What up what up? What up welcome to the dumb money show spectacular for today, wednesday may? What is it the 18th? It's the 18th hey happy wednesday! May the 18th lots of movement in pre-market this morning when we concluded yesterday in the really what the last third of the day yesterday things were. Green things were bullish and we've kind of seen this before remember powell, the chairman of the fed started speaking at two and like we saw with the fomc meeting, there was a rip in the close and then with the fomc meeting. The very next thing that happened was it was all given back. Well, look at what's going on in pre-market right now.

Yesterday we saw a run into close, and now the market is getting, its teeth kicked in on top of it. If you believe in the kramer indicator, which i do as in the inverse indicator uh his video last night was all about hey we're gon na rally on wednesday, so that is pretty much sealing the deal on the fact that we will be going down today. Um. We have a lot to talk about.

I really want to dive into some of the big picture stuff, but then i have some interesting side stories for you related to um some fraud that the sec just caught a little bit about some ufos a little bit about target amc. Just we know it now. Has a new company that has an equity ownership in uh later on after the market opens and things settle down. I have some interesting crypto stories i want to get into so it's going to be a fun day.

It looks like there's gon na, be a lot of volatility in the market. Uh we are gon na go back. The account is now flat the one that we've all actually, oh today's a big big day uh. We actually have two accounts.

We can now trade the money hit. The account for the new 10k challenge account, so we can trade options and on top of that, the futures account is now flat. So we can go back to doing like the market, open, yellow type of stuff. So uh lots of trades going on today lots of lots of trades going on today.

I'm excited uh and then also i'm gon na have an update for you about crypto cores, but before we get into all of that, shout out to today's sponsor attendees attendees free options, flow free social sentiment, analysis, free breakdown of what's going on in the subreddit wall Street beds, it is completely free, free free. You don't need to pay anything, no credit card, nothing like that. It's pinned to the top of chat. It's in the description of the video shout out to attendees for sponsoring the stream, as they always do, but this time around they're going one step beyond.

I announced this yesterday. Unfortunately, the crypto course channel got taken down by youtube for no good reason and it has yet to be reinstated. Attendees, and it's going to be all up to you, guys of whether you want one person to get 500 or five people to get a hundred dollars. They have upped this particular sponsorship even more and saying hey, let's get everyone to tweet out hashtag free crypto cores, obviously also download attendees and when the channel goes back live when we get that crypto core channel back attendees is going to be giving out money to You folks, the voter, the viewers, so all you have to do - is obviously subscribe to the youtube channel, make sure you're downloading attendees and to really get yourself entered what you have to do on twitter's, hashtag, free, crypto, cores crypto course.

Obviously, both with case so shout out with tennies, and if that channel comes back online during the stream, we're actually going to be calling up, attendees and doing the giveaway live with all of you, but we're we're just kind of waiting on youtube at this point, which Is absolutely freaking insane now a quick sneak peek at the market, the spy had a nice nice push as soon as pal started talking and since then it's been getting just absolutely hammered. Uh target had earnings and we're not good. Excuse me not a good situation for target amc genie had very good days. Yesterday.

Abc gained 10 percent, jimmy gained 9.35 percent uh, both really good uh they're down a little bit with the overall market selling off in pre-market. The name of the game is: can they hold their gains today? Obviously time will tell things a nice nice push in the last third of the day yesterday, but engaging with the overall market. The s p. 500.

Things look a little shanky right now, but obviously we're going to wait for market open for confirmation, and if you need another piece of confirmation, this is cnbc's channel, and this is jim cramer's. Most recent thing from last night may 17th expect a rally if there's good news from the retail giants and china jim cramer, says so the fact that he's calling out for anything being positive, pretty much guaranteeing that it's gon na be negative, so uh, if you, which I am a big believer in the inverse indicator for mr kramer here. Excuse me: we need a cappuccino break and by that i mean straight espresso. I don't need that middle man today, anyway, inverse kramer looks to be once again spot on so in pre-market trading.

Speaking of kramer target shares crushed um yeah. They were very, very crushed the dow, the s p and the nasdaq all down over well, the dow almost one percent. Then we have one percent and 1.4 oil back up to 114 once again very bullish on oil. It looks like it's about to break out, so i think that's a good alpha play and then yields hanging out just below three percent.

Remember shields up bonds down the dow surge 431 points as investors digest fresh pal comments on inflation and rates. So yesterday there was a whole host of different fed members with the main one being the chairman powell speaking about monetary policy, the overall economy. And if you see what happened yesterday, there was a big push in the last portion of the training day. But this is very, very similar to the fomc meeting day where at first things went down, he started talking.

We ripped for the remainder of the day, the very next day everything given back, so i want to just quickly update you on what was actually said yesterday. Just so, you know, what's going on in the big picture, u.s stocks rally tuesday and investors took in comments from the federal reserve jerome pal during a wall street journal event. The fed chair said the u.s central bank will support interest rate hikes until inflation is tamed. We all know that the question is: how aggressive are they going to be? How hawkish are they going to be, and i would sum this up to say: why did everything pop yesterday, because nothing new was stated basically we're still being reiterated? The same thing of the fed has everything under control most likely.

The next series of interest rates are going to be 50 50 basis points 0.5 interest rate increases. They feel like they'll, be able to get it to down to the neutral rate. By the end of this year, however, they're going to arbitrarily define neutral, there was nothing new and we already know the plan now for the quantitative tightening, also known as qt. So it was one of these things of going into it.

Is there going to be an unknown? Are they going to say something that we weren't prepared for? No, you said everything you've already been pitching us all right great. So the fact that we took the unknown out of the market - that's where we saw the pop up but similar to that fomc meeting day, all of a sudden reality very quickly sets in and people are like wow. This is still a pretty hawkish time period and for this go around, that means pretty bearish for equities and also crypto. If that involves moving past broadly understood levels of neutral, we won't hesitate to do that.

We will go until we feel we're at a place where we can save financial conditions are an appropriate place. We see inflation coming down. You know they're not going to come in and say something like completely out there as in what i'm really referring to. As the truth, because they just don't want to cause insane panic, while aiming for a soft landing fed chair powell, warns that cooling inflation without plunging into a recession will be challenging.

So it's always interesting to see how this progresses in terms of the government and the federal reserve. So for the longest time we were told, inflation's, transitory and then they're like okay. We don't want the word transitory um. Well, okay, we have an under control.

Don't worry about it the chance of a recession, not gon na happen, and now do you see how this always morphs as more and more time passes now the verbiage is okay, it's gon na be really challenging to not go into a recession, but i think we Could pull it off? I don't know, but i would be willing to bet the next iteration of how it's pitched to us, the public, the people who have your money in your retirement accounts it's gon na be like okay. It looks like we're going into a recession, but it's not gon na be a bad recession. They just keep pushing in a little bit more and a little bit more as we're getting closer and closer to reality, and it's just frustrating, because why not be honest with us, the public from the get-go. The federal reserve sees several routes for solving the inflation problem.

Without falling into a recession, but none of them will be easy. The central bank is entirely focused on a simple single excuse. Me objective: a soft landing for the u.s economy. The phrase describes the ideal scenario in which inflation returns to the fed's two percent target, while unemployment remains low, it's going to be a challenging task and it's been made more challenging in the last couple months because of global events referring to the war that is currently Going on in europe referring to supply chain issues referring to global inflation, referring to very serious food concerns, food lack of food concerns, weed issues, energy issues - it all is just adding up.

Is it right to say it's challenging yeah? I would say it's damn near impossible to pull off a soft landing. These guys are trying to act as if they're sully and they're. Not. This is not a sully situation.

This is very, very serious and they have been kicking the can down the road so much. Whether they wanted to get reelected continuing their pose continue to collect their paycheck. But no one has had like the balls to step up and be the vulcan of the situation and say what needs to be said and do what they need to do with interest rates. Before inflation gets even more out of hand - and remember this - isn't just in the u.s uk inflation surges to 40-year high of nine percent in april as soaring energy and food prices deep in cost of living crisis, and it's exactly that it is a crisis.

Everything is going up and up and up including wages. Unfortunately, the increase - the relative increase in wages is not outpacing. The increase in cost of living, so in a net scenario, humanity is becoming less wealthy is becoming more poor on a relative basis. It's not just you who thinks man.

Why do these bills feel to be a little bit extreme? Why am i feeling that financial burden on my shoulders right now? Quantitatively, it's a very, very real thing to the point that we're actually seeing something we haven't seen in two decades: the dollar and euro are on the verge of parity for the first time in 20 years, and it could happen within a month. Here's what to know so, basically, barring unforeseen circumstances, the euro dollar parody, could happen within a month or so. Parity is an indicator of lack of faith in the euro area economy going forward, which is not surprising. So, yes, the us is getting hit hard, but especially because of certain energy implications, the world of petroleum, natural gas, which is hurting europe even more so yes, it's hurting the us, but it's more of a magnaflow impact, especially just because they're so close to russia and They're, so energy dependent on russia for a very quick example, hungary is very worried about signing the deal with the eu about banning russian-based petroleum products because they think it would absolutely decimate their economy.

A weakening euro zone economy is weighing on the euros prospects. Russia's war on ukraine has severely impacted the outlook and more pain could mount if an eu embargo on russian oil sets in the imf, the international monetary fund cut its 2022 growth forecast for the block from 2.8 uh to 2.8 from 3.9. This is kind of par, for course, within the us, within europe and within china. Everyone is basically saying growth forecast, not as good as we think it's going to be and what they thought it was going to be was already not that good.

We are facing lower growth or probably a recession in the eurozone. There's nothing deep about the dollar euro parity, but it's an indicator of the scale of global turmoil. It's serious, it's very, very serious and then for us to be pitched this thing, especially in the usa. Like, ah, it's not that bad, we have it under control, they're full of shit.

They are absolutely full of shit. If you dive into some of the data that we've been getting recently, it's beyond confusing, so u.s retail sales grew by 0.9, and that was in april and in fact this was actually four months in a row that uf sales have increased, increased increased. So at first that's a good sign in showing consumer confidence in one way, but in another metric the actual consumer confidence rating is at an 11-year low. So that's what i'm saying that it's a tough market to really be in, because certain metrics retail sales going up and up and up consumer confidence going down and if you've been checking out.

Walmart got absolutely rocked after their earnings. The walton family lost nearly 19 billion on tuesday after walmart's biggest stock slide in about 3.5 decades in one day, walmart as a company lost 50 billion dollars, and now on top of it, it wasn't just walmart. It wasn't just a mishap. You have also target tgd.

They just reported before the market open this morning. They are down 25. Look at this target in real time. Getting its teeth kicked in closed out that day, at 2, 15 right now in pre-market training it's at 162 down by 25.

So it's really really interesting. Consumer sentiment, low retail sales going up, but then walmart and target getting absolutely decimated. Now, of course, there are times where we see these types of disparities, and i'm just throwing this out there. I should probably be putting on my tinfoil hat for this particular pitch.

Maybe just maybe the government is being very, very careful with the data that they're picking and choosing to share with the public is that duck kid? Is that matt coorskin telling us that maybe the reports that we're getting from the government aren't completely truthful? Are they obfuscating? Some of the information that we're taking in yeah, i wouldn't think it's that crazy of a suggestion um. Even if and do could it be going on with retail sales. Of course it could. I would say that there's a lot of data suggesting that maybe the retail sales increasing is a load of bullshit.

Look at what happened to walmart. Look what happened at target! It's not a good scenario. Just a little side note before i go off on a tangent target, they think that the freight cost, because of the increase in energy and just supply chain issues, is going to increase by one billion. That's with a b one billion dollars, not a good scenario, but on more of a thing that has been studied and we know about.

Inflation is commonly under reported when we get the cpi, the consumer price index, which is one of the most popular inflationary gauges. That is woefully unreported and it's just one of those things that the world just kind of accepts it we're like. Oh yeah. We know that the numbers they give us are always low.

So i'm going off, and just i don't know, i'm in one of those moons. This morning, where i don't think it's that hard to extrapolate it out of like okay, maybe they're like making all the numbers look better for us just so there isn't really a populist revolt, at least within the world of wall street gasoline tops four dollars a gallon. In every u.s state for the first time we're breaking records. Unfortunately, it's just not the records you want to be breaking.

This is exactly why i know i pitch it to you. This is no need to panic. If you're actively in the market, you can make money, in fact you can make more money on the downside. I know that's a crazy thing to say, but downside moves have more volatility.

Stairs up elevator down that increase in volatility is nothing but an opportunity for you. You can make more money if you're on the right side of the train because of the increase in volatility. That's just factual, but i know some people don't have the really care to be active traders or maybe you're like that's just not me. I just don't want to active trade.

I don't have the time to do it, whatever blah blah blah, i get that the reasons are endless. This is exactly why i think the sector that will perform well on a relative basis to everything else is the energy sector. I've been saying this since january and february, and i'm reiterating it now because it looks like energy, particularly crude oil. The futures contract cl looks like it's about to pop once again, so, if you're looking for something hey man, i'm more in the style of, i just want to buy some stock, and i just want to chill look at the energy sector.

I really like devon energy occidental oxy, that's a warm perfect one. You have exxon mobil, you have chevron, you have some bigger players, some smaller players. You can just play oil straight up, there's already etfs. Those are the types of things that, if you're like hey, i just want to kind of buy and sit.

Maybe i don't want to take the risk of high high growth, high-risk tech plays right now, crypto plays right. Now i get it there's a time and place for everything and if you're, more of a laissez faire like i just want to chill and see how this all plays out energy is where you want to go, because i do not think this is a high water Mark wells, fargo, ceo, says there is no question that the u.s is heading into a downturn and will be hard to avoid a recession. Wells fargo ceo said there is no question of an economic downturn in the u.s and a recession looks difficult to avoid. You've got the fencing the economy is running too high and that you need to slow economic growth rates are going to rise, and it's going to change the dynamic of the health of the consumer and business over a period of time.

Excuse me, man, life life and by life i just mean my poor, sinuses um. So basically now it's wells, fargo goldman, sachs, morgan, stanley, jp morgan, all in one way or another saying things are looking a bit more grim for the economy as in a recession. Remember a recession and a bear market are two distinct things. A recession is a metric based on gdp and really lack of gdp growth.

While a bear market is the market comes down 20? Are they correlated? Yes? Can one happen without the other? Also? Yes, so correlated yeah, but not exactly the same thing for all my sticklers out there. The fact that everyone is so strong going into this should hopefully provide a cushion such that, whatever recession there is, if there is one, is short and not all that deep. So this is one little silver lining to the situation going into this we're actually at a record high of stored wealth, as in the average household, has the most money in their bank account on average than we've ever actually seen in us history. So this should help provide a bit of a cushion and help alleviate some of the pains.

So once again, is it good no, but it is a silver lining that the recession fingers crossed is not that long and not that severe uh. How do you say this? This is a german company. I think it's uh aliens aliens. I think that's how you say it.

Aliens fun collapse ends in a guilty plea and a 5.8 billion dollar deal uh and yes, elon shocked, which has literally nothing to do with this. What's so interesting about the story is whenever it comes to wall street and people getting caught with their hand in the cookie jar, it rarely ends in a guilty plea. In fact, the common thing is we're gon na pay a fine with no admission of guilt. So that's why this particular story stands out to me and many other people because holy shit.

We actually got a guilty plea, which is very, very rare. A unit of aliens se pleaded guilty to fraud and agreed to pay almost 6 billion after misrepresenting the risk posed by a group of hedge funds that collapse amid pandemic market gyrations. Stop if you've heard me be this for, but a group of hedge funds misrepresenting risk. Well, i have never heis u.s structured alpha funds were designed to provide protection against a market crash.

Instead, they ended up losing 7 billion during the tumultuous early days of the pandemic in 2020, spurring multiple lawsuits from pension plan investors, the unit's guilty plea - is one of the few for the banking industry, which has often agreed to deals with prosecutors without admitting wrongdoing. The structured alpha scheme was an egregious long-running and extensive fraud. Unfortunately, it got caught and now they're being made a lesson of, and hopefully this type of thing permeates throughout the banking industry and wall street to show you can't pull off this type of bullshit, because it's costing very real people very real money. In addition to the fines and restitution under the justice department, the company agreed to pay more than 1 billion to settle claims by the sec, including a 675 million civil penalty.

So hey a little bit of a win, we'll put a notch in the win for the good guys, so just wanted to quickly share that story with you in terms of other little interesting stories going on. So this is coming out early this morning. Amc discloses large passive investment in national sin media. So just another one.

I wanted to the ticker symbol for this one is ncmi uh. In a 13g filing that came out late last night amc has almost six million shares, which is roughly almost seven percent of the company. It implies a passive investment you've probably heard about this before, because recently, when elon, the news came out that he's starting to load up on twitter at first it was registered as a passive investment. Yes, when you have over five percent, you actually have to do a whole new special filing, it's a 13g or 13d.

We can talk about that later, but anyway, it's passive or active. So in this one, as of now it's passive and that's what elon did too, but if you remember after that, he's like oh, i want to switch it. I want to be active, so there is a chance that it goes that way, but at this moment in time, amc buying almost seven percent of national sin, media, ticker, symbol, ncmi and it's a passive investment. Obviously, because of this news right now, ncmi is up.

Quite a bit, let me just quickly see what it's doing in real time: ncmi almost up 20. It was trading at 1.45, jumping up to 1.73 right now and at one point as high as a dollar 95 um with this one. If i had to call out where i think this is going to go similar to the highcroft mining deal, that amc was involved in right here, i think there's going to be a lot of excitement, a lot of fervor in the stock. I think the volume is going to go through the roof and there's a good chance that there's a hefty percentage gain, which isn't the craziest thing to call out, because it's already up 20 in pre-market trading, now think about how highcroft played out on the excitement they Announced a at the market offering, i would in no way be surprised if national ncmi uses this as a capital raise event and does another at the market.

Offering so be careful with that, because if that is announced like highcroft, it's going to come down, ideally it finds a base, and hopefully it rips off of that, but i would in no way be surprised if this is used as a liquidity raising event. So i don't know i'm just throwing out that prediction right now and literally i'm just using the evidence of amc and highcroft in the past. So we'll see how this goes. Maybe it's not going to do that at all, but i just want to let everyone know about that, because no matter, if it's tied to amc or not, i never think it's a good time to go chasing the reality is regardless of who's related to it or Not it's up.

20. That's chasing. I would like to see how the market actually reacts to this news and i want to see if ncmi actually announces anything about an offering before i do or don't get involved, but right now i have no position and obviously i'll. Let you know if i get involved in ncmi.

I just wanted to call that all out to you now. This has absolutely nothing to do with the market, but apparently elon's mother is now a sports illustrated swimsuit cover model, which is awesome good for her, crushing it uh, not the youngest she's ever been uh 74 making on to sports illustrated swimsuit 2022 uh. It looks like just the musks are having their beyond their limelight moment, absolutely just running the world right now in terms of social media, and then this is another one that was breaking yesterday once again, nothing related to the market, but it is related to space and As you know, here we're always going to the moon, so i need to share this key lawmaker, warns of a ufo hearing, unidentified aerial phenomenon, also in a uap or a potential national security threat, and this is a video that, for the first time just got released, Is it going to play? What are we observing? What you see here? Uh is um aircraft that is uh operating in a uh in a u.s navy, uh training range uh that has observed a spherical object. Here's what you'll see coming up right here is a there.

One now back up just like that back up, spherical object right here it zooms by the window right in this area right there it was like very and as they fly by it, they take a video. You see a um. It looks uh reflective in this video, somewhat reflective uh and it quickly passes by uh the cockpit of the uh of the aircraft, and is this one of the phenomena that we can't explain. I do not have an explanation for what this this specific uh object is, and is this one of the situations where it is? That's, that's the object that we're looking at right there.

Thank you. So this is new video being it was classified now getting declassified, and this just came out in a hearing. I do not have an explanation: according to a pentagon official uh, it's an aerial phenomena, an unidentified aerial phenomena, and my only question to you is: what is it? Is this extraterrestrial or is it uh a mistaking, and maybe it's just something that is actually an everyday object um? I need to know your opinions on it, because this is actually just kind of getting crazy right now, so is it something crazy from outer space, or is it something benign and we're all just getting a little bit too bored and fascinated with things that we shouldn't Be fascinated with so i need to know your thoughts all right, all right, all right, uh, it's china, pokemon, it's ken griffin. I bet it's a fly.

It's just a fly like in the cockpit with them all right, ooh ooh. I need to do a pull. Pull pull, pull, pull you guys need to answer fast, um market open. You got ta answer real, fast red, green wheelie.

Oh, ask your community. Oh, go: go, go, go, go, go, go, go, go, go, go, go! Vote vote, vote vote uh. All right, reds is already dominating on the day cool. Well i'll put that in i'll update the code.

Let me switch this up and let me switch over to this. I think we are good for market open. We have about 30 seconds. We are going for hey we're just getting rocking with it.

We're gon na go for 250 out of the gate, easy peasy, lemon squeezies. The code is on. We have 10 seconds to go, everyone get ready. I need this money, i need it, i need it.

I need it order, filled uh i try to put in 250 but for some reason it's going for 325 and that's just the difference between the open and the close of these bars, which is kind of nuts. Good morning after the debacle i created yesterday, i will not be requesting videos or making humorous comments. The aliens are coming warn my gun and the beef currents expect my call in a bit. Oh rob, i hope, you're having a great day.

So, while we're waiting for market to open and for me to make money and for you guys to once again re-earn my trust come on, give me this money. Give me this money. I deserve it um i did shoot. What was i going to do right here? Oh remember: market open is brought to you by attendees, free options, flow, free, social sentiment, analysis and it's also built around the wall street bets subreddit.

If you want that, it's pinned to the top of chat and they're, also the ones who are sponsoring the money. For us getting back crypto cores and giving away that to the viewers and the people on twitch or excuse me on twitter, tweeting out free crypto course, spy is going to squeeze up to the price of 405. uh uh. I mean it was pretty much there in pre-market.

It very well could we're not that far away here we go all right well, we have to obviously do our money making song. Thank you, everyone for who contributed to me making 300 and by me i mean all of you all of you guys who seem to know what the hell is up screw kenny cause we're holding on to life, getting them so soon, 300 attendees won't be shaking or Breaking because we're going to the moon date very soon, going to wake up on the moon brand new yacht and the mcdonald's in my living room, bright, yellow, lamborghini, 50 meter, swimming pool champagne every day, hey fam! What you wan na hang one or two: oh you got ta! Imagine two: oh that's right held on tight jack titties every night. We was in way back when they tried to chop it down to ten and she's. Couldn't comprehend ace was strong until the end.

Now, let's retell it sit there down, they'd be sweating had enough of these villains, but the eggs were rebelling cause we never be selling till we sent it to heaven now we'd be out of yelling, hey screw. You kenny. I want my wife, a minivan to share with the boyfriend, but i pull up in the benz played saying olive cranes going on an airplane. Don't think we'll be back again celebrating every day like it's, your birthday screw kenny cause we're holding on for the life getting damned so soon, don't be mistaken.

The ace won't be shaking or breaking because we're going to the moon, today's expectation probably more manipulation. F.D, a creation of a crooked operation brought more while it was low, got more dips in trader joe's. Oh, you thought that we'd let go what the hell you take us for holla. If you spend your last dollar on bananas, while living in squalor, we don't claim to be scholars.

We the smooth brain dummies and we never stood totally yeah. We do this for love and we do this for our honor, a follower. 11 ain't got nothing on us. We the planet of the apes anymore, as we trust m-o-a-s-s.

Oh hell, yes, gon na, send it into space, go fire up the jets done. My dd call me out and john rocket man. This is the way gon na be girl, youness ground control. The major time we bout to have liftoff call us neil eight strong gon na keep so soon don't be mistaken.

The ace won't be shaking or breaking because we're going through them we're going to the moon. Let's go is this broken testing testing testing is my voice so messed up that the deepening thing doesn't work anymore. Oh brother, oh brother, oh brother, we're going down uh all right. That's a bit! Annoying we're gon na wait.

We're gon na be a little calm. What am i doing with my 520 veru puts um, i'm gon na cry about them is my main tactic: um, probably gon na roll them out veru getting lucky great and rocky getting lucky. This play is not over. I think this puppy comes back down.

We have two gaps to fill. I just need i'm gon na take another strike at it. When i see some additional weakness and i'll, let you know when that happens, viru freaking, lucky lucky lucky lucky: some stocks have all the luck. You know some stocks have all of the luck.

Uh i'm getting antsy, i kind of wanted to take a put position against target. How many of you are betting against target right now. Anyone anyone aims little green, a little. Actually, amc is one of the few green things on my watch list right now, patience.

I want to move to rumble and support you, but you don't want to lose my 13 months patricia. I appreciate that, maybe maybe i can talk rumble into kind of doing a similar, a similar like like membership time type of a thing. The inverse beta. Don't get me started on that.

Don't get me started there, so so far, we're one for one. Today, we locked in 325, which is a good day, but also not good, if you're a degenerate because degeneres we got to push it and push it and push it until it doesn't work. So we always got ta look for our next trade. We always got ta.

Look for the next trade, most people would say: hey 325 locked in let's call it a day. Let's go turn on the tv. Let's have some fun, but not us, not us, not here short interest on amy uh 22 and on gme it is 24 22 and 24 respectively for amc and gme. What i'm really looking for on the spy is a breakdown of 402.58.

This is what i'm looking for duda i want. So this is not actually real technical terminology, but it's something that my one buddy mike and i use so basically, you can get these things where we kind of just call these valleys with the bottom of the valley. Obviously, being here and then we call these peaks, so you have valleys, you have peaks and we kind of got it from this book uh by a guy named larry williams, hang on. Oh, hang on hang on, hang on, hang on looking for tesla we're gon na yolo this, let's see what we can do with this 10k account the first trade of the 10k account 725s.

You can scoop them up for 12.50 right now and i'm oops. I don't have them yet i'm getting teslas 725s. Why can't i see this? Oh i'm having a problem. Getting this filled team uh, uh, uh um.

Am i doing the right thing, i'll put 725 tesla may 20th filled. Did you guys hear that? Did you hear it did? Did you hear it because i did it? I did it so here's the exact position i got five tesla puts five tesla 725. They expire friday. I got in at 1290, 1290 1290..

Now what i'm going to do 12. 90. time to do some math, i'm selling them at 15.50 is my goal. 15.50.

I'm putting in an order right now, because i don't want to get greedy with it. 1550 1550 price of 15.50 confirm and send okay, i'm i the order! Isn't it's in so if it hits 1550 i'm out of the full position, this will burn a day trade, but there's high volatility and it'll be a nice gain. So this is the first trade with the new 10k challenge, account the new trade, and, let me tesla trade. Let me put this all in locals.

Trade tesla puts um strike 725 expiration may 20th uh prime 1290 target 1550, which is about 20, which is about 20 percent done done, done done done, which, if i can do my math properly to get this fill that would be tesla around 735. Roughly obviously, we're talking about a derivative product so there's a little bit of a wiggle room um. The reason why i was antsy was like okay. I wanted to wait like i said, and i posted this all on locals this morning was i wanted to build a actually.

I could show you guys exactly what i said before the market open right here: 5 18 personal plan. Looking for a pop, i can build a short into watching spy, cues and tesla. I posted this before the market opened and it came a little bit faster than i would like it to have, but that's exactly what i saw that i'm just sticking to my training plan. I wanted a pop that i could build a short into on this bar at 9 39, when i saw that we were breaching the previous lows i was like okay, maybe there's going to be a bit more of a sell-off and i took the chance.

I took the opportunity, that's exactly what i'm seeing uh, but i just want to let you know like i wasn't going like completely just bonkers with it. I thought i wanted a bit of a pop, i'm thinking about the fomc day when the fed got things to pop and the very next day we sold off pretty much all day. So that's why i was a little bit bearish bias, but then to give myself a little bit of wiggle room. That's why i wanted a pop at open just to get a better fill uh.

So obviously, if you're getting puts, you want to go up to get a better fill and then you want to come down. Basically the second after you got it, so you can get your money. So that's the plan, let's see if it plays out um right now, tesla puts way too big of a position for my account, if you guys are sitting there and be like hey, is that like a good balance trade? No? No! No! No! No! It's not uh! Each one was one thousand three hundred dollars. I bought five.

That's five thousand uh five times three fifteen, so i spent six thousand five hundred dollars on a ten thousand dollar account. You shouldn't be playing with 65 in one position: that's kind of the balancing act when you are going with like when you're trying to get the account rocking, especially when you're playing with contracts that are so expensive relative to the size of the account um. Well, this isn't good son of a gun, son of a gun - hey, hey! Don't you do that target? This was the other one uh this one probably would have paid off faster. It had a little bit of some wide spreads on it, though unfortunately, okay tesla, you need to come back down.

Okay, tesla! Stop! Stop stop! Stop! Let's not restart our relationship. This way we've been on, we've been off. We both did things that we said we weren't going to do, but i think we're at the point where we can forgive one another and give this relationship a real shot magnet. Oh that's! What we're missing good call, whoever just reminded me of the magnet you're the star of today's show you are the star of today's show.

Whoever reminded me about the magnet good call, good call all right, all right, all right air radar radar rate come on. No, no! No, no uh amc having a good day, one of my only green ones, how's the tech sector. Looking tech sector's looking weak come on tesla, you just got ta capitulate. The queues are about to get knocked like the tesla has to come down.

What are you doing? Tesla, why does tesla have relative strength? No tesla tesla? What are you doing man? What are you like? What what are you doing? You got ta come down, the cues are coming down. It's like a rule. It's like a freaking rule. What look at this? It doesn't even make sense tesla getting long ladder attack.

That's what it freaking feels like. It's breaking the rules of the game, probably why we should have waited until 9 45 son of a bitch. I i just don't get it oh now. The queues are even catching a bid.

Uh. Oh spaghettios uh, oh spaghettios, the queues just break down. Help me out. Don't embarrass me in front of my internet friends.

Just come down. Come down come on come down. Let's do this thing: let's go down down down down like that song timber. You got, ta, go down down, die, die, die, die, die, die, die, die, die, die, die, it's just like who, in their right mind, is buying right.

Now, that's the frustrating thing. It's frustrating because it's all these other people in the market who are doing the wrong thing like it's, not it's frustrating when i'm making perfect trades and then everyone else is like i'm gon na make a dumb trade and then they mess me up like it. It's it's honestly selfish on their part that there's so many people making the wrong trade and they're like i want to buy tesla at 747 instead of 735.. Like that's insane, that's crazy! It's not me who's wrong, they're, obviously wrong in this scenario and they're ruining it for the rest of us.

It's bullshit, it's bullshit, it's bullshit! It's bullshit, uh matt! I don't like the label. Internet friends like we aren't your real friends. I would say: internet friends are more important than real friends. I i like what the fuck this is wrong.

All right, i'm pissed! Now, i'm now i'm pissed! Oh he's pissed. Now, folks, hanging on barely oh spaghettios decision time decision time decision time when in doubt, double down order, filled order filled when in doubt double down double down double down when in doubt double down double down double down when in doubt double down uh. This is what i that was in the futures market. The robot voice guy is in the futures market.

Uh basically took that short position. Spy is looking weak looking to capture profits at 4015, that'll be an 800 gain which will push this account um in terms of the gain on the day on this account over a thousand bucks, which i feel like is a good metric. Did we, or did we not make a thousand dollars like a thousand dollars, is sick, so we already made 316 uh after there's like fees, there's trading fees, it was 3.25. So i'm just looking to lock it in right here at 4015, which is a previous level of support.

It might bounce it might not bounce, but uh right now we're breaking on that right now, we'll break even on that. If you're going to yolo in that 10k account, you should get some red box calls potential. No well, we were about to break down and then the freaking queues bounced off of 300. If only i was paying attention who, in the world thought it would have bounced off a key psychological level, why is the market against me? Maybe i'm the problem, i'm never gon na financially recover from this.

Who in the world would have thought that a key hundred dollar level on the nasdaq 100 would have been bought? Son of a bitch? Oh, this is going awry very quickly. It's all. Coming apart, the wheels are coming off this train son of a bitch who's buying tesla, oh my god. It just hit a new intraday high.

What what is this bullshit? This is insane who is buying this to everyone, who's buying, tesla right now. That's ludicrous that, like that's a verifiably insane, who would do that, you have to be like a straight-up madman. Now the whole thing's going up fucking crazy people? How do they expect people to trade in the market where there's actually lunatics? In this thing? It's just not fair, they should have a market for people who are lunatics and then for people who aren't lunatics, because the fact that i have to deal with the problems of people who are making the wrong decisions is insane. That's ridiculous.

It's just crazy people. That's who i'm that's, who i'm dealing with right now, i'm dealing with actual legitimately crazy people. This is like not my fault. I gave you guys a perfect trade.

I i myself made a perfect trade. I announced a perfect trade, i should say, and the fact that people are like. Oh i'm gon na buy dude inflation. Economic slowdown, famine, coven lockdown in shanghai.

What like, who is like, i'm gon na, buy uh, don't cry, i wan na cry, but i'm not going to because that's not what winners do winners bitch and complain on the internet till they get what they want and i'm a winner. So that's what i'm gon na do just setting up the trap. I like that john you're right, john, you are 100 right should have scaled in. I should have scaled in.

I also should have stuck to my rule of waiting until 7 45. um. There are many things that could have gone right. If i didn't have my head.

Excuse me so far up my ass, but alas, here here we are, you can't cry over spilled milk. All you can do is wipe it up. I thought i had potential. I thought i had potential too fucking crazy people we're dealing with a bunch of loonies session.

Well, we are severely below the point of control on the uh, oh low, pat low battery, what in tarnation all right as long as we i'll feel more confident if we get below what's the v wap 7 45 to 747 is an interesting area. For me, most people in today's training session will be feeling the pain if tesla can get below 7.46 745 to 747. This is what i'm watching right here. The spy is coming down.

It has to come down, the cues are coming down. Why is everything going down? But motherfuckers are still buying tesla. Who does this that's crazy, everyone's wrong, but me i'm sticking to it all right well, for all those people who didn't doubt me we're about to enjoy, hopefully enjoy making 800. Let's go: let's make 800, let's go, let's lock it in, let's lock it and bring it home, nope nope tab at home.

I need this money to pay off my tesla gambling habit. Let's go, let's go, let's go, let's go, let's go, let's go come on give it to me, give it to me tap it home, a little tap, tap tappy home on the range. I want to go order field. Well, all right! That was sick, uh order filled.

So we made 1113 in the futures account today. I think we're good on that. Now. Let's go complain about tesla, as we normally do time to complain about tesla tesla.

We made that money all right money playing song show us the fucking money yeah. I think about kenny in his ivory tower is give us the fucking money, each other, my sisters and my brothers, the fighters and the lovers. We don't need another fan because we huddled through hard times fucking. What is this bullshit like? Why? Well, this doesn't make sense.

I literally picked tesla because i was like oh it's going to trade like the qs and i'm going to get better volatility. Like i'm going to make more money. It wasn't like anything particular about tesla. It was just tesla's going to trade like the queues.

Why is tesla not following the cues? Why is tesla not following the spy? This is bullshit this. This is why beta is fucking dumb stupid look. Are you kidding me the queues in the spy just in an intraday low? Meanwhile, dumb ass tesla is about to hit an intraday high. Like are you kidding me? Tesla in individual equity is down less than the the freaking indices the spine.

The q's are down less. What the fuck is. This. This game is bullshit and now theta's eating me alive, like i don't get it when the spy and the queues go.

Red tesla just stays flat and then, when it goes, green tesla goes green. It's like tesla is completely just ignoring when the market goes red and then, if it goes green, it's like okay, cool, we'll go green too, like what kind of bullshit game is that i should have just played the q's son of a bitch fuck. Well, i guess day one and and all that's all it took to fuck up this account dumb. Oh wow, look at that everyone loading up on puts, but apparently, let's go, buy, tesla, which let's go tesla.

Oh look at that some ding dong about a 1.7 million dollar tesla call. Oh look at that calls and calls and calls, even though the market is getting murked. Let's, oh look at that. More market puts look at that q punch, while also q calls, let's be fair, i'm gon na tesla because it makes no goddamn sense.

Oh look at that. Another tesla call fucking dumb sounds a little sassy this morning. Well, it's not my fault. All these people are horrifically wrong and they're ruining the market.

Correct me if i'm wrong, but elon looks like the type of guy that did a lot of madly pearl jam. Manny, please help me understand so bill. Wang of archaegos is switching and explaining how he short stocks through swaps so not to reflect in presented shortages. How does this work um, so swaps and options? They're derivatives like they're, not the actual they're, it's referred to as the derivatives market, so the derivatives market is based on some sort of underlying thing, i.e, think of the actual equity.

But then you can get swaps and options. It's all these, like second-tier bets based on the original thing. So, if you buy a put, that's an options contract that in no way the only way to increase short interest is to actually go short. The stock you're not going to increase short interest through any of these derivative products.

If you short a futures contract um, if you buy, puts if you do swaps any of that stuff, it's not going to show up in short inches short interest is exclusively you. Borrowing stock and you selling that stock to create a position. All these other ones are just derivative bets amc having actually a really good day. It's my only green thing right now.

Besides, somehow loon is green, but does that really count tesla so stupid? Who, in their right mind crazy people, uh um, all right, tesla just get smacked. This is stupid. Thoughts on lordtown motors. It's been up 70 last week.

I think i missed the chance to get it. Uh lordstown monitors trades under the ticker ride. Oh super low, like yeah it's up, but look how crazy messed up it's been. Lord sound motors is related to workhorse.

In fact, the guy who made workhorse now made lord sound motors they're ev plays, but i would say, they're like third tier ev plays ever since workhorse didn't get the usps contract in tandem. These things have been crushed recently. That's a nice pop, but look at where like. If you want to actively trade it well yeah, you might get some additional push, but would i invest in this right now? No, this the trend is the opposite way, so it depends on what kind of are you an active trader or an investor, or what time frame do you want to be involved? Could there be an additional push like? Might you be talking about three dollars? Okay, yeah and you could risk 40 cents to make 40 cents so one to one, not the best.

You probably want like two to one or three to one risk to reward um. So if you want to actively turn it yeah, there's some volatility in it. It's up a nice percentage, but would i invest in lower town? No, i would not invest in that right now. It's just the trend is exactly the opposite of what you want.

Amc looking good tesla, unfortunately looking good, i can't believe i got this messed up on it. What is today, wednesday son of a bitch? That's uncanny! It's crazy! It's crazy that the market could suck this much and people are like. I want to buy tesla. I need to buy tesla tesla tesla tesla uh.

I have prague yeah, that's just sitting in my uh public account. It's still green. What madman is out there buying this bullshit right now, uh bbig bbig should have an interesting day, uh it. This is the kryptide day.

So today is the date of record so for every 10 shares of bbig owned you'll get one share of kryptide, which will be under the ticker t-y-d-e as dividend payment. So this is literally supply and demand. People are like if they want kryptide they're buying bbig, but this also means that there could be a noteworthy amount of bbig selling tomorrow no freaking way. This is just ridiculous.

Twitter is dead um, it's not really doing anything all right when in doubt be stupid trade. When and be dumb when in doubt go full yolo all right, the sound you just heard was me: the full account is in tesla, i lowered my average i just picked up. I can only pick up two more so now i have seven. I have seven tesla puts.

Let me write this down, i have seven, tesla puts seven, tesla puts the average price is 11.95 11.95 and it's the same thing. 725 is for friday all right, so we at least lowered our average. We at least lowered our average uh. I just went full tilt day one and i'm already breaking every single rule possible day, freaking one! That's how long it took me to be like yo, i'm totally not gon na be a degenerate like i'm gon na show really good sound, awesome trades.

It took me what the market opened at 9. 30.. That's that's my speed run. It took me 40 minutes to become a deterrent, and that was like me trying to not be a degenerate ful.

The full account is bet against tesla uh. I just needed to die tonight tonight tonight. I die all right 40 minutes how to blow up your account. 101 yeah.

That's what we're gon na cut this as we're gon na cut this clip as exactly how to ruin how to spend 10k in one day and get absolutely nothing for it. Can you explain how to play bbig if you expect a big drop after the record date? Well, you either sell if you're long or you could go short if you're like in agreement, but i mean just if you think it's gon na go down. You just need to pull the rip cord before everyone else pulls the ripcord, but it also might not. That's just my thesis like i haven't been following it like that that closely, but i don't think it's the craziest thing and buy the rumor sell the news.

This is the event. This is why people are in it to hold it for today so starting tomorrow, if they don't care about pbig you're, just going to see people selling and then on top of that, bbig also has some bag holders. Let's do more emotional trading, emotional trading. I am pissed off about tesla.

Why would it do this to me all right, you, son of a gun? What is this market holding on to like? Is it apple like what what's going on who's having a good day? No one's having a good day apple is sucking. Ass. Microsoft is sucking ass amazon. How much is amazon down amazon down four percent facebook down 1.6 walmart down 4.5 percent target down 25 netflix down 3.4? How am i the wrong one here, i feel like i'm in looney tunes land, nothing, no where where where where? Where? Where? Where, where so fucking?.