Weekend's games in the N.C.A.A. Men's basketball tournament went to the Jayhawks after they beat Duke in overtime I'm Richard Johnson. Talk Radio 790 K.T. See dunes Live and Local at 7 o 2 I'm Steve coming El Camino rail Charter High School and Woodland Hills has finished at 1st place in this weekend's California academic to Kathlyn and will go to the national competition in Texas the next 4 positions are also occupied by Los Angeles County Schools Granada Hills charter high school finished 2nd followed by South Pasadena high Franklin High in L.A. And Mark Keppel high in Alhambra by the way the L.A. U.S.T. Had announced that the team from El Camino Real would fly home tonight not so it will fly home tomorrow night arriving at 940 on Southwest Airlines and there's a new king at the box office A.B.C.'s Jim Roope reports just as the defense for. Pacific Rim uprising has taken in some 28000000 dollars in the U.S. And Canada in his debut weekend pushing the path or into 2nd with the box office take of 16600000 Black Panther is pulled in nearly $700000000.00 domestically it is 5 week run in 3rd place this weekend the faith based film I can only imagine Sherlock gnomes took 4th and 2 rater 5th checking sports in the N.H.L. The ducks are playing lawyers in Edmonton still scores in the 1st period looking at A.B.C. Dependable traffic downtown in the 60 westbound at the panda 4 car accident is blocking the middle lane creating stop and go back up to Lorraine a straight on the want to want to cold water canyon ave an accident blocking the right light stop and go traffic back to Laurel Laurel Canyon Boulevard and traffic is slow from there back to Woodman on the 4 $105.00 northbound at Roscoe of all of our A car has run out of gas and it's blocking the right leg if you see so cal weather watch tonight breezy and mostly clear with lows in the mid forty's told around 50 tomorrow sunny with highs around 60 Santa Monica has 57 degree Downey has 60 degrees downtown has 61 degrees I'm Steve coming to Talk Radio 790 A.B.C. News. This show furnished by fast forward Inc and online trading Academy Today show is provided for entertainment and general information purposes opinions expressed are those of the presenter only we make no promises or guarantees of investment performance online trading Academy is not our broker dealer or a certified financial planner or registered investment advisor enjoy the show. Welcome to the show with your 1st time listener We are pleased to meet you my name is Ryan cookie we're excited to have you with us today joining me as always is my great friend the director of instructor development top instructor at on line trading Cademy he is who everybody wants to be he's the brains of the operation week on the stock Dr he's Mr P.H.D. Larry Jacobs and Larry how in the world how in the heck how in the spring Are you well I'm loving it thanks Ryan because the fact that we had this awesome opportunity this week to be able to start shorting stocks we're going to talk about that shortly but it's just an awesome time to be a trader is a lot of activity going on out there yeah you gotta love this volatility a lot of times it's kind of interesting how when I talk to new traders they're just getting involved with this they look at volatility as a bad thing and and let's face it that's because kind of the classic investing strategy has always presented volatility is a bad thing when in reality volatility is how we get paid and you know you look at . Well you look at the markets from a risk management standpoint volatility is a great thing because if you can make a year's worth of money in one month why wouldn't you write me specially without taking on any more risk in that some of the stuff we're dealing with right now with today's volatility Well I'll tell you there's something I always like to say it's not about the news it's about the clues and we've got an impressive clue this week I mean you'll talk a bit more about the whole kind of smoke and mirrors around what happened with Facebook but let's face it right now if I love Facebook at around $170.00 and right now it's dropping to 150 guess what I'm going to love it even more and more importantly what's so great about these times right now is we're starting to see and you know we're talking about this before the show started about the tech industry and how this possibly this need for banks to unload their stocks self you've been buying for a while well might now the stock what the companies want to be doing the big banks more specifically as they want to look to short stock what that means is draw more and more people into buying at all time highs so they can sell against them and they get to take advantage when prices start to fall down so they're actually making profit where most of us are losing money on the way down which talk about that when Ryan Yeah absolutely it's been a it's been kind of a fun last few weeks in and in a class that we do with a lot of our newer students that is exactly in our market breakdown for the last few months we've been fairly heavily bullish in the tech industry and just now as we start to really take some of those profits off the table it's kind of interesting to see Wall Street doing the same thing and and here it online trading Cademy that's what we focus on is really teaching our students how they can be just like Wall Street as far as buying when Wall Street buys and selling when Wall Street sells because let's face it they're just kind of the best in the biz at this whole trading investing thing and this show is so much fun I get excited to do it like Larry was saying we've got a lot of amazing topics that we're going to be jumping into but it's all going to be around money how do we generate more income and a lot of times in the beginning of the show we'll talk about how my mom always told me as a kid not to talk about money so for the next hour hang out with us and we get to be that rebellious 12 year old where we do exactly what our mom told us not to do but in this case. Going to be talking about money and specifically how you the listener can start generating more income and even a word that I want to plug into that is consistent could generate consistent income inside the markets and consistent because markets go up and markets go down and you've seen that over and over especially over the last little week we see you know the Dow down 400 points we see the and then when then you see it come back a couple 100 points if we don't have the skill set to make money in both of those situations then really it becomes difficult to have consistent income the average individual unfortunately makes a ton of money on the way up they do OK on the way up right markets go higher we go up up and up and up and up and the accounts grow but then unfortunately we give it all back following our advisors advice we give it all back rather than profiting on the downside like the professionals do the average investor ends up hemorrhaging giving back 40 to 50 percent of their account so what Larry was just touching on a few minutes ago is is shorting and being able to jump into the market and profit on that downside generate income as markets are falling and bring up kind of the point around Facebook and around around the tech industry it's always interesting we've been buying tech so heavily we're taking profits on it and also you see Wall Street come out and they are quote unquote advising people to buy and they're saying oh well it's time to get in as as we can clearly see that Wall Street is selling and like you said on a trade economy that's what we focus on is identifying what Wall Street is doing so when they buy we can buy and so when they sell we could sell that's what our whole strategy is about so all the sudden it's very interesting and I should say interesting I should almost say frustrating it's very frustrating how how they put out the exact opposite advice so many times you know we've been we've been heavily heavily bearish in the energy industry and we've been more bullish inside the tech industry and now the sun it's time to take profits out of there so when you're buying your shorts back you need sellers when you're selling your when you're selling your longs you need buyers and also on the recommendation start coming around with them too with the 4 for the listeners to jump in on the other side of the trades and one of the things you want to think about with just Wall Street in general. It is just like any other business out there they only Mart when they say hey come buy a Coca-Cola from me or come buy a T. Shirt from us they call it an advertisement when Wall Street says hey come buy this stock they call it like advice they call it an analytics you know perception or whatever and upgrade and upgrade but it really ends up being the same thing it ends up being an advertisement to bring retail consumers to that business to buy the product that that company is selling so when you look at things that way you actually start to see how it doesn't even make sense for Wall Street to give us good advice you have to be right and in fact look at my own experience you know when I 1st came to the catamount myself years ago it was very fascinating I had amazing mentor named Todd Davis and he used to jokingly call me Wiley Coyote I had such an up bias like most of you out there because you've only been taught that when the markets go up you make money when it goes down you lose money and he'd laugh at me because every time even the markets could be crumbling on top of me like an avalanche I'd be looking to buy Now the simple way to get over that is you know you don't like trade economy we've been teaching students how to trade now for over 20 years 40 different locations we teach students how to read price charts RYAN And so as a result you understand where the banks are buying and where they're selling and it doesn't matter how old you are your background where you come from if you're coachable and you're open minded to reading charts and understanding how it really works you know buy low sell high as you mentioned you can make consistent income it's all about making money no matter what direction the market goes so many times we look like I say we look at the volatility as a bad thing and a lot of times to the average investor looks at the drop in the market as a bad thing rather than an opportunity volatility drops in the market those are both opportunities opportunities to generate substantial amount of income and right now we have a half day class coming up in your area and Larry it looks like we got a few passes that we could give away to to some of these classes would you say we do a classic kind of weekend radio given. Way they could be a great idea and let's do it all right well this class retails for $499.00 and we have a couple of those going on right now and we have a few passes to get to give away when you register for one of our HAVE to classes we're also going to throw in the Wall Street insiders kit that makes it so you can get started right now the Wall Street insiders kit contains lessons from some of our top instructors on topics like shorting the markets income generation capital preservation crypto currencies and much much much much more like you say they have to a class retails for 490 $9.00. But we've got a few tickets that we want to give away one for you one for friends you'll be able to bring somebody with you but to get those we need you to call now and be callers 10 through 288-8991 trade 889918723 or register on line at free O.T. 8 class dot com We spent a lot of time on shorting inside of our HAVE TO CLASS and Larry it is a it is a key and I know you're agree with this but I want to it like kind of get one poll some more of this Ph D. Knowledge out of you as far as shorting the markets it's such a key piece to generate income I just want to hear kind of what are some of the students saying or were some of the key components or key steps in this process for anybody to be able to make money as the markets are falling what I found has been most intense like myself when they 1st came to the Academy they've never shorted stock it's almost counter-intuitive some even ask is it legal Absolutely because this is what the big banks are doing every time just think about it if we're looking to go along all the time and we're getting these recommendations these upgrades from the banks that we should be buying clearly there has to be someone on the other side of the trade if we go back to 2008 those banks made tremendous amounts of money simply shorting the market what does that mean that they're selling shares and buying them back in a much cheaper price and as a result I always use this analogy Ron you've heard me say it over and over again to me being a trader right now in this day and age and not understanding or learning how to short you're leaving a lot of money on the table would be like driving a car and all you could do is go forward and drive you could never go in reverse what happens is yeah you'll manage to get around but you can be doing a whole lot of figure eights in circles to make yourself get from point A to Point B. And this is why so many traders struggle all the time because they feel they can only make money and an up market where we teach our students and they start to learn this in the half day workshop class the idea that you can trade and make money when it goes up down or sideways you know there's the old saying don't take a knife. A gun fight will one of our senior coaches E.X.E. Is out of our Atlanta campus is named Steven nice to do a lot of work with Steve and he used to always say if you're just buy if you're just long biased if your portfolio can only make money as the markets are going higher Well then that's not taking a knife to a gunfight that's showing up to a gunfight in flip flops holding a rubber spoon because you really are sitting in a situation where our probability of success especially over the long haul is just greatly diminished it's unavoidable to have these crashes the only way for us to ever avoid a market drop ever ever ever ever is for nobody to ever sell well the only way to take profits is to sell so we have to be ready for a market collapse at any given point in time because with this buy whole sell hot buy low sell high. Methodology being the only way to profit it is never if the markets are coming down it is always when and how big Yeah and let's face it for the last many many many years we've determined about every 10 years we're going to see a major correction let's do the math Ryan last time we saw a major correction was 2008 here we are enthused 201810 years later it's not a matter of will it happen it's going to happen just get yourself prepared Absolutely Larry we got a few more passes we're coming up against a break would you say we kick a couple of these out some of our listeners let's do it right now we've got a half day class coming up in your area that have to a class retails for $499.00 We're giving away a few passes that and so when you get registered for I have to clash you're also going to see The Wall Street insiders kit this is a learning kit that is packed with lessons from some of our top instructors a lot of our students call it the income generator a but it is designed to make it so you can start right now lessons on crypto currency shorting the markets income generation like I say The Wall Street insider kit makes it so you start right away they have to a class retails for $499.00 but we have a few sets of tickets that we're going to be given away so right now we've got 2 passes one for you one for a friend and were thrown in the Wall Street insiders kit but to get them we need you to call now. Callers what should we say callers 10 through 21 to 10 through 20 and callers 10 to 20 we need you to call now and reserve those tickets 889-913-8918 extension 723 or register on line 3 O.T. 8 class. Larry we're coming back in a few minutes what should we get out let's talk about retirement Ryan I mean it's a big topic right now are you prepared to say Absolutely we've got retirement topics coming up right around the break we'll see you guys back here right in the stock Dr be back in a few. The stock market is at all time highs How is your portfolio are you prepared for retirement online training academy a global leader in financial education is giving away free half day classes this week you can actually learn the professional approach to financial freedom with instructors who work the trading floor on Wall Street simple changes to your investments to mean big changes to your income call us now to register for this free half day class these classes are available to you regardless of your current level of knowledge or experience in the markets bill and online trading Academy student said the profits that I have made through my trading has allowed my wife and I to travel the world call now and we'll send you our free Wall Street insiders kit with powerful video lessons to jumpstart your education call the team at online trading Academy now call 889918723 that's 88991 trade to reserve your seat that's 888-991-8723 extension 1 more time 888991 trade or on line at free class dock. Talk. Some. Welcome back if you're just tuning in that you missed Larry the stock Dr Jacobs and shed some light on shorting the markets profiting as the markets are going down viewing volatility as opportunity and market crashes is also opportunity to generate substantial amount of income Larry is the director of instructor development on line trading can. I mean one of the top instructors I call in the stock Dr he's Mr Ph D. My regular guest here on the show we have a lot of fun doing this and whether you're just tuning in maybe your 1st timeless or maybe we've been listening for the whole show Don't worry get excited the best is yet to come and Larry what I'm talking to our listeners sometimes it's via social media sometimes it's you know like I say sometimes via social media sometimes it's in class sometimes over the phone either way a lot of times I'm hearing people say that they don't have enough money to retire you know they go and work through one of those retirement calculators and realize that their way off track and they're going to have to really downgrade that lifestyle come retirement some people do have enough money but they're just not quite sure how to safely invest it what some of the retirement. Kind of coaching with some of the retirement methodology that you love to share with students and you think is probably the most impactful for really anybody who has a dollar inside of these financial markets another great question Ryan to me it simply comes down to the cavalry ain't common you got to sit down right now and figure out what your why is for some people getting myself it's about freedom the whole idea that you've worked your whole lives and now you have to downsize your life is really kind of silly I mean right now there's 3 opportunities to have some money in retirement the 1st one is Social Security we know how that one is working out maybe 2036 and if you are lucky enough to still get it it's going to be at a reduced amount than what you're expecting Secondly some of you out there are lucky and still have pensions The problem is your companies are tremendously underfunded right now and we have cities like Stockton California Detroit Michigan already filing for bankruptcy so a lot of people who have been relying on these pensions from their companies that supposedly set money aside for them may not be there so it comes down to you right now to figure this out how you're going to save money and what I found Ryan is that most people out there don't know 2 things one they have no idea what they really need so that saving at a proper rate of return they're being way