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Comparing Trading Platforms | $1,500 Charts or Free? [My 2021 Platform Recommendation] - YouTube
Channel: ClayTrader
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hey it's clay at clay trader.com and
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what I want to do here is compare free
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charts verse well relatively expensive
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charts now I'm not going to tell you
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which is which right now because I just
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want you to visualize and observe both
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of these situations without any sort of
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bias meaning where I can because I think
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I see myself doing where I'm like oh
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yeah that one's definitely faster
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because but in the back of my mind I
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know which is which so what I want to do
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here and to set up little context is
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right now we are looking at s py both of
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these are one minute charts one minute
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means that each one of these
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candlesticks as recalled represents one
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minutes worth of time so each or one
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minute each or for the s py so the big
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thing becomes watch the prices over here
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and then right here also you can watch
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the shape of the candlestick so there's
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that candlestick currently moving this
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is again in trading jargon what we would
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call real time data so this is playing
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out real time and the question becomes
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does one look faster than the other or
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do they look quite similar and I'm just
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gonna let it roll right now and let's
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just observe and like I said there's
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some you know good action going on right
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here but this is just illustrating and I
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would so we're at 276 eighty nine to
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seventy seven to seven so did you see
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what I mean it's just it's too hard so
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all I can really say is you're gonna
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have to look and make the comparison on
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your own and what are you trying to
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compare if you're brand new again one
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way you can do it is just look at the
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prices right here the other way you can
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do it is look at the actual shape of the
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candlestick again that is the
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candlestick that it's currently forming
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and I say currently forming because like
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I said this is real time data this is
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what's playing out as we speak now down
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here another way you could do it this is
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actually from my platform where you can
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see the current prices right now inside
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bid first inside ask if you do if you
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have no idea what I mean by that just
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just ignore that I don't want to confuse
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you it's nothing complicated but for the
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sake of this video I just want to
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compare these two charts because again
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one of them is quite expensive and I
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suppose expensive is a relative term
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maybe for some of you you would just be
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like no that
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nothing but one of these believe it or
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not is free so the question becomes
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which one do you think looks faster do
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you think it's the one on the left over
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here or do you think it's the one on the
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right or would you just say you know
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what that they they look pretty similar
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to me and as I look I'm not quite sure I
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can tell which one is faster like it
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does this is one of these getting data
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quicker than the other one from what I
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see if anything I seems to be pretty
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much a tie I mean I'm looking over here
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I see 25 but again just very difficult
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so it's 10 and therefore it yeah it's
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everything's moving so fast but like I
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said just observe is one moving much
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quicker than the other does one seem to
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have some sort of advantage where you
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know there's a delay and like I said I I
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can't quite tell there very well could
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be a delay one may be faster than the
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other but if it is the case I mean from
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what I can tell we're talking fractions
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of a second I mean let's see one second
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would be 1001 I mean that's not that
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long and I'm pretty sure that there's
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not a 1001 difference between these two
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but even if there is I mean one second
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and it goes back to free first something
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that you know cost quite a bit well
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actually look at this I just noticed
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that the one on the left and you can
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scroll back the one on the left that
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candle turned quicker than the wrong one
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over here so you'll have to scroll back
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because you know obviously this is this
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is real life right now this is real time
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data but if you scroll back this the one
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on the left the candle went downwards
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and showed a much bigger red candle
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before this one did not grant it it was
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I don't know maybe half a second maybe a
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second at most so as of right now after
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seeing that you know I'm gonna have to
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give the advantage right now to the left
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again the chart over here on the left I
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should probably just leave these up here
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huh maybe make life a little bit easier
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now this is not gonna be a super long
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video but I want to give their just
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plenty of data because this is a
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question I get all the time especially
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from new traders you know traders that
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are just getting started in the stock
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market or really any trading is hey what
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what platform do you recommend who are
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using for your charts you know what why
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are some platforms do you have to pay
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money why are other platforms free and
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they're all very wise questions they're
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they're very smart questions to be
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asking and I've been meaning to get
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around to doing a comparison and you
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know found some time in the day had a
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nice little morning up 600 well just shy
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of 600 $20 and thought you know what
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let's keep this or let's get this video
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rolling because we do have some good
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solid volatile action as of the
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recording of this this is when you know
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at some point time this is gonna seem
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kind of goofy but the coronavirus stuff
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is going all over the place where the
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markets are very volatile so I figured
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you know what better time then to run a
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comparison when things are very very
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volatile now for some of you hopefully
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this video is helpful enough where
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people are gonna be watching it two
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years from now hey that would mean the
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world didn't end because we all died of
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coronavirus and be you know you'll be
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able to look back and just say oh yeah I
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remember that whole coronavirus thing
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but as of right now as of the the
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recording of this video things were very
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volatile because of the corona virus but
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as I continue to observe I can't say
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that I've noticed much difference at all
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compared to that one instance earlier
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but even that was like I said maybe a
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half a second difference with the with
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the advantage going to the chart on the
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left so I'll give it another minute here
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and yes actually the chart on the left
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seems to have an advantage and it's less
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than a half a second how could I tell
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well if you were to scroll back you
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would notice that this candle showed up
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before this candle over here it may be
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very very difficult to find because like
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I said we're talking that wasn't it was
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a quite a quarter of a second difference
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so another bit of confirmation that the
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chart on the left is actually slightly
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slightly quicker
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than the chart on the right but we are
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talking fractions upon fractions upon
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fractions of a second so overall the
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question hopefully you're asking is you
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know I mean what what looks different to
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you not as really what what do you I
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mean both these are great looking charts
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I like the charts over here very nice
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looking I like the charts over here very
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nice looking now granted you don't know
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which one is the more expensive one and
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which one is not and that'll definitely
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change things up but that's why I wanted
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to arrange it this way where you have no
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idea what's what and you can just make
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that determination so okay what I'm
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gonna now do is I'm gonna reveal which
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each of these charts actually is a
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couple quick disclosures here first off
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keep in mind the prices change so as of
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the recording of this video I'm not
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saying that this is how it's going to
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always be or anything like that but this
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is the current pricing because again the
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overarching idea here is pretty
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expensive charts verse something that is
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completely free and here one of the
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charts was known as a signal so e signal
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is the name of the chart provider and
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you can see the prices for that being
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176 dollars per month or you can
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purchase everything so one year and then
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you will save 25% with the annual prepay
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so that is the one broker out there or
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excuse me the one chopped provider and
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you want to know which broker that was
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can you guess it was the one on the
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right the losing one and this is who I
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lose so as of right now I will help be
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honest I am a little shocked I don't
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know what to think
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here I am paying all this and the one
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that I'm paying for is actually slightly
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slightly slower so needless to say as of
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right now and going in the going forward
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I'm gonna have to do some serious
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thinking and potentially really question
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why am I using these signal now signal I
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will say
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really enjoy because from from the
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business perspective because I do run
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clay charter comm which is you know
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teaching people how to trade and all
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that from that perspective ecig know wow
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that sure makes my life very easy to
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operate run the business efficiently you
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know put out a good product and all that
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and so that's that's why I do and I have
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used them for I think like over ten
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years now I can't remember how long I
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mean it's been a long long time since
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I've done any signal and I do do that
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prepay so I save twenty five percent but
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that's still I mean I'm well up over
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right around I believe fifteen hundred
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dollars every month or excuse me every
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year for each signal so over here these
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ones are fifteen hundred dollars give or
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take I didn't quite do the math but
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they're easily easily up over a thousand
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dollars and then over here we have the
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free ones okay the free ones I've done
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an entire video on which I gotta say I
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feel that much better about recommending
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this because like I said now it's got me
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questioning whether I should even be
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using my chart provider of East Engle
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but I've done an entire video and I'm
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gonna link this video down below that
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way go more into it and you can get more
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details because as of now that all we've
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seen is how quick the charts are
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compared to something else but so go to
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this video and if you go there the key
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thing at that video again if you're
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watching this on YouTube I'll put the
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link down in the description box if
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you're just watching this at clay trader
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com so right here on the site itself and
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I'll put it down below the video but on
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that link be sure if you decide you want
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to sign up with it too click right there
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because that's going to get you a free
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stock and it is for full disclosure it's
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an affiliate program so if you click
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that link and sign up yes you get a free
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stock but I get stuff too so just fold
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ass closure on that from that frame of
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reference but like I said hopefully
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you're like well yeah clay I'm glad
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you're recommending that because we just
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saw that it was actually a little bit
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quicker now the one difference here is
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that you have to deposit the $100 and so
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sure it's not technically free but it's
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not like that hundred dollars I mean you
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could use that hundred dollars to trade
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with so it's not the hundred dollars is
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going towards the payment of you know
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having that
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arts and uh you know there's a platform
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all that $100 is just uh essentially
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open up an account and get things
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rolling but again to really reiterate
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you can still use that hundred dollars
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to trade with so I'd encourage you to go
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this video here for two reasons first
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off just so you can see more of the
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platform itself given that all we've
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seen here it's really the charts and
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then also to click that link so you can
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get your free stock if you ultimately
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choose to sign up and go with that
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so we'll just end where we started
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watching these two unfold but that's
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what we have again
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these ones over here $1500 these ones
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over here I got technically speaking a
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hundred dollars but it's still free
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because that hundred dollars can be used
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to actually trade and the nice thing
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about that broker who provides these
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charts
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it's commission free and I get it a lot
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of people use Robin Hood but this is
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just I mean Robin Hood doesn't even have
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charts if they do maybe they have charts
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but they're not nearly as nice of these
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and I'd be very shocked if there as
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quick as these ones are because here is
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the comparison $1500 verse free with you
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know again the hundred dollars to just
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deposit into your account so I mean at
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the end of the day do what you feel most
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comfortable with but maybe you like some
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maybe you look at $1500 per year and
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you're thinking yeah that's nothing I
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don't care okay that's fine
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do what you think is best because I'm
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not here to bad-mouth any company I want
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I'm trying to base and operate from a
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place of realism and I'm not quite sure
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we can get any more realistic than
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putting these things side-by-side and
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watching how things play out so do
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whatever you think is most comfortable
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also on this video I'll put the link to
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this broker may be saying no clay I
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don't want to have to watch that other
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video I want to go with this broker but
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I also want that free stock so I'll also
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put the link on that you can click on to
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to get the free stock after you get
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signed up on this video also but so
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there we have it
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$1500 versus free and the free one
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apparently is a little bit quicker so
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like a saying earlier I have some
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self-reflection to do and some figuring
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out of things hopefully this helps if
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you enjoy the video
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then please down below leave me a
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comment and say yeah please keep doing
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videos like this I'm trying to get
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things a little different obviously I
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was not on cam at all this was just all
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my desktop and so let me know it do you
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mind if I'm not on web on the camera or
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do you still find these videos helpful
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so any feedback in that regard or if
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you're just saying clay I don't have
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time to type of comment but I did enjoy
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the video then just please hit that like
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button that goes a long way and
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hopefully you decide to check out that
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live channel 2 or the channel as a whole
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there's live trading videos there's lots
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of good stuff out there on the channel
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umm so we'll check all those out and
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hopefully you decide to ultimately
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subscribe but there you have it free
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charts verse $1500 charts and the free
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ones actually won out by a half a second
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so get out there and do what you think
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is best first off thanks so much for
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watching the entire video real quick
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before you go I want to invite you to a
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live webinar web class training workshop
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online event whatever you want to call
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it but it will be me live revealing to
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you what I discovered that has allowed
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me to transform myself from being an
[862]
employee to being my own boss
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including how I had only one losing day
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out of 73 days in total I'm going to
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cover three keys that have helped me
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unlock profitable consistency within the
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markets the first key is super weird but
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in a productive type of way the second
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key is super awesome because it quite
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literally is wired into our DNA as
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humans making it very easy to use but in
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a cruel way this becomes a pitfall for
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many traders I'll explain it all though
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including how to avoid the pitfall that
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it creates for some and yeah the third
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key when you hear it sounds way too good
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way too good to be true but it's not and
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I'll show you how it all works then at
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the end I open it up for a
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question-and-answer session that is
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again
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totally live even if you can't make the
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live session please still sign up as it
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will be recorded and you can go back and
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watch the replay that I will send you
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click the image on the screen or click
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the link down in the description box so
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you can get the date and time and claim
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your spot which I should know is limited
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due to the fact that this truly is a
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live event if you have any questions let
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me know if not I'll be seeing you soon
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