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Amc, gme, lcid prog: astronauts, standby dumb money w/ matt ep 156 – Matt Kohrs

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AMC, GME, LCID & PROG: Astronauts, Standby ๐Ÿš€๐Ÿš€๐Ÿš€
Dumb Money w/ Matt Ep. 156
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amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance

Wow, the greatest the greatest, the greatest, the greatest, the greatest. My welcome back to power hour dumb money with your host me matt, coors, coming at you live through the interwebs sit down, strap up because we are going on quite the ride. You know when i wasn't here: things were looking a little bit looking a little bit, uh iffy we'll say: maybe that's a good word, a little precarious if you're looking for another s.a.t level, word um but hey, look at it now we're coming back. I mean i know the the market's been a little bit.

Wonky um, i'm excited, i mean amc. This is nice stuff amc, recapturing 42. gme is looking amazingly good and i'm not saying that amc's like not looking good amc, is looking good. It just so happens that over the past, like couple training days, jimmy's looking like legitimately freaking great um tesla fighting back fighting back fighting back uh, we got some fellow tesla traders in the discord i hope you're holding on to some of those calls, because you're fighting Back to at least be able to get a little bit of your tendy town um, you left us in the market dip coincidence, hey i'm happy, i'm back right! Now, hey before we get going.

If you guys could just help me out a little bit a little incincy bit with all the algorithm, whether you're on rumble twitch youtube, if you could hit those that the like buttons, the rumble buttons the subscribe buttons, i don't care if they're synthetic, if they're real. If it's all good, i mean if, if the market's allowed to have synthetic crap, why can't we here in the interwebs? It's just my going thought all right. So i do want to talk a little bit about elon and tesla. So tesla crazy day opens up at 1.

160 goes all the way up to 1. 200 comes all the way down to 1130. Now we're fighting back and potentially going to make a new intraday high by close, but the stories eel elon is hilarious. Like th, this stuff is too too funny jp morgan's, jamie dimon and tesla's elon musk feud behind the scenes bank's lawsuit against electric vehicle maker brings the ceo's long simmering tensions into the open and i've never seen someone be so incredibly vicious.

Recently, you may have known about elon talking to the senate chairman telling him it looks like his pp. Just came. Maybe you know about his commentary to the likes of bernie sanders. Another senator saying didn't know you're still alive.

Well, this particular interaction is full scorched earth. It is, he took him down this jp morgan. I don't know, i don't know what this will do to the company, but i just don't know how it could possibly bounce back after this interaction. A small part of the quiet feud, which pits america's most valuable car maker against the biggest bank spilled into the open.

Last week, when jp morgan, sued tesla in its lawsuit jp morgan, said, tesla owes it 162 million from a trade that the bank helped arrange back in 2014. Just for a little bit of, i guess scale, of how much money. This is okay: 162 million tesla's now worth over a trillion. Typically, bankers seek to avoid public fights with big clients and even potential clients.

Anxious about winning fees and worried about the slightest insult could cost them access slightest insult, definitely going to cost them access now. This is coming from jpmorgan. We have provided tesla, multiple opportunities to fulfill its contractual obligations, so it is unfortunate that they have forced us into this issue into litigation, and then this is when musk hit back. If jp morgan doesn't withdraw their lawsuit, i will give them a one star review on yelp and it didn't end there.

He followed up with this is my final warning now many times in life, you're pushed a little bit too close to the edge for many reasons and that's a it's a personal line and when people cross the line they cross the line - and this was elon's line And he is lashing out potentially rightfully so because of him jp morgan, saying hey us 162 million and i guess elon the world's richest man, who could arguably play this with like the chump change in his pocket, he's gone full scorched earth. He is taking on the world's biggest bank and he is threatening and in i would argue in a form and ultimatum star review on yelp and then it's his final warning. There will be no more one star. This isn't a warning shot.

This is it the next one he will log onto yelp and give it a one star now, obviously there's billions of dollars on the line between both tesla and jp. This is a narrative we should follow, because you don't know the implications that this could have on the greater market, which is exactly why i'm articulating the story to you, because, hey if there is blood in the water sharks will come and right now we have two Great whites fighting it out and i don't see one of them stepping down, so i will keep you up to date on any of the potential fallout of this scorched earth tactic. I just want you to know, especially if you're at all playing jp or, if you're at all playing tesla, maybe you're playing both of them but very, very interesting. I was also thinking about it.

So jamie dimon right here, the ceo of a uh jp, uh, interesting he's particularly against bitcoin. He has public commentary saying he doesn't get it uh. He doesn't even trust that there's only 21 million and then we know elon is particularly a crypto supporter. So i almost wonder if this is just like a classic billionaire versus billionaire, like public relevance, pissing match who knows i'll, keep you updated and we might want to be tracking yelp and see what's going on there.

Speaking of that, like i said, tesla looking good gamestop looking good, we need a boxing match. There's only one elon. This is five stars to me. Elon has too much power uh.

What else do we have uh hang on? I know i have a couple questions here. I'll get back to those uh, it's the next jake paul undercard. How much would you guys pay to see elon musk box, someone, elon musk jeff bezos boxing match two billionaires going into space um if it was a televised event just to watch those two guys like a legitimate boxing match. Like i don't know how many rounds it would be, i doubt they have the cardio to go 15 but like what would be the the market on that someone says one dollar another one says 10k, i mean ufc is like 100 200 bucks.

I'd probably pay a hundred dollars to see all that how that particularly plays out them to them. Even if there's like a huge burst like that's. What's crazy is some of these huge, like record-setting boxing matches uh, maybe as a business generate like a billion dollars in total and then it's getting split up between everyone, a billion dollars? Imagine we're talking about people that, like a billion, probably doesn't move the needle for them. Someone like elon is worth over 325 billion and you're talking a billion it.

When you really start wrapping your head around the numbers that these people are involved with and like what their wealth, is it it's crazy, it's absolutely crazy! All right, let me get this looking good. Looking good um gme, i called out 250. Let's see it's at 246 right now. I also pointed out amc at 44..

I got smacked at 43, but hey i'm feeling confident. We still have 45 minutes a little over 45 minutes. Og still bought more amc and jimmy today i don't know kevin feel is positive. I, like it shout out uh jacqueline lopez.

I appreciate that hey matt long time listener. First time. Super chat just want to say appreciate that all you do and i could get a happy birthday. I'm 27 today happy birthday, that's so exciting! I'm 27.

we're we're! 27 brothers, look at that shout out to anyone else: who's 27, if you're not 27, that's tough, maybe we'll, maybe we'll be the same age a different year, but this year we're going to celebrate everyone: who's 27., everyone who's. 27.. All right, i see some people saying prague. What's going on with prague, prague's waking up, hey matt got a call from my dad today and couldn't answer his question.

He got into a bbby at the recent tip asked me if he heard any internet chatter, but i haven't paid attention to it. Alright, let's pull that up, let's pull up that bbby bed bath and beyond um, so the recent chatter was more so related to um. I believe the expedient nature at which they were going to complete their share buyback. So i like that, that's pretty bullish.

The chart is a nice wedge if it can close above 24 and 25 between the high 24s and the low 25s. If you can get over that hurdle, let's call the hurdle like officially 26. I think it could keep going. I want to talk about this in more detail in just a second, but we're seeing i don't know when he got in, but if he got in here in this mess the alligator crossing over, we have the lips in the red, the teeth and the white.

The jaw and the green a strong trend to the upside. It's trending this thing when it gets trending it likes the trend. I mean, i think it's kind of a good trade. I don't know what his risk is.

I don't know how long he wants to be in it, but i think there is potential like i think it's. I would be more bullish on this shirt than i would be bearish for sure. I have no position on it right now, but looks like it could get going to me. Jimmy is getting going.

Amc is getting going prague. I believe right now and discord. Please correct me if i'm wrong um, it's kind of wrapping up a conference right now. I think they have some sort of fancy schmancy, like white coat doctor fan um like conference that they're at right now, so maybe they're, saying some positive stuff we're definitely seeing some buyers off of this important price level at 440..

How will jp financially recover from this? I don't know i i don't. I have a lot of questions uh if they would even be capable of recovering. They had a webcast earlier today. If that's what you're? Referring to that was 10 a.m.

Oh, okay, so it wrapped up. So maybe that's the reason why it actually sold off was because of maybe not the most positive things being said there. What do you think about pay safe, psfe, psfe, uh gap down? Is this an all-time low yeah? It's catching a falling knife right now. The trend is still very, very bearish.

I was just wondering if they have an alligator over here, they don't do they even have any reasonable amphibians. I actually don't know if an alligator is an amphibian, but let's just pretend that it is anyone who knows a little bit more about the animal kingdom. Please inform me if alligators are amphibians or not are they reptiles are reptiles, amphibians. The world may never may never know.

I don't know if we're ever going to get those answers. If amc hits 50 this week you should take a shot of absinthe um. I would but i have to like get absinthe. I don't have absinthe it's a reptile.

Does that make it an amphibian? Are those not can they be simultaneously the same? I know that frogs are amphibians. Do you think frogs and alligators are related, i'm just i'm the person who's willing to ask the questions. That's on all of our minds. I know a lot of people are scared because you don't want to seem dumb, you're afraid to put your hand up in class and say, are alligators frogs, a lot of people.

You would think that you're going to get laughed at it might be. It might come off as embarrassing, but sometimes you have to be willing to live on the frontier curiosity to get to get the answers humanity deserves anyway. I don't want to get into the whole frog's being or not being an alligator debate right now. We could save that for another day, um back to pay safe.

Looking i don't like to buy at all time lows. I would want to see it kind of bend back around it's just. I think it's scaring a lot of people obviously had pretty negative earnings that missed it, missed by quite a bit dropping drop and dropping. Can i check or text on lgvn i'd be happy to i'd, be happy to lgvn lgvn, nasdaq, uh short interest 56.6 cost? To borrow almost 400 393 utilization 96 shares on loan 652.

000. um. That's for this guy lg vm! This is more of a biotech play. They must have had some sort of announcement, some sort of news that got exciting it gapped down, but then uh quickly did this gap fill today and has been off to the races it's up: 82, it's rip and rip and ripping but uh the or text numbers On it are considerable, i have no position, i'm not really in it.

Biotech is probably the sector, i know the least about. So it's tough for me to just like hop in without like doing a considerable amount of dd like i did with prague. It just takes me more time, just it's not what i'm like. That's not my background.

Uh. Can you please comment on ortx? No one has talked about it: price jumped from 10 13 and in his bottom, o r t x, o r t x, orchard therapeutics. I don't think this is the one you're referring to i'm seeing very different prices whatever this is. This looks like crap this therapeutics company, but the prices that you're talking about seems like a different one.

Uh jacqueline uh are you? Is this the right ticker uh? It's insane how bbg can go up, i mean it has good earnings, it could definitely go up, but it's clearly been in a downtrend, i'm not seeing any buyers on bvig. Hey mark. You made me money. I want to make you money.

Look at bntx it's chasing right now after the gap field, but it has room to go after a pullback b, n tx. It's at resistance right now and like there's this period of consolidation, but if it can maybe get up here dance around a little bit. What is this another? Oh bioentex, so this is the one that's um paired up with pfizer to they've, helped create the pfizer vaccine and right now, with the booster getting approved and everything it. It makes sense that this one's going up.

Oh jaclyn, i'm saying when you're saying the price target, for it is 10 to 13. um. I judging on the chart, i don't know much about the company fundamentally, but judging from the chart, that seems like some wishful thinking right now. Maybe the company wishes it was at that, but i just people are not buying it up to that level.

Matt. How do i make money selling cover calls? Do i need the price to go up or down to make money? How do you lose money on a covered call, so a covered call is when you you make money, you are selling premium at first and you get to keep the premium if you get to the expiration date and the stock is below the strike price uh. So let's say you did a tesla covered call for this friday at 1 200.. If tesla is at or below 1200 you want it below you, you keep the premium that you sold it for because it's a net credit situation.

So you were credited money because you sold premium and then they're not going to execute it if it's below, so you just get to keep that premium now if it goes above it, let's say if you somehow have 100 shares of tesla, which would be quite a Chunk of change um the risk to you is your profits are capped at 1200 in terms of your shares. So if it goes to like 1250, you wouldn't miss out on that run-up, because you have to give up your shares and you're going to get paid 1200 for it. So, even if it's at 1300, you would miss out on 100 per share, but you still keep the premium. So when you sell covered calls, there's not a way for you to lose money, there's just a way that you could play it in a sense that you don't make as much profit.

Potentially. What are your thoughts on bb? Also, thanks for helping me make money in the past few months rich, i mean i'm happy that my frog and alligator conversations is somehow relating to your knowledge of the market. That does make me happy. Uh, blackberry, honestly, seems a bit boring.

It seems range-bound, it's just not a strong trend and that's exactly what this indicator is for. This alligator indicator these three lines: three different, simple, moving averages with different smoothing, um factors when they're all crisscrossy like this - that tells you it's a non-trending, whatever time frame you're on i'm on the daily for blackberry, and you could just see it. It's done a very good job of going nowhere ever since july. I just don't see a strong trend and when you're not trending, it's it's kind of tough to make money.

Unless you're just selling premium opinion on https, they get sue for lying and opening a high price and feel like it's undervalued. It's the amazon of turkey, wait if they got sued that doesn't sound like a good thing: uh d market, electronic services trading - i don't know if i'm looking at the right chart, but if this is the chart, this looks very bearish to me. Uh, i think rivien is currently fundamentally overvalued, but it was also at one point if it holds 115 that might be fine, but if he can't hold 115 i'd be watching 100.. I just like to play it from level to level to level hey.

Mark 24. 7. Audio listener since january, thank you for your daily dose of humor. What's your opinion on td ttg's course also give riley a fat juicy kiss from me um, so i myself have not taken ttg's course, so i can't really comment on it.

Um. I have had interactions with the people who run ttg. I think they're stand-up people, which is hard to find in the world of like paid trading courses, um many people who happen to go into ttg happy like they seem to be enthusiastic um. I believe that they have some sort of money back guarantee.

So if you start it up and you do it for the first week and it's just not for you - i believe please don't quote me on that, but i think there is a money-back guarantee. But overall i like to judge it on the current students and the current members and how they feel about it and to my understanding. The current members and students of ttg always seem to have a smile on their face. But i think that's the best way.

To judge a training course is not by like the fancy ads and that, like literally just dm or message people who are members and be like, do you like it? Is it worth the money? Okay, justin just said money back guarantee is a bit more involved than that. Okay yeah, i'm not two for like, like i said i haven't taken the course um, i'm not like a member of ttg like a owner or anything hey matt. I love this stream. You've read a lot to the community.

I sent you idea and twitter under my wife's account julie, hope you can take a look. Okay, thank you. Bud, uh thoughts on shorting oil prices using the s-c-o-e-t-f s-c-o uh bloomberg crude oil. You know i've never actually used seo myself.

The common one that people use is uso uso seems to be a lot more similar to actual crude oil right now, in terms of like the chart setup, let me check out this other one gosh uh. So to me s co. This one in my opinion, looks pretty different alt. Well, that's because this is the ultra short, so this is going to be moving inversely than normal oil thoughts on shorting oil, so you're saying you want to buy seo.

You want to go long on seo because you think oil is going to drop, i mean so. Let's look at oil they're going to move inversely. Yeah oil looks pretty weak to me. I mean i think the entry was probably closer to here.

78, so you're you're chasing a little bit, but there's a lot of rumors that there's pressure on the president to use u.s reserves and if he releases those reserves it would drop the price of oil. So i think that like government thesis is there, but it's also the government, it's politics: it's not the most predictable thing um, but if you buy seo, if you buy it, that means you're, inherently shorting oil, all right. What else do we have avpt avpt thoughts on the potential gap fill uh? Maybe, but right now it's just you're catching a falling knife, which is what you don't want to do. There's no one buying this red red red red selling, selling selling selling selling selling um.

There's way more supply than there is demand, so maybe if it starts the swing background, you can play it, but even that has like small ranges: small volume, low volume for a cheap stock. I think there's better plays out there. Better plays okay, so um gamestop looks great right now. Uh 246.

We even have amc hanging out at 42., uh gme, crushing it up. 7.5 amc up 2.5. Things are looking amazing. This is exactly why.

Yesterday i tweeted when i was doing my like i like to do a lot of chart review over the weekend um and the gamestop i i was blown away. I mean i tweeted out there yesterday of how good this chart looked and i'm still looking at 250. Like maybe today i mean we have 30 minutes, it's totally possible, but i'm hoping the enthusiasm in this gets amc to break 43 and then i'll be paying attention to 44. all right.

What else do we have? What else do we have all right? Speaking of here we go. Let's talk about gme and, more specifically, i want to use this as an illustration for the alligator indicator. Why have i been talking about alligator so much? Well, it's an indicator that i've been getting more and more questions about. So i do want to share a little bit of the math behind it and, more so of how you can use it when is it appropriate to use when is it not appropriate to use and what information in terms of better trades, can you actually glean from This particular indicator so, first of all, once again it is the alligator indicator, and it's on this one, if you're using training view it's the williams alligator.

If you want to check out this charting software known as tradingview, it's in the link in the description below just so you know, but anyway, let's open it up. So you have three different things: the jaw the teeth and the lips. Uh, teeth are white and i know if you listen to mama boucher like that's, why alligators are always so angry is because they can't brush all their teeth, but anyway, teeth are white uh. My particular alligator uh cares about they're a fashion forward in uh alligator, so they have a lot of red lipstick on and then a jaw is green because, of course, all alligator jaws are green unless they're not green, then that would be a counter example to this Particular rule, but i just want you to know the colors.

I hope this is easy. Red lipstick, white teeth, green jaw alligator indicator. So what is the alligator indicator? Can i move this over here? As you can see, it's three distinct lines and they're actually all different simple moving averages there are, i don't know why that's not coming up right now. There are i've seen it in the past where people will use like a weighted moving average or an exponential moving average.

Yes, that's true, it happens, but it is also going to be a little bit more of a rarity most of the time. Most of the time. It's actually going to end up becoming um. The most common form is simple, moving average, so you're going to have faster ones and you're going to have slower ones.

So, let's start off at the lips, the red lipstick. This one is going to be the five period. Simple moving average, the teeth are going to be the eight sma simple moving average and then the green is going to be the 13. So it goes 5, 8, 13, just like the fibonacci sequence.

But beyond that, there's also a smoothing factor and when i say smoothing it's exactly that um. Instead of being so like whippy and choppy, you help smooth it out and it's also sometimes being referred to as an offset, and it does increase the lag. So the smoothing factor on this first one is going to be three and then on the teeth. It's going to be five and then on the jaw.

It's gon na be eight. So once again, just a very quick review. We have three different, simple moving averages. We have a five period, an eight period and a 13 period lips teeth jaw, and then you also have smoothing factors which just it's a little bit of lag, and it makes the lines a little bit nicer of 3, 5 and 8..

That's the common setup. So now that we have the numbers and what's going on basically three simple moving averages, this is great for trends, whatever time frame you're on right now, we're on gamestop's daily chart, you can pull this up on whatever chart you want to, but this is all about. Is it trending or is it not trending so when you think about it, when it is trending and the way bill williams, remember the williams alligator indicator, that's the guy who made this up. He kind of referred to it as like is the alligator asleep or is it awake so it would be asleep when it's non-trending when there's a lot of chop.

This is it's a really sleepy alligator, it was out partying, it didn't know what to do. It slept in it missed work, it's managers yelling at it uh it wasn't able to live stream on youtube one day. It was asleep but other times the alligator is very much awake and in this scenario you can see that it's eating up the market eating it's its jaw is opening. So recently, let's use gamestop from roughly august to september um.

There was a nice trend crossed over alligators, still awake and then once it starts to cross like you're using it for the trend, like is the trend intact, so no trend, no trend. You get some crossy like chop right here, but most recently on amc or excuse me on gamestop at the end of october, the alligator was clearly awake and we see this beautiful trim. So obviously, the farther apart these lines are that's going to be a very strong trend, so the shortest time frame is going to be the most responsive, the lips and then the biggest time frame the jaw down here. Remember: that's! The 13 period is going to be the slowest moving one and that's why you see the red line? The lips are a lot more reactive now getting into strategies.

So we know that this is to identify a trend. Is something trending on whatever time frame? Yes or no, it can trend to the upside, and also previously, you can see that there's established trends to the downside, um and it's when it gets all choppy that it's not trending. So with that, we know that this is to identify a trend. Now: hey, hey guy! That looks like like he's what from the neighborhood, mr rogers, how can i use this like? Okay, i get that it's a trend, but when do i get in when do i get out now? Obviously, i'm not a financial advisor, i'm not telling you to actively trade, but i'm just trying to say hey.

This is how you could apply this particular indicator. So at first, when you look up any of the, i guess, write-ups dialogue listen to any of the videos. It's just going to talk about crossing so right here. You could see that okay, all three, it goes lips teeth jaw in that order, lips, teeth jaw and that's an uptrend when the lips are on top the jaw's on the bottom.

So all three as of i suppose we could call it november 8th november 9th in here, not necessarily the best entry. In the end, it would have worked out for you because it didn't cross back and you wrote out the trend and that's the uptrend. And then, when you have the downtrend right here, you have jaw teeth lips, the lips, the red one's always going to be leading the way, because it's the most responsive, but anyway, roughly around january 28th. That would have been some sort of cell signal, whether you're getting out of a long, whether you're going short whatever it is.

That's how you would interpret that, because all three are in the same direction. Honestly this one would have been uh eyed up july, 7th. My point in bringing it up is when you have all three already in your direction: you're, usually late to the party. You are typically very late to the party if you're waiting for it to already look perfect there you're not getting your best entry you're, not getting your best exit.

So, in a little bit of my back testing, when looking at just the best way to use these three smooth, simple moving averages, i think it's actually more interesting. We know that the red, the lips being the most responsive, well you're gon na see that jump. But then the question is: can you get in before the move and i think sometimes - and this is gon na in my opinion - be true with a lot of indicators? They're best utilized when they're really you're seeing movements in conjunction with various other indicators, i would never just use the alligator. I would never just use rsi or just use macd.

I like to see if things are in agreement across different types of indicators, because they all tell you a different, a little different spin on the same story. But anyway. If we were just using this one and of course you could line it up with a boiling bin um stoichiosic any of that stuff, like whatever your favorite is, but for this one, particularly i like to see when the bars actually all close above or below. All three so, for example, on november 1st you'd be talking about it because it closed above the red, so it closed above the red, the white and the green.

But right here we saw that the red was on the bottom. So now we're going to the upside because look how responsive and whippy it was and then, if we just scroll back to here, all of a sudden, you have this trend and this trend in this trend. And then the question is okay like: when is the trend actually over well, all of a sudden, now you're closing below it and then right here you actually close below all three. As of i guess, the 18th to 21st and then all three followed from there.

That's one way: i've seen this in the past, where people like to use it with something like the 50 or 200 day moving average is the chart above the 200. Is it below it? Is it above the 50? Is it below it and if you're above or below, it's playing it in that direction? So it's still like many other things in the market when you're using technical indicators you're using it as another filter, and this one is particularly a nice filter for is something trending. Yes or no and then those are just some different potential entries and exits, are you going below two on top? Are you on top to below one way, but i would highly recommend using it as a portion of your prerequisite list for your entries and or exit. But once again, quick recap: williams, alligator indicator.

Three different, simple moving averages, the five to eight the 13, and then it has smoothing factor of three five and eight respectively. It goes lips, the most responsive, the five then the middle one. The teeth is uh going to be the eighth, and then you have the jaws. I set these colors up just because it makes the most sense in my eyes to like.

Remember it this way and figure out what's going on, but yes, that is the williams alligator indicator and you could easily track it down on trading view or most likely any other charting software you have. It is a pretty popular indicator all right. What are we going here? Uh thoughts on all right. We did that excellent lesson is why we pay you the big bucks more of this, please, i didn't know the indicator and i'm stoked uh.

I do now you're the man yeah. So if you guys want that, we could actually probably do um an indicator per day per every other day. I know this morning. I was talking more about like white, cough accumulation, distribution and methodology.

That's going to be a little bit longer of a talk. It's a little bit more complex, but i could do like a full-fledged discussion on that and then we could literally just go down the list of indicators. What is this? What's the math behind it? How to use it next day do a different one, and then i can clip all those segments and throw them up on coors light. I recently read a book on ta and trying it was good, but not like this.

Can you potentially look into doing something specifically in indicator class and how and when to use them, but also why you have a great way of explaining it? Oh happy too, and this is the stuff i like like - i don't want it to be behind some sort of like paywall i mean i like this stuff. I use the stuff it's fun to explain and i, like i, i remember some of the my own hurdles when i had to learn about the stuff and the questions i had and it's i don't know, i think it's better to do it this way, but it's Kind of interesting when i was uh recapping to make sure that i was getting all the explanation of this right. I was finding some factoids about just general market analysis, so most of the money you're gon na make, i'm always saying, is it trending um? I was actually finding some information on how often do equities and the market actually trend. Um.

Surprisingly, it's only 15 to 30 percent of the time, the other. What 70 to 85 percent of the time is chop, so that tells us that should be reinforcing your mind of you, don't need to trade every day. You don't need to be some active trader who's like dropping into the jungle. With your machine gun, you don't have to do that, be more of the sniper.

You want to be there and just wait and wait and wait, because the money comes from trends. Trends only happen 15 to 30 percent of the time. According to some of the data, i was just reading up: um wait, patience, patience, patience, patients, patients, patients, patients pays uh. Let me actually bring it up.

So once again we looked at it on the daily, let's throw up the williams alligator. So, even right here, if we were on amc today, so obviously the trend was nice. But look at this right here, close below all three close below all three and yet see. This is sometimes when you have to use an indicator of cover up the chart, because, like a lot of the times, you're using the fact that you know how it goes and then all of a sudden in your brain you're trying to fit the pattern to it.

And that's a mistake: i made a lot when i was trying to figure out indicators. It's like! Oh, like you want the indicator to work. Everyone is looking for like the best indicator, so i think there's almost a bias as you're doing your research. You have that hope, because you, like you, want a nice methodology to work out so when you're looking at it drag the chart and literally hide because this is what you see in real time.

You do not know what's coming next and ask yourself: would this have actually worked like don't don't do your breakdown when you already know how history played out hide it? So what i was saying before, like sometimes, if you're waiting for all three to cross? Well, all three didn't cross till here and that that's pretty late, that's actually very late. Well, when i was saying before look at this okay, it was up trending, but then you had the bar close below all three. So it's just there's inherent lag to this because of the smoothing aspect, so you want to be a little bit more responsive and then let's look for the cross back over. We don't know what happens.

We don't know what happens boom right here. So 41. 26. We know we're above the 50.

We know we're above the 200, so maybe we're potentially looking for entries, so even though they didn't all cross over we closed this bar closed boom boom boom uh. You would have been sweating a little bit, but in reality you would have held - and let's just say your you could actually like - set up your risk as like the bar closing below all three again. So at that scenario the risk would have been like whatever the bottom is, is the moving three lines. So you got in right here.

Around 41 25 25-ish. You were sweating a little bit because you're about to cut it if it closes below all three, but it never happened and you were able to ride it up and up and right here technically if this closes below. That would be your exit signal so 25 to 70 and, like that's small, and this is day trading and i'm not saying i'm being supportive of day trading, i'm just trying to show that there's certain ways or actually what you could have done was you were riding It to the upside - and you had this first closure right in here, so you could have got out a little higher, but even in the worst case scenario. Well, not even because technically it didn't close it below, so your trade might still be live.

But that's my point: that's what you mess around with that's how you develop a methodology, that's good for you! Do you only look for long positions if it's above the 50, the 200 and as soon as you get this trigger? Okay? Well, what's your exit, you test? It you write it down, you get a journal, you get an excel sheet. Okay, i you exit when it crosses over the lips. Okay, what's better that, do you want to look at the teeth? Do you want to use all three? That's the exact thing that you can easily test easily test, and do you like it on a smaller time frame? Do you want to use it on the four hour chart? Do you want to use it on the daily chart? Those are the little things that you make it customized to your personality and your account size, um, there's not trading is not a game of like one one size fits all. It's not that whatsoever.

Let's see how it would have worked on gamestop, all right, so gamestop. Let's say you came into the day, knowing you looked at the chart and you're like nope. This is bullish, i'm looking for an entry, so you because of the this, is how um i've thought about things in the past, and this is how many traders think about things you're liking the chart. You know you're chasing a little bit, so you need to be a little bit more careful with your entry.

When could you have possibly gotten in well? We all know that you're a very safe trader and you don't trade in the first 15-20 minutes of the day. So that sets us up to here and you're like all right. Well, what's going on it went up, it went down you're, seeing a little bit of chop, not really much of a direction it ripped and you're. Like ah shoot.

I guess i missed it, but it never presented that opportunity for you to get in and that's completely. Okay, sometimes you have a bias, whether the upside or the down sign, and you just never saw your opportunity and that's cool you're, a sniper you're, not this crazy person who's just showing up like wild like wasting all your ammo. You don't want to just shoot up at the wall and like now, you have no more ammo to spread sniper sniper sniper all right, so you're waiting, you're waiting, you're waiting, you're waiting all right. Looking a little bit bearish looking a little bit bear all right.

You're! Happy that you didn't create a long position, you're very happy, and now it's to the point that you're below all three so you're. Looking for a like a change of behavior, a change of trend, uh and you're. Looking for that explosion, above all three and you can risk either the most recent relative low or another closure below all three, so we were bullish, but you missed it because you were waiting, then it went bearish. So you had a smile on your face and you're waiting.

You're waiting right here, boom 238 technically, would have been the trigger right here. You would have gotten in. If, if you were to have used this methodology, you would have gotten at 1225 today right as it closed above all three and you're, either risking the most recent relative low of 233 or a closure below all absolutely no reason to get out. Oh no! I'm frozen son of a nutcracker, is this just youtube or is it on all of them? Hello, one is the loneliest one two can be as lonely.

Do i need a hard goodness one is the loneliest one two can be as lonely as one, but the number one is the loneliest one. I'm on twitch twitch is working. I think it's working - oh golly, golly golly, all right time to hang out on twitch twitch, fam, twitch fam, oh youtube, someone said see you later alligator. Oh, that's the funniest thing see you later alligator.

Am i back. I don't know it's working. We back. We back.

We back, we back, i don't know how's it going on rumble. I hope people on rumble. This is this is why we're on multiple things, folks, um sorry, but there was a hilarious comment. Someone said see you later alligator, so that was that was actually really really funny so anyway, back to the example, you're coming in you're, all hot and bothered and you're like i want gamestop, you waited for your entry.

You got in here at 238, damn well knowing you're, risking either 233.50 or a closure below the three lines, but you went long all right and you're waiting, you're waiting, looking good, looking good uh, oh sweating sweating, but you get out nope didn't close below all three. So you're still in you, got really close but didn't close below all three so you're still in in in in in and actually to the point that you're in right now you're in right now, um, let's, let's run it on tesla. I don't know how this works. Let's just see how it goes all right, i don't know what your bias would have been on the day with tesla.

How did its daily chart look? Its daily chart is pretty bullish, so let's say that you were bullish heading into the day on tesla. Well, like i said you wait those first 15 minutes, thus far, nothing is fired for you, so you're jealous you're like oh, that sucks okay, maybe maybe it doesn't suck so much oh down, okay, bearish, whoa, whoa, whoa, whoa, all right now, you're! Looking for your entry, you want to close well right here. You would have got in at basically 1180.. You would have ended up entering right here and you're, either risking 1133, which is wide or closure below all three well at first you're like crap crap, i'm like the mac course of trading tesla, oh nope, it bounced.

I got lucky whoa, whoa, whoa whoa, and then this one you would have got stomped out right here. So this one would have cost you ten dollars per share that one would have been a losing trade um, but you would have re-entered right here at 1175.. So this one it didn't work out, it's not always going to work out. In fact, this is probably the best example i could show you is sometimes they don't work out so right here, you're now down ten dollars per share because you got stomped out it happens.

That's life. You can't cry over spilled milk, but you re-entered right about here, 1177. you're in you're, in you're, in you're in and then this one you lost another two dollars per share. So once again, this is a good example of.

If things aren't trending you get chopped up, the alligator is asleep: alligator's, asleep they're, not working. How could an alligator who's asleep make any money? It doesn't make sense. You know we're gon na have to go into a bunch of the archives of steve irwin, but i'm pretty sure he's never shown a sleeping alligator that made money. So when it's choppy and messy like this, that's not the environment to do trend-based trades! It's just it's! It's all messy, it's all messed up.

So if anything, i think that's a good example, and then maybe you got so pissed off so right now, you're down 12 dollars a share that you did so. Let's say you got so mad and you're, like you know what i hate tesla, i'm going to short it. Let's see how this plays out, you would have entered at 1174 and actually, at this point, you're already now positive on it. If you decided to take this this signal right here, uh recently uh the high was 249.64 on gme, which means i was off by 36 cents of my call on this one.

I request the high pitch alvin and chipmunk's voice for the remainder power hour. Thank you. Good store good, sir uh jeff. I think that would make a lot of people hate me uh, kinky kong.

I appreciate that shout out cody becoming an astronaut hey. Can you look up snap? I have some calls expiring on the 26th, so actually in discord. Someone had asked me about that. It's looking pretty weak to me, um, i don't know what your strike is.

Your strike price, the 26th, so you have four days. I don't know your strike. Is i'm just not seeing buyers step in? Fortunately it is that support. So maybe this is it like as long as it holds 47.50, but even if we are using this trend, the trend is still bearish.

There's no crosses here. It's slowing down these lines are getting closer to each other, but um. It's still bearish, at least in the short term. Hey matt investors underground has an intro course that talks about stuff similar, but it would be great to hear from an ape land.

Not financial advice would saving money for a big buy, be good, but would be good to hear from an ape land um would saving money for a big buy be good like i'm, not sure if you are referring to um like the course being expensive or like Just the stock darkened flames um. If it comes to the course there's a good chance if you're disciplined enough, you could like find what you need to on the internet for free, um good chance. I mean i don't know about investors underground i've. I haven't worked with them.

I don't i've never taken their course, so i can't say anything good or bad. I'm just saying in general um there's not many trading courses. I actually like trust. A lot of them.

Uh have like pretty strange reputations, but if you're talking about a stock i mean i think people should always invest like i'm. I'm a fan of p people putting money generically into the market. I think the earlier you start investing the better off matt, i'm confused about the drama, video literally who would have beef with you doesn't really know you, you are an amazing dude, keep it up. Oh.

I appreciate that. I think people are just mad that i make money and i don't know sometimes i could be perceived as a pretentious which i think upsets other people, but i don't know i'm not everyone's cup of wine, as anna would say in discord, i'm just a few people's Plastic bag full of gasoline, and i'm alright with that hey thoughts on k-i-r-k squeezy potential k-r-r-k. What is this kirk? Is this kirkland? Okay, uh? Let me see if it has any considerable short interest. Why is it not coming up kirk kirkland trades on the nasdaq uh? We have a short interest of 13, so it's kind of there, but i think an important aspect of squeeze potential is how much of the public is supporting it, and this is the first time anyone's asked me about kirk.

I know you're especially hated in pittsburgh. Oh, that's a good one: jason jason gets the gold star of the day. Everyone very excited about lg vn um. It's super chasey right now, like it looks good, but your opportunity most recent opportunity was to get in here at 1920 or, let's just call it 20 bucks risking 17 and that's even chasey um.

This is, if you're not already in it, looks good but don't chase. I'm begging you not to chase chasing it works out and then it works. It works until you end up blowing up and all the gains you made on your previous chases like disappear into the ether chipmunk voice. Now jk love you bro.

Thank you, jeff saving money. Regarding sniping waiting for the right train investors underground has the intro beginning for free hope. That makes sense. Oh yeah, it's so much better to like wait for high odd setups, but even with that, you don't go all in you, don't ever risk all on one play.

That's not really trading or investing that's. I guess gambling and that's fine. If that's what you want to do that, that's completely fine um, but even the best setups don't have. Nothing, has there's no such thing as a hundred percent accuracy.

The only thing that continually works out in the market is me losing on tesla if you're talking about anything beyond that, there's no such thing as a hundred percent accuracy um. So that's why it, and this gets a little bit more mathematical. But it's in terms of just risk management and how much to bet per play. But i think to start off.

You should probably get going with like actually logging your trades and then, when you see that you have higher accuracy and higher profit potential on certain setups well yeah, it makes more sense that you'd be willing to bet more money on those types of plays. The pitston thing is hilarious. Uh. What else do we have going spy decided to jump off of a pier, oh golly, all right.

So let's say you entered right here at 471, you're like hey the market's overpriced. I don't like pal. I don't like. What's going on.

I don't like pelosi, i don't like the infrastructure bill. I don't like the build back better, whatever the hell, it's called, let's just say, you're, a negative nancy and you're like i want to buy spy puts. I want to short the spy down with the market. Let's say that was your attitude: well, your entry would have been right here.

You would have gotten in at 471 and you would currently be up and on the other side of it you would have gotten in at 472.60 and then you would have ended up getting out right here at 471, so you would have two profitable trades and that Would have been your first trade because you're not going to trade right at market open? This is chop. This is chop um. If you wanted to go long, you would have gotten stopped out pretty quickly. You would have gone again.

You would have gotten stopped out. You would have gone again and at this point you would be boiling. Your blood would be hot. There would be steam coming out of your ears.

You go along, you get stopped, you go along, you get stopped, you go along. You get stopped this time. You would have gone long, you would have gotten in around 471. You would have gone out for break.

Even so, today was just not a day to go long on the spy. But if you had went short, you would have had two beautiful trades, one currently being active. Where are we at one minute? Until market closure, uh drama, vid winners, you decide best mustache best, hair, best background tough contest, appreciate all the community educators and take my money. So take my money what's going on dollar uh, who is that girl, you and trey with were with last night all right? Let's not, we don't need to squash drama, just to create additional drama uh.

Can you look at hood alligator thing yeah! Well, hang on. Let me do it right when the market closes we'll do it. Let's watch the closure oops. I should probably get on stocks.

If we're gon na watch the market close three two one ding ding ding, the casino is closed. Folks, that's it! For monday november 22nd, someone just very quickly asked me about hood: let's look at the daily with the alligator, the daily um um. If you wanted to short it. Well, that's tough, because you're waiting for the bars to get like created um.

So let's say you were waiting waiting waiting and then you got in right here uh you would have taken a short position at 43. You would have been like this is boring. This is boring, you would have started sweating, but it never closed. So you held you held you held and you would still be holding the signal for you to go short would have fired back here on september 30th.

If you were using this methodology, you almost got stomped out on the 21st, but it technically didn't stomp you out. So you would still be holding um okay, so overall, here's what you need to know: uh interesting, start kind of a weird day with the new fed and all that good stuff, and remember it's a shortened week. So things are gon na naturally be weird anyway. The market is closed on thursday and observation of thanksgiving and then on friday.

It's a half day. The market closes at one just so everyone knows for me. I will be streaming tomorrow normal schedule tomorrow, but most likely will not be streaming wednesday, thursday, friday thanksgiving thanksgiving, fam or uh wedding. I have to go to down in texas.

So that's my personal schedule just so everyone knows, but tomorrow is a normal day. Um. Speaking of normal days and everything i'm streaming tomorrow, starting 9 a.m like normal, but then i'll be posting update. Videos on this channel tonight of like what happened in the market today and also the clips of whatever happens on stream end up on coors light.

So don't forget to check out coors late pet check back today for the market update video, don't forget about twitch. Don't forget about rumble all that good stuff. But, most importantly, i truly appreciate your support. It trusts me.

I see it. It means the world to me and, as always from me and share best of luck in the markets, you.

11 thoughts on “Amc, gme, lcid prog: astronauts, standby dumb money w/ matt ep 156”
  1. Avataaar/Circle Created with python_avatars C M says:

    Yeah! Positive Point well taken. 'AL from Boston' content eye opener have also contributed to support the cause, and it's in alignment with his message and the Apes community stand

  2. Avataaar/Circle Created with python_avatars mark riley says:

    Amcbiggums

  3. Avataaar/Circle Created with python_avatars Caryn K. says:

    Tesla bull here. My Tesla stock just bought me a Tesla. Elon you rock, no matter what you say.

  4. Avataaar/Circle Created with python_avatars nogravitycrypto says:

    Great content

  5. Avataaar/Circle Created with python_avatars Scott C says:

    I am laughing so hard and it feels so good to laugh I had forgotten how good it feels thanks for making me laugh I appreciate it go eggs and always to the moon

  6. Avataaar/Circle Created with python_avatars Angelina ATF says:

    Heyyyy โ€ฆ I just happen to own ALL of thoseโ€ผ๏ธ๐Ÿ˜Ž Love ya Mattyโ€ผ๏ธ๐Ÿ™‹โ€โ™€๏ธ

  7. Avataaar/Circle Created with python_avatars Marcus Wilson says:

    Celebrity death match

  8. Avataaar/Circle Created with python_avatars Christine Willis says:

    I'm always grateful for your insight Matt. Keep em coming.

  9. Avataaar/Circle Created with python_avatars Cesar Q says:

    What happened to AMC talk? Whereโ€™s Roensch at?!

  10. Avataaar/Circle Created with python_avatars Velvet Jupiter says:

    Matt, why donโ€™t you read any of the DD that Gherk puts out that is correct most of the time on GME?

  11. Avataaar/Circle Created with python_avatars globetrotter17 says:

    Bottom line… Matt sold out MONTHS ago and it killed me that no one
    else seemed to see it. I initially enjoyed his AMC chart reviews. He
    lost me the day I felt like I was watching an infomercial for some
    energy drink he was promoting!

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