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Dumb Money w/ Matt Ep. 145
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So roof: what's going on moon gang, mama, mama, mama, mama moon gang happy monday morning, we are back at it again daniel and, of course, we are always dumb money. What is this a market for ants happy? What is it november? 15Th, whether it's your morning your afternoon, your evening, your night so happy to be with you right now, i mean it looks like we're. Gon na have a very exciting week. Out of us.

I am particularly excited for some of the moves and volatility that we're. I think fairly expecting this week, as you can see, amc already coming in right now, currently, trading pre-market, 40 52 gme trading at 203. Tesla is down. Of course.

It's the weekend. The weekend just concluded, which means elon had to say some crazy stuff. We already got movement there, s p, 500, already gunning. It looks like for a new all-time high, a lot a lot of things going on kryptos, hot hot crip.

I tweeted out that i'm a hot tamale. You know who's the real hot tamale right now. It's it's crypto, bitcoin, looking good ethereum, looking very good solana looking good. Even she waking up just a lot, a lot of movement so as we're getting more, i guess prepared for the day getting our head screwed on right.

Let me give you the quick setup of what you need to know, so the dow said to jump 100 points after breaking five-week winning streak. First of all, why are we using the dow? The dow for many years, has not been indicative of the overall stock market? I don't know is it just because the numbers are big, so it's fun to say like it's up a thousand points, it's down a thousand points like it seems weird to me. The dow is a poor representation of the overall market. We should be using things like the s p, 500, 500 of the biggest companies in the us instead of the biggest 30..

The dow is a really really weird metric to for us to all use, but anyway i don't want to go on a tangent on that. So what you need to know s p 500 this morning it is gapping up. The all-time high from two fridays ago was 470-655. It does appear as if we're going to be testing that today, so i'm looking for some strength, i'm in judging on the pre-market um.

Let's see how this plays out, but we are within striking distance of an all-time high and just so you know over the past week uh the s p 500. It did drop point two, seven percent, but over the past month it is up seven point. Four percent really actually, besides the last week, all the other major time frames are in the green right now, i'm looking for support in this region, the low 460s we're looking for the tests and the breakout to a new all-time high. Now i know a lot of you are saying: whoa matt that doesn't make sense.

What are you talking about in all-time high you're talking about like this month right like this year like this decade? I'm talking about all time like all time, all the time like ever since they're, like hey, let's make this thing called the stock market and then sell backdoors to companies like citadel ever since the dawn of time of this particular us-based stock market. All time now, a lot of you might be scratching your head and say, but hang on a second hang on just one. Second, let me let's rewind all the way back to pre-cove and say we're up about 38. You know, let's be nice before i get myself too mad.


Let's just call it 35 for ease of math nah, let's be accurate, let's call it 38., so we're up 38, and this is i'm, i'm not counting the covid drop right here. I'm i'm just saying right before the market got hit, so we're talking about february 2020.. Now i don't know about you, but a very fair question is: do you think our economy has grown by 38 ever since that moment, from february pre-covered sell-off from that moment till now, are we actually up 38? Has there been 38 growth or is a majority of that 38 from inflation? I have my strong, strong opinions that, yes, it is because of inflation, but hey to each their own on that one, the q's very, very similar to the the s p. 500.

This is more the tech heavy top 100 stocks about 50 of them are tech, same thing, a little bit of a gap up not too far away from the all-time high russell 2000 small cap stocks. Amc happens to be the biggest one very similar shapes in all of these charts, this the spy, the queues iwm, all of them ever right before the moment before the covet sell off in february of 2020 from then. Until now, all three of them have grown by a considerable amount and apparently has so everything else. Everything else is more expensive.

In fact, i was just reading this morning that, if you're in california, the average gas price gasoline price um is now 4.67 68 cents per gallon, that's the average for the state of california, which is actually breaking the previous record, all the way back in 2012., um Oil, it's taking a little bit of a breather right now. I can't be too, like i mean it's taking a breather because there's more pressure on the government to tap into our own reserves and now that there's mounting pressure from a political standpoint, we are seeing oil come down because, obviously, if we go into our own reserves, That increase the supply demand roughly staying the same. That should help the price go down, but just everything's, expensive, coffee's, up sugar's up all forms of meat are up energy housing. Everything is up even labor.

Uh hourly payments are up. The issue is hourly, payments are not up by the same degree as everything else, so it's still a net loss per person or at least in how how far you feel like your one dollar can go for you and i'm gon na get into this. In a second, when i have the details to show, but basically in the past hundred years the value of the us dollar has dropped by about 91. Once again, in the past hundred years, the value of a u.s dollar has dropped by about 91 percent and what was the metric in may of 2021 40 of all the money in the system had been created in the past year, so back in may uh.


If you take, may may may, from 2020 to may of 2021 right there, that's 40 of the u.s money supply was created within that year, which is just it kind of starts to add up when you're like oh yeah. No, that makes sense why everything's be being devalued so much. So how can you take this on, though, like i know, i'm just spitting facts at you and it's like well, okay, like how should we interpret that? What could we do with that news? Well, right now we know that they've just started as when i say they i'm referring to the federal reserve. They just started their tapering, so they have been purchasing 120 billion dollars a month of bonds of corporate bonds, municipal bonds, treasury uh, all that stuff and now they're tapering it by 15 billion a month.

So 120 minus 15, then that minus 15. so november they cut off 15 billion december they're cutting off another 15 billion, and that's going to bring us to roughly june july of this upcoming year of 2022 and then we're expecting our first rate hike most likely by The end of 2022, maybe the start of 2023, depending on how bad this inflation truly is and what they want to do with that. Obviously, that's something to really consider, but with all of this, what you need to know in terms of i guess, your life, your p l, your bank account all that stuff. Is you got to know the situation? I don't want anyone to be scared about it, like just know.

What's going on, it's so much easier to play the game if you understand what's going on in the game besides, just like pure hope like remember, it doesn't matter the market, whether it's up down sideways backwards, there's an opportunity to make money. You just have to better know the game that you're playing so like if you're worried about inflation. Okay, you look for things that are inflationary, hedges if you think in the meantime, our government, basically congress and then also on top of that the federal reserve are going to keep pushing the market higher and higher and higher. Okay.

Would you stay in the market, then? Um, my point here is to i guess, to the best of my ability, because, like i'm not beholden to some giant mainstream media like conglomerate, it's to express the truth of what's going on, i i really don't um i mean i guess i don't have that much Weight so when i'm stepping on toes it doesn't really matter that much, but it's all about just trying to explain the situation opposed to, like all the like, the fancy lip service and two-faced speaking that we really get here. So yes, inflation. It's considerable right now we're breaking records. The cpi came in last week.

We hit a 30 year, we tied a 30-year record or no, we broke a 30-year record and then the producer price index actually tied like a 12-year record. Something like that. But it's up up up, you just got to know the game, the more you know the game, the better your opportunity to be successful when playing that game retail earnings to reveal how consumers feel about economy inflation. So this is a little interesting.


So we know this. The consumer price index - this was last week - 6.2 percent, the biggest inflation surge in 30 years. The day before this, this was wednesday of last week. On tuesday we had the producer price index that was 8.6 and now we're going to get a little bit more of an idea.

So on tuesday we're going to get the retail sales. Like that's another government report that we get, but on top of it we have very important companies and we're going to get an idea of what retail is actually doing. For example, before the market opens, walmart will be reporting, that's worthwhile to pay attention to, because is the average person buying more? Are they not buying more and then on wednesday? We have target. So those are two in terms of what's the average retail person doing very.

Very interested in paying attention to that in a certain way. You could also argue lows, but that's a little bit different, so i'll be paying attention to those three, but on top of it just for me in the tech world, of course, i'm paying attention to in in video which is after the market closes on wednesday, and Then also before the market opens on thursday we have alibaba, macy's is in there. Kohl's is in there jd ross um right now, it's a big retail week, which will be interesting for us, because a lot of people are starting to talk more and more and more and more about this inflation thing. Well, now we're going to see at least over the past fiscal quarter, how all these individual companies actually felt with it.

I mean walmart home depot target lowe's nvidia, alibaba, macy's, jd, kohl's, there's there's a lot. There important ones all worthwhile to pay attention to all worthwhile to pay attention to, and i just think it's funny because it seems like something is brewing in the back end and i'm not here to call for doomsday. I don't want to be an alarmist. I don't think it's ever really beneficial to be someone who's fear-mongering.

It's just hey. I like to know the situation in the game, so there's a better chance of me and all of us really to capitalize on it, but i i like over the weekend. I honestly could not stop thinking about this fed says: meme stock poses risks to financial stability. Now i hope that my my opinion, i hope i'm wrong.

I really really do because to me it seems like not too different from 2008 2009, so i was young back. Then i had to actually like research, some of the articles um i was, i was a young lad. I was just in high school, but now that i've researched some articles and i've talked some people who were a little bit more. I don't know mature and adult-like during that time to my understanding when it came to 2008-2009, it was always the classic.


Let's just blame people, and at that point it seems as if they blamed in 2008 2009, like lazy, lazy workers, immigrants and even that time i think teachers uh. That was the people who were like this is why the system got messed up. It was because of you, you and you it wasn't because of wall street. It wasn't because of politicians.

Of course, why would they ever take blame and this time, if things do go south? If inflation, i know, i know we're, told it's transitory. I i'm fully aware of that. Like hey, no, it's just here uh for a little bit, don't worry about it and then, in real time you have powell, like literally changing the definition of transitory he's like yeah. No, it just means like as long as it's not here for the next like 14 000 years, we'll call that transitory and then he's fascinated that people care about it like it was almost um.

He was taken aback like he's like i don't know why. So many people are focused on the fact that i called it transitory. It's like dude. What are you talking about like for him to be that disconnected and then, of course, yellen's there like supporting him as well? It's just so frustrating and it's it's not too different from specifically what got going with the apes and amc and gme is just the average person just trying to get through their day we're treated as if we're just so fucking stupid and there's no way.

We could possibly understand it like that's always it's it's that narcissistic egotistical standpoint of like no no way could you possibly understand it. It's always going to be your fault. When things go wrong, we never mess anything up. We have the fancy pedigrees for that.

Those fancy diplomas on our wall trust us we're right, you're wrong. You don't know what you're talking about take a seat and that that just overall, like that persona that permeates like, through the fabric of like us, society, culture and i'm assuming the rest of the world, not that i can fairly comment on. Like other countries, society, culture and economy, but, like i'm sure it's somewhat representative and once again when they mess up, it's never ever taking blame. So i was sitting for hours this weekend and that's why i said i was a hot tamale.

I was sitting there and seriously this headline fed says: meme stock poses risks to financial stability. This is insane it's another example of them. Trying to push off the blame of saying, hey, we kind of told you it was these people in their sweatpants on their couch, who just downloaded robinhood. That is apparently the risks to the entire financial system.

That's that's insane, like the balls on them for to even say that to be like yeah we're just gon na like clearly push it off it's so incredibly infuriating anyway, i digress biden plans to sign one trillion. Infrastructure bill names, the coordinator. I believe it was the right here mitch. Formerly the mayor of new orleans will be the one shepherding this one trillion about.


550 billion will be for, like highways, ev charging stations, all that good stuff um. So this once again is the infrastructure bill, but the the spending bill uh, the whatever it's called. I think, what's it like building back better, i forget the exact name of it, but that is uh allegedly going to be voted on the house this week. That's the one: that's 1.85 trillion, so two different things going on infrabill spending bill.

The infrastructure bill already passed um, it's expected for biden to be signing it, and then we have the building back better spending bill that the house will be discussing allegedly this week. On the other point of the political front, before i get into the the virtual meeting between the president of both the u.s and the people's public republic of china, we also had this cop26, which was just many. Many countries came together and they were discussing the climate, global warming, all that stuff um. So one of the interesting things that came out of it is there's going to be a whole market now for, like a mission credit, so basically, all these countries sign and they're each credit is roughly representing uh, like a ton of admissions, like literally like a ton Like a metric ton of emissions um, so i thought that was kind of interesting there's going to be a market that allows them to actively trade.

These emissions back and forth, like these emission credits, and all i could think, is man. I really really hope that citadel is not the market maker for this particular market, especially when it comes to them trading emission credits. So, let's be on the lookout for that. Let's make sure that uh somehow for this, like global effort to improve the world, that uh citadel isn't swooping in saying: hey, we'll be the market maker, don't worry about it, we'll do it out of the goodness out of our heart uh.

We should definitely be paying attention to that one. Okay, so anyway, taiwan may supplant tariffs, supply chain disruptions at biden, chi summit. So once again they are meeting this evening. I think it's around 7 30, like east coast time, if that, like actually matters to you um so they're gon na, be talking about a lot of things, obviously supply chain what's going on in taiwan.

Um tensions are not the best uh. I was reading a little bit about it and they're basically trying to make sure that tensions don't get worse. I believe the words that bloomberg or new york times use was they're attempting to set some guard rails, so things don't get even worse. That's! What's going on! It'll be interesting, of course they have to talk about supply chain.

They have to talk about the environment, they have to talk about taiwan, they have a lot of things to talk about, and the expectations are nothing besides. The fact of, let's cross our fingers and hope that things don't get worse apple sticking, taxpayers with part of the bill for rollout of digital id card. So this is interesting. This is actually very interesting in the wallet app if you're, an apple user on your phone.


Like previously, if you've flown before something like that, you can store the ticket there, you just open your wallet and you're like hey here's. My boarding pass well they're, actually kind of getting rocking with that for your actual identification, such as your, like, whatever your state based license, i think georgia, georgia and arizona are said to be the first states to offer driver's licenses in the wallet app. But what's interesting about this is critics question such a relationship requiring taxpayer money that ultimately benefits apple and its shareholders by making the company's devices more essential? So basically, this is crazy. It it's what we've seen previously, where you almost have these companies who, what what's that term they're they socialize losses of if things go south the government steps in.

But if things go well, all the profits are privatized so right here, apple apple as a company and apple's shareholders will benefit from this. But taxpayers, especially if you live in these individual states, you're the ones helping it. I guess go higher because some of your taxes are going to it, which, which is just insane um. That's that's like just comical of like okay, we're gon na help it go higher and higher and higher um, but hopefully you're in apple or really it's the the big wigs at apple that are really going to benefit from it.

Um kind of interesting definitely worthwhile to pay attention to. On more of a lighter note, this is hilarious, so uh this morning we have ryan cohen tweeting. I have a small wee-wee backwards and then you have me commenting same um so that one was funny interesting. You know always questionable.

It just seems like all these ceos and leaders of companies and board members and chairmen are kind of, like i don't know, what's going on what's in the water, this particular month of the year, but all these rich, powerful people are going a little bit nutty lately, Like uh, and by a little bit nutty, i mean like, like squirrel, shit nuts um. This is it's insane so yesterday or yeah two days ago, bernie sanders tweeted out. We must demand that the extremely wealthy pay their fair share period elon. He must have been like warming up his thumbs because he was firing off some hot tweets once again, and this became like a hold the debacle over the weekend.

I keep forgetting that you're still alive, which is like. Can you say that i don't know? What's going on with elon versus the entire us senate, but um wow, wow, wow, wow uh, and then he followed up want me to sell more stock. Bernie just say the word now, michael bury actually the guy from the big short who properly calls the called the housing market crash. He came in, and he said this is all just for show like he buries opinion of musk is musk knows that the stock is way overvalued.


He doesn't necessarily need the cash he just wants to sell stock to lock in some of these gains, because he doesn't think that tesla's valuation will be sustained. Well, i mean that's: every person is going to have their own opinion on it, but this is just it's getting insane like these uh. I i guess how people are interacting people of the way people of power are interacting with each other, but on a completely different note, due to inflation, 420 has gone up by 69. Of course his crowd's getting like that, and then this is what we were talking about before purchasing power of a hundred dollars over time.

So in 1950, that was a hundred dollars now we're down to eight dollars and seventy cents. So in 70 years a hundred dollars lost 91.3 of real value. Inflation is the most regressive tax of all, yet it is advocated by who claimed to be progressive um. I mean that obviously could be debated right there, but if you happen to think yes, the us dollar is losing value and i want to save some of my value a lot of people.

I i think that brings up the legitimate argument of what is going on with crypto uh. For the longest time, people really thought of gold as the store of value, but then that got wonky with basically nixon in the 70s uh early 70s. When he's like nah we're going full fiat, we don't need this like gold standard anymore, that's silly! So for quite a while. That was always the general investing thesis is if you're worried about inflation just put park, your money in gold and bitcoin came onto the scene in 2009, i would say in 2016-17 it really started to get like the attention of, i would say the mainstream public, but Now, this time, with it being even higher and inflation being more serious, it's turning even more heads of people saying.

Why would i stay in cash when i might be able to park my money somewhere else that could retain some sort of value and hopefully outpace inflation? Um so right here i mean a lot of people are paying attention to bitcoin aka digital gold, uh all-time high 69 000. Currently it's trading at 65, 000 right now. I would not be surprised this week give myself two weeks, but i wouldn't be surprised if it happens this week, if bitcoins had a new all-time high ethereum almost had a nice breakout. The all-time high of east is almost 4 900 trading at 4.

700. Almost had this trend line, breakout salon is waking up even sheeb's. Waking up a lot of crypto is waking up now. Some of this movement with btc involves tap taproot bitcoin's long anticipated upgrade has activated so just what's the skinny on this taproot.

The long anticipated bitcoin upgrade was just activated over the weekend, opening the door for developers to integrate new features that will improve privacy, scalability and security of the network. That's your takeaway of what you really need to know unless you want to get into the weeds of this technology, but it's better privacy, scalability and security for the network. What you want to know like for those of you who are like no hang on give me a little bit more of the the minutia there what's going on. So it's all about the signatures.


So previously the cryptographic um and that's going to be the security of it, the mathematical model of like how we know it's really not going to get hacked or anything like that. It all comes down to these signatures. It's been using an ecdsa for its digital signature, but now they're upgrading to the schnorr schnorr. However, you would say that this was first recommended back by in 2018 by greg maxwell.

Finally, just got implemented and taproot upgrade upgrades to a different scheme called the snore. Every transaction using traproot will now use this digital new digital signature scheme, adding new capabilities designed to boost the privacy, security and scale of bitcoin transactions. It's it's linear, they're, smaller, it's just a better technology is really what you need to know. Scalability privacy um are the main things and then, as always, security speaking of other crypto stuff.

This is kind of fun barbados to become the first sovereign nation with an embassy in the metaverse. So i don't know if anyone from barbados is listening right now, but congratulations that that's just fun. First, one we're getting these digital embassies uh. I like it.

I like the sound of it and i would not be surprised if people will be following suit with that. One um like just all these other countries are like hey. We want an embassy in the metaverse too um, so just a little bit of an update on that. For you, we went over all of elon and ryan cohen's things and now.

Finally, let's talk about amc and jamie just so you know to start the day off. Amc has an estimated short interest of 16.44 utilization of 82 shares on loan of 94 million in terms of gme. The estimated short interest is 8.72 utilization, 31 and shares on loan of 6.3 million gme shares on loan have been out now for over two months 63 days. This is probably the highest we've seen it all year and amc shares on loan have been out for 75 days, uh just trying to give you the breakdown there of.

What's going on today, i'm interested in what the overall market does. Are we gon na hit a new all-time high? Of course, amc jimmy amc i wanted to hold 40 would love to see that break out about 41, the high 41's basically 42 and jimmy retaking 2 12-ish 215-ish would be great, but i also want to pay attention to tesla today, not just because of elon's tweets, But basically, last week we now have the information that he sold about seven billion dollars worth of tesla stock and it seems like he's trying to sell more. So i'm just curious if it's going to be able to hold on to a thousand dollars or not uh. Tesla tesla, it is gapping down by about 15 bucks, 1.5 percent, but uh i'm very curious about how the public's going to react to this, and just like the obvious notion that the ceo is offloading some of his stock.


So we're going to find out the answer to that in less than five minutes, so that is the wrap-up i have for you or i shouldn't say wrap-up. I guess it's, the wrap-up and the wrap-up of the rundown of being dumb money. That's what we're dealing with today, those are all the movers and the makers. So let me turn this back to you and get to some of your questions before that bell goes ding, ding ding hang on.

Why is this not loading we're having some tech issues uh going to the moon song? There's two songs there uh to the moon is one of them and that's by the grillionaires and the other one by the grillionaires is show me. The money spider-man trailer drops tomorrow night. If it has all three generations spider-man, i think ticket sales will go wild um. So on sony.

Let's check out that chart sony is actually a pretty solid. Looking chart i mean it's high, but also your risk isn't too far away. If you want to be conservative with it, you could risk 121. So only a couple bucks, but i also don't i mean sony - is a 152 billion dollar company, an individual, uh, successful or non-successful movie, probably wouldn't move the needle on it.

I mean it's a giant company. I don't see an individual movie like really impacting it to like a notable degree. I mean some of our best movies. Ever are two billion dollars either avatar or the one avengers movie are two billion uh and then, by the time, you're looking at profits, and all that i don't know what the best spider-man movie is.

But you have to also like just compared to how big is sony uh. I tried to tell you about chibi inu early on digital lottery, tickets, uh, sweet, we're the government and we're here to help uh finding this wyckoff theory stuff super interesting from a game. Theory perspective thoughts and speaking of squirrel shit, nuts where's brendan um, so i don't think wykoff. My understanding of wykoff doesn't really relate to game theory.

I mean wyckoff to every time like i've, read it and used it. It's all about accumulation and distribution, not game theory. I would need a little bit more of a breakdown on that drake of what you're referring to thoughts on sheba light. It's a litecoin to shiba inu, it's coin market cap seems that big potential.

I have no thoughts on it um. I don't i my first question would be like: why is it different? What's different about chiba versus sheba light like? Why would people switch over to that one? I think they got people to switch from doge to sheba, just because it had a more built out ecosystem that excited people. So when it comes to new project, just because it's new and it's cheap doesn't mean that it's good. What sets it apart? I have a thick course: elon is planning on selling more tesla seems like it.


Um definitely seems like it. Uh suzanne shout out. What do you think about federal in motion? Something is brewing. Um, wait, federal, oh oh with the uh marinara place, so mr boule uh.

We would have to be patient and just see if it continues today uh we could pay attention to till ray s. You know all that stuff um. We know that there's been a little bit of movement on from the federal government of what's going on with marinara legalization, i believe who was it. Elizabeth warren wrote to joe biden to basically pardon and expunge everyone for anything related to a marinara charge, so that could get some excitement.

But we have to pay attention to the bills and the committees are in and that whole thing of how a bill becomes. A law we'll just have to end up tracking that so we're getting some early on baby steps. Uh, it could be better, it could be worse, but hey it's better than nothing. I suppose all right, we are waiting.

Ding, ding ding. The casino is open all right. So this isn't necessarily a widely held rule by many people, but it's a rule. That's helped me become a more profitable trader, a more calm cool collected, relaxed trader, especially on mondays.

I very much like to wait those first 15, 20, 30 minutes and just see what kind of trends are being built like. I don't want to get whip sold like right in that morning. Volatility - and i also very much very much don't think there is an edge to creating an options position right out of the gate, because generically volatility's too high. I have no issue with getting out of an options position, sometimes that's actually advantageous, but to get into one.

Unless, like volatility, continues to increase and price continues to go in your favor, you're, probably just overpaying on premium, what do you think about volvo car b? I don't know anything about volvo car b. I'd have to look that up. Let me give that a quick search. Volvo car b, what do we have? Volvo car surge in training debut after 2.3 billion ipo volvo cars gives itself an eight billion dollar price tag and cuts ipo size interesting.

So just another automaker play, i suppose right now, the one that's been stealing everyone's attention is rivian uh, rivian's still hanging out in the range of 130 dollars, which is definitely noteworthy rivium over like more valuable than ford, more valuable than gm um rivian. I i am surprised how much it's holding very much surprise. I mean people are just excited about rivie. Actually, let's see how riven is doing right here, rivien at 131.

What's the all-time high on rivien, the all-time high is 135 uh small gap below it, but still still cruising remember, ipo'd at 78 opened up at 106.. Currently, trading at 129.. People are very excited about the future of ev, specifically rivium, lucid trading at 46.. Lucid to me is a very obvious gap-filled play up to 56..


I am not a financial advisor, i'm not telling you to buy, i'm not telling you to sell. I just think there's a statistical edge, an advantage to playing lucid all the way up to 56 and maybe you'll get lucky. You know push even more but lucid. Lcid is a very strong looking chart and right now you could just risk 39.40, so you could risk about five six bucks and make maybe 11..

So that's a two to one, a three to one setup right there. The risk is well defined. The reward is well defined. You just have to ask yourself: okay, like do you like, whatever the perceived odds of the situation is, maybe you don't want to play that um? Obviously, if you play options, you're making it a little bit more complicated because you're saying okay, not only do i believe in 56, but you leave believe in 56 in a certain amount of time, so that does obviously complicate it a little bit uh.

If you want to be still play that you could always play something like a credit put spread, you could sell the 30 eights and buy the 35s like you could play that the same way that would still be a bullish bet, there's various ways to play it, But overall i'm i'm personally bullish on lucid uh, definitely bullish on lucid. I see some people talking about sndl sndl uh. This will be more interesting to me if it can get above friday's high. So please alert me to that.

If we basically get to 96 cents, i would want to see uh. I don't want an inside day. So when i say an inside day, it's when the candle, the bar that we're currently dealing with is perfectly inside the previous bar. That's an inside day inside days, statistically they're, actually a bit more rare than any of the other chart, setups um, but with it beyond the fact that they're kind of rare there's just no direction to it.

You can't see a trend. The bulls aren't winning the bears. Aren't winning it's a neutral day uh, so let me know if it gets above 96 or below 80 and let's see if we can see some trend being established, all right spy trying to make up it's mine q, trying to make up it's mine iwm, going a Little bit red uh. What else do we have is rivien on the move riving a little bit red? How is draftkings looking dkng, maybe hopefully starting a bounce back pen still low ever since its earnings hit there? What else do we have? What else is moving? What else is making some swings? Loop ring strong cardano hanging out above two.

Unfortunately, cardano hasn't moved in a bit solana. Looking strong prague back above three would love to see prague holding 350. all right, sweet, sweet, sweet, good setup for the day. Let's see how things start to play out, what's your opinion about option straddles i mean if you know what a straddle is, then the appropriate moments to use them.


It definitely can help you make money uh, i'm not like a it's not like. I'm training straddles every single week, but i all commonly trade straddles straddles strangles. I think some of those i i i don't want to make it seem overly complicated and say more advanced strategies. I mean, i guess technically, they are because you're dealing with two options as like a singular position, um, but don't let that scare you away like.

I think, if you're listening right now and you give it the time, you can definitely understand what is or isn't going on with those like. I don't want people to think that it's far too complicated for them to understand it just takes time people like to throw out. I guess people like to throw out these terms and overstate the difficulty of various things to make themselves feel better. When it comes to options, is there a steep learning curve? Yes, are you capable of overcoming that learning curve? Also, yes, uh check out muln ev play er tomorrow.

Low flow, debating suv at debuting suv at la auto, show m uln uh super like not only a low flow but also crazy low volume. It doesn't trade too much it's a 13 stock that trades 2 million shares seems pretty low. To me, like i like to trade stocks that are more liquid, amc is having a great great day, amc currently up 2.75 uh we're looking for that breakout. Let's just basically call it 42., all right, cool cool cool love, listening daily brother amc to the moon dwack.

How is dwack? Looking the shell company of a shell company uh interesting dwack is up 2.6 percent hanging out at 61.. I'm still surprised it hasn't. Gap filled down to 52. I still think that's in the cards for d-wack matt.

What is your overall opinion on the market? Kenny g says: frothy murray, says largest bubble of all time thoughts. So my thoughts on the market right now and remember: i'm i'm a 27 year old i've traded for about a decade. I started trading when i was actually a little younger than 17, so it's been over a decade. I would say: i've been taking it as like.

A serious like aspect of my life now for like three or four years, but i've been trading for over a decade um there have been people who have been training for four or five decades. So i'm just trying to under like get everyone to understand that. I'm not the end-all, be-all commentary on the market, so not some like master traitor that everything i say is 100 accurate. These are just my own thoughts.

Sometimes i'm right. Sometimes i'm wrong with this. My opinion is, in the short term, i'm going to remain bullish, but i'm going to remain bullish on my toes. I want to make sure that when things because i think when they turn they're going to turn rapidly, so i'm just i'm watching it every single day, bullish, bullish, bullish and when i see things start to bend over.


That's when i'm like. Okay, maybe it's time to lock in some of these long-term gains, maybe it's time to start to position myself to take advantage of a potential market correction uh. I like i said before, i'm in no way trying to fear monger call for doomsday anything like that. Right now i am long on the market.

I do have exposure bullish exposure to the overall market and i'm going to remain that way until the chart tells me to switch. I'm not just going to arbitrarily be sitting here, saying, hey, correction, correction, correction, because that's how a lot of these trading gurus do it. If you keep saying the exact same thing over and over and over again, eventually you're gon na be right that, like no one calls these people on their bullshit they're, like hey correction, hey correction! Well, anyone can do that. If you sit here - and you say, market correction every single day, eventually one of those days you're going to be right, so these people who put out those types of predictions, is there any utility in it when you're not giving a time frame? For me, i watch it day in and day out from a seasonal perspective.

I'm pretty much from this point. Once we get over the the hump of thanksgiving there, there is a seasonal - i guess downtrend right around thanksgiving, but when we get on the other side of thanksgiving from then until about the first week of january, it's seasonally pretty bullish and as long as like the Fed doesn't kick in the door like the kool-aid man and say yo we're raising interest rates now and that whole tapering thing well we're going to zero next month as long as they don't do something like insanely wild. I think seasonality will prevail, but with that i also understand that things are a little bit. What did you say that kenny g said frothy? I honestly think yeah.

Okay, frothy is a good adjective for this scenario, which is why i'm mentally prepared for making a shift when i need to i'm not just gon na blindly be bullish for the next half year. Casper cspr, what's happening your thoughts, p uh. I think casper it was announced a buyout. They were purchased, i believe for 300 million dollars, which is kind of weird, because previously they've raised 350 million dollars.

So you're, like where'd, that extra 50 million go um, but i believe they have earnings tomorrow and i think it was announced that they were being acquired. Casper news to be taken private by pe firm yeah, so the casper's being bought out casper like the the mattress company, all right, prague having a good day up nine percent uh tesla down 2.5. Once again, the line in the sand on tesla's pretty obvious. It's a thousand bucks, that's a key psychological level.

I'm curious will demand, be there or not uh gamestop, very low volume. This has been the trend for the past two weeks on gme uh. We need excitement to return to gamestop. I still have my gamestop, i'm not touching it.


I'm just saying hey, the volume is obviously low. Amc is looking to have thus far a very good day. Would love to see that breakout and hold of 42. any idea what made matic drop so much recently.

I think it was because it's run so much seemed invincible for a while. I mean things aren't as much as like we want it to be. Things aren't always green green green. When you run quite a bit, it's natural to take some sort of uh breather.

That is a i would argue in natural cadence of a market cycle. Uh consolidation, expansion, consolidation, expansion - there just isn't enough money in the system, or especially an individual crypto equity etf to sustain a move continually higher and higher and higher um. I i don't know how many of you are like actively paying attention to amc twitter uh, but i need to make something explicitly clear: there was a well-known person on amc twitter who is saying that buying the dip is similar. It's like this, he actually said is the same as selling short.

I want to make this explicitly clear that is 100 verifiably wrong buying the dip is not in any way similar to selling short. I i don't know why someone would say that that is a person who does not know about the market. This is this is not an opinionated thing like. Oh, i could see it this way.

I could see it that way. That's actually just factually wrong um. There are certain points in time, especially when you're talking about the market, where it's not an opinion, it's very much of like no. These are rules of supply and demand, um, i'm not going to call a person out directly by their name, because i don't know the point in that, and i know it doesn't need to be a bigger thing than it is.

But i just you could take this to the bank buying a dip going long on the stock when you're it's dipping is in no way similar. In fact, it's the opposite of selling short. I need to make that so freaking crystal clear to all of you. Okay, please please, please understand that this is not an opinion.

This is fact uh. Do you sell when the rsi falls to levels of the start of a bull run? No because rsi it depends on when you're so rsi the way it's calculated the relative strength index here i could throw it up just so. Everyone can see it right here, rsi relative strength index. Let me change the colors just so it's a little bit more visible.

Rsi we'll do this one we'll do this one we'll do this one, and this okay, so rsi is over here on the left. Um you rsi is referred to as, like a momentum oscillator. I just want to make this a little bit bigger, so everyone can see it and all right. I think this is probably the most visible so right here i threw up the rsi rsi relative strength index is one of the most common technical indicators in the entire market.

Many many many stock market traders - investors participants, use the rsi what it is. It's a technical indicator referred to as a momentum. Oscillator, it goes up, it goes down. It has values of 0 to 100.


Anything above 70, 70 to 100 is considered to be extremely bullish and anything below 30 30 down to zero is considered to be extremely bearish, and when you get into these extremes above the red below the green, it's common to think that, like hey, you need to Take some sort of breather so right here when you get into this extremely bullish territory like we were at 9 35 on the one minute chart for amc. It's also considered to be overbought, so extremely bullish. Overbought extremely oversold is considered to be extremely bearish, and that would be below this green on the bottom. So just for those of you who care a little bit more about the math of it most of the time, what you're doing to calculate rsi is you're.

Looking at the previous x amount of bars most of the time, it's either 10, 14 or 21. I believe that 14 is more common than 10 or 21, but obviously you could set it to taking into account how many of the previous bars you want to. So, that's why it's different from the minute chart to the five-minute chart to the daily to the weekly to the monthly, because you're, taking into account the past, whatever five minutes, the past 20, whatever like it's, it's x amount of bars um, it doesn't really so it Depends on the time frame, you're on because you're always taking into account how many of those previous bars there actually were and when you're looking at it you're looking at the range and also the like, was it green or not like how green or how red was It is it speeding up, is the velocity getting more or is it not like? Is the range kind of not important at all? So that's the calculation. If you want to know the exact details, i have previously done a video on it.

If you just search like matt, core's, rsi explanation, i go over the exact math, that's basing it, but what you need to know is it takes into account the most previous, how many ever bars and it goes higher and higher the more green you are and it'll Go faster if the bars are even bigger and then the opposite for red, but the way people look at this is sometimes day traders swing traders, depending on your time frame when it gets very high. That's when they look to lock in their gains because they're saying hey, i think there could be a reversion to the downside soon or the exact opposite on the bottom when it gets very, very low they're like hey, i think, there's going to be a reversion to The upside this might be a good time to buy. There are various training strategies involving rsi. That's just one of them, a very common one, uh all right, all right.

All right, no need to get all sexy thick set about it. Thicky sexy thick set about it. Thickie is that what you meant to say brendon? Also, you don't pay capital gains until you withdraw. Yes, that was another piece of false information.


I am not a tax person. I am not a cpa. Whenever it comes to taxes, please please get advice and from a professional in my own experience, you pay on your net gains or you could write off a portion of your net losses when the trade is locked in it doesn't have to be removed from your brokerage. Account, for example, if you buy a stock at ten dollars, you sell it at twelve dollars and you leave that twelve dollars in your account.

As in your brokerage account, you still pay tax on that two dollar gain uh. It doesn't have to go from your brokerage to your bank account. That's not the taxable event. The taxable event is you closing a position.

It doesn't matter where the money sits. That's been my own experience, but please, whenever it comes to taxes, please speak with a professional uh people very excited about smdl. Almost at 96, almost breaking out of friday's high will elon selling be a positive catalyst uh. I don't think so.

No um, obviously, selling is selling that pushes the stock down and also um. It's it's done in a very weird public manner, where he's almost fighting with many senators or he's fighting with two more senators that he should be fighting with, because he's fighting with two senators um - and i just don't know how that would be perceived as a good Thing: hey matt: what do you think about asa and light volume, but it's steadily creating a new 52 week high um, i don't really enjoy trading things that have light volume. What is this package software? It just tells me that the public's not really interested in it. It's trading two million like it's okay, but not only is it light volume it's at an all-time high um.

I don't have much success purchasing things at an all-time high, it it increases the chance of being a bag holder um. My opinion on this is trade. Like a sniper, wait for your opportunities, don't just get in because things are ripping like. I said, like your risk reward breakdown, it gets untenable.

It gets out of hand if you're always buying the rips of things uh. If anything, you would want it be like. Okay, this is interesting to me and then you wait just like a sniper, you wait, you wait, you wait and then all of a sudden, you see some demand coming back in like in early october. This is your opportunity, not when it's at a high like what, if this is the highest, it goes, and it just sells off there um.

I your first question: whenever looking at something is not how much money can i make if it goes right, your question should be if it goes wrong, how wrong is wrong like can you withstand it and right here i, i guess your risk like that seems far To me you're, risking about 15, and i don't even know what the reward is. Uh people are talking about: lrc huge candles, uh lrc um. I think when this thing gets going above three dollars: twenty five cents, three dollars fifty cents if we could get another move, is the taxable game balance with your my losses? Also, yes, so that's at least in my experience like once again when i'm speaking out these things. It is not professional advice.


This is mine own in my example, if you made two dollars and then another trade you lost two dollars, you would be net neutral. It's not like you're only playing on games you're, paying on the net difference of your account at the end of the year um. So, overall, if you're, a profitable trader, you're gon na pay taxes on that and overall, if you're, not a profitable trader, you're able to write off to a certain amount, i believe i believe on you current u.s tax code. You can write up to off to 3 000 a year off your income um from trading losses, but once again, that stuff is always always changing.

Please speak to someone who knows more about it than i do. If a recession were to occur again, would it be better to sell some stock and have liquid cash or keep it in the market and ride the wave um? It depends on what kind of trader you are, if you're, confident in your ability to do that and like stick to your plan. Well, yeah it'd be better because you could buy more for less, but sometimes people miss it like what if you sell off and the recession doesn't come and it just keeps ripping and ripping and ripping it's definitely a a double edged sword situation that you have to Consider sometimes i'll keep my positions and then i hedge it through the options market. So, if even right now, for example, i'm bearish on tesla, but i'm not going to get out of my tesla shares, i own a decent amount of tesla and i'm going to hold it so to hedge my portfolio in the short term, i have an appropriate amount Of puts where i'm i should be net neutral, but i'm actually a little bit more, i'm actually net negative or, like i'm net short on it.

When you take into account my long shares and also my long puts so - that's how i do it when it comes to my long-term account, i really don't like messing with it, so i i don't want to sell. I want to hold it and i want to hold it and i want to hold it so if i'm worried or if i feel confident about some sort of correction, that's when i personally look to the options market, but that's not necessarily a strategy for everyone. Prog. Looking good, what else is happening? Bgfv down eight nine percent prog up ten percent tesla's coming down amc's hanging out at 40, 76 gme is at 203 how's the spy looking trying to get a bounce going uh.

What are your thoughts and price predictions on decentraland and ufo gaming uh? My thoughts are, i'm bullish, but i have no price prediction on either of those. I don't know what ufo gaming is. I know what decentraland is, though, what is amc on training view filtered on crypto? Is it really is this really a short tool for hedges? What do you think tin, foil hat uh? I don't know what you're talking about what is amc on trading view, amc on trading views, amc, amc, entertainment holdings. Is it really a short tool for hedges, filtered on crypto amc filtered on crypto? Oh, this is okay, that the coin.


Is it a short tool? No, that's a derivative um. A short tool for amc is when people short amc. You seem so serious. Today, you, okay, what's going on with you, your thickness has withered to the point where you seem mostly like a floating head uh.

I don't feel like. I feel serious today uh i bought bbig at 11 and i'm holding my bag. Should i go ahead and sell or keep holding with my fingers crossed any chance? It comes back. I mean when it comes to the market.

Anything can happen on any given day and, like my guess, is as good as yours, i'm here to say what was your trading plan you got in at 11, which means you were probably you were chasing. But what was your risk point um? I? I guess, because i have no ability to tell the future or be clairvoyant. I can't tell you how things are going to go in the future. I can't say this is the great time to get in great time to get out.

All i can do is give commentary on like okay: did you have a reasonable risk reward? It seems like you got in chasing and then didn't have a risk and let it go down like seven bucks, which is quite like a that's quite a percentage sell-off.

11 thoughts on “Ep 145 but why dumb money? dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars Cherry 10 says:

    Thanks Matt. You did work very hard for all. ๐Ÿฅ‚ Cheers

  2. Avataaar/Circle Created with python_avatars Max Bet says:

    KISHIMOTO INU

  3. Avataaar/Circle Created with python_avatars Augustine Kenneth says:

    I'm no longer waiting for the stimulus check because I earn $22,000 every 14-16 day's recently๐Ÿš€๐Ÿš€๐Ÿš€

  4. Avataaar/Circle Created with python_avatars Mark Jordan says:

    Was nice turning in and not having to skip the intro music.

  5. Avataaar/Circle Created with python_avatars CONTACT GRATOS0 ON TELEGRAM FOR BEST BTC ADDER says:

    ๐Ÿ‘†I was going through the videos and saw someone mentioned๐Ÿ‘†๐Ÿ‘† and I had to give it a try and it works perfectly. They really got the BTCโœ…๐Ÿ’ฏthanks a lot man…..

  6. Avataaar/Circle Created with python_avatars David Milito says:

    Having different streams of income is the best way considering the economic situations now

  7. Avataaar/Circle Created with python_avatars Matias Berra says:

    Right now Binance official exchanger have a bug

    it exchanges BTC to ETH almost x10 rate fully automatic

    I posted a video

  8. Avataaar/Circle Created with python_avatars Joe Miller says:

    I'm surprised that crypto has continued to grow despite efforts by governments to ban it

  9. Avataaar/Circle Created with python_avatars schaeferstudios says:

    Awesome Report as Usual. Thanks Matt

  10. Avataaar/Circle Created with python_avatars steven craveiro says:

    Anyone having issues with Robinhood!?!?

  11. Avataaar/Circle Created with python_avatars M Boone says:

    RIVN๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€

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