September 23, 2025 • 38 mins
If you're curious about trading and want to dive into the nitty-gritty of building your financial future, we’ve got you covered! This episode kicks off with the golden nugget that before you even think about trading, you need to know your "why." Forget the dream of making quick cash and quitting your job—trading can be a whole lot of work, but it can also be incredibly rewarding if you approach it with the right mindset and strategies. I chat with Mukarram Mawjood, the founder of Bullionite, who unpacks the essentials of trading, from understanding the market cycles to developing your own trading rules. Plus, we tackle the all-important concept of trading systems, empowering you to take control of your financial destiny with actionable insights. So, if you’re ready to explore the world of trading with a blend of humor and practical advice, buckle up—this episode is for you!
Takeaways:
- Understanding your 'why' is crucial before jumping into the trading world, as it shapes your approach and mindset.
- Trading isn't just about quick cash; it's about developing solid habits and a deeper understanding of the market.
- Embrace the journey of learning trading as a process that requires both time and effort, rather than expecting instant results.
Chapters:
- 00:00 - Understanding the Importance of Motivation in Trading
- 00:29 - Understanding Trading: Strategies and Misconceptions
- 16:02 - Educating the Youth on Trading Principles
- 27:30 - Navigating Parental Expectations and Personal Freedom
- 32:23 - Transitioning to Financial Freedom
Thank you for tuning in! If you found value in this episode, please share it with someone who could benefit from the insights shared today.
#AboutThatWallet
Join the About That Wallet Newsletter for more financial tips: https://aboutthatwallet.com/newsletter
⚠️ DISCLAIMER:
This content is for educational purposes only and is not financial advice. Always consult a licensed financial professional when needed.
Episode 311
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
This episode is sponsored byAnderson pr.
So if you want to get intotrading, I think the first thing
is to know why.
Know your why.
Don't just come into itthinking, hey, I just want to make
a lot of money and leave my job.
Welcome everybody back toanother exciting show, the about
that Water podcast where wehelp the sandwich generation build
(00:22):
strong financial habits sothat they can spend money, talk about
money and enjoy their moneywith confidence.
And today I have awesomeopportunity to bring somebody on
who is the owner of Billy andI actually the founder of Billy Night.
And so you've kind of wonderedlike, what the heck is billionight?
Well, Billy Night is acomprehensive platform designed to
(00:44):
help empower individuals inthe world about financial trading.
And I know a lot of you beenasking me about, you know, Anthony,
can we talk more about trading?
I want to learn more aboutstocks, I want to learn about more
commodities.
How can my child get part of this?
This is the episode for you.
Welcome, Makarim.
Did I say that right?
Thank you, Anthony.
Really appreciate it.
I love the way, the way yousaid also enjoy the money that you
(01:07):
make.
I love that you said thatbecause a lot of people kind of restrict
themselves and then they feelvery stressed out.
And I love that you said that.
And we want to help manypeople accomplish their goals, you
know.
Yeah.
And so that's one of thepassions and the main question about
all of it is how do we start?
Like, what is a good plan toget started in trading?
Yeah, I mean, when you want todo, when you want, if, if it's trading
(01:30):
that you want to take part in,people come to it sometimes with
the wrong premise.
Okay, so we want to help fixthat first.
Because a lot of people, whenthey come to me and say, hey, I'd
love to learn trading, I cansee that you guys have done really
well in it and other peoplethat you're coaching, but then they
tell me, I don't really wantto work a lot.
I don't want, I don't want tohave rules because I'm escaping my
job to trade.
(01:50):
Right.
And I was like, well, this isprobably going to be more work, more
rules, but it won't feel likework because you're doing something
that you love and you enjoy.
So I think that's the firstkind of misconception with trading,
that we want to help peoplewith that.
If you approach tradingthinking that it's going to just
be this easy kind oflackadaisical thing that you'll do
(02:11):
whenever you feel like it'snot Going to really get you where
you want to get to.
But if you take it in anintelligent, sophisticated approach
with the right mentors andmake sure your mentors are playing
when they're coaching, okay?
Because they can't just becoaching if they're not playing.
This is that kind of a game, okay?
Then it will lead to anamazing, beautiful place in your
(02:33):
life where you will get thefreedom that you want and then you'll
be able to live life in yourown terms, like on your own terms.
But so if you want to get intotrading, I think the first thing
is to know why.
Know your why don't just comeinto it thinking, hey, I just want
to make a lot of money andleave my job, so I not going to work,
okay?
And then after that, take ascientific approach to it.
(02:53):
Like work with someone who canteach you good trading systems, good
trading rules.
Because later you'll become avery good fusion of that and you'll
have your own ways of trading.
Right?
But at least in the beginning,like you know how Tony Robbins says,
success leaves clues.
So make sure you go that route.
Now you talk about thesetrading systems and trading rules.
(03:14):
Do you have like a set ofrules that you follow?
Yeah, like over the years,like, you know, you have to go through
the evolution, right?
So with God's grace, I've beenvery fortunate to have really good
mentors.
And I've been doing this foralmost 20 years now, right.
Since 2005.
And that's another big thing,the longevity in this industry, because
you can get blown up.
Like the accounts can getblown up, you know, and you don't
(03:36):
come back and you never wantto come back.
Right.
But being in it for this longand having witnessed very different
market cycles really helps.
Like our clients who are partof our, like, alternative asset group,
which is bullionite assetgroup, right.
That's where we helpindividuals with retirement accounts
have alternative assets and wegrow their net worth that way.
Then bullionite is where I doall of the trading education, okay?
(04:00):
And one of the things thatI've noticed is you have to have
a set of rules that you'llbegin, that may be somebody else's
rules in the beginning, butthen as you get experienced and as
you go through differentmarket cycles and your emotional
intelligence increases, thenyou will have your own set of rules
that is a fusion of maybe afew different rule sets that you've
(04:21):
learned.
After that, it's your own system.
Now this is very important, Anthony.
Don't go out there and pay$20,000 for a trading system or $15,000
for just one like downloadedapp or something that tells you,
hey, we're going to give yousignals, green lights, blue lights,
you.
It doesn't work like that.
Okay.
You have to put the work in.
(04:42):
You have to put your hoursinto this.
And that's when you willbecome great.
And that's why you need tofollow a certain trading system that
is discretionary, meaning thatsomebody lets you know, how do you
enter a trade?
How do you get out of a trade?
And that's why, you know, ifyou go to our site bullionite.com
or success is relentless,you'll know that one of the biggest
(05:02):
differences that I say is whenwe teach our students or when we
teach our clients, we give youactionable ways of doing this.
There's no point in saying,hey, you gotta put a stop loss, but
they don't teach you how toput that stop loss.
Exactly right.
And that's the big thing.
No.
And also take a trade tocompletion from the entry, to the
management of that riskmanagement of that trade and to the
(05:24):
closing of that trade.
So.
Cause that's one of the thingsthat we hear about a lot, which is
buy low, sell high.
But every time I put my moneyinto the market, it dips.
It seems like I'm buying highand I'm constantly selling low.
How do we like what isconsidered a full cycle of a trade
for you?
Like.
Cause I know trading couldvary depending on who you talk to
(05:46):
from day trading, swingtrading and so forth.
Yeah, I love that you said that.
The different segments.
Right.
Because when you're a completetrader, I like to say it that way.
When you're a complete trader,you have the skills of a day trader,
a position trader, a swing trader.
If you focus on just beingone, you know, maybe in the beginning
you should learn one area.
(06:06):
Definitely.
But later, in order to survivein this, with all the craziness that's
out there in the world rightnow, you have to have the weaponry
in your armor.
Right.
You have to be able to swing trade.
You have to be able to day trade.
Now, one quick thing I want tomention before I go to the first
question you asked about isthat day trading is for everyone
who's listening.
Day trading does not mean youhave to trade every day.
(06:30):
Day trading simply means youget in in the morning and then you
get out before the market closes.
Now, if you made some moneyand then you want, you don't trade
the next day or the day afterbecause there's no Setup, there's
no right fundamentals.
That's okay.
You don't have to press thebuy button and sell button every
day.
So you can tell your friendsthat you're a day trader.
(06:50):
That's a very important thing.
Because a lot of day tradersblow up their accounts or have lots
of frustrations and haveemotional stress over time.
They.
Because they think you have totrade every day or you have to trade
multiple times a day.
And that's one of the thingsthat we helped fix over time.
Because day trading simplymeans you get in and out inside the
day.
It doesn't mean you have totrade every day.
Okay, now going back to yourother question about you tend to
(07:13):
buy high or sell low and whathappens, right?
So let's help your audience in one.
Have one thing before you get there.
Can you go down and talk aboutthe different ones since you already
talked about the day trading?
Just so people, we all on thesame level set as far as the day
trade.
Then you said swing trading,and then.
There'S swing trading andposition trading, right?
So swing trading and positiontrading kind of share some, like,
(07:35):
areas right?
In common.
Like, for example, I'm aposition trader and I swing trade.
And what that means is I liketo build massive positions in a market
and then hold that positionfor a certain time period before
I exit.
Now, that's the only way youmake big money in these markets,
okay?
Now, once in a while, youknow, two out of 10 times you'll
(07:57):
have a big day trade andyou'll make money.
But if you want to make networth, changing money over time,
where you want that freedom,where you don't want to go to work,
the way you do it is you buildbig positions.
So you have to understandposition sizing.
You have to, you have to learnall that right over time.
And that's what we teach.
Now, what that means is youwill have a mathematically primed
(08:19):
area that you believe is areally good entry, which, which is
not because it's low or high,because low and high the markets
really don't care about.
And we'll go, we'll get tothat, right?
But you'll get to amathematically primed area.
You'll build a position.
Sometimes it'll go back and forth.
Swingy, I call it swingy.
Then you'll cost average downand build a better, bigger position.
(08:39):
And then it runs.
And then you have to have yourprofit targets.
And then you say, you know what?
I'm done.
I made my money.
If you.
And here's A rule I have.
If you make more money thanwhat most people make in a year in
one trade, please get out.
If not, the market's going totake that from you.
Okay?
Okay.
This is another thing I have.
A lot of people come and say,hey, I feel it's going to go up.
I feel.
I'm like, are you the market?
(09:00):
Like, do you know everything?
I mean, if you've made enoughmoney in that trade, get out.
The reason why people don'tget out of a trade, Anthony, is because
they don't have confidencesystem to get into another profitable
trade.
That's why people hold ontoextremely profitable trades and not
get up.
Okay, so that's a positiontrade and a swing trade.
So a swing trade also simplymeans it's that pendulum, right?
(09:21):
You're getting in at a certaintime or a certain price range, and
then when it gets to a certainlevel, then you get out.
Okay?
Now here's the difference withposition trading and swing trading,
it's the time.
For example, you might hold atrade for a few weeks or a few months.
Now if you end up holding atrade way longer than a few months,
you're an investor, you're nota trader.
(09:42):
Okay, Keep that in mindbecause a lot of people come in saying,
hey, I'm a trader, I trade.
But I ask them, well, how longhave you held this trade?
Or how long do you.
Two years.
I'm like, well, that's aninvestment, that's not a trade.
Okay.
And then the key thing,Anthony and I love that question
is, don't be the one who flipflops in the middle of that trade.
Like, let's say you get into atrade, it's not going your way.
(10:04):
And then to convince everyonethat you're right, you say, hey,
you know what, I'm okayholding this for another year.
So now you've made a tradeinto an investment.
And that's where all thatboiling frustration comes.
Gotcha.
Okay, so can you go on?
And so this helps out withbuying low, selling high side of
the house.
Yeah, let's get to that.
Right.
So first of all, I think I amon a mission over the last few years
(10:27):
to educate people.
Obviously we're on a missionto educate the youth because we believe
trading is a way that we cangive youth the freedom that they
want.
Especially nowadays with everything.
We'll get to that later.
The monetary freedom that theyneed, you know, because a lot of
them have not grown up yet.
Right.
And we have to help that.
But when you talk about buyand low let's fix this for the audience,
and they'll really, reallyappreciate this.
(10:49):
Markets don't care whether aprice is high or low.
And I'm going to explain thatto you, right?
So the old adage is you buylow, sell high, okay?
Now, in that definition, whatit means is when a price is low,
what it actually means is thatit's cheap, okay?
And you believe that it'scheap to you.
And because you think it's lowor cheap, you want to buy it, and
(11:13):
then you want to get out of itwhen you think the price has gone
up high enough, right?
But markets don't work likethat because markets are limitless,
right?
And this is something elsethat we teach, to have this limitless
philosophy when it comes tomoney and your life and empower empowerment,
right?
Markets don't care about thatbecause here's the reason.
Let's say a price is lowenough for you, but it continues
(11:33):
to go lower.
It's because the market has not.
Doesn't think it's low enough,so it'll keep going lower.
And there are so manydifferent participants, right?
So if you say a $5 stock, likea stock's come down from $30 to,
let's say, $8, and you'relike, oh, my God, that's cheap.
But the market can take it to$2, you know what I mean?
Because it doesn't care howlow something is.
The same way with high.
Like, you know how some stockscan go up, like from $20 to $80,
(11:57):
and then you think, oh, myGod, I want to get out.
But then it goes to 160, itgoes to 200, it goes to 300 because
the market there's not high enough.
So the way you solve this isnever get in because you think numerically
the price is low or never getout because you think numerically
the price is high.
What you need to do is youneed to get in when a market is oversold
(12:21):
and you get out when a marketis overbought.
And let's take a little bit oftime to help people understand what
Oversold and overbought,what's the difference?
Because some people go, it'sthe same thing, isn't it?
Like oversold sounds like it'stoo low or over overbought seems
like it's too high.
No, here's how I defined oversold.
Oversold is a market that hascontinuously come down over time.
(12:42):
And at one point, the sellingpressure is waning and it feels more
and more difficult for it togo lower.
So the next highestprobability direction is for that
market to turn around and thengo up.
That's why you buy oversold markets.
Now, the same thing in thesame breath, you know, is the exact
opposite in overbought.
(13:03):
An overbought market is amarket that has gone up for a significant
period of time, and the pricefinds it very difficult to go higher,
right?
It'll keep bouncing.
And like, for example, gold,right now, gold's gone from $1,800
an ounce to $3,500 an ounceright now for the last, like, month
and a half or so.
Gold's trying to go up, butit's hot.
That's why you shouldn't bebuying gold.
You should be buying silver,because silver hasn't gone up yet.
(13:26):
Right?
Now what you need to do iswhen you see that happening, you
get out of that market becausethe highest probability direction
for that market is to turnaround and come down.
So a lot of people go, okay,Mukara, if I want to get in on oversold
markets and get out inoverbought markets, how do I really
do it?
Well, there's a very simplemathematical indicator that will
(13:47):
tell you when a market isoversold and overbought, and that's
called a relative strengthindex rsi.
If you want to learn moreabout it, you want to learn how to
use it, because there are somenuances to.
It will go over.
Reach out to me, you know,through the podcast with the links
we give you.
But that is the best way thatyou can get into a market and get
out of a market and then setup your trades.
(14:09):
That's great, because one ofthe things I always struggled with
was the rsi.
Like, I've seen it.
I was like, okay, is it closeto one?
Is it not close to one?
Gotta.
Gotta come back up.
It's because.
So where that comes from,Anthony, is because the premise of
the trade is.
Is based on fundamentalresearch rather than the math, right?
(14:30):
So here's what I always say.
Fundamentals are great, butfundamentals are things that everyone
knows, or some people knowsomething before other people.
Usually people with more moneyknow something before other people,
right?
So that's the problem.
Like, I, you know, I mean, Ilive in, you know, Newport Beach,
Irvine area.
Like, that's where our office is.
I mean, if you look behind us,there's more money here than most
people places in the world,you know?
(14:52):
But what I will say is, evenif you put all that money together,
you still won't knoweverything that's going to happen
in every country in everysituation, right?
That's true.
So that's why the news or thefundamental analysis should not be
the premise of the trade.
So here's how you should builda trade based on the math, right?
Because the price action willtell you everything.
(15:12):
And then you build the tradeon, you know, primed math.
Then what happens is when yourfundamental analysis ends up being
right, it makes a good trade extraordinary.
That's what happens.
So when the fundamentals comeinto play, it makes a good trade
extraordinary.
And that way you won't, youknow, you won't be frustrated because
I mean, look at where we aretoday, right?
We're with, you know, in atime in our country where we have
(15:34):
an administration that's verynews cycle oriented and it's also
affects the markets every day.
Now imagine if someone'strading just based on the news, hey,
what's going to happen thesummit yesterday or what's going
to happen over the weekend orwhat's going to.
Then it's really going to getthem like whipsawing everywhere and
then they'll lose a lot of money.
That is.
So you set up the trade basedon math and then let the fundamentals
(15:55):
come in and then it'll make agood trade extraordinary.
Okay, that makes a lot of sense.
Now I need to get better at that.
So I more than likely mightneed to sign up for the youth program.
Can you elaborate a little bitmore about that youth program that
you guys have?
So you know, a couple yearsago, as you know, with God's grace,
as we continue to grow andwe've done well in the markets, we.
(16:17):
One of the things I noticedis, you know, especially since I
have kids as well, right, Inoticed that kids are losing their
desire for really gettingeducated about something or getting
good at something, right?
Because like I have my.
Now he's 9, but he's 10.
Yeah, he's about to be 10.
(16:38):
But he comes up to me a coupleyears ago and he goes, well, I don't
really need to go to collegebecause Mr.
Beast makes so much money onYouTube right?
Now when I, when I hear that,I didn't upset me because I love
the social economy, I lovewhat it's done for the youth and
where they can go.
Like There are people, 21, 22year olds who are multi millionaires
now because of that, right?
(16:59):
But what I've noticed is a lotof these individuals because they
lack those foundationalskills, they don't know how to manage
that money, they don't knowhow to sustain that Business, they
don't know how to keep it forthe next 10 years and then build
a legacy.
So this is why I thought tomyself, hey, trading is one of the
best ways of creating wealthbecause I call it creating money,
(17:22):
you know, and that's why ifyou go to my website, you'll say,
you know, the concept of moneyis limitless.
And then we call creation ofmoney not earning money.
Because everyone lives in therules of earning money.
But when you start shiftingyour mindset to creating money, all
of those rules don't apply.
Everything that our parents,our grandparents, our teachers, our
professors taught us, itdoesn't make sense when you start
(17:43):
creating money, you know, andthat's something that we want to
teach.
The other thing is, I'mnoticing that a lot of the youth,
like either they are motivatedor if they're not motivated, then
they end up being late andlate and late, right when they get
out of the house or they buildtheir own life, right?
They're not like foreverliving with their parents.
So what I, what I wanted to dois for the ages between 16 and 22.
(18:06):
Now I chose that veryspecifically because that's about
a junior in high school and ajunior in College.
Anywhere between 16 to 22 iswhere the most kind of impactful
and that's the most importanttime in their life when they're deciding
some things, right?
Like when you're in highschool and you're a junior, you're
just becoming that personwho's taking a little bit more responsibility.
(18:28):
When you're a junior incollege, you're understanding, hey,
I've messed up or I have to dosome more things, right?
So what I want to do isbetween the ages of 16 and 22, I,
I want to teach them thisbeautiful skill of how to create
money from an idea that comesup in your brain that becomes something
that allows you to click a buybutton and a sell button and make
more money than most peoplesometimes make in a year, right?
(18:49):
But, but you can't just teachthat that way because for me is 75%
mental, 25% skill.
So in this program, what I dois I help the kids understand all
of these mental skills.
Confidence, becoming a warriorin your mind, right?
And then understanding how todeal with adversity.
Because your emotionalintelligence, because there could
(19:09):
be 50, 60 year olds, you know,they have a bad trade and their emotional
intelligence is low, so theymess up the next five traits.
So these are things, if we cangive those skills, like I was thinking,
if I was given those Skillswhen I was 18 years old or 19, I
mean, today it would be a waydifferent place than, you know what
I mean?
And I want to give that backor pay it forward to these, to the
(19:30):
youth, because that's ourgeneration, man, like nowadays, you
know, I mean, look at, look atwhat's going on around the world,
right?
Yeah.
Give me that.
And that's why I'm doing that.
And hopefully, you know, withGod's grace, you know, individuals
like you and podcasts, we wantto spread this as much as possible.
And here's how the program works.
It's a 12 week session where Iteach every week, my way of trading
(19:53):
on top of all the mental skills.
Then after the 12 weeks, thepeople who are chosen, right, they
go through a kind of anapplication process and then there's
an interview process and thoseeither 10 kids or whoever that are
chosen for that group, thenthe three best students of that 12
week session are then given$10,000 to trade.
Wow.
Okay, now whoever.
(20:15):
So that's 5,000 for the, forthe first, 3,000 to the second and
2,000 to the third.
Right.
Whoever makes the bestpercentage return from that money
in the next 30 days or 60 daysgets to keep all of it.
Wow.
Yeah.
And we call it the BullioniteTrader of the Year, the Young trader
of the Year.
And I think that is reallygoing because I have some people
(20:35):
who've gone through thatprogram, some youth, you know, sometimes
18, 19 years old, and they'vecome to me and say, hey, Mukara,
I'm changing the way I'm doingmy college courses now.
I'm choosing things that'sgoing to help my destiny, you know,
not just follow a path andthat's the reward.
And then what, what happens isif they're really good, they also
have the ability to becomeprop traders with us down the road.
(20:57):
So that's another career pathfor them.
I like the pipeline.
Like, I'm a businessstrategist at heart.
Like, I love the pipeline.
Get them in, get them educated.
And also when you hire themon, you already know their skillset.
Yeah.
Because the other good thingis we like people who want to learn
it from the grassroots up, right.
We don't want bad habits.
(21:18):
Right.
So individuals who havecreated for 10 years somewhere else
have really bad habits, gonethrough burnout.
But also we want to give theyouth like, hey, there is a career
for you, there is an opportunity.
But you have to be good, youhave to be elite.
You can't be mediocre becausethat's what's happened?
Everyone wants to be mediocre, right?
And that's the message we'regiving the youth.
(21:39):
Hey, if you excel, if youbecome elite, the world is yours.
And I think they got lostalong the way as the generations
have been on, because like yousaid, there's so many cameras being
put on people now that theylosing sight of, you know, that passion
behind going all in and doingthe work.
(21:59):
So going back to like makingthat money, how do you, I say, what
is the strategy or tacticsthat the person has listened to this
to kind of get out of thatscarcity mindset around money, to
kind of go to that abundance mindset?
Beautiful question, man.
I love it, I love it.
Um, and you know, I like totake things in layers, right?
(22:22):
So let's give this in likelayers so people have an actual actionable
way of making a change todayafter the show, you know.
So first, in order to get tothat abundance mentality and getting
out of that scarcity mentalityyou have with money, first you have
to change the definition ofwhat money is to you.
Okay?
And I'm going to help peoplewith this.
Money is not your currency,time is your currency.
(22:45):
And quickly, I want people tounderstand why I say this, because
there's unlimited amounts of money.
I mean, just look behind me,you know, or go to any great city
in the world, you'll seethere's unlimited amounts of money.
So money is not scarce.
Right?
It's an unlimited resource,but time is limited for the human
(23:06):
being.
So here's a very importantmindset shift that you have to do.
Do not exchange a limitedresource for an unlimited resource
without a massive value transaction.
You have to get value, notprice for that.
So if someone comes and says,hey, I'll give you $20 an hour, no
thank you.
Right.
You can start off when you're young.
(23:27):
Yeah, you can start, but have.
That's why we're teaching thisto the 16 year olds, 18 year olds,
20 year olds.
Yeah, you can go toMcDonald's, you can work there.
You can.
It's okay because you needthat, right?
But always remember, you wantto give more and more value so that
the, the amount of money thatthey're going to give you is going
to be significantly higherthan the amount of time that you're
going to give somebody.
(23:48):
Right?
That's number one.
So that's the first way to getto that abundance.
The second thing is tounderstand money in all ways of defining
it is a created asset.
Like our Fed prints it everytime, right?
So you can't quantify money.
This is very important, people.
You can't say, hey, thatthing's too expensive, so I don't
(24:11):
want to buy it.
Right.
Because this is a crazy right?
Like there are watches thatare $300,000.
There are watches that are$1.5 million.
That should tell you thatmoney has no value, really.
You know what I mean?
And that's why don't make itmiserable for yourself by saying,
hey, I shouldn't drive abeautiful car.
I shouldn't live in thisbeautiful neighborhood.
(24:32):
I shouldn't let my kids havethese beautiful things.
Because those things, if yousay it that way, you're quantifying
money.
And when you quantify money,what happens is you have the shackles
of poverty on you.
I didn't even think about that.
Shackles of poverty.
Yeah, it puts it in your mind.
And here's the best way I explain.
Shackles of poverty.
Right.
A lot of the listeners mayhave gone to San Francisco.
(24:55):
I'm sure you would have been there.
Right?
You have the bay, and then youhave Alcatraz.
It's like you put in Alcatrazand asked to look at the bay and
say, hey, well, that's the view.
You can't get it.
Okay?
That's the problem when youkeep saying, I can't afford it.
All those words.
Right?
You know how Bruce Lee saidwords are like spells, right?
Yes.
Yep.
Don't say scarcity words toyour children, to yourself, to your
(25:18):
significant others, like, Ican't afford this.
Oh, this is too expensive.
Because then you're makingmoney limited.
And therefore that abundancedoesn't come in your life.
Now, here's my final pointabout this, okay?
And this is a beautiful secretabout the universe.
The universe will only refillyou if you empty yourself.
And this is very important.
(25:40):
If you have knowledge, spreadit, give it out.
Don't hold it.
Proprietary knowledge.
I don't want people to knowhow I make money.
I don't want people to dobetter than me.
So I'm not going to give themmy secrets.
Right.
Then the universe is not goingto give you more knowledge.
If you have time and you holdon to your time, give.
Universe won't give you more time.
You know how some people say,hey, 24 hours is not enough?
(26:02):
It's because they don't havethe blessings in their time because
they don't give from their time.
You know, and the same thingwith money.
Don't hold on to your money sotightly because the universe will
not refill you.
Now, here's the beautifulthing about the universe, because
the universe is limitless.
Unlike us.
It only refills you when itthinks that you deserve it, right?
That's number one.
So that means you have to begiving from your knowledge, your
(26:24):
time, your money, your expertise.
The other thing is, becausethe universe is so powerful, when
it refills you, it alwaysadvances you to the next level.
It's beautiful.
And there's a scripture forthose of you who are listening.
They do talk about like, ifyou give and you supposed to get
tenfold on whatever yourgivings, which is man, you preach
in a day.
But you know, we, we have tohave those principles, right, that
(26:46):
guide us.
And then you realize that whenyou sit and reflect and you have
a self care routine on a dailybasis and you're connecting whoever
you call, like a source oruniverse or God, right?
When you're connecting, thenyou're given that, that wisdom where
you're thinking like, okay,how do I do this?
How do I get through these challenges?
Because I remember you askingsome in one of your podcasts about
(27:08):
how have some people gottenover their adversities and things.
Like the way that happens iswhen you connect with your source.
And that's what you just said,you know?
Yeah.
And so Makaram, how has itbeen with the conversation of your
parents now that you've beendoing this for so long?
Like, did they instill youinto this or were you just like,
you know, I don't feel likeworking for anybody else.
I need to learn training.
(27:28):
Like, I just need to get this right.
Well, I mean, that's aninteresting story because my dad's
a doctor, right.
And I was supposed to go tomedical school.
I actually went to the, one ofthe baby doctors programs, you know,
in Florida at University ofMiami during the summer program that
they had while I was incollege, right.
And I remember when I wasthere when the dean of the med school
(27:49):
at that time of that programasked me, hey, are you coming back?
And I said, I'm not comingback because there's 13 more people
who deserve to be here than I do.
Because I wasn't happy.
I wasn't, you know, at 4am inthe morning, we were doing cadaver
dissections at theJacksonville Memorial Hospital as,
as part of that summer program.
And I liked it, I was good at it.
But then I was like, hey, thisis not what I want.
It doesn't make me happy, right?
(28:11):
So I was given an ultimatum bymy dad.
He was like, hey, if you'renot Going to do this, you got to
pay back everything.
I paid you for college.
Wow.
Yeah, pretty much.
So then I said to myself, hey,I mean, I got to figure this out.
It's not his fault.
Because there was anagreement, right?
We make agreements with people.
That's good.
And then I think that fueledme, and the universe helps you when
(28:32):
you know your why.
I knew my why.
Like, I didn't want to bearound inside hospitals, Right.
It wasn't making me happy.
So I knew my why.
I wanted to help people in adifferent way.
And.
And for me, helping peoplemake money or create money is a big
deal.
And it really gives them somuch freedom.
Right.
And so that's why.
Now here's what's happened.
(28:52):
What happened after that, Godwilling, went with time, and I was
able to do that, and then Iwas able to get to the abundance
over time.
Right now they don't sayanything because you help them, you
take care of them.
They don't say anything.
They're like, oh, this is great.
You know, this is a goodchoice that you made.
That's how it always is withparents, right?
Parents, God bless them, theylove us.
(29:12):
They have the most love foryou that they can, you know, even
if they don't show it to you sometimes.
But I think it's important forus to know what speaks to us and
communicate that with yourparents and then be able to, without
causing too much of a rift,show them, hey, I think you've done
your job and I can go from here.
Yeah.
(29:33):
And I think that's the proudmoment of a parent to really say,
like, you know what?
I can trust them out in theworld today.
Yeah.
And I think it's alsosomething that I've realized because
since I've had kids, right.
And you know, we do, we gothrough different phases, Right.
We become very controlling.
We become this helicopter parents.
And then we started saying,okay, start reading all these books
and figuring out, like, let'sdo a different, different strategies.
(29:55):
But I think the best thing iswhen you can have that balance of
allowing them to shine withoutbreaking down the boundaries.
Because one of the biggestthings with kids, because I remember
you and I, when we talkedabout, you said, you know, a lot
of the viewers have kids andwe want to help kind of make them
understand.
The biggest thing that I alsoteach in my program is the decision
making matrix, because theyouth and kids, if they're not taught
(30:19):
how to make good decisions,they tend to ruin their lives very
early on.
And then it's a hole that theycan't really get out of.
Right.
So it's very important that weteach our kids how to make good decisions.
And there is a formula for that.
And, and I think that'simportant for parents.
Okay.
I definitely going andbringing back memories for the decision
making matrix.
Like we use that a lot even inrisk management.
(30:41):
Like everything has a matrixfor, for what you need to put together.
Man, this is great.
So as the person is listeningto this is like, okay, we understand
how billion I is out therehelping out everybody.
We understanding who Makarim is.
What does the future look likefor Makarim?
The future is definitely in agrateful path.
(31:03):
Okay.
Where following some of thecore principles that have allowed
us to grow not just inbusiness, but also as human beings
and to make sure that wecontinue to raise other people.
We have to raise other people.
Right.
That's why I love my prop traders.
We want to make sure that theyget better and better.
I would love to see them openup their own firms and do their great
(31:23):
things.
Right.
That's why we do the youth program.
So for me, I definitely wantto continue to build the different
revenue streams.
That's one of the big reasonsthat I think with God's blessings,
we are where we are todaybecause we have multiple revenue
sources.
Right.
That's why, like I said, wehave the alternative asset group
where we help clients withalternative assets.
Then we do cryptocurrencies inretirement accounts and outside retirement
(31:45):
accounts.
We do gold and silver,physical gold and silver.
We do real estate.
And that was over time becausewe've been doing this for 15 plus
years, almost 20 years, justas an individual.
Right?
Yeah.
And that's the goal.
Right now we're expanding intointernational Airbnbs.
Right.
In different countries.
Because we're looking at that,especially with some of the changes
that have happened with thedollar and everything over the last
(32:07):
few years.
The dollar goes furtheroutside the country.
Right.
And so the future is buildingdifferent layers of multiple revenue
sources, but not just forgreed, but to raise other people
to their high levels of accomplishment.
I like that.
So is there anything that youwant to leave the audience with before
(32:27):
we dive into the final four questions?
I hope we were able to give asmuch value as we can in the short
time.
Right.
And I think we try to go intosome areas that are a little bit
controversial, but at the sametime, we're trying to fix people's
mindset with that.
Right.
And I think what I want peopleto know is if they're, if they're
looking for us, ouralternative asset firm was called
Blackstone Commodity Group.
(32:48):
It's now changed to BullioniteAsset Group.
So if you want to go to, youknow, if you have a retirement account,
if you have questions about,hey, how do I increase my net worth
with this new philosophy, youcould go to blackstonecommodity.com
and also bullionite.
Okay.
Bullionite is the tradingeducation arm of my company where
we help people, coach peopleon trading and things like that.
So that's one.
So if you want to learn how toreach out to me.
(33:10):
The other thing is I alwaysgive my office direct number 949-200.
If you have something that youwant to make a change in your life
and with.
With your path right.
In financial path, give me a call.
My executive assistant is Crystal.
She'll schedule an appointmentand we'll talk just like this.
The other thing is, I wantpeople to walk away from this interview
or this podcast knowing thatabundance mentality will give you
(33:35):
the freedom that you'relooking for.
And I think we touched on howto get there.
So if you want to go andlisten to that a couple more times,
that's what's going to makeyou happy.
Because happiness is an insidejob, right?
Yeah.
So that's kind of what that is.
That's one of the things I'dalways say.
I have a small phrase.
I actually created a shirt,but I haven't put up on my website
(33:56):
in a while.
Pulled it down, but it'scalled uncomfortably happy and meaning
that you have to really be inan uncomfortable space.
But happiness is that choiceand you have to be just everything's
around you is going to chaos.
You just got to be happy inthe chaos.
Until you find your truehappiness and understanding that
really the true happiness isyou, you can always smile.
(34:18):
Love it.
That's great.
That's a great episode.
So final four questions arethe final four questions that we
ask every guest so we can getto know a little bit more about you.
Are you ready?
Yeah, sure.
All righty.
So number one, what doeswealth mean to you?
(34:41):
Wealth simply means that youcan say yes to the things you want
to say yes to and no to thethings you want to say no to.
That's what wealth is for memost simplest.
I like that.
Number two, what was yourworst money mistake?
My worst money mistake was nottaking losses early, holding onto
either trades, thinking withan ego that I'm right, my thesis
(35:02):
is correct, even though thingshave changed around me.
And Hopium.
Hopium is the worst thing whenit comes to money, right?
When you make a mistake, cutyour losses early so you can go back,
do another trade, make thatback, and then some more.
Awesome.
Number three, is there a bookthat inspired your journey or changed
your perspective?
I mean, there's many books.
It's hard to give you one, but one.
(35:23):
It's very interesting how wesaid 1.
The book, the title of thebook is the one thing.
I love that book.
I love that book because ittaught me two things.
In that book, it talks aboutthe domino effect, and I know everyone
talks about the domino effect, right?
The compounding effect and all that.
But there's an image, and Ithink you'll see it online, or you
can Google it, where it showswhere if you take the right dominoes,
(35:45):
right, starting from thesmallest domino, and then you start
putting it down, somewheredown the road, one domino, it reaches
the moon.
That's the leverage power thatyou have.
And to me, that really shapedme because what that told me was
if you micro things and takethings step by step, day by day,
then one day you can reach themoon, you know?
So the one thing.
(36:06):
It's great, such a great book.
I have to go back and readthat one.
That's such a good book.
Yeah, I loved it.
Number four, what was your.
What is your favorite dish to make?
To make.
I love to cook.
I'm not a great cook where Ican put all the ingredients together
and I know how everythinggoes, but I do cook some.
Some really good dishes.
One thing that I love is agood fish with olive oil and Turkish
(36:28):
rice on the side.
That's called bulgur wheat.
I think.
Now, the reason I like it thatway is because it brings out the
taste of the fish.
It's simple.
It's like my philosophy, don'tovercomplicate things, execute.
And then it's such a delicious dish.
I'm gonna have to definitelytake a look into that.
Is there any type of fish?
Yeah, branzino is good.
Sea bass is good.
Mahimahi is a little bitdifficult with that style, but most
(36:51):
of the white fishes are great.
Okay.
All right.
I'm going to have to try thatout one day.
All right, so this is the verylast question, which you already
answered before, but this isjust to kind of wrap up the show,
which is where could peoplefind out more about you?
Yeah.
Quickly.
Thank you.
I appreciate you asking me that.
Again, if you have an IRA401K, a previous 401K, and you want
to get involved in alternativeassets, you can get in touch with
(37:13):
Blackstone Commodity Group,which the name is getting changed
to Bullionite Asset Group.
Right.
So you can still go toblackstonecommodity.com somewhere
in the next couple of weeks or so.
That will forward toBullionite and then you'll see Bullionite
Asset Group.
I've given my phone number 949-200-7047.
If you want help with trading,you're a novice, you're green, or
you have never done it oryou're a senior trader.
(37:36):
You want to learn more, youcan get to my education side of Bullionite
and then get in touch with us there.
Infoullionite.com is the emailaddress and then Bullionite is the
website where we can help youwith the trading coaching.
And that's also where we hostour young trader of the year competition.
All right, well, Karim, thankyou so much for coming on the show
today.
(37:56):
Definitely listener, if yougot anything out of this or, you
know, somebody that is goingthrough some tough times right now
with the scarcity mindset andthey just trying to get out of that
rut financially and they justdon't know where to go, definitely
share this episode with them.
And remember that you onlycould put one shoe on at a time.
Time.
Don't try to make things complicated.
(38:16):
Tie your laces.
All right, everybody, we out.
Thank you, Anthony.
Appreciate it.
This episode is sponsored byAnderson pr.
So if you want to get intotrading, I think the first thing
is to know why.
Know your why.
Don't just come into itthinking, hey, I just want to make
a lot of money and leave my job.
Welcome everybody back toanother exciting show, the about
that Water podcast where wehelp the sandwich generation build
(00:22):
strong financial habits sothat they can spend money, talk about
money and enjoy their moneywith confidence.
And today I have awesomeopportunity to bring somebody on
who is the owner of Billy andI actually the founder of Billy Night.
And so you've kind of wonderedlike, what the heck is billionight?
Well, Billy Night is acomprehensive platform designed to
(00:44):
help empower individuals inthe world about financial trading.
And I know a lot of you beenasking me about, you know, Anthony,
can we talk more about trading?
I want to learn more aboutstocks, I want to learn about more
commodities.
How can my child get part of this?
This is the episode for you.
Welcome, Makarim.
Did I say that right?
Thank you, Anthony.
Really appreciate it.
I love the way, the way yousaid also enjoy the money that you
(01:07):
make.
I love that you said thatbecause a lot of people kind of restrict
themselves and then they feelvery stressed out.
And I love that you said that.
And we want to help manypeople accomplish their goals, you
know.
Yeah.
And so that's one of thepassions and the main question about
all of it is how do we start?
Like, what is a good plan toget started in trading?
Yeah, I mean, when you want todo, when you want, if, if it's trading
(01:30):
that you want to take part in,people come to it sometimes with
the wrong premise.
Okay, so we want to help fixthat first.
Because a lot of people, whenthey come to me and say, hey, I'd
love to learn trading, I cansee that you guys have done really
well in it and other peoplethat you're coaching, but then they
tell me, I don't really wantto work a lot.
I don't want, I don't want tohave rules because I'm escaping my
job to trade.
(01:50):
Right.
And I was like, well, this isprobably going to be more work, more
rules, but it won't feel likework because you're doing something
that you love and you enjoy.
So I think that's the firstkind of misconception with trading,
that we want to help peoplewith that.
If you approach tradingthinking that it's going to just
be this easy kind oflackadaisical thing that you'll do
(02:11):
whenever you feel like it'snot Going to really get you where
you want to get to.
But if you take it in anintelligent, sophisticated approach
with the right mentors andmake sure your mentors are playing
when they're coaching, okay?
Because they can't just becoaching if they're not playing.
This is that kind of a game, okay?
Then it will lead to anamazing, beautiful place in your
(02:33):
life where you will get thefreedom that you want and then you'll
be able to live life in yourown terms, like on your own terms.
But so if you want to get intotrading, I think the first thing
is to know why.
Know your why don't just comeinto it thinking, hey, I just want
to make a lot of money andleave my job, so I not going to work,
okay?
And then after that, take ascientific approach to it.
(02:53):
Like work with someone who canteach you good trading systems, good
trading rules.
Because later you'll become avery good fusion of that and you'll
have your own ways of trading.
Right?
But at least in the beginning,like you know how Tony Robbins says,
success leaves clues.
So make sure you go that route.
Now you talk about thesetrading systems and trading rules.
(03:14):
Do you have like a set ofrules that you follow?
Yeah, like over the years,like, you know, you have to go through
the evolution, right?
So with God's grace, I've beenvery fortunate to have really good
mentors.
And I've been doing this foralmost 20 years now, right.
Since 2005.
And that's another big thing,the longevity in this industry, because
you can get blown up.
Like the accounts can getblown up, you know, and you don't
(03:36):
come back and you never wantto come back.
Right.
But being in it for this longand having witnessed very different
market cycles really helps.
Like our clients who are partof our, like, alternative asset group,
which is bullionite assetgroup, right.
That's where we helpindividuals with retirement accounts
have alternative assets and wegrow their net worth that way.
Then bullionite is where I doall of the trading education, okay?
(04:00):
And one of the things thatI've noticed is you have to have
a set of rules that you'llbegin, that may be somebody else's
rules in the beginning, butthen as you get experienced and as
you go through differentmarket cycles and your emotional
intelligence increases, thenyou will have your own set of rules
that is a fusion of maybe afew different rule sets that you've
(04:21):
learned.
After that, it's your own system.
Now this is very important, Anthony.
Don't go out there and pay$20,000 for a trading system or $15,000
for just one like downloadedapp or something that tells you,
hey, we're going to give yousignals, green lights, blue lights,
you.
It doesn't work like that.
Okay.
You have to put the work in.
(04:42):
You have to put your hoursinto this.
And that's when you willbecome great.
And that's why you need tofollow a certain trading system that
is discretionary, meaning thatsomebody lets you know, how do you
enter a trade?
How do you get out of a trade?
And that's why, you know, ifyou go to our site bullionite.com
or success is relentless,you'll know that one of the biggest
(05:02):
differences that I say is whenwe teach our students or when we
teach our clients, we give youactionable ways of doing this.
There's no point in saying,hey, you gotta put a stop loss, but
they don't teach you how toput that stop loss.
Exactly right.
And that's the big thing.
No.
And also take a trade tocompletion from the entry, to the
management of that riskmanagement of that trade and to the
(05:24):
closing of that trade.
So.
Cause that's one of the thingsthat we hear about a lot, which is
buy low, sell high.
But every time I put my moneyinto the market, it dips.
It seems like I'm buying highand I'm constantly selling low.
How do we like what isconsidered a full cycle of a trade
for you?
Like.
Cause I know trading couldvary depending on who you talk to
(05:46):
from day trading, swingtrading and so forth.
Yeah, I love that you said that.
The different segments.
Right.
Because when you're a completetrader, I like to say it that way.
When you're a complete trader,you have the skills of a day trader,
a position trader, a swing trader.
If you focus on just beingone, you know, maybe in the beginning
you should learn one area.
(06:06):
Definitely.
But later, in order to survivein this, with all the craziness that's
out there in the world rightnow, you have to have the weaponry
in your armor.
Right.
You have to be able to swing trade.
You have to be able to day trade.
Now, one quick thing I want tomention before I go to the first
question you asked about isthat day trading is for everyone
who's listening.
Day trading does not mean youhave to trade every day.
(06:30):
Day trading simply means youget in in the morning and then you
get out before the market closes.
Now, if you made some moneyand then you want, you don't trade
the next day or the day afterbecause there's no Setup, there's
no right fundamentals.
That's okay.
You don't have to press thebuy button and sell button every
day.
So you can tell your friendsthat you're a day trader.
(06:50):
That's a very important thing.
Because a lot of day tradersblow up their accounts or have lots
of frustrations and haveemotional stress over time.
They.
Because they think you have totrade every day or you have to trade
multiple times a day.
And that's one of the thingsthat we helped fix over time.
Because day trading simplymeans you get in and out inside the
day.
It doesn't mean you have totrade every day.
Okay, now going back to yourother question about you tend to
(07:13):
buy high or sell low and whathappens, right?
So let's help your audience in one.
Have one thing before you get there.
Can you go down and talk aboutthe different ones since you already
talked about the day trading?
Just so people, we all on thesame level set as far as the day
trade.
Then you said swing trading,and then.
There'S swing trading andposition trading, right?
So swing trading and positiontrading kind of share some, like,
(07:35):
areas right?
In common.
Like, for example, I'm aposition trader and I swing trade.
And what that means is I liketo build massive positions in a market
and then hold that positionfor a certain time period before
I exit.
Now, that's the only way youmake big money in these markets,
okay?
Now, once in a while, youknow, two out of 10 times you'll
(07:57):
have a big day trade andyou'll make money.
But if you want to make networth, changing money over time,
where you want that freedom,where you don't want to go to work,
the way you do it is you buildbig positions.
So you have to understandposition sizing.
You have to, you have to learnall that right over time.
And that's what we teach.
Now, what that means is youwill have a mathematically primed
(08:19):
area that you believe is areally good entry, which, which is
not because it's low or high,because low and high the markets
really don't care about.
And we'll go, we'll get tothat, right?
But you'll get to amathematically primed area.
You'll build a position.
Sometimes it'll go back and forth.
Swingy, I call it swingy.
Then you'll cost average downand build a better, bigger position.
(08:39):
And then it runs.
And then you have to have yourprofit targets.
And then you say, you know what?
I'm done.
I made my money.
If you.
And here's A rule I have.
If you make more money thanwhat most people make in a year in
one trade, please get out.
If not, the market's going totake that from you.
Okay?
Okay.
This is another thing I have.
A lot of people come and say,hey, I feel it's going to go up.
I feel.
I'm like, are you the market?
(09:00):
Like, do you know everything?
I mean, if you've made enoughmoney in that trade, get out.
The reason why people don'tget out of a trade, Anthony, is because
they don't have confidencesystem to get into another profitable
trade.
That's why people hold ontoextremely profitable trades and not
get up.
Okay, so that's a positiontrade and a swing trade.
So a swing trade also simplymeans it's that pendulum, right?
(09:21):
You're getting in at a certaintime or a certain price range, and
then when it gets to a certainlevel, then you get out.
Okay?
Now here's the difference withposition trading and swing trading,
it's the time.
For example, you might hold atrade for a few weeks or a few months.
Now if you end up holding atrade way longer than a few months,
you're an investor, you're nota trader.
(09:42):
Okay, Keep that in mindbecause a lot of people come in saying,
hey, I'm a trader, I trade.
But I ask them, well, how longhave you held this trade?
Or how long do you.
Two years.
I'm like, well, that's aninvestment, that's not a trade.
Okay.
And then the key thing,Anthony and I love that question
is, don't be the one who flipflops in the middle of that trade.
Like, let's say you get into atrade, it's not going your way.
(10:04):
And then to convince everyonethat you're right, you say, hey,
you know what, I'm okayholding this for another year.
So now you've made a tradeinto an investment.
And that's where all thatboiling frustration comes.
Gotcha.
Okay, so can you go on?
And so this helps out withbuying low, selling high side of
the house.
Yeah, let's get to that.
Right.
So first of all, I think I amon a mission over the last few years
(10:27):
to educate people.
Obviously we're on a missionto educate the youth because we believe
trading is a way that we cangive youth the freedom that they
want.
Especially nowadays with everything.
We'll get to that later.
The monetary freedom that theyneed, you know, because a lot of
them have not grown up yet.
Right.
And we have to help that.
But when you talk about buyand low let's fix this for the audience,
and they'll really, reallyappreciate this.
(10:49):
Markets don't care whether aprice is high or low.
And I'm going to explain thatto you, right?
So the old adage is you buylow, sell high, okay?
Now, in that definition, whatit means is when a price is low,
what it actually means is thatit's cheap, okay?
And you believe that it'scheap to you.
And because you think it's lowor cheap, you want to buy it, and
(11:13):
then you want to get out of itwhen you think the price has gone
up high enough, right?
But markets don't work likethat because markets are limitless,
right?
And this is something elsethat we teach, to have this limitless
philosophy when it comes tomoney and your life and empower empowerment,
right?
Markets don't care about thatbecause here's the reason.
Let's say a price is lowenough for you, but it continues
(11:33):
to go lower.
It's because the market has not.
Doesn't think it's low enough,so it'll keep going lower.
And there are so manydifferent participants, right?
So if you say a $5 stock, likea stock's come down from $30 to,
let's say, $8, and you'relike, oh, my God, that's cheap.
But the market can take it to$2, you know what I mean?
Because it doesn't care howlow something is.
The same way with high.
Like, you know how some stockscan go up, like from $20 to $80,
(11:57):
and then you think, oh, myGod, I want to get out.
But then it goes to 160, itgoes to 200, it goes to 300 because
the market there's not high enough.
So the way you solve this isnever get in because you think numerically
the price is low or never getout because you think numerically
the price is high.
What you need to do is youneed to get in when a market is oversold
(12:21):
and you get out when a marketis overbought.
And let's take a little bit oftime to help people understand what
Oversold and overbought,what's the difference?
Because some people go, it'sthe same thing, isn't it?
Like oversold sounds like it'stoo low or over overbought seems
like it's too high.
No, here's how I defined oversold.
Oversold is a market that hascontinuously come down over time.
(12:42):
And at one point, the sellingpressure is waning and it feels more
and more difficult for it togo lower.
So the next highestprobability direction is for that
market to turn around and thengo up.
That's why you buy oversold markets.
Now, the same thing in thesame breath, you know, is the exact
opposite in overbought.
(13:03):
An overbought market is amarket that has gone up for a significant
period of time, and the pricefinds it very difficult to go higher,
right?
It'll keep bouncing.
And like, for example, gold,right now, gold's gone from $1,800
an ounce to $3,500 an ounceright now for the last, like, month
and a half or so.
Gold's trying to go up, butit's hot.
That's why you shouldn't bebuying gold.
You should be buying silver,because silver hasn't gone up yet.
(13:26):
Right?
Now what you need to do iswhen you see that happening, you
get out of that market becausethe highest probability direction
for that market is to turnaround and come down.
So a lot of people go, okay,Mukara, if I want to get in on oversold
markets and get out inoverbought markets, how do I really
do it?
Well, there's a very simplemathematical indicator that will
(13:47):
tell you when a market isoversold and overbought, and that's
called a relative strengthindex rsi.
If you want to learn moreabout it, you want to learn how to
use it, because there are somenuances to.
It will go over.
Reach out to me, you know,through the podcast with the links
we give you.
But that is the best way thatyou can get into a market and get
out of a market and then setup your trades.
(14:09):
That's great, because one ofthe things I always struggled with
was the rsi.
Like, I've seen it.
I was like, okay, is it closeto one?
Is it not close to one?
Gotta.
Gotta come back up.
It's because.
So where that comes from,Anthony, is because the premise of
the trade is.
Is based on fundamentalresearch rather than the math, right?
(14:30):
So here's what I always say.
Fundamentals are great, butfundamentals are things that everyone
knows, or some people knowsomething before other people.
Usually people with more moneyknow something before other people,
right?
So that's the problem.
Like, I, you know, I mean, Ilive in, you know, Newport Beach,
Irvine area.
Like, that's where our office is.
I mean, if you look behind us,there's more money here than most
people places in the world,you know?
(14:52):
But what I will say is, evenif you put all that money together,
you still won't knoweverything that's going to happen
in every country in everysituation, right?
That's true.
So that's why the news or thefundamental analysis should not be
the premise of the trade.
So here's how you should builda trade based on the math, right?
Because the price action willtell you everything.
(15:12):
And then you build the tradeon, you know, primed math.
Then what happens is when yourfundamental analysis ends up being
right, it makes a good trade extraordinary.
That's what happens.
So when the fundamentals comeinto play, it makes a good trade
extraordinary.
And that way you won't, youknow, you won't be frustrated because
I mean, look at where we aretoday, right?
We're with, you know, in atime in our country where we have
(15:34):
an administration that's verynews cycle oriented and it's also
affects the markets every day.
Now imagine if someone'strading just based on the news, hey,
what's going to happen thesummit yesterday or what's going
to happen over the weekend orwhat's going to.
Then it's really going to getthem like whipsawing everywhere and
then they'll lose a lot of money.
That is.
So you set up the trade basedon math and then let the fundamentals
(15:55):
come in and then it'll make agood trade extraordinary.
Okay, that makes a lot of sense.
Now I need to get better at that.
So I more than likely mightneed to sign up for the youth program.
Can you elaborate a little bitmore about that youth program that
you guys have?
So you know, a couple yearsago, as you know, with God's grace,
as we continue to grow andwe've done well in the markets, we.
(16:17):
One of the things I noticedis, you know, especially since I
have kids as well, right, Inoticed that kids are losing their
desire for really gettingeducated about something or getting
good at something, right?
Because like I have my.
Now he's 9, but he's 10.
Yeah, he's about to be 10.
(16:38):
But he comes up to me a coupleyears ago and he goes, well, I don't
really need to go to collegebecause Mr.
Beast makes so much money onYouTube right?
Now when I, when I hear that,I didn't upset me because I love
the social economy, I lovewhat it's done for the youth and
where they can go.
Like There are people, 21, 22year olds who are multi millionaires
now because of that, right?
(16:59):
But what I've noticed is a lotof these individuals because they
lack those foundationalskills, they don't know how to manage
that money, they don't knowhow to sustain that Business, they
don't know how to keep it forthe next 10 years and then build
a legacy.
So this is why I thought tomyself, hey, trading is one of the
best ways of creating wealthbecause I call it creating money,
(17:22):
you know, and that's why ifyou go to my website, you'll say,
you know, the concept of moneyis limitless.
And then we call creation ofmoney not earning money.
Because everyone lives in therules of earning money.
But when you start shiftingyour mindset to creating money, all
of those rules don't apply.
Everything that our parents,our grandparents, our teachers, our
professors taught us, itdoesn't make sense when you start
(17:43):
creating money, you know, andthat's something that we want to
teach.
The other thing is, I'mnoticing that a lot of the youth,
like either they are motivatedor if they're not motivated, then
they end up being late andlate and late, right when they get
out of the house or they buildtheir own life, right?
They're not like foreverliving with their parents.
So what I, what I wanted to dois for the ages between 16 and 22.
(18:06):
Now I chose that veryspecifically because that's about
a junior in high school and ajunior in College.
Anywhere between 16 to 22 iswhere the most kind of impactful
and that's the most importanttime in their life when they're deciding
some things, right?
Like when you're in highschool and you're a junior, you're
just becoming that personwho's taking a little bit more responsibility.
(18:28):
When you're a junior incollege, you're understanding, hey,
I've messed up or I have to dosome more things, right?
So what I want to do isbetween the ages of 16 and 22, I,
I want to teach them thisbeautiful skill of how to create
money from an idea that comesup in your brain that becomes something
that allows you to click a buybutton and a sell button and make
more money than most peoplesometimes make in a year, right?
(18:49):
But, but you can't just teachthat that way because for me is 75%
mental, 25% skill.
So in this program, what I dois I help the kids understand all
of these mental skills.
Confidence, becoming a warriorin your mind, right?
And then understanding how todeal with adversity.
Because your emotionalintelligence, because there could
(19:09):
be 50, 60 year olds, you know,they have a bad trade and their emotional
intelligence is low, so theymess up the next five traits.
So these are things, if we cangive those skills, like I was thinking,
if I was given those Skillswhen I was 18 years old or 19, I
mean, today it would be a waydifferent place than, you know what
I mean?
And I want to give that backor pay it forward to these, to the
(19:30):
youth, because that's ourgeneration, man, like nowadays, you
know, I mean, look at, look atwhat's going on around the world,
right?
Yeah.
Give me that.
And that's why I'm doing that.
And hopefully, you know, withGod's grace, you know, individuals
like you and podcasts, we wantto spread this as much as possible.
And here's how the program works.
It's a 12 week session where Iteach every week, my way of trading
(19:53):
on top of all the mental skills.
Then after the 12 weeks, thepeople who are chosen, right, they
go through a kind of anapplication process and then there's
an interview process and thoseeither 10 kids or whoever that are
chosen for that group, thenthe three best students of that 12
week session are then given$10,000 to trade.
Wow.
Okay, now whoever.
(20:15):
So that's 5,000 for the, forthe first, 3,000 to the second and
2,000 to the third.
Right.
Whoever makes the bestpercentage return from that money
in the next 30 days or 60 daysgets to keep all of it.
Wow.
Yeah.
And we call it the BullioniteTrader of the Year, the Young trader
of the Year.
And I think that is reallygoing because I have some people
(20:35):
who've gone through thatprogram, some youth, you know, sometimes
18, 19 years old, and they'vecome to me and say, hey, Mukara,
I'm changing the way I'm doingmy college courses now.
I'm choosing things that'sgoing to help my destiny, you know,
not just follow a path andthat's the reward.
And then what, what happens isif they're really good, they also
have the ability to becomeprop traders with us down the road.
(20:57):
So that's another career pathfor them.
I like the pipeline.
Like, I'm a businessstrategist at heart.
Like, I love the pipeline.
Get them in, get them educated.
And also when you hire themon, you already know their skillset.
Yeah.
Because the other good thingis we like people who want to learn
it from the grassroots up, right.
We don't want bad habits.
(21:18):
Right.
So individuals who havecreated for 10 years somewhere else
have really bad habits, gonethrough burnout.
But also we want to give theyouth like, hey, there is a career
for you, there is an opportunity.
But you have to be good, youhave to be elite.
You can't be mediocre becausethat's what's happened?
Everyone wants to be mediocre, right?
And that's the message we'regiving the youth.
(21:39):
Hey, if you excel, if youbecome elite, the world is yours.
And I think they got lostalong the way as the generations
have been on, because like yousaid, there's so many cameras being
put on people now that theylosing sight of, you know, that passion
behind going all in and doingthe work.
(21:59):
So going back to like makingthat money, how do you, I say, what
is the strategy or tacticsthat the person has listened to this
to kind of get out of thatscarcity mindset around money, to
kind of go to that abundance mindset?
Beautiful question, man.
I love it, I love it.
Um, and you know, I like totake things in layers, right?
(22:22):
So let's give this in likelayers so people have an actual actionable
way of making a change todayafter the show, you know.
So first, in order to get tothat abundance mentality and getting
out of that scarcity mentalityyou have with money, first you have
to change the definition ofwhat money is to you.
Okay?
And I'm going to help peoplewith this.
Money is not your currency,time is your currency.
(22:45):
And quickly, I want people tounderstand why I say this, because
there's unlimited amounts of money.
I mean, just look behind me,you know, or go to any great city
in the world, you'll seethere's unlimited amounts of money.
So money is not scarce.
Right?
It's an unlimited resource,but time is limited for the human
(23:06):
being.
So here's a very importantmindset shift that you have to do.
Do not exchange a limitedresource for an unlimited resource
without a massive value transaction.
You have to get value, notprice for that.
So if someone comes and says,hey, I'll give you $20 an hour, no
thank you.
Right.
You can start off when you're young.
(23:27):
Yeah, you can start, but have.
That's why we're teaching thisto the 16 year olds, 18 year olds,
20 year olds.
Yeah, you can go toMcDonald's, you can work there.
You can.
It's okay because you needthat, right?
But always remember, you wantto give more and more value so that
the, the amount of money thatthey're going to give you is going
to be significantly higherthan the amount of time that you're
going to give somebody.
(23:48):
Right?
That's number one.
So that's the first way to getto that abundance.
The second thing is tounderstand money in all ways of defining
it is a created asset.
Like our Fed prints it everytime, right?
So you can't quantify money.
This is very important, people.
You can't say, hey, thatthing's too expensive, so I don't
(24:11):
want to buy it.
Right.
Because this is a crazy right?
Like there are watches thatare $300,000.
There are watches that are$1.5 million.
That should tell you thatmoney has no value, really.
You know what I mean?
And that's why don't make itmiserable for yourself by saying,
hey, I shouldn't drive abeautiful car.
I shouldn't live in thisbeautiful neighborhood.
(24:32):
I shouldn't let my kids havethese beautiful things.
Because those things, if yousay it that way, you're quantifying
money.
And when you quantify money,what happens is you have the shackles
of poverty on you.
I didn't even think about that.
Shackles of poverty.
Yeah, it puts it in your mind.
And here's the best way I explain.
Shackles of poverty.
Right.
A lot of the listeners mayhave gone to San Francisco.
(24:55):
I'm sure you would have been there.
Right?
You have the bay, and then youhave Alcatraz.
It's like you put in Alcatrazand asked to look at the bay and
say, hey, well, that's the view.
You can't get it.
Okay?
That's the problem when youkeep saying, I can't afford it.
All those words.
Right?
You know how Bruce Lee saidwords are like spells, right?
Yes.
Yep.
Don't say scarcity words toyour children, to yourself, to your
(25:18):
significant others, like, Ican't afford this.
Oh, this is too expensive.
Because then you're makingmoney limited.
And therefore that abundancedoesn't come in your life.
Now, here's my final pointabout this, okay?
And this is a beautiful secretabout the universe.
The universe will only refillyou if you empty yourself.
And this is very important.
(25:40):
If you have knowledge, spreadit, give it out.
Don't hold it.
Proprietary knowledge.
I don't want people to knowhow I make money.
I don't want people to dobetter than me.
So I'm not going to give themmy secrets.
Right.
Then the universe is not goingto give you more knowledge.
If you have time and you holdon to your time, give.
Universe won't give you more time.
You know how some people say,hey, 24 hours is not enough?
(26:02):
It's because they don't havethe blessings in their time because
they don't give from their time.
You know, and the same thingwith money.
Don't hold on to your money sotightly because the universe will
not refill you.
Now, here's the beautifulthing about the universe, because
the universe is limitless.
Unlike us.
It only refills you when itthinks that you deserve it, right?
That's number one.
So that means you have to begiving from your knowledge, your
(26:24):
time, your money, your expertise.
The other thing is, becausethe universe is so powerful, when
it refills you, it alwaysadvances you to the next level.
It's beautiful.
And there's a scripture forthose of you who are listening.
They do talk about like, ifyou give and you supposed to get
tenfold on whatever yourgivings, which is man, you preach
in a day.
But you know, we, we have tohave those principles, right, that
(26:46):
guide us.
And then you realize that whenyou sit and reflect and you have
a self care routine on a dailybasis and you're connecting whoever
you call, like a source oruniverse or God, right?
When you're connecting, thenyou're given that, that wisdom where
you're thinking like, okay,how do I do this?
How do I get through these challenges?
Because I remember you askingsome in one of your podcasts about
(27:08):
how have some people gottenover their adversities and things.
Like the way that happens iswhen you connect with your source.
And that's what you just said,you know?
Yeah.
And so Makaram, how has itbeen with the conversation of your
parents now that you've beendoing this for so long?
Like, did they instill youinto this or were you just like,
you know, I don't feel likeworking for anybody else.
I need to learn training.
(27:28):
Like, I just need to get this right.
Well, I mean, that's aninteresting story because my dad's
a doctor, right.
And I was supposed to go tomedical school.
I actually went to the, one ofthe baby doctors programs, you know,
in Florida at University ofMiami during the summer program that
they had while I was incollege, right.
And I remember when I wasthere when the dean of the med school
(27:49):
at that time of that programasked me, hey, are you coming back?
And I said, I'm not comingback because there's 13 more people
who deserve to be here than I do.
Because I wasn't happy.
I wasn't, you know, at 4am inthe morning, we were doing cadaver
dissections at theJacksonville Memorial Hospital as,
as part of that summer program.
And I liked it, I was good at it.
But then I was like, hey, thisis not what I want.
It doesn't make me happy, right?
(28:11):
So I was given an ultimatum bymy dad.
He was like, hey, if you'renot Going to do this, you got to
pay back everything.
I paid you for college.
Wow.
Yeah, pretty much.
So then I said to myself, hey,I mean, I got to figure this out.
It's not his fault.
Because there was anagreement, right?
We make agreements with people.
That's good.
And then I think that fueledme, and the universe helps you when
(28:32):
you know your why.
I knew my why.
Like, I didn't want to bearound inside hospitals, Right.
It wasn't making me happy.
So I knew my why.
I wanted to help people in adifferent way.
And.
And for me, helping peoplemake money or create money is a big
deal.
And it really gives them somuch freedom.
Right.
And so that's why.
Now here's what's happened.
(28:52):
What happened after that, Godwilling, went with time, and I was
able to do that, and then Iwas able to get to the abundance
over time.
Right now they don't sayanything because you help them, you
take care of them.
They don't say anything.
They're like, oh, this is great.
You know, this is a goodchoice that you made.
That's how it always is withparents, right?
Parents, God bless them, theylove us.
(29:12):
They have the most love foryou that they can, you know, even
if they don't show it to you sometimes.
But I think it's important forus to know what speaks to us and
communicate that with yourparents and then be able to, without
causing too much of a rift,show them, hey, I think you've done
your job and I can go from here.
Yeah.
(29:33):
And I think that's the proudmoment of a parent to really say,
like, you know what?
I can trust them out in theworld today.
Yeah.
And I think it's alsosomething that I've realized because
since I've had kids, right.
And you know, we do, we gothrough different phases, Right.
We become very controlling.
We become this helicopter parents.
And then we started saying,okay, start reading all these books
and figuring out, like, let'sdo a different, different strategies.
(29:55):
But I think the best thing iswhen you can have that balance of
allowing them to shine withoutbreaking down the boundaries.
Because one of the biggestthings with kids, because I remember
you and I, when we talkedabout, you said, you know, a lot
of the viewers have kids andwe want to help kind of make them
understand.
The biggest thing that I alsoteach in my program is the decision
making matrix, because theyouth and kids, if they're not taught
(30:19):
how to make good decisions,they tend to ruin their lives very
early on.
And then it's a hole that theycan't really get out of.
Right.
So it's very important that weteach our kids how to make good decisions.
And there is a formula for that.
And, and I think that'simportant for parents.
Okay.
I definitely going andbringing back memories for the decision
making matrix.
Like we use that a lot even inrisk management.
(30:41):
Like everything has a matrixfor, for what you need to put together.
Man, this is great.
So as the person is listeningto this is like, okay, we understand
how billion I is out therehelping out everybody.
We understanding who Makarim is.
What does the future look likefor Makarim?
The future is definitely in agrateful path.
(31:03):
Okay.
Where following some of thecore principles that have allowed
us to grow not just inbusiness, but also as human beings
and to make sure that wecontinue to raise other people.
We have to raise other people.
Right.
That's why I love my prop traders.
We want to make sure that theyget better and better.
I would love to see them openup their own firms and do their great
(31:23):
things.
Right.
That's why we do the youth program.
So for me, I definitely wantto continue to build the different
revenue streams.
That's one of the big reasonsthat I think with God's blessings,
we are where we are todaybecause we have multiple revenue
sources.
Right.
That's why, like I said, wehave the alternative asset group
where we help clients withalternative assets.
Then we do cryptocurrencies inretirement accounts and outside retirement
(31:45):
accounts.
We do gold and silver,physical gold and silver.
We do real estate.
And that was over time becausewe've been doing this for 15 plus
years, almost 20 years, justas an individual.
Right?
Yeah.
And that's the goal.
Right now we're expanding intointernational Airbnbs.
Right.
In different countries.
Because we're looking at that,especially with some of the changes
that have happened with thedollar and everything over the last
(32:07):
few years.
The dollar goes furtheroutside the country.
Right.
And so the future is buildingdifferent layers of multiple revenue
sources, but not just forgreed, but to raise other people
to their high levels of accomplishment.
I like that.
So is there anything that youwant to leave the audience with before
(32:27):
we dive into the final four questions?
I hope we were able to give asmuch value as we can in the short
time.
Right.
And I think we try to go intosome areas that are a little bit
controversial, but at the sametime, we're trying to fix people's
mindset with that.
Right.
And I think what I want peopleto know is if they're, if they're
looking for us, ouralternative asset firm was called
Blackstone Commodity Group.
(32:48):
It's now changed to BullioniteAsset Group.
So if you want to go to, youknow, if you have a retirement account,
if you have questions about,hey, how do I increase my net worth
with this new philosophy, youcould go to blackstonecommodity.com
and also bullionite.
Okay.
Bullionite is the tradingeducation arm of my company where
we help people, coach peopleon trading and things like that.
So that's one.
So if you want to learn how toreach out to me.
(33:10):
The other thing is I alwaysgive my office direct number 949-200.
If you have something that youwant to make a change in your life
and with.
With your path right.
In financial path, give me a call.
My executive assistant is Crystal.
She'll schedule an appointmentand we'll talk just like this.
The other thing is, I wantpeople to walk away from this interview
or this podcast knowing thatabundance mentality will give you
(33:35):
the freedom that you'relooking for.
And I think we touched on howto get there.
So if you want to go andlisten to that a couple more times,
that's what's going to makeyou happy.
Because happiness is an insidejob, right?
Yeah.
So that's kind of what that is.
That's one of the things I'dalways say.
I have a small phrase.
I actually created a shirt,but I haven't put up on my website
(33:56):
in a while.
Pulled it down, but it'scalled uncomfortably happy and meaning
that you have to really be inan uncomfortable space.
But happiness is that choiceand you have to be just everything's
around you is going to chaos.
You just got to be happy inthe chaos.
Until you find your truehappiness and understanding that
really the true happiness isyou, you can always smile.
(34:18):
Love it.
That's great.
That's a great episode.
So final four questions arethe final four questions that we
ask every guest so we can getto know a little bit more about you.
Are you ready?
Yeah, sure.
All righty.
So number one, what doeswealth mean to you?
(34:41):
Wealth simply means that youcan say yes to the things you want
to say yes to and no to thethings you want to say no to.
That's what wealth is for memost simplest.
I like that.
Number two, what was yourworst money mistake?
My worst money mistake was nottaking losses early, holding onto
either trades, thinking withan ego that I'm right, my thesis
(35:02):
is correct, even though thingshave changed around me.
And Hopium.
Hopium is the worst thing whenit comes to money, right?
When you make a mistake, cutyour losses early so you can go back,
do another trade, make thatback, and then some more.
Awesome.
Number three, is there a bookthat inspired your journey or changed
your perspective?
I mean, there's many books.
It's hard to give you one, but one.
(35:23):
It's very interesting how wesaid 1.
The book, the title of thebook is the one thing.
I love that book.
I love that book because ittaught me two things.
In that book, it talks aboutthe domino effect, and I know everyone
talks about the domino effect, right?
The compounding effect and all that.
But there's an image, and Ithink you'll see it online, or you
can Google it, where it showswhere if you take the right dominoes,
(35:45):
right, starting from thesmallest domino, and then you start
putting it down, somewheredown the road, one domino, it reaches
the moon.
That's the leverage power thatyou have.
And to me, that really shapedme because what that told me was
if you micro things and takethings step by step, day by day,
then one day you can reach themoon, you know?
So the one thing.
(36:06):
It's great, such a great book.
I have to go back and readthat one.
That's such a good book.
Yeah, I loved it.
Number four, what was your.
What is your favorite dish to make?
To make.
I love to cook.
I'm not a great cook where Ican put all the ingredients together
and I know how everythinggoes, but I do cook some.
Some really good dishes.
One thing that I love is agood fish with olive oil and Turkish
(36:28):
rice on the side.
That's called bulgur wheat.
I think.
Now, the reason I like it thatway is because it brings out the
taste of the fish.
It's simple.
It's like my philosophy, don'tovercomplicate things, execute.
And then it's such a delicious dish.
I'm gonna have to definitelytake a look into that.
Is there any type of fish?
Yeah, branzino is good.
Sea bass is good.
Mahimahi is a little bitdifficult with that style, but most
(36:51):
of the white fishes are great.
Okay.
All right.
I'm going to have to try thatout one day.
All right, so this is the verylast question, which you already
answered before, but this isjust to kind of wrap up the show,
which is where could peoplefind out more about you?
Yeah.
Quickly.
Thank you.
I appreciate you asking me that.
Again, if you have an IRA401K, a previous 401K, and you want
to get involved in alternativeassets, you can get in touch with
(37:13):
Blackstone Commodity Group,which the name is getting changed
to Bullionite Asset Group.
Right.
So you can still go toblackstonecommodity.com somewhere
in the next couple of weeks or so.
That will forward toBullionite and then you'll see Bullionite
Asset Group.
I've given my phone number 949-200-7047.
If you want help with trading,you're a novice, you're green, or
you have never done it oryou're a senior trader.
(37:36):
You want to learn more, youcan get to my education side of Bullionite
and then get in touch with us there.
Infoullionite.com is the emailaddress and then Bullionite is the
website where we can help youwith the trading coaching.
And that's also where we hostour young trader of the year competition.
All right, well, Karim, thankyou so much for coming on the show
today.
(37:56):
Definitely listener, if yougot anything out of this or, you
know, somebody that is goingthrough some tough times right now
with the scarcity mindset andthey just trying to get out of that
rut financially and they justdon't know where to go, definitely
share this episode with them.
And remember that you onlycould put one shoe on at a time.
Time.
Don't try to make things complicated.
(38:16):
Tie your laces.
All right, everybody, we out.
Thank you, Anthony.
Appreciate it.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com