BEAR TRAP?!?!
Stocks, Crypto & Breaking News
The Matt Kohrs Show
New Channel & New Video:
How To Successfully Trade Options: https://www.youtube.com/watch?v=CZF1U_ZldHs
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โ Goonie Trading Group (FREE w/ Code "GOONIE"): https://bit.ly/LocalsMG
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00:00 Intro
01:33 Bear Trap?!
04:24 The Market
07:12 Dow Rises
09:39 Prison Staff Misconduct
11:28 Recession Fears at Bay
12:59 What to Watch For
15:48 Microsoft News
18:34 Working For Citadel
24:45 Bankruptcy
26:20 The Inform Act
27:39 The Week Ahead
28:49 Seasonality
29:25 NEW CHANNEL!
29:58 My Trades Today
#Stocks #LiveTrading #BreakingNews #Live #AI #AITrading #Bitcoin #Ethereum
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.
Stocks, Crypto & Breaking News
The Matt Kohrs Show
New Channel & New Video:
How To Successfully Trade Options: https://www.youtube.com/watch?v=CZF1U_ZldHs
Video Sponsor
Goonie Trading Group (FREE w/ Code "GOONIE"): https://bit.ly/LocalsMG
Sponsors & Affiliates
โ Goonie Trading Group (FREE w/ Code "GOONIE"): https://bit.ly/LocalsMG
โ Streetbeat Robot Trading (FREE $5-$5k w/ Code MATT): https://bit.ly/SBKohrs
โ Charting Software: https://bit.ly/GoonieCharts
00:00 Intro
01:33 Bear Trap?!
04:24 The Market
07:12 Dow Rises
09:39 Prison Staff Misconduct
11:28 Recession Fears at Bay
12:59 What to Watch For
15:48 Microsoft News
18:34 Working For Citadel
24:45 Bankruptcy
26:20 The Inform Act
27:39 The Week Ahead
28:49 Seasonality
29:25 NEW CHANNEL!
29:58 My Trades Today
#Stocks #LiveTrading #BreakingNews #Live #AI #AITrading #Bitcoin #Ethereum
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.
Foreign. Thank you brother! Welcome back to another episode of the Mac Coors show where I just got a haircut. That's the big announcement. You're living it right now in real time.
Your boy got a haircut, your boy got a haircut, and that's not the only reason. it's a good day if I'm being honest. If you're looking at the markets, you know that everything's rippity, skippity doo dah with a half hour to go. despise up 1.2 percent accuser of 1.9 Apple's up 1.6 Microsoft's up too and videos up 2.9 Tesla's up 3.3 So the fact that I got a haircut is not the only lucky aspected today.
Do you guys want to know what another lucky aspect of the day is? the fact that around lunchtime when things seemed a little strong, your boy yellowed into 300 call options 300 a three, followed by zero followed by another zero. that's how many call options your boy was in and I'm happy I did it. It was degenerate as could be. As degenerate as could be, but fortunately it paid for some of my losers.
So I'll show you all of that I know a lot of people in this content game. they talk a big thing like ah, look what I did and they always cherry pick. I'll show you all my trades from the day I don't care I'll show you my full account, we'll look at all filled orders I'll show you where I got out of my losers and I'll show you where I got into this big winner and I'll also show you how I've been uh, scaling out of it. It was full-on degeneracy.
My heart rate has been 200, 300, 400 all day. but hey, I suppose it pays to be me, it's supposed to. it does I mean a haircut and 300 YOLO calls on a day like this I mean that's this is what's up a DFT that really ended up paying off so it's going to be exciting if you want. If you want to know what goes on more behind the scenes, sign up for the Moon game Community Pinned to the top of chat in the description of the video Mac Where is that low Locals.com The reason I'm bringing it up to you is because in the future it's going to be connected to a Discord I Need to figure it out.
Right now, it's ten dollars a month. There is a free version where I give you all the seasonality and everything for free. There is a paid version. The paid version will eventually be connected to a Discord Right now, we're still using it I Post my trades.
Other people post their trades. We have some good conversation, good jokes, good memes, all that good stuff. But the price will go up when it is associated with the Discord just so everyone knows. So if you want to get grandfathered into a better price, it's ten dollars a month 100 a year macross.locals.com pinned to the top of chat in the description of the video and with that out of the way, let's talk about all the craziness in the market.
Let's talk about everything that's going on. Look at this. Look at this rippity skippity freaking doodah. The rippity skippity doo da I mean the Spy almost tagging 437.
Well how much time do we have left? We have 28 minutes left. I'm curious if it's going to keep going because out of my 300 I have 50 left I have 50 of my call options left. so I still need to get out of a sixth of my position before that Bell goes dingy ding ding ding. So as I'm going through all of the updates, it would be much appreciated if you guys basically let me know if we are breaking down below this because that would not be good for me if we break down below 40 to 36. I should probably pull the rip cord, but on the flip side, if we get above 437, it would also be much appreciated if you could, you know, keep me like apprised to that particular situation. Why didn't I keep you updated uh on calls and locals like because I didn't want people copying me on like I don't want anyone copying me ever and you have to understand how degenerate it is when I get into it. it's I don't want everyone to be like oh man like I should buy this lottery ticket too because you don't understand that the odds of actually winning a lottery ticket are absurdly low. crazy low and how dumb would I have looked of I had all these puts they blew up I gave everyone my risk on that I'm like well if this breaks out, this breaks out.
unfortunately everything broke out so all of my risk got hit and then I was like well hang on if I lost on that and now I do something dumb and degenerate and now everyone loses more. The the point of knowing my trades is never to copy me I don't want anyone to copy me I just want to be honest about my trades I want to show what life is truly like as a Trader you have wins, You have losses I'm so sick and tired of these people who are like oh I just went every single day Green Green I'm the best ever and I'm only I'm also 20 years old and blah blah blah I make hundreds of millions. It's like no, you don't If you did it that well, you wouldn't be doing content. You'd be running a multi-billion dollar hedge fund.
My whole point in doing this stuff is just to show some transparency in the world of trading because I think we now have this weird Frankenstein monster when we get the connection of social media and trading and it's there are many charlatans out there, there are many liars out there and I'm just putting my efforts forward to like show that it's it is. So anyway, I'm gonna show you all my trades. I'm not gonna hide it from you I will show you everything I'll bring up my Weeble account and you can see what's going on. I actually had some nice Futures trades too.
but I don't think there's many Futures traders in here so we'll see how it all goes. but the market is freaking ripity skippity actually. I See, this is coming back. Should I just cut right now? I'm in at 55.
they're trading at 127. I'm about 131 132 percent. Oh, 50 left I have a sixth in my position left. Well, we'll see.
Just let me know if this is breaking down or not. Dow Rises 200 points Heads to the first winning session in seven. So yeah, if you've been checking things out, you know that the market has been coming down. down, down, down. But this is right when I knew that I was like ah, I'm screwed in the bearish direction so we still have the 20 and the 10. EMA I think I need to sneeze. be better than this Matthew be better than this Matthew Don't sneeze. don't sneeze.
You are the master of your own body. Okay, anyway, yes, the market has been ripping the longer term Trend some consolidation. a clear push to the upside and even though the EMA is the exponential, moving averages are going a bit sideways. the 10 is still on top of the 20.
So that's bullish. Another thing I want to point out is that even though in the very short term we've been coming down lower highs, lower lows, it looks as if we might have potentially bounced here. And The Telltale sign for me of what I'm seeing in a bounce is this three bar setup. This bar, this bar, and the current bar we're working on.
We go from a higher high to a lower high to a new higher high. and the same thing with the lows. we go from a higher low to a lower low to a higher low. So basically within that metal bar on both sides of it is a higher high and a higher low.
It's the middle bar that is evidently the lowest. potentially a bottom setup. Did I definitively know it was going to be a bottom setup when we were breaking above yesterday's high at 434.61 Absolutely not. But I figured hey, if it gets going, it might really get going.
And then I looked at the even per previous day's high at 436.62 and guess what, today's high was 436.81 I Just love when a plan comes together. So that's what I'm looking at. that's what I saw. basically as soon as we got above 434.60 and then confirmation above 435 which was two days ago High uh, I was like okay, this thing is like very clearly Off to the Races and that's what finally tilted me to do some form of Revenge trading to be like wow I lost a lot this morning.
Let's see if we can make it back lickety-splickety And that's exactly what ended up playing out. So yes, in the very short term, the Market's been trending down, but today was a nice winner of a day. Before we get into all of that I just sometimes find wild things on the internet that I just feel so deeply I'm supposed to share with all of you I feel like I was almost put on this the planet to share some of these absurdly insane stories with you. And here's one of them: Prison staff misconduct made it easier for sex I don't know if I should say this for you could read the screen Jeffrey I Also, probably shouldn't say that to well, probably shouldn't say that himself.
So prison staff misconduct made it easier for blank blank Jeffrey Blank to blank himself doj Watchdog says I feel like if I say any of those like in succession YouTube's probably gonna Mark me so you can fill in the blanks and you might just want to read the screen for that one. But anyway, how Wild they're still running. With that, they're still running with the fact that he unalived himself I I Just don't get it. Significant misconduct by Federal Bureau of Prison Staff made it easier for Blank blank Jeffrey Blank to Blank himself in New York jail in 2019. According to the Department of Justice Watchdog Epstein a I should have said blank blank. A former friend of Donald Trump and Bill Clinton committed blank a month after being arrested on Blank Blank trafficking charges. The report details how Bop employee failed to check in every 30 minutes on the 66 year old investor in his cell, lied about their failure to do so and allowed him to have extra clothing. Yeah, you know what might be missing from here.
The fact that someone most likely came in and unalived himself I Mean come on, this is this is from CNBC this is what the world is still being fed on June 27 2023 that he blamed himself. How like I know we're dumb, but we're not. Do they really think that we're this dumb I Just don't understand I Truly don't understand. So anyway, that's one of the wild things I saw today.
Obviously the other wild thing is truly what's going on in the market. Surprisingly strong U.S Economic data keeps recession fears at Bay You're probably thinking to yourself what happened today. The market was trending up recently, trending down. Why did things seemingly Trend and change today? Why did you get rid of all your calls? take your money and YOLO or get rid of all your puts, take all your money and YOLO into some calls.
It's multifaceted. Latest housing, manufacturing and consumer data be expectations figures likely to reinforce Hawkus message from Feds Pal: A flurry of data showed surprising strength in several corners of the U.S Economy: painting a picture of resilience and further delaying any likelihood of recession. Persians Excuse me, purchases of new homes climbed to the fastest annual rate in more than a year, Durable goods orders topped estimates, and consumer confidence reaches the highest level since the start of 2022.. another release showed housing prices in the U.S Rose For the third straight month, the consensus view continues to stubbornly call for recessions starting in a few months, but the economic data are telling far different story right now.
Resilience Remains The watchword. So basically a lot of this positivity is being interpreted as kicking the can down the road or also maybe an argument of How deep the recession will be. But another thing that it's going to be confirming is the fact that yeah, economy is too hot and we're definitely getting more rates most likely to before the years now as of now for the next Fomc meeting which is going to be scheduled for July 26 Wednesday basically a month from now 77 chance of a 25 bips right hike and then if we scan out a little bit you can see what's going on in September November and December According to the SCP the summary of economic projections, there is a high high high likelihood if you listen to the FED of 50 Babes bips at by the end of this year. Well, if the odds are telling us that 25 bips is coming in late July That means between September and the end of the year, we're getting another 25 bips. so we don't have to do some hardcore calculus to decide that there's most likely high percentage chance of two more 25-bit rate Heights before the Gregorian calendar year is out. So I Know that seems confusing because we're really conflating two different time frames here. So in the short time frame where people are optimistic, be like hey, okay, we're getting all these good economic reports. Maybe the recession isn't going to be that bad.
Maybe things aren't going to be as bad as everyone's telling us. But remember, the FED is still actively fighting inflation. Inflation is two and a half X where it should be Canada reported their CPI still 2x where it should be. Look at the UK It's more than 4X where it should be.
Inflation around the world is high, so don't understand. Depending on your trading, make sure you're paying attention to things that impact on the time frame that you're actively training. If you're a day trader, you don't care about predictions for weeks or months or years out. And also, if you're a long-term investor, you don't really care about the day-to-day minutia.
You care about more fundamentals. So understand that some of this news is impactful on different time frames. For me, with the short-term stuff, obviously. I want to know what's going on because it makes for a better show.
It feels like we should be more informed and it feels like it gives us a better framework to work within. But today, I'm not going to Diamond hand my puts when we get a nice price action, breakout. It just makes no sense and in reality, not that long ago I probably would have continued to hold it, not admit that I'm wrong in any way. but as I was really much diving tuned to on stream this morning I'm doing I'm attempting mentally to stick to my own risk as closely as I possibly can and unfortunately, halfway through the day I was getting steamrolled, absolutely destroyed.
There was a wrecking ball in my face putting the front of my face into the back of my skull and all my wrists got hit. I'm pretty much all my plays I'm talking Tesla Microsoft spy Spy other Tesla IEP everything just got hit and I just I I had to get the hell out I mean it was a bummer and then I was like well, if it's this strong, maybe there's a reason to go long And then when we got the breakouts of the previous two days highs I was like well, all right, risk it for the biscuit and boy oh boy did the biscuit worked out today. It also helped out one of the the second largest company in the world, or at least in the U.S market had some really good news: Microsoft CEO Satya Nadella set goal of 500 Billy with a B in Revenue by 2030.. a court filing released on Monday showed that last year Microsoft's CEO provided a goal for his Company's top line financials through 2030. Uh, which is a nice 5 billion Mark which is half a trillion which is double where they're currently at. and Nadella told fellow Executives and board members that the software company would generate annual growth of at least 10 percent. That would get the company to a revenue of 500 billion by fiscal year 2030, more than double its current size. So when you have a company that is huge and then they think they're going to get more huge, obviously there's going to be some optimism now.
My risk on this play was 336 11 and at one point today we got Above It by four cents. So unfortunately, it did knock me out of my Microsoft put play just because we broke above the previous day's high. but we didn't get that rippity skippity Doo die continuation the way we saw an apple which is going to most likely close that and did successfully reach a new all-time high today. Don't get me started on it, it makes me angry I don't understand Daniel I don't know who's buying here.
It makes no sense to me. it. it blows my I I get frustrated looking at this chart right now I I Don't know it's someone in here. Probably someone in here is probably absolutely screwing with me continuing to buy it at brand new highs.
When we know the FED is fighting. it doesn't make sense. It doesn't make sense I don't want to talk about it. Get frustrated.
Um, but my point is is two of the largest companies Apple Microsoft crushing it even Tesla making a recovery to 250 you have Netflix that was selling off bouncing. You have Nvidia bouncing off of 406 all the way back up to 420 you have Tech ripping. You even have small cap. The Russell 2000 ripping today was a story of rippity skippity doo da and it's like I said multifaceted and this is good to pay attention to the news but also be looking more for the price action.
and that was kind of my Telltale sign. and I will get into more detail of what I saw and I'll show you the time stamps of all my trades and whatnot. But there are a couple things we need to get into. Uh, why is this not working and hang on.
Where's my position? Oop wrong button, hang on I wanted to show you this because I do want to get out. so I have 50 left closed position. Uh, let's do 25 at 155. 25 at 155.
Okay, uh, trying to get out of half of it. So I had 300 Now I'm down to my last 50 and I'm hoping that the Market's push right here should help me out. We all know that Wall Street is beyond crazy for many, many reasons. We all know Wall Street's crazy.
But maybe one of the things we should particularly focus on right now with all the craziness within Wall Stream is the absurdity of: Wall Street Pay What I'm about to share with you will most likely leave your jaw on the ground because you're going to find out what interns at some of the top Wall Street Firms such as Citadel end up getting paid per hour. and if I'm gonna give you a warning now, you should probably only watch this if you want to be frustrated. So I'm going to give you a second if you want to turn this off. I Completely understand. Maybe you're having a good day and you're like, why would I mess it up but maybe you're already having a bad day and you're like, well, hang on. If I'm mad and angry and sad, let's get more mad, angry and sad just to dive into a little bit of the absurdity of Wall Street Wall Street's intern pay is surging with Citadel at 120 dollars an hour, Wages have increased for summer jobs and finance as the industry tries to get young talent in the door. You heard that right. 120 dollars an hour? That's real right there.
That's if You annualize that 2000 hours. We're talking about 240k when I Believe Right now, the average family is bringing in 60k that's an intern. We're not talking about people with the degree, We're talking about the people who are trying to learn but really get coffee and pick up dry cleaning. 120 an hour And I Wish the insanity stopped there.
But as you dive into this, you're going to start to see more and more ridiculousness. Interns at: Wall Street Firms are getting bigger paychecks this year as the finance industry seeks to attract more young people disillusioned by layoffs and Tech for finance jobs across the U.S median intern pay jumped by 19 at 16 of the top firms. the bump was even higher. Hedge funds and Prop trading firms were hourly pay surged 29 year over year to a hundred and eleven dollars or 4.4 000 before taxes for a 40 hour work week.
Four point, four thousand dollars a week before taxes at Citadel and Citadel security is the median wage for interns jump roughly 25 to 120 an hour this year for a standard month with a 40 hour work week that's 19.2 000 before taxes as in their taking home before taxes a month almost 20K Not shockingly, the bigger paychecks got the attention of Job. Seekers Ken Griffin's firms received more than 69 000 applications for their 2023 internship program, a more than 65 increase year over year. I'm wondering, do you think that this is happening just because of I don't know. like almost the popularity now of Citadel and I'm not saying popularity in a positive sense.
I'm we're saying name recognition because obviously Citadel is like become a household name ever since the explosion of retail trading. and Retail finding out what happens with payment for order flow and just Wall Street in general, I mean that's a huge huge increase as students have become more informed about career choices in general and the unique opportunities or internships provide for learning growth impact. They have determined that Citadel and Citadel Securities are the best place to start a career at the intersection of tech and finance. So it's kind of interesting because like none of this is a moral argument Technologically, they're obviously Advanced from a money standpoint, they make a lot of it. but I think there is room for discussion of what about the moral implications? Just my own thoughts. But let's continue because it's not just Citadel. In turn, pay can vary by role, education, and the type of firm. In other factors, At Barclays summer, Investment Banking interns in the US are offered an annualized rate of 110 000, while the pay at Citigroup is 50 an hour.
So both of them coming in at roughly half of Citadel Bank of America offers a median hourly rate of interns nationwide at 41 dollars per hour. While those willing to move to the Big Apple for the summer earn a premium at 46. I Don't think that extra five bucks is making up for the extra cost in New York City And there's a higher pay for investment banking interns. They can be paid at an annualized rate of a hundred and ten thousand once again.
So roughly half of what they're getting paid at Citadel Many Finance interns get their benefits including sign on bonuses, living stipends, and access to corporate housing with offers today now looking similar to full-time employees. That's for interns. We're not talking about a managing director coming in with Decades of experience and crushing it in XYZ Interns are getting sign on bonuses, living stipends, and access to corporate housing. This is the current state of the world of Wall Street The insanity.
The absurdity. But really, what it's showcasing at least in my opinion, it's really showing us how much money is there and then a fair question and this is probably a multi-hour video that we should end up making is, where is that money coming from? How are they possibly this profitable? Once again, that's going to be a huge huge discussion. I Would love to get your thoughts below, but I just wanted to share what it's like getting paid by Citadel Truly, truly crazy. How is my position doing? Uh, it's trading at 126.
where was my I put it in for 155 I guess that's not getting hit uh 52 sorry I need to orders. We're going to cancel this order. All right? So I have 50 left I'm in at 55 closed position. We're just gonna hit the market with it.
Bada bing Bada Boom! Nice 125 and obviously strong recovery bringing the count back above 60. I'm gonna go over all my orders and everything that happened today. Uh, so we're gonna check this out. Truly insane.
But before we do that, there are some other things that I want to talk about such as in old-time retail favorite Lord sound Motors ticker symbol Rid-e was associated with Workhorse is essentially done. So it's not officially done so, but it's essentially done so. Lowest time Motors files for bankruptcies whose Foxconn over 170 million dollar funding deal um chapter 11 ticker symbol ride got crushed today by like the tune of 45. Absolutely murked. absolutely Merc So this is a little bit of nostalgia. Unfortunately, the story is ending. very very very poor. poorly.
But you might want to check it out. Maybe you've been swinging in a short position on a ride this whole time and if you have, congratulations to you but absolutely destroyed. Big story of the day: Unity Shares rise 12 after a company announces AI Marketplace So apparently all you have to do continuing in this trend of just saying AI with your company and it helps your stock go up. The other thing you have to do is lay off workers.
So if you're laying off workers and saying AI That's the infinite money glitch, it truly truly is at this moment in time. Roku Will Air Formula E races as part of the Streamer's first live sports deal Roku will become the U.S streaming home for Formula E the EV Powered Auto Racing Series The Partnership marks Roku's first ever live sports Right path gauge with both live and on-demand replays of race available starting next season. The announcement comes. the streaming companies are rushing to secure sports broadcasting rights amid growing industry competition, so they got the formula E-races might be cool I'd be willing to check it out so we'll see how that all goes.
but a little update there for you on Roku This is not really for an individual company, but it will impact companies such as: CVS Walgreens Target Walmart All that good stuff. The In Form act takes effect today. Here's how it aims to: Target Organized Retail Theft. If you're like me and you're Doom Scrolling on the internet, you know that there's many, many videos of people stealing all the time and apparently nothing can be done about.
A lot of the companies have taken the position of nope, we're not doing squat. The workers at the companies aren't really allowed to do anything, is probably too much of an insurance headache in case someone got hurt. And it's sad that right now our society is in a place where day over day you can find videos of just people stealing from all these companies. The Inform Act a bipartisan bill that takes effect today Tuesday June 27th requires online marketplaces to disclose and verify the identity of its sellers to deter the sale of stolen counterfeit or harmful products.
The bill came after retailers and trade groups Lobby Congress and blamed online marketplaces such as eBay and Amazon for what they called a surge in retail theft. Online marketplaces that don't comply with the law could face more than 50 000 in fines for each violation. So people basically just stealing it, reselling it. they're trying to curb that.
Will it lead to anything? I Have absolutely no idea. but I did want to share the update with all of you Now in terms of the remainder of the week: I Want you to know that for tomorrow Wednesday June 28th Jerome Powell will be speaking right when the Market opens at 9 30. obviously very important. he will be speaking again on Thursday but I think he's speaking in Europe that's why he's speaking at 2 30. so most of us will still be sleeping. But don't worry because at 8 30 we are getting the GDP renumber which will be very important and then on Friday we're getting the next inflation report the PC the personal consumption expenditure. So this was supposed to be the quiet day of the week. Obviously for the Bulls it wasn't that quiet.
but Wednesday Thursday Friday you better get er ready because it's going to be early fireworks without a doubt. So tomorrow we're not starting the stream early. we will start at nine, but we're going to be listening to Pal and then on Thursday we're going to start early at 8 30 and then on Friday we're going to start early at 8 30 as well. With respect to this week, you should also pay attention to Micron reporting after the market closes today Walgreens was this morning they completely missed and then excuse me after the market closes on Thursday Uh, it is gonna also like we're gonna get Nike what's happening Oh a little bit of a drop.
good thing I got out of that position I Also want you to know that for tomorrow Wednesday June 28th the it does lean bearish. The Bulls have went just below flipping a quarter after after the past 25 years. the Bulls have won only 48 of the time. So essentially flipping a quarter.
but the profit factor is below one at 0.68 So I would say it's leaning bearish. It's maybe also neutral. You Could argue that it's neutral. so I'm not really too I don't know.
Keen on following seasonality for my trades tomorrow, but I did just want to give you the stats, facts and figures for this seasonality related to tomorrow. Now before I get into my trades I'd want you to know that PIN to the topic no in the description of the video or just come here Youtube.com Matthew Cores The second interview just dropped. This is with David's son who's currently running a two separate hedge funds and he has an options trading strategy. Uh, so check it out Youtube.com Matthewcors or just come to this website or just search Coors and Davidson Here's the second interview: I Really, really think you're going to enjoy it, so check it out.
Um, and if you want to help me get to a thousand subs for this channel, it would be much appreciated. So just want to throw that out there to everyone. And with that done now, let's get into the trades of the day. First of all, I want to show you I am completely flat no positions right now account sitting at 60.3 k.
Um, so let's go over what actually happened today. today is the 27th. So we kind of started here so early this morning. I got June uh, 28th as in I was playing it for tomorrow 431 puts I got a hundred I also got some Tesla puts right here Tesla puts I got 10 of those and then I ended up doubling down on those spy puts because I had 100, then I got 50 and then I got 50. unfortunately I got absolutely murked by those Absolutely. Merc And right here you could see that I got out right around lunch when the market started to really pick up. Got out of all of 200 of those and that was just obviously not not the most fun. Then the market was so strong.
And what I really mean by so strong is the fact that if we look at the daily chart right here, this was the point where we were getting above the high from the past two days. This might just be a higher low. There's a good chance that we have higher highs higher lows. It doesn't make sense to me, but in terms of price action, we didn't come down to any of these low values.
Yeah, we broke this. You could argue that that was a weird bar. but anyway, I was like uh oh my thesis for this Friday my June 30th puts maybe I need to get rid of those too and that was this sale of the 50 And then obviously you can see this is where I went full on degenerate mode. This all happened right around noon.
Um, and this is where I got 300 at 55. So I just loaded these puppies up and then I was in at 55. So I sold a third of the position at 110 and then I sold I guess another six of the position at 125 and then I sold another six of the position at 125. So I'm out of a third at 110 out of another third at 125.
and then I sprinkled some out at 1 30, sprinkled some out at 140 and then the trade that you guys saw live here I don't know where the fill price is, but it was around like 124 or something. it was above 120, but below 125.. So basically my average exit probably around 125. So I have some 110s mainly 125, some 130s, some 140s.
Uh, it was a huge trade. Uh, it was absolutely crazy. The if I did the math on the day, well that's not going to help us much. Let me hear.
I'll bring up what did my account actually do because I like I've showed you all those losers there so that wasn't good. so it wasn't as good as it necessarily seemed. But how do you see your performance p l on the day? can you do one day assets I don't know how to see how I did piano do you have to customize it I wish there was a better way Custom Custom What is today done? Um well it doesn't show you intraday I guess relative to yesterday like from yesterday's close to today's close I'm up 2.5 k. but today my account I mean my account value which is like it's flat right now so it's not changing is that 60.3 I think I saw it get as low as 44 or 42.
So it's about an 18K swing down and then back up which was by no means fun to pay attention to and watch. Um, but there we go Matt I Signed up. Nice hair? do you got you got done? You got done did? dude? Chop Shop Shout out man. Appreciate that. Um, so wild degeneracy. It's not something that I recommend anyone really do because that's the type of training methodology. You do it enough and if you're over leveraged, it's just a matter of time until you blew up. But today I guess just was not my day.
So dfts for the whim I survived for another day. Uh, crazy. borderline 20K Turn around. Um, but hey.
I guess if it works, it works. But it was, um, a roller coaster to say the least. Definitely a roller coaster to say the least. So if you haven't already, uh, make sure pinned to the top of chat in the description of the video macross.locals.com I Share some of my trades.
You can share some of your trades. you get the seasonality that's the locals Community But then also, make sure you're checking out this new channel. Um, if you're on Rumble you're going to get that content too. In fact, it goes up even earlier on Rumble so you're not missing out if you don't want to come to YouTube I Totally understand.
but for the YouTube crowd, we're putting Evergreen con content in one channel and then live streaming in the clip content in a like on that same one. So it's going to be split over so two different channels on YouTube and then just one on Rumble But it's not like some of the hit content is hidden in one place or the other. That's not exactly how it goes. but anyway I Hope you had a good day.
We will be streaming tomorrow morning once again. 9 A.M ET uh if you are looking for some good training content, check out my interview with David's son. That's gonna be up if you're looking for something to do tonight. We're also going to be posting a couple of videos on the live Channel just so everyone knows and then we'll be streaming once again tomorrow morning.
9 A.M Bright and early will be early Thursday and Friday Jerome Powell Speaking tomorrow I Wish you all best of luck I Appreciate all the Good Vibes You guys are absolutely awesome! I Think it's because of all your wishes of Goodwill that we were able to make today a green day. So thank you thank you thank you! Much appreciated. Have a great evening, check out the videos I'll catch you again in the morning at the next live stream. Have a good one.
Peace out Thank you Foreign.
Lookin sharp
Made bank on calls but really I felt like a dumbass I thought for sure it was gonna tank today. Money is money tho
Please do this again
Best intros!
Bro you do have Futures traders. Been trading them for 25 years. Nice recap thx. Un-a-lived blank blank .. brilliant