The Year of Dumb Money
Dumb Money w/ Matt Ep. 200
AMC, GME, AAPL, MSFT, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Dumb Money w/ Matt Ep. 200
AMC, GME, AAPL, MSFT, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
True Trading Group Trial ($3): https://bit.ly/MoonGangTTG
Want better Stock trading?
πππ FREE Stock, No PFOF, NO Market Makers: https://public.com/MattKohrs
FREE Crypto ($10 on Coinbase): https://bit.ly/CoinbaseKohrs
FREE $25 on Voyager (Referral Code MATT21): https://bit.ly/VoyagerKohrs
π¦π¦π¦ New Rumble Channel: https://rumble.com/c/MattKohrs
π¦π¦π¦ New YT Channel: https://www.youtube.com/c/MattKohrsClips
πππ Emoji Charting: http://bit.ly/TradingViewChartingSoftware
πππ Moon Gang Merch: https://moongangmerch.com/
πππ Discord: https://www.patreon.com/MattKohrs
π°Options Picker: http://bit.ly/Tiblio
Socials:
π YouTube Channel: http://bit.ly/MattKohrs
π¦ Twitter: https://twitter.com/matt_kohrs
π₯ Twitch: https://www.twitch.tv/matt_kohrs
π· Insta: https://www.instagram.com/matt_kohrs/
Book Recommendations:
πTechnical Analysis: https://amzn.to/3p6QYk8
πTrading Psychology: https://amzn.to/2Z3sjCM
πStock Operator: https://amzn.to/2N76K1j
πPit Bull: https://amzn.to/2Ndk4kV
Video As A Podcast:
π§ Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
π§ Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#DumbMoney #ApeNation #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Hmm: hey: hey foreign; yes, bye, hey hello, hello, hello, folks, folks, folks, it's the final day of the week, the month the year happy new year, one more trading day, and then it is all officially in the books and look at that timing. Episode. 200. 200.
200. 200. wow what a year, what a year it has been, what a year we're about to have it. I was thinking about this a lot last night.
It's just been crazy. It's been an absolutely crazy, crazy year, of course, we're gon na get into it. We're gon na get a little bit nostalgic, because why not what a year? What a freaking year i mean the insanity, i guess like the the birth date of all. This is coming up pretty pretty soon late january, we're almost a year old.
This whole ape community and what this has like come from, what it is now and where we're going, what a wild wild experience and honestly, i think it might be even more wild, even more insane, even more high octane, even less zookeepers in this particular ape arena. Coming up, i'm my sites are set very, very high for 2022.. I'm incredibly excited, i think today, let's leave it all out on the field. If need be, we have coach coors right over here, waiting for all of us just in case.
We need a little bit of a pep talk today, but it's the final day happy new year. If you have any plans for the night, please be safe. Please please, please an uber a lift. They are just a few phone clicks away.
You can always walk. Do not do something stupid that can endanger you other people, just just don't do it, let's be a little smart. Let's start off the year, let's leave the dumb actions to be dumb money in the market. Let's not be dumb out there tonight if you're, having a good time with your friends and family, be a little bit safe but obviously have fun but yeah be responsible.
Let's, let's be smart out there. So before we get into a little bit of talking and everything that has played out over this year, i do want to give you a quick like setup for the day. Just so, everyone knows what's going on all right. Let me quickly get through all this, so starting off today we're seeing some red the dow, the s p, the nasdaq oil and yields down down down down i'm seeing red across the board.
But it's not like an incredible amount of red um, just just baby right, i mean 0.18.11.01, 1.75. Okay, so oil is down, but even yields there. This can bounce like. I know it seems red right now, but let's let the market actually open and breathe and let's see what's going on for the day now before we get into that speaking of being safe and careful, hey shout out to all the cool people hanging out in colorado.
I'm just coming across this piece of news out of control. Fires in colorado send thousands fleeing in detroit around 600 homes. I was actually reading about this and i guess the winds are nuts and everything's dry, so it's spreading it very very quickly. So, if you're out there once again be careful, be careful, um colorado definitely being hit hard right now, so my thoughts going out there, my prayers going out there um. If you are looking for like on more of a positive note, yes, paris, hilton is hosting new year's eve in the metaverse. Here are three other ways you can celebrate without leaving your house so hey for anyone out there who you might be thinking to yourself. Why would i go out in the physical world and physically see people when i could stay inside in a much safer digital environment? Well, paris, hilton! Has you saved, you can hang out, you could party with her in the metaverse bring in the new year. I actually want to save that.
We could talk about it on the crypto stream, so here uh insider they did a little bit of like kind of a recap of what happened. All the insanity throughout the year and two of them actually directly relate to us. When reddit day traders took on hedge fund giants, it ushered in a new era for markets and that it did one of the worst performing hedge funds over the entire year was melvin capital down over 40 percent. Let me tell you: the investors in that particular fund are pissed off.
We had evergrand that was nuts this year, all right, so we were talking about sheba mining right. There me mania, pushes gen z into the stock market and they've been learning investing fundamentals from social media huh insider track down 11 crypto masterminds krypton went nuts metaverse nfts. Those went absolutely bonkers real estate all right, not as that exciting right now, at least for us. During the gamestop saga, reddit traders use social media platform to upend the stock market and make money in the process that they did.
We were talking about amc, ceo, taking kind of advantage and making smart tactical business decisions from the insanity, and then also we were talking about. I guess whoever this is jeremy grantham talking about just potentials, mania and bubbles and that type of stuff. But it was a crazy, crazy, crazy year. I think you would need multiple phds to really get into how all this played out um and i think it's very deep.
I think it's actually psychologically very very deep. I think it was a perfect storm of sorts. I don't think it would have ever happened without the pandemic. I don't think it would have happened without the general person's um, let's say anger towards government and wall street, and it always seems like time and time again and particularly in the us, i'm assuming.
This is true globally, maybe i'm wrong, but it seems like people power and that have wealth are the ones who always get bailed out. It seems like other people in power. It's cronyism. It's legalized, cronyism.
It's uh profiteering off of cronyism, so you had this insanity of people at home, paying attention - maybe potentially everyone felt a little financially distressed, maybe more than others, and it was an opportunity to make money and also the icing on the cake was you can make wall Street pay and then from there it just spread it spread like wildfire. It spread faster than the virus itself, uh truly and then all of a sudden people started to remember some of the insanity of 2008 and 2009. Some of the older traders and investors started to remember the insanity of the early 2000s time and time again. This is not the spirit of this story. Of how we got to where we are. The prompting factor is in no way a new thing. It seems like it happens. Every handful of years, there's just like a different twist on the perpetrator, but what's interesting about this time is with the technological advancement in terms of digital communication.
It's so ubiquitous across really now the globe, and it's just picking up more and more until we are fully interconnected that you don't really have to rely on some of these main media sources, who you don't know who their funders are. You don't know who is like lining their pockets, and now people have the opportunity to do streams like this. They have their opportunity to share opinions and data sources on twitter to do the same thing on reddit or really whatever your favorite social media is. But i truly believe this perfect recipe that led to an absolute cultural wildfire between people's pure animosity towards the way things are going, their discontent with being locked up with feeling the financial pressures and then all of a sudden having these war-like flashbacks to what's happened previously.
In relation to basically retail like getting screwed over money, getting stolen from them always we're the final ones that have to hold like when people make bad bets, for example, in the housing crisis, other people make bad bets and then you know what happens the average day Person is the one who's caught holding the bag. When that happened in 2008, they blamed what teachers and immigrants they've been poor people, poor people, teachers and immigrants. Apparently, those were the people who prompted the housing crisis, not these asshats, who were betting billions and billions of dollars with extreme leverage on a stupid bet. Even though people were really sounding the alarm, they didn't care because their grubby little hands couldn't take their fingers off.
The button because all they cared about was making more and more money. Yes, this is one example, but if you look into any of the nefarious history of economics and politics and wall street you're going to see this time and time and time again, it's not hard. Am i some veteran trader investor wall streeter who has lived through all these? No i'm 27, but i also have the capability to read. I i did at one point in my career.
Learn that these, if you don't learn from history, you're bound to repeat it like. I truly truly believe that, and we are now at the unique opportunity where, to the current mode of power, their current mode of media, the the structure that we have going on. We do have the cool opportunity to basically say fuck, you and, i think, that's exciting. I think that's incredibly exciting, because, with this all of a sudden, the people who are in these powers of position and wealth - we don't know if they're necessarily there, for what humanity would consider a good reason. Are they there to make society even better, or are they there to continue to line their own pockets and to in the chess pat in the chess match of power, improve their own position? I would say some people are there for good reasons. Some people are there for bad reasons, and i think most of them are there for kind of a weird mixture of the two in an amalgamation of the two. If you will a little flashback to our s.a.t words there, but i think with this, so many people were saying that this was dead in january in february they were saying that uh, what's the common one that we're gon na lose interest, the retail apes will lose Interest, don't worry about it. This is a flash in the pam.
Well, we are here on december 31st and i can tell that in no way are people losing interest. Does interest from one equity to one crypto to one future, to one option like ebb and flow yeah? I would say that, but i would say, the spirit of the group is always steadfast and i think that particular message is continuing to spread throughout the globe. And i've been saying this for a bit. But i truly believe that the year of 2022 will be a knock down bloody back alley.
Fight on the regulates regulation front between whether it's politicians, the sec, but i think payment for order flow - is going to be a serious, serious discussion. I think there's going to be a lot of political infighting and help fighting as it relates to crypto, and i think all of this stuff is truly either being spurred or continued pushing up capitol hill really because of the apes and we're just fighting for once again. The most basic thing of this is we just want a fair shot. We are in no no way, at least in my opinion.
I can't speak for everyone, but i can share my thoughts, so i'm just going to say it from my point of view. I think that's what i'm fighting for, i think that's what many people are fighting for. I know it's. What i'm fighting for is just that fair shot, this concept of telling us that it's a free market as much as politicians want to push it if it's a free market, why are there a different set of rules for a different set of people? All we're saying is: let's play the exact same game by the exact same rules.
It's honestly that simple! They don't want that because they don't want to give up that much transparency. They don't want it to be that fair. They don't want the playing field to be that level, because right now, with the tilted nature of it, it's tilted and all the little coins are falling into their pocket. They need that tilt because it's what ensures them it's, what ensures their bottom line? It! Wouldn't it's! What ensures their new cars their vacation homes, it's what insures their new suits? It's what's lining their pocket. They need that field tilt and as much as they would argue that they don't, obviously they do throughout the year. So many of us started in this particular battle and we didn't collectively as a community, the total knowledge started low, but throughout the year it grew and grew and grew because there were other people who have kind of seen behind the curtain and they were willing to Share with us what was actually going behind, who, what was wizard of oz really doing, and i honestly and i hopefully fingers crossed believe that we're going to get more and more people such as dave lauer, who are willing to talk to us and explain how things Are truly executed? Am i an expert? Absolutely not am i a financial advisor? I'm not a lawyer. Am i a cpa? No, i am just a person who is willing to go through the extents to connect the dots talk to the people who are willing to talk to me and then share that information with you. I'm very much just a liaison between the world of people who have seen what's going on behind that curtain, and then i try to package it up in the most digestible way and share all of that with you and i don't think that's going to slow down In the slightest, obviously hindsight will be 2020 when we fast forward one year and we're talking on december 31st, new year's eve of 2022 we're gon na see how things play out and i'm sure, just like this last year, we're gon na take many twists and turns That just no one would have ever envisioned.
I mean this past year. I don't think anyone of us at all envision the insanity and the fact that we're here right now so to me, that's exciting. You know how excited i get about potential every morning. You should wake up and scream at yourself in the mirror that you have potential you're supposed to have potential and with it it's unbounded potential, so more than exhilarated to go on this entire journey with you for another, exciting 12 months, very, very excited.
So with all that being said, let's actually happen to some charts here and see what things are looking like a little year in review over the past year, the s p 500 is up 27, the nasdaq 100 up 27 and the russell up 14.. So three of the major industries in the green, green, green and actually the average value of this seven to eight percent gain these markets have outperformed it. A lot of it is yes, because the federal reserve decided to take on the policy of one of the most insane unlimited quantitative easing packages ever and hey. You might be saying that sounds crazy.
How are we ever going to handle inflation in the future? That's a good question: i'm sure it's going to be a hot topic in terms of interest rate hikes and how all that will interplay and people will have their opinions. Some people agree with it. Other people will be beyond irate but 2022. It's it's going to be interesting. We're definitely not going to have the tailwinds that the federal reserve provided all year because they were just printing money, printing money, printing money and that's obviously going to probably be done by march and then they're going to raise interest rates. But overall many of individual equities were in the green and two of the biggest ones in the green were amc and gme over the past year. Amc up is up 1265 and gme is up 724 percent. So whatever these people are saying of somehow acting like it was a dumb play or a bad play or whatever you're going on in reality.
If you bought this time last year, you would be up a metric shitload of money. Yes, that is a wall street term. Those gains are absolutely incredible. There are many equities, cryptos and stuff that have gains such as that some higher some lower, but overall - and i made a video on this recently - one of the biggest things i've personally learned over the past year is when you have conviction in a trade, sometimes the Best opportunity is not to actively trade, you have conviction, you buy, you dollar cost average and you hold and hold and hold, and really what i'm starting to learn is some of these mega gains.
These mega percentage returns are truly from having conviction and diamond handing it, and i don't think that's going to change at all for this upcoming year. So just so you know for today the final trading day of the year amc has an estimated short interest of 17. There is some false information going out about it being at 40., there's no data source that actually supports that it might be true, but i'm just saying like we need have a data source to really run with that particular statement. Gme has an estimated short interest of 14.1 percent.
Yes, crypto is fighting finally starting to bounce, let's see if it holds. I was saying that this was a good buy signal right around here, 47 000., we're pushing 48 earlier to in the middle of the night. We were at 48.5 uh, so, let's see if this can actually push back above 50, 000 ethereum getting a little bit of a pop same with loop ring very excited for what lrc will be doing in 2022, especially if we get positive development with game sub games. Nft marketplace: i am absurdly bullish on it, i think gamestop and the marketplace this concept of an nft marketplace.
I think, truly represents an amazing new pivot for the business. I actually think, when properly executed, that the nft side of their business could clearly dominate anything related to video game sales. Of course they can play in between each other, but if gamestop were to actually become just heavily involved in the world of nfts and metaverse, i wouldn't be surprised if, like i'm saying clearly dominates now, is this going to happen overnight in terms of it dominating revenue? No, no, no! It's going to take time like these types of engineering. Feats don't happen overnight, but uh very excited and it's the reason i'm talking about loot ring is because there's a i'm all, but certain that this will be the technology backbone for the nft marketplace. Avalanche also, looking super good other things are looking good right now, everything's kind of balancing uh. We have matic that's up almost three percent sheep kind of coasting right. There uh some of the metaverse, plays mana and sand getting a little bit of a pop. So, overall crypto, yes, it was beaten down recently, but it looks like finally - and i made a video on this - that the whales are stepping in they're finally starting to buy now in the overall market today, what's my prediction? Well, it's not that long ago, two days ago that we hit a new all-time high.
I think where we're at is going to be a bit more of a let's see how things open. As always, i like to sit on my hands for those first 15 minutes see how people are choosing to position themselves and we're gon na go from there if the spy recaptures 476 we're right back into this range playing. This two dollar range - and i think many other things are paying attention to that. If the spy starts to rip, i think everything's gon na rip.
If it does not hold 476, we might not be starting off the new year in the most bullish of manners. So that's your setup for today, i'm incredibly excited uh. It is new year it's the new year. It's new year's eve, what a day, what a day, what a week, what a month, what a year! Thank you apes seriously.
I know we will be streaming throughout the day. We have various things planned for all of you, but from the bottom of my heart, what a crazy year and here's to 2022., here's to the ape community getting even bigger, and here's to your p l going even more green. Thank you. Thank you.
Thank you and on that note let me turn it over to some of your questions. I want to give you back a little bit more time today, uh just to get some of your questions. Uh before that bell goes ding ding, ding, happy new year matt. I hope it's a great new year, for you have a great have a few drinks on me tonight.
Shout out. That's so incredibly night happy new year, hey matt! I appreciate you, you've taught me a ton this year. Can you check or text in the chart on avct and share your thoughts? Ftds are piling up too a v c t. Let me open up ortex over here a b c t: let's get this out of the way american virtual cloud technologies, so this one has been getting a little bit of traction and steam just anecdotally from people asking me um over.
I would say the past two weeks: really more and more people have been asking me. It does have a short interest of 19.4 percent utilization of 99.9 and shares on loan of 11.7 million. It's looking like, i, i, like the momentum, it's building up, um the issues right here see this shelf at 225. You want to get above that and then obviously you want to really get above the 275 to 3 region. So i think it's taking a bit of a breather right now, but if this starts to swing, you could just use either two bucks or 1.80 as your resistance, no matter whenever you get into any trade, whether it's an investment, a long term trend a medium to A change or short term trade know your risk point. So that's why when people ask me i'm like oh, this is what i would risk and in this scenario i would either risk two or 180 and basically, if it goes below that okay, you just cut you're, not going to win every trade. But if you always let your risk get way too out of hand. Eventually, you will blow up so that's why, whenever i'm doing it pay attention to what a reasonable reward is a reasonable risk is, and are you, okay with that risk to reward paradigm? This does have a high short interest.
I don't know if i'm necessarily the biggest fan of it being a short squeeze play. I just kind of actually like its chart, set up - it's not a five-star one, but it's a good one, but i do want to. I guess like articulate to all of you remember just because something has a high short interest. It does not mean that it's going to squeeze having a high short interest is just a prerequisite for the ability to squeeze uh.
Do you think neo can hit 33 today? Neo had a good day yesterday. Do i think it can hit 33? I mean we got this nice gap fill yesterday, how's it looking in pre-market. Do i like? Is it capable of hitting 33, i mean for sure it just hit it yesterday. Will it i mean it's going to kind of pay, you have to watch the eevee sector.
Maybe you want to watch more generically the nasdaq, the queues to see what's going on there, but is it capable of hitting 33 like without a doubt um, but just watch a little bit. You have some bearish divergence, at least on the five minute, but hey we're about to have what six and a half hours of trading it's totally possible. That's only what 77 cents 100 could do it will it do it. I mean it's showing some bullishness, but once again, overall i'm kind of watching the spine that cues that open happy new year buds.
Can i get your opinion? What you think will happen with workhorse. So workhorse was the hot topic in 2020 or it was a hot topic. Many people thought that this company, which is a us-based ev, play they make those last mile delivery vans. Think those big like amazon vans.
They were trying to make them eevee and well. They have those and a lot of people have thought that this would be winning a huge contract from the u.s government to bring up the usps fleet to like an ev fleet kind of like redoing their whole fleet. They did not get that contract and you can tell that that was announced on february early this year and from there it crashed and then it crashed again and it tried to bounce it didn't have enough momentum got smacked at 1750 and ever since then it's kind Of been bleeding now i actually still own workhorse, i'm just a fan of eevee us plays, but with that being said, i think there's better plays. Obviously you have a finite amount of capital unless you're like elon musk or jeff bezos, but for you, if you're looking for an ev play, i mean i'm in it, but i think there's stronger place, i'm very bullish on the ev sector, but just right now, ever Since not getting that usps contract, it just hasn't been able to find its footing really. What else do we have enjoy the journey? Not just the destination shout out danny man, i am so excited. Uh january. We just have there's so many big announcements coming out there. There's there's so so so many i am there's gon na be big things happening, and all year in 2022, kicking off in january, um, there's gon na be cool cool things, very, very cool things, so um 2022 will definitely the moon gang, be excited.
Bb extremely excited cool things going on, of course, we're always going to be talking about stocks, whatever the retail public is watching. Yes, we'll be paying attention to amc and jimmy whenever the stocks are moving. Whenever there's news stories, we are clearly going to continue down the journey of what is going on on a regulatory front. I will always be staying up to date on that on 2022 and then on top of it as you've seen over the past two weeks.
On top of all of that, i'm just seeing too much opportunity in crypto to not talk about it with all of you, there's too many money-making opportunities and, honestly, i think it's perfect. There are many people who are, i guess, losing their minds because i whatever talk about crypto, but i've talked about it all year. So i find it a bit odd. But with it it's perfect, because if you're diamond handing amc and or gme well that's great or you're diamond handing it like you're, not actively trading it you're watching.
So i i think this is a match made in heaven, especially because they're getting into crypto and the amount of dms i'm getting of questions they're like hey. What's this meaning crypto? What's that, especially just like with the nft marketplace, there's nft questions with especially amc nfts we're getting a lot of those um. The opportunity is immense, you're hearing all these crazy stories of someone investing a couple hundred dollars and then having tens of thousands, if not hundreds of thousands by the end of the year, and i think that's at a certain point, like a backbone of what's going on In the moon gang is together, we're just trying to discuss and understand what opportunities are in front of us. This is literally the moon. Gang is hundreds of thousands of people who were a hive mind. That's the coolest thing this community folks, we've already done the hard part, we've built the community and now it's at the point where it has critical mass and it's just going to continue to get bigger. But it really is a high of mine and all of a sudden one person in the moon game can be like hey. I checked this out, let's think about this this and this and then you have other people kind of looking into it and if it's a good idea, awesome, let's run with it and maybe if it doesn't hold that much water, that's okay! It's a learning experience and we go on to the next one, but that's why i'm like just so incredibly excited over the past year.
We put in that work. We did the hard thing we built the community of people who are truly passionate about fixing some of the issues in the market, the ones that we know about, and on top of that hey, i don't think, there's anything wrong with trying to make money. I i don't think at all: it's so important. It's how you pay your bills, it's how you pay your rent, it's how you put food on your table.
So people like we've, already found that group that resonates together a true passion for awesome market action. Uh 2022 man, this high of mind this particular hive, mind and the moon gang the sky is the absolute freaking limit. I'm 25 minutes late. I brought shame to my family.
I shall hang my head in shame and punish myself by living in seclusion with kenny g and vlad drock, the ewok uh. Let's get ready, let's get ready, you know because it's new year's, we will give you a pass today, but drock. We will give you some demerits tomorrow, let's get ready, 15 seconds till the final ding ding ding casino open of the year - let's get after it. Folks, let's get after it all right, all right, all right, all right, ding, ding ding, the casino is open.
Let's do this folks, oh man, what a year, what a year all right, let's see how this goes as always, the rules don't change just because it's new year's remember it's best, in my humble opinion, to just chill out for those first 10, 20 30 minutes and See how things are really getting set up see how things are truly getting structured on the spy i'm watching 476 on amc, we're watching thirty dollars, followed by thirty one. Twenty five gme we wan na hold above 150 the breakouts at 160., the queues. Obviously, there's a key technical and psychological level at 400. if there are any other mega crazy movers.
Please please, please. Let me know thanks matt for all you do i'm here to learn and make money happy new year. Everyone shout out quirky turtle shout out shout out. Shout out all right spy coming up, let's see if it's going to do it, let's see if it's going to hold this level hang on.
Let me see this over here: okay and i'm on an off screen. Uh-Oh uh. Oh folks, attention attention breaking announcement breaking announcement. The money hit my account one day early. I could technically blow all three day trades today. If i wanted to, we could do some yolo calls that expired. Today we can. We can yolo it today before the new year starts, get all these bad trades out of our system.
Oh, i didn't think it was gon na hit till monday. I could be part of the party, you know i get it. I get. That 2022 is the new reform trading when we stick to our rules on every single trade.
But what if you want to get one more out of your system, one more day, just to just to see how it all goes? Oh, i love it. I love it. I love it. Do we do a tesla one just for old times sake just for old times sake.
Oh man, oh man, all right! Well, if we do do it, i'm at least going to wait a little bit. We got let's, let's at least try to keep that rule um still like we're. Only three minutes in we're not going to break every single rule. Should this stream be a mac course, speed run on how to blow ten thousand dollars that could should i switch the title instead of the year of dumb money, a mac or speedrun on how to blow 10k.
You know you have all these fancy gaming streamers, that speed run gaming victories. I think i could speed run a 10k a 10k blowing. I'm excited man uh. What else do we have? What else do we have hang on? I'm checking out shout out to rumble shout out to twitch thick tesla trades, 10k loss speed, run uh.
Thank you, matt for the great year and learning new things been a great help. As my financial advisor, oh man, definitely not a financial advisor speed, run. Speed run, speed, run speed run. Where are we at all right? Unfortunately, gme not getting that volume yet hopefully turns around spy and the q's are both pushing tesla tesla tesla, tesla apple apple apple apple is gon na hit 3 trillion.
Today we need 182.86 182.86. Wait. It's friday, why don't? We have music? In the background, it's background, music friday. Let me get some music for everyone background music friday.
You guys know the rules. Do you know the rules? Oh there we go. Let me know if that's too loud, but i think that should be good volume, all right man, the spies actually has that nice pop hang on. I need to check one thing on the spy.
I saw some important levels all right. Where are we at four thousand? Seven hundred 775, 4 775., the spy. This is a nice breakout. I do like the spies action.
All right, calm, cool, collected, matt you're better than this don't get into party mode. Yet that's for tonight, uh! Is there going to be an afternoon stream need to know when games? Yes, yes, cootery. We will make sure to somehow that you blow all your loyalty points over there on twitch. Is this an island boy soundtrack? I'm an island boy, i'm a cappuccino! Boy! Folks, don't forget your cappuccino? Yes, the cappuccino industry is paying me a lot of money to say this. Everyone cappuccino, cappuccino, cappuccino, it's all subliminal messaging. I think that's. The important thing to really know is as long as i'm bringing it up like how many of you how many of you have now gotten a cappuccino, because i'm just like infiltrating your mind: the cappuccino industry. This is why they pay me a million a day.
Everyone gets so pissed off about like the like sponsorships and partnerships. They wish they knew how much money the cappuccino industry was paying me now, they're, paying me a lot. I will be honest. The frog industry paid me far more, but it was for like a shorter duration.
I just want that to be well known. I hate cappucinos so much. I can't even spell it right. How are we gon na do it? All right? Is amc moving yeah apple's, not really moving? Let's get the movers the movers and the groovers, you know.
Gamestop has low volume, but it's charts actually looking good. Today we have the cues taking a little bit of a hit. Let's do a quick run through now that we're almost 10 minutes into the day, let's see what's going on on these other ones, okay, so the spy pushing on opening holding 476. That is strong, i'm over here kind of watching the futures market, just because we did have a technical breakout.
The features on the s p 500. It's trying to hold right now, if you're, looking at the es contract 4775, it is the futures for the spx basically, and it's trying to hold the breakout right now if it holds 4775, which is now apparently equivalent to 476 over here and 50 cents uh. Looking for some strength there, the queues - let's see if it can hold 400 iwm strong, whoa whoa whoa iwm - seems like it's going to be an easy push up to 220. 450 amc.
We want that to hold 29 gme. We wanted to push and hold, hopefully over 160. prague up again. Yesterday it had a beautiful, i believe, eight percent gain of the day you're.
Looking for the breakdown on prague at 220 lucid great day yesterday, not the best closed rivien, actually rivien is pushing tesla not holding yet everyone's trying to see what we're gon na do today apple push, but then getting smacked amd strong look for amd. You could have a nice alert right here on amd, basically 149. corsair not moving too much low volume. Today, microsoft, not looking the best nvidia, looking actually pretty strong nvidia, i mean if nvidia can push 300 that might get moving might get moving on nvidia.
Do we have any big bullish action so out of the gate we had an apple put and an amazon call, but i'm only seeing those two thus far, those two thus far jimmy coming back down the cues are pushing all right all right. The spy is pushing. Yes, it is whoa whoa. I like the spy, the spy all right.
Let's see how we could do this. I think you, okay, we got that trade through sweet, sweet, sweet, sweet uh. I just went, i got. How can i show you this? I think you guys could see this if i do it this way, i think i have the privacy settings properly turned on i'm just i'm. I've used to use monitor. Okay. This is my position right here positions, canceled orders filled orders. I just got into the spy jan fifth pretty much just outside of the money and as of now, i'm down 10 ten dineros uh.
How do i put in? I want to figure out how i can put in a sitting order on that ascending order. Let me figure something out: tos super super powerful, there's just definitely a little bit of a learning curve to get used to it. Why? How do i uh uh? How do we do this? I just really like what i'm seeing in the spy today cancels working orders. Okay to trade: how do we do this? No, no! No! No, probably not in here there has to be a way charts all right.
Let me bring this over here just so. I can figure this out, of course, as i'm doing as a spy comes down, but that's all right. That's why you get yourself some time. All right.
Trade shirts tools, monitor analyze, scan market watch, charts tools, education, help, monitor copy, create, duplicate order, create opposite order, move to group. How does one do this? Toothpaste, hey, i feel like. I am sticking to my plan because it's taking me forever to figure out it's easy from the mobile version. Huh paina news count statements, maybe i'll just be stuck in this position forever.
That might be the overall vibe that we have going on. So even if this were to pop right now, i'd kind of be kind of be stuck uh. Someone asked if gme has low volume yeah it does uh. We are about 15 minutes into the day and it is traded about 55 000 shares uh.
What do we have on amc amc, traded, 2.26 million, which is actually light for amc, amc about to test its intraday low uh check out the open interest today for spy 480 charts spy 480. For today you said the 480s 480. open interest wow holy guacamole. 121.
000 on the spy 480s today, that is crazy, crazy, crazy, crazy, i'm very much looking for, hopefully, this bounce right here. I need that bounce 470, hmm, 478 huh, all right, uh things are going the wrong way team. This doesn't seem to be the fun new year. Vibes for the overall market, what's going on what uh what's what's going on in the market today, a a also, why is it so incredibly difficult? Oh, you could just create an opposite order that i feel like that's the quickest way to probably get out uh.
So the tests tesla come down good thing. I didn't get into tesla. I was about to go long on it and that would have been extremely disappointing thus far. Thus far, thus far did i do this right spy.
I should have flipped my quarter. I should have flipped the lucky quarter: that's what we're missing out on last day for tax harvesting. It is, but i feel like in a certain whoa holy whoa, all right. Well, not the best start, but if it hangs out below 476 for too long like that is kind of the level i'm playing off of, i was playing a recapture of this zone i'll give it a little bit more a little bit more time to breathe, to See if we can bounce back around but very much watching 476., the spy got hit. The q's got hit. Iwm actually got hit first kind of dragging amc with it. What's green right now, rivien's, technically green rivian's green amd is green kind of looking a little heavy. There, though, prague is in the great prague's having a good day, we could at least revel in prague, success, say pooh and i'll buy another amc share there you go so prague, crushing it iwm trying to bring it back with iwm popping amc.
I was going to say: amc should be popping with i iwm popping spy 15 minutes, what a weird popped it up and then sent it right back all right, we're now. I guess basically, betting on a miracle, a miracle play for the first first trade, just my style, just my style wouldn't want it any other way, tesla getting hit right there. All right, let's see matthew. Where did you go wrong? Well, obviously, i did right here.
I bought it outside. I bought it at a statistically disadvantaged disadvantageous zone. You know what they say. You know what they say in the biz.
You know what they say, folks when in doubt when in doubt, doubled down. I don't know if i actually mean that i do mean it right. You got ta, have faith in the system honestly right here. This should have been the first buy not up here.
We've done enough talking about the enough talking about keltner channels and just like when you're outside of volatility bands, so the keltner channel very, very similar to boylinger bands, bollinger bands kind of a weird word to say, but bollinger right here both are volatility. Bands, keltner is defined by average. True range of the most recent typically 20 bars while bollinger is looking at standard deviation, so a slight mathematical variation on how you're computing the bands, but in the end, they're both volatility bands, both are volatility - bands, uh, nakd and centro merger announcement going green, hey if You're in it, i hope, you're making money back on nakd. I know it's been going down.
I very much want you. They did a, i believe, a reverse split 15 for one um. So, basically, whatever you were at previously, you now have a 15th of the. So for every 15 shares you now only have one, but ideally it went up.
But since then i don't know people are mad that i'm not like supportive of nakd. I just the chart's, not a good looking chart. I don't want you to lose money. Why would i want anyone to lose money? Yes, i do even see a gap fill potential to the upside, but when you're doing a reverse split to like pull off like the the merger of the two, it's just not my play.
That's all it is. It's simply not my play if you're in it, i want you to make money, i just don't see, i don't see the edge, i don't see the advantage for me all right, amc coming back is gme. Coming back jimmy coming back a little iwm coming back. Coming back a little a little a little ah prague all right so we're at the line in the sand on spy, prague, crushing it congrats prog is up the most on my watch list. It's up! Six percent uh amc! What are you doing? Tesla not really doing much are the queues coming back, didn't want to see that iwm coming back, roblox people are saying roblox rblx rblx is looking good. Rblx is looking good with a well-defined. Oh, i kind of like roblox. Your support is obvious.
You can risk seven dollars, eight dollars, you're. Looking for the breakout of 110. We know that pelosi was just loading up on it. She was loading up on mu.
All right. Let me see if i can actually figure this one out, roblox rblx, all right. I got some roblox for the jan monthly's 110. It looks like it costs 440.
uh this one's going to be a little bit more of a medium term play i like the strength intraday if it keeps going. Obviously i have no issue locking that in yeah the jan 21, so the jan monthlies 110. um it's showing strength. We also know pelosi just got some more than happy to swing that roblox, crushing it crushing it, crushing it spy coming back, thankfully, holding 476..
I got a little bit too eager once again. This is why you wait. I think i got in somewhere right here when really i could have saved myself 40 per contract. If i just had waited probably getting in closer to here would have been the real play.
You live and you learn you live and you learn doubling down was the right idea. I mean i knew i need to lower my average. I should have really been half the size at a good entry. It's it's better to go.
Half the size of the good injury rather than doubling down, because your first part was stupid. If you stuck to your 15 minutes, i mean i think i waited 13. yeah coulda woulda shoulda. I was excited for new years.
I got ta be able to pay off. My pizza bill for tonight pizza pizza, ain't, cheap in philly, it's okay, it's a solid uh. It's a solid twenty dollars. Oh wait! Am i in the right, i'm in the wrong discord, shot channel channel channel? Where are you here? We go let's play marbles tomorrow, because i've lost mine.
All right market is coming back, roblox, looking good prague looking good. What do we have is amc doing anything, amc coming back as well, all right, roblox, we'll come in and check on that here. Oh, i do want to show you just for proof way better for you guys to see what i'm actually doing so right here: uh rblx, 21 jan the 110 and i paid 435 and i'm already up almost 100 bucks on it. I got five of those.
I didn't mean to get five. I wanted two huh well, i ain't that funny um and then we now have 10, so we have 10 of the spy calls for jan 5th 478's and for roblox. I have five of these for the monthlies. This is more time. I wanted to buy myself time on this and in reality, if you really are trying to fade someone such as uh pelosi, you would get like even farther out like the monthlies, are something people that type of money like don't necessarily play uh. She does the far far far out ones - leaps leap, sleep, sleeps, all right now we're we're starting to see the development in the spy. Here's the golden question: is it going to be lower highs, or are we actually going to make lower lows just forming some sort of weird wedge right now, amc trying to hold above 29 roblox, looking good prague, also looking good? Hopefully you can push prague. It's been going up, like i mean yesterday, was good for it today, seemingly thus far pretty good for it.
I would think that a lot of like kind of that enthusiasm will return to it on a break above three dollars. Oh shoot! I'm sorry i'm way behind on these questions hang on. Let me catch back up. Uh 10k blowing careful youtube, doesn't like solicitation costs, gapping down or just morning weakness.
Let's look at cost uh it didn't gap down, or maybe it did but uh costco i mean. Is this an all-time high? If anything, this looks like just a realistic breather to me. It just hit an all-time high two days ago with the s p, 500 um. If it continues downward, i would just be watching five.
Fifty five fifty five fifty uh, oh spy, probably time to cut that what you doing spy hang on. I want to see the futures market on this. I like charting the features better over here. More filled out chart man.
It just could knock it above 4775. It poked above it it just couldn't hold no matter what it did all right, game time decision. What's it gon na do, is it going to hold this line or not? I have faith. I have faith.
A happy new year might be my fault. I sent out a tweet saying, i think i have the unicorn. Well, i hope you're okay wall street viking make sure you have some fluids in you. Ntrb is moving ntrb ntrb, yes, but this is kind of a gap up on a like a pharma play with a really ugly chart if you're not already in it.
This is probably not the one you hop on to it feels very, very chasy. I would absolutely hell if you got onto the news ticker saying doing a yellow play mat macro source 10k bet down that expires today, i'm tigger. Is it worth a watch? What's going on clubfoot hey happy new year clubfoot for those of you who don't know clubfoot it's an interesting story: clubfoot was just, i guess, moderation and power was just thrusted upon him. Clubfoot in no way asked to be a moderator.
Clubfoot is one of the people who keeps the like twitch room kind of going, keeps it above board, but what's funny about it, is clubfoot didn't know what was happening like one day. I just picked his name and i just hit slash mod and ever since then clubfoot billy has joined the ranks of amazing moderators of the moon gang but didn't know what was happening. I just made him a mod and he logged in one day, and he was like wait what happy new year this morning we did that. Mr mark, i i just want to add to all the thank yous for this year. Did i blow up two accounts? Yes, am i down 4k? Yes, do i blame you, nah love, you keep it up, shut up all boogie, all boogie! You got ta. Stick to your plan. Like me, i should probably be sticking to my said plan of now, i'm at the point of hoping spy. This this is not fun spot stop.
Why did it just drop a dollar like it was nothing. Why didn't? Why can't it just go up like a dollar like it's nothing in reality, i'm actually not too worried. That's exactly why i bought myself time. I didn't buy any that expired this week.
My earliest expert expiration is january 5th, and it's i don't know the the yellow plays or something that those are fun, but you do it with a lot a way way smaller size way way smaller size. Did you see the brandon of famous? Let's go brand enchant is putting out a let's go brendan nft. I didn't see that that's pretty funny so he's putting out, like you mean the nascar driver matt's duck suspenders like then, is that what the nascar driver is doing? Like he's putting out the event like like almost like a like a video of it is the nft uh. I've been buying costco when it was in the 220s orange goku.
Well, you are crushing costco, then, because then it is like 500 560 and you got it at 220. You tripled up you tripled up literally a 200 percent gain just like that. That's crazy, uh, prague out of all of mine right now, is up the most. Oh.
Actually, we do have some nice still movement on crypto eth. Coming back up, i have a question. I know a lot of people in here have been watching eth ethereum ether, you're tracking, the ethereum project and you're, most likely happily invested in ether. What is everyone's price prediction for ether a year from now? Where do you think ether ends uh december 31st? 2022? Where do you think ethereum is going to be at um? Do you think it's going to be way higher, roughly the same value? Do you have a particular value? Do you think it's going to be way lower? Do you think it's going to crash and be non-existent? What do you think is going to go on with ethereum 50k? I hope you are so right if aetherium goes to 50k next year.
I will lose my mind: 6. 000. 10K. 69.
420. 10 to 40, 55k in five years, uh lrc, wombo combo. On top of ether, i mean the zk roll up technology of loop ring. I mean i love that how they play together.
I really do all right amc, not moving too much right now. Gme, not really moving too much prague we already have up, is rivien still moving. It was moving lucid, lucid having a good day, i'm not in lucid right now, i don't think might be in part of my long-term portfolio. I'm not like actively messing around with lucid but lucid nice setup on its chart. Let's do the spy over here. Let's do the cues all right all right spy. I seriously need this game to stop. You need to get back all right, let's see where the whales are positioning themselves.
What do we have? Whoa? Look at all this money be bet on snowflake, 370 for january march march 8, the march monthlies snowflake serious money, 370. huh look at that. I mean all these in succession. 438.
400. 400. 413. Two point: nine mil look at all of these.
They all hit the ask. So we have one point. Six four point: seven mill, snowflake: it's a data analytics company. It's one of the few that warren buffett has ever backed at ipo.
It's ticker symbol is snow um. It's a pretty impressive data, analytics company kind of in the same like world of i don't know something like palantir, like just data analytics for like businesses and whatever um it's backed by warren buffett. It did very well then got crushed, and now it's all, it seems. Seemingly, coming back, but so much me 370.
wendy's playing that breakout, wow wow, wow wow, how expensive are those they have to be pricey snow? What did i say january february march 370s. They are 2 000, a pop 2 000 pop. What, if you just didn't do march? What if you did the febs? How much cheaper are those feb 18th. The 370s are 15.
all right. I got two of snowflakes for the same strike but a month earlier, just because i don't have the money in the account to fade that play, but this play i mean, i know about snowflake. Obviously i'm just literally trying to fade these whales like we're talking. That's so much money and honestly recently, over the past week, we've been seeing more come across for snowflake, so i picked up two of those feb monthlies 370..
I used the same strike. I just went a month earlier because it's what i could afford, because it's what i could afford: betting on buffett bet and on buffett all right. We have snow up there, snow, snow, snow, snow, snow, snow. I actually really like that roblox and snowflake for a bit of a more of a medium term play and then obviously short term would be spies, trying to break out right now, spy's trying to break out how are amc and jimmy doing amc.
Gm ooh amc is picking up and so is gme uh i mean the charts are looking good. Amc is a little bit more filled out because it has more volume, roblox still really really liking, roblox really really liking. Roblox amc looks like it actually is about to do something: uh gme, lethargic volume, 180 000, thus far, but maybe it will pick up but we'll see we'll see it's a decent. Looking sharp.
I just wish it had a little bit higher volume. Spy looks like i might get lucky might get a bit lucky here and roblox i'm definitely getting lucky. What was the roblox play? Roblox, jan, let me write these down. Let me write them down and then we could put them all into an excel sheet to properly track properly track, properly track, all right, spy roblox and we had snow, all right, snow plus two feb 18 370s, and they would cost me 15, 40. roblox plus five. We had 110 nope jan 21, jan 21 110s and they cost 4.35 good and then spy spice by spy 478's, 478 jan 8th jan 8th jan 8 5th. Sorry, i lied jan 5th jan 5th. Why did i get you an 8th, so we have 10 of those.
First, first five were 171 and the second five were one. So that means my average is 150 and a half: okay, sweet, sweet, sweet, sweet, sweet, we're back in business, we're back in business and all three of those in combination are thus far down 185 dollars.
Literally 99% won't see this but, Whoever sees this have a good day and stay safe β€οΈ
Have a cookie as well πͺ
Lol no short squeeze anytime soon. Fools following fools.
Ape strong my friend
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