The Bears Are Alive!
The Matt Kohrs Show
Interviews
⇒ You Will Fail At Trading: https://www.youtube.com/watch?v=JUNAsYhki6Q'>https://www.youtube.com/watch?v=JUNAsYhki6Q
Check This Out
⇒ Apex Prop Trading (50% Off w/ Code TPBMGLUS): https://bit.ly/ApexKohrs
⇒ Goonie Trading Group (FREE Month w/ Code GOONIE): https://bit.ly/LocalsMG
Sponsors
⇒ Goonie Trading Group (FREE Month w/ Code GOONIE): https://bit.ly/LocalsMG
⇒ Streetbeat Robot Trading (FREE Month w/ Code MATT): https://bit.ly/AICopilot
⇒ Top Charting Software: https://bit.ly/GoonieCharts
⇒ Apex Prop Trading (50% Off w/ Code TPBMGLUS): https://bit.ly/ApexKohrs
⇒ Options Picker: https://bit.ly/Tiblio
Socials
⇒ YouTube (Non-Live): https://www.youtube.com/ @MatthewKohrs
⇒ Rumble: https://rumble.com/c/MattKohrs
⇒ Threads: https://www.threads.net/ @matt_kohrs
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00:00 Intro
01:29 The Bears Are Alive
06:20 Why The Market Is Red
14:30 Insider Trading
20:16 Important This Week
21:10 Earnings/Seasonality
22:04 Where I'm Prop Trading
23:34 The Market
24:42 My Trade Idea
#Trading #Stocks #Options #AMD #AMDEarnings
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
The Matt Kohrs Show
Interviews
⇒ You Will Fail At Trading: https://www.youtube.com/watch?v=JUNAsYhki6Q'>https://www.youtube.com/watch?v=JUNAsYhki6Q
Check This Out
⇒ Apex Prop Trading (50% Off w/ Code TPBMGLUS): https://bit.ly/ApexKohrs
⇒ Goonie Trading Group (FREE Month w/ Code GOONIE): https://bit.ly/LocalsMG
Sponsors
⇒ Goonie Trading Group (FREE Month w/ Code GOONIE): https://bit.ly/LocalsMG
⇒ Streetbeat Robot Trading (FREE Month w/ Code MATT): https://bit.ly/AICopilot
⇒ Top Charting Software: https://bit.ly/GoonieCharts
⇒ Apex Prop Trading (50% Off w/ Code TPBMGLUS): https://bit.ly/ApexKohrs
⇒ Options Picker: https://bit.ly/Tiblio
Socials
⇒ YouTube (Non-Live): https://www.youtube.com/ @MatthewKohrs
⇒ Rumble: https://rumble.com/c/MattKohrs
⇒ Threads: https://www.threads.net/ @matt_kohrs
⇒ Twitter: https://twitter.com/matt_kohrs
⇒ Instagram: https://www.instagram.com/matt_kohrs
00:00 Intro
01:29 The Bears Are Alive
06:20 Why The Market Is Red
14:30 Insider Trading
20:16 Important This Week
21:10 Earnings/Seasonality
22:04 Where I'm Prop Trading
23:34 The Market
24:42 My Trade Idea
#Trading #Stocks #Options #AMD #AMDEarnings
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Hello hello, hello, hello Dude, oh brother, oh brother, oh brother. It kind of gives a nice vibe to a pretty freaking bearish day if you ask me. Welcome back to the Matt Core show where I'm at your cores and someone one of our neighbors is the show folks. I Need you to buckle up I Need you to secure your socks because we do not want to get those knocked off.
No knocking of the socks off folks, because things are already going down. We don't need it to also involve your clothing folks, folk, city folks, folks, folks. We have a plethora a myriad, a diverse amount of content we need to cover in this show and we only have 30 minutes to do it. Fortunately for us, we're not a syndicated show, so we don't have to worry about like five to eight minutes of commercials.
We're able to just rip it. Rip it, rip it, rip it. We need to talk about what's going down in the market today. Why are things plummeting on the second day of August And you might think it has to do with a bitch, but it doesn't.
It has to do with Fitch one letter off, but it makes the world of a difference. Well, I Also want to dive into the most recent round of political insider trading I Also want to talk about seasonality statistics I Want to talk about macroeconomic events and I want to talk about a trade that I thought maybe is of interest to everyone? Uh, before we get into all of that, do you guys want the good news or the bad news? I'll let you vote. You know me being the gracious stream host that I am I will leave it up to you. Do you want me to give you the bad news or the good news? So we have two orders of business to cover before we really really get into the show.
So what kind of a mood are you in? What kind of a moot bad? You guys want me to start with the bad news. Bad news, Bad news, Bad news, Bad news. Well it turns out I still don't know anything about prop account trading and in day number two I blew up my second account because I don't get the rules. It feels like I get a little bit of a drawback in my account and it blows up.
So I should probably watch those videos tonight. But day two second Prop account blown up on that news. Many of you asked me what I'm doing with this prop account. First of all I don't know I'm trying to figure it out and I got like 50 DMS asking me about prop account stuff it's pinned to the top of chat it's in the description of the video I called up the company and said hey, I'm a streamer I'm Matt course you probably know about me and like we've never heard of you I was like well okay, uh, people watch me Can you get us a discount and the guy's like okay, whatever you say kid and there's a 50 discount.
So if you want to do a prop account trading challenge against me with me besides me through me I don't know it's pinned to the top of chat it's in the description of the video, just click on that link, use that coupon code and if you're like well, is this the best one well I don't know it's the best one I've used because it's the only one I've used I don't know about other ones I barely even know about this one I don't know what I'm doing I'm scared but anyway, that's the bad news I've blown up my second prop account in two days because I don't really understand the rules. Now for the good news. I guess I should have let you guys know that had nothing to do with the market but uh I wanted a pair of Nordstrom White Shoes because I got like dirt and gravel and mess up all over these and I was thinking to myself man I'm gonna have to take time out of my day and go back to Nordstrom Rack and get these bad boys. but then I thought Matt you gotta work smarter, don't work harder So before you make the journey on through Midtown to find a Nordstrom Rack see if it's online and darn tootin it was so I just put in my size and it's going to be shipped to me in a couple days. So nothing really that like positively or negatively impacts you. Nothing really to do with the market, but in terms of my life I don't have to take time out of my schedule to go get shoes in person because I was shipping them to me. so I I feel like that's good news? Um I feel like it's I don't know. just wanted to share that.
Well anyway, on that note, let's talk about what's going on in the world. Things are vomiting. Not a good day in the market. kind of a vomit.
Fest if you will. I mean Nvidia is getting rocked. This is kind of the the specialty one that I want to talk with all of you about. uh, but we are seeing some I mean that's not five percent we have Tesla down three we have Microsoft down three.
The Market's just been vomiting all day. just vomit, vomit, vomit, vomit, vomit, vomit, vomit. Not a good day. not a good day at all.
Listen up if you want to know why the market got kicked in the balls today I have the answer and I think I could explain it in somewhat of an efficient manner. So sit back, relax and let's talk about why the stock market is burning down. Wall Street Selloff intensifies with the Dow losing 300 points after Fitch downgrade. You know with the day we're having and the amount of people who are probably yoloing into calls, this might be about one letter off on what people are really wanting to call it.
So let me give you the tldr on the situation: Fitch Downgrades: U.S long-term rating to a A plus from AAA. So to put that in layman's terms, you have a rating of credit worthiness and that includes the US government and many other governments and businesses and municipalities and blah blah blah blah blah. So when it comes to the US government and their credit worthiness, the tippity top of the peak, you are the most reliable government out there. That's AAA That's where we were and then Fitch came in and said, well, we're going to move you down in Peg Does this functionally actually do anything? Does this mean that whatever, insurance, plans, and hedge funds and investors are all going to start selling this? Because like, the US is no longer the tippity top? No, not really. Because double A Plus is still in a relative basis. Pretty freaking high. But anyway, Fitch is one of three major firms that give out these ratings. You have s p you have Moody's you have Fitch in that group.
Fitch is kind of the least influential, but in General within Wall Street within the investing Community A lot of people don't care about these ratings to begin with. This is not the end-all be-all by any means. Treasury Secretary Yellin says surprising Fitch downgrade is entirely unwarranted. So basically the smeagle character of the US government is not happy with what's going on and says hey, that's not fair Play by the rules I Want you to play by Treasury secretary Jenny Allen called Fitch's credit downgrade surprising considering the nation's strong economic recovery from The Rona period Well It had nothing to do with the recovery.
The reason which I'm about to get into has to get into the more of the petulant nature: the childlike, the toddler-like the really almost sad aspect of how our government acts. That was the reasoning Yellen touted recent robust U.S economic numbers and said treasury Securities Remain the world's preeminent safe and liquid asset. Once again, they weren't arguing that they were just saying our government. In fact, I wrote down some of their quote.
They've lost confidence in the government physical fiscal management as in they're just like hey, you don't know how to handle your money and you act like children JPMorgan CEO Jamie Dimon calls Fitch rating U.S Downgrade: ridiculous, but says doesn't really matter It's honestly the latter point that I kind of find interesting that I did what are you talking about Man, it just doesn't matter and that's kind of a lot of wall Street's opinion on these ratings to begin with, but obviously it clearly does have a pretty vast impact. I mean right now the Spy as I'm filming this is down 1.5 percent. Yesterday we closed out in the realm of 456 and some change. We're currently trading below 450.
So clearly there's some sort of impact, so it's worthwhile to dive into. What are they looking at? What was the decisioning? And is this the start of a downturn? Now before we get into it: I Think it's silly to call for doomsday. The Market's been ripping since March. It's been over a month and a half 40 plus trading days and the market hasn't gone down one percent in a single day.
That's a long record. If anything, we were kind of due for a healthy pullback. I'm not calling doomsday, but to think that everything is green and ripping all the time? That's just simply not how the markets work. But anyway, here's Fitch's reasoning: The Fitch Analyst behind the U.S downgrade breaks down the decision and how the country can regain the top rating. according to the analyst and a representative from Fitch. This is a steady deterioration we've seen in key metrics for the US for a number of years. In 2007, General government debt was less than 60 percent and now it's 113, so there's been a clear deterioration. Furthermore, we're expering fiscal deficits to rise over the next three years, and we expect debt to continue to rise over the next three years.
Francis Said that in addition to the January 6, 2021 Insurrection The rating agency has noted a constant brinksmanship surrounding the debt sailing among both Republicans and Democrats that has hindered the U.S government from coming up with meaningful solutions to deal with growing fiscal issues, particularly around entitlement programs such as Social, Security and Medicare. Honestly, if you ask me, that's pretty sound reasoning. They're looking around and saying, hey, do they really deserve the best credit worthiness rating Whenever it comes to budgets and deficits and government shutdowns, there's always just political infighting. If anything, it's more of commentary on the gridlock of politics within the US kind of the divisive nature that we have between red and blue, left and right, and everything else that we apparently get divided on among these days.
now. I Do want you to know that this has happened before previously a different rating agency. The S P rating agency actually downgraded the US. It lasted for a little bit, there was a bit of a hit, but then we ended up coming back.
So yes, in the very short term, depending on when you're watching this, I'm expecting the Bears to feel a little bit more confident, the Bears to feel a little bit more lively, a little bit more back to life because they've been getting their skull kicked in lately. Will it last forever? No. I don't think so. I Think this is something in the a media cycle that we're going to be covering for a day or two.
There's going to be some bearishness in the market and then out of nowhere. Basically, I think the world's going to end up forgetting, so that's what's going on. That's why the market took such a hit. Big hit today I Do expect some bearishness to continue, but this is more of a short duration thing.
I Don't think this is going to have a massive lasting impact on the stock market or really the overall economy. Obviously, if you have any questions, let me know. On that note though, since we're talking about the government, there's a little bit of breaking news that's kind of crazy Capital Police issues, shelter in place, order at Senate Office Buildings So this happened about 30 minutes ago and there's a potential of an active shooter I guess which is kind of crazy. so if you're there, be safe if you have family loved ones I hope they're safe and I don't want to be the guy who I guess is a little bit inappropriate and not the best with timing. but since we're talking about politicians, we might as well talk about most recent I Guess what would even the recent spurt uh, the continued egregious nature of the political Insider regime, the recent abuse of power. the reason? something. But last week, senate committee held a vote to ban politicians from stock trading 10 Democrats and two Republicans voted not to ban it, including Feinstein whose net worth has grown by 200 million plus since becoming a senator. She was also investigated for insider trading.
But here's a little bit of a rundown of how this has actually gone: Ali This amendment seeks to prevent members of Congress and the Executive Branch officials from owning certain Securities and Investments While they serve in those positions, we should have a conversation around legislation to ensure members of Congress and Executive Branch officials aren't engaged in insider trading. This is an important subject that the Senate can and should address and I'll join in that debate. Unlike Congress and the Executive Branch, the Supreme Court is not bound by any ethical code of conduct that is the purpose of this hearing and the pending legislation. That's why we're focusing on it today.
Turning our attention elsewhere is a distraction. I'll therefore oppose the amendment. Anyone else seek recognition. They're opposing the amendment on Banning politicians from stock trading.
no, oh, excuse me, no. So Feinstein who's made over 200 million dollars since being in office? They're like, how do you vote? aye, we should ban them. That seems wrong and then don't do that. You did not mean that I Love like I just want to freeze Francis She fucking Sprint Look at her dude.
I Don't know if professional athletes can turn on a dime the way this assistant is the staffer. Holy shit man. She fucking came in like Usain Bolt She heard I her eyes popped open. She's thinking about her paycheck.
She's thinking about everyone she has to answer to. and she fucking hauled ass. You know? Shout out to her. not only should we give her a round of applause, would you give her a Gatorade man I mean this: She's gonna need some electrolytes after such an athletic performance.
Watch the staffer the amount of times I've watched this so she's like, all right, I'm the Handler I'm making sure everything goes she hears I Do you see that head snap? She snapped her head so hard I don't know how she didn't break her neck. the wind that was generated off of her Noggin in such a rapid movement, probably almost borderline killed Feinstein Not because it was that impressive of wind moving, but I mean she's a frail old lady. Dude, she's about to body her. If this was the NHL she would have been put through the glass.
That's how quickly this staffer came over. So anyway, yeah, obviously when you make over 200 million dollars, uh, you're gonna start to vote to make even more money. so that obviously went down I Saw this on Twitter land and then I figured well let's see if there's been any other Traders today because I'm bored and I'm an asshole like that. so I'd like to look into what these people are doing and do you know who just recently traded literally filed today August 2nd The Honorable Thomas R Carper You know what's interesting at first. I Saw this and I was like oh, nothing too special. Dude is buying some stock in some banks Verizon and I was like oh, this is interesting. He had a little bit of a hedge on that he got rid of and this is where it gets really interesting. folks.
Before when I told you to secure your stocks, this dude technically his spouse a senator from Delaware has purchased up to 30 000 worth of P S Q also known as Pro Share short QQ Q There's three cues in there. It does the exact opposite of the NASDAQ Folks folks folks folks, this dude Tom Carper Tommy Boy representing the state of Delaware is legitimately betting against the U.S stock market technically with a focus on Tech Tom Carper Here brother is literally literally betting against the market. He's like ah man, I just have a sneaky suspicion that things might be going down. Do you know what the funniest part of this is? he's on the finance committee, finance committee.
These guys like, call it a lucky hunch, but I think something might be up. throws 30k up to 30k. This guy, you kind of love it dude. I couldn't If I made this up as a story, you'd be like that's not believable, that's too egregious.
that's too illogical. No one would be that bold in their actions. And yet Old Tommy Boy He's here once again. Psq: The investment objective is to do the exact opposite of the NASDAQ completely go the opposite of the NASDAQ So he's like, yeah, no I just I think uh I think things are coming down I think things are coming down Tommy Boy I kind of looked at the chart.
he's now up money he got in around probably 10 30 somewhere around here. currently up a bit of money so uh, just because I have nothing else better to do with my life I'm going to be tracking this over the next couple days and weeks to see how much of a return. Good Old Tommy Boy from Delaware ends up making political insider trading I know it's egregious I know it's technically illegal I know it happens a lot and I know a lot of people are kind of just hoping that like you know it, um, it ends. it stops that there's some sort of bill that you know, like protects us or something and I I I get that.
but also I kind of wanted to keep going on because it's just so funny. You know it gives me content. It gives me something to laugh about. It gives me people to track.
it gives me something to do. It gives damn. I say it my life. A little bit of meaning so like I get it.
Is it appropriate for things to run this way? No. Is it moral no? Is it safe? No. I Get that there's a lot of things stacked against this and why politicians shouldn't be trading. But dude, it's so much fun. It's so much fun. Why would I want it to stop? It's just like what would I do next. What would I start reading books or meditating or something do yoga. Those aren't the kind of things I want to do with my life I Kind of don't want it to stop.
just it gives it gives me something to bitch about all day. But anyway I want you to know that tomorrow? Thursday We get the initial jobless claims an hour before the Market opens. 15 minute into the trading day, we get a PMI number and then at 10, uh, 30 minutes into the 10 A.m we get another PMI number. So that's going down tomorrow and then on.
Friday Uh, we're gonna get average hourly earnings, non-farm payroll, and the unemployment rate all an hour before the Market opens. and I want it noted that this: I was not searching bodysuit Yourself by Abercrombie I was not searching for body suits. This is a bad advertisement. They were not targeting me.
The record should reflect that this was a shitty shitty ad and I was not searching for body suits before stream today on this computer. So I just want that out there and I this is basically defamation I was not searching body suits I Just it wasn't me and they're they're lucky I Don't get my lawyers involved I Just lucky I Don't get my lawyers involved. On top of that, we have a bunch of earnings after the market closes today. PayPal Shopify Qualcomm Oxy Unity Robinhood tomorrow the big boys after the market closes Amazon Apple Uh.
then we also have coinbase Airbnb and DraftKings I Want you to know that for tomorrow? Thursday August 3rd, the Bulls have won 52 percent of the time. The profit factors just below one. The bias is neutral. There's not really a a strong upward movement.
strong downward movement. Tomorrow's kind of a seasonally neutral day, so it's not really going to come too much into my opinions. uh, of how I'm training tomorrow. Now if you want to become a goonie macross.locos.com It's in the description of the video.
It's not pinned right now, but Macquares.locals.com You can find it. you're an adult. You figured out how to watch me on stream. You could easily sign up for this if you want one month of premium for free.
use the code Goonie but if you want to see what's actually pinned to the top of chat, um, uh, just I don't know. I Did this because a lot of people were asking me this is where I'm doing the prop trading. How did I decide to do the prop trading here? How might you ask? It's literally because you people told me hey, I think Apex is good. That's how I did it.
That's how I decided on this one I Don't know if it's the best I Don't know if it's the worst in terms of what I've used, it's simultaneously the best and the worst because it's the only one I've ever used. But if you want to try it out, uh, the way this works is basically you pass a test which I've already failed twice. once yesterday and once today. and like this is how how you pass the test. you either have to get a certain profit goal or you go bust. and if you pass the test based on all their rules, they'll fund you with that amount of money and then if you end up doing well in those training accounts then you end up splitting the profits. Whatever. I think you get like 80 and they get 20 or something like that.
You could look into it. but I called them up today and I said hey, Matt I'm Matt I'm like wait what I said sorry my name is Matt uh can you give us a coupon and they're like okay and so if you want a 50 coupon so like instead of it being 168 dollars to do this, it would only be eighty four dollars. or instead of this being a hundred and fifty, it would only be 75 if you want to take the test. So there you go.
I've already failed twice and so if you think you could do better than me and if you want bragging rights that you are in fact a better Trader than Matt Core's uh, check it out so it's pinned to the top of chat. it's in the description of the video and also the coupon codes there unless you want to pay full price. I Totally understand that a lot of people like just spending more money and that's cool by me. Uh, the Market's popping a little bit right now I got out of a runner position right? Oh I'm exact.
I'm up 420 today. Nice. It was almost meant to be. My actual trading account is up 420.
You want to see my last scale out is pretty sick right here. Check this out. I went short at 1 45 and I just spider webbed out Boom boom boom like I was just like Spider-Man Peter Parker So uh, went short there I shorted nine contracts and I got out of three, three and three and that's how you do it. That's all she wrote.
Uh, just Peter parkered my way out of it. Don't worry about these losing trades beforehand. Focus on this winning trade where I Peter parkered out of it losing trade, losing trade, losing trade. and then the Peter Parker That worked and ended up 420 buckaroos on the day.
So not a bad day to be me. Um, but it's also never a bad day to be me because I Get to hang out with you guys I get to just chill with my friends in the market. All right. The other thing I wanted to bring to your attention before I Forget is my interesting play of the day and it is NVIDIA uh I did post this a little bit earlier for this is why you should be on locals because some of my trade ideas I post where is my trade idea right here uh trade idea August 2nd the Downfall of Nvidia I Got some people's thoughts I Don't want to let the cat out of the bag but I'm seeing a trendline breakdown I'm seeing some weakness.
we have the Fitch rating. This is something that's definitely on my watches and in fact I actually kind of like this recovery because I want to see what's going down tomorrow. The closer to the trend line, the better. Just the higher up when you get in, the less risk you have if you're betting against it. But this might be finally the breakdown in Nvidia's chart that everyone's been waiting for ever since the late May time period. So I just wanted to throw that out there that Nvidia is looking particularly weak and while we're talking about it, we might as well go through the a full Market obviously. big gap down upside Gap fill to 455.49 Nowhere close to it today. if we snap 449 tomorrow, honestly, there might be a little stop at 4 47 and some change.
but I'm looking for this downside Gap Filter 443 In that event, if you're training the NASDAQ if you want to trade with what's his name Thomas Crapper Carper that Ding Dong from Delaware Well, he's crushing it right at a trend line. Now let's see if it bounces if it breaks through this. There's actually a downside. Gap film looking there at about 369 in terms of Apple A little bit of a breakdown today, but I'm not doing anything with it because it's earnings are after the market closes tomorrow.
In terms of Microsoft it popped Ever since its earnings, it's been on a downtrend. If this thing snaps 327, this is an important shelf. Uh, we do have a downside: Gap fill Target of 316.50 if you're looking at Tesla it's at the bottom of this consolidation range. If it doesn't hold, my very next Target would either be 241 or once again downside Capital 2 235 Nvidia We went over that Netflix actually holding on a bit stronger on a relative basis to some of these other equities.
so I'm probably not touching it right now. Meta once again dancing around at this line. If it ends up snapping, uh, what is this? 309 84 I'd be once again looking for this downside. Capital of 301.77 Amazon Not touching it Earnings after the market closes tomorrow.
Rum holding above eight. Uh, where are we at Coin 90 Downtrending: Uh, if this ends up breaking this body, uh, at 85 I Think coin might end up getting smacked all the way back down to potentially sub 60, sub 65. Carvana Nice bounce. We talked about this as an entry around 46 with your risk around 40.
uh, it's been trending up nice ever since then. Roblox Very happy I didn't buy this fake out breakout Bitcoin Chilling just above 29 000. you have Ripple just below 70 cents and you have Eth Right now, Crypto hasn't really been doing too too much. Um, what are the other ones? Tup? is that one still squeezing? No First big major red day.
This might be the end of Tup's run a lot of the time. not all of the time, but a lot of the time When you see a big run, your first big red day as in a break and a close below the previous low. See how? see how every single day we're closing above the previous day's low and that was true. Basically, ever since. Wednesday Wednesday Well, that trend has now changed, especially if this was on large volume. Um, we're getting a bit of volume exhaustion see how? it's large volume here and now the volume's dying off. Red day. This might be the start of the end for Tup.
Honestly, for me, I would have been out of Tup today if I wrote it up at any point I would no longer be long on this now. obviously if it recovers and punches above today's high tomorrow. Okay, different story, but based on the current information, I probably would have been out as soon as it vomited here at 10 45. I probably would have like white knuckled it through this dip this morning, but when it kept trending down and vomiting I probably would have been out around 4 15.
but I didn't play it at all. not long, not short I don't calls I don't know puts did not play it. uh, what else is going on? Any other question, comments, Concerns: you guys have me for about two more minutes before. I Need to crush the stair stepper being before I Need to battle some inner demons on the stair stepper.
Ask away you have two minutes and 10 seconds. Two minutes, you have 130 seconds. Go Go Go Go Go Go Go Go Go Go Go! What happened to the Options account abandoned? Um, No. I that was the July challenge we're now in.
August I I Know not many of us believe in the Gregorian calendar for good reason. Um, but if you subscribe to the Gregorian calendar, it is now a whole new month. and with it being a new month, we need a new challenge. We can't just keep doing the same stuff over and over and over.
Uh, what else do we have? Uh, what else do we have? What else? What else? What else should I Drink Beer or whiskey tonight? Uh, it's a Wednesday so more of a beer night. Uh, whiskey. You're gonna go a little bit harder like as we get closer to the weekend. I would argue.
Great question though. Great question. Um, did you have a good poop today? Matt I did not. It was a bad one.
very scary. Thanks for asking though. So no Gregorian pretty much squat hard. Yeah so when I'm playing on I don't know how you knew that, but um I'm actually doing leg day today too.
So I'm gonna do stair stepper followed by a whole leg workout Just to you know, fire these quads up. I Know you guys don't come here for entertainment and you definitely don't come here for knowledge. I know you guys are just here for rock hard buns. so I know why you're here and I'm gonna deliver on that I Know you guys don't like watching streamers with flat asses.
So my goal is to have the most bulbous rock hard but in the game of streaming. so that's how I'll be doing it. Uh, show me the way to the next whiskey bar and no, don't ask why. what is your take on Neo Well, it's kind of chasing it at this point.
I Mean are you talking about for a trade? Are you talking about for a long-term investment? Um, for a trade, you're clearly chasing it to the upside. don't do that as an investment I like Tesla better because like look at this chart. Um so if you try to buy the dip I Think the interesting day was back here on the 24th because you could have gotten in around 11 risking the low tens. Uh, but you're now chasing I mean with a rip from Seven up to 15. it's gone up 100 and you want to chase it. You're in at eight and you're holding well. That's great. Ride the tread, it hasn't really broken down yet.
I would keep moving my trailing stop loss up behind it because you're in this game to make money, but ride the trend as long as it's intact. All right. On that note, the Bell just went Diggity ding ding ding the Spy down 1.4 The queue is down 2.2 percent Apple down 1.5 Nvidia down 4.8 That seems to be the worst one on my watch, so it's oil taking a hit today, going below 80. But overall, this is the first major falter that we've seen in like a handful of weeks now in the market.
It's been just so incredibly bullish so it's starting to feel like yoloing. Call options zero DT on a daily basis might not be the strategy one we want to continue with, so just want to throw that out there for everyone. Folks, That's what I have for you today. I Appreciate all the Good Vibes I will catch you tomorrow morning 9 A.M Bright and early for the next stream, but between now and then we will be posting more content.
and if you don't watch it, I'm going to be upset and I'm going to cry even more tonight. So if you want to help me from battling my voices in my head, you're going to watch that video and you're gonna like it and you're going to comment it and you're gonna share it with your Mima and your papa because I need an older audience I Just like old people so that's what's going down. Uh, become a goonie. Check out that Apex thing if you want I don't really give a shit? uh.
and other than that I Hope you you have a good one. So much love I appreciate all the Good Vibes Hope you made money. If not, there is always tomorrow. and who knows, maybe tomorrow's the day that you're finally gonna stick to your trading rules.
Only time will tell. And on that, Oh peace, Thank you Foreign.
Fuggin LOLing the whole time 😂
Anyone know what platform he was using to trade today? The 9 contracts he was talking about trading and selling out of like Spider-Man? Is that TOS? Can you trade futures on TOS? Do you know what capital requirements for trading /Mes futures on TOS? Thanks in advance to anyone who can enlighten me. ❤
😂