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Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Stocks, Crypto & Breaking News
The Matt Kohrs Show
Video Partner
⇒ Streetbeat Robot Trading (FREE $5-$5k Code "MATT"): https://bit.ly/SBMatt
Latest Video
This Will Leave You SPEECHLESS!: https://youtu.be/uyfHoPW1opQ
Sponsors & Affiliates
⇒ FREE Trading Newsletter (FREE w/ Code "GOONIE"): https://bit.ly/LocalsMG
⇒ Streetbeat Robot Trading (FREE $5-$5k Code "MATT"): https://bit.ly/SBMatt
⇒ Webull Options Trading (12 FREE Stocks): https://bit.ly/WebullKohrs
⇒ Top Charting Software: http://bit.ly/TradingViewChartingSoftware
⇒ True Trading Group: https://ttgshort.com/ttg3-moon
#Starship #TSLA #Stocks #Crypto #BreakingNews #Live #AI #AITrading #Ethereum #Bitcoin
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. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Foreign. Thank you Foreign! Good morning it is! Friday April 21st I Hope you guys had an enjoyable holiday yesterday. I Hope you're ready for a fun day Friday Friday Fun day, whatever it is TGIF Today and hope you're ready for an awesome weekend! I Hope you have some stuff planned to hang out with family, friends and if you don't like your family or friends I Hope you're doing something fun solo, even if you're getting some good r r rest and relaxation. Hope you guys are all having an absolutely fantastic morning, evening afternoon night.
I Don't know where you live? Well I know where most of you live because I've been stalking you guys on the internet, but not all of you. especially if we have new viewers in here today. I I Don't know where you live yet, but I'll make sure to find out this weekend so that'll be cool. And it's important to know that I Fully fully believe that and I fully fully mean that because if you don't like in sub oh, we're gonna have problems.
we're gonna be having problems I Live in Iceland I will come to Iceland and we'll call it problem land if you don't hit that sub button Brandon Living in Maine I'll be in all of Maine I Don't think Maine's a real State I Don't want to go off onto a rant too far like too early I Don't want to go off the rails too early in today's stream. but if there's any state in the United States that I'm a little suspect of like oh my Is that real uh, it's made for sure I do not know if Maine it might be real if you're from Maine Um well first of all I wonder if you are real or not I don't know there's I just have some thoughts about it I have some I definitely have some thoughts about Maine Heads up Matt Mull and Penny Stock Gambling bag holders are going to be excited this morning I saw something about like a potential buyout something with Saudi I don't know. So like it's gone from a couple pennies to a couple more pennies. so percentage-wise it's a nice increase.
but I don't think. once again we see these things pump and we see them dump. wait time I feel like every single day we're getting into this penny stocks pumping they dump. so we're seeing a pump.
That's what it's gonna be most likely leads to a dump. Ned is back Trek's a very astute viewer pointing out. actually hold on I Want to show you guys what happened when I gave Ned some sunlight. So I gave Ned's sunlight for a couple days and as you guys can see uh, he started growing extra little heads up here.
Uh, so interesting decision by Ned to I don't know we have like three little uh, that one that's almost like a double one right over here. It like grew and it grew more so a little bit of sunlight apparently. Pretty solid for Ned these days. So he's been rocking it.
but Ned is still alive. Uh, he's like almost going like Super Saiyan 2 or something like that. I don't know, it's kind of nuts, but here needs a bigger pot. He definitely does not need a bigger pot.
Ned's been chilling in this pot. If anything, this pot's too big. All right. We'll throw a man back here so he can watch the show as well. But yeah. Ned Fully Alive Doing well. thriving. Uh, there was a little bit of an emergency.
even though he's a cactus, he was very low on wires I need to give him some water and sunlight. But he's doing well. He needs to grow. Yeah, he he's growing.
He's showing up. He's showing up. He's showing out. Uh, and they said Ned was dead.
Yeah to all the people in here both. we would have a funeral service if Ned died. obviously. I'm not just gonna like hide a death from you folks.
that would be a very serious thing that was like that would fracture all the trust that we've built up with each other. I'm not going to lie to you if Ned if Ned or chair die like you think I could cover that up, you think I would somehow have the psychopathy to be able just to straight up lie to you about all of that folks. I Feel like your opinion of me is pretty freaking low if you think I would do that. Come on, come on come on come on folks.
Ned's alive. It's a Friday It's going to be a fun day. Friday Here's what we're gonna do. We could talk a little bit about Mullen if you so choose.
we could talk about the market. We could talk about a T which is getting clobbered. We could talk about Procter and Gamble which is doing well. We could talk about some of the recent things in Twitter If you guys haven't noticed the Legacy verification system and Twitter is now kaput.
So everyone that has a check mark has paid for it and it's so so funny because all these people who are like I would never ever ever ever pay Elon Musk for a check mark. Well guess who still has the check mark? Guess who still has the check mark? All of these people who are virtue signaling and for whatever reason just have an issue with Elon and I guess just like the Persona of Elon And yet the check marks are still there which I have. It's the same group of people who remember in like 2016, they're like if Trump wins I'm moving to Canada All the celebrities said that and then none of them did it. It's the exact same thing.
It's a clown show folks. it's an absolute clown show. Cracked me up so we could talk a little bit about that and I believe. Actually, the community notes recently had a big dunk on Biden so we can get into that if there's anything you guys want me to react to more than happy to do it.
What was this about? Stephen King Stephen King has a check mark and claims he never paid for it. Yeah! I saw that he's like and they have my phone number and I never gave that to him Stephen Can shut the fuck up man. he's so full of it. He's such a weird dude if you see like his interaction with the public that is not a person who's grounded in reality.
I Think he got a little bit too deep into some of his books and he's just like lost his mind there. like the the people who are complaining about it and are trying to act like they're so based and normal. they live lives that essentially mean that they're freaking aliens to us. They are not normal in any sense of the word. Um, but they try to act like they're so normal. Did you ever use Gordon's model I don't even know what Gordon's model is, have you ever used it? But if you want to send it my way, we could check it out. We could definitely check it out. Why did Tesla fall earnings? The earnings announcement Elon basically said hey, the next 12 months I think it's going to be really really rough.
So basically pretty negative forward-looking guidance for over like he quoted the next 12 months. So Tesla getting murked. Uh, we could dive into that I do have some information, but Kathy Wood of Arc Invest actually still has a very, very high, uh price target for shares of Tesla over the next five years. I Believe is their time frame so we can connect too many ruds these days.
Rudd is my new favorite term. Uh, what would? what's it? Radical Unscheduled? No. what's the R stand for I Have it right here. Rapid, rapid, Unscheduled disassembly.
Uh, for those of you who maybe missed yesterday's stream, uh, there was from SpaceX in conjunction with NASA giant rocket going into the air. I Mean this thing was the size of a skyscraper. It was unmanned and the whole thing was launching it off of the pad and collecting that data. and then that seems to be like the major thing they were looking into.
and then they try to tag some things on to see like okay, can we do the disconnection, blah blah blah. Can we make it through? uh, the queue? Whatever is like the highest pressure when you're going up in the like I Guess the stratosphere at that point. Um, and it did actually really well. It exceeded what they thought it would do, but it still ended up exploding.
Uh, it still ended up going. and right away they started. They're like, oh, a rud. a rapid unscheduled disassembly and everyone started mocking it relentlessly because just call it explosion.
just say it blew up. and everyone like they try to like I guess almost play Q what they're doing. that's a rub. They try to make it sound like fancy some weird scientific term.
they're like yeah, that's a rud. A fully expected rud. It's just like the most I guess like beat around the bush. Way to just say it exploded.
I No longer am blowing up trading accounts, just some of my trading accounts. Uh, they experience ruds. Uh, unfortunately. but I've never blown up a trading account in my life.
and I don't think many of you have. yeah, maybe a couple of you in here similar to me. have experienced a couple P L ruds, but never an explosion, never blown up a single trading account. just right here, right there, run the other day, but just just runs.
So I think that's it's just a really interesting way to stay as like a toxic Trader like I've never I've never exploded I've never blown up a relationship I've just there's been a couple ruds in a couple of relationships. uh uh, just stay toxic, stay toxic teen. So that's what we're getting into. but because it is Friday I wanted to bounce something off of you if if I may um, my producer and I have noticed an interesting Trend recently in our viewership over the past couple months where it seems like a lot of you degenerates are here for a lot more than just like trading in the market. it feels like I don't know. So I started this whole journey if you will. way back. Well I was trying to make videos at first, but really I got traction when I started streaming and in fact I was streaming all day and I don't know.
See, it's tough. It is tough to stream for more than eight hours a day. five days in a row. and these Gamers they do that.
but like usually they're going every other day or they'll take your day. Go two days, take a day, go two days. something like that. But unfortunately with the market being open from Monday to Friday I just don't know if that's possible to stream all day every day that the Market's open just because.
like that's hardcore. Five days on you do hours of prep before hours of other work afterwards and then basically you're just fried on. Saturday and Sunday I mean I did that for a year straight and it like I've been through it. It's simply not sustainable.
But then I was thinking I wonder if there's a way to kind of change it up a couple days obviously do our morning streams but then I was thinking and I want to kind of start it today and I wanted to get your feedback from it of like what if some of our days after that we turned it into a quote unquote normal stream uh I was thinking whatever Counter-Strike is trending we could play that and you guys could join together. We could all play on a team together, we could play chess. uh we could play poker, we could like just whatever. or if there's like crazy stuff going on, we could check out what's going on.
news if there's a crazy court case like recently A lot of people were walking watching Gwyneth Paltrow before that they were watching the Johnny Depp basically just like whatever's going on that like yeah, we could start everything off as like Market related but from there we could just get to full-on degeneracy. um balloon TD Exactly the only thing with balloon TD uh it's like one player and I was just thinking of things that we could do for like all of us together. whether it's like the new Call of Duty game, the new Counter-Strike game. we could play poker, we could play chess, we could play Tic-Tac-Toe we could do whatever.
uh I don't know I just wanted to bounce that off of you and I figure it's Friday it's Friday fun day so I kind of wanted to mess around after the normal show today so we're gonna keep going. We're going to keep going on Rumble we're going to keep going on YouTube we're gonna. it'll just be longer but just I don't know I kind of wanted I don't know if it's technically a warning or not but I figured let's have some fun I Hope you guys are wearing your LT gray Friday shirts. This is the only thing acceptable in many offices. Across America At this point uh, it's your dress down yet. dress up. Fridays So this is your LT grade. It's a college shirt so you know it's like a serious business professional shirt as long.
that's the difference in all reality of if something is acceptable or not and businesses. does it have a collar? It doesn't matter if you have a bunch of sick tigers and flowers and moon gang Insignia on it. Um, so just want to throw that all out there I Hope you guys are rocking your LTE Glacier I'd play Warzone before we get into this I just wanted to be very well known I am horrible at games like I'm just not a good gamer but I feel like if we keep playing I would like eventually get good or at least I would hope that I get good but we'll figure it out. That was one of my plans or we could start doing stair steppers and Ice baths together.
Or we could just do Matt on the streets of New York and I could just like go to Washington Square Park and stream it and see like just the weird shit that happens I Feel like we just need more excitement? we just need we just need to do something more more exciting I Think poker would be fun I Love playing poker I'm not good at poker, but I love playing it. It feels like uh I don't know. It's a fun puzzle to try to figure out in real time. A big fan of Poker but very very well I shouldn't say very bad I Can hold my own well I can hold my own against a low quality group of players I cannot hold my own against people who actually know what the hell's up.
Uh, how can you be a computer engineer and not be good at games? Ah, basically because I was stupid and it took me a lot of effort and work to pass my classes in college. So basically I played a lot all the way in middle school and high school and then by the time I got into college, the option was do you want to study in past classes or do you want to go play video games? So I had to make the decision to stop playing video games when I got into college because I didn't want to flunk out of school. Um, so that's basically how that, uh, that's how that all came Matt got chicks in high school I definitely did not. Folks as nerdy and annoying and nasally and unathletic and unfit and as unfunny as you guys find me now, it was exponentially worse.
Pretty much if you want to know what high School Matt was like, picture like 130 140 pounds soaking wet, more nasally acne, horrible jokes essentially a bowl cut of a haircut. It was bad. it was brutal. Uh I Did date one girl in high school and that lady had to be a godsend because I don't unless she was just like maybe it was a charity case. Maybe my parents paid her off to like talk to me I don't know what it was, but it was brutal. Um I wasn't um, your memories on your iPhone like of just photos from whenever. Recently a couple ones from high school popped up and it folks it was bad. Matt Stratz is high school Matt No Matt Stratz was actually better than High School Matt which how scary is that? Like at least Matt Strats had some size to him because I started lifting at that point.
But it folks, it was bad. it was bad, it was bad. she took pity on me. most likely.
most likely she did. We need High School map packs where none of this is real? Uh I would have to dig for a couple of them and figure out I mean maybe they're on my face like I don't know I don't really use Facebook anymore I'll dig some up Uh I Would definitely dig some up, but we'll get to it. We'll get to it. We'll get to it.
Uh, we're already going off the rails. but hey, that's exactly what you expect on Friday Let's quickly talk about the market because I do have one of my day trades. uh back so we can definitely do a little bit of degeneracy with the zero. DTE um strategy.
Oh wait. I missed a Super Chat Can you say hi to my wife Yolina? Yolania am I pronouncing that right Dom Yolania Yolenia yo feels like she is not uh, where? how do I'm I'm feeling bad for butchering this name Yolani You know what? Let's just put it right into a pronunciation thing and we'll hang on. Tell her to not listen quite yet until I figure out how to pronounce it. Pronunciation: Yolania: how to pronounce American English Yuliana Dude that says like Eastern European as it gets Happy Birthday Yuliana It's probably not her birthday, but you Liana Happy Birthday everyone.
it's not her birthday, but I think we should still all wish her a happy birthday. Funny that we had the technology in 1969 to the moon, but with the tech advancing over the last 60 years, we can't get past 550 miles into space. Clearly the moon landing was a hoax. Yeah, you nailed it.
I Don't believe in Moon I Don't believe in Birds None of it. It's all. it's all a government ploy. Stock futures Edge lower as Wall Street processes earnings results.
So we've had Netflix we've had Tesla we've had Morgan Stanley Now we have a T. Now we have Procter Gamble We will be getting into those. As you can see Procter and Gamble doing pretty pretty well and then a T not doing so hot. Had a pretty brutal sell-off yesterday.
slight uptick in pre-market trading, but it dropped 10.4 percent after yesterday's earnings. So these are the two people are talking about and a little bit about Tesla. So we'll be getting into all of those. As of now.
the Dow and the S P are slightly up. NASDAQ slightly down oil is actually below 78. so oil is falling from 83 to about 78. a little bit under 78. so oil definitely coming down. but overall it's We've seen a lot of chop this week. This has not been a nice trending week at all. really.
In all of April, we've been in a pretty tight small range. like we are just not moving in the market. This is it though. This is how markets work.
They ebb and flow from expansion to contraction, expansion to contraction. and right now this is just a hold pattern. This is another contraction. Just wait.
Not every day within the market is going to be the same. and recently we've had a lot of boring chop Chop Chop type of days. Just wait for a major breakout or breakdown. Obviously, you have to risk and size accordingly and then play the next.
Trend We are just waiting, waiting, waiting for the opportunity. Rapid, unscheduled disassembly. This is the newsletter. Sign Up.
It's Free Macross.locals.com It's in the description of the video basically. I Just give you a breakdown of everything that's going on. Uh, so today for April 21st, we are going to get the PMI numbers coming out at 9 45. So 15 minutes into the trading day and then roughly a half hour after the market closes, we will be hearing from another Fed member.
Um, in terms of earnings. We got PNG and schlumber Jade this morning so we could dive into those. And from his seasonality standpoint, it's Leaning Bearish. At first it was bullish, then it was nothing.
Recently, we've been selling off, so seasonality I would strongly argue is actually not strong today. I Wouldn't say there's a strong seasonal bias to the upside to the downside. Anything like that I would say slightly leaning bearish. And here are the stats.
Here's the equity curve. Here's the percentage, but as you can see, it's messy. Uh, I I would just argue that there isn't much strength to it. And then obviously all of my current uh iron Condor positions.
All right. So there's that breakdown. Now let's get into some of the specifics: Procter and Gamble beats earnings estimates raises Revenue forecasts This is important and obviously Procter and Gamble doing very well right now up 2.5 percent Procter Gamble is a massive, massive company. It has a market cap of 356 billion dollars.
It is a staple of consumer staples. Uh, it's a very good sign of what's going on with. uh I guess discretionary spending, especially within the household Proctor and Gamble it's a Bellwether Many people can still consider this a Bellwether for the health of the quote-unquote average consumer. So the fact that they beat yeah people are definitely definitely liking that Procter Gamble Beat quarterly earnings and revenue expectations.
The company also raised its fiscal 2023 sales guidance. so earnings per share dollar 37 versus 1.32 expected, and the revenue 20.07 billion versus 19.32 expected. So it beat and it beat kind of handedly. So people are really liking that. That's why PNG is up this morning. Definitely worthwhile to be paying attention to that one today. Okay, rewinding a little bit I Just wanted to talk about Kathy Wood I wanted to talk about Elon I wanted to talk about Tesla and what's going on and pretty much I wanted to talk about a massive price Target Kathy Wood says Tesla could hit 2 000 by 2027 on Robo taxi opportunity Arkham vest Kathy Woods said Thursday her EV darling Tesla could hit 2005 years So this is an a 12-month call out by any means. but in five years and this is commonly how Arc Invest does it.
Um, they usually work on a five-year time Horizon when a lot of analysts are calling out for the next 12 months, but she's talking about 2 000 and it's trading at about 165 right now, that's a big percentage increase. The Innovation Investor updated her price target for Elon Musk company to 2000 by 2027. a whopping 1127 increase from Tesla's Thursday's close of 163. Her valuation would also translate into more than 5 trillion market cap.
Understand, we've never at this point in terms of companies trading on the American Stock Exchange we've yet to see one be at 5 trillion. Uh, Apple I Don't know if it officially got above 3 trillion, but it was very, very close at a minimum and at least got to like two point, whatever. Nine something. Um, so please understand that this call out is numbers that haven't really been seen in the US market before Wood: Setter projections include a 1400 Target as her bare case and a 2.5 k for her bull case.
So in her eyes, we're still 10xing, essentially 8xing in the bear case. It's one of the most important investment opportunities of our lifetime. website on Cnbc's closing bell over time of: Robo taxis. So if you've been following Tesla the story of Tesla Obviously it's an automaker.
It's a large automaker. It's the largest Ev automaker, but a lot of people when they're giving it their prediction for the future, when they're giving an evaluation and has a lot more to do with this robo-taxing network. So this is getting into the world of autonomous vehicles and obviously basically completely disrupting things like Uber and Lyft and yada yada yada. Wood believes that the robo tax the opportunity could deliver 8 trillion to 10 trillion in Revenue by 2030.
Tesla began to discuss its Ambitions of self-driving technology in 2016. Uh, so just want to give that out to you I don't know this like when I see such lofty predictions I wonder are they talking their own book? Uh, obviously she's been a mega Tesla investor so she's just trying to get people amped up. Is she just trying to talk off the recent sell-off or did she like, truly, legitimately believe this is it somewhere in the middle I am a Tesla supporter I am bullish on the EV sector over the next five years, 10 years, 20 years. Whatever. Over the longer time frame, I am bullish on Eevee I Do believe that Tesla will be able to pull off what they say they're going to pull off because right now they are leading the charge in the world of EVS in the world of Robo taxis. But will those specific numbers come to fruition? Well, your guess is as good as mine. Um I don't know I'm invested in it I have it. Uh, we'll just see how it's playing off.
Would I be buying right now? personally? No, I'm not because what I see is some weakness I see lower highs I see a breakdown I see a gap filled in 146. I I like Tesla but I think I'll just be able to get it for 20 30 40 50 cheaper than I could get it for right now. So I'm a supporter of it. but I'm not adding to my current investment at these levels just because I see downward pressure and this isn't a knock, particularly on Tesla.
it's just more commentary of what's going on in the overall economy, what's going on in the overall. Market I Think a lot of these Mega cap companies such as Tesla Microsoft Apple Nvidia I think there's more pain to be had I I very much believe that there is more pain to be had Twitter finally removes Legacy verification checks marks. so it all went down on 420. And once again, the thing that I really wanted to bring up about this is all of the people saying they would never pay him money to get their check mark and then yet they clearly are paying.
I I Think it's just absolutely hilarious. Now in a little bit more of a broad sense, treasury yields continue to fall on signs of economic contraction. The reason I'm bringing this up to you is yes, this is a good statement for the overall economy the overall. Market but more importantly of how can we utilize this to potentially make some money? Well remember, as yields go down, bond prices go up.
Uh, to me, this is just de-risking the situation of being a bond investor for this year. I Know it's boring I Get that it's boring I Know it's incredibly boring but I truly believe the things that are going to perform yet the best for this year are what are thought of as the boring things that our grandparents invested in. I'm looking at things such as gold, silver, and bonds I think right now. well, the yields are great.
Like you're going to be locked in at five percent or above five percent if you know how to ladder it properly. But I think Gold's looking strong I think Silver's looking strong I Like them I Really do I think they're going to perform the best and uh, maybe I'm wrong on this I'm not saying I'm a fortune teller I'm not Clairvoyant I'm definitely not a financial advisor, but I really think those classic boring things are actually going to be what performs the best this year. I Am of the opinion that this is not the year to be like yoloing hardcore into big Tech names I Just don't think we have I think there's still more pain? Maybe I'm wrong, but just doing any basic research, you're gonna find out that from the moment from the moment that the FED decides to Pivot as in Cut interest rates there's been no time that we haven't dropped double digits from that moment, with the minimum being 27 and some being as high as I believe 58. That's from them cutting rates the market following from there. So I am looking to throw a lot of money into some of my favorite names a decent amount of time after the FED pivot I Want to be very, very clear about the timing and if there's any questions on it? obviously let me know. I Don't want to confuse anyone here, but if you look at all the FED pivots historically over the past, whatever 50 60 years, there's been no time that we haven't had a considerable drop-off in the market from then so we can get into the details I have all the numbers here with me I'm just not looking to be really a hardcore investor at this moment I like gold I like silver I like bonds I Even still like oil. A recession is coming and stock markets won't come through it unscathed. According to a strategist from Longview economics we can come back.
We can listen to it. I do think it's interesting so I just want to put that out there and more. so I wanted to get your thoughts on it of do you think we're still heading into a rough time? or you have the opinion that the worst is behind us and like it's kind of blue skies ahead. Five things to know before that boat goes dignity ding ding ding today.
What a drag. Yeah, the market kind of rough. Uh, obviously there's been a lot of fighting between Disney and DeSantis we can Circle Back to that Starship Silver Lining Collected a lot of data, did better than they expected it would PNG reports earnings, they crush the top and bottom lines and Twitter Blues we already covered that. A little bit later we're going to be talking about a gold Heist that went down in the Toronto Airport We'll come back there, but just because we are super super close to that Bell opening.
Let me get prepped for the day. the market. It was looking rough in the extended hour session. We are making somewhat of recovery I Don't believe that there's any gaps today.
No, there's no Gap So the past two days there was easy. upside Gap fill plays today. That will not be a thing unless something dramatically happens in the next nine seconds. which I highly doubt it will.
So last couple days have been chop. City Uh, obviously keep that in mind the casino is open. Best of luck to all. Play responsibly if not have fun it is.
Friday Fun day As we're waiting for the market to open. I Do want to point out that recently Crypto? uh, if you rewind, the week has had a really nice push. Uh, but it hasn't been able to hold. We have Bitcoin selling off from 30 000 down to 28 000.
In fact, it actually got below 28 000. Ethereum went from 2125 to actually 1900. So Crypto been under a little bit of pressure and if you've been checking what's going on with the blockchain, a lot of it is actually long positions getting liquidated. So I don't know if they're recent polls or if they've been long term or what's really going on, but we are seeing Longs getting liquidated as in people who were long just selling their position. It doesn't really have much to do with shorts apparently my robot's trading, but I'm not hearing any noises from it I'm getting confused of why I'm not uh, preferences? Why do I not? oh enable sound notification? Okay, uh. I Had to turn it off because of an interview from yesterday. Uh, that interview was with: Matthew Tuttle from Tuttle Capital Management He is the man the myth The Legend who is responsible for making the inverse Jim Cramer ETF s Jim I Always want to say slim Jim but the ticker symbol is sjim and once again it is the inverse Kramer ETF So it does the opposite of Kramer Um, and it was. This vehicle was created by Matthew Tunnel and his team from Tuttle Capital Management Did the interview with him yesterday and we will be posting it tomorrow around like 1pm ET maybe noon o'clock something like that.
but roughly midday tomorrow you'll be getting that interview. It's about 25 30 minutes long so it's not a long one. I Really think you're gonna enjoy it so make sure you are ready for that. Have your notifications on uh folks if you are subscribed to me if you're watching this right now and if you enjoy talking about breaking news stocks, crypto Futures Options, degeneracy and random rants um I Appreciate your support.
thanks for hitting the like button, thanks for hitting the Subscribe button but uh, this is your friendly reminder to make sure your notifications are on on both Rumble and on YouTube but specifically to the people watching right now. on YouTube When you click on that Bell icon, uh, there's gonna be an option personalize or all notifications. If you actually want to get the notifications, you're gonna have to switch it to all notifications for my channel because for whatever reason, if you have it on personalized, you're just not going to get it. Um, so I Just want to put that out there.
We've been noticing serious Tech issues I mean I'm sure there's people in here who are like dude I watch you commonly and I still have to search your name to find your videos. That is one thing you can do to potentially battle it is: click on the Bell icon and switch it from all from personalized notifications to all notifications. As soon as you have it on personalized, it's basically telling YouTube that they're like, ah, will only serve it to me if you think I want to watch it and they apparently do not think well for most of our audience. So I just want to throw that out there I Had to change my sub to Rumble Pickle Me Timbers.
That would be awesome I appreciate it I appreciate it I appreciate it. The Tesla options are looking juicy I Want to check in on my street being account folks if you're not signed up for street beat uh, it is free to download this app. You'll get anywhere from five to five thousand dollars when you create an account and the way you get up to 5000 is obviously deposit more Clearly this is a marketing thing, just they want people to join it. In all reality though, I mean I use it I'm looking at my account right now I mean I have 18 Grand in this account I Just want to see how my strategies are doing as of this morning. Um, the AI generation is honestly one of the coolest things. The bottom ladder strategy is already up one percent, top government contracts down 1.3 earnings call down seven value Hunter up 3.8 Honey Badgers up 1.4 and then the gold and silver Bond lettering is down 1.3 So the biggest magnitude gain is the bond ladder. The biggest percentage gain is the value Hunter which is that one where I don't want to start another big fight but that's the one where we, um, asked for uh, an investment strategy that God herself would invest into in terms of new stream ideas. Uh, all I want is more feet picks but it's just not the ones that you DM me every night I want to share them with the world Joe I Was thinking about that and I I think you're right.
I Really really do I think you're spot on with that? Um I Think you guys need more public facing feed picks? Uh, Street Beat has limited back accessibility Derek What does that mean? Streepy has limited back accessibility? What? What is back access ability has limited back. Is there a typo in there? Was that? Like an autocorrect on your phone? Street Beat has limited back access ability I'm sorry I'm trying to piece together of what you might have meant with that. This feels like one of those games that you play like at Thanksgiving with your family where you have to like, say it many, many times. what's it called like Mad Gab or whatever has limited back accessibility I Don't know why, but it it feels like you're saying something that has a strong sexual innuendo.
AMC Volume keeps drying up day by day by day. Yeah, people are like they've been losing interest in it for like over a year, but now it's getting really bad because the ties are turning against Adam air and people like are like starting to really really hate the guy because they realize the bullshit that he's done. Mullen to 11 cents I I Can supersize today? Mullen I Mean if you're investing in it I still think you're crazy, it's up 28 29 and it's only draining at 11 cents. Uh, if you ask me how I think this is gonna go, it's gonna be a pump and dump I think All like all the recent times, there has not been a point in Mullins chart where the pumps did not get dumped.
You cannot find one counter example in Mullen's chart to all price pumps getting horrifically dubbed. And the way I can tell you that and so like. Talk about it so confidently and there's reverse splits involved. but just look at it. Um, if you're blind I feel sorry for you because you can't see what I have on the screen right now. but I will try to use my words to articulate it. Imagine something coming up and then coming down even further than it was before. that's what Mullins chart looks like.
So I hope I hope that makes sense Zen Master me I appreciate that super emo. Thank you thank you thank you thank you Everyone Shout out to Zen Master I would never sub to mount or give him one penny. Bot Fighter eight months later said Master what's up man Mullen does have some news. uh something with Saudi Arabia we could dive into it really quick.
Molo announces huge battery advancements I thought it was something with stock News 21 hours 30 are among pre-market gainers Mullen Mullen Don't count on the comeback of Mullen stock amount. Close this website uh testing Mullen joint venture Energy Management model Emm technology yielding uplifting results. The Mm technology increased the range of the high volume OEM electric vehicles by 162 miles Mal and stock is now more than 70 percent year-to-date Earlier this week, Mullen announced that formed a joint venture called Mullen Advanced Energy Operations Maeo Mullen owns 51 of the newly formed entity I I Still don't think this ends well. It is not a good if you're gonna get into the world of EV get a quality EV Name Mullen is a trash name I'm sorry if you're invested in it, that's just a poor investment.
It didn't break your way. it happens. But just to keep throwing money after a loser, Well, you could do something better with your money. Take your wife out, take your kids out, go donate it to charity.
Uh, I'm not saying you have to be invested in the things that I love like Texas Roadhouse or tulips, but you could do better things with your main money than investing in penny stocks. There are some penny stocks at work I'm not here to bash all penny stocks. Yes, there are Diamonds in the Rough It's very difficult to find them and if you do, the question is, as you're searching for it, will you be able to find that one that takes off before you blow up from finding all the other crappy ones? I Really don't think Mullen is the one that's going to be like, oh like we, we found it like, this is amazing. It's just not that good of a company.
Same with Trk, same with GTI same with clothes. same with Pbig. All these they are shit companies. The chance of them doing well would mean that they would have to completely change their business strategy and get extraordinarily lucky.
They are poorly run businesses by really suspect people. Uh, Tulips Lorenzo knows what's up I Get it, a buys out Mullen and reverse splits it to three cents with an ape chaser buy Bior instead of Mullen Of course. Chaos. That's hilarious. Uh B-i-o-r previously known as prog another shit name, another shit name I Truly believe we can make a lot of money by just shorting all of the pumps in the Biotech world I Think that is a net Expected. Uh, like a net Positive Expected. Trade all of the penny stock companies that get pumps because of this test FDA that or Placebo this or trial that or acquisition this or rumor that I think I truly, truly, truly believe shorting every single pop in the biotech world is a massively profitable strategy. Maybe I should just start doing it and we'll find out.
Matt What would you choose? Mullen or himc if I had to choose between Mullen or himc. I would literally rather take that amount of money out of the ATM and just light it on fire because at least I got to like watch money burn Like it. To me, That seems like a better Kickback like I generated some warmth. Maybe I'll make a video out of it like Matt burning a thousand dollars like something I Truly think I would rather burn money like take my money and light it on fire rather than put it in hymc or Mullen I I Truly truly believe that? uh, your channel becomes a massive hedge fund from just shorting Biotech plays.
Uh, I would rather play roulette than invest in? Oh, of course of course of course I think there's better odds of betting on zero and roulette. For those of you who don't know roulette, that's the like. the green option. there's a lot of red, there's a lot of back black, and then there's one green option zero or depending there's also sometimes zero zero but I would rather bet on zero the green option like three times in a row I think those odds are better than Mullen or Trka or Gtii or Clover Bbig being a legitimate company I like I truly think the uh, like I would rather bet on green three times in a row.
which is the odds of that are what one over 35 cubed one over the quantity of 35 times 35 times 35. that's how low the odds are. Uh, I'd rather play craps instead. you know I've played craps once or twice, but I'm gonna be honest with you I don't really understand the rules I don't know the rules and I feel like if I played it like one time seriously for an hour I would fully understand the rules.
So I'm not saying it's like incredibly complicated, but I am saying at this moment in time I don't know what the hell I'm doing if I'm playing craps, it's just because I don't know. Am I a math nerd? A math geek? Obviously folks, you're talking to a guy who majored in computer science. You're talking to a dude whose favorite subject in school was math and I took all the classes I could I am a math nerd I'm a math geek. That's why I'm so awkward.
That's why you guys are like, what the fuck joke did he just make? why is he so cringe-worthy I'm not some sort of Suave like rock star musician who knows how to talk to people folks I'm a struggling, introverted software engineer who like puts on Crazy Shirts because I hope that that distracts you from what I'm saying. Uh, it's all a show. This is all like smoke and mirrors. I'm like, all right. if I do this crazy shit, maybe they'll just like notice that I know how to really talk properly. Um, but anyway, the reason I bring this up is because as soon as you dive a little bit into the math, especially if you take any statistics courses, you typically get into the realm of casino games and the statistics surrounding casino games. the only game that you really have a shot really have a shot is poker because you're not playing against the house, you're playing against other players and obviously you can exploit them if they don't like play optimally. But if you're playing Blackjack If you were playing roulette, if you're playing baccarat, if you're playing any game, especially slots, you're gonna end up losing.
That's casinos. Slots Blow my mind. I Know that's a big meta in streaming People like Chain Wreck and um, like all of Kick in general like. it's very popular to watch people play.
Slots Which blows my mind because people like me coders are literally paid to write the code that over enough times of playing those one-armed Bandits that the slot ends up making money the last time. I Checked in it in Vegas The average net profit for the casino per day per slot is about 200 to 250 dollars. Think about that per day. The average net profit per slot you see is somewhere between 200 and 250 and I Checked this a couple of years ago, so maybe it's higher.
Maybe it's lower, but it's in that realm. The next time you're in a casino, when you're looking at all those slots, think to yourself 200 for the casino every single day and then multiply that out by every single slot machine you see. Uh, the 945 report just dropped the PMI report. That's why we're seeing some volatility in the market.
How nuts is that? Now you might be thinking, well hang on. That's why I See so many slots. Like a lot of the times, the table rooms are a lot smaller. That's why because the slots are just easy.
easy money easy easy money. Eat like the easiest of money. For casinos, they just sit there and it's almost predatory. You just see a bunch of old people sitting there all day just like playing it and playing it and playing it.
Um, and that's how they make their money, folks. That's how they make their money. Um, I'm supposed to be doing this 15 minute trade, but I'm a little worried because we just got that 9 45 report. All right.
So we're gonna do it as we previously have. Feet picks aside and so 205 cover calls on Vti expiring today for 190. A little while back, we're now floating right now. The strike price not Financial Advice: Exit strategy.
Uh, that's a tough one. Where are you at Vti? would you do 205? Oh, you are right there. Dude, that is so ballsy. You're basically betting on today breaking downward. Oh dude, it's pure luck I Don't think there's like a strategic way to play it. You're just. you're gambling. now you're that's that's pure degeneracy.
and I hope whatever way you pick I hope it's the right way. I mean I don't know what your spread is or how you structured it or anything. but if there's a point today where you can get out even with like a slight game, you might just want to lock it in opposed to like blowing it all up. But it depends on how how frisky you're feeling.
But also, remember, your break even isn't technically that. Do I have to do this trade. We're about to get the potentially the 15 minute breakdown. Remember, your break even isn't the strike that you sold it at.
it's the strike you sold it at plus the premium. So you received how much for a dollar? Ninety at 205. So your break even is actually 206.90 and past 206.90 That's where you start to lose money, but that is your actual break. Even so, you have a little bit more leeway than you might think.
Uh, some people are telling you to Double Down Double Down Run it, Run it. Uh, you guys are absolute animals. absolute animals. Uh, I'm just selling two covered calls I Sold 192 weeks back I'm sitting at 50 to buy back.
Oh, you sold it At 190, you're at 50. I mean that's roughly 75 Profit I would be stoked with 75 profit. Collect that Theta benefited you I Mean if you're feeling it's just a certain point, at a certain point, you have to ask yourself, is the tail risk worth it? You're already up 75. But if we just get a super strange day and today pops, there is a chance that that goes down to zero.
So I'm a fan of not taking the tail risk like if I can get most of my money and not be subject to tail risk as in like randomly that one day it exploding out of your favor. uh I would rather just take my 75 profit. All right. Hang on.
Uh SPX 15 minutes, hang on. I'm just sizing this up so I can do what I need to. All right? So we haven't broken the 15 minute. So here's what I'm waiting.
We have the high. We have the low of the first 15 minute bar basically obviously ending at 9 45. I'm waiting for the either the breakout or the breakdown and for we're gonna start here. I'm not saying this is the best methodology I'm just saying this is what the current methodology is that I'm testing I'm looking for the first one minute bar to close above the breakout or to close below the breakdown and then that's when I will be selling Premium Premium Premium premium.
Let me just get everything ready. SPX All right so we have SPX We have options. We have options expiring today and we have the spread already there. Wait that can't be right.
Why does this all look is today? the 21st? What is happening? Oh what is 1 100th am that? I don't know what the hell that is uh, but Weeble was showing some funky stuff there I Heard that Weeble had some issues yesterday. Uh, something was like the order types or something I don't know. Did any of you get busted up on Weeble yesterday? Uh I know Pizza Houston some stuff. uh did we break out alert ADD Alert All right, we're going with our degenerate zero DTE Strategy I'm looking for at this point a breakdown and the bar needs to close below 4 11, 74. So I'm going to give this 22 seconds and if so, I will execute this trade. Looks like we're already kind of going for it All right. So I need to sell it on the top side. All right, we close below it.
All right we're gonna do. Did I get my order filled? All right I got my order filled I don't know if you guys heard it? probably not. Uh, but I could show it to you really quickly. Here's the degeneracy that I just pulled off full monitor.
so we got the breakdown of the 15 minute range when that happened. Uh, since we're breaking down I Sold premium I sold call Credit Spread right here I sold five of them. My average price was 260 and I am looking to get a gain of I don't know. Whatever, it's already up 250 dollars, 275, 150.
This thing is all over the map. Um, so what am I looking for? What am I looking for? I mean uh, close close All right I Wanna buy it back at a dollar A dollar a dollar A dollar A dollar A dollar a dollar dollar place. Order All right. So that order is in as you can see and as of now I did it on SPX Uh, SPX is the S P 500 spy is the ETF tracking the S P 500? Uh, this is my risk right here.
Uh, the 412 28 line. The as we've been discussing the strategy as we've been trying to flesh out what this strategy is, What this strategy isn't I Do want to point out that technically I don't know if I can because I don't have any more day trades, but technically if it does come back up to the other side, I'm supposed to swap I'm supposed to cut the calls here and I'm supposed to switch to a selling put credit spread because we're starting to go to the upside: I won't be able to do that today because I only have one day trade and obviously if I do that I'll burn that day trade and then if I get into that other position if if that reverts on me, I won't be able to pull the rip cord. Um, so let's just hope that this ends up playing out the way I very much need it to. Um so I got in at 260.
if depending on the time I I put a Target at one, I might take it off at 125 if we get there depending on the timing like if it happens right now I'm just going to take the money if there's another quick vomit and it quickly comes down to only trading at a dollar 25. I will happily take that money and just be stoked that I made money on this. Friday So selling some premium, doing some premium selling strategies with zero DTE degeneracy is it a good strategy I don't know. this is the second or the third time I've ever traded this we are trying to figure out like I said what it is, what it is in the first two times I did it and arguably these were my fault. uh I get busted up I got really busted up on the first two. Uh, but basically I took things that I learned from the first two I was like oh okay, like what's going on uh to handle it better and one of the rules that I definitely want to add on here is being out by. 2PM I've been noticing that if you look at the markets right here I could show you notice here 2 p.m massive change in the market. Um basically the bond market closes and sometimes it doesn't lead to anything and then other times we see a huge change.
Uh, not this day, but right here two days ago on Tuesday Bob market closes at 2PM and we start to see it pop. So I I'm I'm thinking by the time it gets to the afternoon session that if you're looking good, just take whatever the money is. Uh, so just want to throw that out there. it's just something I've been thinking about.
Tesla sold off going flat trading at 162. ATT is up two point six percent I see some people commenting FRC FRC I mean I'm still very very very far away from my cost basis because I got in at I believe at 42, it's trading at 14. but it's showing a little bit of life to it. I I Really hope it comes back I Have no visions of grandeur that this is a quick play.
That's exactly why I did it in my long term account because I might have to be in this for months, potentially a couple years. Uh, I bought FRC on the massive dip because FRC was legitimately a good bank I like what was going on there I really really Do? Um, and it just got sucked up in the banking crisis and as long as it stops hemorrhaging money with the deposits, uh I think it's going to come back I was looking in the 2008 2009 craziness and in that time period uh Bank of America JPMorgan City Wells Fargo the major Banks Today they all went very very low in price and they made a recovery. Other ones went low and price never made a recovery and ended up going kaput. So I'm just hoping that the dip buy an FRC is one of the ones that's going to make the recovery versus going to put I See no middle ground here.
I Think FRC is either one of two things. It'll either make a full recovery because it's a well-respected bank that a lot of the clientele like enjoys their services yada yada or it's going to go down and it's going to get siled off and sold, offer parts and go to bankruptcy. I Don't see an in-between I Don't see this thing settling at 20 30, 40, 50 bucks I Think it returns to back above 100 or goes to zero I Think it's very much a binary order filled. What the fuck was? That is my robot training? Uh yeah.
my robot's trading. Uh, on the NASDAQ It just went short. My robot just went short on the old Nash deck. The old NASDAQ Uh, right here on the right side of the screen. On your right side of the screen. that's the NASDAQ on the left side. That's the S P 500. Uh.
the robot was basically just shorted this potential breakdown. Uh, but now it's retracting. Uh, looks like maybe a dip buy if it bounces too much, it'll cut it very quickly. This month, the strategy has not been so good.
If I'm being completely forthcoming with you, the strategy does not do well in a choppy environment and all of April has been a choppy environment Last month in March it did well on a 4K account and ended up making 1.2 K So it had a 25 return and that was its debut month. I had to do a little bit of changes. The major change uh was changing the time frame that it or I altered and back tested the time frame that it's actually looking at so that was a massive Improvement But if you look at March we had nice Trends trending down, trending up. That's why it was able to make money if you look at April We haven't been trending at all and that's why it is definitely down on the month.
Um, so this was all of March right here. nice Trend down nice Trend up I made money. It was profitable if you look at April we've done a little down a little up I need bigger moves So right now the fact that we're not just seeing that much volatility, I'm currently getting beat up uh for this month. Overall, if you look at the two months uh, it is still net ahead but as it's continuing to lose in April because we're just getting whipsawed, it's just not doing well.
Uh, why not just average down prices significantly lower than your entry? Uh, because I put enough money on like I put the money on the table that I'm comfortable with because there's still a chance it could blow up. And if it does blow up. well, then if I put more money in it I'm just inherently losing more money I put enough money into the play that I'm comfortable with and that's it. Like you have at a certain point, you have to consider your own like sizing and your own leveraging.
and like the Val Like, even if even the most high confidence plays, you shouldn't be putting 100 in your money because nothing is ever, ever guaranteed. Even if you see something that's like a five star setup, you love it. Everything is perfect and you are just so incredibly positive that's going to work. You still shouldn't be putting that much money in it like you should still control your bet.
Sizing it can only run. uh. betting advice: take Ryan Garcia Is that a boxer Bbby exploding? Uh, no surprise. Uh, so it popped.
It's so like I wouldn't be buying here. It already had its pump and now it's dumping and we're talking about a shit company that's going to bankruptcy and it's trading at 34 cents. Uh I think my head's blocking it. so I don't think.
can you see that? Yeah, it's up here now. Um, this is why would you? I Mean it's if you're day trading it. That's a completely different story if you're talking about trying to buy this as an investment right now. I Think you need to get your head examined I Think you need to get your head examined I Do I do I do I do I do I do uh and so I got in at 260 on that play. They're currently trading at 240. so up 350 thus far the zero DTE it's working. Wow! Glad I ignored your sound advice to not be greedy and locked in Vti gains I'm wearing the piggy DJ and hat today Joe I Hope you crush it I hope you absolutely crush it. Have to kill me first.
Uh, can you please explain how you came up with that name over there on Rumble um that that's a very aggressive name. Have to kill me first super aggressive name I Have to that you're you're not holding back on that one by any means not holding back on that one at all. Dude, we are cruising on Rumble today over 3K people are watching on Rumble alone where are they at in chat Rumble chat. If you're watching this right now, stand up take Take a Bow let's give you some Applause where are they at like you would expect them to be going CR I guess I need to say something that's like a little bit more um controversial just to get them all over just to get them all like hyped up about something.
Uh what can I say about Rumble To get them all hyped up Knowledge is power sup chat slacking. We gotta get what can we say to rile up the the rumble chat? Uh word on the street from YouTube Chat just and I'm not saying it's true or not, but this is just what I'm hearing from YouTube Chat: is that uh Rumble chat. There are a bunch of dummies that don't know how to type and I'm not I'm just don't shoot the messenger is what I'm saying. I'm just relaying the information of what I see currently being called out on YouTube chat and YouTube is straight up saying that rumbles a bunch of dummies who don't know how to type at all like they were never Hooked on Phonics as child so just just throwing it out there make another Jesus joke.
Yeah, no, that was actually taken a lot more poorly on YouTube Interestingly enough than it was on Rumble So I'm not going to make any Jesus jokes today. I think I ruffled some feathers even though it was funny as fuck like I don't know how to take a joke, you know. Order filled. What the fuck? Now it's uh.
not only is it short, I'll just show you I don't know why I call it out like that when I can literally just show you uh, it's short on the NASDAQ as you saw before and now it's short on the S P 500 as well. So two short positions with the robots once again: I did not manually do this. These are the robots that I coded up once again, circling back to the fact that I'm like a math coding nerd. I'm lazy folks.
Not only am I a math coding nerd, but I am lazy. If it's one thing to trade, it's another thing to have something else trade for you like. I just I I Want to be lazy I don't want to do it manually. That sounds like a lot of freaking work. It sounds like a lot of emotional turmoil. So I'll put in The Upfront work to create a system to back test it. but then after that it's a done deal. It is a Dunso dealio and now they just trade for me.
Uh, sometimes they're smart, sometimes they're not smart. but we'll see how this particular one plays out. Uh uh. the one that I did manually do though.
Why is this not updating my P L working? That doesn't seem right. What are these currently trading at Modify? So I'm in at 260 and it's currently trading 170 by two dollars. So I'm up 60 bucks on each one and uh, 60 times five is up 350. currently up 350.
Um, if you missed what was going on, this was day three of zero. DTE Options Hardcore degeneracy. Hardcore degeneracy. Don't ask about day one and two.
It was a run-of-the-mill run situation. Um, a lot of you would be like don't you mean you lost money because you were stupid and didn't follow your rules. And the rules that you did have were dumb and we can't believe you would bet that big that size of your account on it when you don't know what the fuck you're doing. Um, it didn't explode.
It did not explode my account. It was a simple misunderstanding that we could sum it up with. It was a run scenario and you're gonna have some Rudd scenarios. Are you saying that you were crucified over the Jesus joke? Um I think so.
Oh, Rumble Chat rules and YouTube drools. Uh, spooky. You were throwing out some pretty heinous things there that you won't be able to take take back and maybe you want to stand by those words. Maybe you want to stand by them.
And I'm just saying that that's aggressive I Don't think YouTube is going to be forgetting those insults anytime soon anytime soon. Could you go over the zero DT again I didn't get what you did there? Yeah, happily. Um, so first of all, uh. caveat.
this guy right here. the the guy who has two thumbs and is currently pointing at himself I am not a financial advisor I'm not even that good of a Trader I'm honestly not that good of a person. so I want that out there, Not a financial advisor, not a good Trader and not even a good person. So I will share with you what the hell's been going on I just I very much want that out there of like what I've been thinking of.
So basically it all came around when I was reading some articles of the explosion in Zero DTE Popularity zero DT Zero days until expiration as in the options are going to expire that day. Uh, in the world of degeneracy, this is a Hallmark of it. So over the past six to eight months zero DTE Trading has like it's just getting more and more popular. Uh, there's more and more degenerates.
There's more and more hardcore people treating this casino like a legitimate Casino So I was thinking about that I was like I wonder if I could come up with a strategy I'm not saying this is a good strategy I'm not saying it's a bad strategy. It's just like where I started and I want to iterate on it. So through my back testing. in the world of algorithmic training anyway, uh, it's common to come across with referred to breakout and breakdown strategies. open range breakouts. So you look at a time frame. Whether it's a 15 minute bar, this could be a 30 minute bar. It could be a daily bar.
It could be a weekly bar. It doesn't matter, you're just looking at some time frame and then you could pick the best that's appropriate for you. For the point of this. I Arbitrarily started with a 15 minute bar.
Why? I don't know I Just said 15 minute. Someone in chat said okay and I went with it. There was no more special thought beyond that. So 15 minute bar I lit that bar play itself out once again, you could use whatever time frame you want and then I'm waiting for the quote unquote open Range breakout So basically you don't know this bar yet.
So this bar is formed and then at 9 46 you start trading. you might break that bar in the very next minute. you might break it. Not at all if if we just trade within this range, there was technically no open range breakup, but typically within the next bar, the next two bars, the next three bars, you either get a breakout to the upside or you get a breakout To the downside, this is referred to as an open range breakout and my theory order filled.
What? I Guess we're bouncing back and the whatever one the Es probably just cut that loss. That was probably that order filled, you just heard. But anyway, what I'm thinking of is okay playing that momentum playing the breakdown or the breakout. Today we broke downward.
So basically I sold call Premium as in oh okay I don't think it's gonna recover back up here. If it were to break to the upside I would sell put premium as in saying oh I don't think it's going to come down So I'm playing in line with the trend I'm playing in line with the momentum with the risk being the opposite side of the range. So right here is where I sold call Premium Because we broke downward and when you sell, call Premium You're basically saying hey, I think we're not coming back and we might sell off or at least we'll just like not move much from there. So right when this broke down, I waited for confirmation and in this particular strategy, confirmation is defined by the one minute bar that did
Matt aa is a bad man, he pounced on retail
How come I can't see your recorded live sessions? They only seem to come up once a weekish