Thank you Foreign Foreign. Thank you Oh brother oh brother oh brother oh brother oh brother. Good morning, Good morning, good morning it is. Tuesday March 7th AKA Round one of Jerome Pal, the Chairman of the FED versus Congress Today he will be chatting with the Senate at 10 A.M ET in just under one hour.

And yes, we will be streaming the whole thing. But just so you know, if you're watching this live or if you're not watching this live but still want to know where that video is, we're actually going to be doing another video of it like we're going to be streaming that just separately. So for the people who want to re-watch it, it's just all one nice concise stream. So just throwing that out there to everyone.

Uh, before we get into everything of today I Want to talk a little bit about recent updates in the overall Market seasonality. The newsletter Met is going up again because they're firing more people and people love it I Want to talk a little bit about Legos We just have some important things to get into. but before we all do that, check out what is pinned to the top of chat. Check out what is in in the description of the video I'm talking about the old Mac Coors Goonie Newsletter: It is 100 free every single day in your mailbox.

I Tell you the seasonality of the next trading day, all the important macroeconomic events, reports on my current positions, all my new positions, all my closed positions, all for 100 free. If you are not signed up right now, you literally have no reason not to be free trading newsletter and obviously I'm gonna be. this is my test month with it for the month of March I'm just figuring out okay how to make it more readable, how to remember all my proper grammar from my middle school days, and just basically had to put the most value in the newsletter that I possibly can but once again pinned to the top of chat in the description of the video and actually with that being said, I'll just show it to you right now. So this is what came out yesterday and whoa I'm even seeing the bear on the screen now I thought you guys were crazy for telling me there was a bear on the screen just popped up.

That bear looks like it has cocaine on his nose that's getting crazy. Well make sure you like or subscribe. Anywho, uh so this is the what came out yesterday. Buckle up Issue four and what I want to point out is obviously I just kind of gave a breakdown of the day what's coming out this week Just so you know.

Jerome Powell will be speaking to the Senate today and it will be speaking to the house tomorrow tomorrow before the Market opens, we get the job Openings report also known as Joel's Friday Of this week we get the unemployment report Tuesday Of next week we get the CPI report the Inflation report. So anyway, uh, today March 7th. The main thing going on is uh Fed Chairman Powell testifies to Senate What you also need to know is about the seasonality of today. So this individual day through my friends over there at build Alpha I individually tested this day over the past 25 years and the Bulls did win 52 of the time.

About as good as flipping a coin. but when the Bears won, they won pretty handedly. And this is the equity curve. So on the Y-axis you have the amount of money that you would have made or lost.

and then obviously on the X-axis is all of the individual trades. So today, for some a seasonal perspective, it does have a bearish bias. and once again, this is for the S P 500. Just so everyone knows, as of yesterday, things closed out.

The year-to-date realized value in the account was 569 dollars. I mean you guys have been with me from the start of it I Think it roughly started at the end of February Something like that. Um, so we're up 569 and that's just the Weeble account. I Haven't really been counting things going over on in the thinkorswim account because I'm working on switching over everything to Weeble because it is a bit cheaper yesterday.

even though I didn't make any trades, somehow I lost a dollar 55 If anyone here knows why that might potentially be happening, uh, please please let me know I would be uh, thoroughly interested in figuring all of that out. I Went over all the new positions yesterday I created a defensive position with Meta which is good because if you haven't seen Meta this morning, it's been going up a little bit because of the reports that they're laying off people. so we're going to be talking more about it. But I did sell a call Credit spread 190 by 192.5 so to protect myself against it, this is one of the first positions I made I did a put credit spread 170 by 160 750 and then also just this is to help with the correlation of my account.

But I also did a call Credit spread against Walmart 145 by 146 and my reasoning for that is I don't have the overall best opinions of the market in the short term right now I think we are running into some pretty serious headwinds, but beyond that we see a bunch of insiders. They've sold 1.8 billion worth of Walmart stocks. so if the Insiders aren't comfortable holding the stock, uh, that doesn't give me the best opinion of where this thing is going. So I have a 145 by 146, then I went over all the current positions, blah blah blah.

Anyway, this is the fourth issue of the newsletter. Check it out. You get seasonality, You get the macroeconomic reports, you get my new positions, closed positions, and all of my current positions. If you have any thoughts, comments, concerns about what you want to see in this, how I can make it better I'm only a DM away I'm more than happy to heed whatever your thoughts and opinions are.

And on top of it, you also get some pretty fun quotes. You get some pretty cool uh oh, very choppy refish. Um, let me see, hang on before we continue. I Don't want you guys to be having an issue.

Is it on my side? Is anything being dropped? Is anything being dropped? No, it is not. So frames aren't dropping. Uh, and it doesn't look like there is an issue on Rumble Which means um, if you're having issues on YouTube just give it a quick refresh. just do uh.

if you're watching on YouTube right now, give it a very quick refresh. It should fix it because it no issues on stream Labs No issues on Rumble so it seems to be a YouTube specific thing. If you are having problems whether video or audio, give it a refresh. You should be okey-dokey artichokie.

as of now, stock futures inch higher as Wall Street awaits Fed chair Pals Comments: he's speaking at 10 A.M Today to the Senate I will be streaming that as a separate stream. Basically, we're going to cut this stream at like whatever 945 950 and then hop on over to that one it should already be pending on YouTube and I'll get the rumble one up momentarily. As of now, the Dow, the S P and the NASDAQ are all green, but just ever so slightly oil going back up to 80. I Want to call out the fact that okay, right now I haven't been completely destroyed on my old position? Going back up to 80 a barrel yields coming down just a little bit.

We already went over the seasonality of today. slightly bearish, but remember, seasonality doesn't always have to play out, it just tells you about headwinds. and Tailwinds The major thing what today is going to be set by is two things is going to be set by what Dronepal does or doesn't say, how it responds to questions and also my account. Whatever is going to hurt my account, you can guarantee that the Market's going to go that way.

Those are the two major things that are going to be pushing the market to the upside. or the downside. If I Buy calls, the Market's going to come down. If I buy puts the Market's going to go up, those are the two things that are definitively going to be important for today's price action.

What does Pal say? And how does Matt Core's bet on the market? So beyond that, we have wholesale inventories Consumer Credit Just so you know, tomorrow, we get the job openings. Friday We get the unemployment report Thursday You get the normal jobless claims when we get into this weekend I Believe that is now the blackout period for Fed members. So after Waller speaks I thought there was another Fed member speaking Friday But after that, it's the blackout period because we're within two weeks of the next Fomc meeting. But with that, they're gonna have to take in the core.

CPI They're gonna have to take in retail sales. There are other reports, but this is going to be the last last week that we hear from Fed members until after the Fomc meeting. So as you can tell everyone, it's just. it's all Jerome Pal Today it is all Daddy pal today.

That is what matters. Jerome Powell To testify to Congress on Outlook for rates and inflation Federal Reserve chair Jerome Powell Is likely to caution on Capitol Hill that strong economic activity this year could lead U.S Central Bank Officials to raise interest rates more than they expect to combat High inflation. So basically the better the economy is, the more aggressive they're gonna have to be. Because remember, we're trying to lessen demand.

That's how you fight inflation. So all of a sudden when you're seeing strong retail sales, when you're seeing a very strong jobs Market When you're seeing low unemployment report that is like we're seeing our GDP in the positive range. We're we're seeing good economic numbers and inflation still 3x where it should be. The most recent CPI report came in at 6.4 percent.

We should be at an inflation level of two percent. So all of a sudden we're in this weird arithmetic scenario where things are crazy strong and we have high inflation and people are trying to tell the FED that they shouldn't be fighting it. The fact that the economy is so strong, it's almost representative of the fact that it can take a little bit of downward pressure. Clearly, it can because things are actually looking pretty good from an economic perspective.

So that's what a lot of the discussion today is going to be about. You're going to have right leaning political fiscal ideology saying, why aren't you being more aggressive then you're going to have left-leaning political fiscal ideology saying whoa, whoa, whoa, You've already underdone overdone it like what are you doing You got to stop right now And then there's going to even be commentary about oh well, instead of two percent as your inflation Target Why is it not three percent? So we're going to hear various things, but I cannot stress the importance of this conversation enough. It's going to be setting the tone, especially including tomorrow. When we're hearing this, you're gonna see the market really be hanging on to each word that Jerome Powell says just to throw this out there.

And I was shout out to the true training group I Was speaking with them last night about this important thing. Here is the most most recent commentary is quote unquote a couple more rate hikes and and most of us assume couple is two and as of now there's a 70 chance that the end of March we're going to get another 25 bibs rate hike and then the next Fomc meeting. The assumption is we're going to get another 25 bips right hike as of now, the Bond market specifically the yield Market however you want to refer to it is pricing in two more 25 Bips rate hikes. That's the current line in the Sam If Jerome Powell has any part of his testimony today, any part of his answering of questions today, that is thinking we might have to have a little bit more, that would be pretty hawkish and most likely the market will come down and you'll see the dollar.

Trek by Dixie the dollar Index rip into the High Heavens But on the flip side, if he has some commentary of like okay, maybe even a couple is a little too much. if he comes off a little dovish, well, that will probably mean that the market rips, the kingdom come, and the dollar drops I don't know which way it's Gonna Go My Bias is to the fact that if he's going to break one way or the other I think that'll break in the hawkish direction. That's just my opinion. I don't know I'm not in the dude's mind yeah I Was texting him yesterday and we were catching up, but that had a lot more to do with our degenerate Sports bets on an Icelandic teenager soccer.

we weren't really talking about the market I should have asked I'm sorry that like I don't know I was a couple bottles deep into sangria and I forgot about it and it became a whole thing. But like we have a lot of big bets going on together and like that seemed more important at the time than asking Mr Powell what in the world going on with the FED rates? So I'm sorry I know I know a lot of you come to me and you're like, all right. like what did pal say? What did Ken Griffin say what's going on with Elon Musk and I talked to those guys commonly. it's just about like other random, degenerate things that we're doing.

so my apologies, that's on me when you misstep. I know first thing you should do is just own up to it I'm sorry and I'll attempt to be better in the future. but I I definitely I fumbled that one if you will. Senate Banking Committee and continuing Wednesday before the house committee.

That's it. This is a two-day Affair um I don't know if it's also a legitimate Affair like I don't know if he's married or anything, but this is also an affair in the sense of like it's going to be like entangled, the way you know how like there's that emotional entanglement with Will Smith's wife Jada Pinkett Smith This is an entanglement between the Fed and the Congress. So similar. Same, same, same, but different they.

This will be his last scheduled public remarks on interest rate policy and a final chance to shape Market expectations before the Fed's next meeting March 21st and the 22nd. That meeting is the Fomc meeting the Federal Open Market Committee meeting. And that's where they decide what they're going to do with interest rates Jack them up, lower them or keep them the same. We get the result on the 22nd, which is a Wednesday at 2 pm.

ET and then Jerome Powell will do a public conference at 2 30. but that's two weeks out, so there's a lot. There's a lot of game time between now and then. The FED has been trying to curb investment spending and hiring by raising rates which makes it more expensive to borrow and push down the price of assets such as stocks and real estate.

So basically they're attempting to fight inflation. The way to fight inflation. Which this is like. um, it's not a scalpel.

This is not a surgical tool. it's a very blunt tool. But you basically just try to Stamp Out demand you stamp out Demand by making things more expensive. And if you make things more expensive, you can do that through raising up interest rates.

But obviously as you make things more expensive to fight inflation that has a net negative side effect on the overall. Market At a February 1st press conference, Mr Powell indicated that if the economy slowed as officials expected, they could raise rates by a quarter percentage point at each meeting of their meetings in March and may once again, that is the line in the Sam. We're going to be looking carefully at the incoming data between now and the March meeting, namely, the Unemployment Report this Friday and the CPI report next Tuesday a week from today. If we come to the view that we need to Dot Dot Dot, move up rates beyond what we said in December, we would certainly do that.

So basically, if things come in hot, if unemployment is low and inflation is still high, they might have to be more aggressive AKA More hawkish. Since he made those comments, several economic reports have revealed hiring, spending, and inflation were hotter in January. The job situation was crazy. They expected an ad of 185 000 and it added over 500 000.

it was extremely hot. Moreover, revision showed inflation and demand for labor didn't slow as much as initially reported late last year. So basically the economy is still running hot and it is the Fed's job to slow it down. As a result, several Fed officials have indicated they could raise rates this year more than previously projected.

Investors anticipated that the rate would raise to around 5'5 by mid-year and remain there throughout the end of 2023. These are the newest updates. I mean I Remember not that long ago when we were told that they were going to cut rates in 2023, and here, the goonie Community we all knew that they were full of. We all clearly knew that they were.

But now it turns out that the analysts at the big fancy schmancy banks with the fancy schmancy pedigrees are catching up to our clear, obvious analysis of the situation. Investors will be parsing Mr Powell's language closely for Kulu's on whether the FED is likely to raise rates by a quarter point as widely expected, or whether he might indicate openness to a larger half-point increase. So that's the second half. of what look we're looking for is not how many rate hikes, which is still important.

We're listening to that, but the size, the magnitude of the rate hikes once again, and this is all going down at 10 A.M Today in a mere 45 minutes, I will be streaming it. We're going to be doing it together just listening to it, watching the market, making some good jokes. As of now, there's a 71 chance based on the option or excuse me, the bond market. right now we're at a Fed fund rate of 4.5 Right here.

That's the 450. That's the 4.5 There's a 71 chance that in the March meeting which we find out the results on Wednesday March 22nd mark your calendar that they're going to be raising it by 25 bips. That's what the Market's pricing in right now. it's going to change I Don't know if it's going to go higher or lower, but today during the testimony, this will probably be changing in real time, so we could definitely be checking it all out.

So that's what's happening on the macro economic level. But now we're pretty much in the final week of the Q4 earning Seasons from 2022. today, uh, this morning, Dick's Sporting Goods After the market closes crowdstrike. That's one that I may be paying attention to.

we still have Campbells We still have JD We still have Ulta We still have DocuSign There's a couple uh, but this is the final week and then we have a multi-week break and then we're gonna get ready for the Q1 earnings report of 2023. but that's a little bit down the line from where we're at right now. Lego Sales leap 17 as fans buy bigger and more complicated sets I Thought this was interesting to bring up to you because I don't know if together as a team, if we've literally ever discussed what in the world is going on in the world of Legos But apparently they're crushing it. So my question to you in here is like like are you folks Lego fans Is it your kids that are Lego fans You have nieces, nephews nibblings For those of you who don't know, that's how you refer to a group of nieces and nephews.

You don't have to call them nieces and nephews. You can call them nibblings. That's that actual word. If you don't trust me, look it up.

But that's the accurate word you have. If you're an aunt or an uncle to multiple, you're those are your nibblings. They are very much your nibblings. I Think we're going off track here I Just wanted to share that uh Legos is my favorite form to meditate.

Forget Gold by Legos I Like to eat Lego Still, that's a good one. Lego Only Legal brain simulator Uh-huh uh-huh Lego Video games Legos Are the next tulips? Or maybe they're they. maybe tulips are Legos Legos Revenue jumps 17 in 2022, reaching 64.6 billion. That's crazy.

Uh Danish Krone by the way, which is 9.28 billion. But like the fact that we're talking about billion anyway is pretty impressive. The toy maker wasn't immune to the macroeconomic pressures during the year, including the war in Ukraine and increased costs. However, Lego was able to offset those costs due to strong demand for its eclectic selection of building sets.

So bigger, better, more money. Um I Guess we need to go long on Lego Now unfortunately to for me, Meta is up currently two percent in pre-market so met a popped yesterday, sold off I Was liking what I was seeing but now I'm not liking it. The reason it's up is a little counter-intuitive Men are planning thousands of more Cuts after widespread layoffs according to a report, they lost could begin this week and affect thousands of employees. The cost cutting comes in addition to previously announced plans to lay of 13 of Meta workers.

I Believe 11 000 people Meta CEO Mark Zuckerberg is uh, pitching 2023 as the year of efficiency. So here's what's going on: Meta laid off people. They're laying off more people and they're attempting to increase the revenue per user. Uh, on obviously Facebook Instagram But also probably what the Market's really liking here is it seems like they're not going so hardcore in the world of VR and now are considering a couple more AI Avenues They might have been doing that already, but now they're more so publicly discussing it.

So layoff, layoff and maybe not being so balls deep into the world of Meta uh, or the Metaverse. So the Market's liking it, which is very much screwing me over. Uh as of now I have an iron condor uh I sold the one night or I have a 190 by 192 call Credit spread and I have a 170 by 167.5 put credit spread. That's my current defensive measures on the world of Meta.

Um, so the way I make my Max money on this is if we fast forward to March 17th. if we're below 190 above 170 I make the max money Obviously above 190, there's a break. Even below 170, there's a break. Even But the two of them, it's mathematically impossible for them to both screw me over.

One of them is going to make me my Max profit. It's just a question of which one, but there is a theoretical chance that they both do, so we'll see how that all goes. But I will probably be making more defensive measures on my meta play today. Five things to know before that belt goes Ding ding ding ding today.

Tuesday March 7th Before we get into this: if you haven't already hit the like button, do Not Forget To subscribe. Liking very much helps out with the algorithm on YouTube and it helps out with the battle leaderboard over there on Rumble If you're watching this right now and if you enjoy talking about stocks, options, crypto Futures my thoughts in the shower, this is the place for you to be. I Appreciate you spending even a second of your day here. I Know it's annoying to remind you, but it very much does help me out.

so hit the like button if you haven't done it already. And do not forget to subscribe. But today, if you want to show me a little bit extra loving if you haven't done it already, sign up for that free newsletter. It is pinned to the top of chat.

It's in the description of the video. You get all my plays, my openings, my closing, my current, the statistical out like likelihood for the next trading day, all the macroeconomic reports coming up basically I'm trying to hit the newsletter as hard as I can for the month of March to see if it's a worthwhile. Endeavor if you guys like it enough, obviously I'll be continuing it into the next month, but if it kind of just Peters out we'll We'll figure out the next thing to provide as much value as we can. Matt Matt we need to ban Maga Derp from Rumble When you have a moment, he is the worst person in chat on this side of the Mississippi ooh is that how we're gonna do it today? Uh uh, what's the vote gonna be all right? I'll leave it up.

You know what I'm gonna do. We're going to do something fun today. So they're as the king of this particular digital. Kingdom Uh, we get to unalive whoever we want in here.

We could just completely Guillotine them if we want, but we're going to do something fun. We're gonna actually ask the YouTube audience if we should ban Mega derp magadurp should we ban? So I'm going to ask the jury over here and the fun thing about this is they don't even know what he said so they're going to be doing it just basically on if they want blood or not. Uh, the poll is up. The poll is up the polls up.

I'm going to give you guys 60 seconds to vote one Min timer. All right, we're going. You guys vote vote vote vote vote vote. You have 55 seconds left.

So this this is kind of messed up. so YouTube Chat is voting on if we should ban this guy over here in Rumble Um need? Oh no no Turtle Tom no context. That's the fun thing. This is just exclusively on if you guys want blood or not this morning.

All right, we're waiting. You have 27 seconds left. You guys are so messed up. I Love it.

I Love it. Uh so wrong. All right, how's it going? We're going Eight, seven, six, five, four, three, two one. All right.

We're gonna close the poll and pull end. What is the final result? Uh, 64 of you said yes. We're gonna bam. Well here we go.

Uh. Last, the official last comment from Magadderp Magadie: Earp is cancel culture? Um well. I would argue that you're from douchebag culture, so why block anyone? Oh, and the answer to that is easy because I can do what I want. That's the fun thing about doing this.

and if you had your channel, you could do what you want. That's the beauty of it. The absolute beauty of it. Um, ban equals unsub and dislike.

Sorry to see you go see you later dude I Really don't care? I mean if someone's gonna come here and be a douchebag I can kick him out. They they do have the freedom of speech. They could just go talk somewhere else. Just because you have the freedom of speech, doesn't mean that people have to listen to you.

Those are two very different things. I Don't he? he can say what he wants. Do I think it's moral? No. Do I think it's legal and legally protected? Yeah, of course, but that doesn't mean I have to listen to them at all.

Oh no. Matt's already getting drunk with power. Oh I've been drunk with power I've been drunk with power. Those stubborn bond yields.

So basically everyone's paying attention to bonds right now. They're paying attention yields, They're paying attention on their dollars. They're paying attention to the overall Market which is going to be massively influenced on what Powell does or doesn't say. Today 10 a.m ET I will be streaming it.

It will be a separate stream, but he will be speaking with the Senate Newsome versus Walgreens. So this is kind of interesting. Gavin Newsom is now taking on Walgreens and it's because Walgreens decided to not sell the abortion pill. Um California won't be doing business with Walgreens or any company that cowers to the extremists and puts women's lives at risk.

So I'm not really here to debate the abortion pill or whatnot. I just does that mean that Walgreens is not going to be allowed in? California I Care care more about like the business side of this and I'm not saying that the abortion pill isn't important by any means, it's just that's not what we're here to discuss today. Um, but he just said we're done. So does that mean that just no one can use Walgreens there? Uh, kind of interesting.

Google's Ghost Town defense. So people are up in arms that some people at Google have to share a desk. but then the company is kind of saying well hang on. There's so many people were working remotely that certain desks like or certain offices are a complete ghost town.

So interesting development there. China's uh defends Russia ties uh. Tensions are quietly but also very loudly building up clearly between the US and China and China and I would say really just NATO Uh, because China, Russia and India are all kind of doing some things that I mean the rest of the world is not the most happy with. So something definitely to pay attention to because if it continues to devolve if tensions continue to build, obviously not going to have the nest the best impact on the overall market, so something clearly worthwhile to pay attention to.

All right. With all that being said, the casino is open. Best of luck to all. Play responsibly if not, have fun.

All right. I'm watching Tesla in the top right I do have some call Credit spreads against Tesla I Also have some Tesla puts 175 for March 17th that I'm dramatically underwater on I have a call Credit spread and a credit spread on meta I need Meta between 190 and 170? uh for a little bit out uh on the Spy right now I would love for it to stay below 405 I very much would just because that would benefit My overall positions if the Spy goes here I just marked this out if the Spy goes below 404, that's the low of yesterday. Um, so I'm very much watching that because this might just be uh, two days of ripping higher and higher. I mean the Spy went from 393 all the way up to 407.

This might have just been like a whip up, but if we start to break down I would then be watching for this Gap fill at 398.69 that's the Gap fill I'll be watching for. To the downside if people don't like what Pal has to say today. On the flip side of that though, there is an upside: Gap filter 408 10. so there's two Gap those one upside Gap film one downside Gap fill just want to throw that out on everyone's radar Tesla the lower the better I have 175 puts I Also sold 220 calls I also sold 245 calls so the lower the better for me on Tesla Meta as you know I need it below 190 uh coin I'm bearish on Crypto right now and that's not because I'm against crypto I'm a big fan of Bitcoin and somewhat of Ethereum, but a bigger fan of Bitcoin Um, I Just don't see bullish support right now in the world of crypto.

Just this Silver Gate thing I think is going to get way worse before it gets better Silvergate, which was the banking infrastructure. The Sen: Network For so many different crypto exchanges, uh, it, it doesn't seem good. So I just don't see how that's going to benefit the price of crypto in general. Will it last forever? I Don't think so.

I'm just talking about in more of the short to medium term and then in the bottom left. I'm paying attention to the dollar. Remember now we've been wanting that inverse correlation. What do I mean by that is basically as the dollar Index has been going higher, we've been seeing the market dropping.

Or if the dollar has been dropping, we've seen the market going higher in inverse relationship. As in they've been moving in the opposite way. Now when I say that I don't mean a perfect inverse relationship. I Don't mean every single a red bar in the dollar is a perfect green bar on the Spy Not like that.

I'm saying more. They're generally trending in the opposite direction. So worthwhile to pay attention to, especially on the day like today, because a lot of the price action in the world of the dollar is highly related to what's going on In the world of bonds, what's going on in the world of yields. And that's going to be highly influenced by what Chairman of the Federal Reserve Jerome Powell says today 10 a.m ET with the Senate I see a lot of people talking about Trk, a Trka popped up to 98, almost broke a dollar now down to 92.65 Trka is another penny stock pump and dump.

You can make a lot of money on it I'm personally not trading it because penny stocks are not my style. but I just want everyone to know that if you're playing it, there's a very big difference between a trade and an investment and everything I Know about Trka and I did a deep dive into it last night. Nothing about it tells me it should be an investment. This is an active trade Trka and this happens in the market and you could totally make money on it.

But Trka is for people who are actively paying attention to the market and my biggest suggestion on all of it. and once again I have no position I'm not long I'm not short I'm not playing it I'm not gonna play it because I don't like penny stocks I Think penny stocks are a loser's game unless you have the right setup which I could talk about in further detail later. but Trka I very much believe it's gonna pop up and it could keep going. it's been popping up I mean it's up 23 right now.

It could totally keep going. but I Also think eventually if you go far enough out in time, it's going to come down a lot. So just be careful with it as quickly as you humanly can. I would move your braking your like stop loss to break.

Even so you could ride the trend. That's your goal. Ride the trend, ride the trend, ride the trend. But if you think it's going to turn, that's the moment you take money.

Trka is nothing that you would dime in hand. It's an active trade. You should have price targets You should have trailing stop loss. You should have hard stop loss If It Moves Against you.

That's something that you actively have to manage actively have to pay attention to. at 39 cents good for you I hope you absolutely crush it and that actually reminds me. Uh uh wait. why do I not have a position open positions flat? uh wait.

Was I supposed to be short right now? Why did the order not fire? Oops Hang on. My order didn't fire uh I'm I think my robot's supposed to be short but it's actually am I gonna get I Mean it's popping right now. Buy to cover 64. Um yeah, it says my positions are out of sync.

Positions match False. That's not good. That's not good at all. All right.

I'm gonna manually force a match field all right I Manually forced a match. but now we are a okay, we are in line with what I should be have been doing already. Um, and that's for the Futures Market buy to cover stop loss profit Target Okay, cool, we are where I should be there. um Tesla I need I mean I would love for Tesla to co come below uh 185 today Skynet Merkin Matt yeah I Just like ever since I did this backup I tried to back up all my code.

It's been a little weird so I need to figure it out. I was messing around with some things but then I got distracted and I was working on a new oil trading strategy and I should have been fixing that instead. Um, hey Coulda Woulda Shoulda Coulda Woulda Shoulda Our Trka earnings good I don't know like I don't think they just had earnings? What do you mean I don't think they recently yeah I don't even know when there are I I know nothing of their like if there's earnings I don't think there is earnings I think this is a fomo short Squeeze Play that's what it is I mean if you go to Ortex it's shorted over a hundred percent like I get what's going on but I think you have two different crowds. You have a a crowd who is actively trading short squeeze plays as in they're not afraid to take their money when their money is there.

and then you have a different short squeeze crowd that thinks you just buy it and hold it and hold it and hold it. When you're talking about short squeezes, please understand it's an active trade. Um, like I Mean, but right here this is what's crazy is: it is over. It's shorted over 100.

Utilization almost maxed out costs a borrow pretty high. Uh, days to cover doesn't really matter right now, just because the volume is getting higher and higher each day. Um, oh, if you want to trade Trk, have at it. But understand.

One of these days, there's an extraordinarily high high likelihood that there is going to be a rug pull. Uh, Trka earnings. uh or what do you mean I'm wrong I said I didn't know I looked on the chart I just don't see any earnings I'm not gonna like I Looked into their financials like there's no reason to really do a fundamental breakdown of Trk because it's not a fundamentally strong company. Um, there's people who think that it's up exclusively because the CEO of Gns has been talking about it.

but Gns is another pump and Dump. People are excited that Trka is being talked about by the CEO of this company. This is another company that clearly pumped and clearly dumped like it's just if the quote unquote. Big catalyst is the fact that another pump and dump stock CEO is talking about your stock.

It's probably not going to end Well, it's not going to end well. Um, Mods attack Photo Bus What neither was AMC that's how you made your followers. what are you talking about AMC was very different wildly. Div AMC was the same deal and you back that up So I Heavily covered AMC When there was like some crazy things going on such as the buy button being taken away, the buy button was never taken away on Trka, Gme was arguably even more interesting because the buy button was taken away and on top of that, it had 100 short interest.

The Narrative Of the downfalls and the potential nefarious acts on Gme AMC was far greater than Trka I'm not against shorting at all. um I'm against malicious shorting. but if like the fact that people just like kind of whine about being like, oh, you can't short, why is it being shorted I Don't care if you're putting your money on the table and you're doing it in a legal, legitimate, non-manipulative way I Think you should be able to do what you want with your money. There's some people who try to die on the hill of arguing that you shouldn't be able to short at all.

and to me I kind of view it as just like why if you have the money and if you're doing it in a legitimate manner, if you get the proper baller, if someone is willing to lend you their shares and you're willing to pay for it and it's all properly accounted for I'm fine with that. I Am not just blankly again shorting I Do you think it's mathematically odd and Trka and Jme scenario and other scenarios where it gets over a hundred percent I Think that's like mathematically strange and maybe something should be looked up. but I also understand how it's possible through rehypothecation and someone loans it out there's a new owner, then they loan it out like I get how it's created, but still just like conceptually seems weird. Um, but there are like if you look at things like Gns, Trka Gtii, um, whatever.

bbig I'm trying to think of like the recent ones, they're not even really like that. comparable to AMC and Jimmy I'm not really talking about price action. I'm talking about what happened in terms of Market structure. Uh, Trk broke its upside.

Potential Trk lovers, please show your gains. I mean I hope they make a lot of money just because like I'm not in something doesn't mean like I'm rooting against it I just I Guess we're here to talk about it. but I have other plays like I don't think Trka is the best for me in terms of capital efficiency when considering risk and reward. but I will state that yes, it's an opinion, but I would bet a lot of money that this is going to end up being right, that Trka is probably something you shouldn't be investing in at this moment in time.

It is an active trade and in all reality, if you think it is an investment. I Guess my question to you is like what are you even doing here because a lot of people in here are active Traders We're not like Trk is not something that like you're like oh yeah I'm gonna buy it and come back in five or ten years. Like we all know, you're not gonna do that. You're in it because you want to make money very quickly.

So inherently you are an active. Trader No one's made a legitimate argument that Trka is an investment. It's not an investment. That's why I Know no one can make that argument is because it's not and if it is.

I Feel bad for you because you're putting your money into something that it would have been better if you just donated it to charity or like gave it to your neighbor or something like that. Um, this as an investment. It's the odds are greatly stacked against you. Foreign K On Trk that's awesome I That is so sick.

Just remember, lock it in when things turn against you. Um, there's going to be people who are a little bit will call it mentally slow to understand what I'm attempting to say here. So I'm gonna for you folks. for the folks who may be just your processing speed is a little bit slow.

um I don't know. Maybe just something's off. Maybe you just didn't hit the genetic Lottery and your brain doesn't work. So I'm going to really try to dumb this down for that small group of people in here.

I'm not against Trk I'm just telling you, it's an active trait. If you're up money, don't let that money disappear. It's honestly that simple. If you're putting money into this and you're just gonna be an investor and you think you're coming back in 5 or 10 or 15 years, you're just stupid.

It's an active trade. You can make a lot of money off of it. It's up four or five hundred percent in the past couple weeks, but that's what it is. It's an active trade.

You get in, You make your money, you get out. This is not a play that you get married to. It's it's that simple there. You cannot come up with a singular piece of evidence that shows that it's a solid investment.

There's a huge difference between being a solid investment and being an active trade. Every aspect of Trka tells you it's an active trade and you might think I'm wrong. You might be raging right now. You might be thinking oh my God How could he say that I put my money into the play.

This is exactly what I told everyone about Mullen Same thing happened. This is exactly what we talked about with GN Yes, this is exactly what we talk about with Gtii. This is exactly what we talked about with Clove. This Is exactly what we talked about with Bbig.

I Can show you a borderline infinite amount of examples. Why do you think that this one's going to be any different? Why? Why? Why? And the answer is it's probably not. It could. I Can see the fact that there is a statistical chance that Trka might become the next big thing and you could have got in sub one dollar.

and it could be a multi-billion dollar company. That is statistically possible. But if you're in the markets, you're in the game of playing reasonable odds time and time and time again and those are not reasonable odds. Brain damage is real I would know well Circle Tom I don't I Hope you don't have it.

No one is saying Trk is an investment. Most people who follow you are active readers. I think you mean Traders me personally I don't want to marry her, just stuff her butt. thank you butt stuffer I appreciate that is Apple in your retirement portfolio I'm pretty sure it is I'd have to check my retirements I like I hardly look at it but I'm pretty sure my core Holdings There are things such as like Nvidia Tesla Apple Microsoft's definitely there Microsoft's one of my favorite long-term Investments Um, but yeah I have those in the long term.

Uh, free at La wait Rumble Run free at last? What do you mean? Were you muted Rumble Run just financial decision I made MH Not sure where you're going with that, but all right, All righty already. Alrighty uh. you repeat the same stuff every day we get. It's an active play and it's risky.

Can you just show us the short interest on or text and whatnot? We're here to learn as we go? Uh Photo Bus There's new people every single day, every single day and we already went over it. I Literally like it's already up. We went over it so you're late. It's kind of weird that you can come in with an attitude like that when you're the one who missed it.

Uh, you should have Penny stocking your retirement Investment Portfolio I Beg to differ I Would beg to differ late to class the Spy levels happily. but obviously you get a demerit. These are the major levels I'm watching as of now. Upside is a gap fillet 408 10 I'm looking for the breakdown on the bottom side of yesterday's low I'm also watching 402 and some changes to key battle level and then 400 is a key psychological level.

I should map that out right about here. And then there's also another downside gaffle to 398.69 So as of now, these are the levels I'm watching on the Spy but I think things are about what time is it? Anyway, it's 9 47. I Think things are going to get a little bit crazy I think right now this is just kind of like whatever chop you have the opening morning churn. Um, you have various things going on.

but I think things are really going to get rocking today when Jerome Powell starts speaking at least here AKA group isn't a Pharma stock. Yeah, that's a great add-on Matt is sexy in a jean jacket I Didn't know this was the jean jacket, didn't know it was a jean jacket. Uh, what training do you recommend I want to learn about day training? so I think a lot of people end up spending too much time sitting in front of the screen. Yes, that's a necessary aspect of learning about the markets, but I think at a certain point there's diminishing returns to just sitting there watching the market.

I Think it's better to find great video lectures to read solid books. There's a lot of Education you can get that isn't just sitting in front of the screen. Yeah, you need to do that at a certain point to like kind of subconsciously get the feel for markets to understand some of that stuff. But in terms of like, will sitting there all day every day teach you what you need to know about the markets? Maybe eventually.

But I think you could really speed up by like reading great books about the market. For whatever you're interested in, there's great day trading books. so there's great swing trading books. So there's great crypto books.

There's great options books. There's great future books. Uh, systematic training? There's so much to learn about that. I Think it would be very difficult to exclusively get it from the world of just watching charts.

Uh, you need like twenty five thousand dollars to day trade in for an equities account? Uh, you can day trade on Futures without having twenty five thousand. There's no pattern day trading rules in the world of Futures and also pattern day trading I Believe it's just something in the world of the US Uh, other countries I Don't know where this user is from this viewer is from but in other countries I Don't believe they have better day trading. Oh, however, it would be nice to be shown some info on the play you were very informed about I but we already went over it. My point is that I went over it and you just happened to miss it.

Uh, today's disruptors can be your retirement in 10 years. Please change my mind. And of course it's right percentage of your money. Um, yeah, today's disruptors could be a great company.

But Trka? Like, why do you think that's going to be disruptive? Do you even know what Trka does? Trka is not some like phenomenal, high-growth tech company that's like revolutionizing a certain world. It's not that at all, it's a company that's barely holding on that like it's assets. Like yeah, it did just make an interesting acquisition. Um, but like it doesn't have that good of assets like I just don't even see the potential there.

I mean of course like I mean at one point Yahoo was down like 90 95 and now look at Yahoo Like, of course, companies can come back, but understand like we're naming only a handful of counter examples in the world of thousands and thousands of different companies and stocks. I'm telling you, once in a while you can hit a massively big win. but I just I Trka is not going to be it. I Just don't see how it even possibly could be dollars going up, dollars going up.

Not good for the overall. Market Oh well, the dollar in the last four minutes just dropped I Don't know what time frame you're on, but I'm seeing Tesla show some weakness dollars, the spies popping right now as the dollar is coming down. but don't be surprised. remember Jerome Powell Speaking in nine minutes? um Jerome Powell is speaking in nine minutes so there's gonna probably be some interesting jockeying for position if you will as we get into this.

Speaking of that, I need to prep for the next stream. So I'm I'm giving you guys the link right now. if you're watching this I just put it in chat I spammed it like five times. Follow that link, go over to it.

We're splitting this up into two different streams because a lot of people like to re-watch what Jerome Powell said. So I want it to be its own Standalone video. So we're We're going over to that literally. right now we are Jerome pal like, just hop on over there and on Rumble Um, I'm gonna same thing.

just go to the rumble page I have to actually create a whole new one for rumble. So we're closing this down just so people can exclusively listen to what Jerome Powell does or doesn't have to say dropping this. Um, but before you go obviously. Free newsletter pinned to the top of chat in the description of the video.

I'm going to be restarting a stream in like two minutes. Just give me two minutes if you're on Rumble I'll be on Rumble If you're on YouTube I'll be on YouTube Um, we're gonna be there in one second. Thank you.