The Trading Industry Is Built on Your Losses... | Nour Trades | DSH #1912
36 min
•Apr 12, 20267 days agoSummary
Nour Trades discusses the predatory practices of influencers like TGR and FX Alex G who sell funded trading accounts to minors, exploiting their lack of financial literacy. He contrasts legitimate regulated trading on platforms like Charles Schwab with unregulated offshore forex schemes, and shares his own trading success while launching a regulated prop firm to reform the industry.
Insights
- Influencers monetize trading education through affiliate commissions on funded accounts rather than actual trading profits, creating misaligned incentives where they profit from user losses
- Unregulated offshore trading platforms enable fake account demonstrations that appear legitimate to untrained viewers, exploiting the knowledge gap between retail traders and professionals
- The trading education industry lacks transparency about revenue models, with most influencers earning more from course/account sales than actual trading, yet presenting themselves as successful traders
- Regulatory arbitrage between SEC-regulated US markets and unregulated forex creates a two-tier system where legitimate traders use transparent brokers while scammers operate offshore
- Young traders lack the critical thinking to distinguish between entertainment-driven social media personalities and actual trading competence, making them vulnerable to predatory marketing
Trends
Rise of unregulated offshore trading platforms targeting Gen Z retail traders through social media influencersShift from course-based trading education to funded account affiliate models as primary revenue stream for influencersIncreasing regulatory scrutiny of prop firms with lawsuits exceeding $100M for fraudulent practices in FloridaSocial media personality-driven trading education replacing traditional broker education, prioritizing entertainment over competenceExploitation of minors in trading through parental credit card access to purchase funded accountsEmergence of legitimate regulated prop firms as counter-movement to unregulated offshore competitorsQuant trading and algorithmic trading becoming accessible to individual traders as alternative to manual tradingGrowing awareness among experienced traders of predatory practices, leading to public callouts and debate challenges
Topics
Funded Trading Accounts and Prop Firm Business ModelsUnregulated Offshore Forex Trading PlatformsTrading Education Influencer Marketing and Affiliate CommissionsSEC-Regulated vs Unregulated Broker ComparisonRetail Trading for Minors and Parental Credit Card FraudOptions Trading on Regulated ExchangesQuant Trading and Algorithmic Trading SystemsTrading Community and Live Trading StreamsCryptocurrency and Bitcoin Investment TimingPersonal Security and Home Invasions Related to Wealth DisplayWealth Management and Relationship DynamicsTrading Psychology and Emotional Risk ManagementAI and Machine Learning in TradingBot Trading vs Legitimate Algorithmic TradingRegulatory Enforcement Against Trading Scams
Companies
Charles Schwab
SEC-regulated broker used by Nour for legitimate stock and options trading with verified real accounts
Moomoo
SEC-regulated trading platform mentioned as example of legitimate broker for stocks and options
Bloomberg Terminal
Research tool used by Nour for stock research and AI-enhanced market analysis
Herald FX
Unregulated offshore forex broker used by TGR for fake trading demonstrations in his content
Lambo Royale
Trading education influencer who previously worked with FX Alex G before they split to pursue separate ventures
Traders Domain
Bot trading service that failed and caused significant losses for users who purchased trading bots
People
Nour Trades
Guest discussing predatory trading influencers, his $350K+ monthly trading income, and regulated prop firm launch
TGR
Criticized for selling funded accounts to minors and using fake offshore trading accounts for social media content
FX Alex G
Called out for similar predatory practices of selling funded accounts and fake trading demonstrations
Ethan Durand
Mentioned as example of trader who faced legal issues for selling bot trading systems that failed
Dave Portnoy
Referenced as example of honest review format that Nour attempted to replicate with restaurant reviews
Quotes
"The whole idea is you're only making money if people lose. When they buy an account and they fail it. So why would I bet on people failing when the whole point of me starting all this was to make people successful?"
Nour Trades•~15:00
"People like TGR and FX Alex G are both selling online a dream. Trade now you'll learn how to trade and be just like me. So you can afford a Lamborghini. That's all he's been posting. And he's selling that dream."
Nour Trades•~18:00
"I have a hundred thousand dollar bet for anybody. If you can set this up, I'll make this the biggest event. I will put a hundred thousand dollars of my own money to any individual that could come and sit there with me and show me that they really trade."
Nour Trades•~22:00
"It's a fake account. Terrible. It's an offshore unregulated account. People are so uneducated, they can't see it unless you're a trader."
Nour Trades•~25:00
"When I trade stocks and options, you know that it's regulated by the SEC. I trade on Moomoo. I trade on Charles Schwab. These are all regulated brokers that you can't play around with."
Nour Trades•~27:00
Full Transcript
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What used to take five separate tools, ShipStation does him one. Go to ShipStation.com and use code START to try ShipStation free for 60 days. All right, guys, back on the show. We got Nora Trades. It's been two years, dude. Holy shit. Grew out the facial hair since I've seen you. Oh, yeah. I look like a baby. I think you were fully shaving last time. Oh, yeah, I was fully shaved. I started my beard right after. Holy crap. What caused you to kind of just go all out? I looked like a kid. Things have to change a little bit. You got to mature a bit, huh? Yeah. I mean, we still both have a baby face. I got a baby face. I feel like it sucks in your early 20s, but as we get older, it might be kind of useful. Yeah, yeah, yeah. I've been thinking about it. That's the positive. Yeah, because I'd rather look younger than older, right? For sure. And everybody complains about that after 30s. Yeah, 100% though. What's new, though, bro? You've been up to a lot. Been up to a lot. Been building everything almost like I'm starting from zero, but I'm not starting from zero. I've just been grinding and I've been calling out a lot of people. That's when I texted you again because I was like, this guy's angry. So what caused you to start calling people out? I'm just tired of seeing the BS. When I first started, it was none of these TGRs. And then you got TGR torquing on Instagram and TikTok now. And he's got the little kids in a chokehold right now. So I decided this time to speak up. Yeah. So how did TGR blow up? What was his story? I didn't really look into him. He has a personality, which is amazing for social media. It's easier to sell when you're one-on-one having a personality with other people because they'll look at you as a regular person, which is great. But it's the fact that he's using that to his advantage so that he can steal from younger kids, especially kids that are like 14, 15 are now trading because they use their parents credit card and stuff like that to buy these funded accounts. So he's been just taking advantage, having that type of engagement online. Wow. So he gets these kids interested in trading and then what does he do from there? He makes them buy funded accounts. So funded accounts are basically access to capital that you wouldn't have. So for example, you'd buy a $50 account and have access to $5,000. So instead of using 5,000 of your own money, using 5,000 of a prop firm, which is demo, obviously it's not real money. But since it's only $50, these kids are buying 10 accounts a day, 100 accounts a week. It just works like that because they keep swiping that card. Wow. So that's how he's making his money? Oh yeah. And he's selling enough for those to make like showing on Instagram all those cars. You see how many times he posts a day? 10 times a day. Wow. Holy shit. That's more than me. I post a lot of clips, bro. That's more than me. Use TGR code literally 10 times a day, different prop firms because he has a deal with everybody now. Wow. So he sells account for $50. So he must be selling tons of them. Oh yeah. I mean, I would assume thousands a day. And what's his cost? I'm not you think, if you had to guess. Well, these aren't even his prop firms. He's just getting a share. So he's probably getting like 40% I want to say from all these accounts that are being bought. Wow. And accounts could cost up to like $500 because you can access the 200,000. And I'm sure you've been offered to sell these too. Oh, years. I've been offered this since I was, I just started in 2018. You have to remember when I started, there was only like three other people online. And I was the hottest at the time. So when I was around, they offered this and I could have made millions and millions of dollars every year. But the whole idea is you're only making money if people lose, for example, right? When they, the only way prop firms make money is when they buy an account and they fail it. So why would I bet on people failing when the whole point of me starting all this was to make people successful? Yeah. You get what I mean? There's a lot of drama right now with these online casinos and this exact issue, right? People signing up these kids to online casinos. But the thing is with casinos, you know, you're gambling. The word casino is in the same sentence as gambling, right? So you know that you're going into this and you know that you're going to lose. People like TGR and FX Alex G are both selling online a dream. Okay, trade now you'll learn how to trade and be just like me. So you can afford a connoisseur that, for example, that's all he's been posting, right? And he's selling that dream. So people buy accounts when you say the word casino, it's completely different. People know that when you go to the win or you go to the hard rock, there's a high chance you're going to walk out with no money that night. Right? That makes sense. Yeah, there is a difference. You're right. Would you, would you debate with them? Have they responded to your videos? Nobody wants to sit in the same room because they're not as educated. They're not educated at all. Damn. So if I texted Alex, you don't think he'd do it? I have a hundred thousand dollar bet for anybody. If you can set this up, I'll make this the biggest event. Okay. I will put a hundred thousand dollars of my own money to any individual that could come and sit there with me and show me that they really trade. Really? So you don't even think they could trade? No, not at all. TGR was a depressed kid growing up because he couldn't figure out trading, which is perfectly fine because if you start a business, you start a podcast, there's always the downs before you go to the ups. Right. The thing is, instead of focusing on a craft that you can become good at, in the future, people say F this, I'm going to start selling something since I show people I can trade, quote unquote, because I'm posting charts, posting profits, but I'm not posting any losses. Let me just sell people on this. And obviously he had plenty of courses that he sold prior to this fund. Wow. Because when you look at his WAP video, I don't know if you saw that documentary of his lifestyle. He was trading on it. So people would assume he's good at trading if they watched that video. It's a fake account. Terrible. It's an offshore unregulated account. Wow. That's the thing. People are so uneducated, they can't see it unless you're a trader. So if you're a trader, you know he's trading on Herald FX offshore. If it's offshore, it's unregulated. So they can put 500,000 in his account and keep refilling 500,000 because it's fake. People don't understand that. When I trade stocks and options, you know that it's regulated by the SEC. Yeah. I trade on Moomoo. I trade on Charles Schwab. These are all regulated brokers that you can't play around with. There are no deals you can make with these companies because they're publicly traded companies. Wow. That's nuts. So these kids can't even trade. That is crazy. No. I can't believe that, dude. No, not at all. And FX Alex, he used to work with Lambo Royale and they had like a big dispute. So they ended up splitting up. I heard of Lambo Royale. Yeah. What happened without him? Alex was his assistant basically and Alex kind of learned the trading world and how much he can make from that. So he decided to move away from Lambo Royale and do his own thing. Wow. That is nuts. Well, Alex, you've been on the show. You're probably going to see this if you want to take the challenge 100 grand. So what would they have to do exactly? Well, they just let's all sit in a room. We'll throw a free event in Miami. Trade on a big screen in front of everyone. We'll use a regulated broker so everybody knows it's real money and we'll show the progress from Monday through Friday. Dude, that would be viral. You should definitely do that. Firing, bro. And I've been trying to set it up, but no one even wants to sit in the same room and have a conversation. Do you ever think about the risks you didn't take buying Bitcoin early and best thing after 2008 loading up on NVIDIA? AI is changing jobs. Markets are all over the place. Nothing feels guaranteed. And at some point you realize no one's going to save you. We're kind of the FOMO generation, but here's one thing you don't want to miss protecting your future. If you're new to life insurance, you're not alone. 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What used to take five separate tools, ShipStation does in one. Go to ShipStation.com and use code start to try ShipStation free for 60 days. Damn, those are the two biggest right now, right? You say Alex and I. And it's not about biggest and not biggest, but it's the problem with the influence that they have. It's not about them being big that I'm calling them out. I've been big for eight plus years now. Yeah. And you can go to WAP and ask them how much I mean, my revenue has not decreased. So for me to do this is not to make more money. I'm just trying to prove a point that they can sit in the same room and show everyone right there live that they actually make money for trading. Yeah. You're like an OG in this space at this point, right? Yeah. Even though you're young, I mean, you've been in this game for a minute. For a long time. I feel like people in the four, would you say Forex space or? Well, I'm in the stock option. But they're in the, the Forex is the biggest right now. Yeah. Because that has more volume or? Yeah. It has more liquidity, they would say. Liquidity is the amount of dollars being traded every day. And that being said, there's so many offshore accounts that people can use, so many funded and it's not regulated by the SEC. So there's so many funny things that can happen with Forex versus anything that can happen with stocks and options. Has anyone gotten in trouble yet in that space, Forex? Yeah. If you look up lawsuits in Florida, you could see that a few people have, you know, a few funded companies have been sued for 100 million plus. Holy shit. Yeah. Just for the pro firm stuff? For sure. Wow. That's crazy, man. Any crazy trades for you lately? I know last time you came on, there were some wild stories. Well today alone, I'm up 70,000. No way. All right. Show the camera this shit. And this is on a verified exchange. Charles Schwab. Let's go. Yo, this guy brings the receipts. Receipts. That's why I like having you on because a lot of people cap, bro. Look at this. Charles Schwab. You could even look at it. Holy shit. All right. So I'm looking at this. Yeah, MU is Micron Technologies. Correct. They had a big day today. $70,000. Was this options or was this straight stock? Holy shit. And just make sure you swipe so when they ask you if it's a real app. What do I have to swipe? Swipe up? No, yeah, it doesn't matter. Just make sure you use the app. Yeah. Oh yeah. It's not a screenshot. No, no, I'm clicking the tabs. Yeah, it's the real app. Holy shit. Yeah. How many hours did you spend trading that? I had an early flight today to come see you. So I've only spent an hour, I want to say. Oh, maybe like 30 minutes. An hour to make 70k. 30 minutes to make 70k, guys. Crazy. What's the month looking like? You up? Yeah, I'm up right around 350. Okay. So it is a big day. Wow. That's nasty. And what's the typical month? Right around 250 to 400 maybe. That is fucking crazy, bro. June is still my best month right now. I finished that around $530,000. What happened that month? Just insane movements every day. Every day was Tesla, Tesla, Tesla, Tesla. And Tesla is my favorite stock. The liquidity in that, the type of volatility you get, you can see this stock move $20 up at the beginning of the day. By the end of the day, it's down $20. Wow. You always get the movement. You've gotten a lot better in the past two years. Oh, yeah. Because I think you were making like low 100k, 200k when you came on back then. I would say 200k. Yeah. But I always had some volatile months though. Right. So you're like almost double now from that? Yeah. Holy shit. What, did you change any specific, did you learn new techniques or? Honestly, it's all about scaling and it's not a one, two, three thing. Like the last time I saw you was two, three years ago. So it took about two, three years to kind of double up and make this my average. Even though I had those months in the past, it's on my average. Right, right. And it's just all about scaling. And in options, you have to remember liquidity is always an issue. So if I want to get in with a million dollars in options, it's pretty hard on a lot of stocks. But things like Tesla, I can figure out ways, but to make more, you have to realize you're going to lose more on bad days. Right. So I need to know how to deal with those emotions, how to deal with seeing that on my screen, not chasing those L days, because some days I'm going to lose $30,000, $40,000. Yeah. You kind of have to be at peace with that, right? Yeah, you have to. That's part of trading. Yeah. But in the long run, you know, with your skills and your knowledge that you'll make it back. That makes sense. Are you using any AI yet, whether it's on the resource side or the trading side? No. And people always ask about that. Like, will AI ever take over trading? And my answer is we've always technically had AI, especially in the trading world. So if you go back in time and you look at what's going on, there are computers at these institutions and hedge funds that are trading every millisecond and you know it's been around for a long time. So that's been around. But if you really think about it, AI, what is that going to do? Do more research for you with trading or is it going to actually trade for you? If everybody's running AI to trade for you, I mean, where is the market going? You know what I mean? If AI all the AI's decide to go long on something, it's all going in one direction. I don't see AI taking over hand to computer, you know, type of thing. I think AI will be something that can help you do more research. You know, Bloomberg Terminal, I use that. So Bloomberg Terminal adds more AI or adds AI to their platform. It can allow you to find stocks quicker that are moving or having a breakout, whatever the case might be. I just don't think it'll take over just one-on-one trading. Do you think it'd be hard to teach your skills to an AI model, what you know and how you trade? No, because you can sit down with a coder. Like I have, it's called quant in my world. So there's quant traders and I have an employee that's a quant trader. He actually doesn't even wake up in the morning anymore. What? Yeah. So it just trades for him? Trades for him. And it's doing well? Amazing. Wow. Yeah. But you got to update it, right? Or also... Well, update it as far as if you find better probability trades. He's a coder and that's what you call quant traders. So he's been going after it, editing it, trying to make it perfect. Damn, I need to look into that because I'm filming all day. So I need something where I can, my money just works. You know what's funny about that? That's actually another big thing that Miami traders like to do. They sell a bot that trades for you. Oh yeah? Yeah, the difference is... Do you ever think about the risk you didn't take buying Bitcoin early, investing after 2008, loading up on NVIDIA? AI is changing jobs, markets are all over the place, nothing feels guaranteed. And at some point you realize no one's here. I'm going to save you. We're kind of the FOMO generation, but here's one thing you don't want to miss, protecting your future. If you're new to life insurance, you're not alone. Thankfully, I found select quote. For over 40 years, they've helped more than 2 million Americans understand their options and secure over $700 billion in coverage. As a broker, their mission is simple, to find you the right insurance policy at the best price. And they work for you for free. You can even get same day coverage up to $2 million with no medical exam required. And even if you have pre-existing conditions, they work with companies that can help. Life insurance is never cheaper than it is today. Get the right life insurance for you for less and save more than 50% at select quote.com slash dsh. Save more than 50% on term life insurance at select quote.com slash dsh today to get started at select quote.com slash dsh. 500 orders a month was manageable. 5,000 is madness. Embrace intelligent order fulfillment with ShipStation, the only platform combining order management, warehouse workflows, inventory, returns and analytics in one place. What used to take 5 separate tools, ShipStation does him one. Go to ShipStation.com and use code start to try ShipStation free for 60 days. This is quant trading versus bot trading. The bot trading in Forex, I don't sell anything, bot, quant, whatever. But I'm talking about in Miami, if you look at Lambo rule, he went down big, he made $7 million on bots that trade for you. Everybody reported for a dispute, he went down for it, he apologized to everybody. Ethan Durand, same thing. So people in Miami love to sell that whole bot thing that could trade for you. I got wrecked on one of them. Yeah, exactly. Yeah, so wrecked, lost everything. It was like traders domain, if you heard of that one. No, I don't even pay attention, but I've seen these traders post it. Yeah, I got so wrecked, lost everything. But I'm sure there's some that work, you just got to know the right. Yeah. I mean, logically, why would you sell it? That's my thing, right? Because mine worked for like four months and then it busted or whatever. But why would you even sell it if it's working? Exactly. You can make way more just doing it on your own or raising money and then putting it into your own car. You never have to talk to another person. Yeah, like you're a Kwankei, I doubt he even wants to sell it, right? Exactly. Because then it wouldn't work. No, well, I don't know if that part is not true. Oh, really? Because you can still work, there's enough liquidity and there's still people who are going to go against you no matter what. Okay. But it will still work, it's just why would you sell it? Yeah, for sure. Doesn't make sense. I don't know if this is accurate, but 20 million in student profits, is that still accurate? Way more than that. That was from a while ago. 40 million, that was about two, three years ago. Damn, so you've doubled that too. Yeah. So you got them all on a discord? All testimonials, all reviews, all real reviews, you can go online and check them. This man's changing lives out here. Is that a community or how does that work? Community stock hours. I trade live every single morning and I started that when I was 17. Oh, God. Because I always thought about it, I always wanted to do something bigger and I noticed that I have to wake up in the morning anyways to do this for a living. So why not do it in front of other people, especially when my friends were asking, I was like, this is a great idea. Yeah. So the first time you came on years ago, there was a home invasion, you said there's been another one since? Well, there was one right after that, but it was still a little while ago, but yeah. Was that in LA too? Yeah. So you stayed in the same house? No, it was a different house and it was gated this time. You think it was the same people that did it? No. No. Really? I heard someone at the door picking at the door at a gate because you have to remember, I wake up really early because I have to trade and market opens 6.30 out there, so I like to wake up, get my coffee and heard someone at the gate and I knew someone was here automatically. So they were trying to pick at the door and you have to remember in LA, it's glass everywhere. So they came through the back and it got a little crazy. Wow. Holy shit. Did they get everything again? They didn't even get to come in. I used self-defense. Got it. Yeah, because the first time they got your shit, right? Yeah. You had some cash or something. Damn, that's nuts, dude. Were they rolling deep? I think it was about four, maybe one in the car. And you were solo? Yeah. Dude, the fact that you defended yourself, well done. Yeah. Holy shit. Vegas has those rules, right? The self-defense rules. Yeah. Cali, they don't though. But you're allowed to have a gun in that. Yeah, but if they turn around, you can't shoot, which is whack. Yeah. I mean, I'm pretty sure you can't shoot when they turn their back here as well, right? I don't know about Vegas, but certain states, I'm sure in Texas, they don't give a shit where you shoot someone. They tell you to kill in Texas, but there's no questions asked. Exactly. Yeah. But that's crazy. So you got to move pretty silent. Yeah, I ended up moving right back to New York because of that. It just, it didn't make sense to stay out there when I'm going to think about my sleep. You know, I'm giving up my sleep at that point. I got to worry about what's going to happen in the night. Exactly. How's New York with Mum Donnie out there now? I'm not even paying attention. He hasn't done anything. Yeah. Yeah. And I don't see him doing anything anyways. Okay. Do you stay out of politics? Did you talk about it ever? Yeah, I talk about it. I tell you my opinion and everybody's entitled to their own opinion. If we can't have that conversation, then we're not mature enough. Mum Donnie's not going to be able to do anything in New York. Yeah. Was it a great thing to see some things with diversity in her? You have to remember, I'm Muslim and I'm Arab, so cool, like amazing, but let's pick the right one. And I don't think Mum Donnie was the right one to pick. Yeah, he doesn't strike me as the right representation for your culture. Doesn't make any sense. Yeah. Dude, I grew up in Jersey. It's too fucking cold, bro. It is cold. I can't stand it. You must be freezing your house off in the winter over there. Yeah. Do you even leave your house at that point? No. Oh, boy, no, just dinner maybe, but you've got to run to the car. But my family and friends are out there, so. How's the night life out there? You go out a lot? No, I don't, but I like dinner, so I'm always trying. I'm like you. I love restaurants. I'm a huge foodie, bro. I know. Yeah. I used to do food reviews. I had to stop. Why? They would get pissed. I was getting banned from... You were being super real with it? I was just doing what Portnoy does. You've seen his pizza reviews, right? And they just didn't want you coming around? Yeah. Yeah. So I stopped because Vegas is a pretty small city and a lot of the restaurant owners know each other, so I didn't want to fuck it up, but I love food. But they would think like a 7-1 is low. They'd think like a 7.4 is low. I mean, Portnoy, when he gives those writings, they love that. Yeah, and it's like a 5-8 and they'll be super hyped, you know? Exactly. Yeah. What else are you doing outside of trading, working on anything else big? Well, I'm creating, like I said, a prop firm, but actually regulated by the SEC, actually in the US. And I'm going to finally change the idea of what prop firms should... Or what they... What it's thought to be to what it should be. Nice. And I want to be... I want to lead by example and finally do this on my own. Nice. That's cool. Yeah, we'll link it. I don't know when it launches, but if it comes out around this time, we'll link it. For sure. You're also doing vlogs now. I saw your one to Japan. Yeah, Japan was sick. I want to go there, dude. You haven't been? No. I automatically assume you've been. I'm Chinese, but... Well, not because of that. I just feel like you used to go there. I do travel a lot, yeah. But it's on my list. Where does it rank for you? Because you've been all over too. Dude, I'll be honest. The food thing is not my thing. You didn't like the food? Sushi? Ramen? Come on, bro. You don't eat sushi? I had better sushi out here and better ramen in America. I swear. Food. You're going to get so many comments. I think you know what happened? US brought all the best Japanese chefs out here, so they were left with very little. You are in New York City, which is the best city for food in the... Exactly. Some people say the world. I think the world. Really? I say the country, but... Okay, well, that's fair. At least the country. Just because I haven't traveled enough in the world to know, but you are kind of spoiled. You probably have good asushi in New York City, so... And there's also... You know how they talk about Tokyo being clean? Yeah. There's a lot of rats out there. I swear. I don't know where we got this clean thing from in Japan. Was it cleaner than New York City, at least? That's not hard to do. Okay, yeah, it was. It was. Okay, okay. Because the trash cans, they separate trash cans like a mile apart. In Tokyo? Yeah. So you're stuck walking with cups in your pocket. Oh, that's annoying. I don't know about that one. Well, New York, the trash is on the street, so I don't know if that's better. Well, littering in Japan is illegal. Yeah, which I like. Yeah, I like that. You can actually get arrested. So that's why they enforce that in New York, maybe things would change a little bit. Were you getting a lot of looks from people over there? Yeah, especially my friends, because they're black. They love black people out there. I heard they think they're like celebrities, black people. Yeah? They like some people touch them. They ask for pictures. Yeah, and they're tall, so... You saw my security out there, and he's very tall, so they thought he was in the NBA. So every time they would come up, oh yeah, I play for the Denver Nuggets. Oh, that's hilarious. That's how I used to get in the frat parties at Rutgers. No way. Yeah, I would say I'm on the Rutgers basketball team. I'm a walk-on. I bought a Rutgers basketball shirt off eBay. And you just walk around? Yeah, for like 10 bucks. And you know me, I'm 6'6", so I could just say I'm a walk-on, and they couldn't look it up, you know, and it worked. I believe it. Yeah, you got a hustle when you're broke, and a guy at Rutgers freshman year, your bottom of the totem pole. What college did you end up going to? Rutgers for a year, and then dropped out. Oh, okay. You actually did go to Rutgers. Yeah, I actually went there, yeah. I went for a year and dropped out. To Rutgers? No, no, no, Ram Poe. Oh, I heard of him. I was a pre-med student. Damn. Oh, I think you mentioned this the first time you came on, yeah. Your parents wanted you to be a doctor. Now they're like, shit. Do they ever admit they were... I mean, they still want me to go back to school. Oh, they still do? Yeah, Middle Eastern, bro. Oh, you're making four or five million a year. Yeah, but to them, you're not successful unless you go to school. But is that for money reasons or is that for... No, just I don't know how to put it in better terms, but you're a bum if you don't go to school and finish and get your certificate. Damn. It's just like a family thing, keeping it in the family, showing that. Do you ever think about the risk you didn't take buying Bitcoin early, investing after 2008, loading up on NVIDIA? AI is changing jobs, markets are all over the place, nothing feels guaranteed, and at some point you realize no one's gonna save you. We're kind of the FOMO generation, but here's one thing you don't want to miss, protecting your future. If you're new to life insurance, you're not alone. Thankfully, I found select quote, for over 40 years, they've helped more than 2 million Americans understand their options and secure over $700 billion in coverage. As a broker, their mission is simple to find you the right insurance policy at the best price, and they work for you for free. You can even get same day coverage up to $2 million with no medical exam required. And even if you have pre-existing conditions, they work with companies that can help. Life insurance is never cheaper than it is today. Get the right life insurance for you for less and save more than 50% at selectquote.com slash dsh. Save more than 50% on term life insurance at selectquote.com slash dsh today to get started at selectquote.com slash dsh. Commitment. Exactly. Okay, so you think you're gonna do it to please them? Yeah, I think I'll go back when I'm 30. I want to actually become a doctor. Actually? Yeah. But from the education side, like when we were in school, think about this, when we went to college, we were there to get good grades, you know, and maybe find a profession. Yeah. So instead of doing all that, I'm already wealthy. So when I go back, it's all about actually sitting there and wanting to educate myself. That's true. It's a new perspective. Exactly. Because we were broke when we were in school. We didn't have life experience. You've seen the world now at this point. Yeah. You got the purple AP on. Yeah, you've done a lot, dude. So you want to retire at a young age, or do you think you're going to be working for your whole life? I think I'll be working for the rest of my life. Same here. I think it just, every time I sit with myself, every time I go on vacation, I miss it. Like I get homesick from my like setup. I like being in my comfort zone is working. Yeah, same. My vacation rule is like a week max. Max. Oh, then that's long too. Yeah, I start going crazy. Yeah. By the fourth fifth day, I'm itching to get to my desktop. So it goes long crazy. Yeah, that's a long flight too. Shout out to the flight king. Did you use him for your flight? Yeah. Bro, he saved me like 27 Gs. Really? Yeah, on my honeymoon flight. Oh yeah, remember you told me that. Yeah, no, he's a beast, dude. Shout out to him. I don't know how he does it. But having all this money at a young age, like did that fuck up your social circle? Like did it fuck up your mindset? It does because a lot of things become more strict when you have money, because you have to pay attention to certain things, why people are around you, relationships. Like I don't know. When did you find your... When I was broke. Okay, so that's the easiest part of life when you do that. But when you don't do that, now you're stuck between how do I actually find someone that's there for me? Plus you're so young, so like the girls you're dating are immature at that age. Exactly. And you have to always remember the goal that every woman has when they come into your life. They'll play the slow rule where, oh, I don't want this, I don't want that. But they know that if they can sell that to you in the next five to 10 years, they'll get what they want and be married to you. So that happened to you when girls were playing around tricking you? I mean, I've known that, so it's not like I have to deal with stuff like that. I'm just saying like people in our seats, it's not the easiest thing in the world, because they'll either see your watch, they'll either see their social media, they'll either see your car. You're running into so many cons when you go out and you're trying to meet women or even on social media. So it's one of the hardest things to do. As far as friends, I try to keep the same relationship from everyone in the past. Like new relationships are not into unless it's business. So you're just distrusting, would you say, of the new relationships? Yeah, I don't trust anybody. Unless I find a new relationship through business, like for example, me and you, we found each other on social, that's a business thing. We have a business relationship, it's mutual. So other than that, I'm not looking for any relationships. I mean, I don't blame you with the home invasions. You gotta be fucking moving smart. That could ruin people. And girls, the woman you marry is the most important decision in your life. I think so. I mean, you know so. I know, but I've seen women destroy my friends and people I know as careers and you can really make a break. I mean, you see it in the NBA every day, you see it in the NFL. That's just on a bigger frame on TV. There's so much stuff that happens behind the scenes. Absolutely. So no baby mamas for you? No, no, no, I'm not interested in that. And I want one kid, well not one kid, I want one mother to my kids. I'm not into that life stuff. Respect. Yeah. Okay. Are you pretty, you said you're Muslim, but do you follow that pretty religiously? Yeah, I don't drink, I don't smoke. I don't, if I go out, I go out with my friends, but I'm still not doing anything wrong. I'm standing with them, having fun, laughing. And that happens like once quarterly, I want to say, where everybody wants to go out and I'm like, I'll just go. Damn, you're locked in, bro. Yeah. So you don't drink or smoke, you never have? No. Dude, that's rare. Yeah. Our generation is doing all that, you know? Yeah. People think it's hard because I'm surrounded by it, but I mean, you know, if you're surrounded by something that doesn't mean you have to do it, you could enjoy it from a distance. So what would you say your vice is then? Any addictions to like video games or anything? No, I don't even like watching TV. I think traveling and spending money, spending money is a big part of my life. You're a big spender. Big spender. On designer. I wouldn't even say designer. I'm dressed nice for you right now because it's your podcast. Yeah. I respect it. But on a daily basis, I'm dressed pretty homeless. No problem. I got slippers on with no socks on. I got gym shorts. I got socks. The only thing I'm into when it comes to, you know, accessories is watches. Yeah, same, but they're investments. Investments, yeah. Like you probably bought that and it probably went up. Oh yeah. So other than that, I'm not into anything. Like as far as what you see on right now, I'll do this for an event. But on a daily basis, I look homeless. You wouldn't be able to tell. I feel that. Yeah, watches are big for me. I probably spend most of my money on food. Food, I'm a big spender on food. When I go to a restaurant, I order everything on food. Yeah, you have to. Yeah, that's a normal thing. So when I go to a restaurant, instead of it being a $300, $200 day, two, three, four thousand, my birthday, I just spent 15,000 on dinner. God damn. No boo or where do you go? No, I went to Avra, Madison right in front of Central Park. 15K for how many people? I want to say 30 people. And you paid for it? Of course. It's your birthday dinner, bro. I don't split bills. What kind of friends you got? I don't split bills. Oh, I'd never let my best friend pay for his birthday dinner. Who's going to pay for 15K? No, I don't split bills. And if you invite someone, I believe you should always pay. Even on a first date? Yeah, man, he's always supposed to pay. You're not a 50-50 guy? No. I don't think it makes any sense. And I also don't think you should be dating in the first place unless you're in an area of your life where you're able to. Because you have to remember, every time you meet a new woman, you have to. Do you ever think about the risk you didn't take buying Bitcoin early, investing after 2008, loading up on NVIDIA? AI is changing jobs, markets are all over the place, nothing feels guaranteed. And at some point, you realize no one's going to save you. We're kind of the FOMO generation, but here's one thing you don't want to miss, protecting your future. If you're new to life insurance, you're not alone. Thankfully, I found select quote. For over 40 years, they've helped more than 2 million Americans understand their options and secure over $700 billion in coverage. As a broker, their mission is simple, to find you the right insurance policy at the best price. And they work for you for free. You can even get same-day coverage up to $2 million with no medical exam required. And even if you have pre-existing conditions, they work with companies that can help. Life insurance is never cheaper than it is today. Get the right life insurance for you for less and save more than 50% at selectquote.com slash dsh. Save more than 50% on term life insurance at selectquote.com slash dsh. Today, to get started at selectquote.com slash dsh. Do things that you've already done. Go on a date, go on a dinner, take her out to a movie. These are all things that are taking up your time, for one, that you could be using to advance in life and taking up money. So instead of, I know it's very hard to think about this and just sitting home and not talking to any girls, but the relationship that you should have is, if it comes by, it comes by. But looking for these relationships while you're trying to become successful makes no sense, because it all involves money and time. No matter how you put it, you go on the cheapest date. It still costed you some money, right? And it costed you time. So you shouldn't be looking for a relationship, looking for girls, looking to sleep with girls until you're in a right state of manner as far as your journey. So you think you should be the one attracting them? Yeah, because if we continue to do what everyone does and we don't learn from it, like what do you see from your friends? You said woman, right? Lot of sims, yeah. Exactly, spending money, going to the club, showing that you have money, or showing that you kind of have money. You know what I mean? Like all those things involve spending money to please others. And when you go out and take out a girl for the first time, for example, you want to please her because it's your first date, you're trying to put a first impression. Yeah. And then that leads to the next date. The next date, it doesn't have to involve shopping, but it still involves money. And I think that's a waste of time to be talking to girls. To a good point. And even when you have money, I don't think it makes any sense to be going on these dates. To a good point. When I was younger, I was definitely insecure and I would try to flex and all that shit. Yeah. I mean, we've all been there when we were younger, but even now, like let's say I'm single, just because I have money doesn't mean I want to give a woman my time. Because I still have to go on a date with you. I have to ask how your day was. I don't care. You know what I mean? 100%. I've already asked this question to every other girl, why do I want to sit there and talk to you? Yeah. Makes no sense. Did I ever tell you the story on why I stopped flexing on Instagram? No. Dude, I don't know if I've ever shared this on the pod, so I'll say it finally. Dude, I was so dumb. So I used to sell sports cards. Okay. Back during the boom. Okay. I don't know why. I don't know if you remember that. It was like four years ago. I remember, yeah. Yeah. And I just sold, it was like $100,000 in cash in sports cards to this one car shop in LA. Drive back with the money to my apartment in Woodland Hills. I'm like recording the cash. It's like the most cash I've ever seen at the time. I was like 21, I think. And then my boy is like, you should post this on your Instagram story. And I was like, nah, I don't know if that's a good idea. Like we're in LA, like it's a weird time. He convinced me to do it. Bro, the next fucking day, I swear to God, like over 10 people at my apartment, all wearing blue. All wearing blue. Yeah, black guys all wearing blue, just like canvassing my apartment. I'm like walking my dog and I see a bunch of cars. I'm like, what the fuck is going on? So then that night I take my dog out again. I see this guy approaching me, like huge black guy, like 450 pounds, probably, like just walking straight at me. Then I see a car to my side and this guy's getting ready to open the back door. So they're trying to kidnap me while I'm walking my dog. So I was like, holy fuck, I booked to my apartment. I moved out of there. I ended my lease early. They didn't get anything? No. Oh, the Crips came to get you? Yeah, I don't know if it was a Crips or whatever, but because I was, one of them was wearing a Nipsey Hustle shirt, but because I was so aware, I guess I got out of it. You sprinted immediately? Fucking booked it, bro. And they were running after me too. You fast? Yeah, I did track in high school. Oh, okay. I think having my dog help too though, because he was like, dogs pick up on energy. If you ever want to run a dog, do you have a... Sterling Shepard. So he could have saved you? No, he's small as fuck, but they pick up on energy. Like if you ever want to run a girl by your dog, they can sense if they're good or not. There's no way. I swear to God. What is a dog going to save? So I brought this kid to my house, not a girl, but like, same thing. Because I might, I was thinking about working with them. Okay. And my dog greets everyone and usually they wag their tail. As soon as this kid walked in the door, the tail went under their ass, like towards their back legs, and he went in the corner of the house. So dogs can sense energies. Okay, I see that. You know what I mean? Yeah. But they're good with girls too. That's cool. You got pets? Huh? You got pets? I got two Bengal cats. The fuck is that? Oh, the leopard cat? Yeah, the cheetahs. Oh, shit. Are they pretty like energetic? Like do they sense energies? I wouldn't say sense energies, but they're half domesticated. Okay. So they don't like certain people and dislike certain people? They're friends with everybody, honestly. So maybe not, that's the best example, but certain dogs I know are good, dude. That's the first time I've heard that. Really? Yeah. No, dude. No, sensing energy. Dude, that's common knowledge. How's that common knowledge though? You've never heard of dogs? A dog can tell you that a girl is good for you or not. Not tell you, but they could tell like if they're good energy or not. Okay. You know what I mean? Like if a dog's going to the corner. And that means like energy and stuff. Very spiritual. You're not religious. No. Wait, but you're not Buddhist or anything like that? Buddhist? I do believe in karma, which is kind of like Buddhist, and I do believe in reincarnation, which is kind of Buddhist. As another human? Yeah. Okay. But I know that clashes with your ideologies. I mean, no, I love listening. I'm always educating myself on other beliefs regardless. You're pretty open-minded, Adarsh. Oh yeah. Really? I always, I love it. I mean, my cameraman is a Buddhist. Oh, what? Yeah. The big black dude? Nah, he's Asian. His name is Steven. He's from China. Oh, okay. But nah, I'll go to church and listen. I'll go to the mosque always because I'm Muslim. And then I'm always listening. I've been to the temple before. Okay. There's nothing wrong with educating yourself with other, your religion never said you can't educate yourself. I like that. I mean, I personally like that. There is a lot of divide these days though with religion. Yeah, same thing with politics. Yeah. Like on social media, it's all I fucking see. Everybody has to be right or wrong. Crazy. Show me. I never got like too caught up in it, but I moderate these debates and I see it and people get so passionate and heated. That's why I want to moderate a traitor debate because I feel like that's never been done before. Bro, set that up. Yeah, I'm gonna set that up, bro. If we can get some money behind it, I'm sure he'll do it. I mean, he's probably scared of what you're saying is true, but why would you not want to defend yourself? Because you know why he should be able to do it regardless? Because just because he's trading with fake money and it's not actually trading, he should know at least how to trade. Right. But he's scared to go heads up with me one-on-one in front of other people because if you slip up, you slip up and it's live. And there's a difference with real and fake money too. Exactly. You're gonna take way more risk with fake money, right? Exactly, yeah. You're not gonna be nowhere as good. Did, did, uh- It's like getting sponsored by steak. Yeah, for real. How did the reception, how was the reception on the videos? Because they got thousands of comments. Yeah, I mean- Where people like agreeing with you or- Yeah, it was like, I only did like 10 episodes and it was like 10 million views. Totally sure. Not a 13 million views. Wow. Yeah. That's crazy. And they were all agreeing with you? Well, people comment in the section, well, uh, this guy doesn't even sell anything. Okay, but you don't see the business aspect. He doesn't sell you anything, but he makes you sign up for his broker and he gets rebates on that. It just because you're not paying for anything, you're still losing and he's still winning from you losing. Right. People don't get to see that because, you know, that it's just- They don't associate that. Yeah. No, it's the same thing with casinos. I know it's not as bad, but they do get a kickback of the losses. You know, it is what it is. But dude, this was great. Where can people learn from you, join your community and find you? No, trades on every platform. Cool. Check them out, guys. Peace. My guy's Sean. Let's hit the tables. Yes, sir. Thanks for watching all the way to the end, guys. Please hit like and subscribe. It helps us grow the show and helps us get bigger guests. Thank you so much. Do you ever think about the risk you didn't take buying Bitcoin early, and besting after 2008, loading up on NVIDIA? AI is changing jobs. Markets are all over the place. Nothing feels guaranteed. And at some point, you realize no one's here. I'm going to save you. We're kind of the FOMO generation, but here's one thing you don't want to miss, protecting your future. If you're new to life insurance, you're not alone. Thankfully, I found select quote. For over 40 years, they've helped more than 2 million Americans understand their options and secure over $700 billion in coverage. As a broker, their mission is simple, to find you the right insurance policy at the best price. And they work for you for free. You can even get same-day coverage up to $2 million with no medical exam required. And even if you have preexisting conditions, they work with companies that can help. Life insurance is never cheaper than it is today. Get the right life insurance for you for less, and save more than 50% at selectquote.com slash dsh. Today to get started at selectquote.com slash dsh.