Digital Social Hour - He Makes Millions Day Trading Stocks! | Nour Trades #110

Episode Date: September 22, 2023

On today's episode of Digital Social Hour, we sit down with Nour Trades and discuss him getting robbed in LA, making millions with stocks, and what it was like dropping out of college without telling his parents. BUSINESS INQUIRIES/SPONSORS: [e-mail] APPLY TO BE ON THE POD: https://forms.gle/qXvENTeurx7Xn8Ci9 SPONSORS: Opus Pro: https://www.opus.pro/?via=DSH HelloFresh: https://www.hellofresh.com/50dsh AG1: https://www.drinkAG1.com/DSH Hostage Tape: https://hostagetape.com/DSH LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

What's the biggest L you've taken? 1.5 million. Oh my god. And you also lost a mil on the home invasion, right? Yeah, the jewelry watch. Yeah, they took watches. Well, we're talking big L. Shop of high, Mrs. Ernest here.

And you lost a million on the home invasion. And I just woke up to like three guns to my head. Told me to get up. And then they were like, where's the cash? Where's the cash? And I'm like, I don't know where the cash is. And they just started beating me with the gun, hitting me with the gun,

kicking me, punching me, until they knew that they were going to get an answer. answer or i literally they think that i didn't have the cash you know when you go on trips you leave your luggage on the floor flat open and the clothes but on their way out they just picking up the clothes like this and their hand and running out they're picking up everything my laundry and stuff and they're just running out with everything in their hand and i saw someone come back and grab my cologne welcome back to the digital social hour i'm your host Sean Kelly. Here with my co-host, Wayne Lewis. What up, what up? And our guest today, Nora Trades.

Nice to see you guys. My guy. Professional stock trader. Yeah. How'd you get into that? When I was 16, actually, my friend, his brother worked on Wall Street in the Trump building. And we ended up asking him if we could get an internship. But we didn't care about getting paid. We just wanted the experience. And we ended up getting that internship for like three months that year i was a sophomore in high

school and then we took that internship it ended up being a paid internship from how much work we were doing and yeah after that uh i did the internship again one more time in the winter and then i ended up doing it by myself this was was in New York, right? Yeah, yeah. Wall Street. And they taught you options there? Yeah. So you obviously you need licensing and stuff. So as an intern, you weren't doing any of the actual trading. Yeah. But you got to see what was going on on the floor, what was really going on.

And you get to see how much work goes on behind the scenes. It's not just clicking buttons. There's meetings. There's, you know, different departments in the hedge fund that's going on analytics and it was just a good experience overall just understanding like the basis of what really goes on behind the scenes right yeah and i'm curious is your lifestyle like a roller coaster because i know day traders have a very up and down sort of lifestyle yeah especially at the beginning i like at the beginning i would say like as far as roller coasters was more of the emotion emotional side of the roller coaster and yeah I would let things affect me a lot yeah at the beginning I

just I just over time I learned to control like my emotions right it's at first you're probably losing a lot so yeah and you know and you just don't know what to do like you take a big out it affects you you don't want to go to the gym hang out with nobody you don't even want to answer a call what's the biggest value you've taken 1.5 million oh my god in one it was overnight i was actually in vegas when this happened oh really which one were you in i was at i was at the win and i was in uh shopify you thought it was gonna go down or up i i was up on it i was up maybe like 1.2 million on it yeah at one point and the stock was like 1700 and within like a 48 48 hour period the stock

just every day what was your initial investment like how much was i in with yeah your principal maybe like five million six million wait wait wait so you bought five million of you bought in five yeah shares was okay because I have this is like part of my long-term portfolio on a daily basis on day trading options okay okay yeah oh so this was an option no this is a long-term player why did Shopify crash so much they had just got it was their first missed earnings and I happened to be in that first miss earnings so they didn't report the earnings yeah well they reported and it was just it was like the first one in years where they've like missed expectations and then that night everything just fell through and i'm in vegas trying to have a smile on my face with my

friends i'm just looking at my phone every five seconds i'm like no way and you and you also lost a mill on the home invasion right yeah the jewelry watches we're talking big else we're talking big else here aren't we shop of high mrs ernest there and you also wait but i saw this on the news i gotta hear what happened from your point of view the home invasion so it was out in la i believe it was west hollywood um and yeah it was like 2 a.m it was a b&b or you you were staying there yeah it was an airbnb that's always how they do it right yeah yeah and yeah i mean it had fell asleep at two o'clock and i just woke up to like three guns to my head and i just hear

yelling like it's you know when you're in a room and someone comes in yelling he's yelling at multiple people yeah it's just me and i just hear so much yelling i'm confused when you wake up in the middle of night like you you're still you feel like you're still in a dream so i woke up i'm my contacts are still in i'm trying to clear up my eyes vision is blurry and then i woke up and he's like get up get up get up get up and i ended up getting up putting my shoes do you have a ton of long-form content that you want to turn into short form well look no further than opus pro this site's been a game changer for me as a podcast host check out opus pro in the description down below 50 off it's helped me make clips it's helped me make them

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who's on first taking my time like it was just a whole dream like things just went too quick but they came looking for cash because i had just come from the hard rock in florida yeah and i had like four hundred and thirty thousand dollars so they knew who you were they probably definitely knew who i was because they kept asking me for the cash but how did they know you were there so i never post live like for example i'm in vegas right now but i'm still posting la good right that's just how i've been doing this for years that was the one day where like i posted that i was in la and i kind of showed the view ah yeah and then i guess they picked that they had like 12 hours to figure it out so wow that's how they knew so they stalk people's profiles and if they

see you're asking where they know they can go on Airbnb to and just kind of see you know I always show you the view it's easy in LA though you go up a hill by the time someone calls the police they're not gonna be there within 30 minutes yeah right so it's too easy for them in LA and they're not gonna find anybody now it goes on in broad daylight they know this is at 2 p.m. in the afternoon 2 a.m. or 2 a.m. Yeah, I was sleeping Wow, and they just brought you outside basically Yeah, well no not outside They just told me to get up and then they put me on the floor and then they were like, where's the cash? Where's the cash and I'm like, I don't know where the cash is

But the cash was in the dryer Mm-hmm And they just started beating me with the gun hitting me with the gun shaking me punching me until they knew that they were gonna get An answer or I literally they think that I didn't have the cash and then on their way out they just you know when you go on trips you leave your luggage on the floor flat open and the clothes but on their way out they just picking up the clothes like this and their hand and running out like think about that so your random clothes yeah just pick bro my like my underwear designer though right yeah designer but like they're picking up everything my laundry and stuff and they're just running out with everything in their hand and i saw someone come back and

grab my cologne they didn't want to leave nothing it was like nah we gotta leave him dry yeah so you didn't find out who it was so i have five phones yeah they took four and dumped it on the street but i guess one of them didn't realize but they took one of my phones back to their apartment it was in downtown la and if you do do the location thing they were like 20 minutes away yeah so they made the run for it but yeah I mean I the police never found out who they were but why do you have five phones just to separate business family and just yeah but that's like business family that's like two it's like sometimes you know when you want to

not give someone your phone number yeah so you give them the not phone number one of those that's three you do that to me

no no you were calling the not phone number that's funny bro yeah so you move differently now honestly I move

the same because I was doing everything right it was just that one day I guess I slipped up but I can't even confirm that's what

happened so that's the only guess I have in my head that that could have been how they found me that's wild so how do you feel the current um the current positions of everything right now when it's uh regarding stock as far as apple i think apple's up what like 48 or 43 percent oh like as far as like year over year yeah oh yeah like Apple's at all-time highs right now yeah yeah yeah Microsoft just announced a new product for the first time in time VR to VR glasses to stock up from that uh no they went up at the beginning but like the thing with Apple a lot of people because I've owned Apple since 2017 and I've only added to the position okay so they

were up in the morning so Apple's a long-term play for you yeah yeah for sure so like they were up in the morning but the thing what apple people don't understand it's it's by the rumors sell the news always like even at their iphone events they can announce the new headphones the new vr they end up taking the dip it's just it's just a natural characteristic right wow if you just look at their history i didn't know that um but yeah they announced their new product you're not going to see any type of, you know, inflow from that product because it doesn't even launch until next year. Yeah, 2024. But yeah, it changes the game. If you compare it to any type of VR headset out right now, it's nothing alike.

It looks sick. Interactive. There's no controller. Control in the app. It predicts your thoughts, right? Yeah, when you look, you move your eyes. So yeah, it's equivalent to how the Apple phone is set up so you get to actually see your apps right in front of you now that's why with them like right I'm gonna get one for sure

yeah they're expensive though 3500 3500 yeah and you can grab things with your hand and then you can FaceTime now and they can still see your face even though you have the goggles on no way yeah and then as you're FaceTiming on the thing you can actually work on your whatever you're doing a presentation and you can watch a movie and take up the whole room if you wanted to as you're working and being on it's insane are you in microsoft too no i'm not but microsoft has been great stock it's up 38 percent right now microsoft killing it um nvidia's been killing it nvidia yeah yeah i mean i mean ian's big on the video who's he in dunlap from earn your leisure yeah i mean the videos i wish i owned nvidia back in 2017 yeah i made a little bit of off of that

but definitely that should have been definitely like a long term but my biggest long terms have been apple and tesla oh for real yeah on you and tesla too yeah yeah i've owned it for years though so like i just add on the dips whenever the market gets a correction or whatever i just keep adding to the position how do you feel about pre-ipos uh so it was funny is i didn't even get into that until like 2021 my mclaren was parked outside and uh you heard him you heard him my mclaren was parked outside it brings the right connection like someone was waiting at my car and they worked at a pre IPO hedge fund I completely forgot the name but they call you and let you know our discords going public so this was going public they let me know that uh you know Tesla what's that stuff what's there's

not there rocket rocket mortgage no no the you know how Elon Musk has another space X space X space X is going public that's like it's gonna be like a thousand dollars yeah but they don't even profit yeah I mean they're gonna go most companies I go public don't even yeah how would they profit though well I mean he's he set it up as a 501 3c right now it's a charity allegedly yeah so I just got into that for sure so what's your strategy because i know you do the options but like you have long-term back so what's the percentage breakdown on your portfolio so as far as long-term basically what

i make from income i'll throw that in there and then i can roll my money into long-term stocks because you get taxed differently on the long-term stocks right and if it's more than 12 months then it's considered you know a long-term uh asset so i get taxed instead of basically 40 when i was in new york right at one time it's like 25 closer well closer to 30. but that's a big difference in california well i don't i don't report my taxes out of california okay um but yeah florida there's no state uh tax but new york there are in new jersey at least was seven percent yeah so and on top of federal because you're at the top the highest bracket you still have to pay seven percent

right and then las vegas there's no state tax yeah so that's a big difference seven so you basically take all the profits you make from options put it in a long-term stock either that or properties properties yeah so you're in real estate heavy we're kind of not heavy I'm just starting to get into it I'm trying to buy a house once a month now I went that's pretty heavy I mean once a month yeah it's 12 houses a year yeah yeah but you gotta once you once you get to certain numbers everything has to be set up under a trust correct yeah yeah um and then as far as uh like properties i want to get into commercial real estate i haven't got into that yet but land or actual buildings

buildings because like i have someone that manages 800 million dollars of properties in texas he's like a family friend though like he's not public on social media or anything but they just bought a building for 5.4 million, he was telling me. And then in seven months after they do the refinance and, you know, all that good stuff, they ended up selling it for 7.3. Wow. That's not a bad flip. It just scares me though with COVID because I feel like a lot of businesses are remote now. Yeah, exactly.

So you see commercial real estate, you know, thriving? Well, I personally don't know too much about it, so I can't really speak about it. But he's been killing it in the commercial real estate and he keeps asking me to, you know, come in. But the down payments on commercial is way crazy figures right yeah easily yeah higher possibly depending on the property yeah like a chill one he was telling me like half a million jeez and you're probably aiming closer to a million though and having that money tied up you could make that day trading that yeah so that's that's also like for example you're into crypto right yeah you'll look at other investments and be like I'm good or you'll be like that's that's risky or you look

at it differently for me it's the same thing like if you're not familiar with something and you've known to do one thing right your whole life right for me to get into crypto for example so you're not into the crypto side I am a little bit but like not enough where i can fully devote like a lot of my money into that space like at one point i had about 350 000 in ethereum and like 120 000 in bitcoin and i just kept it in there and then i was also gambling on stake using that money so i ended up pulling that money out but yeah i'm not fully devoted to that i look at it differently gotcha what was it like going on the Fresh and Fit podcast? Yeah, it was dope.

I mean, they asked me to bring girls on the podcast and stuff like that. They asked you? Yeah. Did you bring girls? No, no. Why not? I got a girlfriend. Oh, okay. He's loyal.

You didn't bring your girl on? I mean, that doesn't mean he's not loyal. That's just part of their podcast. Yeah, but you see how they get on that show. Yeah, yeah. They go crazy. Fresh and Fit, I like those. Yeah.

Yeah, if you brought your girl on, she'd get attacked. Yeah yeah it probably wouldn't be the best i was like no i think it would just be solo and then yeah we talked about it uh it was definitely a great discussion though what about elon musk how did you meet him so i didn't actually get to like meet him meet him but i i said hi to him at, what was it called? It was a restaurant out in LA. Delilah? No, it wasn't Delilah. I don't think Elon goes there.

You know what's crazy? He was sitting at the bar alone. Really? Yeah, and I was with my friends. Allegedly. He probably had a sack of them. Oh, yeah, you never know. But he literally tweeted when he started talking about exposing different things on social media when he was on Twitter.

I don't want to say specifically, but he all right I finally want to get security right so I think Elon's actually been moving without security for the last what like 10 years now wow yeah I feel like you would at his level it doesn't even cost much yeah I mean any I mean I think he looks at it like I don't wear any jewelry like there's no reason for anybody to attack Elon Musk but I guess nowadays since he talks about you know General subjects that right aren't cool with you know the general public he believes that he needs security yeah are you worried about AI just taking over the stock space so I thought about that and someone actually asked me that before if you think about it though if AI took over and you know all of ai made the same decision how would anybody make any money from ai right it's like for example i make money

owning another person that makes a mistake but it just doesn't make sense if like everybody made the same move or every ai like ai would basically do all the trading for you right there's already bots that's doing it now oh yeah it's been like that for like 20 plus years like as far yeah there's been bots for a while right yeah so it's not technically ai but like they have order programs for the last i want to say at least 20 years where at every millisecond hedge funds are buying millions at one cent and selling it at another cent back and forth throughout the day every millisecond even if it's it's like 0.2 of a cent they're doing that yeah it's a millisecond yeah and that's been around for 20 plus years i've watched documentaries on that especially when i first started i was really interested in that but the ai thing i just don't believe it'll work when it comes to trading

um i just don't see it because when you when in crypto, right, and you buy, someone else is selling, right? And if all AI makes the same decision, how can anything make that type of move for you to actually profit on? Yeah, it'd be interesting to see if it takes over. How do you feel about that? there is uh there's a bigger play there in regards to them actually making moves and like trading just because it's able to read the charts better than human beings so it knows that when there's going to be a downturn you know upshift just kind of reading the charts way better than we are and faster so you're talking about more efficient more intricate human here but i like how you're saying it though that's perfect but the like you're saying it ai versus human yeah that will always lose exactly ai will always win yeah but if ai is

released for example there's you know i must one day everybody's going to have access to that ai so what if everybody has ai and they want to you know oh you're talking about once the masses get a hold of ai then it won't take over even supply yeah even supply hedge funds have had that program for 20 years and the yeah exactly so that's what he's saying so basically the thing is is once AI is actually implemented it puts us on the outside looking in because we're yeah at it at a disadvantage just because we're some of us won't have access to that software for sure so we'll be losing our trades to ai yeah like hedge funds will probably

get the ai first right yeah for sure as far as that that's 100 ai will always be ahead 10 steps ahead of you right versus humans but i was i was thinking more of like further on in life when everybody has access i'm talking about as a noun because i feel like they're already using it yeah they might be yeah i mean come on bro yeah they have everything like honestly earnings for example when you see earnings in a company reports earnings at 4 p.m when the market closes exactly before you even get the news did they hit earnings did they meet earnings did they skip earnings whatever the case may be the stock has already dropped or popped within that millisecond right because they have a bot or you know they have programs where it gets the news the fastest and the and the program

reacts to it right they don't need they have keywords yeah they have wow pay attention to like earnings like for example when nvidia just reported earnings the other day maybe like a week ago they hit earnings and then they reported you know they're gonna beat expectations on their guidance for the next three months within that millisecond they'd pop sixty dollars nobody's able to get into that but that's the hedge funds having programs that use keywords and all this other stuff that they put together and then they're the first to be in that stock wow so yeah they always have the head start yeah so that's why i think it will be we'll be at a disadvantage and always it's always the people with money that have an advantage i think oh yeah for sure if you weren't doing stocks what would you be doing rapping i wish but uh i would

say uh i mean i was going to be a doctor oh Oh, for real? Yeah. Wow. You kind of look like a doctor a little bit. I can see you being a doctor a little bit. Yeah. I can see you with your scrabble on it, you know. That's a big change. I was in school for it. I was a pre-med student. Oh, for real?

Yeah. Ended up going to medical school or anything like that. But that was the goal. And I'm also, you know, Arabic, you know, or Arab nationality. So that's kind of what they put you in the house for a lawyer doctor yeah and that was why that was what that was the target mom still wants me to be a doctor do you want to be a doctor I mean later on in life when I'm like retired I just want to do it for my doctor when I'm

retired yeah that's the first like 30 though you want to tire 30 yeah around there so you don't want to work until you die i'll have like you'll be making money yeah residual income where it's enough obviously uh when it comes to day trading and the money i make from that it's hard to give that up right so i mean we'll see one day but after all that i just want to educate myself rather than do it for that degree so that's why i want to go back and become a doctor. Nice. Do you want to educate people on the benefits of learning about the stock market and day trading, especially people of color? Because we tend to be lacking in that area always. For sure.

So are you interested in doing that, or are you making the proper steps to educate? Yes. Well, first of all, I'm African-American. I'm Egyptian. So where i grew up it was mostly color so i'm trying to go back to schools giving you know those talks to kids because everybody just doesn't want to go to college and that's i just don't believe that's the right choice you know what i mean like just to say offer if you don't want to go to college

right now do i believe you know college isn't going to help yeah like we all talk about that how like you know college is a scam you'll see that online but i still you still can't just put college to the side and just be like i'm not going to college i'm just going to do whatever and get a nine to five now you're working for the rest of your life if you don't pick up a skill or you know learn something or educate yourself on something you have to go to college and the best thing about college is when you come to college i went to college for two years but i was still trading and at that time i was making like five thousand dollars a day and i was still in school in my dorm room but that was my choice you went to college for two years and dropped out well i dropped out because of covid

oh you did yeah and you never went back no so you dropped out yeah yeah yeah yeah but i i still i still made a decision and said i'm gonna go back to to school. But you're going back when you're 30. Yeah. After you retire. After you done made more than $100,000. So it's a choice at that point. It's a choice. But I don't believe the average person can't just say, I'm not going to college.

Because when you go to college, you start learning, all right, how am I going to survive on my own? What things can I learn while I'm in school? You've got a lot of different times. You start meeting different people, different minds. when you're not in college and you're done with high school who are you gonna meet you know what i mean you're not gonna be in the right places meet the right people there's a lot of kids in school that for example i went to this specific college because when i interned every single person on wall street that i knew personally went to the same college as me and joined this joined a frat at my college yeah i ended up doing that that was the worst decision of my life but why that's not my life

the crazy things that they do and stuff like that i never thought i would do stuff like that yeah yeah it wasn't it wasn't something i look forward to for sure but i ended up doing it i got the experience something that i could look back on and say i you know i did these things and i ended up going to the school meeting other people who came from the same frats you know the instagram rap yeah so my friend owns that daniel daniel snow yeah squill was you know matthew squill yeah that was my partner a couple years ago they created a goat case yeah and those people came from the same school as me wow you meet different types of people who can put you in different areas and dan snow and matthew school met at the same school they ended up making a company called gold case and they did a revenue of 30 million dollars so it gives you the benefits

right it is good for networking yeah absolutely in that aspect but you have to be a networker yeah you have to go there with that motive for sure most people don't i think it's subjective i mean to even being being able to communicate as a gift now because most kids are on their phone phones you know what i'm saying so in that case i see exactly what you're saying but then there's also cases where college is not needed and it's becoming more evident that not to say it's a scam but it's just everybody don't need to go to college it's not everybody's dream you know but in your case absolutely like you're going to school to be a doctor but then you also was placed in an environment to where you got some kind of roadmap or some kind of blueprint to where you should be going

that's that's not you know everybody don't have that also with college there's only a few degrees that you would have to go to college for so like being a lawyer being an engineer being a you know chemical engineer doctor exactly stuff like that makes so much sense to go to school yeah everything else doesn't really like going to school for art or communications you get what i mean like like have you heard of artlanta no miami whatever he never went to school but he's the biggest artist out in artlanta black dude my god yeah he just did the Rolls Royce yeah I met him in cars yeah anything no Sean he just said Rolls Royce he just did like a splat paint yeah yeah yeah and I'm and what's funny is I met him in back in 20 he offered to send me a painting and back in 2020 nobody knew

him wow and now he's the biggest yeah he's big that's wild yeah and I think he ain't having to do an art that long right like no like two i think he ain't having to do an art that long right like no like two three years he didn't go to art school no he didn't even go to college wow now he's in dubai painting million dollar cars he just did a bugatti in dubai yeah he's going crazy right here what was your support system like when you said to your parents i'm going to be a professional stock trader oh definitely not oh man yeah i didn't even bother telling my parents when i dropped out they had to notice over time like because like it was online classes and at the time i was still living at home because i'm just a kid i'm like 19. yeah and uh my mom starts

noticing that i'm not doing any type of classes i'm just working in the morning just handling my business traveling she's like when do you have time to go to class and I guess she called the school found out that I dropped out or I haven't showed up she started crying that day my dad took it a little bit differently because I feel like my dad understood and he never went to college and you know he he ended up coming here and grinding as an immigrant so it was different for my mom because you know when your parents or someone that doesn't come from something or doesn't get to go through something, they want their kids to experience that. And that's how my mom felt like, all right, I got into a position to put you through college. You should go to college. We didn't have the opportunity when we were younger.

What are some things you feel like you do daily that motivates you or keep you motivated wanting more and to kind of you know weed out the bs that happens in the world like what keeps you grounded just helping others like my my ultimate goal in life is to build as many schools as possible in africa and yeah that's just like that day comes where i'm fully like retired that's going to be like my project i want to live out there i want to be out in different countries in africa and obviously throughout the world but yeah africa would be like my first target and i would love to like just sit there and get to devote my time they keep saying africa is going to be the place to live you think so that's what that's what i keep hearing and reading and saying i mean it's probably got the best nature in the world right yeah how do you been

there they're modern yeah i mean i've been to sudan i've been to egypt but as far as like other countries in africa i have i want to go to south africa you know that's not really africa but it's in africa the counts yeah but yeah i want to definitely just explore the world after and love that man do that man that was a blast any closing comments yeah i mean everybody out there that's watching this just you know keep crying in you know keep devoting your time to whatever you love and you know focus on you and you know don't worry about who's ahead of you who's behind you and you know just keep grinding all right wayne thank you guys for watching the digital social hour thanks for tuning in guys i'll see you next time peace