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>>> ALL WEEK ON "FAST MONEY,"
WE'LL BE TALKING TO TRADERS WHO
STARTED TRADING VERY YOUNG.
EXTREMELY YOUNG.
EVEN OUR "FAST MONEY" TRADERS
WEREN'T BUYING AND SELLING
STOCKS BACK IN HIGH SCHOOL.
BUT THEY WERE SPORTING
'80s-STYLE OUTFITS.
BRIAN KELLY IN THE LAST ONE.
HE CLAIMS THAT "MIAMI VICE" WAS
VERY HOT.
>> IT WAS VERY --
>> YOU WERE HOT YOURSELF, THERE,
IN THE WOODS, IN YOUR DAN
JOHNSON OUTFIT.
>> I HAD WHITE SHOES ON, TOO.
>> KAREN LOOKS SO GOOD.
>> YEAH.
>> AND THE RACKETS.
>> I HAD A LITTLE BIT OF A
TEMPER.
>> GUY, YOU JUST STEPPED OUT OF
YOUR IROC-Z?
>>> TWO TRADERS STARTED A GROUP
FOR THEMSELVES.
AUSTIN SCHWAB AND JULIAN
MARCHESE ARE PART OF THE
INVESTOR CLUB.
AUSTIN, I'M GOING TO START OFF
WITH YOU.
YOU STARTED TRADING AT 10.
WHERE DO YOU LIKE TO INVEST
THESE DAYS?
>> OVERALL, I'D SAY A GLOBAL
RECOVERY REMAINS INTACT.
BUT RECENT ECONOMIC DATA HAS
MADE IT HARD TO GET A GOOD FEEL
ON WHERE THE GLOBAL ECONOMY'S
HEADED.
WE'VE SEEN WEAK GDP AND TRADE
DATA OUT OF JAPAN, DISAPPOINTING
NUMBERS OUT OF THE U.S.
AND EUROPE RAISES QUESTIONS
ABOUT THEIR MONETARY POLICY.
IN JAPAN, WE'RE LOSING MOMENTUM
AND WON'T SEE A CATALYST THERE
UNTIL NEXT QUARTER.
ULTIMATELY, I THINK THE WEST WAY
TO BE FOR A MACRO INVESTOR IS IN
EUROPE OR THE UNITED STATES.
THE FEDERAL RESERVE SEEMS RATHER
OPTIMISTIC ABOUT CONTINUING TO
TAPER THEIR QUANTITATIVE EASING
PROGRAM, DESPITE A STRING OF
UNEXCITING NUMBERS.
WHEE SHOULD EXPECT PRESSURE ON
THE EUROPEAN EQUITIES AND THE
EURO, AS WE FACE EVENTS IN THE
UKRAINE.
>> AUSTIN, HOW OLD ARE YOU?
>> I'M 17 YEARS OLD.
>> ALL RIGHT.
WOW.
>> JULIAN, I'M GOING TO GO YOU
NOW.
YOU STARTED WHEN YOU WERE 11.
WHAT ARE YOUR FAVORITE TRADES
RIGHT NOW IN YOUR BOOK?
>> RIGHT NOW, I REALLY LIKE LONG
S&Ps.
I'VE BEEN BUYING THE S&Ps SINCE
THE DIP BACK IN LATE JANUARY TO
FEBRUARY.
WE CURRENTLY ARE SEEING SOME
REALLY GOOD HIT PATTERNS.
THAT'S BEEN A GOOD BUYING
OPPORTUNITY, IF YOU LOOK AT PAST
INSTANCES OF FUND GAP DOWNS.
ALSO, WITH REGARDS TO THE EVENTS
OCCURRING IN THE WORLD RIGHT NOW
THE STRENGTH OF THE MARKET AND
ALSO LOOKING AT THE CHINESE YUAN
CURRENCY, THE BEATING IT'S BEEN
TAKING, CONSIDERING THE SUPPORT
WE'VE BEEN SEEING IN THE S&P
500, THAT'S REALLY GOOD.
I CONTINUE TO LIKE S&P FOR THE
LONG TERM.
>> AUSTIN, IT'S KAREN.
LET ME ASK YOU SOMETHING.
IN YOUR STRATEGY, HOW MUCH
RISK -- WHAT'S YOUR RISK
TOLERANCE?
HOW MUCH MONEY ARE YOU WILLING
TO LOSE AS A PERCENTAGE OF YOUR
BOOK?
>> YOU GUYS ARE BOTH REALLY
YOUNG.
YOU CAN GO LONG OR GO ALL-OUT.
YOU KNOW, TO THE WALL.
>> THEY CAN BE MORE AGGRESSIVE
THAN THEY SHOULD BE.
>> I'M JUST SAYING.
TIME IS ON THEIR SIDE.
AUSTIN, WHY DON'T YOU ANSWER
THAT.
>> ABSOLUTELY.
I THINK I TAKE A VERY
CONSERVATIVE APPROACH TO
INVESTING.
BEFORE I GET IN A TRADE, I'M NOT
BIG ON RISK MANAGEMENT.
I ANALYZE THE OVERALL MACRO
PICTURE.
AND THEN, I GENERATE TRADE
IDEAS.
>> JULIAN, WHAT'S YOUR RISK
TOLERANCE, AS WELL?
DO YOU DABBLE IN INDIVIDUAL
STOCKS?
WHAT'S YOUR TOP HOLDING RIGHT
NOW?
>> MY TOP HOLDING IS S&Ps RIGHT
NOW.
I'M LEVERAGED IN THAT.
I ONLY TRADE MACRO MARKETS.
I HAVE SHORT POSITIONINGS I GOT
INTO TODAY IN GOLD.
THE REACTION WE'RE SEEING IN
THOSE MARKETS WITH THE RELATION
TO THE RUSSIA/UKRAINE RELATIONS
RIGHT NOW IS OVEREXTENDED.
IN REGARDS OF A FIGURE OF GROWTH
I'M LOOKING TO TAKE, USUALLY
TRADE 1% TO 2%.
PRETTY CONSERVATIVE FROM A BROAD
PERSPECTIVE.
>> I DON'T KNOW WHAT I WAS DOING
WHEN I WAS 17.
I DIDN'T SPEAK ABOUT THE
MARKETS.
WHAT'S YOUR PLAN HERE?
WHAT DO YOU WANT TO BE WHEN YOU
GROW UP?
>> I'VE ALWAYS HAD A VERY
ENTREPRENEURIAL MINDSET.
I'VE BEEN INVOLVED IN BUSINESS
SINCE I WAS A KID, FROM LEMONADE
STANDS TO COMPANIES.
I STARTED INVESTING AT AGE 9.
FROM THERE, I FOLLOWED MY
PASSION THROUGH AND LEARNED
GLOBAL MACRO.
I PLAN ON GOING TO COLLEGE.
AND HOPEFULLY FROM THERE, I'LL
GAIN EXPERIENCE IN THE INDUSTRY.
MY DREAM IS TO BECOME A HEDGE
FUND MANAGER.
>> JULIAN, HOW ABOUT YOU?
>> SAME HERE.
AUSTIN AND I HAVE BEEN TRADING
SINCE AN EARLY AGE.
I GOT INTO THE MARKETS WHEN I
WAS 8.
MY DREAM IS TO GO TO A GOOD
COLLEGE OR UNIVERSITY.
AND DOWN THE ROAD, HOPEFULLY SET
UP MY OWN ASSET MANAGEMENT FIRM
WHILE BUILDING AND PROMOTING
RELATIONSHIPS LIKE THE LEADERS
INVESTMENT CLUB TO PROMOTE
EDUCATION TO YOUNG ADULTS
GLOBALLY.
>> YOU ARE SETTING GREAT
EXAMPLES OUT THERE FOR YOUNGER
YOUTH.
THANKS FOR JOINING US.
APPRECIATE IT.
AUSTIN SCHWAB AND JULIAN
MARCHESE.
THE CO-FOUNDERS OF THE LEADERS
INVESTMENT CLUB TODAY.
GUY ADAMI, DID YOU KNOW ANYTHING
ABOUT THE MARKETS?
>> I WAS A LIFEGUARD.
>> I WORKED AT CAR VAL.
>> THE FOOD COURT WASN'T REALLY
MUCH ABOUT STOCKS.
THOSE GUYS ARE IMPRESSIVE.
>> LOOK AT HOW SHORT THOSE CATS
WERE.
>> STAY TUNED.
>> WHAT COLOR IS THAT BOW TIE?