I burn through the Trojan like blue but when I'm not Between the Sheets I'm busy staying undercover ain't as sweet as it seems to be. The Jugger relaxing nap used to be works on Wednesday evenings and Donna Lee does her laundry two doors down. so when I'm out to eat with Edith I'm with these watching and equally they've done a lead squares as Windy lives by the 18 world where Pharmacy years old man's employed there. So I choose to keep a low profile and sneak around like it's going out of style and try to keep these balls up here in the air.

They call me the juggler cause I always have three lovers sometimes I wish I ask me a twin brother because it takes a lot of steam making all that above all night like stood and one day time you showed up a little earned up a lot of early so fistful as he came and Tina punched a kitchen sworn. long story short I lost cause I always have three lovers but there's always another advisors remember right down and Save and I'd have to explain this sweet dancing the old juggler. the old juggler. oh brother oh brother oh brother hello hello hello good morning, good afternoon, good evening, good night.

This hair is a mess but that's because I've been ripping it out today trying to figure out where my code has gone wrong. As of now, the system on the day is Net net. well technically negative because of commissions. but in terms of units, uh up down it is zilch on the day, but it's not supposed to be.

In fact, it's supposed to be up about four or five units of betting today. So I kind of want to get into what went wrong where I thought everything went wrong, especially if you tuned into the morning show brother. Well, nope, now it's down by half a unit. Well now I just don't even want to I don't even want to do the show I was all excited to talk about what's going on here now.

I'm just perturbed. I'm upset I'm angry I'm displeased. So now I need to awkwardly talk about how it lost money today. Uh, but who knows.

there is still about 28 minutes left in the trading day, so maybe maybe I'll get lucky one nice winner and your boy's gonna be green on the day including commissions. Uh, so we're going to get into that. We're also going to be getting into what happened in the market today. my thesis for tomorrow, some macroeconomic updates, some earnings updates, some weird stories about billionaires, and where did she go? So I had a little bit of a cat cam set up down here down there.

Down Yonder Uh, and Piper was there for a bit like she was just chilling, but now as you can see, she's not there unless she put on her invisibility cloak so she's left. Um, if you guys were a little bit earlier to the show, you would have been able to see her. I gave her this like I thought it was a mint chew toy but apparently what they meant by a mint chew toy is a catnip mint chew toy. So I was at the store being a good cat.

dad I bought her her food and I saw this toy when I was checking out and I got it and I didn't think anything of it I thought it was like a toy. Honestly when I was buying it I was like oh no way she gonna like this I was getting the food and she started to smell it and she went nuts because when it says it's a mint chew toy, good for dental health, good for dental hygiene and she went nuts nuts nuts and she's been going and she's just running around with it and her hold tight. Hold tight. This little lady's been crazy today.

real crazy haven't you? She's getting big look at that. look at the size of that cat, look at the length of that thing. This thing is crazy right now. Dude, she's growing.

She's growing like a monster, growing like a weed. This this cat easily throwing on a kilo or two per day. A kilo. Do you want to sleep and she's off? Yep, straight back to the catnip toy.

Well anyway. uh, she's easily adding a uh, a kilo or two a day. She's just going I think she's on steroids I think she's on Kitty growth hormone or something like whatever's going on with her right now. Um, let's just put it this way, if she gets the call up to the NFL this season, she is not passing any of the P-test I think she would test positive for quite quite a few things.

Quite a few things. Uh, she's simply just growing too much like you're not supposed to put on that much size that quickly. and she's just. it's it's crazy.

It's crazy. But anyway. uh, that's just I don't know. I I'm attempting to find something that gives me a little bit of positive resolve because I'm particularly angry about how the strategy performed today, so we'll see how it is I want to dive into it? Maybe you guys can give me some thoughts and opinions and potential ways to improve it? Uh, but and we also have some other things to dive into.

So as of now, things are not looking good. I Have one green thing on my chart similar to yesterday. What do you do? Piper She's just losing her mind. Um, the only green thing on my list is Rumble R-u-m currently up 16 cents up 2.26 Everything else is red.

The spies red, The cues are red. It's just down. spy's currently down point: Seven percent accuser down one percent Apple down 1.5 Everything's at down about a percent or two. it's getting getting murked.

In fact, if you want to see it, do if my computer just randomly cuts out if everything goes dark, understand that it is because Piper ate through an important wire of mine. red, red, red, red energy sector is green kind of tracks I mean you have oil also green up holding above 80. but other than this little sector right here and I guess what? Cisco the rest of it. Pretty freaking red red day.

So if you were bullish today, my apologies, that sucks, but if you were bearish, you're probably swimming in some nice green piano. so let's go over it. I Want to go through the major things of the day and then I want to get into what's going on with the system and my potential ideas of how to improve it. So basically I'm setting myself up for probably eight hours of programming tonight just because I know I'm going to lose my mind and try to perfect it for the show tomorrow morning that loses 200 points falling for a third day as rates jump.

Yes, it did. Yes, it did. lower highs, lower lows we broke below seem to be closing below this low. I called out this level of 438 437 we are slashing through that.

This is roughly support here: 436 I Just see some highs. If that doesn't hold, the next region we're watching is around 431 432 If it doesn't hold, this is quite a bit of a sell-off I Wouldn't be surprised if there's a bit of retraction, but when you get below and close below the previous day's low without much of a retraction, generally a pretty freaking bearish sign. So I've been watching these targets, we have the Gap fill. we had about 437 and now on Deck is about 431 432 if the selling continues.

Obviously, if we break above and close above the previous day's High there might be a bit of a reversion. so that's what I'm watching. But overall, the Spy getting smoked The cues in a similar sense getting smoked. the cues have a this the start of the trend line right here at 350 7.50 Definitely an interesting Target of mine either for the remainder of today or potentially tomorrow.

but I am watching this low from Monday June 26th just for those of you who are more of the level traders of interested in breakouts, breakdowns, that type of thing. So overall Market Bears rule the day, but not just in the world of equities. Also, in the world of crypto, Bitcoin falls to the lowest level in nearly two months after the FED minutes dial up inflation concerns. Another way to put this is: yields skyrocketing bonds diving Swan Diving Olympic Style 10 out of 10 Just whoop s that type of a thing.

They are diving and it's all the yields are getting jacked up because of the Fomc meaning minutes where a lot of the trading investing Financial communities like. Okay, clearly the Fed's done and they still might be done. but judging from the meeting minutes, everyone's more like they seem pretty freaking hawkish still. so obviously time will tell.

I mean we have the Jackson Hole meeting coming up next week about a week from today. After that, we're gonna have in September The next Fomc meeting we have a CPI report. We have a PC report so there are other reports that were are going to sway the FED members decision here. but I think there was just a little bit of surprise of how hawkish some of the FED members are continuing to be with respect to tomorrow.

I Just want to get this out of the way. at five in the morning, we're going to get the CPI report, but not for the Us. we're going to be getting it for the Eurozone The Line in the Sand is 5.3 percent. Once again, this will be causing a bit of movement definitely in the London session, right at the tail end in the London session and we'll most likely have an impact on our pre-market session, so just wanted to let you know about that.

We're also pretty much done with earnings season. we got Walmart this morning the Victor over targets demise. Essentially, there is one more I'm going to be paying attention to John Deere tomorrow and after that, there are still more earnings. But in my mind it's we're effectively done with earnings season this time around.

House: Republican Subpoena: Citibank over info share with FBI after January 6th. Just a little bit of a political update here that I think is kind of important. The House Judiciary Committee Chair Jim Jordan sent a subpoena to Citibank on Thursday demanding information about whether the bank handed customer information over to law enforcement following the January 6 2021 attack on the capitol. The Subpoena follows requests to several financial institutions to voluntarily submit the data.

This is getting issue complicated. We'll say Piper Stop. Ooh Piper Do it. Do it.

Do it. Oh cool Piper Camp Piper Camp she's just snuggling up back there I Forget Piper Care. All right. So we're just gonna do the show from here on out anyway.

getting interesting with the banks because with the banks we have now this political issue where they're going to be looked into and on top of that, we recently have the threat of Moody's downgrading him and this is all coming after. Fitch downgraded the US's credit worthiness so there's big banks that are on watch. there's little banks that are on Watch and now you add this on. Makes me a little bit concerned about the financial sector so not to really pick on an individual.

What are you looking at? What are you trying to fight you Trying to throw a pause? not to pick on an individual banking institution here, but more along the lines of just the financial sector. Once again, just tracking XLF to see what is or isn't going on there. So definitely watch it. Uh, the only thing that was really saving the market a little bit this morning was XLE the energy sector.

As we pointed out, oil is still holding 80, but if that gives way, there's not really much holding up the overall market right now because all these individual sectors are definitely under pain. Definitely, definitely underpayment. All right, let's move on to the next thing you got paper. Be there if you hang out till the end of the show.

We'll bring you back on camera. She's such a star. Just naturally charismatic, naturally keeps the camera on here. Pure.

Oh geez. Now my desk is broken. This isn't working dude. it's just the desk is going up.

it's going down. Piper You see what you make me do. You just make me all nervous. She's just so natural.

she's natural. what are you doing? She's chilling. She's wondering why her Limelight moment left. But we'll bring her back on the legendary, wildly profitable Q Q q The ETF tracking the NASDAQ 100 Fun makes no money for its owners I Just wanted to share this because I thought it was particularly interesting I Assume they were making butt loads of money off of it, but apparently they are in historical artifact prevents Invesco from profiting from its.

Flagship ETF The company's Q's theme options are finally solving the problem. Invesco QQQ Trust Series better known by its sticker QQQ is one of the most storied funds in investing Universe It's also wildly profitable, just not for its owner since it's inauspicious introduction in March of 1999, a year before the.com Bubble Burst The exchange traded fund has become also synonymous with tech Investing, made up of a hundred or so biggest U.S companies listed on the NASDAQ Stock Exchange. It's also enjoyed meteoric gains of about 430, which is huge on a total return basis over the past decade nearly double the S P 500 thanks to a portfolio heavy in text such as Apple Microsoft Amazon. So what you need to know about QQQ The queues are not the NASDAQ 100.

They're an ETF in exchange trading fund created to track the NASDAQ 100 in the NASDAQ 100. Obviously, tracking things in the NASDAQ and it's not just Tech. It's basically saying no Finance There's a lot of tech in there, but it's not exclusively Tech. it's just a lack of Finance is really what's going on, but I just wanted to share that there's something special.

Oh wait, you guys aren't seeing this. you're just saying my ugly mug. My apologies. This is what happens when we bring Piper into the show.

You guys are missing the whole thing. There's something special about the index that captures the tip of the Spear of American innovation. There's really nothing like it to the rest of the world. The success of the Cues, as fans like to call the fun is staggering.

The ETF has almost 200 billion in assets under management, the fifth largest in the 7 trillion ETF universe, and it spins off close to the 400 million in annual revenue from fees alone. 400 million in annual revenue? That's crazy. Uh, the bulk of It's relatively Hefty annual expense ratio is the point. two percent in Divi between the funds trustee, the Bank of New, York Melon, B and Y basically and the providers of the underlying index the NASDAQ itself.

So Bny and NASDAQ are the real winners here. Anything left over must be spent on marketing the product product in accordance with the fund's perspectives. That leaves virtually nothing for the sponsor Invesco itself I Just thought that was interesting to share. I assume they were making tons of money, but apparently that's not exactly how it goes.

CVS stock plunges after Blue Shield of California drops retailers Pharmacy services to save on drug costs. So I know we've been talking a little bit more about the health care sector, so just in case anyone was watching CVS and wanted to know why it got marked today I Just wanted to quickly share that with all of you. Now, just before we really get into this Friday August the 18th tomorrow to wrap up the week and to basically say we're halfway through the month of August the seasonality of the day does favor the Bears. Once again, the seasonality for Friday August 18th does favor the Bears.

The Bulls have won about 50 percent of the time. But when the Bears do win, they win more handily. And that's why the profit factor is clocking in at 0.49 way below the neutral level of one. And here's a look at the equity: 25 years, sideways, sideways, sideways, down down.

I Keep hearing the old brother am I making money or losing money. Oh sick. losing money. Just my luck.

Just my freaking luck. Where are we at in the market today? Looked like we're about to vomit, but now we're bouncing right back up. Frustrating. Frustrating to say the least.

How can I make this? How can I freaking make this better? Hmm Beyond Frustrating. Beyond Frustrating. Hmm. so this is what's going on today: I mean this? Well, looking at it might literally just make you want to vomit.

But here's the algorithm from today. Lots lots and lots and lots and lots of fun and stuff going on. It doesn't really make the most sense, it just trades a lot. But what I thought was particularly interesting.

Right now, it's down one unit. It's down a hundred and thirty dollars. A hundred dollars is one unit, and then thirty dollars from commissions. So it's down about one unit today.

which in reality isn't that bad. But what is bad is the fact that it should theoretically be up now. I Know this is a little bit small for everyone to read. maybe you have to like squint or zoom in.

but the concerning thing is in a theoretical sense as in if the strategy got all the fills that the strategy thought it would get and got all the exits that the strategy thought it would get, it would actually be up 300. Which is awesome. That means I would be up 300 days for a robot trading for me. So in a theoretical sense, the way I coded it, it should be working.

it should have hit 40. It's traded 30 times, it's 112, it's lost 18. It we should be looking good today In reality though here. I'll leave this over here so you can see this is the theory in this is how it should have run for just today.

Um, obviously the 17th, but in reality it's been a little bit different a little bit. Is this what I want? Yes, Uh, we'll go the 17th to 17th. All right. So this is how it should have performed in theory in the middle of your screen, but as you can see in reality, a little bit of a difference.

currently down 130 dollars. Now for those of you at home who maybe you get a little bit confused by numbers, losing 130 in the sense of trading is worse than making 300. this is the reality of how the code ran today. This is the theory of how it was supposed to run today.

and as you dive into it, you're going to realize that the culprit is two things. And this is what we were talking about this morning when someone brought up that they had a profit factor of 10.. it's easy, not easy. but you can have a profit factor of 10 in theory, as in, like hey, if you got all the perfect fills.

But trading is not perfect. In reality you're going to have slippage. You're going to have commissions and as you can tell, it can eat into it I should be up three units today. In theory, this strategy should be up three units I should have made 300.

In reality, I'm down a unit so that's a differential of four units plus commission. So that's the extra thirty dollars, but you could even see some other things went wonky. So in theory, this should have only traded 30 times today. it actually traded 32 times today.

I should have been hitting 40 I actually hit 31 I should have had 12 winners, 18 losers I've actually had 10 winners. so two last winners and four extra losers. And that means basically every single trade I've been losing about four dollars. but you could even see this: the average winning trade 100.

Well, it's 97.5 and once again, that's obviously because of commissions and then average losing trade, not 50. It's a little bit more than 50. once again, because of commissions. So and now it's trading it.

Jesus We're going all over the map. so unless we end well, actually, there's no way I can end it neutral today. if this last trade right here hits, the only thing I'll be down is uh, commissions. So technically I would be neutral on the day, which is still a differential from what the code is telling it to do and the way to explain it is there's just some time like here.

where's a good example? Where's something that I could blame? Uh, I'm trying to highlight it. Okay, I don't know how. This box is pretty small, but the strategy said to buy five at 22.75 Actually, that one hit perfectly. So right here.

Okay, okay, this is a per phone. The strategy said to go short five at 20.25 Instead, it went short at 20.. Well, when it goes short at 20, it's going to be forced to cover at 22 when the strategy would have covered at 22.50 which never hit. So then all of a sudden the strategy, the theoretical strategy, and the actual practical strategy start to differentiate.

And it was in this Zone where the strategy and the actual Theory just were not in alignment and different trades were being taken. So this is one of those things where you can work and back test and like Focus all this stuff Boom brother and now it just fucking lost. Are you kidding me? Now I'm just getting pissed off. Um, was that actually based on Theory 89.

Okay, so that one did do what it was supposed to do. Um, and actually in that argument right here. this one the you can't see. Let me move it over here.

Um, in this particular example, uh, buy it 89. Buy it 89. Okay, the strategy and the actual trades matched and then sell it 87 and actually sold at 87.25 So in this case the slippage actually went in my favor. So slippage can hurt you.

It could also help you commission obviously always gonna hurt you. So I'm not completely upset with the performance of this today. Yeah, obviously I would like it to be a bit stronger, a bit better. Like this is ridiculous.

Um, that there's that much. So I was diving into it. Uh, and I've come to the conclusion that I think maybe the best thing for me to do is you have to look at the net expected value. That's the amount of time your winners hit and look at that size.

the amount of time your losers hit. Look at that size, you see the differential and that's your expected value When the expected value is below or like very close to like a tick or two as in what your slippage could be. that means you're kind of flirting with disaster. So what I'm gonna do here and what? I'm going to spend many hours tonight doing is going into this concept but just trying to make it bigger.

Bigger wins, bigger losses. And I'm hoping with the bigger wins and the bigger losses, that the net average gain across the winners and the losers is larger enough to overcome what slippage is proving to do to the system. So that's where I'm at. Um, definitely frustrating to see that the theory is good.

The theory should have made me money today. I should be up about two and a half units right now. and instead I'm down almost two units. So frustrating.

Frustrating. Frustrating. Frustrating. obviously.

I'm gonna figure it out. I'm gonna update. Update you guys Dude, did you guys waited? Warn me. Dude, this is a child.

You guys aren't gonna warn me that a child is standing on a bookcase like you're fine with that. What kind of people are you sorry Piper they just don't love you the way I do. if I if I saw you there I would have said hey, get down now dude. what is she doing? Big job, Big jump, Big jump for a big cat.

Ah dude, she's just chilling. Now she's just chilling now. look at her hair. maybe I'll just sit here can I Um yeah I Feel like this is more appropriate? Uh, did it already get stomped out I think it got stomped out I Don't think this has any more trades left in it today.

so I Don't know I guess I'm just particularly frustrated because I was particularly excited about this strategy and just to see such a deviation already. Which tells me that small wins and small losses don't work in strategy. But it's funny because when you're trading a prop account, that's what they want you to do. Oh, and speaking of which, I passed the prop account today at least a magnitude.

but there's also a Time aspect to it. So uh, I failed six accounts or five accounts and then I hit it on the sixth or seventh one. So I start with 50k. it's now officially above 53k.

Um, but I didn't pass the time oh bye uh I didn't pass the time requirement of it. So the fact that I didn't pass it I think I need to trade. it needs to be active for two or three more days and then I'll officially pass it. But in terms of ah, in terms of the like, the trades that have to be done I have I'm done with the prop account now so it only took me six attempts or I guess technically this, the seventh time's the charm.

Kind of like seventh heaven, a show that definitely does not stand up the test of time. But anyway, so done with the prop account. Uh, so it's going to be funded with real money as long as I don't blow the account up in the next three trading days. So I have to do a trade even if it's quickly in and out.

So what I'm going to do Friday Monday Tuesday What I'm going to do is basically put on a trade. either go for a point or lose a point and I have enough of a buffer that the like I'll successfully be funded. So um, it only took me half the month to press to pass that challenge. So Matt you trying to pull in I show speed am I junk Fallout I wore my pants.

Um, so Prop Account good almost is 95 of the way there I just have to not blow up. And then the algorithm. It's a painful lesson. It's a good lesson.

It's a lesson I should have learned five million times ago. But you always wish that this, the theory, and the actual practice would be so much better. And it's not. And it's not.

It's not. It's not. It's not. It's not.

It's not. And that frustrates me. That particularly frustrates me. So we'll have to see.

um I'll report back tomorrow tomorrow. Friday we're obviously going to be streaming. Uh, we'll be there 9 A.M Bright and early. Don't forget that the seasonality tomorrow does favor the Bears Ah, it's gonna be a late night I can already tell.

So what I'm going to do I'll probably go crush the stair stepper, just get some sort of physical activity in and then Buckle in for the night, just pour hot coffee into my eyeballs. I Think a lot of people don't realize that a better way to wake up from coffee is not consuming it. Pour It on yourself. That's a pro Tip: Pro Tip from the Best: Trader On this side of Mississippi coffee can be used to wake you up in two distinct ways.

Yeah, you can consume it, but if you're like me, you've had so much coffee in your life that you're basically desensitized to caffeine. The second thing you could do is just pour it on yourself. There's different parts of your body where it works more effectively, but just just pour it on yourself. and I I bet you you wake up.

I Almost could guarantee you that you're gonna wake up. Um, so just want to throw that out there a little. Pro tip Pro Tip from Pro Map Been watching you for years. I Do love the fact that you openly test your ideas on stream and don't try to hide your failures and promote only success.

Hey, that's nice. Well that's the way to do it because all these people who tell you that they like are always making money. No, they're not the best traders in the world are losing about half the time. and then you think some fucking Ding dong on Reddit or Twitter or YouTube or twitch or kick or Rumble is going to be like all of a sudden be trading better than like the professionals who manage billions of dollars like no.

If someone's like trading and every single day is green and all they do is make money. Make money. Make money. That should be a giant red flag.

An absolute massive massive giant red flag to you because you're lying. They're fibbing. They're not telling you the truth, They're trying to sell you something. Speaking of which, what am I trying to sell you today? Oh, I'm not trying to sell you anything.

Uh, just go to uh, what's been to the top of Chat in the description of the video. It's this video though. Uh, let me find it really quick. Watch this video when I'm done with this stream immediately and I'll know if you do or don't YouTube and Rumble They give me the report.

but right as soon as this stream's over, If you haven't watched this video yet, watch it. Go to um at Matthew Cores. It's a non-live YouTube channel. it's also up on Rumble.

Uh, so both Rumble and YouTube have it. Twitter doesn't have it. But anyway, watch this. Stop trading options immediately.

Watch it. You'll like it. Enjoy it. Um, so check that out.

and then, also, just so you know, we'll be posting some other content later on today. streaming tomorrow morning 9 A.M There is a Eurozone CPI report coming out at 5 a.m The seasonality does favor the Bears and I am just going to be spending hours and hours and hours Um, coding up something to ideally fix this I need to fix it I need to fix it I Must fix it. Um, so that's my plan, but the market did close. We officially clocked in a loss of 0.76 while the queues were down almost 1.1 percent.

So a day favoring the Bears definitely not favoring the Bulls I Hope you made money. Oh, side note: How did you know to not take any bullish trades today? Because there was no opportunity that ever presented a bullish trade. If you're looking at the 10 minute chart? the five minute, whatever 15, there was no opportunity. Maybe on the five minute right Here at 12.50 it popped up.

the EMAs went green, but the internals were red the whole time. So in reality we started off with a little bit of optimism. We sold below the EMA Club The internals went from bullish to bearish. So this whole day you should have been looking for bearish entries and really a beautiful one came out 120.

And if you entered on this breakdown of yesterday's low you, you rode this puppy from 439.50 all the way down to 436.. So there was just not an opportunity to really like. Even if you had a bullish mindset, there was no good price action where you're like. Okay, time for me to go the EMA We went below it.

We pretty much stayed red literally the entire day. So where would you have gone long if you were trading on the five minute? Yeah, maybe a little bit in here I Wouldn't have minded that even if you're like, well, hang on the internals, but maybe that would have turned it. But even if you went long here at 12.50 your risk was not far away. So yeah, okay, you went long, It didn't work out for you, you got knocked, you switched bearish, and you made more than your money on the way back down.

So just want to throw that out there to everyone that if you're doing some review and I know it's easier with hindsight bias, but this type of development you would see even if you replayed it even if we didn't know how it went. look at like there's just never a green. EMA Cloud A little bit on the five minute, but by the time you go to the 10 or the 15, nothing, none of it was ever supporting. If anything, it just got rejected by this.

like 35 EMA 34 Whatever the hell. EMA This is rejected, rejected, rejected, and then vomited into close trade with the trend. That's how you make your money. Don't try to pick tops, Don't try to pick bottoms.

Save that for some other hero Trader Who's going to show you their bullshit course on Twitter or whatever the fuck it is, but just wanted to bring that up I Think it's good. It obviously pays to be a little bit more realistic about the stuff because those people are all fakers. Big Fat Faker Faker People Um, that's what I have for you. Thanks for all the good vibes.

Check out the video that I just showed you. Check out the other videos that are going to be posted tonight. Don't forget to like. Don't forget to subscribe.

Don't forget to turn on your notifications. Don't forget to save a cat from the forest. Bring it into your place and train it as your own family member. And don't forget that! We'll be streaming once again tomorrow morning 9am, bright and early.

If you are not there, I Can guarantee you without a shadow of a doubt that there will be a giant bald eagle that will come after you and it will be angry and pissed off because you're essentially going to be spinning in the face of America if you do not attend tomorrow's show. So 9 A.M Bright and early. Be there or be a square foreign.