I'm rich, i'm pretty got an apartment in the city and i beat us off the coast. It costs a couple million where you're going toe-to-toe we be singing while we're winning by the time i'm 24. It starts to deal with it. If you got a man, send these brokers back to bed, because tonight we flying high first class to japan, eating sushi wearing gucci hot springs cause we can sipping on sake.

Making million dollar plans super yacht smoking pot with a billion dollar friends, bright lights, white lines somewhere in the south of france, we're going on a plane and we won't be back again cause we're heading to the moon screaming catch me. If you can so i'm about a nine, but she thinks i'm a seven got money all of a sudden. She thinks i'm eleven wow. How much did you make nah i'll, never be telling? Let's just say i went through hell to be living in.

Heaven now make money middle finger up come and let it sing now 000 in the duffel out plan is to drink. The g6, like a sexy cat, tell your girlfriends that they can bring their friends make rain. Get paid go play full sin, big gold chains, even with embargoes, got diamonds on the neck like leonardo, you don't even want to know how fast the car goes. When i peel off in the mercy, a logo got foreign doors and marble floors with an army force on the count of four ready like a low, let's rock and roll.

When we talk it over, it was nice to know ya. So i'm about a nine, but she thinks i'm a seven got money. All of a sudden. She thinks i'm 11.

wow. How much did you make no i'll never be telling? Let's just say i went through hell to be living in heaven now make money middle. What is going on welcome back to another episode of dumb money, i'm excited to get into it today, tuesday june 7th. Have you seen pre-market this morning? Uh pre-market appears to be breaking down more than i do in my shower.

This is not good um, not good. Mm-Hmm, if i can have a moment of honesty, i'm a little bit nervous, because i was working on some new algorithms and the newest one. I called ned and ned's going to be firing off today at 9 30 because ned is based all around on, like a whole turnaround, tuesday type strategy. So basically i don't want to get into too many of the details of it.

But if the market is red on a monday, there's a good chance that ned is going long on a tuesday for like kind of a counteraction, and i i'm nervous because, like i know, the math of it is good. But things are looking brutal in market right now. Things are looking really really brutal, so we're gon na find all about that at 9, 30 or technically, 9 29, but other than that we should talk about what's going on. In the macroeconomic backdrop i want to let you know why things are looking especially crazy right now and a lot of it has to relate with target, and you might be thinking wait what what the? Why is target bringing everything down? Well, that's crazy in itself! So we're going to be talking about that, i have a story about elon.

We have to talk a little bit about apple, then i want to talk about politics and i want to talk about gary gensler. Then i want to give you an update of where we're at with the payday friday challenge day. One was a success. Let's see how day two is going to come out.

Actually, speaking of day two, i need to ask you um market open. Remember, i am not asking you: is the market going to be red or green at the day, i'm saying literally at market open? Do you think the pop's gon na be to the upside or the downside? That's the question all right! So do you guys think it's gon na be a reversion and go green, or do you think it's gon na be a continued capitulation and go red um? Obviously, on rumble just throw your comments in there, so we have a lot to get into looks like we're. Gon na have quite a bit of volatility today, uh right now, my spx calls are just ripping my throat out. So that's not fun, but overall there's a lot a lot of things to get into.

I'm fully expecting high volatility, not only in the equities market, but also in the futures market and also in the crypto market. So we have a lot to get into. Hopefully we can make a chunk of change today, but before we do that a shout out to today's stream sponsor, i am talking about ftx. So if you're curious about this, it's now a full training ecosystem uh.

Before this they were very well known in the world of crypto, but now they're running out with equities beta non-payment for overflow. So that's good and it seems like they're kind of partnering up with goldman sachs looks like they want to get some derivatives going most likely. Starting off with futures, so overall, their ecosystem is getting massive massive massive and for me personally on it right now. I have nothing but good things to say about it.

It is pinned to the top of chat. It's also in the description, the video now they have ftx us and international, that's more of their pro platforms, and then they have right here they purchase block folio, which is their phone app. So i'm on both i have block folio, but then i off also ftx us so check them both out see. What's for you, ftxus super super cheap transaction fees, if you're talking about crypto and then also in the world of equities, there's no commission and so a little bit of a deviation there and then block folio being the phone app.

I just like it because it's easy to check it's easy to see where all of your crypto accounts are at uh with blockfolio the bonus. There is basically the more and more you trade, the more bonuses you're gon na end up getting from them, so they give you free crypto to actually continue trading on it, like that's their little like benefit there so check it out, pin to the top of chat In the description of the video and obviously once again, another shout out to ftx for sponsoring this stream and being a long time partner of the channel. Now, with that out of the way, let's take a little look, you see at things, speaking of crypto, you could see, we had a good run, a bad run, a good run, a bad run and that's pretty much the story for all crypto right now. This is the pain we're dealing with in the overall market, the spy ever since 11.

15. Yesterday, just down same with the q same with major major equities, but things got even worse this morning, like yesterday, we sold off. Then we went flat and you can see there was a gap down right here which remember there is a statistical edge to gap up plays, but the reason it got worse is because of target shay tgt, also known as target, also known as like the fancy red Walmart, so we got some negative reports coming out of target that similar to when we heard of microsoft and snapchat of bad reports had an effect on the overall market, because people used it as a barometer for what's going on in the overall market. Obviously, target doesn't have that much sway itself, because its market cap is at 74 billion, which, in terms of the overall market, isn't that big.

But people are using its developments and its sentiment and applying that to a lot of other consumer defensive plays or using it to retail in general and obviously, at this point with low liquidity, it's trickling over into tech and it's trickling over into crypto. So it's one of those things that it's just very quickly, spiraling, i'm going to get into more detail of market opening trades as we get closer and closer to market open. I just want to kind of get through some of this important stuff, because i am on the clock. I have 25 minutes uh charlie bella leo.

I don't know how to say his last name: charlie he's a cool guy, never met him in my life, but i do like his twitter account. He always just gives out some interesting facts. Worst u.s 60 40 returns through may uh. We just topped it right there.

It's the 60 s, p 500. Forty percent uh barclays aggregate uh we're off to the worst start down to 11 uh, so we're breaking records, but not the kind of records you want to be breaking goldman sachs says oil will roar higher and consumers will feel like crude is at 160 a barrel Due to surging gas prices, fun fact, yesterday june 6 we hit a record high for the average gallon of gasoline in the u.s. It's not you going crazy. Every time, you're filling up your vehicle, there's a very, very good chance that it's actually higher.

It's not just you thinking entire. We hit a new all-time record fear not though jp morgan's chief economist says, there's no reason, reason to be worried about a u.s recession with the private sector in remarkable shape. You might be thinking to yourself, but just last week matt, i thought you told us that the ceo of jp morgan, aka, jamie dimon, was saying that we're about to go into like a catastrophic storm, something that we've never seen before. You're right, he did say that i don't j, p morgan, it's if you play both sides, you're gon na end up winning.

If you are continually giving out both bullish and bearish predictions you're going to be right. It's kind of a genius play. In fact, that's what i'm going to start doing with all of my streams is before the market opens, i'm going to tell you that, i'm both bullish and bearish and then, at the end of the day, i'm always going to be able to tell you that i Told you so i'll be like yeah. No, i said i was bullish and the day was green.

Oh no, i said it was bearish and the day was right as long as you're saying both things you're always 100 right. It is genius right now. Things are pretty red, dow s, p, nasdaq, red red red red oil, taking a little bit of a breather but still high as long as it's holding above 115. I really think oil could be spiking up to the higher 120s yields back above 3, so yields going up bonds coming down.

Let's see how long this holes at this level, the yields are just doing something, absolutely wild. So let's talk about target shay. Here's what's going on today, target shares fall more than eight percent, as it expects squeeze profits from aggressive plan to get rid of unwanted inventory target said it will take a short-term hit to profits as it cancels orders and marks down unwanted merchandise. The ceo said the big box retailer wants to clear room for the merchandise, including groceries and back to school supplies.

Target anticipates its operating margin rate for the second quarter will be around two percent, that's lower than the outlook it gave less than three weeks ago. So three weeks ago it lowered it and then again it lowered it today. So percentage-wise, i think, there's about a 60 drop in what it thought its operating margin rate would gon na be, and that was in sub one month. So people are kind of taking this to be in the same vein of when snapchat and microsoft and every other tech company was saying: hey we're going to lower our future guidance and we're even putting a breather on hiring.

And then you have elon saying they might be cutting 10 of their workforce overall you're getting commentary from these leaders at well-known corporations that represent important aspects of the s p 500, saying not the most bullish comments. Once again, i where i'm at personally and remember, i'm not a financial advisor most likely more wrong than i am right, but here's my personal opinion, i believe in the short term, we're still in a bear market rally. I still think the market's going to go higher in the short term, but overall for the remainder of the year. I do not think we've seen the 2020 low put in the 2022 low.

I still think we're going lower than that, like that 380 level, or whatever we saw like two weeks ago, um right now, i think we're experiencing a bear market rally. I think some alpha is going to be generated playing to the upside, but overall, i think we're still in for a bit more pain. Speaking of pain, if you didn't check out my video last night about exchanges getting sued to kingdom, come for stopping a short squeeze check it out, but i do want to add on a little bit there. Basically there's more people piling in suing the london metal exchange.

Jane street global sue's at the lme for 15.3 million for canceling nickel trades. This is piling on to the 450 460 million already being brought to them in a lawsuit us-based chain. Street global trading has sued london metal exchange for 15.3 million following the cancellation of nicola trades in march. The second such legal claim it has faced this week, the other one.

Yesterday, 450 million we're adding another 15 there. What happened was i i don't know, i'm not a lawyer, so i can't say: oh it's definitely illegal, but for my minimal understanding of law it seems super illegal. They basically said: hey we're not going to trade at all, and then they restarted the trading and basically, if the day didn't go, they the way they wanted it to, as in like people were actively trading throughout the entire day. At the end of the day, they're like nah, we didn't like that.

So then they ended up busting, all the trades. So basically they said all the people who trade in nickel that day after the trading day was done like a normal normal trading day. They emailed them all and said no, your trades are busted. They actually didn't count whether it was a winning trade or a losing trade.

It didn't matter, they busted every trade if they didn't like where nickel went that day, you're probably sitting there and you're like wow, that sounds crazy. Borderline unreasonable borderline, illogical, most likely illegal because it makes no sense and you're right. I feel like a crazy person even having to say it to you, because it's like how can i explain that yeah no exchanges can just say those trades, don't count. Apparently, that's the world we we live in, i think the lme will.

I don't think it's going to end up dying shortly, but i think the events of the nicola training are going to be this first domino to fall. That leads to the lme being dunzo going to put going belly up. I think the lme, it's our it's a dead man walking it's a den exchange trading, whatever you want to call it. Elon musk threatens to end twitter deal without information on fake accounts, so this has been an story, a saga in our lives for a couple weeks now of elon's takeover of twitter.

But the newest thing throwing a wrench into it is elon is basically saying hey. It seems like the information you gave me about fake accounts is wrong. You got to give me the right information they're like well. We did give you the right information he's like no, you didn't he's like okay.

Well, we don't have to give it to you he's like i'm, going to walk away from the deal and they're like well, you don't have to you, can't walk away from the deal. It's going to cost you a billion dollars he's like the. I can't it says right here that i went on the reported numbers to the sec, so it seems like you're lying to the sec, and then you might be thinking well, if they're lying to the sec, won't they just kind of have his back and get the Right numbers, yes, but also remember that the sec hates elon, so they're not going to go out of their way to help him in any manner, because every week he's just publicly on how they're like dumbasses and don't doing nothing like useful for society. So it's kind of an interesting, almost social chess match at this point and not really like a business chess match, but we'll see how it all plays out right now.

That's why you're seeing twitter get hit pretty hard because people are starting to price in that the chances of the deal going through are going lower and lower and lower. Because we're seeing things like this - and i mean i i typically side with him just because elon makes me laugh, but in this particular manner, why would he buy out the company for 43 billion without knowing how many fake accounts there truly are like? This seems like an insane thing of like yeah. Obviously he needs that information yesterday apple had a big event, and one of the biggest things is right here. Apple ios brings massive improvements to lock, screen and messages.

The main thing you need to know is, it looks like they are going to be rocking with an edit button. So if you're, there firing off some texts in the middle of the night to that special special someone who's on your mind when you're violently drunk on sangria you're gon na have the option to edit it or actually undo the sending. So i think, there's a lot of people who are gon na enjoy the ability to take the foot out of their mouth. But once again, uh looks like it's coming with ios 16., so i just wanted to let you know quickly about apple.

Overall, it was a little bit underwhelming and you can tell that their event was underwhelming by the fact that apple at with the overall market at 11 started dropping off and in pre-market it's down another 1.3 percent, so downtown down down down down down down uh. That's the quick update with apple, oh man, oh man, oh man, oh man! When i saw this it just made my blood boil. I need to share it with you. Uh, don't watch it if you're a person who gets easily pissed off about the insanity of politics, which is probably most of us, but these comments were stated without any bit of a facetious nature.

These are all things that were said in a truly earnest manner. So, keep that in mind a former diane feinstein staffer, and just by so you know, just in the world of trading dianne feinstein is one of the worst abusers of insider political training according to the stock act, and her violations of it insist is that keeping the Diminished 88 year old in office is better than a junior. California, senator imagine that imagine like actually stating that we want someone who is cognitively and physically diminished in office instead of a junior california, senator that's how insane our political arena has gotten to, and you might be thinking. Oh man, i love the explanation for this you're you're still going to be pissed off in an interview published just on monday in the cut democratic, senator dianne feinstein of california.

Sometimes forgot questions posed to her and depended heavily on an aid to help her recall key details, forgot questions and depended heavily on the aid to help her recall key details, and we want that as a senator one. Former staffer who spoke anonymously to the outlet, insisted that, despite the 88 year old senator's apparent shortcomings, she's still able to get more done than a younger. More recently elected senator could - and you might be thinking wait - is this some sort of big brain play? Maybe she gets tired during the day but works hard into the middle of the night, like winston churchill, maybe she's a word smithsonian. Maybe she just has other things going on that she gets work done that no one else could and it's okay.

If it takes her a little bit extra long to like walk in the cast or vote because she's old she's 88. - no, it's not that at all! It is no it's not that it's literally because of how our political arena is set up and it all comes down to seniority. So basically they're going to keep this puppet because she has been in the office for so long and they want to take advantage of her seniority. So they're going to keep a diminished woman in office exclusively because of that is a diminished senator feinstein better than a junior california senator.

I would argue emphatically yes, but once again, it's not because of her it's because of like just who she is and how long she's been there not her current ability right here if we lost her seniority, every other state benefits from california not having seniority, because our Appropriations are so much larger. This is just the insanity of politics right now we are keeping a woman in office that everyone agrees is quote unquote diminished exclusively because of how some of our voting inappropriations work. That's insane that that's called puppet government folks. This is ridiculous.

Like i said, i'm i didn't make this for you to be like oh wow. I feel better from watching that video, but this is literally what's going on in real time. Obviously, i need to know your thoughts below the sec is set to reveal proposals to transform the u.s stock market, such as by routing retail stock orders to auctions. You might be thinking hey, i've heard this before and they seem to have never done anything for us, but maybe we'll give it an 18th try.

Just like you know your ex-girlfriend there you're like. Oh, i'm never going to do that again and then you're, like i'm ready to be hurt kind of like a michael scott type of a thing there. Let's see what's going on this time around and all this will be going down. We're gon na get more information on wednesday june 8th just so.

You know, depending on when you're watching this particular video. The sec is getting ready to outline its plan to overhaul how the u.s stock market operates. You'll, be like hey that sounds cool whoa, whoa whoa. I've been in this now for over a year and a half and i'm not seeing anything going well, hey the wheels of justice turn slowly.

Let's see what they have for us this time around, which could see training firms compete in auctions to carry out retail stock orders i'll explain what that means in just one. Second, the regulator's chairman, gary gensler, will lay out some of its potential changes in a speech on wednesday. Once again, june 8., the sec has been exploring ways to drive greater efficiency in the stock market for small investors since the gamestop saga in early 2021, when retail traders drove a massive spike in shares of meme stock companies, you know what i find to be fascinating About this, it's just how much of it's wrong! I don't know if this is information from the sec or if this is just how business insider is. Writing up this particular article right here, it's putting blame on retail like yo, like all these people on reddit.

Did this one thing and like it was their craziness, and now we need to fix it. First of all, you can't like i don't like this undertone of retail doing it. No, there were retail on a subreddit wall street bets who realized that gme had over 100 short interest, and then they started to learn about short squeezes, and then they put that all together and it ended up working out in their favor until it didn't. Because of something that never happened before of them taking away the buy button, but i digress this whole thing there we know from the sec report that came out in october that there were many large players in this like there were massive whales who smelt blood.

There were sharks who knew what was going on and they're like hey. I have the opportunity to take out a competitor, so it was retail, but then there were also a lot, a lot of money from big big players and once again this is all fact checked in the sec's report itself. Gensler said last year: he wanted to save investors money by toughening regulations around profits made in the financial industry. Basically talking about payment for order flow, the likes of robin hood and weeble selling your order flow to citadel and them executing it.

As in your orders, not going to compete on a late exchange such as the new york stock exchange, nasdaq iex, his main target he said was to give investors the best possible price on their orders. That means they receive the highest price when an investor is selling and the lowest price if they are buying stocks. So basically, the way payment for order flow works is they would sell it to the likes of citadel, and then they just skim off like a little bit on one side, a little bit on the other, just a portion of a cent. But when you multiply that by millions and millions and millions of shares being traded well, that ends up too being a lot of money.

More importantly than that, though, i think the fair thing is like okay, i get the shaving off a little here and there it's more of the conflict of interest of. Are they doing what's best for their clients? The sec is also considering other potential changes. These include adjusting the display prices and trading data on stock exchanges, so that the venues like nasdaq or new york stock exchange can better compete with wholesalers. When you hear wholesaler, think market makers think citadel think virtue, they're all like synonymous with each other.

Overall, we're going to get some big reveal from gensler tomorrow on june, 8th wednesday june 8th we're going to see what's going on um. I don't know if it's gon na be kind of the lip service event that we've gotten before, where it like it all sounds super good and then we never really get anything, i'm not in the sec. So i don't know if they've been working diligently and it just takes this long to like get proper things really done. I don't know if it's more of a political fight and he just needs the proper political coverage.

I don't know gary gensler doesn't call me up and discuss this type of stuff, i'm hopeful because other than that you don't want to be like a pessimistic curmudgeon in the whole event, but it feels like it's been taken a while. So i i'm i'm cautiously optimistic going into this, hoping that he does something that truly improves the nature of our market. Speaking of gme. Just so, you know the short interest: 29 percent cost to borrow 130 uh with amc.

The short interest is 23.4 percent, with the cost to borrow 14.77 and red box is cruising at 171, with a cost of borrow of 868, and yes, it is still on the threshold list. All right. Let me quickly get back to this. What time are we at we're at 9? 25? I think we are um.

Where are we at uh? Let me drop the time. Okay, we got to review a couple things. So, first of all, for my own individual trades, i am long on spx. You might be thinking, but hang on the market is down.

The s. P 500 is down. What's going on, yeah no you're right. I from yesterday till today i'm down a considerable amount of money, uh thanks for asking, but i don't want to think about it.

I'm looking for that hail mary play that sometime between now and june 17th, there's a massive, a continuation of a bear market rally in the s p. 500. So that's an update on my own. I guess options trades and i'm still also short veru anywho through puts now in terms of the payday friday challenge this friday.

Ideally we're giving away a thousand dollars to one of you lucky winners. If you want to be in the involved in the payday friday challenge go to the video, whether it's on youtube or rumble it's in the description of the video, but you can find it like macquarie's, like thousand dollar giveaway, just search that rumble youtube uh. You could do it on both if you want just comment, don't reply to anyone else's comment. Do your own individual comment of just your twitter handle? If you don't have a twitter handle use your instagram handle, that's all you have to do that will get you entered.

You just need to comment it and you are good to go and that giveaway is going to be friday june 10th at 10 a.m. Friday june 10th. 10 a.m. We're giving away a thousand dollars.

All you have to do to get entered is commenting your twitter handle and, if you're trying to find the video it's in the description of this particular stream but anywho day, one was a success. We're gon na go for 200 of profit every single day, monday, tuesday, wednesday, thursday friday day. One was a massive success. You guys got it within like six seconds.

I think like it, maybe not even maybe five seconds uh. So that's what i'm asking you guys for right now, you guys said red out of the gate and i'm gon na be taking your trade out of the gate. Let me actually update that code. Right now.

You guys are saying red red red, red, red, red, red, red, red, red rem, red red, red, all right, all right, all right, we are good, i feel, like you, guys, are just kind of going with the pre-market. It feels like you guys, are going trend following and not really trend, reversion which hey, i hope, you're right, we'll see how that is. I have the code set up so that one is set up, but i'm a little bit, i'm a bit of a nervous nelly. This morning, because the other algorithm i was working on for myself that i have now called ned um all relates to a turnaround, tuesday concept and with turnaround tuesday, that's basically going long after a red monday.

So now it's kind of interesting because we're going to have a competing algorithm on the nasdaq we're going to be going. I guess short at open because you guys said that and then i guess we're going to be going green. I don't know so one of them is going to hit. Are you guys sure about red like you? Don't think that this is an over exaggerated move by any means you're like that's what i don't get like so 62 percent of you.

I would love to know your reasoning because, like my thought process is, i would see something like this, like i kind of want to override you, because what about the gap up like i feel like i've, been trying to show you how much money you can make From gap fills, but then like, are you guys listening to me at all about that, because, like six out of ten of you said no, you know like change mind like we, you know, there's a gap, fill all the way up to 4. 10. 55.. All right now people are saying green.

Well, what is it? Is it going to be green, or is it going to be red so all right, let's turn it over to rumble rumble. What are you saying rumble rumble rumble everyone in rumble like spam. Your comments, green because saucy said so saucy seems like a very trustworthy name all right. Well, if saucy's, oh uh, oh i think it you guys, it said order filled and i didn't.

I don't think i switched the code in time. Uh. Oh hang on! Hang on! Hang on hang on here i messed something up all right: we're code, red scenario, code, red scenario, code, red uh, okay, um, i i wasn't able to switch it so it went short. I went with your initial one over here.

This is the stream vote on the left side and then this is the new ned strategy on the right side. So ned is on the right and then your vote that i didn't switch because like at first you guys were all red and then we were talking about it. You're like oh, hang on. We want to go green but i didn't.

I didn't realize the time, and now i'm, oh, my god, all right well, this is the degenerate type stuff that i guess everyone's the totally real, not real, but sometimes real. Also not real casino is open. Oh no! No! No! No! No! No! No! No! No! Well! This is ned ned's gon na lock in some money, so ned is on the right. Your vote is on the left.

Um wow, look how close that was without getting a fill we like came right. There ned was real close to getting a fill all right. Let's just hit both: let's fill both all right optimism, that's what we need. We need optimism.

Folks, optimism, optimism optimism! I just don't understand how this could have been that close to getting a fill and then yes or not feel right. One of them felt so stream hit you guys hit and ned almost hit. Ned was literally as close to hitting without getting a fill as you possibly could have been so day. Two a success day, two of five we're good to go.

We are on the path to payday friday. Everything is looking g there, like bueno bueno, bueno um so day, two day, two of five solid, solid, solid. The only other thing we really need to consider at this point is ned, which is my turn around tuesday strategy, which come on ned come on. Give us that money give me that money.

I got ta pay that sangria bill. Somehow, let's go ned ned ned, ned ned! Ah, congratulations. You guys crushed it on that one! You guys did cry. I was nervous, i'm not gon na lie.

I was nervous. I was nervous. I would just love to be done right now, two minutes into the day. If, like i mean, did you see how frustratingly close this got, this got all the way up to 87.00 and the fill was at 87.25, which is like one that's how this work moves is in like quarter ticks all right, hang on, let's see, what's going on In the market, let's see what's going on over here, a little bit of a vomit out of the gate.

407, we know is important support, so maybe it'll bounce off of that. If it goes below it, then we're watching like 403 ish, i believe, but the thing i want to remind everyone of gap, fill gap filled to 4 10 55 gap fill up to 4, 10 and 55 right here. Yesterday's low and today's current high do not overlap in price, so we still have a gap. We still have a gap.

All right here we go, ned ned got ta fill. Is it gon na say it? Where is it gon na say there? We go order, filled uh the code a little bit, so we locked in 500 there and then we locked in like the 230 240., so we're good, ned crushed it today. You guys crushed it today today was a huge success and just to make sure that i don't end up like over trading, i'm going to exit out of the program right now. Close workspace say: yes, all easy, peasy lemon squeezies folks, it's just like that.

It is just like that uh big success, and how long did it take us three minutes three minutes 750, just like that, and they say the american dream is dead little little did they know that you could just ask your friends on the internet, how to trade And make your money all right, i'm telling you gap, phil, 4. 10. 55., crush it in three minutes who's, the guy that says order filled. He sounds so hot uh yeah! I just i hire morgan freeman to stand in my room every morning and i'm like yo dude.

We hit it and he's like okay order filled um. Are you using alpaca api? No, i am using tradestation, which has its like own internal language called easy language, and it has its own data sets um the api training that i'm familiar with is through interactive brokers and that's either like python or c sharp, or something like that did he just Call us his friends yeah chris, you are my friend uh rdbx watch it above seven, dangerous above seven. So inherently everyone was right today, red days, green days, inherently, we were all right, like the guy from halo, kill, tackle uh how much capital to make that 750 to hold the contracts i had. It would be 12 and nine um all of the contracts that i had on this morning, because i had three contracts which is abnormally high.

Usually, i only have one but i had three on this morning: um and the total to carry that was 21k um to like be able to create that position um even for a day trade to swing it overnight. It would be more because the margin rate's higher, but just to day trade on the futures market um, the nasdaq it's 9k - just to be able to day trade that and then for the s. P. 500, it's 6k, but i'm trading, the minis there's micros! That are a 10th of that.

So instead of 9k, it's 900 instead of 6k, it's 600. They have different types. I trade the minis, but there are micros as well and then obviously the risk and reward would just be divided by 10 as well. It's futures are a little bit strange because, if you're looking at something like red box right now, if you're like, i want to buy a red box, you pay the price so like right now, it's 7 15, so it would cost you 7 15 per share.

Futures. Aren't like that, because you're trading contracts, so no matter if it goes up or down, it's actually going to be the same because you're just buying the contract and the contracts price, doesn't change, you're, saying hey i want to get in and then the contract itself becomes Worth more or less and then the way they price the contract is based on the volatility of the market right now. So since i started training futures until now, the money you have to put up to just be in a contract, whether long or short, has actually doubled um for the s p 500 to swing it overnight. It's now 12 grand when i first started trading futures.

It was six grand so then, today, trade it it was like 25, so you're trading it at three grand. So it's just because of margin or volatility that it gets. You need to put up more margin or less margin. So if the volatility of the s p 500 were to go really really low, it would actually be cheaper to train them because it's actually not based on the price.

It's based on volatility it and it's weird, and i know it sounds funky and it's really futures are kind of like where equities and options kind of like interact, but then it has some of their own specialty things. So these contracts they have an expiration date. The way options do and then you pay your price and it's not really premium because premium goes up or down. Based on like the underlying thing, which that's not really true with futures, because it's based on volatility so like it's, it's its own derivative class with similarities to equities some similarities to options and then some of its own stuff.

And i know i'm talking to this and you're like dude you're speaking like a weird alien language right now this doesn't make sense. Um. The best way to get used to futures is just trade with a paper account like as much as i could explain it and be like hang on, like one point like a dollar in oil is actually a thousand dollars in usd like that type of stuff you're, Like wait, a dollar is not a dollar. Are you making this up? Is this a new form of crypto? What's going on, like? Are you getting this information from nancy pelosi herself, like all those questions, are very, very fair questions.

Uh the best way to learn about it, make a paper account just use, fake, fictitious money and just start buying and selling, and your brain's gon na start to piece it together and you're. Even gon na learn about the sessions like most futures trade for 23 hours out of the day, it's not 9 30 to 4.. They open up at 6 pm and they close at 5 pm the next day and then they take a break from 5 to 6 and then they reopen and then they're not opened on saturday. So they have their own schedules and then even different futures trade on different schedules like if you trade live cattle, that's not training 23 hours.

Out of the day it trades like some weird midday session and then that's it. So there's odd things you have to get used to and i found that the best way to get actually used to it is literally just with a paper account just use fake, fictitious money and start trading like a madman and you'll start to put it together. All right sounds like it should be regulated. I mean it's somewhat regulated prophet.

I was telling myself not to buy tesla a call until it hit 694 and damn it. Why did i not listen matt freaked out for nothing? I was just a little nervous because target was ruining like the day for everyone, but once again the s p 500 does have another gap, fill a dollar higher a dollar fifty higher the gathers at like 10 55 in what you're seeing in the top left. So in terms of just i guess, having an edge does it have to gap-fill today? No, it does not have to, but i, like the odds of it, i like the risk and reward i mean i think, we're so overextended to the downside of at least training up to 10.55. I think there's an edge in that play and that's all the market is nothing's ever ever going to be guaranteed.

It's all. You look at the risk and reward scenario, and are you willing to take that risk that potential risk for that potential reward and that's up to every individual person? Do you want to get in now for riding it up to 410 and 55.? Do you think it'll go higher? Do you think it'll go lower um? Those are all things you're, gon na have to answer yourself, but i have to point out uh when snapchat did this to us recently, when microsoft did this to us recently, we did rally throughout the day, so i am being optimistic, i'm most likely being biased, though, Because i do have those xpx calls, so i'm not really sure if i'm seeing the market clearly right now, because i'm biased i'm down a lot on my spx call. So i'm trying to just give myself confirmation bias for it going up. So take what i say with a grain of salt, but i'm trying to be a little bit more.

I guess, grounded in the world of realism and the reason everything's down right now is because target, but i see target with a decent rally. It opened at 147 and it's trading at 151. So if we see target continuing to push hey, there could be some optimism. There apple kind of hurt the market yesterday with a lackluster event, so i'm seeing apple getting a little bit of a push.

So overall, like am i biased, yes, 100, because i'm trying to not get my ass handed to me on my spx calls uh. I still have time i have till june 17th, so i have 10 days a week and a half so like i'm not sweating yet but um, i'm not sweating, but i am crying in the shower. If you know what i mean, if you know what i mean iwm already gap-filled, okay yeah, i mean these gap, those you could play it on the spy, the q's, i don't you can play it on many many things i like them, the best on the major Indices, the spy, the cues and the russell oil's ripping where's the oil oil's at 1 18.50 when it starts pushing 120 again i mean, i think, it's absurdly bullish above 115.. The biggest issue with oil right now is that jim cramer, just yesterday told people to buy it.

So i'm worried that jim cramer telling people to buy because he thinks oil is going to go up. We actually might have. He might have forced the maximum to be in for oil before that. I was telling you that i was absurdly bullish on oil, but there's no fighting the power of the inverse kramer etf um.

Everything about oil is bullish. Besides the fact that jim cramer said he's bullish on oil, so take that how you want, but if you're looking at exxon, chevron, devin energy, uso oil fields, occidental petroleum, like the only thing - that's not bullish, is that jim cramer is also polish. People are saying tesla up to 704 redbox redbox might get a little bit crazy today, redbox up nine percent. What's my opinion on amc at the moment, uh just trading at 12 bucks there's not really much momentum or volatility right now in it we spiked up.

We came down, we spiked up, we came down, we did put in a higher low. I would like to see another higher low and then a test of the mid 14s and this trend line right here. Looking for this trendline breakout that we've had a tough time getting above um right now, amc is looking like it's just. The recent run basically for a while now ever since this, like trendline breakdown right around here in november, which is also when the market like started to really turn um.

It's been a not fun well, this was fun from here from march until mid-march. So the end of march, that was a pretty fun period, but right now it's just we're fighting a very different macroeconomic scenario. To think that this year can in any way be similar to last year's wrong, because last year we, the market, was being supported by the federal reserve they were buying and buying and buying well, starting in june 1st. They started selling this year in no way can be compared to last year.

This amc at 12 is very, very different than amc at 12 last year. I want to make that explicitly clear. The market is in just a different regime. It's in a different phase.

What's viru doing, what is varu doing? Are you kidding me seriously? Can i just never get a break with varu? I'm just like it's it's insane. The the second i get out of veru is gon na, be the day that it just like completely collapses. I i can't believe it i 100 cannot believe it uh. Where is the gme volume? Where is the gme volume apparently non-existent? It traded? 232.

000 amc traded, 3 million. I mean these are numbers that we would see in the first 10 seconds of the day. Last year, the the volume's - just not there, there's really from what i've seen and maybe i just need to take a little bit more of a deep dive into it. I haven't really seen liquidity issues with amc and jimmy.

It seems like people are getting into and out of large positions with relative ease like we're still seeing block trades. So i don't know if there's necessary liquidity issues, but the volume is definitely very, very low. All right, rdbx still looking phenomenal, don't forget a hundred. Seventy percent short interest: eight hundred percent cost of power.

It's on the threshold list right now, if you're watching this in real time. This is arguably the biggest powder keg and i'm saying that as an unbiased person uh, i have no position in rdbx like i. I don't this is not a fundamental play. This is a good old fashion who is going to blink.

First, the bulls are the bears and we're seeing that the bulls, the people going against the shorts, the egregious shorts over 100 short interest on the threshold list, something in the data in the back end is happening with rdbx. That should not be uh. For me, i mean, in terms of my like yolo diamond handed squeeze, plays i'm tied up with amc and jimmy, so i don't feel like a particular pressure to get into rdbx, but i have to admit i do wish. I picked some up like sub five dollars, because i think this could be a fun roller coaster for sure.

Does anyone know what training app is using? So for my chart viewing? This is just called training view for my crypto training. I use ftx, where i have my stock is on public, just no payment for order flow. You can see that it's easily visible for my options, training i use thinkorswim and then for that weird, the ned algorithm and all that stuff. That's called tradestation.

So that's where i trade my futures, so you might be like whoa. He seems like he has a different thing for everything i do and it's super frustrating. I wish i had a brokerage really. What i want to happen is for one company to come out there and just do it like be like hey.

We have crypto trading, we have non-payment for order flow stock trading, we have options trading, we have futures trading and we let you algorithmically trade as well. I just need something that lets me do all of those um, but as of now, i'm pretty dispersed like in fact they're all different. Like my stock, my options, my crypto and my futures are all on independent ones, and then, on top of that, i use a different software to show you guys all the charting, so it is, it is what it is. It is what it is.

Uh we're. Looking good, i mean i'm still looking for that gap. Phil i mean the gap. Bill is right here.

I don't know how to be more clear about that. 10. 55.. They don't call me gap, daddy un-only fans for no reason: b2 apple pin to max payne 146.

uh uh sensei uh. I'm sorry to hear that um really sorry to hear that condolences, condolences, condolences all right. Where are we at when's, the next f1 race? I think it's this week's weekend right. All right did we get the gap phil yet not quite not quite, but we were, we were getting close.

We were 70 cents away. The bulls are showing up. The first 18 minutes has been pretty bullish, apple, looking good target. Looking good red box - just let me know if it's pushing 7 30 again and we'll bring it right back up, but let's kind of give a quick check of some of these other major plays microsoft.

Looking very good amazon day two after the split looking pretty pretty solid amazon trading at 122. uh, let's check out nvidia nope need to spell it properly nvidia. Also looking good amd. Looking good amc um it's in the green and i like the look of its chart right now: amc showing some strength, gme lagging a little bit behind, but hey it's also up by one percent uh.

Let's check out tesla tesla was looking pretty good, got smacked at 707.50, let's see if it can recover and push that one once again, uh oil training - oh oil, is going up so how's oxy doing uh 69, okay, oil's looking strong right now, i'm actually seeing pretty Bullish, so hey ned's strategy of turning around tuesday, thus far it's playing now it's playing out turn around tuesday. Let's see if we can get the recovery for the spy to actually get back into the green, it would have to go another two dollars which would put it around 412.. I would love for it to be a full on rip. I still have those xpx calls.

Uh target looking good: this was the main colbert, also apple. That's why we're watching these two today, because that's why we had such a gap down in the market um, but i'm looking for the gap fill and that's also going to serve as resistance for 10.55. So it all comes down to this right here. How is the spy going to react to it? Oil is looking very strong.

I mean i'm telling you like, and i feel like i'm preaching to the choir, because if you watch any of these, i'm like hey, i'm bullish on oil bullish on oil, bullish on oil, i think give it a a couple weeks. I think in a short period of time, oil's going to the high 120s. That's my opinion i might be right might be wrong, but i mean i i don't underst. I don't understand any of the bearish case on oil right now.

I really really don't rdbx people are already calling it back out all right rdpx. This thing looks like it's gon na rip, thanks for calling that out, wow wow wow. This thing we might have a little bit of a ignition on this one. Let's slap a for all you rdbx fans, i'm missing the boat with you, but i'll, throw a rocket on i'll, throw a rocket on all right, amc's.

Looking good too there we go there, we go okay, spy's about to gap-fill spy is about to get phil come on 10 55.. Let's see it, let's see it is gap. Daddy gon na strike again uh two cents away. I was two cents away.

Let's see how this is gon na work come on two cents give us those two cents come on come on. Let's do it right here. Let's do bada bing bada boom. Is it gon na? Do it bada bing bada boom? One more cent literally 10.54.

Are you kidding me? I i feel like the market is literally going out of its way to embarrass me in front of all of you. Am i a shitty trader? Yes, am i this shitty, though, like what are they like a cent? I call out for 10 55 and it stops at 4, 10. 54, like seriously like folks. Am i a good trader? No, but, like you have to admit something, weird is going on that they they embarrass me like that.

They're, just trying to make me seem like a bigger loser in front of all of you, which they don't understand that i already do that myself, like i already make myself, look like a massive loser like seriously. One cent are you kidding me uh. At least rdbx is looking good amc, dude, embarrassing, and now it is no one sense again, like hey you kid are you kidding me. This is just wild.

It's literally not gon na give it to me. Well, i don't know i have red box um. I was just late to the party i felt like when i first started paying attention to it. I just thought it was a little bit chasing.

That was all the way back around five dollars, so i just never had an opportunity to get a good entry on it. Try harder i'm trying to try harder. I just don't have it in me. I can't believe this one said now: there's like and now we're coming back down.

Are you kidding me off by one cent? If you dropped a like, could you take it away? Please i see some people drop likes on youtube. I see people drop likes on rumble. Um, i'm going to be honest with you today. I don't deserve it.

If you hit the like button, i appreciate it. It was probably more of like you felt bad for me, but no, i think i can take this. I can i can handle it. Everyone take away your likes.

I highly prefer that um, i i don't deserve a single like until it gap fills. I'm i'm staking my reputation on it. Everyone take it away same thing on rumble. It's just.

I don't deserve it. It's i don't want to see, it should be. If you could negative likes, i want nate like. Could you somehow like read, someone needs to hack, youtube and rumble and then make it, so you can go in the negative territory.

That's what i need actually yeah and it's like yeah, unlike endis like yeah, do it all do it all write mean things about me on reddit. I appreciate it wait. No now you guys are hitting the like button. Are you? Are you guys deaf, i'm saying don't like it? I don't deserve it until this hits.

This is embarrassing. This is beyond embarrassing. No soup for you, alco's are laughing 10 55. Like this.

Do you need any more proof that citadel is messing with me on a personal level? Besides this right here aggravated trade bro, look back at your super chats! I've been here for a while.