Uh uh, so, ah, oh so mum, hello, hello, hello! We are back at it for power hour today, december 15th, aka fed day. It is the fed day. It is the fed day and boy. Oh boy, did we get exactly what almost everyone predicted it really? There was no um, there was no surprises.

There um a little bit of exactly what everyone predicted a little bit of evasive answers and a little bit of a dash of them. Basically, skirting around all the ways that they've messed up in the past, but hey what would you expect for people from the federal reserve that are so intimately tied with politics and everything else going on um so kind of interesting? If you missed the previous stream, where we kind of captured what happened live and all that, let me give you the rundown, but really the highlight of it is the federal reserve did exactly what everyone expected them to do and the way that relates to the stock Market and what we're also seeing in the crypto market is the fact that hey when you take that risk out of the equation, that's good um. There was no surprise, no negative, surprise, no positive, surprise. It was very much in tune with people at first were kind of cautious they're like well.

What are they going to do? Are they going to start raising interest rates? We already knew about the tapering thing that was widely assumed, that going to happen um, but the market does not like unknowns and the fact that the meeting is concluded - and there was no big surprises - that that means we're taking one of the unknowns out of the Equation and on top of that, the other unknown related to kind of more of the hardcore political world of the debt ceiling, it seems like that's also being properly handled so quickly. Let's go over what happened in the fed meeting fed will aggressively dial back its bond buying sees three rate hikes next year. Well, ah, i don't know if i took away that same conclusion of three rate hikes and we're gon na get into it. Are they dialing back their bond buying yeah they're gon na stop buying all those james bond movies, they're gon na chill out on that, a lot of people are concerned: they're, like hey man.

Why are you buying billions of dollars worth of bond movies bond memorabilia? The naming rights to the next bond movie, paying for stuff for daniel craig to do his vacation with his family, maybe not the best resources for the us government and the fed's saying yeah. No okay, like we got a little crazy. It was the pandemic. We were all stuck inside, we needed time, and maybe we bought too many james bond based movies.

We are going to cut it out. Well, a lot of people kind of saw that coming because it gets a little absurd, so they are making aggressive policy moves. In response to rising inflation and inflation's very, very high right now so the consumer price index - this came out a little bit ago - 6.8 percent and that's the highest since 1982.. The producer price index coming in at what was it 9.6, which is tying a high from 2010 from the fed meeting.

We know that they're looking at inflation of 5.3 percent and then they're hoping that they can bring that back down to 2.6 next year. The goal is 2, so even this year, obviously we're almost triple it next year, we're still coming in a little bit hot, but it's looking like it. Hopefully, maybe i'm being a little bit optimistic. Hopefully it's something that is able to be managed.

Obviously, fingers crossed with all of that, but let's see how this all truly ends up playing out, but those are the numbers and they're still harking on the whole transitory thing of like we. We decommissioned that word we're not using that word and like they're like it still feels weird that, like they're gaslighting us on that so before i get into the rest of this, what you need to know the metrics before november, they were buying 120 billion a month. Uh, mainly through treasury and then other like agency bonds, going on there um 120 billion with a b, and we need to get that back down to zero to help battle, inflation and other tools they have to battle. Inflation do relate to raising interest rates um so keep that number 120 in your head, because in november they lopped off 15 december.

They cranked that up to lopping off 30, and we are running this down to zero for one the fed said it will accelerate the reduction of its monthly bond purchases. The fed will be buying 60 billion of bonds each month, starting in january. As in like we're getting to half that number, so we started at 120, we cut off 15. Then we cut off 30 and now we're going to be at 50 of the total number starting in january, half the level prior to the november taper of 30 billion.

Less than it had been in december, the fed was tapering 15 billion a month in november, doubled that in december, then we will accelerate the reduction further in 2022.. I went through it quickly because all the numbers you have to know is we're at 120 we're trying to run it to zero and half that amount will be purchased in january, so we're kind of weaning the economy off of all this backstopping after that wraps up In late winter or early spring, the central bank, the fed, expects to start raising interest rates which were held steady at this week's meeting. So the interest rates were not raised at all they're, pretty much zero. That's a very common tool that the fed has at its disposal to fight projections released wednesday indicates the fed officials see as many as three rate hikes coming in 2022 with these two in the following year and two more in 2024.

So once again, i just want to like really bring to your attention projections released. It wasn't the fed got up there and said: hey we're doing two next year, we're doing three next year we're going to do four between 2022 and 2024.. They didn't say that these are all based on projections that they have coming. I would say it's pretty safe to assume.

Oh, it's very safe to assume that we're gon na have one next year and then the odds day over day are seemingly increasing for two. Next year, as of now as of december 15th, it does seem like three is kind of a reach for next year, but also a couple months ago. They didn't think they're gon na have any next year, so it does change pretty rapidly. I'm not gon na say it's impossible, i would say we can't guarantee squat, but one is pretty close to being guaranteed and the odds of two rate hikes are definitely increasing for next calendar year.

So this is comment from the chairman, jerome powell himself, economic developments and changes in the outlook warrant, this evolution of monetary policy, which will continue to provide appropriate support for the economy. So it sounds dynamic. They are charged, they have two different mandates: price stability and battle, or keep unemployment as low as you can so they're going to use their various tools to do that, and on the flip side, they don't want to do it so aggressively that they prompt hyperinflation. As of now right here, we do have inflation for 2021 5.3 percent next year, they're looking to drop it to 2.6 percent, that's the expectation and then we went over.

I guess these various other metrics, the nine point, six percent and the six point. Eight percent consumer pricing - that's the price producer price index, but this is kind of a new one that i don't talk too much about is the actual unemployment rate uh the projection. In 2022 to come down from poor 4.3 percent uh for 2022 from 4.8, so we are looking for this drop of about half a percent 4.8 down to 4.3, just for those people out there who really like the specifics. So that's your quick fed update and to kind of map this over to the market of what it does and doesn't mean so at first when these numbers were released.

There was this right here: 2 p.m. If i zoom in on the s p 500 at 2 p.m, right away, it went from 462 all the way down to 461, and this was just like whoa whoa. It was like maybe a weird just algorithmic reaction, trying to figure out what was going on with the rate hikes, but when people started to realize that no okay, we already expected the tapering not a surprise. So you can't really count that and it does seem like they are going to remain dovish.

It wasn't like there was some big hawkish surprise of like we are gon na. Do so many rate hikes it's going to make your head spin. That didn't happen, and people like oh okay, cool, so it sounds like we are like doing exactly. What's expected, people started to buy it and it took a little bit of a dip, but in reality, as i've been talking, rambling on um we're going even higher and higher and higher um.

So right now the spy pushing 467. We have the queues pushing to 393. apple uh. Who knows this might be sending up for a crazy crazy, maybe that three trillion hit tomorrow.

We have to get up to 182 in some change so about two dollars or excuse me, four dollars off of that. Tesla right now has been crushing it uh tesla. That is the the a call that i made in the discord in midday uh. Currently, that is up 72, so we're up five grand on the tesla call and amd for next week that one's up eighty percent, so we made a very small profit, a ten percent profit on robinhood today that once that was open, and that was closed today and Then the two others were a tesla call, an amd call and between those two amd's up 77 percent tesla up 68 um, and for me the sizing that i took.

That means that in total, it's up about seven grand today so um, hey, we knew volatility, would be uh high high today, and we also - i don't know i just kind of bet on them being a little bit more dovish and also i was just buying on Some weakness amd, i felt extremely comfortable with just because when everything else was a little bit questionable this morning we saw amd actually the semiconductor industry in general, showing strength. I bought the technical breakout, and this was my plan. I want to see it test. 145.

146.. This is i this was my entry, here's what i'm looking to exit and i would like to swing this overnight. Just because i don't know if we're really going to hit 146 today, maybe we will. We have 45 more minutes, but this is my price target region right here, 146 and then in terms of tesla.

This is very much a day. Trade uh would love to see a break out of 970.. If we break above 970, i might swing it. Tessa loves to do this gap up action whenever it has a nice trend day.

The next day you see a gap in whatever it is, but then the next day doesn't really seem to continue the trend, so we'll see how this all plays out i'll. Let you know in real time, but i'm still the public ones that i've been talking about still in amd still in tesla, very much looking to swing amd. Honestly, it's not really crossing my mind to close that out today. I might if it pushes that level of 146 just because, like that's easy money um, but with tesla, i don't know i'm playing with fire because i bought the 970s and they expire this friday, so sometimes um.

What's it a bird in the hands worth too in the bush, and if you know my history with tesla training, if something can go wrong, it will go wrong. So i'm going to be a little bit more calm with that a little bit more calm with that. I do have some other things i want to talk about previously. Someone was asking about hey when we're talking about the fed and yields and bonds and all that stuff.

How does that interrelate? That's a very, very good question. So a little bit of a teaching session right now, you're going to hear the term treasury bills, notes and bonds. When you hear those just think a very fancy government loan money flows from party a to the government, the government gives back the like a certificate and when a certain amount of time passes, they pay you a little bit of a premium and saying hey. Thanks for letting us borrow your money, so if it's a bill typically less than a year, if it's from what is it, i believe one to ten years, it's a note and anything above that is then considered a bond but they're all three different types of these.

Very fancy government loans - you give money to the government or party a it could be. Whoever gives money to the government. The government uses it and when a certain amount of time passes, they give you back with a little bit of an interest payment um. This interest payment that difference - that's actually basically gon na, be your yield.

So if you give them a thousand dollars and they're like say, hey, we're gon na give you 10 percent um that's going to be the yield right there bond values. So, if you're looking at something such as tlt, this is the 20 year right here. Right here 20-year treasury bond. So as bonds go down, yields go up, yields and bond pricing, they move inversely of each other.

We can have a breakdown of why the math always works out that way, but basically, if you think of it, if the bond is going to have a certain after its maturity date, whether one year, one to ten or the twenty, depending on, if you're dealing with A bill a note or a bond: they have different maturity dates as when the the agreement is over, if you always have a certain value for what it's going to be at well. That means if the value goes down to get to that value, you have to have a higher interest payment, but on the flip side, if the bond itself, if it's getting closer to its par value or if it goes higher than its par value, well, to do That mathematically, that means that your interest payments have to go down. So that's why bond prices such as tlt or, if you're looking at yields, they're gon na move inversely of each other. That's like the main takeaway interest rates up bonds, down bonds, up interest rates down um.

So that's how it's going to relate it. These treasuries, uh, the bills, notes and bonds. Think of them as a government loan. That's the easiest way.

I think for the people to wrap their head around it well just wanted to share all that with you. Obviously, if you have questions, let me know in a comment below but moving on. I want to talk about some fun developments from today, so it was reported pelosi. One of the best traders on the entire planet rejects calls to ban lawmakers and spouses from trading stocks, and then i have a little bit more of an update for you.

Pelosi says: lawmakers capital staff shouldn't be prohibited from trading stock. This is a free market and we are a free market economy. They should be able to participate in that now. I thought i don't know.

I'd give the world a little bit of hahaha, and i i fixed pelosi's comment for her because i'm a nice guy. This is a free market. We are free market economy. They should be able to rig that for their own financial benefit.

You know sometimes people just like they forget what they're saying, and i myself in the past have used incorrect words in incorrect places and i think that's what happened here. I think pelosi was doing very very well until she got to the last phrase of this sentence. They should be able to participate in that and in reality i think she just meant they should be able to rig that for their own financial benefit. So that that's my opinion and it's one of those things.

That is anyone at all at all surprised that she thinks people should still be able to trade if they're politicians obviously she's getting eviscerated for it, and i guess for a moment of realness. I think that there's two valid options: either they shouldn't trade or if we really believe that of hey. Like i get that i'm a public servant, this shouldn't be a pathway for me to be gaining an immense amount of wealth. It seems to be kind of counterproductive to what these public servants are doing, but even if we want them to be able to participate, i have a solution.

I have a middle ground how about if they do trade, whether basically, if you have any political position or if you're a staffer for political position, i think all trades should be like posted instantaneously. I think the whether it's a spin-off of already an existing brokerage or if the government should have its own brokerage, but as soon as a government or related to a government official trades. As soon as that happens, it should be reported. None of this 45 day, 60 or 90 day bullshit of waiting waiting waiting.

I don't care, i don't care if you're right, left, independent liberty, i don't care. If you are involved with the government. It is not a pathway for you to amass wealth. You are there as a public servant.

That's what politics are same with federal judges same with the fed chair, all those people, if we don't want to stop them from trading cool, whatever trade, but i think all of their trades should be disclosed day of, and it's one of those things that if you Have one violation: okay, cool? You get a warning. You pay a fine. If you have a second violation boom, you are banned, ban ban banned. You can no longer trade as you are holding your political position.

Those would be my personal rules, a two-strike system and before it i want instantaneous public reporting of all of their trades. It is insane the abuse i mean. It was just reported that 182 high-level congressional staffers have a myriad of reasons of why they don't think it's appropriate for them, or they just came up with bullshit reasons of why they're not disclosing their trades in a timely manner when they still have a month and A half it is absolutely insane, and this is a problem that is, i don't know, we're seeing it throughout all of government. This is not particular to republicans.

This is not particular to democrats, it's it's just a political issue and there many of them are abusing it. Many of them are abusing it. I actually just wanted to quickly show this clip to you. Members of congress use privileged information to make money on the stock market, while they're supposed to be working for you make no mistake: it's legalized corruption, there's no good reason for elected officials to trade in individual stocks at all, unless you have special insider knowledge buying and Selling individual stocks is a terrible way to get rich.

It's gambling plain and simple: that's why many americans, with retirement accounts, prefer to invest in index funds which are tied to the performance of the entire stock market, but many members of congress continue to invest in individual stocks and some do quite well. How do they do it, but just before the economy crashed in 2008, several lawmakers frantically shifted their holdings to safer investments. This frenzy came just after private meetings with treasury officials, who had warned that an economic disaster was imminent. I imagine most of you weren't invited to these meetings.

I certainly wasn't, but those lawmakers were and could have chosen to act on that information. When this story came to light, people were naturally outraged. I think it's highly unethical. I think it's highly offensive and wrong.

A pressure congress passed the stock act in 2012, which formally banned insider trading. The act also required lawmakers to disclose their stock sales and those of their spouses within 45 days. By forcing these transactions to be public, the hope was that lawmakers would stop making questionable trades and it worked well partially. In january 2020, a handful of senators, including richard burr, dianne feinstein and kelly lefler, all made significant trades after receiving a classified briefing on covet 19..

Well, before the public knew the full extent of the threat few, if any lawmakers have faced serious consequences for violating the spirit or the letter of the law as insider trading is notoriously difficult to prove. In 2021 alone, news outlets identified 47 lawmakers who failed to properly disclose their trades their punishment nothing lawmakers are supposed to face. Is it still buffering? I don't understand this uh. Why am i having this issue? Pay your internet bill doing this? What is going on? Because now this one's a little bit different, it's impacting i'm getting attacked, getting attacked, huh dropping a lot of frames.

Click to add drops right here. Am i back you're back people are saying that i'm back, i believe you, i believe, all of you um. Let me go: let me rewind a little bit on that before the public knew the full extent of the threat few, if any lawmakers have faced serious consequences for violating the spirit or the letter of the law as insider trading is notoriously difficult to prove. In 2021 alone, news outlets identified 47 lawmakers who failed to properly disclose their trades their punishment.

Nothing lawmakers are supposed to face appalling two hundred dollar fine for failing to report on time, but congressional ethics officials usually waive it there's an obvious solution to all this bar members of congress from trading individual stocks. The proposed ban conflicted trading act. Does just this lawmakers. Would have six months after being elected to sell their individual holdings, transfer them to a blind trust over which they have no control or hold on to them until they leave office without treating them.

But congress has yet to hold a vote on this bill, even though 67 percent of americans agree. It's a good idea to ban members of congress from trading individual stocks. There's good precedent for this. In october 2021, the federal reserve, following its own stock trading scandal, announced that fed policymakers would no longer be allowed to trade, individual stocks and bonds.

Why shouldn't congress do the same as usual? Follow the money. A majority of lawmakers are millionaires who likely get a sizable chunk of their wealth from investments and trades, so they won't support this bill unless there's enough public outcry to make them, and that's where you come in with distrust in government near an all-time high. Even the appearance of a conflict of interest hurts our democracy. Members of congress are elected to represent the interests of the people, not the money in their brokerage accounts.

Banning members of congress from trading individual stocks is a no-brainer. Let's get it done, it really is. I just wanted to share that. I mean he was pretty.

I don't know at the start of it when he was having the commentary of like it's gambling well like if you're just saying, there's risk involved well, technically, even being in an index fund, is gambling. Nothing is ever ever guaranteed when it comes to the market, so i think that's a little bit silly to say like as extreme as he did um. But overall i agree with him: either you're banned no individuals stocks, but even with the overall market, there's problems there, because even if they're trading, the s p 500 well, we saw a whole host of elected political officials getting out of the market right before all the Crazy news in february of 2020 broke related to the spread and the severity of the novel coronavirus. So at a certain point, even just saying the overall market, there is certain information that they're privy to that we are not privy to so.

Is it a step in the right direction to say no individual sucks yeah, because most of insider training relates to deals and this contract and that contract and this new tax or this new tax and all that? But it can also have implications on the overall market. Whether it's s p, 500 or bonds, that's actually what the federal reserve guys got in trouble for we're switching from bonds over to the overall market. So i don't know if it's a perfect solution. Maybe the perfect solution is some mixture of what i said before of no individual stocks and even when it comes to the overall market, instantaneous disclosure.

I think it has to be something about if you're gon na trade, even anything if it's an individual stock which might be banned or the overall market or bonds or crypto, or any of that i just want instantaneous disclosure. I understand that there's a lack of advantage when someone like a hedge fund does it because they're in competition with other hedge funds, but that should not exist in politics. If you have so much money that you're worried that you're in competition with hedge funds and other wall street goliaths, i have some serious questions. I have some serious in questions.

If someone is so influential that they don't want their trades disclosed because of the potential ramifications across all of wall street, that in itself would then be a problem. Some of it is just so freaking wild that we're still talking about it and what was that metric? 67 of americans thought this was a good idea and they've yet to even vote on it. I know that there are outspoken people such as aoc, who are like. No, we shouldn't trade.

I don't even want to be in it because then it judges, it clouds. My own judgment, and then you have people such as pelosi and feinstein, who um dianne feinstein, who make a killing off of training, and then there was that other guy and that other woman who were all training right before the like february announcements of the virus. Like it's just disgusting and it it breeds nothing but distrust for the overall system, and it really fosters discontent and anger and frustration, and as that video explained like you're there to represent the people, not the dollars in your own investment account. That's a very good line because it seems like maybe they aren't there to represent us, and maybe they are there to represent the dollars in their own brokerage account which, like what? What the fuck like that's and it's weird, because then we're counting on the people.

In those positions to make rules for in those positions, it's such a brutal catch-22 that we found ourselves in, because the people who can make rules to track it are those people that we've elected. So it's so rapidly a catch 2022, a 2022, a catch-22 and then the ethics committees. Even when they catch them, they don't pay the fine anyway, that's another weird thing: the ethics committees, i don't think, should be rated related to the government at all. There should be an independent auditor that the government officials don't know about at all, and it's almost like a civilian ethics committee.

That's what we need. We need a civilian-based ethics committee that reviews it so people who are, i guess, familiar with training and wall street. I just don't get how we're asking them to do their own self-regulation. That feels like the same as finra.

That feels like the same as dtcc all these people, when they're there for profit and like wealth, can be obtained, and then you add in like that. Little nasty aspect of self-regulation - i don't know self-regulation feels stupid. It feels dumb, it feels dumb, but you know it doesn't feel dumb or maybe it's dumb, but it gives me it gives me joy in life and i just really feel the need to share it with all of you, because maybe you'll laugh, maybe you won't, but It's funny nonetheless, uh this you got ta see this. You got ta see this.

You got ta see this. Where is it? Where is it? Where is it uh man he's really on a tweet storm? Where are you no well now? That's not even loading. Oh here we go okay. Oh it's not loaded; okay, so uh they, if you don't know elon musk the world's richest man, one of the world's leading entrepreneurs, one of the world's leading innovators got times person in the weird world year times person of the year.

I was going to say of the world, but it's just because of what he's doing with mars, but right away: elizabeth warren hopson, let's change the rig tax code, so the person of the year will actually pay taxes and stop freeloading off of everyone else. This is a bold statement, we'll actually pay taxes actually pay taxes with the insinuation that he doesn't pay taxes and if you're going to say that you got to do a little research uh, i mean i'm more than happy to stand up against rich people who are Getting away with certain loopholes, but you have to kind of know what you're saying and you can't just say, we'll actually pay taxes, that's a bombastic incorrect, erroneous statement because he does pay taxes uh and then he said, stop projecting making fun of her. But right here you remind me of when i was a kid and my friend's angry mom would just randomly yell at everyone. For no reason, please don't call the manager on me senator karen.

These responses are just so wild and he actually followed up with other stuff, and if you opened your eyes for two seconds, you would realize i pay more taxes than any american in history this year. Don't spend it all that once oh wait, you already did. Oh man, he he's not holding back the he's been going back and forth at first. It started with the chairman of the senate finance committee, and then he was fighting with bernie sanders and now he's picking a fight with elizabeth warren.

I guess when you're the world one of the world's most influential people, when you are the world's richest person, you're afforded the ability to do these types of things. But when he said call the manager, oh wild wild wild. But it is it's kind of, and i guess you see this in media and you see this in politics a lot and whether you support elon or not, whether you support elizabeth warren or not. I don't care but to say to pay taxes when, in reality he's going to pay more taxes than any american in history.

Those are two completely different sides of the argument, and it's just i don't know it's weird to do that of like to get the likes and the clicks and say: hey man, i'm on your side when in reality, maybe the truth isn't there in this particular one Is elon musk a mother teresa and has never done wrong? No, i mean no, obviously not he's, definitely taken some pretty serious missteps. But i'm saying in this one particular issue: you can't be paying more taxes than any american and then we get also commentary we'll actually pay taxes. Those are literally someone's lying, so these two cannot live in the same universe without one of them being horrendously incorrect. One of them has to be, and for whoever, that is, that is an extreme extreme embarrassment, but at least this don't spend it all at once.

So we you already did oh well on a positive note. Amc is above 25, that's a nice technical breakout. You have gme above 150, that's also solid. You have the qs running.

How is amc amd doing up here? 140 wow everything is pushing. Everything is moving into clothes. This is nuts wow wow wow holy cow, every everything's just moving right now. Let me throw up gme right there.

Oh sorry, amc i'll, throw amc down here. My apologies um. Let me check out this account wow. So the tesla and the amd are up they're, both up 129.

I have doubled up on that call, that's wild! That's insane! I could be smart and lock in half these profits, but hey, i guess i could we could. I could either leave it up to you in a poll or i could flip a coin. Anecdotally, i'm going to go off, there's going to be no metrics on this. Should i first question is: should i ask you guys in a poll or should i leave it up to a coin flip? That's question number one question number one is very much pull pull flip a coin.

Pull coin, pull pull; okay, pull i'm seeing a lot more! Pull so ah mm-hmm, i'm trying to think of how to structure it because we have two different plays. We have 15 different calls in total, i'm trying to think of the best way to i guess handle it. I mean the amd one. I really do want to swing it because amd it's breaking out like i, and i have time this one doesn't even expire.

Like you saw my plan right here, i thought it was going to take some time to get up to this level, but now we're kind of just pushing push and pushing what if this puppy keeps going to 152.. I don't know if i want to fold a hair uh like uh being dealt pocket aces well. Also. The rsi is extremely high.

Matt matt matt matt matt matt. What are you gon na do? Are you gon na embarrass yourself for the point of entertainment, or are you gon na make a good trade? The world may never know how's tesler how's tesla, looking tesla's all now they're, both at resistance uh. So many things to weigh out tesla's rsi is less, but these expire on friday amd amd is already overextended, but those expire a week from friday. So i have more time on amd, but the technicals are more extreme.

I have less time on tesla who decisions decisions, decisions, decisions, decisions, okay, so um game time decision nothing like trying to make solid financial picks uh when you're streaming to thousands of people, let's be smart, everything's pumping it's pump. Ah, it's pumping galore right now, like i just don't. Sometimes you want to let those winners run well on the bright side on the bright side, i have 20 minutes to make said said decision. Oh man, oh man, oh man, i see a lot of people saying lock it in that's the smart move, but really where it's at right now.

This is a new baby account that i started two weeks ago and it's it's a baby account um. It's not at that 25 000, but it's almost it's at the 22.6, because these trades have rocked it. So, basically the account has gone from seven point: five thousand seven or eight thousand and right now it's sitting at 22.5. So i'm right under that 25 limit and i have a day trade left.

I got into amd and i got into tesla today. If i were to get out, i could only get out of one. I can't even do half and half of each. So if i do half, i can only do half of one which would be a quarter.

Okay, let's be smart here, let's be smart. Let's do let's use our big brains, let's use our big noggins all right, so i'm battling with pdt on this baby account and it's close. It is close to being over 25k and i have one day trade. I have one arrow left in my quiver to fire.

One arrow left, okay, so it seems like the most reasonable choice due to the expiration is i have to swing the amd there's no way around it. The amd has to be swung overnight because i have more time, there's inherently less risk and i'm going to have less of a theta hit on amd. So that's my final decision on amd is, i can't touch it. I don't want to burn a day trade on it, and it has more time so i'll have less and less theta.

Now the big one is what in the world is going on with tesla? What in the world is going on with tesla? It just got rejected at resistance. That's what's going on and now in this entire time. I'm talking it's getting. It's trending the opposite way from twenty-five all right! There's only one thing: we could do magic 8, ball, simulator all right! Well, when you don't know what to do, sometimes you have to be a little bit more realistic um.

My question is: will tesla gap up tomorrow and just in case it needs to be a little bit more specific. 12. 16.. All right! No! Oh man! It's not gon na gap up tomorrow, well that man that adds okay, so now tesla's not gapping up tomorrow.

So now it's getting out today, if it's not going to gap up, i can't um problems problems. Problems problems, i probably should have just got out, as i didn't realize. I thought there was a chance of gapping up. I didn't realize that there was going to be no gap up, so that is complicating things even more 979.

Why did i not get out right there yeah right at that resistance? Obviously, that's such an important level 980 look at rejection, rejection, support support who would have thought who would have thought that it would have ended like this uh did the eight ball state? It's not financial advice sue. If it's wrong, oh man, all right! Well, i guess i have 15 minutes to figure out how to play this. All out. Do you have for ducks sake, but i mean the half thing that is the best play.

If i wasn't worrying about pattern day trading, if i didn't have my hands handcuffed behind me honestly, if i didn't have to worry about pattern day trading right now, i would probably lock both in and just come back tomorrow. I would come back tomorrow. I would wait for the morning volatility to cool off. I would wait for all the i guess implied ivs to calm down and if i still liked what i saw, i would probably re-enter uh, given whenever the new situation is.

That's how i would play it. If i did not have to consider pattern day trading, i would lock both in sleep well return tomorrow. That would be the play barring pattern day trading, but now that there is pattern day trading and the government wants to make it more difficult for you to trade. A smaller account, it is something we obviously have to consider.

Both amd and tesla have run into resistance and they're getting smacked they're getting smacked, hmm interesting, an interesting predicament we have found ourselves in wasn't the eight ball citadels? Oh man, oh man, hang on quick, quick cappuccino, break quick cappuccino, break all right. Where are we at well now? Actually, everything is kind of calming down. You have the spy you have the cues everything's, taking a little bit of a breather. What is today today is wednesday, wednesday, wednesday wednesday man, that is some serious strength.

Coming back in the spy cues 395 man, everything is fighting right now, amc, that's great. On the day, jimmy pushing its trend line prague's in the green loose is actually down, but nice green bar. I had a gap down i liked. I would really like this tesla play.

If i had more time, if, if, if even apple's crushing it nvidia's back over 300, even freaking hood is catching a bid. You have crypto that went. Nuts bitcoin went up to 49.5 000 ethereum dumped 4 000 decisions. Decisions, decisions, uh crypto printer - is arguing.

I should lock in tesla wow in the time that we've been deciding this, as in the time that i've been deciding this, i have somehow lost three thousand, like my profits, have gone down by three thousand dollars. Stick to your trading plan um yeah, but i can't in this scenario, because i can only get out of one because of how stupid pattern day trading is, i didn't think amd would move this rapidly. I thought amd would take actually a couple days, so the training plan has to be revised in real time. Oh wait, hang on, we are uh.

Crypto casey on youtube, looks like your sister. Think too. I actually know crypto casey i, like her content. Uh buy more of both.

I like brambles, stick to your trading plan qwerty. I wish i could what's going on matt after hearing what's going on, would you personally hold spy calls until tomorrow? That expires in two days, pretty much where i'm at i'm in a very similar conundrum. As you denzel start an online brokerage specifically for government employees completely transparent to the public and would be updated live, i think that's probably the best solution, derek we are back boys. Amc and jimmy to the moon.

Thank you. Man always said. Stick to your trading plan a moment of silence for the paper hands a moment of silence miss the morning stream. I see carousel is back at it again.

How is it not market manipulation? Two tweets tank. Two stocks - um, i mean carysdale - i mean i don't know what you mean back at it again um. I think you're referring to the cei report, but no one ever refuted that the information was wrong. Um.

If you are expressing legitimate information to the public uh, i think that's fine, it's more of concerning of when you're stock, bashing and spreading false information. Oh very, very quickly! Uh, if you guys could help me out and just all destroy that like button, helps me out with the algorithm uh there's about five thousand of you in here, so it would be sick, even if we could hit half of that we're at a thousand right now. So, if 1 500 of you beautiful apes, i'll put it this way. How about this i will swing everything.

I won't touch a darn thing whatsoever, i'll swing it all overnight. I'll put it all on the line, i will as they refer to it on the playground. I will nut up if we hit 3 000 likes 3 000 likes, and i ain't touching a darn thing. I got you bro, so that also means that if you don't want me to swing it all overnight, you should actually be unliking uh.

It does work both ways if, if you want me to actively lock something in, i would highly recommend not liking whatsoever, maybe even unliking so we'll see and you we should probably make this decision by like 3. 56. 3. 57.

So i have time congrats someone charlotte said, unlike i understand, you're bad at tesla, inverse your gut um. I don't even know what my gut's telling me anymore. You don't have 25k in your account uh. This is a new account that i started two weeks ago.

A small i started with somewhere, i don't know it was like seven, eight thousand dollars a couple weeks ago, so i've been trying to build it up to see if i can hit pdt just something for some of these really i've been using it to track um. Some of the alerts from unusual whales - i don't know it - keeps me busy in the times of like disarray, when amc and jimmy were getting so like annihilated, keeps my mind busy put 25k in your account yeah. But there's no like that's. Not a challenge like that was the challenge was to build it up to 25k.

That was the fun part. Sometimes you got ta test it out. I mean it's easy to preach against pdt when you're over it and then how's that, like helpful to the people who are battling it because there's probably a lot of people who are watching right now who are like no, i have those exact same problems like i Want to hear how to handle this in real time, uh we're at 2.. It sounds like a lot of people are expressing your opinion that they want me put it 5k to take out both states.

I can't take out both that's the issue. Robin hood gives you one reset uh. I don't know my like, i'm not on robin there's no way i would benefit robin hood at all. This is not on public public doesn't have options.

Trading haven't been very active lately with new baby and busy season and fedex, but had a monster green day, whole portfolio of 50 thanks but diamond dallas, page double congrats, obviously major congrats with the the newborn. I hope everyone's happy and healthy uh, the kiddo, the wifo and yourself uh and then also, obviously, a cool congratulations on being up 50, crushing it personally i'd sell amd, hold tesla till tomorrow whoa. I like that. I mean that's a little bit more risk just because of the expiration.

The teslas expire on friday and amd is like the next friday, and this is honestly in my own career, barring all of just like my stupid, tesla trades um in my own career. I've noticed my worst training is right when i'm under 25, because all of a sudden, my good methodology to build up my account, you start clawing for that last little thousand, maybe of like you're there, like you, grew up by hundreds of percent and now all of A sudden you're like wait, i just need one more thousand, i'm at 24, i'm so close, and then that's when you do dumb things and the wheels come off the party um, just because you're now breaking your own methodology that ever got you to that point. So kind of interesting, so on kind of interesting man, the cues are strong. Legit just happened to me.

It happened like i think it's actually like uh well experienced, unfortunately, a commonly experienced psychological phenomena. I think that realm of trying to get from 23 to like maybe safely at 26 27k. I think that is the hardest portfolio value to actually do, because you're so focused on not going below it opposed to like good training, uh you're way more focused with your p l way more focused. I i think it's like the hardest range to be in all right.

Where are we at holidays? I feel inflation in the mid section. Is it transitory? Is this equation inflation but transitory equals thick? That's what mk new york's resolution shout out mike? We are back shout out, uh shout out shout out shout out uh and i'm telling you we're right at that range. It's at 22.5 k and the time is 356. man.

It is ending, and such a strong note like this close - is wild the spy, the q's even iwm, amc at 25 gme pushing 150 tesla's, pushing that resistance, rivian doing nothing apple, pushing 180. like it's just so many people are buying it into clothes. Circa, 2018, circa. 2018, this was like the main methodology.

The first time i had to build up an account from like three grand to over 25. This was the play. I'm not saying it's actually the most useful methodology now, but in 2018 the play was look for low to medium float. Stocks that closed on very, like a lot of strength.

You buy it right before close, and then it seemed like that was the method was play. The quick gap up the next morning, um that was actually the first methodology i had that, i would say, was well-defined methodology that helped me go from a three to five k account all the way up. My first account above 25k um that, like i, was like actively training trying to figure out like what the hell is going on since then in 2019, it wasn't, as as successful training patterns come and go uh that type of thing you use it and it works Until it doesn't and then you have to know when it's not working and you move on with your life, hence why i'm saying it was very, very good in 2018 and i i haven't been using it lately, but i'm also not seeing many people talk about that Type of a deal like it was just like a lot of momentum plays in 2018 that you could like really benefit off of that. So it's kind of reminding me of it honestly the strength that we're seeing close right now now.

Does that mean anything? Is it gon na all hold till tomorrow? I don't know, i don't know, i don't know jay keith he's going to swing both mm-hmm. This is painful. What time is it? 9 59 nope shit hurry up, matthew. Wait.

I put i put the order in fill it. I put it under the bid, it didn't give me my oh yeah it closed. I it didn't give me my fill. I put my order in at 33 and it's turning at 33.50.

Did it go through? No, it didn't. I tried to close uh my tesla, but my order was not filled. I uh, i don't know how i feel i don't now it's up to the the to the market gods to decide how they wanted. I i wanted to lock in tesla.

This was it's too close of expiration. I don't know why it didn't give me my fill. This is why order execution is so important. I put in a limit order under the bid or actually under yeah under the bid, it should have been an instantaneous fill.

Well, that was a fat fail. Maybe it was meant to be, but i don't know if it's meant to be, because the magic 8 ball actually told us that it's not going to gap up. Well, that's a bummer. That is a bummer.

What in the fucking world just happened? Is that a misprint? What is going on there? This can't be good. That's not a good omen that that that is, that is definitely not a good open for tomorrow. Oh man, man, oh man, all right. A lot of people are asking for uh the ortex update uh 20.85 on amc and 16 on gme uh.

Well, there's my nerves. I don't know all right, you're gon na find out either we're gon na be really happy tomorrow. I'll probably be getting up at 4. Am to see if these things are gapping up or gapping down, um we're gon na see how this goes.

Oh man yeah, i don't know hey this is this is where it's going from like a legitimate trading methodology to kind of like you're banking. On luck, you're attempting to like thread a needle, but it has the entry - was good. If i didn't have pattern day training i would have been out - and i would have just revisited all this tomorrow - probably around like 11 a.m. Maybe 10 30, when the volatility comes down, but hey i hate this part of trading.

I hate the part where you're like just under just under pattern day trading. I hate it. I hate it so so much we'll see how it goes, we'll see how it goes. I think maybe i'm trying to comfort myself a little bit, but between the fed meeting, everything closing you still have the crypto market, looking strong as all heck ethereum back above 4000 bitcoin uh, pushing 50.

things they're looking good, but maybe i'm just trying to. I don't know give myself a little bit of confirmation bias potentially, but we'll see how it goes. Market ended the s p. 500.

Up one point: five percent: the q is up two point: three percent russell. Two thousand up one point: six percent amc at point: six gme up point: six: prague up: four tesla: 1.8 apple up 2.8 nvidia up 7.5 amd up; eight man, uh bitcoin trading, just below 50 049.2 ethereum, just above 4000, solana, 180 avalanche crossing over 100 at 103.. Excuse me manic 217. It was pretty much uh a holiday in the markets the fed day we yesterday today, i was telling you a lot of volatility and that's exactly what we had man.

Oh man, what a day, what a day i will catch! You 9 a.m. Bright and early tomorrow, and if you look at the prices of amd and tesla you're going to know, if i'm going to be in a good mood or not when when we start that stream so fingers crossed knock on wood, let's see how it all plays out. Most importantly, i appreciate your support. Thank you so much for the morning stream.

Thank you so much for the crypto stream and thank you so much for the power hour stream. All of your support, it means so much to me. Thank you. Thank you.

Thank you. As always, i wish you the best of luck in the markets, so does chair i'll catch, you am bright and early tomorrow. I hope you have an absolutely fantastic afternoon evening night. Whatever time it is for you, i hope you have an absolutely great one and i'll catch you tomorrow morning, bright and early have a good one.

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