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Let's start this week off on a positive note -- Heading TO THE MOON!
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Performance results are hypothetical and all trades are simulated. Past performance is not necessarily indicative of future results.
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What is going on moon gang welcome to the afternoon session, let's pound those chests, let's see those diamond hands. I hope you got some attendees in your system. Let's get excited and pumped up for the market close today. It is 2 p.m.
Eastern, we have 2 hours left 1 hour until power hour. Hopefully, volatility is picking up a lot of sideways trading, but you know what isn't going sideways. Amc amc is back on the board: we're seeing right now uh an initial rejection at where it was rejected. Early.
This morning, right around 6 25 i've been calling out that price level quite a bit, but if we cannot get on the north side of this, the next test will come at 650 and above. That is where things will get very, very interesting in a very positive and bullish manner for amc, so the first hill once again is 625. We've seen multiple multiple rejections there past that we're looking for 650 and after 650. Things could get very, very interesting other than that palantir has been trading sideways.
Just above 28. riot has been trading sideways at 66.. Cciv is having a tough time recapturing 60., so we'll see how those play out the the big excitement is definitively in amc and also earlier when i was trying to uh teach a little bit about put options. Uh, i made a silly trade with tesla.
I still have those uh two puts um tesla really isn't doing much it's in the highs or the low 740s. So we'll see how that plays out um right now, bitcoin is at 53 000 an important level of technical support. Uh ethereum, let's zoom in a bit on that ethereum is battling it out at 1715., then um bitcoin is trying to recapture five and point two five cents so we'll see how that all goes with ethereum uh. So we we have an interesting board set up.
Thus far for market close, we'll see how that goes, all right. What which one is everyone watching right now? Let me know: what's what is the big watch? I i know there's a lot of people. Bro short mc today you can sell, puts um. Let me know what everyone else is watching.
I am definitely definitely interested, but i think the excitement pretty much is in amc, um, lucid arizona, plant just burnt. I don't know what you guys are talking about urgent, sos possible fraud, scc opening an investigation. Things are very fishy, interesting. What is going on with sos? Let's check that out sos, so not completely smashed off of that news, though this is another sos looking wheat, though i mean look at this chart very much, looks like it wants to come back down to the high eights and then again some uh weak, looking chart.
I wouldn't recommend being in this just to begin with really um. I actually did do a live option. Trade. Last week.
Sorry, i mean hey, it happens um. I i still have faith in all this working out like let's just see how some of this market plays out amc setting up nice for the main event tomorrow diamond hands, kurt love to see it welcome back uh, the energy is already high. Thank you. So much guys for joining, let's see how it goes. I think things will still be a bit quiet for the next, like 55 minutes up until 3 pm, and then i'm praying that we can see some action. Some volatility this afternoon session uh the the morning, was definitely good and then the afternoon session just watching pain, dry but hey, sometimes that's when it um is just a good learning opportunity. We could talk about what's going on in general in the market. So sometimes it's a little, it could be good to be a little bit.
Quiet gives you better time to check out some other charts. Whatever is going on right now, my account obviously getting destroyed. It's just been grinding off all weekend, mainly because of these riot calls. Uh getting destroyed on it, i mean that's the pretty much the whole loss right.
There three point: four thousand dollars just overexposed. I should have taken my gains on it on friday. Obviously i didn't now. I'm kicking myself, but hindsight is 20 20.
uh bit 9k. Can you give me a quick analysis of irm? I surely can thank you very much for that super chat uh. It's drifting downward uh, so i'd definitely be careful about that nice support at 31. Then there's resistance, um support, slash resistance in between 30 and 31.
So that's a good region. We have this support. We have this resistance, so look for a catch in there, but i would let it drift a bit lower just to optimize your overall risk to reward. I don't know what iron mountain does real estate investments.
So it looks like it could be um. Obviously it's a real estate play. Let me a re potentially let me just check this out yeah. So, depending on how long it plays out, i mean if, if you end up playing this so early march, this will be a great support to get at.
You have 31, you have 30, you have this trendline. I would target this area nick bean. You should have stayed in tesla puts i'm chasing out on the play you made copied it uh. So i i didn't have the tesla puts from last week, but i have the new ones from today that i'm already down on just because tesla's trading sideways uh, i'm in at the same value that tesla is at from.
When i made the trade it's just right. Now, obviously uh, i need it to trend more in my favor every bar that passes without it trending in your favor. You lose a little bit of value in your options, i'm just looking um. So, basically, this morning, when we were talking about it, i was looking for this to break down just to try to discuss something about put options.
I thought there would be a quick flush to 735. Instead, we got a triple bounce and i'm waiting for this to play out. Now i don't know it was silly, but i was just trying to teach something about put options, so it is what it is, can't cry about. Spilled milk.
You know you're welcome bit nine k. Thank you for the super chat. Thank you for everyone for joining in how's. Ever what hey guys are you up to date down today? I want to know what you're watching, what are your positions? What stocks are you? Are you guys up to? I know the overall market screen, but maybe we have some crazy bears in here that have been shorting it. I want to know how everyone's doing, let's get it going what's going on discord with all of you guys? Oh, the j just got ge, that's awesome: hey solid stock amc, smack 625, again, clearly very, very important amc though we might be setting up for a nice uh cup and handle. So let's look for this. Here's our cup 625 to 625. Let's look for a lower high and then, if, if we start to bend back around we'll get a nice blow off top at the 625 area, but obviously that means that six has to hold.
Amc has really really been struggling in this six dollar to 650 dollar range um. So let's see how it plays out lucy in the sky with diamond's so happy. I know you've had some technical issues happy you could get in here. Obviously, if anything else comes out, feel free to reach out to me directly but happy that you're.
Finally, in this room, i know it's been a been a struggle. Ooh andrew732 aabb doing you well, let's see what's going on with aabb asian broadband, whoa nice stock uh huge run today. What's it up, 100 is literally doubled. Today, that's great man, killing it shout out to aabb uh today's bad everything is down.
Hey guys like this is it's part of the day. The day like the stock market, you have really good days. You can have really bad days. It's just part of the game.
It sucks part of trading is really building up the mental fortitude to be able to accept both some people are up today still doing well. I know some people in here saying that they're in on disney congrats amd bringing us a lot of us down. I mean me uh. Oh sorry, joseph you had closed the stream before getting my super chat, but if you can see any way possible to explain why after i bought a 10 call on sos it showed 230., i'm not really sure about like such a drop um.
But i know sos looks like it's struggling itself. Um, it did. Did i don't know if robin hood just got you a horrific fill or something like that, i'm not sure all right. Do you think palantir is a good buy right now i mean i'm bullish on palantir.
I don't know if you're looking for a day trade swing trade, i don't know like what you're really into, but i do think that palantir has value at this moment in time. Um, i'm playing call options on pound tier out till mid-march, so i still have about four weeks. I'm not rushing it. I feel like through some of this live streaming uh.
I i felt the pressure to rush trades and actively trade day in and day out and in truth, that's not really my style. So i'm trying to get a little bit back to more of like my style of like finding a good play, giving it a week or two to play out, because that's um, at least for me how i've been profitable um. But i also understand there is a certain value of entertainment when doing streams. Hence why i get into silly positions like i am right now with tesla, but let's see if it turns out um, i'm very, very bullish on tesla, just not in the the meantime, not in the short term uh. I think there's some weight on the stock at this moment, uh in the long term years down the road i think tesla will be considerably higher, but over the next day or two it'd be financially beneficial for me. If the stock were to fall, amc coming back with that cup and handle that we were talking about cup handle blow off top very bullish and common technical pattern. So, let's see what happens on this third test of 625, i think there's a decent chance that if it gets above it we could see it shoot straight to 650.. Let's see how it goes.
Uh gabrielle this morning, when you were talking about practice trading options, where can i do that um off the top of my head check out uh td ameritrade? They have that platform, think or swim, but i know they allow for paper accounts. I think you could do the same on e-trade if you're, based in the u.s, i'm not sure where you're from, but if you're in the u.s gabriella check out e-trade check out td ameritrade. They both have paper account options, uh sure green lantern. Could you provide technical analysis on oxy? I definitely can what's going on brother um.
Let's do this kind of an interesting chart, actually volume dying off a bit uh. So right when you see this kind of a easy give me thing. Watch this top trend line. Uh looks like it's pretty important to the stock uh, so i don't really love that trend line.
So i would just it looks like it's in this bear flag. Remember, bear flags are upward channels like two parallel lines going upward and it's referred to as a bear flag. I know a little bit inverse of what you think it should be called uh, but it's just because they commonly break downward. So i would, i wouldn't rush this one, because it seems like there's a good chance of a rejection at this top trend line pretty much right where it is especially because the rsi has been going lower and lower.
So, on each trendline hit there's been less and less bullish momentum. That's not a good sign! It's telling me that there's um a good likelihood of it like trading sideways trading, a little bit down, maybe look for support at this trend line, but i wouldn't be overly bullish on this one, at least from a technical basis. I don't know what this petroleum corp is doing, um fundamentally, but for my technicals i wouldn't be like i wouldn't feel pressured to rush into this one. Okay and also um gabriella weibo also has paper trading.
Thank you for that daryl. So anyone that wants weeble make sure you could sign up the link. Uh weeble has paper trading weston, okay, guys everyone! If you want an account where you can practice, trading sign up for weeble you'll get two free stocks for signing up one for signing up one for depositing 100. That link is below when you go through that process. Not only do you get two free socks, but it's also a great way to like help support this channel. It's a win-win. You get two free stocks, i get a free stock and then you can also mess around with the paper account and you can mess around with as much options and normal stock trading as you possibly want to. Please please.
If you sign up for weibo, let me know what free stocks you get like. I know it takes a bit, but if you're watching these streams, like commonly i love to know, someone just told me that they got ge for free, which is awesome uh, the biggest one. I've known someone told me that when they signed up, they showed me a picture. The stock they got was like just over three hundred dollars.
I forget the name of the stock um, obviously the more expensive it's like less common, but at minimum you're guaranteed a free ten dollars for just signing up thanks for everything clsn. Should i sell i'm up uh clsn clsn um. I mean i don't know, that's interesting. A nice gap up so there's always a chance of this gap, fill which you don't want to fight with um.
There is re like you're kind of in no man's land, you're, not really close to resistance, you're kind of far away from support. I mean hey double a that's. Like kind of all up to you um, you could always sell a portion lock in some of your profits. If you don't quite know what to do.
It's sitting right at this back gap bill to 310 there's clear resistance at 350.. It was rejected there. It was support, so that's an important price level um that one's a tough call uh. When i don't know what to do, i like to sell a portion just to lock in some profits.
It makes me feel better, but that's how i play this one's a tough read. I could honestly see it going other either way. So, if anything, maybe you just want to be a bit patient and let the chart build a bit, i'm just trying to make sure. I didn't miss any of these super chats.
I don't think so. If you are an sos, i suggest getting out sos website gone. Stonk, take stock, tanking, look into sos connection to f, x, k and h, hky very fish. Indeed, that's damon, so it seems like there are some issues going on with sos so um.
I can't confirm or deny anything, i'm just saying i'm. This is what this is all for: we're just trying to share information as there's breaking news, so it sounds like you might want to be a little hesitant with your sos position at this moment in time. How is the stock actually looking sos? Even if there weren't, potentially fishy news? We saw this spike up. Volume is now dying out.
The sake is getting like kind of knocked down. I think the first support will be 875. Really, i think 770 is more realistic. I wouldn't be bullish on this from a technical perspective, no less like fishy potential fraud, news plt here, pltr potentially forming bearish pennant um yeah, but hopefully it breaks the opposite way. Uh looks like it's going for just like a small intraday breakout right now. Um. So remember: pendants, don't always always break the way you want and like this is the one where we hope the inverse happens. But let's watch this little triangle uh.
It is a bearish pendant because it was building down until it made the triangle. But that's a good technical call out chris uh good good stuff. I like that. I love to see that you guys are picking up some of the technical jargon that i talk about day in and day out, um.
They don't commonly break this way, but hey like there's, always counter examples to each rule: hey matt, definitely love weeble. I joined using your link. I have nothing bad to say, but weeble does not support options on their paper account interesting. So you you can do.
It sounds like you can do a paper account, but you can't do it with options. That's kind of weird um. Okay, i'm i'm sorry about that. Then uh.
Maybe that's something like i feel like that's something that they should definitely work on. Um. If you still want a paper count specifically for options, make sure you're checking out like the e-trade td, ameritrade um situation. I think i think td ameritrade is where i had my own paper options account back in the day, hey riot, showing a little bit of life.
How do i feel about semi-conductors? Can you look at mu, micron, yes um, so i like semiconductors, my favorite is nvidia um, micron and amd, i would say, are tied for my second and my third favorite is intel and i like them all it's just that's the order of my likeness of those Um, i i'm biased towards nvidia, just because it dominates in esports, but on that it's like their microprocessors, are kind of considered to be like the gold standard that everyone else is following. So i really really like nvidia uh micron, apparently just had a new all-time high. That's awesome, nothing bad to say about them. I just like nvidia the best um, but as a whole.
I do think that this industry will continue to trek upwards. The one thing i'm talking to you about micron now, though, be careful, so we saw this high at 74, this high at 87, then this high at 91.. Each of these highs, there's less and less bullish momentum be careful. I am calling for a sideways trade or a momentary pullback in micron, don't feel pressured to get it now.
I would. I would personally think that there's a good chance of a dip buy opportunity. Zkin trading was halted up. Forty percent, i'm in small at eight dollars.
Uh, how do you know when to buy more marigolo? I mean that's all personal preference. For me, i just target areas of technical support, uh, so you're chasing a little bit. If you got in at eight because, like i mean we're just coming off of three so like the downside, is still kind of considerable, with like just under five being your closest level of support, so just be mindful of that um uh you're, saying it's halted. Uh looks like there's decent support actually at eight, so you could just set your support to your own entry level and let it ride. But to answer your question of how do you know when to buy more for me uh? If i really like it, i'm happy with the trade, i just try to invest more at a level of support. It looks like palantir breaking out of this bearish wedge. Remember, uh bullish, breakouts of bearish wedges are like not common, but obviously a lot of us in chat are in palantir. So this is a welcome sight.
It's battling it out at this resistance of 28.50. Let's see how that plays out what is going on awakening. Okay, i'm out, i ended uh lost 20 from amateur muse, i've consolidated into btc bmb and good luck. Everyone awakening uh, it seems, like you've, been crushing the crypto.
I truly truly wish you the best of luck. Let us know, keep us updated on what other crypto plays you're interested in sorrento therapeutics yeah. Let's check that out srne. I know this one's been moving a bit.
Apparently it's been moving downward, um. So right here off the bat 1225 support. Resistance. 1225 is like what you would be basing to trade on.
So if you like, the stock for whatever reason at this point, you'd be risk a dollar to the closest daily support. You can also watch the low from on thursday, which is 12.50 so support's, not that bad the reward is potentially above 17.. It looks like this sell-off uh, it's very much associated with um this bearish divergence in the rsi. The stock went higher, the rsi didn't.
We saw a period a sell-off, so the rsi is now cooling off so with this one. If it can stay above this 12, 25. 12. 50.
13 area - it might swing back around, but i would just closely watch that um don't be afraid to cut a loser. If you have to, but overall it like what i'm saying is like, i could see a like a pivot like a u-turn upward, so it's interesting, it's just uh, definitely definitely worth a spot on your watch list. Do i think ctrm is a good buyer. Now of the day, not in my opinion, no, i think the hype from this shipping uh industry is a little died out at this moment, t-a-o-p going crazy today.
Thank you, daryl. Are you in on t-o-p t-a-o-p check, belmont capitals, video don't get burned by china, sos update i'll, stop spamming. I just don't want to see an ape, get hurt guys. It seems like weird stuff is going on with sos.
I i can't do it on stream right now, so i'll watch this later, but belmont capitals, video about it just it sounds like you, everyone, please be careful with sos um we're streaming right now. I can't confirm or deny anything, but it sounds like just please be careful. I don't want to see like damon, don't want to see his fellow space ape lose any money. Uh amc, unfortunately struggling a bit palantir showing a bit of life. I would love if ryan showed life. This is the one that's keeping me down. Don't forget that i have a lot of money been on it going up by this friday and it's kind of messing with my account: oh sweet, daryl, nice and i'll. Let n911 up 30.
That's great, hey mate! Thanks for all the good streams. Do you know if there's any problems with weeble in sweden or just in for the states uh? So i i don't. I didn't even know i thought weeble. Is it expanded in sweden? I haven't heard of any issues um most of the time people i've heard with weeble, have a like pretty positive experience.
The only issue was like it seemed like it was a little costly, sometimes to transfer stocks but um if you're not transferring if you're. Just like a user of it and not transferring from another brokerage um, i haven't heard anything: do we have anyone out there um that's using weeble in sweden, i didn't know if weevil was like outside of the us at this moment. Uh. Thank you, matt for being so public.
With your experience, could you please take a look at nndm? Oh i i know about nndm. I really like them, um selling off it if it doesn't catch itself here at 13, get ready. The next stop is 11. 40..
Uh. Thank you for that super chat, but from a technical perspective, this trendline breakdown's, not good. It's last place to catch itself, is like where it's at now. If it breaks below that on volume, i would say the next spot is 1150 potentially 10.50, so be careful.
I do like it it's a 3d printing company um, i'm waiting for them to announce who they're going to acquire, so i'm bullish on them in the long run, but over the next. Maybe a week or two uh just be a little bit. Careful weeble is not for sweden, i'm getting um, okay, so yeah. It sounds like it's just in the u.s, that's kind of what i thought but um.
So if anyone out there uh has good suggestions of what you could use in sweden, sweden. Let us know a lot of people are commenting. Xrp how's that how's ripple doing today. Oops.
I wanted a different one xrp to the dollar, so we had this bullish breakout. It confirmed this trend line. It's going back up, looks very strong. I wouldn't be surprised if, over the next couple days, xrp is testing 75 cents, uh, i'm not in on xrp, but the chart does look bullish in my opinion, valerie.
Thank you so much for that super chat. You guys are so kind this. This community is phenomenally awesome uh. How is tesla doing my short position that got out of hand out of hand uh, i'm almost back.
Oh i'm positive. 26. I can buy myself some dinner, get myself a nice tendees dinner. What i was trying to show you with this put when you buy two, i was trying to sell when it goes right away. You lock in one for profit and then you can set the other, oh, the other one as a trailing, stop loss and then, as it keeps going, you're just like following it and if it moves against you, then you lock in more profits. That's how i was trying to set it up, but obviously the midday action uh wasn't the best for me. I didn't play it the best. It was kind of a silly trade uh.
Could you do some technical analysis on the dow jones and nasdaq getting a bit worried about the bond yields raising wondering if the market has stopped? This is a great question jake, i'm more than happy to do it actually an awesome awesome question. So, let's start off with um the s p 500. This is what i mainly use to track the market. So today, guys, let me put on my teaching cap really quick, remember upward channels are called bear flags.
I know if you guys have been watching me for a couple of weeks now we're like we get it matt, it's called a bear if, like there's a lot of new viewers, this is an important technical definition. Upward channels called bear flags, that's because they commonly break downward. The caveat to this is we don't know when they're going to break downward. This upward channel has been building since november.
Sometimes they build up on an intraday chart for a couple hours. A couple minutes like there's so many different time frames. It could theoretically just go on indefinitely, but the key here is to always just watch the bottom trend line for a breakdown granted. This broke down three separate times and the bulls quickly step back in, but one of these times they won't be able to do that.
That's just part of the market. We can't always just keep going up like i wish. We could that's just not how the market works. One of these times the market will push on this.
Downward trend line is not going to catch itself and it's going to have a mini puke, i'm in no way calling for like a horrific correction or anything like that. I'm calling for a very healthy check coming back down letting the rsi cool off coming to more realistic level. Don't forget it's not like our economy is in the best shape um. So anyway, i watch this now now that we're close to this bottom trend, i'm going to be watching this every single day on a breakdown i might play some put options just to see how it goes like.
Sometimes, if there's a nice violet move, you can play put options, call options on the overall market. Once again, this is the s p. 500. It's a basket that tracks 500 of the biggest companies in the us.
So it's a good idea. Uh! It's a barometer of sorts. How are stocks doing? Are they generally green? Are they generally red? This is a good indicator of that. But anyway, my point is: is that i'll actively be watching this trend line early this morning we bounce right off of it. I like that, so this might be nice, like we might bounce and shoot straight up all the way to 400 here, which would be great uh, but let's see how it plays out. My point is just to watch it now, let's go to more of the tech. Heavy index uh the nasdaq 100, it's tracked by the qs. This one actually had a breakdown.
We had this wedge, it broke above it slingshot back down, then came back on the top side, really really weird action in the tech sector. A lot of this had to do just with the transition and presidency, based on like uh the tax credits and tax benefits that they get. But anyway, from this trend line, we are coming down uh, it's sitting at 324.. My big thing on this that i care about is watching 312..
Let me actually get rid of some of these other ones. This was from like analysis from months ago. The one that i specifically care about right now is this low. I want to see if it can bounce off of it or if i get rejected so but as it comes down remember, this will put negative pressure or bearish pressure on tech uh stocks.
Overall, though we we are looking a bit heavy and toppy in the broader market that doesn't mean it can't continue to build out like this for a way for a while. It definitely can happen, but there are some technical signs that, like hey, we, we might need a breather soon. Just so, everyone knows that's a great question, though, and obviously you guys as more and more of this um continues to develop on a daily basis, we'll start to do recaps of the overall market just to know like the situation that we're in uh thoughts on ebay. I mean i've been avoiding it just.
I know it's um involved, oops, sorry um i was like like so i guess it's at the support, which is now previous resistance, but i think there's a i don't know to me. The risk reward. Just isn't there you're kind of at like a one-to-one and it's looking heavy coming off of the blown-out overbought scenario um. I just think there's this risk in my own training style isn't worth it.
If it doesn't catch itself soon, it could fall all the way to seven um, so we're at this support, which is resistance, so it either needs to bounce quickly or there's a good, almost dollar. Seventy five downside. Your thoughts on chain link, uh chain link to us dollar link um, so it was looking good today. It got hit uh it recovered with a lot of like bitcoin ethereum all that stuff.
It was early hit early this morning and now it's kind of bouncing back um, so i like how it stopped at 26. Like resistance resistance, now support. I would look for that to hold but just be worried. Um like or i i should say, be cautious uh.
We have divergence in the rsi, it's gone up, the rsi hasn't it's now lower, even though it made a new high. That's a sign that it needs to take a little bit of a breather. Look at this amc coming back, we're going for that perfect cup and handle breakout. This is why we do basic technical analysis. I mean even if you're brand new and never heard about the stock market before i hope you can understand that the cup and handle is literally just the shape. We have this: u shape from six dollars and 25 cents to six dollars and 25 cents. It comes down, it makes a new higher low, that's the handle, so it's like another mini. U and then on that third attempt, it's usually a breakout top it's a cup and handle it's a very bullish pattern.
It's one of the most common patterns in the stock market. I love trading it because all you do is you get in here and you risk this low. So, like your risk reward is pretty much optimized um, it's not going to work 100 of the time, but it's a pattern. I love trading found 1k icx coins from two future thoughts.
Uh. I don't know much about icx, but overall i think crypto has a bright future thoughts on idex um. We were talking about idex a little bit earlier, uh, the the charts not looking the best. I think bngo is a better play just from a technical perspective, but that's also mine, like i don't really know what idex is doing, but the chart was looking a bit.
Heavy, oh is tesla falling. Am i finally in money in that silly play of mine? Hey, sometimes it's better to be lucky than good. Don't forget that that's a big big lesson in the stock market. Luck commonly trumps skill when it comes to trading uh, so i'll be looking for a test of 735.
Let's see what happens there, i'm up 160 bucks. 10, i was expecting a bigger flush earlier today. Um um, not the best teaching moment, but hey attendees sadia. Thank you so much for that super chat, very kind of you.
What is going on with bitcoin uh. It's been kind of training sideways. I would love for it to come back up and break above 54k uh. That's the big test.
Rejection, rejection, rejection, rejection rejection! So maybe i don't know time number whatever. This is seven is the lucky charm uh, because after 54 i think it'll have clear sailing up to above 55.. Let's see i am coming back, doge couldn't even come back david j. How about a look and thoughts on oxt orchid technicals are good from you.
Okay, oxt david j. Is this what we're looking at the oxt? Okay, i'll just i'll, do it on kraken, i don't know which one uh exchange you're on uh crap. I guess gemini is a little bit more reasonable. Hang on.
Let me um kick out one of these bots all right. Let's look at this chart. This is from david. What's going on david super happy that you're back here day in and day out, um, my first gut instinct, is i like how the today's low was this high? So it looks like 51 cents, 50 cents is very important, so i would argue the closer you can get it to 50 cents.
The better uh on the way back up, watch right below 75, then watch right above 75. uh kind of weird it shot up. It came down higher lows, lower highs, it broke out of this bullish pennant, but it couldn't hold so it seems like it was a little skittish based on like crypto's weird morning um. So the big thing here in terms of risk reward, i would say, as close to 50 cents as you can get it, but we're just kind of trading sideways. It doesn't seem like it has much of a direction at this standpoint in time. At this point in time, what is the latest on bitcoin hang on, hang on we're kicking a bunch of greg's out. We got him all right. What's going on with tesla hang on, i should open up another.
Oh just so. Everyone knows the the software i'm just using right now is called training view. If you want to try it out, it's about, like, i think it's 15 bucks a month like 50 cents a day, but if you want to try it out for free for a month, there's a link in the description below like i'm an affiliate with them um. So if you want to just try it out for free for a month check out that link to training view um, it's cool, i just like aesthetically how it looks.
I think it's pretty easy on your eyes, i mean, even though this is good software, i don't think it has like the best visuals. This is think or swim, so i'm kind of biased towards these guys at the moment in time. Let me open back this back up once again, that's called training view. Here we go we're on the down and down uh, potentially we'll we'll either have a double bottom or a dead cat's bounce.
Let's see what a dead cat's bounce, let's see what happens at 7. 35, let me set up an alert if possible. Just so we don't miss, it add alert all right. We will get an alert if it breaks below 7.
735 amc. Looking strong. No, it's so nice when a nice technical pattern works out. Baja don.
I know i just butchered your name, but thank you so much for that tip. Let's go. Let's go amc on the way playing out a nice cup and handle pattern even riot is coming back for me. Is this going to be our day, moon gang? I hope it's our day every day is the moon gang day, never ever a bad day to be in the moon gang.
Don't forget your rocket fuel, guys very, very important. You can't go to the moon without some rocket fuel. You should do a tutorial on how to use all the features in training view. Okay, i think that's something i could do we.
We were talking about it a bit in discord. Um there there's just some of those like conversations we have after the market closes related to options trading view uh much more of a relaxed. It's just like i feel, like i've, been using the live streams like specifically for like active market trading but um. I think the the big thought moving forward is with the moon game discord just to do things like that um.
What's today's number one trading lesson: um, that's a great question isaac! Thank you for that. Super chat. Amazing, amazing question. So i think today's big training lesson and i'm going to tie this all together. Just stick with me - is uh a big one, about patience like right. Now we're all a little mad like a lot. There's a lot of red in the market. A lot of our accounts are down uh today and because of that like when you're bored and you're down, sometimes you look for silly trades just to quickly make it back like.
We all have this hot concept that, when you trade each day should be green like make some money and even even if you make x money yesterday, you want to make more than x today, and i think we all get into that mindset - and i was even In that and like we're all watching the market trade sideway, i see that my account's down like three thousand today. So then i got into a position that right now i'm positive on it, but this was still a bad trade uh. I get very hard on myself. Sometimes i get lucky and i make money off of a bad trade, but that does not change the fact that it's a bad trade.
So today's big lesson is when things are moving against you when the market's not moving at all when you're just having a bad day, because we all have bad days um. You can't when no matter how bad things get, how much you're down, how much you're! Just not having a good time. You can't force a trade generally like right now i feel insanely lucky. I should cut this position.
Take my profit count my lucky stars um, but, like you can't force trades, that's a perfect, perfect way to lose money um. So i think that's the big lesson of today is like realistic expectations, and that involves a lot of patience and discipline. Um, that's a huge aspect of all training and just remember it's going to be the hardest part of your training career is mastering your own discipline and your patients. One of the best things you can do as a trader is just sit on your hands.
A lot of these successful traders - i know - and i'm talking they make multiple six figures - even seven figure years, a lot of the times. They just sit there and do nothing. They watch the screen all day and they have the patience to not make a single trade for days and days and days. You will do better the more selective you are helpful stream in thoughts on amrs.
I was in at three dollars sold at nine, really regretting it wondering a good price to get back in thanks, so much casey swords. You have nothing to regret. You just made uh what a 200 gain. Don't regret it like profit is profit.
You guys will never ever go broke, taking money. Trust me like it's just factually, if you're always taking. If we always look at it as like. Oh, i wish i traded it perfectly perfectly like, of course, i wish i bought put options on tesla right here at 750 and wrote it down like in trading.
You always base it on hindsight of like. Why was i not perfect? You have to get that goal out of your head: you're, never going to trade perfectly! It's pure luck, if you top ticket or bottom ticket um. So you were talking about what is that one specifically uh amrs amrs? I mean if you wanted to get back in after your awesome trade. The entry point was right here on this breakout, or maybe this nice bullish strength on this day back on february. Right now, it's just chasing. If you want back in wait for like another u-shape to be formed, you could target this support at 13, this resistance at 12, but now it's just chasing and you might make money tomorrow. We could look at amrs and it might be up another two three dollars but like for all the times that that's gon na happen, there's other times that it'll actually dump on you and you're gon na be losing money. So it's not a good habit to be in to chase a stock and also pay attention that there is bearish divergence in the rsi.
So some technical things are starting to happen. The volume is getting lower. There's bearish diversions in the rsi uh think this situation is not picture perfect, never give up amc, how's amc doing we're coming back, i'm telling you guys it will probably test 625 by the end of today and we're looking for a nice breakout. Thank you gerald.
The reason why the market is all over the place, in my opinion, is due to the amount of capital and cash that is in crypto, and now you have uh general yellen talking trash about btc big gov equals bad power control, hey, there's a lot. A lot of external forces and what you're saying could very well be right, um, but when it comes down to it, we just got to play as we see it on the board uh. It is worthwhile for everyone like if you're interested in the stock market pay like. I know it can be boring and dry, but it is useful to pay attention to what's going on in politics, because it has such a big uh impact on the market.
Pay attention to the stimulus deals all the big house and senate votes. What's going on with the treasury. The bonds yelling like all this stuff is financial literacy that i feel like. We were never really properly taught about, but it's very very useful to know, especially when you're trading um mike perez, hey matt.
I always watch your stream every day. It's very helpful. I think you should use the macd and boyle in your bands thanks again moon gang yeah, so i actually do use it, especially when i'm doing chart review when i'm like studying at night to know to what stocks to talk to all of you about um. The only reason i don't show it on stream is just because, like the chart already gets so messy like the rsi is on the bottom here and like i have all these indicators, but like it it just like it.
It gets there's a lot to see. There's just a ton of things, so here's the macd and just like when i start adding a ton. You see less and less of the chart each time. So i like it um i like the macd.
I like the rsi. I like moving averages. I'm a huge fan of the keltner channel. I use all those, but the reason i keep it a little bit more clean is just so it's easier to see during stream isaac, though, back to you about the number one question i know it went on a tangent. There awesome awesome. I hope that helps guys if i don't ever say the number one lesson of the day: it's probably just going to be patience and being disciplined ooh. Apparently, some part of my speech got some greg's really salty there. What a sad life it is to be.
One of those suits should you buy tesla right now i mean i, wouldn't i'm seeing a lot of bearishness i mean you could always try. That's the risk reward. So i'm not really that big into day trading. But if you buy right here you just risk 735.
So at this point, you'd risk a dollar and you're looking for a bounce, but you have to be disciplined in the fact that if it breaks down cut your losses quickly now overall, like always use multiple time frames and the reason i wouldn't be looking to dip By this is just because it's clearly going down so like this would be a good dip, buy opportunity if tesla were trading upwards like it's. A bigger, larger timeframe trend, we're upward. But in this thing we have multiple time frames where the trend is down to me. The stock is looking heavy.
How is my put going? I am up 12 on this put right now, so what i wanted to do - and i kind of messed it up. I wanted to start with a thousand dollars and be kind of silly and trade 100 of that, and always just go for 10 gains and see how many trades i can get in a row till i blow it up with either call or put options. So i could start that now, but i wanted to start with a thousand, and this one is two thousand seven hundred uh. I wanted to do it with a grand because, like if you do it ten times in a row, uh or 25 times in a row, you could get it up to 10k.
I thought that would be fun like entertaining i like i mean i would risk a thousand dollars just for something fun and stupid to do so. Maybe i'll start it with this uh. Maybe i'll just go right from here, just always trying to lock in 10 gains and see what happens, but i'm up 300 bucks on that, but i'm still severely down on the day. Hey amc! This is what we're talking about that breakout.
Uh cup handle explosion. Let's go amc, it's go, i'm telling you guys cup and handle look it up. It is a great great pattern and it looks like some people are about to make some money on it. Uh.
The next stop, in my humble opinion, and remember nothing. I say on this: stream is financial advice? It's just me yelling at a camera. It's 6 50.. What's your take on ebi x, keep up the good work um, so i need a grandma's boy.
Honestly, uh people have been talking about that this morning. I feel like i need to understand more, i know meet kevin was talking about it this morning. I very very much respect his opinion, so i think i just need to do more research on it. Some people are saying it's fraud. Other people are saying it's not so i just don't know. I can't fairly comment on it. Uh from a technical perspective. I don't like the chart here we go.
Did i say above 675 a quick run to 650. Look at this go. Let's go right up to 650.. It's like, i have a magic, eight ball, but if i'm being honest with you, i left that upstairs so this one's just a pure guess: let's go all you amc fiends above 650, that's where it gets very, very exciting.
Trust me above that it'll be awesome. We just need to get above it and hold it because remember it tried to get above 6 and 625 multiple times, and it was quickly smackdown. So if we can get above 650 on decent volume and it can hold that and turn the resistance into support, get excited. Where are we at? We are 10 minutes away from power hour.
I hope amc runs in all power hour. That would be awesome. Bullish sends in at 460., i think it'll shoot up in a month-ish. How about you would you hold or cut loss? Oh hang on.
Amc is ripping look at this huge explosion, ding ding ding that took less than 10 minutes. I told you past 6. 25. This is the importance of technical analysis.
You can get the ideas uh right now. I would be looking for a potentially a momentary pullback, but if it rips that's even stronger, if this is a huge resistance and if it blows by that, that's even way better. For us, you don't even want it to get caught up. Uh brandon, brendan sorry to the moon.
I love it. Let's get those apes and uh the apes and diamond hands going in chat. Let's go man, discord is popping off with it. Very.
Very excited. Don't be surprised, 650 is resistant, so the battle will be right here before your eyes. Let's see how it plays out cciv being sound off a bit, it's not halted. Not yet we go it's strong above 650.
Actually, let me pull it up on right here. Just so we can see it just in case there is a halt because it is getting bottle volatile here you go all right there. We are uh, we'll better know from that 650. That's where the line in the sand is is gme.
Moving gme is at 46 uh gme. I almost kind of don't care about it until it gets back above 50. 51.. That's just like the uh, the equivalent importance resistance of like six dollars for amc for gme, that's at 50 51.
So it has a long way to go all right, working out picture perfect, thus far, michael francis. Thank you very much for that support. Why am i, behind your chart, just remember that my like this stream, like youtube, delays it by a little bit, so i'm like 30 or 45 seconds behind all of you by the time like it gets shown to you. So i'm seeing it in real time and then the by the time youtube they have like some sort of like little delay.
Amc is on the move. Everyone above 650 above 650, we'll have to zoom out and do more technicals because it could really move. Hang on this is from l randall. What's going on amc 500 at 10, 5 calls at 21 strike for 319. You got ta pay what you owe riley freeman uh. Thank you for that el randle. I appreciate that. Thus far, tesla has uh bounced off of that 735.
I want it to crater. Just in the meantime, i would more so love for ryan to actually run sends whoa. Sorry about that sends looking heavy uh. I would look for support to be found.
Uh like in the high fours like previous resistance, but i'm mainly watching this trend line ryan, so uh, i'm i'm thinking. It'll come down a bit, which is what you would want to give the rsi a chance to cool off and then look for a bounce off of this trend line. If it breaks below the trend line, i would be worried. Should i sell zom, i'm in at 135 plus 106 at 19 shares? Oh, you have 135 dollars at 106 and a hundred seven uh, let's how is um looking member in life, this is looking heavy to me.
You're in at 106. so basically use two dollars as your support. If it breaks down uh personally, i would take profits, but it could bounce off of there. Once again.
The rsi is just in a period that it needs to take a breeze or cool off a bit um. You could always use this. U shape as this resistance as your new support at 152 uh, depending on like how risk adverse you would like to be amc still showing strength, i'm liking that i'm liking the look. It is strong, hey guys if you're in amc, tesla just crashed.
That is good for me. What's going on with tesla, i shouldn't say crash, i know. Sometimes i get ahead of myself. It just fell.
It didn't catch itself uh. So i would think that the next spot is 725, but let's see um palantir coming down a bit. Cciv moving right, sideways um, which one i guess is the least i want to put tesla on this screen. Uh riot i'll just do tesla here, instead uh and i have riot anyway, okay, 66 amc strong guys if you're liking amc.
Let me know by dropping a like there's: 5 000 of you watching. We are at 500, let's go up by a thousand if we can hit 1.5 000, let's get the energy going for amc if you're digging this entertainment, the education, if you're just feeling good about amc, let's put out some space ape vibes into this universe. Let's get amc up to seven dollars, let's get going, let's go, let's go 500. I know we can do a thousand five hundred on the likes.
It helps with the algorithm and we're gon na get amc to the moon. Higher and higher amc broke 100 million volume. Let's go was only 39 million on friday. People are interested in it once again.
This is a very, very, very good sign. I love it above 650., like from a technical perspective. Let's go all right, we're closing in on a thousand likes: let's go to 1 500.. Let's get these good vibes going 4 amc.
I would also like it if tesla came down to 725. I would also like it if riot shot up palantir shot up bitcoin shot up. Let's end them we're about to go into power hour. Let's end it on some positive vibes, we're kicking off the week with good good vibes, amc still moving moon in the moon gang chris woodward swapped, my palantir for amc this morning on a whim, sometimes just a bit of luck. Hey luck is a great asset to have in the world of trading expand health. Thank you for that sub. Let's go use space apes. I want to see those diamond hands flying around uh 650.
Let's turn that in let's turn that resistance into support, let's go. Amc is very very actually. We need to zoom out for a second to find the next level on amc that we care about uh. Let me do this two hours, so this is why i was so excited because uh, i know you can't see it so 650 support support resistance, resistance, obviously 650 hugely hugely important.
650. 650. 650. 650 past that now the next level.
Ah man, that's actually kind of a hard potentially 740. um. I'm looking at this support for turn into resistance. There might be a little bit of an issue in the high sixes uh, seven dollar key psychological level.
We have this post-market action, but really i'm looking at 740.. That's why i think 650 is so important because after it it could just sail easily up to 740. So that's why i've been beating the drum of its importance rachel. Ga thank you for that super emote.
Very very kind shout out diamond backhand. Still appreciating you amc to the moon, hey man, i appreciate you and your diamond hands. I love it. The energy in this you guys are just super fun.
Like you, i don't know. I just have so much fun hanging out with all of you. What's going on uh, what a champ amc giving me the volume on amc is massive, is the amc volume potentially short covering buying shares um, potentially uh? It also could just be people fomo like hey. I see it running, i want to buy, don't forget if you want more of this in-depth stuff, the the the moon gang discord is open.
You have to go through that patreon link. I believe it's the first link in the video. Let me just double check. Uh yeah you'll see the rocket ship rocket ship rapid discord through patreon that the discord is how you get into the moon gang uh discord.
So if all this market hour talk like there's about 500 people in there awesome people amazing due diligence sharing their information. Crypto stocks options uh, whatever you really want in the world of the stock market, you can definitely find a solid trading bunny in there. Obviously, i'm in there with other moderators outside of these streams. Actually, i'm in there right now during the stream uh like to stay up to date with them always helping me with some breaking information shout out to everyone in the discord amc, let's see even cciv, coming back pushing 60.. .
Think or Swim, TD Ameritrade,
been with during early time ( years ) ๐ค๐๐ค
Just listening to Elon Musk on Clubhouse saying that he โoccasionally makes fun of DOGECOIN, thatโs because DOGECOIN was made to make fun of cryptocurrencies.โ Heโs quite witty about it, and he gets a kick out of people buying it when he says something about DOGECOIN. People are such tools. So easily manipulated
A-M-Cizzle
Surreal to be up in AMC and down in everything else