Foreign. Thank you Foreign. Oh oh brother oh brother oh brother oh brother boil boil boil Boy do we have a show in store for you today Wednesday March 8th at least I think it's the eighth I'm pretty sure it's the eighth is today. The eighth is that what my computer says I think it's the eighth I I think I think it's working something like that.

Whatever. It's only for the people who believe in the Gregorian calendar which I'm not necessarily saying um is you but folks, what a day we have ahead of us. So yesterday Jerome Pal, daddy pal, the money printer goes Burr type of a dude was speaking with Senate and he said hey, we expect more rate hikes and expect a higher Peak and the market was like oh wow we thought you were bluffing about that even though here in the Goonie Community The Moon Gang we've been prepping for it. Get on the newsletter.

you can see all the call Premium we've been selling. we've been making money. It's been easy peasy lemon squeezies but the big players in the market were thinking no, no no no no we're going to be good. We're gonna be good and I think a lot of us were like I don't think we're going to be good but anyway, uh, he kicked the market in the nuts yesterday and it dropped, drop dropped and as I fully articulated in the newsletter, the fun is not gonna stop yesterday wasn't it? Because once again Jerome Pal will be speaking with the house.

The other part of Congress today. Once again, 10 A.m ET If you're watching this right now, live especially. hey I'm good morning I Hope you're having a fantastic morning. In fact I Hope you're having some good espresso with you right now.

That's what. I'm crushing myself. Um, but we're going to be streaming that. that's in right around an hour.

It will be a separate stream just because some people want to listen to exclusively the testimony. So we did this yesterday. But if you're watching on Rumble if you're watching on YouTube We're going to be doing this till about like 9 45 9, 50. we're going to cut the stream and do another one.

just so when people want to exclusively re-watch that testimony, um, it's easy for them to track a post-ap thing to like, skip it. So um, I just want everyone to know what's what's going on there. But anyway, it's gonna be fun. Uh, other than that, yes, that's the big thing of the day.

but we got a ADP employment report this morning. Uh, we're gonna get a Jolts report at 10 A.M So 10 a.m is kind of weird because that's when we're gonna hear from Pal. But also, we're going to get the Jolts Job Openings report and we already got an ADP report this morning. Came in higher than expected I Want to talk a little bit about some individual companies we see Tesla going down because there's now an investigation I believe into the model y hi I want to talk a little bit about Adidas not looking so good and then there's just a couple other things here and there such as like seasonality and other things that I think could better prep is for the day and I'll throw this one on you guys.

but I don't quite know like should we be taking a Victory lap on Trka I feel weird? um I feel good because I got it right I feel like I warned a lot of you but I also feel weird because I know people didn't heed my warning and did not use trailing stop loss and did not actively trade it and are now like losing a lot of money on Trka Trka if you're in this stream right now to talk about it. we've been talking about it now for the past week or so and I was like hey, it could totally go but eventually this will come down and it'll come down in a more brutal fashion. Then it went up and if you shorted it, you're stoked because you just made a lot of money. Trka just got blown the F up it is absolutely destroyed and I've been trying to be clear about that.

I mean people were trying to argue with me about how it like was a fundamentally sound company and we should all be involved in. no, it isn't It was. It was absolute. It was a pump and dump.

and you can make money off of pump and dumps. I'm not inherently against the concept of people playing pump and dumps. If that's your style of play, that's your style of play and you can make a lot of money if you know what you're doing. What I am against is people lying telling you that this has to go higher and it's a great fundamental play and you should just buy and buy and buy.

If you haven't been learning lessons over the past year or two of what's going on in the retail community, when things come down, they come down hard. This all ties back to the old adage of if it seems too good to be true, it probably is. If people are trying to sell this concept of like, oh, it's such easy money, this is going to make you rich overnight. They're all absolutely full of it.

They're charlatans. They're selling you snake oil. I Don't know how to be more clear about it. Yes, you can make money.

Can Trka come back? It can come back, but we're in the game of odds of what is a likely outcome here. Could Trka bounce back? Yes. If you're holding Trk right now as a bag holder I Truly feel for you and I don't want to say there's absolutely no chance of it coming back because it could maybe one day it will become a legitimate company. That's possible.

Maybe there's going to be another round of squeezing. That's also totally possible. But if we're looking at it in just terms of is it likely at all? No. I'm not saying that the chances are zero, but I'm saying they're pretty freaking close to zero.

This is another one added to the list. I Mean now we're just building this list of things that people have been arguing are great companies and we should all be yoloing our money into it. and in reality they're just getting crushed. I Mean what do we have? we have GTI We have clove, we have Bbig we have Mullen We have Gns, we have Trka we have HKD Are you seeing a pattern here? An absolute pattern here of people coming in telling you it's great, It's great.

It's great. Throw your money into it. it's going to be awesome. and in reality they go up.

and the people who are telling you to get into it, they sell into you, they're making their money, they're using you as exit liquidity and then it gets absolutely destroyed. And Trk was so obvious we talked about this literally yesterday. Fundamentally trash, absolute trash. People were trying to argue that the Catalyst for Trka was the fact that the Gns CEO tweeted about it.

and somehow that means that the company is now what 25 more valuable they're I Don't know what's worse. either they're so stupid or they're Liars So obviously if they're dumb, they're dumb and you can't hate them for that. Like sometimes people just don't hit the genetic Lottery like they just might not be intelligent. but what if they are smart enough to understand the scenario and there's just honestly that immoral about it? I Don't know what's worse I mean obviously feel free to like, share your opinions on it.

but trk I feel for you if you're caught holding the bags. Take this lesson and move on with it. I Very much pray that you didn't bet so much that this is like financially destructive to your life. But take it as a lesson even if you lose one dollar.

This is the lesson going forward of use your trailing stop loss. If you want to play pump and dumps, go for it. like I'm not inherently against it I'm degenerate myself. Those aren't my type of degenerate plays, but you can make money.

You totally can. But don't trick yourself into thinking that this is somehow you're switching a short-term day trade swing trade play into like, uh, an investment in a company. As soon as you start switching your thesis mid play, you probably know something's going a little bit awry and this isn't going to be the last of it. I Don't know when the next One's Gonna Come Probably in the next day.

Next week. Next month, it's going to probably be soon, but there's going to be another hype cycle Play that. I Just hope we all learn a little bit from this current debacle and we are better positioned to either avoid the upcoming one or play it in a more Duke manner where you can actually make money off of it so we can watch Trka throughout the day if you guys want. but it's a like it's a crime scene.

it's an absolute crime scene. If you have seen Trk stock, I mean I could bring it up for you right now before we get into a quick breakdown of the overall. Market But Trka, There's blood everywhere. There's blood everywhere.

You guys see the bear on the screen right now. it's as if this bear ran into a village and just ripped the faces off of people and killed everyone in the said Village It's brutal. Uh, down 26 yesterday, down another 39. it.

Look at this, it is down 65 66 From the peak yesterday to the current value. Brutal. Brutal. Brutal.

Brutal. Um, the main way. and like you've probably heard me say this is: I Know the party's over when there's the first major red day. I Would argue that this was clearly the first major red day.

You're going to see this type of pattern all the time in Penny Stockland especially in OTC Penny Stockland I Know this is an OTC Trk trades on the NASDAQ but I'm just saying in general like you really see it there. But in Penny Stockland in general when you get these rip situations, look for that first major red day that commonly is like the first serious warning shot that it's done so and I would assume what's going to happen here is and I get it. The short interest is extraordinarily High I bet it goes even higher and I think this thing is going to get crushed. There's too many people who are going to be leaving the ship now.

everyone is gonna be leaving to get the hell out of this play because they're going to be trying to keep the little bit of money that they might still be up. But anyone who got in this from now Monday February 27th all the way up until this moment, these people are all underwater. Maybe if you got in on Friday the 24th you still might be good and the time before that. But anyone from Monday 20 February 27th until this moment is now thinking oh man, I up, how do I get out? That's the thought process and people.

and I get it. you might be on things like Reddit You might be on things like Twitter and you might be hearing a little bit of an echo chamber um type of rhetoric of like no, we gotta hold, We gotta hold, We gotta hold. Understand that that's a small minority and most people are going to be driven by the fear of the situation and they're gonna see maybe they're very nice gains. go to break even or even worse going to the red and people are going to panic.

This is what you saw yesterday when you see these big volume big drop type of days that is a human psychology thing you are seeing massive massive Panic people woke up and they thought they were on the top of the world and they were. It was almost trading at a dollar. They were up a lot of money and then all of a sudden all it did was sell and sell and sell. and now a day two.

three days later, it's just pure panic. People are going to be hitting the eject Button as fast as they can. and yeah, you're gonna have that small minute group telling you that they're holding and they're just gonna buy this dip and I hope it works for them I Don't want them to lose money I Don't particularly care about this play because I I've not been long I don't I haven't been short I don't have calls around puts I I have not touched it I have no skin in the game but I want to talk about it because inherently even if I if you don't believe the fact that I care about you guys and I love you guys at the goonic community I mean why wouldn't I it's you folks watching right now that are the reason that I get to have an awesome life and get to hang out with the coolest people and learn and talk and just share share Thoughts with all of you awesome people even if you don't buy that from the most greedy capitalistic. Viewpoint I Need you guys to survive in the market if you don't believe that I Love you guys all and I just care about my audience to like more than I could possibly articulate if you don't believe that and it is true but I understand you might be like hey man, that's full of I've never met you, why do you? Why would you care about me I Get that.

Maybe you don't believe it, but if we just think about this as like from a business model standpoint, if you guys blow up, that means you hate the market. If you hate the market, you don't watch my content anymore. If you don't watch my content anymore I don't get views if I don't get views I don't get ads if I don't get ad deals I don't get money if I don't get money I can't pay for my life and continue to continue to make the content that I do so even from just like a logical standpoint, I'm not gonna lie to you about this I'm obviously going to tell you how I truly truly truly believe because I want you to be successful. It doesn't make sense that I would stand here and spout things that are opposite of what I truly believe because I need you guys to make more money because if you make more money then you get stoked.

If you get stoked, you come back if you come back I get more views if I get more views I grow faster if I grow faster I get better ideas if I get better ad deals I make more money if I make more money I could do even cooler. So let's think about it. even if you don't think just like on a human moral perspective like I truly care about you just from a business perspective I'm not gonna lie to you about this I might be wrong I'm never ever gonna say that I'm always 100 right. but I promise you I'm going to always tell you what I truly truly believe and Trka was another clear sign of a pump and dump and I get it.

Reddit Twitter Youtube there's people popping off telling you that like this is great, you should be in it and now the fat lady is singing and like people just got screwed like and then this should be a good lesson of like the people who were telling you that this was amazing. like do they deserve to be followed anymore? Uh, Trk Crash so damn fast. Why didn't you warn us this was a possibility Butt stuffer that is hilarious. All right.

Very quickly on the overall. Market Just to get everyone uh, prepped for the day, stock futures are flat following a sell-off fueled by Pals comments. His comments were along the lines of more rate hikes higher Peak more Faster Better Faster stronger kind of like a Kanye West type of a Vibe Uh, and that's his views on rate hikes. Obviously that's pretty hawkish.

and if you're pretty hawkish when fighting inflation, there is a bearish side effect of putting downward pressure on the old equities market. and that's exactly what we saw as of now. In pre-market we're pretty much flat, slightly green, but the Dow, the S, P, and NASDAQ are all centrally flat oil coming down a little bit to 76 a barrel. I think yesterday was at 78.79 so a little bit of a breather right there if you guys are not signed up I believe it is pinned to the top of chat.

If you're watching this right now, sign up for this newsletter. It is free. This is a breakdown of what happened in the market: Bull trap confirmed I was talking about the dollar breaking out I was giving you guys my targets for the Spy I let you know this all comes out the day before. So I write this every single trading day and it's basically for the next trading day.

So this came out last night and I'm letting you guys know. Okay, like these are all the major events ADP was reported this morning. Uh, came in higher than expected trade balance. We get the job openings at 10 obviously Jerome Powell will be speaking with the house at 10.

I give you the seasonality for the next day and obviously this was written yesterday so this is the seasonality for today clearly bearish. Uh, I'll let you know what's going on with my account. Uh, yesterday I was able to lock in a Tesla call Credit spread for 105. This was started as a 10K account.

There's some other things going on there, but I'm basically just letting you know about the realized P L because at the end of the day, that's truly what matters. So thus far in the year locked in through 674 dollars I let you know about the new positions. yesterday I did a Nvidia call Credit spread. Uh, my reasoning is all here.

but to best summarize that Nvidia was showing a lot of strength in the morning when the spy and the queues were getting hit. I thought that was abnormal. So I sold a call Credit spread against Nvidia and that's already printing and I let you know my target, the chance of profitability uh, all my current positions and then just like my wrap-up Thoughts with some new targets and everything. But once again, this is the newsletter that I started a couple days ago.

Obviously this is only the fifth newsletter so it's very much a work in progress and if you have any thoughts, suggestions of how to improve it, the type of information you want. But my concept is for people who don't have the time to watch multi- hours of streams and videos. I Wanted a quick sub five sub 10 minute read that preps you up for the next trading day, a quick rundown of what happened that trading day, and then a quick prep for the next trading day. So the idea of this is what's going on for day Traders swing Traders and all the useful information and obviously I'm making it free so it's been to the top chat it is in the description of the video.

Why didn't you warn us about Trka? I'm sorry about that I I Wish I did. Um, so in terms of individual companies, we still have some things going down this week. Uh, I just want to show you the earnings right here. You could go at E-whispers This is kind of it.

This is going to be the final earnings really? The final major earnings week of Q4 of 2022.. So after this, there's going to be a little bit of a break for about a couple weeks and then we're going to kick up with another earnings season. With all that being said, uh, the main thing I've been paying attention to is trying to get an idea of the strength of the consumer, the strength of retail. Like what's going on, Are people feeling the financial pinch? or are they still spending and now we're getting some updates from this.

This one is a little bit more tied to Kanye Not really the strength of retail, but I figured we should cover it nonetheless. Adidas Warns of the first annual loss in three decades and cuts dividend after Kanye split the German Sportswear Giant posted a fourth quarter operating loss of 724 million Euros and the net loss from continuing operations of 482 million. Euros So indeed is getting absolutely destroyed on the financial front after its very public breakup with Kanye because Kanye said some things that pissed off a lot of people: Adidas scrapped its highly lucrative partnership with rapper and fashion designer Yay, formerly known as Kanye West the face of Yeezy in October after he made a series of anti-Semitic comments um, obviously having a very real world business implications Elon Musk apologizes after calling disabled Twitter employee who was laid off the worst. um, so someone was asking if they're going to get money and then he said you're not doing anything and it's now just getting awkward and like, obviously this headline's not helping it at all that he was um, calling a disabled Twitter employee who was laid off the worst um I like in a weird way I like I think we should be able to look at our employees if they're disabled or not disabled like I Don't know if that should come into account like the same way when people like to bring race in for almost no reason, it seems like you're bringing ableism in for no reason like you could be a good or bad employee.

Uh, regardless of if you're disabled, it's like I just think it's odd of how um, this is like in my opinion like a little baiting. but if you want to know more about this, it's the newest thing on. Twitter right now go to Elon's responses and his like tweet replies and you could kind of see his fight with someone who he said didn't absolutely nothing and didn't deserve money. But anyway I know some of you love them I know some of you hate them.

That's up to you. like I'm not here to tell you what you should think of a person morally or not more here to talk about the money aspects of it all right now in terms of macroeconomic reports: mortgage demand recovers slightly despite Rising interest rates. So yeah, it's up a little bit it Rose 7.4 but right now the real estate sector, it's still. If you zoom out, it's still under a lot A lot of pressure as the Federal fund rate increases, which we're gonna find out the next rate like on Wednesday March 22nd.

So make sure you mark your calendar, they're most likely going to be increasing it Well as of yesterday I Was going to tell you 25 bips, but now it might actually be 50 bips as the Federal fund rate goes up, it has a trickle-down effect to increasing interest payments on your mortgage. It impacts your credit card. uh, interest payments. It actually impacts your saving accounts.

It impacts your student loans. If you have federal student loans. This, the FED fund rate kind of sets the overall tone for many of the interest rate. uh, payment and interest bearing assets.

or I guess whatever it is in our like in our life, especially here in the US. So that's why it's so important and one of the major ones is mortgage. So as the FED fund rate goes up, interest payments and mortgages are going to continue to go up. And I mean not long ago, people were getting clocked in at like above seven percent.

But if you rewind a year, a year and a half, people were getting in at three. So it shows you that there's a very real world implications from basically the decisions of this group of Fed members that are unelected and it blows my mind. And apparently, uh, the big newest thing is a lot of these politicians. at least that we heard from the Senate yesterday.

they seem to care more about uh I guess racial diversity within the FED rather than like getting into like the very specifics of their decisions. I mean yesterday, it was weird. they try to make it hyper political for no reason. Uh, they tried like three of the people use their time to yell at Chairman Powell that they should have more racial diversity and whatever.

If you want more diversity I Care much more about just getting the best people for the job I Don't really care about your gender, race religion Creed I Don't care about that I Want the best people doing the job because it impacts everyone across the entire board I I don't care no I want literally the top tier Talent that's the main thing I care about I don't care. They could be a Martian like that's all like it doesn't matter to me. Um, they use their time for that and then like at one point we had Elizabeth Warren trying to personally blame Jerome Powell for like seemingly all the jobs that could be lost if like we still like are unsuccessful in fighting inflation or if we we overdo it in the fight against inflation. It just got really weird.

It was like super super weird. But fortunately for us it will be continuing today. Um, so 10 a.m today Jerome Powell will be testifying to the house and also simultaneously at that time where you're gonna get the job openings report pretty important and then the beige book. Um, this is like a qualitative review of the economy that comes out at 2 p.m Um, so everyone buckle your butts up Fed Chair pal says interest rates are likely to be higher than previously anticipated.

This right here. likely to be higher. More rate hikes and a higher Peak That's exactly why the market got so rocked yesterday. That's Tesla Just being a big company like that's going to get rocked.

But on top of that, it came out that they are now some U.S Regulatory agency is going to be looking into I Believe the model Y Trk that's getting destroyed because it was a pump and dump. doesn't really have much to do with the overall. Market You have the cues actually holding up a little bit better. The Spy drop 1.5 percent that you you drop 1.2 percent and the small cap sector dropped 1.16 Apple Like everything's a little down, you know what's actually up though is Rumble ticker symbol r-u-m Shout out to everyone watching from Rumble right now.

um I Just want everyone to kind of know that uh, there's been big news on Rumble Um, maybe you guys do know, maybe you don't but one of the largest political I think the largest political commentator Stephen Crowder is now officially a partner with Rumble I Believe his group referred to as mug Club is now exclusively with Rumble or it's going to be supported by Rumble partner with Rumble I Don't remember what the exact particular verbiage is, but the announcement came out yesterday Stephen Crowder Was in the Rumble office and he did an interview with Russell Brand and then he was on some other podcast. But Huge news. Definitely huge news within the world of the political commentating space. and uh, obviously I'm a little biased because I own Rumble stock I'm a Rumble partner I'm streaming on Rumble right now.

So if you're looking for me to have unbiased reviews about Rumble uh, I'm just not the right guy because I'm a creator on their platform I'm a partner with Rumble I'm now friends with the team and I just inherently want them to be successful and my own money's on the line I own stock So if you're looking for me for unbiased reviews, I mean I love Rumble but I think it's pretty easy why I love Rumble I mean why would I not? they have been the platform where I'm like now the number one Finance Creator on all of Rumble like I love it I absolutely love it. But anyway, I miss I'm taking this to be absolutely phenomenal news and I would love to see Rumble continue to rip even though the market is getting hit. For those of you who might be curious about the next, like Financial update from Rumble we are going to find out on Thursday March 30th. Whatever that Thursday is actually, what is it? Uh yeah.

Thursday March 30th So one two in three weeks. Three weeks in a day. Three weeks and a day. But anyway, that's obviously a couple weeks out.

The big news of today is going to be the job Openings Report at 10 A.M and also what Powell says to the Congressional House committee. Um, as of now, there's been big big statistical changes in the likelihood of the next rate hike. So a couple days ago on Monday evening there was a 70 chance of a 25 Bips rate hike. That's this guy.

and as you can see now, there's only 25 chance of it. And in fact, now there's a 75 Bips or a 75 chance of a 50 Bibs rate hike. We will find out the like, what they actually decide to do on Wednesday March 22nd. But I do want to let you know that this is not etched in stone? Uh, these odds right now are based on the current information and there's a lot of information to come out between this moment and the actual decision.

For example, Powell will be speaking to the house today 10 A.m ET I will be streaming it it's own separate Stream So If you're watching this right now, make sure you're checking that out. We get the CPI report. We're going to get the unemployment report Friday We get the CPI aka the inflation report Tuesday of next week and I believe we also get the Pce report. We get retail sales.

There's going to be a lot of information and a lot of data sets that they're going to have to take in and make their decision on. and whether they're beating or missing, hot or cold that can very much have an influence on the likelihood of getting 25 bips or 50 bips. But at this moment in time we're going to get a rate hike. It's just more a question of what is the size of it going to be.

Five things to know before that: Bell goes dangy ding ding ding today Wednesday March 8th Before we get into this very quickly, if you haven't already, it would help me out immensely. If you guys could hit that like button and do not forget to subscribe. Liking helps out with the algorithm on YouTube and helps out with the battle leaderboard over on Rumble I Know it's annoying to remind you, but it really does help me. Gets this video in front of more and more people and obviously we're trying to grow the goonie.

Community Speaking of which, if you're not a goonie yet, all you have to do is hit that subscribe button and at this point in time I'll direct you to like what's right above my head um, pinned to the top of chat in the description of the video, that free newsletter, All of my trades, my winning trades, my losing trades, the statistical analysis of the likelihood for the next trading day, all the important macroeconomic events, and then my targets for what I'm looking for in terms of the short term of like oh, I'm looking for stock XYZ to hit go up to this price, go down to that price all 100 completely free pinned to the top of chat in the description of the video. Shout out to locals for sponsoring that newsletter or making it possible. Pal brings the pain. We've already spoken extensively about that Biden Targets Tick Tock We're going to talk about this: Biden going against Tick Tock um after the Market opens, we're gonna wait those first 10 15 20 minutes I just really want to watch the market open with all of you more headaches for Fox So apparently Tucker Carlson said like um we had some I guess texts that were leaked and I guess he was saying how he absolutely hates Trump um so weird things going on and this is all coming out now after Tucker got video of the January 16th it's just becoming really really really messy.

uh Buffett makes a bigger bet on oil uh this is music to my ears. So I've been not the most happy with my Occidental position. So I am bullish on oil and the way I chose to get exposure to that was buying Oxy Oxy I am long on oxym and part of the reason was because Warren Buffett was in it and you never know if he's gonna buy more or if he's going to sell and in either way that could either help you or that could hurt you and uh, it comes out that just dropping last night early this morning that he is buying more. Warren Buffett Can't Get Enough Occidental Petroleum ticker symbol oxy.

The billionaires Nebraska-based conglomerate snapped up 5.8 million shares in the oil giant over the course of Friday Monday and Tuesday the purchases uh brought Berkshire stake to 200 million shares or about 12 billion dollars. Uh, I'm still long on it I will let you know when I get out but I am still long. Big twist in the Nordstrom story. Uh, once again this is going to get pretty political, but apparently a pro UK group is who blew up Nordstrom So everyone was pointing the finger at Rush.

I'm like you did it, You did it, You did it and now it's all kind of coming out that it was pro-ukraine and some people not me, but some people are actually taking it a step further and saying probably the U.S did it? Um, so pay attention to this story because it could clearly have some political ramifications. Now with all that being said, let's get ready for the day. Let's get ready for the day. All right.

I'll put Trka over over here. Trka Dingety ding ding ding. The casino is open. Best of luck to all.

Play responsibly, if not, have fun. All right while we're waiting for the market to open up. I Need to switch this out so Trka completely utterly screwed. Um, and why do I not have this ready? All right? I'm gonna comment.

something fresh, all right folks. If you're not on Street Beat, get on Street Beat. It is a Not. Wait, what is going on? We're having some tech issues over here.

we're talking about Tech issues All right here. Uh, free a minimum of five dollars if you use the code Matt but you could get all the way up to 5 000. I Just commented it. I'm pinning it to the top of chat.

It's in the description of the video, but if you want a free five dollars potentially all the way up to five thousand, get On Street Beat. It is a non-payment for order flow brokerage. On top of it, you also have the option to get their trading robots where it buys and sells for you. I myself have already put ten thousand dollars into it and I'm probably within the next couple weeks gonna put a couple more thousand into it.

I Just like it. I Really like it. Uh, I mean I'm such a massive fan of systematic robotic trading. Um, their proof is in the pudding.

Their strategies? maybe not every single individual day, week, or month, but if you extrapolate it out over enough time, they have some pretty solid stuff going on and uh, I think it's worthwhile for everyone to check out. And just for checking it out, you're gonna get a free five to five thousand pinned to the top chat In the description of the video, shout out to Street Beat for sponsoring today's stream. andrew280 hi, hey, what's going on? Andrew Let's go Rum. Yep, we have rum right here, one of the few green ones and then obviously Oxy is going to be up just with the warm, buff and stuff.

Unfortunately, with me and Oxy, my fill is around 67.68 So I still have some distance to go to. The upside: Don't forget that this bullishness right now right here what we're seeing. It's kind of what we saw yesterday. I Don't know how today's gonna play out, but I just want to remind you yesterday before the sell-off we actually did push a little bit.

um I just like we did have some green and then at 10 is when it fell and that's probably a good reason or part of the reason why. I Really just don't like doing anything this early in the morning. It's one thing to lock in gains, but to create a new position I Just don't think it's that useful in all reality. I Really don't I Think it's just time to wait to see how things play out.

I Mean there's a lot of high volatility in the when the Market opens. there's a lot of liquidity churn. so I think sometimes it like gives a lot of false signals if you will. So for me, uh, those first 10 15, 20, 30 minutes I Like to just sit down, sit back, pay attention to how everything is or isn't going and just watch it really truly all play out all right.

What's Tesla doing I want I need Tesla to go down I have I've been in those 175 Tesla puts for way too long and I at this point I would just love to get out for break even like I they're gonna cost me a lot of money I haven't really been um I don't I haven't put in putting that in the newsletter because that's on the thinkorswim account and also it's not premium selling. It was a directional bed I have Tesla puts my two directional bets right now are Tesla puts and QQQ puts uh QQQ March 17th strike price 288 Tesla puts March 17th strike price 175. they I'm down thousands of dollars on them as of yesterday and I'm actually afraid to look get my account right now. but I if they keep coming down I might get lucky if Tesla breaks 180 today I should.

Should I look at it? um should I look at it with all of you see what we're at I'm a little oh I'm down 2.3 K that's brutal. um on the cues I'm down 1.5 K and on Tesla I'm down 845 so down 2.3 K in total getting screwed on that actually I thought Tesla was going to be worse than the cues, but no I'm getting my ass handed to me by the cues. Maybe I'll get lucky. Um, the queues are trading at 297.

Okay, no, probably not going to get lucky. I Need I need the cues to drop like five buckaroos today. Five buckaroos. But it is what it is.

We'll see how it all plays out. We'll see how it all plays out. Um I Haven't asked you guys yet. but I need to because you are my financial advisors.

Please comment. Um, what's what's gonna happen today? Are you expecting Chop? Are you expecting a green bullish pump? Or you expecting a red bearish bloodbath? Uh, where are you guys at? What are you using a PC to trade when using tradestation? Do you use the web platform or desktop? I have a PC not a Mac If you have a Mac you could use parallels. Uh, but I use a PC and I use their actual app, not their web Trader because that's how you have to run the algo. Trading Red Red red I'm seeing a lot of red in here.

A lot of red. I Guess I could put it to a vote. Hang on. let me start a poll.

Uh startup poll s today. Uh green Red Chop All right I threw up the pole, threw up the poll. We did it. We did it.

We did it. We did it. Tesla Getting destroyed right now that is um I I am actually bullish on Tesla in the long term so it like it might sound a little weird but I very much need this to come down and that's just because I have those March 17th puts that would. it was a stupid play that the market Gods above gave me two different opportunities to get out at one point I think like just completely different days I could have got out and I was being greedy I was being stupid and it's my fault it's a bad play I well it was a good play but I was too stupid to not get out on the two opportunities I should have got out and the same thing with the NASDAQ I mean the two plays that are costing me serious money right now.

it's all 100 my fault it wasn't bad plays they did I just got too greedy, my discipline wasn't there, my trading plan wasn't there and I like it was my fault. my fault, my fault, my fault. Fortunately though, I am dude trk getting absolutely murked um meta I might get lucky here. remember I now have an I was just selling call Credit spreads against met at 190 and it came all the way up to 190 so I was sweating there so I transformed that spread into an iron Condor so I sold 190 but uh the call and I also sold a 170 put to protect myself and this is coming back a little bit into like a reasonable situation coin I need coin below 72 Uh, it was getting a little close there but with Silvergate blowing up and if you don't know anything about Silvergate, I Highly recommend watching the two interviews with Mark Cohotis, who has been a big short against Silvergate saying that he thinks it's completely like fraudulent and up and fictitious.

So I think when that really blows up, it's going to bring Crypto down I'm not against Bitcoin I'm not against the theorem I Just think in the short term there's going to be a hit. and if there's a hit to crypto, it's probably going to be a short-term hit to coin. That's why I Sold 72 dollar strike calls Um, so that one's working out. We went over meta.

Um, the Spy I need below 409. Uh, the Spy is obviously at 398 so that's working well. The cues in terms of the calls I Sold I needed below 313. That's working out well Walmart I need it below 145.

that's clearly working out. This one was such an easy play. A crazy easy play when insiders sell 1.8 billion dollars worth of their own stock in one week. That should be signaling to everyone in the world that why are you long on it in the short term Insiders Sold 1.8 billion dollars worth of Walmart stock.

If that doesn't tell you like the direction of where the Stock's about to go like I don't know what will I don't know what will at all. Um, all right we have Walmart wasn't there. Oh, Nvidia was my new one. Uh, that was the new Play From Yesterday Uh, Nvidia was representing a lot of strength when the spy and the queues were getting hit yesterday.

A lot of strength when this behind the cues were getting hit. So I just thought it was a classic like mean reversion I think the car got in front of the horse and that was an easy play. But once again, this is all fully explained in the newsletter pinned to the top of chat in the description of the video. All 100 free.

Um, if you're not signed up for the newsletter, uh, just understand that you're part of the reason why I cry in the shower I Just want that specifically stated and on the official record Adidas Getting destroyed I Mean they just we knew that they were going to lose a lot because of the financial legal Fallout with Kanye but he represented quite a portion of their business in the last fiscal quarter. So will it recover? Probably it will. But like in the short term, obviously there's like considerable downward pressure. The Spy hit the downside gaffle yesterday.

It certainly did. Uh, that's a great call out right here. There was a downside Gap filled to 398.69 Obviously, it hit it. My next Target is actually going to be uh, right.

I mean there could be a little bit of a pause I wouldn't be so surprised at 397. So intraday that's what I would be watching. but from a daily perspective I'm actually watching 395 in some change. So uh, short-term Target is if we break below yesterday's low which is 397.63 I'm looking for that test of 397 flat.

Um, it's a technical support level that the markets bounce off of before. so watch for the snap of yesterday 397.63 but then watch for how the market really reacts to 397 flat. I'm fully expecting today to be volatile because we get that jolts report the job openings report at 10 A.M So that's in 20 minutes and then pal will be speaking with Congress this time the house also happening in 20 minutes I miss messages uh um, thank you Matt and chat and mods. Love it here.

Shout out Nick I've been here for a lot longer than 11 months as you know, but showing my unconditional love for you even though you think you can fight me. Uh, shout out Seth I appreciate that. uh per I appreciate it Matt Scale of one to ten How easy is automated training on tradestation? Um, it depends if you have a coding background because I have a coding background and even with that it wasn't the Ed like it's I'm not gonna lie to you like I it takes time like you're not gonna be like hey, I've never coded before and I've never learned about systematic trading before and then all of a sudden have it going in one gay day. I mean the the difficulty a nine a 9.5 It's not easy, but it's worth it.

Um, it's one of these things where you put in a lot of upfront work and then if the strategy is still solid, it just makes your money, makes your money, makes your money. Um I Don't want people to think that it's easy. The easiest way to get involved with automated trading very honestly is Street Beat. They already have the algorithms, you put your money in it, and then they do the buying.

They do the selling. If you want to get involved in automated trading, that is the easiest thing you could possibly do and you actually get paid to do it because they're giving everyone a bonus when you sign up. if you use the code map, that's very important if you want the money when you sign up for Street Beat. if you sign up and forgot to use the code mat I highly recommend that you DM me on Instagram or on Twitter or email me and I could help you out but the sooner the better, it's just easier to fix it.

Um, but to do your own algorithmic trading it's totally possible and I'm more than help happy to teach you what I know about it until I kind of help you but I don't want you to think that like you could just simply do it in one day. How did you get started coding though? I studied it in college so my degree was computer science and then um I always like markets I always like math and so I was naturally attracted to computer science in college. So I got a Bachelor's degree in computer science and then I worked as a coder for like three years before I started doing content. So like seven years of coding experience.

Um, how long do you have to keep your money in street before they give you the bonus? Uh, one day your bonus should be there after one day if you put in the code mat. One day one day Matt is a nerd. you're a nerd. I don't I Don't know what the difference between nerd or geek is, but I assume I'm one of them.

How much is street beat? It's free, It's free to use it. The if you're using their trading algorithms, um, it's going to be three dollars a month. Um, to that's the access to the algorithm and depending on your plan, there's either a point to like a 0.2 or a 0.15 percent. So like very very small uh, management fee.

but like I mean point two percent like 0.2 So small fee if you use it. but if you're just using it as a brokerage, nothing like it's no commissions, no payment for order flow. Um so it depends on like how you do it. uh hey.

Matt Any idea when Streepy will add options trading? Bernie I Asked them myself and it is on the road map but they don't have a particular date. There are certain legal and like regulatory hurdles that they have to overcome. I can tell you it's on the roadmap. same thing with a web app and they actually have a lot of cool things planned.

A lot of cool things. Um, it just takes time like you have. It's a lot of legal fees. It's a lot of talking with Regulators it's a lot of like crossing your T's dotting your eyes type of stuff.

It is on the roadmap but they don't have a plan. um like or I should say an exact date. They do have a plan, it's in their plan. um and they have a lot of other cool stuff coming.

I've had the opportunity to actually speak with the CEO of the company Street Beat Small and that's what's so cool is we're actually the first community that they're partnered with. Street Beat has not partnered with any other community because uh, from what I'm hearing in the background, they were watching all these different groups. They've watched a bunch of different Finance content creators, a bunch of streams, and after all those internally, they had to discuss and they just loved what was going on here. They liked that we were already talking about algorithmic trading, but I think what really pushed them over the edge was just like how funny They found chat to be like as a company.

they were cracking up at chat. Um, so that's why they wanted to partner with us. I'm assuming in the future? Um, because you guys are rocking it. Your numbers have been awesome.

If you're not signed up for street beat, do it. But they're going to probably expand in the future. But they wanted to start with us. how long is the promotion for? Um I don't know definitively for the remainder of the month.

but I I don't know I think it'll be a match that goes on for a while? Um, good job Chat Matt Rumble Chat. Uh, actually I'm East I'm actually just specifically you All right. How did you guys vote? 51 of you Said red Today you guys were close. Oh I just made money.

You were buy order for five contracts and Tesla has been filled at 15 cents. Money Money Money money money money. Uh, the premium locked in I think we got a nice like 50 60 gain on that. Where's the if you guys? Oh you probably didn't hear it but my Weeble just made a ding sound.

Um, hang on. I'll show it to you. Uh, orders orders filled, orders filled Tesla Tesla Tesla Tesla Right here. Uh, order staff This one this bad boy.

Uh, let me show it to you. We made some money. Uh, this one locked in right here. Tesla the 220 by 222 premium spread.

Um, what was that filled at Once again it was on the newsletter and all. Update: but it just got filled at 15 cents. I think it was sold for like 30 or 40 or 50. so over 50 gain.

Uh, where was does it tell me? I Don't know, but this is the one that just filled right here. Highlighted: Uh so money. where's our money Song: Easy Peasy Lemon Squeezies. That game could have easily been yours if you were on the newsletter if you were on the newsletter.

Wall Street Wall Street Wall Street Wall Street Wall Street Wall Street Got their eyes on me Wall Street Easy Peasy Lemon Squeezies. So let me actually check which one that was at uh Trk or no, not Trk I Just threw that back up because it's dying. Uh Tesla Tesla Tesla Tesla Um, we got in at 37 cents each. just I sold it at 37.

just bought it back at Uh 15 which was a gain of 22 cents. Which is like what 60 70 percent? What a gain wouldn't? What a way to start the day. Uh, your volume is low and your song was super loud. Uh oh my bad.

my bad. apologies. Maybe if it's too loud, you're too old. Have you ever thought about that? King Kyle I Got muted.

My bad, you're not too old I Don't mean to call you old. We're not ageists in here. I Just got defensive because I couldn't accept blame for my own personal misstep. You know anyone else do that? Anyone else in here irrationally pop off when you shouldn't.

Just because you can't accept blame for your own mistake. It's easier to deflect. Maybe it's just me who knows. All right.

Well, with all that being said, here's this all right. Uh, I Just posted you the link. We're gonna kill this stream right now. Um, because the FED is about to start talking at 10 A.M Um, so I just need a couple minutes to spin up the next stream.

I Just sent you the link on YouTube on Rumble The Link's not created yet, so just check back on the channel in like two or three minutes. I will be streaming again. Just give me a couple minutes to get rocking. Um, but just go over there, go over to the next stream.

uh and I'll catch you guys in a couple minutes. Peace out, Thank you.