What would you be advice to be to these people of like, I make 40 grandiard just pumped

$20,000 into some spot ETF trade, whatever that is? But that's not how investing works. Well, now, do you see the 5x ETFs that got launched yesterday or got filed? This is fucking crazy. I don't know what I can't care saying? What is it? What is it called? Fiveix? If you go, uh, five X levered ETFs, um, so So there's ETFs on single names, right?

So you can go, you can, or I'm sorry, there's ETFs that usually are a basket, the S&P 500, NASDAQ 100, et cetera. Recently, over the last two or three years, people have started to do 2X ETFs. And they position them as trading tools. So they say, hey, listen, you can go two times long by just buying this ETF. You don't really need to understand leverage. You just buy the ETF. And let's say you're going into an earnings call or something and you want some leverage on a single name stock. Well, of course, 2x comes out. They're very popular. Somebody launches 3x. Yesterday, I saw, it's the first time I had ever seen. I don't know if there's been other ones, but this volatility shares, they launched 5x levered ETFs. So you can buy a single name ETF that has 5x leverage embedded into it. So you know retail's going to go buy it, right? You get 5x leverage. Of course they're going to buy it. I think we're playing a dangerous game. Isn't this just sort of similar to sports gambling? I was like, we're going to do a 10 team parlay and we're going to. Crypto does it.

Crypto often. I think we're playing a dangerous game. Isn't this just sort of similar to sports gambling? I was like, we're going to do a 10-team parlay, and we're going to...

Crypto does it.

Crypto offers 50x, you know, leverage, right? In some of these exchanges. So again, it's like if, what's the saying on Wall Street, like when the ducks are quacking, feed them. but I mean that's what the platforms are doing is they're saying, hey, these folks want this stuff.

So we're giving it to them. But again, I think that when you start getting into this 5x levered ETF world, right? Like, is somebody going to come out with 10x levered? A regulator is going to approve that. What happens when the article comes out in the New York Times or Wall Street Journal about the people who all got blown up, you know, holding the 5x lever thing. There's, if you look at,

do AMD ETF blow up? There was a AMD, uh, ETF. I think it was like a 3x or 2x, uh,

uh, ETF that, um, yeah, here you go. So when Open AI announced this deal with AMD,

obviously the stock price exploded, went up 38%. And the granite shares,

I think 3x levered fund, I think that's the one, it blew up. Net asset value went to zero,

meaning that if you were holding that ETF, you lost all your money because it was a 3x short

ETF. So you're basically three times levered short on a stock that goes up 38% off of an announcement. So like that is a perfect example where I think that people are sitting there and they're saying, hey, you know, I think AMD is overvalued. It's going to go down. Let me put 3x leverage on. Like leverage is a hell of a drug. Tom, where are you out with this? Well, there's two things here. First of all, there's also gamification, and there's things that are happening. And if you go look at Reddit and you look at the Reddit threads on there, and I don't mean just Wall Street bets and Roaring Kitty and all that goes with that in the meme stocks, you go and look at things like, I've been doing this test so that we can come back with a number screen and do a little segment on it.

And what I did was, you know, I read about these guys, Autopilot.

What is Autopilot?

Autopilot is very simply automated trading based on a formula.

So you could go to Autopilot and you could select the Nancy Pelosi portfolio and connect it. So I said, I'm going to do a test. So on July 1st, I took $50,000.

I created a simple Robin Hood account, basic. And then Pat, I went to autopilot, filled out the credentials, and said, okay, autopilot, you can trade the $50,000 in my Robin Hood, according to the Nancy Pelosi disclosures.

You did this.

I did this.

And I am at this, this is just a little test.

So it's just a small test in a real world environment.

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