Foreign. Thank you Foreign Foreign Doodly Dannily team. What is going on? Why is it so dark like that? Oh yeah, it's because I broke my light. Um what's the best way to fix the lighting in real time I Have that light.

This is my left light over here. Why is it so dark here? I Look like that guy from Batman Two-Face Uh, you know everyone. um I have an idea I think I haven't I it's not that part of that like do I need do I need my hair light over here I Think we need to switch it up a little bit. Hang on everyone.

Just hang on. Foreign. Foreign. Okay, all right I think that's something we could work with.

Does he know he's live? Yeah. I Know I'm live. Tired of taking this with some some modicum of professionalism? It's time to show you the real me. I'm a I'm a screw-up team and when we set up our studio, we're gonna set it up together.

Wobbly bookshelf? Yeah. I didn't put on those like back braces things. Are you sure you know you're live? I Feel like I know I'm live. Who knows what's live anymore? It's much worse.

Bring it all back. George Georgie I Appreciate that. That's the type of stuff we need. So a couple things to chat about.

Couple important things today is: Thursday sorry about that. Um, two companies basically admitting they're gonna die today. Number one: Silvergate. You might have heard Silvergate before.

Ticker symbol S I Uh, a month ago, over a month ago. we interviewed Mark Cohotis about it and then from there we did a little bit more. DD and we've been talking about it probably once a week ever since then saying yeah, no gonna die and it ripped yesterday Definitely looks like it's gonna be murked today. So Silvergate, if you're shorting it, congratulations to you.

The other one that looks like it's about to die is kind of an oldie. but Bed Bath and Beyond BBB Why? The one that all the Ryan cone sick of hands were trying to like back up and show you know this is the next bestest thing ever. Ever. Ever Ever.

Well it turns out it's not the next bestest thing ever ever. The company coming out with a statement that basically says we don't know how we're ever going to continue our business so that sucks. So there we are: yo Seth is an astronaut Seth Aren't you a mod in here I Didn't know that mods could become astronauts? That's an interesting development. Uh, nice seeing you pay.

nice seeing you paying to see Matt What? Okay, what? I'm confused on that one tracks. but good morning. Good morning to everyone. good morning to.

Also, we're obviously going to be talking about Silvergate. We're going to be talking about uh, whatever's going on with Bed Bath and Beyond We have some reports that are came out this morning. We have some other reports coming out Today we have the unemployment report tomorrow. we have to talk about Amazon Salesforce Laying off people.

We have to talk about some of the recent funny stuff that AOC was saying and then by then I think the Market's gonna be open and we're going to see if we can make some money now. Yesterday a quick recap of this week. So far this has been a shortened trading week. no market open on Monday on Tuesday your boy did okay I think I made 142 dollars.

It was great. Um and it was pretty easy Yesterday I made money but it wasn't so easy. wasn't so easy whatsoever. Uh, I started off the day down 600, then I was down 2.2 000, then I was down 3.3 000 and even when I was locked in at a loss of 3.3 thousand my like I had another dip of like 700 but then I was stupid and held that position until it turned around and then I went up and I was down like 1.4 000 and then all of a sudden I was break even and by the time all the dust settled on the day I was up 1.8 K which I've actually I was like kind of reviewing some of my trading journal stuff.

I've had better comebacks but something about yesterday's was emotionally the best and I think why it was was because when I was sitting there with all of you throughout the day I had like come to the realization that I was about to blow my account up and it was the second trading day of the year which would have been awful and then on top of that, not only just like handling that emotional damage of blowing up your account on the second trading day of the year uh, doing it live with all of my internet friends so that was wild so we're gonna try to avoid that today. Uh, today. Um I'm gonna try to be better and we'll see how it goes. So thus far, two trading days into the year green on both days.

I Don't know if it'll continue? Looks like we're gonna have a kind of a crazy day in the markets I Hope it does, but we'll see how it all ends up playing out. Um, before we get into all that though, a very, uh, quick shout out to today's stream sponsor I am talking about true Trading Group So this is an entire trading ecosystem. They have a chat room, uh, education? um a lot of modules. Actually they do weekend like breakdowns and tutorials.

A lot of cool stuff. If you want to try it out for you, you don't have to be like how much money is a blah blah all that thing. You can try it out for one week, one full trading week as in seven trading days for just three dollars, Three dollars and I actually like kind of this time of the year the best because Michael right there the guy who's on the screen is the lead. Trader over at TTG True Trading Group And at the the start of every year, he does like his full year thesis of what he thinks the strongest and the weakest sectors are going to be.

And last year he was calling out financials and really calling out energy. And if you paid attention to energy last year, you know that he absolutely destroyed it. So not only can you check out at this particular week of what's going on right now within the community, but you get a free, like yearly breakdown analysis of at least where Michael thinks everything's going to be going. So check it out.

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It is on a Truetraininggroup.com and right here as you can see. Uh, one week for just three dollars and all you need is a first name and an email. So shout out to them. Now with all that out of the way, stock futures are flat as Investors Digest Fed minutes.

look ahead to labor data. So the Fomc meeting minutes the meeting from December. Well, the meeting minutes came out yesterday. it was around 2 p.m High Volatility went up, went down, went up, went down, and then it actually even continued that into the overnight session if you were paying attention when it all came out.

We streamed it yesterday if you want to check it out, but we ended up doing a chat. GPT Breakdown To summarize it for us: there was some positive things as in bullish. There were some bearish things I guess negative I don't really use positive and negative because you might be playing it to the bearish side. So there were some bullish things.

There were some bearish things and that's probably while we saw some chop. What? I want to point out and I'll show you this on the chart in a second two days ago. the Overall: Market Had an outside bar. yesterday.

we had an inside bar. If you look at that combination, it's commonly followed by a breakout. It's not always followed by a breakout. and I'm not saying to the upside or the downside.

I'm just saying some sort of trend being created and I would in no way be surprised between today and tomorrow if we have a large move day. Today we got some. We got the ADP employment report. We got the jobless claims.

Tomorrow we get the unemployment report. There's a couple things not only from the charts, but also just the reports that are getting jobs that lead me to believe it wouldn't be the most insane thing to start a big Trend And on top of that, we've now had about 12 to 13 days of consolidation in the overall. Market Remember, when it comes to the market, it is commonly in the pattern of expansion, consolidation, expansion. consolidation.

That is a natural market cycle. We've been consolidating for a lot and as you kind of push the accordion in, then it's just a bunch of potential energy. You know you're supposed to have a potential which will eventually lead to kinetic energy. I Can't guarantee you when it's going to happen, but I'm saying the longer it's kind of wound up this tight, the bigger the explosion will most likely be.

So I'm personally looking for that. I'm not telling you that I'm leaning bullish I'm not telling you that I'm leading Bears What I'm saying is I'm waiting for a breakout in either direction and I plan to play that direction very very heavily. Could come today. could come tomorrow I Don't know.

We'll wait and find out. So early this morning things were green, but now they've turned red after the ADP employment report dropped. Uh, the Dow the S P and NASDAQ are all kind of red right now. Oil popping up a little bit 73 and then yields are holding at 3.7 Five things to know before that stock market Bell goes Dingity ding ding ding dong today.

Thursday January 5th Amazon is laying off more employees. Yes, we're going to be talking about that same thing with Salesforce The FED plans to stick with high rates for some time. We know that they've already been telegraphing that move for quite a while now of hey, we're going to bring rates up probably around five five and then we're gonna Coast there until things simmer down. The House of Representatives still doesn't have a speaker.

Uh, this complete Folly of a situation is continuing on and on and on, chewing things over. Everyone's looking at the Fomc meeting minutes and there's really nothing new in it. Amazon Plans bigger job. Cuts Will be getting into that in one second.

sometimes sucks. Cut gains after Feds meaning minutes signal more rate hikes ahead. This should be a surprise to no one. If you've been paying attention to this channel any other Finance channel for even a couple months now, you know that the FED has been very forthcoming about this.

Uh, Cox joins the mobile family Cox Communications private held cable and internet giant will join its publicly traded Rivals and offering Nationwide mobile services to its customers. Just so you know, Congress in limbo I Believe after six attempts now. uh, he still doesn't have the votes and I'm talking about Kevin McCarthy Uh, six attempts later and the dude is still not getting the votes. Um, it's definitely a pie on the face type of a situation.

So early this morning, private payroll growth surged by 235 000 in December well above the estimate. The estimate was 153, which means the estimate was off by a huge 50 margin. So this is a good economic report and it's not the only good economic report we got. if you look at the initial jobless claims that came out at 8 30.

Just so you know, the ADP employment report came out at 8 15. this morning. It came in lower than expected. They were expecting 223.

It came in at 224.. So between 8 15 and 8 30, we got two positive economic reports. But remember, especially if you're a fan of stranger things, we live in the upside down. A good economic report means that the FED has more room to be more aggressive in fighting inflation, which is not so.

Bueno for the stock market. That's what this is when the economy is showing reports of strength that is opening the door for the Federal Reserve our Central Bank to be more aggressive in their quantitative tightening and in their overall restrictive policies to fight inflation. So good economic reports recently over the past year have been pushing the economy down and that's exactly what happened early this morning. I Mean check this out.

Ever since 8 15. Look at this: 8 15 a good report came out and we started going down down down and obviously it was accelerated at 8 30 when another good economic report came out. So I Just want to explain quickly. The reports that came out this morning where we're at I mean things were actually initially looking pretty good.

We were looking at the breakout potentially of yesterday's high and instead we took a pretty brutal U-turn and now we're at actually even closer to yesterday's low than we were the high and that all happened within one hour. Speaking of the economy, it's not. Also, Rosy Amazon says it will cut over 18 000 jobs more than initially planned. Not so good.

Obviously when you have big Titans like this saying, uh, we need to cut people, it means that they obviously know the health of their own business and they need to save the money of 18 000 salaries. So when we're in situations like this when we're hearing similar verbiage from Google Apple Tesla Amazon even Salesforce Like so many of them, even big Financial players such as JP Morgan I find it a little bit concerning that people are still like oh no, no, no, okay, I see these big companies with stronger balance sheets suffering right now, So I should be putting my money into investing into things such as Mullen Mmat all those things, It just doesn't make sense to me. There is a time and a place to put more chips into the center and to be a little bit more degenerate and take a little bit higher risk. We are not in that environment and I think there's too many people who are a little bit newer to the market that treat every single trading day as if it's just any other trading day.

but you always have to pay attention to the macroeconomic headwinds. And Tailwinds Circa 2020 2021 we had quite a few Tailwinds Supporting us, there were a lot of bubbles. Everything was ripping. Crypto stocks Futures options, Real estate.

Everything was ripping. So if you put money on the table, it was kind of beneficial to take those higher risk bets because a lot of them were paying off. But then all of a sudden as soon as January 5th 2022 hit and we were told that we're going from quantitative easing to quantitative tightening, the game changed. We are now playing a different game.

So to think that things could rip as easily as they did in 2021 now and 20 the start of 2023, it's just not the situation we're in and like you might be of a different opinion. but I guess I would point out the scoreboard and news articles like this and be like look it when you have big business Titans that are under pressure, that's not the time to take the higher risk bets because if the big guys are suffering, what do you think is going on with the little guys Salesforce is cutting 10 of its Personnel more than seven thousand employees. This is just another one on the list of saying hey, we know what's going on with our business and we need to save money right now. Unfortunately, the I guess contagion of this is spreading, spreading, spreading crypto Focus Bank Silvergate Capital fires 40 of its staff now.

Obviously this might seem like the other stories, but this one's a little bit special. Silvergate who is the crypto bank and they had the send Network that basically connected I mean FTX had that quote of uh crypto will be split into two different time periods like before and after Silvergate before and afters of the said Network Um, Silvergate is the crypto bank that enabled a lot of the banking for players such as FTX Binance. Whatever. The list goes on and on and on and a lot of people were looking at this and seeing the downfall of Terra Luna 3ac Voyager Genesis FTX The list goes on and on.

Uh, and they're saying well, if Silvergate was one of the two main crypto Bankers there's no way Silvergate can be good and then I think it was Alan Lane was his name this current CEO he's been on news saying things like oh no, like we're gay, don't worry about it. Well uh, if you remember this a month ago I did an interview with the short seller Mark cohotis and this was a month ago and it was very evident in that that he presented the evidence of why Silvergate will probably go down and then from the interview. We kind of try to do our own journalism, did a little bit of a deeper dive and yeah, Silvergate looked like absolute trash and now it's kind of You know the I guess the fat Ladies singing? you could say so. Silvergate yesterday had a great day up 27 was trading at 22.

but all of a sudden now that some of these articles have dropped, hang on. let me session all right. You can see that it's getting absolutely murked this morning dropping from 22 to 13 and it's continuing to go down down Down Silvergate race to cover 8.1 billion in withdrawals during crypto meltdown, being sold assets at a loss to cover withdrawals, and cut 40 of its staff, but remains committed to crypto. It's just not a good situation.

They're laying off 40 of their people or about 200 employees I Just don't see how they get out of this. We've been talking about Silvergate uh, ticker symbol Si literally now for over a month, about six weeks, every single week saying hey I said I wanted to short it I just didn't see my opportunity to strike and yesterday we were talking about it even when it was ripping and a lot of crypto based ones were ripping Riot coin Mara la la but now they're all taking a very steep U-turn Silvergate I Do not see a way that they survived this Silvergate I think is going to get destroyed I have no position I am not long I'm not short I don't have calls I don't put I haven't Nothing in the game but just kind of reading the writing on the wall I Think Silvergate is going to get its ass handed to itself and that's not the only one. This is about Bed Bath and Beyond Bbby the second love child of all the Ryan Cohen sycophants. while the company continues to pursue actions and steps to improve its cast position and mitigate any potential liquidity shortfall.

Based on the recurring losses and negative cash flow from operations for the nine months ended on November 26, 2022, as well as the current cash and liquidity projections, the company has concluded that there is substantial doubt about the company's ability to continue as a going concern. when the company itself is saying that they're unsure if they can continue. that tells you that the company is not in a good situation. In fact, it's in a dire situation Bed Bath and Beyond is probably one of the next popular stocks on The Chopping Block Bed Bath and Beyond shares plummet as company warns of deeper financial troubles for them to actively warn against this.

It tells you how bad things have to be right now. it is down 20 and this brings me back just the fact of once a suit, always a suit. So many people were giving a lot of other commentators in this situation a hard time. like how could you not be supportive of Bed Bath and Beyond how could you not be supportive of Ryan Cohen Well, because Ryan Cohen screwed everyone he knew exactly when the reports would drop.

He got out in this situation, cleared 60, 50, 60 mil and ever since then it has been absolutely murdered and it is going down more and more and more. There's a lot of bag holders in this and I feel for you I am sorry but the chance of you getting your money out of this play is pretty slim to none. I don't have a Bed Bath and Beyond position I have no skin in the game I'm not long I'm not short I don't have calls I don't put no skin in the game reading the writing on the wall. you got absolutely screwed by this play.

It's painful. It's just the painful truth of the situation. So S I B B B y those two Today the big news that they're just getting absolutely absolutely destroyed. Uh oops, don't want to exit that one.

Want to get rid of this one? Ford Pickup Truck Sales in December help narrow overall sales decline in 2022. Oh interesting. Uh and then this is just a little bit about AOC and Kevin McCarthy and this actually ties back to FTX. So I just wanted to quickly share this with you am I Still good on time.

Oh yeah, beautiful on time. Okay Republicans Do you think that Kevin McCarthy should be investigated for using illegal FTX money against America First candidates and their primaries? Will you commit to investigating him? Not sure if that's true, but it's true. it's true. Uh, so apparently the guy who might be the Speaker of the house was a recipient of the FTX dirty money, so we'll see how that one ends up playing out, but could prove to be very, very interesting.

All right, let me switch this to the one minute looks like the Spy is taking a nosedive, Silvergate taking a nosedive Bed Bath and Beyond taking a nosedive. and if you'll notice in the bottom right of your screen I have HKD Now you might recognize HKD from being like a mega squeeze. At one point, it was a top 15 company in the world. It went from nothing all the way up to 2.5 000 per share.

This was just a crazy low liquidity squeeze. and then of course, like all these do, it ended up vomiting. It would have been in perfect short at a thousand and you could have rode this puppy all the way down to 50. maybe 950 per share.

Well, it's moving again as of this morning. It closed out yesterday at ten dollars. Right now it's trading at 17. I Have once again just to be completely forthcoming with all of you.

No position. but it does seem like it could be fun to watch I Don't know if there's any legitimate news, but we also know historically that this thing can move like a freaking NASCAR So I thought it'd be fun to kind of watch it just to see if there's any craziness out of the gate. So watching the overall Market in the top left bed, Bath and Silvergate look like they're gonna crumble not only today, probably in the coming trading days. and then I thought HKD could be in the bottom right just for a couple fireworks.

So we're ready for that. In terms of announcements today: I believe Oh, I should have exited out that I believe there's something coming out at 10. not the most important we get Factory orders today I just want to make sure I'm right about that time at 10 A.M Thursday oh uh 9 40 wait am I crazy. Where's the factory? Oh, factory orders are tomorrow.

excuse me. So tomorrow we get the unemployment report and Factory orders today at 9 45 we get the PMI number and then at Uh 110 Bullard who's been a little bit more on the hawkish side of the FED will be speaking at 1 10 just so everyone nose. So we have that up. All right.

let me get this up over here. do I have my account fired Up Fired Up Fired Up Fired up All right. I'm ready to go over here ready to go on the day I'm ready All right. So you guys know me.

I've been trading that new system just working out the Kinks before I share the methodology with all of you. Um, as you can see yesterday I deviated it from it a bit and it cost me a lot of money and then when I started sticking to it and ended up making me quite a bit of money, but a little bit of deviation there as well if we're being honest. But anywho, uh, as this particular system goes, I'm not doing squat until 9 45. So I'm waiting for the Bell to open in just under three minutes and then I'll be watching the market open for the first 10 15 20 minutes to kind of get out of that chop.

Uh, as you saw yesterday, I got chopped up pretty bad and that's exactly what I'm trying to avoid. The system that I'm currently day trading is extremely poor performing. In a chop scenario, it only works in nice trending scenario. So on my end, I'm basically trying to figure out how to avoid all the chops.

so one of the first things I could do is avoid the market open which has a lot of time and then also avoid any of the time periods that are around any major announcements or reports or anything like that. A quick side note that I want to share with all of you. Remember, if you haven't already, make sure you are getting on Locals Matcors.locals.com It's ten dollars a month. a hundred dollars for a year.

If you want to be in it and you're just not in the financial situation, Uh, reach out to me I'll give you a code I know a couple people DM me about that already I'll be getting you the information later. but once again, Macquares at Locals.com it's in the description of the video I Just wanted to share this from early this morning. Excuse me. Over the past two days, the S P 500 has had an outside day followed by an inside day.

as in here: I could just actually show you this graphically. so if you go right here on the Spy outside day, the high was higher. the low was lower. That's an outside day two days ago and then yesterday was an inside day.

the high was lower and the low was higher. So outside day on Tuesday the third inside day on Wednesday the 4th. Looking at the highs and the lows, this is, uh, commonly, but not always followed by a breakout bar. If this happens, I plan on playing the breakout in either direction.

I'm not leaning bullish I'm not leaning bearish whenever the breakout is I want to take advantage of it because like an accordion, there's too much potential energy. The market is getting compressed, which is going to lead to a big expansion I Don't care what direction that expansion's in I Want to play it? So I'm waiting patiently, not coming in with any bias and I'm just waiting for the breakout or the breakdown. Whatever it is I don't care and I'm looking to play that I Plan on playing the breakout in either direction. I'm expecting more volatility tomorrow after the unemployment report drops which is at 8 30 tomorrow morning an hour before the Market opens.

Um, so once again, get on locals and I just wanted to share that thought with all of you. And now with all of that being said, we are about 15 seconds out from the Bell going dingety ding ding ding. So while we're waiting for that to occur, this this is hang on the absolute perfect time for you to ask any of your questions if you're like hey man, like what's going on with this If you have questions about, uh, there we go. Dignity ding ding ding.

The casino is open. best of luck, tall play. responsibly. So there we are.

We're gonna wait for the first 10 15, 20 minutes just to see how things shut like settle out how the dust settles with the morning craziness. Um, but this is a perfect time if you have any questions about anything. if you want to talk about socks options. Futures Crypto? Uh, like I guess Marriage advice, diet advice, legal advice? Uh, any advice.

I'm not saying that I'm going to give you good advice, but I'm more than happy to give you any advice you're seeking. If you just want confirmation bias, let me know. Brother oh brother, All right. Matt Check out Zindo's live scanner the halt signals on YouTube Check out Zindos Live I don't know what that is Jack Wait, what's in it I mean I've uh, been Zynga for all the halts and literally HKD already halted.

Uh so HKD First Hall of the day, a lot of people they pointed out HKD as their thing. They're like, why did it rip so much and it never halted? Just so you guys know, historically HKD halted a lot. A lot. A lot A lot.

Um HKD Pump and Dump Yeah I I Believe that I think 8kd will pump a lot and then dump a lot I don't know the levels I don't know the height of the pump I Mean it's already up 86 but we know historically this thing can rip. Um, I'm not saying it's like some sort of like nefarious criminal Pump and dump. I'm literally commenting on the shape of the chart. It pumps up a lot and it'll probably come down.

Um, so you can choose to play that if you so choose, you could choose to avoid it. We're We're here just to see the fireworks. We're here to see how absolutely crazy things can possibly get. So is there any news on HKD The market is getting smacked.

Let's see if there's HKD HKD No major news on HKD Let's look to the HKD the Twitter sphere HKD Watch list I'm not seeing any major news about it, People are just pointing out how much it's up. Um, which now it's Halt and it's going to be halted for five minutes. was halted at 8 30 or 9 30 excuse me and 56 seconds. So basically uh, 9 31 so it'll start trading just before 9 36.

but this is just a normal volatility. Halt And also let this be evidence for everyone that yes, HKD like a lot of people specifically within the AMC communities like, well, that would never hold it. Yeah, no, it actually ended up halting a lot. And I think this is going to be the first of many for HKD today.

I Think it's gonna halt multiple times. Uh, the Spy looks like I mean if this snaps, we might as well set a an alert here. create uh, how's it looking in the Futures Market Oh dude, there this might be that breakdown. Unfortunately I have to wait a little bit.

I might be missing a really good entry if it snaps 383 650. So be it. Uh, but I very much just want to sit on my hands. The market is getting murked this morning.

Merc What's everyone's vote on the day? red Day Green Day I Know we're starting off red. Uh, so maybe you guys are going to be a little bit more biased towards right, but do you think it's just going to bounce off a 380? That's totally possible. Uh, what do we uh, closing chat guys encouraging the Snowman dude to just uh creating a toxic environment I Hope your trading goes well. Wait, what? Wait Western Free radio? Do you want to be the vote? Uh, you someone? We've attacked you for your name before What's Happening Here It looks like there's some.

There's a kerfuffle if you will in the rumble chat which means we have to put it to a classic Rumble Vote Uh, Snowman, Why are you pissing off so many people this early in this morning like you don't have to just be uh, a curmudgeon? What are you fighting with people about? Are you all that dumb? You can't go bigger, Go bigger. And what? Why do you little people always attack my name and you're yelling And cap Snowman, you just gear up and bring it lefties. He's just like dude, you're just fighting. Uh, this is funny as hell.

All right. Snowman You're gonna be uh, silence for a day. You can come back tomorrow if you learn how to act like a normal human being. But your silence for the remainder of the day because I can do that because this is my digital Kingdom and I make the rules and I make the rules.

well I don't want to make fun of them. You're saying that he has karaoke videos like I'm not here to like make fun of someone but like he's just attacking people for no reason That's not chill. That's not cool. All right.

we are a little. We are about 10 seconds away from HKD trading again so let's watch this puppy open back up and We're Off to the Races Oh, this thing is gonna move today HKD going for round two on this craziness I'm not gonna play it, it's just not really my style of a play. but it's definitely fun to watch. Definitely definitely fun to watch.

Uh, the Spy is looking heavy but I have to wait I have to be patient I have to stick to the system because when I don't you saw what happened yesterday, you saw what happened brother. people are saying Mullins up Mullen please Matt talk about what what can I say I still don't like it as an investment? Uh, it's up eight percent. Let's look at. it's daily.

it's moving. it's I have a feeling it's going to pump and then dump I don't know how high it'll pump to. it might pump to exactly this 36 Cents it might pump to 36 I have no clue. All I can say is I feel very confident.

Whatever the pump is, it's going to come down in a probably more rapid fashion. So this isn't an investment in my book. This is an active trade and that's fine if you choose to engage in the market. That way, you can totally make a lot of money.

but don't turn in active trade into an investment if you're like no, no, like I thought it was going to go up, but then it went down and now I'm just going to hold it. That's how you end up getting burned severely I mean use Prague or Bior as an example or Gtii or CEI If you're in some high volatility situation that's not an investment, don't turn it into an investment. That's a great way to lose money. So Mullen ride it as long as you can look how many green days you have awesome huge movements I mean not that long ago it moved 180 percent.

Great. Write it out. I Pray you make money. I'm just saying don't get married to the play.

If it starts to turn on, you take your gains off the table and move on to the next thing. There's too many people out there who are pitching these concepts of like as soon as you're in, you have to Dime in you don't have to Dime in hand shit. If you think the play is going against you, it's your money on the table. Think about it conceptually of you dedicate your time at your job or whatever in your career to make money and now you're going to be like losing that time just because some dip shit on the internet's telling you to Diamond him you're in this to make money.

That's the point of the market. You're not in this just because you're like, oh, like I I really just want to help save this EV company Mullen From a fundamental perspective, dude spy is breaking down that is not good. From a fundamentals perspective, Mullen is not a good business. It's just not.

It's not at all. So you have a not good business in a sector that's not performing right now. Evie In a market that's running into a lot of bearish headwinds, that's not something you invest into Mullen might turn things around. it's just right now.

that's not the smart bet you might think it is. and hey, we can all have our own opinions and if you think it is I I pray it works out for you I'm not playing it I don't care I'm just sharing my opinion on the matter. uh HKD is still moving I think it's going to end up I I Just want to see this rip because it's HKD the last time around. uh uh Matt Roger Garcia is saying Mullen Who's Roger Garcia Who is that? Who are these random people that come out of the woodwork? like? Has anyone noticed that that like there's just a bunch of random people coming out of the woodwork and what they want to do is attach themselves to a community and be the hopium and copium of that community.

That is. not a person who knows about a market, the markets. That's a person who's attempting to grow their social media presence. They're like.

Okay, here's a community. if I say all the positive things the people from that Community will like and follow me and give me views like that type of a Vibe they're just like using that methodology. Maybe Mullen will squeeze I Highly doubt it will, but it could. I'm not saying it's impossible and if you're in it I want it to squeeze for you I would I don't mind when you guys are making money.

it makes me happy I get stoked when you make money but no one's gonna like I guess con me into thinking it's a good investment. There's a difference between a good trade and a good investment. Next, this marketing guy will be like Lou versus Wall Street says Mullen is squeezing didn't he quit after like his like 18th failed pump and dump Lou I haven't seen one of his videos in like a year but I just know there was a Litany of like horrible horrible call-outs. Do I think Tessa will go below 100 I do um I very much do and that's painful for me to say because I'm invested in Tesla so like every dollar drops I'm losing even more money.

um but I'm invested in Tesla See that's the difference. There is like I have a multi-year horizon on Tesla like I will be in Tesla for over a decade. same thing with rum, same thing with apple, same thing with Microsoft There's a big difference between your day trade, your swing trades and your Investments I've with Tesla I've done it all I'm invested in Tesla I've done swing trades on Tesla I've even day traded Tesla Right now, the clear move on: Tesla at least in the short term, seems to be betting against it because it keeps dying and dying and dying. especially now that the Spy is breaking down major support levels.

I Think you guys need to appreciate that. Remember I was talking about the outside day, then the inside day leads to a big Movement We might be seeing the start of the big movement right now and in reality I wish I got in. Um, the breakdown of 380. My only issue is is I could have done that on the daily chart.

That's fine, but in terms of my intraday training, like I said: I'm trying to wait those first 15 minutes just to get out of the chop. and today is one of those days that if I didn't wait, if I just got short right out of the gate, it would have worked out perfectly. I would have had a phenomenal entry and everything would have been hunky-dory and I would have been up a lot of money. but I have to more so focus on the risk of the situation, not like uh, the oh like the Coulda Shoulda would have like.

man if only I played this perfectly I could have had that much money I mean most of the days of the past two training weeks, there's been a lot of chop at the open which really commonly leads to me losing money. So for me I know I wanted to catch this trend and on the breakdown here: I could have got in at 380 and I'd be up right now and that's part of the game. but there's other times that I'd be I'd be more angry at myself for making a stupid trade where I lose money than missing out on profits. I'm okay with missing out on profits because that's something that you can survive.

You can't survive bad trades. If you make too many bad trades, you blow up your account if you just miss out on profits. Okay, you miss out on a trade and your account's in the same position. Um, so one of them is far more detrimental to you as a Trader on any time frame.

And yeah, I totally wish I got this I mean I totally wish I was already short silvergate because we've been talking about it I wish I was short Bed Bath and Beyond because it's been trash ever since Ryan Cohen stabbed everyone in the back with it. That's just how this goes. Coulda Woulda Shoulda if you if you spend too much time focusing on everything that's played out in the market, well, then you're missing the real-time moves that you should be like refocusing on to try to make some money and make good, solid trades. Uh, where are we at? Uh Roger Garcia Started his channel and follows penny stocks Matt He seems to be accurate.

Highly doubt it. Uh I Don't know of many solid penny stock. Traders there are some of them who make it I'm not saying that it's impossible, but the penny stock world is very pump and dumpy. Very very schemey like the penny stock world has like kind of a layer of grime to it.

Uh I Think the only valid way to really play penny stocks is to short the pumps of penny stocks. Uh, going long on Penny stops like just generically over a large data set. It's going to lead to failure. Okay, you never talk about AMC anymore.

What is AMC Someone brought this up yesterday and I kind of. um Tim Sykes made it on penny stocks. No. Tim Sykes makes an unselling courses for penny stocks.

There's a big difference. Like that guy, he in one crazy bull cycle, he turned whatever 12 000 into some large number and then ever since then he sells courses. Uh, that's exactly like that guy clears Millions He probably clears over 50 million in selling courses a year and then he doesn't care about training I mean he even admits he's like I'm not a good Trader and that's why he trades with a ten thousand dollar account and that's all it is. Um, he has people in his community who are good penny stock.

Traders But oh, there's some stat on it that like over 95 percent of penny stock Traders end up failing. so I would take that with a grain of salt I need some sort of Entry I I Don't want to chase it, especially like I'm just having bad flashbacks that how yesterday played out. bad bad flashbacks. Fun fact about Tim Sykes Uh, he was like the guy who like kind of got me into the world of penny stock trading.

and then a while after you just realized how much of a absolute fucking scam it is foreign. this is getting beat up. uh uh, order filled. All right.

We're doing our first shot of the day. We're breaking down from that first bar. I'm not the most happy with my current risk level in terms of like the range that I would have to take on. All right.

So here's what I did: First trade of the day: I am short three E-minis on the S P 500 futures Market at 25.75 and similar to yesterday just because like the range is a little bit like large. um I want to peel off two of them almost instantaneously at 23. so I'm short I'm short I sold three of these future contracts at 25.75 I'm looking to get out of two at 23 and then ideally I could just leave that other one on as a runner all day like if we just keep bleeding this. Market I would love to just leave one on all day until 4 P.M that would be an ideal scenario.

Obviously if the market turns I would have to get out. but I just want you guys to know my current position and actually before I get more. Oh am I going to get margin called on this? I have to put in my risk or you can get Margin Call Just because my account is not that big? come on, just give me my fill. So I only have to put my risk on as one all here.

All right I guess I have to put my risk on 26. This isn't my real like I just have to put a stop order on so the platform knows I'm day trading instead of Swing trading. Uh, so not my real risk. I'm basically looking to move I want this trade to lock in which it should be locking in with any luck very very quickly.

Hopefully I was close there for a second at 23. how low did it get? it got as low as 23.50 Shit is this going to be one of those days where like am I just gonna end up repeating yesterday. No, we we can't put those bad thoughts out there. Yesterday was not an ideal day.

Let's just lock this in. a quick lock-in Come on. you could do it. You could do it.

You could do it. Got that ready? Come on, just give me my 275 so things can calm down just so things can calm down that's struggling, struggling. That's a bummer. I just I Feel like I've been on a weird streak of putting my quick profit takes like right outside of the range of where it goes, which definitely severely increases my anxiety.

but that's the fun of trading. That's the inherent fun of trading team Silvergate still bleeding out and of course the Spy getting some sort of a bounce. Unfortunately, let me switch this up just so I can Mark everything out appropriately. where am I at I'm in at 25.75 575.

this is my position right there. That's my position all right. I this white line that you see the dash white line was this: I Know this is like looking really, really messy, but kind of following this trend that we see right here. so below it.

potentially a breakdown. Uh, kind of a confirm breakdown if we go below three eight, one, four point five, especially if we close above it. If you're looking for the Spy equivalent I would say 377.8 If you're looking at the S P 500 tracked by spy, the ETF uh, 377.83 is I would argue. kind of a big danger level.

A noteworthy danger level uh for the Bulls bed bath what's Tesla doing this morning Tesla down 4.7 someone was asking me of like do I think it could go below 100 I Definitely think it could go go below 100 without a doubt I think it could go in fact I I think it's more likely to go below 100 than not go below 100. Silver Gate going to zero Uh I mean it's rare that you see something like legitimately go to zero I mean obviously it could, but I mean typically you have something of value that someone will pick up on the cheap. Uh, but I I get the sentiment of what you're saying. This is exactly what I did yesterday literally to the T is my first move just like my timing has been so off.

like damn interesting. I was reviewing a lot of my trades yesterday like almost all the trades yesterday didn't realize like where it was and I feel like I already my first trade out of the gate repeated this some of the stupidity so before it gets out of hand, let's see if we could Reign this in so I don't go on fucking tilt so we don't go on tilt. Oops. Well, there's no point in creating the alert that it's like literally breaking above that level.

Oh, did I get a little unfortunate with this report? 945 the PMI numbers where the PMI number is a little bit more bullish. I mean obviously it wasn't a big volatility move, but the market reacting a little bit positively to the 945 drop? Well, at first it went down, but now it's recovering I Still like my trade I do and my reasoning for liking the trade is just we. We're breaking below the lows Tesla I see heaviness HKD is turning over. Silvergate is still dying which I Expect Silvergate to continue to die.

Um, Apple is coming down. How's the dollar doing? Is that what screwed me over today? Is it the dollar? I Need the dollar to rip. Okay, so the Dollar's been shopping chop and chop and chopping. but if the dollar can push, that would be good for my bearish bet against the market.

If the dollar can push above 105 106 Uh, this is the dollar index in the bottom right of your screen tracked by Dixie I'm seeing some bullishness in the dollar, which should equate to bearishness in the overall market. so kind of monitoring that. Uh, uh. U.S Services PMI actual 44.7 versus 44.4 previous 44.

Okay, so the services PMI a little bit better than expected, which should be alleviating some of the supply issues. so that's why we saw a little bit of a pop. but I don't know if it'll like lead to an actual U-turn I just want this crack of 79.50 and I would actually love to see that test of that major level I was telling you about on the spy at what was it? 70, 77.83 We definitely need to make that an alert if we break below this low of Tuesday the to kick off this week. Like obviously this, we came down to this trend line.

but then the Bulls protected it. If the Bears push it there again, the next major test is going to be the high 377 377.83 is what I'm watching on the Spy closely or attempting to watch it closely. All right, so we have that up. the Dollar's moving.

This can't be good for the market. If the dollar keeps pushing like this. the dollar keeps ripping. that's going to put quite a bit of downward pressure on the spy.

Uh, and then obviously Tesla Apple Microsoft are going to be tracking with this Buy Silvergate has its own issues. Bed Bath has its own issues I have 15 puts expiring tomorrow on spot SI which I figured to be worthless yesterday only to wake up to 185 gain this morning's Degen's Unite Combat Carl Congratulations Foreign ER it's a rejection of the bottom of the pendant. Uh yeah, so that was this the little Dash white line that I have, but that's a major thing so I wouldn't be uh, the most surprised that it takes a test of that. So I think a lot of the times I would look at something like that and say oh, okay, like I shouldn't be getting in right now.

Fuck fuck fuck fuck fuck hang on Um, what was that big pop? uh oh uh oh SpaghettiOs might be time to get rid of that order on the bottom there. Fuck am I Seriously already down a grand on today. already giving back yesterday's gains. Remember I'm short three at 25.75 I'm dude, this is my issue I'm taking on too much size I Thought I was going to be able to get a quick scalp on two of those uh, but really really really poor entry.

Hopefully this was just a fake out. Maybe like stop loss hunting or something I want this crack below 29. shit shit shit shit shit shit oh brother oh brother oh brother oh brother oh brother oh brother oh brother. The dollars is so strong like it doesn't even make sense in my mind.

and maybe hey, maybe I'm just reading it wrong. It doesn't make sense for the Spy to be popping when the dollar is ripping like this like you, you generally don't have both. so like I feel like one of them has to be off. Either the dollar has to come crumbling back down or the spot like moving in the same direction is without a doubt in Oddity and the dollar seems to be the stronger one here.

which I guess is giving me some comfort in my position. But what's not giving me Comfort is the freaking price action. All right. let's get rid of those arrows because if anything, they've just become annoying to me.

But also am I applying my own bias? Of course I'm applying my own bias because I already have my position on and it was a stupid position. Well actually I don't really mind the position I guess I have an issue with the size. but do I even really have an issue with the size because like I was trying to just do a quick scalp on those first two. Do I really hate my position? Not particularly.

I mean I hate that it's going against me obviously. Should I just cut it and come back to the drawing board Or do I just hold out and maybe I'll get lucky. Is this gonna turn? Am I gonna get lucky? Fuck. As soon as I make an upside alert it like just always pushes right to it.

How how is the Spy pushing like this? All right? Looks like we're having a fucking repeat of yesterday. So stupid. What do I do do I Just I just don't understand how it's pushing like this I Really really don't? The only thing I could see is as someone in chat pointed out, there was clearly very clearly that pennant on the bottom side that the Bulls are now defended the first time. Um, so I see that but probably more importantly is in the Futures Market 3820 to 25 has been major support.

that is now like really been there for about two-ish weeks. Uh, so I don't find that that surprising. We're definitely all right I need to be smarter because yesterday it went on till almost cost myself the entire account. So I got to be smart here.

What are we doing? Is it really moving away from me? or is this just a random push? To the upside that's not gonna last I Just I'm hesitant to cut things right now and it's not me, just like holding on to a bad trade. it's I see the strength of the dollar. The dollar is so incredibly strong right now. Apple's pushing though and Microsoft's pushing Tesla's not pushing Amazon's also not pushing.

So we have Tesla and Amazon that are sucking Microsoft and Apple are doing well. Meta was doing well but it's giving it back I don't know I feel like the dollar is more important here. the dollar just keeps pushing. Tried to tell you to wait for the retest of Entry but that's not.

That's not the strategy. that's my point is like um, I'm entering whether I want to or not I'm attempting to test the strategy I'm not saying like oh, I should have done this, should have done that Like my entries are well defined, my exits are well defined and right now my entry trigger and like I just don't like how for how far away my exit signal is I don't like my size. that's my issue right now, but this isn't like a gut feeling thing. I'm I'm attempting to trade on a system that gives me specific entries specific exits.

The only thing that I'm doing a little bit of an audible on is the sizing on those entries, and exits. and I should have been a little bit more respectful for like how far away my exit is I should have taken far less of a size in the bet. That's the only thing going on here. But just to say like, oh, wait for this.

wait for that. That's just not the system that I'm trading right now. You fo mode no what? I'm I like specifically entered like a well-defined entry I knew exactly when it was coming. It's systematic like I said.

The only thing that's like up to me is the sizing of it and with a little bit of luck, the system is still going to be right. Big support, but also support that's now turned into resistance. There's Randomness AKA luck Of course that's involved, but let's see, the dollar is still pushing. how in the world I don't I I Just don't understand how the dollar is pushing this much and then yet Apple is ripping Apple went from 125.50 to 127.50 Microsoft went from 223.60 to 225.

So both Apple and Microsoft right after I went short ripped two dollars. But like I just see this dollar still moving. One of them can't one of them's wrong. One of them is going to have to cave either the Spy caves or the dollar caves.

but it is insane to see the spy in the in this current environment. Like obviously this isn't a general rule that could always be applied because you have to fuck me. This isn't a general rule that can always be applied. How am I going to handle this? How am I gonna? Oh fuck dude, it is pushing pushing pushing pushing.

we're getting close. Do I just throw in the towel on this and revisit. It was just gonna I just this dollar. The dollar thing is what's really messing me up.

The dollar Index The Dollar Index here I need to switch this to the Es just so I can watch it a little bit. More specifically how what time is it? 10 All right we are done with announcements today until uh James Bullard uh speaks at 110. fuck fuckity fuck fuck fuck fuck it's all pumping. It is all pumping.

This is a painful one team but yet the dollar keeps like this is what's taunting me right here. The dollar is just ripping and what's Bitcoin bitcoin's about to go even on the day Tesla's when Tesla's going up in this like the way Tesla's been performing. that's how you know you're really screwed. Maybe if Apple turns back like look at the dollar, it just keeps pumping.

Am I the crazy one here am I the crazy person I would understand this I'd be like all right yeah, you made a bad trade. Sometimes you make bad trades. If the dollar turned to the downside on this rip, the dollar didn't turn to the downside. In fact, the dollar has been getting stronger ever since 9 15 The dollar has been rip freaking City Hmm where are we at in the three minute Ew One two, three, four, five, six, Six green.

Three minutes in a row. That's brutal and I literally went short on this one I went short. It looks good for a hot second and then it just slams it back into my face on the five minute. I would prefer.

Okay I need this below 31. below 31 and I'll feel confident if this can come below here. I'll set up an alert ADD alert The only reason I'm sticking to this at this point is because the dollar is too strong. I'm not buying it, not buying it, not buying it, not buying it If the dollar.

Falls Okay, I'll throw in the flag. It was a bad trade. that happens. but I'm not convinced that this is necessarily a bad trade yet.

I Want to see this crack below praying for the crack below 31. Come on, come to 31. someone is asking for the utilization on Mullen Mullen 100 percent 100 percent Microsoft's coming down a little bit Apple I think I need to come down more Amazon Who said they're laying off 18 000 people has been the weakest today. That's not a surprise.

Uh Salesforce down 2.7 percent Tesla starting to turn Okay, so what I need is for the Spy the S P 500 the overall Market To go where I wanted to go I think I need two things to happen I think I need the dollar to remain strong and I think I need Tesla to finally show some weakness or not excuse me App: Tesla's been showing I mean Apple Apple's been like the big player pushing it to the upside. I mean if you look at this apple right there, just like the least crappy Energy's been having a decent day all I'm seeing and granted is the short time frame. but all I'm seeing is higher lows, higher lows, higher highs ever since 9 47 and I went short at 9 46. but from 9 47 until now, nothing but strength.

But hopefully the time frame is so small that this is just involving some Randomness which is to be expected. The only time it sucks and the only time you see people like me right now freaking out about that Randomness is when they've played too big. and the reason I played big is because my two-thirds of my position was supposed to be a quick scalp that I missed by half a point. Where are we going? Where are we going? Where are we going shit I thought I Really thought I was going to get lucky there for a second when this started to turn red.

This is not looking good. Team? Um decisions, Decisions decisions Fuck Order fill I'm out I got out on that pop I didn't want to take a bigger loss. Uh I got out at I Gotta fill up 44. I was just too big of a pop.

Fuck me all right now. let's regroup instead of going on fucking tilt. let's regroup. Let's be smart.

Let's not be a fucking dumbass like I was okay. So as of now, what is it? Uh, and of course I get out on the pop and then it retracts right away. Uh, down 2.7 Fuck Fuck Fuck fuck. All right.

Patience. We don't want to see. and then there's that dollar drop at a weird time. So like I said, that's when I would throw in my towel and I did.

Bad Bet The only thing I didn't like about it is the size. I Still like the direction I took. it just didn't pan out. Um, patience, patience, patience, patience.

In reality, if I followed this system I got out at 44 I should have been out at 41. I think I just need to wait for a hot second. Not the worst idea based on this system to go long at 40.5 I could go long on 40.5 and risk 31. If I go long at 40.5 do I risk another thousand I'm down 2.7 That would put me down 3.7 if I get busted.

Hmm I think I just needed to like there's clearly something just happened that there's quite a bit of volatility. It pop, pop, huge drop. Now it's popping back. Um so I Think I might let things settle down.

Could have been stop loss hunting. I could have just been a victim of that. Totally possible, totally possible foreign, but it is what it is. Gotta stick to the system.

Don't want to put my own bias on it. Can't have it get worse the way I did yesterday yesterday. Uh, what do we have? Hey, uh, if you haven't already, if you guys could help me out, it would be awesome if you could hit the like button, helps out the YouTube algorithm and hit it on Rumble helps out the rumble leaderboard and don't forget to subscribe on both if you're watching this stuff. If you'd like to see me apparently losing money, um, if you like, uh, stocks, crypto Futures breaking news, that type of stuff all related to finance markets, all that good jazz.

um yes. tell the Russian news. Um, is there some Russian news? Is that what just screwed me over Russia News Russia News Russia News Russia News What's the Russian news? Does anyone have like links or something? What's the Russian news? Test missiles in Atlantic Truce January 6th to the 7th. Well, someone saying the truth and other people are saying missiles so feels kind of brutal Putin says truce in Russia for the holiday Yeah.

I mean if it's just a hollow like it'd be one thing if it was like a true struce. uh, but just like if it's a momentary thing I don't know if that would necessarily like have the biggest impact on the market. The dollar got some volatility apparently from it though. Uh, definitely some high volatility.

Big defense this was I knew I should have been fucking that dumb not sticking to it the way I wanted to. It happens, it happens, it happens, it happens I just need to be more disciplined I'm just gonna wait. We'll take who one of these Cycles off one movement cycle off because when I chased it right away yesterday, that's how I made it even worse. So I just want to be calm calm Calm wait for my opportunity and we'll get in.

Just wait for the opportunity. Apple starting to show some. that was a big pop though. shit see, that's the issue is the sizing because even if I played it with like the quote-unquote proper sizing instead of being down 2.7 I'd be down a third of that.

So I'd be down like whatever 900 which is totally like you're totally able to come back from. but now I'm in a big fucking pit. so I'm going to spend half the day even if I'm lucky just to dig out of that and even that's a bad mindset to be in. Um, yesterday, it involved far more luck and I just don't want to go until today the way I did yesterday.

So that's why I'm saying okay, let's wait. let's see the trades actually come to us and let's just focus on it. If I can speak like if I can stick specifically to the system I think it's going to work out foreign. Wait for the trade, Wait for the trade.

What percentage do you cut your place at? That's not how the system works. Uh, the system isn't based on percentage. The the system when you get in should have a anchored risk point that the trailing stop loss and then your your profits are uncapped. It's a trend writing system so when people are saying like oh like you shouldn't have gotten you should have waited this that the other thing like that's just not the system like that when you're saying things like that now you're kind of like using a little bit of your own like gut or Intuition or something else and like maybe that's a better system and that's fair and that's something that should be tested.

But I'm just saying this system that I'm working on right now. um, it has very specific entry rules, very specific exit rules. and then the tough part is for me not only to stick to it, but even when I stick to it um, relative to my account using the proper sizing. All right, we're gonna see how this goes.

We're gonna see how this goes 51 39 That's 11 points the dollar picking back up. Is it gonna wait? What did I don't know if I asked you folks that this morning? Uh, where are you guys at on uh with today? Do you think today will be a red date like today? Are you leaning bearish or bullish? Like do you think this will shit out or do you think this is just gonna Bounce from here like I Guess what's your bias? We have enough people in here that it's quite the sample size and I would be surprised if the majority of us got it wrong. I Mean between everything, Thousands of people Red Baron Bearish Red Bearish. Bearish Red Day A lot more bearish people in here.

There are a couple people calling for a bounce ass chat. CBT I've asked at things like that and it's like really hesitant to give those types of call outs. It's like blah blah blah. We don't give Financial advice like shit like that.

All right, we're gonna go to the Five. We're gonna go to the Five. We're gonna go to the Five. We're gonna go to the Five.

Is this the official turn? Yes, it is. Order filled I am short again I am short Three lots at 37.75 37.75 and I'm putting in my risk at Fifty One Twenty Five taking on a little bit more wrist than I like. but I Just hope the second time's the charm. we'll see how this goes.

This appears to be the first five minute bar that's been read ever since Uh, 9 55 So I hope it is an official change of trend once again. I'm in at 37.75 I threw up a risk at 51.25 and we'll just see how it goes. The first trade I was in a what's 25 to 44. Uh, 19 points 19 points.

All right. Well, we'll see. We reloaded like basically I'm looking for this to turn back over I'm paying attention to the break of the wick which I am arguing is noteworthy because this is the first time ever since 9 45 that we broke below the previous week. Um, in a roundabout way.

That's how I'm defining it. The system's a little bit more complex, but the easiest way for me to explain it right now is if you notice the low Wick went Higher and Higher and Higher and Higher and Higher Uh, this is the first time that we