Market Volatility Increases & Earnings Season Continues
(SHIB. Matic (Polygon), Ethereum, PROG, TSLA, AMC, GME)
Dumb Money w/ Matt Ep. 121
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And i eat crayons every day with my friends, i think about kenny in his ivory tower shaking in his lilly bones. As the eggs overpower must stop breaking the law. Asshole is give us the fucking money, throwing all my money at the streets like a quarterback. If you don't mean a thing, water up, a dust black slot leave a nut until we get the money stacks monkey monkey monkey holding two with blue monkey magic coming through us monkeys on the moon, double digit, iq, candy, loving, bamboo right here we got more smoothies Than a jumbo juice probably thought you could have made us all the gooder in hell we maybe would've, but we're more standing on the board of the floor.

Six figures: ain't selling for less you took on the ape nation and you're fucking with the best we hope for each other, my sister's here, my brothers, the fighters and the lovers. We don't need another fan because we huddled through hard times give us the fucking money. Wow, what is going on everyone? I have an absolutely absolutely spicy power hour stream for you if you're listening right now, numbers are low, but it doesn't matter everyone who's in here, you're about to learn yourself, something you're about to learn yourself, something talking dark pools. Let's get this out here we're this is gon na get all forms of spicy all the spices, everything even even the cinnamon.

This is gon na get. This is gon na get good. I have some facts. I have some figures for you.

I have all the facts. All the figures, but before we get into that, let me just give you a little bit of an idea of where we're at right now amc currently trading at 35, there's major support at 33.75-ish, just below 34. main support, i'm watching currently 35 amc's down 3 on The day, not even 3, we've been here before no reason to panic. Gme is currently down 2.5 on the day trading at 173.40, if it can't retain 175 i'll be watching 165.

in terms of what happened in the market today, amc they bar look at this question of like why did it go down? Look at 4 million shares were borrowed and amc didn't trade, that much volume we traded 22 mil in volume. Well, when 4 million of that could theoretically be short against him, it's not too much of a surprise to understand where the selling pressure came from short interest. 17.16 estimated utilization 87.24 shares on loan right now around just below 107 million in terms of gme. They borrowed 51 000 against it today and that's a net return of 11 000 estimated short interest.

11.76 utilization 39 shares on loan, probably right now, just above eight. Eight point: two seven million, so the borrow against amc is considerable, uh not too much on gme today, but we are seeing generic weakness in the market. I mean the spy. It has not made its mind up like look at this.

It's drunk it needs to go home. The nasdaq well remember we're coming off the back of impressive earnings reports from microsoft from alphabet aka, google tesla last week, amazon and apple upcoming this week. It's not the biggest surprise that tech is actually behaving the best and in terms of the russell, not many small cap companies are reporting right now, it's being the hardest hit. So, if you're really looking at amc and a little bit jimmy jimmy used to be in the russell 2000 right now, it's in the s p, 500 or 400 mid cap.
Excuse me, but we're seeing that the russell is dragging amc down and as much as people. Don't really agree with it: amc and jimmy they're not going to move in lockstep, but their movements do seem to be related and it seems to be driven by iwm. So that's a little bit of your moon stock update uh. Just so you know d-wack completely.

Ripping me apart right now i was looking to fill at 52 on my puts. I didn't get the fill because it went to 52 like 77, so i was off on that currently trading at 70, most likely moving in a similar like it's going to be driving phun as well. Just so everyone knows tesla, i'm still in this one i mean i have it. My expiration is next week, so i have time on that, but i am long on tesla.

But let's talk about what the exciting thing is sheep, as i'm talking right now, shebe hit a new all-time high. If you happen to be a proud member of the shiba inu army, the sheba army, you are crushing it right now. You are absolutely crushing it right now. This thing it's on a rampage.

It can't be stopped in fact check this out check this out right here: shebe flipped doge, with 160 million in smart money, backing latest pump blockchain data shows, and it says that it temporarily surpasses it. It's definitely past it right now, uh. She hang on coming in. At 20., this might be a little bit delayed.

It said that it temporarily passed it, but on these values i'm seeing maybe there's a little bit of a delay, but the market cap, the the total value of shiba inu uh. It seems to be passing. Doge like this is a crazy run. It's becoming more popular in china.

You can see the the trends right now of how much people are searching it globally. This thing is spreading it. It's just driving, so much incredible excitement um. She i mean people who are in it are absolutely like, literally as i'm talking right now, brand new all-time high just hit 75 if it breaks through 75.

I would just we're now. We're talking about a hundred next level is a hundred on it. If it can hold above 75 the gains on this i mean people are calling it a shit coin. People are calling it a dogecoin killer.

I call it a money making opportunity. You can name it. What you want to name it. It's a money making opportunity.

Now. Obviously, i'm never ever ever ever ever going to be supportive of chasing something at an all-time high. But if you're looking for a place where you can get it, i highly recommend like remember, not a financial advisor, but just for watching the market. It does seem like you're going to get a dip opportunity.
You don't have to chase a high uh voyager, it's above my head. You download this app, it's not in the state of new york. It's in all the other 49 states put in that code matt21 as soon as you, trade, a hundred dollars of whatever crypto, including sheep you'll, get an extra 25 of bitcoin as a bonus. But on top of that, you could check out coinbase pro.

You could check out gemini, i'm not sure if it's on binance kucoin kraken, all those give them a quick google search um. Unfortunately, i just have one for coinbase and uh voyager in terms of like a kickback, but if you like one of those other ones hey those are solid. I do recommend exercising some caution when it comes to getting it on something like weeble, just because you don't actually own the crypto these other ones. You can send it it's a wallet.

You can send it to wherever you need to, even if you want to take it off offline, you can. Unfortunately, you cannot do that with something like weeble, because it doesn't function as a wallet and right now. You can't even get sheba on robinhood so understand if you're in the world of crypto, it does present less risk to you if you're, actually engaging in something that i don't know like, is actually a legitimate crypto exchange, a legitimate, crypto brokerage. Those are the things you want to look for without a doubt, you want to be a little bit more secure with your money and when it comes to crypto get something that the actual crypto community supports.

It makes sense that way. If you want to talk about stocks on this other thing great uh, but i don't know if i want, like this um kind of a poor performing stock platform brokerage to be also where i get my crypto. I think it just presents too much risk, but right now, if you're in sheep, actually let me know in chat if you're in chib, let me know just say she poster whatever just your rockets or whatever. It is because i know out of the 4 000 watching right now.

There has to be a lot of people making a lot of money as it relates to sheep and i'm just so excited for you um, i'm reading more about the playlist, the the music playlist, where they're burning it so hey. Even if you want to listen to that in the background, um play it all night. Let's just get the burn because, as we cut supply and as demand stays the same or goes up, that's obviously gon na raise the price and, as you can see from this article, it's not just dumb money. I know if you're in here listening right now, you're - probably a proud member of team dumb money, but this is being backed by smart money.

Now um, you could check this out. This is on coindesk. It is pretty interesting. I love to get my crypto news from these guys.

I have no affiliation with them whatsoever. I just find it uh. They put out good information, uh, very good information. Look at all these people in sheep.
Look at all of you, sheep supporters. I love it. I love it. I love it.

I love it. Uh, matt's, glasses, short light attack on amc, what the f, matt, hey, matt, uh watch, dirty mud, dirty money, netflix season. Two kramer flip flops more than fouchy perfect body of evidence for the manipulation by media of wall street interesting uh. Have you talked about the sheep burn playlist? Basically, there's a playlist on spotify, you listen to it and all the proceeds end up going to burning sheep they're, sending it to a dead wallet, 22 million she buying more killing it uh.

What do you think about irnt irnt? I have not heard that ticker in a hot minute. Oh it's spiking right now seems a bit chasey i mean if you want to get in at 14. 36. Are you okay with risking 9.50? Are you okay with risking 11.77? All of these plays it's just like what is your risk point? I do think it might be heading for this gap, though at 16 14, but even with that being said, that's a two dollar gain when you're risking more than four dollars to the south side.

The risk rewards a little bit out of whack, but i do admit if you already have a position, if you were somehow agile and got in at 11, 40 ish 1150ish try to ride it up, try to ride it up to a gap fill from the low On september 30th, another nice easy gap fill play all right sweet, so i'm up to date there it is 3 12 and all right. Let me make sure i have everything ready because, as i said, as i said, i very much want to discuss dark pools um. Let's talk about dark pools, uh, it is an important subject, it's a very important subject and i think there's a lot of misconceptions about what it is, what it isn't and why i think it's so important to discuss right now is there's a lot of people putting Out misinformation about dark pools. Let me start it off this way.

Do i think dark pools are problematic? Yes, i think that they should be more regulated. I think there should be less dark pools. I think they should stop selling backdoors to high frequency traders. There are problems with dark pools as an ape community are dark, pools the main issue we are facing as in if the entire ape community could fix one thing right now, would it be dark pools absolutely not and honestly, i don't even think it would make the Top five, i think to me - i think, dark pools right now are one of these things where a lot of people are saying.

Look at this look at this and it's confusing and really it's taking away our attention from actually more seriously problematic things facing. Not only this community but the market at large uh, so let me tell you about dark pools and let me also explain i have sources for all of this information. This is not conjecture. If you want to fact check me, feel free to watch one of my three interviews with dave lauer, where we talked about dark pools every single time or throughout this little mini presentation.
I have going for you i'll, show you all the sources. So, let's start this off: if you just look up dark pools, this is what it's going to be defined as dark pool, privately organized financial forum or exchange for trading. So another way to put this is it's a venue. A venue in the world of trading is where buyers and sellers meet each other you're, a buyer.

I'm a seller, i'm a buyer you're, a seller. It's where people agree on the amount of shares they want to exchange and the price they want to exchange it at shares. Don't live within a venue, they are exchanged at a venue. So lit exchanges are a type of venue they're.

One of the main three another type of venue are market makers, internalizers, retail wholesalers. That's what citadel and virtue is citadel security is referred to that's another venue. Those are known as market makers internalizers, the other type of one - is a dark pool, also known as an ats right there, alternative trading system, ats, alternative trading system is just like a very boring academic way to say, dark, bull, dark pool is a lot more. I guess interesting, it sounds more exciting, so those are our three types of venues lit exchanges, market makers, dark pools, aka atss just so you know for the point of this discussion.

Market makers that type of trading is also referred to as otc over the counter. Otc. That's the fancy name for market makers, ats, that's the fancy name for dark pools. Those two market makers and dark pools are both known together as off.

Exchange trading on exchange trading is lit exchanges, so three venues, one of them, is on exchange lytics lit exchange. It's more transparent. We see everything going on, there's two type of off exchange trading venues, market makers, aka, otc dark pools, aka ats, that's the highest level view. Those are the venues, that's how we meet each other and actually you can trade on all of them.

So can institutions as a retail trader, an institutional trader? You can trade online exchanges, you can trade on dark pools. You can trade with market makers uh. Everyone has access to all or not i shouldn't say all of them. You have access to all types of venues, but, for example, when it comes to dark pools, there aren't many there's about 60 dark pools.

40 of them. Are they get more action, more volume, there's like 40, bigger ones that do things, but about 60 in total and in terms of lit exchanges, there's about 16, where about 12-ish or more popular? And then when it comes to market makers. There's a handful, but there's two that dominate everything, mainly citadel securities and then also virtu. Just so, you know the numbers of each one that we're kind of dealing with so dark pools, essentially 40 lit exchanges, essentially 12 and then, when it comes to market makers or otc, essentially two citadel securities and virtu.
So that's the big picture. That's what we're dealing with and this very quickly gets intertwined with the discussion of payment for order flow. So if you're on something like robinhood or weeble, they are getting payment from the market makers. Otc off exchange training and all the orders get sent there, and then they pay the brokerage for that.

So the money flows from market makers to the brokerage brokerage sends all of the orders, stocks and options to the market maker and the market maker plays the other side of it. There are very, very rare circumstances in which the market maker does not want to take the trade they feel like they have no edge, and this is referred to as toxic flow, and they can offload that trade and they can really offload it wherever they want. Most of the time, this goes to a lid exchange and in very very rare circumstances. This goes to dark pools.

You heard me right when you are doing robin hood or weibo. It is a very, very rare and abnormal circumstance in which that trade ends up being facilitated on a dark pool venue most of them, and i'm gon na show you all the data for this. If you are trading with payment for waterflow, most of it is fulfilled by a market maker, it does not go to a dark bull. It stops at the market maker, some of them this toxic order flow as in they can't they don't have an edge.

They can't make money, they can offload it to lit exchanges. This you can find this in the gamestop report. They actually said that you can find the information about citadel securities, this the flow they didn't want. They ended up sending to a lid exchange and, just in a general circumstance like there is a rarity in which they can offload it to a dark pool.

I'm not saying none of it is on a dark pool. I'm saying it's a very, very small amount. So that's kind of the overarching situation and it's here where some of the problems with dark pools, aka ats's, really starts to arise, and it's because of the name, the it talk about a misnomer, a dark pool, and i get it. It sounds scary.

It sounds nefarious. It sounds like what in the world is possibly going on right now that why is it called that, and i think right here, it's because of if you look this up a dark pool, it's gon na define this and most likely sentence number two sentence number three: It's gon na say something about no impact, no exposure, but i i beg you keep reading, because what it really means is no exposure, no impact until the trade is executed. So the best way, i could teach you what a dark pool is is by showing you so right here. This is weeble and if you look on the right side of the screen, you're seeing a level two, you see on the left side, the bid you see on the right side, the ask the bid is all sitting by orders and, if you're looking at weeble, it's Exclusively on the new york stock exchange, so one lid exchange and on the right side, you have the ask: that's all the sitting, sell, orders and other than that on the top.
Here you see the price it's currently trading at. So this is exactly what a dark pool is a dark pool. Is you just see the price you do not see the sitting buy orders. You do not see the sitting sell orders.

So the best way for me to put this is that the order and the placement of orders on dark pools has no impact on the market. But, for example, if you did it on the new york stock exchange, if we saw that someone was trying to buy a million shares of amc at 34.60 well, the price would go up because people would be like hey. That whale knows something we don't know, and the price would be run up like away from it, even though the order never got executed so in a certain way, dark pools are a way to allow you to put orders, buy or sell orders without the rest of The world knowing, but as soon as that order, is hit and executed. It then clearly has an impact.

I i need to make this explicitly clear. All trades fully executed trades like actually executed, like the trade, goes through buyer and seller agree. If that happens, on a dark pool, it has a material impact on price. There's a misconception that trading on a dark pool has no impact on price and in reality the opposite is true.

So the best way to think of a dark pool is picture. This you're seeing the lit exchange the new york stock exchange right here. Just imagine that you couldn't see sitting orders, that's all it is, you cannot see sitting orders, but it trades within the mbbo. The national best bidding offer um.

So the price isn't any different. The price is the same, and all you can see is the price. So basically, it's a way for people to be more competitive, where they're not showing their intention they're, not showing that they're trying to buy they're, not showing that they're trying to sell and that's just an advantageous thing if you think that's right or wrong. That's a completely different debate and we can discuss that.

But that's all a dark pool is this concept of being able to buy on a dark pool and then sell to an exchange to run the price down because buying doesn't have an impact on price. That's erroneous! That's wrong: no one who knows about the market agrees that that's even a thing. It just isn't a thing to put it very very frankly, so now that you know generally about venues now that you know a little bit more specific about dark pools, let's really get into the weeds here. So what i just said of hang on like they.

Let's pretend how about this? Let's pretend that buying and selling on a dark pool doesn't have an impact. Let me join, let me throw on my tin, foil hat right here and say you know what dark pool trading does not have an impact on price. This is very, very, very bad. This is our problem.

Let's say that i agreed with you on that. Let me let me try to take another tactic, as my tinfoil hat is on super super tight. Let me show you one thing. This is from finra's website.
Remember, dark pool means ats and then otc that means market maker. Both of these are off exchange trading. Unfortunately, this is reported very slow right now it is october 27th. We have data for most recently the week of september 20th, it's almost off by an entire month.

That's one of the biggest problems so right here we have to go all the way back to september and you can check this out. Otctransparency.Finra.Org remember, ats is for dark pools. Otc is for market makers and you're going to want to click on nms tier 2, and that's going to be for both of them well, anyway, for this week, i'm talking september 20th all the way up until the 24th, all five training days. Ats, it's right here clears day.

The amount of shares is 10.4 million once again, that is for dark pools. Well, if you look at market makers right now, otc amc look at the exact same week, september 20th, as in the 20th, all the way up till the 24th amc look, how much volume was facilitated by market makers, 146 million. So in one case we have 10.4 million dark pools and then for market makers we have 146 million almost 14 times the amount and right here just to give you a better picture of like what's actually going on for that week. Let me just find september 20th right here september 20th, starting at 71 million, and then we all the way go all the way to the 24th about 32.5.

Well, if you want to add all these up, i mean i already did it for us and let me break out my handy dandy, notepad uh september 20th to the 24th. If you want to add that up feel free to fact check me total volume, if you're going to get the number it's going to be 20 261. Excuse me, 0.77 mil that's how much the total amc volume is, and i'm talking all venues all three major types of venue for the week of september 20th to the 24th, all five trading days for amc, 261.77 million. So if you now look at uh dark pools, aka ats's that volume, as we just showed you was 10.4 mil and then finally, if we just talk about market makers, that total volume is coming in at 146.16, mil and once again, just to double check all those.

So i'm just not pulling these numbers out of my ass ats right here same week, september 20th 10.4 mil right here, weekly 920, we're on otc, which is the market makers and that's 146.16 mil. So those are all the numbers we're at for this particular week. Five days of trading, so if you do this percentage out, dark pools actually end up accounting for 55.84 of trading for that week and then for the that was for. Oh excuse me, i switched this up.

The market makers are 55.84, while dark pools are actually. This is incredible: they're sub. They are sub 4, 3.98, so in total obviously total off exchange. We are coming in at fifty nine point, eight percent.
So that means about forty point: two percent was executed on a lit exchange. Fifty nine point: eight percent was executed off exchange, but of this fifty 59 4 of it 4 of this was actually being done on a dark pool. So let's take this line of are dark pools of problematic, even if you think they are like absurdly problematic. We are talking about four percent of the volume - four percent.

If you think there's a problem somewhere, look at citadel securities look at virtue. They are trading over 50, almost 56 of what's going on with amc for this particular week. Like i said, i don't have that up-to-date data for right now where we're live on with october, but it's not going to deviate that much and if you think about it, so many people that are pushing look at all this dark pool volume. 60.

70 right here it, it strongly looks like they're, actually talking about total off exchange volume and, like i say, i'm not here, supporting dark pools. I think dark pools have problems, but let's take care of this series problem. Market makers, market makers are obviously the person with like their hand in the cookie jar here and yet they've, somehow gotten us to get distracted across the board and be like market makers love that we are talking about dark pools because it it's they're getting us to Focus on four percent of the problem and they're getting away with 56 of the problem and hang on. Let me continue this because, like i said, don't forget my tin, foil hat is on very tight right now.

So, as you can tell many people talking about 60 70 percent, it does seem. It seems as if they're lit they're talking about total off exchange volume when they are like they're calling all dark pool volume off exchange when they really mean just off exchange. And you have to remember that there's like the two things going on um. So that's a good theory.

Matt but hey you say, you're a data, kid! You say you have the facts. Let's let me like. I don't believe you quite yet like i need a little bit more info to see what's going on here and hey, i have that exactly for you, so a lot of people are getting this information like. Where is the issue coming from? That's a very, very fair question matt if you feel so strongly that it's sub 4 and other people are talking about 60 70.

Where is the disconnect like? Where are we even possibly getting this number? That is a great question and i tweeted this out yesterday and people i was getting two over and over again and one was right here: chart exchange chart exchange was presenting it. This is live right now, uh october 27th, right here, dark pools, 60 and then also the second one is market chameleon. Once again, this is live right now with uh october 27th right here they are talking about 61, so market chameleon, saying 61 and chart exchange. Saying 59 being presented that data, i understand how it's easy to go wrong.
I i completely understand how you can easily easily go wrong because you're like hey, i see the word darkpool. I see today's date. I see amc. I see 59..

I see this website. I see amc, i see today's date, i see dark pool, dark pool trades reported at 61. Well, what like, how do we know who's right is: is the crazy guy yelling at his camera in the basement right or are these websites that look like they were built in the like 80s? Are they possibly right? Okay? Well, let's dive into it a little bit more. You see the superscript right here.

Number one, multiple off exchange venues well remember: off exchange is defined as atss and otc they are putting all off exchange trading together and they're, calling it dark pools. That's at least what chart exchange is doing same thing right here with market chameleon, represent activity away from the mainstream or lit exchanges, so they're saying anything: that's not traded as a lid exchange, they're calling it dark pool volume, okay, um! Maybe i'm maybe i'm switching a couple of your minds right now: they're like okay, i see why they erroneously are calling all off exchange trading the same as dark pool training. It seems like a mess up, but are we sure of that well check out this little development that happened today? I saw another person out there who is actually somewhat respected in the community and they once again called out 60. They said amc since july has been trading over 60 on dark pools, and i said where are you seeing this data? I would love to check out the source, seeing lots of conflicting info and i'm just trying to get to the bottom of things here.

Folks, uh. Wherever the truth leads me, it's going to lead me and then, once again, someone responded with chart exchange. If you click on this and check it out, it's going to bring you to this information which, yes, it does say, dark pools basically 60. Well, this kind of gets interesting because i point out the superscript of basically saying multiple off exchange venues.

This is including market makers and dark pools. I should not have said it so confidently. It was more of an interrogative like is this including market makers and darker pools and well, i will be damned i will be absolutely damned chart. Exchange ended up responding to me like that actual company responded to me.

I don't think it gets more granular than this when you look at the sip just so you know that is the securities information processors. Basically, it's the people who take all the different different exchanges, like all the lid exchanges, all the dark pools all the market makers. It gets the bid and ask, and it puts it into like one consolidated piece of information. That's what the sip is for when you look at the sip feed.

All these are just marked as off exchange. Our volume by exchange table is pretty much exactly the what you see in bloomberg terminal so right here, they're saying this they're saying that anything that is not on exchange. It's just called off exchange. They don't delineate between dark pools.
They do not delineate between market makers. They, it all comes to them as off exchange, so they're calling they admit it right here. It comes to them as off exchange and they're, calling everything that's off, exchange as a dark pool, but hang on matt, that's not enough. I said i appreciate your response because i truly do i'm curious.

Why do you call all off exchange volume, dark pool volume? Yes, dark pool volume is off exchange, but so is market maker internalization. Am i missing something, and this is where it gets really really interesting. Chart exchange, we did originally label it as off exchange boom right there. They initially called it the right thing, but hang on but market chameleon, i guess their their competitor right here.

Market chameleon calls it dark pool. We wanted to show we're tracking the same thing, so we switched hours to dark pool with a footnote, but market chameleon only counts last sale, trades hours counts all volume, trades, so they're, taking a little bit of a shot at market chameleon here, but exclusively. The only reason why chart exchange calls it dark pool it's a competitive thing: they're like oh. We just want to show that we have the exact same thing as market chameleon, so they're they're not wrong, but they are wrong.

It's wrong for them to call it dark. Pool what they should call it is off exchange, training and the way it's particularly impacting this community is by getting us to think that there's so many trades done on dark pools, which is simply not true. There is a lot of off exchange trading, but in that world of off exchange trading, most of it is done by market makers, not by dark pools for the week of september 20th that entire week four percent of the volume was done by dark bulls. So, even if you think dark pools are the dumbest invention ever it's a small problem, it is a small problem to the tune of four percent.

This is the problem that people are losing their mind over when in reality, we need to focus on the true culprit. Here the market makers citadel securities and virtue - i don't know how to make this more obvious. In a general sense, we need more trades done on a lin exchange. We need more trades executed on a lid exchange, so if the num, if we took if we got rid of all dark pool training that helps us to the tune of four percent, if we cut the market maker trading in half we're talking about 27 28, if You're looking for the real problem that we have to tackle, it's the market makers and, in more of a general sense, all the trade being done off exchange.

But you got to look to virtue. You got to look to citadel securities. I do have problems with dark pools, but when you realize how much dark pools are actually being utilized, uh, it's being severely overstated on all forms of social media. You do not have to trust me.
You can look at finra's website. You can look at chart exchange. You can look at market chameleon, you can listen to dave lauer's, three interviews with me or you can trust it from the horse's mouth itself. Chart exchange admitting yeah.

We called it that, but then we just switched it because our competitor also called it dark pool. So basically, both chart exchange and market chameleon are leading people astray because they just choose to call it market dark pool instead of off exchange trading. So that's the dd i did for you. I hope you feel a little bit more comfortable comfortable in dark pools and i hope we're able to like get the community back on track of what the true problem here is, because we don't want to get confused by like one random thing and run down that Path when, in reality, if we bring that to government officials and we're like we hate, dark pools, we hate dark, pools, they're gon na look at it and be like what are they talking about it trades, four percent: why why do they care about such a small Amount of trading um, that's what i have for you on dark pools.

I hope you learned a thing or two. Obviously, if you have any questions whatsoever, let me know what just happened to sheep. What happened to sheep here, someone uh coinbase portfolio, can't see my coinbase portfolio coinbase up coinbase down, it sounds like coinbase is currently down. Well, that's not.

Can i get into my coinbase coinbase down an error has occurred. Don't worry, we've been notified about the issue and we're taking a look. Please try again in a few minutes or if the problem persists feel free to add a bug report. Sorry for your trouble! Look how jumpy this is folks! Spicy spicy spicy spicy voyager, is down.

Sheep is now larger market cap than robin hood uh. What else do we have? This is getting spicy folks, spiky spicy, spicy spicy is voyager down, so coin base is down. For me at least. Let me check my voyager.

Let me talk, let me see what's going on, can i get into my voyager? My voyager is working and my voyager is showing uh just just to give you guys a real-time reading hang on. Where is the sheep? Oh wait! So, on voyager, it's giving it's showing me shebe at 80. um. If i look right now on voyager, it shows it to me just above 80., i'm curious where it's pulling this sheeb sheep sheep.

So i guess i got it off of coinbase. Well, that's why? Because coinbase is going absolutely wild, let's check it on coinbase, let's check it on ftx yeah, so ftx is a little bit more calm. So this is important to know like the exchange that you're dealing with so right now, sheba is going all over the place on coinbase as coinbase is down, but look at sheba on ftx. It's just.

This is exactly what i'm actually seeing on voyager right now. Uh just below 80., so ftx and sheeb seem to be like all good right now, at least for me. Maybe it's a location thing um, i'm seeing voyager up up again but was down interesting. I mean hey, you ever think they're really gon na.
Let retail get rich that easily. You think. You really think that you think you think the powers-to-be are super happy that retail is making some money for once uh. What else we have my public account is out of sync.

I can't see my positions cannot trade them. Anyone else would be bad if this happened during the squeeze. This is wild. It seems like a lot of things, are uh someone just sent coin bases back.

Let me reload mine, i'm still having an issue on coinbase, which is upsetting, because i have a good chunk of change on coinbase, but all my sheep is on voyager. Someone just said: coinbase pulled that shit again, i'm gon na show you is it back up? I'm still having coinbase problems yeah, so it sounds like it's up for some people, but mine is not backup. Just little matt left out into the dark by himself. Can i get an f in chat for coinbase breaking news.

She just crashed coinbase and many other apps wow uh matt. What's the fancy name for crack, aka amc, all right, so are we voyager down for me pointer back down man we're all over the place so whose brokerages are working for who my voyager still works? I'm on voyager, i can buy. I can yeah. My voyager is completely good.

My coinbase not so much problematic, problematic, wow, whoa, whoa whoa. This is nuts someone said. Binance is good and it sounds like public is working again for people uh. When it comes to public and crypto, i recommend just being a little safe there, because it's it doesn't to my understanding function as a wallet.

Quite yet, i know you're, not a tax expert, but how do taxes work with crypto? If i don't own krypton weeble, is it still taxes, crypto or stock uh? I i don't even know if, like i think, the government's actively trying to figure out like crypto taxes, it's it'd probably still be capital gains. I believe um, but you're definitely going to want to talk to a like certified public accountant about that. One coinbase pro is currently working for daniel, i'm still down with you, kinky kong, we're just getting messed up by coinbase right now, but in reality, like it's frustrating like with the technology not being able to handle the volume or whatever their tech problem is. But were you gon na sell anyway? I'm not gon na sell so like down or up i mean whatever i'm holding i'm holding i'm holding i'm holding it.

I would feel more comfortable. Obviously, if i had direct access to what was going on right now, just in case i don't know what, if i wanted to sell, so i could buy myself a lot of cheez-its. That could be something that comes up in my life. I don't have such a hankering for cheeses at this moment in time, but you never know when when you want, if there's one thing i've learned in my short 27 years: it's when you want cheez-its, you want cheez-its um.
I don't feel that way. Right now, but hey sometimes you need some money um. So let's see how this goes i'll i'll keep. Checking on my own voyager, i mean my voyager.

Maybe it went down when i was on my rant about dark pools, but my voyager is good right now, but my coinbase, not so good, but people are saying coinbase pro is all all good. Let me try to log into coinbase pro interesting. That is not working for me either. I guess they're trying to scare people out of sheep hahaha uh, oh geez, all the shenanigans.

Is it even a fun day in the market without absurd shenanigans? This wallet bought eight thousand sheep last august. It's now worth 5.7 billion. We might be looking at the best individual trade of all time. That's insane wow someone! You can see the sheep wallet.

They got eight thousand dollars worth of it last august, now worth 5.7 billion folks. That literally could be the best trade of all time. I just retweeted it so you could see it. This is.

This is so funny, oh man, if you don't laugh, you're, just gon na cry, it's not actually funny, but if you have a different emotional response, you're just gon na end up crying so uh. What else do we have? I'm i'm looking for any news on coinbase to see. What's going on for all of you to see if it's back up is mine back up wild, hey we're living through chaos, what what's a day what's a day in the duck basement without without a little bit of chaos? What else do we have all right? This is nuts uh bask in it. What's that guy from go um game of thrones little finger, he's like it's in chaos that you ladder up.

You know it's kind of like a game of thrones bane crossover. You got ta like be born into the chaos you got, ta be molded by the chaos you can't just adopt the chaos you got ta be born into the chaos uh we're rocking. Now we are rocking. Now.

Chaos is a ladder. It's the old game of thrones um, bane crossover classic uh sent to an igdm all right. Let me check this out. Let me see what my voyager is saying.

Oh i just uh my new voyager thing is: can you guys see this? It says we need a moment. We are behind the scenes, upgrading our systems to accommodate check back soon. So it sounds like if i had a guest or spinning up another aws instance to handle whatever the hell is going on crazy amount of volume uh. This is serious volume like they simply could not handle the like.

Look at this holy guacamole. That's a lot of buying folks, and i i guess they just couldn't handle it now is voyager a wallet yes uh for most of the cryptos uh mine is updating right. There geez geez louise, this is just makes you feel really safe in the system. I wonder what the tech problems are.
I i if i had to throw out my best guess, it's probably they just simply could not handle the volume. It's probably just so many people, because it would be one thing if it was one of them like, oh, maybe, there's a bug, but voyager and coinbase, and probably other brokerages that have shaped down. I'm assuming it's like a pure volume issue. The amount of like network requests - they probably just couldn't handle it.

What else do we have i'm still thinking about this? Imagine this imagine you're the person who's up almost six billion dollars in sheep and imagine you're the one who's locked out like with us hey. I know a lot of people listening right now are probably up a decent amount of money, imagine being up six billion dollars and not being able to access it that person's heart rate they have to be losing their mind. Imagine being locked out like you are that close to being a multi-billionaire to within 400 days, jumping from potentially whatever middle class to like literally forbes list of richest people. You are joining a club of less than 2 000.

Imagine being like locked right out just because of a tech issue just be like eh. We hope we get this back up and running for you soon. I would be in my car on the way to coinbase's headquarters. I'd be like we are figuring this out and we are figuring this out right now.

That would be absolutely insane. Is it? Is it gon na pass it hang on? Do i need to reload this to see? If did it pass it? It's messing around it's right. There i i it's like kind of bouncing up like sheep, has passed doge and then it comes right back under it. Someone on the morning stream asked me: do i think it'll ever pass into market cap, and i said yeah like at some point.

I didn't think it would be happening this early, what a day, what a day, what a day, i hope, you're, i hope, you're having some fun in sheep apes, are never wrong. Mo s changes everything shout out. Pete g5. It's virtually the same thing as taking away buy button yeah.

It has some of the same like aspects to it. For sure i mean. Obviously, the fact that the price is changing is telling you somewhere out. There is changing it, this price movement, which actually hasn't moved now now that i'm paying attention to it, ftx coinbase.

What is eight cap is it trading here. Is it just for? Oh that one just moved all right, so it's at least moving on this like random. One welcome to crypto. I guess this happened twice with doj and it looks like nothing has been done to fix it yeah.

You would think about the insanity of doge that they figured out a way to scale up and they just bought bigger servers to handle it. Um this is, it sounds like many brokerages are down crypto based ones. Uh the market is against me. I have 35 puts and 36 calls on hood 35.50 all day fml.

It knows exactly what you're doing and it's it's playing you against yourself. I know we all. We all feel like that every once in a while is this. This is just insane.
She hang on. Let me get back to ftx, that's a bigger one. I think it is updating in price. Are we getting any movement right here? Yeah there we go.

It's doing something uh, i'm getting a report from han that coinbase pro is working fine, so it sounds like quote: unquote. Normal coinbase is down, but coinbase pro is up. If you have a pro account, matt passed the hopium down bad on amc on amc. The support i'm still watching is the high 37s, like i, i think, there's a reality in which this could additionally drop an extra dollar, because that's just like the closest support.

So in the meantime, actually no i'm getting kind of destroyed on everything. Yesterday was a good day today, not so much i'm getting messed up on. My tesla calls i'm getting messed up on. My dewack puts i'm getting messed up on amc, i'm getting messed up on jimmy.

I very much need cheap to keep going to keep my p l green on the day. Uh normal coinbase is back up on iphone. Someone said uh, i'm still down on normal coinbase, but it does look like my coinbase pro is up interesting, but someone did just say shout out to george. I appreciate you sharing that normal coinbase backup on an iphone.

What else do we have someone said voyager? Did you increase your sheet position? I did not. I didn't want to chase, and i guess if i did chase it would have worked out, but hey could have would have shoulda. My voyager is currently down, but my coinbase is up a little bit ago. It was flipped my voyager was up, but my coinbase was down so flippy floppy.

What do you think about a double bounce at 29 for amc, it's possible, but i'm going to watch the support levels before it like i'm not going to talk about 29, when there's major supports before that, if it breaks below 29, i think people uh. I don't want that to happen, because i think it's going to cause panic in some of the people who maybe aren't as diamond handed they're gon na be like. Okay, like i, don't want people to think that the play is over um we'll have to wait and see, but i guess to clarify there are various levels of support. I am personally watching before we get to the support of 29.

how's prague. Prague is below 4 right now, man, we are just selling off into close today. Um. Anyone who sold amc for shebe is a fraud.

What do you mean a fraud? You can't tell people what to do. I would have never suggested that someone does that, but who are you to be like the arbiter of someone else's finances if someone wants to sell it? Okay, are you much better than the egotistical wash readers if you're telling people what they should do with their money? You have no idea what they're going through you. You can't tell people what to buy and to sell and if they're a fraud or not a fraud or if an ape or not an ape, understand that people are doing what they think is best for them. Um and amc gme like you, regardless of you being in them or out of them, you can still fight for market transparency.
Uh. You can still fight for market fairness. You can still be attempting to better your own financial health and learn about the markets. Learn how to trade to invest and all of that, this concept that people think they can like judge.

Other people, like seriously just shut the fuck up, like it's so weird to me that quote-unquote apes think they can comment on other people's situations and what they should or shouldn't do. Um. That's insane to me. You are not an ape.

You are absolutely going against some of the most core tenants of what an ape is. If you think you can comment on someone else's situation. Who is that guy? I want to kick him out of here now now, i'm all now, i'm all hot and bothered by this guy. Where is he i'm going to find him? I'm going to hunt him down and kick him on out of here too many people commented because i swore and they all get excited when i swear.

Where is he i'm gon na find you man if this guy pokes his head up, he's gone he's out of here? Where is he i'm hunting him? Oh, he he's he's camouflaged himself in a sea of comments. Where is he this guy's he's he's good? This is like where's, waldo and now so many people are commenting you're like protecting them. You're like oh. This is funny all right.

This guy's gon na live to see another day. Maybe he'll come back with a different attitude. The one of the few that got away. I feel like i'm uh.

Sometimes you can't kick them all, because you got you have to keep some of these guys alive, so they can spread. The message to these other people watch every day hold amc the moon. Can you take a look at m e 23 and me four percent gain whoa me it's at resistance right now. If it can break through 1250 you're watching um 13.55.

Do i think it's good to get in right now? No, but if you're already in it like try to ride that up, fingers crossed for the breakout and then pay attention to 13.50, someone said voyager backup right before market closed, voyager yeah, voyagers back up and look at that. It's associated with a pop in price. Interesting interesting yeah on on voyager sheep is trading just below 80.. If you want voyager once again, it's above my head, you download the app you put in that code.

Matt21 and apparently you pick some random coin. You hold on to it for a year and now, apparently, that's the trick to financial freedom. These days, wild wild wild wild. I found him.

It was buffed. 24. 7. finish him.

I miss buff. 24. 7.. I miss him.

I miss him. Someone said voyager's not back up it's up for me. Maybe it's location based, maybe they've like spun back up certain servers. Uh is normal coinbase, backup, normal coinbase is not backup as of now, but it looks as if coinbase pro is trey subway cup.
Anyone who sells amc to pay for rent or food is a fraud uh, it's it's weird, because that's legitimately how some of these people act and it's to new apes. I think it could be extremely off-putting, uh extremely off-putting if people just act like that, like it's just not an inviting group, if everyone like has that opinion of they could just tell everyone what to do and they like yell at you and like accuse you of, Like random stuff, all right, whoa time flies when you're having fun. We only have a whoa the market's about to close five seconds. Look at that look at that all right: ding, ding, ding, ding, ding, the casino's close folks, not the crypto casino and not even really the normal casino, but just like the main room of the casino is closed.

But there's there's many back rooms and other things that you can hang out at um. Pretty much just the options market is closed, but hey not the best day for amc. Jimmy amc down 3.6 percent jamie down 2.4 percent d-wack bounced ripped my face off p-h-u-n bounced. I wasn't in that play tesla, allegedly up two percent, but it doesn't feel that way.

The thing that stole the show today was obviously shebe. Currently trading at 78 hit a high of 88.. This stuff is nuts, whatever you're in, i hope, you're making money uh remember risk reward, don't just focus on the reward. What is your risk point? How bad would things have to go for you to like actually pull the plug on the situation? Um and that's good for any trade or investment you've got to balance out your risk reward and always do your dd.

I will be posting the dark pool thing on coors light and i'll tweet it out, because people need the information um, there's too much false information going around in this world and the fact that chart exchange came in and like actually clarified it. What other proof do we need um, so i'll make sure to get that post and i'll tweet it out just so more and more people can see it, but i do appreciate all of your time. I do appreciate all of your support. I hope you had some fun.

I hope you learned something something i will be back tomorrow: 9 a.m, bright and early, we'll do 9 to 11 and then, of course, we'll do power hour from three to four. I hope you have an absolutely fantastic evening night afternoon, wherever you're at. I hope you have a good one. I will catch you bright and early 9 00 a.m tomorrow.

Thank you for all the support make sure to check out coors light we're going to be posting. Some clips there, if you're, not subscribed there already, if you're, not subscribed to the main channel, make sure you do all that stuff. It does help me out with the engagement on youtube's algorithm, all that fancy schmancy stuff, but really, i hope you have an absolutely fantastic afternoon. I hope you're able to hang out with friends family loved ones.
I hope you have a good one i'll catch you tomorrow and, as always from me, and share best of luck in the markets. You.

22 thoughts on “Ep 121 market volatility increases earnings season continues dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars uk7769 says:

    This is what the hedge funds wanted. Classic divide and conquer. Distract with all these other pump n dump stock plays and crypto bullshit. Tragic. The short squeeze theory I still believe, but it will never happen. Why??? because too many so called AMC 'apes' simply aren't holding.

  2. Avataaar/Circle Created with python_avatars Seashells & Dreams says:

    Shib!!!!!!!!!!

  3. Avataaar/Circle Created with python_avatars Muhammad Rakhshan says:

    Sir I just cannot tell you how much I admire your trading style. So simple yet so elegant. Always keeping risk management at the top. Have been trading with Scott Huffman for 8 months and yet no losses, when you’re good you’re good! God bless you sir ❀️

  4. Avataaar/Circle Created with python_avatars thesixburghkid says:

    The market should run on Blockchain, it would be fair and transparent!

  5. Avataaar/Circle Created with python_avatars KDG Adventures says:

    I'm confused. All I got is DP are fine. So why do we care about PFOF.

  6. Avataaar/Circle Created with python_avatars KDG Adventures says:

    So why the volume of amc trading in the DP is %70 of the daily volume. "Rarely" doesn't explain it.

  7. Avataaar/Circle Created with python_avatars Eric Mexicotte says:

    YouTube Music has Burn list as well

  8. Avataaar/Circle Created with python_avatars Eric Mexicotte says:

    Bought in at .000009 in May. SHIB

  9. Avataaar/Circle Created with python_avatars Chris Roberts says:

    Im in shiba inu and I have never felt so proud of the shibarmy I've been holding since may 2021

  10. Avataaar/Circle Created with python_avatars Grace Zavrel says:

    <<Amazing post mate, BITO hit 1B in trading volume on day 1, was the second largest ETF launch ever and was nearly the most traded ETF overall yesterday. If the SEC was concerned about demand from institutions for a Bitcoin based ETF, they can set those aside and go ahead and approve a real ETF. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets.More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.I have made over 13 btc 4rm day tradn with Cliff Josh's insights and signals in less than 4 weeks,this is one of the best medium to backup your assets incase it goes bearish…

  11. Avataaar/Circle Created with python_avatars Brock Breitenberg says:

    Mr Brian C Nelson is the best recommending him to all beginners who wants to recover losses like i did

  12. Avataaar/Circle Created with python_avatars TheOne says:

    Dark pools for amc def aren’t 4%! Cmon Matt wit the false info πŸ€¦β€β™‚οΈπŸ€¦β€β™‚οΈ

  13. Avataaar/Circle Created with python_avatars Sjfienrvjs says:

    He doesn’t own any amc shares!! Hes just milking YouTube viewer pay

  14. Avataaar/Circle Created with python_avatars Jose Eriksen says:

    Bough 200$ at .000039

  15. Avataaar/Circle Created with python_avatars Christopher Sojka says:

    I get what this guy is trying to say… But we are all on the same page with "off exchange" and "dark pools" We all literally aren't dumb… Whatever isn't going to a lit exchange from retail should be…

  16. Avataaar/Circle Created with python_avatars not politically correct says:

    Buy shiba before its to late 1.00

  17. Avataaar/Circle Created with python_avatars Shiba Emoon says:

    Shiba Inu continue to defy critics. It's going to that 1c. Many thought it was going to be Doge but it was a bit too early. Doge will have its doge day when Tesla accepts the coin and SpaceX paints the dog on their rocket. But today we are in the perfect storm geopolitically and domestically. Shiba Inu is the one.

  18. Avataaar/Circle Created with python_avatars Jorge Delucas says:

    Each share should have a serial number. For instance, AMC has 513.33 M shares in existence. Each individual share should have a code identifying that particular share.

  19. Avataaar/Circle Created with python_avatars Smith David says:

    Investing rightly today can save you a whole lot of stress in the nearest future

  20. Avataaar/Circle Created with python_avatars Driver817 Avila says:

    Should we worry about the unrealized capital gains tax??

  21. Avataaar/Circle Created with python_avatars mrgfspliff says:

    Done already huh? Wow

  22. Avataaar/Circle Created with python_avatars Noah Reyman says:

    What I miss? Did shorts cover? Here for the like…See ya ✌️

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