Onward & Upward πŸ’ŽπŸ™Œ (Stocks & Crypto)
AMC, GME, LCID, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 172
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Yes, uh me so so hello, hello, hello. We are back for power hour today, wednesday december 8th. I would like to remind all of you that after the market closes today, if you are at all interested in particularly gamestop, it has its earnings announcement in yesterday's update video, i kind of went over what numbers to expect it's looking at a revenue, hopefully of just Over a billion and also they're expecting a loss of 52 cents uh per share. Those are the expectations, so, let's see if gme can beat on those expectations.

But on top of that, a lot of interest is in what is or isn't going to be said about the nft marketplace. I think that's actually an incredibly important thing that, if you're at all involved in gamestop or even lrc loopering uh something strong to consider um, that's what i'll, particularly myself, be listening for uh. Of course. I hope that it beats on the numbers and i think, there's a good shot of that but um.

I. I really think that the future of this company is going to be much more crypto related than simply selling games. I think it's uh. It could become much much bigger and i'm excited to hear about the nft marketplace and i hope that's its first step, uh very, very excited for that.

So today, gamestop loop ring to me the technicals, don't really matter at all, simply because of the fact that it has its earnings announcement. Here's loopering loopring is getting a nice pop. Actually so who knows? Maybe people know something we don't know, that's obviously always a possibility. I'm in loopering around a dollar like 36, a dollar 37, so this one we've almost uh, we've doubled up on.

Actually, in fact, i would love for this to get back over 325 ish and maybe we'll get that test and break out of four dollars, which would be a new all-time high once again, that crypto is lrc. I believe you can easily get that on coinbase, but the technicals today uh, don't particularly matter to me much it's very much. What is going to be said in about two hours. It starts at 5 p.m, et just so.

Everyone knows, but beyond that kind of an interesting day, so amc is having a solid day. It's up five percent: it's trading at 32.64 right now, uh the fact that it broke above 3125 a key level of resistance that i was rejected at yesterday, and also five days, pre previous to that. The fact that we broke above that we're holding above it hey today's a win. I wouldn't mind if this closed right now, unfortunately, gamestop is down by two dollars today, which equates to about one percent a little over one percent on the day, but once again it it it just doesn't matter.

We have such a strong fundamental driver about to happen that it doesn't matter where it closes at today. It's much more of the public's reaction to what is or isn't said at the earnings. I brought up roku just because this morning we had that breaking news for roku um and obviously it was people were reacting well to it. Currently up 18 on the day, based at 234, ran all the way up to 257 congrats.
If you got a a piece of roku, that's crushing it prague, looking good uh, it's up, 3.3 percent uh trading at 281 - would love to see this get back over three. Let's check in on lucid fighting back, i mean it's up. 1.8. We have tesla up.

One percent, so ev is kind of similar for whatever reason, rivien uh really performing well. Today, almost up six percent apple hit a new all-time high at 176, currently valued at 2.86 trillion dollars. So it shot up sideways trading popped again, but now back to that sideways trading range, but once again, that is an all-time high for apple, the world's largest company nvidia, i'm still in it uh. So the first play from yesterday worked out very well.

The second play it is still live, i'm still holding that position, it doesn't expire. This friday expires next friday. This scenario of excitement, the non-excitement that excitement that didn't know what it was doing. Then people got scared and now we're bouncing back.

It's this exact scenario of why you want to give yourself enough time. I cannot emphasize that enough whenever it comes to options, whatever amount of time, you think you need, i think a good rule of thumb is to double that up in terms of the overall market. You have the s p 500, edging its way back up to 470 uh. I have resistance at 470 65.

on the bottom. Here we have the stochastics indicator. I will be breaking down this indicator in just a bit. Actually, i kind of want to change the color.

Just so it pops a little bit more. Does this pop kind of? I hope this is a little bit easier to see all right. I think we'll we'll save that as the default just hopefully, i just want to make it a little bit more visible for everyone, because i know sometimes these screens can get small. What, if i do it like this? There we go okay, save as default, but once again this is the stochastic oscillator uh, that's the one i'll be doing the technical breakdown of today.

Previously we've done the macd, the rsi alligator v-wap. We touched a little bit on wyckoff. I want to do a further breakdown of wyckoff. Stochastic is another one, so that's the one we'll be breaking down today and obviously we'll just get that kind of saved over there on coors light.

Just love getting this information out there so overall market. Looking strong s, p, 500, pushing 470 and some change the queues, i'm still calling out 400, i did see on unusual whales that they were looking at some puts there were some abnormal put options going on the qs. I found that to be a little bit surprising. It might be setting up for a shoulder head shoulder scenario, but it's all going to come down to the reaction at 400..

If it tests and starts to revert, then i'm thinking we could play the gap fill, but if it tests and breaks out, then i'm watching 407 408. The russell i'm still calling for this gap filled to 228.50. I think that's actually kind of a layup of a play once again: 228.50. If it gets there and there's some weakness.
Don't forget that you could play the gap to the bottom side at 220. 70.. So there's two different gaps to play, but as you're gon na see really in some of these indicators, and also just the general seasonality and momentum in the market, especially with the unicorn fears, kind of subsiding uh, especially with the newest data results related to pfizer that It does assist with this particular infection. Uh people are kind of calming down, so i'm a little bit more bullish in the meantime, in terms of crypto, bitcoin is flat at 50 000, just above it, ethereum is looking good at four thousand.

Four hundred manic is just under 250. You have loop ring, that's really flexing its muscles as we come in in the gamestop earnings. We also have solana just below 200 193. I think that's a steal, uh avalanche trading at 91.

I think nine or excuse me eighty dollars is a steal there. We talked about manic and, what's the other one that i want to dive into cardano's still disappointing at 140.. I think this should be closer to three bucks, i'm still holding it. None of these have i uh got out of honestly in all my crypto.

I just continue to hold and hold and hold because uh from everything i've studied of just all these people who have become these crypto millionaires. They got in early and they sat and they sat and they sat and they waited and they were patient. And then they sat some more and then they were more patient and then they sat some more um. It seems like that is the money-making opportunity when it comes to the world of crypto speaking of crypto.

Before i get into the stochastics breakdown um, i want to share a little bit something with you. So i, as of i don't know 12 hours ago, am new to the world of crypto dow dao protocols, the og one that started it all was olympus and then, from there a very popular one that spun off was wonderland and from there there's there's many more Now, um over this little break from the morning stream. Until now i was looking at the what was that other? Like the galaxy google one, the hector one uh, then i was reading about this thing - called rome and then there's another one called strong node, there's just so many it can make your head spin. It can absolutely make your head spin and whenever it comes to many things in life, particularly money and finances, i think the old adage of if it sounds too good to be true.

It probably is so with that being said, um some of these, and i i really i really need to stress this um. I don't want really people hopping in those. Let me be the guinea pig. Let me test it out for a week and see if these aprs are apys are as true as everyone says they are, or is it a complete scam folks, i don't know i'm just over 12 hours into this world.
I am not even i'm not even close to a novice level, i'm below a novice level. Uh shout out to jeremy from the discord. He was kind enough to give me a couple hours of his time and share his knowledge with it, but i personally have so much more to learn about it. The main ones i'm focusing on are olympus tau because that's a very, very popular one.

It's the og one and i'm focusing on wonderland, which is going to be associated with time, because that's also another very popular one. There are many more if i didn't list your favorite one, don't take that i'm new, i don't even know which are the good ones. Aren't the bad ones. If anything, i was spending more time learning about some of the scams where people are like basically running off with the treasury money um.

So it's it's a new world and it seems like there's opportunity there uh. It doesn't take much research to find people who made a lot of money, but it also doesn't take much research to find people who were part of projects that it ended up being a complete lie and they lost their money. So the name of the game is kind of like sifting through what legitimately has potential, what's worth a certain amount of risk and what isn't so with all that being said, i i want to be transparent. I want to share my journey with you and that's exactly what i'm going to be doing as i learn things i'm going to share them with you, like, i said i listed the main two ones that i'm paying attention to, but that doesn't.

This is in no way, i'm begging you not to get involved. I don't know how to be more transparent about that um. It seems like there's a considerable amount of risk, so let me just do it for a week. Let me do it for two weeks.

Let me be a little bit of a guinea pig for you. I put my own money at risk, but that's so you don't have to put your own at risk if you're curious about it curious how to do it, um i'll! Keep you updated. If, if you want to know how it's going every day, every week, whatever i'll do an update, video i'll, let you know how it's going like, i said, there's a considerable amount of risk that has to be legitimately considered, but there's also, apparently quite a bit of A reward i mean, there's people making a stupid amount of money, a stupid, stupid amount of money so with it um i'll. Keep you updated on that, but it's man, my head was spinning.

You have to first get a crypto, then switch it to the wallet. Make sure you're on the right network and then from there. You have to swap this for that and then you stake it and then you wrap it so you're not triggering taxable events and don't get everybody started on the bonding site minting of if you're going to have like liquidity or if you're not going to do that. But then you have another arbitrage opportunity seriously.

Your head gets spinning with all of it and i think for me this is what i love doing. I love figuring out these little games. These little mathematical puzzles, and then i like taking on the next challenge of explaining it uh. I believe einstein had the quote of.
If you can't explain it to a six-year-old, you don't ex like understand it. Well enough yourself, uh. So, for me, that's the next challenge of like. Do.

I really understand something to be able to explain it to a six-year-old, or maybe a better caveat here would be all of you um. I love doing it, especially when we're talking about the short interest and how the market structure works or options or futures or crypto all that stuff um, i find sometimes being a teacher of it. It really ensures that you do you know what you're talking about or don't you know what you're talking about um. Even this as we've been kicking off this like technical training, tutorial series, i love recapping that stuff.

I think it's so much fun for me. Just to recap of like okay, have i been using it right? Have i been thinking about it right? Do i remember the formula? Do i remember the person who made it do i remember the situation in which it should be applied. It's kind of nice to like get those like almost forced refreshers time and time again. It really actually helps me own, like hone my own skill, hard mode, try to explain it to your mother.

About two years ago i was at my house with my completely real girlfriend, and i got into a downright shouting match with my parents um with how to use an hdmi cable like we were sitting there and, like my girlfriend, was awkwardly. Oh, this is strange, like i don't like when families are yelling around me, especially when it's not my family and there we were just me arguing. I'm like like, of course, being like a kid. I was like.

How do you not know how to use an hdmi? Then my parents were like we just don't know how to use an html. I was like you plug it in and you change the input they're like. Where do you plug it in? How do you change the input? I was like. What are you talking about - and i think sometimes you just take for granted like the natural things that you've kind of figured out um kind of that's very much true yo tp tp, a space save.

I thought you were a shout out. Tp shout out transparency. Nvidia put on unusual whales at 2, 55 for 12, 31. ugh nvidia and the usual whales going against me fighting against the man fighting against the man make sure you add wagmi to the list.

Great dip buy right now because of rpc's issues. Yesterday, i love the idea of just putting 100 in 10 of them. Let me write that one down w a g am i got it, got it got it. Matt paypal is paypal, crushing it we've been calling out paypal.

I didn't particularly take that trade myself, uh paypal has been crushing it. I gave out the buy signal right here at the start of december and it's been crushing it i'm still watching 200 after 200, i'm watching 216, then 226. um. I didn't have enough free capital to take advantage of this play, but if you did take advantage of it huge congrats, huge, huge congrats all right, i think i am up to date there.
Oh, if you haven't already quick reminder, i would love it if you could destroy that like button. That would just help me out the algorithm and don't forget to join up with the moon game by hitting the subscribe button. Now, before we go into the discussion of stochastics um, just because it's on my mind right now, if you are familiar with dows, i have two questions for you, these insane api, apys or aprs, depending on what you're looking at. Are they complete scams in your opinion and if they are or aren't, which is your favorite one like which one should i be looking into? I need to crowdsource this in a little bit because i want to focus on the ones where they have like the most interest.

So if you have them, let me know, let me know. Oh albu is like angry. He only has one job to hype, amc. What are you talking about albu, serious question for you on a scale of like one too stupid? How stupid are you i'll i'll? Let you answer that and then i'm gon na boot you i just want to make sure i could find your name amc hype.

This is not amc hype. This is called amc fact. I explain market structure options, it's market commentary, man. What is your job uh? Well, this is part of my job.

Another part of my job is modeling because i'm so goddamn good-looking uh. I do that um. Another part of my job is just like endlessly endlessly just trying to like really just like blockers like so many girls are just like throwing themselves at me. It's a lot of energy.

I walk down the streets of philly and just like models are raining down on me. You know that song, like it's raining, man, how like that's my life except it's just like women. All of the time it's hard um albu like i, have a feeling that you've never experienced something like that. But it's it's there's a there's, a reason why they call me buff.

24. 7. um. I am also a leading cappuccino ambassador to the rest of the world, that that's that's a full-time job.

I always have people from all over the world calling me up they're like where, should we take the branding of cappuccinos? That's a big job for me. Um. It's a pretty full schedule, all right albu. Where are you? Okay, man? I will not say anything.

Go ahead all right! Well, i'm still kicking you because i just don't like your vibe, so you're gone forever uh. I started just being able to join the chat. Thoughts on prague, got 30 contract break even three three dollars for this friday, so your break even is three bucks for friday. There's a chance that you, you might be meaning it might be your break even but i'm assuming you're, meaning.

That's your strike price for this friday uh i mean it's at 281 and we have a nice uptrend. I i like it. It made a pretty nice base at 266, so it sold off bounced off of 220 made a new higher low and it's trying to get above 286. So i think you mean strike price, but if is your, if it is your break, even when you're talking about three dollars for this friday, yeah your back's a little bit against the wall, because that's you're, looking at basically two days of training, maybe a day and A half depending on like what brokerage you're on because it might sell your contracts early, so you're gon na need a little bit of luck.
Excuse me, but i think i could. I think it could pull off, especially if the market remains strong. So the spy is looking good. The queues are looking good iwm, looking good um.

So, with the overall trend in the bigger markets, i think prague's, looking good um, you're gon na need a little bit of luck, but i think uh i don't know just use up some of your karma use up some of your lucky stars. Uh check out dwack. Yes, uh d-wack d-wax had a crazy day uh it's recently. Some of the news was that it got some funding and then we know the ceo is that devin something from california it's at resistance right now of 61.62.

If this thing punches above, like call it 64, where it got rejected again today, this thing might be off to the races once again um after 64. I would watch 70 and then i would watch 77. um a lot of excitement there, i'm not in dewack. It's just i, i think, there's other i i think dewac represents opportunity.

It definitely does, but i think there's other things that represent opportunity as well. Right now and that's good, you want a plethora of opportunity. There's not just one play. I think draftkings is looking good.

I think penn is looking pretty good. I think uh paypal is looking good nvidia, obviously i'm in it, so i thought it had short-term opportunity. I got messed up today, but let's see what tomorrow brings um. What else do we have apple? If you were already in it, your capital might be caught up there.

It hit a new all-time high. I would not chase it in new high, but maybe you're tied up there, because you're riding all of the fun uh. What else do we have how's microsoft, looking yeah kind of like nvidia kind of a know-nothing day? What else? What else? What else? What else, what else, what else roku capital might be tied up there roku roku 273. I mean at this point jeez on the announcement.

You have a gap fill to 269 29. I mean you have there's quite a bit of opportunity. So do i think you can make money on dwack yeah, but i also don't think it's like the preeminent like shining opportunity of the day. I just made 203 dollars with the pinterest call option.

I've been watching you for a while, and i've learned a lot. Thank you for teaching us noobs neon state, that's so kind um. I do find it a little confusing, though, because i just read tweets about me. They're like, and it informed me that matt coors doesn't know anything about the markets, i don't know anything about ta and i also don't know anything about dd.
So the fact that i apparently literally have zero knowledge of the market. I'm not sure what i taught you and i'm not sure what you probably like. Possibly could have learned off of me. But hey sometimes luck just counts and you got it.

You made 200 bucks a nice daily pay right. There matt's left sweaty stock you're a solid 8.5 for sure on the hot scale for reference, i'm like a 6.5. I lost two points when i got married folks, i know where i'm at. I know that i'm i come in.

Probably at that a 6.5 i'm probably there, maybe if i grow up my facial hair properly, i could be realistic of where i'm at hey, matt and apes. Could you give me your honest opinion on roblox like if you would want to buy in not financial advice? So, first of all long term, i think roblox is a great opportunity actually in the short term, if you're, okay, with risking 104, like 20 bucks like if that's your wrist point, you have to be a little bit careful about this gap, but i think roblox. It is a strong competitor in the world of esports if you're trying to get exposure to the gaming sector. Roblox in my humble opinion, is a great play in the short term, medium term you're, getting a nice breakout, a pattern of a higher low.

My only concern in the short to medium term is this gap filled down to 79, but maybe that means you can ride it up and just save some capital and tell yourself hey if it ever gets there you're going to cost average down by buying off of That dip that's another way. You could do it if you want some exposure. Now, i'm a big big fan of roblox at this moment in time i don't own any um. If it did gap-fill i'd probably buy some, but i'm just i'm liking.

This breakout, like we, have this higher low it got above 120 we're seeing some strength it opportunity. What are your thoughts on meta will rise with will sky with oculus and the whole vr movement meta yeah. So i we've been talking a little bit about this. If you fast forward 5 10, 20 30 years down the road, i think the metaverse will be borderline all-consuming.

I think it's going to be huge. I think our societies and our culture is going in the way of writing player one uh, so anything in the metaverse. I think it's going to explode. I mean you're hearing all these absurd money-making there's so much money making opportunity right now.

If you take the time on a daily basis to research. What's going on in the new world of technology, crypto ev autonomous vehicles esports the world is changing so rapidly. Most of it, i would argue in a positive direction and if you're, just keeping your eyes open and like kind of reading, the writing on the wall of like okay, i see money flowing here. I see my kids talking about this.
I see my friends all addicted to this app, keep your eyes open and you got ta train yourself of pay attention. What's going on be as observant as you possibly can, and then the final step you need to take is think about how that's connected to where's. The opportunity in that so when i see all these things and these games advances and oculus and that yeah it makes me very excited about men. It makes me very excited about investing in meta investing in metaverse, whether it's through the companies that have exposure to it.

The crypto that's going to be like built out there to central and, like all of those, it's so much opportunity, but with this one, particularly this etf, i would want to see the companies that are individually in it lol twitter's a cesspool. That was my first call. Shout out neon state congrats, so every time wonderland does a rebate that triggers a taxable uh transaction. That's what i've been told, but i also wrapped mine to avoid those.

So if which one are you on you're on wonderland, so that means you had what time so. Uh i i had stake time and then i wrapped that time. So, basically, i set up an avalanche network on my metamask uh, not an ethereum network. So if your says ethereum main net, you need to switch that to an avalanche mainnet.

You need to get the documentation for that. It can be found with a google search set up an avalanche mainnet you buy avalanche. You get it over to your metamask. Once it's there you're going to use whatever it is.

I think it's called trader joe and you're going to swap avalanche for time. Once you have time, then, on wonderland you're going to be able to stake time and then with every single uh. What is it rebasing? Apparently, that's a taxable event. I folks, i am not a cpa, i am not a tax expert, i am not a crypto expert, i'm definitely not a dow expert.

Please double check triple check, quadruple check everything i am saying please please please please please do that. I just started learning about this stuff, but to my understanding i guess that is a taxable event, but you can avoid that by wrapping your staked time. Oh memo, sorry yeah, jeremy shout out to jeremy. Everyone give a nice round of applause to jeremy.

He was the one that was helping me out so stake time equals memo. So then you want to wrap your staked memo stake. Time is memo. So then you want to wrap that up like a christmas present, you've confused my brain now.

I've confused my own brain dear matt, sent your non-financial advice on options. Last two days has been boosting my portfolio. What are your thoughts on december 23rd? Pins calls all right, let's check out pinterest like it. I like it.

I like it. I, like it um just make sure you're not going to get snagged at 41. I would like to lock in a nice 10 15 percent gain when it comes up in test 43. Your risk is a little far away 34, but i know you've already been in it, so you could look at it as like.
A continuation of the pins call you've already been in and the reason i'm really saying i like it is actually what we're seeing in the stoke uh stochastic indicator right here: um, it's just oversold and we're seeing this swing back and it has like a nice oscillation. So i would particularly be interested in roughly that zone 43. I can move it up a little bit and around there call it 43 um. You could roll that.

So i see opportunity there. I see opportunity in draftkings. I see opportunity in pen. I think the opportunity in apple is getting a little bit too risky now at the all-time high, i'm just never a fan of getting in at an all-time high.

Prague can be pushed into three gamestop, we'll be talking about that more tomorrow. After we know the earnings, obviously that's going to be very important right now. Amc is looking really really good got all the way up to 34.. I was hoping for 35 today, but that's just like roughly halfway the reason i picked 35 because it was halfway through this region.

I was like roughly. This is a region of resistance, so i was like, oh, like the halfway mark. 35 key key whole dollar value, but we're even seeing this um. It was clearly oversold and we're starting to swing back.

Someone said: tesla daily highs, tesla tesla, tesla, tesla, tesla up to 1070. bntx. Can i check out b and t x more than happy to uh b n t x, bio n tech, so this is going to be tied up with pfizer and the creation of their vaccine? I'm surprised, i mean it's been doing. Well, you can't say it hasn't been, but recently ever since august, maybe not the best, it is flagging.

Right now lower highs higher lows. You have to wait for it to break you need patience. You can almost see the triangle. I don't know which way it's going to break by bntx right now clearly do like you need to have patience with it.

There's no obvious trend. Is it going to break upward from the triangle the wedge, or is it going to break downward patience, patience, patience on that one? I wrap my steak in aluminum foil when what are my thoughts on rivien's movement today very confusing uh. Oddly bullish, i was calling out for a hundred dollars check out those streams like once it breaks down from 115. Let's see it tap 100, a key psychological level did it hit that hit it.

Look at that uh december 3rd to the exact scent and the reason we see that stuff is because it's a key level that people are just thinking. They're like hey i'll, buy at 100., then there's enough demand there and ends up bouncing off of it. We had almost a hammer candle not really but kind of um. At this point we're seeing strength.

I want to see the reaction to 126. if it shows strength after that i'll be watching, probably above 1 30, but if it gets rejected there i'll be once again watching 115.. This is clearly fundamentally overvalued that might or might not matter to you right now. Rivian has a market cap of just under 110 billion dollars in its existence.
Rivien has delivered 150 cars, 156 cars um this month alone, or i think in november it burned like a billion dollars. It's clearly fundamentally overvalued, but also does that matter. Things can for quite a while trade outside of their quote, unquote, fundamental value, so i think it's overpriced, but that doesn't mean that i'm like going to be betting against it. If i see momentum play the momentum, i care more about momentum than i do.

Fundamental value, especially in a short time frame, is amc. Bull flagging! Oh almost, i guess it kind of depends on how you want to draw it yeah, it's kind of like it's a bull flag, a bull wedge, but basically lower highs, higher lows, you're looking for the test and the breakout of this top trend line cup and handle On atr, what are your thoughts on ater etherian, a taurian, a turian, atari unitarian uh cup and handle uh kind? It would have been a better handle if it swung back up here around what 2 p.m and actually got back up. This is more of a like. A high or low situation kind of creating a wedge.

I guess you could call it a cup and handle this is where there's like just kind of generic overlap and it's a little bit more of an art than a science when you're doing some ta. But i like the higher lows: i want to see the reaction back up at 570.. I like that it's showing some life. I very much like that.

Let's see if it gets to break out above six dollars and then watching seven so kind of easy to remember. Six dollars then seven dollars um. It was very, very exciting at one point and then it sold off. The ceo was saying that he has evidence of naked shorts of malicious actions.

Um it didn't get as much of a reaction publicly from that. Then i'm very very surprised that he didn't, but i'm very much i would say the next step, i would argue, is to break out of the high fives or six dollars flat, see if you can get above there see if it can get above that thoughts on Piton peloton piton, piton, piton piton, showing some strength if it gets above 48, maybe a quick plate of 55 and then after 55 you could watch 62 and then from there you have the gap fill. So this is how i would say it's a no play until it gets above and holds above 47.75. This thing has been getting beat up pretty bad lately, so you are buying it off of support.

You could get it now if you're feeling pretty confident about it, but clearly your risk is 41. If it goes below that you have to cut no matter what you do, whenever you get into any play before you get into the play, know what your risk point is for me. I would be risking the most recent relative low 41 um. That's five bucks with the potential of making, i don't know eight and then from there 15 and then, maybe even more, if you get really lucky but just respect your risk respect your risk.
Okay, all this drama. What have we become? Mr boule? Wait? Is there drama? Did i already miss a lot of drama i was so into crypto during break today i must have missed mr boulay where's, all the drama happening and feel free to uh. You can just post it in the matlive questions. If you want i've been, i don't know.

Sometimes i get into a mode where i'm so like research oriented that it seems like the rest of the world. I just become completely oblivious to it. If there is a continuation of drama in this community, i'm unaware of it i'm not surprised, but also it's just a waste of everyone's time, uh uh. What did you ask for santa for this year? Moon yeah, i just i would i would like uh one nice space shoot space suit to safely travel in the moon, no drama.

Only yo mama ken griffin's secret account hey mark alligator crossover on amc on the four hour, just want to confirm bullish indicator if it crossed to the upside. Yes, sir. Yes, sir, let's bring up the williams alligator on the four hour, yeah, so you're, starting to get that cross. So really, the signal would have fired somewhere between the sixth and the seventh, depending on how you want to do it, but the price action getting above the lip remember the red line is the lip.

The white line is the teeth and then the green line is the jaw. So this would have been the buy signal and now that it's all starting to cross it's just. Can the momentum continue, but you are spot on spot on spot on shout out diamond backhand. Thanks for all you do thanks for all the information, you share really appreciate what you do and you do it well shout out.

It's me shout out me matt. What are your thoughts on mttr involved in fb meta? This is matterport right, matterport, matterport, matterport, uh, so started trading, not too long ago february, so almost trading for a full year. Now you have this nice obvious dip, buy so resistance, uh some resistance, some resistance and then bounce off of that at 23.. It's weird right now, this level, if it is like strongly, i would want to look a little bit more into it of like okay.

What are they doing? Do i, like their tech, do i like understand their business model? You are buying it on a discount. It went up from 38 all the way down to 23, and it's now at 26. you have, you could use 23 as your risk level. The stochastics is very much oversold, so you're telling it's kind of saying it.

It might be time for, like just at least a relief bounce, um mttr. I probably see someone asking about it at least once or twice a day. Some people are definitely very, very interested in tracking this particular one. Overall, it does have a nice uptrend, you're kind of just buying it on one of its dips.

I kind of like it honestly, i kind of like it all right. Let me get out of the alligator. The alligator alligator crocodile gon na see you in a while check pretty little thing on graham 17 million, more apes, pretty little thing on instagram uh, instagram, instagram, instagram uh switch account. What is my login uh? I wish i would remember this stuff.
Is it duck boy dollar sign? 69? Yes, it is all right who am i looking up pretty little thing fashion, beauty lifestyle sounds like me: uh celebrating everybody in plt tiger. Pretty little thing i see some ape nfts. Is there like a story about like them supporting apes? Is that what i'm missing? Maybe that's a lot 17.2 million? Hey the more support, the better, hey matt? Could you or jeremy show us step by step how to get involved really interested in go outside that it was privatized via your discord, thanks um it wasn't really privatized, it's because i'm just learning about it so like, as i feel, more comfortable and figure out how To best articulate it and come up with like i'll make a video on it for you, it's in it's in no way meant to be like a secretive thing. It's more of like this is day one for me um.

So i need to properly learn things to know how to present it to all of you. So i'll just continue learning about it over the next couple days and then i'm more than happy to uh share it with all of you but yeah. I i can make a video on like what it is at least my understanding how to do all this stuff to like buy this swap this. Do this? Do that? Do this then do this then do that um i'll happily make a video like kind of a run through on all of it? I just don't want to do it if it's like a straight up scam.

So, that's why i want to run it for a couple days with my own money and make sure like i'm actually making money um before i feel confident enough to like show all of you it because, like i think, that's just like more of a moral thing. Um speaking about teaching and all that stuff, i do want to do the next technical thing um another youtuber. I follow, showed 35 contracts in the money at 34, so market makers won't let it hit that price today sound correct. No, it doesn't sound correct market makers.

Don't care about anything today because today isn't a day of expiration for amc. The fact that you're talking about 34 tells me you're talking about amc. Um amc has no contracts expiring. Today they they expire on the 10th.

So that doesn't make sense to me whatsoever. The the whole max payne theory, which i think there's some reasoning to it - that comes into play on the day of expiration, not not two days before expiration, if that makes sense, uh brandon all right. Let me let me teach you some something. Let me let me teach you some something all right, how's, the best way to do this, all right, all right, all right! Welcome back to trading stuff and words and technicals with me: hey matt, coming at you live from the interwebs.
This is going to be a very quick rundown on the statcastic stochastic oscillator. It's on the bottom right here. You have it on training view. Once again, this is a very popular one.

This is how it's spelled: s-t-o-c-h-a-s-t-i-c um. This has been around for quite a while. I think it was first created in the 1950s by a handsome fella named george lane, one of these, like nerdy mathematical, like brain, huge brain one of the biggest brains out there anyway. This is a very common oscillator, a very common technical indicator that you're going to find on most of your charting software.

So when you see it, the high level view of like when you can apply this, it is an oscillator and it's telling you when things are overbought and are oversold and we're going to get into the specifics of why. But this is very good in a non-trending market, so a lot of the times when we're talking about indicators, they are actually best in a trending market, so stochastics the time you want to use. This is looking for overbought oversold and, like think of a non-trending kind of like a messy, maybe potentially a range-bound type of market. This is a very good indicator for that scenario.

So let's get a little bit into the math of what's going on here. So we have two different lines you have what's referred to as the fast line and the slow line, so the slow line is going to look a little bit more smooth. That's this yellow line and then the more jagged one, the pink one on the bottom is going to be referred to as the fast line. So this fast line is actually the true stochastic line.

The way this is computed is you take the closing price of the most recent bar. You could be on whatever time frame you want and you subtract whatever. The low value is over the most recent 14 bar. So you look at the most recent grouping of 14 bars, whatever the lowest closing price is so it's the most recent closing minus the low that quantity divided by the quantity of the highest close of the most recent 14 buyers once again, minus the lowest close of The most recent 14 bars, so you have a quantity on top divided by a quantity on bottom.

You take that result and you multiply it by a hundred. Do you really need to do that? Well, no, not really! I just wanted you to know what it actually is. That's what the pink line is also referred to as the fast line. Then the yellow line is the three bar simple moving average of the fast line.

So basically, the yellow line is just averaging out the most recent, like three readings, of the fast line, that's how you get the slow line. So when you have these two out, it's going to have like similar to the rsi values of 0 to 100, similar to the rsi when it's very high, that's considered to be overbought when it's very low, that's considered to be oversold, like also the rsi there's a Lot of similarities here this is an oscillator. It goes from high to low high to low and you're. Looking for those opportunities to maybe signal when you should be getting in when you should be getting out, when are things overbought? When are they oversold and you could even use it when you're looking at some of the crosses? So for me, particularly when we're looking at things such as the macd, the moving average convergence divergence, i like those line crosses or the alligator when we've gone over that one i really like those line crosses for me.
I am personally not the biggest fan of using the crosses because, as you can see, it can get pretty messy, it can cross multiple times. So i think that can give you a lot of false readings. I'm more interested in are the lines at the top. Are they at the bottom are in the middle i'd like to know the general range of where they are between 0 and 100? Once again, this is better for a choppy range-bound market.

So, for example, right here, the s p 500. It has a nice trend upward, but for quite a while it was just giving us readings of that. It was being overbought. So that's not that helpful, because it was telling you that hey this should stop.

This should stop, but it really didn't stop. But on the flip side, if you have a range bound kind of choppy thing and the one i always come back to right here is just amd, so this is just kind of choppy sideways. You're gon na get some very, very nice trades here of okay at one point it's super high, then you ride it all the way down. Oh look at this.

It's oversold time to buy it all the way back up great it's at its peak time to sell it ride it all the way back down. Oh look at that. It's oversold time to buy again you ride it all the way back up, so when it's range bound choppy. This is a very, very good indicator, just to know.

Okay, i think we're doing for another reversion to place it in the next point of the range. That's how you want to use this guy. So if you look at it when we're comparing certain things, it's good and range bound, maybe not so good. Coming back to the spy um in things that are trending, there still are advantages.

I've been throughout this using the daily candlesticks you could use whatever time frame you want, because it's always taking in to account the most recent 14 training bars, so, whatever time frame you're on just take into account the most 14.. With this, i do want to illustrate some of the differences, so you know when you should or shouldn't be using this with like what something like the rsi, but with that. What are some of the key differences, so rsi is essentially measuring out the velocity of the most recent, basically umpteen bars, depending on how you have your rsi set up well on the flip side of it. Stochastics are more of it's kind of under the assumption that the most recent closing bar is like still somewhat in the same range as your previous closing bars.
So one is velocity of price movement and i would say stochastics is it's very key that that closing bar is still somewhat in the trend. Uh, that's how i would want to for you to think about these differences similar to everything we talk about. Macd rsi alligator v-wap. What this is is another good one, but you want it with a filter.

You're gon na see this in any time. I teach you about technicals that none of these none of these, in my humble opinion, should be used by themselves um. So with this one you might be looking at it and then all of a sudden you're like okay, let me use like an ema, you could throw on um, or here i have an ema. You could use a simple moving average.

I think this one might be a good example if we use the macd well, all of a sudden, you see that the macd started to get a little bit less, but then you also see that the stochastics is finally coming up. So maybe that's a buy signal for you um. It's just that's a, i guess, a silly literal example. You could use other support and resistance, such as the 500 200 simple moving average something along those lines.

This is another good tool that should be used. In addition, in combination with other filters - and this is very very good once again to just reiterate this technical oscillator - the stochastics is good for a choppy range-bound market, not necessarily a trending market um, and it just is basically signaling to you when things are overbought and When they're oversold and it's the relationship of the closing price with the most recent low over the past 14 and also involves the most recent high over the past 14 bars and then you're kind of averaging that out the first one's the fast line. And then the yellow one would be the three simple moving average of the fast line, which is the official sarcastic lime. Once again, that is the stochastic oscillator, it's a very common technical indicator that you will most likely be able to find on whatever charting platform.

You're. Currently, using all right, where are we at what did i miss? What did i miss? Let me know, obviously, if you have any questions on that indicator, it's a difference. Tracy you're saying that you're lost. Can you let me know a little bit about like where your confusion lies? I mean, if you're lost, that probably means that there's a couple other hundred people in here who are also lost um would love to help you out seriously uh.

This is the time for it, i'm i'm. I want that's. What's kind of cool about doing this stuff live is if there's confusion or questions like. Let me know, of course, i will post it and you could watch it again on like coors light, where it's going to end up living, but in real time fire away with your questions.

If i ended up being like honestly, like detrimental and confused you more about like what it is, or it isn't, um stochastics use it when things are choppy range bound and you do the opposite if it's very high look for it to stall out and come down. If it's very low look for it to stall out and hopefully, bounce explain, stacity in a post-modern dance, why 14 uh? Because that big brain george lane guy he said 14, i don't know you're gon na - have to ask him about it. One thing um, sarcastic low, slow versus fast. I have the ability to select either so if you can select either you're just going to end up seeing both of these lines but they're very, very similar.
So i don't know, probably the slow one, because you're kind of getting a better reading on the fast i would pick or you could just write you could just like display them both also similar to macd and rsi and you're. Going to see this pattern a lot. You could also use it to see divergence if the stochastic doesn't go as low, but the price goes lower. That's bullish, divergence and the same on the flip side if the stochastic doesn't go as high, but the price action actually goes higher.

That's a mismatch and that's some bearish diversions. Uh people are saying loop ring. Loopering is loopering, doing something. Fancy loop ring loop ring looking good to me.

I'm liking, i'm liking that loop ring. My ex-girlfriend had some slow, stochastics uh-huh uh-huh. Are you guys making fun of my eyebrows? How long do you see the wedge, building out for amc when it comes to channels like this, you don't know you just have to watch the channel um. I don't think it's gon na much last, probably eight more minutes when the market closes my throat, but my throat matt, you are great eyebrows.

I am great eyebrows. That's oddly nice of you to say, like i am the embodiment. You know how people could do like. Uh eyebrow, like they left one, i can't wow.

My eyebrows are just like connected to get come on focus. How do you just raise uh eyebrow? Whatever is going on in my like neural pathways? My brain has connected the two i'm just. I can't do man these things are pegged together. I i i can't i want.

How do you just move one? How do people even figure this out? That's a little different? I got them to no, i lost it already. I thought i got him how to learn. How to deviate they're pegged together. I can't do anything about it.

Where's, the next resistance on the whack, the whack, the whack to whack the whack uh; no, it's at resistance right now, uh next one's 70 and then 77.. So if it it's breaking, i would watch 70 and then 77.. My eyebrows are stochastically range bound. Exactly you guys are starting to get it.

Do you think danny devito would make a solid spider-man? Of course, i don't know why he hasn't been asked. Quite yet you got ta concentrate, i can't do it. This is this is my only downfall in life. Is that i can't independently control my eyebrows.

If you and trey spent all of your youtube earnings on amc with 5x leverage, could then could this squeeze? No not even close, it takes many many millions of dollars to make even a dent in a 20-plus billion dollar company. It would it wouldn't it would be a drop in the bucket. It's proven. If you can't raise one eyebrow, you definitely cannot smell what the rock is cooking.
You're right, grapefruit seed extract for your throat, kd, well, grapefruit seed extract also work on my eyebrows. This is this is, what's holding me back from being able to break into hollywood they're like all right. Let's see that independent movement of two eyebrows, and oh, my god, i can't my agent said i wouldn't have to audition that this time we need an nft moving. His eyebrows, like the rock great way, to show your name everyone's, just making fun of me my shortcomings as a human.

Are you streaming gamestop earnings? I will not be. I have to take a call. The old zoom call i'm up 95 on my phone calls today. Should i close uh if you're asking someone yeah, you probably should it sounds like you, didn't, really have a built out training plan, so you should be happy with that game and lock it in be stoked.

It's a wednesday. You doubled up your money uh. If you mention cappuccino, my coffee etf is rising, so someone said that tmi is streaming it. So if you're trying to get the gamestop earnings, uh hit check out tmi's channel and ask him if he can independently control his eyebrows, make sure make sure you fully understand the person who you're watching you miss my wholesome compliment.

Ah kinky kong, what's going on! I'm sorry kinky kong, where is it kinky kong, kinky kong, kinky, kong uh, where king kong, it didn't come up? I just checked out all of them. You have an issue with tmi, no, not at all i'm a fan of tmi. What i'm just telling you to ask him about his eyebrows, see if he can or can't do it. That's the mast investor to new apes.

Yes, matt's eyebrows! Stick together through thick and thin. My abs, my eyebrows, take after my body, thick 24. 7. Sync, you think public app won't screw us over during moas um.

There's no way to be certain. I hope they won't, but at a certain point, that's a little bit of uh faith. You need to have a brow off with tmi. I feel like i'd, be losing any brow off uh by the fact that i just don't have enough control.

How do people do it? It was in regular chat too long to afford oh kinky kong, you're, so kind. I appreciate that was it about my eyebrows. Your eyebrows stick together, like mormons and condos uh on your next mark. It up video.

Could you please include a breakdown of ticker symbol, dpls uh, i mean i could do it just like live during a stream. Let me write this down d. P. L s shout out family games, i can wink with either i i d i can do that and i remember i remember the event in which i figured out at first.

I could only do it with one eye um i was a youth and my mom was reading a book to me and i was focusing really really hard. I'm folk, like i'm, just shutting the other eye that i've never been able to do, and i figured it out and i shut that eye and i was like no way and i refused to open that eye until my mom acknowledged it.

4 thoughts on “ep 172 onward upward stocks crypto dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars chialy➑️(Smoothhack via telegram) says:

    When I↗️↗️↗️ started counting my blessings, my whole life turned around after meeting him. Am very certain that you are the best out there, All this positive reviews about him speaks volume

  2. Avataaar/Circle Created with python_avatars Contact:[smoothhack on telegram] says:

    He's doing what he knows bestπŸŒβœ… so well that I don't mind bringing all my πŸ‘¨β€πŸ‘¨β€πŸ‘§β€πŸ‘§πŸ‘©β€πŸ‘©β€πŸ‘¦β€πŸ‘¦friends and familyπŸ™βœοΈ..

  3. Avataaar/Circle Created with python_avatars Contact:[smoothhack on telegram] says:

    He's doing what he knows bestπŸŒβœ… so well that I don't mind bringing all my πŸ‘¨β€πŸ‘¨β€πŸ‘§β€πŸ‘§πŸ‘©β€πŸ‘©β€πŸ‘¦β€πŸ‘¦friends and familyπŸ™βœοΈ..

  4. Avataaar/Circle Created with python_avatars Staunchy says:

    The eyebrow rant had me rolling πŸ˜‚πŸ˜‚πŸ˜‚

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