating around this so basically you know close to up you know 100,000
qqq short and i am you know i'm so proud of myself because i called the turn i had every set up that i was looking for and then the market started going back up and i just ignored it where normally i'd be like oh let me get out of this plus i was up on the position at one point and i just sat there and i ignored every rule that i ever taught anybody
else don't let your whip your winner become a loser don't ignore the map of the market keep your eye on the vics don't let this thing get out of control and what had happened was that you know jp morgan or morgan stanley right after i had this monster short position upgraded the entire plan and again my ego
the way i was like at jpmorgan whatever be it'll be a half hour event will spike up and then we'll roll back over and i just ignored everything and i turned what was a nice profit into one of the most horrifying losses i have taken probably still over the last 10 years you know it was like a 30 grand profit turning into gotta be 120 maybe 150
thousand dollar loss in the matter of 36 hours it was ridiculous yeah ridiculous and none of that happened none of that had to happen you know and i won't ever let that happen again that that was the last time i was a victim and it also made me into the psychopathic bull that i am right now because you know i i hate using the terminology that this time is
different but this market seems a lot different than anything i've ever seen and you're probably you know you're seeing the same thing yeah a lot of people are just dumbfounded by but we're the days of the bear market i don't even know if that's ever going to come it seems like all we do is we get these pauses a momentary a momentary sell-off
and then it traps more people who believe that this is the start of a sell-off and then it feeds on itself crushes the shorts breaks new eyes and then everybody starts piling in again and it just keeps feeding on itself it's kind of like a spiral you know a death that you have the death spiral down but now you've got this you know this spiral
up and it just keeps feeding on itself and feeding on itself and i don't know i don't think anyone's gonna be able to predict when we actually have you know ten or twenty percent move down yeah and i was just going to make that my final question on what can we look forward to or not look forward to in 2017 i mean i'm not asking you to be a top collar of
course not that's not a winning game i don't believe or to predict you know what where's where's the dow gonna go where the spider is going to go but i mean let me form the question this way would you recommend that your elderly grandparents invest their money into the market right now i have to say yes i think we're going to
40,000 i think we're about to tack on another eight to twelve percent a year over the next six years so if you put that in to some mathematical formulas we're talking about gal 37,000 to 39,000 within the next six years and i know that might sound crazy but guess what i'll 20,000 when we were just breaking 11,000 sounded pretty absurd also i
don't see any reason for this market to go down and it's not going to be interest rates it's not going to be political unrest because we got plenty of political unrest the last hundred days it seems saber rattling we've got sars ebola i don't know let's name some nations that we were afraid we're going out of business greece how about some
portugal spain puerto rico what's it going to take i don't know but you know what that's that that's the only thing that's going to derail this market some black swan event that nobody could predict and my only way that i'm going to get out of this market is if we break a series of new lows where you know the dow jones right now for me it's doubt
its twenty thousand three hundred where we just bounced off and then under that i have nineteen thousand seven hundred if we violate twenty thousand three hundred and then i have some huge support at nineteen thousand seven hundred if we go through there maybe we have our first real you know moment of selling but the real tip of my friend is
you v xy the vics when this awful product actually goes into an uptrend that last more than two or three days and is up maybe 20 or 30 maybe 40 percent that's when i'll be afraid when these vic's products stop disintegrating at this alarming rate yeah that'll give me that hmm maybe the market wants to go down but for now my god i truly believe
and again i know it's hard to predict where we're gonna be five or six years from now who knows what's gonna happen well you've done it before yeah i i just don't see any reason to get out of the market right now and you might not want to just start in thing and put all your money into it right at this moment but you know if
you're buying a little bit and you get a pull back and you buy a little bit more and do it cautiously i really think we're going a lot higher and we'll still be having the same discussion about all the reasons why we should be going down and i could you know i'm i'm one of them i can give you a hundred reasons why we should be selling off but when i look at
the market i just have to admit i'm wrong and i won't fight the market anymore and learn my lesson it's all about learning lessons and this has been really interesting because lately i've interviewed so many people who are all about gold silver stacking hoarding and so i'm getting a totally different perspective here and this is so
fascinating to me i know your time is valuable to you just wanted to ask you one more time about hit the bid calm and also how to contact you if people want to get in touch with you and learn more about your methods yeah thanks man i appreciate you you know putting that on there well it's really you can contact me through the website but the easiest
thing to do is email me and this is the greatest email address of all time kenny glick @ aol.com laughs at me chuckle yes i still use aol i'm old kenny click on aol com send me your phone number we'll talk we'll chat we'll get to know each other i kind of keep my room now is like a family affair everybody in there we're pretty queer pretty friendly now we all
know each other and i don't i used to have it where anybody could come in it was just an open door and a lot of people would come in and just cause trouble you know they would see a video on youtube and they would come in at one thirty in the afternoon on thursday yeah where's your pics tough guy yeah your videos you say you never lose where's
your pics where's your pics uh sir i'd it doesn't really work like that it's 130 on a you know thursday afternoon and i'm i'm actually not even trading right now what do you mean you're not trading i don't you trade all day you're a genius so now we kind of just we keep it a little low-key you know contact me we'll have a conversation on the phone
will get to know what you want to do and by the way i will scare the living crap out of you if you want to become a traitor because i will tell you all the horrifying stories first and then i'll tell you how to succeed because it's really you know it could be easy but my god it's it's a lot harder than people think and it all comes down to that you
know those that discipline and you know sticking with what you know but you know give me a call you know i don't know if i don't want to get my phone number on here but you can i guess 9 175 21 4827 operator is standing by that would be me because i it's basically a one-man show at this point but ya candy glick @ aol.com or just give me a call and you
know well chad and you know we'll see if that you know it really is about your mental fortitude if you're gonna be successful at this yeah so that's what i like to get to know people little bit before they you know jump in and start trying to trade absolutely once again that's 9 175 2148 27 and yes it's ok to use aol nothing wrong with that that's
right thank you so much mr. kenny glick hit the bid comm check it out right now what are you waiting for mr. glick thank you so much for your time today i really appreciate it not dave that this is great man and thanks for having me on awesomes thank you sir you
